SEC 13F Intelligence

Managers / Q2 2020 · view latest →

LINCLUDEN MANAGEMENT LTD

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

Reported Value
$953M
Q2 2020
Positions
73
Filings on Record
29
2019–present window
Filed
Aug 10, 2020
original filing

Summary

Lincluden Management Ltd reported $953M in U.S.-listed holdings across 73 positions for Q2 2020.

Its largest position, RY, represents 9.8% of the portfolio.

Compared with Q1 2020, the fund opened 2 new positions and exited 0.

Portfolio Metrics

Turnover
+1.4%
vs prior filed quarter
Top-10 Concentration
+58.7%
share of reported value
Largest Position
+9.8%
Royal Bank Of Canada

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: 81.6%Other: 12.3%REIT: 3.2%ADR: 2.9%
  • Common Stock · 81.6% · $778M
  • Other · 12.3% · $117M
  • REIT · 3.2% · $30M
  • ADR · 2.9% · $27M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
KRCKILROY RLTY CORPNEW+13.7K13.7K+$804,000$804,000
WELLWELLTOWER INC.NEW+1.9K1.9K+$759,000$759,000
QSRRESTAURANT BRANDS INTL INC.ADDED+7.8K11.0K+$469,000$597,000
COLDAMERICOLD REALTY TRUSTTRIMMED−101.2K39.6K−$3M$1M
MAAMID AMERICAN APT CMNTYS INC.ADDED+9.3K23.0K+$1M$3M
BROOKFIELD ASSET MGMT INC.ADDED+127.5K317.5K+$2M$10M
TRNOTERRENO REALTY CORP.ADDED+21.5K58.9K+$1M$3M
GILGILDAN ACTIVEWEAR INC.ADDED+9.4K27.5K+$196,000$426,000

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

Holdings — Q2 2020

73 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1RYROYAL BANK OF CANADAhistory →COM9.81%$93M1.38M
2TDTORONTO DOMINION BK ONThistory →COM NEW9.64%$92M2.06M
3BNSBANK NOVA SCOTIA HALIFAXhistory →COM6.59%$63M1.52M
4ENBENBRIDGE INC.history →COM6.43%$61M2.01M
5BCE INCCOM6.22%$59M1.42M
6RCIROGERS COMMUNICATIONS INChistory →CL B4.93%$47M1.17M
7TELUS CORP.NON -VTG3.88%$37M2.21M
8CNQCANADIAN NATURAL RESOURCES LTD.history →COM3.78%$36M2.08M
9SHAW COMMUNICATIONSCL B CONV3.70%$35M2.16M
10CMCANADIAN IMPERIAL BANK OF COMMERCEhistory →COM3.68%$35M525.0K
11MGAMAGNA INTL INChistory →COM3.57%$34M764.3K
12BMOBANK MONTREAL QUEhistory →COM3.57%$34M638.9K
13CNICANADIAN NATIONAL RAILWAY COhistory →COM3.53%$34M379.8K
14SLFSUN LIFE FINL INC.history →COM2.86%$27M742.5K
15CVECENOVUS ENERGY INC.history →COM2.62%$25M5.33M
16CRGYCRESCENT POINT ENERGY CORP.history →COM1.82%$17M10.69M
17VZVERIZON COMMUNICATIONShistory →COM1.30%$12M225.0K
18ENERPLUS CORP.COM1.13%$11M3.82M
19BROOKFIELD ASSET MGMT INC.CL A LTD VT SH1.10%$10M317.5K
20WBAWALLGREENS BOOTS ALLIANCE INCCOM0.99%$9M223.4K
21CSCOCISCO SYSTEMS INC.COM0.88%$8M179.8K
22DGDOLLAR TREE INC.COM0.86%$8M88.3K
23GRANITE REAL ESTATE INVT TRUNIT0.80%$8M147.8K
24GLAXOSMITHKLINE PLCSPON ADR0.78%$7M182.5K
25CNCCENETENE CORP. DELCOM0.74%$7M111.2K
26DOWDOW INC.COM0.72%$7M167.6K
27MSFTMICROSOFT CORP.COM0.69%$7M32.1K
28PFEPFIZER INCCOM0.66%$6M193.0K
29CTVACORTEVA INC.COM0.60%$6M214.1K
30SUISUN CMNTYS INC.COM0.55%$5M38.5K
31KRKROGER COCOM0.54%$5M152.2K
32GLWCORNING INC.COM0.53%$5M196.1K
33BACBANK OF AMERICA CORPORATIONCOM0.51%$5M206.4K
34DGDOLLAR GENERAL CORP.COM0.50%$5M24.8K
35DDDUPONT DE NEMOURS INC.COM0.49%$5M87.9K
36EQIXEQUINIX INC.COM0.46%$4M6.2K
37INGING GROEP N VSPON ADR0.45%$4M616.1K
38ORANYORANGESPON ADR0.44%$4M353.2K
39WFCWELLS FARGO & CO NEWCOM0.43%$4M160.0K
40VODVODAFONE GROUP PLCSPON ADR0.42%$4M249.6K
41SNYSANOFI AVENTISSPON ADR0.38%$4M71.8K
42AAPLAPPLE INC.COM0.36%$3M9.3K
43LOWLOWES COS INC.COM0.34%$3M24.3K
44TRNOTERRENO REALTY CORP.COM0.33%$3M58.9K
45AMERICAN TOWER CORPCOM0.31%$3M11.3K
46SAPSAP SESPON ADR0.28%$3M19.1K
47ROYAL DUTCH SHELLSPON ADR A0.28%$3M81.6K
48FEDERAL REALTY INVT TRSH BEN INT NEW0.28%$3M31.0K
49MAAMID AMERICAN APT CMNTYS INC.COM0.28%$3M23.0K
50MSMORGAN STANLEYCOM0.28%$3M54.4K
51JNJJOHNSON & JOHNSONCOM0.27%$3M18.6K
52JPMJP MORGAN CHASE & COCOM0.27%$3M16.5K
53CCLCARNIVAL CORPCOM0.27%$3M157.4K
54CCITIGROUP INC.COM0.27%$3M50.5K
55ABBNYABB LTD.SPON ADR0.27%$3M113.9K
56WMTWAL MART STORES INCCOM0.26%$2M20.8K
57ORCLORACLE CORPCOM0.24%$2M40.8K
58CVXCHEVRON CORP.COM0.20%$2M21.2K
59CPTCAMDEN PROPERTY TRUSTSH BEN INT0.19%$2M20.1K
60TTENTOTAL S ASPON ADR0.18%$2M45.1K
61TSCOTRACTOR SUPPLY COCOM0.18%$2M13.1K
62CHINA MOBILE LIMITEDSPON ADR0.17%$2M48.7K
63CIGICOLLIERS INTL GROUP INC.SUB VTG SH0.17%$2M27.5K
64EOGEOG RESOURCES INC.COM0.16%$1M29.2K
65COLDAMERICOLD REALTY TRUSTCOM0.15%$1M39.6K
66KRCKILROY RLTY CORPCOM0.08%$804,00013.7K
67AIGAMERICAN INT'L GROUP INC.COM0.08%$792,00025.4K
68WELLWELLTOWER INC.COM0.08%$759,0001.9K
69DVNDEVON ENERGY CORP.COM0.07%$637,00056.1K
70QSRRESTAURANT BRANDS INTL INC.COM0.06%$597,00011.0K
71GILGILDAN ACTIVEWEAR INC.COM0.04%$426,00027.5K
72SUNCOR ENERGY INCCOM0.02%$189,00011.2K
73VETVERMILLION ENERGY INCCOM0.01%$109,00024.6K

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 ↗.