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Portfolio (Quarterly) Guide ↗

LINCLUDEN MANAGEMENT LTD

· CIK 0001058231
13F Portfolio $939M AUM 70 positions Filed May 13, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 2 New 32 Added 35 Reduced 3 Exited
Page 2 of 4  ·  70 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 CSCO CISCO SYSTEMS INC. Technology 144,285.0 $11.2M 1.19% +3K +2.3% $77.59 +54.2%
22 GOOGL ALPHABET INC. Communication Services 33,214.0 $9.6M 1.02% +2K +5.5% $287.56 +35.2%
23 VZ VERIZON COMMUNICATIONS Communication Services 186,004.0 $9.3M 0.99% -56K -23.0% $50.20 -3.9%
24 FSV FIRST SERVICE CORP Real Estate 64,666.0 $9.1M 0.97% +18K +37.9% $141.26 -4.6%
25 DEO DIAGEO PLC-SPONS ADR Consumer Defensive 114,963.0 $8.6M 0.91% +15K +15.3% $74.44 +16.3%
26 MSFT MICROSOFT CORP. Technology 22,004.0 $8.1M 0.87% +5K +29.5% $370.16 +11.5%
27 USB US BANCORP Financial Services 138,634.0 $7.2M 0.77% +6K +4.7% $52.01 +5.2%
28 AMT AMERICAN TOWER CORP Real Estate 41,505.0 $7.2M 0.76% +2K +5.0% $172.56 +7.2%
29 TMO THERMO FISHER Healthcare 14,421.0 $7.1M 0.76% +3K +28.3% $491.51 -7.2%
30 V VISA INC Financial Services 23,216.0 $7.0M 0.75% NEW $302.21 +8.4%
31 J JACOBS SOLUTIONS INC. Industrials 53,145.0 $6.8M 0.72% +3K +5.5% $127.27 -8.9%
32 BAC BANK OF AMERICA CORPORATION Financial Services 132,830.0 $6.5M 0.69% +6K +4.9% $48.75 +4.8%
33 GRANITE REAL ESTATE INVT TR 104,627.0 $6.2M 0.67% -8K -6.7% $59.71
34 UNH UNITEDHEALTH GROUP INC COM Healthcare 22,555.0 $6.1M 0.65% +9K +72.2% $270.58 +41.9%
35 CIGI COLLIERS INTL GROUP INC. Real Estate 52,615.0 $5.7M 0.61% +12K +28.7% $108.56 -11.4%
36 ING ING GROEP N V Financial Services 218,394.0 $5.7M 0.61% +10K +4.9% $26.05 +19.4%
37 EOG EOG RESOURCES Energy 38,961.0 $5.6M 0.60% -2K -4.4% $144.55 -7.1%
38 WMT WALMART INC Consumer Defensive 43,851.0 $5.4M 0.58% +2K +5.0% $124.26 -4.6%
39 JPM JPMORGAN & CHASE & CO COM Financial Services 18,451.0 $5.4M 0.58% +764.0 +4.3% $294.13 +1.8%
40 COST COSTCO WHOLESALE Consumer Defensive 5,297.0 $5.3M 0.56% +239.0 +4.7% $996.41 +0.7%
Page 2 of 4  ·  70 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 32.0%
Energy 18.9%
Communication Services 10.8%
Consumer Cyclical 7.9%
Technology 5.9%
Real Estate 5.5%
Industrials 5.3%
Utilities 4.6%
Basic Materials 3.6%
Healthcare 3.3%