Skip to main content
Livermore
Livermore
ZHEN

Lincluden Management Ltd

SEC CIK
0001058231
Latest filing
Jul 24, 2026

Holdings in Q4 2022

Holdings as of Dec 31, 2022, filed Feb 2, 2023. Long positions only; changes compare share counts with Q3 2022.

Institution overview
Positions
71
+3 vs. Q3 2022
Portfolio value
$843.6M
+$58.7M (+7.5%) vs. Q3 2022
Filed
Feb 2, 2023
SEC
Holdings of Lincluden Management Ltd in Q4 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
TDToronto Dominion BankStock1,216,250$78.8M9.3%−36,246−2.9%ReducedHistory
RYRoyal Bank of CanadaStock794,694$74.7M8.9%−21,614−2.6%ReducedHistory
RCIRogers Communications IncCL B1,013,315$47.4M5.6%−31,640−3.0%ReducedHistory
BNSBank of Nova ScotiaCOM934,606$45.8M5.4%+141,317+17.8%AddedHistory
BCEBce IncCOM NEW929,342$40.8M4.8%−25,731−2.7%ReducedHistory
CMCanadian Imperial Bank of CommerceCOM901,871$36.5M4.3%−26,596−2.9%ReducedHistory
PBAPembina Pipeline CorpCOM1,017,268$34.5M4.1%−32,193−3.1%ReducedHistory
MGAMagna International IncCOM611,155$34.3M4.1%+16,216+2.7%AddedHistory
QSRRestaurant Brands International Inc.COM522,585$33.8M4.0%−20,495−3.8%ReducedHistory
CNICanadian National Railway CoStock282,142$33.5M4.0%−9,765−3.3%ReducedHistory
MFCManulife Financial CorpCOM1,791,186$31.9M3.8%−58,485−3.2%ReducedHistory
TUTelus CorpCOM1,486,346$28.7M3.4%−42,482−2.8%ReducedHistory
ENBEnbridge IncStock698,846$27.3M3.2%−24,296−3.4%ReducedHistory
BNBROOKFIELD CorpCL A LTD VT SH856,825$26.9M3.2%+856,825NewHistory
SUSuncor Energy IncStock822,254$26.1M3.1%−191,394−18.9%ReducedHistory
PFEPfizer IncStock278,532$14.3M1.7%−2,389−0.9%ReducedHistory
VZVerizon Communications IncStock280,064$11.0M1.3%+65,747+30.7%AddedHistory
ORCLOracle CorpStock134,420$11.0M1.3%−1,600−1.2%ReducedHistory
CSCOCisco Systems, Inc.Stock213,938$10.2M1.2%−461−0.2%ReducedHistory
WBAWalgreens Boots Alliance, Inc.COM220,071$8.22M1.0%−3,019−1.4%ReducedHistory
RMRRMR Group Inc.CL A290,000$8.19M1.0%00.0%UnchangedHistory
FSVFirstService CorpCOM65,886$8.07M1.0%+5,912+9.9%AddedHistory
USBUS Bancorp DECOM NEW182,245$7.95M0.9%+182,245NewHistory
CNCCentene CorpStock85,524$7.01M0.8%+472+0.6%AddedHistory
Granite Real Estate Invt Tr387437114UNIT 99/99/9999130,414$6.65M0.8%−27,441−17.4%Reduced–
GIBCgi IncCL A76,749$6.62M0.8%−160.0%ReducedHistory
FRTFederal Realty Investment TrustSH BEN INT NEW61,574$6.22M0.7%−7,375−10.7%ReducedHistory
BAMBrookfield Asset Management Ltd.CL A LMT VTG SHS214,290$6.14M0.7%+214,290NewHistory
GSKGSK plcADR170,636$6.00M0.7%+170,636NewHistory
DLTRDollar Tree, Inc.COM40,361$5.71M0.7%−24,933−38.2%ReducedHistory
Tricon Residential Inc Com NPV89612W102COM724,638$5.59M0.7%+126,505+21.1%Added–
GOOGLAlphabet Inc.Stock61,111$5.39M0.6%+19,726+47.7%AddedHistory
KRKroger CoStock118,303$5.27M0.6%−640−0.5%ReducedHistory
BACBank of America CorpStock146,930$4.87M0.6%−712−0.5%ReducedHistory
MSFTMicrosoft CorpStock19,751$4.74M0.6%−106−0.5%ReducedHistory
INGING Groep NVSPONSORED ADR383,033$4.66M0.6%−1,826−0.5%ReducedHistory
CPTCamden Property TrustREIT39,776$4.45M0.5%+6,083+18.1%AddedHistory
DGDollar General CorpCOM16,293$4.01M0.5%−66−0.4%ReducedHistory
TRNOTerreno Realty CorpCOM66,689$3.79M0.4%+35,713+115.3%AddedHistory
SPGSimon Property Group Inc.REIT29,726$3.49M0.4%−953−3.1%ReducedHistory
GLWCorning IncCOM103,948$3.32M0.4%−566−0.5%ReducedHistory
WMTWalmart Inc.Stock22,937$3.25M0.4%−253−1.1%ReducedHistory
DISWalt Disney CoStock37,361$3.25M0.4%−285−0.8%ReducedHistory
MSMorgan StanleyStock37,909$3.22M0.4%−282−0.7%ReducedHistory
AVBAvalonbay Communities IncCOM19,697$3.18M0.4%−3,436−14.9%ReducedHistory
VODVodafone Group Public Ltd CoADR301,543$3.05M0.4%−1,883−0.6%ReducedHistory
SUISun Communities IncCOM21,039$3.01M0.4%−3,945−15.8%ReducedHistory
Sanofi80108N105ADR61,149$2.96M0.4%−472−0.8%Reduced–
ORANYOrangeSPONSORED ADR290,993$2.88M0.3%−2,644−0.9%ReducedHistory
EOGEOG Resources IncStock21,969$2.85M0.3%−162−0.7%ReducedHistory
TJXTJX Companies IncStock35,686$2.84M0.3%−333−0.9%ReducedHistory
TSCOTractor Supply CoCOM12,570$2.83M0.3%−64−0.5%ReducedHistory
JNJJohnson & JohnsonStock15,298$2.70M0.3%−177−1.1%ReducedHistory
COLDAmericold Realty TrustCOM94,776$2.68M0.3%+2,532+2.7%AddedHistory
WELLWelltower Inc.REIT39,882$2.61M0.3%00.0%UnchangedHistory
CVECenovus Energy Inc.COM133,743$2.60M0.3%+1,357+1.0%AddedHistory
TRPTC Energy CorpCOM64,294$2.56M0.3%+13,837+27.4%AddedHistory
COSTCostco Wholesale CorpStock5,348$2.44M0.3%+5,348NewHistory
CIGIColliers International Group Inc.SUB VTG SHS26,284$2.41M0.3%+2,325+9.7%AddedHistory
AREAlexandria Real Estate Equities, Inc.COM16,100$2.35M0.3%+4,689+41.1%AddedHistory
HLNHaleon plcADR288,472$2.31M0.3%−2,255−0.8%ReducedHistory
CCitigroup IncStock48,436$2.19M0.3%−331−0.7%ReducedHistory
AMTAmerican Tower CorpREIT10,219$2.17M0.3%00.0%UnchangedHistory
TTETotalEnergies SESPONSORED ADS34,394$2.13M0.3%−249−0.7%ReducedHistory
BMOBank of MontrealCOM21,596$1.96M0.2%00.0%UnchangedHistory
JPMJPMorgan Chase & CoStock10,815$1.45M0.2%00.0%UnchangedHistory
EQIXEquinix IncCOM2,099$1.38M0.2%−2,573−55.1%ReducedHistory
VETVermilion Energy Inc.COM70,046$1.24M0.1%+19,509+38.6%AddedHistory
SAPSAP SEADR10,629$1.10M0.1%00.0%UnchangedHistory
ABSTAbsolute Software CorpCOM1,727$18.0K<0.1%+1,727NewHistory
Brookfield Business Partners LtdBYNDNQ000UNIT LP739$13.0K<0.1%−767−50.9%Reduced–

Sold out since Q3 2022 (3)

Positions held at the end of Q3 2022 that are gone from this filing.

Positions of Lincluden Management Ltd sold out since Q3 2022
SecurityClassShares in Q3 2022Value in Q3 2022% of portfolio in Q3 2022History
BAMBrookfield Asset Management Ltd.CL A LTD VT SH850,569$34.8M4.4%History
WFCWells Fargo & CompanyStock168,841$6.79M0.9%History
Brookfield Asset Mgmt Inc.016169107CLA EXCH LT VTG921$38.0K<0.1%–