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NWM

Nicola Wealth Management Portfolio holdings

AUM $868M
1-Year Est. Return 14.24%
This Fund
S&P 500
This Quarter Est. Return
+4%
1 Year Est. Return
+14.24%
3 Year Est. Return
+56.14%
5 Year Est. Return
+64.68%
10 Year Est. Return
–
AUM
$1.12B
AUM Growth
+$56.7M
Cap. Flow
+$20.4M
Cap. Flow %
1.81%
Top 10 Hldgs %
40.73%
Holding
112
New
8
Increased
24
Reduced
12
Closed
47

Top Buys

Rank Stock Value
1
TRP icon
TC Energy
TRP
+$103M
2
CM icon
Canadian Imperial Bank of Commerce
CM
+$71.5M
3
PBA icon
Pembina Pipeline
PBA
+$17.6M
4
SNPS icon
Synopsys
SNPS
+$16.5M
5
ISRG icon
Intuitive Surgical
ISRG
+$14M

Top Sells

Rank Stock Value
1
BNS icon
Scotiabank
BNS
+$119M
2
AVGO icon
Broadcom
AVGO
+$26.8M
3
REET icon
iShares Global REIT ETF
REET
+$22.3M
4
TD icon
Toronto Dominion Bank
TD
+$14.3M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$13.7M

Sector Composition

Rank Sector Weight
1 Financials 21.07%
2 Technology 16.38%
3 Energy 15.84%
4 Industrials 14.95%
5 Communication Services 11.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ADBE icon
26
Adobe
ADBE
$103B
$15.6M 1.39%
44,200
– –
BCE icon
27
BCE
BCE
$21.2B
$14.8M 1.32%
632,400
– –
SNPS icon
28
Synopsys
SNPS
$77.7B
$14.4M 1.28%
+29,200
New +$16.5M
NFLX icon
29
Netflix
NFLX
$307B
$14.4M 1.28%
120,000
– –
INFY icon
30
Infosys
INFY
$50.1B
$13.4M 1.19%
822,000
+142,000
+21% +$2.44M
AJG icon
31
Arthur J. Gallagher & Co
AJG
$64.5B
$13.3M 1.18%
42,900
+17,900
+72% +$5.4M
CCK icon
32
Crown Holdings
CCK
$13.2B
$12.7M 1.14%
132,000
-43,000
-25% -$4.31M
CUBE icon
33
CubeSmart
CUBE
$9.42B
$12.6M 1.12%
309,000
-11,300
-4% -$460K
MSA icon
34
Mine Safety
MSA
$7.48B
$12.5M 1.11%
+72,375
New +$12.5M
BAM icon
35
Brookfield Asset Management
BAM
$84.9B
$12.3M 1.1%
216,558
+116,000
+115% +$6.9M
KO icon
36
Coca-Cola
KO
$374B
$12.3M 1.09%
185,000
+55,000
+42% +$3.79M
IDXX icon
37
Idexx Laboratories
IDXX
$46.5B
$12M 1.07%
18,800
-16,000
-46% -$9.71M
GOOGL icon
38
Alphabet (Google) Class A
GOOGL
$4.38T
$11.8M 1.05%
48,500
-65,400
-57% -$13.7M
CPRT icon
39
Copart
CPRT
$26.9B
$11.5M 1.02%
+255,000
New +$12M
GIB icon
40
CGI
GIB
$15.4B
$10.9M 0.97%
122,000
– –
HDB icon
41
HDFC Bank
HDB
$122B
$10.7M 0.95%
312,000
+82,000
+36% +$3.02M
CP icon
42
Canadian Pacific Kansas City
CP
$79.3B
$10.5M 0.94%
141,500
+45,100
+47% +$3.45M
AVGO icon
43
Broadcom
AVGO
$2T
$10.4M 0.93%
31,500
-87,300
-73% -$26.8M
HYG icon
44
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
$10.1M 0.9%
+125,000
New +$10.1M
TJX icon
45
TJX Companies
TJX
$179B
$9.97M 0.89%
69,000
-27,000
-28% -$3.59M
STN icon
46
Stantec
STN
$8.34B
$8.76M 0.78%
81,200
+22,100
+37% +$2.41M
TFII icon
47
TFI International
TFII
$11.3B
$7.13M 0.63%
+81,000
New +$7.41M
AMG icon
48
Affiliated Managers Group
AMG
$9.83B
$6.91M 0.62%
29,000
+7,000
+32% +$1.54M
WSO icon
49
Watsco Inc
WSO
$13.2B
$6.87M 0.61%
+17,000
New +$7.27M
REZI icon
50
Resideo Technologies
REZI
$3.95B
$6.8M 0.61%
157,600
-72,000
-31% -$2.25M
1
2
3 4 5

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MCM
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Nicola Wealth Management's Q3 2025 Portfolio in Review

As of Q3 2025, Nicola Wealth Management held 112 positions worth $1.12B, up 5.3% from $1.07B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Nicola Wealth Management's Q3 2025 filing shows 8 new, 24 increased, 12 reduced and 47 closed positions. Its largest new stake was Canadian Imperial Bank of Commerce: 950,000 shares worth $75.9M. The largest sale was Scotiabank, an estimated $119M.

By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 25% a quarter earlier, followed by Technology and Energy.

  • Nicola Wealth Management's largest Q3 2025 buy was Canadian Imperial Bank of Commerce: 950,000 shares worth $75.9M.
  • Nicola Wealth Management added most to TC Energy in Q3 2025, an estimated $103M increase.
  • Nicola Wealth Management's biggest Q3 2025 reduction was Scotiabank, cutting an estimated $119M.
  • Nicola Wealth Management fully exited iShares Global REIT ETF in Q3 2025, selling an estimated $22.3M.
  • Nicola Wealth Management's ten largest holdings make up 41% of its $1.12B portfolio in Q3 2025.
  • Nicola Wealth Management opened 8 new positions and closed 47 in Q3 2025.
  • Nicola Wealth Management's portfolio value rose 5.3% quarter-over-quarter to $1.12B.

Based on Nicola Wealth Management's 13F filing for Q3 2025, filed 31 Oct 2025.