Nicola Wealth Management LTD.

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 6, 2026), Nicola Wealth Management LTD. reported 61 stock positions worth $868.4 million. Its top holding was Waste Connections (WCN) at 4.7% of the portfolio, followed by Pembina Pipeline (PBA, 3.5%) and Nvidia (NVDA, 3.1%). Compared with Q1 2026, it opened 5 new positions, sold out of 6, added to 14 and reduced 10. The biggest buy was a new position in Brookfield Infrastructure Pa (BIP) and the biggest sale an exit from Canadian Natural Resources (CNQ).

Most Recent 13F
Q2 2026
Location
VANCOUVER, A1
CIK
0001734493
Portfolio Value
$868.4M (Q2 2026)
SEC Filing
0001734493-26-000006 ↗ filed Aug 6, 2026

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.0B Q1 2024 Q2 2024: $1.1B Q2 2024 Q3 2024: $1.3B Q3 2024 Q4 2024: $1.1B Q4 2024 Q1 2025: $1.0B Q1 2025 Q2 2025: $1.1B Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.1B Q4 2025 Q1 2026: $833.0M Q1 2026 Q2 2026: $868.4M $868.4M Q2 2026

Holdings 61 stocks · $868.4M
WCN Waste Connections Inc. 4.66% 243,000 $40.5M Add +16.5%
PBA Pembina Pipeline Corp. 3.54% 664,500 $30.7M No change
NVDA Nvidia Corp. 3.10% 134,500 $26.9M Add +9.3%
MSFT Microsoft Corp. 2.88% 67,060 $25.0M Add +26.4%
TSM Taiwan Semiconductor-SP ADR 2.86% 52,000 $24.8M Add +10.6%
V Visa Inc. Class A 2.81% 71,000 $24.4M No change
BIP Brookfield Infrastructure Pa 2.79% 664,700 $24.3M New
BAM Brookfield Asset Mgmt-A 2.66% 515,658 $23.1M Add +18.9%
TD Toronto-Dominion Bank 2.57% 183,802 $22.3M No change
UNP Union Pacific Corp. 2.46% 78,500 $21.4M Reduce -9.8%
META Meta Platforms Inc. Class A 2.45% 37,700 $21.2M Add +13.6%
GOOGL Alphabet Inc. Class A 2.39% 58,000 $20.7M Add +28.9%
LIN Linde PLC 2.38% 39,800 $20.7M No change
CNI Canadian Natl Railway Co. 2.32% 168,600 $20.1M No change
AMZN Amazon.com Inc. 2.30% 83,800 $20.0M No change
TTE Totalenergies SE 2.30% 257,000 $20.0M No change
AVGO Broadcom Inc. 2.26% 51,900 $19.6M Add +38.4%
STN Stantec Inc. 2.17% 273,800 $18.9M Add +35.0%
SNPS Synopsys Inc. 2.09% 40,700 $18.2M No change
HDB HDFC Bank Ltd.-ADR 2.04% 685,000 $17.7M Add +27.3%
AAPL Apple Inc. 2.03% 61,000 $17.7M No change
H Hyatt Hotels Corp. Class A 2.03% 90,800 $17.6M Reduce -13.9%
HD Home Depot Inc. 1.99% 49,000 $17.3M New
ISRG Intuitive Surgical Inc. 1.96% 42,900 $17.1M No change
SLF Sun Life Financial Inc. 1.85% 204,800 $16.1M Reduce -48.1%
NFLX Netflix Inc. 1.83% 222,700 $15.9M No change
BCE Bce Inc. 1.81% 729,000 $15.7M No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 1.73% 65,400 $15.0M Add +52.5%
CCK Crown Holdings Inc. 1.70% 132,000 $14.8M No change
FSV Firstservice Corp. 1.62% 98,990 $14.1M Add +15.0%
INFY Infosys Ltd.-SP ADR 1.59% 1,316,000 $13.8M Add +15.3%
NOW ServiceNow Inc. 1.39% 121,500 $12.1M Reduce -19.8%
TTEK Tetra Tech Inc. 1.37% 411,000 $11.9M No change
DE Deere & Co. 1.37% 18,700 $11.9M Reduce -28.4%
SYK Stryker Corp. 1.33% 36,800 $11.6M New
MSA Msa Safety Inc. 1.31% 65,375 $11.4M No change
MCO Moody's Corp. 1.31% 25,100 $11.4M No change
T AT&T Inc. 1.26% 530,400 $11.0M Reduce -30.1%
BHE Benchmark Electronics Inc. 1.15% 101,600 $10.0M No change
AMG Affiliated Managers Group 1.13% 29,000 $9.8M No change
MSI Motorola Solutions Inc. 1.10% 23,000 $9.6M No change
SANM Sanmina Corp. 1.05% 36,100 $9.1M Reduce -27.9%
ADBE Adobe Inc. 1.04% 44,200 $9.1M No change
PLXS Plexus Corp. 1.00% 29,000 $8.7M No change
EPC Edgewell Personal Care Co. 0.95% 308,200 $8.3M No change
KO The Coca-Cola Co. 0.92% 98,500 $8.0M Reduce -42.1%
GIB Cgi Inc. 0.91% 122,000 $7.9M No change
IDXX Idexx Laboratories Inc. 0.90% 14,800 $7.8M No change
OBDC Blue Owl Capital Corp. 0.90% 715,000 $7.8M New
TFII Tfi International Inc. 0.77% 46,700 $6.7M Reduce -58.1%
SLGN Silgan Holdings Inc. 0.73% 136,900 $6.4M No change
PRGO Perrigo Co. PLC 0.71% 596,000 $6.2M Add +63.7%
CRI Carter's Inc. 0.67% 141,100 $5.8M No change
COKE Coca-Cola Consolidated Inc. 0.65% 29,600 $5.7M No change
REZI Resideo Technologies Inc. 0.56% 157,600 $4.9M No change
LIVN Livanova PLC 0.52% 55,000 $4.5M New
BCO The Brink's Co. 0.52% 47,600 $4.5M No change
IONS Ionis Pharmaceuticals Inc. 0.47% 52,000 $4.1M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.47% 27,000 $4.1M Reduce -51.8%
NBR Nabors Industries Ltd. 0.22% 23,200 $1.9M No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.13% 13,700 $1.1M No change

Portfolio Sells Q1 2026 → Q2 2026
CNQ Canadian Natural Resources Sold out 0.00% −1.97
TU Telus Corp. Sold out 0.00% −1.89
WMT Walmart Inc. Sold out 0.00% −1.57
PLD Prologis Inc. Sold out 0.00% −1.41
T AT&T Inc. Reduce -30.1% 1.26% −1.38
CUBE Cubesmart Sold out 0.00% −1.36
SLF Sun Life Financial Inc. Reduce -48.1% 1.85% −1.11
TFII Tfi International Inc. Reduce -58.1% 0.77% −0.68
KO The Coca-Cola Co. Reduce -42.1% 0.92% −0.63
TJX TJX Companies Inc. Reduce -51.8% 0.47% −0.60
NOW ServiceNow Inc. Reduce -19.8% 1.39% −0.51
DE Deere & Co. Reduce -28.4% 1.37% −0.40
PDS Precision Drilling Corp. Sold out 0.00% −0.33
UNP Union Pacific Corp. Reduce -9.8% 2.46% −0.08
H Hyatt Hotels Corp. Class A Reduce -13.9% 2.03% +0.21
SANM Sanmina Corp. Reduce -27.9% 1.05% +0.27

Portfolio Buys Q1 2026 → Q2 2026
BIP Brookfield Infrastructure Pa New 2.79% +2.79
HD Home Depot Inc. New 1.99% +1.99
SYK Stryker Corp. New 1.33% +1.33
TSM Taiwan Semiconductor-SP ADR Add +10.6% 2.86% +0.95
OBDC Blue Owl Capital Corp. New 0.90% +0.90
AVGO Broadcom Inc. Add +38.4% 2.26% +0.86
GOOGL Alphabet Inc. Class A Add +28.9% 2.39% +0.83
AJG Arthur J Gallagher & Co. Add +52.5% 1.73% +0.61
WCN Waste Connections Inc. Add +16.5% 4.66% +0.60
NVDA Nvidia Corp. Add +9.3% 3.10% +0.52
MSFT Microsoft Corp. Add +26.4% 2.88% +0.52
LIVN Livanova PLC New 0.52% +0.52
HDB HDFC Bank Ltd.-ADR Add +27.3% 2.04% +0.43
BAM Brookfield Asset Mgmt-A Add +18.9% 2.66% +0.35
PRGO Perrigo Co. PLC Add +63.7% 0.71% +0.24
FSV Firstservice Corp. Add +15.0% 1.62% +0.18
META Meta Platforms Inc. Class A Add +13.6% 2.45% +0.17
STN Stantec Inc. Add +35.0% 2.17% +0.07
INFY Infosys Ltd.-SP ADR Add +15.3% 1.59% −0.26

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 61$868.4MWCN, PBA, NVDA, MSFT, TSM
Q1 2026 62$833.0MWCN, PBA, SLF, TTE, T
Q4 2025 65$1.1BTRP, BNS, PBA, TD, WCN
Q3 2025 65$1.1BTRP, CM, MSFT, TD, TU
Q2 2025 104$1.1BBNS, TD, MSFT, TU, AVGO
Q1 2025Amended 111$1.0BBNS, TD, MSFT, REET, V
Q4 2024 107$1.1BTD, SHOP, CNI, REET, MSFT
Q3 2024 104$1.3BBNS, TD, TRP, SHOP, RY
Q2 2024 108$1.1BBNS, SU, TRP, RY, ADBE
Q1 2024 113$1.0BBNS, TRP, SU, TD, RY