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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 | |
|---|---|---|---|---|---|---|
926
Henry Schein
HSIC
$10B
| $3.83M | ﹤0.01% |
50,734
+23,095
| +84% | +$1.63M |
|
927
Energy Fuels
UUUU
$3.64B
| $3.82M | ﹤0.01% |
264,207
+99,368
| +60% | +$1.69M |
|
928
United Therapeutics
UTHR
$21.5B
| $3.82M | ﹤0.01% |
7,832
+7,552
| +2,697% | +$3.52M |
|
929
AST SpaceMobile
ASTS
$21.4B
| $3.81M | ﹤0.01% |
52,467
-61,661
| -54% | -$4.4M |
|
930
VanEck Semiconductor ETF
SMH
$72.5B
| $3.81M | ﹤0.01% |
10,573
+373
| +4% | +$131K |
|
931
Bio-Techne
TECH
$11.2B
| $3.8M | ﹤0.01% |
64,625
-31,183
| -33% | -$1.89M |
|
932
PUT
Teck Resources
TECK
$31.3B
| $3.79M | ﹤0.01% |
792
-174
| -18% | -$7.54K |
|
933
PUT
Applied Digital
APLD
$8.81B
| $3.79M | ﹤0.01% |
1,546
-1,010
| -40% | -$29.1K |
|
934
DigitalBridge
DBRG
$2.94B
| $3.78M | ﹤0.01% |
246,611
+1,376
| +0.6% | +$16.5K |
|
935
iShares US Healthcare ETF
IYH
$3.77B
| $3.75M | ﹤0.01% |
57,560
-3,785
| -6% | -$239K |
|
936
Lamb Weston
LW
$7.39B
| $3.71M | ﹤0.01% |
88,548
+42,429
| +92% | +$2.5M |
|
937
Vanguard FTSE All-World ex-US ETF
VEU
$70.6B
| $3.7M | ﹤0.01% |
50,364
-531,506
| -91% | -$38.7M |
|
938
National Grid
NGG
$81.6B
| $3.69M | ﹤0.01% |
47,656
+6,191
| +15% | +$466K |
|
|
SA
939
Seabridge Gold
SA
$3.46B
| $3.67M | ﹤0.01% |
124,168
-159,470
| -56% | -$4.19M |
|
940
Ryder
R
$10.1B
| $3.65M | ﹤0.01% |
+19,094
| New | +$3.43M |
|
941
Paycom
PAYC
$10.1B
| $3.63M | ﹤0.01% |
22,784
-12,912
| -36% | -$2.29M |
|
942
Snowflake
SNOW
$117B
| $3.61M | ﹤0.01% |
16,469
+3,131
| +23% | +$764K |
|
943
VanEck Environmental Services ETF
EVX
$102M
| $3.58M | ﹤0.01% |
93,745
-2,146
| -2% | -$82.1K |
|
944
Recursion Pharmaceuticals
RXRX
$1.78B
| $3.58M | ﹤0.01% |
875,574
+870,484
| +17,102% | +$4.31M |
|
945
CALL
Thomson Reuters
TRI
$46B
| $3.58M | ﹤0.01% |
267
-461
| -63% | -$66.8K |
|
|
946
PUT
Recursion Pharmaceuticals
RXRX
$1.78B
| $3.57M | ﹤0.01% |
8,740
-1,216
| -12% | -$6.02K |
|
947
Spotify
SPOT
$102B
| $3.57M | ﹤0.01% |
6,156
-8,689
| -59% | -$5.43M |
|
948
Schwab Fundamental International Large Company Index ETF
FNDF
$25.8B
| $3.56M | ﹤0.01% |
78,673
+53,673
| +215% | +$2.38M |
|
949
Invesco S&P 500 Equal Weight Health Care ETF
RSPH
$796M
| $3.53M | ﹤0.01% |
110,850
+2,058
| +2% | +$64K |
|
950
Pacer US Small Cap Cash Cows 100 ETF
CALF
$3.9B
| $3.49M | ﹤0.01% |
78,736
+3,962
| +5% | +$174K |
|
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.