National Bank of Canada
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National Bank of Canada’s Microsoft MSFT Stock Holding History

National Bank of Canada’s Portfolio MSFT Stock Details MSFT Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q1 		$4.41B Buy
11,902,573
+1,989,133
+20% +$832M 3.95% 3
2025
Q4 		$4.79B Buy
9,913,440
+1,666,611
+20% +$835M 4.36% 2
2025
Q3 		$4.27B Sell
8,246,829
-941,102
-10% -$480M 4.25% 3
2025
Q2 		$4.57B Sell
9,187,931
-1,216,838
-12% -$528M 4.34% 2
2025
Q1 		$3.91B Buy
10,404,769
+2,858,791
+38% +$1.17B 4.09% 2
2024
Q4 		$3.18B Sell
7,545,978
-1,898,861
-20% -$809M 3.37% 2
2024
Q3 		$4.06B Buy
9,444,839
+1,976,501
+26% +$845M 4.65% 2
2024
Q2 		$3.41B Sell
7,468,338
-240,506
-3% -$102M 4.65% 2
2024
Q1 		$3.2B Buy
7,708,844
+960,030
+14% +$389M 4.89% 2
2023
Q4 		$2.5B Buy
6,748,814
+9,178
+0.1% +$3.27M 4% 1
2023
Q3 		$2.16B Buy
6,739,636
+1,296,817
+24% +$429M 3.3% 2
2023
Q2 		$1.84B Buy
5,442,819
+2,168,170
+66% +$680M 3.37% 3
2023
Q1 		$943M Buy
3,274,649
+332,246
+11% +$84.7M 2.32% 5
2022
Q4 		$706M Buy
2,942,403
+1,468,326
+100% +$352M 1.8% 7
2022
Q3 		$351M Sell
1,474,077
-1,226,103
-45% -$324M 1.89% 2
2022
Q2 		$700M Sell
2,700,180
-782,138
-22% -$212M 3.19% 1
2022
Q1 		$1.07B Buy
3,482,318
+352,340
+11% +$106M 3.16% 2
2021
Q4 		$1.05B Buy
+3,129,978
New +$1.01B 3.59% 3

Other funds holding MSFT

BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
State Street
State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return
Fidelity Investments
Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return
VPM
Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM
Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return
JP Morgan Chase
JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return
T. Rowe Price Associates
T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return
Invesco
Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

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

National Bank of Canada increased its Microsoft (MSFT) stake by 20% in Q1 2026, buying an estimated $832M and bringing the position to 11,902,573 shares worth $4.41B. The position accounts for 3.95% of the portfolio, ranked #3.

National Bank of Canada first reported a position in MSFT in Q4 2021 and has held it in 18 quarters since. The position peaked at $4.79B in Q4 2025. 6,184 funds tracked by Wall St. Rank hold MSFT as of Q1 2026.

  • National Bank of Canada held 11,902,573 shares of Microsoft worth $4.41B as of Q1 2026.
  • National Bank of Canada bought 1,989,133 Microsoft shares in Q1 2026, an estimated $832M.
  • Microsoft made up 3.95% of National Bank of Canada's portfolio in Q1 2026, its #3 holding.
  • National Bank of Canada first reported a position in Microsoft in Q4 2021 and has held it in 18 quarters since.
  • National Bank of Canada's Microsoft position peaked at $4.79B in Q4 2025.
  • 6,184 funds tracked by Wall St. Rank held Microsoft as of Q1 2026.

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