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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
-0.27%
1 Year Est. Return
+31.43%
3 Year Est. Return
+47%
5 Year Est. Return
+49.95%
10 Year Est. Return
+133.14%
AUM
$880M
AUM Growth
+$18.7M
Cap. Flow
+$16.8M
Cap. Flow %
1.91%
Top 10 Hldgs %
52.53%
Holding
77
New
6
Increased
20
Reduced
41
Closed
2

Top Buys

1
TRP icon
TC Energy
TRP
+$33.2M
2
BCE icon
BCE
BCE
+$9.82M
3
BN icon
Brookfield
BN
+$9.41M
4
CNQ icon
Canadian Natural Resources
CNQ
+$6.34M
5
TD icon
Toronto Dominion Bank
TD
+$4.94M

Top Sells

1
ENB icon
Enbridge
ENB
+$27.3M
2
RCI icon
Rogers Communications
RCI
+$24.8M
3
QSR icon
Restaurant Brands International
QSR
+$6.46M
4
BAM icon
Brookfield Asset Management
BAM
+$4.65M
5
DLTR icon
Dollar Tree
DLTR
+$2.52M

Sector Composition

1 Financials 38.16%
2 Communication Services 14.81%
3 Energy 12.24%
4 Consumer Discretionary 8.16%
5 Real Estate 7.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TD icon
1
Toronto Dominion Bank
TD
$206B
$77.2M 8.77%
1,292,753
+76,503
+6% +$4.94M
RY icon
2
Royal Bank of Canada
RY
$302B
$77M 8.74%
806,853
+12,159
+2% +$1.2M
BCE icon
3
BCE
BCE
$20.6B
$51.2M 5.82%
1,146,764
+217,422
+23% +$9.82M
BNS icon
4
Scotiabank
BNS
$111B
$48.2M 5.48%
959,909
+25,303
+3% +$1.3M
CM icon
5
Canadian Imperial Bank of Commerce
CM
$112B
$38.7M 4.4%
915,132
+13,261
+1% +$582K
BN icon
6
Brookfield
BN
$107B
$36.9M 4.19%
1,703,250
+418,012
+33% +$9.41M
MGA icon
7
Magna International
MGA
$18.1B
$34.2M 3.88%
639,257
+28,102
+5% +$1.63M
TRP icon
8
TC Energy
TRP
$73.1B
$34.1M 3.88%
880,055
+815,761
+1,269% +$33.2M
CNI icon
9
Canadian National Railway
CNI
$78.5B
$33.1M 3.76%
281,323
-819
-0.3% -$96.8K
MFC icon
10
Manulife Financial
MFC
$72.3B
$31.7M 3.6%
1,730,885
-60,301
-3% -$1.15M
PBA icon
11
Pembina Pipeline
PBA
$29.8B
$31.1M 3.53%
961,750
-55,518
-5% -$1.87M
TU icon
12
Telus
TU
$16.5B
$29.4M 3.34%
1,485,603
-743
-0% -$15.1K
QSR icon
13
Restaurant Brands International
QSR
$26.8B
$28.4M 3.22%
423,406
-99,179
-19% -$6.46M
SU icon
14
Suncor Energy
SU
$73.7B
$25.9M 2.95%
837,856
+15,602
+2% +$507K
ABST
15
DELISTED
Absolute Software Corp
ABST
$22.7M 2.58%
2,914
+1,187
+69% +$11.6K
RCI icon
16
Rogers Communications
RCI
$18.9B
$22.7M 2.57%
490,232
-523,083
-52% -$24.8M
ORCL icon
17
Oracle
ORCL
$364B
$12.2M 1.38%
130,855
-3,565
-3% -$313K
PFE icon
18
Pfizer
PFE
$144B
$11.3M 1.29%
277,332
-1,200
-0.4% -$51.8K
CSCO icon
19
Cisco
CSCO
$443B
$11M 1.25%
210,919
-3,019
-1% -$147K
VZ icon
20
Verizon
VZ
$185B
$10.7M 1.22%
275,117
-4,947
-2% -$195K
GRP.U
21
DELISTED
Granite Real Estate Investment Trust
GRP.U
$8.87M 1.01%
143,652
+13,238
+10% +$788K
FSV icon
22
FirstService
FSV
$6.92B
$8.2M 0.93%
58,348
-7,538
-11% -$1.04M
TCN
23
DELISTED
Tricon Residential Inc.
TCN
$8.2M 0.93%
1,059,428
+334,790
+46% +$2.76M
RMR icon
24
The RMR Group
RMR
$356M
$7.61M 0.86%
290,000
– –
WBA
25
DELISTED
Walgreens Boots Alliance
WBA
$7.59M 0.86%
219,505
-566
-0.3% -$20.1K
1
2 3

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Lincluden Management's Q1 2023 Portfolio in Review

As of Q1 2023, Lincluden Management held 77 positions worth $880M, up 2.2% from $862M the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Lincluden Management's Q1 2023 filing shows 6 new, 20 increased, 41 reduced and 2 closed positions. Its largest new stake was Canadian Natural Resources: 223,982 shares worth $6.18M. The largest sale was Enbridge, an estimated $27.3M.

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

  • Lincluden Management's largest Q1 2023 buy was Canadian Natural Resources: 223,982 shares worth $6.18M.
  • Lincluden Management added most to TC Energy in Q1 2023, an estimated $33.2M increase.
  • Lincluden Management's biggest Q1 2023 reduction was Rogers Communications, cutting an estimated $24.8M.
  • Lincluden Management fully exited Enbridge in Q1 2023, selling an estimated $27.3M.
  • Lincluden Management's ten largest holdings make up 53% of its $880M portfolio in Q1 2023.
  • Lincluden Management opened 6 new positions and closed 2 in Q1 2023.
  • Lincluden Management's portfolio value rose 2.2% quarter-over-quarter to $880M.

Based on Lincluden Management's 13F filing for Q1 2023, filed 12 May 2023.