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Asset Manager ← All Institutions

NICOLA WEALTH MANAGEMENT LTD.

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

Q3 2025 · Filed 2025-10-31
Market Value
$1.1B
+4.4%
Holdings
109
-7
New Purchases
8
Added To
22
Closed
47
Reduced
12
Top 10 Concentration
41.8%
Turnover
50.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TRP 11.43% 1.20% +10.23% $125M
CM 6.93% 0.00% +6.93% $76M
PBA 2.85% 1.09% +1.75% $31M
SNPS 1.32% 0.00% +1.32% $14M
NVDA 2.09% 0.80% +1.30% $23M
MSA 1.14% 0.00% +1.14% $12M
CPRT 1.05% 0.00% +1.05% $11M
WCN 3.02% 2.09% +0.93% $33M
HYG 0.93% 0.00% +0.93% $10M
ISRG 2.28% 1.38% +0.90% $25M
TFII 0.65% 0.00% +0.65% $7M
WSO 0.63% 0.00% +0.63% $7M
PLXS 0.61% 0.00% +0.61% $7M
AJG 1.21% 0.76% +0.45% $13M
UNP 2.42% 2.07% +0.35% $26M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BNS 3.05% 13.36% -10.31% $33M
AVGO 0.95% 3.12% -2.17% $10M
REET 0.00% 2.13% -2.13% $0
TD 3.12% 4.33% -1.21% $34M
EA 0.00% 1.19% -1.19% $0
GOOGL 1.08% 1.91% -0.84% $12M
KLAC 0.00% 0.77% -0.77% $0
IDXX 1.10% 1.78% -0.68% $12M
URI 0.00% 0.66% -0.66% $0
CCK 1.16% 1.72% -0.55% $13M
CASY 0.00% 0.51% -0.51% $0
JBL 0.00% 0.47% -0.47% $0
WMT 1.79% 2.24% -0.45% $20M
MSFT 3.15% 3.49% -0.34% $34M
WELL 0.00% 0.30% -0.30% $0

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 13 $243M 22.2%
Large Cap 65 $761M 69.5%
Mid Cap 24 $73M 6.7%
Small Cap 7 $18M 1.6%

Portfolio Analytics

Avg Market Cap
$262.4B
Median Market Cap
$30.6B
Avg P/E
35.4
Median P/E
28.7
Avg Dividend Yield
0.02%
Avg Beta
1.05
# Stocks
107
# ETFs / Funds
2

Top Holdings (109 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 TRP 11.43% 2,302,996 $125M $54.38 $113M +2,045,300 +793.7%
2 CM 6.93% 950,000 $76M $79.92 +950,000 NEW
3 MSFT 3.15% 66,560 $34M $517.95 -$2M -7,000 -9.5%
4 TD 3.12% 427,202 $34M $79.97 -$11M -190,400 -30.8%
5 TU 3.06% 2,125,419 $33M $15.75 $507K +72,000 +3.5%
6 BNS 3.05% 517,300 $33M $64.67 -$107M -2,017,800 -79.6%
7 WCN 3.02% 188,100 $33M $175.80 $11M +70,700 +60.2%
8 PBA 2.85% 771,500 $31M $40.44 $20M +466,100 +152.6%
9 META 2.75% 41,000 $30M $734.38 $955K +1,500 +3.8%
10 UNP 2.42% 112,000 $26M $236.37 $5M +17,800 +18.9%
11 AMZN 2.32% 115,800 $25M $219.57 $21K
12 NOW 2.32% 27,600 $25M $920.28 $3M +5,600 +25.4%
13 ISRG 2.28% 55,800 $25M $447.23 $11M +29,200 +109.8%
14 V 2.21% 71,000 $24M $341.38 -$971K
15 NVDA 2.09% 123,000 $23M $186.58 $15M +70,000 +132.1%
16 T 2.03% 789,400 $22M $28.24 $2M +80,000 +11.3%
17 SLF 1.96% 356,800 $21M $60.05 $3M +79,500 +28.7%
18 DE 1.90% 45,500 $21M $457.26 -$1M +2,000 +4.6%
19 H 1.79% 138,500 $20M $141.93 $316K
20 WMT 1.79% 190,200 $20M $103.06 -$4M -50,000 -20.8%
21 LIN 1.73% 39,800 $19M $475.00 $232K
22 CNI 1.71% 198,800 $19M $94.31 $559K +24,200 +13.9%
23 TSM 1.71% 67,000 $19M $279.27 $4M
24 CNQ 1.68% 575,900 $18M $31.98 $319K
25 PLD 1.48% 142,000 $16M $114.52 -$2M -31,544 -18.2%
26 ADBE 1.42% 44,200 $16M $352.75 -$2M
27 BCE 1.35% 632,400 $15M $23.37 $756K
28 SNPS 1.32% 29,200 $14M $493.39 +29,200 NEW
29 NFLX 1.31% 12,000 $14M $1,198.92 -$2M
30 INFY 1.22% 822,000 $13M $16.27 $773K +142,000 +20.9%
31 AJG 1.21% 42,900 $13M $309.74 $5M +17,900 +71.6%
32 CCK 1.16% 132,000 $13M $96.59 -$5M -43,000 -24.6%
33 CUBE 1.15% 309,000 $13M $40.66 -$1M -11,300 -3.5%
34 MSA 1.14% 72,375 $12M $172.07 +72,375 NEW
35 KO 1.12% 185,000 $12M $66.32 $3M +55,000 +42.3%
36 IDXX 1.10% 18,800 $12M $638.89 -$7M -16,000 -46.0%
37 GOOGL 1.08% 48,500 $12M $243.10 -$8M -65,400 -57.4%
38 CPRT 1.05% 255,000 $11M $44.97 +255,000 NEW
39 GIB 0.99% 122,000 $11M $89.08 -$2M
40 HDB 0.97% 312,000 $11M $34.16 $2M +197,000 +171.3%
41 AVGO 0.95% 31,500 $10M $329.91 -$22M -87,300 -73.5%
42 HYG 0.93% 125,000 $10M $81.18 +125,000 NEW
43 TJX 0.91% 69,000 $10M $144.54 -$2M -27,000 -28.1%
44 STN 0.80% 81,200 $9M $107.85 $2M +22,100 +37.4%
45 TFII 0.65% 81,000 $7M $88.01 +81,000 NEW
46 AMG 0.63% 29,000 $7M $238.41 $3M +7,000 +31.8%
47 WSO 0.63% 17,000 $7M $404.30 +17,000 NEW
48 REZI 0.62% 157,600 $7M $43.18 $2M -72,000 -31.4%
49 PLXS 0.61% 46,000 $7M $144.68 +46,000 NEW
50 SANM 0.58% 55,100 $6M $115.10 $952K
51 PRGO 0.57% 281,000 $6M $22.27 $833K +78,000 +38.4%
52 IONS 0.52% 87,000 $6M $65.42 $2M
53 CRI 0.46% 179,100 $5M $28.22 $3M +108,000 +151.9%
54 BCO 0.44% 41,600 $5M $116.85 $1M
55 BHE 0.44% 124,600 $5M $38.55 -$35K
56 COKE 0.43% 40,600 $5M $117.15 $223K
57 SLGN 0.42% 105,900 $5M $43.01 -$1M
58 AB 0.40% 114,000 $4M $38.22 -$298K
59 EPC 0.37% 199,200 $4M $20.36 $1M +89,000 +80.8%
60 PDS 0.14% 28,000 $2M $56.32 $251K
61 NBR 0.09% 23,200 $948K $40.87 $298K
62 HP 0.05% 25,900 $572K $22.09 $179K
63 VRT —% -$1M -9,000 -100.0% SOLD
64 ORA —% -$3M -32,500 -100.0% SOLD
65 CPT —% -$2M -15,471 -100.0% SOLD
66 CCJ —% -$2M -31,000 -100.0% SOLD
67 HPP —% -$392K -143,100 -100.0% SOLD
68 PSA —% -$2M -5,480 -100.0% SOLD
69 HIW —% -$596K -19,160 -100.0% SOLD
70 CASY —% -$5M -10,400 -100.0% SOLD
71 EA —% -$12M -77,900 -100.0% SOLD
72 VICI —% -$2M -52,537 -100.0% SOLD
73 XYL —% -$3M -22,000 -100.0% SOLD
74 INVH —% -$2M -61,231 -100.0% SOLD
75 REET —% -$22M -903,300 -100.0% SOLD
76 URI —% -$7M -9,200 -100.0% SOLD
77 ADC —% -$1M -20,296 -100.0% SOLD
78 SPG —% -$1M -8,550 -100.0% SOLD
79 EQR —% -$2M -34,943 -100.0% SOLD
80 HASI —% -$2M -90,000 -100.0% SOLD
81 HLT —% -$1M -5,440 -100.0% SOLD
82 JBL —% -$5M -22,500 -100.0% SOLD
83 EQIX —% -$3M -3,486 -100.0% SOLD
84 SNDA —% -$1M -54,977 -100.0% SOLD
85 SLG —% -$718K -11,596 -100.0% SOLD
86 NNN —% -$929K -21,506 -100.0% SOLD
87 REG —% -$1M -17,900 -100.0% SOLD
88 FSLR —% -$2M -14,000 -100.0% SOLD
89 DLR —% -$3M -17,732 -100.0% SOLD
90 ENPH —% -$1M -28,000 -100.0% SOLD
91 CBRE —% -$1M -10,055 -100.0% SOLD
92 CEG —% -$3M -8,500 -100.0% SOLD
93 PWR —% -$3M -7,000 -100.0% SOLD
94 ITRI —% -$2M -18,500 -100.0% SOLD
95 KLAC —% -$8M -9,000 -100.0% SOLD
96 AWK —% -$3M -19,500 -100.0% SOLD
97 AMT —% -$1M -4,881 -100.0% SOLD
98 BE —% -$837K -35,000 -100.0% SOLD
99 BRX —% -$757K -29,060 -100.0% SOLD
100 BEP —% -$3M -110,000 -100.0% SOLD

New Positions

SymbolValue% Port
CM $76M 6.93%
SNPS $14M 1.32%
MSA $12M 1.14%
CPRT $11M 1.05%
HYG $10M 0.93%
TFII $7M 0.65%
WSO $7M 0.63%
PLXS $7M 0.61%

Sold Out Positions

SymbolValue% Port
EGP —%
NEE —%
BRX —%
AMT —%
DLR —%
HLT —%
ADC —%
VICI —%
HASI —%
EQR —%
SPG —%
BE —%
HPP —%
NNN —%
CBRE —%
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