NICOLA WEALTH MANAGEMENT LTD. Diversified Active

CIK: 0001734493 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 9, 2026

Total Value ($000): $1,098,961 (100.0% shares, 0.0% debt)

Holdings (65)

New Positions (4)

TTEK TETRA TECH INC NEW 1.1%

Value ($000) $12,242 Shares 365,000 Est. Cost $33.82 Unrealized 0.0%

IT GARTNER INC 0.8%

Value ($000) $8,956 Shares 35,500 Est. Cost $240.69 Unrealized 0.0%

TTE TOTALENERGIES SE 0.7%

Value ($000) $8,005 Shares 144,000 Est. Cost $63.23 Unrealized 0.0%

FSV FIRSTSERVICE CORP NEW 0.7%

Value ($000) $7,837 Shares 50,390 Est. Cost $162.42 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TTEK	TETRA TECH INC NEW	365,000	$12,242	1.1%	$33.82	0.0%	COM	88162G103
IT	GARTNER INC	35,500	$8,956	0.8%	$240.69	0.0%	COM	366651107
TTE	TOTALENERGIES SE	144,000	$8,005	0.7%	$63.23	0.0%	ACT	F92124100
FSV	FIRSTSERVICE CORP NEW	50,390	$7,837	0.7%	$162.42	0.0%	COM	33767E202

Increased Positions (14)

BNS BANK NOVA SCOTIA HALIFAX 9.1%

Value ($000) $100,430 (+200.2%) Shares 1,361,500 (+163.2%) Est. Cost $60.69 Unrealized +12.0%

PBA PEMBINA PIPELINE CORP 3.4%

Value ($000) $37,638 (+20.6%) Shares 987,800 (+28.0%) Est. Cost $37.76 Unrealized +1.8%

TFII TFI INTL INC 1.2%

Value ($000) $13,088 (+83.6%) Shares 126,600 (+56.3%) Est. Cost $92.06 Unrealized +1.1%

NOW SERVICENOW INC 1.9%

Value ($000) $21,140 (-16.8%) Shares 138,000 (+400.0%) Est. Cost $171.25 Unrealized +0.2%

HDB HDFC BANK LTD 1.3%

Value ($000) $14,726 (+38.2%) Shares 403,000 (+29.2%) Est. Cost $48.27 Unrealized —

INFY INFOSYS LTD 1.5%

Value ($000) $16,893 (+26.3%) Shares 948,000 (+15.3%) Est. Cost $21.24 Unrealized —

BCE BCE INC 1.6%

Value ($000) $17,392 (+17.7%) Shares 729,000 (+15.3%) Est. Cost $24.18 Unrealized -4.7%

SLF SUN LIFE FINANCIAL INC. 2.1%

Value ($000) $22,907 (+6.9%) Shares 366,900 (+2.8%) Est. Cost $58.99 Unrealized +2.4%

NFLX NETFLIX INC 1.4%

Value ($000) $15,658 (+8.8%) Shares 167,000 (+1291.7%) Est. Cost $103.36 Unrealized +4.3%

EPC EDGEWELL PERS CARE CO 0.5%

Value ($000) $5,255 (+29.6%) Shares 308,200 (+54.7%) Est. Cost $26.33 Unrealized -30.2%

SLGN SILGAN HLDGS INC 0.5%

Value ($000) $5,527 (+21.3%) Shares 136,900 (+29.3%) Est. Cost $46.07 Unrealized -11.9%

BAM BROOKFIELD ASSET MANAGMT LTD 1.2%

Value ($000) $13,190 (+7.0%) Shares 251,758 (+16.3%) Est. Cost $45.96 Unrealized +16.3%

BCO BRINKS CO 0.5%

Value ($000) $5,556 (+14.3%) Shares 47,600 (+14.4%) Est. Cost $79.10 Unrealized +44.2%

T AT&T INC 2.1%

Value ($000) $22,763 (+2.1%) Shares 916,400 (+16.1%) Est. Cost $17.84 Unrealized +41.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BNS	BANK NOVA SCOTIA HALIFAX	1,361,500 (+163.2%)	$100,430 (+200.2%)	9.1%	$60.69	+12.0%	COM	064149107
PBA	PEMBINA PIPELINE CORP	987,800 (+28.0%)	$37,638 (+20.6%)	3.4%	$37.76	+1.8%	COM	706327103
TFII	TFI INTL INC	126,600 (+56.3%)	$13,088 (+83.6%)	1.2%	$92.06	+1.1%	COM	87241L109
NOW	SERVICENOW INC	138,000 (+400.0%)	$21,140 (-16.8%)	1.9%	$171.25	+0.2%	COM	81762P102
HDB	HDFC BANK LTD	403,000 (+29.2%)	$14,726 (+38.2%)	1.3%	$48.27	—	SPONSORED ADS	40415F101
INFY	INFOSYS LTD	948,000 (+15.3%)	$16,893 (+26.3%)	1.5%	$21.24	—	SPONSORED ADR	456788108
BCE	BCE INC	729,000 (+15.3%)	$17,392 (+17.7%)	1.6%	$24.18	-4.7%	COM NEW	05534B760
SLF	SUN LIFE FINANCIAL INC.	366,900 (+2.8%)	$22,907 (+6.9%)	2.1%	$58.99	+2.4%	COM	866796105
NFLX	NETFLIX INC	167,000 (+1291.7%)	$15,658 (+8.8%)	1.4%	$103.36	+4.3%	COM	64110L106
EPC	EDGEWELL PERS CARE CO	308,200 (+54.7%)	$5,255 (+29.6%)	0.5%	$26.33	-30.2%	COM	28035Q102
SLGN	SILGAN HLDGS INC	136,900 (+29.3%)	$5,527 (+21.3%)	0.5%	$46.07	-11.9%	COM	827048109
BAM	BROOKFIELD ASSET MANAGMT LTD	251,758 (+16.3%)	$13,190 (+7.0%)	1.2%	$45.96	+16.3%	CL A LMT VTG SHS	113004105
BCO	BRINKS CO	47,600 (+14.4%)	$5,556 (+14.3%)	0.5%	$79.10	+44.2%	COM	109696104
T	AT&T INC	916,400 (+16.1%)	$22,763 (+2.1%)	2.1%	$17.84	+41.7%	COM	00206R102

Exited Positions (4)

CM CANADIAN IMPERIAL BANK OF CO 6.9%

Value ($000) $75,920 Shares 950,000 Est. Cost $75.26 Unrealized +14.0%

GRTUF GRANITE REAL ESTATE INVT TR 0.5%

Value ($000) $5,029 Shares 90,500 Est. Cost $69.76 Unrealized —

AB ALLIANCEBERNSTEIN HLDG L P 0.4%

Value ($000) $4,357 Shares 114,000 Est. Cost $43.54 Unrealized —

HP HELMERICH & PAYNE INC 0.1%

Value ($000) $572 Shares 25,900 Est. Cost $45.34 Unrealized -41.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CM	CANADIAN IMPERIAL BANK OF CO	950,000	$75,920	6.9%	$75.26	+14.0%	—	136069101
GRTUF	GRANITE REAL ESTATE INVT TR	90,500	$5,029	0.5%	$69.76	—	—	387437205
AB	ALLIANCEBERNSTEIN HLDG L P	114,000	$4,357	0.4%	$43.54	—	—	01881G106
HP	HELMERICH & PAYNE INC	25,900	$572	0.1%	$45.34	-41.4%	—	423452101

Decreased Positions (17)

TU TELUS CORPORATION 1.5%

Value ($000) $16,124 (-51.8%) Shares 1,223,219 (-42.4%) Est. Cost $17.44 Unrealized -19.2%

TRP TC ENERGY CORP 10.0%

Value ($000) $110,147 (-12.0%) Shares 2,000,000 (-13.2%) Est. Cost $48.79 Unrealized +9.4%

META META PLATFORMS INC 1.9%

Value ($000) $20,925 (-30.5%) Shares 31,700 (-22.7%) Est. Cost $469.94 Unrealized +42.0%

PLD PROLOGIS INC. 1.0%

Value ($000) $11,362 (-30.1%) Shares 89,000 (-37.3%) Est. Cost $112.69 Unrealized +9.9%

WSO WATSCO INC 0.2%

Value ($000) $2,696 (-60.8%) Shares 8,000 (-52.9%) Est. Cost $427.59 Unrealized -16.5%

CNQ CANADIAN NAT RES LTD 1.3%

Value ($000) $14,665 (-20.4%) Shares 432,900 (-24.8%) Est. Cost $29.98 Unrealized +8.2%

GOOGL ALPHABET INC 0.8%

Value ($000) $8,608 (-27.0%) Shares 27,500 (-43.3%) Est. Cost $117.54 Unrealized +143.0%

STN STANTEC INC 0.6%

Value ($000) $6,097 (-30.4%) Shares 64,600 (-20.4%) Est. Cost $89.71 Unrealized —

IDXX IDEXX LABS INC 0.9%

Value ($000) $10,013 (-16.6%) Shares 14,800 (-21.3%) Est. Cost $434.21 Unrealized +56.8%

TJX TJX COS INC NEW 0.8%

Value ($000) $8,602 (-13.7%) Shares 56,000 (-18.8%) Est. Cost $125.88 Unrealized +17.3%

AMZN AMAZON COM INC 2.2%

Value ($000) $24,421 (-4.0%) Shares 105,800 (-8.6%) Est. Cost $183.54 Unrealized +24.7%

ISRG INTUITIVE SURGICAL INC 2.2%

Value ($000) $24,297 (-2.6%) Shares 42,900 (-23.1%) Est. Cost $481.75 Unrealized +10.5%

WCN WASTE CONNECTIONS INC 3.0%

Value ($000) $32,515 (-1.7%) Shares 185,400 (-1.4%) Est. Cost $188.31 Unrealized -8.2%

KO COCA COLA CO 1.1%

Value ($000) $11,885 (-3.1%) Shares 170,000 (-8.1%) Est. Cost $69.23 Unrealized +0.2%

H HYATT HOTELS CORP 1.8%

Value ($000) $19,800 (+0.7%) Shares 123,500 (-10.8%) Est. Cost $100.56 Unrealized +52.3%

TD TORONTO DOMINION BK ONT 3.1%

Value ($000) $34,245 (+0.2%) Shares 363,302 (-15.0%) Est. Cost $58.29 Unrealized +44.9%

WMT WALMART INC 1.8%

Value ($000) $19,630 (+0.1%) Shares 176,200 (-7.4%) Est. Cost $49.07 Unrealized +118.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TU	TELUS CORPORATION	1,223,219 (-42.4%)	$16,124 (-51.8%)	1.5%	$17.44	-19.2%	COM	87971M103
TRP	TC ENERGY CORP	2,000,000 (-13.2%)	$110,147 (-12.0%)	10.0%	$48.79	+9.4%	COM	87807B107
META	META PLATFORMS INC	31,700 (-22.7%)	$20,925 (-30.5%)	1.9%	$469.94	+42.0%	CL A	30303M102
PLD	PROLOGIS INC.	89,000 (-37.3%)	$11,362 (-30.1%)	1.0%	$112.69	+9.9%	COM	74340W103
WSO	WATSCO INC	8,000 (-52.9%)	$2,696 (-60.8%)	0.2%	$427.59	-16.5%	COM	942622200
CNQ	CANADIAN NAT RES LTD	432,900 (-24.8%)	$14,665 (-20.4%)	1.3%	$29.98	+8.2%	COM	136385101
GOOGL	ALPHABET INC	27,500 (-43.3%)	$8,608 (-27.0%)	0.8%	$117.54	+143.0%	CAP STK CL A	02079K305
STN	STANTEC INC	64,600 (-20.4%)	$6,097 (-30.4%)	0.6%	$89.71	—	COM	85472N109
IDXX	IDEXX LABS INC	14,800 (-21.3%)	$10,013 (-16.6%)	0.9%	$434.21	+56.8%	COM	45168D104
TJX	TJX COS INC NEW	56,000 (-18.8%)	$8,602 (-13.7%)	0.8%	$125.88	+17.3%	COM	872540109
AMZN	AMAZON COM INC	105,800 (-8.6%)	$24,421 (-4.0%)	2.2%	$183.54	+24.7%	COM	023135106
ISRG	INTUITIVE SURGICAL INC	42,900 (-23.1%)	$24,297 (-2.6%)	2.2%	$481.75	+10.5%	COM NEW	46120E602
WCN	WASTE CONNECTIONS INC	185,400 (-1.4%)	$32,515 (-1.7%)	3.0%	$188.31	-8.2%	COM	94106B101
KO	COCA COLA CO	170,000 (-8.1%)	$11,885 (-3.1%)	1.1%	$69.23	+0.2%	COM	191216100
H	HYATT HOTELS CORP	123,500 (-10.8%)	$19,800 (+0.7%)	1.8%	$100.56	+52.3%	COM CL A	448579102
TD	TORONTO DOMINION BK ONT	363,302 (-15.0%)	$34,245 (+0.2%)	3.1%	$58.29	+44.9%	COM NEW	891160509
WMT	WALMART INC	176,200 (-7.4%)	$19,630 (+0.1%)	1.8%	$49.07	+118.5%	COM	931142103

Unchanged Positions (30)

PRGO PERRIGO CO PLC 0.4%

Value ($000) $3,912 Shares 281,000 Est. Cost $27.89 Unrealized -40.2%

MSFT MICROSOFT CORP 2.9%

Value ($000) $32,190 Shares 66,560 Est. Cost $217.26 Unrealized +130.4%

AJG GALLAGHER ARTHUR J & CO 1.0%

Value ($000) $11,102 Shares 42,900 Est. Cost $229.43 Unrealized +15.2%

LIN LINDE PLC 1.5%

Value ($000) $16,970 Shares 39,800 Est. Cost $445.82 Unrealized -4.2%

SANM SANMINA CORPORATION 0.8%

Value ($000) $8,269 Shares 55,100 Est. Cost $53.32 Unrealized +176.8%

TSM TAIWAN SEMICONDUCTOR MFG LTD 1.9%

Value ($000) $20,361 Shares 67,000 Est. Cost $68.71 Unrealized —

CPRT COPART INC 0.9%

Value ($000) $9,983 Shares 255,000 Est. Cost $47.13 Unrealized -12.0%

COKE COCA COLA CONS INC 0.6%

Value ($000) $6,224 Shares 40,600 Est. Cost $111.55 Unrealized +31.2%

AMG AFFILIATED MANAGERS GROUP IN 0.8%

Value ($000) $8,360 Shares 29,000 Est. Cost $192.20 Unrealized +34.5%

CUBE CUBESMART 1.0%

Value ($000) $11,139 Shares 309,000 Est. Cost $45.06 Unrealized —

REZI RESIDEO TECHNOLOGIES INC 0.5%

Value ($000) $5,535 Shares 157,600 Est. Cost $19.21 Unrealized +92.6%

IONS IONIS PHARMACEUTICALS INC 0.6%

Value ($000) $6,883 Shares 87,000 Est. Cost $43.98 Unrealized +71.2%

CNI CANADIAN NATL RY CO 1.8%

Value ($000) $19,665 Shares 198,800 Est. Cost $95.00 Unrealized +1.2%

MSA MSA SAFETY INC 1.1%

Value ($000) $11,590 Shares 72,375 Est. Cost $172.87 Unrealized -5.8%

CCK CROWN HLDGS INC 1.2%

Value ($000) $13,592 Shares 132,000 Est. Cost $91.58 Unrealized +6.3%

CRI CARTERS INC 0.5%

Value ($000) $5,808 Shares 179,100 Est. Cost $41.73 Unrealized -25.5%

SNPS SYNOPSYS INC 1.2%

Value ($000) $13,716 Shares 29,200 Est. Cost $565.30 Unrealized -21.4%

V VISA INC 2.3%

Value ($000) $24,900 Shares 71,000 Est. Cost $179.09 Unrealized +90.1%

UNP UNION PAC CORP 2.4%

Value ($000) $25,908 Shares 112,000 Est. Cost $189.42 Unrealized +20.0%

BHE BENCHMARK ELECTRS INC 0.5%

Value ($000) $5,328 Shares 124,600 Est. Cost $27.06 Unrealized +59.5%

AVGO BROADCOM INC 1.0%

Value ($000) $10,902 Shares 31,500 Est. Cost $165.97 Unrealized +115.1%

PDS PRECISION DRILLING CORP 0.2%

Value ($000) $2,009 Shares 28,000 Est. Cost $68.95 Unrealized -10.9%

GIB CGI INC 1.0%

Value ($000) $11,271 Shares 122,000 Est. Cost $101.94 Unrealized -12.7%

DE DEERE & CO 1.9%

Value ($000) $21,183 Shares 45,500 Est. Cost $286.62 Unrealized +63.2%

NBR NABORS INDUSTRIES LTD 0.1%

Value ($000) $1,260 Shares 23,200 Est. Cost $98.18 Unrealized -50.4%

ADBE ADOBE INC 1.4%

Value ($000) $15,470 Shares 44,200 Est. Cost $501.68 Unrealized -32.2%

CP CANADIAN PACIFIC KANSAS CITY 0.9%

Value ($000) $10,419 Shares 141,500 Est. Cost $76.25 Unrealized -3.5%

PLXS PLEXUS CORP 0.6%

Value ($000) $6,762 Shares 46,000 Est. Cost $135.09 Unrealized +8.5%

HYG ISHARES TR 0.9%

Value ($000) $10,079 Shares 125,000 Est. Cost $81.18 Unrealized —

NVDA NVIDIA CORPORATION 2.1%

Value ($000) $22,940 Shares 123,000 Est. Cost $153.79 Unrealized +21.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PRGO	PERRIGO CO PLC	281,000	$3,912	0.4%	$27.89	-40.2%	SHS	G97822103
MSFT	MICROSOFT CORP	66,560	$32,190	2.9%	$217.26	+130.4%	COM	594918104
AJG	GALLAGHER ARTHUR J & CO	42,900	$11,102	1.0%	$229.43	+15.2%	COM	363576109
LIN	LINDE PLC	39,800	$16,970	1.5%	$445.82	-4.2%	SHS	G54950103
SANM	SANMINA CORPORATION	55,100	$8,269	0.8%	$53.32	+176.8%	COM	801056102
TSM	TAIWAN SEMICONDUCTOR MFG LTD	67,000	$20,361	1.9%	$68.71	—	SPONSORED ADS	874039100
CPRT	COPART INC	255,000	$9,983	0.9%	$47.13	-12.0%	COM	217204106
COKE	COCA COLA CONS INC	40,600	$6,224	0.6%	$111.55	+31.2%	COM	191098102
AMG	AFFILIATED MANAGERS GROUP IN	29,000	$8,360	0.8%	$192.20	+34.5%	COM	008252108
CUBE	CUBESMART	309,000	$11,139	1.0%	$45.06	—	COM	229663109
REZI	RESIDEO TECHNOLOGIES INC	157,600	$5,535	0.5%	$19.21	+92.6%	COM	76118Y104
IONS	IONIS PHARMACEUTICALS INC	87,000	$6,883	0.6%	$43.98	+71.2%	COM	462222100
CNI	CANADIAN NATL RY CO	198,800	$19,665	1.8%	$95.00	+1.2%	COM	136375102
MSA	MSA SAFETY INC	72,375	$11,590	1.1%	$172.87	-5.8%	COM	553498106
CCK	CROWN HLDGS INC	132,000	$13,592	1.2%	$91.58	+6.3%	COM	228368106
CRI	CARTERS INC	179,100	$5,808	0.5%	$41.73	-25.5%	COM	146229109
SNPS	SYNOPSYS INC	29,200	$13,716	1.2%	$565.30	-21.4%	COM	871607107
V	VISA INC	71,000	$24,900	2.3%	$179.09	+90.1%	COM CL A	92826C839
UNP	UNION PAC CORP	112,000	$25,908	2.4%	$189.42	+20.0%	COM	907818108
BHE	BENCHMARK ELECTRS INC	124,600	$5,328	0.5%	$27.06	+59.5%	COM	08160H101
AVGO	BROADCOM INC	31,500	$10,902	1.0%	$165.97	+115.1%	COM	11135F101
PDS	PRECISION DRILLING CORP	28,000	$2,009	0.2%	$68.95	-10.9%	COM NEW	74022D407
GIB	CGI INC	122,000	$11,271	1.0%	$101.94	-12.7%	CL A SUB VTG	12532H104
DE	DEERE & CO	45,500	$21,183	1.9%	$286.62	+63.2%	COM	244199105
NBR	NABORS INDUSTRIES LTD	23,200	$1,260	0.1%	$98.18	-50.4%	SHS	G6359F137
ADBE	ADOBE INC	44,200	$15,470	1.4%	$501.68	-32.2%	COM	00724F101
CP	CANADIAN PACIFIC KANSAS CITY	141,500	$10,419	0.9%	$76.25	-3.5%	COM	13646K108
PLXS	PLEXUS CORP	46,000	$6,762	0.6%	$135.09	+8.5%	COM	729132100
HYG	ISHARES TR	125,000	$10,079	0.9%	$81.18	—	IBOXX HI YD ETF	464288513
NVDA	NVIDIA CORPORATION	123,000	$22,940	2.1%	$153.79	+21.0%	COM	67066G104