Lincluden Management Ltd
- SEC CIK
- 0001058231
- Latest filing
- Jul 24, 2026
Holdings in Q4 2025
Holdings as of Dec 31, 2025, filed Jan 30, 2026. Long positions only; changes compare share counts with Q3 2025.
- Positions
- 71
- +2 vs. Q3 2025
- Portfolio value
- $1.18B
- +$278.8M (+31.0%) vs. Q3 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| TDToronto Dominion Bank | Stock | 829,383 | $107.3M | 9.1% | −77,249−8.5% | Reduced | History |
| RYRoyal Bank of Canada | Stock | 427,261 | $100.0M | 8.5% | −16,521−3.7% | Reduced | History |
| BNSBank of Nova Scotia | COM | 671,166 | $67.9M | 5.8% | −27,231−3.9% | Reduced | History |
| BCEBce Inc | COM NEW | 1,885,402 | $61.7M | 5.2% | −62,109−3.2% | Reduced | History |
| TRPTC Energy Corp | COM | 793,599 | $60.0M | 5.1% | −32,307−3.9% | Reduced | History |
| CNICanadian National Railway Co | Stock | 419,122 | $56.9M | 4.8% | −15,222−3.5% | Reduced | History |
| BNBROOKFIELD Corp | CL A LTD VT SH | 763,376 | $48.1M | 4.1% | +233,997+44.2% | Added | History |
| MGAMagna International Inc | COM | 642,618 | $47.0M | 4.0% | −26,535−4.0% | Reduced | History |
| PBAPembina Pipeline Corp | COM | 894,163 | $46.8M | 4.0% | −33,729−3.6% | Reduced | History |
| NTRNutrien Ltd. | COM | 518,869 | $44.0M | 3.7% | −22,413−4.1% | Reduced | History |
| QSRRestaurant Brands International Inc. | COM | 467,154 | $43.8M | 3.7% | −16,971−3.5% | Reduced | History |
| CMCanadian Imperial Bank of Commerce | COM | 329,398 | $41.0M | 3.5% | −56,464−14.6% | Reduced | History |
| MFCManulife Financial Corp | COM | 695,123 | $34.6M | 2.9% | −166,407−19.3% | Reduced | History |
| TUTelus Corp | COM | 1,821,826 | $33.0M | 2.8% | +161,320+9.7% | Added | History |
| SUSuncor Energy Inc | Stock | 536,309 | $32.7M | 2.8% | −21,403−3.8% | Reduced | History |
| CNQCanadian Natural Resources Ltd | COM | 673,512 | $31.3M | 2.7% | −26,570−3.8% | Reduced | History |
| BIPBrookfield Infrastructure Partners L.P. | LP INT UNIT | 643,160 | $30.7M | 2.6% | +643,160 | New | History |
| BEPBrookfield Renewable Partners L.P. | PARTNERSHIP UNIT | 575,275 | $21.3M | 1.8% | −26,069−4.3% | Reduced | History |
| CSCOCisco Systems, Inc. | Stock | 141,007 | $10.9M | 0.9% | −6,267−4.3% | Reduced | History |
| FSVFirstService Corp | COM | 46,898 | $10.0M | 0.9% | +5,818+14.2% | Added | History |
| GOOGLAlphabet Inc. | Stock | 31,483 | $9.85M | 0.8% | −12,348−28.2% | Reduced | History |
| VZVerizon Communications Inc | Stock | 241,578 | $9.84M | 0.8% | −13,118−5.2% | Reduced | History |
| PFEPfizer Inc | Stock | 389,203 | $9.69M | 0.8% | −22,825−5.5% | Reduced | History |
| GRTUFGranite Real Estate Investment Trust | TR UNIT NEW | 112,144 | $9.16M | 0.8% | 00.0% | Unchanged | History |
| DEODiageo PLC | SPON ADR NEW | 99,706 | $8.60M | 0.7% | +41,871+72.4% | Added | History |
| CIGIColliers International Group Inc. | SUB VTG SHS | 40,891 | $8.25M | 0.7% | 00.0% | Unchanged | History |
| MSFTMicrosoft Corp | Stock | 16,997 | $8.22M | 0.7% | −1,697−9.1% | Reduced | History |
| LENLennar Corp | CL A | 69,917 | $7.19M | 0.6% | +3,851+5.8% | Added | History |
| USBUS Bancorp DE | COM NEW | 132,444 | $7.07M | 0.6% | −12,828−8.8% | Reduced | History |
| BGSIBoyd Group Services Inc. | Common Stock | 31,892 | $6.97M | 0.6% | +31,892 | New | History |
| BACBank of America Corp | Stock | 126,604 | $6.96M | 0.6% | −11,867−8.6% | Reduced | History |
| AMTAmerican Tower Corp | REIT | 39,510 | $6.94M | 0.6% | −1,665−4.0% | Reduced | History |
| JJacobs Solutions Inc. | COM | 50,397 | $6.68M | 0.6% | +7,952+18.7% | Added | History |
| SAPSAP SE | ADR | 27,410 | $6.66M | 0.6% | −29−0.1% | Reduced | History |
| TMOThermo Fisher Scientific Inc. | Stock | 11,243 | $6.51M | 0.6% | −3,506−23.8% | Reduced | History |
| GIBCgi Inc | CL A | 49,716 | $6.30M | 0.5% | −655−1.3% | Reduced | History |
| INGING Groep NV | SPONSORED ADR | 208,280 | $5.83M | 0.5% | −18,979−8.4% | Reduced | History |
| JPMJPMorgan Chase & Co | Stock | 17,687 | $5.70M | 0.5% | −1,411−7.4% | Reduced | History |
| GILGildan Activewear Inc. | Stock | 62,103 | $5.33M | 0.5% | −1,491−2.3% | Reduced | History |
| RCIRogers Communications Inc | CL B | 99,632 | $5.16M | 0.4% | −2,262−2.2% | Reduced | History |
| GLWCorning Inc | COM | 58,455 | $5.12M | 0.4% | −5,543−8.7% | Reduced | History |
| MSMorgan Stanley | Stock | 26,422 | $4.69M | 0.4% | −5,724−17.8% | Reduced | History |
| WMTWalmart Inc. | Stock | 41,755 | $4.65M | 0.4% | −10,409−20.0% | Reduced | History |
| CCitigroup Inc | Stock | 39,216 | $4.58M | 0.4% | −4,752−10.8% | Reduced | History |
| EOGEOG Resources Inc | Stock | 40,739 | $4.57M | 0.4% | 00.0% | Unchanged | History |
| COSTCostco Wholesale Corp | Stock | 5,058 | $4.36M | 0.4% | −374−6.9% | Reduced | History |
| UNHUnitedHealth Group Inc | Stock | 13,099 | $4.32M | 0.4% | −1,223−8.5% | Reduced | History |
| RMRRMR Group Inc. | CL A | 290,000 | $4.32M | 0.4% | 00.0% | Unchanged | History |
| HDHome Depot, Inc. | Stock | 12,544 | $4.32M | 0.4% | −1,250−9.1% | Reduced | History |
| FRTFederal Realty Investment Trust | SH BEN INT NEW | 39,591 | $3.99M | 0.3% | 00.0% | Unchanged | History |
| DISWalt Disney Co | Stock | 37,955 | $3.99M | 0.3% | +8,008+26.7% | Added | History |
| TRNOTerreno Realty Corp | COM | 62,157 | $3.65M | 0.3% | 00.0% | Unchanged | History |
| WELLWelltower Inc. | REIT | 19,273 | $3.58M | 0.3% | −4,377−18.5% | Reduced | History |
| Sanofi80108N105 | ADR | 73,340 | $3.55M | 0.3% | −6,777−8.5% | Reduced | – |
| GSKGSK plc | ADR | 100,877 | $3.53M | 0.3% | +39,397+64.1% | Added | History |
| TJXTJX Companies Inc | Stock | 20,232 | $3.11M | 0.3% | −2,417−10.7% | Reduced | History |
| ULTAUlta Beauty, Inc. | Stock | 5,133 | $3.11M | 0.3% | −2,209−30.1% | Reduced | History |
| GNTXGentex Corp | COM | 132,523 | $3.08M | 0.3% | −13,645−9.3% | Reduced | History |
| SHELShell plc | ADR | 40,518 | $2.98M | 0.3% | −3,438−7.8% | Reduced | History |
| BEPCBrookfield Renewable Corp | CL A EX SUB VTG | 56,486 | $2.97M | 0.3% | −6,398−10.2% | Reduced | History |
| EQIXEquinix Inc | COM | 3,800 | $2.91M | 0.2% | +1,215+47.0% | Added | History |
| AVBAvalonbay Communities Inc | COM | 14,565 | $2.64M | 0.2% | 00.0% | Unchanged | History |
| TSCOTractor Supply Co | COM | 51,985 | $2.60M | 0.2% | −6,378−10.9% | Reduced | History |
| JNJJohnson & Johnson | Stock | 11,615 | $2.40M | 0.2% | −1,335−10.3% | Reduced | History |
| EXRExtra Space Storage Inc. | COM | 16,794 | $2.19M | 0.2% | 00.0% | Unchanged | History |
| SPGSimon Property Group Inc. | REIT | 10,519 | $1.95M | 0.2% | 00.0% | Unchanged | History |
| KBHKB Home | COM | 32,730 | $1.85M | 0.2% | +1,846+6.0% | Added | History |
| TTETotalEnergies SE | SPONSORED ADS | 27,414 | $1.79M | 0.2% | −3,331−10.8% | Reduced | History |
| AHRAmerican Healthcare REIT, Inc. | COM SHS | 37,595 | $1.77M | 0.2% | +37,595 | New | History |
| SUISun Communities Inc | COM | 13,407 | $1.66M | 0.1% | −9,071−40.4% | Reduced | History |
| BXPBXP, Inc. | COM | 15,598 | $1.05M | 0.1% | −5,648−26.6% | Reduced | History |
Sold out since Q3 2025 (1)
Positions held at the end of Q3 2025 that are gone from this filing.