We are live on
!
Find out more
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 | |
|---|---|---|---|---|---|---|
1076
iShares Core MSCI Europe ETF
IEUR
$9.15B
| $1.92M | ﹤0.01% |
23,210
+12,746
| +122% | +$882K |
|
1077
Lazard
LAZ
$4.24B
| $1.9M | ﹤0.01% |
39,034
+15,683
| +67% | +$783K |
|
1078
Xtrackers Semiconductor Select Equity ETF
CHPS
$110M
| $1.89M | ﹤0.01% |
+40,376
| New | +$1.81M |
|
1079
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.66B
| $1.89M | ﹤0.01% |
1,558
-40
| -3% | -$49.3K |
|
1080
VanEck Morningstar Wide Moat ETF
MOAT
$12.5B
| $1.88M | ﹤0.01% |
18,178
-283
| -2% | -$28.9K |
|
1081
Icon
ICLR
$12.9B
| $1.88M | ﹤0.01% |
10,272
-785
| -7% | -$140K |
|
1082
iShares Global Infrastructure ETF
IGF
$10.7B
| $1.87M | ﹤0.01% |
30,451
+28,822
| +1,769% | +$1.78M |
|
1083
Ferrari
RACE
$71.6B
| $1.87M | ﹤0.01% |
5,046
-13,994
| -73% | -$5.6M |
|
1084
iShares ESG Aware MSCI EAFE ETF
ESGD
$12.3B
| $1.86M | ﹤0.01% |
19,580
-60
| -0.3% | -$5.66K |
|
1085
Service Corp International
SCI
$11.5B
| $1.86M | ﹤0.01% |
23,811
-1,603
| -6% | -$128K |
|
1086
iShares Core 1-5 Year USD Bond ETF
ISTB
$5.14B
| $1.85M | ﹤0.01% |
37,944
+23,270
| +159% | +$1.14M |
|
1087
iShares Russell 1000 Growth ETF
IWF
$129B
| $1.85M | ﹤0.01% |
15,604
-604
| -4% | -$71.5K |
|
1088
Aramark
ARMK
$16.1B
| $1.84M | ﹤0.01% |
+49,928
| New | +$1.9M |
|
1089
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.6B
| $1.84M | ﹤0.01% |
23,736
+3,546
| +18% | +$272K |
|
1090
CALL
TFI International
TFII
$12B
| $1.84M | ﹤0.01% |
178
+99
| +125% | +$9.21K |
|
1091
iShares MSCI Brazil ETF
EWZ
$8.55B
| $1.84M | ﹤0.01% |
57,779
-5,140
| -8% | -$163K |
|
1092
CALL
Newmont
NEM
$120B
| $1.82M | ﹤0.01% |
250
-191
| -43% | -$17.3K |
|
|
TSI
1093
TCW Strategic Income Fund
TSI
$214M
| $1.78M | ﹤0.01% |
+360,738
| New | +$1.78M |
|
1094
Kinsale Capital Group
KNSL
$8.51B
| $1.78M | ﹤0.01% |
4,546
-3,525
| -44% | -$1.44M |
|
1095
PUT
Nokia
NOK
$59B
| $1.77M | ﹤0.01% |
+2,736
| New | +$17K |
|
1096
PUT
Kinross Gold
KGC
$32.6B
| $1.76M | ﹤0.01% |
624
-151
| -19% | -$3.92K |
|
|
Q
1097
Qnity Electronics Inc
Q
$29.7B
| $1.74M | ﹤0.01% |
+21,350
| New | +$1.81M |
|
1098
VEON
VEON
$3.92B
| $1.73M | ﹤0.01% |
33,000
| – | – |
|
|
1099
PUT
Brookfield
BN
$110B
| $1.71M | ﹤0.01% |
342
+85
| +33% | +$3.88K |
|
1100
Opendoor
OPEN
$3.54B
| $1.7M | ﹤0.01% |
292,054
+289,482
| +11,255% | +$2.07M |
|
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.