Filed: 10/31/2025ACC: 0001734493-25-000010
📋 What this filing means
NICOLA WEALTH MANAGEMENT LTD. filed this quarterly 13F‑HR report disclosing 65 equity positions with a total reported market value of $1.12B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
65
Positions
$1.12B
Total AUM (reported)
15.87M
Total Shares
Allocation by class
COM$850.54M75.7%
COM NEW$75.47M6.7%
COM CL A$43.90M3.9%
CL A$30.11M2.7%
SPONSORED ADS$29.37M2.6%
SHS$26.11M2.3%
SPONSORED ADR$13.37M1.2%
Portfolio Concentration
Top 3$235.62M21.0%
4–10$221.94M19.8%
11–25$317.80M28.3%
Rest$348.02M31.0%
Top 3 weight
21.0%
Top 10 weight
40.7%
Voting Authority Distribution
Total shares with voting rights: 15.87M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
15.87M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole62
Shared0
Other3
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings65
Rows:
TC ENERGY CORP
SOLEShares2.30M
TypeSH
Market value$125.23M
11.15%
Sole
0.00
Shared
0.00
None
2.30M
CANADIAN IMPERIAL BANK OF CO
SOLEShares950K
TypeSH
Market value$75.92M
6.76%
Sole
0.00
Shared
0.00
None
950K
MICROSOFT CORP
SOLEShares66.56K
TypeSH
Market value$34.47M
3.07%
Sole
0.00
Shared
0.00
None
66.56K
TORONTO DOMINION BK ONT
SOLEShares427.20K
TypeSH
Market value$34.16M
3.04%
Sole
0.00
Shared
0.00
None
427.20K
TELUS CORPORATION
SOLEShares2.13M
TypeSH
Market value$33.48M
2.98%
Sole
0.00
Shared
0.00
None
2.13M
BANK NOVA SCOTIA HALIFAX
SOLEShares517.30K
TypeSH
Market value$33.45M
2.98%
Sole
0.00
Shared
0.00
None
517.30K
WASTE CONNECTIONS INC
SOLEShares188.10K
TypeSH
Market value$33.07M
2.94%
Sole
0.00
Shared
0.00
None
188.10K
PEMBINA PIPELINE CORP
SOLEShares771.50K
TypeSH
Market value$31.20M
2.78%
Sole
0.00
Shared
0.00
None
771.50K
META PLATFORMS INC
SOLEShares41K
TypeSH
Market value$30.11M
2.68%
Sole
0.00
Shared
0.00
None
41K
UNION PAC CORP
SOLEShares112K
TypeSH
Market value$26.47M
2.36%
Sole
0.00
Shared
0.00
None
112K
AMAZON COM INC
SOLEShares115.80K
TypeSH
Market value$25.43M
2.26%
Sole
0.00
Shared
0.00
None
115.80K
SERVICENOW INC
SOLEShares27.60K
TypeSH
Market value$25.40M
2.26%
Sole
0.00
Shared
0.00
None
27.60K
INTUITIVE SURGICAL INC
SOLEShares55.80K
TypeSH
Market value$24.96M
2.22%
Sole
0.00
Shared
0.00
None
55.80K
VISA INC
SOLEShares71K
TypeSH
Market value$24.24M
2.16%
Sole
0.00
Shared
0.00
None
71K
NVIDIA CORPORATION
SOLEShares123K
TypeSH
Market value$22.95M
2.04%
Sole
0.00
Shared
0.00
None
123K
AT&T INC
SOLEShares789.40K
TypeSH
Market value$22.29M
1.98%
Sole
0.00
Shared
0.00
None
789.40K
SUN LIFE FINANCIAL INC.
SOLEShares356.80K
TypeSH
Market value$21.43M
1.91%
Sole
0.00
Shared
0.00
None
356.80K
DEERE & CO
SOLEShares45.50K
TypeSH
Market value$20.81M
1.85%
Sole
0.00
Shared
0.00
None
45.50K
HYATT HOTELS CORP
SOLEShares138.50K
TypeSH
Market value$19.66M
1.75%
Sole
0.00
Shared
0.00
None
138.50K
WALMART INC
SOLEShares190.20K
TypeSH
Market value$19.60M
1.74%
Sole
0.00
Shared
0.00
None
190.20K
LINDE PLC
SOLEShares39.80K
TypeSH
Market value$18.91M
1.68%
Sole
0.00
Shared
0.00
None
39.80K
CANADIAN NATL RY CO
SOLEShares198.80K
TypeSH
Market value$18.75M
1.67%
Sole
0.00
Shared
0.00
None
198.80K
TAIWAN SEMICONDUCTOR MFG LTD
DFNDShares67K
TypeSH
Market value$18.71M
1.67%
Sole
0.00
Shared
0.00
None
67K
CANADIAN NAT RES LTD
SOLEShares575.90K
TypeSH
Market value$18.42M
1.64%
Sole
0.00
Shared
0.00
None
575.90K
PROLOGIS INC.
SOLEShares142K
TypeSH
Market value$16.26M
1.45%
Sole
0.00
Shared
0.00
None
142K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
TC ENERGY CORPSOLE | COM | 2.30M | SH | $125.23M 11.15% | 0.00 | 0.00 | 2.30M |
CANADIAN IMPERIAL BANK OF COSOLE | COM | 950K | SH | $75.92M 6.76% | 0.00 | 0.00 | 950K |
MICROSOFT CORPSOLE | COM | 66.56K | SH | $34.47M 3.07% | 0.00 | 0.00 | 66.56K |
TORONTO DOMINION BK ONTSOLE | COM NEW | 427.20K | SH | $34.16M 3.04% | 0.00 | 0.00 | 427.20K |
TELUS CORPORATIONSOLE | COM | 2.13M | SH | $33.48M 2.98% | 0.00 | 0.00 | 2.13M |
BANK NOVA SCOTIA HALIFAXSOLE | COM | 517.30K | SH | $33.45M 2.98% | 0.00 | 0.00 | 517.30K |
WASTE CONNECTIONS INCSOLE | COM | 188.10K | SH | $33.07M 2.94% | 0.00 | 0.00 | 188.10K |
PEMBINA PIPELINE CORPSOLE | COM | 771.50K | SH | $31.20M 2.78% | 0.00 | 0.00 | 771.50K |
META PLATFORMS INCSOLE | CL A | 41K | SH | $30.11M 2.68% | 0.00 | 0.00 | 41K |
UNION PAC CORPSOLE | COM | 112K | SH | $26.47M 2.36% | 0.00 | 0.00 | 112K |
AMAZON COM INCSOLE | COM | 115.80K | SH | $25.43M 2.26% | 0.00 | 0.00 | 115.80K |
SERVICENOW INCSOLE | COM | 27.60K | SH | $25.40M 2.26% | 0.00 | 0.00 | 27.60K |
INTUITIVE SURGICAL INCSOLE | COM NEW | 55.80K | SH | $24.96M 2.22% | 0.00 | 0.00 | 55.80K |
VISA INCSOLE | COM CL A | 71K | SH | $24.24M 2.16% | 0.00 | 0.00 | 71K |
NVIDIA CORPORATIONSOLE | COM | 123K | SH | $22.95M 2.04% | 0.00 | 0.00 | 123K |
AT&T INCSOLE | COM | 789.40K | SH | $22.29M 1.98% | 0.00 | 0.00 | 789.40K |
SUN LIFE FINANCIAL INC.SOLE | COM | 356.80K | SH | $21.43M 1.91% | 0.00 | 0.00 | 356.80K |
DEERE & COSOLE | COM | 45.50K | SH | $20.81M 1.85% | 0.00 | 0.00 | 45.50K |
HYATT HOTELS CORPSOLE | COM CL A | 138.50K | SH | $19.66M 1.75% | 0.00 | 0.00 | 138.50K |
WALMART INCSOLE | COM | 190.20K | SH | $19.60M 1.74% | 0.00 | 0.00 | 190.20K |
LINDE PLCSOLE | SHS | 39.80K | SH | $18.91M 1.68% | 0.00 | 0.00 | 39.80K |
CANADIAN NATL RY COSOLE | COM | 198.80K | SH | $18.75M 1.67% | 0.00 | 0.00 | 198.80K |
TAIWAN SEMICONDUCTOR MFG LTDDFND | SPONSORED ADS | 67K | SH | $18.71M 1.67% | 0.00 | 0.00 | 67K |
CANADIAN NAT RES LTDSOLE | COM | 575.90K | SH | $18.42M 1.64% | 0.00 | 0.00 | 575.90K |
PROLOGIS INC.SOLE | COM | 142K | SH | $16.26M 1.45% | 0.00 | 0.00 | 142K |
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