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Livermore
Livermore
ZHEN

Lincluden Management Ltd

SEC CIK
0001058231
Latest filing
Jul 24, 2026

Holdings in Q4 2024

Holdings as of Dec 31, 2024, filed Feb 4, 2025. Long positions only; changes compare share counts with Q3 2024.

Institution overview
Positions
73
+1 vs. Q3 2024
Portfolio value
$826.1M
−$90.7M (−9.9%) vs. Q3 2024
Filed
Feb 4, 2025
SEC
Holdings of Lincluden Management Ltd in Q4 2024
SecurityClassSharesValue% of portfolioShare changeActionHistory
RYRoyal Bank of CanadaStock591,555$71.3M8.6%−14,614−2.4%ReducedHistory
TDToronto Dominion BankStock1,187,112$63.2M7.6%+121,231+11.4%AddedHistory
TRPTC Energy CorpCOM1,054,407$49.1M5.9%−164,440−13.5%ReducedHistory
BNBROOKFIELD CorpCL A LTD VT SH811,481$46.6M5.6%−61,658−7.1%ReducedHistory
BNSBank of Nova ScotiaCOM789,620$42.4M5.1%−22,796−2.8%ReducedHistory
BCEBce IncCOM NEW1,615,956$37.5M4.5%+237,903+17.3%AddedHistory
CNICanadian National Railway CoStock362,587$36.8M4.5%+86,096+31.1%AddedHistory
MFCManulife Financial CorpCOM1,153,282$35.4M4.3%−194,461−14.4%ReducedHistory
CMCanadian Imperial Bank of CommerceCOM501,798$31.7M3.8%−293,248−36.9%ReducedHistory
PBAPembina Pipeline CorpCOM771,535$28.5M3.5%−22,011−2.8%ReducedHistory
MGAMagna International IncCOM661,661$27.7M3.3%−138,611−17.3%ReducedHistory
TUTelus CorpCOM1,959,730$26.6M3.2%+19,196+1.0%AddedHistory
SUSuncor Energy IncStock627,334$22.4M2.7%−7,000−1.1%ReducedHistory
BIPBrookfield Infrastructure Partners L.P.LP INT UNIT599,739$19.1M2.3%−19,569−3.2%ReducedHistory
QSRRestaurant Brands International Inc.COM241,713$15.8M1.9%−7,466−3.0%ReducedHistory
BEPBrookfield Renewable Partners L.P.PARTNERSHIP UNIT686,764$15.6M1.9%+30,513+4.6%AddedHistory
CSCOCisco Systems, Inc.Stock226,319$13.4M1.6%−580−0.3%ReducedHistory
ORCLOracle CorpStock70,979$11.8M1.4%−7,131−9.1%ReducedHistory
VZVerizon Communications IncStock265,349$10.6M1.3%−1,892−0.7%ReducedHistory
PFEPfizer IncStock385,837$10.2M1.2%−1,271−0.3%ReducedHistory
GOOGLAlphabet Inc.Stock49,971$9.46M1.1%−233−0.5%ReducedHistory
MSFTMicrosoft CorpStock19,540$8.24M1.0%−130−0.7%ReducedHistory
KRKroger CoStock126,024$7.71M0.9%−799−0.6%ReducedHistory
FSVFirstService CorpCOM41,667$7.55M0.9%+3,934+10.4%AddedHistory
USBUS Bancorp DECOM NEW153,657$7.35M0.9%−787−0.5%ReducedHistory
DEODiageo PLCSPON ADR NEW57,739$7.34M0.9%−331−0.6%ReducedHistory
BACBank of America CorpStock153,633$6.75M0.8%−1,074−0.7%ReducedHistory
CIGIColliers International Group Inc.SUB VTG SHS48,132$6.54M0.8%−8,450−14.9%ReducedHistory
FRTFederal Realty Investment TrustSH BEN INT NEW58,288$6.53M0.8%−1,388−2.3%ReducedHistory
JPMJPMorgan Chase & CoStock25,199$6.04M0.7%−212−0.8%ReducedHistory
RMRRMR Group Inc.CL A290,000$5.99M0.7%00.0%UnchangedHistory
HDHome Depot, Inc.Stock14,459$5.62M0.7%−57−0.4%ReducedHistory
Granite Real Estate Invt Tr387437114UNIT 99/99/9999114,688$5.57M0.7%−43,062−27.3%Reduced–
MSMorgan StanleyStock41,497$5.22M0.6%−3,360−7.5%ReducedHistory
DISWalt Disney CoStock45,942$5.12M0.6%−70.0%ReducedHistory
CNCCentene CorpStock84,183$5.10M0.6%−407−0.5%ReducedHistory
INGING Groep NVSPONSORED ADR311,647$4.88M0.6%−2,470−0.8%ReducedHistory
COSTCostco Wholesale CorpStock5,029$4.61M0.6%−35−0.7%ReducedHistory
UNHUnitedHealth Group IncStock8,539$4.32M0.5%−41−0.5%ReducedHistory
EOGEOG Resources IncStock34,184$4.19M0.5%−213−0.6%ReducedHistory
EQIXEquinix IncCOM4,343$4.09M0.5%−237−5.2%ReducedHistory
GNTXGentex CorpCOM138,372$3.98M0.5%−1,299−0.9%ReducedHistory
GIBCgi IncCL A36,302$3.97M0.5%−135−0.4%ReducedHistory
WMTWalmart Inc.Stock41,764$3.77M0.5%−9,969−19.3%ReducedHistory
AMTAmerican Tower CorpREIT20,542$3.77M0.5%−3,102−13.1%ReducedHistory
UDRUDR, Inc.COM81,365$3.53M0.4%−29,831−26.8%ReducedHistory
CNQCanadian Natural Resources LtdCOM107,952$3.33M0.4%−430−0.4%ReducedHistory
CCitigroup IncStock47,243$3.33M0.4%+70+0.1%AddedHistory
TSCOTractor Supply CoCOM62,484$3.31M0.4%00.0%UnchangedConverted for a 5-for-1 splitHistory
Sanofi80108N105ADR66,562$3.21M0.4%+118+0.2%Added–
GLWCorning IncCOM66,395$3.15M0.4%−27,340−29.2%ReducedHistory
CPTCamden Property TrustREIT26,832$3.11M0.4%−18,127−40.3%ReducedHistory
TJXTJX Companies IncStock25,645$3.10M0.4%+57+0.2%AddedHistory
WELLWelltower Inc.REIT23,741$2.99M0.4%−1,286−5.1%ReducedHistory
ORANYOrangeSPONSORED ADR290,392$2.90M0.4%+170+0.1%AddedHistory
BXPBXP, Inc.COM38,668$2.88M0.3%+38,668NewHistory
GILGildan Activewear Inc.Stock60,873$2.87M0.3%−64−0.1%ReducedHistory
AVBAvalonbay Communities IncCOM12,470$2.74M0.3%−671−5.1%ReducedHistory
TRNOTerreno Realty CorpCOM44,917$2.66M0.3%−2,405−5.1%ReducedHistory
VETVermilion Energy Inc.COM272,863$2.57M0.3%−1,065−0.4%ReducedHistory
EXRExtra Space Storage Inc.COM16,866$2.52M0.3%−908−5.1%ReducedHistory
WBAWalgreens Boots Alliance, Inc.COM264,093$2.46M0.3%−551−0.2%ReducedHistory
GSKGSK plcADR66,128$2.24M0.3%+127+0.2%AddedHistory
COLDAmericold Realty TrustCOM102,463$2.19M0.3%−5,486−5.1%ReducedHistory
RCIRogers Communications IncCL B65,563$2.02M0.2%−269−0.4%ReducedHistory
JNJJohnson & JohnsonStock13,911$2.01M0.2%+37+0.3%AddedHistory
BEPCBrookfield Renewable CorpCL A EX SUB VTG68,408$1.89M0.2%−3,700−5.1%ReducedHistory
SPGSimon Property Group Inc.REIT10,562$1.82M0.2%−569−5.1%ReducedHistory
TTETotalEnergies SESPONSORED ADS32,988$1.80M0.2%+54+0.2%AddedHistory
SAPSAP SEADR5,395$1.33M0.2%−1,081−16.7%ReducedHistory
BAMBrookfield Asset Management Ltd.CL A LMT VTG SHS5,778$313.0K<0.1%00.0%UnchangedHistory
CVECenovus Energy Inc.COM19,800$300.0K<0.1%00.0%UnchangedHistory
BNTBrookfield Wealth Solutions Ltd.CL A EXCHANGEAB1,448$83.0K<0.1%+1,448NewHistory

Sold out since Q3 2024 (1)

Positions held at the end of Q3 2024 that are gone from this filing.

Positions of Lincluden Management Ltd sold out since Q3 2024
SecurityClassShares in Q3 2024Value in Q3 2024% of portfolio in Q3 2024History
SYKStryker CorpStock20$7.00K<0.1%History