LINCLUDEN MANAGEMENT LTD

CIK: 0001058231SEC EDGAR →

Portfolio Value

$1.2B

Holdings

71

As of

Q4 2025

New Positions

2

Closed Positions

10

Portfolio Value History

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

TORONTO DOMINION BK ONT

829,383$107.3M
9.11%
2

ROYAL BANK OF CANADA

427,261$100.0M
8.49%
3

BANK NOVA SCOTIA HALIFAX

671,166$67.9M
5.77%
4

BCE INC

1,885,402$61.7M
5.24%
5

TC ENERGY CORP.

793,599$60.0M
5.10%
6

CANADIAN NATIONAL RAILWAY CO

419,122$56.9M
4.83%
7

BROOKFIELD CORP

763,376$48.1M
4.09%
8

MAGNA INTL INC

642,618$47.0M
3.99%
9

PEMBINA PIPELINE CORP.

894,163$46.8M
3.97%
10

NUTRIEN LTD.

518,869$44.0M
3.73%

Quarterly Changes

Top Buys

BIPNEW
$30.7M
BN↑ Increased
$12.0M
BYDNEW
$7.0M
T↑ Increased
$7.0M
DEO↑ Increased
$3.1M

Top Sells

TD↓ Decreased
$35.2M
RY↓ Decreased
$35.0M
BNS↓ Decreased
$23.1M
BCE↓ Decreased
$16.5M
CNR↓ Decreased
$16.2M

New Positions (3)

$30.7M · 643K shares
$7.0M · 32K shares
$1.8M · 38K shares

Closed Positions (1)

$65K · 959 shares

Sector Breakdown

Sector# HoldingsValue%
Financial Services11$434.3M36.9%
Energy6$188.4M16.0%
Consumer Cyclical11$128.3M10.9%
Communication Services4$108.5M9.2%
Utilities4$101.8M8.6%
Real Estate14$54.9M4.7%
Basic Materials1$44.0M3.7%
Technology5$37.5M3.2%
Unknown6$31.7M2.7%
Healthcare6$30.0M2.6%
Consumer Defensive3$17.6M1.5%