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National Bank of Canada

National Bank of Canada Portfolio holdings

AUM $140B
1-Year Est. Return 46.34%
This Fund
S&P 500
This Quarter Est. Return
+5.14%
1 Year Est. Return
+46.34%
3 Year Est. Return
+120.97%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$110B
AUM Growth
+$9.55B
Cap. Flow
+$3.43B
Cap. Flow %
3.12%
Top 10 Hldgs %
29.27%
Holding
3,206
New
380
Increased
1,219
Reduced
855
Closed
337

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$990M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$877M
3
TSLA icon
Tesla
TSLA
+$841M
4
MSFT icon
Microsoft
MSFT
+$835M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$601M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$799M
2
TD icon
Toronto Dominion Bank
TD
+$363M
3
BN icon
Brookfield
BN
+$315M
4
CRM icon
Salesforce
CRM
+$305M
5
RY icon
Royal Bank of Canada
RY
+$289M

Sector Composition

Rank Sector Weight
1 Technology 25.83%
2 Financials 15.94%
3 Communication Services 9.95%
4 Consumer Discretionary 8.14%
5 Industrials 6.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PUBM icon
2526
PubMatic
PUBM
$787M
$2.88K ﹤0.01%
325
-16
-5% -$139
IIF
2527
Morgan Stanley India Investment Fund
IIF
$219M
$2.87K ﹤0.01%
115
– –
ELPW
2528
Elong Power Holding Ltd
ELPW
$2.18M
– –
0
– –
KAI icon
2529
Kadant
KAI
$3.91B
$2.84K ﹤0.01%
10
+2
+25% +$568
KWY
2530
Kingsway Corp
KWY
$283M
$2.84K ﹤0.01%
212
– –
SPHB icon
2531
Invesco S&P 500 High Beta ETF
SPHB
$956M
$2.81K ﹤0.01%
24
-782
-97% -$89.1K
ABG icon
2532
Asbury Automotive
ABG
$3.78B
$2.78K ﹤0.01%
+12
New +$2.84K
PZZA icon
2533
Papa John's
PZZA
$804M
$2.77K ﹤0.01%
72
-1
-1% -$44
GOLD
2534
Gold.com Inc
GOLD
$1.27B
$2.72K ﹤0.01%
80
-3,313
-98% -$94.6K
IGBH icon
2535
iShares Interest Rate Hedged Long-Term Corporate Bond ETF
IGBH
$227M
$2.71K ﹤0.01%
110
-97
-47% -$2.38K
IIPR icon
2536
Innovative Industrial Properties
IIPR
$1.67B
$2.7K ﹤0.01%
57
+10
+21% +$518
ECNS icon
2537
iShares MSCI China Small-Cap ETF
ECNS
$65.9M
$2.68K ﹤0.01%
82
– –
CRNC icon
2538
Cerence
CRNC
$389M
$2.68K ﹤0.01%
+251
New +$2.76K
WWW icon
2539
Wolverine World Wide
WWW
$1.63B
$2.63K ﹤0.01%
145
+6
+4% +$121
SITE icon
2540
SiteOne Landscape Supply
SITE
$4.27B
$2.61K ﹤0.01%
+21
New +$2.66K
NNE
2541
Nano Nuclear Energy
NNE
$1.1B
$2.59K ﹤0.01%
108
-3,076
-97% -$118K
EMF
2542
Templeton Emerging Markets Fund
EMF
$332M
$2.55K ﹤0.01%
150
– –
GTLB icon
2543
GitLab
GTLB
$7.32B
$2.51K ﹤0.01%
+67
New +$2.9K
PJP icon
2544
Invesco Pharmaceuticals ETF
PJP
$497M
$2.51K ﹤0.01%
24
-47
-66% -$4.73K
HUN icon
2545
Huntsman Corp
HUN
$1.81B
$2.44K ﹤0.01%
244
-317
-57% -$2.9K
PGEN icon
2546
Precigen
PGEN
$2.32B
$2.37K ﹤0.01%
568
+84
+17% +$325
ARX
2547
Accelerant Holdings
ARX
$4.26B
$2.35K ﹤0.01%
+144
New +$2.03K
KC
2548
Kingsoft Cloud Holdings
KC
$3.42B
$2.32K ﹤0.01%
225
– –
PBK
2549
PowerBank Corp
PBK
$24.2M
$2.31K ﹤0.01%
1,371
-36
-3% -$61
SKY icon
2550
Champion Homes
SKY
$5.23B
$2.28K ﹤0.01%
27
-49
-64% -$3.86K
100 101
102
103 104

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National Bank of Canada's Q4 2025 Portfolio in Review

As of Q4 2025, National Bank of Canada held 3,206 positions worth $110B, up 9.5% from $100B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

National Bank of Canada deployed $3.43B of net new capital in Q4 2025, opening 380 new positions and adding to 1,219 existing holdings. Its largest new stake was Roivant Sciences: 2,040,000 shares worth $44.3M.

By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 27% a quarter earlier, followed by Financials and Communication Services.

On the sell side, the largest reduction was Apple, an estimated $799M trimmed.

  • National Bank of Canada's largest Q4 2025 buy was Roivant Sciences: 2,040,000 shares worth $44.3M.
  • National Bank of Canada added most to Meta Platforms (Facebook) in Q4 2025, an estimated $990M increase.
  • National Bank of Canada's biggest Q4 2025 reduction was Apple, cutting an estimated $799M.
  • National Bank of Canada fully exited Spirit AeroSystems in Q4 2025, selling an estimated $124M.
  • National Bank of Canada's ten largest holdings make up 29% of its $110B portfolio in Q4 2025.
  • National Bank of Canada opened 380 new positions and closed 337 in Q4 2025.
  • National Bank of Canada's portfolio value rose 9.5% quarter-over-quarter to $110B.

Based on National Bank of Canada's 13F filing for Q4 2025, filed 17 Feb 2026.