Nicola Wealth Management
Nicola Wealth Management reported 61 stocks worth $868M in its 13F filing for Q2 2026, filed Aug 6, 2026. Its largest holdings are WCN (4.7%), PBA (3.5%) and NVDA (3.1%). Compared with Q1 2026, the fund opened new positions in BIP, HD and SYK, added to WCN, NVDA and MSFT, trimmed UNP, H and SLF and sold out of CNQ, TU and WMT.
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 8 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 |  WCN Waste Connections Inc | $40.5M | 4.7% | 243K | +34K (+16%) | 5 of 8 | |
| 2 |  PBA Pembina Pipeline Corp | $30.7M | 3.5% | 665K | No change | 5 of 8 | |
| 3 |  NVDA Nvidia Corporation | $26.9M | 3.1% | 135K | +12K (+9%) | 6 of 8 | |
| 4 |  MSFT Microsoft Corp | $25M | 2.9% | 67K | +14K (+26%) | 8 of 8 | |
| 5 |  TSM Taiwan Semiconductor Mfg Ltd | $24.8M | 2.9% | 52K | +5,000 (+11%) | 8 of 8 | |
| 6 |  V Visa Inc | $24.4M | 2.8% | 71K | No change | 8 of 8 | |
| 7 |  BIP Brookfield Infrast Partners | $24.3M | 2.8% | 665K | New position | 1 of 8 | |
| 8 |  BAM Brookfield Asset Managmt Ltd | $23.1M | 2.7% | 516K | +82K (+19%) | 8 of 8 | |
| 9 |  TD Toronto Dominion BK Ont | $22.3M | 2.6% | 184K | No change | 8 of 8 | |
| 10 |  UNP Union Pac Corp | $21.4M | 2.5% | 79K | −8,500 (−10%) | 8 of 8 |
Positions at Jun 30, 2026, as reported. Change is against the fund's Q1 2026 filing; weight is the share of the fund's reported stocks.
Sold out
held in Q1 2026, gone in Q2 2026| Stock | Value last quarter | Shares sold |
|---|---|---|
 CNQ Canadian Nat Res Ltd | $16.4M | 336K |
 TU Telus Corporation | $15.7M | 1.2M |
 WMT Walmart Inc | $13.1M | 105K |
 PLD Prologis Inc. | $11.8M | 89K |
 CUBE Cubesmart | $11.3M | 309K |
🔒 Free account: see all 6.
Reported value
last 8 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q2 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Aug 6, 2026 | 13F-HR | Q2 2026 | SEC filing ↗ |
Other superinvestors
All hedge fund holdings →Nicola Wealth Management 13F FAQ
What does Nicola Wealth Management own?
Nicola Wealth Management reported 61 stocks worth $868M in its 13F filing for Q2 2026, filed Aug 6, 2026. Its largest holdings are WCN (4.7%), PBA (3.5%) and NVDA (3.1%). The table above lists every position in the filing (the top 10 without an account).
What did Nicola Wealth Management buy and sell in Q2 2026?
Compared with Q1 2026: 5 new positions, 14 added to, 10 trimmed and 6 sold out. New positions include BIP, HD and SYK. It sold all of CNQ, TU and WMT.
When will Nicola Wealth Management file its next 13F?
Holdings as of Sep 30, 2026 are due by Nov 16, 2026. The filing appears on this page within minutes of reaching the SEC.
How much is Nicola Wealth Management's portfolio worth?
The Q2 2026 filing reports $868M in US stocks. That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.