SEC 13F Intelligence

Managers / Q3 2024 · view latest →

LINCLUDEN MANAGEMENT LTD

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

Reported Value
$917M
Q3 2024
Positions
72
Filings on Record
29
2019–present window
Filed
Oct 28, 2024
original filing

Summary

Lincluden Management Ltd reported $917M in U.S.-listed holdings across 72 positions for Q3 2024.

Its largest position, RY, represents 8.3% of the portfolio.

Compared with Q2 2024, the fund opened 1 new position and exited 1.

Portfolio Metrics

Turnover
+1.3%
vs prior filed quarter
Top-10 Concentration
+53.9%
share of reported value
Largest Position
+8.3%
Royal Bank Of Canada
New / Exited
1 / 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: 90.9%REIT: 5.9%ADR: 2.6%Other: 0.7%
  • Common Stock · 90.9% · $833M
  • REIT · 5.9% · $54M
  • ADR · 2.6% · $23M
  • Other · 0.7% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SYKSTRYKER CORPNEW+2020+$7,000$7,000
DGDOLLAR GENERAL CORP.SOLD OUT−40.4K0−$5M$0
GNTXGENTEX CORP.ADDED+41.1K139.7K+$824,000$4M
GILGILDAN ACTIVEWEAR INCTRIMMED−29.6K60.9K−$566,000$3M
DISDISNEY WALT COADDED+10.3K45.9K+$876,000$4M
MGAMAGNA INTL INCADDED+146.0K800.3K+$5M$33M
GRANITE REAL ESTATE INVT TRADDED+28.3K157.8K+$3M$10M
EQIXEQUINIX INC.TRIMMED−9334.6K−$106,000$4M

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

Holdings — Q3 2024

72 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1RYROYAL BANK OF CANADAhistory →COM8.26%$76M606.2K
2TDTORONTO DOMINION BK ONThistory →COM NEW7.36%$67M1.07M
3TRPTC ENERGY CORP.history →COM6.32%$58M1.22M
4CMCANADIAN IMPERIAL BANK OF COMMERCEhistory →COM5.32%$49M795.0K
5BCEBCE INChistory →COM5.23%$48M1.38M
6BNBROOKFIELD CORPhistory →CLA LTD VTSH5.06%$46M873.1K
7BNSBANK NOVA SCOTIA HALIFAXhistory →COM4.83%$44M812.4K
8MFCMANULIFE FINL CORP COMhistory →COM4.35%$40M1.35M
9MGAMAGNA INTL INChistory →COM3.58%$33M800.3K
10PBAPEMBINA PIPELINE CORP.history →COM3.57%$33M793.5K
11TUTELUS CORP.history →COM3.55%$33M1.94M
12CNICANADIAN NATIONAL RAILWAY COhistory →COM3.53%$32M276.5K
13SUSUNCOR ENERGY INChistory →COM NEW2.56%$23M634.3K
14BIPCBROOKFIELD INFRASTRUCTURE PAhistory →LP INT UNIT2.37%$22M619.3K
15BEPCBROOKFIELD RENEWABLE PARTNERS LPhistory →PARTNERSHIP UNIT2.02%$19M656.3K
16QSRRESTAURANT BRANDS INTL INC.history →COM1.96%$18M249.2K
17ORCLORACLE CORPhistory →COM1.45%$13M78.1K
18CSCOCISCO SYSTEMS INC.history →COM1.32%$12M226.9K
19VZVERIZON COMMUNICATIONShistory →COM1.31%$12M267.2K
20PFEPFIZER INChistory →COM1.22%$11M387.1K
21GRANITE REAL ESTATE INVT TRUNIT1.04%$10M157.8K
22CIGICOLLIERS INTL GROUP INC.SUB VTG SHS0.94%$9M56.6K
23MSFTMICROSOFT CORP.COM0.92%$8M19.7K
24GOOGLALPHABET INC.CAP STK CL A0.91%$8M50.2K
25DEODIAGEO PLC-SPONS ADRSPON ADR NEW0.89%$8M58.1K
26RMRRMR GROUP INC.CL A0.80%$7M290.0K
27KRKROGER COCOM0.79%$7M126.8K
28USBUS BANCORPCOM NEW0.77%$7M154.4K
29FSVFIRST SERVICE CORPCOM0.75%$7M37.7K
30FRTFEDERAL REALTY INVT TRSH BEN INT NEW0.75%$7M59.7K
31CNCCENTENE CORP. DELCOM0.69%$6M84.6K
32BACBANK OF AMERICA CORPORATIONCOM0.67%$6M154.7K
33HDHOME DEPOTCOM0.64%$6M14.5K
34INGING GROEP N VSPON ADR0.62%$6M314.1K
35CPTCAMDEN PROPERTY TRUSTSH BEN INT0.61%$6M45.0K
36AMTAMERICAN TOWER CORPCOM0.60%$5M23.6K
37JPMJPMORGAN & CHASE & CO COMCOM0.58%$5M25.4K
38UDRUDR INC.COM0.55%$5M111.2K
39UNHUNITEDHEALTH GROUP INC COMCOM0.55%$5M8.6K
40MSMORGAN STANLEYCOM0.51%$5M44.9K
41COSTCOSTCO WHOLESALECOM0.49%$4M5.1K
42DISDISNEY WALT COCOM0.48%$4M45.9K
43GLWCORNING INC.COM0.46%$4M93.7K
44EOGEOG RESOURCESCOM0.46%$4M34.4K
45GIBCGI INCCL A SUB VTG0.46%$4M36.4K
46WMTWAL MART STORES INCCOM0.46%$4M51.7K
47GNTXGENTEX CORP.PUT0.45%$4M139.7K
48EQIXEQUINIX INC.COM0.44%$4M4.6K
49SANOFI SAADR0.42%$4M66.4K
50TSCOTRACTOR SUPPLY COCOM0.40%$4M12.5K
51CNQCANADIAN NAT RES LTDCOM0.39%$4M108.4K
52ORANYORANGESPON ADR0.36%$3M290.2K
53WELLWELLTOWER INC.COM0.35%$3M25.0K
54EXREXTRA SPACE STORAGE INC.COM0.35%$3M17.8K
55TRNOTERRENO REALTY CORP.COM0.34%$3M47.3K
56COLDAMERICOLD REALTY TRUSTCOM0.33%$3M107.9K
57TJXTJX COMPANIES INC.COM0.33%$3M25.6K
58AVBAVALONBAY CMNTYS INC.COM0.32%$3M13.1K
59CCITIGROUP INC.COM0.32%$3M47.2K
60GILGILDAN ACTIVEWEAR INCCOM0.31%$3M60.9K
61GSKGSK PLCSPONSORED ADR0.29%$3M66.0K
62VETVERMILLION ENERGY INCCOM0.29%$3M273.9K
63RCIROGERS COMMUNICATIONS INCCL B0.29%$3M65.8K
64WBAWALLGREENS BOOTS ALLIANCE INCCOM0.26%$2M264.6K
65BROOKFIELD RENEWABLECL A SUB VTG0.26%$2M72.1K
66JNJJOHNSON & JOHNSONCOM0.25%$2M13.9K
67TTENTOTAL ENERGIES SESPON ADR0.23%$2M32.9K
68SPGSIMON PPTY GROUP NEWCOM0.21%$2M11.1K
69SAPSAP SESPON ADR0.16%$1M6.5K
70CVECENOVUS ENERGY INC.COM0.04%$331,00019.8K
71BAMBROOKFIELD ASSET MGMT-ACL A LMT VTG0.03%$273,0005.8K
72SYKSTRYKER CORPCOM0.00%$7,00020

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 ↗.