How is hedge fund similarity measured?

Similarity is computed from each fund's top conviction holdings in their latest 13F filing. Funds are scored by the overlap of distinctive shared positions (the mega-caps that nearly every fund owns are excluded), so the ranking reflects genuinely shared strategy rather than common index exposure.

Hedge Funds Similar to NICOLA WEALTH LTD.

13F Portfolio OverlapQ1 2026NICOLA WEALTH LTD. portfolio →

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Most similar hedge funds by 13F overlap

NICOLA WEALTH MANAGEMENT LTD. is an institutional investor managing $833M across 62 U.S. equity positions as of Q1 2026. Based on the overlap of conviction holdings in their latest 13F filings, the hedge funds with portfolios most similar to NICOLA WEALTH LTD. are BCV Asset, BANK OF NOVA SCOTIA, LETKO, BROSSEAU & ASSOCIATES, with shared positions in $WCN, $PBA, $UNP, $STN, $CNQ, $SLF. The full ranking of 25 similar funds is below.

#1BCV Asset Management Inc.Active

Notable overlap · 9 shared positions

$WCN $PBA $UNP $STN $CNQ $SLF

$2.9B

120 positions

#2BANK OF NOVA SCOTIA TRUST COActive

Notable overlap · 8 shared positions

$CNI $TD $PBA $CNQ $SLF $TU

$1.2B

161 positions

#3LETKO, BROSSEAU & ASSOCIATES INCActive

Notable overlap · 7 shared positions

$SLF $BCE $TD $T $CNI $TTE

$6.2B

101 positions

#4INTACT INVESTMENT MANAGEMENT INC.Passive

Notable overlap · 8 shared positions

$BCE $PBA $BAM $CNI $TD $TU

$3.5B

269 positions

#5MUFG SECURITIES (CANADA), LTD.Active

Notable overlap · 9 shared positions

$CNI $TD $CNQ $WCN $SLF $PBA

$3.5B

43 positions

#6Lorne Steinberg Wealth Management Inc.Passive

Notable overlap · 6 shared positions

$SLF $CNI $TD $CNQ $TU $BCE

$422M

68 positions

#7SIG North Trading, ULCActive

Notable overlap · 7 shared positions

$SLF $BCE $TD $TU $TFII $CNI

$5.0B

286 positions

#8Federation des caisses Desjardins du QuebecPassive

Notable overlap · 8 shared positions

$TD $BCE $TU $CNI $SLF $TFII

$27.8B

2,964 positions

#9Retail Employees Superannuation Pty Ltd as trustee for RetaiActive

Notable overlap · 5 shared positions

$ISRG $LIN $SNPS $KO $PLD

$672M

27 positions

#10Scheer, Rowlett & Associates Investment Management Ltd.Active

Notable overlap · 5 shared positions

$CNI $TD $CNQ $TU $TFII

$1.4B

33 positions

#11CIBC WORLD MARKET INC.Passive

Notable overlap · 7 shared positions

$TD $CNQ $TU $BCE $SLF $PBA

$61.3B

1,463 positions

#121832 Asset Management L.P.Active

Notable overlap · 6 shared positions

$CNI $TD $CNQ $WCN $SLF $PBA

$108.8B

647 positions

#13Purpose Unlimited Inc.Active

Notable overlap · 7 shared positions

$TD $CNQ $PBA $TU $SLF $BCE

$2.4B

577 positions

#14Addenda Capital Inc.Active

Notable overlap · 6 shared positions

$TD $CNQ $CNI $WCN $PBA $TFII

$3.6B

129 positions

#15SCOTIA CAPITAL INC.Active

Notable overlap · 6 shared positions

$TD $CNQ $CNI $PBA $TU $SLF

$24.3B

916 positions

#16MORGAN DEMPSEY CAPITAL MANAGEMENT LLCPassive

Notable overlap · 4 shared positions

$PBA $T $KO $UNP

$220M

148 positions

#17Cardinal Capital Management, Inc.Active

Notable overlap · 3 shared positions

$PBA $SLF $CNI

$3.7B

66 positions

#18Guardian Partners Inc.Active

Notable overlap · 5 shared positions

$CNI $TD $CNQ $BAM $PBA

$1.2B

192 positions

#19OMERS ADMINISTRATION CorpActive

Notable overlap · 8 shared positions

$KO $PLD $UNP $TD $LIN $ISRG

$15.6B

1,096 positions

#20Gold Investment Management Ltd.Passive

Notable overlap · 5 shared positions

$TD $CNI $UNP $CNQ $BCE

$323M

201 positions

#21Fiera Capital CorpActive

Notable overlap · 7 shared positions

$CNI $WCN $MCO $LIN $CNQ $TU

$29.2B

412 positions

#22PCJ Investment Counsel Ltd.Passive

Notable overlap · 5 shared positions

$TD $CNI $CNQ $PBA $TFII

$352M

59 positions

#23TD Waterhouse Canada Inc.Passive

Some overlap · 6 shared positions

$TD $CNQ $CNI $SLF $TU $BAM

$33.7B

2,307 positions

#24DAVIS-REA LTD.Passive

Some overlap · 5 shared positions

$SNPS $TD $LIN $PBA $CNI

$384M

54 positions

#25Impax Asset Management Group plcActive

Some overlap · 5 shared positions

$WCN $LIN $UNP $SNPS $TTEK

$14.3B

287 positions

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Similarity is derived from each fund’s latest 13F-HR filing with the SEC. Funds are ranked by the overlap of distinctive conviction holdings; near-universal mega-cap positions are excluded so the ranking reflects shared strategy, not common index exposure. Data is informational only and not investment advice.