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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 | |
|---|---|---|---|---|---|---|
876
MGM Resorts International
MGM
$11.1B
| $4.79M | ﹤0.01% |
131,360
+5,012
| +4% | +$170K |
|
877
TKO Group
TKO
$14.6B
| $4.79M | ﹤0.01% |
22,915
+3,652
| +19% | +$710K |
|
878
Stanley Black & Decker
SWK
$15.4B
| $4.79M | ﹤0.01% |
64,470
-31,665
| -33% | -$2.23M |
|
|
TGB
879
Trekor Metals
TGB
$3.08B
| $4.79M | ﹤0.01% |
846,271
+787,631
| +1,343% | +$3.71M |
|
880
Vanguard Health Care ETF
VHT
$19B
| $4.77M | ﹤0.01% |
16,595
+1,670
| +11% | +$467K |
|
881
Best Buy
BBY
$18B
| $4.76M | ﹤0.01% |
71,172
-57,476
| -45% | -$4.39M |
|
882
EPAM Systems
EPAM
$5.24B
| $4.72M | ﹤0.01% |
23,059
-10,958
| -32% | -$1.95M |
|
883
CALL
Imperial Oil
IMO
$64B
| $4.66M | ﹤0.01% |
539
-900
| -63% | -$81.9K |
|
884
Molina Healthcare
MOH
$10.7B
| $4.62M | ﹤0.01% |
26,618
+14,105
| +113% | +$2.32M |
|
885
PUT
Beyond Meat
BYND
$210M
| $4.59M | ﹤0.01% |
56,025
+46,907
| +514% | +$65.2K |
|
886
Conagra Brands
CAG
$7.39B
| $4.58M | ﹤0.01% |
264,485
+878
| +0.3% | +$15.6K |
|
887
Invesco S&P 500 Quality ETF
SPHQ
$20.1B
| $4.57M | ﹤0.01% |
60,960
-11,179
| -15% | -$830K |
|
888
JetBlue
JBLU
$2.19B
| $4.55M | ﹤0.01% |
1,000,428
-23
| -0% | -$105 |
|
889
Baxter International
BAX
$14B
| $4.54M | ﹤0.01% |
237,743
+98,150
| +70% | +$1.96M |
|
890
UDR
UDR
$12.2B
| $4.54M | ﹤0.01% |
123,858
-62,410
| -34% | -$2.22M |
|
891
Manhattan Associates
MANH
$11.7B
| $4.54M | ﹤0.01% |
+26,168
| New | +$4.78M |
|
892
State Street SPDR S&P Biotech ETF
XBI
$10.3B
| $4.53M | ﹤0.01% |
37,124
-1,035
| -3% | -$119K |
|
893
British American Tobacco
BTI
$124B
| $4.5M | ﹤0.01% |
79,493
+3,463
| +5% | +$189K |
|
|
894
Beyond Meat
BYND
$210M
| $4.46M | ﹤0.01% |
5,440,966
+5,079,958
| +1,407% | +$7.06M |
|
895
Pinnacle West Capital
PNW
$12.2B
| $4.45M | ﹤0.01% |
50,199
+19,239
| +62% | +$1.72M |
|
896
Sigma Lithium
SGML
$1.27B
| $4.44M | ﹤0.01% |
+336,600
| New | +$2.9M |
|
897
Invesco FTSE RAFI Emerging Markets ETF
PXH
$1.96B
| $4.43M | ﹤0.01% |
+171,847
| New | +$4.43M |
|
898
Fabrinet
FN
$20.3B
| $4.43M | ﹤0.01% |
+9,731
| New | +$4.23M |
|
899
iShares MSCI Canada ETF
EWC
$6.55B
| $4.42M | ﹤0.01% |
82,033
+40,751
| +99% | +$2.11M |
|
900
Boston Properties
BXP
$11B
| $4.32M | ﹤0.01% |
63,947
+26,344
| +70% | +$1.87M |
|
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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.