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Asset Manager ← All Institutions

NICOLA WEALTH MANAGEMENT LTD.

1508 WEST BROADWAY, 5TH FLOOR, VANCOUVER, A1 V6J1W8 • 6047396450

Q2 2025 · Filed 2025-08-11
Market Value
$1.0B
+5.9%
Holdings
116
-4
New Purchases
9
Added To
32
Closed
15
Reduced
30
Top 10 Concentration
39.4%
Turnover
20.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BNS 13.36% 11.01% +2.35% $140M
WCN 2.09% 0.00% +2.09% $22M
CNQ 1.73% 0.00% +1.73% $18M
TU 3.14% 1.58% +1.56% $33M
TD 4.33% 3.09% +1.24% $45M
TJX 1.13% 0.00% +1.13% $12M
PBA 1.09% 0.00% +1.09% $11M
AVGO 3.12% 2.18% +0.95% $33M
KO 0.88% 0.00% +0.88% $9M
SLF 1.76% 1.01% +0.75% $18M
MSFT 3.49% 2.79% +0.70% $37M
URI 0.66% 0.00% +0.66% $7M
AMZN 2.42% 1.79% +0.64% $25M
META 2.78% 2.30% +0.48% $29M
NOW 2.16% 1.77% +0.39% $23M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UNH 0.00% 2.45% -2.45% $0
SHOP 0.00% 2.08% -2.08% $0
CASY 0.51% 2.36% -1.86% $5M
SU 0.00% 1.58% -1.58% $0
EFX 0.00% 1.48% -1.48% $0
WCC 0.00% 1.18% -1.18% $0
ROST 0.00% 1.02% -1.02% $0
LULU 0.00% 1.01% -1.01% $0
LW 0.00% 0.90% -0.90% $0
EA 1.19% 2.00% -0.81% $12M
KLAC 0.77% 1.51% -0.74% $8M
REET 2.13% 2.76% -0.64% $22M
CNI 1.73% 2.35% -0.62% $18M
PDCO 0.00% 0.56% -0.56% $0
AJG 0.76% 1.12% -0.35% $8M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 22.0%
Industrials 18.4%
Communication Services 13.4%
Financial Services 13.0%
Energy 9.2%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 14 $268M 25.6%
Large Cap 66 $677M 64.5%
Mid Cap 27 $90M 8.6%
Small Cap 9 $14M 1.3%

Portfolio Analytics

Avg Market Cap
$250.3B
Median Market Cap
$27.0B
Avg P/E
34.4
Median P/E
28.1
Avg Dividend Yield
0.02%
Avg Beta
1.07
# Stocks
115
# ETFs / Funds
1

Top Holdings (116 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 BNS 13.36% 2,535,100 $140M $55.29 $31M +235,100 +10.2%
2 TD 4.33% 617,602 $45M $73.54 $15M +107,600 +21.1%
3 MSFT 3.49% 73,560 $37M $497.41 $9M
4 TU 3.14% 2,053,419 $33M $16.06 $17M +960,300 +87.8%
5 AVGO 3.12% 118,800 $33M $275.65 $11M -10,000 -7.8%
6 META 2.78% 39,500 $29M $738.09 $6M
7 AMZN 2.42% 115,800 $25M $219.39 $8M +22,800 +24.5%
8 V 2.40% 71,000 $25M $355.05 $326K
9 WMT 2.24% 240,200 $23M $97.78 $2M
10 NOW 2.16% 22,000 $23M $1,028.08 $5M
11 REET 2.13% 903,300 $22M $24.70 -$5M -225,000 -19.9%
12 DE 2.11% 43,500 $22M $508.49 $2M
13 WCN 2.09% 117,400 $22M $186.74 +117,400 NEW
14 UNP 2.07% 94,200 $22M $230.08 $2M +10,000 +11.9%
15 T 1.96% 709,400 $21M $28.94 -$833K -46,000 -6.1%
16 GOOGL 1.91% 113,900 $20M $176.23 $2M
17 H 1.84% 138,500 $19M $139.65 $2M
18 LIN 1.78% 39,800 $19M $469.18 $3M +6,500 +19.5%
19 IDXX 1.78% 34,800 $19M $536.34 $2M -4,500 -11.4%
20 SLF 1.76% 277,300 $18M $66.53 $8M +103,100 +59.2%
21 PLD 1.74% 173,544 $18M $105.12 $542K +15,205 +9.6%
22 CNI 1.73% 174,600 $18M $104.18 -$5M -65,000 -27.1%
23 CNQ 1.73% 575,900 $18M $31.42 +575,900 NEW
24 CCK 1.72% 175,000 $18M $102.98 $2M
25 ADBE 1.63% 44,200 $17M $386.88 $148K
26 NFLX 1.53% 12,000 $16M $1,339.13 $217K -5,000 -29.4%
27 TSM 1.45% 67,000 $15M $226.49 $4M
28 ISRG 1.38% 26,600 $14M $543.41 $4M +4,600 +20.9%
29 BCE 1.34% 632,400 $14M $22.17 $3M +135,200 +27.2%
30 CUBE 1.30% 320,300 $14M $42.50 $1M +31,300 +10.8%
31 GIB 1.22% 122,000 $13M $105.00 -$622K -12,500 -9.3%
32 INFY 1.20% 680,000 $13M $18.53 $2M +121,000 +21.6%
33 TRP 1.20% 257,696 $13M $48.81 $2M +25,500 +11.0%
34 EA 1.19% 77,900 $12M $159.70 -$7M -59,000 -43.1%
35 TJX 1.13% 96,000 $12M $123.49 +96,000 NEW
36 PBA 1.09% 305,400 $11M $37.54 +305,400 NEW
37 KO 0.88% 130,000 $9M $70.75 +130,000 NEW
38 HDB 0.84% 115,000 $9M $76.67 -$2M -48,000 -29.4%
39 NVDA 0.80% 53,000 $8M $157.99 $3M
40 KLAC 0.77% 9,000 $8M $895.74 -$7M -13,000 -59.1%
41 AJG 0.76% 25,000 $8M $320.12 -$3M -7,000 -21.9%
42 URI 0.66% 9,200 $7M $753.40 +9,200 NEW
43 STN 0.61% 59,100 $6M $108.79 $2M
44 SLGN 0.55% 105,900 $6M $54.18 $324K
45 PRGO 0.52% 203,000 $5M $26.72 -$268K
46 SANM 0.51% 55,100 $5M $97.83 $1M
47 CASY 0.51% 10,400 $5M $510.27 -$18M -43,500 -80.7%
48 REZI 0.48% 229,600 $5M $22.06 $1M
49 JBL 0.47% 22,500 $5M $218.10 $349K -11,000 -32.8%
50 BHE 0.46% 124,600 $5M $38.83 $1M +32,000 +34.6%
51 AB 0.44% 114,000 $5M $40.83 -$1M -41,000 -26.4%
52 COKE 0.43% 40,600 $5M $111.65 -$2M +35,540 +702.4%
53 AMG 0.41% 22,000 $4M $196.77 $632K
54 BCO 0.35% 41,600 $4M $89.29 $130K
55 IONS 0.33% 87,000 $3M $39.51 $813K
56 WELL 0.30% 20,642 $3M $153.73 $185K +1,140 +5.8%
57 DLR 0.29% 17,732 $3M $174.33 $2M +7,280 +69.7%
58 XYL 0.27% 22,000 $3M $129.36 $875K +5,500 +33.3%
59 BEP 0.27% 110,000 $3M $25.49 $146K -10,000 -8.3%
60 EQIX 0.26% 3,486 $3M $795.47 -$432K -445 -11.3%
61 CEG 0.26% 8,500 $3M $322.76 $425K -3,000 -26.1%
62 ORA 0.26% 32,500 $3M $83.76 $599K +2,500 +8.3%
63 AWK 0.26% 19,500 $3M $139.11 $574K +5,000 +34.5%
64 NEE 0.25% 38,500 $3M $69.42 $333K +5,500 +16.7%
65 PWR 0.25% 7,000 $3M $378.08 $232K -2,500 -26.3%
66 EPC 0.25% 110,200 $3M $23.41 -$860K
67 ITRI 0.23% 18,500 $2M $131.63 -$79K -5,500 -22.9%
68 DNB 0.23% 267,000 $2M $9.09 $40K
69 HASI 0.23% 90,000 $2M $26.86 -$68K +5,000 +5.9%
70 EQR 0.22% 34,943 $2M $67.49 -$42K +1,415 +4.2%
71 FSLR 0.22% 14,000 $2M $165.54 $548K
72 CCJ 0.22% 31,000 $2M $74.25 $613K -10,000 -24.4%
73 FL 0.21% 91,000 $2M $24.50 $946K
74 WBA 0.21% 190,000 $2M $11.48 $59K
75 CRI 0.20% 71,100 $2M $30.13 -$766K
76 INVH 0.19% 61,231 $2M $32.80 $88K +6,113 +11.1%
77 CPT 0.17% 15,471 $2M $112.69 -$30K +971 +6.7%
78 VICI 0.16% 52,537 $2M $32.60 -$22K -648 -1.2%
79 PSA 0.15% 5,480 $2M $293.42 -$1M -3,410 -38.4%
80 VTR 0.14% 23,770 $2M $63.15 $332K +6,770 +39.8%
81 ADC 0.14% 20,296 $1M $73.06 $13K +1,250 +6.6%
82 HLT 0.14% 5,440 $1M $266.34 $612K +1,760 +47.8%
83 CBRE 0.13% 10,055 $1M $140.12 $216K +931 +10.2%
84 SPG 0.13% 8,550 $1M $160.76 +8,550 NEW
85 SNDA 0.13% 54,977 $1M $24.95 -$32K -5,292 -8.8%
86 PDS 0.13% 28,000 $1M $47.35 $24K
87 REG 0.12% 17,900 $1M $71.23 -$45K
88 VRT 0.11% 9,000 $1M $128.41 $490 -7,000 -43.8%
89 ENPH 0.11% 28,000 $1M $39.65 -$317K +5,000 +21.7%
90 TTEK 0.10% 30,000 $1M $35.96 -$735K -32,000 -51.6%
91 AMT 0.10% 4,881 $1M $221.02 -$506K -2,400 -33.0%
92 EGP 0.10% 6,200 $1M $167.12 $332K +2,200 +55.0%
93 NNN 0.09% 21,506 $929K $43.18 $50K +906 +4.4%
94 NXT 0.09% 17,000 $924K $54.37 -$129K -8,000 -32.0%
95 BE 0.08% 35,000 $837K $23.92 -$598K -38,000 -52.0%
96 BRX 0.07% 29,060 $757K $26.04 -$79K -2,430 -7.7%
97 SLG 0.07% 11,596 $718K $61.90 +11,596 NEW
98 NBR 0.06% 23,200 $650K $28.02 -$318K
99 HIW 0.06% 19,160 $596K $31.09 $9K -640 -3.2%
100 HP 0.04% 25,900 $393K $15.16 -$284K

New Positions

SymbolValue% Port
WCN $22M 2.09%
CNQ $18M 1.73%
TJX $12M 1.13%
PBA $11M 1.09%
KO $9M 0.88%
URI $7M 0.66%
SPG $1M 0.13%
SLG $718K 0.07%
HPP $392K 0.04%

Sold Out Positions

SymbolValue% Port
EFX —%
SU —%
FR —%
SUI —%
WCC —%
LW —%
UNH —%
SHO —%
MAC —%
DCBO —%
LULU —%
SHOP —%
RUN —%
ROST —%
PDCO —%
View SEC EDGAR Filings for NICOLA WEALTH MANAGEMENT LTD. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms