NICOLA WEALTH MANAGEMENT LTD. — 13F Holdings & Portfolio
CIK 1734493 · latest 13F-HR filed 2026-05-07
NICOLA WEALTH MANAGEMENT LTD. manages $833.0M in 13F-reported U.S. long-equity assets across 62 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are WCN (4.07%), PBA (3.57%), SLF (2.97%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 3 new positions, exited 6, added to 17, and trimmed 30.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$833.0M
Long-equity book
62
Distinct positions
2026-03-31
Filed 2026-05-07
+3 / −6 / ↑17 / ↓30
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- TOTALENERGIES SE$16.0M +200.2%
- STANTEC INC$11.4M +187.5%
- BROOKFIELD ASSET MANAGMT LTD$6.1M +46.2%
- NETFLIX INC.$5.8M +36.8%
- ALPHABET INC$4.3M +50.3%
Top Trims
- TORONTO DOMINION BK ONT-$17.1M -49.9%
- MICROSOFT CORP-$12.5M -39.0%
- ISHARES TR-$9.0M -89.2%
- PEMBINA PIPELINE CORP-$7.9M -21.0%
- AMAZON COM INC-$7.0M -28.5%
Exited Positions
- TC ENERGY CORP$110.1M
- BANK NOVA SCOTIA HALIFAX$100.4M
- CANADIAN PACIFIC KANSAS CITY$10.4M
- COPART INC$10.0M
- GARTNER INC$9.0M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | WASTE CONNECTIONS INC | WCN | 94106B101 | $33.9M | 4.07% | 208,600 | SH |
| 2 | PEMBINA PIPELINE CORP | PBA | 706327103 | $29.7M | 3.57% | 664,500 | SH |
| 3 | SUN LIFE FINANCIAL INC. | SLF | 866796105 | $24.7M | 2.97% | 394,400 | SH |
| 4 | TOTALENERGIES SE | TTE | F92124100 | $24.0M | 2.89% | 257,000 | SH |
| 5 | AT&T INC | T | 00206R102 | $22.0M | 2.64% | 758,400 | SH |
| 6 | VISA INC | V | 92826C839 | $21.5M | 2.58% | 71,000 | SH |
| 7 | NVIDIA CORPORATION | NVDA | 67066G104 | $21.5M | 2.58% | 123,000 | SH |
| 8 | NETFLIX INC. | NFLX | 64110L106 | $21.4M | 2.57% | 222,700 | SH |
| 9 | UNION PAC CORP | UNP | 907818108 | $21.1M | 2.53% | 87,000 | SH |
| 10 | INTUITIVE SURGICAL INC | ISRG | 46120E602 | $19.8M | 2.37% | 42,900 | SH |
| 11 | LINDE PLC | LIN | G54950103 | $19.7M | 2.37% | 39,800 | SH |
| 12 | MICROSOFT CORP | MSFT | 594918104 | $19.6M | 2.36% | 53,060 | SH |
| 13 | BROOKFIELD ASSET MANAGMT LTD | BAM | 113004105 | $19.3M | 2.31% | 433,758 | SH |
| 14 | META PLATFORMS INC | META | 30303M102 | $19.0M | 2.28% | 33,200 | SH |
| 15 | BCE INC | BCE | 05534B760 | $18.4M | 2.21% | 729,000 | SH |
| 16 | STANTEC INC | STN | 85472N109 | $17.5M | 2.10% | 202,800 | SH |
| 17 | AMAZON COM INC | AMZN | 023135106 | $17.5M | 2.10% | 83,800 | SH |
| 18 | CANADIAN NATL RY CO | CNI | 136375102 | $17.3M | 2.08% | 168,600 | SH |
| 19 | TORONTO DOMINION BK ONT | TD | 891160509 | $17.2M | 2.06% | 183,802 | SH |
| 20 | CANADIAN NAT RES LTD MED TER | CNQ | 136385101 | $16.4M | 1.97% | 336,100 | SH |
| 21 | SYNOPSYS INC | SNPS | 871607107 | $16.1M | 1.94% | 40,700 | SH |
| 22 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $15.9M | 1.91% | 47,000 | SH |
| 23 | SERVICENOW INC | NOW | 81762P102 | $15.8M | 1.90% | 151,500 | SH |
| 24 | TELUS CORPORATION | TU | 87971M103 | $15.7M | 1.89% | 1,223,219 | SH |
| 25 | APPLE INC | AAPL | 037833100 | $15.5M | 1.86% | 61,000 | SH |
| 26 | INFOSYS LTD | INFY | 456788108 | $15.4M | 1.85% | 1,141,000 | SH |
| 27 | HYATT HOTELS CORP | H | 448579102 | $15.2M | 1.82% | 105,500 | SH |
| 28 | DEERE & CO | DE | 244199105 | $14.7M | 1.76% | 26,100 | SH |
| 29 | HDFC BANK LTD | HDB | 40415F101 | $13.4M | 1.61% | 538,000 | SH |
| 30 | CROWN HLDGS INC | CCK | 228368106 | $13.2M | 1.59% | 132,000 | SH |
| 31 | WALMART INC | WMT | 931142103 | $13.1M | 1.57% | 105,200 | SH |
| 32 | ALPHABET INC | GOOGL | 02079K305 | $12.9M | 1.55% | 45,000 | SH |
| 33 | COCA COLA CO | KO | 191216100 | $12.9M | 1.55% | 170,000 | SH |
| 34 | TETRA TECH INC NEW | TTEK | 88162G103 | $12.4M | 1.49% | 411,000 | SH |
| 35 | TRANSFORCE INC | TFII | 87241L109 | $12.1M | 1.46% | 111,600 | SH |
| 36 | FIRSTSERVICE CORP NEW | FSV | 33767E202 | $12.0M | 1.44% | 86,090 | SH |
| 37 | PROLOGIS INC. | PLD | 74340W103 | $11.8M | 1.41% | 89,000 | SH |
| 38 | BROADCOM INC | AVGO | 11135F101 | $11.6M | 1.39% | 37,500 | SH |
| 39 | CUBESMART | CUBE | 229663109 | $11.3M | 1.36% | 309,000 | SH |
| 40 | MOODYS CORP | MCO | 615369105 | $10.9M | 1.31% | 25,100 | SH |
| 41 | ADOBE INC | ADBE | 00724F101 | $10.7M | 1.29% | 44,200 | SH |
| 42 | MSA SAFETY INC | MSA | 553498106 | $10.7M | 1.29% | 65,375 | SH |
| 43 | MOTOROLA SOLUTIONS INC | MSI | 620076307 | $10.0M | 1.20% | 23,000 | SH |
| 44 | GALLAGHER ARTHUR J & CO | AJG | 363576109 | $9.3M | 1.12% | 42,900 | SH |
| 45 | TJX COS INC NEW | TJX | 872540109 | $8.9M | 1.07% | 56,000 | SH |
| 46 | CGI INC | GIB | 12532H104 | $8.9M | 1.07% | 122,000 | SH |
| 47 | IDEXX LABS INC | IDXX | 45168D104 | $8.3M | 1.00% | 14,800 | SH |
| 48 | AFFILIATED MANAGERS GROUP | AMG | 008252108 | $8.0M | 0.96% | 29,000 | SH |
| 49 | EDGEWELL PERSONAL CARE CO | EPC | 28035Q102 | $6.6M | 0.79% | 308,200 | SH |
| 50 | SANMINA CORP | SANM | 801056102 | $6.5M | 0.78% | 50,100 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-07 | $833.0M | 62 | 0001734493-26-000004 |
| 2025-12-31 | 2026-02-09 | $1.10B | 65 | 0001734493-26-000002 |