LINCLUDEN MANAGEMENT LTD — 13F Holdings & Portfolio
CIK 1058231 · latest 13F-HR filed 2026-05-13
LINCLUDEN MANAGEMENT LTD manages $938.9K in 13F-reported U.S. long-equity assets across 70 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are RY (7.12%), TD (6.97%), TRP (5.20%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 2 new positions, exited 3, added to 14, and trimmed 34.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$938.9K
Long-equity book
70
Distinct positions
2026-03-31
Filed 2026-05-13
+2 / −3 / ↑14 / ↓34
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- CGI INC$19.5K +308.7%
- CANADIAN NAT RES LTD COM$3.2K +10.3%
- SUNCOR ENERGY INC$1.8K +5.5%
- UNITEDHEALTH GROUP INC COM$1.8K +41.1%
- PFIZER INC$1.6K +16.3%
Top Trims
- TORONTO DOMINION BK ONT-$41.8K -39.0%
- ROYAL BANK OF CANADA-$33.1K -33.1%
- BANK NOVA SCOTIA HALIFAX-$27.3K -40.1%
- MAGNA INTL INC-$24.7K -52.6%
- BROOKFIELD CORP-$19.8K -41.2%
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ROYAL BANK OF CANADA | RY | 780087102 | $66.9K | 7.12% | 407,274 | SH |
| 2 | TORONTO DOMINION BK ONT | TD | 891160509 | $65.5K | 6.97% | 690,433 | SH |
| 3 | TC ENERGY CORP. | TRP | 87807B107 | $48.8K | 5.20% | 767,761 | SH |
| 4 | BCE INC | BCE | 05534B760 | $47.2K | 5.03% | 1,843,830 | SH |
| 5 | PEMBINA PIPELINE CORP. | PBA | 706327103 | $45.4K | 4.84% | 999,523 | SH |
| 6 | CANADIAN NATL RY CO COM | CNI | 136375102 | $42.3K | 4.50% | 404,264 | SH |
| 7 | BANK NOVA SCOTIA HALIFAX | BNS | 064149107 | $40.7K | 4.33% | 577,451 | SH |
| 8 | CANADIAN NAT RES LTD COM | CNQ | 136385101 | $34.5K | 3.68% | 697,039 | SH |
| 9 | SUNCOR ENERGY INC | SU | 867224107 | $34.5K | 3.67% | 513,151 | SH |
| 10 | RESTAURANT BRANDS INTL INC. | QSR | 76131D103 | $34.1K | 3.63% | 453,400 | SH |
| 11 | NUTRIEN LTD. | NTR | 67077M108 | $33.3K | 3.55% | 434,978 | SH |
| 12 | BROOKFIELD CORP | BN | 11271J107 | $28.3K | 3.01% | 687,609 | SH |
| 13 | CANADIAN IMPERIAL BANK OF COMMERCE | CM | 136069101 | $28.2K | 3.01% | 293,506 | SH |
| 14 | TELUS CORP. | TU | 87971M103 | $27.5K | 2.92% | 2,103,236 | SH |
| 15 | CGI INC | GIB | 12532H104 | $25.8K | 2.74% | 347,026 | SH |
| 16 | MANULIFE FINL CORP COM | MFC | 56501R106 | $24.1K | 2.57% | 688,793 | SH |
| 17 | BROOKFIELD INFRASTRUCTURE PA | BIP | G16252101 | $23.3K | 2.49% | 637,201 | SH |
| 18 | MAGNA INTL INC | MGA | 559222401 | $22.3K | 2.37% | 393,015 | SH |
| 19 | BROOKFIELD RENEWABLE ENERGY | BEP | G16258108 | $19.0K | 2.02% | 572,389 | SH |
| 20 | PFIZER INC | PFE | 717081103 | $11.3K | 1.20% | 401,310 | SH |
| 21 | CISCO SYSTEMS INC. | CSCO | 17275R102 | $11.2K | 1.19% | 144,285 | SH |
| 22 | ALPHABET INC. | GOOGL | 02079K305 | $9.6K | 1.02% | 33,214 | SH |
| 23 | VERIZON COMMUNICATIONS | VZ | 92343V104 | $9.3K | 0.99% | 186,004 | SH |
| 24 | FIRST SERVICE CORP | FSV | 33767E202 | $9.1K | 0.97% | 64,666 | SH |
| 25 | DIAGEO PLC-SPONS ADR | DEO | 25243Q205 | $8.6K | 0.91% | 114,963 | SH |
| 26 | MICROSOFT CORP. | MSFT | 594918104 | $8.1K | 0.87% | 22,004 | SH |
| 27 | US BANCORP | USB | 902973304 | $7.2K | 0.77% | 138,634 | SH |
| 28 | AMERICAN TOWER CORP | AMT | 03027X100 | $7.2K | 0.76% | 41,505 | SH |
| 29 | THERMO FISHER | TMO | 883556102 | $7.1K | 0.75% | 14,421 | SH |
| 30 | VISA INC | V | 92826C839 | $7.0K | 0.75% | 23,216 | SH |
| 31 | JACOBS SOLUTIONS INC. | J | 46982L108 | $6.8K | 0.72% | 53,145 | SH |
| 32 | BANK OF AMERICA CORPORATION | BAC | 060505104 | $6.5K | 0.69% | 132,830 | SH |
| 33 | GRANITE REAL ESTATE INVT TR | — | 387437205 | $6.2K | 0.67% | 104,627 | SH |
| 34 | UNITEDHEALTH GROUP INC COM | UNH | 91324P102 | $6.1K | 0.65% | 22,555 | SH |
| 35 | COLLIERS INTL GROUP INC. | CIGI | 194693107 | $5.7K | 0.61% | 52,615 | SH |
| 36 | ING GROEP N V | ING | 456837103 | $5.7K | 0.61% | 218,394 | SH |
| 37 | EOG RESOURCES | EOG | 26875P101 | $5.6K | 0.60% | 38,961 | SH |
| 38 | WALMART INC | WMT | 931142103 | $5.4K | 0.58% | 43,851 | SH |
| 39 | JPMORGAN & CHASE & CO COM | JPM | 46625H100 | $5.4K | 0.58% | 18,451 | SH |
| 40 | COSTCO WHOLESALE | COST | 22160K105 | $5.3K | 0.56% | 5,297 | SH |
| 41 | SAP SE | SAP | 803054204 | $5.1K | 0.54% | 29,833 | SH |
| 42 | CITIGROUP INC. | C | 172967424 | $4.8K | 0.51% | 42,269 | SH |
| 43 | MORGAN STANLEY | MS | 617446448 | $4.7K | 0.50% | 28,279 | SH |
| 44 | CORNING INC. | GLW | 219350105 | $4.6K | 0.49% | 34,141 | SH |
| 45 | RMR GROUP INC. | RMR | 74967R106 | $4.5K | 0.48% | 290,000 | SH |
| 46 | HOME DEPOT | HD | 437076102 | $4.3K | 0.46% | 13,223 | SH |
| 47 | FEDERAL REALTY INVT TR | FRT | 313745101 | $3.9K | 0.42% | 36,888 | SH |
| 48 | TERRENO REALTY CORP. | TRNO | 88146M101 | $3.9K | 0.42% | 63,499 | SH |
| 49 | EQUINIX INC. | EQIX | 29444U700 | $3.9K | 0.41% | 3,971 | SH |
| 50 | SANOFI SA | — | 80108N105 | $3.8K | 0.40% | 78,482 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-13 | $938.9K | 70 | 0001140361-26-021020 |
| 2025-12-31 | 2026-01-30 | $1.2M | 71 | 0001140361-26-002932 |
| 2025-09-30 | 2025-11-14 | $898.3K | 69 | 0001140361-25-042212 |