NICOLA WEALTH MANAGEMENT LTD.
Filing Date
Global Rank
#1,979
/ 8,623
▼ 254
· as of Mar 2026
Top Industry
Telecom Services
6.7%
3Y Alpha vs SPY
-3.2%
Period ended 4 months ago
Filed May 7, 2026 · 3mo
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+54.0%
SPY
+65.3%
Annualised alpha
-2.8%
Max drawdown
−16.8%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
61 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
4.1%
−6.0 pts
Top 5
16.1%
−12.8 pts
Top 10
28.7%
−12.2 pts
HHI
203
Diversified−124
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 21.6% | $179,162,822 |
| Industrials | 18.0% | $150,010,139 |
| Financial Services | 14.9% | $124,214,708 |
| Communication Services | 13.2% | $109,427,396 |
| Energy | 8.9% | $74,254,825 |
| Consumer Cyclical | 7.8% | $65,156,527 |
| Consumer Defensive | 4.6% | $38,255,248 |
| Healthcare | 4.3% | $35,906,483 |
| Real Estate | 4.2% | $35,050,214 |
| Basic Materials | 2.4% | $19,731,248 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
16 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| INFY | Infosys Ltd | +193,000 | 1,141,000 | $15,414,910 | |
| BAM | Brookfield Asset Management Ltd. | +182,000 | 433,758 | $19,280,543 | |
| STN | Stantec Inc | +138,200 | 202,800 | $17,521,920 | |
| HDB | Hdfc Bank Ltd | +135,000 | 538,000 | $13,385,440 | |
| TTE | TotalEnergies SE | +113,000 | 257,000 | $23,381,860 | |
| PRGO | PERRIGO Co plc | +83,000 | 364,000 | $3,909,360 | |
| NFLX | Netflix Inc | +55,700 | 222,700 | $21,412,605 | |
| TTEK | Tetra Tech Inc | +46,000 | 411,000 | $12,379,320 | |
| FSV | FirstService Corp | +35,700 | 86,090 | $11,961,344 | |
| SLF | Sun Life Financial Inc | +27,500 | 394,400 | $24,673,664 | |
| WCN | Waste Connections, Inc. | +23,200 | 208,600 | $33,884,984 | |
| GOOGL | Alphabet Inc. | +17,500 | 45,000 | $12,940,200 | |
| NOW | ServiceNow, Inc. | +13,500 | 151,500 | $15,839,325 | |
| SNPS | Synopsys Inc | +11,500 | 40,700 | $16,136,736 | |
| AVGO | Broadcom Inc. | +6,000 | 37,500 | $11,606,625 | |
| META | Meta Platforms, Inc. | +1,500 | 33,200 | $18,994,716 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
20 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| PBA | Pembina Pipeline Corp | −323,300 | 664,500 | $29,743,020 | |
| TD | Toronto Dominion Bank | −179,500 | 183,802 | $17,150,564 | |
| T | At&T Inc. | −158,000 | 758,400 | $21,986,016 | |
| CNQ | CANADIAN NATURAL RESOURCES Ltd | −96,800 | 336,100 | $16,378,153 | |
| WMT | Walmart Inc. | −71,000 | 105,200 | $13,074,256 | |
| CRI | Carters Inc | −38,000 | 141,100 | $5,045,736 | |
| IONS | Ionis Pharmaceuticals Inc | −35,000 | 52,000 | $3,904,680 | |
| CNI | Canadian National Railway Co | −30,200 | 168,600 | $17,327,022 | |
| UNP | Union Pacific Corp | −25,000 | 87,000 | $21,107,940 | |
| BHE | Benchmark Electronics Inc | −23,000 | 101,600 | $5,695,696 | |
| AMZN | Amazon Com Inc | −22,000 | 83,800 | $17,453,026 | |
| TSM | Taiwan Semiconductor Manufacturing Co Ltd | −20,000 | 47,000 | $15,883,650 | |
| DE | Deere & Co | −19,400 | 26,100 | $14,702,130 | |
| H | Hyatt Hotels Corp | −18,000 | 105,500 | $15,169,845 | |
| PLXS | Plexus Corp | −17,000 | 29,000 | $5,873,660 | |
| TFII | TFI International Inc. | −15,000 | 111,600 | $12,123,108 | |
| MSFT | Microsoft Corp | −13,500 | 53,060 | $19,641,220 | |
| COKE | Coca-Cola Consolidated, Inc. | −11,000 | 29,600 | $5,675,504 | |
| MSA | MSA Safety Inc | −7,000 | 65,375 | $10,718,231 | |
| SANM | Sanmina Corp | −5,000 | 50,100 | $6,494,964 | |
| No positions match the current search. | |||||
Sold Out
Positions the filer fully exited
6 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| TRP | Tc Energy Corp | 2,000,000 | $110,020,000 | |
| BNS | Bank Of Nova Scotia | 1,361,500 | $100,328,935 | |
| CP | Canadian Pacific Kansas City Ltd/Cn | 141,500 | $10,418,645 | |
| CPRT | Copart Inc | 255,000 | $9,983,250 | |
| IT | Gartner Inc | 35,500 | $8,955,940 | |
| WSO | Watsco Inc | 8,000 | $2,695,600 | |
| No positions match the current search. | ||||
61 tracked positions ·
$831,169,610 total
· filing declares
62 positions · $833,039,315
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Showing 1–50
of 61 positions by value
· page 1 of 2
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| WCN |
Waste Connections, Inc.
Industrials
|
Added | 208,600 | $33,884,984 | 4.08% | |
| PBA |
Pembina Pipeline Corp
Energy
|
Reduced | 664,500 | $29,743,020 | 3.58% | |
| SLF |
Sun Life Financial Inc
Financial Services
|
Added | 394,400 | $24,673,664 | 2.97% | |
| TTE |
TotalEnergies SE
Energy
|
Added | 257,000 | $23,381,860 | 2.81% | |
| T |
At&T Inc.
Communication Services
|
Reduced | 758,400 | $21,986,016 | 2.65% | |
| V |
Visa Inc.
Financial Services
|
Held | 71,000 | $21,459,040 | 2.58% | |
| NVDA |
Nvidia Corp
Technology
|
Held | 123,000 | $21,451,200 | 2.58% | |
| NFLX |
Netflix Inc
Communication Services
|
Added | 222,700 | $21,412,605 | 2.58% | |
| UNP |
Union Pacific Corp
Industrials
|
Reduced | 87,000 | $21,107,940 | 2.54% | |
| ISRG |
Intuitive Surgical Inc
Healthcare
|
Held | 42,900 | $19,776,471 | 2.38% | |
| LIN |
Linde PLC
Basic Materials
|
Held | 39,800 | $19,731,248 | 2.37% | |
| MSFT |
Microsoft Corp
Technology
|
Reduced | 53,060 | $19,641,220 | 2.36% | |
| BAM |
Brookfield Asset Management Ltd.
Financial Services
|
Added | 433,758 | $19,280,543 | 2.32% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 33,200 | $18,994,716 | 2.29% | |
| BCE |
Bce Inc
Communication Services
|
Held | 729,000 | $18,399,960 | 2.21% | |
| STN |
Stantec Inc
Industrials
|
Added | 202,800 | $17,521,920 | 2.11% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Reduced | 83,800 | $17,453,026 | 2.10% | |
| CNI |
Canadian National Railway Co
Industrials
|
Reduced | 168,600 | $17,327,022 | 2.08% | |
| TD |
Toronto Dominion Bank
Financial Services
|
Reduced | 183,802 | $17,150,564 | 2.06% | |
| CNQ |
CANADIAN NATURAL RESOURCES Ltd
Energy
|
Reduced | 336,100 | $16,378,153 | 1.97% | |
| SNPS |
Synopsys Inc
Technology
|
Added | 40,700 | $16,136,736 | 1.94% | |
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
Technology
|
Reduced | 47,000 | $15,883,650 | 1.91% | |
| NOW |
ServiceNow, Inc.
Technology
|
Added | 151,500 | $15,839,325 | 1.91% | |
| TU |
Telus Corp
Communication Services
|
Held | 1,223,219 | $15,693,899 | 1.89% | |
| AAPL |
Apple Inc.
Technology
|
NEW | 61,000 | $15,481,190 | 1.86% | |
| INFY |
Infosys Ltd
Technology
|
Added | 1,141,000 | $15,414,910 | 1.85% | |
| H |
Hyatt Hotels Corp
Consumer Cyclical
|
Reduced | 105,500 | $15,169,845 | 1.83% | |
| DE |
Deere & Co
Industrials
|
Reduced | 26,100 | $14,702,130 | 1.77% | |
| HDB |
Hdfc Bank Ltd
Financial Services
|
Added | 538,000 | $13,385,440 | 1.61% | |
| CCK |
Crown Holdings, Inc.
Consumer Cyclical
|
Held | 132,000 | $13,233,000 | 1.59% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Reduced | 105,200 | $13,074,256 | 1.57% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Added | 45,000 | $12,940,200 | 1.56% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Held | 170,000 | $12,928,500 | 1.56% | |
| TTEK |
Tetra Tech Inc
Industrials
|
Added | 411,000 | $12,379,320 | 1.49% | |
| TFII |
TFI International Inc.
Industrials
|
Reduced | 111,600 | $12,123,108 | 1.46% | |
| FSV |
FirstService Corp
Real Estate
|
Added | 86,090 | $11,961,344 | 1.44% | |
| PLD |
Prologis, Inc.
Real Estate
|
Held | 89,000 | $11,764,020 | 1.42% | |
| AVGO |
Broadcom Inc.
Technology
|
Added | 37,500 | $11,606,625 | 1.40% | |
| CUBE |
CubeSmart
Real Estate
|
Held | 309,000 | $11,324,850 | 1.36% | |
| MCO |
Moodys Corp /De/
Financial Services
|
NEW | 25,100 | $10,949,875 | 1.32% | |
| ADBE |
Adobe Inc.
Technology
|
Held | 44,200 | $10,744,136 | 1.29% | |
| MSA |
MSA Safety Inc
Industrials
|
Reduced | 65,375 | $10,718,231 | 1.29% | |
| MSI |
Motorola Solutions, Inc.
Technology
|
NEW | 23,000 | $9,981,310 | 1.20% | |
| AJG |
Arthur J. Gallagher & Co.
Financial Services
|
Held | 42,900 | $9,291,282 | 1.12% | |
| TJX |
Tjx Companies Inc /De/
Consumer Cyclical
|
Held | 56,000 | $8,943,200 | 1.08% | |
| GIB |
Cgi Inc
Technology
|
Held | 122,000 | $8,918,200 | 1.07% | |
| IDXX |
Idexx Laboratories Inc /De
Healthcare
|
Held | 14,800 | $8,315,972 | 1.00% | |
| AMG |
Affiliated Managers Group, Inc.
Financial Services
|
Held | 29,000 | $8,024,300 | 0.97% | |
| EPC |
EDGEWELL PERSONAL CARE Co
Consumer Defensive
|
Held | 308,200 | $6,576,988 | 0.79% | |
| SANM |
Sanmina Corp
Technology
|
Reduced | 50,100 | $6,494,964 | 0.78% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.