Q3 2025 · 13F-HR
LINCLUDEN MANAGEMENT LTDholdings as filed
Filed 2025-11-14 · accession 0001140361-25-042212
$898,284
Reported value
69
Positions
2025-09-30
Period end
The Brief · LINCLUDEN MANAGEMENT LTD · Q3 2025
AI · grounded in 13F
LINCLUDEN MANAGEMENT LTD established a new position in TD valued at $72,064. The fund also initiated new stakes in RY for $65,020 and BCE for $45,238. Additional new positions include BNS, TRP, and QSR. The fund ended the period with 69 positions and total AUM of $898,284.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 891160509 | TD | TORONTO DOMINION BK ONT | $72,064 | 8.02% | 906,632 | Common | SOLE |
| 780087102 | RY | ROYAL BANK OF CANADA | $65,020 | 7.24% | 443,782 | Common | SOLE |
| 05534B760 | BCE | BCE INC | $45,238 | 5.04% | 1,947,511 | Common | SOLE |
| 064149107 | BNS | BANK NOVA SCOTIA HALIFAX | $44,892 | 5.00% | 698,397 | Common | SOLE |
| 87807B107 | TRP | TC ENERGY CORP. | $44,640 | 4.97% | 825,906 | Common | SOLE |
| 76131D103 | QSR | RESTAURANT BRANDS INTL INC. | $43,223 | 4.81% | 484,125 | Common | SOLE |
| 136375102 | CNI | CANADIAN NATIONAL RAILWAY CO | $40,717 | 4.53% | 434,344 | Common | SOLE |
| 706327103 | PBA | PEMBINA PIPELINE CORP. | $37,295 | 4.15% | 927,892 | Common | SOLE |
| 11271J107 | BN | BROOKFIELD CORP | $36,107 | 4.02% | 529,379 | Common | SOLE |
| 67077M108 | NTR | NUTRIEN LTD. | $31,599 | 3.52% | 541,282 | Common | SOLE |
| 559222401 | MGA | MAGNA INTL INC | $31,517 | 3.51% | 669,153 | Common | SOLE |
| 136069101 | CM | CANADIAN IMPERIAL BANK OF COMMERCE | $30,651 | 3.41% | 385,862 | Common | SOLE |
| 56501R106 | MFC | MANULIFE FINL CORP COM | $26,683 | 2.97% | 861,530 | Common | SOLE |
| 87971M103 | TU | TELUS CORP. | $25,999 | 2.89% | 1,660,506 | Common | SOLE |
| 867224107 | SU | SUNCOR ENERGY INC | $23,201 | 2.58% | 557,712 | Common | SOLE |
| 136385101 | CNQ | CANADIAN NAT RES LTD | $22,253 | 2.48% | 700,082 | Common | SOLE |
| G16258108 | BEP | BROOKFIELD RENEWABLE PARTNERS LP | $15,407 | 1.72% | 601,344 | Common | SOLE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS | $11,194 | 1.25% | 254,696 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC. | $10,655 | 1.19% | 43,831 | Common | SOLE |
| 717081103 | PFE | PFIZER INC | $10,498 | 1.17% | 412,028 | Common | SOLE |
| 17275R102 | CSCO | CISCO SYSTEMS INC. | $10,076 | 1.12% | 147,274 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP. | $9,683 | 1.08% | 18,694 | Common | SOLE |
| 526057104 | LEN | LENNAR CORP | $8,327 | 0.93% | 66,066 | Common | SOLE |
| 03027X100 | AMT | AMERICAN TOWER CORP | $7,919 | 0.88% | 41,175 | Common | SOLE |
| 33767E202 | FSV | FIRST SERVICE CORP | $7,781 | 0.87% | 41,080 | Common | SOLE |
| 803054204 | SAP | SAP SE | $7,332 | 0.82% | 27,439 | Common | SOLE |
| 883556102 | TMO | THERMO FISHER | $7,154 | 0.80% | 14,749 | Common | SOLE |
| 060505104 | BAC | BANK OF AMERICA CORPORATION | $7,144 | 0.80% | 138,471 | Common | SOLE |
| 902973304 | USB | US BANCORP | $7,021 | 0.78% | 145,272 | Common | SOLE |
| 46982L108 | J | JACOBS SOLUTIONS INC. | $6,361 | 0.71% | 42,445 | Common | SOLE |
| 194693107 | CIGI | COLLIERS INTL GROUP INC. | $6,357 | 0.71% | 40,891 | Common | SOLE |
| 387437205 | GRTUF | GRANITE REAL ESTATE INVT TR | $6,194 | 0.69% | 112,144 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN & CHASE & CO COM | $6,024 | 0.67% | 19,098 | Common | SOLE |
| 456837103 | ING | ING GROEP N V | $5,927 | 0.66% | 227,259 | Common | SOLE |
| 437076102 | HD | HOME DEPOT | $5,589 | 0.62% | 13,794 | Common | SOLE |
| 25243Q205 | DEO | DIAGEO PLC-SPONS ADR | $5,519 | 0.61% | 57,835 | Common | SOLE |
| 931142103 | WMT | WAL MART STORES INC | $5,376 | 0.60% | 52,164 | Common | SOLE |
| 219350105 | GLW | CORNING INC. | $5,250 | 0.58% | 63,998 | Common | SOLE |
| 617446448 | MS | MORGAN STANLEY | $5,110 | 0.57% | 32,146 | Common | SOLE |
| 22160K105 | COST | COSTCO WHOLESALE | $5,028 | 0.56% | 5,432 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC COM | $4,945 | 0.55% | 14,322 | Common | SOLE |
| 29444U700 | EQIX | EQUINIX INC. | $4,568 | 0.51% | 2,585 | Common | SOLE |
| 26875P101 | EOG | EOG RESOURCES | $4,568 | 0.51% | 40,739 | Common | SOLE |
| 74967R106 | RMR | RMR GROUP INC. | $4,562 | 0.51% | 290,000 | Common | SOLE |
| 172967424 | C | CITIGROUP INC. | $4,463 | 0.50% | 43,968 | Common | SOLE |
| 12532H104 | GIB | CGI INC | $4,460 | 0.50% | 50,371 | Common | SOLE |
| 95040Q104 | WELL | WELLTOWER INC. | $4,213 | 0.47% | 23,650 | Common | SOLE |
| 371901109 | GNTX | GENTEX CORP. | $4,137 | 0.46% | 146,168 | Common | SOLE |
| 90384S303 | ULTA | ULTA BEAUTY INC. | $4,014 | 0.45% | 7,342 | Common | SOLE |
| 313745101 | FRT | FEDERAL REALTY INVT TR | $4,011 | 0.45% | 39,591 | Common | SOLE |
| 80108N105 | — | SANOFI SA | $3,782 | 0.42% | 80,117 | Common | SOLE |
| 375916103 | GIL | GILDAN ACTIVEWEAR INC | $3,652 | 0.41% | 63,594 | Common | SOLE |
| 88146M101 | TRNO | TERRENO REALTY CORP. | $3,527 | 0.39% | 62,157 | Common | SOLE |
| 775109200 | RCI | ROGERS COMMUNICATIONS INC | $3,487 | 0.39% | 101,894 | Common | SOLE |
| 254687106 | DIS | DISNEY WALT CO | $3,429 | 0.38% | 29,947 | Common | SOLE |
| 892356106 | TSCO | TRACTOR SUPPLY CO | $3,319 | 0.37% | 58,363 | Common | SOLE |
| 872540109 | TJX | TJX COMPANIES INC. | $3,274 | 0.36% | 22,649 | Common | SOLE |
| 780259305 | SHEL | SHELL PLC | $3,144 | 0.35% | 43,956 | Common | SOLE |
| 866674104 | SUI | SUN CMNTYS INC | $2,900 | 0.32% | 22,478 | Common | SOLE |
| 053484101 | AVB | AVALONBAY CMNTYS INC. | $2,813 | 0.31% | 14,565 | Common | SOLE |
| 37733W204 | GSK | GSK PLC | $2,653 | 0.30% | 61,480 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $2,401 | 0.27% | 12,950 | Common | SOLE |
| 30225T102 | EXR | EXTRA SPACE STORAGE INC. | $2,367 | 0.26% | 16,794 | Common | SOLE |
| 11285B108 | BEPC | BROOKFIELD RENEWABLE | $2,152 | 0.24% | 62,884 | Common | SOLE |
| 828806109 | SPG | SIMON PPTY GROUP NEW | $1,974 | 0.22% | 10,519 | Common | SOLE |
| 48666K109 | KBH | KB HOME | $1,965 | 0.22% | 30,884 | Common | SOLE |
| 89151E109 | TTEN | TOTAL ENERGIES SE | $1,835 | 0.20% | 30,745 | Common | SOLE |
| 101121101 | BXP | BXP INC. | $1,579 | 0.18% | 21,246 | Common | SOLE |
| G17434104 | BNT | BROOKFIELD WEALTH SOLUTIONS | $65 | 0.01% | 959 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.