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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
+12.31%
1 Year Est. Return
+31.43%
3 Year Est. Return
+47%
5 Year Est. Return
+49.95%
10 Year Est. Return
+133.14%
AUM
$824M
AUM Growth
-$2.71M
(-0.33%)
Cap. Flow
-$88.9M
Cap. Flow
% of AUM
-10.79%
Top 10 Holdings %
Top 10 Hldgs %
56.2%
Holding
77
New
5
Increased
6
Reduced
54
Closed
2
Top Buys
| 1 |
Diageo
DEO
|
+$7.57M |
| 2 |
JPMorgan Chase
JPM
|
+$2.84M |
| 3 |
Gildan
GIL
|
+$2.48M |
| 4 |
Ventas
VTR
|
+$1.95M |
| 5 |
UDR
UDR
|
+$1.88M |
Top Sells
| 1 |
Toronto Dominion Bank
TD
|
+$11.9M |
| 2 |
Royal Bank of Canada
RY
|
+$10.7M |
| 3 |
Canadian National Railway
CNI
|
+$8.03M |
| 4 |
Brookfield
BN
|
+$6.5M |
| 5 |
Telus
TU
|
+$6.34M |
Sector Composition
| 1 | Financials | 39.6% |
| 2 | Energy | 13.94% |
| 3 | Communication Services | 12.39% |
| 4 | Real Estate | 8.62% |
| 5 | Consumer Discretionary | 8.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Toronto Dominion Bank
TD
$205B
| $71.2M | 8.64% |
1,101,893
-199,085
| -15% | -$11.9M |
|
|
2
Royal Bank of Canada
RY
$300B
| $65.7M | 7.97% |
649,472
-121,877
| -16% | -$10.7M |
|
3
TC Energy
TRP
$72.8B
| $50.3M | 6.11% |
1,288,496
-33,325
| -3% | -$1.21M |
|
4
BCE
BCE
$20.6B
| $43.6M | 5.29% |
1,106,845
-46,716
| -4% | -$1.81M |
|
5
Scotiabank
BNS
$110B
| $43.3M | 5.26% |
890,245
-120,722
| -12% | -$5.31M |
|
6
Canadian Imperial Bank of Commerce
CM
$110B
| $41.8M | 5.07% |
867,719
-152,975
| -15% | -$6.12M |
|
|
7
Brookfield
BN
$109B
| $40.9M | 4.96% |
1,529,979
-286,161
| -16% | -$6.5M |
|
|
8
Canadian National Railway
CNI
$77.8B
| $35.9M | 4.35% |
285,458
-70,868
| -20% | -$8.03M |
|
9
Manulife Financial
MFC
$72.1B
| $35.6M | 4.32% |
1,611,640
-122,416
| -7% | -$2.35M |
|
10
Magna International
MGA
$18.4B
| $34.8M | 4.22% |
588,925
-102,691
| -15% | -$5.54M |
|
|
11
Telus
TU
$16.5B
| $29.4M | 3.57% |
1,651,962
-366,376
| -18% | -$6.34M |
|
12
Pembina Pipeline
PBA
$29.6B
| $29M | 3.52% |
843,253
-190,344
| -18% | -$6.1M |
|
13
Restaurant Brands International
QSR
$26.8B
| $21.8M | 2.64% |
278,935
-66,354
| -19% | -$4.62M |
|
14
Suncor Energy
SU
$71.6B
| $21.8M | 2.64% |
679,963
-143,562
| -17% | -$4.69M |
|
15
Cisco
CSCO
$432B
| $10.6M | 1.29% |
209,725
-401
| -0.2% | -$20.5K |
|
16
Pfizer
PFE
$143B
| $10.3M | 1.25% |
357,543
+48,517
| +16% | +$1.47M |
|
17
Verizon
VZ
$183B
| $10.2M | 1.24% |
270,948
-1,659
| -0.6% | -$58.7K |
|
18
Oracle
ORCL
$358B
| $9.82M | 1.19% |
93,105
-762
| -0.8% | -$83.2K |
|
|
TCN
19
DELISTED
Tricon Residential Inc.
TCN
| $9.1M | 1.1% |
1,000,396
-350,480
| -26% | -$2.69M |
|
20
The RMR Group
RMR
$360M
| $8.19M | 0.99% |
290,000
| – | – |
|
|
GRP.U
21
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $7.69M | 0.93% |
133,590
| – | – |
|
|
22
Diageo
DEO
$47.5B
| $7.46M | 0.91% |
+51,240
| New | +$7.57M |
|
23
Alphabet (Google) Class A
GOOGL
$4.33T
| $7.11M | 0.86% |
50,916
-7,551
| -13% | -$1.01M |
|
24
Microsoft
MSFT
$2.98T
| $6.96M | 0.85% |
18,522
-261
| -1% | -$92.9K |
|
|
WBA
25
DELISTED
Walgreens Boots Alliance
WBA
| $6.96M | 0.85% |
266,716
-1,115
| -0.4% | -$24.9K |
|
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Lincluden Management's Q4 2023 Portfolio in Review
As of Q4 2023, Lincluden Management held 77 positions worth $824M, down 0.33% from $827M the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Lincluden Management withdrew a net $88.9M in Q4 2023, closing 2 positions and reducing 54 holdings. Its most notable exit was Haleon, an estimated $2.36M position sold in full.
By sector, the portfolio is most concentrated in Financials at 40% of assets, up from 39% a quarter earlier, followed by Energy and Communication Services.
Against the trend, Lincluden Management opened a new position in Diageo worth $7.46M.
- Lincluden Management's largest Q4 2023 buy was Diageo: 51,240 shares worth $7.46M.
- Lincluden Management added most to JPMorgan Chase in Q4 2023, an estimated $2.84M increase.
- Lincluden Management's biggest Q4 2023 reduction was Toronto Dominion Bank, cutting an estimated $11.9M.
- Lincluden Management fully exited Haleon in Q4 2023, selling an estimated $2.36M.
- Lincluden Management's ten largest holdings make up 56% of its $824M portfolio in Q4 2023.
- Lincluden Management opened 5 new positions and closed 2 in Q4 2023.
- Lincluden Management's portfolio value fell 0.33% quarter-over-quarter to $824M.
Based on Lincluden Management's 13F filing for Q4 2023, filed 7 Feb 2024.