SEC 13F Intelligence

Managers / Q2 2019 · view latest →

LINCLUDEN MANAGEMENT LTD

CIK 0001058231 · 201 CITY CENTRE DRIVE, SUITE 201, MISSISSAUGA, L5B 2T4 · 9058259000

Reported Value
$1.6B
Q2 2019
Positions
75
Filings on Record
29
2019–present window
Filed
Aug 15, 2019
original filing

Summary

Lincluden Management Ltd reported $1.6B in U.S.-listed holdings across 75 positions for Q2 2019.

The portfolio is heavily concentrated: BMO alone accounts for 36.1% of reported value.

Compared with Q1 2019, the fund opened 5 new positions and exited 2.

Portfolio Metrics

Turnover
+3.8%
vs prior filed quarter
Top-10 Concentration
+74.3%
share of reported value
Largest Position
+36.1%
Bank Montreal Que
New / Exited
5 / 2
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $1.0BQ1 ’19Q2 ’19: $1.6BQ3 ’19: $1.1BQ4 ’19: $1.1BQ1 ’20: $829MQ1 ’20Q2 ’20: $953MQ3 ’20: $1.0BQ4 ’20: $961MQ1 ’21: $1.0BQ1 ’21Q2 ’21: $1.0BQ3 ’21: $997MQ4 ’21: $1.1BQ1 ’22: $1.1BQ1 ’22Q2 ’22: $914MQ3 ’22: $785MQ4 ’22: $862MQ1 ’23: $880MQ1 ’23Q2 ’23: $868MQ3 ’23: $827MQ4 ’23: $824MQ1 ’24: $843MQ1 ’24Q2 ’24: $823MQ3 ’24: $917MQ4 ’24: $826MQ1 ’25: $787MQ1 ’25Q2 ’25: $905MQ3 ’25: $898MQ4 ’25: $1.2BQ1 ’26: $939MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 88.8%Other: 6.8%REIT: 2.3%ADR: 2.1%
  • Common Stock · 88.8% · $1.4B
  • Other · 6.8% · $106M
  • REIT · 2.3% · $36M
  • ADR · 2.1% · $33M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DOWDOW INC.NEW+82.1K82.1K+$4M$4M
DDDUPONT DE NEMOURS INC.NEW+47.4K47.4K+$4M$4M
EOGEOG RESOURCES INC.NEW+35.7K35.7K+$3M$3M
CTVACORTEVA INC.NEW+48.1K48.1K+$1M$1M
WEYERHAEUSER CONEW+9.5K9.5K+$251,000$251,000
WELLWELLTOWER INC.ADDED+24.0K40.2K+$2M$3M
PGPROCTER & GAMBLE COSOLD OUT−100.8K0−$9M$0
DOWDUPONT INC.SOLD OUT−140.9K0−$8M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2019

75 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BMOBANK MONTREAL QUEhistory →COM36.13%$567M573.5K
2TDTORONTO DOMINION BK ONThistory →COM NEW6.43%$101M1.73M
3RYROYAL BANK OF CANADAhistory →COM6.11%$96M1.21M
4BNSBANK NOVA SCOTIA HALIFAXhistory →COM4.88%$77M1.43M
5ENBENBRIDGE INC.history →COM4.70%$74M2.05M
6BCE INCCOM3.83%$60M1.32M
7CVECENOVUS ENERGY INC.history →COM3.35%$53M5.89M
8RCIROGERS COMMUNICATIONS INChistory →CL B3.35%$53M982.0K
9CNQCANADIAN NATURAL RESOURCES LTD.history →COM3.16%$50M1.84M
10CMCANADIAN IMPERIAL BANK OF COMMERCEhistory →COM2.41%$38M481.4K
11CRGYCRESCENT POINT ENERGY CORP.history →COM2.41%$38M11.44M
12SHAW COMMUNICATIONSCL B CONV2.10%$33M1.62M
13MFCMANULIFE FINL CORPhistory →COM2.04%$32M1.76M
14SLFSUN LIFE FINL INC.history →COM1.94%$30M735.1K
15TELUS CORP.NON -VTG1.92%$30M815.8K
16ENERPLUS CORP.COM0.94%$15M1.96M
17VZVERIZON COMMUNICATIONShistory →COM0.82%$13M226.2K
18WBAWALLGREENS BOOTS ALLIANCE INChistory →COM0.78%$12M224.0K
19GRANITE REAL ESTATE INVT TRUNIT0.48%$8M163.8K
20GLAXOSMITHKLINE PLCSPON ADR0.45%$7M178.0K
21PFEPFIZER INCCOM0.45%$7M162.6K
22JNJJOHNSON & JOHNSONCOM0.44%$7M49.3K
23FEDERAL REALTY INVT TRSH BEN INT NEW0.41%$6M49.8K
24WFCWELLS FARGO & CO NEWCOM0.40%$6M133.0K
25CSCOCISCO SYSTEMS INC.COM0.37%$6M105.0K
26BACBANK OF AMERICA CORPORATIONCOM0.37%$6M197.7K
27ROYAL DUTCH SHELLSPON ADR A0.36%$6M88.0K
28MSFTMICROSOFT CORP.COM0.36%$6M42.3K
29BROOKFIELD ASSET MGMT INC.CL A LTD VT SH0.36%$6M117.1K
30VODVODAFONE GROUP PLCSPON ADR0.34%$5M322.6K
31SAPSAP SESPON ADR0.33%$5M38.3K
32CNICANADIAN NATIONAL RAILWAY COCOM0.33%$5M55.7K
33INGING GROEP N VSPON ADR0.32%$5M429.6K
34JPMJP MORGAN CHASE & COCOM0.31%$5M43.5K
35DGDOLLAR GENERAL CORP.COM0.30%$5M35.1K
36GLWCORNING INC.COM0.30%$5M142.4K
37ZBHZIMMER BIOMET HOLDINGS INC.COM0.30%$5M40.1K
38CPTCAMDEN PROPERTY TRUSTSH BEN INT0.27%$4M40.0K
39EQIXEQUINIX INC.COM0.26%$4M8.2K
40DOWDOW INC.COM0.26%$4M82.1K
41AAPLAPPLE INC.COM0.25%$4M19.6K
42AIGAMERICAN INT'L GROUP INC.COM0.23%$4M68.6K
43ORANYORANGESPON ADR0.23%$4M228.4K
44DDDUPONT DE NEMOURS INC.COM0.23%$4M47.4K
45CCITIGROUP INC.COM0.22%$3M49.6K
46METMETLIFE INC.COM0.21%$3M78.4K
47EOGEOG RESOURCES INC.COM0.21%$3M35.7K
48WELLWELLTOWER INC.COM0.21%$3M40.2K
49LOWLOWES COS INC.COM0.21%$3M32.2K
50DVNDEVON ENERGY CORP.COM0.20%$3M112.2K
51CUBECUBESMARTCOM0.18%$3M86.4K
52AMERICAN TOWER CORPCOM0.18%$3M13.9K
53CVXCHEVRON CORP.COM0.16%$3M20.6K
54HONHONEYWELL INTL INCCOM0.16%$3M14.6K
55ORCLORACLE CORPCOM0.16%$3M44.6K
56SNYSANOFI AVENTISSPON ADR0.16%$3M58.2K
57TRNOTERRENO REALTY CORP.COM0.16%$2M50.5K
58EXMOCEXXON MOBIL CORP.COM0.16%$2M32.0K
59ABBNYABB LTD.SPON ADR0.16%$2M121.8K
60WMTWAL MART STORES INCCOM0.15%$2M21.7K
61SPGSIMON PROPERTY GROUP INC.COM0.15%$2M14.3K
62CIGICOLLIERS INTL GROUP INC.SUB VTG SH0.14%$2M24.2K
63MSMORGAN STANLEYCOM0.14%$2M48.6K
64CHINA MOBILE LIMITEDSPON ADR0.13%$2M44.0K
65INNSUMMIT HOTEL PROPERTIES INC.COM0.10%$2M143.4K
66TTENTOTAL S ASPON ADR0.10%$2M29.3K
67KOCOCA-COLA COMPANYCOM0.10%$2M32.1K
68CTVACORTEVA INC.COM0.09%$1M48.1K
69WASHINGTON PRIME GROUP NEWCOM0.08%$1M328.8K
70VETVERMILLION ENERGY INCCOM0.03%$525,00024.2K
71CTRLCONTROL4 CORPORATIONCOM0.02%$288,00012.1K
72WEYERHAEUSER COCOM0.02%$251,0009.5K
73MGAMAGNA INTL INCCOM0.01%$138,0002.8K
74SUNCOR ENERGY INCCOM0.01%$134,0004.3K
75HBMHUDBAY MINERALS INC.COM0.00%$28,0004.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$939M70May 13, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.2B71Jan 30, 202613F-HRchanges · EDGAR ↗
Q3 2025$898M69Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$905M77Jul 25, 202513F-HRchanges · EDGAR ↗
Q1 2025$787M72May 6, 202513F-HRchanges · EDGAR ↗
Q4 2024$826M73Feb 4, 202513F-HRchanges · EDGAR ↗
Q3 2024$917M72Oct 28, 202413F-HRchanges · EDGAR ↗
Q2 2024$823M72Jul 24, 202413F-HRchanges · EDGAR ↗
Q1 2024$843M73May 7, 202413F-HRchanges · EDGAR ↗
Q4 2023$824M75Feb 7, 202413F-HRchanges · EDGAR ↗
Q3 2023$827M72Nov 8, 202313F-HRchanges · EDGAR ↗
Q2 2023$868M74Aug 9, 202313F-HRchanges · EDGAR ↗
Q1 2023$880M75May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$862M71Feb 2, 202313F-HRchanges · EDGAR ↗
Q3 2022$785M68Nov 7, 202213F-HRchanges · EDGAR ↗
Q2 2022$914M70Aug 8, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.1B74May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.1B76Feb 9, 202213F-HRchanges · EDGAR ↗
Q3 2021$997M76Nov 9, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.0B77Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.0B73May 6, 202113F-HRchanges · EDGAR ↗
Q4 2020$961M77Feb 9, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.0B77Oct 29, 202013F-HRchanges · EDGAR ↗
Q2 2020$953M73Aug 10, 202013F-HRchanges · EDGAR ↗
Q1 2020$829M71May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.1B74Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.1B74Nov 5, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.6B75Aug 15, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.0B72May 16, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.