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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 | |
|---|---|---|---|---|---|---|
1276
Healthcare Services Group
HCSG
$1.43B
| $689K | ﹤0.01% |
36,012
+1,352
| +4% | +$24.3K |
|
|
KEEL
1277
Keel Infrastructure Corp
KEEL
$2.04B
| $683K | ﹤0.01% |
+290,749
| New | +$995K |
|
1278
iShares MBS ETF
MBB
$39.2B
| $674K | ﹤0.01% |
+7,074
| New | +$675K |
|
1279
Simplify Managed Futures Strategy ETF
CTA
$1.56B
| $673K | ﹤0.01% |
24,674
-165
| -0.7% | -$4.53K |
|
1280
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.78B
| $667K | ﹤0.01% |
7,043
-2,763
| -28% | -$262K |
|
1281
Arqit Quantum
ARQQ
$413M
| $664K | ﹤0.01% |
30,334
+29,628
| +4,197% | +$1.02M |
|
1282
Cleveland-Cliffs
CLF
$6.93B
| $658K | ﹤0.01% |
49,557
+18,453
| +59% | +$233K |
|
1283
iShares 0-3 Month Treasury Bond ETF
SGOV
$101B
| $654K | ﹤0.01% |
6,521
+2,384
| +58% | +$240K |
|
|
SLSR
1284
Solaris Resources
SLSR
$1.33B
| $653K | ﹤0.01% |
82,507
+62,930
| +321% | +$436K |
|
1285
Rocket Lab Corp
RKLB
$51.2B
| $652K | ﹤0.01% |
9,357
+8,067
| +625% | +$462K |
|
1286
iShares Russell Mid-Cap Growth ETF
IWP
$21.1B
| $651K | ﹤0.01% |
4,759
-1,094
| -19% | -$153K |
|
1287
RPM International
RPM
$14.5B
| $642K | ﹤0.01% |
6,180
+735
| +13% | +$79.6K |
|
1288
PUT
OR Royalties Inc
OR
$6.15B
| $641K | ﹤0.01% |
181
+169
| +1,408% | +$5.92K |
|
|
1289
PUT
Arqit Quantum
ARQQ
$413M
| $641K | ﹤0.01% |
+293
| New | +$10.1K |
|
1290
First Bancorp
FBP
$4.49B
| $641K | ﹤0.01% |
30,929
-2,087
| -6% | -$43K |
|
1291
Vanguard Morningstar Small-Cap Value ETF
VBR
$38.2B
| $640K | ﹤0.01% |
3,022
+77
| +3% | +$16.1K |
|
1292
iShares MSCI Switzerland ETF
EWL
$2.22B
| $636K | ﹤0.01% |
10,613
-2,265
| -18% | -$130K |
|
1293
CALL
RUM Group Inc
RUM
$3.74B
| $632K | ﹤0.01% |
+1,000
| New | +$6.86K |
|
1294
Alcon
ALC
$35.5B
| $631K | ﹤0.01% |
7,981
+3,664
| +85% | +$282K |
|
1295
Zoom
ZM
$32.2B
| $630K | ﹤0.01% |
7,306
+762
| +12% | +$64.1K |
|
1296
Guardant Health
GH
$21.4B
| $623K | ﹤0.01% |
+6,106
| New | +$546K |
|
1297
Celsius Holdings
CELH
$7.28B
| $623K | ﹤0.01% |
13,629
+12,432
| +1,039% | +$626K |
|
1298
ARK Innovation ETF
ARKK
$6.54B
| $622K | ﹤0.01% |
8,107
-8,369
| -51% | -$693K |
|
1299
Franklin International Low Volatility High Dividend Index ETF
LVHI
$5.6B
| $618K | ﹤0.01% |
16,783
+2,208
| +15% | +$79.5K |
|
1300
MKS Inc
MKSI
$20.7B
| $613K | ﹤0.01% |
3,835
-1,747
| -31% | -$259K |
|
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.