We are live on
!
Find out more
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 | |
|---|---|---|---|---|---|---|
601
New Oriental
EDU
$8.33B
| $14.8M | 0.01% |
268,400
-647,900
| -71% | -$35.5M |
|
602
iShares Core MSCI Emerging Markets ETF
IEMG
$159B
| $14.8M | 0.01% |
219,578
+11,032
| +5% | +$740K |
|
603
United Parks & Resorts
PRKS
$2.04B
| $14.7M | 0.01% |
405,000
| – | – |
|
604
Lennar Class A
LEN
$21.1B
| $14.6M | 0.01% |
142,115
-314
| -0.2% | -$37.9K |
|
605
Brixmor Property Group
BRX
$9.21B
| $14.6M | 0.01% |
+556,430
| New | +$14.7M |
|
606
CALL
BCE
BCE
$21.7B
| $14.5M | 0.01% |
6,065
-1,911
| -24% | -$44.5K |
|
607
Delta Air Lines
DAL
$60B
| $14.4M | 0.01% |
207,468
-142,694
| -41% | -$8.92M |
|
608
Atmos Energy
ATO
$28.7B
| $14.4M | 0.01% |
85,764
+44,867
| +110% | +$7.76M |
|
|
SPYM
609
State Street SPDR Portfolio S&P 500 ETF
SPYM
$170B
| $14.4M | 0.01% |
179,049
-31,728
| -15% | -$2.52M |
|
610
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$48.3B
| $14.3M | 0.01% |
29,852
+12
| +0% | +$5.68K |
|
611
Kimco Realty
KIM
$16.4B
| $14.3M | 0.01% |
704,562
+224,695
| +47% | +$4.67M |
|
612
W.R. Berkley
WRB
$26.2B
| $14.2M | 0.01% |
202,560
-48,622
| -19% | -$3.58M |
|
613
CALL
Canadian National Railway
CNI
$77.2B
| $14.2M | 0.01% |
1,436
-1,683
| -54% | -$162K |
|
614
Equity Residential
EQR
$24.7B
| $14.2M | 0.01% |
225,185
+10,248
| +5% | +$629K |
|
615
PUT
Lucid Motors
LCID
$2.54B
| $14.2M | 0.01% |
13,406
+6,419
| +92% | +$103K |
|
616
CALL
Cenovus Energy
CVE
$56.4B
| $14.1M | 0.01% |
8,354
-2,374
| -22% | -$41.2K |
|
617
iShares US Technology ETF
IYW
$25.7B
| $14.1M | 0.01% |
70,740
+205
| +0.3% | +$41K |
|
618
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.79B
| $14.1M | 0.01% |
546,209
-308,882
| -36% | -$7.9M |
|
619
Raymond James Financial
RJF
$34.8B
| $14.1M | 0.01% |
87,698
-16,328
| -16% | -$2.64M |
|
|
NGD
620
DELISTED
New Gold Inc
NGD
| $14M | 0.01% |
1,625,662
-2,369,654
| -59% | -$17.8M |
|
621
PUT
Scotiabank
BNS
$111B
| $14M | 0.01% |
1,899
-308
| -14% | -$20.9K |
|
622
Toll Brothers
TOL
$14B
| $14M | 0.01% |
103,224
-2,074
| -2% | -$282K |
|
623
Darden Restaurants
DRI
$25.4B
| $13.9M | 0.01% |
75,687
+3,179
| +4% | +$579K |
|
624
Hartford Financial Services
HIG
$37.8B
| $13.9M | 0.01% |
100,970
-77,057
| -43% | -$10.2M |
|
625
Oneok
OKE
$58.4B
| $13.9M | 0.01% |
188,694
-416,350
| -69% | -$29.5M |
|
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.