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Livermore
Livermore
ZHEN

Lincluden Management Ltd

SEC CIK
0001058231
Latest filing
Jul 24, 2026

Holdings in Q1 2022

Holdings as of Mar 31, 2022, filed May 12, 2022. Long positions only; changes compare share counts with Q4 2021.

Institution overview
Positions
74
−2 vs. Q4 2021
Portfolio value
$1.13B
+$35.8M (+3.3%) vs. Q4 2021
Filed
May 12, 2022
SEC
Holdings of Lincluden Management Ltd in Q1 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
TDToronto Dominion BankStock1,389,048$110.2M9.8%−48,110−3.3%ReducedHistory
RYRoyal Bank of CanadaStock920,109$101.3M9.0%−25,500−2.7%ReducedHistory
CMCanadian Imperial Bank of CommerceCOM522,056$63.4M5.6%−17,155−3.2%ReducedHistory
BNSBank of Nova ScotiaCOM883,233$63.3M5.6%+530+0.1%AddedHistory
RCIRogers Communications IncCL B1,069,471$60.5M5.4%−35,545−3.2%ReducedHistory
BCEBce IncCOM NEW1,071,273$59.4M5.3%+2,035+0.2%AddedHistory
TUTelus CorpCOM1,711,124$44.7M4.0%−90,976−5.0%ReducedHistory
PBAPembina Pipeline CorpCOM1,186,213$44.6M3.9%−69,415−5.5%ReducedHistory
CNICanadian National Railway CoStock327,019$43.9M3.9%+10,055+3.2%AddedHistory
BAMBrookfield Asset Management Ltd.CL A LTD VT SH741,627$41.9M3.7%+157,471+27.0%AddedHistory
MGAMagna International IncCOM633,539$40.7M3.6%+185,978+41.6%AddedHistory
SUSuncor Energy IncStock1,171,263$38.1M3.4%−11,885−1.0%ReducedHistory
MFCManulife Financial CorpCOM1,785,308$38.1M3.4%+3,955+0.2%AddedHistory
ENBEnbridge IncStock820,578$37.8M3.3%−86,197−9.5%ReducedHistory
Shaw Communications Inc82028K200CL B CONV1,193,630$37.0M3.3%−84,920−6.6%Reduced–
PFEPfizer IncStock303,353$15.7M1.4%−3,050−1.0%ReducedHistory
Granite Real Estate Invt Tr387437114UNIT 99/99/9999160,693$12.4M1.1%−31,819−16.5%Reduced–
ORCLOracle CorpStock142,142$11.8M1.0%−1,390−1.0%ReducedHistory
CSCOCisco Systems, Inc.Stock209,559$11.7M1.0%−1,680−0.8%ReducedHistory
FRTFederal Realty Investment TrustSH BEN INT NEW90,932$11.1M1.0%+90,932NewHistory
FSVFirstService CorpCOM76,613$11.1M1.0%+10,828+16.5%AddedHistory
DLTRDollar Tree, Inc.COM68,396$11.0M1.0%−695−1.0%ReducedHistory
VZVerizon Communications IncStock208,888$10.6M0.9%−1,015−0.5%ReducedHistory
WBAWalgreens Boots Alliance, Inc.COM204,453$9.15M0.8%−1,990−1.0%ReducedHistory
RMRRMR Group Inc.CL A290,000$9.02M0.8%00.0%UnchangedHistory
GSKGSK plcSPONSORED ADR197,364$8.60M0.8%−1,135−0.6%ReducedHistory
WFCWells Fargo & CompanyStock174,412$8.45M0.7%−3,540−2.0%ReducedHistory
QSRRestaurant Brands International Inc.COM131,336$7.67M0.7%+12,675+10.7%AddedHistory
CNCCentene CorpStock90,361$7.61M0.7%−1,385−1.5%ReducedHistory
TRNOTerreno Realty CorpCOM96,189$7.12M0.6%−2,944−3.0%ReducedHistory
Tricon Residential Inc Com NPV89612W102COM445,695$7.08M0.6%−9,976−2.2%Reduced–
KRKroger CoStock122,454$7.03M0.6%−2,345−1.9%ReducedHistory
ATVIActivision Blizzard, Inc.COM87,524$7.01M0.6%−330−0.4%ReducedHistory
COLDAmericold Realty TrustCOM227,949$6.36M0.6%+63,100+38.3%AddedHistory
AMTAmerican Tower CorpREIT24,924$6.26M0.6%00.0%UnchangedHistory
AVBAvalonbay Communities IncCOM24,566$6.10M0.5%+24,566NewHistory
GIBCgi IncCL A76,530$6.10M0.5%+10,945+16.7%AddedHistory
BACBank of America CorpStock140,483$5.79M0.5%−2,515−1.8%ReducedHistory
MSFTMicrosoft CorpStock17,070$5.26M0.5%−340−2.0%ReducedHistory
VODVodafone Group Public Ltd CoADR314,193$5.22M0.5%−2,650−0.8%ReducedHistory
GOOGLAlphabet Inc.Stock1,759$4.89M0.4%−30−1.7%ReducedHistory
SPGSimon Property Group Inc.REIT33,191$4.37M0.4%+10,542+46.5%AddedHistory
EQIXEquinix IncCOM5,882$4.36M0.4%00.0%UnchangedHistory
CIGIColliers International Group Inc.SUB VTG SHS32,063$4.18M0.4%−41,141−56.2%ReducedHistory
CPTCamden Property TrustREIT25,128$4.18M0.4%−10,052−28.6%ReducedHistory
INGING Groep NVSPONSORED ADR394,373$4.11M0.4%−8,880−2.2%ReducedHistory
GLWCorning IncCOM107,712$3.98M0.4%−1,930−1.8%ReducedHistory
AREAlexandria Real Estate Equities, Inc.COM19,024$3.83M0.3%+19,024NewHistory
DGDollar General CorpCOM16,904$3.76M0.3%−370−2.1%ReducedHistory
ORANYOrangeSPONSORED ADR306,897$3.63M0.3%−3,890−1.3%ReducedHistory
CVECenovus Energy Inc.COM217,526$3.63M0.3%+146,633+206.8%AddedHistory
WMTWalmart Inc.Stock24,257$3.61M0.3%−370−1.5%ReducedHistory
MSMorgan StanleyStock39,915$3.49M0.3%−415−1.0%ReducedHistory
SUISun Communities IncCOM19,497$3.42M0.3%−20,817−51.6%ReducedHistory
Sanofi80108N105ADR64,416$3.31M0.3%+64,416New–
WELLWelltower Inc.REIT30,487$2.93M0.3%−36,180−54.3%ReducedHistory
JNJJohnson & JohnsonStock16,195$2.87M0.3%−245−1.5%ReducedHistory
EOGEOG Resources IncStock23,155$2.76M0.2%−225−1.0%ReducedHistory
BMOBank of MontrealCOM21,596$2.54M0.2%+20,935+3,167.2%AddedHistory
CCitigroup IncStock46,018$2.46M0.2%−490−1.1%ReducedHistory
TJXTJX Companies IncStock37,658$2.28M0.2%−485−1.3%ReducedHistory
TSCOTractor Supply CoCOM9,682$2.26M0.2%−95−1.0%ReducedHistory
DISWalt Disney CoStock15,223$2.09M0.2%−200−1.3%ReducedHistory
TTETotalEnergies SESPONSORED ADS36,233$1.83M0.2%−360−1.0%ReducedHistory
INNSummit Hotel Properties, Inc.COM161,022$1.60M0.1%−121,591−43.0%ReducedHistory
BEPBrookfield Renewable Partners L.P.PARTNERSHIP UNIT38,700$1.59M0.1%00.0%UnchangedHistory
TRPTC Energy CorpCOM28,045$1.58M0.1%+20,815+287.9%AddedHistory
JPMJPMorgan Chase & CoStock10,780$1.47M0.1%−395−3.5%ReducedHistory
VETVermilion Energy Inc.COM67,255$1.41M0.1%+48,885+266.1%AddedHistory
SAPSAP SEADR10,589$1.18M0.1%−395−3.6%ReducedHistory
Cenovus Energy Inc.15135U117*W EXP 01/01/2026,730$78.0K<0.1%00.0%Unchanged–
Brookfield Business Partners LtdBYNDNQ000UNIT LP590$18.0K<0.1%00.0%Unchanged–
BBUCBrookfield Business CorpCL A EXC SUB VTG295$10.0K<0.1%+295NewHistory
Brookfield Asset Mgmt Inc.016169107CLA EXCH LT VTG158$9.00K<0.1%00.0%Unchanged–

Sold out since Q4 2021 (7)

Positions held at the end of Q4 2021 that are gone from this filing.

Positions of Lincluden Management Ltd sold out since Q4 2021
SecurityClassShares in Q4 2021Value in Q4 2021% of portfolio in Q4 2021History
EXRExtra Space Storage Inc.COM22,156$5.02M0.5%History
CNQCanadian Natural Resources LtdCOM63,677$2.69M0.2%History
SNYSanofiSPONSORED ADR52,016$2.61M0.2%History
Royal Dutch Shell PLC780259206SPONS ADR A55,613$2.41M0.2%–
SLGSL Green Realty CorpCOM22,822$1.64M0.1%History
KRCKilroy Realty CorpCOM24,336$1.62M0.1%History
MAAMid America Apartment Communities Inc.COM1,535$352.0K<0.1%History