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Livermore
Livermore
ZHEN

Lincluden Management Ltd

SEC CIK
0001058231
Latest filing
Jul 24, 2026

Holdings in Q2 2025

Holdings as of Jun 30, 2025, filed Jul 25, 2025. Long positions only; changes compare share counts with Q1 2025.

Institution overview
Positions
77
+5 vs. Q1 2025
Portfolio value
$905.4M
+$118.3M (+15.0%) vs. Q1 2025
Filed
Jul 25, 2025
SEC
Holdings of Lincluden Management Ltd in Q2 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
TDToronto Dominion BankStock1,001,139$73.6M8.1%−181,184−15.3%ReducedHistory
RYRoyal Bank of CanadaStock495,708$65.3M7.2%−47,639−8.8%ReducedHistory
CNICanadian National Railway CoStock417,087$43.4M4.8%+8,865+2.2%AddedHistory
TRPTC Energy CorpCOM887,602$43.3M4.8%−124,678−12.3%ReducedHistory
BNSBank of Nova ScotiaCOM764,860$42.3M4.7%−17,194−2.2%ReducedHistory
BCEBce IncCOM NEW1,857,687$41.2M4.5%−39,397−2.1%ReducedHistory
BNBROOKFIELD CorpCL A LTD VT SH591,215$36.6M4.0%−35,343−5.6%ReducedHistory
NTRNutrien Ltd.COM592,028$34.5M3.8%+592,028NewHistory
PBAPembina Pipeline CorpCOM859,879$32.3M3.6%+100,472+13.2%AddedHistory
CMCanadian Imperial Bank of CommerceCOM433,144$30.7M3.4%−9,219−2.1%ReducedHistory
TUTelus CorpCOM1,912,479$30.7M3.4%−30,113−1.6%ReducedHistory
QSRRestaurant Brands International Inc.COM462,958$30.7M3.4%+207,618+81.3%AddedHistory
MFCManulife Financial CorpCOM938,330$30.0M3.3%−19,395−2.0%ReducedHistory
MGAMagna International IncCOM721,107$27.9M3.1%+62,697+9.5%AddedHistory
CNQCanadian Natural Resources LtdCOM748,302$23.5M2.6%+635,393+562.7%AddedHistory
SUSuncor Energy IncStock605,589$22.7M2.5%−12,671−2.0%ReducedHistory
BIPBrookfield Infrastructure Partners L.P.LP INT UNIT576,851$19.3M2.1%−13,432−2.3%ReducedHistory
BEPBrookfield Renewable Partners L.P.PARTNERSHIP UNIT663,452$16.9M1.9%−18,457−2.7%ReducedHistory
CSCOCisco Systems, Inc.Stock192,283$13.3M1.5%−519−0.3%ReducedHistory
ORCLOracle CorpStock52,460$11.5M1.3%−17,737−25.3%ReducedHistory
VZVerizon Communications IncStock255,529$11.1M1.2%−2,551−1.0%ReducedHistory
PFEPfizer IncStock413,558$10.0M1.1%−1,896−0.5%ReducedHistory
MSFTMicrosoft CorpStock18,795$9.35M1.0%−297−1.6%ReducedHistory
AMTAmerican Tower CorpREIT40,400$8.93M1.0%−176−0.4%ReducedHistory
GOOGLAlphabet Inc.Stock49,869$8.79M1.0%−289−0.6%ReducedHistory
FSVFirstService CorpCOM43,470$7.58M0.8%+3,011+7.4%AddedHistory
FRTFederal Realty Investment TrustSH BEN INT NEW78,625$7.47M0.8%−375−0.5%ReducedHistory
USBUS Bancorp DECOM NEW146,272$6.62M0.7%−2,627−1.8%ReducedHistory
BACBank of America CorpStock139,297$6.59M0.7%−7,397−5.0%ReducedHistory
CIGIColliers International Group Inc.SUB VTG SHS38,427$6.03M0.7%−13,184−25.5%ReducedHistory
DEODiageo PLCSPON ADR NEW58,026$5.85M0.6%−472−0.8%ReducedHistory
GRTUFGranite Real Estate Investment TrustTR UNIT NEW112,144$5.69M0.6%+10,780+10.6%AddedHistory
JPMJPMorgan Chase & CoStock19,190$5.56M0.6%−5,230−21.4%ReducedHistory
TMOThermo Fisher Scientific Inc.Stock13,628$5.53M0.6%+13,628NewHistory
GIBCgi IncCL A42,450$5.34M0.6%−1,255−2.9%ReducedHistory
INGING Groep NVSPONSORED ADR238,040$5.21M0.6%−10,021−4.0%ReducedHistory
WMTWalmart Inc.Stock52,685$5.15M0.6%−320−0.6%ReducedHistory
HDHome Depot, Inc.Stock13,883$5.09M0.6%−170−1.2%ReducedHistory
JJacobs Solutions Inc.COM37,002$4.86M0.5%+37,002NewHistory
DISWalt Disney CoStock38,821$4.81M0.5%−6,400−14.2%ReducedHistory
RMRRMR Group Inc.CL A290,000$4.74M0.5%00.0%UnchangedHistory
COSTCostco Wholesale CorpStock4,775$4.73M0.5%−83−1.7%ReducedHistory
MSMorgan StanleyStock32,386$4.56M0.5%−4,355−11.9%ReducedHistory
UNHUnitedHealth Group IncStock14,408$4.50M0.5%+6,084+73.1%AddedHistory
CNCCentene CorpStock78,973$4.29M0.5%−1,339−1.7%ReducedHistory
EOGEOG Resources IncStock33,220$3.97M0.4%−584−1.7%ReducedHistory
CCitigroup IncStock44,260$3.77M0.4%−725−1.6%ReducedHistory
WELLWelltower Inc.REIT23,650$3.64M0.4%−91−0.4%ReducedHistory
ORANYOrangeSPONSORED ADR238,840$3.62M0.4%−46,080−16.2%ReducedHistory
ULTAUlta Beauty, Inc.Stock7,391$3.46M0.4%+7,391NewHistory
GLWCorning IncCOM64,379$3.39M0.4%−756−1.2%ReducedHistory
GNTXGentex CorpCOM147,097$3.23M0.4%−1,096−0.7%ReducedHistory
SHELShell plcADR44,138$3.11M0.3%−736−1.6%ReducedHistory
GILGildan Activewear Inc.Stock62,974$3.10M0.3%−728−1.1%ReducedHistory
TSCOTractor Supply CoCOM58,680$3.10M0.3%−668−1.1%ReducedHistory
Sanofi80108N105ADR63,392$3.06M0.3%−1,085−1.7%Reduced–
CPTCamden Property TrustREIT26,705$3.01M0.3%−127−0.5%ReducedHistory
RCIRogers Communications IncCL B100,811$2.99M0.3%+21,304+26.8%AddedHistory
SUISun Communities IncCOM22,478$2.84M0.3%+22,478NewHistory
TJXTJX Companies IncStock22,835$2.82M0.3%−1,943−7.8%ReducedHistory
AVBAvalonbay Communities IncCOM12,433$2.53M0.3%−37−0.3%ReducedHistory
EXRExtra Space Storage Inc.COM16,794$2.48M0.3%−72−0.4%ReducedHistory
GSKGSK plcADR62,020$2.38M0.3%−4,108−6.2%ReducedHistory
TRNOTerreno Realty CorpCOM41,251$2.31M0.3%+13,332+47.8%AddedHistory
KRKroger CoStock30,610$2.20M0.2%−56,332−64.8%ReducedHistory
BEPCBrookfield Renewable CorpCL A EX SUB VTG63,008$2.06M0.2%−3,370−5.1%ReducedHistory
EQIXEquinix IncCOM2,585$2.06M0.2%−12−0.5%ReducedHistory
VETVermilion Energy Inc.COM278,465$2.03M0.2%−6,106−2.1%ReducedHistory
JNJJohnson & JohnsonStock13,098$2.00M0.2%−269−2.0%ReducedHistory
TTETotalEnergies SESPONSORED ADS30,934$1.90M0.2%−509−1.6%ReducedHistory
SPGSimon Property Group Inc.REIT10,519$1.69M0.2%−43−0.4%ReducedHistory
SAPSAP SEADR5,106$1.55M0.2%−64−1.2%ReducedHistory
BXPBXP, Inc.COM21,246$1.43M0.2%−17,422−45.1%ReducedHistory
COLDAmericold Realty TrustCOM77,246$1.28M0.1%−60,978−44.1%ReducedHistory
CVECenovus Energy Inc.COM19,800$323.0K<0.1%00.0%UnchangedHistory
BAMBrookfield Asset Management Ltd.CL A LMT VTG SHS5,778$319.0K<0.1%00.0%UnchangedHistory
BNTBrookfield Wealth Solutions Ltd.CL A EXCHANGEAB1,117$69.0K<0.1%−331−22.9%ReducedHistory