NICOLA WEALTH MANAGEMENT LTD.

CIK

1734493

Location

VANCOUVER, A1

Portfolio Value

Small $831,169,610

Diversification

Diversified

Filing Date

Global Rank

#1,711 / 8,232 ▼ 167

Top Industry

Telecom Services 6.7%

3Y Alpha vs SPY

-4.7%

Period ended 2 months ago

Filed May 7, 2026 · 38d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+56.4%

SPY

+76.3%

Annualised alpha

-4.7%

Max drawdown

−16.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

61 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top 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	Positions
Technology	21.6%	$179,162,822	14
Industrials	18.0%	$150,010,139	10
Financial Services	14.9%	$124,214,708	8
Communication Services	13.2%	$109,427,396	6
Energy	8.9%	$74,254,825	5
Consumer Cyclical	7.8%	$65,156,527	6
Consumer Defensive	4.6%	$38,255,248	4
Healthcare	4.3%	$35,906,483	4
Real Estate	4.2%	$35,050,214	3
Basic Materials	2.4%	$19,731,248	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

16 positions

Ticker	Company	Δ Shares	Shares	Value
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
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.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
AAPL	Apple Inc.	61,000	$15,481,190
MCO	Moodys Corp /De/	25,100	$10,949,875
MSI	Motorola Solutions, Inc.	23,000	$9,981,310
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
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.

Portfolio Positions

Compact Export CSV View 13F filing

61 positions · $831,169,610 total · as of Mar 31, 2026

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

Showing 51–61 of 61 positions by value · page 2 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
LIN	Linde PLC Basic Materials	Held	39,800	0	$19,731,248	+16.3%	2.37%
ISRG	Intuitive Surgical Inc Healthcare	Held	42,900	0	$19,776,471	−18.6%	2.38%
UNP	Union Pacific Corp Industrials	Reduced	87,000	-25,000	$21,107,940	−18.5%	2.54%
NFLX	Netflix Inc Communication Services	Added	222,700	+55,700	$21,412,605	+36.8%	2.58%
NVDA	Nvidia Corp Technology	Held	123,000	0	$21,451,200	−6.5%	2.58%
V	Visa Inc. Financial Services	Held	71,000	0	$21,459,040	−13.8%	2.58%
T	At&T Inc. Communication Services	Reduced	758,400	-158,000	$21,986,016	−3.4%	2.65%
TTE	TotalEnergies SE Energy	Added	257,000	+113,000	$23,381,860	+148.2%	2.81%
SLF	Sun Life Financial Inc Financial Services	Added	394,400	+27,500	$24,673,664	+7.8%	2.97%
PBA	Pembina Pipeline Corp Energy	Reduced	664,500	-323,300	$29,743,020	−20.9%	3.58%
WCN	Waste Connections, Inc. Industrials	Added	208,600	+23,200	$33,884,984	+4.2%	4.08%