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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 | |
|---|---|---|---|---|---|---|
1176
On Holding
ONON
$10.6B
| $1.11M | ﹤0.01% |
23,941
-292
| -1% | -$12.6K |
|
1177
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.56B
| $1.11M | ﹤0.01% |
17,325
-97,086
| -85% | -$6.13M |
|
1178
Rigetti Computing
RGTI
$6.21B
| $1.11M | ﹤0.01% |
49,937
+15,648
| +46% | +$510K |
|
1179
iShares S&P GSCI Commodity-Indexed Trust
GSG
$932M
| $1.1M | ﹤0.01% |
47,573
-375
| -0.8% | -$8.64K |
|
1180
Vanguard Morningstar Small-Cap ETF
VB
$83.4B
| $1.09M | ﹤0.01% |
4,241
+149
| +4% | +$38.2K |
|
1181
Global X Defense Tech ETF
SHLD
$7.76B
| $1.09M | ﹤0.01% |
16,819
-31,439
| -65% | -$2.07M |
|
|
WCN
1182
CALL
Waste Connections
WCN
$41.6B
| $1.09M | ﹤0.01% |
62
-1,007
| -94% | -$174K |
|
1183
Anavex Life Sciences
AVXL
$316M
| $1.09M | ﹤0.01% |
305,200
-87,971
| -22% | -$539K |
|
|
1184
PUT
Anavex Life Sciences
AVXL
$316M
| $1.08M | ﹤0.01% |
3,042
-880
| -22% | -$5.39K |
|
1185
Roblox
RBLX
$27.1B
| $1.08M | ﹤0.01% |
13,375
+1,211
| +10% | +$129K |
|
|
SOBO
1186
CALL
South Bow Corp
SOBO
$7.64B
| $1.08M | ﹤0.01% |
392
-143
| -27% | -$3.88K |
|
|
TLN
1187
Talen Energy Corp
TLN
$17.5B
| $1.07M | ﹤0.01% |
2,864
+881
| +44% | +$342K |
|
1188
iShares MSCI Germany ETF
EWG
$1.67B
| $1.06M | ﹤0.01% |
25,016
-500
| -2% | -$20.7K |
|
|
DSL
1189
DoubleLine Income Solutions Fund
DSL
$1.24B
| $1.05M | ﹤0.01% |
93,457
-14,329
| -13% | -$166K |
|
1190
CALL
Methanex
MEOH
$4.17B
| $1.05M | ﹤0.01% |
265
+73
| +38% | +$2.71K |
|
1191
iShares MSCI World ETF
URTH
$8.4B
| $1.04M | ﹤0.01% |
5,622
-24,167
| -81% | -$4.45M |
|
1192
Encompass Health
EHC
$12.3B
| $1.04M | ﹤0.01% |
+9,826
| New | +$1.14M |
|
1193
iShares Core Moderate Allocation ETF
AOM
$1.78B
| $1.03M | ﹤0.01% |
21,621
+1,363
| +7% | +$65.2K |
|
1194
iShares Investment Grade Systematic Bond ETF
IGEB
$1.51B
| $1.02M | ﹤0.01% |
22,284
+2,478
| +13% | +$114K |
|
1195
Vanguard Intermediate-Term Bond ETF
BIV
$28.9B
| $1,000K | ﹤0.01% |
12,838
-200
| -2% | -$15.6K |
|
1196
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$17.4B
| $995K | ﹤0.01% |
11,124
-1,458
| -12% | -$130K |
|
1197
Sonoco
SON
$5.74B
| $987K | ﹤0.01% |
22,630
+567
| +3% | +$23.5K |
|
1198
PUT
Hudbay
HBM
$11.8B
| $981K | ﹤0.01% |
494
-429
| -46% | -$7.25K |
|
1199
iShares Dow Jones US ETF
IYY
$3.09B
| $978K | ﹤0.01% |
5,897
-1,100
| -16% | -$181K |
|
1200
Equinor
EQNR
$96.3B
| $977K | ﹤0.01% |
41,360
+2,315
| +6% | +$54.6K |
|
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.