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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
VFC icon
2776
VF Corp
VFC
$5.82B
$127 ﹤0.01%
7
-601
-99% -$9.74K
MNYWW
2777
MoneyHero Ltd Warrants
MNYWW
$760K
$123 ﹤0.01%
98
– –
UDMY
2778
DELISTED
Udemy
UDMY
$123 ﹤0.01%
21
+7
+50% +$41
CHCO icon
2779
City Holding Co
CHCO
$2.07B
$119 ﹤0.01%
+1
New +$122
ZION icon
2780
Zions Bancorporation
ZION
$10.5B
$117 ﹤0.01%
2
– –
CVGW
2781
DELISTED
Calavo Growers
CVGW
$109 ﹤0.01%
+5
New +$111
BKE icon
2782
Buckle
BKE
$2.31B
$107 ﹤0.01%
+2
New +$111
DOLE icon
2783
Dole
DOLE
$1.26B
$105 ﹤0.01%
7
-993
-99% -$13.8K
POWI icon
2784
Power Integrations
POWI
$3.52B
$104 ﹤0.01%
3
-20
-87% -$758
DXC icon
2785
DXC Technology
DXC
$1.72B
$103 ﹤0.01%
7
– –
CLNE icon
2786
Clean Energy Fuels
CLNE
$395M
$102 ﹤0.01%
49
+29
+145% +$71
EP.PRC icon
2787
El Paso Energy Capital Trust I
EP.PRC
$221M
$98 ﹤0.01%
2
– –
ACES icon
2788
ALPS Clean Energy ETF
ACES
$124M
$97 ﹤0.01%
3
– –
EMBC icon
2789
Embecta
EMBC
$290M
$95 ﹤0.01%
8
-46
-85% -$607
AVO icon
2790
Mission Produce
AVO
$1.15B
$93 ﹤0.01%
+8
New +$96
FMST
2791
Foremost Lithium Resource & Technology
FMST
$21.8M
$90 ﹤0.01%
+43
New +$127
FCEL icon
2792
FuelCell Energy
FCEL
$1.66B
$88 ﹤0.01%
12
-1,265
-99% -$10.3K
KRNT icon
2793
Kornit Digital
KRNT
$838M
$86 ﹤0.01%
6
+5
+500% +$68
SGMO
2794
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
$84 ﹤0.01%
200
– –
GFAI icon
2795
Guardforce AI
GFAI
$11M
$83 ﹤0.01%
150
– –
LFWD icon
2796
ReWalk Robotics
LFWD
$21.8M
$82 ﹤0.01%
12
– –
CNDT icon
2797
Conduent
CNDT
$246M
$77 ﹤0.01%
+40
New +$88
RYLD icon
2798
Global X Russell 2000 Covered Call ETF
RYLD
$1.39B
$77 ﹤0.01%
5
– –
SCHO icon
2799
Schwab Short-Term US Treasury ETF
SCHO
$13B
$73 ﹤0.01%
3
-488,300
-100% -$11.9M
AHRT
2800
AH Realty Trust
AHRT
$506M
$72 ﹤0.01%
+11
New +$73
110 111
112
113 114

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VAM
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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.