LINCLUDEN MANAGEMENT LTD

CIK: 0001058231SEC EDGAR →

Portfolio Value

$1.1B

Holdings

71

As of

Q4 2025

New Positions

2

Closed Positions

10

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

TORONTO DOMINION BK ONT

829,383$107.0M
9.42%
2

ROYAL BANK OF CANADA

427,261$99.0M
8.71%
3

BANK NOVA SCOTIA HALIFAX

671,166$67.0M
5.90%
4

BCE INC

1,885,402$61.0M
5.37%
5

TC ENERGY CORP.

793,599$59.0M
5.19%
6

CANADIAN NATIONAL RAILWAY CO

419,122$56.0M
4.93%
7

BROOKFIELD CORP

763,376$48.0M
4.23%
8

MAGNA INTL INC

642,618$47.0M
4.14%
9

PEMBINA PIPELINE CORP.

894,163$46.0M
4.05%
10

RESTAURANT BRANDS INTL INC.

467,154$43.0M
3.79%

Quarterly Changes

Top Buys

BIPNEW
$30.0M
BN↑ Increased
$11.9M
T↑ Increased
$6.0M
BYDNEW
$6.0M
EQIX↑ Increased
$2.6M

Top Sells

TD↓ Decreased
$34.9M
RY↓ Decreased
$34.0M
BNS↓ Decreased
$22.1M
BCE↓ Decreased
$15.8M
MGA↓ Decreased
$15.5M

New Positions (3)

$30.0M · 643K shares
$6.0M · 32K shares
$1.0M · 38K shares

Closed Positions (1)

$65K · 959 shares

Sector Breakdown

Sector# HoldingsValue%
Financial Services11$427.0M37.6%
Energy6$184.0M16.2%
Consumer Cyclical11$124.0M10.9%
Communication Services4$105.0M9.2%
Utilities4$99.0M8.7%
Real Estate14$47.0M4.1%
Basic Materials1$43.0M3.8%
Technology4$29.0M2.6%
Unknown6$29.0M2.6%
Healthcare6$27.0M2.4%
Consumer Defensive3$16.0M1.4%
Industrials1$6.0M0.5%