Nicola Wealth Management
VANCOUVER, A1files as NICOLA WEALTH MANAGEMENT LTD.
$868m in 61 US stocks at the end of 30 June 2026. The top 10 are 30.3% of the money. It changed about 17.3% of the portfolio this quarter.
Value
$868m
Stocks
61
Top 10 share
30.3%
Turnover
17.3%
What changed this quarter
New
Bought for the first time this quarter.
- Brookfield Infrastructure PABIP2.8% of the fund
- Home DepotHD2.0% of the fund
- StrykerSYK1.3% of the fund
- Blue Owl CapitalOBDC0.9% of the fund
- LivaNovaLIVN0.5% of the fund
Added
Bought more of a stock they already held.
- Waste ConnectionsWCN4.7% of the fund+16%
- NvidiaNVDA3.1% of the fund+9%
- MicrosoftMSFT2.9% of the fund+26%
- Taiwan Semiconductor ManufacturingTSM2.9% of the fund+11%
- Brookfield Asset ManagementBAM2.7% of the fund+19%
- Meta PlatformsMETA2.4% of the fund+14%
- AlphabetGOOGL2.4% of the fund+29%
- BroadcomAVGO2.3% of the fund+38%
- StantecSTN2.2% of the fund+35%
- HDFC BankHDB2.0% of the fund+27%
- Arthur J. GallagherAJG1.7% of the fund+52%
- FirstServiceFSV1.6% of the fund+15%
- InfosysINFY1.6% of the fund+15%
- PerrigoPRGO0.7% of the fund+64%
Cut
Sold some of their stake.
- Union PacificUNP2.5% of the fund-10%
- Hyatt HotelsH2.0% of the fund-14%
- Sun Life FinancialSLF1.9% of the fund-48%
- ServiceNowNOW1.4% of the fund-20%
- DeereDE1.4% of the fund-28%
- AT&TT1.3% of the fund-30%
- SanminaSANM1.1% of the fund-28%
- Coca-ColaKO0.9% of the fund-42%
- TFI InternationalTFII0.8% of the fund-58%
- TJX CompaniesTJX0.5% of the fund-52%
Sold out
Sold their entire stake.
- Canadian Natural ResourcesCNQ-100%
- TelusTU-100%
- WalmartWMT-100%
- PrologisPLD-100%
- CubeSmartCUBE-100%
- Precision DrillingPDS-100%
Holdings
- Pembina PipelinePBA
- Share
- 3.5%
- Value
- $31m
- Shares
- 664,500
Held
- Brookfield Infrastructure PABIP
- Share
- 2.8%
- Value
- $24m
- Shares
- 664,700
New
- Toronto Dominion BankTD
- Share
- 2.6%
- Value
- $22m
- Shares
- 183,802
Held
- Canadian National RailwayCNI
- Share
- 2.3%
- Value
- $20m
- Shares
- 168,600
Held
- StantecSTN
- Share
- 2.2%
- Value
- $19m
- Shares
- 273,800
+35%
- Sun Life FinancialSLF
- Share
- 1.9%
- Value
- $16m
- Shares
- 204,800
-48%
- BCEBCE
- Share
- 1.8%
- Value
- $16m
- Shares
- 729,000
Held
- FirstServiceFSV
- Share
- 1.6%
- Value
- $14m
- Shares
- 98,990
+15%
- InfosysINFY
- Share
- 1.6%
- Value
- $14m
- Shares
- 1,316,000
+15%
- CGIGIB
- Share
- 0.9%
- Value
- $8m
- Shares
- 122,000
Held
- TFI InternationalTFII
- Share
- 0.8%
- Value
- $7m
- Shares
- 46,700
-58%
- Ishares TRHYG
- Share
- 0.1%
- Value
- $1m
- Shares
- 13,700
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Waste ConnectionsWCN | 4.7% | $40m | 243,000 | +16% |
| Pembina PipelinePBA | 3.5% | $31m | 664,500 | Held |
| NvidiaNVDA | 3.1% | $27m | 134,500 | +9% |
| MicrosoftMSFT | 2.9% | $25m | 67,060 | +26% |
| Taiwan Semiconductor ManufacturingTSM | 2.9% | $25m | 52,000 | +11% |
| VisaV | 2.8% | $24m | 71,000 | Held |
| Brookfield Infrastructure PABIP | 2.8% | $24m | 664,700 | New |
| Brookfield Asset ManagementBAM | 2.7% | $23m | 515,658 | +19% |
| Toronto Dominion BankTD | 2.6% | $22m | 183,802 | Held |
| Union PacificUNP | 2.5% | $21m | 78,500 | -10% |
| Meta PlatformsMETA | 2.4% | $21m | 37,700 | +14% |
| AlphabetGOOGL | 2.4% | $21m | 58,000 | +29% |
| LindeLIN | 2.4% | $21m | 39,800 | Held |
| Canadian National RailwayCNI | 2.3% | $20m | 168,600 | Held |
| Amazon.comAMZN | 2.3% | $20m | 83,800 | Held |
| TotalEnergies SETTE | 2.3% | $20m | 257,000 | Held |
| BroadcomAVGO | 2.3% | $20m | 51,900 | +38% |
| StantecSTN | 2.2% | $19m | 273,800 | +35% |
| SynopsysSNPS | 2.1% | $18m | 40,700 | Held |
| HDFC BankHDB | 2.0% | $18m | 685,000 | +27% |
| AppleAAPL | 2.0% | $18m | 61,000 | Held |
| Hyatt HotelsH | 2.0% | $18m | 90,800 | -14% |
| Home DepotHD | 2.0% | $17m | 49,000 | New |
| Intuitive SurgicalISRG | 2.0% | $17m | 42,900 | Held |
| Sun Life FinancialSLF | 1.9% | $16m | 204,800 | -48% |
| NetflixNFLX | 1.8% | $16m | 222,700 | Held |
| BCEBCE | 1.8% | $16m | 729,000 | Held |
| Arthur J. GallagherAJG | 1.7% | $15m | 65,400 | +52% |
| Crown HoldingsCCK | 1.7% | $15m | 132,000 | Held |
| FirstServiceFSV | 1.6% | $14m | 98,990 | +15% |
| InfosysINFY | 1.6% | $14m | 1,316,000 | +15% |
| ServiceNowNOW | 1.4% | $12m | 121,500 | -20% |
| Tetra TechTTEK | 1.4% | $12m | 411,000 | Held |
| DeereDE | 1.4% | $12m | 18,700 | -28% |
| StrykerSYK | 1.3% | $12m | 36,800 | New |
| MSA SafetyMSA | 1.3% | $11m | 65,375 | Held |
| Moody'sMCO | 1.3% | $11m | 25,100 | Held |
| AT&TT | 1.3% | $11m | 530,400 | -30% |
| Benchmark ElectronicsBHE | 1.2% | $10m | 101,600 | Held |
| Affiliated Managers GroupAMG | 1.1% | $10m | 29,000 | Held |
| Motorola SolutionsMSI | 1.1% | $10m | 23,000 | Held |
| SanminaSANM | 1.1% | $9m | 36,100 | -28% |
| AdobeADBE | 1.0% | $9m | 44,200 | Held |
| PlexusPLXS | 1.0% | $9m | 29,000 | Held |
| Edgewell Personal CareEPC | 1.0% | $8m | 308,200 | Held |
| Coca-ColaKO | 0.9% | $8m | 98,500 | -42% |
| CGIGIB | 0.9% | $8m | 122,000 | Held |
| Idexx LaboratoriesIDXX | 0.9% | $8m | 14,800 | Held |
| Blue Owl CapitalOBDC | 0.9% | $8m | 715,000 | New |
| TFI InternationalTFII | 0.8% | $7m | 46,700 | -58% |
| Silgan HoldingsSLGN | 0.7% | $6m | 136,900 | Held |
| PerrigoPRGO | 0.7% | $6m | 596,000 | +64% |
| CartersCRI | 0.7% | $6m | 141,100 | Held |
| Coca-Cola ConsolidatedCOKE | 0.7% | $6m | 29,600 | Held |
| Resideo TechnologiesREZI | 0.6% | $5m | 157,600 | Held |
| LivaNovaLIVN | 0.5% | $5m | 55,000 | New |
| BrinksBCO | 0.5% | $4m | 47,600 | Held |
| Ionis PharmaceuticalsIONS | 0.5% | $4m | 52,000 | Held |
| TJX CompaniesTJX | 0.5% | $4m | 27,000 | -52% |
| Nabors IndustriesNBR | 0.2% | $2m | 23,200 | Held |
| Ishares TRHYG | 0.1% | $1m | 13,700 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 18.6% since 30 June 2025.
Where the money is
Technology22.0%
Financial services16.1%
Industrials13.8%
Media & telecom9.7%
Retail & consumer7.5%
Energy6.1%
Health care5.9%
Materials5.8%
Utilities4.7%
Real estate1.6%
Everyday goods1.6%
Other5.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.