TRP β€” TC ENERGY CORP.

Ownership history in LINCLUDEN MANAGEMENT LTD  Β·  19 quarters on record

This page tracks every 13F SEC filing in which LINCLUDEN MANAGEMENT LTD reported a position in TC ENERGY CORP. (TRP). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
6.32% (2024 Q3)
πŸ“Š Avg. % of fund
3.46%
πŸ“… First filed
2021 Q2
πŸ“… Last filed
2025 Q4
⏱ Quarters held
19

Position Intelligence

LINCLUDEN MANAGEMENT LTD Γ— TRP AI Analytics

πŸ“‰ LINCLUDEN MANAGEMENT LTD underperformed the S&P 500 by –3.0% annually on this TRP position. Timing score: 35% (6/17 decisions correct). Average cost basis: $33.51. Maximum drawdown during holding period: –33.2%.

πŸ“ˆ Position Alpha vs SPY
-3.0%
annualised excess return

⚠️ Trailed SPY by 3.0% ann. on this position.
18 quarters analyzed

⏱️ Timing Score
35%

⚠️ Poor timing β€” buys often preceded drops, trims preceded rallies.
6 of 17 add/trim decisions correct

πŸ’° Entry Quality
$33.51
+64.2% vs current ($55.01)

Best entry: $31.13 (2023 Q3)  Β·  Worst: $46.61 (2022 Q1)

πŸ›‘οΈ Drawdown Resilience
–33.2%
max drawdown while held

πŸ’ͺ Held through 1 major drawdown (>20%). Strong conviction under pressure.

πŸ’ͺ Fund Conviction
44%
buy-side decisions

8 adds Β· 10 trims. Bought during 4 of 8 down-price quarters. πŸ“‰ Predominantly trimming β€” distribution phase.

πŸ“‘ Position Trajectory
↓ Shrinking
last 4–5 quarters trend

πŸ“‰ Portfolio weight has been declining in recent quarters. Possible distribution phase.
Currently 5.1% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    TRP price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 REDUCED 793,599 -32,307 -3.9% 5.10% $60.0M $55.01
2025 Q3 REDUCED 825,906 -61,696 -7.0% 4.97% $44.6M $54.41
2025 Q2 REDUCED 887,602 -124,678 -12.3% 4.78% $43.3M $48.79
2025 Q1 REDUCED 1,012,280 -42,127 -4.0% 6.07% $47.8M $46.61
2024 Q4 REDUCED 1,054,407 -164,440 -13.5% 5.95% $49.1M $45.37
2024 Q3 REDUCED 1,218,847 -37,695 -3.0% 6.32% $58.0M $45.80
2024 Q2 REDUCED 1,256,542 -12,400 -1.0% 5.79% $47.7M $36.01
2024 Q1 REDUCED 1,268,942 -19,554 -1.5% 6.05% $51.0M $37.56
2023 Q4 REDUCED 1,288,496 -33,325 -2.5% 6.11% $50.3M $35.94
2023 Q3 ADDED 1,321,821 +407,436 +44.6% 5.50% $45.5M $31.13
9 older quarters hidden  β€”  Sign in free or upgrade to Premium to see full history
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