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Nicola Wealth Management LTD.

Diversified strategyContrarianQuality / disciplined sizing

Total reported value

$833.0M

Reporting period: 2026-03-31 · Number of holdings: 62

NICOLA WEALTH MANAGEMENT LTD. disclosed 62 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $833.0M and a quarterly turnover rate of 48.5%.

Personality snowflake

Concentration
8.1
Portfolio Stability
48.49
Momentum/Contrarian
0
Sector conviction
43.96
Diversification
100
Sizing Uniformity
94.91

Recent moves

  • Add F92124100

    +78.5%　$16.0M

  • Add STN

    +213.9%　$11.4M

  • Add NFLX

    +33.4%　$5.8M

  • Add BAM

    +72.3%　$6.1M

  • Add WCN

    +12.5%　$1.4M

  • Trim TD

    -49.4%　-$17.1M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1WCNWaste Connections INCStock-Industrials4.07%+1.11%+12.51%
2PBAPembina Pipeline CORPStock-Energy3.57%+0.15%-32.73%
3SLFSun Life Financial INCStock-Financials2.97%+0.89%+7.50%
4✓ Totalenergies SeStock-Other2.89%+2.15%+78.47%
5TAt&t INCStock-Comm Services2.64%—-17.24%
6VVisa Inc-class A SharesStock-Financials2.58%+0.31%—
7NVDANvidia CORPStock-Tech2.58%+0.49%—
8NFLXNetflix INCStock-Comm Services2.57%+1.15%+33.35%
9UNPUnion Pacific CORPStock-Industrials2.53%+0.17%-22.32%
10ISRGIntuitive Surgical INCStock-Healthcare2.37%+0.16%—
11LINLinde plcStock-Materials2.37%+0.83%—
12MSFTMicrosoft CORPStock-Tech2.36%-0.57%-20.28%
13BAMBrookfield Asset Mgmt-aStock-Financials2.31%+1.11%+72.29%
14METAMeta Platforms Inc-class AStock-Comm Services2.28%+0.38%+4.73%
15BCEBce INCStock-Comm Services2.21%+0.63%—
16STNStantec INCStock-Other2.10%+1.55%+213.93%
17AMZNAmazon.com INCStock-Consumer Disc2.10%-0.12%-20.79%
18CNICanadian Natl Railway CoStock-Industrials2.08%+0.29%-15.19%
19TDToronto-dominion BankStock-Financials2.06%-1.06%-49.41%
20CNQCanadian Natural ResourcesStock-Energy1.97%+0.64%-22.36%
21SNPSSynopsys INCStock-Tech1.94%+0.69%+39.38%
22TSMTaiwan Semiconductor-sp AdrStock-Tech1.91%+0.06%-29.85%
23NOWServicenow INCStock-Tech1.90%-0.02%+9.78%
24TUTelus CORPStock-Other1.89%——
25AAPLApple INCStock-Tech1.86%+1.86%NEW
26INFYInfosys Ltd-sp AdrStock-Tech1.85%+0.31%+20.36%
27HHyatt Hotels CORP - Cl AStock-Consumer Disc1.82%+0.02%-14.57%
28DEDeere & CoStock-Industrials1.76%-0.17%-42.64%
29HDBHdfc Bank Ltd-adrStock-Financials1.61%+0.27%+33.50%
30CCKCrown Holdings INCStock-Consumer Disc1.59%——
31WMTWalmart INCStock-Consumer Staples1.57%-0.22%-40.30%
32GOOGLAlphabet Inc-cl AStock-Comm Services1.55%+0.77%+63.64%
33KOCoca-cola Co/theStock-Consumer Staples1.55%+0.47%—
34TTEKTetra Tech INCStock-Industrials1.49%—+12.60%
35TFIITfi International INCStock-Other1.46%+0.27%-11.85%
36FSVFirstservice CORPStock-Other1.44%+0.73%+70.85%
37PLDPrologis INCStock-Real Estate1.41%——
38AVGOBroadcom INCStock-Tech1.39%—+19.05%
39CUBECubesmartStock-Real Estate1.36%——
40MCOMoody's CORPStock-Financials1.31%+1.31%NEW
41ADBEAdobe INCStock-Tech1.29%-0.12%—
42MSAMsa Safety INCStock-Industrials1.29%+0.24%-9.67%
43MSIMotorola Solutions INCStock-Tech1.20%+1.20%NEW
44AJGArthur J Gallagher & CoStock-Financials1.12%+0.11%—
45TJXTjx Companies INCStock-Consumer Disc1.07%——
46GIBCgi INCStock-Tech1.07%+0.04%—
47IDXXIdexx Laboratories INCStock-Healthcare1.00%+0.09%—
48AMGAffiliated Managers GroupStock-Financials0.96%——
49EPCEdgewell Personal Care CoStock-Other0.79%+0.31%—
50SANMSanmina CORPStock-Tech0.78%+0.03%-9.07%
1–50 of 62

Holding changes this quarter

Nicola Wealth Management LTD.'s most significant position changes for 2026-03-31: Sold out: Tc Energy CORP (TRP); Sold out: Bank Of Nova Scotia (BNS); New buy: Apple INC (AAPL); New buy: Moody's CORP (MCO); Sold out: Canadian Pacific Kansas City (CP).

Position changes disclosed by Nicola Wealth Management LTD. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1✓ Totalenergies Se+2.2%+78.47%Add
2STNStantec INC+1.6%+213.93%Add
3NFLXNetflix INC+1.2%+33.35%Add
4BAMBrookfield Asset Mgmt-a+1.1%+72.29%Add
5WCNWaste Connections INC+1.1%+12.51%Add
6SLFSun Life Financial INC+0.9%+7.50%Add
7LINLinde plc+0.8%—Unchanged
8GOOGLAlphabet Inc-cl A+0.8%+63.64%Add
9FSVFirstservice CORP+0.7%+70.85%Add
10SNPSSynopsys INC+0.7%+39.38%Add
11CNQCanadian Natural Resources+0.6%-22.36%Trim
12BCEBce INC+0.6%—Unchanged
13NVDANvidia CORP+0.5%—Unchanged
14KOCoca-cola Co/the+0.5%—Unchanged
15METAMeta Platforms Inc-class A+0.4%+4.73%Add
16VVisa Inc-class A Shares+0.3%—Unchanged
17INFYInfosys Ltd-sp Adr+0.3%+20.36%Add
18EPCEdgewell Personal Care Co+0.3%—Unchanged
19CNICanadian Natl Railway Co+0.3%-15.19%Trim
20HDBHdfc Bank Ltd-adr+0.3%+33.50%Add
21TFIITfi International INC+0.3%-11.85%Trim
22MSAMsa Safety INC+0.2%-9.67%Trim
23UNPUnion Pacific CORP+0.2%-22.32%Trim
24ISRGIntuitive Surgical INC+0.2%—Unchanged
25PBAPembina Pipeline CORP+0.2%-32.73%Trim
26AJGArthur J Gallagher & Co+0.1%—Unchanged
27IDXXIdexx Laboratories INC+0.1%—Unchanged
28PLXSPlexus CORP+0.1%-36.96%Trim
29TSMTaiwan Semiconductor-sp Adr+0.1%-29.85%Trim
30GIBCgi INC0%—Unchanged
31SANMSanmina CORP0%-9.07%Trim
32HHyatt Hotels CORP - Cl A0%-14.57%Trim
33NOWServicenow INC0%+9.78%Add
34AMZNAmazon.com INC-0.1%-20.79%Trim
35ADBEAdobe INC-0.1%—Unchanged
36IONSIonis Pharmaceuticals INC-0.2%-40.23%Trim
37DEDeere & Co-0.2%-42.64%Trim
38WMTWalmart INC-0.2%-40.30%Trim
39MSFTMicrosoft CORP-0.6%-20.28%Trim
40HYGIshr Ibx Usd Hiyld Cb Etf-ui-0.8%-89.04%Trim
41TDToronto-dominion Bank-1.1%-49.41%Trim
42TRPTc Energy CORP—EXITSold out
43BNSBank Of Nova Scotia—EXITSold out
44AAPLApple INC—NEWNew buy
45MCOMoody's CORP—NEWNew buy
46CPCanadian Pacific Kansas City—EXITSold out
47CPRTCopart INC—EXITSold out
48MSIMotorola Solutions INC—NEWNew buy
49ITGartner INC—EXITSold out
50WSOWatsco INC—EXITSold out

FAQ

What is Nicola Wealth Management LTD. and what type of investor is it?
Nicola Wealth Management LTD. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $833.0M, spread across 62 disclosed positions.
What are Nicola Wealth Management LTD.'s largest equity positions?
Based on the latest 13F filing, Nicola Wealth Management LTD.'s top holdings by market value are: 1. Waste Connections INC (WCN) — $33.9M (4.1%) 2. Pembina Pipeline CORP (PBA) — $29.7M (3.6%) 3. Sun Life Financial INC (SLF) — $24.7M (3.0%) 4. Totalenergies Se — $24.0M (2.9%) 5. At&t INC (T) — $22.0M (2.6%)
What changes did Nicola Wealth Management LTD. make in its most recent portfolio filing?
In the latest reported quarter, Nicola Wealth Management LTD. made 39 notable position adjustments: 3 new positions were initiated, 13 existing holdings were added to, 17 positions were partially reduced, and 6 were completely exited. The largest of these moves: Sold out: Tc Energy CORP (TRP); Sold out: Bank Of Nova Scotia (BNS); New buy: Apple INC (AAPL); New buy: Moody's CORP (MCO); Sold out: Canadian Pacific Kansas City (CP)
What sectors does Nicola Wealth Management LTD. focus on?
Nicola Wealth Management LTD. is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 23.8% • Financials: 17.1% • Industrials: 16.5% • Communication Services: 12.9% • Consumer Discretionary: 8.3% • Energy: 6.3%