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Livermore
Livermore
ZHEN

Lincluden Management Ltd

SEC CIK
0001058231
Latest filing
Jul 24, 2026

Holdings in Q3 2023

Holdings as of Sep 30, 2023, filed Nov 8, 2023. Long positions only; changes compare share counts with Q2 2023.

Institution overview
Positions
72
−2 vs. Q2 2023
Portfolio value
$826.7M
−$41.5M (−4.8%) vs. Q2 2023
Filed
Nov 8, 2023
SEC
Holdings of Lincluden Management Ltd in Q3 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
TDToronto Dominion BankStock1,300,978$78.4M9.5%−27,046−2.0%ReducedHistory
RYRoyal Bank of CanadaStock771,349$67.5M8.2%−14,531−1.8%ReducedHistory
TRPTC Energy CorpCOM1,321,821$45.5M5.5%+407,436+44.6%AddedHistory
BNSBank of Nova ScotiaCOM1,010,967$45.3M5.5%−18,677−1.8%ReducedHistory
BCEBce IncCOM NEW1,153,561$44.1M5.3%+49,055+4.4%AddedHistory
CMCanadian Imperial Bank of CommerceCOM1,020,694$39.4M4.8%−19,286−1.9%ReducedHistory
CNICanadian National Railway CoStock356,326$38.6M4.7%+60,001+20.2%AddedHistory
BNBROOKFIELD CorpCL A LTD VT SH1,210,760$37.9M4.6%−88,394−6.8%ReducedHistory
MGAMagna International IncCOM691,616$37.1M4.5%−12,530−1.8%ReducedHistory
TUTelus CorpCOM2,018,338$33.0M4.0%+290,257+16.8%AddedHistory
MFCManulife Financial CorpCOM1,734,056$31.7M3.8%+323,058+22.9%AddedHistory
PBAPembina Pipeline CorpCOM1,033,597$31.1M3.8%−21,625−2.0%ReducedHistory
SUSuncor Energy IncStock823,525$28.3M3.4%−49,130−5.6%ReducedHistory
QSRRestaurant Brands International Inc.COM345,289$23.0M2.8%−2,176−0.6%ReducedHistory
CSCOCisco Systems, Inc.Stock210,126$11.3M1.4%−632−0.3%ReducedHistory
PFEPfizer IncStock309,026$10.3M1.2%+32,684+11.8%AddedHistory
Tricon Residential Inc Com NPV89612W102COM1,350,876$9.99M1.2%+190,707+16.4%Added–
ORCLOracle CorpStock93,867$9.94M1.2%−316−0.3%ReducedHistory
VZVerizon Communications IncStock272,607$8.84M1.1%−1,309−0.5%ReducedHistory
FSVFirstService CorpCOM57,109$8.31M1.0%00.0%UnchangedHistory
GOOGLAlphabet Inc.Stock58,467$7.65M0.9%−399−0.7%ReducedHistory
RMRRMR Group Inc.CL A290,000$7.11M0.9%00.0%UnchangedHistory
CNQCanadian Natural Resources LtdCOM109,863$7.11M0.9%−31,400−22.2%ReducedHistory
Granite Real Estate Invt Tr387437114UNIT 99/99/9999133,590$7.09M0.9%+22,048+19.8%Added–
GSKGSK plcADR169,747$6.15M0.7%−1,131−0.7%ReducedHistory
USBUS Bancorp DECOM NEW183,236$6.06M0.7%−2,253−1.2%ReducedHistory
CNCCentene CorpStock86,973$5.99M0.7%−730−0.8%ReducedHistory
GIBCgi IncCL A60,502$5.97M0.7%+4,452+7.9%AddedHistory
WBAWalgreens Boots Alliance, Inc.COM267,831$5.96M0.7%−1,086−0.4%ReducedHistory
MSFTMicrosoft CorpStock18,783$5.93M0.7%−231−1.2%ReducedHistory
VETVermilion Energy Inc.COM401,900$5.88M0.7%−20,818−4.9%ReducedHistory
FRTFederal Realty Investment TrustSH BEN INT NEW64,861$5.88M0.7%−6,875−9.6%ReducedHistory
KRKroger CoStock111,946$5.01M0.6%−1,230−1.1%ReducedHistory
EOGEOG Resources IncStock38,360$4.86M0.6%−327−0.8%ReducedHistory
DGDollar General CorpCOM42,081$4.45M0.5%+11,071+35.7%AddedHistory
CPTCamden Property TrustREIT45,918$4.34M0.5%00.0%UnchangedHistory
INGING Groep NVSPONSORED ADR325,897$4.29M0.5%+2,238+0.7%AddedHistory
GNTXGentex CorpCOM130,537$4.25M0.5%−707−0.5%ReducedHistory
BACBank of America CorpStock153,045$4.19M0.5%−1,256−0.8%ReducedHistory
COSTCostco Wholesale CorpStock7,061$3.99M0.5%−28−0.4%ReducedHistory
HDHome Depot, Inc.Stock12,539$3.79M0.5%−63−0.5%ReducedHistory
AMTAmerican Tower CorpREIT21,575$3.55M0.4%+3,622+20.2%AddedHistory
WMTWalmart Inc.Stock21,209$3.39M0.4%−94−0.4%ReducedHistory
CIGIColliers International Group Inc.SUB VTG SHS35,489$3.38M0.4%00.0%UnchangedHistory
BAMBrookfield Asset Management Ltd.CL A LMT VTG SHS98,653$3.29M0.4%+27,342+38.3%AddedHistory
ORANYOrangeSPONSORED ADR275,128$3.16M0.4%−1,274−0.5%ReducedHistory
GLWCorning IncCOM97,725$2.98M0.4%−1,292−1.3%ReducedHistory
MSMorgan StanleyStock36,438$2.98M0.4%−163−0.4%ReducedHistory
DISWalt Disney CoStock36,594$2.96M0.4%−129−0.4%ReducedHistory
Sanofi80108N105ADR55,252$2.96M0.4%−322−0.6%Reduced–
EXRExtra Space Storage Inc.COM24,335$2.96M0.4%00.0%UnchangedHistory
COLDAmericold Realty TrustCOM94,776$2.88M0.3%00.0%UnchangedHistory
VODVodafone Group Public Ltd CoADR287,104$2.72M0.3%−2,598−0.9%ReducedHistory
RCIRogers Communications IncCL B67,011$2.58M0.3%−2,491−3.6%ReducedHistory
TSCOTractor Supply CoCOM12,369$2.51M0.3%−16−0.1%ReducedHistory
AVBAvalonbay Communities IncCOM13,979$2.40M0.3%−3,489−20.0%ReducedHistory
HLNHaleon plcADR283,602$2.36M0.3%−835−0.3%ReducedHistory
TRNOTerreno Realty CorpCOM41,140$2.34M0.3%00.0%UnchangedHistory
TJXTJX Companies IncStock25,905$2.30M0.3%−7,923−23.4%ReducedHistory
UDRUDR, Inc.COM63,830$2.28M0.3%+63,830NewHistory
WELLWelltower Inc.REIT27,371$2.24M0.3%00.0%UnchangedHistory
JNJJohnson & JohnsonStock14,113$2.20M0.3%−667−4.5%ReducedHistory
TTETotalEnergies SESPONSORED ADS33,240$2.19M0.3%+70.0%AddedHistory
UNHUnitedHealth Group IncStock4,121$2.08M0.3%−5−0.1%ReducedHistory
CCitigroup IncStock47,503$1.95M0.2%+32+0.1%AddedHistory
SPGSimon Property Group Inc.REIT16,912$1.83M0.2%00.0%UnchangedHistory
EQIXEquinix IncCOM2,099$1.52M0.2%00.0%UnchangedHistory
JPMJPMorgan Chase & CoStock9,858$1.43M0.2%−229−2.3%ReducedHistory
SAPSAP SEADR9,691$1.25M0.2%−224−2.3%ReducedHistory
CVECenovus Energy Inc.COM19,800$413.0K<0.1%00.0%UnchangedHistory
BMOBank of MontrealCOM554$46.0K<0.1%−42−7.0%ReducedHistory
BEPCBrookfield Renewable CorpCL A SUB VTG1,643$39.0K<0.1%+301+22.4%AddedHistory

Sold out since Q2 2023 (3)

Positions held at the end of Q2 2023 that are gone from this filing.

Positions of Lincluden Management Ltd sold out since Q2 2023
SecurityClassShares in Q2 2023Value in Q2 2023% of portfolio in Q2 2023History
DLTRDollar Tree, Inc.COM23,002$3.30M0.4%History
SUISun Communities IncCOM14,151$1.85M0.2%History
AREAlexandria Real Estate Equities, Inc.COM16,100$1.83M0.2%History