LINCLUDEN MANAGEMENT LTD

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, LINCLUDEN MANAGEMENT LTD maintained a portfolio of 72 distinct positions. The most significant new addition to the portfolio was BROOKFIELD INFRAST P, which now represents 2.61% of the total fund value. They heavily accumulated shares in BROOKFIELD CORP, increasing their position by 44.2%. The fund also reduced its exposure to ALPHABET INC. by 28.2%.
PCA Score Concentration Risk
Risk ENB
Total Positions
72
Quarter
2025 Q4
Top Holding
TD (9.1%)
Top 10 Concentration
54.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 72
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
TD
TORONTO DOMINIO...
Financial Services 9.11% 8.02% #1
Prev: #1
6.1 -77,249 -8.5%
P
S
829,383 $107,289,000 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
RY
ROYAL BANK OF C...
Financial Services 8.49% 7.24% #2
Prev: #2
5.4 -16,521 -3.7%
P
S
427,261 $99,975,000 2007 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BNS
BANK NOVA SCOTI...
Financial Services 5.77% 5.00% #3 1
Prev: #4
3.8 -27,231 -3.9%
P
S
671,166 $67,942,000 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BCE
BCE INC
Communication Services 5.24% 5.04% #4 1
Prev: #3
3.1 -62,109 -3.2%
P
S
1,885,402 $61,728,000 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TRP
TC ENERGY CORP.
Energy 5.10% 4.97% #5
Prev: #5
3.0 -32,307 -3.9%
P
S
793,599 $59,980,000 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CNI
CANADIAN NATION...
Industrials 4.83% 4.53% #6 1
Prev: #7
2.4 -15,222 -3.5%
P
S
419,122 $56,896,000 2008 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BN
BROOKFIELD CORP
Financial Services 4.09% 4.02% #7 2
Prev: #9
4.1 233,997 44.2%
P
S
763,376 $48,108,000 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MGA
MAGNA INTL INC
Consumer Cyclical 3.99% 3.51% #8 3
Prev: #11
2.1 -26,535 -4.0%
P
S
642,618 $47,020,000 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PBA
PEMBINA PIPELIN...
Energy 3.97% 4.15% #9 1
Prev: #8
2.1 -33,729 -3.6%
P
S
894,163 $46,756,000 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NTR
NUTRIEN LTD.
Basic Materials 3.73% 3.52% #10
Prev: #10
2.0 -22,413 -4.1%
P
S
518,869 $43,959,000 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
QSR
RESTAURANT BRAN...
Consumer Cyclical 3.72% 4.81% #11 5
Prev: #6
2.0 -16,971 -3.5%
P
S
467,154 $43,754,000 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CM
CANADIAN IMPERI...
Financial Services 3.48% 3.41% #12
Prev: #12
1.9 -56,464 -14.6%
P
S
329,398 $40,987,000 2006 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MFC
MANULIFE FINL C...
Financial Services 2.94% 2.97% #13
Prev: #13
1.7 -166,407 -19.3%
P
S
695,123 $34,645,000 2006 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TU
TELUS CORP.
Communication Services 2.80% 2.89% #14
Prev: #14
3.1 161,320 9.7%
P
S
1,821,826 $32,957,000 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SU
SUNCOR ENERGY I...
Energy 2.78% 2.58% #15
Prev: #15
1.6 -21,403 -3.8%
P
S
536,309 $32,672,000 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CNQ
CANADIAN NAT RE...
Energy 2.66% 2.48% #16
Prev: #16
1.6 -26,570 -3.8%
P
S
673,512 $31,312,000 2007 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BIP
BROOKFIELD INFR...
Bond/Debt 2.61% #17
Prev: #—
4.5 643,160 no change
NEW
643,160 $30,685,000 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BEP
BROOKFIELD RENE...
Utilities 1.81% 1.72% #18 1
Prev: #17
1.2 -26,069 -4.3%
P
S
575,275 $21,337,000 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CSCO
CISCO SYSTEMS I...
Technology 0.92% 1.12% #19 2
Prev: #21
0.9 -6,267 -4.3%
P
S
141,007 $10,862,000 2008 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FSV
FIRST SERVICE C...
Real Estate 0.85% 0.87% #20 5
Prev: #25
2.3 5,818 14.2%
P
S
46,898 $10,010,000 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC.
Communication Services 0.84% 1.19% #21 2
Prev: #19
0.3 -12,348 -28.2%
P
S
31,483 $9,854,000 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
VZ
VERIZON COMMUNI...
Communication Services 0.84% 1.25% #22 4
Prev: #18
0.8 -13,118 -5.2%
P
S
241,578 $9,839,000 2006 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PFE
PFIZER INC
Healthcare 0.82% 1.17% #23 3
Prev: #20
0.8 -22,825 -5.5%
P
S
389,203 $9,691,000 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GRP/U
GRANITE REAL ES...
Unknown 0.78% 0.69% #24 8
Prev: #32
1.3 no change no change
P
S
112,144 $9,163,000 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DEO
DIAGEO PLC-SPON...
Consumer Defensive 0.73% 0.61% #25 11
Prev: #36
3.3 41,871 72.4%
P
S
99,706 $8,602,000 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CIGI
COLLIERS INTL G...
Real Estate 0.70% 0.71% #26 5
Prev: #31
1.3 no change no change
P
S
40,891 $8,249,000 2019 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP.
Technology 0.70% 1.08% #27 5
Prev: #22
0.8 -1,697 -9.1%
P
S
16,997 $8,220,000 2006 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
LEN
LENNAR CORP
Consumer Cyclical 0.61% 0.93% #28 5
Prev: #23
2.2 3,851 5.8%
P
S
69,917 $7,187,000 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
USB
US BANCORP
Financial Services 0.60% 0.78% #29
Prev: #29
0.7 -12,828 -8.8%
P
S
132,444 $7,067,000 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BYDGF
BOYD GROUP SERV...
Unknown 0.59% #30
Prev: #—
3.7 31,892 no change
NEW
31,892 $6,972,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BAC
BANK OF AMERICA...
Financial Services 0.59% 0.80% #31 3
Prev: #28
0.7 -11,867 -8.6%
P
S
126,604 $6,963,000 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AMT
AMERICAN TOWER ...
Real Estate 0.59% 0.88% #32 8
Prev: #24
0.7 -1,665 -4.0%
P
S
39,510 $6,936,000 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
J
JACOBS SOLUTION...
Industrials 0.57% 0.71% #33 3
Prev: #30
2.2 7,952 18.7%
P
S
50,397 $6,676,000 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SAP
SAP SE
Technology 0.57% 0.82% #34 8
Prev: #26
0.7 -29 -0.1%
P
S
27,410 $6,658,000 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TMO
THERMO FISHER
Healthcare 0.55% 0.80% #35 8
Prev: #27
0.2 -3,506 -23.8%
P
S
11,243 $6,515,000 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GIB
CGI INC
Technology 0.54% 0.50% #36 10
Prev: #46
0.7 -655 -1.3%
P
S
49,716 $6,303,000 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ING
ING GROEP N V
Financial Services 0.50% 0.66% #37 3
Prev: #34
0.7 -18,979 -8.4%
P
S
208,280 $5,832,000 2006 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
JPM
JPMORGAN & CHAS...
Financial Services 0.48% 0.67% #38 5
Prev: #33
0.7 -1,411 -7.4%
P
S
17,687 $5,699,000 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GIL
GILDAN ACTIVEWE...
Consumer Cyclical 0.45% 0.41% #39 13
Prev: #52
0.7 -1,491 -2.3%
P
S
62,103 $5,328,000 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
RCI
ROGERS COMMUNIC...
Communication Services 0.44% 0.39% #40 14
Prev: #54
0.7 -2,262 -2.2%
P
S
99,632 $5,162,000 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GLW
CORNING INC.
Technology 0.43% 0.58% #41 3
Prev: #38
0.7 -5,543 -8.7%
P
S
58,455 $5,118,000 2011 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MS
MORGAN STANLEY
Financial Services 0.40% 0.57% #42 3
Prev: #39
0.7 -5,724 -17.8%
P
S
26,422 $4,691,000 2011 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WMT
WALMART INC
Consumer Defensive 0.40% 0.60% #43 6
Prev: #37
0.7 -10,409 -20.0%
P
S
41,755 $4,652,000 2011 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
C
CITIGROUP INC.
Financial Services 0.39% 0.50% #44 1
Prev: #45
0.7 -4,752 -10.8%
P
S
39,216 $4,576,000 2013 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
EOG
EOG RESOURCES
Energy 0.39% 0.51% #45 2
Prev: #43
1.2 no change no change
P
S
40,739 $4,568,000 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
COST
COSTCO WHOLESAL...
Consumer Defensive 0.37% 0.56% #46 6
Prev: #40
0.6 -374 -6.9%
P
S
5,058 $4,362,000 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
UNH
UNITEDHEALTH GR...
Healthcare 0.37% 0.55% #47 6
Prev: #41
0.6 -1,223 -8.5%
P
S
13,099 $4,324,000 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
RMR
RMR GROUP INC.
Real Estate 0.37% 0.51% #48 4
Prev: #44
1.1 no change no change
P
S
290,000 $4,321,000 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
HD
HOME DEPOT
Consumer Cyclical 0.37% 0.62% #49 14
Prev: #35
0.6 -1,250 -9.1%
P
S
12,544 $4,316,000 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FRT
FEDERAL REALTY ...
Bond/Debt 0.34% 0.45% #50
Prev: #50
1.1 no change no change
P
S
39,591 $3,991,000 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 72 holdings

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