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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
FL
76
DELISTED
Foot Locker
FL
$2.23M 0.21%
91,000
– –
WBA
77
DELISTED
Walgreens Boots Alliance
WBA
$2.18M 0.2%
190,000
– –
CRI icon
78
Carter's
CRI
$1.07B
$2.14M 0.2%
71,100
– –
INVH icon
79
Invitation Homes
INVH
$16.1B
$2.01M 0.19%
61,231
+6,113
+11% +$205K
CPT icon
80
Camden Property Trust
CPT
$11.7B
$1.74M 0.16%
15,471
+971
+7% +$112K
VICI icon
81
VICI Properties
VICI
$27B
$1.71M 0.16%
52,537
-648
-1% -$20.6K
PSA icon
82
Public Storage
PSA
$55.1B
$1.61M 0.15%
5,480
-3,410
-38% -$1.01M
VTR icon
83
Ventas
VTR
$45.2B
$1.5M 0.14%
23,770
+6,770
+40% +$442K
ADC icon
84
Agree Realty
ADC
$8.52B
$1.48M 0.14%
20,296
+1,250
+7% +$94K
HLT icon
85
Hilton Worldwide
HLT
$68.8B
$1.45M 0.14%
5,440
+1,760
+48% +$419K
CBRE icon
86
CBRE Group
CBRE
$40.1B
$1.41M 0.13%
10,055
+931
+10% +$118K
SPG icon
87
Simon Property Group
SPG
$65.7B
$1.37M 0.13%
+8,550
New +$1.35M
SNDA icon
88
Sonida Senior Living
SNDA
$1.89B
$1.37M 0.13%
54,977
-5,292
-9% -$126K
PDS
89
Precision Drilling
PDS
$1.11B
$1.33M 0.12%
28,000
– –
REG icon
90
Regency Centers
REG
$13.4B
$1.28M 0.12%
17,900
– –
VRT icon
91
Vertiv
VRT
$92.2B
$1.16M 0.11%
9,000
-7,000
-44% -$681K
ENPH icon
92
Enphase Energy
ENPH
$4.7B
$1.11M 0.1%
28,000
+5,000
+22% +$231K
TTEK icon
93
Tetra Tech
TTEK
$9.34B
$1.08M 0.1%
30,000
-32,000
-52% -$1.07M
AMT icon
94
American Tower
AMT
$82.2B
$1.08M 0.1%
4,881
-2,400
-33% -$518K
EGP icon
95
EastGroup Properties
EGP
$10.6B
$1.04M 0.1%
6,200
+2,200
+55% +$366K
NNN icon
96
NNN REIT
NNN
$7.99B
$929K 0.09%
21,506
+906
+4% +$37.6K
NXT icon
97
Nextpower Inc. Common Stock
NXT
$11.8B
$924K 0.09%
17,000
-8,000
-32% -$401K
BE icon
98
Bloom Energy
BE
$79.5B
$837K 0.08%
35,000
-38,000
-52% -$736K
BRX icon
99
Brixmor Property Group
BRX
$8.59B
$757K 0.07%
29,060
-2,430
-8% -$61.8K
SLG icon
100
SL Green Realty
SLG
$3.67B
$718K 0.07%
+11,596
New +$664K
1 2 3
4
5

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TCM
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CFS
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PPWP
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FI
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FTF
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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.