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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
AMRN
2701
Amarin Corp
AMRN
$299M
$486 ﹤0.01%
35
– –
WT icon
2702
WisdomTree
WT
$3.44B
$450 ﹤0.01%
37
-24
-39% -$290
XXI
2703
Twenty One Capital Inc
XXI
$1.73B
$436 ﹤0.01%
+50
New +$522
LOOP icon
2704
Loop Industries
LOOP
$30.6M
$430 ﹤0.01%
430
+200
+87% +$264
FLYW icon
2705
Flywire
FLYW
$2.22B
$425 ﹤0.01%
30
-2
-6% -$27
TITN icon
2706
Titan Machinery
TITN
$420M
$420 ﹤0.01%
28
+21
+300% +$338
HYDR icon
2707
Global X Hydrogen ETF
HYDR
$105M
$412 ﹤0.01%
13
– –
PAR icon
2708
PAR Technology
PAR
$770M
$399 ﹤0.01%
11
-52
-83% -$1.88K
INCR
2709
Intercure
INCR
$54.9M
$397 ﹤0.01%
508
– –
OTLY
2710
Oatly Group
OTLY
$441M
$394 ﹤0.01%
37
– –
SI
2711
Shoulder Innovations Inc
SI
$400M
$386 ﹤0.01%
27
– –
CHPT icon
2712
ChargePoint
CHPT
$160M
$372 ﹤0.01%
56
– –
NEXA icon
2713
Nexa Resources
NEXA
$1.9B
$354 ﹤0.01%
40
– –
KKR.PRD
2714
KKR & Co 6.25% Series D Preferred Stock
KKR.PRD
$2.59B
$354 ﹤0.01%
7
+2
+40% +$102
IIIN icon
2715
Insteel Industries
IIIN
$634M
$348 ﹤0.01%
+11
New +$359
QFIN icon
2716
Qfin Holdings
QFIN
$1.52B
$347 ﹤0.01%
18
-832,382
-100% -$18.7M
INBS icon
2717
Intelligent Bio Solutions
INBS
$9.05M
$332 ﹤0.01%
35
– –
MRVI icon
2718
Maravai LifeSciences
MRVI
$861M
$328 ﹤0.01%
101
-35
-26% -$118
EXOD
2719
Exodus Movement Inc
EXOD
$186M
$325 ﹤0.01%
22
+1
+5% +$20
ALEC icon
2720
Alector
ALEC
$228M
$312 ﹤0.01%
200
– –
AZ icon
2721
A2Z Smart Technologies
AZ
$361M
$312 ﹤0.01%
48
– –
OCC icon
2722
Optical Cable Corp
OCC
$147M
$302 ﹤0.01%
69
– –
NBTX
2723
Nanobiotix
NBTX
$1.94B
$300 ﹤0.01%
13
– –
CLOV icon
2724
Clover Health Investments
CLOV
$2.38B
$297 ﹤0.01%
127
+45
+55% +$123
HAIN icon
2725
Hain Celestial
HAIN
$53.9M
$297 ﹤0.01%
280
– –
107 108
109
110 111

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Primecap Management
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Canada Pension Plan Investment Board
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Two Sigma Investments
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California Public Employees Retirement System
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Manulife (Manufacturers Life Insurance)
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D.E. Shaw & Co
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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.