13F HOLDINGS REPORT
NICOLA WEALTH MANAGEMENT LTD.
Quarter ended Q3 2025 · Filed October 31, 2025 · Accession 0001734493-25-000010
Total Value
$1.12B
Positions
65
Other Managers
0
Confidential Omitted
No
Holdings (65)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | TC ENERGY CORP | TRPRF | 2,302,996 | $125.2M | 11.15% |
| 2 | CANADIAN IMPERIAL BANK OF CO | CNDIF | 950,000 | $75.9M | 6.76% |
| 3 | MICROSOFT CORP | MSFT | 66,560 | $34.5M | 3.07% |
| 4 | TORONTO DOMINION BK ONT | TORO | 427,202 | $34.2M | 3.04% |
| 5 | TELUS CORPORATION | TU | 2,125,419 | $33.5M | 2.98% |
| 6 | BANK NOVA SCOTIA HALIFAX | 064149107 | 517,300 | $33.5M | 2.98% |
| 7 | WASTE CONNECTIONS INC | WCN | 188,100 | $33.1M | 2.94% |
| 8 | PEMBINA PIPELINE CORP | PPLOF | 771,500 | $31.2M | 2.78% |
| 9 | META PLATFORMS INC | META | 41,000 | $30.1M | 2.68% |
| 10 | UNION PAC CORP | UNP | 112,000 | $26.5M | 2.36% |
| 11 | AMAZON COM INC | AMZN | 115,800 | $25.4M | 2.26% |
| 12 | SERVICENOW INC | NOW | 27,600 | $25.4M | 2.26% |
| 13 | INTUITIVE SURGICAL INC | ISRG | 55,800 | $25.0M | 2.22% |
| 14 | VISA INC | V | 71,000 | $24.2M | 2.16% |
| 15 | NVIDIA CORPORATION | NVDA | 123,000 | $22.9M | 2.04% |
| 16 | AT&T INC | T-PC | 789,400 | $22.3M | 1.98% |
| 17 | SUN LIFE FINANCIAL INC. | SUNFF | 356,800 | $21.4M | 1.91% |
| 18 | DEERE & CO | DE | 45,500 | $20.8M | 1.85% |
| 19 | HYATT HOTELS CORP | H | 138,500 | $19.7M | 1.75% |
| 20 | WALMART INC | WMT | 190,200 | $19.6M | 1.74% |
| 21 | LINDE PLC | LIN | 39,800 | $18.9M | 1.68% |
| 22 | CANADIAN NATL RY CO | 136375102 | 198,800 | $18.7M | 1.67% |
| 23 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 67,000 | $18.7M | 1.67% |
| 24 | CANADIAN NAT RES LTD | 136385101 | 575,900 | $18.4M | 1.64% |
| 25 | PROLOGIS INC. | PLDGP | 142,000 | $16.3M | 1.45% |
| 26 | ADOBE INC | ADBE | 44,200 | $15.6M | 1.39% |
| 27 | BCE INC | BCPPF | 632,400 | $14.8M | 1.32% |
| 28 | SYNOPSYS INC | SNPS | 29,200 | $14.4M | 1.28% |
| 29 | NETFLIX INC | NFLX | 12,000 | $14.4M | 1.28% |
| 30 | INFOSYS LTD | INFY | 822,000 | $13.4M | 1.19% |
| 31 | GALLAGHER ARTHUR J & CO | 363576109 | 42,900 | $13.3M | 1.18% |
| 32 | CROWN HLDGS INC | CCK | 132,000 | $12.7M | 1.13% |
| 33 | CUBESMART | CUBE | 309,000 | $12.6M | 1.12% |
| 34 | MSA SAFETY INC | MNESP | 72,375 | $12.5M | 1.11% |
| 35 | BROOKFIELD ASSET MANAGMT LTD | 113004105 | 216,558 | $12.3M | 1.10% |
| 36 | COCA COLA CO | KO | 185,000 | $12.3M | 1.09% |
| 37 | IDEXX LABS INC | 45168D104 | 18,800 | $12.0M | 1.07% |
| 38 | ALPHABET INC | GOOG | 48,500 | $11.8M | 1.05% |
| 39 | COPART INC | CPRT | 255,000 | $11.5M | 1.02% |
| 40 | CGI INC | GIB | 122,000 | $10.9M | 0.97% |
| 41 | HDFC BANK LTD | HDB | 312,000 | $10.7M | 0.95% |
| 42 | CANADIAN PACIFIC KANSAS CITY | CP | 141,500 | $10.5M | 0.94% |
| 43 | BROADCOM INC | AVGO | 31,500 | $10.4M | 0.93% |
| 44 | ISHARES TR | 464288513 | 125,000 | $10.1M | 0.90% |
| 45 | TJX COS INC NEW | 872540109 | 69,000 | $10.0M | 0.89% |
| 46 | STANTEC INC | STN | 81,200 | $8.8M | 0.78% |
| 47 | TFI INTL INC | 87241L109 | 81,000 | $7.1M | 0.63% |
| 48 | AFFILIATED MANAGERS GROUP IN | MGRE | 29,000 | $6.9M | 0.62% |
| 49 | WATSCO INC | WSO-B | 17,000 | $6.9M | 0.61% |
| 50 | RESIDEO TECHNOLOGIES INC | REZI | 157,600 | $6.8M | 0.61% |
| 51 | PLEXUS CORP | PLXS | 46,000 | $6.7M | 0.59% |
| 52 | SANMINA CORPORATION | SANM | 55,100 | $6.3M | 0.56% |
| 53 | PERRIGO CO PLC | PRGO | 281,000 | $6.3M | 0.56% |
| 54 | IONIS PHARMACEUTICALS INC | IONS | 87,000 | $5.7M | 0.51% |
| 55 | CARTERS INC | CRI | 179,100 | $5.1M | 0.45% |
| 56 | GRANITE REAL ESTATE INVT TR | 387437205 | 90,500 | $5.0M | 0.45% |
| 57 | BRINKS CO | BCO | 41,600 | $4.9M | 0.43% |
| 58 | BENCHMARK ELECTRS INC | 08160H101 | 124,600 | $4.8M | 0.43% |
| 59 | COCA COLA CONS INC | COKE | 40,600 | $4.8M | 0.42% |
| 60 | SILGAN HLDGS INC | SLGN | 105,900 | $4.6M | 0.41% |
| 61 | ALLIANCEBERNSTEIN HLDG L P | 01881G106 | 114,000 | $4.4M | 0.39% |
| 62 | EDGEWELL PERS CARE CO | 28035Q102 | 199,200 | $4.1M | 0.36% |
| 63 | PRECISION DRILLING CORP | PDS | 28,000 | $1.6M | 0.14% |
| 64 | NABORS INDUSTRIES LTD | NBRWF | 23,200 | $948,119 | 0.08% |
| 65 | HELMERICH & PAYNE INC | HP | 25,900 | $572,092 | 0.05% |