NICOLA WEALTH MANAGEMENT LTD.

Q4 2025 13F-HR Holdings

Location
Vancouver, A1
Holdings as of
12/31/2025
Date filed
2/9/2026
Form type
13F-HR
Num holdings
65
Total value ($000)
$1,098,961
Net value change ($000)
-24,423 (-2.2%)
New positions
4
Sold out positions
4
Turnover %
11.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/31/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
BNS 66,978 200.2%
TTEK 12,242 NEW
IT 8,956 NEW
TOTALENERGIES SE 8,005 NEW
FSV 7,837 NEW
PBA 6,442 20.7%
TFII 5,959 83.6%
HDB 4,069 38.2%
INFY 3,520 26.3%
BCE 2,614 17.7%
Top Reduces (Value $000, Stocks/ETFs)
CM -75,920 -100.0%
TU -17,355 -51.8%
TRP -15,082 -12.0%
META -9,185 -30.5%
GRP-UN -5,029 -100.0%
PLD -4,900 -30.1%
AB -4,357 -100.0%
NOW -4,260 -16.8%
WSO -4,177 -60.8%
CNQ -3,751 -20.4%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type