LINCLUDEN MANAGEMENT LTD

CIK

1058231

Location

MISSISSAUGA, A6

Portfolio Value

Small $213,301,185

Diversification

Diversified

Filing Date

Global Rank

#6,181 / 8,807 ▼ 3988

Top Industry

Banks - Diversified 12.1%

Period ended 4 months ago

Filed Jul 24, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 41.2%, 32.7 effective positions, active share 73.3% against the Dow Jones Industrial Average as of 2026-07-31; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

11.2% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 18.9 quarters (12+), a floor since 40.8% of the book was already held when coverage starts

Closest benchmark: the Dow Jones Industrial Average as of 2026-07-31, active share 73.3%; sector active share 41.0% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

67 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

5.6%

−1.6 pts

Top 5

22.3%

−7.0 pts

Top 10

41.2%

−8.0 pts

HHI

306

Diversified−38

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	22.9%	$48,754,125	14
Real Estate	19.3%	$41,233,903	14
Healthcare	14.3%	$30,440,803	5
Communication Services	10.1%	$21,508,452	6
Technology	8.9%	$18,945,516	6
Consumer Defensive	8.3%	$17,601,948	3
Consumer Cyclical	7.7%	$16,470,105	8
Energy	4.3%	$9,132,811	5
Industrials	4.3%	$9,129,754	2
Utilities	0.0%	$55,148	3
Basic Materials	0.0%	$28,620	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

23 positions

Ticker	Company	Δ Shares	Shares	Value
TSCO	Tractor Supply Co /De/	+72,186	128,430	$4,059,672
GIB	Cgi Inc	+70,443	417,469	$38,269
BIP	Brookfield Infrastructure Partners L.P.	+25,485	662,686	$34,327
AHR	American Healthcare REIT, Inc.	+19,757	54,797	$2,857,663
J	Jacobs Solutions Inc.	+18,878	72,023	$9,074,898
SHEL	Shell plc	+17,914	50,952	$3,950,818
DIS	Walt Disney Co	+16,148	51,540	$4,960,725
BGSI	Boyd Group Services Inc.	+12,197	41,310	$5,548
GIL	Gildan Activewear Inc.	+7,935	59,218	$4,330
AMT	American Tower Corp /Ma/	+5,988	47,493	$7,768,430
HD	Home Depot, Inc.	+2,655	15,878	$5,599,853
TMO	Thermo Fisher Scientific Inc.	+2,366	16,787	$8,416,330
V	Visa Inc.	+2,344	25,560	$8,769,380
FSV	FirstService Corp	+2,327	66,993	$13,510
CIGI	Colliers International Group Inc.	+2,150	54,765	$7,289
BAC	Bank Of America Corp /De/	+816	133,646	$7,615,149
USB	US Bancorp De	+461	139,095	$8,401,338
JPM	Jpmorgan Chase & Co	+260	18,711	$6,124,671
MSFT	Microsoft Corp	+89	22,093	$8,241,130
EOG	Eog Resources Inc	+63	39,024	$5,062,583
COST	Costco Wholesale Corp /New	+48	5,345	$5,000,087
UNH	Unitedhealth Group Inc	+34	22,589	$9,388,666
GOOGL	Alphabet Inc.	+14	33,228	$11,874,690
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
BCE	Bce Inc	−398,067	1,445,763	$44,168
BN	BROOKFIELD Corp /ON/	−247,835	439,774	$26,611
MFC	Manulife Financial Corp	−209,690	479,103	$27,558
TD	Toronto Dominion Bank	−163,556	526,877	$90,855
TRP	Tc Energy Corp	−161,784	605,977	$56,913
TU	Telus Corp	−151,713	1,951,523	$29,273
BEP	Brookfield Renewable Partners L.P.	−150,364	422,025	$20,755
CNQ	CANADIAN NATURAL RESOURCES Ltd	−139,144	557,895	$31,309
MGA	Magna International Inc	−126,695	266,320	$24,837
BNS	Bank Of Nova Scotia	−118,625	458,826	$56,559
NTR	Nutrien Ltd.	−114,665	320,313	$28,620
SU	Suncor Energy Inc	−104,392	408,759	$31,188
PFE	Pfizer Inc	−99,218	302,092	$7,274,375
QSR	Restaurant Brands International Inc.	−95,892	357,508	$36,777
RY	Royal Bank Of Canada	−87,771	319,503	$93,832
CNI	Canadian National Railway Co	−80,154	324,110	$54,856
VZ	Verizon Communications Inc	−77,450	108,554	$4,596,176
CSCO	Cisco Systems, Inc.	−74,965	69,320	$8,142,327
CM	Canadian Imperial Bank Of Commerce /Can/	−73,367	220,139	$35,953
GLW	Corning Inc /Ny	−33,542	599	$153,002
BAM	Brookfield Asset Management Ltd.	−26,904	43,179	$2,747
DEO	Diageo PLC	−19,012	95,951	$7,712,541
SAP	Sap SE	−14,471	15,362	$2,367,437
ING	Ing Groep NV	−8,937	209,457	$6,572,760
C	Citigroup Inc	−5,656	36,613	$5,124,355
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
MAA	Mid America Apartment Communities Inc.	10,722	$1,489,714
DSGX	Descartes Systems Group Inc	34,114	$3,351
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
PBA	Pembina Pipeline Corp	999,523	$44,738,649
GRTUF	Granite Real Estate Investment Trust	104,627	$6,136,373
SUI	Sun Communities Inc	12,496	$1,573,996
TOT	TotalEnergies SE	29,465	$2,680
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

67 tracked positions · $213,301,185 total · filing declares 68 positions · $1,018,711 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 67 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
GOOGL	Alphabet Inc. Communication Services	Added	33,228	+14	$11,874,690	+24.3%	24	unpriced	5.57%
UNH	Unitedhealth Group Inc Healthcare	Added	22,589	+34	$9,388,666	+53.8%	13	$384.59	4.40%
J	Jacobs Solutions Inc. Industrials	Added	72,023	+18,878	$9,074,898	+34.2%	5	unpriced	4.25%
V	Visa Inc. Financial Services	Added	25,560	+2,344	$8,769,380	+25.0%	2	$321.51	4.11%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	16,787	+2,366	$8,416,330	+18.7%	5	$452.84	3.95%
USB	US Bancorp De Financial Services	Added	139,095	+461	$8,401,338	+16.5%	15	$43.42	3.94%
MSFT	Microsoft Corp Technology	Added	22,093	+89	$8,241,130	+1.2%	26+	before history	3.86%
CSCO	Cisco Systems, Inc. Technology	Reduced	69,320	-74,965	$8,142,327	−27.3%	26+	before history	3.82%
AMT	American Tower Corp /Ma/ Real Estate	Added	47,493	+5,988	$7,768,430	+8.5%	22	unpriced	3.64%
DEO	Diageo PLC Consumer Defensive	Reduced	95,951	-19,012	$7,712,541	−9.9%	11	$118.05	3.62%
BAC	Bank Of America Corp /De/ Financial Services	Added	133,646	+816	$7,615,149	+17.6%	26+	before history	3.57%
PFE	Pfizer Inc Healthcare	Reduced	302,092	-99,218	$7,274,375	−35.4%	26+	before history	3.41%
ING	Ing Groep NV Financial Services	Reduced	209,457	-8,937	$6,572,760	+15.5%	26+	before history	3.08%
JPM	Jpmorgan Chase & Co Financial Services	Added	18,711	+260	$6,124,671	+12.8%	26+	before history	2.87%
RMR	Rmr Group Inc. Real Estate	Held	290,000	0	$5,953,700	+32.7%	20	$38.07	2.79%
MS	Morgan Stanley Financial Services	Reduced	27,805	-474	$5,812,357	+24.9%	26+	before history	2.72%
HD	Home Depot, Inc. Consumer Cyclical	Added	15,878	+2,655	$5,599,853	+28.8%	14	$316.69	2.63%
C	Citigroup Inc Financial Services	Reduced	36,613	-5,656	$5,124,355	+6.9%	26+	before history	2.40%
EOG	Eog Resources Inc Energy	Added	39,024	+63	$5,062,583	−10.1%	26+	before history	2.37%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	5,345	+48	$5,000,087	−5.3%	15	$571.36	2.34%
DIS	Walt Disney Co Communication Services	Added	51,540	+16,148	$4,960,725	+45.4%	23	$110.71	2.33%
WMT	Walmart Inc. Consumer Defensive	Reduced	43,169	-682	$4,889,320	−10.3%	26+	before history	2.29%
VZ	Verizon Communications Inc Communication Services	Reduced	108,554	-77,450	$4,596,176	−50.8%	26+	before history	2.15%
FRT	Federal Realty Investment Trust Real Estate	Held	36,888	0	$4,553,454	+16.2%	18	$114.57	2.13%
EQIX	Equinix Inc Real Estate	Held	3,971	0	$4,139,330	+6.3%	26+	before history	1.94%
TRNO	Terreno Realty Corp Real Estate	Held	63,499	0	$4,112,830	+5.5%	26+	before history	1.93%
WELL	Welltower Inc. Real Estate	Held	17,970	0	$4,078,650	+14.8%	25	$67.82	1.91%
TSCO	Tractor Supply Co /De/ Consumer Cyclical	Added	128,430	+72,186	$4,059,672	+59.3%	26+	before history	1.90%
SHEL	Shell plc Energy	Added	50,952	+17,914	$3,950,818	+28.6%	6	$74.03	1.85%
GNTX	Gentex Corp Consumer Cyclical	Reduced	139,650	-178	$3,528,955	+15.5%	14	$28.50	1.65%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Reduced	21,189	-351	$3,210,133	−6.7%	23	$70.29	1.50%
GSK	GSK plc Healthcare	Reduced	57,400	-971	$3,008,908	−6.6%	15	unpriced	1.41%
AHR	American Healthcare REIT, Inc. Real Estate	Added	54,797	+19,757	$2,857,663	+72.9%	3	$47.37	1.34%
SAP	Sap SE Technology	Reduced	15,362	-14,471	$2,367,437	−53.6%	26+	before history	1.11%
JNJ	Johnson & Johnson Healthcare	Reduced	9,263	-126	$2,352,524	+2.5%	26+	before history	1.10%
		Held	11,699	0	$2,207,484	+15.5%	18	$221.04	1.03%
EXR	Extra Space Storage Inc. Real Estate	Held	12,429	0	$1,805,933	+10.8%	14	$149.91	0.85%
MAA	Mid America Apartment Communities Inc. Real Estate	NEW	10,722	NEW	$1,489,714	NEW	1	$130.51	0.70%
SPG	Simon Property Group Inc. Real Estate	Reduced	6,537	-3,280	$1,462,000	−20.2%	24	$107.12	0.69%
BXP	BXP, Inc. Real Estate	Reduced	11,822	-276	$783,916	+24.9%	7	$81.11	0.37%
GLW	Corning Inc /Ny Technology	Reduced	599	-33,542	$153,002	−96.7%	26+	before history	0.07%
RY	Royal Bank Of Canada Financial Services	Reduced	319,503	-87,771	$93,832	−99.9%	26+	before history	0.04%
TD	Toronto Dominion Bank Financial Services	Reduced	526,877	-163,556	$90,855	−99.9%	26+	before history	0.04%
TRP	Tc Energy Corp Energy	Reduced	605,977	-161,784	$56,913	−99.9%	21	$39.97	0.03%
BNS	Bank Of Nova Scotia Financial Services	Reduced	458,826	-118,625	$56,559	−99.9%	26+	before history	0.03%
CNI	Canadian National Railway Co Industrials	Reduced	324,110	-80,154	$54,856	−99.9%	26+	before history	0.03%
BCE	Bce Inc Communication Services	Reduced	1,445,763	-398,067	$44,168	−99.9%	21	$39.13	0.02%
GIB	Cgi Inc Technology	Added	417,469	+70,443	$38,269	−99.8%	22	unpriced	0.02%
QSR	Restaurant Brands International Inc. Consumer Cyclical	Reduced	357,508	-95,892	$36,777	−99.9%	26+	before history	0.02%
CM	Canadian Imperial Bank Of Commerce /Can/ Financial Services	Reduced	220,139	-73,367	$35,953	−99.9%	26+	before history	0.02%

Showing the top 50 of 67 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.