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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 | |
|---|---|---|---|---|---|---|
626
Trade Desk
TTD
$6.84B
| $13.8M | 0.01% |
364,294
-138,482
| -28% | -$6.14M |
|
627
Sanofi
SNY
$105B
| $13.8M | 0.01% |
285,296
-25,110
| -8% | -$1.24M |
|
628
Aecom
ACM
$8.19B
| $13.8M | 0.01% |
144,555
+142,540
| +7,074% | +$16.8M |
|
629
General Mills
GIS
$20.8B
| $13.7M | 0.01% |
295,300
+136,666
| +86% | +$6.5M |
|
630
Atlassian
TEAM
$42.1B
| $13.7M | 0.01% |
84,626
+19,126
| +29% | +$3M |
|
631
State Street Health Care Select Sector SPDR ETF
XLV
$44B
| $13.7M | 0.01% |
88,578
-128,194
| -59% | -$19.2M |
|
632
CALL
AbbVie
ABBV
$443B
| $13.7M | 0.01% |
600
-395
| -40% | -$90K |
|
633
Cboe Global Markets
CBOE
$30.6B
| $13.7M | 0.01% |
54,590
-16,690
| -23% | -$4.15M |
|
634
Invesco Senior Loan ETF
BKLN
$6.76B
| $13.6M | 0.01% |
649,038
+105,560
| +19% | +$2.21M |
|
635
PTC
PTC
$16.7B
| $13.6M | 0.01% |
77,937
+19,565
| +34% | +$3.64M |
|
636
CALL
Rogers Communications
RCI
$19.7B
| $13.6M | 0.01% |
3,593
+215
| +6% | +$8.06K |
|
637
VeriSign
VRSN
$26B
| $13.5M | 0.01% |
55,601
+6,904
| +14% | +$1.73M |
|
638
NVR
NVR
$17B
| $13.4M | 0.01% |
1,841
+73
| +4% | +$546K |
|
639
SBA Communications
SBAC
$19.8B
| $13.4M | 0.01% |
69,328
+2,904
| +4% | +$561K |
|
640
GoDaddy
GDDY
$12.7B
| $13.4M | 0.01% |
107,738
+22,071
| +26% | +$2.86M |
|
|
GRP.U
641
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $13.3M | 0.01% |
225,133
+107,072
| +91% | +$6M |
|
642
Teledyne Technologies
TDY
$31.2B
| $13.3M | 0.01% |
26,129
+1,543
| +6% | +$813K |
|
643
Shell
SHEL
$248B
| $13.3M | 0.01% |
180,723
+19,820
| +12% | +$1.46M |
|
644
West Pharmaceutical
WST
$24.4B
| $13.1M | 0.01% |
47,740
+2,437
| +5% | +$667K |
|
645
Church & Dwight Co
CHD
$24B
| $13.1M | 0.01% |
156,209
+133,757
| +596% | +$11.4M |
|
|
BGSI
646
Boyd Group Services
BGSI
$2.56B
| $13M | 0.01% |
+82,121
| New | +$13.2M |
|
647
Interactive Brokers
IBKR
$41.4B
| $13M | 0.01% |
202,198
-105,164
| -34% | -$7.04M |
|
648
Dover
DOV
$27.8B
| $13M | 0.01% |
66,602
-25,053
| -27% | -$4.56M |
|
649
Insulet
PODD
$10.2B
| $13M | 0.01% |
45,746
+2,206
| +5% | +$690K |
|
650
Occidental Petroleum
OXY
$57.7B
| $13M | 0.01% |
315,596
+80,602
| +34% | +$3.36M |
|
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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.