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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
(+9.5%)
Cap. Flow
+$3.43B
Cap. Flow
% of AUM
3.12%
Top 10 Holdings %
Top 10 Hldgs %
29.27%
Holding
3,206
New
380
Increased
1,219
Reduced
855
Closed
337
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$990M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$877M |
| 3 |
Tesla
TSLA
|
+$841M |
| 4 |
Microsoft
MSFT
|
+$835M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$601M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$799M |
| 2 |
Toronto Dominion Bank
TD
|
+$363M |
| 3 |
Brookfield
BN
|
+$315M |
| 4 |
Salesforce
CRM
|
+$305M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
276
CALL
ExxonMobil
XOM
$657B
| $60M | 0.05% |
4,986
-2,764
| -36% | -$321K |
|
277
CALL
Manulife Financial
MFC
$72.6B
| $59.9M | 0.05% |
16,488
+1,451
| +10% | +$49.3K |
|
278
Cigna
CI
$73.3B
| $59.3M | 0.05% |
215,628
+41,249
| +24% | +$11.6M |
|
279
CALL
Intel
INTC
$509B
| $59M | 0.05% |
+16,000
| New | +$604K |
|
280
PUT
Moderna
MRNA
$25.4B
| $59M | 0.05% |
20,000
-8,468
| -30% | -$230K |
|
281
Freeport-McMoran
FCX
$96.9B
| $58.7M | 0.05% |
1,155,348
+69,745
| +6% | +$3.02M |
|
282
Chipotle Mexican Grill
CMG
$41.3B
| $57.3M | 0.05% |
1,549,937
-73,229
| -5% | -$2.65M |
|
283
CALL
Bank of America
BAC
$453B
| $56.7M | 0.05% |
+10,306
| New | +$545K |
|
284
Howmet Aerospace
HWM
$112B
| $56.4M | 0.05% |
275,022
+21,824
| +9% | +$4.34M |
|
285
CALL
NVIDIA
NVDA
$5.43T
| $56M | 0.05% |
3,000
-36,500
| -92% | -$6.79M |
|
286
CALL
iShares Silver Trust
SLV
$31.8B
| $55.7M | 0.05% |
+8,648
| New | +$433K |
|
287
Fastenal
FAST
$59.9B
| $55.6M | 0.05% |
1,384,309
+860,300
| +164% | +$36.2M |
|
288
VanEck Gold Miners ETF
GDX
$27.8B
| $55.5M | 0.05% |
646,802
-946,741
| -59% | -$74.8M |
|
289
Southern Company
SO
$106B
| $55.3M | 0.05% |
634,117
+394,344
| +164% | +$36M |
|
|
EA
290
DELISTED
Electronic Arts
EA
| $55.3M | 0.05% |
270,405
+56,177
| +26% | +$11.3M |
|
291
Cummins
CMI
$87.8B
| $54.9M | 0.05% |
107,593
+11,693
| +12% | +$5.47M |
|
292
PUT
Adobe
ADBE
$103B
| $54.7M | 0.05% |
+1,563
| New | +$532K |
|
|
PDS
293
Precision Drilling
PDS
$1.08B
| $54.7M | 0.05% |
769,634
+34,174
| +5% | +$2.1M |
|
294
Take-Two Interactive
TTWO
$45.4B
| $54.6M | 0.05% |
213,216
+43,939
| +26% | +$11M |
|
295
Valero Energy
VLO
$95.1B
| $54.5M | 0.05% |
334,646
+171,436
| +105% | +$29M |
|
296
CALL
Scotiabank
BNS
$110B
| $54.4M | 0.05% |
7,374
-5,004
| -40% | -$340K |
|
297
AutoZone
AZO
$49.7B
| $53.7M | 0.05% |
15,831
+8,737
| +123% | +$33M |
|
298
Kroger
KR
$34.3B
| $53.5M | 0.05% |
856,552
+128,639
| +18% | +$8.41M |
|
299
Motorola Solutions
MSI
$77.7B
| $53.4M | 0.05% |
139,326
+31,600
| +29% | +$12.7M |
|
300
Williams Companies
WMB
$90.1B
| $53.1M | 0.05% |
884,073
-1,402,263
| -61% | -$84.8M |
|
Similar funds
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.