NICOLA WEALTH MANAGEMENT LTD.

Registered adviser

CIK

1734493

Location

VANCOUVER, A1

Portfolio Value

Small $868,357,305

Diversification

Diversified

Filing Date

Global Rank

#2,752 / 8,827 ▼ 146

Top Industry

Semiconductors 8.2%

Period ended 4 months ago

Filed Aug 6, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 173201

Roster of Nov 1, 2026

Regulatory AUM

$11,042,694,801

Main clients

Individuals and high net worth (92% of AUM)

LEI

54930036JUM2A7PKXR41

Private funds on Schedule D 7.B.(1)

As filed Oct 23, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

No private funds listed.

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$11,042,694,801	Individuals and high net worth (92%)
Apr 2025 to Mar 2026	$10,043,703,386	Individuals and high net worth (93%)
Apr 2024 to Mar 2025	$9,587,082,399	Individuals and high net worth (91%)
May 2023 to Mar 2024	$8,147,770,585	Individuals and high net worth (92%)
Apr 2023	$8,147,770,585	Individuals and high net worth (92%)
Apr 2022 to Mar 2023	$7,565,448,175	Individuals and high net worth (93%)

2 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 30.3%, 47.1 effective positions, active share 78.2% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

68.3% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 11.8 quarters, but 19.6% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2026-06-30, active share 78.2%; sector active share 21.8% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

61 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

4.7%

+0.6 pts

Top 5

17.0%

+1.0 pts

Top 10

30.3%

+1.6 pts

HHI

212

Diversified+10

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	24.5%	$212,410,644	14
Industrials	17.5%	$152,081,820	10
Financial Services	17.0%	$147,527,513	9
Consumer Cyclical	9.9%	$85,864,091	7
Communication Services	9.7%	$84,524,343	5
Energy	6.1%	$52,666,477	3
Healthcare	5.9%	$51,276,066	6
Utilities	2.8%	$24,254,903	1
Consumer Defensive	2.5%	$21,934,579	3
Basic Materials	2.4%	$20,653,812	1
Real Estate	1.6%	$14,067,468	1
Unclassified	0.1%	$1,095,589	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

14 positions

Ticker	Company	Δ Shares	Shares	Value
PRGO	PERRIGO Co plc	+232,000	596,000	$6,192,440
INFY	Infosys Ltd	+175,000	1,316,000	$13,804,840
HDB	Hdfc Bank Ltd	+147,000	685,000	$17,693,550
BAM	Brookfield Asset Management Ltd.	+81,900	515,658	$23,127,261
STN	Stantec Inc	+71,000	273,800	$18,867,558
WCN	Waste Connections, Inc.	+34,400	243,000	$40,505,670
AJG	Arthur J. Gallagher & Co.	+22,500	65,400	$15,013,878
AVGO	Broadcom Inc.	+14,400	51,900	$19,605,225
MSFT	Microsoft Corp	+14,000	67,060	$25,014,721
GOOGL	Alphabet Inc.	+13,000	58,000	$20,727,460
FSV	FirstService Corp	+12,900	98,990	$14,067,468
NVDA	Nvidia Corp	+11,500	134,500	$26,912,105
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+5,000	52,000	$24,833,640
META	Meta Platforms, Inc.	+4,500	37,700	$21,236,033
No positions match the current search.

Trimmed

Positions the filer reduced

10 positions

Ticker	Company	Δ Shares	Shares	Value
T	At&T Inc.	−228,000	530,400	$10,979,280
SLF	Sun Life Financial Inc	−189,600	204,800	$16,060,416
KO	Coca Cola Co	−71,500	98,500	$8,005,095
TFII	TFI International Inc.	−64,900	46,700	$6,704,719
NOW	ServiceNow, Inc.	−30,000	121,500	$12,062,520
TJX	Tjx Companies Inc	−29,000	27,000	$4,090,500
H	Hyatt Hotels Corp	−14,700	90,800	$17,600,672
SANM	Sanmina Corp	−14,000	36,100	$9,136,188
UNP	Union Pacific Corp	−8,500	78,500	$21,352,000
DE	Deere & Co	−7,400	18,700	$11,861,971
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
BIP	Brookfield Infrastructure Partners L.P.	664,700	$24,254,903
HD	Home Depot, Inc.	49,000	$17,281,320
SYK	Stryker Corp	36,800	$11,586,112
OBDC	Blue Owl Capital Corp	715,000	$7,772,050
LIVN	LivaNova PLC	55,000	$4,522,650
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
CNQ	CANADIAN NATURAL RESOURCES Ltd	336,100	$16,378,153
TU	Telus Corp	1,223,219	$15,693,899
WMT	Walmart Inc.	105,200	$13,074,256
PLD	Prologis, Inc.	89,000	$11,764,020
CUBE	CubeSmart	309,000	$11,324,850
PDS	PRECISION DRILLING Corp	28,000	$2,755,200
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

61 tracked positions · $868,357,305 total · filing declares 61 positions · $868,419,947 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 61 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
WCN	Waste Connections, Inc. Industrials	Added	243,000	+34,400	$40,505,670	+19.5%	5	$182.24	4.66%
PBA	Pembina Pipeline Corp Energy	Held	664,500	0	$30,733,125	+3.3%	5	$37.90	3.54%
NVDA	Nvidia Corp Technology	Added	134,500	+11,500	$26,912,105	+25.5%	6	$158.24	3.10%
MSFT	Microsoft Corp Technology	Added	67,060	+14,000	$25,014,721	+27.4%	26+	before history	2.88%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	52,000	+5,000	$24,833,640	+56.3%	26+	before history	2.86%
V	Visa Inc. Financial Services	Held	71,000	0	$24,359,390	+13.5%	26+	before history	2.81%
BIP	Brookfield Infrastructure Partners L.P. Utilities	NEW	664,700	NEW	$24,254,903	NEW	1	$37.36	2.79%
BAM	Brookfield Asset Management Ltd. Financial Services	Added	515,658	+81,900	$23,127,261	+20.0%	15	$47.95	2.66%
TD	Toronto Dominion Bank Financial Services	Held	183,802	0	$22,319,076	+30.1%	26+	before history	2.57%
UNP	Union Pacific Corp Industrials	Reduced	78,500	-8,500	$21,352,000	+1.2%	26+	before history	2.46%
META	Meta Platforms, Inc. Communication Services	Added	37,700	+4,500	$21,236,033	+11.8%	10	$495.93	2.45%
GOOGL	Alphabet Inc. Communication Services	Added	58,000	+13,000	$20,727,460	+60.2%	26+	before history	2.39%
LIN	Linde PLC Basic Materials	Held	39,800	0	$20,653,812	+4.7%	6	$451.22	2.38%
CNI	Canadian National Railway Co Industrials	Held	168,600	0	$20,103,864	+16.0%	26+	before history	2.32%
TTE	TotalEnergies SE Energy	Held	257,000	0	$19,984,320	−14.5%	3	$69.03	2.30%
AMZN	Amazon Com Inc Consumer Cyclical	Held	83,800	0	$19,972,892	+14.4%	10	$183.54	2.30%
AVGO	Broadcom Inc. Technology	Added	51,900	+14,400	$19,605,225	+68.9%	8	unpriced	2.26%
STN	Stantec Inc Industrials	Added	273,800	+71,000	$18,867,558	+7.7%	6	$89.13	2.17%
SNPS	Synopsys Inc Technology	Held	40,700	0	$18,155,049	+12.5%	4	$533.30	2.09%
HDB	Hdfc Bank Ltd Financial Services	Added	685,000	+147,000	$17,693,550	+32.2%	10	unpriced	2.04%
AAPL	Apple Inc. Technology	Held	61,000	0	$17,650,960	+14.0%	2	$260.25	2.03%
H	Hyatt Hotels Corp Consumer Cyclical	Reduced	90,800	-14,700	$17,600,672	+16.0%	18	$101.59	2.03%
HD	Home Depot, Inc. Consumer Cyclical	NEW	49,000	NEW	$17,281,320	NEW	1	$325.33	1.99%
ISRG	Intuitive Surgical Inc Healthcare	Held	42,900	0	$17,060,472	−13.7%	9	$481.75	1.96%
SLF	Sun Life Financial Inc Financial Services	Reduced	204,800	-189,600	$16,060,416	−34.9%	6	$59.33	1.85%
NFLX	Netflix Inc Communication Services	Held	222,700	0	$15,900,780	−25.7%	17	unpriced	1.83%
BCE	Bce Inc Communication Services	Held	729,000	0	$15,680,790	−14.8%	7	$25.96	1.81%
AJG	Arthur J. Gallagher & Co. Financial Services	Added	65,400	+22,500	$15,013,878	+61.6%	16	$225.94	1.73%
CCK	Crown Holdings, Inc. Consumer Cyclical	Held	132,000	0	$14,760,240	+11.5%	21	$95.34	1.70%
FSV	FirstService Corp Real Estate	Added	98,990	+12,900	$14,067,468	+17.6%	3	$155.81	1.62%
INFY	Infosys Ltd Technology	Added	1,316,000	+175,000	$13,804,840	−10.4%	12	$17.01	1.59%
NOW	ServiceNow, Inc. Technology	Reduced	121,500	-30,000	$12,062,520	−23.8%	10	$165.43	1.39%
TTEK	Tetra Tech Inc Industrials	Held	411,000	0	$11,873,790	−4.1%	3	$33.99	1.37%
DE	Deere & Co Industrials	Reduced	18,700	-7,400	$11,861,971	−19.3%	26+	before history	1.37%
SYK	Stryker Corp Healthcare	NEW	36,800	NEW	$11,586,112	NEW	1	$315.13	1.33%
MSA	MSA Safety Inc Industrials	Held	65,375	0	$11,413,167	+6.5%	4	$172.87	1.31%
MCO	Moodys Corp Financial Services	Held	25,100	0	$11,368,292	+3.8%	2	$473.05	1.31%
T	At&T Inc. Communication Services	Reduced	530,400	-228,000	$10,979,280	−50.1%	21	unpriced	1.26%
BHE	Benchmark Electronics Inc Technology	Held	101,600	0	$10,024,872	+76.0%	17	$28.33	1.15%
AMG	Affiliated Managers Group, Inc. Financial Services	Held	29,000	0	$9,813,600	+22.3%	7	$192.23	1.13%
MSI	Motorola Solutions, Inc. Technology	Held	23,000	0	$9,551,670	−4.3%	2	$432.93	1.10%
SANM	Sanmina Corp Technology	Reduced	36,100	-14,000	$9,136,188	+40.7%	17	$53.32	1.05%
ADBE	Adobe Inc. Technology	Held	44,200	0	$9,061,884	−15.7%	19	$501.68	1.04%
PLXS	Plexus Corp Technology	Held	29,000	0	$8,719,430	+48.4%	4	$135.09	1.00%
EPC	EDGEWELL PERSONAL CARE Co Consumer Defensive	Held	308,200	0	$8,278,252	+25.9%	17	$27.11	0.95%
KO	Coca Cola Co Consumer Defensive	Reduced	98,500	-71,500	$8,005,095	−38.1%	5	$70.52	0.92%
GIB	Cgi Inc Technology	Held	122,000	0	$7,877,540	−11.7%	12	$102.52	0.91%
IDXX	Idexx Laboratories Inc Healthcare	Held	14,800	0	$7,791,312	−6.3%	6	$434.21	0.90%
OBDC	Blue Owl Capital Corp Financial Services	NEW	715,000	NEW	$7,772,050	NEW	1	$11.19	0.90%
TFII	TFI International Inc. Industrials	Reduced	46,700	-64,900	$6,704,719	−44.7%	4	$92.06	0.77%

Showing the top 50 of 61 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.