2026 Q1 Portfolio Activity
In 2026 Q1, NICOLA WEALTH MANAGEMENT LTD. maintained a portfolio of 68 distinct positions. The most significant new addition was APPLE INC, now representing 1.86% of the total fund value. They heavily accumulated shares in TOTALENERGIES SE, increasing the position by 78.5%. Conversely, NICOLA WEALTH MANAGEMENT LTD. completely exited their position in TC ENERGY CORP.
Position History
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Total Positions
68
Quarter
2026 Q1
Top Holding
WCN (4.1%)
Top 10 Concentration
28.8%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 68
NICOLA WEALTH MANAGEMENT LTD. Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
WCN
WASTE CONNECTIO...
|
Industrials | 4.07% | 2.96% |
#1
4
Prev: #5
|
5.6 |
—
|
23,200 | 12.5% |
P
S
|
208,600 | $33,885,035 | 2022 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
PBA
PEMBINA PIPELIN...
|
Energy | 3.57% | 3.42% |
#2
1
Prev: #3
|
2.9 |
—
|
-323,300 | -32.7% |
P
S
|
664,500 | $29,738,691 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
SLF
SUN LIFE FINANC...
|
Financial Services | 2.97% | 2.08% |
#3
9
Prev: #12
|
4.2 |
—
|
27,500 | 7.5% |
P
S
|
394,400 | $24,703,148 | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
TTFNF
TOTALENERGIES S...
|
Unknown | 2.89% | 0.73% |
#4
46
Prev: #50
|
4.7 |
—
|
113,000 | 78.5% |
P
S
|
257,000 | $24,033,553 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
T
AT&T INC
|
Communication Services | 2.64% | 2.07% |
#5
8
Prev: #13
|
2.1 |
—
|
-158,000 | -17.2% |
P
S
|
758,400 | $21,986,016 | 2021 Q2 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
V
VISA INC
|
Financial Services | 2.58% | 2.27% |
#6
2
Prev: #8
|
2.0 |
—
|
no change | no change |
P
S
|
71,000 | $21,459,040 | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
NVDA
NVIDIA CORPORAT...
|
Technology | 2.58% | 2.09% |
#7
4
Prev: #11
|
2.0 |
—
|
no change | no change |
P
S
|
123,000 | $21,451,200 | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
NFLX
NETFLIX INC.
|
Communication Services | 2.57% | 1.42% |
#8
17
Prev: #25
|
3.5 |
—
|
55,700 | 33.4% |
P
S
|
222,700 | $21,412,605 | 2022 Q2 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
UNP
UNION PAC CORP
|
Industrials | 2.53% | 2.36% |
#9
2
Prev: #7
|
1.0 |
—
|
-25,000 | -22.3% |
P
S
|
87,000 | $21,107,940 | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
ISRG
INTUITIVE SURGI...
|
Healthcare | 2.37% | 2.21% |
#10
Prev: #10
|
1.9 |
—
|
no change | no change |
P
S
|
42,900 | $19,776,471 | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
LIN
LINDE PLC
|
Basic Materials | 2.37% | 1.54% |
#11
11
Prev: #22
|
1.9 |
—
|
no change | no change |
P
S
|
39,800 | $19,731,248 | 2022 Q2 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
MSFT
MICROSOFT CORP
|
Technology | 2.36% | 2.93% |
#12
6
Prev: #6
|
0.9 |
—
|
-13,500 | -20.3% |
P
S
|
53,060 | $19,641,220 | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
BAM
BROOKFIELD ASSE...
|
Financial Services | 2.31% | 1.20% |
#13
18
Prev: #31
|
3.9 |
—
|
182,000 | 72.3% |
P
S
|
433,758 | $19,281,251 | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
META
META PLATFORMS ...
|
Communication Services | 2.28% | 1.90% |
#14
2
Prev: #16
|
1.4 |
—
|
1,500 | 4.7% |
P
S
|
33,200 | $18,994,716 | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
BCE
BCE INC
|
Communication Services | 2.21% | 1.58% |
#15
6
Prev: #21
|
1.9 |
—
|
no change | no change |
P
S
|
729,000 | $18,390,039 | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
STN
STANTEC INC
|
Industrials | 2.10% | 0.55% |
#16
39
Prev: #55
|
3.8 |
—
|
138,200 | 213.9% |
P
S
|
202,800 | $17,528,193 | 2018 Q2 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
AMZN
AMAZON COM INC
|
Consumer Cyclical | 2.10% | 2.22% |
#17
8
Prev: #9
|
0.8 |
—
|
-22,000 | -20.8% |
P
S
|
83,800 | $17,453,026 | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
CNI
CANADIAN NATL R...
|
Industrials | 2.08% | 1.79% |
#18
1
Prev: #19
|
1.3 |
—
|
-30,200 | -15.2% |
P
S
|
168,600 | $17,349,539 | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
TD
TORONTO DOMINIO...
|
Financial Services | 2.06% | 3.12% |
#19
15
Prev: #4
|
0.8 |
—
|
-179,500 | -49.4% |
P
S
|
183,802 | $17,162,251 | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
CNQ
CANADIAN NAT RE...
|
Energy | 1.97% | 1.33% |
#20
8
Prev: #28
|
0.8 |
—
|
-96,800 | -22.4% |
P
S
|
336,100 | $16,391,940 | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
SNPS
SYNOPSYS INC
|
Technology | 1.94% | 1.25% |
#21
8
Prev: #29
|
3.3 |
—
|
11,500 | 39.4% |
P
S
|
40,700 | $16,136,736 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
TSM
TAIWAN SEMICOND...
|
Technology | 1.91% | 1.85% |
#22
5
Prev: #17
|
0.8 |
—
|
-20,000 | -29.9% |
P
S
|
47,000 | $15,883,650 | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
NOW
SERVICENOW INC
|
Technology | 1.90% | 1.92% |
#23
8
Prev: #15
|
2.8 |
—
|
13,500 | 9.8% |
P
S
|
151,500 | $15,839,325 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
TU
TELUS CORPORATI...
|
Communication Services | 1.89% | 1.47% |
#24
Prev: #24
|
1.8 |
—
|
no change | no change |
P
S
|
1,223,219 | $15,718,813 | 2019 Q4 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
AAPL
APPLE INC
|
Technology | 1.86% | — |
#25
Prev: #—
|
4.2 |
—
|
61,000 | — |
NEW
|
61,000 | $15,481,190 | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
INFY
INFOSYS LTD
|
Technology | 1.85% | 1.54% |
#26
3
Prev: #23
|
3.2 |
—
|
193,000 | 20.4% |
P
S
|
1,141,000 | $15,414,910 | 2023 Q3 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
H
HYATT HOTELS CO...
|
Consumer Cyclical | 1.82% | 1.80% |
#27
9
Prev: #18
|
1.2 |
—
|
-18,000 | -14.6% |
P
S
|
105,500 | $15,169,845 | 2022 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
DE
DEERE & CO
|
Industrials | 1.76% | 1.93% |
#28
14
Prev: #14
|
0.7 |
—
|
-19,400 | -42.6% |
P
S
|
26,100 | $14,702,130 | 2019 Q2 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
HDB
HDFC BANK LTD
|
Financial Services | 1.61% | 1.34% |
#29
2
Prev: #27
|
3.1 |
—
|
135,000 | 33.5% |
P
S
|
538,000 | $13,385,440 | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
CCK
CROWN HLDGS INC
|
Consumer Cyclical | 1.59% | 1.24% |
#30
Prev: #30
|
1.6 |
—
|
no change | no change |
P
S
|
132,000 | $13,233,000 | 2021 Q2 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
WMT
WALMART INC
|
Consumer Defensive | 1.57% | 1.79% |
#31
11
Prev: #20
|
0.6 |
—
|
-71,000 | -40.3% |
P
S
|
105,200 | $13,074,256 | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 1.55% | 0.78% |
#32
14
Prev: #46
|
3.6 |
—
|
17,500 | 63.6% |
P
S
|
45,000 | $12,940,200 | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
KO
COCA COLA CO
|
Consumer Defensive | 1.55% | 1.08% |
#33
1
Prev: #34
|
1.6 |
—
|
no change | no change |
P
S
|
170,000 | $12,928,500 | 2018 Q2 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
TTEK
TETRA TECH INC ...
|
Industrials | 1.49% | 1.11% |
#34
1
Prev: #33
|
2.6 |
—
|
46,000 | 12.6% |
P
S
|
411,000 | $12,379,320 | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
TFII
TRANSFORCE INC
|
Industrials | 1.46% | 1.19% |
#35
3
Prev: #32
|
1.1 |
—
|
-15,000 | -11.8% |
P
S
|
111,600 | $12,144,942 | 2021 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
FSV
FIRSTSERVICE CO...
|
Real Estate | 1.44% | 0.71% |
#36
15
Prev: #51
|
3.6 |
—
|
35,700 | 70.8% |
P
S
|
86,090 | $11,973,650 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
PLD
PROLOGIS INC.
|
Real Estate | 1.41% | 1.03% |
#37
1
Prev: #36
|
1.6 |
—
|
no change | no change |
P
S
|
89,000 | $11,764,020 | 2021 Q3 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
AVGO
BROADCOM INC
|
Technology | 1.39% | 0.99% |
#38
2
Prev: #40
|
2.6 |
—
|
6,000 | 19.0% |
P
S
|
37,500 | $11,606,625 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
CUBE
CUBESMART
|
Real Estate | 1.36% | 1.01% |
#39
1
Prev: #38
|
1.5 |
—
|
no change | no change |
P
S
|
309,000 | $11,324,850 | 2023 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
MCO
MOODYS CORP
|
Financial Services | 1.31% | — |
#40
Prev: #—
|
4.0 |
—
|
25,100 | — |
NEW
|
25,100 | $10,949,875 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
ADBE
ADOBE INC
|
Technology | 1.29% | 1.41% |
#41
15
Prev: #26
|
1.5 |
—
|
no change | no change |
P
S
|
44,200 | $10,744,136 | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
MSA
MSA SAFETY INC
|
Industrials | 1.29% | 1.05% |
#42
7
Prev: #35
|
1.0 |
—
|
-7,000 | -9.7% |
P
S
|
65,375 | $10,718,231 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
MSI
MOTOROLA SOLUTI...
|
Technology | 1.20% | — |
#43
Prev: #—
|
4.0 |
—
|
23,000 | — |
NEW
|
23,000 | $9,981,310 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
AJG
GALLAGHER ARTHU...
|
Financial Services | 1.12% | 1.01% |
#44
5
Prev: #39
|
1.4 |
—
|
no change | no change |
P
S
|
42,900 | $9,291,282 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
TJX
TJX COS INC NEW
|
Consumer Cyclical | 1.07% | 0.78% |
#45
2
Prev: #47
|
1.4 |
—
|
no change | no change |
P
S
|
56,000 | $8,943,200 | 2018 Q4 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
GIB
CGI INC
|
Technology | 1.07% | 1.03% |
#46
9
Prev: #37
|
1.4 |
—
|
no change | no change |
P
S
|
122,000 | $8,917,206 | 2023 Q3 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
IDXX
IDEXX LABS INC
|
Healthcare | 1.00% | 0.91% |
#47
4
Prev: #43
|
1.4 |
—
|
no change | no change |
P
S
|
14,800 | $8,315,972 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
AMG
AFFILIATED MANA...
|
Financial Services | 0.96% | 0.76% |
#48
Prev: #48
|
1.4 |
—
|
no change | no change |
P
S
|
29,000 | $8,024,300 | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
EPC
EDGEWELL PERSON...
|
Consumer Defensive | 0.79% | 0.48% |
#49
12
Prev: #61
|
1.3 |
—
|
no change | no change |
P
S
|
308,200 | $6,576,988 | 2022 Q2 | 13F Filing | 2026-03-31 | 2026-05-07 | |||
|
SANM
SANMINA CORP
|
Technology | 0.78% | 0.75% |
#50
1
Prev: #49
|
0.8 |
—
|
-5,000 | -9.1% |
P
S
|
50,100 | $6,494,964 | 2022 Q2 | 13F Filing | 2026-03-31 | 2026-05-07 |
Showing 1-50 of 68 holdings