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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
FRMI
2601
Fermi Inc
FRMI
$4.21B
$1.37K ﹤0.01%
+171
New +$3.34K
DJIA icon
2602
Global X Dow 30 Covered Call ETF
DJIA
$189M
$1.36K ﹤0.01%
62
-8,077
-99% -$179K
MIRM icon
2603
Mirum Pharmaceuticals
MIRM
$6.02B
$1.34K ﹤0.01%
+17
New +$1.22K
AAOI icon
2604
Applied Optoelectronics
AAOI
$11B
$1.32K ﹤0.01%
38
-8
-17% -$239
DJT icon
2605
Trump Media & Technology Group
DJT
$2.31B
$1.32K ﹤0.01%
100
– –
CMPX icon
2606
Compass Therapeutics
CMPX
$407M
$1.3K ﹤0.01%
+242
New +$1.12K
BYRN icon
2607
Byrna Technologies
BYRN
$97.6M
$1.28K ﹤0.01%
77
-167
-68% -$3.25K
CNXN icon
2608
PC Connection
CNXN
$2.04B
$1.27K ﹤0.01%
+22
New +$1.31K
IXC icon
2609
iShares Global Energy ETF
IXC
$2.74B
$1.26K ﹤0.01%
+30
New +$1.26K
SPIB icon
2610
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.6B
$1.25K ﹤0.01%
37
-109,900
-100% -$3.72M
XIFR
2611
XPLR Infrastructure LP
XIFR
$1.09B
$1.19K ﹤0.01%
119
+2
+2% +$19
ATNM icon
2612
Actinium Pharmaceuticals
ATNM
$30.2M
$1.16K ﹤0.01%
855
– –
TGEN
2613
Tecogen Inc
TGEN
$125M
$1.14K ﹤0.01%
230
– –
JBSS icon
2614
John B. Sanfilippo & Son
JBSS
$1.01B
$1.13K ﹤0.01%
+16
New +$1.09K
RYAM icon
2615
Rayonier Advanced Materials
RYAM
$570M
$1.12K ﹤0.01%
191
– –
REE
2616
DELISTED
REE Automotive
REE
$1.12K ﹤0.01%
1,543
-50
-3% -$44
UP icon
2617
Wheels Up
UP
$187M
$1.12K ﹤0.01%
85
– –
AEBI
2618
Aebi Schmidt Holding AG
AEBI
$1.06B
$1.11K ﹤0.01%
88
– –
SKYW icon
2619
Skywest
SKYW
$4.21B
$1.1K ﹤0.01%
+11
New +$1.1K
CIB icon
2620
Grupo Cibest SA
CIB
$22.7B
$1.08K ﹤0.01%
17
– –
FHTX icon
2621
Foghorn Therapeutics
FHTX
$385M
$1.08K ﹤0.01%
+200
New +$907
NGVT icon
2622
Ingevity
NGVT
$2.59B
$1.06K ﹤0.01%
18
-2,848
-99% -$155K
CULP icon
2623
Culp Inc
CULP
$43.2M
$1.05K ﹤0.01%
300
– –
JBS
2624
JBS N.V.
JBS
$43.8B
$1.01K ﹤0.01%
+70
New +$962
DAX icon
2625
Global X DAX Germany ETF
DAX
$236M
$1K ﹤0.01%
22
– –
103 104
105
106 107

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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.