Q3 2025 · 13F-HR
NICOLA WEALTH MANAGEMENT LTD.holdings as filed
Filed 2025-10-31 · accession 0001734493-25-000010
$1.12B
Reported value
65
Positions
2025-09-30
Period end
The Brief · NICOLA WEALTH MANAGEMENT LTD. · Q3 2025
AI · grounded in 13F
NICOLA WEALTH MANAGEMENT LTD. established a new position in TC ENERGY CORP TRP valued at $125.2M. The fund also initiated new stakes in CANADIAN IMPERIAL BANK OF CO CM for $75.9M and MICROSOFT CORP MSFT for $34.5M. Additional new positions include TORONTO DOMINION BK ONT TD and TELUS CORPORATION TU.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 87807B107 | TRP | TC ENERGY CORP | $125.2M | 11.1% | 2,302,996 | Common | NONE |
| 136069101 | CM | CANADIAN IMPERIAL BANK OF CO | $75.9M | 6.76% | 950,000 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $34.5M | 3.07% | 66,560 | Common | NONE |
| 891160509 | TD | TORONTO DOMINION BK ONT | $34.2M | 3.04% | 427,202 | Common | NONE |
| 87971M103 | TU | TELUS CORPORATION | $33.5M | 2.98% | 2,125,419 | Common | NONE |
| 064149107 | BNS | BANK NOVA SCOTIA HALIFAX | $33.5M | 2.98% | 517,300 | Common | NONE |
| 94106B101 | WCN | WASTE CONNECTIONS INC | $33.1M | 2.94% | 188,100 | Common | NONE |
| 706327103 | PBA | PEMBINA PIPELINE CORP | $31.2M | 2.78% | 771,500 | Common | NONE |
| 30303M102 | META | META PLATFORMS INC | $30.1M | 2.68% | 41,000 | Common | NONE |
| 907818108 | UNP | UNION PAC CORP | $26.5M | 2.36% | 112,000 | Common | NONE |
| 023135106 | AMZN | AMAZON COM INC | $25.4M | 2.26% | 115,800 | Common | NONE |
| 81762P102 | NOW | SERVICENOW INC | $25.4M | 2.26% | 27,600 | Common | NONE |
| 46120E602 | ISRG | INTUITIVE SURGICAL INC | $25.0M | 2.22% | 55,800 | Common | NONE |
| 92826C839 | V | VISA INC | $24.2M | 2.16% | 71,000 | Common | NONE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $22.9M | 2.04% | 123,000 | Common | NONE |
| 00206R102 | T | AT&T INC | $22.3M | 1.98% | 789,400 | Common | NONE |
| 866796105 | SLF | SUN LIFE FINANCIAL INC. | $21.4M | 1.91% | 356,800 | Common | NONE |
| 244199105 | DE | DEERE & CO | $20.8M | 1.85% | 45,500 | Common | NONE |
| 448579102 | H | HYATT HOTELS CORP | $19.7M | 1.75% | 138,500 | Common | NONE |
| 931142103 | WMT | WALMART INC | $19.6M | 1.74% | 190,200 | Common | NONE |
| G54950103 | LIN | LINDE PLC | $18.9M | 1.68% | 39,800 | Common | NONE |
| 136375102 | CNI | CANADIAN NATL RY CO | $18.7M | 1.67% | 198,800 | Common | NONE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $18.7M | 1.67% | 67,000 | Common | NONE |
| 136385101 | CNQ | CANADIAN NAT RES LTD | $18.4M | 1.64% | 575,900 | Common | NONE |
| 74340W103 | PLD | PROLOGIS INC. | $16.3M | 1.45% | 142,000 | Common | NONE |
| 00724F101 | ADBE | ADOBE INC | $15.6M | 1.39% | 44,200 | Common | NONE |
| 05534B760 | BCE | BCE INC | $14.8M | 1.32% | 632,400 | Common | NONE |
| 871607107 | SNPS | SYNOPSYS INC | $14.4M | 1.28% | 29,200 | Common | NONE |
| 64110L106 | NFLX | NETFLIX INC | $14.4M | 1.28% | 12,000 | Common | NONE |
| 456788108 | INFY | INFOSYS LTD | $13.4M | 1.19% | 822,000 | Common | NONE |
| 363576109 | AJG | GALLAGHER ARTHUR J & CO | $13.3M | 1.18% | 42,900 | Common | NONE |
| 228368106 | CCK | CROWN HLDGS INC | $12.7M | 1.13% | 132,000 | Common | NONE |
| 229663109 | CUBE | CUBESMART | $12.6M | 1.12% | 309,000 | Common | NONE |
| 553498106 | MSA | MSA SAFETY INC | $12.5M | 1.11% | 72,375 | Common | NONE |
| 113004105 | BAM | BROOKFIELD ASSET MANAGMT LTD | $12.3M | 1.10% | 216,558 | Common | NONE |
| 191216100 | KO | COCA COLA CO | $12.3M | 1.09% | 185,000 | Common | NONE |
| 45168D104 | IDXX | IDEXX LABS INC | $12.0M | 1.07% | 18,800 | Common | NONE |
| 02079K305 | GOOGL | ALPHABET INC | $11.8M | 1.05% | 48,500 | Common | NONE |
| 217204106 | CPRT | COPART INC | $11.5M | 1.02% | 255,000 | Common | NONE |
| 12532H104 | GIB | CGI INC | $10.9M | 0.97% | 122,000 | Common | NONE |
| 40415F101 | HDB | HDFC BANK LTD | $10.7M | 0.95% | 312,000 | Common | NONE |
| 13646K108 | CP | CANADIAN PACIFIC KANSAS CITY | $10.5M | 0.94% | 141,500 | Common | NONE |
| 11135F101 | AVGO | BROADCOM INC | $10.4M | 0.93% | 31,500 | Common | NONE |
| 464288513 | HYG | ISHARES TR | $10.1M | 0.90% | 125,000 | Common | NONE |
| 872540109 | TJX | TJX COS INC NEW | $10.0M | 0.89% | 69,000 | Common | NONE |
| 85472N109 | STN | STANTEC INC | $8.8M | 0.78% | 81,200 | Common | NONE |
| 87241L109 | TFII | TFI INTL INC | $7.1M | 0.63% | 81,000 | Common | NONE |
| 008252108 | AMG | AFFILIATED MANAGERS GROUP IN | $6.9M | 0.62% | 29,000 | Common | NONE |
| 942622200 | WSO | WATSCO INC | $6.9M | 0.61% | 17,000 | Common | NONE |
| 76118Y104 | REZI | RESIDEO TECHNOLOGIES INC | $6.8M | 0.61% | 157,600 | Common | NONE |
| 729132100 | PLXS | PLEXUS CORP | $6.7M | 0.59% | 46,000 | Common | NONE |
| 801056102 | SANM | SANMINA CORPORATION | $6.3M | 0.56% | 55,100 | Common | NONE |
| G97822103 | PRGO | PERRIGO CO PLC | $6.3M | 0.56% | 281,000 | Common | NONE |
| 462222100 | IONS | IONIS PHARMACEUTICALS INC | $5.7M | 0.51% | 87,000 | Common | NONE |
| 146229109 | CRI | CARTERS INC | $5.1M | 0.45% | 179,100 | Common | NONE |
| 387437205 | GRTUF | GRANITE REAL ESTATE INVT TR | $5.0M | 0.45% | 90,500 | Common | NONE |
| 109696104 | BCO | BRINKS CO | $4.9M | 0.43% | 41,600 | Common | NONE |
| 08160H101 | BHE | BENCHMARK ELECTRS INC | $4.8M | 0.43% | 124,600 | Common | NONE |
| 191098102 | COKE | COCA COLA CONS INC | $4.8M | 0.42% | 40,600 | Common | NONE |
| 827048109 | SLGN | SILGAN HLDGS INC | $4.6M | 0.41% | 105,900 | Common | NONE |
| 01881G106 | AB | ALLIANCEBERNSTEIN HLDG L P | $4.4M | 0.39% | 114,000 | Common | NONE |
| 28035Q102 | EPC | EDGEWELL PERS CARE CO | $4.1M | 0.36% | 199,200 | Common | NONE |
| 74022D407 | PDS | PRECISION DRILLING CORP | $1.6M | 0.14% | 28,000 | Common | NONE |
| G6359F137 | NBR | NABORS INDUSTRIES LTD | $948,119 | 0.08% | 23,200 | Common | NONE |
| 423452101 | HP | HELMERICH & PAYNE INC | $572,092 | 0.05% | 25,900 | 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.