Instuitional Investor - Nicola Wealth Management Ltd.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Tc Energy Corporation	TRP	566,596	$29,327,009	3.07%
2.	Royal Bank Canada Montreal Que	RY	208,135	$27,890,090	2.92%
3.	Visa Inc.	V	106,000	$27,597,100	2.89%
4.	Toronto Dominion Bank Ont	TD	311,202	$26,645,115	2.79%
5.	Canadian Pacific Railway Ltd	CP	248,966	$26,101,595	2.73%