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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
+1.78%
1 Year Est. Return
+31.43%
3 Year Est. Return
+47%
5 Year Est. Return
+49.95%
10 Year Est. Return
+133.14%
AUM
$868M
AUM Growth
-$12.2M
(-1.4%)
Cap. Flow
-$29.1M
Cap. Flow
% of AUM
-3.35%
Top 10 Holdings %
Top 10 Hldgs %
56.86%
Holding
76
New
1
Increased
36
Reduced
29
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Canadian Imperial Bank of Commerce
CM
|
+$5.27M |
| 2 |
Brookfield
BN
|
+$5.2M |
| 3 |
Telus
TU
|
+$4.88M |
| 4 |
Scotiabank
BNS
|
+$3.46M |
| 5 |
Magna International
MGA
|
+$3.44M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ABST
Absolute Software Corp
ABST
|
+$22.7M |
| 2 |
Rogers Communications
RCI
|
+$19.7M |
| 3 |
Manulife Financial
MFC
|
+$6.11M |
| 4 |
Restaurant Brands International
QSR
|
+$5.48M |
| 5 |
Oracle
ORCL
|
+$3.79M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 40.06% |
| 2 | Energy | 13.32% |
| 3 | Communication Services | 13.09% |
| 4 | Consumer Discretionary | 8.78% |
| 5 | Real Estate | 7.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Toronto Dominion Bank
TD
$199B
| $82.3M | 9.48% |
1,328,024
+35,271
| +3% | +$2.12M |
|
2
Royal Bank of Canada
RY
$292B
| $75.1M | 8.65% |
785,880
-20,973
| -3% | -$2M |
|
|
3
Scotiabank
BNS
$107B
| $51.5M | 5.93% |
1,029,644
+69,735
| +7% | +$3.46M |
|
4
BCE
BCE
$20.2B
| $50.4M | 5.8% |
1,104,506
-42,258
| -4% | -$1.97M |
|
|
5
Canadian Imperial Bank of Commerce
CM
$108B
| $44.4M | 5.11% |
1,039,980
+124,848
| +14% | +$5.27M |
|
|
6
Brookfield
BN
$104B
| $43.7M | 5.04% |
1,948,731
+245,481
| +14% | +$5.2M |
|
|
7
Magna International
MGA
$18B
| $39.8M | 4.58% |
704,146
+64,889
| +10% | +$3.44M |
|
8
TC Energy
TRP
$71.4B
| $37M | 4.26% |
914,385
+34,330
| +4% | +$1.4M |
|
9
Canadian National Railway
CNI
$76.9B
| $35.9M | 4.13% |
296,325
+15,002
| +5% | +$1.78M |
|
|
10
Telus
TU
$16.1B
| $33.6M | 3.87% |
1,728,081
+242,478
| +16% | +$4.88M |
|
11
Pembina Pipeline
PBA
$29.5B
| $33.2M | 3.82% |
1,055,222
+93,472
| +10% | +$2.98M |
|
|
12
Restaurant Brands International
QSR
$25.7B
| $26.9M | 3.1% |
347,465
-75,941
| -18% | -$5.48M |
|
|
13
Manulife Financial
MFC
$70.6B
| $26.7M | 3.07% |
1,410,998
-319,887
| -18% | -$6.11M |
|
14
Suncor Energy
SU
$73.5B
| $25.6M | 2.95% |
872,655
+34,799
| +4% | +$1.04M |
|
|
15
Oracle
ORCL
$350B
| $11.2M | 1.29% |
94,183
-36,672
| -28% | -$3.79M |
|
16
Cisco
CSCO
$436B
| $10.9M | 1.26% |
210,758
-161
| -0.1% | -$7.92K |
|
|
TCN
17
DELISTED
Tricon Residential Inc.
TCN
| $10.2M | 1.18% |
1,160,169
+100,741
| +10% | +$824K |
|
18
Verizon
VZ
$182B
| $10.2M | 1.17% |
273,916
-1,201
| -0.4% | -$44.5K |
|
19
Pfizer
PFE
$141B
| $10.1M | 1.17% |
276,342
-990
| -0.4% | -$38.5K |
|
20
FirstService
FSV
$6.75B
| $8.79M | 1.01% |
57,109
-1,239
| -2% | -$180K |
|
21
Canadian Natural Resources
CNQ
$91.7B
| $7.94M | 0.91% |
282,526
+58,544
| +26% | +$1.67M |
|
22
CGI
GIB
$14.3B
| $7.83M | 0.9% |
56,050
-18,989
| -25% | -$1.93M |
|
|
WBA
23
DELISTED
Walgreens Boots Alliance
WBA
| $7.66M | 0.88% |
268,917
+49,412
| +23% | +$1.61M |
|
24
Alphabet (Google) Class A
GOOGL
$4.3T
| $7.05M | 0.81% |
58,866
-390
| -0.7% | -$44.9K |
|
25
Federal Realty Investment Trust
FRT
$10.8B
| $6.94M | 0.8% |
71,736
+11,799
| +20% | +$1.11M |
|
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Lincluden Management's Q2 2023 Portfolio in Review
As of Q2 2023, Lincluden Management held 76 positions worth $868M, down 1.4% from $880M the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Lincluden Management withdrew a net $29.1M in Q2 2023, closing 2 positions and reducing 29 holdings. Its most notable exit was Absolute Software Corp, an estimated $22.7M position sold in full.
By sector, the portfolio is most concentrated in Financials at 40% of assets, up from 38% a quarter earlier, followed by Energy and Communication Services.
Against the trend, Lincluden Management opened a new position in UnitedHealth worth $1.98M.
- Lincluden Management's largest Q2 2023 buy was UnitedHealth: 4,126 shares worth $1.98M.
- Lincluden Management added most to Canadian Imperial Bank of Commerce in Q2 2023, an estimated $5.27M increase.
- Lincluden Management's biggest Q2 2023 reduction was Rogers Communications, cutting an estimated $19.7M.
- Lincluden Management fully exited Absolute Software Corp in Q2 2023, selling an estimated $22.7M.
- Lincluden Management's ten largest holdings make up 57% of its $868M portfolio in Q2 2023.
- Lincluden Management opened 1 new position and closed 2 in Q2 2023.
- Lincluden Management's portfolio value fell 1.4% quarter-over-quarter to $868M.
Based on Lincluden Management's 13F filing for Q2 2023, filed 9 Aug 2023.