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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 | |
|---|---|---|---|---|---|---|
576
XPO
XPO
$25.1B
| $16.5M | 0.02% |
121,240
+1,773
| +1% | +$242K |
|
577
Eversource Energy
ES
$27.2B
| $16.4M | 0.01% |
243,717
+122,074
| +100% | +$8.57M |
|
|
XYZ
578
PUT
Block Inc
XYZ
$49B
| $16.3M | 0.01% |
2,500
| – | – |
|
579
Gaming and Leisure Properties
GLPI
$12.7B
| $16.2M | 0.01% |
362,002
+360,216
| +20,169% | +$16M |
|
580
Fair Isaac
FICO
$23.1B
| $16.1M | 0.01% |
9,547
+1,210
| +15% | +$2.08M |
|
581
iShares Russell 2000 ETF
IWM
$82.4B
| $16.1M | 0.01% |
65,557
+11,874
| +22% | +$2.92M |
|
582
PUT
Suncor Energy
SU
$76B
| $16M | 0.01% |
3,605
-205
| -5% | -$8.66K |
|
583
American International
AIG
$39.8B
| $15.9M | 0.01% |
186,257
-156,972
| -46% | -$12.6M |
|
584
TotalEnergies
TTE
$193B
| $15.9M | 0.01% |
232,351
+164,077
| +240% | +$10.4M |
|
585
United Airlines
UAL
$41.3B
| $15.9M | 0.01% |
141,940
+44,435
| +46% | +$4.49M |
|
586
PPG Industries
PPG
$25.5B
| $15.8M | 0.01% |
154,682
+78,807
| +104% | +$7.92M |
|
587
CALL
Deere & Co
DE
$166B
| $15.8M | 0.01% |
340
+90
| +36% | +$42.2K |
|
588
WEC Energy
WEC
$35.9B
| $15.7M | 0.01% |
148,906
-18,060
| -11% | -$2M |
|
589
CALL
Bristol-Myers Squibb
BMY
$132B
| $15.5M | 0.01% |
+2,885
| New | +$139K |
|
590
Hubbell
HUBB
$26.9B
| $15.4M | 0.01% |
34,576
+20,701
| +149% | +$9.07M |
|
|
591
CALL
Brookfield
BN
$109B
| $15.4M | 0.01% |
3,183
-2,744
| -46% | -$125K |
|
592
Expeditors International
EXPD
$24.2B
| $15.3M | 0.01% |
102,499
+54,391
| +113% | +$7.4M |
|
593
PUT
CRISPR Therapeutics
CRSP
$5.2B
| $15.2M | 0.01% |
2,890
-1,735
| -38% | -$104K |
|
594
CALL
Shopify
SHOP
$200B
| $15M | 0.01% |
934
+760
| +437% | +$122K |
|
595
Edison International
EIX
$26.8B
| $15M | 0.01% |
250,288
+5,606
| +2% | +$322K |
|
596
Leidos
LDOS
$17.8B
| $15M | 0.01% |
83,137
+34,073
| +69% | +$6.46M |
|
597
Vermilion Energy
VET
$1.7B
| $15M | 0.01% |
1,801,456
-111,697
| -6% | -$922K |
|
598
Eldorado Gold
EGO
$10B
| $15M | 0.01% |
416,402
-241,889
| -37% | -$7.24M |
|
|
CGAU
599
Centerra Gold
CGAU
$4.12B
| $14.9M | 0.01% |
1,034,847
+565,045
| +120% | +$7.07M |
|
600
Tractor Supply
TSCO
$18.6B
| $14.8M | 0.01% |
295,571
+155,516
| +111% | +$8.38M |
|
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VAM
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.