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 | $168.38 | 1.27% | -10.34% | 32.94% | $33.9M | 4.07% | — | HELD |
| 2 | PBA | PEMBINA PIPELINE CORP | $49.07 | -2.70% | 35.44% | 105.52% | $29.7M | 3.57% | — | HELD |
| 3 | SLF | SUN LIFE FINANCIAL INC. | $83.33 | 0.68% | 39.70% | 92.88% | $24.7M | 2.97% | — | HELD |
| 4 | TTE | TOTALENERGIES SE | $87.97 | 1.09% | 53.44% | 159.11% | $24.0M | 2.89% | — | HELD |
| 5 | T | AT&T INC | $23.18 | -0.11% | -11.68% | 52.81% | $22.0M | 2.64% | — | HELD |
| 6 | V | VISA INC | $365.17 | -0.30% | 8.37% | 65.12% | $21.5M | 2.58% | — | HELD |
| 7 | NVDA | NVIDIA CORPORATION | $198.08 | 1.56% | 12.42% | 774.16% | $21.5M | 2.58% | — | HELD |
| 8 | NFLX | NETFLIX INC. | $71.62 | -2.12% | -36.85% | 28.55% | $21.4M | 2.57% | — | HELD |
| 9 | UNP | UNION PAC CORP | $292.55 | 1.07% | 34.09% | 47.81% | $21.1M | 2.53% | — | HELD |
| 10 | ISRG | INTUITIVE SURGICAL INC | $352.62 | -0.10% | -26.94% | 0.51% | $19.8M | 2.37% | — | HELD |
| 11 | LIN | LINDE PLC | $478.86 | -5.85% | 5.69% | 62.98% | $19.7M | 2.37% | — | HELD |
| 12 | MSFT | MICROSOFT CORP | $463.94 | 2.85% | -13.24% | 55.41% | $19.6M | 2.36% | — | HELD |
| 13 | BAM | BROOKFIELD ASSET MANAGMT LTD | $48.64 | 1.42% | -16.85% | 89.65% | $19.3M | 2.31% | — | HELD |
| 14 | META | META PLATFORMS INC | $549.42 | 1.93% | -27.89% | 43.33% | $19.0M | 2.28% | — | HELD |
| 15 | BCE | BCE INC | $21.52 | -0.83% | -3.97% | -42.22% | $18.4M | 2.21% | — | HELD |
| 16 | STN | STANTEC INC | $70.56 | 1.61% | -35.32% | 50.91% | $17.5M | 2.10% | — | HELD |
| 17 | AMZN | AMAZON COM INC | $270.97 | 15.06% | 9.66% | 35.70% | $17.5M | 2.10% | — | HELD |
| 18 | CNI | CANADIAN NATL RY CO | $127.45 | 0.25% | 38.94% | 18.76% | $17.3M | 2.08% | — | HELD |
| 19 | TD | TORONTO DOMINION BK ONT | $120.34 | 0.48% | 67.49% | 124.38% | $17.2M | 2.06% | — | HELD |
| 20 | CNQ | CANADIAN NAT RES LTD MED TER | $47.69 | 0.88% | 55.70% | 265.27% | $16.4M | 1.97% | — | HELD |
| 21 | SNPS | SYNOPSYS INC | $384.93 | 3.38% | -39.82% | 12.07% | $16.1M | 1.94% | — | HELD |
| 22 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | $407.33 | 1.00% | 73.36% | 267.64% | $15.9M | 1.91% | — | HELD |
| 23 | NOW | SERVICENOW INC | $111.17 | 1.00% | -39.81% | -14.49% | $15.8M | 1.90% | — | HELD |
| 24 | TU | TELUS CORPORATION | $9.47 | -12.07% | -27.60% | -38.37% | $15.7M | 1.89% | — | HELD |
| 25 | AAPL | APPLE INC | $300.58 | -9.85% | 65.41% | 124.96% | $15.5M | 1.86% | — | HELD |
| 26 | INFY | INFOSYS LTD | $11.93 | -0.17% | -24.52% | -42.38% | $15.4M | 1.85% | — | HELD |
| 27 | H | HYATT HOTELS CORP | $173.03 | -2.07% | 26.31% | 138.43% | $15.2M | 1.82% | — | HELD |
| 28 | DE | DEERE & CO | $596.60 | -0.48% | 21.16% | 69.35% | $14.7M | 1.76% | — | HELD |
| 29 | HDB | HDFC BANK LTD | $23.83 | -1.30% | -37.26% | -34.75% | $13.4M | 1.61% | — | HELD |
| 30 | CCK | CROWN HLDGS INC | $117.96 | -0.34% | 21.35% | 12.90% | $13.2M | 1.59% | — | HELD |
| 31 | WMT | WALMART INC | $111.48 | 0.34% | — | — | $13.1M | 1.57% | — | HELD |
| 32 | GOOGL | ALPHABET INC | $354.58 | 6.27% | — | — | $12.9M | 1.55% | — | HELD |
| 33 | KO | COCA COLA CO | $87.33 | -1.31% | — | — | $12.9M | 1.55% | — | HELD |
| 34 | TTEK | TETRA TECH INC NEW | $32.88 | 1.33% | — | — | $12.4M | 1.49% | — | HELD |
| 35 | TFII | TRANSFORCE INC | $135.63 | 1.00% | — | — | $12.1M | 1.46% | — | HELD |
| 36 | FSV | FIRSTSERVICE CORP NEW | $141.10 | -2.40% | — | — | $12.0M | 1.44% | — | HELD |
| 37 | PLD | PROLOGIS INC. | $144.51 | -1.15% | — | — | $11.8M | 1.41% | — | HELD |
| 38 | AVGO | BROADCOM INC | $388.14 | 0.08% | — | — | $11.6M | 1.39% | — | HELD |
| 39 | CUBE | CUBESMART | $41.40 | 0.39% | — | — | $11.3M | 1.36% | — | HELD |
| 40 | MCO | MOODYS CORP | $478.04 | -0.88% | — | — | $10.9M | 1.31% | — | HELD |
| 41 | ADBE | ADOBE INC | $247.68 | -0.09% | — | — | $10.7M | 1.29% | — | HELD |
| 42 | MSA | MSA SAFETY INC | $193.96 | 11.25% | — | — | $10.7M | 1.29% | — | HELD |
| 43 | MSI | MOTOROLA SOLUTIONS INC | $434.20 | 0.78% | — | — | $10.0M | 1.20% | — | HELD |
| 44 | AJG | GALLAGHER ARTHUR J & CO | $252.79 | -1.43% | — | — | $9.3M | 1.12% | — | HELD |
| 45 | TJX | TJX COS INC NEW | $157.89 | -0.86% | — | — | $8.9M | 1.07% | — | HELD |
| 46 | GIB | CGI INC | $73.11 | -0.18% | — | — | $8.9M | 1.07% | — | HELD |
| 47 | IDXX | IDEXX LABS INC | $554.20 | -0.82% | — | — | $8.3M | 1.00% | — | HELD |
| 48 | AMG | AFFILIATED MANAGERS GROUP | $371.02 | 1.52% | — | — | $8.0M | 0.96% | — | HELD |
| 49 | EPC | EDGEWELL PERSONAL CARE CO | $27.35 | 0.37% | — | — | $6.6M | 0.79% | — | HELD |
| 50 | SANM | SANMINA CORP | $189.15 | 3.09% | — | — | $6.5M | 0.78% | — | HELD |
| 51 | PLXS | PLEXUS CORP | $252.95 | 4.53% | — | — | $5.9M | 0.71% | — | HELD |
| 52 | BHE | BENCHMARK ELECTRS INC | $80.78 | 1.71% | — | — | $5.7M | 0.68% | — | HELD |
| 53 | COKE | COCA COLA CONS INC | $187.24 | -1.37% | — | — | $5.7M | 0.68% | — | HELD |
| 54 | REZI | RESIDEO TECHNOLOGIES INC | $34.06 | -1.90% | — | — | $5.3M | 0.64% | — | HELD |
| 55 | SLGN | SILGAN HLDGS INC | $40.47 | -1.45% | — | — | $5.3M | 0.64% | — | HELD |
| 56 | CRI | CARTERS INC | $38.17 | 0.99% | — | — | $5.0M | 0.61% | — | HELD |
| 57 | BCO | BRINKS CO | $116.50 | -0.83% | — | — | $4.9M | 0.59% | — | HELD |
| 58 | PRGO | PERRIGO CO PLC | $10.17 | -1.35% | — | — | $3.9M | 0.47% | — | HELD |
| 59 | IONS | IONIS PHARMACEUTICALS INC | $51.40 | -3.53% | — | — | $3.9M | 0.47% | — | HELD |
| 60 | PDS | PRECISION DRILLING CORP | $77.43 | 1.63% | — | — | $2.8M | 0.33% | — | HELD |
| 61 | NBR | NABORS INDUSTRIES LTD | $85.60 | 4.14% | — | — | $2.0M | 0.24% | — | HELD |
| 62 | HYG | ISHARES TR | $79.38 | -0.12% | — | — | $1.1M | 0.13% | — | HELD |
Source: SEC EDGAR · accession 0001734493-26-000004. 13F discloses long positions only — shorts, foreign equities, and options are excluded.