SEC 13F Intelligence

Managers / Q3 2020 · view latest →

LINCLUDEN MANAGEMENT LTD

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

Reported Value
$1.0B
Q3 2020
Positions
77
Filings on Record
29
2019–present window
Filed
Oct 29, 2020
original filing

Summary

Lincluden Management Ltd reported $1.0B in U.S.-listed holdings across 77 positions for Q3 2020.

Its largest position, RY, represents 9.6% of the portfolio.

Compared with Q2 2020, the fund opened 5 new positions and exited 1.

Portfolio Metrics

Turnover
+9.7%
vs prior filed quarter
Top-10 Concentration
+60.8%
share of reported value
Largest Position
+9.6%
Royal Bank Of Canada
New / Exited
5 / 1
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: 75.6%Other: 18.4%REIT: 3.5%ADR: 2.5%
  • Common Stock · 75.6% · $765M
  • Other · 18.4% · $186M
  • REIT · 3.5% · $36M
  • ADR · 2.5% · $25M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GOOGLALPHABET INC.NEW+2.4K2.4K+$4M$4M
EXREXTRA SPACE STORAGE INC.NEW+17.4K17.4K+$2M$2M
INNSUMMIT HOTEL PPTYS INC.NEW+179.5K179.5K+$930,000$930,000
SPGSIMON PPTY GROUP NEWNEW+12.1K12.1K+$783,000$783,000
BROOKFIELD RENEWAL CORP.NEW+708708+$41,000$41,000
SUNCOR ENERGY INCADDED+2.24M2.25M+$27M$28M
WELLWELLTOWER INC.ADDED+30.2K32.1K+$1M$2M
QSRRESTAURANT BRANDS INTL INC.ADDED+54.9K65.9K+$3M$4M

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

Holdings — Q3 2020

77 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1RYROYAL BANK OF CANADAhistory →COM9.59%$97M1.38M
2TDTORONTO DOMINION BK ONThistory →COM NEW9.55%$97M2.09M
3BCE INCCOM6.34%$64M1.55M
4ENBENBRIDGE INC.history →COM6.13%$62M2.12M
5CMCANADIAN IMPERIAL BANK OF COMMERCEhistory →COM6.10%$62M825.2K
6BNSBANK NOVA SCOTIA HALIFAXhistory →COM6.06%$61M1.48M
7TELUS CORP.NON -VTG4.68%$47M2.69M
8RCIROGERS COMMUNICATIONS INChistory →CL B4.57%$46M1.17M
9SHAW COMMUNICATIONSCL B CONV3.89%$39M2.16M
10CNICANADIAN NATIONAL RAILWAY COhistory →COM3.85%$39M366.1K
11BROOKFIELD ASSET MGMT INC.CL A LTD VT SH3.54%$36M1.08M
12MGAMAGNA INTL INChistory →COM3.30%$33M729.1K
13SLFSUN LIFE FINL INC.history →COM2.96%$30M734.1K
14SUNCOR ENERGY INCCOM2.72%$28M2.25M
15CNQCANADIAN NATURAL RESOURCES LTD.history →COM2.66%$27M1.68M
16CCLCARNIVAL CORPhistory →COM2.20%$22M150.4K
17CRGYCRESCENT POINT ENERGY CORP.history →COM1.27%$13M10.63M
18VZVERIZON COMMUNICATIONShistory →COM1.18%$12M200.0K
19CSCOCISCO SYSTEMS INC.COM0.95%$10M243.3K
20GRANITE REAL ESTATE INVT TRUNIT0.82%$8M142.4K
21WBAWALLGREENS BOOTS ALLIANCE INCCOM0.76%$8M214.2K
22DGDOLLAR TREE INC.COM0.74%$7M82.0K
23CNCCENTENE CORP. DELCOM0.71%$7M123.2K
24DOWDOW INC.COM0.71%$7M152.6K
25PFEPFIZER INCCOM0.68%$7M187.0K
26GLAXOSMITHKLINE PLCSPON ADR0.66%$7M176.6K
27MSFTMICROSOFT CORP.COM0.62%$6M29.9K
28CTVACORTEVA INC.COM0.59%$6M206.3K
29GLWCORNING INC.COM0.54%$5M169.5K
30SUISUN CMNTYS INC.COM0.51%$5M36.5K
31DGDOLLAR GENERAL CORP.COM0.50%$5M24.3K
32KRKROGER COCOM0.48%$5M142.6K
33BACBANK OF AMERICA CORPORATIONCOM0.46%$5M194.0K
34INGING GROEP N VSPON ADR0.45%$5M643.2K
35EQIXEQUINIX INC.COM0.45%$5M6.0K
36AMERICAN TOWER CORPCOM0.43%$4M17.9K
37AAPLAPPLE INC.COM0.41%$4M35.4K
38QSRRESTAURANT BRANDS INTL INC.COM0.37%$4M65.9K
39GOOGLALPHABET INC.CAP STK CL A0.35%$4M2.4K
40ORANYORANGESPON ADR0.35%$4M337.4K
41WFCWELLS FARGO & CO NEWCOM0.35%$3M148.8K
42SNYSANOFI AVENTISSPON ADR0.34%$3M68.6K
43TRNOTERRENO REALTY CORP.COM0.32%$3M58.9K
44VODVODAFONE GROUP PLCSPON ADR0.31%$3M233.9K
45DDDUPONT DE NEMOURS INC.COM0.30%$3M55.5K
46BMOBANK MONTREAL QUECOM0.30%$3M51.9K
47WMTWAL MART STORES INCCOM0.27%$3M19.8K
48ABBNYABB LTD.SPON ADR0.27%$3M108.7K
49SAPSAP SESPON ADR0.27%$3M17.4K
50FEDERAL REALTY INVT TRSH BEN INT NEW0.26%$3M36.5K
51JNJJOHNSON & JOHNSONCOM0.26%$3M17.7K
52MSMORGAN STANLEYCOM0.25%$3M52.0K
53LOWLOWES COS INC.COM0.24%$2M14.9K
54ORCLORACLE CORPCOM0.23%$2M39.0K
55MAAMID AMERICAN APT CMNTYS INC.COM0.22%$2M19.4K
56CCITIGROUP INC.COM0.21%$2M48.2K
57CPTCAMDEN PROPERTY TRUSTSH BEN INT0.20%$2M22.6K
58ROYAL DUTCH SHELLSPON ADR A0.19%$2M76.0K
59EXREXTRA SPACE STORAGE INC.COM0.18%$2M17.4K
60CIGICOLLIERS INTL GROUP INC.SUB VTG SH0.18%$2M27.5K
61TSCOTRACTOR SUPPLY COCOM0.18%$2M12.5K
62WELLWELLTOWER INC.COM0.17%$2M32.1K
63JPMJP MORGAN CHASE & COCOM0.17%$2M17.7K
64CHINA MOBILE LIMITEDSPON ADR0.15%$1M46.4K
65TTENTOTAL S ASPON ADR0.15%$1M42.9K
66CVXCHEVRON CORP.COM0.14%$1M20.1K
67COLDAMERICOLD REALTY TRUSTCOM0.14%$1M39.6K
68CVECENOVUS ENERGY INC.COM0.13%$1M350.3K
69EOGEOG RESOURCES INC.COM0.10%$999,00027.8K
70INNSUMMIT HOTEL PPTYS INC.COM0.09%$930,000179.5K
71SPGSIMON PPTY GROUP NEWCOM0.08%$783,00012.1K
72KRCKILROY RLTY CORPCOM0.07%$712,00013.7K
73AIGAMERICAN INT'L GROUP INC.COM0.06%$637,00023.1K
74GILGILDAN ACTIVEWEAR INC.COM0.05%$541,00027.5K
75ENERPLUS CORP.COM0.03%$267,000145.7K
76VETVERMILLION ENERGY INCCOM0.01%$57,00024.6K
77BROOKFIELD RENEWAL CORP.CL A SUB VTG0.00%$41,000708

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 ↗.