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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
MEM icon
2801
Matthews Emerging Markets Equity Active ETF
MEM
$53.1M
$71 ﹤0.01%
+2
New +$73
MVIS icon
2802
Microvision
MVIS
$90.4M
$71 ﹤0.01%
+6
New +$96
RSKD icon
2803
Riskified
RSKD
$835M
$70 ﹤0.01%
14
+13
+1,300% +$63
FIGXU
2804
FIGX Capital Acquisition Corp Units
FIGXU
$68 ﹤0.01%
8
+7
+700% +$71
KG
2805
Kestrel Group
KG
$63.5M
$60 ﹤0.01%
6
– –
BOE icon
2806
BlackRock Enhanced Global Dividend Trust
BOE
$691M
$59 ﹤0.01%
+5
New +$58
FLWS icon
2807
1-800-Flowers.com
FLWS
$262M
$59 ﹤0.01%
15
+5
+50% +$20
FVRR icon
2808
Fiverr
FVRR
$316M
$59 ﹤0.01%
+3
New +$65
PBYI icon
2809
Puma Biotechnology
PBYI
$456M
$59 ﹤0.01%
+10
New +$53
NNVC icon
2810
NanoViricides
NNVC
$35.2M
$56 ﹤0.01%
+50
New +$70
LION icon
2811
Lionsgate Studios
LION
$3.54B
$55 ﹤0.01%
6
– –
UTI icon
2812
Universal Technical Institute
UTI
$1.44B
$52 ﹤0.01%
+2
New +$57
HLF icon
2813
Herbalife
HLF
$1.26B
$51 ﹤0.01%
+4
New +$42
EC icon
2814
Ecopetrol
EC
$35.1B
$50 ﹤0.01%
5
– –
NOTE
2815
DELISTED
FiscalNote
NOTE
$48 ﹤0.01%
+33
New +$100
OCCI
2816
OFS Credit Co
OCCI
$77.2M
$48 ﹤0.01%
10
– –
TTGT icon
2817
TechTarget
TTGT
$275M
$48 ﹤0.01%
+9
New +$48
UMH
2818
UMH Properties
UMH
$1.41B
$47 ﹤0.01%
+3
New +$45
HLMN icon
2819
Hillman Solutions
HLMN
$1.73B
$43 ﹤0.01%
+5
New +$45
ALP
2820
Alpha Compute
ALP
$4.03M
$43 ﹤0.01%
73
– –
CTOS icon
2821
Custom Truck One Source
CTOS
$2.42B
$40 ﹤0.01%
+7
New +$43
GAME icon
2822
GameSquare
GAME
$39.2M
$40 ﹤0.01%
104
– –
NEXN
2823
Nexxen International
NEXN
$587M
$39 ﹤0.01%
6
-5,000
-100% -$37.2K
BV icon
2824
BrightView Holdings
BV
$1.09B
$38 ﹤0.01%
3
– –
AZIO
2825
Azio AI Holdings
AZIO
$23.9M
$38 ﹤0.01%
112
– –
111 112
113
114 115

Similar funds

T. Rowe Price Investment Management
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VanEck Associates
VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return
Neuberger Berman Group
Neuberger Berman Group New York $131B AUM 28.36% 1-Year Est. Return
Fidelity International
Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return
Primecap Management
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Canada Pension Plan Investment Board
Canada Pension Plan Investment Board Toronto Ontario, Ontario, Canada $155B AUM 29.93% 1-Year Est. Return
Two Sigma Investments
Two Sigma Investments New York $124B AUM 33.93% 1-Year Est. Return
California Public Employees Retirement System
California Public Employees Retirement System Sacramento, California $162B AUM 25.78% 1-Year Est. Return

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.