Nicola Wealth Management Ltd.

13F filer · CIK 0001734493

Reported Aug 6, 2026

Net seller this quarter

13F portfolio value$868MU.S. long equity reported on 13F

Positions605 new · 6 closed

Net flow last quarter-$2.81MBuys minus sells

Top 10 positions weight30.3%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Aug 6, 202660 positions
WCNWaste Connections, Inc.	$40.5M	4.66%	0.10%	+16.5%	Q1 2022
PBAPembina Pipeline Corp	$30.7M	3.54%	0.11%	Not reported	Q2 2025
NVDANvidia Corp	$26.9M	3.10%	0.00%	+9.4%	Q1 2018
MSFTMicrosoft Corp	$25M	2.88%	0.00%	+26.4%	Q1 2018
TSMTaiwan Semiconductor Manufacturing Co Ltd	$24.8M	2.86%	0.00%	+10.6%	Q1 2018
VVisa Inc.	$24.4M	2.81%	0.00%	Not reported	Q1 2018
BIPBrookfield Infrastructure Partners L.P.	$24.3M	2.79%	Not reported	Not reported	Q2 2019
BAMBrookfield Asset Management Ltd.	$23.1M	2.66%	Not reported	+18.9%	Q1 2018
TDToronto Dominion Bank	$22.3M	2.57%	0.01%	Not reported	Q1 2018
UNPUnion Pacific Corp	$21.4M	2.46%	0.01%	-9.8%	Q1 2018
METAMeta Platforms, Inc.	$21.2M	2.45%	Not reported	+13.6%	Q1 2018
GOOGLAlphabet Inc.	$20.7M	2.39%	0.00%	+28.9%	Q1 2018
LINLinde PLC	$20.7M	2.38%	0.01%	Not reported	Q2 2022
CNICanadian National Railway Co	$20.1M	2.32%	0.03%	Not reported	Q1 2018
AMZNAmazon Com Inc	$20M	2.30%	0.00%	Not reported	Q1 2018
TTETotalEnergies SE	$20M	2.30%	0.01%	Not reported	Q4 2025
AVGOBroadcom Inc.	$19.6M	2.26%	0.00%	+38.4%	Q3 2024
STNStantec Inc	$18.9M	2.17%	0.24%	+35.0%	Q2 2018
SNPSSynopsys Inc	$18.2M	2.09%	0.02%	Not reported	Q3 2025
HDBHDFC Bank Ltd	$17.7M	2.04%	0.00%	+27.3%	Q1 2018
AAPLApple Inc.	$17.7M	2.03%	0.00%	Not reported	Q1 2018
HHyatt Hotels Corp	$17.6M	2.03%	Not reported	-13.9%	Q1 2022
HDHome Depot, Inc.	$17.3M	1.99%	0.00%	Not reported	Q1 2018
ISRGIntuitive Surgical Inc	$17.1M	1.96%	0.01%	Not reported	Q2 2024
SLFSun Life Financial Inc	$16.1M	1.85%	Not reported	-48.1%	Q1 2018
NFLXNetflix Inc	$15.9M	1.83%	0.01%	Not reported	Q2 2022
BCEBce Inc	$15.7M	1.81%	0.08%	Not reported	Q4 2024
AJGArthur J. Gallagher & Co.	$15M	1.73%	0.03%	+52.5%	Q3 2022
CCKCrown Holdings, Inc.	$14.8M	1.70%	0.12%	Not reported	Q2 2021
FSVFirstService Corp	$14.1M	1.62%	0.22%	+15.0%	Q4 2025
INFYInfosys Ltd	$13.8M	1.59%	0.03%	+15.3%	Q3 2023
NOWServiceNow, Inc.	$12.1M	1.39%	0.01%	-19.8%	Q1 2024
TTEKTetra Tech Inc	$11.9M	1.37%	0.16%	Not reported	Q2 2024
DEDeere & Co	$11.9M	1.37%	0.01%	-28.4%	Q2 2019
SYKStryker Corp	$11.6M	1.33%	0.01%	New	Q2 2026
MSAMSA Safety Inc	$11.4M	1.31%	0.17%	Not reported	Q3 2025
MCOMoodys Corp	$11.4M	1.31%	0.01%	Not reported	Q1 2026
TAt&T Inc.	$11M	1.26%	0.01%	-30.1%	Q2 2021
BHEBenchmark Electronics Inc	$10M	1.15%	0.28%	Not reported	Q2 2022
AMGAffiliated Managers Group, Inc.	$9.81M	1.13%	0.11%	Not reported	Q4 2024
MSIMotorola Solutions, Inc.	$9.55M	1.10%	0.01%	Not reported	Q1 2026
SANMSanmina Corp	$9.14M	1.05%	0.07%	-27.9%	Q2 2022
ADBEAdobe Inc.	$9.06M	1.04%	0.01%	Not reported	Q1 2018
PLXSPlexus Corp	$8.72M	1.00%	0.11%	Not reported	Q3 2025
EPCEDGEWELL PERSONAL CARE Co	$8.28M	0.95%	0.67%	Not reported	Q2 2022
KOCoca Cola Co	$8.01M	0.92%	0.00%	-42.1%	Q2 2018
GIBCgi Inc	$7.88M	0.91%	Not reported	Not reported	Q3 2023
IDXXIdexx Laboratories Inc	$7.79M	0.90%	0.02%	Not reported	Q1 2025
OBDCBlue Owl Capital Corp	$7.77M	0.89%	0.15%	New	Q2 2026
TFIITFI International Inc.	$6.72M	0.77%	0.06%	-58.2%	Q1 2021

Q1 2026Reported May 7, 202661 positions
WCNWaste Connections, Inc.	$33.9M	4.07%	0.08%	+12.5%	Q1 2022
PBAPembina Pipeline Corp	$29.7M	3.57%	0.11%	-32.7%	Q2 2025
SLFSun Life Financial Inc	$24.7M	2.97%	Not reported	+7.5%	Q1 2018
TTETotalEnergies SE	$24M	2.89%	0.01%	+78.5%	Q4 2025
TAt&T Inc.	$22M	2.64%	0.01%	-17.2%	Q2 2021
VVisa Inc.	$21.5M	2.58%	0.00%	Not reported	Q1 2018
NVDANvidia Corp	$21.5M	2.58%	0.00%	Not reported	Q1 2018
NFLXNetflix Inc	$21.4M	2.57%	0.01%	+33.4%	Q2 2022
UNPUnion Pacific Corp	$21.1M	2.53%	0.01%	-22.3%	Q1 2018
ISRGIntuitive Surgical Inc	$19.8M	2.37%	0.01%	Not reported	Q2 2024
LINLinde PLC	$19.7M	2.37%	0.01%	Not reported	Q2 2022
MSFTMicrosoft Corp	$19.6M	2.36%	0.00%	-20.3%	Q1 2018
BAMBrookfield Asset Management Ltd.	$19.3M	2.31%	Not reported	+72.3%	Q1 2018
METAMeta Platforms, Inc.	$19M	2.28%	Not reported	+4.7%	Q1 2018
BCEBce Inc	$18.4M	2.21%	0.08%	Not reported	Q4 2024
STNStantec Inc	$17.5M	2.10%	0.18%	+213.9%	Q2 2018
AMZNAmazon Com Inc	$17.5M	2.10%	0.00%	-20.8%	Q1 2018
CNICanadian National Railway Co	$17.3M	2.08%	0.03%	-15.2%	Q1 2018
TDToronto Dominion Bank	$17.2M	2.06%	0.01%	-49.4%	Q1 2018
CNQCANADIAN NATURAL RESOURCES Ltd	$16.4M	1.97%	0.02%	-22.4%	Q1 2018
SNPSSynopsys Inc	$16.1M	1.94%	0.02%	+39.4%	Q3 2025
TSMTaiwan Semiconductor Manufacturing Co Ltd	$15.9M	1.91%	0.00%	-29.9%	Q1 2018
NOWServiceNow, Inc.	$15.8M	1.90%	0.01%	+9.8%	Q1 2024
TUTelus Corp	$15.7M	1.89%	0.08%	Not reported	Q4 2019
AAPLApple Inc.	$15.5M	1.86%	0.00%	Not reported	Q1 2018
INFYInfosys Ltd	$15.4M	1.85%	0.03%	+20.4%	Q3 2023
HHyatt Hotels Corp	$15.2M	1.82%	Not reported	-14.6%	Q1 2022
DEDeere & Co	$14.7M	1.76%	0.01%	-42.6%	Q2 2019
HDBHDFC Bank Ltd	$13.4M	1.61%	0.00%	+33.5%	Q1 2018
CCKCrown Holdings, Inc.	$13.2M	1.59%	0.12%	Not reported	Q2 2021
WMTWalmart Inc.	$13.1M	1.57%	0.00%	-40.3%	Q1 2018
GOOGLAlphabet Inc.	$12.9M	1.55%	0.00%	+63.6%	Q1 2018
KOCoca Cola Co	$12.9M	1.55%	0.00%	Not reported	Q2 2018
TTEKTetra Tech Inc	$12.4M	1.49%	0.16%	+12.6%	Q2 2024
TFIITFI International Inc.	$12.1M	1.46%	0.13%	-11.9%	Q1 2021
FSVFirstService Corp	$12M	1.44%	0.19%	+70.9%	Q4 2025
PLDPrologis, Inc.	$11.8M	1.41%	0.01%	Not reported	Q3 2021
AVGOBroadcom Inc.	$11.6M	1.39%	0.00%	+19.1%	Q3 2024
CUBECubeSmart	$11.3M	1.36%	0.14%	Not reported	Q1 2023
MCOMoodys Corp	$10.9M	1.31%	0.01%	New	Q1 2026
ADBEAdobe Inc.	$10.7M	1.29%	0.01%	Not reported	Q1 2018
MSAMSA Safety Inc	$10.7M	1.29%	0.17%	-9.7%	Q3 2025
MSIMotorola Solutions, Inc.	$9.98M	1.20%	0.01%	New	Q1 2026
AJGArthur J. Gallagher & Co.	$9.29M	1.12%	0.02%	Not reported	Q3 2022
TJXTJX Companies Inc	$8.94M	1.07%	0.01%	Not reported	Q4 2018
GIBCgi Inc	$8.92M	1.07%	Not reported	Not reported	Q3 2023
IDXXIdexx Laboratories Inc	$8.32M	1.00%	0.02%	Not reported	Q1 2025
AMGAffiliated Managers Group, Inc.	$8.02M	0.96%	0.11%	Not reported	Q4 2024
EPCEDGEWELL PERSONAL CARE Co	$6.58M	0.79%	0.67%	Not reported	Q2 2022
SANMSanmina Corp	$6.49M	0.78%	0.09%	-9.1%	Q2 2022

Q4 2025Reported Feb 9, 202664 positions
TRPTC Energy Corp	$110M	10.02%	Not reported	-13.2%	Q2 2019
BNSBank of Nova Scotia	$100M	9.14%	0.11%	+163.2%	Q1 2018
PBAPembina Pipeline Corp	$37.6M	3.42%	0.17%	+28.0%	Q2 2025
TDToronto Dominion Bank	$34.2M	3.12%	0.02%	-15.0%	Q1 2018
WCNWaste Connections, Inc.	$32.5M	2.96%	0.07%	-1.4%	Q1 2022
MSFTMicrosoft Corp	$32.2M	2.93%	0.00%	Not reported	Q1 2018
UNPUnion Pacific Corp	$25.9M	2.36%	0.02%	Not reported	Q1 2018
VVisa Inc.	$24.9M	2.27%	0.00%	Not reported	Q1 2018
AMZNAmazon Com Inc	$24.4M	2.22%	0.00%	-8.6%	Q1 2018
ISRGIntuitive Surgical Inc	$24.3M	2.21%	0.01%	-23.1%	Q2 2024
NVDANvidia Corp	$22.9M	2.09%	0.00%	Not reported	Q1 2018
SLFSun Life Financial Inc	$22.9M	2.08%	Not reported	+2.8%	Q1 2018
TAt&T Inc.	$22.8M	2.07%	0.01%	+16.1%	Q2 2021
DEDeere & Co	$21.2M	1.93%	0.02%	Not reported	Q2 2019
NOWServiceNow, Inc.	$21.1M	1.92%	0.01%	Not reported	Q1 2024
METAMeta Platforms, Inc.	$20.9M	1.90%	Not reported	-22.7%	Q1 2018
TSMTaiwan Semiconductor Manufacturing Co Ltd	$20.4M	1.85%	0.00%	Not reported	Q1 2018
HHyatt Hotels Corp	$19.8M	1.80%	Not reported	-10.8%	Q1 2022
CNICanadian National Railway Co	$19.7M	1.79%	0.03%	Not reported	Q1 2018
WMTWalmart Inc.	$19.6M	1.79%	0.00%	-7.4%	Q1 2018
BCEBce Inc	$17.4M	1.58%	0.08%	+15.3%	Q4 2024
LINLinde PLC	$17M	1.54%	0.01%	Not reported	Q2 2022
INFYInfosys Ltd	$16.9M	1.54%	0.02%	+15.3%	Q3 2023
TUTelus Corp	$16.1M	1.47%	0.08%	-42.5%	Q4 2019
NFLXNetflix Inc	$15.7M	1.42%	0.00%	+39.2%	Q2 2022
ADBEAdobe Inc.	$15.5M	1.41%	0.01%	Not reported	Q1 2018
HDBHDFC Bank Ltd	$14.7M	1.34%	0.00%	+29.2%	Q1 2018
CNQCANADIAN NATURAL RESOURCES Ltd	$14.7M	1.33%	0.02%	-24.8%	Q1 2018
SNPSSynopsys Inc	$13.7M	1.25%	0.02%	Not reported	Q3 2025
CCKCrown Holdings, Inc.	$13.6M	1.24%	0.12%	Not reported	Q2 2021
BAMBrookfield Asset Management Ltd.	$13.2M	1.20%	Not reported	+16.3%	Q1 2018
TFIITFI International Inc.	$13.1M	1.19%	0.15%	+56.3%	Q1 2021
TTEKTetra Tech Inc	$12.2M	1.11%	0.14%	Not reported	Q2 2024
KOCoca Cola Co	$11.9M	1.08%	0.00%	-8.1%	Q2 2018
MSAMSA Safety Inc	$11.6M	1.05%	0.19%	Not reported	Q3 2025
PLDPrologis, Inc.	$11.4M	1.03%	0.01%	-37.3%	Q3 2021
GIBCgi Inc	$11.3M	1.03%	Not reported	Not reported	Q3 2023
CUBECubeSmart	$11.1M	1.01%	0.14%	Not reported	Q1 2023
AJGArthur J. Gallagher & Co.	$11.1M	1.01%	0.02%	Not reported	Q3 2022
AVGOBroadcom Inc.	$10.9M	0.99%	0.00%	Not reported	Q3 2024
CPCanadian Pacific Kansas City Ltd	$10.4M	0.95%	0.02%	Not reported	Q1 2018
IDXXIdexx Laboratories Inc	$10M	0.91%	0.02%	-21.3%	Q1 2025
CPRTCopart Inc	$9.98M	0.91%	0.03%	Not reported	Q3 2025
ITGartner Inc	$8.96M	0.81%	0.05%	New	Q4 2025
GOOGLAlphabet Inc.	$8.61M	0.78%	0.00%	-43.3%	Q1 2018
TJXTJX Companies Inc	$8.6M	0.78%	0.01%	-18.8%	Q4 2018
AMGAffiliated Managers Group, Inc.	$8.36M	0.76%	0.10%	Not reported	Q4 2024
SANMSanmina Corp	$8.27M	0.75%	0.10%	Not reported	Q2 2022
TTETotalEnergies SE	$8M	0.73%	0.01%	New	Q4 2025
FSVFirstService Corp	$7.84M	0.71%	0.11%	New	Q4 2025

Q3 2025Reported Oct 31, 202564 positions
TRPTC Energy Corp	$125M	11.15%	Not reported	+793.7%	Q2 2019
CMCanadian Imperial Bank of Commerce	$75.9M	6.76%	0.10%	Not reported	Q1 2018
MSFTMicrosoft Corp	$34.5M	3.07%	0.00%	-9.5%	Q1 2018
TDToronto Dominion Bank	$34.2M	3.04%	0.02%	-30.8%	Q1 2018
TUTelus Corp	$33.5M	2.98%	0.14%	+3.5%	Q4 2019
BNSBank of Nova Scotia	$33.5M	2.98%	0.04%	-79.6%	Q1 2018
WCNWaste Connections, Inc.	$33.1M	2.94%	0.07%	+60.2%	Q1 2022
PBAPembina Pipeline Corp	$31.2M	2.78%	0.13%	+152.6%	Q2 2025
METAMeta Platforms, Inc.	$30.1M	2.68%	Not reported	+3.8%	Q1 2018
UNPUnion Pacific Corp	$26.5M	2.36%	0.02%	+18.9%	Q1 2018
AMZNAmazon Com Inc	$25.4M	2.26%	0.00%	Not reported	Q1 2018
NOWServiceNow, Inc.	$25.4M	2.26%	0.01%	+25.5%	Q1 2024
ISRGIntuitive Surgical Inc	$25M	2.22%	0.02%	+109.8%	Q2 2024
VVisa Inc.	$24.2M	2.16%	0.00%	Not reported	Q1 2018
NVDANvidia Corp	$22.9M	2.04%	0.00%	+132.1%	Q1 2018
TAt&T Inc.	$22.3M	1.98%	0.01%	+11.3%	Q2 2021
SLFSun Life Financial Inc	$21.4M	1.91%	Not reported	+28.7%	Q1 2018
DEDeere & Co	$20.8M	1.85%	0.02%	+4.6%	Q2 2019
HHyatt Hotels Corp	$19.7M	1.75%	Not reported	Not reported	Q1 2022
WMTWalmart Inc.	$19.6M	1.74%	0.00%	-20.8%	Q1 2018
LINLinde PLC	$18.9M	1.68%	0.01%	Not reported	Q2 2022
CNICanadian National Railway Co	$18.7M	1.67%	0.03%	+13.9%	Q1 2018
TSMTaiwan Semiconductor Manufacturing Co Ltd	$18.7M	1.67%	0.00%	Not reported	Q1 2018
CNQCANADIAN NATURAL RESOURCES Ltd	$18.4M	1.64%	0.03%	Not reported	Q1 2018
PLDPrologis, Inc.	$16.3M	1.45%	0.02%	-18.2%	Q3 2021
ADBEAdobe Inc.	$15.6M	1.39%	0.01%	Not reported	Q1 2018
BCEBce Inc	$14.8M	1.32%	0.07%	Not reported	Q4 2024
SNPSSynopsys Inc	$14.4M	1.28%	0.02%	New	Q3 2025
NFLXNetflix Inc	$14.4M	1.28%	0.00%	Not reported	Q2 2022
INFYInfosys Ltd	$13.4M	1.19%	0.02%	+20.9%	Q3 2023
AJGArthur J. Gallagher & Co.	$13.3M	1.18%	0.02%	+71.6%	Q3 2022
CCKCrown Holdings, Inc.	$12.7M	1.13%	0.11%	-24.6%	Q2 2021
CUBECubeSmart	$12.6M	1.12%	0.14%	-3.5%	Q1 2023
MSAMSA Safety Inc	$12.5M	1.11%	0.18%	New	Q3 2025
BAMBrookfield Asset Management Ltd.	$12.3M	1.10%	Not reported	+115.4%	Q1 2018
KOCoca Cola Co	$12.3M	1.09%	0.00%	+42.3%	Q2 2018
IDXXIdexx Laboratories Inc	$12M	1.07%	0.02%	-46.0%	Q1 2025
GOOGLAlphabet Inc.	$11.8M	1.05%	0.00%	-57.4%	Q1 2018
CPRTCopart Inc	$11.5M	1.02%	0.03%	New	Q3 2025
GIBCgi Inc	$10.9M	0.97%	Not reported	Not reported	Q3 2023
HDBHDFC Bank Ltd	$10.7M	0.95%	0.00%	+35.7%	Q1 2018
CPCanadian Pacific Kansas City Ltd	$10.5M	0.94%	0.02%	+46.8%	Q1 2018
AVGOBroadcom Inc.	$10.4M	0.93%	0.00%	-73.5%	Q3 2024
TJXTJX Companies Inc	$9.97M	0.89%	0.01%	-28.1%	Q4 2018
STNStantec Inc	$8.76M	0.78%	0.07%	+37.4%	Q2 2018
TFIITFI International Inc.	$7.13M	0.63%	0.10%	Not reported	Q1 2021
AMGAffiliated Managers Group, Inc.	$6.91M	0.62%	0.10%	+31.8%	Q4 2024
WSOWatsco Inc	$6.87M	0.61%	Not reported	New	Q3 2025
REZIResideo Technologies, Inc.	$6.8M	0.61%	0.11%	-31.4%	Q2 2022
PLXSPlexus Corp	$6.66M	0.59%	0.17%	New	Q3 2025

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