Latest NICOLA WEALTH MANAGEMENT LTD. Stock Portfolio

NICOLA WEALTH MANAGEMENT LTD. Performance:

2025 Q4: -10.71%YTD: -11.97%2024: 7.21%

Performance for 2025 Q4 is -10.71%, and YTD is -11.97%, and 2024 is 7.21%.

About NICOLA WEALTH MANAGEMENT LTD. and 13F Hedge Fund Stock Holdings

NICOLA WEALTH MANAGEMENT LTD. is a hedge fund based in Canada. On 2026-02-09, the fund reported it's updated stock portfolio. In the 13F Holdings report, NICOLA WEALTH MANAGEMENT LTD. reported an equity portfolio of $1.1 Billions as of 31 Dec, 2025.

The top stock holdings of NICOLA WEALTH MANAGEMENT LTD. are , , . The fund has invested 10% of it's portfolio in TC ENERGY CORP and 9.1% of portfolio in BANK NOVA SCOTIA HALIFAX.

The fund managers got completely rid off CANADIAN IMPERIAL BANK OF CO, ALLIANCEBERNSTEIN HLDG L P (AB) and HELMERICH & PAYNE INC (HP) stocks. They significantly reduced their stock positions in WATSCO INC (WSO), ALPHABET INC (GOOG) and TELUS CORPORATION. NICOLA WEALTH MANAGEMENT LTD. opened new stock positions in TETRA TECH INC NEW (TTEK), GARTNER INC (IT) and TOTALENERGIES SE. The fund showed a lot of confidence in some stocks as they added substantially to NETFLIX INC (NFLX), SERVICENOW INC (NOW) and BANK NOVA SCOTIA HALIFAX.

NICOLA WEALTH MANAGEMENT LTD. Annual Return Estimates Vs S&P 500

Our best estimate is that NICOLA WEALTH MANAGEMENT LTD. made a return of -10.71% in the last quarter. In trailing 12 months, it's portfolio return was -11.97%.

Performance
S&P 500

New Buys

Ticker	$ Bought
tetra tech inc new	12,242,100
gartner inc	8,955,940
totalenergies se	8,004,960
firstservice corp new	7,837,460

New stocks bought by NICOLA WEALTH MANAGEMENT LTD.

Additions

Ticker	% Inc.
netflix inc	1,291
servicenow inc	400
bank nova scotia halifax	163
tfi intl inc	56.3
edgewell pers care co	54.72
silgan hldgs inc	29.27
hdfc bank ltd	29.17
pembina pipeline corp	28.04

Additions to existing portfolio by NICOLA WEALTH MANAGEMENT LTD.

Reductions

Ticker	% Reduced
watsco inc	-52.94
alphabet inc	-43.3
telus corporation	-42.45
prologis inc.	-37.32
canadian nat res ltd	-24.83
intuitive surgical inc	-23.12
meta platforms inc	-22.68
idexx labs inc	-21.28

NICOLA WEALTH MANAGEMENT LTD. reduced stake in above stock

Sold off

Ticker	$ Sold
canadian imperial bank of co	-75,919,700
alliancebernstein hldg l p	-4,356,780
granite real estate invt tr	-5,029,020
helmerich & payne inc	-572,092

NICOLA WEALTH MANAGEMENT LTD. got rid off the above stocks

Sector Distribution

NICOLA WEALTH MANAGEMENT LTD. has about 45.2% of it's holdings in Others sector.

Sector	%
Others	45.2
Technology	13.3
Industrials	12.5
Consumer Cyclical	7.1
Communication Services	6.2
Healthcare	4.1
Financial Services	4
Consumer Defensive	3.9
Real Estate	2
Basic Materials	1.5

Market Cap. Distribution

NICOLA WEALTH MANAGEMENT LTD. has about 46.9% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	45.2
LARGE-CAP	26.5
MEGA-CAP	20.4
MID-CAP	6.8
SMALL-CAP	1.1

Stocks belong to which Index?

About 41.6% of the stocks held by NICOLA WEALTH MANAGEMENT LTD. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	58.4
S&P 500	37.6
RUSSELL 2000	4

Top 5 Winners (%)		%
NBR	nabors industries ltd	32.9 %
COKE	coca cola cons inc	30.9 %
SANM	sanmina corporation	30.4 %
	precision drilling corp	27.4 %
ISRG	intuitive surgical inc	23.6 %

Top 5 Winners ($)		$
	bank nova scotia halifax	8.5 M
ISRG	intuitive surgical inc	5.9 M
	toronto dominion bk ont	5.7 M
GOOG	alphabet inc	2.7 M
H	hyatt hotels corp	2.4 M

Top 5 Losers (%)		%
NFLX	netflix inc	-86.3 %
NOW	servicenow inc	-75.0 %
PRGO	perrigo co plc	-37.5 %
REZI	resideo technologies inc	-18.7 %
AJG	gallagher arthur j & co	-16.4 %

Top 5 Losers ($)		$
NFLX	netflix inc	-98.9 M
NOW	servicenow inc	-63.5 M
	telus corporation	-4.3 M
T	at&t inc	-2.9 M
META	meta platforms inc	-2.7 M

NICOLA WEALTH MANAGEMENT LTD. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of NICOLA WEALTH MANAGEMENT LTD.

NICOLA WEALTH MANAGEMENT LTD. has 65 stocks in it's portfolio. About 40.6% of the portfolio is in top 10 stocks. NFLX proved to be the most loss making stock for the portfolio. was the most profitable stock for NICOLA WEALTH MANAGEMENT LTD. last quarter.

Last Reported on: 09 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAXJ	ishares tr	0.92	125,000	10,078,800	unchanged	0.00

AB	alliancebernstein hldg l p	0.00	0.00	0.00	sold off	-100

ADBE	adobe inc	1.41	44,200	15,469,600	unchanged	0.00

AJG	gallagher arthur j & co	1.01	42,900	11,102,100	unchanged	0.00

AMG	affiliated managers group in	0.76	29,000	8,360,120	unchanged	0.00

AMZN	amazon com inc	2.22	105,800	24,420,800	reduced	-8.64

AVGO	broadcom inc	0.99	31,500	10,902,200	unchanged	0.00

BCO	brinks co	0.51	47,600	5,556,350	added	14.42

BHE	benchmark electrs inc	0.48	124,600	5,327,900	unchanged	0.00

CCK	crown hldgs inc	1.24	132,000	13,592,000	unchanged	0.00

COKE	coca cola cons inc	0.57	40,600	6,223,980	unchanged	0.00

CP	canadian pacific kansas city	0.95	141,500	10,419,000	unchanged	0.00

CPRT	copart inc	0.91	255,000	9,983,250	unchanged	0.00

CRI	carters inc	0.53	179,100	5,808,210	unchanged	0.00

CUBE	cubesmart	1.01	309,000	11,139,400	unchanged	0.00

DE	deere & co	1.93	45,500	21,183,400	unchanged	0.00

EPC	edgewell pers care co	0.48	308,200	5,254,810	added	54.72

GOOG	alphabet inc	0.78	27,500	8,607,500	reduced	-43.3

H	hyatt hotels corp	1.80	123,500	19,799,500	reduced	-10.83

HDB	hdfc bank ltd	1.34	403,000	14,725,600	added	29.17