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Asset Manager ← All Institutions

LINCLUDEN MANAGEMENT LTD

Q2 2025 · Filed 2025-07-25
Market Value
$896M
+15.1%
Holdings
73
+2
New Purchases
5
Added To
9
Closed
0
Reduced
57
Top 10 Concentration
49.4%
Turnover
6.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NTR 3.85% 0.00% +3.85% $34M
CNQ 2.62% 0.45% +2.18% $23M
QSR 3.42% 2.19% +1.24% $31M
TMO 0.62% 0.00% +0.62% $6M
J 0.54% 0.00% +0.54% $5M
ULTA 0.39% 0.00% +0.39% $3M
SUI 0.32% 0.00% +0.32% $3M
MGA 3.11% 2.87% +0.23% $28M
CM 3.43% 3.20% +0.23% $31M
MSFT 1.04% 0.92% +0.12% $9M
RCI 0.33% 0.27% +0.06% $3M
GIB 0.60% 0.56% +0.04% $5M
TRNO 0.26% 0.23% +0.03% $2M
ORCL 1.28% 1.26% +0.02% $11M
C 0.42% 0.41% +0.01% $4M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TRP 4.83% 6.14% -1.31% $43M
BCE 4.59% 5.59% -1.00% $41M
TD 8.21% 9.10% -0.89% $74M
RY 7.28% 7.86% -0.58% $65M
SU 2.53% 3.08% -0.55% $23M
KR 0.25% 0.76% -0.51% $2M
MFC 3.34% 3.83% -0.49% $30M
PBA 3.60% 3.90% -0.30% $32M
VZ 1.23% 1.50% -0.27% $11M
CNI 4.84% 5.10% -0.26% $43M
COLD 0.14% 0.38% -0.24% $1M
PFE 1.12% 1.35% -0.23% $10M
BXP 0.16% 0.33% -0.17% $1M
FRT 0.83% 0.99% -0.16% $7M
TU 3.42% 3.58% -0.16% $31M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 18 $168M 18.7%
Large Cap 45 $695M 77.5%
Mid Cap 8 $27M 3.0%
Small Cap 2 $7M 0.8%

Portfolio Analytics

Avg Market Cap
$237.7B
Median Market Cap
$73.8B
Avg P/E
28.2
Median P/E
20.5
Avg Dividend Yield
0.03%
Avg Beta
0.86
# Stocks
73
# ETFs / Funds
0

Top Holdings (73 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 TD 8.21% 1,001,139 $74M $73.49 $3M -181,184 -15.3%
2 RY 7.28% 495,708 $65M $131.67 $4M -47,639 -8.8%
3 CNI 4.84% 417,087 $43M $104.10 $4M +8,865 +2.2%
4 TRP 4.83% 887,602 $43M $48.78 -$5M -124,678 -12.3%
5 BNS 4.71% 764,860 $42M $55.25 $5M -17,194 -2.2%
6 BCE 4.59% 1,857,687 $41M $22.16 -$2M -39,397 -2.1%
7 BN 4.08% 591,215 $37M $61.84 $4M -35,343 -5.6%
8 NTR 3.85% 592,028 $34M $58.22 +592,028 NEW
9 PBA 3.60% 859,879 $32M $37.51 $2M +100,472 +13.2%
10 CM 3.43% 433,144 $31M $70.92 $6M -9,219 -2.1%
11 TU 3.42% 1,912,479 $31M $16.05 $3M -30,113 -1.6%
12 QSR 3.42% 462,958 $31M $66.27 $14M +207,618 +81.3%
13 MFC 3.34% 938,330 $30M $31.94 $131K -19,395 -2.0%
14 MGA 3.11% 721,107 $28M $38.62 $5M +62,697 +9.5%
15 CNQ 2.62% 748,302 $23M $31.40 $20M +635,393 +562.8%
16 SU 2.53% 605,589 $23M $37.42 -$1M -12,671 -2.0%
17 BIP 2.15% 576,851 $19M $33.47 $2M -13,432 -2.3%
18 BEP 1.89% 663,452 $17M $25.47 $2M -18,457 -2.7%
19 CSCO 1.49% 192,283 $13M $69.38 $1M -519 -0.3%
20 ORCL 1.28% 52,460 $11M $218.62 $2M -17,737 -25.3%
21 VZ 1.23% 255,529 $11M $43.27 -$650K -2,551 -1.0%
22 PFE 1.12% 413,558 $10M $24.24 -$503K -1,896 -0.5%
23 MSFT 1.04% 18,795 $9M $497.42 $2M -297 -1.6%
24 AMT 1.00% 40,400 $9M $221.01 $100K -176 -0.4%
25 GOOGL 0.98% 49,869 $9M $176.22 $1M -289 -0.6%
26 FSV 0.85% 43,470 $8M $174.35 $870K +3,011 +7.4%
27 FRT 0.83% 78,625 $7M $95.00 -$259K -375 -0.5%
28 USB 0.74% 146,272 $7M $45.25 $332K -2,627 -1.8%
29 BAC 0.74% 139,297 $7M $47.32 $470K -7,397 -5.0%
30 CIGI 0.67% 38,427 $6M $156.82 -$220K -13,184 -25.5%
31 DEO 0.65% 58,026 $6M $100.83 -$279K -472 -0.8%
32 JPM 0.62% 19,190 $6M $289.89 -$427K -5,230 -21.4%
33 TMO 0.62% 13,628 $6M $405.49 +13,628 NEW
34 GIB 0.60% 42,450 $5M $125.84 $979K -1,255 -2.9%
35 ING 0.58% 238,040 $5M $21.87 $346K -10,021 -4.0%
36 WMT 0.57% 52,685 $5M $97.79 $499K -320 -0.6%
37 HD 0.57% 13,883 $5M $366.64 -$60K -170 -1.2%
38 J 0.54% 37,002 $5M $131.45 +37,002 NEW
39 DIS 0.54% 38,821 $5M $124.01 $351K -6,400 -14.2%
40 RMR 0.53% 290,000 $5M $16.35 -$87K
41 COST 0.53% 4,775 $5M $989.95 $132K -83 -1.7%
42 MS 0.51% 32,386 $5M $140.86 $275K -4,355 -11.8%
43 UNH 0.50% 14,408 $4M $311.98 $135K +6,084 +73.1%
44 CNC 0.48% 78,973 $4M $54.28 -$589K -1,339 -1.7%
45 EOG 0.44% 33,220 $4M $119.60 -$362K -584 -1.7%
46 C 0.42% 44,260 $4M $85.11 $574K -725 -1.6%
47 WELL 0.41% 23,650 $4M $153.74 -$1K -91 -0.4%
48 ORAN 0.40% 238,840 $4M $15.16 -$71K -46,080 -16.2%
49 ULTA 0.39% 7,391 $3M $467.87 +7,391 NEW
50 GLW 0.38% 64,379 $3M $52.59 $404K -756 -1.2%
51 GNTX 0.36% 147,097 $3M $21.99 -$218K -1,096 -0.7%
52 SHEL 0.35% 44,138 $3M $70.42 -$180K -736 -1.6%
53 GIL 0.35% 62,974 $3M $49.24 $284K -728 -1.1%
54 TSCO 0.35% 58,680 $3M $52.78 -$173K -668 -1.1%
55 CPT 0.34% 26,705 $3M $112.68 -$273K -127 -0.5%
56 RCI 0.33% 100,811 $3M $29.64 $865K +21,304 +26.8%
57 SUI 0.32% 22,478 $3M $126.48 +22,478 NEW
58 TJX 0.31% 22,835 $3M $123.49 -$198K -1,943 -7.8%
59 AVB 0.28% 12,433 $3M $203.49 -$146K -37 -0.3%
60 EXR 0.28% 16,794 $2M $147.43 -$28K -72 -0.4%
61 GSK 0.27% 62,020 $2M $38.41 $146K -4,108 -6.2%
62 TRNO 0.26% 41,251 $2M $56.07 $548K +13,332 +47.8%
63 KR 0.25% 30,610 $2M $71.74 -$4M -56,332 -64.8%
64 BEPC 0.23% 63,008 $2M $32.74 $210K -3,370 -5.1%
65 EQIX 0.23% 2,585 $2M $795.36 -$61K -12 -0.5%
66 VET 0.23% 278,465 $2M $7.29 -$273K -6,106 -2.1%
67 JNJ 0.22% 13,098 $2M $152.77 -$216K -269 -2.0%
68 TTE 0.21% 30,934 $2M $61.39 -$135K -509 -1.6%
69 SPG 0.19% 10,519 $2M $160.76 -$63K -43 -0.4%
70 SAP 0.17% 5,106 $2M $304.15 $165K -64 -1.2%
71 BXP 0.16% 21,246 $1M $67.45 -$1M -17,422 -45.1%
72 COLD 0.14% 77,246 $1M $16.64 -$2M -60,978 -44.1%
73 CVE 0.04% 19,800 $323K $16.31 $48K

New Positions

SymbolValue% Port
NTR $34M 3.85%
TMO $6M 0.62%
J $5M 0.54%
ULTA $3M 0.39%
SUI $3M 0.32%
View SEC EDGAR Filings for LINCLUDEN MANAGEMENT LTD →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms