SEC 13F Intelligence

Managers / Q2 2021 · view latest →

LINCLUDEN MANAGEMENT LTD

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

Reported Value
$1.0B
Q2 2021
Positions
77
Filings on Record
29
2019–present window
Filed
Aug 12, 2021
original filing

Summary

Lincluden Management Ltd reported $1.0B in U.S.-listed holdings across 77 positions for Q2 2021.

Its largest position, TD, represents 9.0% of the portfolio.

Compared with Q1 2021, the fund opened 7 new positions and exited 3.

Portfolio Metrics

Turnover
+10.3%
vs prior filed quarter
Top-10 Concentration
+55.6%
share of reported value
Largest Position
+9.0%
Toronto Dominion Bk Ont
New / Exited
7 / 3
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: 83.2%REIT: 7.7%Other: 6.6%ADR: 2.4%
  • Common Stock · 83.2% · $867M
  • REIT · 7.7% · $81M
  • Other · 6.6% · $69M
  • ADR · 2.4% · $26M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BCEBCE INCNEW+1.19M1.19M+$59M$59M
BROOKFIELD PPTY PARTNERSNEW+1.32M1.32M+$25M$25M
FSVFIRST SERVICE CORPNEW+54.9K54.9K+$9M$9M
BEPCBROOKFIELD RENEWABLE PARTNERSNEW+38.7K38.7K+$1M$1M
TRPTC ENERGY CORP.NEW+8.3K8.3K+$411,000$411,000
BROOKFIELD ASSET MGMT INC.NEW+4.8K4.8K+$254,000$254,000
BROOKFIELD BUSINESS PARTNERS LTDNEW+955955+$44,000$44,000
BCE INCSOLD OUT−1.17M0−$53M$0

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

Holdings — Q2 2021

76 positions (from 77 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TDTORONTO DOMINION BK ONThistory →COM NEW8.98%$94M1.34M
2RYROYAL BANK OF CANADAhistory →COM8.94%$93M919.8K
3BCEBCE INChistory →COM5.64%$59M1.19M
4CMCANADIAN IMPERIAL BANK OF COMMERCEhistory →COM5.61%$59M514.1K
5BNSBANK NOVA SCOTIA HALIFAXhistory →COM5.44%$57M871.4K
6SHAW COMMUNICATIONSCL B CONV4.79%$50M1.72M
7RCIROGERS COMMUNICATIONS INChistory →CL B4.58%$48M898.8K
8TUTELUS CORP.history →COM4.44%$46M2.07M
9MGAMAGNA INTL INChistory →COM3.74%$39M421.1K
10BROOKFIELD ASSET MGMT INC.CL A LTD VT SH · CLA EXCH LT VTG3.45%$36M705.1K
11ENBENBRIDGE INC.history →COM3.41%$36M888.8K
12CNQCANADIAN NATURAL RESOURCES LTD.history →COM3.03%$32M870.2K
13SUSUNCOR ENERGY INChistory →COM NEW2.92%$30M1.27M
14CNICANADIAN NATIONAL RAILWAY COhistory →COM2.77%$29M273.2K
15BROOKFIELD PPTY PARTNERSLP UNIT2.39%$25M1.32M
16SLFSUN LIFE FINL INC.history →COM2.20%$23M445.2K
17PFEPFIZER INChistory →COM1.35%$14M358.6K
18VZVERIZON COMMUNICATIONShistory →COM1.16%$12M215.3K
19ORCLORACLE CORPhistory →COM1.15%$12M154.6K
20GRANITE REAL ESTATE INVT TRUNIT1.15%$12M179.7K
21CSCOCISCO SYSTEMS INC.history →COM1.12%$12M219.5K
22WBAWALLGREENS BOOTS ALLIANCE INChistory →COM1.09%$11M215.6K
23FEDERAL REALTY INVT TRSH BEN INT NEW1.00%$10M88.9K
24FSVFIRST SERVICE CORPCOM0.90%$9M54.9K
25WFCWELLS FARGO & CO NEWCOM0.87%$9M200.3K
26GLAXOSMITHKLINE PLCSPON ADR0.79%$8M205.6K
27CNCCENTENE CORP. DELCOM0.70%$7M99.9K
28WELLWELLTOWER INC.COM0.69%$7M86.0K
29SUISUN CMNTYS INC.COM0.61%$6M37.1K
30BACBANK OF AMERICA CORPORATIONCOM0.61%$6M153.2K
31DLTRDOLLAR TREE INC.COM0.59%$6M61.8K
32GIBCGI INC.CL A SV0.59%$6M67.5K
33INGING GROEP N VSPON ADR0.56%$6M442.6K
34TRNOTERRENO REALTY CORP.COM0.52%$5M83.4K
35CIGICOLLIERS INTL GROUP INC.SUB VTG SH0.52%$5M48.0K
36KRKROGER COCOM0.51%$5M137.5K
37MSFTMICROSOFT CORP.COM0.48%$5M18.6K
38CPTCAMDEN PROPERTY TRUSTSH BEN INT0.48%$5M37.4K
39GLWCORNING INC.COM0.47%$5M119.0K
40EXREXTRA SPACE STORAGE INC.COM0.45%$5M28.9K
41GOOGLALPHABET INC.CAP STK CL A0.45%$5M1.9K
42SPGSIMON PPTY GROUP NEWCOM0.45%$5M35.6K
43SL GREEN RLTY CORPCOM0.43%$5M56.3K
44BABAALIBABA GROUP HOLDINGSSPON ADR0.42%$4M19.2K
45AMTAMERICAN TOWER CORPCOM0.42%$4M16.1K
46COLDAMERICOLD REALTY TRUSTCOM0.42%$4M114.4K
47KRCKILROY RLTY CORPCOM0.40%$4M60.4K
48MSMORGAN STANLEYCOM0.39%$4M44.0K
49DGDOLLAR GENERAL CORP.COM0.39%$4M18.6K
50WMTWAL MART STORES INCCOM0.38%$4M28.1K
51QSRRESTAURANT BRANDS INTL INC.COM0.35%$4M56.4K
52CCLCARNIVAL CORPCOM0.32%$3M128.4K
53ORANYORANGESPON ADR0.32%$3M287.1K
54INNSUMMIT HOTEL PPTYS INC.COM0.31%$3M344.2K
55VODVODAFONE GROUP PLCSPON ADR0.30%$3M182.9K
56SNYSANOFI AVENTISSPON ADR0.29%$3M58.1K
57CCITIGROUP INC.COM0.28%$3M40.7K
58DISDISNEY WALT COCOM0.25%$3M15.0K
59LOWLOWES COS INC.COM0.24%$2M12.7K
60JNJJOHNSON & JOHNSONCOM0.23%$2M14.8K
61ROYAL DUTCH SHELLSPON ADR A0.23%$2M60.0K
62EQIXEQUINIX INC.COM0.23%$2M3.0K
63EOGEOG RESOURCES INC.COM0.20%$2M24.7K
64TSCOTRACTOR SUPPLY COCOM0.19%$2M10.6K
65MAAMID AMERICAN APT CMNTYS INC.COM0.19%$2M11.5K
66JPMJP MORGAN CHASE & COCOM0.18%$2M11.9K
67BMOBANK MONTREAL QUECOM0.17%$2M17.3K
68CVECENOVUS ENERGY INC.COM0.17%$2M184.9K
69TTENTOTAL ENERGIES SESPON ADR0.17%$2M38.3K
70TJXTJX COMPANIES INC.COM0.16%$2M25.0K
71SAPSAP SESPON ADR0.16%$2M11.8K
72BEPCBROOKFIELD RENEWABLE PARTNERSLP UNIT0.14%$1M38.7K
73GILGILDAN ACTIVEWEAR INC.COM0.06%$623,00016.9K
74TRPTC ENERGY CORP.COM0.04%$411,0008.3K
75VETVERMILLION ENERGY INCCOM0.02%$189,00021.5K
76BROOKFIELD BUSINESS PARTNERS LTDUNIT LP0.00%$44,000955

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 ↗.