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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 | |
|---|---|---|---|---|---|---|
376
Verisk Analytics
VRSK
$23.5B
| $36.4M | 0.03% |
162,546
+15,487
| +11% | +$3.49M |
|
377
Ares Management
ARES
$32.1B
| $36.1M | 0.03% |
223,382
+44,323
| +25% | +$6.9M |
|
378
American Electric Power
AEP
$67.9B
| $36M | 0.03% |
312,099
-11,462
| -4% | -$1.35M |
|
379
Dollar General
DG
$26.4B
| $35.8M | 0.03% |
269,893
+157,117
| +139% | +$17.5M |
|
380
PUT
Micron Technology
MU
$1.03T
| $35.7M | 0.03% |
+1,250
| New | +$287K |
|
381
TransDigm Group
TDG
$68.3B
| $35.6M | 0.03% |
26,754
+11,932
| +81% | +$15.6M |
|
382
iShares Semiconductor ETF
SOXX
$46.2B
| $35.5M | 0.03% |
117,802
+82,546
| +234% | +$24.3M |
|
383
CALL
Pembina Pipeline
PBA
$28.4B
| $35.4M | 0.03% |
9,305
+5,294
| +132% | +$204K |
|
384
Old Dominion Freight Line
ODFL
$44.1B
| $35.1M | 0.03% |
223,733
+128,802
| +136% | +$18.5M |
|
385
Cencora
COR
$60B
| $34.8M | 0.03% |
103,167
+1,341
| +1% | +$457K |
|
386
Curtiss-Wright
CW
$26.7B
| $34.7M | 0.03% |
62,999
+3,817
| +6% | +$2.13M |
|
387
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.7B
| $34.7M | 0.03% |
379,729
+297,124
| +360% | +$27.2M |
|
388
Agilent Technologies
A
$41.9B
| $34.4M | 0.03% |
252,650
+8,819
| +4% | +$1.27M |
|
389
PUT
Berkshire Hathaway Class B
BRK.B
$1.09T
| $34.2M | 0.03% |
+680
| New | +$338K |
|
|
B
390
CALL
Barrick Mining
B
$67.9B
| $34M | 0.03% |
7,814
+3,750
| +92% | +$141K |
|
391
CALL
Airbnb
ABNB
$108B
| $33.9M | 0.03% |
+2,500
| New | +$311K |
|
392
TE Connectivity
TEL
$62B
| $33.9M | 0.03% |
148,912
+6,692
| +5% | +$1.55M |
|
393
Algonquin Power & Utilities
AQN
$4.44B
| $33.3M | 0.03% |
5,423,404
-4,488,148
| -45% | -$26.7M |
|
394
State Street SPDR S&P Regional Banking ETF
KRE
$4.64B
| $33.3M | 0.03% |
513,502
+493,722
| +2,496% | +$31M |
|
395
Dominion Energy
D
$59.8B
| $33.1M | 0.03% |
564,438
+338,574
| +150% | +$20.4M |
|
396
iShares Core MSCI Total International Stock ETF
IXUS
$60.7B
| $33M | 0.03% |
389,830
+389,100
| +53,301% | +$32.6M |
|
397
WisdomTree Emerging Markets SmallCap Dividend Fund
DGS
$1.78B
| $33M | 0.03% |
577,358
+6,533
| +1% | +$371K |
|
398
Regency Centers
REG
$13.9B
| $33M | 0.03% |
477,726
-18,238
| -4% | -$1.28M |
|
399
Ford
F
$55.1B
| $32.4M | 0.03% |
2,470,677
+255,387
| +12% | +$3.29M |
|
400
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$17.1B
| $32.4M | 0.03% |
323,004
+7,025
| +2% | +$706K |
|
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.