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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 | |
|---|---|---|---|---|---|---|
|
SUNC
1101
SunocoCorp LLC
SUNC
$3.89B
| $1.69M | ﹤0.01% |
+34,349
| New | +$1.73M |
|
1102
State Street Utilities Select Sector SPDR ETF
XLU
$22.9B
| $1.66M | ﹤0.01% |
38,908
+4,466
| +13% | +$198K |
|
1103
Astera Labs
ALAB
$56B
| $1.66M | ﹤0.01% |
9,976
+9,774
| +4,839% | +$1.64M |
|
1104
iShares MSCI KLD 400 Social ETF
DSI
$5.58B
| $1.66M | ﹤0.01% |
12,871
-331
| -3% | -$42.3K |
|
1105
iShares Global Consumer Staples ETF
KXI
$1.07B
| $1.65M | ﹤0.01% |
25,569
+718
| +3% | +$46.5K |
|
1106
WisdomTree Japan Hedged Equity Fund
DXJ
$7.55B
| $1.65M | ﹤0.01% |
11,436
-228
| -2% | -$31.3K |
|
1107
BioMarin Pharmaceuticals
BMRN
$13.6B
| $1.64M | ﹤0.01% |
27,600
+26,311
| +2,041% | +$1.43M |
|
1108
CALL
Franco-Nevada
FNV
$45.5B
| $1.64M | ﹤0.01% |
79
-99
| -56% | -$20.1K |
|
1109
PUT
SEALSQ Corp
LAES
$633M
| $1.63M | ﹤0.01% |
4,316
-5,390
| -56% | -$27.5K |
|
1110
Eagle Materials
EXP
$6.47B
| $1.63M | ﹤0.01% |
7,879
+4,563
| +138% | +$1.01M |
|
1111
CALL
West Fraser Timber
WFG
$5.5B
| $1.63M | ﹤0.01% |
266
-83
| -24% | -$5.19K |
|
1112
BGC Group
BGC
$5.12B
| $1.61M | ﹤0.01% |
181,107
+11,476
| +7% | +$103K |
|
1113
Vanguard Total Corporate Bond ETF
VTC
$1.71B
| $1.61M | ﹤0.01% |
20,786
| – | – |
|
1114
PUT
Shopify
SHOP
$204B
| $1.61M | ﹤0.01% |
100
-172
| -63% | -$27.6K |
|
1115
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| $1.59M | ﹤0.01% |
19,674
-933
| -5% | -$75.2K |
|
|
CRWV
1116
CoreWeave
CRWV
$58.6B
| $1.58M | ﹤0.01% |
22,068
+6,934
| +46% | +$703K |
|
1117
CALL
Magna International
MGA
$18.6B
| $1.58M | ﹤0.01% |
296
+108
| +57% | +$5.28K |
|
1118
Griffon
GFF
$4.75B
| $1.57M | ﹤0.01% |
21,360
+1,625
| +8% | +$121K |
|
1119
iShares Core Conservative Allocation ETF
AOK
$795M
| $1.57M | ﹤0.01% |
38,921
-2,870
| -7% | -$116K |
|
1120
Ovintiv
OVV
$17.5B
| $1.55M | ﹤0.01% |
29,260
+9,433
| +48% | +$366K |
|
1121
Invesco S&P 500 Equal Weight Financials ETF
RSPF
$313M
| $1.55M | ﹤0.01% |
19,822
+123
| +0.6% | +$9.41K |
|
1122
Vanguard FTSE Pacific ETF
VPL
$8.65B
| $1.54M | ﹤0.01% |
+17,044
| New | +$1.54M |
|
|
SOBO
1123
PUT
South Bow Corp
SOBO
$7.64B
| $1.54M | ﹤0.01% |
559
+27
| +5% | +$733 |
|
1124
monday.com
MNDY
$3.99B
| $1.53M | ﹤0.01% |
10,358
+65
| +0.6% | +$10.9K |
|
1125
PUT
Fortis
FTS
$28.7B
| $1.51M | ﹤0.01% |
291
-25
| -8% | -$1.28K |
|
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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.