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
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