1y return+11.0%S&P 500 +20.9%
3y return+40.5%S&P 500 +68.5%
5y return+35.8%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since March 31, 2018: $191 against $284 in the S&P 500.2
Nicola Wealth Management Ltd.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| WCNWaste Connections Inc | $40.5M | 4.7% | +16.5% |
| PBAPembina Pipeline Corp | $30.7M | 3.5% | |
| NVDANvidia Corporation | $26.9M | 3.1% | +9.3% |
| MSFTMicrosoft Corp | $25.0M | 2.9% | +26.4% |
| TSMTaiwan Semiconductor Manufac | $24.8M | 2.9% | +10.6% |
| VVisa Inc | $24.4M | 2.8% | |
| Brookfield Infrastructure PaCUSIP G16252101 | $24.3M | 2.8% | New |
| BAMBrookfield Asset Managmt Ltd | $23.1M | 2.7% | +18.9% |
| TDToronto Dominion Bk Ont | $22.3M | 2.6% | |
| UNPUnion Pac Corp | $21.4M | 2.5% | −9.8% |
| METAMeta Platforms Inc | $21.2M | 2.4% | +13.6% |
| GOOGLAlphabet Inc | $20.7M | 2.4% | +28.9% |
| Linde PLCCUSIP G54950103 | $20.7M | 2.4% | |
| CNICanadian Natl Ry Co | $20.1M | 2.3% | |
| AMZNAmazon Com Inc | $20.0M | 2.3% | |
| Totalenergies SeCUSIP F92124100 | $20.0M | 2.3% | |
| AVGOBroadcom Inc | $19.6M | 2.3% | +38.4% |
| STNStantec Inc | $18.9M | 2.2% | +35.0% |
| SNPSSynopsys Inc | $18.2M | 2.1% | |
| HDBHdfc Bank Ltd | $17.7M | 2.0% | +27.3% |
| AAPLApple Inc | $17.7M | 2.0% | |
| HHyatt Hotels Corp | $17.6M | 2.0% | −13.9% |
| HDHome Depot Inc | $17.3M | 2.0% | New |
| ISRGIntuitive Surgical Inc | $17.1M | 2.0% | |
| SLFSun Life Financial Inc. | $16.1M | 1.9% | −48.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| TSMTaiwan Semiconductor Manufac | June 30, 2020 | +741.2% | $24.8M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $20.7M |
| BHEBenchmark Electrs Inc | June 30, 2022 | +337.4% | $10.0M |
| NFLXNetflix Inc. | June 30, 2022 | +308.3% | $15.9M |
| DEDeere & Co | June 30, 2020 | +303.7% | $11.9M |
| TDToronto Dominion Bk Ont | June 30, 2020 | +172.2% | $22.3M |
| AVGOBroadcom Inc | September 30, 2024 | +119.0% | $19.6M |
| HHyatt Hotels Corp | March 31, 2022 | +103.1% | $17.6M |
| NVDANvidia Corporation | March 31, 2025 | +84.6% | $26.9M |
| MSFTMicrosoft Corp | June 30, 2020 | +83.3% | $25.0M |
Sold off last quarter
- CNQCanadian Nat Res Ltd Med Ter was $16.4M
- TUTelus Corporation was $15.7M
- WMTWalmart Inc was $13.1M
- PLDPrologis Inc. was $11.8M
- CUBECubesmart was $11.3M
- PDSPrecision Drilling Corp was $2.8M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +4.7% | +14.8% |
| March 31, 2026 | −1.2% | −4.6% |
| December 31, 2025 | +1.9% | +2.4% |
| September 30, 2025 | +5.4% | +7.8% |
| June 30, 2025 | +12.2% | +10.5% |
| March 31, 2025 | −3.6% | −4.6% |
| December 31, 2024 | −0.4% | +2.1% |
| September 30, 2024 | +9.3% | +5.4% |
| June 30, 2024 | −0.7% | +4.0% |
| March 31, 2024 | +3.2% | +10.0% |
| December 31, 2023 | +10.8% | +11.2% |
| September 30, 2023 | −5.5% | −3.6% |
| June 30, 2023 | +2.3% | +8.3% |
| March 31, 2023 | +2.6% | +7.0% |
| December 31, 2022 | +7.3% | +7.1% |
| September 30, 2022 | −6.6% | −5.3% |
| June 30, 2022 | −14.6% | −16.5% |
| March 31, 2022 | +0.1% | −4.9% |
| December 31, 2021 | +9.2% | +10.7% |
| September 30, 2021 | −1.6% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Nicola Wealth Management Ltd. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1734493&type=13F-HR&dateb=&owner=include&count=40CIK 1734493
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1734493/000173449326000006/Filed August 6, 2026 · accession 0001734493-26-000006