National Bank of Canada’s BCE BCE Stock Holding History

National Bank of Canada’s Portfolio BCE Stock Details BCE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$535M	Sell	21,250,639 -297,480	-1%	-$7.54M	0.48%	44
2025 Q4	$514M	Buy	21,548,119 +1,028,792	+5%	+$24M	0.47%	41
2025 Q3	$479M	Sell	20,519,327 -3,082,563	-13%	-$74.2M	0.48%	37
2025 Q2	$523M	Buy	23,601,890 +1,921,000	+9%	+$42M	0.5%	36
2025 Q1	$497M	Buy	21,680,890 +3,978,269	+22%	+$93.6M	0.52%	37
2024 Q4	$410M	Sell	17,702,621 -1,171,340	-6%	-$33.7M	0.43%	48
2024 Q3	$656M	Buy	18,873,961 +864,444	+5%	+$29.5M	0.75%	23
2024 Q2	$579M	Buy	18,009,517 +1,909,780	+12%	+$63.7M	0.79%	22
2024 Q1	$546M	Buy	16,099,737 +166,552	+1%	+$6.34M	0.84%	20
2023 Q4	$643M	Buy	15,933,185 +221,174	+1%	+$8.56M	1.03%	17
2023 Q3	$576M	Buy	15,712,011 +323,998	+2%	+$13.6M	0.88%	20
2023 Q2	$701M	Sell	15,388,013 -133,170	-0.9%	-$6.2M	1.28%	11
2023 Q1	$695M	Sell	15,521,183 -359,668	-2%	-$16.2M	1.71%	8
2022 Q4	$697M	Buy	15,880,851 +9,577,853	+152%	+$431M	1.78%	9
2022 Q3	$264M	Buy	6,302,998 +1,497,431	+31%	+$72.8M	1.41%	5
2022 Q2	$235M	Buy	4,805,567 +68,156	+1%	+$3.66M	1.07%	8
2022 Q1	$263M	Buy	4,737,411 +194,689	+4%	+$10.3M	0.78%	26
2021 Q4	$236M	Buy	+4,542,722	New	+$232M	0.81%	21

Other funds holding BCE

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

Caisse de Depot et Placement du Quebec (CDPQ) Montreal, Quebec, Canada $62.4B AUM 23.7% 1-Year Est. Return

CIBC World Market Toronto, Ontario, Canada $61.3B AUM 39.33% 1-Year Est. Return

Bank of Nova Scotia Toronto, Ontario, Canada $57.2B AUM 35.3% 1-Year Est. Return

FDCDDQ

Federation des caisses Desjardins du Quebec Levis, Quebec, Canada $27.8B AUM 31.66% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

Two Sigma Investments New York $124B AUM 33.93% 1-Year Est. Return

LBA

Letko, Brosseau & Associates Montreal, Quebec, Canada $6.2B AUM 38.92% 1-Year Est. Return

National Bank of Canada's BCE Position: Q1 2026 in Review

National Bank of Canada reduced its BCE (BCE) stake by 1.4% in Q1 2026, selling an estimated $7.54M and leaving 21,250,639 shares worth $535M. The position accounts for 0.48% of the portfolio, ranked #44.

National Bank of Canada first reported a position in BCE in Q4 2021 and has held it in 18 quarters since. The position peaked at $701M in Q2 2023. 404 funds tracked by Wall St. Rank hold BCE as of Q1 2026.

National Bank of Canada held 21,250,639 shares of BCE worth $535M as of Q1 2026.
National Bank of Canada sold 297,480 BCE shares in Q1 2026, an estimated $7.54M.
BCE made up 0.48% of National Bank of Canada's portfolio in Q1 2026, its #44 holding.
National Bank of Canada first reported a position in BCE in Q4 2021 and has held it in 18 quarters since.
National Bank of Canada's BCE position peaked at $701M in Q2 2023.
404 funds tracked by Wall St. Rank held BCE as of Q1 2026.

Based on National Bank of Canada's 13F filing for Q1 2026, filed 15 May 2026.