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Livermore
Livermore
ZHEN

Lincluden Management Ltd

SEC CIK
0001058231
Latest filing
Jul 24, 2026

Holdings in Q3 2021

Holdings as of Sep 30, 2021, filed Nov 9, 2021. Long positions only; changes compare share counts with Q2 2021.

Institution overview
Positions
76
−1 vs. Q2 2021
Portfolio value
$996.7M
−$45.7M (−4.4%) vs. Q2 2021
Filed
Nov 9, 2021
SEC
Holdings of Lincluden Management Ltd in Q3 2021
SecurityClassSharesValue% of portfolioShare changeActionHistory
TDToronto Dominion BankStock1,476,462$97.7M9.8%+141,125+10.6%AddedHistory
RYRoyal Bank of CanadaStock923,232$91.9M9.2%+3,414+0.4%AddedHistory
CMCanadian Imperial Bank of CommerceCOM529,321$58.9M5.9%+15,266+3.0%AddedHistory
BNSBank of Nova ScotiaCOM864,751$53.2M5.3%−6,675−0.8%ReducedHistory
BCEBce IncCOM NEW1,036,668$51.9M5.2%−155,177−13.0%ReducedHistory
Shaw Communications Inc82028K200CL B CONV1,576,182$45.8M4.6%−146,383−8.5%Reduced–
RCIRogers Communications IncCL B930,247$43.4M4.4%+31,491+3.5%AddedHistory
TUTelus CorpCOM1,757,435$38.6M3.9%−307,607−14.9%ReducedHistory
PBAPembina Pipeline CorpCOM1,104,900$36.2M3.6%+1,104,900NewHistory
CNICanadian National Railway CoStock310,374$36.0M3.6%+37,150+13.6%AddedHistory
ENBEnbridge IncStock883,547$35.2M3.5%−5,296−0.6%ReducedHistory
BAMBrookfield Asset Management Ltd.CL A LTD VT SH600,928$32.2M3.2%−99,312−14.2%ReducedHistory
MGAMagna International IncCOM409,126$30.8M3.1%−11,958−2.8%ReducedHistory
SUSuncor Energy IncStock1,273,975$26.4M2.7%+1,910+0.2%AddedHistory
SLFSun Life Financial IncCOM442,621$22.8M2.3%−2,535−0.6%ReducedHistory
CNQCanadian Natural Resources LtdCOM450,347$16.5M1.7%−419,880−48.2%ReducedHistory
Granite Real Estate Invt Tr387437114UNIT 99/99/9999192,512$13.7M1.4%+12,815+7.1%Added–
PFEPfizer IncStock311,853$13.4M1.3%−46,714−13.0%ReducedHistory
ORCLOracle CorpStock145,070$12.6M1.3%−9,566−6.2%ReducedHistory
CSCOCisco Systems, Inc.Stock212,824$11.6M1.2%−6,627−3.0%ReducedHistory
VZVerizon Communications IncStock210,782$11.4M1.1%−4,522−2.1%ReducedHistory
FRTFederal Realty Investment TrustSH BEN INT NEW85,701$10.1M1.0%−3,158−3.6%ReducedHistory
FSVFirstService CorpCOM54,860$9.92M1.0%00.0%UnchangedHistory
WBAWalgreens Boots Alliance, Inc.COM208,666$9.82M1.0%−6,885−3.2%ReducedHistory
RMRRMR Group Inc.CL A290,000$9.70M1.0%+290,000NewHistory
WFCWells Fargo & CompanyStock186,164$8.64M0.9%−14,098−7.0%ReducedHistory
GSKGSK plcSPONSORED ADR200,023$7.64M0.8%−5,537−2.7%ReducedHistory
TRNOTerreno Realty CorpCOM109,817$6.94M0.7%+26,443+31.7%AddedHistory
DLTRDollar Tree, Inc.COM69,911$6.69M0.7%+8,108+13.1%AddedHistory
BACBank of America CorpStock145,548$6.18M0.6%−7,658−5.0%ReducedHistory
CIGIColliers International Group Inc.SUB VTG SHS48,010$6.15M0.6%00.0%UnchangedHistory
INGING Groep NVSPONSORED ADR416,890$6.04M0.6%−25,713−5.8%ReducedHistory
AMTAmerican Tower CorpREIT21,987$5.84M0.6%+5,893+36.6%AddedHistory
CNCCentene CorpStock92,991$5.79M0.6%−6,931−6.9%ReducedHistory
GIBCgi IncCL A65,680$5.58M0.6%−1,775−2.6%ReducedHistory
KRKroger CoStock128,737$5.21M0.5%−8,773−6.4%ReducedHistory
QSRRestaurant Brands International Inc.COM84,511$5.18M0.5%+28,091+49.8%AddedHistory
VODVodafone Group Public Ltd CoADR322,828$4.99M0.5%+139,893+76.5%AddedHistory
MSFTMicrosoft CorpStock17,662$4.98M0.5%−960−5.2%ReducedHistory
GOOGLAlphabet Inc.Stock1,834$4.90M0.5%−97−5.0%ReducedHistory
WELLWelltower Inc.REIT58,902$4.85M0.5%−27,143−31.5%ReducedHistory
SPGSimon Property Group Inc.REIT35,562$4.62M0.5%00.0%UnchangedHistory
COLDAmericold Realty TrustCOM149,176$4.33M0.4%+34,763+30.4%AddedHistory
CPTCamden Property TrustREIT35,180$4.10M0.4%−2,195−5.9%ReducedHistory
GLWCorning IncCOM111,377$4.06M0.4%−7,630−6.4%ReducedHistory
MSMorgan StanleyStock40,730$3.96M0.4%−3,313−7.5%ReducedHistory
SUISun Communities IncCOM21,402$3.96M0.4%−15,650−42.2%ReducedHistory
EXRExtra Space Storage Inc.COM22,683$3.81M0.4%−6,250−21.6%ReducedHistory
DGDollar General CorpCOM17,619$3.74M0.4%−939−5.1%ReducedHistory
WMTWalmart Inc.Stock25,657$3.58M0.4%−2,406−8.6%ReducedHistory
ORANYOrangeSPONSORED ADR315,482$3.42M0.3%+28,375+9.9%AddedHistory
INNSummit Hotel Properties, Inc.COM344,179$3.31M0.3%00.0%UnchangedHistory
CCitigroup IncStock47,138$3.31M0.3%+6,482+15.9%AddedHistory
KRCKilroy Realty CorpCOM48,241$3.19M0.3%−12,203−20.2%ReducedHistory
SLGSL Green Realty CorpCOM44,071$3.12M0.3%−12,179−21.7%ReducedHistory
JNJJohnson & JohnsonStock16,745$2.70M0.3%+1,896+12.8%AddedHistory
DISWalt Disney CoStock15,583$2.64M0.3%+579+3.9%AddedHistory
TJXTJX Companies IncStock38,738$2.56M0.3%+13,734+54.9%AddedHistory
SNYSanofiSPONSORED ADR52,621$2.54M0.3%−5,432−9.4%ReducedHistory
Royal Dutch Shell PLC780259206SPONS ADR A56,738$2.53M0.3%−3,267−5.4%Reduced–
EQIXEquinix IncCOM3,003$2.37M0.2%00.0%UnchangedHistory
TSCOTractor Supply CoCOM9,852$2.00M0.2%−768−7.2%ReducedHistory
JPMJPMorgan Chase & CoStock11,575$1.90M0.2%−360−3.0%ReducedHistory
EOGEOG Resources IncStock23,575$1.89M0.2%−1,135−4.6%ReducedHistory
TTETotalEnergies SESPONSORED ADS36,868$1.77M0.2%−1,382−3.6%ReducedHistory
SAPSAP SEADR11,369$1.53M0.2%−455−3.8%ReducedHistory
BEPBrookfield Renewable Partners L.P.PARTNERSHIP UNIT38,700$1.43M0.1%00.0%UnchangedHistory
CVECenovus Energy Inc.COM132,518$1.34M0.1%−52,375−28.3%ReducedHistory
GILGildan Activewear Inc.Stock14,675$536.0K0.1%−2,195−13.0%ReducedHistory
TRPTC Energy CorpCOM7,230$348.0K<0.1%−1,090−13.1%ReducedHistory
MAAMid America Apartment Communities Inc.COM1,535$287.0K<0.1%−10,014−86.7%ReducedHistory
VETVermilion Energy Inc.COM18,370$182.0K<0.1%−3,145−14.6%ReducedHistory
BMOBank of MontrealCOM661$66.0K<0.1%−16,674−96.2%ReducedHistory
Brookfield Business PartnersG16234109UNIT LTD L P955$43.0K<0.1%+955New–
Cenovus Energy Inc.15135U117*W EXP 01/01/2026,730$39.0K<0.1%+6,730New–
Brookfield Asset Mgmt ReinsG16169107CL A EXCH LT VTG158$9.00K<0.1%+158New–

Sold out since Q2 2021 (6)

Positions held at the end of Q2 2021 that are gone from this filing.

Positions of Lincluden Management Ltd sold out since Q2 2021
SecurityClassShares in Q2 2021Value in Q2 2021% of portfolio in Q2 2021History
Brookfield Property Partrs LG16249107UNIT LTD PARTN1,318,229$25.0M2.4%–
BABAAlibaba Group Holding LtdADR19,237$4.36M0.4%History
CCLCarnival Corp Ltd.UNIT 99/99/9999128,440$3.39M0.3%History
LOWLowes Companies IncStock12,693$2.46M0.2%History
Brookfield Asset Mgmt Inc.016169107CLA EXCH LT VTG4,816$254.0K<0.1%–
Brookfield Business Partners Ltd00BYNDNQ0UNIT LP955$44.0K<0.1%–