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National Bank of Canada

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
Cap. Flow
+$3.43B
Cap. Flow %
3.12%
Top 10 Hldgs %
29.27%
Holding
3,206
New
380
Increased
1,219
Reduced
855
Closed
337

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$990M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$877M
3
TSLA icon
Tesla
TSLA
+$841M
4
MSFT icon
Microsoft
MSFT
+$835M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$601M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$799M
2
TD icon
Toronto Dominion Bank
TD
+$363M
3
BN icon
Brookfield
BN
+$315M
4
CRM icon
Salesforce
CRM
+$305M
5
RY icon
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
GBUG
1226
Sprott Active Gold & Silver Miners ETF
GBUG
$170M
$848K ﹤0.01%
19,474
-10,492
-35% -$415K
SHYG icon
1227
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.62B
$847K ﹤0.01%
+19,759
New +$848K
VUG icon
1228
Vanguard Morningstar Growth ETF
VUG
$231B
$844K ﹤0.01%
10,386
-894
-8% -$72.6K
GAU
1229
Galiano Gold
GAU
$547M
$844K ﹤0.01%
335,785
+320,456
+2,091% +$792K
URA icon
1230
Global X Uranium ETF
URA
$6.31B
$842K ﹤0.01%
19,703
-368,928
-95% -$17.8M
PRM icon
1231
Perimeter Solutions
PRM
$5.66B
$838K ﹤0.01%
30,461
-1,228
-4% -$31K
IFRA icon
1232
iShares US Infrastructure ETF
IFRA
$4.62B
$837K ﹤0.01%
15,900
– –
PSP icon
1233
Invesco Global Listed Private Equity ETF
PSP
$253M
$836K ﹤0.01%
12,472
+747
+6% +$50K
QTUM icon
1234
Defiance Quantum ETF
QTUM
$5.82B
$836K ﹤0.01%
7,628
+1,545
+25% +$170K
CQQQ icon
1235
Invesco China Technology ETF
CQQQ
$3.19B
$823K ﹤0.01%
15,837
+53
+0.3% +$2.88K
DBA icon
1236
Invesco DB Agriculture Fund
DBA
$1.23B
$820K ﹤0.01%
32,100
– –
BIDU icon
1237
Baidu
BIDU
$35.5B
$819K ﹤0.01%
6,273
+1,177
+23% +$146K
IONQ icon
1238
IonQ
IONQ
$18.2B
$817K ﹤0.01%
18,216
+6,639
+57% +$372K
ZROZ icon
1239
PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund
ZROZ
$1.31B
$815K ﹤0.01%
12,706
+11,034
+660% +$747K
JEF icon
1240
Jefferies Financial Group
JEF
$12.9B
$815K ﹤0.01%
13,141
-322
-2% -$18.5K
IMO icon
1241
PUT
Imperial Oil
IMO
$64B
$812K ﹤0.01%
94
-192
-67% -$17.5K
BEPC icon
1242
CALL
Brookfield Renewable
BEPC
$6.5B
$802K ﹤0.01%
209
-887
-81% -$35.7K
NOBL icon
1243
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$12B
$797K ﹤0.01%
15,310
-410
-3% -$21.2K
TRIP icon
1244
TripAdvisor
TRIP
$1.26B
$793K ﹤0.01%
54,453
-24,274
-31% -$369K
RR icon
1245
Richtech Robotics
RR
$385M
$791K ﹤0.01%
244,846
+243,986
+28,370% +$1.08M
WCN
1246
PUT
Waste Connections
WCN
$41.6B
$789K ﹤0.01%
45
-55
-55% -$9.51K
RR icon
1247
PUT
Richtech Robotics
RR
$385M
$788K ﹤0.01%
+2,440
New +$10.8K
CNM icon
1248
Core & Main
CNM
$8.64B
$785K ﹤0.01%
15,099
+2,658
+21% +$136K
LYB icon
1249
LyondellBasell Industries
LYB
$20.2B
$781K ﹤0.01%
18,045
+15,200
+534% +$688K
DLN icon
1250
WisdomTree US LargeCap Dividend Fund
DLN
$6.45B
$766K ﹤0.01%
8,700
+8,364
+2,489% +$730K
48 49
50
51 52

Similar funds

T. Rowe Price Investment Management
T. Rowe Price Investment Management Baltimore, Maryland $145B AUM 22.78% 1-Year Est. Return
VanEck Associates
VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return
Primecap Management
Primecap Management Pasadena, California $127B AUM 44.11% 1-Year Est. Return
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board Toronto Ontario, Ontario, Canada $155B AUM 29.93% 1-Year Est. Return
Two Sigma Investments
Two Sigma Investments New York $124B AUM 33.93% 1-Year Est. Return
California Public Employees Retirement System
California Public Employees Retirement System Sacramento, California $162B AUM 25.78% 1-Year Est. Return
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada $116B AUM 26.37% 1-Year Est. Return
D.E. Shaw & Co
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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.