Q1 2026 · 13F-HR
NICOLA WEALTH MANAGEMENT LTD.holdings as filed
Filed 2026-05-07 · accession 0001734493-26-000004
$833.0M
Reported value
62
Positions
2026-03-31
Period end
The Brief · NICOLA WEALTH MANAGEMENT LTD. · Q1 2026
AI · grounded in 13F
NICOLA WEALTH MANAGEMENT LTD. exited its position in TC Energy Corp TRP, reducing exposure by $110.1M. The fund also closed its position in Bank Nova Scotia Halifax BNS for $100.4M and trimmed its holding in Toronto Dominion Bk Ont TD by 49.4%. On the buy side, the fund established new positions in Apple Inc AAPL for $15.5M and Moodys Corp MCO for $10.9M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 94106B101 | WCN | WASTE CONNECTIONS INC | $33.9M | 4.07% | 208,600 | Common | NONE |
| 706327103 | PBA | PEMBINA PIPELINE CORP | $29.7M | 3.57% | 664,500 | Common | NONE |
| 866796105 | SLF | SUN LIFE FINANCIAL INC. | $24.7M | 2.97% | 394,400 | Common | NONE |
| F92124100 | TTE | TOTALENERGIES SE | $24.0M | 2.89% | 257,000 | Common | NONE |
| 00206R102 | T | AT&T INC | $22.0M | 2.64% | 758,400 | Common | NONE |
| 92826C839 | V | VISA INC | $21.5M | 2.58% | 71,000 | Common | NONE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $21.5M | 2.58% | 123,000 | Common | NONE |
| 64110L106 | NFLX | NETFLIX INC. | $21.4M | 2.57% | 222,700 | Common | NONE |
| 907818108 | UNP | UNION PAC CORP | $21.1M | 2.53% | 87,000 | Common | NONE |
| 46120E602 | ISRG | INTUITIVE SURGICAL INC | $19.8M | 2.37% | 42,900 | Common | NONE |
| G54950103 | LIN | LINDE PLC | $19.7M | 2.37% | 39,800 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $19.6M | 2.36% | 53,060 | Common | NONE |
| 113004105 | BAM | BROOKFIELD ASSET MANAGMT LTD | $19.3M | 2.31% | 433,758 | Common | NONE |
| 30303M102 | META | META PLATFORMS INC | $19.0M | 2.28% | 33,200 | Common | NONE |
| 05534B760 | BCE | BCE INC | $18.4M | 2.21% | 729,000 | Common | NONE |
| 85472N109 | STN | STANTEC INC | $17.5M | 2.10% | 202,800 | Common | NONE |
| 023135106 | AMZN | AMAZON COM INC | $17.5M | 2.10% | 83,800 | Common | NONE |
| 136375102 | CNI | CANADIAN NATL RY CO | $17.3M | 2.08% | 168,600 | Common | NONE |
| 891160509 | TD | TORONTO DOMINION BK ONT | $17.2M | 2.06% | 183,802 | Common | NONE |
| 136385101 | CNQ | CANADIAN NAT RES LTD MED TER | $16.4M | 1.97% | 336,100 | Common | NONE |
| 871607107 | SNPS | SYNOPSYS INC | $16.1M | 1.94% | 40,700 | Common | NONE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | $15.9M | 1.91% | 47,000 | Common | NONE |
| 81762P102 | NOW | SERVICENOW INC | $15.8M | 1.90% | 151,500 | Common | NONE |
| 87971M103 | TU | TELUS CORPORATION | $15.7M | 1.89% | 1,223,219 | Common | NONE |
| 037833100 | AAPL | APPLE INC | $15.5M | 1.86% | 61,000 | Common | NONE |
| 456788108 | INFY | INFOSYS LTD | $15.4M | 1.85% | 1,141,000 | Common | NONE |
| 448579102 | H | HYATT HOTELS CORP | $15.2M | 1.82% | 105,500 | Common | NONE |
| 244199105 | DE | DEERE & CO | $14.7M | 1.76% | 26,100 | Common | NONE |
| 40415F101 | HDB | HDFC BANK LTD | $13.4M | 1.61% | 538,000 | Common | NONE |
| 228368106 | CCK | CROWN HLDGS INC | $13.2M | 1.59% | 132,000 | Common | NONE |
| 931142103 | WMT | WALMART INC | $13.1M | 1.57% | 105,200 | Common | NONE |
| 02079K305 | GOOGL | ALPHABET INC | $12.9M | 1.55% | 45,000 | Common | NONE |
| 191216100 | KO | COCA COLA CO | $12.9M | 1.55% | 170,000 | Common | NONE |
| 88162G103 | TTEK | TETRA TECH INC NEW | $12.4M | 1.49% | 411,000 | Common | NONE |
| 87241L109 | TFII | TRANSFORCE INC | $12.1M | 1.46% | 111,600 | Common | NONE |
| 33767E202 | FSV | FIRSTSERVICE CORP NEW | $12.0M | 1.44% | 86,090 | Common | NONE |
| 74340W103 | PLD | PROLOGIS INC. | $11.8M | 1.41% | 89,000 | Common | NONE |
| 11135F101 | AVGO | BROADCOM INC | $11.6M | 1.39% | 37,500 | Common | NONE |
| 229663109 | CUBE | CUBESMART | $11.3M | 1.36% | 309,000 | Common | NONE |
| 615369105 | MCO | MOODYS CORP | $10.9M | 1.31% | 25,100 | Common | NONE |
| 00724F101 | ADBE | ADOBE INC | $10.7M | 1.29% | 44,200 | Common | NONE |
| 553498106 | MSA | MSA SAFETY INC | $10.7M | 1.29% | 65,375 | Common | NONE |
| 620076307 | MSI | MOTOROLA SOLUTIONS INC | $10.0M | 1.20% | 23,000 | Common | NONE |
| 363576109 | AJG | GALLAGHER ARTHUR J & CO | $9.3M | 1.12% | 42,900 | Common | NONE |
| 872540109 | TJX | TJX COS INC NEW | $8.9M | 1.07% | 56,000 | Common | NONE |
| 12532H104 | GIB | CGI INC | $8.9M | 1.07% | 122,000 | Common | NONE |
| 45168D104 | IDXX | IDEXX LABS INC | $8.3M | 1.00% | 14,800 | Common | NONE |
| 008252108 | AMG | AFFILIATED MANAGERS GROUP | $8.0M | 0.96% | 29,000 | Common | NONE |
| 28035Q102 | EPC | EDGEWELL PERSONAL CARE CO | $6.6M | 0.79% | 308,200 | Common | NONE |
| 801056102 | SANM | SANMINA CORP | $6.5M | 0.78% | 50,100 | Common | NONE |
| 729132100 | PLXS | PLEXUS CORP | $5.9M | 0.71% | 29,000 | Common | NONE |
| 08160H101 | BHE | BENCHMARK ELECTRS INC | $5.7M | 0.68% | 101,600 | Common | NONE |
| 191098102 | COKE | COCA COLA CONS INC | $5.7M | 0.68% | 29,600 | Common | NONE |
| 76118Y104 | REZI | RESIDEO TECHNOLOGIES INC | $5.3M | 0.64% | 157,600 | Common | NONE |
| 827048109 | SLGN | SILGAN HLDGS INC | $5.3M | 0.64% | 136,900 | Common | NONE |
| 146229109 | CRI | CARTERS INC | $5.0M | 0.61% | 141,100 | Common | NONE |
| 109696104 | BCO | BRINKS CO | $4.9M | 0.59% | 47,600 | Common | NONE |
| G97822103 | PRGO | PERRIGO CO PLC | $3.9M | 0.47% | 364,000 | Common | NONE |
| 462222100 | IONS | IONIS PHARMACEUTICALS INC | $3.9M | 0.47% | 52,000 | Common | NONE |
| 74022D407 | PDS | PRECISION DRILLING CORP | $2.8M | 0.33% | 28,000 | Common | NONE |
| G6359F137 | NBR | NABORS INDUSTRIES LTD | $2.0M | 0.24% | 23,200 | Common | NONE |
| 464288513 | HYG | ISHARES TR | $1.1M | 0.13% | 13,700 | 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.