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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
-6.62%
1 Year Est. Return
+31.43%
3 Year Est. Return
+47%
5 Year Est. Return
+49.95%
10 Year Est. Return
+133.14%
AUM
$827M
AUM Growth
-$41.5M
Cap. Flow
+$22.4M
Cap. Flow %
2.7%
Top 10 Hldgs %
56.46%
Holding
75
New
1
Increased
16
Reduced
44
Closed
3

Top Buys

Rank Stock Value
1
TRP icon
TC Energy
TRP
+$15M
2
CNI icon
Canadian National Railway
CNI
+$6.89M
3
MFC icon
Manulife Financial
MFC
+$6.11M
4
TU icon
Telus
TU
+$5.11M
5
UDR icon
UDR
UDR
+$2.54M

Top Sells

Rank Stock Value
1
DLTR icon
Dollar Tree
DLTR
+$3.3M
2
BN icon
Brookfield
BN
+$2.99M
3
CNQ icon
Canadian Natural Resources
CNQ
+$1.92M
4
SUI icon
Sun Communities
SUI
+$1.85M
5
ARE icon
Alexandria Real Estate Equities
ARE
+$1.83M

Sector Composition

Rank Sector Weight
1 Financials 39.25%
2 Energy 15.17%
3 Communication Services 12.7%
4 Consumer Discretionary 8.31%
5 Real Estate 7.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TD icon
1
Toronto Dominion Bank
TD
$199B
$78.4M 9.49%
1,300,978
-27,046
-2% -$1.69M
RY icon
2
Royal Bank of Canada
RY
$292B
$67.5M 8.16%
771,349
-14,531
-2% -$1.35M
TRP icon
3
TC Energy
TRP
$71.4B
$45.5M 5.5%
1,321,821
+407,436
+45% +$15M
BNS icon
4
Scotiabank
BNS
$107B
$45.3M 5.49%
1,010,967
-18,677
-2% -$895K
BCE icon
5
BCE
BCE
$20.2B
$44.1M 5.33%
1,153,561
+49,055
+4% +$2.06M
CM icon
6
Canadian Imperial Bank of Commerce
CM
$108B
$39.4M 4.77%
1,020,694
-19,286
-2% -$796K
CNI icon
7
Canadian National Railway
CNI
$76.9B
$38.6M 4.67%
356,326
+60,001
+20% +$6.89M
BN icon
8
Brookfield
BN
$104B
$37.9M 4.58%
1,816,140
-132,591
-7% -$2.99M
MGA icon
9
Magna International
MGA
$18B
$37.1M 4.49%
691,616
-12,530
-2% -$730K
TU icon
10
Telus
TU
$16.1B
$33M 3.99%
2,018,338
+290,257
+17% +$5.11M
MFC icon
11
Manulife Financial
MFC
$70.6B
$31.7M 3.84%
1,734,056
+323,058
+23% +$6.11M
PBA icon
12
Pembina Pipeline
PBA
$29.5B
$31.1M 3.76%
1,033,597
-21,625
-2% -$666K
SU icon
13
Suncor Energy
SU
$73.5B
$28.3M 3.43%
823,525
-49,130
-6% -$1.58M
QSR icon
14
Restaurant Brands International
QSR
$25.7B
$23M 2.78%
345,289
-2,176
-0.6% -$156K
CSCO icon
15
Cisco
CSCO
$436B
$11.3M 1.37%
210,126
-632
-0.3% -$34.1K
PFE icon
16
Pfizer
PFE
$141B
$10.3M 1.24%
309,026
+32,684
+12% +$1.16M
TCN
17
DELISTED
Tricon Residential Inc.
TCN
$9.99M 1.21%
1,350,876
+190,707
+16% +$1.64M
ORCL icon
18
Oracle
ORCL
$350B
$9.94M 1.2%
93,867
-316
-0.3% -$36.6K
VZ icon
19
Verizon
VZ
$182B
$8.84M 1.07%
272,607
-1,309
-0.5% -$44.2K
FSV icon
20
FirstService
FSV
$6.75B
$8.31M 1.01%
57,109
– –
GOOGL icon
21
Alphabet (Google) Class A
GOOGL
$4.3T
$7.65M 0.93%
58,467
-399
-0.7% -$51.6K
RMR icon
22
The RMR Group
RMR
$340M
$7.11M 0.86%
290,000
– –
CNQ icon
23
Canadian Natural Resources
CNQ
$91.7B
$7.11M 0.86%
219,726
-62,800
-22% -$1.92M
GRP.U
24
DELISTED
Granite Real Estate Investment Trust
GRP.U
$7.09M 0.86%
133,590
+22,048
+20% +$1.25M
GSK icon
25
GSK
GSK
$100B
$6.15M 0.74%
169,747
-1,131
-0.7% -$40.1K
1
2 3

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Lincluden Management's Q3 2023 Portfolio in Review

As of Q3 2023, Lincluden Management held 75 positions worth $827M, down 4.8% from $868M the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Lincluden Management's Q3 2023 filing shows 1 new, 16 increased, 44 reduced and 3 closed positions. Its largest new stake was UDR: 63,830 shares worth $2.28M. The largest sale was Dollar Tree, an estimated $3.3M.

By sector, the portfolio is most concentrated in Financials at 39% of assets, down from 40% a quarter earlier, followed by Energy and Communication Services.

  • Lincluden Management's largest Q3 2023 buy was UDR: 63,830 shares worth $2.28M.
  • Lincluden Management added most to TC Energy in Q3 2023, an estimated $15M increase.
  • Lincluden Management's biggest Q3 2023 reduction was Brookfield, cutting an estimated $2.99M.
  • Lincluden Management fully exited Dollar Tree in Q3 2023, selling an estimated $3.3M.
  • Lincluden Management's ten largest holdings make up 56% of its $827M portfolio in Q3 2023.
  • Lincluden Management opened 1 new position and closed 3 in Q3 2023.
  • Lincluden Management's portfolio value fell 4.8% quarter-over-quarter to $827M.

Based on Lincluden Management's 13F filing for Q3 2023, filed 8 Nov 2023.