NICOLA WEALTH MANAGEMENT LTD.
Long book
$833.0M
Q1 2026
Positions
62
Top-10 weight
29%
concentration
Last quarter
+6.3%
SPY +14.8%
Turnover
13%
of book per quarter
Strategy in plain words
auto-generated from filingsNICOLA WEALTH MANAGEMENT LTD. is an institutional manager, running a $833.0M US long book across 62 positions.
The portfolio is moderately concentrated (top 10 ≈ 29% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: WASTE CONNECTIONS INC, PEMBINA PIPELINE CORP, SUN LIFE FINANCIAL INC, TOTALENERGIES SE, AT&T INC.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.2%
Q2 2024
+10.6%
Q3 2024
+0.0%
Q4 2024
-2.7%
Q1 2025
+12.9%
Q2 2025
+6.2%
Q3 2025
+2.1%
Q4 2025
-0.8%
Q1 2026
+6.3%
Sector allocation
Technology 22%
Services media 14%
Industrials 12%
Financials 10%
Energy 10%
Communications 7%
Consumer discretionary 6%
Healthcare 5%
Long book by quarter
What does NICOLA WEALTH own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| WCN WASTE CONNECTIONS INC | Utilities | 208.6K | $33.9M | 4.1% | +12.5% |
| PBA PEMBINA PIPELINE CORP | Energy | 664.5K | $29.7M | 3.6% | -32.7% |
| SLF SUN LIFE FINANCIAL INC | Financials | 394.4K | $24.7M | 3.0% | +7.5% |
| TTE TOTALENERGIES SE | Energy | 257.0K | $24.0M | 2.9% | +78.5% |
| T AT&T INC | Communications | 758.4K | $22.0M | 2.6% | -17.2% |
| V VISA INC-CLASS A SHARES | Services media | 71.0K | $21.5M | 2.6% | Held |
| NVDA NVIDIA CORP | Technology | 123.0K | $21.5M | 2.6% | Held |
| NFLX NETFLIX INC | Services media | 222.7K | $21.4M | 2.6% | +33.4% |
| UNP UNION PACIFIC CORP | Industrials | 87.0K | $21.1M | 2.5% | -22.3% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 42.9K | $19.8M | 2.4% | Held |
| LIN LINDE PLC | Materials | 39.8K | $19.7M | 2.4% | Held |
| MSFT MICROSOFT CORP | Technology | 53.1K | $19.6M | 2.4% | -20.3% |
| BAM BROOKFIELD ASSET MGMT-A | Financials | 433.8K | $19.3M | 2.3% | +72.3% |
| META META PLATFORMS INC-CLASS A | Technology | 33.2K | $19.0M | 2.3% | +4.7% |
| BCE BCE INC | Communications | 729.0K | $18.4M | 2.2% | Held |
| STN STANTEC INC | Services media | 202.8K | $17.5M | 2.1% | +213.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 83.8K | $17.5M | 2.1% | -20.8% |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 168.6K | $17.3M | 2.1% | -15.2% |
| TD TORONTO-DOMINION BANK | Financials | 183.8K | $17.2M | 2.1% | -49.4% |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 336.1K | $16.4M | 2.0% | -22.4% |
| SNPS SYNOPSYS INC | Technology | 40.7K | $16.1M | 1.9% | +39.4% |
| NOW SERVICENOW INC | Technology | 151.5K | $15.8M | 1.9% | +9.8% |
| TU TELUS CORP | Communications | 1.2M | $15.7M | 1.9% | Held |
| AAPL APPLE INC | Technology | 61.0K | $15.5M | 1.9% | New |
| H HYATT HOTELS CORP - CL A | Services media | 105.5K | $15.2M | 1.8% | -14.6% |
| DE DEERE & CO | Industrials | 26.1K | $14.7M | 1.8% | -42.6% |
| CCK CROWN HOLDINGS INC | Industrials | 132.0K | $13.2M | 1.6% | Held |
| WMT WALMART INC | Consumer discretionary | 105.2K | $13.1M | 1.6% | -40.3% |
| GOOGL ALPHABET INC-CL A | Technology | 45.0K | $12.9M | 1.6% | +63.6% |
| KO COCA-COLA CO/THE | Consumer staples | 170.0K | $12.9M | 1.6% | Held |
| TTEK TETRA TECH INC | Services media | 411.0K | $12.4M | 1.5% | +12.6% |
| TFII TFI INTERNATIONAL INC | Industrials | 111.6K | $12.1M | 1.5% | -11.8% |
| FSV FIRSTSERVICE CORP | Real estate | 86.1K | $12.0M | 1.4% | +70.8% |
| AVGO BROADCOM INC | Technology | 37.5K | $11.6M | 1.4% | +19.0% |
| MCO MOODY'S CORP | Services media | 25.1K | $10.9M | 1.3% | New |
| ADBE ADOBE INC | Technology | 44.2K | $10.7M | 1.3% | Held |
| MSA MSA SAFETY INC | Healthcare | 65.4K | $10.7M | 1.3% | -9.7% |
| MSI MOTOROLA SOLUTIONS INC | Technology | 23.0K | $10.0M | 1.2% | New |
| AJG ARTHUR J GALLAGHER & CO | Financials | 42.9K | $9.3M | 1.1% | Held |
| TJX TJX COMPANIES INC | Consumer discretionary | 56.0K | $8.9M | 1.1% | Held |
| GIB CGI INC | Services media | 122.0K | $8.9M | 1.1% | Held |
| IDXX IDEXX LABORATORIES INC | Materials | 14.8K | $8.3M | 1.0% | Held |
| AMG AFFILIATED MANAGERS GROUP | Financials | 29.0K | $8.0M | 1.0% | Held |
| EPC EDGEWELL PERSONAL CARE CO | Other | 308.2K | $6.6M | 0.8% | Held |
| SANM SANMINA CORP | Technology | 50.1K | $6.5M | 0.8% | -9.1% |
| PLXS PLEXUS CORP | Technology | 29.0K | $5.9M | 0.7% | -37.0% |
| BHE BENCHMARK ELECTRONICS INC | Technology | 101.6K | $5.7M | 0.7% | -18.5% |
| COKE COCA-COLA CONSOLIDATED INC | Consumer staples | 29.6K | $5.7M | 0.7% | -27.1% |
| REZI RESIDEO TECHNOLOGIES INC | Consumer discretionary | 157.6K | $5.3M | 0.6% | Held |
| SLGN SILGAN HOLDINGS INC | Industrials | 136.9K | $5.3M | 0.6% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 62 | $833.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 65 | $1.10B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 31, 2025 | 65 | $1.12B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 104 | $1.07B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR/ARESTATEMENT | Jun 6, 2025 | 111 | $1.03B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 8, 2025 | 111 | $1.23B | SEC ↗ | |
| Q4 2024 | 13F-HR | Feb 6, 2025 | 107 | $1.06B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 6, 2024 | 104 | $1.26B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 31, 2024 | 108 | $1.12B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 113 | $1.03B | canonical | SEC ↗ |
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