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National Bank of Canada Portfolio holdings
AUM
$112B
1-Year Est. Return
31.26%
This Fund
S&P 500
This Quarter
Est. Return
-1.68%
1 Year Est. Return
+31.26%
3 Year Est. Return
+84.25%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$112B
AUM Growth
+$1.53B
(+1.4%)
Cap. Flow
+$1.78B
Cap. Flow
% of AUM
1.6%
Top 10 Holdings %
Top 10 Hldgs %
29.51%
Holding
3,261
New
392
Increased
1,054
Reduced
1,061
Closed
327
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$2.38B |
| 2 |
Apple
AAPL
|
+$965M |
| 3 |
Microsoft
MSFT
|
+$832M |
| 4 |
Advanced Micro Devices
AMD
|
+$565M |
| 5 |
Shopify
SHOP
|
+$446M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$768M |
| 2 |
Broadcom
AVGO
|
+$463M |
| 3 |
Canadian Natural Resources
CNQ
|
+$270M |
| 4 |
GE Aerospace
GE
|
+$241M |
| 5 |
Cognizant
CTSH
|
+$239M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.66% |
| 2 | Financials | 15.6% |
| 3 | Communication Services | 9.14% |
| 4 | Consumer Discretionary | 7.15% |
| 5 | Industrials | 5.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$5.01T
| $6.96B | 6.24% |
39,888,153
+12,980,140
| +48% | +$2.38B |
|
|
2
Apple
AAPL
$4.89T
| $4.57B | 4.1% |
17,998,880
+3,707,421
| +26% | +$965M |
|
|
3
Microsoft
MSFT
$2.84T
| $4.41B | 3.95% |
11,902,573
+1,989,133
| +20% | +$832M |
|
4
Alphabet (Google) Class A
GOOGL
$3.91T
| $3.09B | 2.77% |
10,746,678
+996,088
| +10% | +$313M |
|
5
Royal Bank of Canada
RY
$291B
| $2.61B | 2.34% |
16,182,381
-435,759
| -3% | -$72.9M |
|
6
Toronto Dominion Bank
TD
$198B
| $2.56B | 2.29% |
27,422,403
+1,791,733
| +7% | +$170M |
|
7
Amazon
AMZN
$2.5T
| $2.44B | 2.19% |
11,718,509
+927,555
| +9% | +$204M |
|
|
8
Alphabet (Google) Class C
GOOG
$3.9T
| $2.19B | 1.96% |
7,639,013
+1,340,608
| +21% | +$421M |
|
|
9
PUT
NVIDIA
NVDA
$5.01T
| $2.1B | 1.88% |
120,294
+81,208
| +208% | +$14.9M |
|
10
Tesla
TSLA
$1.24T
| $1.99B | 1.78% |
5,341,342
+24,059
| +0.5% | +$9.91M |
|
|
11
Broadcom
AVGO
$1.82T
| $1.86B | 1.67% |
6,006,872
-1,405,958
| -19% | -$463M |
|
|
12
Meta Platforms (Facebook)
META
$1.51T
| $1.7B | 1.53% |
2,978,516
-1,198,504
| -29% | -$768M |
|
|
13
Shopify
SHOP
$148B
| $1.52B | 1.36% |
12,811,918
+3,394,298
| +36% | +$446M |
|
14
Micron Technology
MU
$1.04T
| $1.46B | 1.31% |
4,323,263
+901,463
| +26% | +$353M |
|
15
Bank of Montreal
BMO
$125B
| $1.45B | 1.3% |
10,760,298
-243,123
| -2% | -$33.8M |
|
16
Canadian Imperial Bank of Commerce
CM
$107B
| $1.23B | 1.1% |
12,952,062
-637,764
| -5% | -$61M |
|
|
17
PUT
Microsoft
MSFT
$2.84T
| $1.17B | 1.05% |
31,643
+15,584
| +97% | +$6.52M |
|
18
Scotiabank
BNS
$106B
| $1.14B | 1.02% |
16,409,996
-1,414,079
| -8% | -$104M |
|
19
JPMorgan Chase
JPM
$939B
| $1.09B | 0.98% |
3,696,591
+915,264
| +33% | +$278M |
|
20
Enbridge
ENB
$124B
| $1.05B | 0.95% |
19,496,834
-595,289
| -3% | -$30.3M |
|
21
UnitedHealth
UNH
$382B
| $1.04B | 0.93% |
3,826,523
+1,484,528
| +63% | +$442M |
|
22
Brookfield
BN
$102B
| $979M | 0.88% |
24,212,041
+1,180,821
| +5% | +$52.3M |
|
|
23
Advanced Micro Devices
AMD
$851B
| $919M | 0.82% |
4,517,318
+2,645,339
| +141% | +$565M |
|
24
Manulife Financial
MFC
$72.6B
| $900M | 0.81% |
26,160,388
+4,247,511
| +19% | +$153M |
|
|
25
PUT
Tesla
TSLA
$1.24T
| $868M | 0.78% |
23,350
-1,700
| -7% | -$700K |
|
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National Bank of Canada's Q1 2026 Portfolio in Review
As of Q1 2026, National Bank of Canada held 3,261 positions worth $112B, up 1.4% from $110B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
National Bank of Canada's Q1 2026 filing shows 392 new, 1,054 increased, 1,061 reduced and 327 closed positions. Its largest new stake was Revolution Medicines: 1,749,000 shares worth $170M. The largest sale was Meta Platforms (Facebook), an estimated $768M.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 26% a quarter earlier, followed by Financials and Communication Services.
- National Bank of Canada's largest Q1 2026 buy was Revolution Medicines: 1,749,000 shares worth $170M.
- National Bank of Canada added most to NVIDIA in Q1 2026, an estimated $2.38B increase.
- National Bank of Canada's biggest Q1 2026 reduction was Meta Platforms (Facebook), cutting an estimated $768M.
- National Bank of Canada fully exited Rexford Industrial Realty in Q1 2026, selling an estimated $81.2M.
- National Bank of Canada's ten largest holdings make up 30% of its $112B portfolio in Q1 2026.
- National Bank of Canada opened 392 new positions and closed 327 in Q1 2026.
- National Bank of Canada's portfolio value rose 1.4% quarter-over-quarter to $112B.
Based on National Bank of Canada's 13F filing for Q1 2026, filed 15 May 2026.