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Livermore
Livermore
ZHEN

Lincluden Management Ltd

SEC CIK
0001058231
Latest filing
Jul 24, 2026

Holdings in Q2 2026

Holdings as of Jun 30, 2026, filed Jul 24, 2026. Long positions only; changes compare share counts with Q1 2026.

Institution overview
Positions
68
−2 vs. Q1 2026
Portfolio value
$1.02B
+$79.8M (+8.5%) vs. Q1 2026
Filed
Jul 24, 2026
SEC
Holdings of Lincluden Management Ltd in Q2 2026
SecurityClassSharesValue% of portfolioShare changeActionHistory
RYRoyal Bank of CanadaStock319,503$93.8M9.2%−87,771−21.6%ReducedHistory
TDToronto Dominion BankStock526,877$90.9M8.9%−163,556−23.7%ReducedHistory
TRPTC Energy CorpCOM605,977$56.9M5.6%−161,784−21.1%ReducedHistory
BNSBank of Nova ScotiaCOM458,826$56.6M5.6%−118,625−20.5%ReducedHistory
CNICanadian National Railway CoStock324,110$54.9M5.4%−80,154−19.8%ReducedHistory
BCEBce IncCOM NEW1,445,763$44.2M4.3%−398,067−21.6%ReducedHistory
GIBCgi IncCL A417,469$38.3M3.8%+70,443+20.3%AddedHistory
QSRRestaurant Brands International Inc.COM357,508$36.8M3.6%−95,892−21.1%ReducedHistory
CMCanadian Imperial Bank of CommerceCOM220,139$36.0M3.5%−73,367−25.0%ReducedHistory
BIPBrookfield Infrastructure Partners L.P.LP INT UNIT662,686$34.3M3.4%+25,485+4.0%AddedHistory
CNQCanadian Natural Resources LtdCOM557,895$31.3M3.1%−139,144−20.0%ReducedHistory
SUSuncor Energy IncStock408,759$31.2M3.1%−104,392−20.3%ReducedHistory
TUTelus CorpCOM1,951,523$29.3M2.9%−151,713−7.2%ReducedHistory
NTRNutrien Ltd.COM320,313$28.6M2.8%−114,665−26.4%ReducedHistory
MFCManulife Financial CorpCOM479,103$27.6M2.7%−209,690−30.4%ReducedHistory
BNBROOKFIELD CorpCL A LTD VT SH439,774$26.6M2.6%−247,835−36.0%ReducedHistory
MGAMagna International IncCOM266,320$24.8M2.4%−126,695−32.2%ReducedHistory
BEPBrookfield Renewable Partners L.P.PARTNERSHIP UNIT422,025$20.8M2.0%−150,364−26.3%ReducedHistory
FSVFirstService CorpCOM66,993$13.5M1.3%+2,327+3.6%AddedHistory
GOOGLAlphabet Inc.Stock33,228$11.9M1.2%+140.0%AddedHistory
UNHUnitedHealth Group IncStock22,589$9.39M0.9%+34+0.2%AddedHistory
JJacobs Solutions Inc.COM72,023$9.07M0.9%+18,878+35.5%AddedHistory
VVisa Inc.Stock25,560$8.77M0.9%+2,344+10.1%AddedHistory
TMOThermo Fisher Scientific Inc.Stock16,787$8.42M0.8%+2,366+16.4%AddedHistory
USBUS Bancorp DECOM NEW139,095$8.40M0.8%+461+0.3%AddedHistory
MSFTMicrosoft CorpStock22,093$8.24M0.8%+89+0.4%AddedHistory
CSCOCisco Systems, Inc.Stock69,320$8.14M0.8%−74,965−52.0%ReducedHistory
AMTAmerican Tower CorpREIT47,493$7.77M0.8%+5,988+14.4%AddedHistory
DEODiageo PLCSPON ADR NEW95,951$7.71M0.8%−19,012−16.5%ReducedHistory
BACBank of America CorpStock133,646$7.62M0.7%+816+0.6%AddedHistory
CIGIColliers International Group Inc.SUB VTG SHS54,765$7.29M0.7%+2,150+4.1%AddedHistory
PFEPfizer IncStock302,092$7.27M0.7%−99,218−24.7%ReducedHistory
INGING Groep NVSPONSORED ADR209,457$6.57M0.6%−8,937−4.1%ReducedHistory
JPMJPMorgan Chase & CoStock18,711$6.13M0.6%+260+1.4%AddedHistory
RMRRMR Group Inc.CL A290,000$5.95M0.6%00.0%UnchangedHistory
MSMorgan StanleyStock27,805$5.81M0.6%−474−1.7%ReducedHistory
HDHome Depot, Inc.Stock15,878$5.60M0.5%+2,655+20.1%AddedHistory
BGSIBoyd Group Services Inc.Common Stock41,310$5.55M0.5%+12,197+41.9%AddedHistory
CCitigroup IncStock36,613$5.12M0.5%−5,656−13.4%ReducedHistory
EOGEOG Resources IncStock39,024$5.06M0.5%+63+0.2%AddedHistory
COSTCostco Wholesale CorpStock5,345$5.00M0.5%+48+0.9%AddedHistory
DISWalt Disney CoStock51,540$4.96M0.5%+16,148+45.6%AddedHistory
WMTWalmart Inc.Stock43,169$4.89M0.5%−682−1.6%ReducedHistory
VZVerizon Communications IncStock108,554$4.60M0.5%−77,450−41.6%ReducedHistory
FRTFederal Realty Investment TrustSH BEN INT NEW36,888$4.55M0.4%00.0%UnchangedHistory
GILGildan Activewear Inc.Stock59,218$4.33M0.4%+7,935+15.5%AddedHistory
EQIXEquinix IncCOM3,971$4.14M0.4%00.0%UnchangedHistory
TRNOTerreno Realty CorpCOM63,499$4.11M0.4%00.0%UnchangedHistory
WELLWelltower Inc.REIT17,970$4.08M0.4%00.0%UnchangedHistory
TSCOTractor Supply CoCOM128,430$4.06M0.4%+72,186+128.3%AddedHistory
SHELShell plcADR50,952$3.95M0.4%+17,914+54.2%AddedHistory
GNTXGentex CorpCOM139,650$3.53M0.3%−178−0.1%ReducedHistory
RCIRogers Communications IncCL B74,117$3.42M0.3%−2,445−3.2%ReducedHistory
DSGXDescartes Systems Group IncCOM34,114$3.35M0.3%+34,114NewHistory
Sanofi80108N105ADR77,164$3.29M0.3%−1,318−1.7%Reduced–
TJXTJX Companies IncStock21,189$3.21M0.3%−351−1.6%ReducedHistory
GSKGSK plcADR57,400$3.01M0.3%−971−1.7%ReducedHistory
AHRAmerican Healthcare REIT, Inc.COM SHS54,797$2.86M0.3%+19,757+56.4%AddedHistory
BAMBrookfield Asset Management Ltd.CL A LMT VTG SHS43,179$2.75M0.3%−26,904−38.4%ReducedHistory
SAPSAP SEADR15,362$2.37M0.2%−14,471−48.5%ReducedHistory
JNJJohnson & JohnsonStock9,263$2.35M0.2%−126−1.3%ReducedHistory
AVBAvalonbay Communities IncCOM11,699$2.21M0.2%00.0%UnchangedHistory
EXRExtra Space Storage Inc.COM12,429$1.81M0.2%00.0%UnchangedHistory
MAAMid America Apartment Communities Inc.COM10,722$1.49M0.1%+10,722NewHistory
SPGSimon Property Group Inc.REIT6,537$1.46M0.1%−3,280−33.4%ReducedHistory
BXPBXP, Inc.COM11,822$784.0K0.1%−276−2.3%ReducedHistory
GLWCorning IncCOM599$153.0K<0.1%−33,542−98.2%ReducedHistory
BEPCBrookfield Renewable CorpCL A EX SUB VTG1,257$66.0K<0.1%00.0%UnchangedHistory

Sold out since Q1 2026 (4)

Positions held at the end of Q1 2026 that are gone from this filing.

Positions of Lincluden Management Ltd sold out since Q1 2026
SecurityClassShares in Q1 2026Value in Q1 2026% of portfolio in Q1 2026History
PBAPembina Pipeline CorpCOM999,523$45.4M4.8%History
GRTUFGranite Real Estate Investment TrustTR UNIT NEW104,627$6.25M0.7%History
TTETotalEnergies SESPONSORED ADS29,465$2.68M0.3%History
SUISun Communities IncCOM12,496$1.57M0.2%History