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	$156,929,000	12.74%
2.	Toronto Dominion Bank Ont	TD	510,002	$43,977,472	3.57%
3.	Ishares Tr - GLOBAL REIT ETF		1,128,300	$39,375,425	3.2%
4.	Canadian National Railway Co	CNI	239,600	$33,553,584	2.72%
5.	Shopify Inc.	SHOP	216,383	$29,622,833	2.4%