13F HOLDINGS REPORT
NICOLA WEALTH MANAGEMENT LTD.
Quarter ended Q4 2025 · Filed February 9, 2026 · Accession 0001734493-26-000002
Total Value
$1.10B
Positions
65
Other Managers
0
Confidential Omitted
No
Holdings (65)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | TC ENERGY CORP | TRPRF | 2,000,000 | $110.1M | 10.02% |
| 2 | BANK NOVA SCOTIA HALIFAX | 064149107 | 1,361,500 | $100.4M | 9.14% |
| 3 | PEMBINA PIPELINE CORP | PPLOF | 987,800 | $37.6M | 3.42% |
| 4 | TORONTO DOMINION BK ONT | TORO | 363,302 | $34.2M | 3.12% |
| 5 | WASTE CONNECTIONS INC | WCN | 185,400 | $32.5M | 2.96% |
| 6 | MICROSOFT CORP | MSFT | 66,560 | $32.2M | 2.93% |
| 7 | UNION PAC CORP | UNP | 112,000 | $25.9M | 2.36% |
| 8 | VISA INC | V | 71,000 | $24.9M | 2.27% |
| 9 | AMAZON COM INC | AMZN | 105,800 | $24.4M | 2.22% |
| 10 | INTUITIVE SURGICAL INC | ISRG | 42,900 | $24.3M | 2.21% |
| 11 | NVIDIA CORPORATION | NVDA | 123,000 | $22.9M | 2.09% |
| 12 | SUN LIFE FINANCIAL INC. | SUNFF | 366,900 | $22.9M | 2.08% |
| 13 | AT&T INC | T-PC | 916,400 | $22.8M | 2.07% |
| 14 | DEERE & CO | DE | 45,500 | $21.2M | 1.93% |
| 15 | SERVICENOW INC | NOW | 138,000 | $21.1M | 1.92% |
| 16 | META PLATFORMS INC | META | 31,700 | $20.9M | 1.90% |
| 17 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 67,000 | $20.4M | 1.85% |
| 18 | HYATT HOTELS CORP | H | 123,500 | $19.8M | 1.80% |
| 19 | CANADIAN NATL RY CO | 136375102 | 198,800 | $19.7M | 1.79% |
| 20 | WALMART INC | WMT | 176,200 | $19.6M | 1.79% |
| 21 | BCE INC | BCPPF | 729,000 | $17.4M | 1.58% |
| 22 | LINDE PLC | LIN | 39,800 | $17.0M | 1.54% |
| 23 | INFOSYS LTD | INFY | 948,000 | $16.9M | 1.54% |
| 24 | TELUS CORPORATION | TU | 1,223,219 | $16.1M | 1.47% |
| 25 | NETFLIX INC | NFLX | 167,000 | $15.7M | 1.42% |
| 26 | ADOBE INC | ADBE | 44,200 | $15.5M | 1.41% |
| 27 | HDFC BANK LTD | HDB | 403,000 | $14.7M | 1.34% |
| 28 | CANADIAN NAT RES LTD | 136385101 | 432,900 | $14.7M | 1.33% |
| 29 | SYNOPSYS INC | SNPS | 29,200 | $13.7M | 1.25% |
| 30 | CROWN HLDGS INC | CCK | 132,000 | $13.6M | 1.24% |
| 31 | BROOKFIELD ASSET MANAGMT LTD | 113004105 | 251,758 | $13.2M | 1.20% |
| 32 | TFI INTL INC | 87241L109 | 126,600 | $13.1M | 1.19% |
| 33 | TETRA TECH INC NEW | TTEK | 365,000 | $12.2M | 1.11% |
| 34 | COCA COLA CO | KO | 170,000 | $11.9M | 1.08% |
| 35 | MSA SAFETY INC | MNESP | 72,375 | $11.6M | 1.05% |
| 36 | PROLOGIS INC. | PLDGP | 89,000 | $11.4M | 1.03% |
| 37 | CGI INC | GIB | 122,000 | $11.3M | 1.03% |
| 38 | CUBESMART | CUBE | 309,000 | $11.1M | 1.01% |
| 39 | GALLAGHER ARTHUR J & CO | 363576109 | 42,900 | $11.1M | 1.01% |
| 40 | BROADCOM INC | AVGO | 31,500 | $10.9M | 0.99% |
| 41 | CANADIAN PACIFIC KANSAS CITY | CP | 141,500 | $10.4M | 0.95% |
| 42 | ISHARES TR | 464288513 | 125,000 | $10.1M | 0.92% |
| 43 | IDEXX LABS INC | 45168D104 | 14,800 | $10.0M | 0.91% |
| 44 | COPART INC | CPRT | 255,000 | $10.0M | 0.91% |
| 45 | GARTNER INC | IT | 35,500 | $9.0M | 0.81% |
| 46 | ALPHABET INC | GOOG | 27,500 | $8.6M | 0.78% |
| 47 | TJX COS INC NEW | 872540109 | 56,000 | $8.6M | 0.78% |
| 48 | AFFILIATED MANAGERS GROUP IN | MGRE | 29,000 | $8.4M | 0.76% |
| 49 | SANMINA CORPORATION | SANM | 55,100 | $8.3M | 0.75% |
| 50 | TOTALENERGIES SE | TTE | 144,000 | $8.0M | 0.73% |
| 51 | FIRSTSERVICE CORP NEW | FSV | 50,390 | $7.8M | 0.71% |
| 52 | IONIS PHARMACEUTICALS INC | IONS | 87,000 | $6.9M | 0.63% |
| 53 | PLEXUS CORP | PLXS | 46,000 | $6.8M | 0.62% |
| 54 | COCA COLA CONS INC | COKE | 40,600 | $6.2M | 0.57% |
| 55 | STANTEC INC | STN | 64,600 | $6.1M | 0.55% |
| 56 | CARTERS INC | CRI | 179,100 | $5.8M | 0.53% |
| 57 | BRINKS CO | BCO | 47,600 | $5.6M | 0.51% |
| 58 | RESIDEO TECHNOLOGIES INC | REZI | 157,600 | $5.5M | 0.50% |
| 59 | SILGAN HLDGS INC | SLGN | 136,900 | $5.5M | 0.50% |
| 60 | BENCHMARK ELECTRS INC | 08160H101 | 124,600 | $5.3M | 0.48% |
| 61 | EDGEWELL PERS CARE CO | 28035Q102 | 308,200 | $5.3M | 0.48% |
| 62 | PERRIGO CO PLC | PRGO | 281,000 | $3.9M | 0.36% |
| 63 | WATSCO INC | WSO-B | 8,000 | $2.7M | 0.25% |
| 64 | PRECISION DRILLING CORP | PDS | 28,000 | $2.0M | 0.18% |
| 65 | NABORS INDUSTRIES LTD | NBRWF | 23,200 | $1.3M | 0.11% |