Institutional
NICOLA WEALTH MANAGEMENT LTD.
CIK 0001734493
$833.0M
Reported AUM
62
Positions
Q1 2026
Period
2026-05-07
Filed
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.
Portfolio · Q1 2026
Top holdings
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | WCN | WASTE CONNECTIONS INC | $172.81 | 2.12% | -6.82% | 38.17% | $33.9M | 4.07% | — | HELD |
| 2 | PBA | PEMBINA PIPELINE CORP | $50.41 | 1.02% | 37.20% | 108.19% | $29.7M | 3.57% | — | HELD |
| 3 | SLF | SUN LIFE FINANCIAL INC. | $82.27 | -2.14% | 42.07% | 96.14% | $24.7M | 2.97% | — | HELD |
| 4 | TTE | TOTALENERGIES SE | $86.75 | 3.05% | 52.95% | 158.27% | $24.0M | 2.89% | — | HELD |
| 5 | T | AT&T INC | $23.94 | -2.92% | -7.83% | 59.47% | $22.0M | 2.64% | — | HELD |
| 6 | V | VISA INC | $368.73 | 0.58% | 9.62% | 67.02% | $21.5M | 2.58% | — | HELD |
| 7 | NVDA | NVIDIA CORPORATION | $190.01 | -3.55% | 13.56% | 782.99% | $21.5M | 2.58% | — | HELD |
| 8 | NFLX | NETFLIX INC. | $73.63 | 1.71% | -36.45% | 29.36% | $21.4M | 2.57% | — | HELD |
| 9 | UNP | UNION PAC CORP | $292.19 | -0.77% | 36.18% | 50.11% | $21.1M | 2.53% | — | HELD |
| 10 | ISRG | INTUITIVE SURGICAL INC | $353.10 | -2.40% | -26.91% | 0.54% | $19.8M | 2.37% | — | HELD |
| 11 | LIN | LINDE PLC | $511.17 | 0.00% | 11.84% | 72.45% | $19.7M | 2.37% | — | HELD |
| 12 | MSFT | MICROSOFT CORP | $390.54 | -0.71% | -24.89% | 34.54% | $19.6M | 2.36% | — | HELD |
| 13 | BAM | BROOKFIELD ASSET MANAGMT LTD | $47.35 | -1.46% | -16.69% | 90.01% | $19.3M | 2.31% | — | HELD |
| 14 | META | META PLATFORMS INC | $585.61 | -1.31% | -20.62% | 57.79% | $19.0M | 2.28% | — | HELD |
| 15 | BCE | BCE INC | $22.33 | 2.38% | -2.56% | -41.37% | $18.4M | 2.21% | — | HELD |
| 16 | STN | STANTEC INC | $71.62 | -0.25% | -34.14% | 53.66% | $17.5M | 2.10% | — | HELD |
| 17 | AMZN | AMAZON COM INC | $226.65 | -1.82% | 7.50% | 33.03% | $17.5M | 2.10% | — | HELD |
| 18 | CNI | CANADIAN NATL RY CO | $129.84 | 0.25% | 42.07% | 21.43% | $17.3M | 2.08% | — | HELD |
| 19 | TD | TORONTO DOMINION BK ONT | $116.99 | -2.84% | 63.61% | 119.19% | $17.2M | 2.06% | — | HELD |
| 20 | CNQ | CANADIAN NAT RES LTD MED TER | $46.45 | 5.11% | 52.96% | 258.86% | $16.4M | 1.97% | — | HELD |
| 21 | SNPS | SYNOPSYS INC | $373.69 | -2.64% | -39.60% | 12.48% | $16.1M | 1.94% | — | HELD |
| 22 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | $374.67 | -4.50% | 61.05% | 241.53% | $15.9M | 1.91% | — | HELD |
| 23 | NOW | SERVICENOW INC | $115.76 | 4.65% | -36.70% | -10.07% | $15.8M | 1.90% | — | HELD |
| 24 | TU | TELUS CORPORATION | $11.13 | 4.12% | -28.14% | -38.83% | $15.7M | 1.89% | — | HELD |
| 25 | AAPL | APPLE INC | $338.19 | -0.56% | 67.77% | 128.17% | $15.5M | 1.86% | — | HELD |
| 26 | INFY | INFOSYS LTD | $12.60 | 2.02% | -21.96% | -40.43% | $15.4M | 1.85% | — | HELD |
| 27 | H | HYATT HOTELS CORP | $186.02 | -1.49% | 37.85% | 160.21% | $15.2M | 1.82% | — | HELD |
| 28 | DE | DEERE & CO | $610.95 | -4.52% | 23.48% | 72.59% | $14.7M | 1.76% | — | HELD |
| 29 | HDB | HDFC BANK LTD | $24.03 | 1.91% | -37.71% | -35.22% | $13.4M | 1.61% | — | HELD |
| 30 | CCK | CROWN HLDGS INC | $119.76 | -1.19% | 24.98% | 16.28% | $13.2M | 1.59% | — | HELD |
| 31 | WMT | WALMART INC | $114.22 | 0.99% | — | — | $13.1M | 1.57% | — | HELD |
| 32 | GOOGL | ALPHABET INC | $336.71 | 0.90% | — | — | $12.9M | 1.55% | — | HELD |
| 33 | KO | COCA COLA CO | $89.08 | 0.92% | — | — | $12.9M | 1.55% | — | HELD |
| 34 | TTEK | TETRA TECH INC NEW | $33.78 | 0.81% | — | — | $12.4M | 1.49% | — | HELD |
| 35 | TFII | TRANSFORCE INC | $141.03 | -4.55% | — | — | $12.1M | 1.46% | — | HELD |
| 36 | FSV | FIRSTSERVICE CORP NEW | $142.41 | -0.43% | — | — | $12.0M | 1.44% | — | HELD |
| 37 | PLD | PROLOGIS INC. | $145.47 | -1.12% | — | — | $11.8M | 1.41% | — | HELD |
| 38 | AVGO | BROADCOM INC | $370.32 | -2.78% | — | — | $11.6M | 1.39% | — | HELD |
| 39 | CUBE | CUBESMART | $42.43 | -0.16% | — | — | $11.3M | 1.36% | — | HELD |
| 40 | MCO | MOODYS CORP | $483.24 | -0.20% | — | — | $10.9M | 1.31% | — | HELD |
| 41 | ADBE | ADOBE INC | $263.43 | 5.72% | — | — | $10.7M | 1.29% | — | HELD |
| 42 | MSA | MSA SAFETY INC | $175.81 | -2.18% | — | — | $10.7M | 1.29% | — | HELD |
| 43 | MSI | MOTOROLA SOLUTIONS INC | $434.20 | -1.39% | — | — | $10.0M | 1.20% | — | HELD |
| 44 | AJG | GALLAGHER ARTHUR J & CO | $268.91 | 1.36% | — | — | $9.3M | 1.12% | — | HELD |
| 45 | TJX | TJX COS INC NEW | $161.63 | 0.52% | — | — | $8.9M | 1.07% | — | HELD |
| 46 | GIB | CGI INC | $74.50 | 4.34% | — | — | $8.9M | 1.07% | — | HELD |
| 47 | IDXX | IDEXX LABS INC | $569.77 | 0.04% | — | — | $8.3M | 1.00% | — | HELD |
| 48 | AMG | AFFILIATED MANAGERS GROUP | $360.07 | -2.72% | — | — | $8.0M | 0.96% | — | HELD |
| 49 | EPC | EDGEWELL PERSONAL CARE CO | $28.22 | -0.18% | — | — | $6.6M | 0.79% | — | HELD |
| 50 | SANM | SANMINA CORP | $163.85 | -4.98% | — | — | $6.5M | 0.78% | — | HELD |
| 51 | PLXS | PLEXUS CORP | $240.49 | -3.83% | — | — | $5.9M | 0.71% | — | HELD |
| 52 | BHE | BENCHMARK ELECTRS INC | $74.11 | -3.67% | — | — | $5.7M | 0.68% | — | HELD |
| 53 | COKE | COCA COLA CONS INC | $192.39 | -1.34% | — | — | $5.7M | 0.68% | — | HELD |
| 54 | REZI | RESIDEO TECHNOLOGIES INC | $35.67 | -2.67% | — | — | $5.3M | 0.64% | — | HELD |
| 55 | SLGN | SILGAN HLDGS INC | $42.65 | -11.16% | — | — | $5.3M | 0.64% | — | HELD |
| 56 | CRI | CARTERS INC | $38.70 | -1.93% | — | — | $5.0M | 0.61% | — | HELD |
| 57 | BCO | BRINKS CO | $121.71 | 2.94% | — | — | $4.9M | 0.59% | — | HELD |
| 58 | PRGO | PERRIGO CO PLC | $10.43 | 1.26% | — | — | $3.9M | 0.47% | — | HELD |
| 59 | IONS | IONIS PHARMACEUTICALS INC | $54.04 | -2.28% | — | — | $3.9M | 0.47% | — | HELD |
| 60 | PDS | PRECISION DRILLING CORP | $73.12 | -6.58% | — | — | $2.8M | 0.33% | — | HELD |
| 61 | NBR | NABORS INDUSTRIES LTD | $79.26 | 4.79% | — | — | $2.0M | 0.24% | — | HELD |
| 62 | HYG | ISHARES TR | $79.24 | -0.23% | — | — | $1.1M | 0.13% | — | HELD |
Source: SEC EDGAR · accession 0001734493-26-000004. 13F discloses long positions only — shorts, foreign equities, and options are excluded.