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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 | |
|---|---|---|---|---|---|---|
751
PUT
Nutrien
NTR
$32.2B
| $8.63M | 0.01% |
1,399
-441
| -24% | -$26K |
|
752
Aptiv
APTV
$10.2B
| $8.63M | 0.01% |
113,408
+5,559
| +5% | +$446K |
|
753
AvalonBay Communities
AVB
$26.3B
| $8.55M | 0.01% |
47,147
+9,169
| +24% | +$1.66M |
|
754
CF Industries
CF
$17.7B
| $8.53M | 0.01% |
110,309
+26,127
| +31% | +$2.15M |
|
755
AES
AES
$10.5B
| $8.48M | 0.01% |
591,445
+131,388
| +29% | +$1.85M |
|
756
Masco
MAS
$14.7B
| $8.46M | 0.01% |
133,340
+1,590
| +1% | +$103K |
|
757
IDEX
IEX
$17.6B
| $8.45M | 0.01% |
47,497
+455
| +1% | +$77.7K |
|
758
Builders FirstSource
BLDR
$7.91B
| $8.38M | 0.01% |
81,461
+11,840
| +17% | +$1.33M |
|
|
ORLA
759
DELISTED
Orla Mining
ORLA
| $8.33M | 0.01% |
627,292
+42,505
| +7% | +$516K |
|
760
Willis Towers Watson
WTW
$31B
| $8.25M | 0.01% |
25,123
+5,424
| +28% | +$1.78M |
|
761
Huntington Ingalls Industries
HII
$12.8B
| $8.23M | 0.01% |
24,199
+11,338
| +88% | +$3.52M |
|
762
Texas Pacific Land
TPL
$23.9B
| $8.19M | 0.01% |
28,527
+9,303
| +48% | +$2.84M |
|
763
Clorox
CLX
$12.9B
| $8.08M | 0.01% |
80,184
+16,517
| +26% | +$1.79M |
|
764
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.6B
| $8.05M | 0.01% |
149,358
-148,882
| -50% | -$8.05M |
|
765
Zebra Technologies
ZBRA
$18B
| $8.04M | 0.01% |
33,131
+1,410
| +4% | +$377K |
|
766
CALL
Telus
TU
$15.2B
| $8.01M | 0.01% |
6,081
+742
| +14% | +$10.4K |
|
767
Universal Health Services
UHS
$10.1B
| $8M | 0.01% |
36,710
+937
| +3% | +$207K |
|
768
Akamai
AKAM
$18B
| $7.97M | 0.01% |
91,328
+15,771
| +21% | +$1.3M |
|
769
Evergy
EVRG
$19.3B
| $7.9M | 0.01% |
108,425
+39,593
| +58% | +$3M |
|
770
CALL
Merck
MRK
$334B
| $7.89M | 0.01% |
+750
| New | +$70.4K |
|
771
Everest Group
EG
$14B
| $7.88M | 0.01% |
23,216
-2,971
| -11% | -$981K |
|
772
Weyerhaeuser
WY
$17.9B
| $7.75M | 0.01% |
326,981
+20,596
| +7% | +$476K |
|
773
SAP
SAP
$242B
| $7.73M | 0.01% |
31,846
-899
| -3% | -$229K |
|
774
BigBear.ai
BBAI
$1.6B
| $7.72M | 0.01% |
1,429,827
+1,414,631
| +9,309% | +$9.24M |
|
775
SSR Mining
SSRM
$6.49B
| $7.67M | 0.01% |
350,910
-284,510
| -45% | -$6.33M |
|
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.