Instuitional Investor - Nicola Wealth Management Ltd.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Tc Energy Corporation	TRP	2,302,996	$125,228,774	11.15%
2.	Canadian Imperial Bank Commerce	CM	950,000	$75,919,731	6.76%
3.	Microsoft Corp	MSFT	66,560	$34,474,752	3.07%
4.	Toronto Dominion Bank Ont	TD	427,202	$34,161,553	3.04%
5.	Telus Corp	TU	2,125,419	$33,478,988	2.98%