Instuitional Investor - Nicola Wealth Management Ltd.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Bank Of Nova Scotia	BNS	2,300,000	$109,092,110	10.64%
2.	Toronto Dominion Bank Ont	TD	510,002	$30,571,757	2.98%
3.	Microsoft Corp	MSFT	73,560	$27,613,688	2.69%
4.	Ishares Tr - GLOBAL REIT ETF		1,128,300	$27,372,558	2.67%
5.	Visa Inc.	V	71,000	$24,882,660	2.43%