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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 | |
|---|---|---|---|---|---|---|
1151
iMGP DBi Managed Futures Strategy ETF
DBMF
$4.2B
| $1.27M | ﹤0.01% |
45,288
+2,894
| +7% | +$82.6K |
|
1152
NewMarket
NEU
$8.72B
| $1.27M | ﹤0.01% |
+1,843
| New | +$1.41M |
|
1153
WisdomTree Floating Rate Treasury Fund
USFR
$18.4B
| $1.26M | ﹤0.01% |
24,981
-998
| -4% | -$50.2K |
|
1154
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.8B
| $1.25M | ﹤0.01% |
25,354
+380
| +2% | +$19K |
|
1155
CALL
Equinox Gold
EQX
$13.1B
| $1.25M | ﹤0.01% |
892
-411
| -32% | -$5.19K |
|
1156
AirSculpt Technologies
AIRS
$244M
| $1.25M | ﹤0.01% |
632,700
-172,300
| -21% | -$1.05M |
|
1157
iShares Core Dividend Growth ETF
DGRO
$43.9B
| $1.24M | ﹤0.01% |
17,840
+2,165
| +14% | +$149K |
|
1158
CALL
CGI
GIB
$15.3B
| $1.24M | ﹤0.01% |
134
-75
| -36% | -$6.69K |
|
1159
Virtu Financial
VIRT
$5.04B
| $1.22M | ﹤0.01% |
36,693
+1,553
| +4% | +$53.1K |
|
1160
iShares Europe ETF
IEV
$1.7B
| $1.22M | ﹤0.01% |
17,773
+230
| +1% | +$15.4K |
|
|
ITRG
1161
Integra Resources
ITRG
$550M
| $1.21M | ﹤0.01% |
+305,220
| New | +$1.03M |
|
1162
Schwab US Dividend Equity ETF
SCHD
$108B
| $1.21M | ﹤0.01% |
43,983
+14,877
| +51% | +$405K |
|
1163
Coeur Mining
CDE
$19B
| $1.2M | ﹤0.01% |
67,229
-897,028
| -93% | -$15.6M |
|
|
AWF
1164
AllianceBernstein Global High Income Fund
AWF
$876M
| $1.18M | ﹤0.01% |
110,790
+109,790
| +10,979% | +$1.19M |
|
1165
PUT
Canadian Pacific Kansas City
CP
$81.5B
| $1.18M | ﹤0.01% |
160
+23
| +17% | +$1.69K |
|
1166
Illumina
ILMN
$29.1B
| $1.17M | ﹤0.01% |
8,967
+527
| +6% | +$61.9K |
|
|
SVM
1167
Silvercorp Metals
SVM
$2.68B
| $1.16M | ﹤0.01% |
+138,407
| New | +$1.01M |
|
1168
Armstrong World Industries
AWI
$7.75B
| $1.15M | ﹤0.01% |
+6,041
| New | +$1.15M |
|
1169
CALL
SEALSQ Corp
LAES
$633M
| $1.15M | ﹤0.01% |
+3,049
| New | +$15.5K |
|
1170
Fresenius Medical Care
FMS
$12.6B
| $1.13M | ﹤0.01% |
47,587
+10,008
| +27% | +$249K |
|
1171
iShares Short Maturity Bond ETF
NEAR
$4.88B
| $1.13M | ﹤0.01% |
22,180
+43
| +0.2% | +$2.2K |
|
1172
Vanguard Financials ETF
VFH
$14B
| $1.13M | ﹤0.01% |
8,450
+2,211
| +35% | +$287K |
|
|
VZLA
1173
Vizsla Silver
VZLA
$1.31B
| $1.12M | ﹤0.01% |
+204,879
| New | +$962K |
|
1174
CALL
Gildan
GIL
$10.6B
| $1.12M | ﹤0.01% |
+179
| New | +$10.6K |
|
1175
iShares US Financials ETF
IYF
$4.44B
| $1.12M | ﹤0.01% |
8,661
+195
| +2% | +$24.4K |
|
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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.