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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 | |
|---|---|---|---|---|---|---|
1001
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23.4B
| $2.81M | ﹤0.01% |
+53,126
| New | +$2.81M |
|
1002
CRISPR Therapeutics
CRSP
$5.22B
| $2.81M | ﹤0.01% |
53,525
+43,704
| +445% | +$2.62M |
|
1003
RLI Corp
RLI
$5.87B
| $2.8M | ﹤0.01% |
43,825
+1,160
| +3% | +$72.9K |
|
|
NNE
1004
CALL
Nano Nuclear Energy
NNE
$1.1B
| $2.8M | ﹤0.01% |
+1,168
| New | +$44.7K |
|
|
NNE
1005
PUT
Nano Nuclear Energy
NNE
$1.1B
| $2.8M | ﹤0.01% |
+1,168
| New | +$44.7K |
|
1006
First Citizens BancShares
FCNCA
$25.6B
| $2.76M | ﹤0.01% |
1,284
-238
| -16% | -$449K |
|
1007
CALL
Brookfield Asset Management
BAM
$89.2B
| $2.72M | ﹤0.01% |
520
+133
| +34% | +$7.15K |
|
|
FYBR
1008
DELISTED
Frontier Communications
FYBR
| $2.71M | ﹤0.01% |
+71,258
| New | +$2.69M |
|
1009
Nokia
NOK
$59B
| $2.7M | ﹤0.01% |
418,323
+352,653
| +537% | +$2.19M |
|
1010
State Street Energy Select Sector SPDR ETF
XLE
$39.9B
| $2.7M | ﹤0.01% |
60,386
-6,250
| -9% | -$278K |
|
1011
Southern Copper
SCCO
$158B
| $2.69M | ﹤0.01% |
19,347
+18,636
| +2,621% | +$2.44M |
|
1012
iShares MSCI Emerging Markets Asia ETF
EEMA
$871M
| $2.69M | ﹤0.01% |
28,619
-9,470
| -25% | -$886K |
|
1013
iShares Expanded Tech Sector ETF
IGM
$10.9B
| $2.68M | ﹤0.01% |
20,773
+686
| +3% | +$88.8K |
|
|
AXIA
1014
DELISTED
AXIA Energia
AXIA
| $2.68M | ﹤0.01% |
+292,952
| New | +$2.53M |
|
1015
Vipshop
VIPS
$6.8B
| $2.68M | ﹤0.01% |
151,500
-2,173,900
| -93% | -$41.8M |
|
|
DOCU
1016
DocuSign
DOCU
$12.2B
| $2.67M | ﹤0.01% |
39,015
+35,526
| +1,018% | +$2.46M |
|
1017
PUT
D-Wave Quantum Inc. Common Stock
QBTS
$7.78B
| $2.67M | ﹤0.01% |
1,020
| – | – |
|
1018
iShares Core S&P Mid-Cap ETF
IJH
$128B
| $2.66M | ﹤0.01% |
40,277
-71,113
| -64% | -$4.66M |
|
1019
Triple Flag Precious Metals
TFPM
$6.45B
| $2.62M | ﹤0.01% |
80,393
+43,187
| +116% | +$1.35M |
|
1020
MSC Industrial Direct
MSM
$6.77B
| $2.6M | ﹤0.01% |
30,965
+29,406
| +1,886% | +$2.55M |
|
1021
Allison Transmission
ALSN
$10.2B
| $2.6M | ﹤0.01% |
26,557
+2,195
| +9% | +$192K |
|
1022
HDFC Bank
HDB
$119B
| $2.6M | ﹤0.01% |
71,071
-469,527
| -87% | -$16.9M |
|
1023
CALL
Pan American Silver
PAAS
$19.9B
| $2.59M | ﹤0.01% |
499
+232
| +87% | +$9.71K |
|
|
STRK
1024
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock
STRK
$489M
| $2.58M | ﹤0.01% |
32,724
+8,965
| +38% | +$772K |
|
1025
Cloudflare
NET
$118B
| $2.57M | ﹤0.01% |
13,040
-131,178
| -91% | -$27.7M |
|
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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.