Q4 2025 · 13F-HR
LINCLUDEN MANAGEMENT LTDholdings as filed
Filed 2026-01-30 · accession 0001140361-26-002932
$1.2M
Reported value
71
Positions
2025-12-31
Period end
The Brief · LINCLUDEN MANAGEMENT LTD · Q4 2025
AI · grounded in 13F
LINCLUDEN MANAGEMENT LTD reduced its position in SUN CMNTYS INC SUI by 40.355%. The fund established a new position in BROOKFIELD INFRAST PARTNERS BIP valued at $30,685. Other activity included trimming holdings in MICROSOFT CORP. MSFT by 9.0778% and HOME DEPOT HD by 9.0619%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 891160509 | TD | TORONTO DOMINION BK ONT | $107,289 | 9.11% | 829,383 | Common | SOLE |
| 780087102 | RY | ROYAL BANK OF CANADA | $99,975 | 8.49% | 427,261 | Common | SOLE |
| 064149107 | BNS | BANK NOVA SCOTIA HALIFAX | $67,942 | 5.77% | 671,166 | Common | SOLE |
| 05534B760 | BCE | BCE INC | $61,728 | 5.24% | 1,885,402 | Common | SOLE |
| 87807B107 | TRP | TC ENERGY CORP. | $59,980 | 5.10% | 793,599 | Common | SOLE |
| 136375102 | CNI | CANADIAN NATIONAL RAILWAY CO | $56,896 | 4.83% | 419,122 | Common | SOLE |
| 11271J107 | BN | BROOKFIELD CORP | $48,108 | 4.09% | 763,376 | Common | SOLE |
| 559222401 | MGA | MAGNA INTL INC | $47,020 | 3.99% | 642,618 | Common | SOLE |
| 706327103 | PBA | PEMBINA PIPELINE CORP. | $46,756 | 3.97% | 894,163 | Common | SOLE |
| 67077M108 | NTR | NUTRIEN LTD. | $43,959 | 3.73% | 518,869 | Common | SOLE |
| 76131D103 | QSR | RESTAURANT BRANDS INTL INC. | $43,754 | 3.72% | 467,154 | Common | SOLE |
| 136069101 | CM | CANADIAN IMPERIAL BANK OF COMMERCE | $40,987 | 3.48% | 329,398 | Common | SOLE |
| 56501R106 | MFC | MANULIFE FINL CORP COM | $34,645 | 2.94% | 695,123 | Common | SOLE |
| 87971M103 | TU | TELUS CORP. | $32,957 | 2.80% | 1,821,826 | Common | SOLE |
| 867224107 | SU | SUNCOR ENERGY INC | $32,672 | 2.78% | 536,309 | Common | SOLE |
| 136385101 | CNQ | CANADIAN NAT RES LTD | $31,312 | 2.66% | 673,512 | Common | SOLE |
| G16252101 | BIP | BROOKFIELD INFRAST PARTNERS | $30,685 | 2.61% | 643,160 | Common | SOLE |
| G16258108 | BEP | BROOKFIELD RENEWABLE PARTNERS LP | $21,337 | 1.81% | 575,275 | Common | SOLE |
| 17275R102 | CSCO | CISCO SYSTEMS INC. | $10,862 | 0.92% | 141,007 | Common | SOLE |
| 33767E202 | FSV | FIRST SERVICE CORP | $10,010 | 0.85% | 46,898 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC. | $9,854 | 0.84% | 31,483 | Common | SOLE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS | $9,839 | 0.84% | 241,578 | Common | SOLE |
| 717081103 | PFE | PFIZER INC | $9,691 | 0.82% | 389,203 | Common | SOLE |
| 387437205 | GRTUF | GRANITE REAL ESTATE INVT TR | $9,163 | 0.78% | 112,144 | Common | SOLE |
| 25243Q205 | DEO | DIAGEO PLC-SPONS ADR | $8,602 | 0.73% | 99,706 | Common | SOLE |
| 194693107 | CIGI | COLLIERS INTL GROUP INC. | $8,249 | 0.70% | 40,891 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP. | $8,220 | 0.70% | 16,997 | Common | SOLE |
| 526057104 | LEN | LENNAR CORP | $7,187 | 0.61% | 69,917 | Common | SOLE |
| 902973304 | USB | US BANCORP | $7,067 | 0.60% | 132,444 | Common | SOLE |
| 103310108 | BGSI | BOYD GROUP SERVICES INC | $6,972 | 0.59% | 31,892 | Common | SOLE |
| 060505104 | BAC | BANK OF AMERICA CORPORATION | $6,963 | 0.59% | 126,604 | Common | SOLE |
| 03027X100 | AMT | AMERICAN TOWER CORP | $6,936 | 0.59% | 39,510 | Common | SOLE |
| 46982L108 | J | JACOBS SOLUTIONS INC. | $6,676 | 0.57% | 50,397 | Common | SOLE |
| 803054204 | SAP | SAP SE | $6,658 | 0.57% | 27,410 | Common | SOLE |
| 883556102 | TMO | THERMO FISHER | $6,515 | 0.55% | 11,243 | Common | SOLE |
| 12532H104 | GIB | CGI INC | $6,303 | 0.54% | 49,716 | Common | SOLE |
| 456837103 | ING | ING GROEP N V | $5,832 | 0.50% | 208,280 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN & CHASE & CO COM | $5,699 | 0.48% | 17,687 | Common | SOLE |
| 375916103 | GIL | GILDAN ACTIVEWEAR INC | $5,328 | 0.45% | 62,103 | Common | SOLE |
| 775109200 | RCI | ROGERS COMMUNICATIONS INC | $5,162 | 0.44% | 99,632 | Common | SOLE |
| 219350105 | GLW | CORNING INC. | $5,118 | 0.43% | 58,455 | Common | SOLE |
| 617446448 | MS | MORGAN STANLEY | $4,691 | 0.40% | 26,422 | Common | SOLE |
| 931142103 | WMT | WALMART INC | $4,652 | 0.40% | 41,755 | Common | SOLE |
| 172967424 | C | CITIGROUP INC. | $4,576 | 0.39% | 39,216 | Common | SOLE |
| 26875P101 | EOG | EOG RESOURCES | $4,568 | 0.39% | 40,739 | Common | SOLE |
| 22160K105 | COST | COSTCO WHOLESALE | $4,362 | 0.37% | 5,058 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC COM | $4,324 | 0.37% | 13,099 | Common | SOLE |
| 74967R106 | RMR | RMR GROUP INC. | $4,321 | 0.37% | 290,000 | Common | SOLE |
| 437076102 | HD | HOME DEPOT | $4,316 | 0.37% | 12,544 | Common | SOLE |
| 313745101 | FRT | FEDERAL REALTY INVT TR | $3,991 | 0.34% | 39,591 | Common | SOLE |
| 254687106 | DIS | DISNEY WALT CO | $3,986 | 0.34% | 37,955 | Common | SOLE |
| 88146M101 | TRNO | TERRENO REALTY CORP. | $3,649 | 0.31% | 62,157 | Common | SOLE |
| 95040Q104 | WELL | WELLTOWER INC. | $3,577 | 0.30% | 19,273 | Common | SOLE |
| 80108N105 | — | SANOFI SA | $3,554 | 0.30% | 73,340 | Common | SOLE |
| 37733W204 | GSK | GSK PLC | $3,533 | 0.30% | 100,877 | Common | SOLE |
| 872540109 | TJX | TJX COMPANIES INC. | $3,108 | 0.26% | 20,232 | Common | SOLE |
| 90384S303 | ULTA | ULTA BEAUTY INC. | $3,106 | 0.26% | 5,133 | Common | SOLE |
| 371901109 | GNTX | GENTEX CORP. | $3,084 | 0.26% | 132,523 | Common | SOLE |
| 780259305 | SHEL | SHELL PLC | $2,977 | 0.25% | 40,518 | Common | SOLE |
| 11285B108 | BEPC | BROOKFIELD RENEWABLE | $2,974 | 0.25% | 56,486 | Common | SOLE |
| 29444U700 | EQIX | EQUINIX INC. | $2,911 | 0.25% | 3,800 | Common | SOLE |
| 053484101 | AVB | AVALONBAY CMNTYS INC. | $2,640 | 0.22% | 14,565 | Common | SOLE |
| 892356106 | TSCO | TRACTOR SUPPLY CO | $2,600 | 0.22% | 51,985 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $2,404 | 0.20% | 11,615 | Common | SOLE |
| 30225T102 | EXR | EXTRA SPACE STORAGE INC. | $2,187 | 0.19% | 16,794 | Common | SOLE |
| 828806109 | SPG | SIMON PPTY GROUP NEW | $1,947 | 0.17% | 10,519 | Common | SOLE |
| 48666K109 | KBH | KB HOME | $1,846 | 0.16% | 32,730 | Common | SOLE |
| 89151E109 | TTEN | TOTAL ENERGIES SE | $1,793 | 0.15% | 27,414 | Common | SOLE |
| 398182303 | AHR | AMERICAN HEALTHCARE REIT INC | $1,769 | 0.15% | 37,595 | Common | SOLE |
| 866674104 | SUI | SUN CMNTYS INC | $1,661 | 0.14% | 13,407 | Common | SOLE |
| 101121101 | BXP | BXP INC. | $1,053 | 0.09% | 15,598 | 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.