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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 | |
|---|---|---|---|---|---|---|
851
iShares 7-10 Year Treasury Bond ETF
IEF
$47.3B
| $5.79M | 0.01% |
60,222
+38,310
| +175% | +$3.71M |
|
|
ARIS
852
Aris Mining
ARIS
$3.59B
| $5.62M | 0.01% |
347,617
+113,086
| +48% | +$1.39M |
|
853
PUT
Teva Pharmaceuticals
TEVA
$42.6B
| $5.62M | 0.01% |
1,800
| – | – |
|
854
iShares Core S&P Small-Cap ETF
IJR
$113B
| $5.56M | 0.01% |
46,299
+1,786
| +4% | +$214K |
|
855
Healthpeak Properties
DOC
$14.3B
| $5.52M | 0.01% |
342,865
-92,318
| -21% | -$1.63M |
|
856
APA Corp
APA
$14B
| $5.51M | 0.01% |
225,116
+110,400
| +96% | +$2.67M |
|
857
NexGen Energy
NXE
$6.97B
| $5.47M | 0.01% |
595,369
+65,499
| +12% | +$578K |
|
858
Medpace
MEDP
$16.2B
| $5.46M | 0.01% |
+9,723
| New | +$5.52M |
|
859
Charles River Laboratories
CRL
$13.4B
| $5.42M | ﹤0.01% |
27,146
-919,623
| -97% | -$167M |
|
860
Owens Corning
OC
$12.3B
| $5.29M | ﹤0.01% |
47,275
+16,053
| +51% | +$1.88M |
|
861
Ero Copper
ERO
$3.58B
| $5.25M | ﹤0.01% |
186,027
+94,552
| +103% | +$2.2M |
|
862
ROBO Global Robotics & Automation Index ETF
ROBO
$2.13B
| $5.2M | ﹤0.01% |
75,161
-9,620
| -11% | -$658K |
|
863
Global X US Infrastructure Development ETF
PAVE
$14.3B
| $5.19M | ﹤0.01% |
108,502
+1,476
| +1% | +$70.8K |
|
864
PUT
Sigma Lithium
SGML
$1.27B
| $5.18M | ﹤0.01% |
+3,930
| New | +$33.9K |
|
865
iShares TIPS Bond ETF
TIP
$14.7B
| $5.13M | ﹤0.01% |
46,709
+30,690
| +192% | +$3.4M |
|
866
Vertiv
VRT
$111B
| $5.1M | ﹤0.01% |
31,514
+2,184
| +7% | +$379K |
|
867
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.38B
| $5.06M | ﹤0.01% |
42,641
+7,059
| +20% | +$844K |
|
868
The Mosaic Company
MOS
$6.92B
| $5M | ﹤0.01% |
207,609
-15,998
| -7% | -$431K |
|
869
Fortuna Silver Mines
FSM
$3.1B
| $4.96M | ﹤0.01% |
506,332
-689,199
| -58% | -$6.2M |
|
870
DaVita
DVA
$11.4B
| $4.94M | ﹤0.01% |
43,470
+15,350
| +55% | +$1.87M |
|
871
StepStone Group
STEP
$4.28B
| $4.92M | ﹤0.01% |
76,715
+5,552
| +8% | +$351K |
|
872
A.O. Smith
AOS
$8.49B
| $4.86M | ﹤0.01% |
72,600
+2,804
| +4% | +$189K |
|
873
iShares China Large-Cap ETF
FXI
$4.16B
| $4.85M | ﹤0.01% |
126,598
+19,035
| +18% | +$755K |
|
874
Alexandria Real Estate Equities
ARE
$8.33B
| $4.83M | ﹤0.01% |
98,778
+57,934
| +142% | +$3.41M |
|
875
Sarepta Therapeutics
SRPT
$1.95B
| $4.82M | ﹤0.01% |
223,884
+223,644
| +93,185% | +$4.71M |
|
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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.