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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
IBTJ icon
1376
iShares iBonds Dec 2029 Term Treasury ETF
IBTJ
$1.35B
$457K ﹤0.01%
20,816
+17,096
+460% +$376K
TDW icon
1377
Tidewater
TDW
$4.64B
$456K ﹤0.01%
+9,024
New +$477K
DFH icon
1378
Dream Finders Homes
DFH
$1.44B
$455K ﹤0.01%
26,624
+4,751
+22% +$97.2K
OLPX
1379
DELISTED
Olaplex Holdings
OLPX
$454K ﹤0.01%
338,616
+227,701
+205% +$271K
LYG icon
1380
Lloyds Banking Group
LYG
$90.7B
$453K ﹤0.01%
85,602
-2,604
-3% -$12.6K
IVE icon
1381
iShares S&P 500 Value ETF
IVE
$50.4B
$449K ﹤0.01%
2,118
+278
+15% +$58.3K
CSL icon
1382
Carlisle Companies
CSL
$14.8B
$448K ﹤0.01%
1,402
+516
+58% +$167K
IXG icon
1383
iShares Global Financials ETF
IXG
$704M
$447K ﹤0.01%
3,702
+95
+3% +$11.1K
CRDO icon
1384
Credo Technology Group
CRDO
$48.5B
$447K ﹤0.01%
3,109
+2,017
+185% +$310K
BTG icon
1385
CALL
B2Gold
BTG
$6.87B
$445K ﹤0.01%
988
-2,445
-71% -$11.4K
PIE icon
1386
Invesco Dorsey Wright Emerging Markets Momentum ETF
PIE
$250M
$442K ﹤0.01%
18,845
– –
VTV icon
1387
Vanguard Morningstar Value ETF
VTV
$194B
$442K ﹤0.01%
2,316
-755
-25% -$142K
PDI icon
1388
PIMCO Dynamic Income Fund
PDI
$7.28B
$442K ﹤0.01%
24,969
-240
-1% -$4.4K
CHY
1389
Calamos Convertible and High Income Fund
CHY
$1.08B
$442K ﹤0.01%
39,150
-400
-1% -$4.58K
EZPW icon
1390
Ezcorp Inc
EZPW
$1.76B
$438K ﹤0.01%
+22,562
New +$425K
DCBO
1391
Docebo
DCBO
$577M
$438K ﹤0.01%
20,116
-4,821
-19% -$115K
MGA icon
1392
PUT
Magna International
MGA
$18.7B
$437K ﹤0.01%
82
+1
+1% +$49
VV icon
1393
Vanguard Morningstar Large-Cap ETF
VV
$54.9B
$430K ﹤0.01%
1,366
+928
+212% +$290K
HDGE icon
1394
AdvisorShares Ranger Equity Bear ETF
HDGE
$52.2M
$430K ﹤0.01%
26,955
+26,805
+17,870% +$446K
HUBS icon
1395
HubSpot
HUBS
$11.5B
$428K ﹤0.01%
1,068
+689
+182% +$285K
XLY icon
1396
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.6B
$427K ﹤0.01%
3,579
+1,291
+56% +$153K
VIOO icon
1397
Vanguard S&P Small-Cap 600 ETF
VIOO
$4.35B
$427K ﹤0.01%
3,850
-676
-15% -$75.2K
KULR icon
1398
PUT
KULR Technology Group
KULR
$116M
$427K ﹤0.01%
1,441
-6,652
-82% -$24.4K
AFRM icon
1399
Affirm
AFRM
$26.3B
$426K ﹤0.01%
5,728
+2,147
+60% +$155K
BIP icon
1400
PUT
Brookfield Infrastructure Partners
BIP
$18.4B
$424K ﹤0.01%
122
+72
+144% +$2.51K
54 55
56
57 58

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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.