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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
+14.57%
1 Year Est. Return
+14.24%
3 Year Est. Return
+56.14%
5 Year Est. Return
+64.68%
10 Year Est. Return
–
AUM
$1.07B
AUM Growth
+$41.4M
Cap. Flow
-$80.5M
Cap. Flow %
-7.54%
Top 10 Hldgs %
38.79%
Holding
120
New
9
Increased
31
Reduced
33
Closed
16

Top Buys

Rank Stock Value
1
WCN
Waste Connections
WCN
+$22.6M
2
CNQ icon
Canadian Natural Resources
CNQ
+$17.4M
3
TU icon
Telus
TU
+$14.9M
4
TJX icon
TJX Companies
TJX
+$12.2M
5
BNS icon
Scotiabank
BNS
+$12M

Top Sells

Rank Stock Value
1
UNH icon
UnitedHealth
UNH
+$24.3M
2
SHOP icon
Shopify
SHOP
+$20.6M
3
CASY icon
Casey's General Stores
CASY
+$20M
4
SU icon
Suncor Energy
SU
+$15.7M
5
EFX icon
Equifax
EFX
+$14.6M

Sector Composition

Rank Sector Weight
1 Financials 24.88%
2 Technology 17.62%
3 Communication Services 13.62%
4 Industrials 11.46%
5 Consumer Discretionary 8.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JBL icon
51
Jabil
JBL
$31.1B
$4.91M 0.46%
22,500
-11,000
-33% -$1.78M
BHE icon
52
Benchmark Electronics
BHE
$2.65B
$4.84M 0.45%
124,600
+32,000
+35% +$1.17M
AB icon
53
AllianceBernstein
AB
$3.3B
$4.65M 0.44%
114,000
-41,000
-26% -$1.61M
GRP.U
54
DELISTED
Granite Real Estate Investment Trust
GRP.U
$4.6M 0.43%
90,500
– –
COKE icon
55
Coca-Cola Consolidated
COKE
$13.2B
$4.53M 0.43%
40,600
-10,000
-20% -$1.21M
AMG icon
56
Affiliated Managers Group
AMG
$8.87B
$4.33M 0.41%
22,000
– –
BCO icon
57
Brink's
BCO
$4.47B
$3.71M 0.35%
41,600
– –
IONS icon
58
Ionis Pharmaceuticals
IONS
$7.45B
$3.44M 0.32%
87,000
– –
WELL icon
59
Welltower
WELL
$169B
$3.17M 0.3%
20,642
+1,140
+6% +$170K
DLR icon
60
Digital Realty Trust
DLR
$67.2B
$3.09M 0.29%
17,732
+7,280
+70% +$1.19M
XYL icon
61
Xylem
XYL
$25B
$2.85M 0.27%
22,000
+5,500
+33% +$666K
BEP icon
62
Brookfield Renewable
BEP
$8.73B
$2.8M 0.26%
110,000
-10,000
-8% -$235K
EQIX icon
63
Equinix
EQIX
$100B
$2.77M 0.26%
3,486
-445
-11% -$378K
CEG icon
64
Constellation Energy
CEG
$92B
$2.74M 0.26%
8,500
-3,000
-26% -$794K
ORA icon
65
Ormat Technologies
ORA
$5.65B
$2.72M 0.26%
32,500
+2,500
+8% +$187K
AWK icon
66
American Water Works
AWK
$27.4B
$2.71M 0.25%
19,500
+5,000
+34% +$716K
NEE icon
67
NextEra Energy
NEE
$168B
$2.67M 0.25%
38,500
+5,500
+17% +$382K
PWR icon
68
Quanta Services
PWR
$93.1B
$2.65M 0.25%
7,000
-2,500
-26% -$803K
EPC icon
69
Edgewell Personal Care
EPC
$1.23B
$2.58M 0.24%
110,200
– –
ITRI icon
70
Itron
ITRI
$4.03B
$2.44M 0.23%
18,500
-5,500
-23% -$622K
DNB
71
DELISTED
Dun & Bradstreet
DNB
$2.43M 0.23%
267,000
– –
HASI icon
72
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.68B
$2.42M 0.23%
90,000
+5,000
+6% +$130K
VMRK
73
Vivmark Residential
VMRK
$48.7B
$2.36M 0.22%
34,943
+1,415
+4% +$97.2K
FSLR icon
74
First Solar
FSLR
$20.5B
$2.32M 0.22%
14,000
– –
CCJ icon
75
Cameco
CCJ
$39.6B
$2.3M 0.22%
31,000
-10,000
-24% -$534K
1 2
3
4 5

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HAIM
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TCM
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GC
Gilbert & Cook West Des Moines, Iowa $869M AUM 21.29% 1-Year Est. Return
CFS
CRA Financial Services Northfield, New Jersey $868M AUM 25.66% 1-Year Est. Return
OP
Oslo Pensjonsforsikring Oslo $869M AUM
PPWP
Premier Path Wealth Partners Madison, New Jersey $870M AUM 30% 1-Year Est. Return
FI
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FTF
Freedom Together Foundation New York $867M AUM 20.05% 1-Year Est. Return

Nicola Wealth Management's Q2 2025 Portfolio in Review

As of Q2 2025, Nicola Wealth Management held 120 positions worth $1.07B, up 4% from $1.03B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Nicola Wealth Management withdrew a net $80.5M in Q2 2025, closing 16 positions and reducing 33 holdings. Its most notable exit was UnitedHealth, an estimated $24.3M position sold in full.

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

Against the trend, Nicola Wealth Management opened a new position in Waste Connections worth $21.9M.

  • Nicola Wealth Management's largest Q2 2025 buy was Waste Connections: 117,400 shares worth $21.9M.
  • Nicola Wealth Management added most to Telus in Q2 2025, an estimated $14.9M increase.
  • Nicola Wealth Management's biggest Q2 2025 reduction was Casey's General Stores, cutting an estimated $20M.
  • Nicola Wealth Management fully exited UnitedHealth in Q2 2025, selling an estimated $24.3M.
  • Nicola Wealth Management's ten largest holdings make up 39% of its $1.07B portfolio in Q2 2025.
  • Nicola Wealth Management opened 9 new positions and closed 16 in Q2 2025.
  • Nicola Wealth Management's portfolio value rose 4% quarter-over-quarter to $1.07B.

Based on Nicola Wealth Management's 13F filing for Q2 2025, filed 11 Aug 2025.