Q2 2026 13F · SEC CIK 1734493

Nicola Wealth Management Ltd.

Wealth managerFiled 2026-08-06 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $868.4M
Reported positions: 61
Top holdings a year, 3 yrs: +16.8%
Assets under management: $11.0B

Nicola Wealth Management Ltd. is a wealth manager that reported 61 positions worth $868.4M in its Q2 2026 13F, filed 2026-08-06. Its largest holdings were Waste Connections Inc (WCN, 4.7%), Pembina Pipeline Corp (PBA, 3.5%), Nvidia Corporation (NVDA, 3.1%). A portfolio copying its top holdings returned 16.8% a year over the last 3 years, against 20.4% for the S&P 500.

Nicola Wealth Management Ltd. holdings largest 50 of 61 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Nicola Wealth Management Ltd. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
WCNWaste Connections Inc	4.7%	4.1%	243,000	+16.5%	$40.5M
PBAPembina Pipeline Corp	3.5%	3.6%	664,500	+0.0%	$30.7M
NVDANvidia Corporation	3.1%	2.6%	134,500	+9.3%	$26.9M
MSFTMicrosoft Corp	2.9%	2.4%	67,060	+26.4%	$25.0M
TSMTaiwan Semiconductor Manufac	2.9%	1.9%	52,000	+10.6%	$24.8M
VVisa Inc	2.8%	2.6%	71,000	+0.0%	$24.4M
BIPBrookfield Infrastructure Pa	2.8%	—	664,700	—	$24.3M
BAMBrookfield Asset Managmt Ltd	2.7%	2.3%	515,658	+18.9%	$23.1M
TDToronto Dominion Bk Ont	2.6%	2.1%	183,802	+0.0%	$22.3M
UNPUnion Pac Corp	2.5%	2.5%	78,500	-9.8%	$21.4M
METAMeta Platforms Inc	2.4%	2.3%	37,700	+13.6%	$21.2M
GOOGLAlphabet Inc	2.4%	1.6%	58,000	+28.9%	$20.7M
LINLinde PLC	2.4%	2.4%	39,800	+0.0%	$20.7M
CNICanadian Natl Ry Co	2.3%	2.1%	168,600	+0.0%	$20.1M
AMZNAmazon Com Inc	2.3%	2.1%	83,800	+0.0%	$20.0M
TTETotalenergies SE	2.3%	2.9%	257,000	+0.0%	$20.0M
AVGOBroadcom Inc	2.3%	1.4%	51,900	+38.4%	$19.6M
STNStantec Inc	2.2%	2.1%	273,800	+35.0%	$18.9M
SNPSSynopsys Inc	2.1%	1.9%	40,700	+0.0%	$18.2M
HDBHdfc Bank Ltd	2.0%	1.6%	685,000	+27.3%	$17.7M
AAPLApple Inc	2.0%	1.9%	61,000	+0.0%	$17.7M
HHyatt Hotels Corp	2.0%	1.8%	90,800	-13.9%	$17.6M
HDHome Depot Inc	2.0%	—	49,000	—	$17.3M
ISRGIntuitive Surgical Inc	2.0%	2.4%	42,900	+0.0%	$17.1M
SLFSun Life Financial Inc.	1.9%	3.0%	204,800	-48.1%	$16.1M
NFLXNetflix Inc.	1.8%	2.6%	222,700	+0.0%	$15.9M
BCEBce Inc	1.8%	2.2%	729,000	+0.0%	$15.7M
AJGGallagher Arthur J & Co	1.7%	1.1%	65,400	+52.4%	$15.0M
CCKCrown Hldgs Inc	1.7%	1.6%	132,000	+0.0%	$14.8M
FSVFirst Service Corp	1.6%	1.4%	98,990	+15.0%	$14.1M
INFYInfosys Ltd	1.6%	1.9%	1,316,000	+15.3%	$13.8M
NOWServicenow Inc	1.4%	1.9%	121,500	-19.8%	$12.1M
TTEKTetra Tech Inc New	1.4%	1.5%	411,000	+0.0%	$11.9M
DEDeere & Co	1.4%	1.8%	18,700	-28.4%	$11.9M
SYKStryker Corporation	1.3%	—	36,800	—	$11.6M
MSAMsa Safety Inc	1.3%	1.3%	65,375	+0.0%	$11.4M
MCOMoodys Corp	1.3%	1.3%	25,100	+0.0%	$11.4M
TAt&t Inc	1.3%	2.6%	530,400	-30.1%	$11.0M
BHEBenchmark Electrs Inc	1.2%	—	101,600	—	$10.0M
AMGAffiliated Managers Group	1.1%	1.0%	29,000	+0.0%	$9.8M
MSIMotorola Solutions Inc	1.1%	1.2%	23,000	+0.0%	$9.6M
SANMSanmina Corp	1.1%	0.8%	36,100	-27.9%	$9.1M
ADBEAdobe Inc	1.0%	1.3%	44,200	+0.0%	$9.1M
PLXSPlexus Corp	1.0%	—	29,000	—	$8.7M
EPCEdgewell Personal Care Co	1.0%	0.8%	308,200	+0.0%	$8.3M
KOCoca Cola Co	0.9%	1.6%	98,500	-42.1%	$8.0M
GIBCgi Inc	0.9%	1.1%	122,000	+0.0%	$7.9M
IDXXIdexx Labs Inc	0.9%	1.0%	14,800	+0.0%	$7.8M
OBDCBlue Owl Capital Corp.	0.9%	—	715,000	—	$7.8M
TFIITfi International Inc	0.8%	1.5%	46,700	-58.2%	$6.7M

What Nicola Wealth Management Ltd. bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +17.6% /yr; S&P 500 +20.1%
3 years: +16.8% /yr; S&P 500 +20.4%
5 years: +8.5% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$868.4M	61
Q1 2026	$833.0M	62
Q4 2025	$1.1B	65
Q3 2025	$1.1B	65
Q2 2025	$1.1B	104
Q1 2025	$1.0B	111
Q4 2024	$1.1B	104
Q3 2024	$1.3B	104
Q2 2024	$1.1B	108
Q1 2024	$1.0B	113
Q4 2023	$953.0M	114
Q3 2023	$927.1M	110

Questions about Nicola Wealth Management Ltd.'s portfolio

What stocks does Nicola Wealth Management Ltd. own?

Nicola Wealth Management Ltd.'s latest 13F, for Q2 2026 and filed Aug 6, 2026, lists 61 positions worth $868.4M. The largest are Waste Connections Inc (WCN) at 4.7%, Pembina Pipeline Corp (PBA) at 3.5%, Nvidia Corporation (NVDA) at 3.1%, Microsoft Corp (MSFT) at 2.9% and Taiwan Semiconductor Manufac (TSM) at 2.9%.

What did Nicola Wealth Management Ltd. buy last quarter?

In Q2 2026, Nicola Wealth Management Ltd. added Gallagher Arthur J & Co (AJG) (+52.4% shares), Broadcom Inc (AVGO) (+38.4% shares) and Stantec Inc (STN) (+35.0% shares), compared with its Q1 2026 filing.

What did Nicola Wealth Management Ltd. sell last quarter?

In Q2 2026, Nicola Wealth Management Ltd. cut from its top 50 Canadian Nat Res Ltd Med Ter (CNQ), cut from its top 50 Telus Corporation (TU), cut from its top 50 Walmart Inc (WMT), cut from its top 50 Prologis Inc (PLD), cut from its top 50 Cubesmart (CUBE), Tfi International Inc (TFII) (-58.2% shares), Sun Life Financial Inc. (SLF) (-48.1% shares) and Coca Cola Co (KO) (-42.1% shares), compared with its Q1 2026 filing.

How has Nicola Wealth Management Ltd.'s portfolio performed?

A portfolio copying Nicola Wealth Management Ltd.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +16.8% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +17.6% against +20.1%. Over 5 years: +8.5% a year against +11.6%.

When is Nicola Wealth Management Ltd.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Nicola Wealth Management Ltd.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Nicola Wealth Management Ltd. manage?

Nicola Wealth Management Ltd. reported $11.0B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $868.4M.