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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 | |
|---|---|---|---|---|---|---|
1026
PUT
Polestar Automotive Holding UK
PSNY
$2B
| $2.56M | ﹤0.01% |
1,199
+1,196
| +39,867% | +$25K |
|
1027
Vanguard Morningstar Mid-Cap ETF
VO
$111B
| $2.55M | ﹤0.01% |
35,100
-588
| -2% | -$42.8K |
|
1028
Invesco Solar ETF
TAN
$1.38B
| $2.52M | ﹤0.01% |
51,292
+3,827
| +8% | +$184K |
|
1029
Franklin Resources
BEN
$17.2B
| $2.44M | ﹤0.01% |
102,010
-88,275
| -46% | -$2.03M |
|
1030
AngloGold Ashanti
AU
$48.1B
| $2.41M | ﹤0.01% |
28,225
-505,344
| -95% | -$39.4M |
|
1031
Invesco NASDAQ 100 ETF
QQQM
$104B
| $2.41M | ﹤0.01% |
9,513
-1,952
| -17% | -$493K |
|
1032
Sprott Junior Uranium Miners ETF
URNJ
$359M
| $2.39M | ﹤0.01% |
95,752
+3,150
| +3% | +$86.7K |
|
1033
Invesco Emerging Markets Sovereign Debt ETF
PCY
$1.4B
| $2.39M | ﹤0.01% |
110,206
-3,249
| -3% | -$70.7K |
|
1034
Genpact
G
$5.78B
| $2.38M | ﹤0.01% |
50,835
+3,380
| +7% | +$146K |
|
1035
iShares MSCI USA Min Vol Factor ETF
USMV
$24.6B
| $2.36M | ﹤0.01% |
25,028
+204
| +0.8% | +$19.2K |
|
1036
First Horizon
FHN
$12.3B
| $2.35M | ﹤0.01% |
98,468
-28,239
| -22% | -$630K |
|
1037
iShares MSCI Intl Momentum Factor ETF
IMTM
$4.33B
| $2.33M | ﹤0.01% |
48,492
-72,464
| -60% | -$3.47M |
|
1038
CALL
Alamos Gold
AGI
$13.8B
| $2.32M | ﹤0.01% |
602
-795
| -57% | -$27.7K |
|
1039
SoFi Technologies
SOFI
$23.8B
| $2.31M | ﹤0.01% |
88,464
+36,930
| +72% | +$1.03M |
|
1040
Campbell Soup
CPB
$6.94B
| $2.3M | ﹤0.01% |
82,547
+33,304
| +68% | +$1M |
|
1041
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$142M
| $2.27M | ﹤0.01% |
85,734
+28,111
| +49% | +$919K |
|
1042
East-West Bancorp
EWBC
$18.6B
| $2.27M | ﹤0.01% |
20,229
-6,752
| -25% | -$717K |
|
1043
Webster Financial
WBS
$12.8B
| $2.27M | ﹤0.01% |
36,041
-10,336
| -22% | -$614K |
|
1044
Schwab US TIPS ETF
SCHP
$16.2B
| $2.27M | ﹤0.01% |
85,622
-1,804
| -2% | -$48.4K |
|
1045
iShares Global Tech ETF
IXN
$9.47B
| $2.26M | ﹤0.01% |
21,543
-295
| -1% | -$31.1K |
|
1046
Vanguard Total International Stock ETF
VXUS
$164B
| $2.25M | ﹤0.01% |
29,764
+25,703
| +633% | +$1.92M |
|
1047
CALL
Kinross Gold
KGC
$31.9B
| $2.23M | ﹤0.01% |
791
-3,223
| -80% | -$83.7K |
|
|
AAUC
1048
Allied Gold Corp
AAUC
$3.19B
| $2.21M | ﹤0.01% |
97,076
-195,429
| -67% | -$3.76M |
|
1049
iShares US Financial Services ETF
IYG
$2.24B
| $2.21M | ﹤0.01% |
23,969
+499
| +2% | +$44.5K |
|
1050
CALL
Wheaton Precious Metals
WPM
$59.9B
| $2.2M | ﹤0.01% |
187
-282
| -60% | -$30.2K |
|
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.