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Lincluden Management Portfolio holdings

AUM $939M
1-Year Est. Return 31.43%
This Fund
S&P 500
This Quarter Est. Return
+8.05%
1 Year Est. Return
+31.43%
3 Year Est. Return
+47%
5 Year Est. Return
+49.95%
10 Year Est. Return
+133.14%
AUM
$862M
AUM Growth
+$76.7M
Cap. Flow
-$2.33M
Cap. Flow %
-0.27%
Top 10 Hldgs %
53.41%
Holding
73
New
5
Increased
15
Reduced
45
Closed
2

Top Buys

1
USB icon
US Bancorp
USB
+$7.8M
2
BNS icon
Scotiabank
BNS
+$6.97M
3
BAM icon
Brookfield Asset Management
BAM
+$6.45M
4
GSK icon
GSK
GSK
+$5.68M
5
COST icon
Costco
COST
+$2.61M

Top Sells

1
WFC icon
Wells Fargo
WFC
+$6.79M
2
BN icon
Brookfield
BN
+$6.57M
3
SU icon
Suncor Energy
SU
+$6.29M
4
DLTR icon
Dollar Tree
DLTR
+$3.71M
5
TD icon
Toronto Dominion Bank
TD
+$2.34M

Sector Composition

1 Financials 37.96%
2 Communication Services 16.54%
3 Energy 11.53%
4 Consumer Discretionary 8.56%
5 Real Estate 6.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TD icon
1
Toronto Dominion Bank
TD
$205B
$78.8M 9.14%
1,216,250
-36,246
-3% -$2.34M
RY icon
2
Royal Bank of Canada
RY
$300B
$74.7M 8.67%
794,694
-21,614
-3% -$2.04M
RCI icon
3
Rogers Communications
RCI
$18.8B
$47.4M 5.5%
1,013,315
-31,640
-3% -$1.35M
BNS icon
4
Scotiabank
BNS
$110B
$45.8M 5.31%
934,606
+141,317
+18% +$6.97M
BCE icon
5
BCE
BCE
$20.6B
$40.8M 4.74%
929,342
-25,731
-3% -$1.16M
CM icon
6
Canadian Imperial Bank of Commerce
CM
$110B
$36.5M 4.23%
901,871
-26,596
-3% -$1.17M
PBA icon
7
Pembina Pipeline
PBA
$29.6B
$34.5M 4.01%
1,017,268
-32,193
-3% -$1.08M
MGA icon
8
Magna International
MGA
$18.4B
$34.3M 3.98%
611,155
+16,216
+3% +$911K
QSR icon
9
Restaurant Brands International
QSR
$26.8B
$33.8M 3.92%
522,585
-20,495
-4% -$1.26M
CNI icon
10
Canadian National Railway
CNI
$77.8B
$33.5M 3.89%
282,142
-9,765
-3% -$1.17M
MFC icon
11
Manulife Financial
MFC
$72.1B
$31.9M 3.71%
1,791,186
-58,485
-3% -$997K
TU icon
12
Telus
TU
$16.5B
$28.7M 3.33%
1,486,346
-42,482
-3% -$877K
ENB icon
13
Enbridge
ENB
$123B
$27.3M 3.17%
698,846
-24,296
-3% -$950K
BN icon
14
Brookfield
BN
$109B
$26.9M 3.13%
1,285,238
-292,993
-19% -$6.57M
SU icon
15
Suncor Energy
SU
$71.6B
$26.1M 3.03%
822,254
-191,394
-19% -$6.29M
ABST
16
DELISTED
Absolute Software Corp
ABST
$18M 2.09%
+1,727
New +$18K
PFE icon
17
Pfizer
PFE
$143B
$14.3M 1.66%
278,532
-2,389
-0.9% -$115K
VZ icon
18
Verizon
VZ
$183B
$11M 1.28%
280,064
+65,747
+31% +$2.48M
ORCL icon
19
Oracle
ORCL
$358B
$11M 1.28%
134,420
-1,600
-1% -$122K
CSCO icon
20
Cisco
CSCO
$432B
$10.2M 1.18%
213,938
-461
-0.2% -$21K
WBA
21
DELISTED
Walgreens Boots Alliance
WBA
$8.22M 0.95%
220,071
-3,019
-1% -$114K
RMR icon
22
The RMR Group
RMR
$360M
$8.19M 0.95%
290,000
– –
FSV icon
23
FirstService
FSV
$6.95B
$8.07M 0.94%
65,886
+5,912
+10% +$732K
USB icon
24
US Bancorp
USB
$99.7B
$7.95M 0.92%
+182,245
New +$7.8M
CNC icon
25
Centene
CNC
$31.5B
$7.01M 0.81%
85,524
+472
+0.6% +$38.6K
1
2 3

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Lincluden Management's Q4 2022 Portfolio in Review

As of Q4 2022, Lincluden Management held 73 positions worth $862M, up 9.8% from $785M the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Lincluden Management's Q4 2022 filing shows 5 new, 15 increased, 45 reduced and 2 closed positions. Its largest new stake was US Bancorp: 182,245 shares worth $7.95M. The largest sale was Wells Fargo, an estimated $6.79M.

By sector, the portfolio is most concentrated in Financials at 38% of assets, down from 40% a quarter earlier, followed by Communication Services and Energy.

  • Lincluden Management's largest Q4 2022 buy was US Bancorp: 182,245 shares worth $7.95M.
  • Lincluden Management added most to Scotiabank in Q4 2022, an estimated $6.97M increase.
  • Lincluden Management's biggest Q4 2022 reduction was Brookfield, cutting an estimated $6.57M.
  • Lincluden Management fully exited Wells Fargo in Q4 2022, selling an estimated $6.79M.
  • Lincluden Management's ten largest holdings make up 53% of its $862M portfolio in Q4 2022.
  • Lincluden Management opened 5 new positions and closed 2 in Q4 2022.
  • Lincluden Management's portfolio value rose 9.8% quarter-over-quarter to $862M.

Based on Lincluden Management's 13F filing for Q4 2022, filed 2 Feb 2023.