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Asset Manager ← All Institutions

NICOLA WEALTH MANAGEMENT LTD.

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

Q4 2025 · Filed 2026-02-09
Market Value
$1.1B
-1.8%
Holdings
66
-43
New Purchases
4
Added To
13
Closed
3
Reduced
17
Top 10 Concentration
41.5%
Turnover
10.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BNS 9.34% 3.05% +6.29% $100M
TTEK 1.14% 0.00% +1.14% $12M
IT 0.83% 0.00% +0.83% $9M
TOTB.DE 0.74% 0.00% +0.74% $8M
FSV 0.73% 0.00% +0.73% $8M
PBA 3.50% 2.85% +0.65% $38M
TFII 1.22% 0.65% +0.57% $13M
HDB 1.37% 0.97% +0.40% $15M
INFY 1.57% 1.22% +0.35% $17M
BCE 1.62% 1.35% +0.27% $17M
SANM 0.77% 0.58% +0.19% $8M
TSM 1.89% 1.71% +0.19% $20M
SLF 2.13% 1.96% +0.17% $23M
AMG 0.78% 0.63% +0.15% $8M
COKE 0.58% 0.43% +0.14% $6M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CM 0.00% 6.93% -6.93% $0
TU 1.50% 3.06% -1.56% $16M
TRP 10.24% 11.43% -1.19% $110M
META 1.95% 2.75% -0.80% $21M
PLD 1.06% 1.48% -0.43% $11M
AB 0.00% 0.40% -0.40% $0
WSO 0.25% 0.63% -0.38% $3M
NOW 1.97% 2.32% -0.35% $21M
CNQ 1.36% 1.68% -0.32% $15M
GOOGL 0.80% 1.08% -0.28% $9M
STN 0.57% 0.80% -0.23% $6M
PRGO 0.36% 0.57% -0.21% $4M
AJG 1.03% 1.21% -0.18% $11M
IDXX 0.93% 1.10% -0.17% $10M
MSFT 2.99% 3.15% -0.15% $32M

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 12 $229M 21.3%
Large Cap 36 $742M 69.0%
Mid Cap 13 $86M 8.0%
Small Cap 5 $18M 1.7%

Portfolio Analytics

Avg Market Cap
$404.9B
Median Market Cap
$40.0B
Avg P/E
27.7
Median P/E
24.7
Avg Dividend Yield
0.02%
Avg Beta
0.95
# Stocks
65
# ETFs / Funds
1

Top Holdings (66 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 TRP 10.24% 2,000,000 $110M $55.07 -$15M -302,996 -13.2%
2 BNS 9.34% 1,361,500 $100M $73.76 $67M +844,200 +163.2%
3 PBA 3.50% 987,800 $38M $38.10 $6M +216,300 +28.0%
4 TD 3.18% 363,302 $34M $94.26 $84K -63,900 -15.0%
5 WCN 3.02% 185,400 $33M $175.38 -$554K -2,700 -1.4%
6 MSFT 2.99% 66,560 $32M $483.62 -$2M
7 UNP 2.41% 112,000 $26M $231.32 -$566K
8 V 2.32% 71,000 $25M $350.71 $662K
9 AMZN 2.27% 105,800 $24M $230.82 -$1M -10,000 -8.6%
10 ISRG 2.26% 42,900 $24M $566.36 -$659K -12,900 -23.1%
11 NVDA 2.13% 123,000 $23M $186.50 -$10K
12 SLF 2.13% 366,900 $23M $62.43 $1M +10,100 +2.8%
13 T 2.12% 916,400 $23M $24.84 $471K +127,000 +16.1%
14 DE 1.97% 45,500 $21M $465.57 $378K
15 NOW 1.97% 138,000 $21M $153.19 -$4M +110,400 +400.0%
16 META 1.95% 31,700 $21M $660.09 -$9M -9,300 -22.7%
17 TSM 1.89% 67,000 $20M $303.89 $2M
18 H 1.84% 123,500 $20M $160.32 $142K -15,000 -10.8%
19 CNI 1.83% 198,800 $20M $98.92 $916K
20 WMT 1.83% 176,200 $20M $111.41 $28K -14,000 -7.4%
21 BCE 1.62% 729,000 $17M $23.86 $3M +96,600 +15.3%
22 LIN 1.58% 39,800 $17M $426.39 -$2M
23 INFY 1.57% 948,000 $17M $17.82 $4M +126,000 +15.3%
24 TU 1.50% 1,223,219 $16M $13.18 -$17M -902,200 -42.5%
25 NFLX 1.46% 167,000 $16M $93.76 $1M +155,000 +1291.7%
26 ADBE 1.44% 44,200 $15M $349.99 -$122K
27 HDB 1.37% 403,000 $15M $36.54 $4M +91,000 +29.2%
28 CNQ 1.36% 432,900 $15M $33.88 -$4M -143,000 -24.8%
29 SNPS 1.28% 29,200 $14M $469.72 -$691K
30 CCK 1.26% 132,000 $14M $102.97 $842K
31 TFII 1.22% 126,600 $13M $103.38 $6M +45,600 +56.3%
32 TTEK 1.14% 365,000 $12M $33.54 +365,000 NEW
33 KO 1.11% 170,000 $12M $69.91 -$384K -15,000 -8.1%
34 MSA 1.08% 72,375 $12M $160.14 -$863K
35 PLD 1.06% 89,000 $11M $127.66 -$5M -53,000 -37.3%
36 GIB 1.05% 122,000 $11M $92.38 $403K
37 CUBE 1.04% 309,000 $11M $36.05 -$1M
38 AJG 1.03% 42,900 $11M $258.79 -$2M
39 AVGO 1.01% 31,500 $11M $346.10 $510K
40 HYG 0.94% 125,000 $10M $80.63 -$69K
41 IDXX 0.93% 14,800 $10M $676.53 -$2M -4,000 -21.3%
42 CPRT 0.93% 255,000 $10M $39.15 -$1M
43 IT 0.83% 35,500 $9M $252.28 +35,500 NEW
44 GOOGL 0.80% 27,500 $9M $313.00 -$3M -21,000 -43.3%
45 TJX 0.80% 56,000 $9M $153.61 -$1M -13,000 -18.8%
46 AMG 0.78% 29,000 $8M $288.28 $1M
47 SANM 0.77% 55,100 $8M $150.07 $2M
48 TOTB.DE 0.74% 144,000 $8M $55.59 +144,000 NEW
49 FSV 0.73% 50,390 $8M $155.54 +50,390 NEW
50 IONS 0.64% 87,000 $7M $79.11 $1M
51 PLXS 0.63% 46,000 $7M $147.00 $107K
52 COKE 0.58% 40,600 $6M $153.30 $1M
53 STN 0.57% 64,600 $6M $94.38 -$3M -16,600 -20.4%
54 CRI 0.54% 179,100 $6M $32.43 $754K
55 BCO 0.52% 47,600 $6M $116.73 $695K +6,000 +14.4%
56 REZI 0.51% 157,600 $6M $35.12 -$1M
57 SLGN 0.51% 136,900 $6M $40.37 $972K +31,000 +29.3%
58 BHE 0.50% 124,600 $5M $42.76 $525K
59 EPC 0.49% 308,200 $5M $17.05 $1M +109,000 +54.7%
60 PRGO 0.36% 281,000 $4M $13.92 -$2M
61 WSO 0.25% 8,000 $3M $336.95 -$4M -9,000 -52.9%
62 PDS 0.19% 28,000 $2M $71.77 $432K
63 NBR 0.12% 23,200 $1M $54.30 $312K
64 HP —% -$572K -25,900 -100.0% SOLD
65 AB —% -$4M -114,000 -100.0% SOLD
66 CM —% -$76M -950,000 -100.0% SOLD

New Positions

SymbolValue% Port
TTEK $12M 1.14%
IT $9M 0.83%
TOTB.DE $8M 0.74%
FSV $8M 0.73%

Sold Out Positions

SymbolValue% Port
HP —%
AB —%
CM —%
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