Instuitional Investor - Nicola Wealth Management Ltd.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Tc Energy Corporation	TRP	2,000,000	$110,146,828	10.02%
2.	Bank Of Nova Scotia	BNS	1,361,500	$100,429,661	9.14%
3.	Pembina Pipeline Corporation	PBA	987,800	$37,637,674	3.42%
4.	Toronto Dominion Bank Ont	TD	363,302	$34,245,452	3.12%
5.	Waste Connections Inc.	WCN	185,400	$32,514,615	2.96%