Nicola Wealth Management Ltd 13F annual report
Nicola Wealth Management Ltd is an investment fund managing more than $1.11 trillion ran by Richard Chen. There are currently 106 companies in Mr. Chen’s portfolio. The largest investments include Bank Nova Scotia Halifax and Suncor, together worth $176 billion.
$1.11 trillion Assets Under Management (AUM)
As of 24th July 2024, Nicola Wealth Management Ltd’s top holding is 2,300,000 shares of Bank Nova Scotia Halifax currently worth over $144 billion and making up 13.0% of the portfolio value.
In addition, the fund holds 611,722 shares of Suncor worth $31.9 billion, whose value grew 16.3% in the past six months.
The third-largest holding is TC worth $29.4 billion and the next is Royal Bk Cda worth $29 billion, with 198,935 shares owned.
Currently, Nicola Wealth Management Ltd's portfolio is worth at least $1.11 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Nicola Wealth Management Ltd
The Nicola Wealth Management Ltd office and employees reside in Vancouver, British Columbia, Canada. According to the last 13-F report filed with the SEC, Richard Chen serves as the Chief Compliance Officer at Nicola Wealth Management Ltd.
Recent trades
In the most recent 13F filing, Nicola Wealth Management Ltd revealed that it had opened a new position in
Shopify Inc and bought 261,100 shares worth $23.6 billion.
This means they effectively own approximately 0.1% of the company.
Shopify Inc makes up
13.5%
of the fund's Technology sector allocation and has decreased its share price by 6.5% in the past year.
The investment fund also strengthened its position in Bank Nova Scotia Halifax by buying
800,000 additional shares.
This makes their stake in Bank Nova Scotia Halifax total 2,300,000 shares worth $144 billion.
On the other hand, there are companies that Nicola Wealth Management Ltd is getting rid of from its portfolio.
Nicola Wealth Management Ltd closed its position in Canadian Pacific Kansas City on 31st July 2024.
It sold the previously owned 124,966 shares for $14.9 billion.
Richard Chen also disclosed a decreased stake in AT&T by approximately 0.1%.
This leaves the value of the investment at $26.2 billion and 1,368,700 shares.
One of the average hedge funds
The two most similar investment funds to Nicola Wealth Management Ltd are Novare Capital Management and Triodos Investment Management Bv. They manage $1.11 trillion and $1.11 trillion respectively.
Richard Chen investment strategy
Nicola Wealth Management Ltd’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 15.8% of
the total portfolio value.
The fund focuses on investments in the United States as
50.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
37% of the total holdings value.
On the other hand, small-cap stocks make up only 0.9% of the portfolio.
The average market cap of the portfolio companies is close to $116 billion.
The complete list of Nicola Wealth Management Ltd trades based on 13F SEC filings
These positions were updated on July 31st based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Bank Nova Scotia Halifax |
53.33%
2,300,000
|
$143,934,000,000 | 13.02% |
| Suncor Energy, Inc. |
No change
611,722
|
$31,901,302,000 | 2.89% |
| TC Energy Corporation |
No change
566,596
|
$29,383,669,000 | 2.66% |
| Royal Bk Cda |
No change
198,935
|
$28,974,883,000 | 2.62% |
| Adobe Inc |
32.89%
50,500
|
$28,054,770,000 | 2.54% |
| AT&T Inc. |
6.81%
1,368,700
|
$26,155,857,000 | 2.37% |
| Microsoft Corporation |
No change
58,160
|
$25,994,612,000 | 2.35% |
| Toronto Dominion Bk Ont |
No change
342,002
|
$25,718,550,000 | 2.33% |
| Shopify Inc |
Opened
261,100
|
$23,606,051,000 | 2.14% |
| Hyatt Hotels Corporation |
No change
152,500
|
$23,167,800,000 | 2.10% |
| Shell Plc |
10.36%
320,000
|
$23,097,600,000 | 2.09% |
| Electronic Arts, Inc. |
No change
162,400
|
$22,627,192,000 | 2.05% |
| Visa Inc |
10.94%
85,500
|
$22,441,185,000 | 2.03% |
| Alphabet Inc |
No change
122,900
|
$22,386,235,000 | 2.02% |
| Taiwan Semiconductor Mfg Ltd |
7.14%
91,000
|
$21,642,004,000 | 1.96% |
| Canadian Natl Ry Co |
22.88%
133,200
|
$21,533,112,000 | 1.95% |
| Caseys Gen Stores Inc |
No change
55,000
|
$20,985,800,000 | 1.90% |
| Meta Platforms Inc |
34.48%
39,000
|
$19,664,580,000 | 1.78% |
| Union Pac Corp |
3.67%
84,800
|
$19,186,848,000 | 1.74% |
| Walmart Inc |
No change
280,200
|
$18,972,342,000 | 1.72% |
| CGI Inc |
107.93%
138,900
|
$18,966,795,000 | 1.72% |
| Deere & Co. |
13.70%
49,800
|
$18,606,774,000 | 1.68% |
| Prologis Inc |
8.12%
153,818
|
$17,888,228,000 | 1.62% |
| Wesco International, Inc. |
6.39%
108,300
|
$17,167,716,000 | 1.55% |
| Crown Holdings, Inc. |
No change
221,000
|
$16,440,190,000 | 1.49% |
| Telus Corp. |
No change
781,819
|
$16,191,471,000 | 1.46% |
| CubeSmart |
4.77%
354,000
|
$15,990,180,000 | 1.45% |
| Unitedhealth Group Inc |
8.96%
30,400
|
$15,481,504,000 | 1.40% |
| Canadian Pacific Kansas City |
Closed
124,966
|
$14,924,689,000 | |
| Brookfield Asset Managmt Ltd |
No change
279,558
|
$14,559,381,000 | 1.32% |
| Infosys Ltd |
No change
559,000
|
$14,242,060,000 | 1.29% |
| Sun Cmntys Inc |
11.56%
106,184
|
$13,163,068,000 | 1.19% |
| Canadian Nat Res Ltd |
46.25%
266,126
|
$12,968,320,000 | 1.17% |
| Amazon.com Inc. |
22.22%
66,000
|
$12,754,500,000 | 1.15% |
| Becton Dickinson & Co. |
No change
52,000
|
$12,152,920,000 | 1.10% |
| HDFC Bank Ltd. |
94.20%
134,000
|
$11,795,047,000 | 1.07% |
| Ross Stores, Inc. |
No change
79,300
|
$11,523,876,000 | 1.04% |
| Netflix Inc. |
142.86%
17,000
|
$11,472,960,000 | 1.04% |
| Equifax, Inc. |
291.67%
47,000
|
$11,395,620,000 | 1.03% |
| ServiceNow Inc |
27.27%
14,000
|
$11,013,380,000 | 1.00% |
| Gilead Sciences, Inc. |
No change
156,000
|
$10,703,160,000 | 0.97% |
| Gallagher Arthur J & Co |
No change
41,100
|
$10,657,641,000 | 0.96% |
| Ishares Tr |
149.23%
307,300
|
$9,776,127,000 | 0.88% |
| Biogen Inc |
No change
39,500
|
$9,156,890,000 | 0.83% |
| Barings BDC Inc |
No change
614,000
|
$8,174,525,000 | 0.74% |
| Boston Scientific Corp. |
19.45%
102,300
|
$7,878,123,000 | 0.71% |
| Coca Cola Cons Inc |
No change
5,060
|
$7,512,104,000 | 0.68% |
| Stantec Inc |
14.44%
56,894
|
$6,516,070,000 | 0.59% |
| Lowes Cos Inc |
No change
26,000
|
$5,731,960,000 | 0.52% |
| Benchmark Electrs Inc |
No change
104,600
|
$5,647,680,000 | 0.51% |
| Kkr Real Estate Fin Tr Inc |
No change
453,000
|
$5,609,551,000 | 0.51% |
| Abbvie Inc |
No change
30,000
|
$5,145,600,000 | 0.47% |
| Teck Resources Ltd |
Closed
82,800
|
$5,133,600,000 | |
| Edgewell Pers Care Co |
21.56%
90,200
|
$4,960,276,000 | 0.45% |
| Sanmina Corp |
No change
54,100
|
$4,904,158,000 | 0.44% |
| Intuitive Surgical Inc |
Opened
11,000
|
$4,893,350,000 | 0.44% |
| West Fraser Timber Co Ltd |
Closed
41,700
|
$4,877,232,000 | |
| Ionis Pharmaceuticals Inc |
32.14%
74,000
|
$4,825,775,000 | 0.44% |
| Silgan Holdings Inc. |
No change
77,900
|
$4,511,979,000 | 0.41% |
| Patterson Cos Inc |
26.01%
130,800
|
$4,316,844,000 | 0.39% |
| Carlisle Cos Inc |
Closed
11,000
|
$4,310,350,000 | |
| Resideo Technologies Inc |
No change
152,600
|
$4,084,178,000 | 0.37% |
| NextEra Energy Partners LP |
Closed
132,000
|
$3,970,560,000 | |
| Jabil Inc |
13.33%
25,500
|
$3,795,863,000 | 0.34% |
| Digital Rlty Tr Inc |
4.90%
18,202
|
$3,786,926,000 | 0.34% |
| Itron Inc. |
13.64%
38,000
|
$3,760,480,000 | 0.34% |
| Brookfield Renewable Partner |
24.41%
148,000
|
$3,661,332,000 | 0.33% |
| Constellation Energy Corp |
36.84%
18,000
|
$3,604,860,000 | 0.33% |
| Brinks Co |
No change
25,600
|
$3,586,916,000 | 0.32% |
| Perrigo Co Plc |
11.11%
100,000
|
$3,513,794,000 | 0.32% |
| Welltower Inc. |
35.60%
23,995
|
$3,422,773,000 | 0.31% |
| Equinix Inc |
5.15%
3,041
|
$3,148,213,000 | 0.28% |
| Carters Inc |
No change
37,100
|
$3,145,841,000 | 0.28% |
| First Solar Inc |
43.75%
13,500
|
$3,043,710,000 | 0.28% |
| Illumina Inc |
Closed
21,000
|
$2,883,720,000 | |
| Ormat Technologies Inc |
13.04%
40,000
|
$2,868,000,000 | 0.26% |
| Public Storage Oper Co |
Opened
7,250
|
$2,853,538,000 | 0.26% |
| Xylem Inc |
22.22%
21,000
|
$2,848,230,000 | 0.26% |
| Hannon Armstrong Sust Infr C |
13.64%
95,000
|
$2,812,000,000 | 0.25% |
| NextEra Energy Inc |
Opened
38,500
|
$2,726,185,000 | 0.25% |
| Precision Drilling Corp |
75.00%
28,000
|
$2,693,600,000 | 0.24% |
| Invitation Homes Inc |
1.38%
51,348
|
$2,521,612,000 | 0.23% |
| American Wtr Wks Co Inc New |
32.14%
19,000
|
$2,454,040,000 | 0.22% |
| Avalonbay Cmntys Inc |
10.32%
8,550
|
$2,420,399,000 | 0.22% |
| Extra Space Storage Inc. |
Closed
11,760
|
$2,341,033,000 | |
| Enphase Energy Inc |
8.00%
23,000
|
$2,293,330,000 | 0.21% |
| Nabors Industries Ltd |
182.93%
23,200
|
$2,258,943,000 | 0.20% |
| Equity Residential |
9.22%
21,328
|
$2,023,556,000 | 0.18% |
| Mobileye Global Inc |
22.03%
72,000
|
$2,022,120,000 | 0.18% |
| Vici Pptys Inc |
14.46%
50,285
|
$1,970,574,000 | 0.18% |
| Quanta Svcs Inc |
87.50%
7,500
|
$1,905,675,000 | 0.17% |
| Essex Ppty Tr Inc |
16.28%
5,000
|
$1,862,256,000 | 0.17% |
| Kimco Rlty Corp |
105.61%
69,909
|
$1,861,475,000 | 0.17% |
| American Tower Corp. |
53.05%
6,881
|
$1,830,141,000 | 0.17% |
| Nextracker Inc |
Opened
39,000
|
$1,828,320,000 | 0.17% |
| Agree Rlty Corp |
30.43%
21,000
|
$1,779,803,000 | 0.16% |
| Sunrun Inc |
16.67%
150,000
|
$1,779,000,000 | 0.16% |
| Bloom Energy Corp |
No change
145,000
|
$1,774,800,000 | 0.16% |
| Ameresco Inc. |
15.28%
61,000
|
$1,757,410,000 | 0.16% |
| Rexford Indl Rlty Inc |
25.77%
28,310
|
$1,727,264,000 | 0.16% |
| Alexandria Real Estate Eq In |
Closed
9,662
|
$1,686,695,000 | |
| Tetra Tech, Inc. |
Opened
7,500
|
$1,533,600,000 | 0.14% |
| Cameco Corp. |
34.78%
31,000
|
$1,524,965,000 | 0.14% |
| Essential Pptys Rlty Tr Inc |
25.80%
37,961
|
$1,439,314,000 | 0.13% |
| Sonida Senior Living Inc |
Opened
35,686
|
$1,342,802,000 | 0.12% |
| American Healthcare Reit Inc |
12.93%
65,300
|
$1,305,403,000 | 0.12% |
| LXP Industrial Trust |
45.42%
103,731
|
$1,294,448,000 | 0.12% |
| Kite Rlty Group Tr |
73.98%
41,867
|
$1,282,074,000 | 0.12% |
| Helmerich & Payne, Inc. |
No change
25,900
|
$1,280,764,000 | 0.12% |
| Array Technologies, Inc. |
43.50%
113,000
|
$1,159,380,000 | 0.10% |
| SBA Communications Corp |
Closed
3,600
|
$1,056,439,000 | |
| CBRE Group Inc |
Opened
8,624
|
$1,051,518,000 | 0.10% |
| Park Hotels & Resorts Inc |
23.22%
50,678
|
$1,038,754,000 | 0.09% |
| Pimco Dynamic Income Oprnts |
Closed
54,000
|
$963,080,000 | |
| CareTrust REIT Inc |
48.01%
26,205
|
$899,993,000 | 0.08% |
| Stem Inc |
Closed
400,000
|
$876,000,000 | |
| Fluence Energy Inc |
47.37%
50,000
|
$867,000,000 | 0.08% |
| Hudson Pac Pptys Inc |
Closed
80,809
|
$705,833,000 | |
| Chargepoint Holdings Inc. |
Closed
250,000
|
$475,000,000 | |
| No transactions found | |||
| Showing first 500 out of 119 holdings | |||
Hedge funds similar to Nicola Wealth Management Ltd
- Dt Investment Partners
- Sage Financial Group Inc
- Kingswood Wealth Advisors
- Petrus Trust , Lta
- Vicus Capital
- Triodos Investment Management Bv
- Novare Capital Management
- Trustcore Financial Services
- Parcion Private Wealth
- Partners Ag
- Advisornet , Inc
- Linonia Partnership L.P.
- Cahaba Wealth Management, Inc
- Beese Fulmer Investment Management, Inc