LINCLUDEN MANAGEMENT LTD

All Holdings — 2026 Q1

AI Portfolio Summary
In 2026 Q1, LINCLUDEN MANAGEMENT LTD maintained a portfolio of 73 distinct positions. The most significant new addition to the portfolio was VISA INC, which now represents 0.75% of the total fund value. They heavily accumulated shares in PEMBINA PIPELINE COR, increasing their position by 11.8%. The fund also reduced its exposure to CORNING INC. by 41.6%.
PCA Score Concentration Risk
Risk ENB
Total Positions
73
Quarter
2026 Q1
Top Holding
RY (7.1%)
Top 10 Concentration
49.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 73
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
RY
ROYAL BANK OF C...
Financial Services 7.12% 8.49% #1 1
Prev: #2
5.3 -19,987 -4.7%
P
S
407,274 $66,859 2007 Q1 13F Filing 2026-03-31 2026-05-13
TD
TORONTO DOMINIO...
Financial Services 6.97% 9.11% #2 1
Prev: #1
4.8 -138,950 -16.8%
P
S
690,433 $65,481 2006 Q1 13F Filing 2026-03-31 2026-05-13
TRP
TC ENERGY CORP.
Energy 5.20% 5.10% #3 2
Prev: #5
3.6 -25,838 -3.3%
P
S
767,761 $48,822 2021 Q2 13F Filing 2026-03-31 2026-05-13
BCE
BCE INC
Communication Services 5.03% 5.24% #4
Prev: #4
3.0 -41,572 -2.2%
P
S
1,843,830 $47,244 2021 Q2 13F Filing 2026-03-31 2026-05-13
PBA
PEMBINA PIPELIN...
Energy 4.84% 3.97% #5 4
Prev: #9
4.4 105,360 11.8%
P
S
999,523 $45,435 2021 Q3 13F Filing 2026-03-31 2026-05-13
CNI
CANADIAN NATL R...
Industrials 4.50% 4.83% #6
Prev: #6
2.3 -14,858 -3.5%
P
S
404,264 $42,254 2008 Q4 13F Filing 2026-03-31 2026-05-13
BNS
BANK NOVA SCOTI...
Financial Services 4.33% 5.77% #7 4
Prev: #3
2.2 -93,715 -14.0%
P
S
577,451 $40,665 2006 Q1 13F Filing 2026-03-31 2026-05-13
CNQ
CANADIAN NAT RE...
Energy 3.68% 2.66% #8 8
Prev: #16
2.0 23,527 3.5%
P
S
697,039 $34,529 2007 Q1 13F Filing 2026-03-31 2026-05-13
SU
SUNCOR ENERGY I...
Energy 3.67% 2.78% #9 6
Prev: #15
2.0 -23,158 -4.3%
P
S
513,151 $34,466 2009 Q1 13F Filing 2026-03-31 2026-05-13
QSR
RESTAURANT BRAN...
Consumer Cyclical 3.63% 3.72% #10 1
Prev: #11
2.0 -13,754 -2.9%
P
S
453,400 $34,071 2020 Q1 13F Filing 2026-03-31 2026-05-13
NTR
NUTRIEN LTD.
Basic Materials 3.55% 3.73% #11 1
Prev: #10
1.9 -83,891 -16.2%
P
S
434,978 $33,344 2025 Q2 13F Filing 2026-03-31 2026-05-13
BN
BROOKFIELD CORP
Financial Services 3.01% 4.09% #12 5
Prev: #7
1.7 -75,767 -9.9%
P
S
687,609 $28,295 2022 Q4 13F Filing 2026-03-31 2026-05-13
CM
CANADIAN IMPERI...
Financial Services 3.01% 3.48% #13 1
Prev: #12
1.7 -35,892 -10.9%
P
S
293,506 $28,247 2006 Q2 13F Filing 2026-03-31 2026-05-13
TU
TELUS CORP.
Communication Services 2.92% 2.80% #14
Prev: #14
3.2 281,410 15.4%
P
S
2,103,236 $27,452 2021 Q1 13F Filing 2026-03-31 2026-05-13
GIB
CGI INC
Technology 2.74% 0.54% #15 21
Prev: #36
4.1 297,310 598.0%
P
S
347,026 $25,763 2021 Q1 13F Filing 2026-03-31 2026-05-13
MFC
MANULIFE FINL C...
Financial Services 2.57% 2.94% #16 3
Prev: #13
1.5 -6,330 -0.9%
P
S
688,793 $24,095 2006 Q4 13F Filing 2026-03-31 2026-05-13
BIP
BROOKFIELD INFR...
Bond/Debt 2.49% 2.61% #17
Prev: #17
1.5 -5,959 -0.9%
P
S
637,201 $23,341 2024 Q2 13F Filing 2026-03-31 2026-05-13
MGA
MAGNA INTL INC
Consumer Cyclical 2.37% 3.99% #18 10
Prev: #8
0.9 -249,603 -38.8%
P
S
393,015 $22,289 2006 Q1 13F Filing 2026-03-31 2026-05-13
BEP
BROOKFIELD RENE...
Utilities 2.02% 1.81% #19 1
Prev: #18
1.3 -2,886 -0.5%
P
S
572,389 $18,961 2021 Q2 13F Filing 2026-03-31 2026-05-13
PFE
PFIZER INC
Healthcare 1.20% 0.82% #20 3
Prev: #23
1.0 12,107 3.1%
P
S
401,310 $11,268 2006 Q1 13F Filing 2026-03-31 2026-05-13
CSCO
CISCO SYSTEMS I...
Technology 1.19% 0.92% #21 2
Prev: #19
1.0 3,278 2.3%
P
S
144,285 $11,195 2008 Q3 13F Filing 2026-03-31 2026-05-13
GOOGL
ALPHABET INC.
Communication Services 1.02% 0.84% #22 1
Prev: #21
2.4 1,731 5.5%
P
S
33,214 $9,551 2020 Q3 13F Filing 2026-03-31 2026-05-13
VZ
VERIZON COMMUNI...
Communication Services 0.99% 0.84% #23 1
Prev: #22
0.4 -55,574 -23.0%
P
S
186,004 $9,337 2006 Q4 13F Filing 2026-03-31 2026-05-13
FSV
FIRST SERVICE C...
Real Estate 0.97% 0.85% #24 4
Prev: #20
2.9 17,768 37.9%
P
S
64,666 $9,135 2021 Q2 13F Filing 2026-03-31 2026-05-13
DEO
DIAGEO PLC-SPON...
Consumer Defensive 0.91% 0.73% #25
Prev: #25
2.4 15,257 15.3%
P
S
114,963 $8,558 2009 Q1 13F Filing 2026-03-31 2026-05-13
MSFT
MICROSOFT CORP.
Technology 0.87% 0.70% #26 1
Prev: #27
2.8 5,007 29.5%
P
S
22,004 $8,145 2006 Q2 13F Filing 2026-03-31 2026-05-13
USB
US BANCORP
Financial Services 0.77% 0.60% #27 2
Prev: #29
0.8 6,190 4.7%
P
S
138,634 $7,210 2022 Q4 13F Filing 2026-03-31 2026-05-13
AMT
AMERICAN TOWER ...
Real Estate 0.76% 0.59% #28 4
Prev: #32
2.3 1,995 5.0%
P
S
41,505 $7,162 2021 Q1 13F Filing 2026-03-31 2026-05-13
TMO
THERMO FISHER
Healthcare 0.75% 0.55% #29 6
Prev: #35
2.8 3,178 28.3%
P
S
14,421 $7,088 2009 Q1 13F Filing 2026-03-31 2026-05-13
V
VISA INC
Financial Services 0.75% #30
Prev: #—
3.8 23,216 no change
NEW
23,216 $7,016 2026 Q1 13F Filing 2026-03-31 2026-05-13
J
JACOBS SOLUTION...
Industrials 0.72% 0.57% #31 2
Prev: #33
2.3 2,748 5.5%
P
S
53,145 $6,764 2025 Q2 13F Filing 2026-03-31 2026-05-13
BAC
BANK OF AMERICA...
Financial Services 0.69% 0.59% #32 1
Prev: #31
0.8 6,226 4.9%
P
S
132,830 $6,475 2006 Q1 13F Filing 2026-03-31 2026-05-13
GRP/U
GRANITE REAL ES...
Unknown 0.67% 0.78% #33 9
Prev: #24
0.8 -7,517 -6.7%
P
S
104,627 $6,247 2025 Q1 13F Filing 2026-03-31 2026-05-13
UNH
UNITEDHEALTH GR...
Healthcare 0.65% 0.37% #34 13
Prev: #47
3.3 9,456 72.2%
P
S
22,555 $6,103 2023 Q2 13F Filing 2026-03-31 2026-05-13
CIGI
COLLIERS INTL G...
Real Estate 0.61% 0.70% #35 9
Prev: #26
2.7 11,724 28.7%
P
S
52,615 $5,712 2019 Q1 13F Filing 2026-03-31 2026-05-13
ING
ING GROEP N V
Financial Services 0.61% 0.50% #36 1
Prev: #37
0.7 10,114 4.9%
P
S
218,394 $5,689 2006 Q4 13F Filing 2026-03-31 2026-05-13
EOG
EOG RESOURCES
Energy 0.60% 0.39% #37 8
Prev: #45
0.7 -1,778 -4.4%
P
S
38,961 $5,632 2019 Q2 13F Filing 2026-03-31 2026-05-13
WMT
WALMART INC
Consumer Defensive 0.58% 0.40% #38 5
Prev: #43
2.2 2,096 5.0%
P
S
43,851 $5,449 2011 Q2 13F Filing 2026-03-31 2026-05-13
JPM
JPMORGAN & CHAS...
Financial Services 0.58% 0.48% #39 1
Prev: #38
0.7 764 4.3%
P
S
18,451 $5,427 2006 Q1 13F Filing 2026-03-31 2026-05-13
COST
COSTCO WHOLESAL...
Consumer Defensive 0.56% 0.37% #40 6
Prev: #46
0.7 239 4.7%
P
S
5,297 $5,278 2022 Q4 13F Filing 2026-03-31 2026-05-13
SAP
SAP SE
Technology 0.54% 0.57% #41 7
Prev: #34
2.2 2,423 8.8%
P
S
29,833 $5,107 2012 Q2 13F Filing 2026-03-31 2026-05-13
C
CITIGROUP INC.
Financial Services 0.51% 0.39% #42 2
Prev: #44
2.2 3,053 7.8%
P
S
42,269 $4,793 2013 Q2 13F Filing 2026-03-31 2026-05-13
MS
MORGAN STANLEY
Financial Services 0.50% 0.40% #43 1
Prev: #42
2.2 1,857 7.0%
P
S
28,279 $4,653 2011 Q3 13F Filing 2026-03-31 2026-05-13
GLW
CORNING INC.
Technology 0.49% 0.43% #44 3
Prev: #41
0.2 -24,314 -41.6%
P
S
34,141 $4,642 2011 Q4 13F Filing 2026-03-31 2026-05-13
RMR
RMR GROUP INC.
Real Estate 0.48% 0.37% #45 3
Prev: #48
1.2 no change no change
P
S
290,000 $4,486 2021 Q3 13F Filing 2026-03-31 2026-05-13
HD
HOME DEPOT
Consumer Cyclical 0.46% 0.37% #46 3
Prev: #49
2.2 679 5.4%
P
S
13,223 $4,348 2023 Q1 13F Filing 2026-03-31 2026-05-13
FRT
FEDERAL REALTY ...
Bond/Debt 0.42% 0.34% #47 3
Prev: #50
0.7 -2,703 -6.8%
P
S
36,888 $3,917 2018 Q1 13F Filing 2026-03-31 2026-05-13
TRNO
TERRENO REALTY ...
Real Estate 0.42% 0.31% #48 4
Prev: #52
0.7 1,342 2.2%
P
S
63,499 $3,900 2015 Q3 13F Filing 2026-03-31 2026-05-13
EQIX
EQUINIX INC.
Real Estate 0.41% 0.25% #49 12
Prev: #61
0.7 171 4.5%
P
S
3,971 $3,892 2019 Q1 13F Filing 2026-03-31 2026-05-13
N/A
SANOFI SA
Unknown 0.40% 0.30% #50 4
Prev: #54
2.2 5,142 7.0%
P
S
78,482 $3,781 13F Filing 2026-03-31 2026-05-13
Showing 1-50 of 73 holdings

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