SEC 13F Intelligence

Managers / Q2 2022 · view latest →

LINCLUDEN MANAGEMENT LTD

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

Reported Value
$914M
Q2 2022
Positions
70
Filings on Record
29
2019–present window
Filed
Aug 8, 2022
original filing

Summary

Lincluden Management Ltd reported $914M in U.S.-listed holdings across 70 positions for Q2 2022.

Its largest position, TD, represents 9.5% of the portfolio.

Compared with Q1 2022, the fund opened 1 new position and exited 5.

Portfolio Metrics

Turnover
+0.4%
vs prior filed quarter
Top-10 Concentration
+57.2%
share of reported value
Largest Position
+9.5%
Toronto Dominion Bk Ont
New / Exited
1 / 5
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: 86.7%REIT: 5.9%Other: 5.7%ADR: 1.6%
  • Common Stock · 86.7% · $793M
  • REIT · 5.9% · $54M
  • Other · 5.7% · $52M
  • ADR · 1.6% · $15M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BXPBOSTON PROPERTIES INC.NEW+22.5K22.5K+$2M$2M
BROOKFIELD ASSET MGMT INC.ADDED+763921+$32,000$41,000
BROOKFIELD BUSINESS PARTNERS LTDADDED+7111.3K+$9,000$27,000
SHAW COMMUNICATIONSSOLD OUT−1.19M0−$37M$0
INNSUMMIT HOTEL PPTYS INC.SOLD OUT−161.0K0−$2M$0
BEPCBROOKFIELD RENEWABLE PARTNERSSOLD OUT−38.7K0−$2M$0
CVE/WSCENOVUS ENERGY INC.SOLD OUT−6.7K0−$78,000$0
BROOKFIELD BUSINESS CORPORATIONSOLD OUT−2950−$10,000$0

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

Holdings — Q2 2022

69 positions (from 70 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TDTORONTO DOMINION BK ONThistory →COM NEW9.50%$87M1.32M
2RYROYAL BANK OF CANADAhistory →COM9.25%$85M873.2K
3BCEBCE INChistory →COM5.48%$50M1.02M
4BNSBANK NOVA SCOTIA HALIFAXhistory →COM5.44%$50M839.9K
5RCIROGERS COMMUNICATIONS INChistory →CL B5.35%$49M1.02M
6CMCANADIAN IMPERIAL BANK OF COMMERCEhistory →COM5.28%$48M992.7K
7BROOKFIELD ASSET MGMT INC.CL A LTD VT SH · CLA EXCH LT VTG4.40%$40M904.3K
8PBAPEMBINA PIPELINE CORP.history →COM4.34%$40M1.12M
9SUSUNCOR ENERGY INChistory →COM NEW4.19%$38M1.09M
10TUTELUS CORP.history →COM3.96%$36M1.62M
11CNICANADIAN NATIONAL RAILWAY COhistory →COM3.84%$35M311.6K
12MGAMAGNA INTL INChistory →COM3.78%$35M629.5K
13MFCMANULIFE FINL CORP COMhistory →COM3.70%$34M1.95M
14ENBENBRIDGE INC.history →COM3.59%$33M776.5K
15PFEPFIZER INChistory →COM1.72%$16M298.9K
16VZVERIZON COMMUNICATIONShistory →COM1.17%$11M210.1K
17DLTRDOLLAR TREE INC.history →COM1.14%$10M66.9K
18ORCLORACLE CORPhistory →COM1.11%$10M145.8K
19GRANITE REAL ESTATE INVT TRUNIT1.08%$10M160.2K
20CSCOCISCO SYSTEMS INC.history →COM1.00%$9M215.2K
21WBAWALLGREENS BOOTS ALLIANCE INCCOM0.96%$9M231.9K
22GLAXOSMITHKLINE PLCSPON ADR0.92%$8M194.2K
23RMRRMR GROUP INC.CL A0.90%$8M290.0K
24FSVFIRST SERVICE CORPCOM0.86%$8M65.1K
25CNCCENTENE CORP. DELCOM0.82%$7M88.3K
26QSRRESTAURANT BRANDS INTL INC.COM0.76%$7M139.2K
27WFCWELLS FARGO & CO NEWCOM0.73%$7M171.4K
28ACTIVISION BLIZZARD INC.COM0.73%$7M86.0K
29FRTFEDERAL REALTY INVT TRSH BEN INT NEW0.73%$7M69.4K
30GIBCGI INCCL A SUB VTG0.67%$6M76.4K
31COLDAMERICOLD REALTY TRUSTCOM0.66%$6M199.5K
32KRKROGER COCOM0.62%$6M120.0K
33AVBAVALONBAY CMNTYS INC.COM0.54%$5M25.3K
34VODVODAFONE GROUP PLCSPON ADR0.52%$5M307.0K
35CPTCAMDEN PROPERTY TRUSTSH BEN INT0.50%$5M33.7K
36MSFTMICROSOFT CORP.COM0.47%$4M16.8K
37BACBANK OF AMERICA CORPORATIONCOM0.47%$4M137.7K
38DGDOLLAR GENERAL CORP.COM0.45%$4M16.6K
39INGING GROEP N VSPON ADR0.42%$4M387.6K
40SPGSIMON PPTY GROUP NEWCOM0.42%$4M40.4K
41CIGICOLLIERS INTL GROUP INC.SUB VTG SH0.41%$4M34.6K
42GOOGLALPHABET INC.CAP STK CL A0.41%$4M1.7K
43SUISUN CMNTYS INC.COM0.40%$4M23.1K
44ORANYORANGESPON ADR0.39%$4M299.0K
45EQIXEQUINIX INC.COM0.38%$3M5.2K
46GLWCORNING INC.COM0.36%$3M105.5K
47SANOFI SAADR0.34%$3M62.7K
48AREALEXANDRIA REAL ESTATE EQ INC.COM0.33%$3M20.6K
49MSMORGAN STANLEYCOM0.32%$3M38.8K
50WMTWAL MART STORES INCCOM0.32%$3M23.7K
51JNJJOHNSON & JOHNSONCOM0.31%$3M15.8K
52AMTAMERICAN TOWER CORPCOM0.31%$3M10.9K
53CVECENOVUS ENERGY INC.COM0.30%$3M145.9K
54EOGEOG RESOURCESCOM0.27%$2M22.5K
55CCITIGROUP INC.COM0.25%$2M49.5K
56WELLWELLTOWER INC.COM0.24%$2M26.6K
57BMOBANK MONTREAL QUECOM0.23%$2M21.6K
58TJXTJX COMPANIES INC.COM0.22%$2M36.7K
59TRPTC ENERGY CORP.COM0.22%$2M38.7K
60BXPBOSTON PROPERTIES INC.COM0.22%$2M22.5K
61DISDISNEY WALT COCOM0.21%$2M20.2K
62TTENTOTAL ENERGIES SESPON ADR0.20%$2M35.2K
63TSCOTRACTOR SUPPLY COCOM0.20%$2M9.4K
64TRNOTERRENO REALTY CORP.COM0.17%$2M27.6K
65TRICON RESIDENTIAL INCCOM NPV0.14%$1M128.9K
66VETVERMILLION ENERGY INCCOM0.14%$1M65.6K
67JPMJP MORGAN CHASE & COCOM0.13%$1M10.8K
68SAPSAP SESPON ADR0.11%$961,00010.6K
69BROOKFIELD BUSINESS PARTNERS LTDUNIT LP0.00%$27,0001.3K

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 ↗.