Nicola Wealth Management’s TFI International TFII Stock Holding History

Nicola Wealth Management’s Portfolio TFII Stock Details TFII Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$12.1M	Sell	111,600 -15,000	-12%	-$1.68M	1.46%	35
2025 Q4	$13.1M	Buy	126,600 +45,600	+56%	+$4.24M	1.19%	32
2025 Q3	$7.13M	Buy	+81,000	New	+$7.41M	0.63%	47
2022 Q3	–	Sell	-73,900	Closed	-$5.93M	–	147
2022 Q2	$5.93M	Sell	73,900 -1,600	-2%	-$130K	0.57%	51
2022 Q1	$8.04M	Sell	75,500 -11,300	-13%	-$1.15M	0.71%	48
2021 Q4	$9.74M	Sell	86,800 -6,000	-6%	-$653K	0.92%	46
2021 Q3	$9.44M	Sell	92,800 -15,500	-14%	-$1.66M	0.97%	42
2021 Q2	$9.9M	Buy	108,300 +52,300	+93%	+$4.55M	1.01%	43
2021 Q1	$4.2M	Buy	+56,000	New	+$3.8M	0.47%	81

Other funds holding TFII

Caisse de Depot et Placement du Quebec (CDPQ) Montreal, Quebec, Canada $62.4B AUM 23.7% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

1832 Asset Management Toronto, Ontario, Canada $109B AUM 35.56% 1-Year Est. Return

Janus Henderson Group London, United Kingdom $209B AUM 37.72% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

FDCDDQ

Federation des caisses Desjardins du Quebec Levis, Quebec, Canada $27.8B AUM 31.66% 1-Year Est. Return

Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada $116B AUM 26.37% 1-Year Est. Return

National Bank of Canada Montreal, Quebec, Canada $112B AUM 31.26% 1-Year Est. Return

Nicola Wealth Management's TFII Position: Q1 2026 in Review

Nicola Wealth Management reduced its TFI International (TFII) stake by 12% in Q1 2026, selling an estimated $1.68M and leaving 111,600 shares worth $12.1M. The position accounts for 1.46% of the portfolio, ranked #35.

Nicola Wealth Management first reported a position in TFII in Q1 2021 and has held it in 9 quarters since. The position peaked at $13.1M in Q4 2025. 250 funds tracked by Wall St. Rank hold TFII as of Q1 2026.

Nicola Wealth Management held 111,600 shares of TFI International worth $12.1M as of Q1 2026.
Nicola Wealth Management sold 15,000 TFI International shares in Q1 2026, an estimated $1.68M.
TFI International made up 1.46% of Nicola Wealth Management's portfolio in Q1 2026, its #35 holding.
Nicola Wealth Management first reported a position in TFI International in Q1 2021 and has held it in 9 quarters since.
Nicola Wealth Management's TFI International position peaked at $13.1M in Q4 2025.
250 funds tracked by Wall St. Rank held TFI International as of Q1 2026.

Based on Nicola Wealth Management's 13F filing for Q1 2026, filed 7 May 2026.