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Livermore
Livermore
ZHEN

Lincluden Management Ltd

SEC CIK
0001058231
Latest filing
Jul 24, 2026

Holdings in Q1 2024

Holdings as of Mar 31, 2024, filed May 7, 2024. Long positions only; changes compare share counts with Q4 2023.

Institution overview
Positions
73
−2 vs. Q4 2023
Portfolio value
$842.9M
+$18.9M (+2.3%) vs. Q4 2023
Filed
May 7, 2024
SEC
Holdings of Lincluden Management Ltd in Q1 2024
SecurityClassSharesValue% of portfolioShare changeActionHistory
TDToronto Dominion BankStock1,081,768$65.3M7.7%−20,125−1.8%ReducedHistory
RYRoyal Bank of CanadaStock630,173$63.5M7.5%−19,299−3.0%ReducedHistory
TRPTC Energy CorpCOM1,268,942$51.0M6.0%−19,554−1.5%ReducedHistory
BNBROOKFIELD CorpCL A LTD VT SH1,125,209$47.1M5.6%+105,223+10.3%AddedHistory
BNSBank of Nova ScotiaCOM858,580$44.4M5.3%−31,665−3.6%ReducedHistory
CMCanadian Imperial Bank of CommerceCOM838,968$42.5M5.0%−28,751−3.3%ReducedHistory
BCEBce IncCOM NEW1,177,108$40.0M4.7%+70,263+6.3%AddedHistory
MFCManulife Financial CorpCOM1,486,572$37.1M4.4%−125,068−7.8%ReducedHistory
CNICanadian National Railway CoStock277,345$36.5M4.3%−8,113−2.8%ReducedHistory
MGAMagna International IncCOM577,028$31.4M3.7%−11,897−2.0%ReducedHistory
PBAPembina Pipeline CorpCOM827,495$29.2M3.5%−15,758−1.9%ReducedHistory
TUTelus CorpCOM1,638,217$26.2M3.1%−13,745−0.8%ReducedHistory
SUSuncor Energy IncStock679,926$25.0M3.0%−370.0%ReducedHistory
QSRRestaurant Brands International Inc.COM275,906$21.9M2.6%−3,029−1.1%ReducedHistory
BEPBrookfield Renewable Partners L.P.PARTNERSHIP UNIT684,381$15.9M1.9%+680,794+18,979.5%AddedHistory
CSCOCisco Systems, Inc.Stock227,228$11.3M1.3%+17,503+8.3%AddedHistory
VZVerizon Communications IncStock268,672$11.3M1.3%−2,276−0.8%ReducedHistory
ORCLOracle CorpStock82,995$10.4M1.2%−10,110−10.9%ReducedHistory
PFEPfizer IncStock355,230$9.86M1.2%−2,313−0.6%ReducedHistory
MSFTMicrosoft CorpStock18,522$7.65M0.9%00.0%UnchangedHistory
GOOGLAlphabet Inc.Stock50,456$7.62M0.9%−460−0.9%ReducedHistory
DEODiageo PLCSPON ADR NEW51,240$7.46M0.9%00.0%UnchangedHistory
Granite Real Estate Invt Tr387437114UNIT 99/99/9999129,492$7.39M0.9%−4,098−3.1%Reduced–
RMRRMR Group Inc.CL A290,000$6.96M0.8%00.0%UnchangedHistory
USBUS Bancorp DECOM NEW155,312$6.94M0.8%−1,701−1.1%ReducedHistory
CIGIColliers International Group Inc.SUB VTG SHS56,582$6.91M0.8%+21,093+59.4%AddedHistory
CNCCentene CorpStock84,876$6.66M0.8%−1,151−1.3%ReducedHistory
FRTFederal Realty Investment TrustSH BEN INT NEW62,908$6.42M0.8%−1,478−2.3%ReducedHistory
DGDollar General CorpCOM41,159$6.42M0.8%−521−1.3%ReducedHistory
FSVFirstService CorpCOM37,733$6.25M0.7%−1,915−4.8%ReducedHistory
KRKroger CoStock109,039$6.23M0.7%−1,795−1.6%ReducedHistory
BACBank of America CorpStock156,092$5.92M0.7%−1,974−1.2%ReducedHistory
WBAWalgreens Boots Alliance, Inc.COM265,171$5.75M0.7%−1,545−0.6%ReducedHistory
EXRExtra Space Storage Inc.COM36,507$5.37M0.6%+5,407+17.4%AddedHistory
AMTAmerican Tower CorpREIT20,097$5.35M0.6%−1,478−6.9%ReducedHistory
INGING Groep NVSPONSORED ADR317,882$5.24M0.6%−3,496−1.1%ReducedHistory
JPMJPMorgan Chase & CoStock23,913$4.79M0.6%−4,660−16.3%ReducedHistory
HDHome Depot, Inc.Stock12,237$4.69M0.6%−156−1.3%ReducedHistory
CPTCamden Property TrustREIT45,890$4.52M0.5%+4,159+10.0%AddedHistory
CNQCanadian Natural Resources LtdCOM58,953$4.50M0.5%−840−1.4%ReducedHistory
EOGEOG Resources IncStock34,744$4.44M0.5%−530−1.5%ReducedHistory
DISWalt Disney CoStock35,737$4.37M0.5%−367−1.0%ReducedHistory
UDRUDR, Inc.COM112,894$4.22M0.5%−4,876−4.1%ReducedHistory
MSMorgan StanleyStock44,412$4.18M0.5%+8,448+23.5%AddedHistory
GIBCgi IncCL A34,810$3.84M0.5%+7,362+26.8%AddedHistory
COSTCostco Wholesale CorpStock5,139$3.77M0.4%−52−1.0%ReducedHistory
VETVermilion Energy Inc.COM299,320$3.72M0.4%+51,519+20.8%AddedHistory
WMTWalmart Inc.Stock61,759$3.72M0.4%−776−1.2%ReducedConverted for a 3-for-1 splitHistory
GILGildan Activewear Inc.Stock99,033$3.67M0.4%+22,586+29.5%AddedHistory
GNTXGentex CorpCOM99,650$3.60M0.4%−29,328−22.7%ReducedHistory
TSCOTractor Supply CoCOM12,236$3.20M0.4%−48−0.4%ReducedHistory
Sanofi80108N105ADR65,760$3.20M0.4%−435−0.7%Reduced–
ORANYOrangeSPONSORED ADR268,004$3.15M0.4%−3,070−1.1%ReducedHistory
GLWCorning IncCOM95,180$3.14M0.4%−1,142−1.2%ReducedHistory
UNHUnitedHealth Group IncStock6,098$3.02M0.4%+2,026+49.8%AddedHistory
EQIXEquinix IncCOM3,586$2.96M0.4%+1,487+70.8%AddedHistory
CCitigroup IncStock46,622$2.95M0.3%−448−1.0%ReducedHistory
GSKGSK plcADR65,252$2.80M0.3%−723−1.1%ReducedHistory
TJXTJX Companies IncStock25,327$2.57M0.3%−173−0.7%ReducedHistory
RCIRogers Communications IncCL B62,616$2.56M0.3%−1,421−2.2%ReducedHistory
SPGSimon Property Group Inc.REIT16,312$2.55M0.3%−600−3.5%ReducedHistory
AVBAvalonbay Communities IncCOM13,465$2.50M0.3%−514−3.7%ReducedHistory
VODVodafone Group Public Ltd CoADR280,064$2.49M0.3%−3,847−1.4%ReducedHistory
WELLWelltower Inc.REIT25,579$2.39M0.3%−1,792−6.5%ReducedHistory
TTETotalEnergies SESPONSORED ADS32,517$2.24M0.3%−328−1.0%ReducedHistory
COLDAmericold Realty TrustCOM89,191$2.22M0.3%+25,226+39.4%AddedHistory
JNJJohnson & JohnsonStock13,697$2.17M0.3%−185−1.3%ReducedHistory
BEPCBrookfield Renewable CorpCL A SUB VTG84,274$2.07M0.2%+82,654+5,102.1%AddedHistory
TRNOTerreno Realty CorpCOM28,480$1.89M0.2%−12,660−30.8%ReducedHistory
SAPSAP SEADR9,273$1.81M0.2%−272−2.8%ReducedHistory
BXPBXP, Inc.COM27,514$1.80M0.2%−1,027−3.6%ReducedHistory
CVECenovus Energy Inc.COM19,800$396.0K<0.1%00.0%UnchangedHistory
BAMBrookfield Asset Management Ltd.CL A LMT VTG SHS5,778$242.0K<0.1%00.0%UnchangedHistory

Sold out since Q4 2023 (2)

Positions held at the end of Q4 2023 that are gone from this filing.

Positions of Lincluden Management Ltd sold out since Q4 2023
SecurityClassShares in Q4 2023Value in Q4 2023% of portfolio in Q4 2023History
Tricon Residential Inc Com NPV89612W102COM1,000,396$9.10M1.1%–
VTRVentas, Inc.REIT43,530$2.17M0.3%History