Q2 2025 · 13F-HR
NICOLA WEALTH MANAGEMENT LTD.holdings as filed
Filed 2025-08-11 · accession 0001734493-25-000009
$1.07B
Reported value
104
Positions
2025-06-30
Period end
The Brief · NICOLA WEALTH MANAGEMENT LTD. · Q2 2025
AI · grounded in 13F
NICOLA WEALTH MANAGEMENT LTD. established a new position in BNS valued at $140.2M. The fund also initiated new stakes in TD for $45.4M and MSFT for $36.6M. Additional new positions include TU at $33M and AVGO at $32.7M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 064149107 | BNS | BANK NOVA SCOTIA HALIFAX | $140.2M | 13.1% | 2,535,100 | Common | NONE |
| 891160509 | TD | TORONTO DOMINION BK ONT | $45.4M | 4.26% | 617,602 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $36.6M | 3.43% | 73,560 | Common | NONE |
| 87971M103 | TU | TELUS CORPORATION | $33.0M | 3.09% | 2,053,419 | Common | NONE |
| 11135F101 | AVGO | BROADCOM INC | $32.7M | 3.07% | 118,800 | Common | NONE |
| 30303M102 | META | META PLATFORMS INC | $29.2M | 2.73% | 39,500 | Common | NONE |
| 023135106 | AMZN | AMAZON COM INC | $25.4M | 2.38% | 115,800 | Common | NONE |
| 92826C839 | V | VISA INC | $25.2M | 2.36% | 71,000 | Common | NONE |
| 931142103 | WMT | WALMART INC | $23.5M | 2.20% | 240,200 | Common | NONE |
| 81762P102 | NOW | SERVICENOW INC | $22.6M | 2.12% | 22,000 | Common | NONE |
| 46434V647 | REET | ISHARES TR | $22.3M | 2.09% | 903,300 | Common | NONE |
| 244199105 | DE | DEERE & CO | $22.1M | 2.07% | 43,500 | Common | NONE |
| 94106B101 | WCN | WASTE CONNECTIONS INC | $21.9M | 2.06% | 117,400 | Common | NONE |
| 907818108 | UNP | UNION PAC CORP | $21.7M | 2.03% | 94,200 | Common | NONE |
| 00206R102 | T | AT&T INC | $20.5M | 1.92% | 709,400 | Common | NONE |
| 02079K305 | GOOGL | ALPHABET INC | $20.1M | 1.88% | 113,900 | Common | NONE |
| 448579102 | H | HYATT HOTELS CORP | $19.3M | 1.81% | 138,500 | Common | NONE |
| G54950103 | LIN | LINDE PLC | $18.7M | 1.75% | 39,800 | Common | NONE |
| 45168D104 | IDXX | IDEXX LABS INC | $18.7M | 1.75% | 34,800 | Common | NONE |
| 866796105 | SLF | SUN LIFE FINANCIAL INC. | $18.4M | 1.73% | 277,300 | Common | NONE |
| 74340W103 | PLD | PROLOGIS INC. | $18.2M | 1.71% | 173,544 | Common | NONE |
| 136375102 | CNI | CANADIAN NATL RY CO | $18.2M | 1.71% | 174,600 | Common | NONE |
| 136385101 | CNQ | CANADIAN NAT RES LTD | $18.1M | 1.70% | 575,900 | Common | NONE |
| 228368106 | CCK | CROWN HLDGS INC | $18.0M | 1.69% | 175,000 | Common | NONE |
| 00724F101 | ADBE | ADOBE INC | $17.1M | 1.60% | 44,200 | Common | NONE |
| 64110L106 | NFLX | NETFLIX INC | $16.1M | 1.51% | 12,000 | Common | NONE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $15.2M | 1.42% | 67,000 | Common | NONE |
| 46120E602 | ISRG | INTUITIVE SURGICAL INC | $14.5M | 1.36% | 26,600 | Common | NONE |
| 05534B760 | BCE | BCE INC | $14.0M | 1.31% | 632,400 | Common | NONE |
| 229663109 | CUBE | CUBESMART | $13.6M | 1.28% | 320,300 | Common | NONE |
| 12532H104 | GIB | CGI INC | $12.8M | 1.20% | 122,000 | Common | NONE |
| 456788108 | INFY | INFOSYS LTD | $12.6M | 1.18% | 680,000 | Common | NONE |
| 87807B107 | TRP | TC ENERGY CORP | $12.6M | 1.18% | 257,696 | Common | NONE |
| 285512109 | EA | ELECTRONIC ARTS INC | $12.4M | 1.17% | 77,900 | Common | NONE |
| 872540109 | TJX | TJX COS INC NEW | $11.9M | 1.11% | 96,000 | Common | NONE |
| 706327103 | PBA | PEMBINA PIPELINE CORP | $11.5M | 1.07% | 305,400 | Common | NONE |
| 191216100 | KO | COCA COLA CO | $9.2M | 0.86% | 130,000 | Common | NONE |
| 40415F101 | HDB | HDFC BANK LTD | $8.8M | 0.83% | 115,000 | Common | NONE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $8.4M | 0.78% | 53,000 | Common | NONE |
| 482480100 | KLAC | KLA CORP | $8.1M | 0.76% | 9,000 | Common | NONE |
| 363576109 | AJG | GALLAGHER ARTHUR J & CO | $8.0M | 0.75% | 25,000 | Common | NONE |
| 13646K108 | CP | CANADIAN PACIFIC KANSAS CITY | $7.7M | 0.72% | 96,400 | Common | NONE |
| 911363109 | URI | UNITED RENTALS INC | $6.9M | 0.65% | 9,200 | Common | NONE |
| 85472N109 | STN | STANTEC INC | $6.4M | 0.60% | 59,100 | Common | NONE |
| 827048109 | SLGN | SILGAN HLDGS INC | $5.7M | 0.54% | 105,900 | Common | NONE |
| 113004105 | BAM | BROOKFIELD ASSET MANAGMT LTD | $5.6M | 0.52% | 100,558 | Common | NONE |
| G97822103 | PRGO | PERRIGO CO PLC | $5.4M | 0.51% | 203,000 | Common | NONE |
| 801056102 | SANM | SANMINA CORPORATION | $5.4M | 0.51% | 55,100 | Common | NONE |
| 147528103 | CASY | CASEYS GEN STORES INC | $5.3M | 0.50% | 10,400 | Common | NONE |
| 76118Y104 | REZI | RESIDEO TECHNOLOGIES INC | $5.1M | 0.47% | 229,600 | Common | NONE |
| 466313103 | JBL | JABIL INC | $4.9M | 0.46% | 22,500 | Common | NONE |
| 08160H101 | BHE | BENCHMARK ELECTRS INC | $4.8M | 0.45% | 124,600 | Common | NONE |
| 01881G106 | AB | ALLIANCEBERNSTEIN HLDG L P | $4.7M | 0.44% | 114,000 | Common | NONE |
| 387437205 | GRTUF | GRANITE REAL ESTATE INVT TR | $4.6M | 0.43% | 90,500 | Common | NONE |
| 191098102 | COKE | COCA COLA CONS INC | $4.5M | 0.42% | 40,600 | Common | NONE |
| 008252108 | AMG | AFFILIATED MANAGERS GROUP IN | $4.3M | 0.41% | 22,000 | Common | NONE |
| 109696104 | BCO | BRINKS CO | $3.7M | 0.35% | 41,600 | Common | NONE |
| 462222100 | IONS | IONIS PHARMACEUTICALS INC | $3.4M | 0.32% | 87,000 | Common | NONE |
| 95040Q104 | WELL | WELLTOWER INC | $3.2M | 0.30% | 20,642 | Common | NONE |
| 253868103 | DLR | DIGITAL RLTY TR INC | $3.1M | 0.29% | 17,732 | Common | NONE |
| 98419M100 | XYL | XYLEM INC | $2.8M | 0.27% | 22,000 | Common | NONE |
| G16258108 | BEP | BROOKFIELD RENEWABLE PARTNER | $2.8M | 0.26% | 110,000 | Common | NONE |
| 29444U700 | EQIX | EQUINIX INC | $2.8M | 0.26% | 3,486 | Common | NONE |
| 21037T109 | CEG | CONSTELLATION ENERGY CORP | $2.7M | 0.26% | 8,500 | Common | NONE |
| 686688102 | ORA | ORMAT TECHNOLOGIES INC | $2.7M | 0.26% | 32,500 | Common | NONE |
| 030420103 | AWK | AMERICAN WTR WKS CO INC NEW | $2.7M | 0.25% | 19,500 | Common | NONE |
| 65339F101 | NEE | NEXTERA ENERGY INC | $2.7M | 0.25% | 38,500 | Common | NONE |
| 74762E102 | QURE | QUANTA SVCS INC | $2.6M | 0.25% | 7,000 | Common | NONE |
| 28035Q102 | EPC | EDGEWELL PERS CARE CO | $2.6M | 0.24% | 110,200 | Common | NONE |
| 465741106 | ITRI | ITRON INC | $2.4M | 0.23% | 18,500 | Common | NONE |
| 26484T106 | DNB | DUN & BRADSTREET HLDGS INC | $2.4M | 0.23% | 267,000 | Common | NONE |
| 41068X100 | HASI | HA SUSTAINABLE INFRA CAP INC | $2.4M | 0.23% | 90,000 | Common | NONE |
| 29476L107 | EQR | EQUITY RESIDENTIAL | $2.4M | 0.22% | 34,943 | Common | NONE |
| 336433107 | FSLR | FIRST SOLAR INC | $2.3M | 0.22% | 14,000 | Common | NONE |
| 13321L108 | CCJ | CAMECO CORP | $2.3M | 0.22% | 31,000 | Common | NONE |
| 344849104 | WOO | FOOT LOCKER INC | $2.2M | 0.21% | 91,000 | Common | NONE |
| 931427108 | WFC | WALGREENS BOOTS ALLIANCE INC | $2.2M | 0.20% | 190,000 | Common | NONE |
| 146229109 | CRI | CARTERS INC | $2.1M | 0.20% | 71,100 | Common | NONE |
| 46187W107 | INVH | INVITATION HOMES INC | $2.0M | 0.19% | 61,231 | Common | NONE |
| 133131102 | CPT | CAMDEN PPTY TR | $1.7M | 0.16% | 15,471 | Common | NONE |
| 925652109 | VICI | VICI PPTYS INC | $1.7M | 0.16% | 52,537 | Common | NONE |
| 74460D109 | PSA | PUBLIC STORAGE OPER CO | $1.6M | 0.15% | 5,480 | Common | NONE |
| 92276F100 | VTR | VENTAS INC | $1.5M | 0.14% | 23,770 | Common | NONE |
| 008492100 | ADC | AGREE RLTY CORP | $1.5M | 0.14% | 20,296 | Common | NONE |
| 43300A203 | HLT | HILTON WORLDWIDE HLDGS INC | $1.4M | 0.14% | 5,440 | Common | NONE |
| 12504L109 | CBRE | CBRE GROUP INC | $1.4M | 0.13% | 10,055 | Common | NONE |
| 828806109 | SPG | SIMON PPTY GROUP INC NEW | $1.4M | 0.13% | 8,550 | Common | NONE |
| 140475203 | SNDA | SONIDA SENIOR LIVING INC | $1.4M | 0.13% | 54,977 | Common | NONE |
| 74022D407 | PDS | PRECISION DRILLING CORP | $1.3M | 0.12% | 28,000 | Common | NONE |
| 758849103 | REG | REGENCY CTRS CORP | $1.3M | 0.12% | 17,900 | Common | NONE |
| 92537N108 | VRT | VERTIV HOLDINGS CO | $1.2M | 0.11% | 9,000 | Common | NONE |
| 29355A107 | ENPH | ENPHASE ENERGY INC | $1.1M | 0.10% | 28,000 | Common | NONE |
| 88162G103 | TTEK | TETRA TECH INC NEW | $1.1M | 0.10% | 30,000 | Common | NONE |
| 03027X100 | AMT | AMERICAN TOWER CORP NEW | $1.1M | 0.10% | 4,881 | Common | NONE |
| 277276101 | EGP | EASTGROUP PPTYS INC | $1.0M | 0.10% | 6,200 | Common | NONE |
| 637417106 | NNN | NNN REIT INC | $928,629 | 0.09% | 21,506 | Common | NONE |
| 65290E101 | NXT | NEXTRACKER INC | $924,290 | 0.09% | 17,000 | Common | NONE |
| 093712107 | BE | BLOOM ENERGY CORP | $837,200 | 0.08% | 35,000 | Common | NONE |
| 11120U105 | BRX | BRIXMOR PPTY GROUP INC | $756,722 | 0.07% | 29,060 | Common | NONE |
| 78440X887 | SLG | SL GREEN RLTY CORP | $717,792 | 0.07% | 11,596 | Common | NONE |
| G6359F137 | NBR | NABORS INDUSTRIES LTD | $650,064 | 0.06% | 23,200 | Common | NONE |
| 431284108 | HIW | HIGHWOODS PPTYS INC | $595,684 | 0.06% | 19,160 | Common | NONE |
| 423452101 | HP | HELMERICH & PAYNE INC | $392,644 | 0.04% | 25,900 | Common | NONE |
| 444097109 | — | HUDSON PAC PPTYS INC | $392,094 | 0.04% | 143,100 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.