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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 | |
|---|---|---|---|---|---|---|
701
CALL
Teck Resources
TECK
$31.3B
| $11M | 0.01% |
2,290
+1,398
| +157% | +$60.6K |
|
702
CenterPoint Energy
CNP
$26.7B
| $10.9M | 0.01% |
283,389
+113,529
| +67% | +$4.43M |
|
|
HOLX
703
DELISTED
Hologic
HOLX
| $10.8M | 0.01% |
144,810
+7,203
| +5% | +$526K |
|
704
State Street Industrial Select Sector SPDR ETF
XLI
$34.7B
| $10.8M | 0.01% |
69,492
+1,908
| +3% | +$294K |
|
705
Brown & Brown
BRO
$24B
| $10.7M | 0.01% |
134,725
-48,959
| -27% | -$4.08M |
|
706
Dick's Sporting Goods
DKS
$18.1B
| $10.7M | 0.01% |
54,039
+67
| +0.1% | +$14.6K |
|
707
KT
KT
$9.03B
| $10.6M | 0.01% |
560,518
+13,647
| +2% | +$255K |
|
|
SW
708
Smurfit Westrock
SW
$26.2B
| $10.6M | 0.01% |
273,993
+195,462
| +249% | +$7.45M |
|
709
Mid-America Apartment Communities
MAA
$15.6B
| $10.6M | 0.01% |
76,170
+3,364
| +5% | +$448K |
|
710
Constellation Brands
STZ
$23.3B
| $10.6M | 0.01% |
76,584
+34,552
| +82% | +$4.74M |
|
711
CALL
CRISPR Therapeutics
CRSP
$5.22B
| $10.6M | 0.01% |
2,012
-2,295
| -53% | -$137K |
|
712
Zscaler
ZS
$30.4B
| $10.5M | 0.01% |
46,601
+10,901
| +31% | +$3.08M |
|
713
Bunge Global
BG
$21.7B
| $10.4M | 0.01% |
116,667
+41,845
| +56% | +$3.86M |
|
714
PUT
SPDR Gold Trust
GLD
$142B
| $10.4M | 0.01% |
262
+50
| +24% | +$19.1K |
|
715
Ciena
CIEN
$62.7B
| $10.3M | 0.01% |
44,288
-6,653
| -13% | -$1.29M |
|
716
Regions Financial
RF
$27B
| $10.3M | 0.01% |
379,820
+51,048
| +16% | +$1.3M |
|
717
Packaging Corp of America
PKG
$22.9B
| $10.3M | 0.01% |
49,733
+18,874
| +61% | +$3.84M |
|
718
Synchrony
SYF
$26.1B
| $10.2M | 0.01% |
122,853
-107,320
| -47% | -$8.2M |
|
719
Rollins
ROL
$17.4B
| $10.2M | 0.01% |
170,310
+67,449
| +66% | +$3.96M |
|
720
Invitation Homes
INVH
$18B
| $10.2M | 0.01% |
366,797
+17,953
| +5% | +$501K |
|
721
PUT
Capricor Therapeutics
CAPR
$244M
| $10.2M | 0.01% |
3,519
-458
| -12% | -$5.98K |
|
722
Williams-Sonoma
WSM
$28.5B
| $10.1M | 0.01% |
56,406
+13,941
| +33% | +$2.61M |
|
723
JB Hunt Transport Services
JBHT
$26.5B
| $10M | 0.01% |
51,594
+10,233
| +25% | +$1.76M |
|
724
Corpay
CPAY
$27.9B
| $10M | 0.01% |
33,294
+8,868
| +36% | +$2.57M |
|
725
Live Nation Entertainment
LYV
$43.3B
| $9.97M | 0.01% |
69,969
+17,253
| +33% | +$2.48M |
|
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.