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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 | |
|---|---|---|---|---|---|---|
1501
Sprott Uranium Miners ETF
URNM
$2.01B
| $284K | ﹤0.01% |
5,181
-18,870
| -78% | -$1.09M |
|
1502
iShares Emerging Markets Dividend ETF
DVYE
$1.2B
| $284K | ﹤0.01% |
9,136
-4,844
| -35% | -$148K |
|
1503
iShares S&P Mid-Cap 400 Value ETF
IJJ
$9.09B
| $283K | ﹤0.01% |
2,154
+200
| +10% | +$26K |
|
1504
iShares US Consumer Staples ETF
IYK
$1.44B
| $282K | ﹤0.01% |
4,217
-300
| -7% | -$20.4K |
|
1505
Rambus
RMBS
$10.8B
| $280K | ﹤0.01% |
3,046
+1,187
| +64% | +$117K |
|
1506
PUT
Newmont
NEM
$124B
| $276K | ﹤0.01% |
38
-109
| -74% | -$9.85K |
|
1507
PUT
First Majestic Silver
AG
$9.59B
| $275K | ﹤0.01% |
165
-285
| -63% | -$3.96K |
|
1508
ALPS Disruptive Technologies ETF
DTEC
$77.9M
| $275K | ﹤0.01% |
5,682
-420
| -7% | -$21K |
|
1509
Franklin FTSE India ETF
FLIN
$2.66B
| $275K | ﹤0.01% |
7,114
+1,287
| +22% | +$49.7K |
|
|
NMG
1510
Nouveau Monde Graphite
NMG
$484M
| $273K | ﹤0.01% |
111,814
+5,236
| +5% | +$15.3K |
|
1511
Hims & Hers Health
HIMS
$6.68B
| $272K | ﹤0.01% |
8,385
+4,749
| +131% | +$203K |
|
1512
Burlington
BURL
$22.1B
| $272K | ﹤0.01% |
942
+518
| +122% | +$141K |
|
1513
McEwen Inc
MUX
$1.16B
| $271K | ﹤0.01% |
11,389
+7,755
| +213% | +$144K |
|
|
EMD
1514
Western Asset Emerging Markets Debt Fund
EMD
$609M
| $269K | ﹤0.01% |
25,300
+25,000
| +8,333% | +$263K |
|
1515
Woodward
WWD
$21.6B
| $267K | ﹤0.01% |
886
+881
| +17,620% | +$242K |
|
1516
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27.3B
| $267K | ﹤0.01% |
443
+32
| +8% | +$19.1K |
|
1517
Ollie's Bargain Outlet
OLLI
$4.64B
| $267K | ﹤0.01% |
2,437
+25
| +1% | +$3.02K |
|
1518
TransUnion
TRU
$15.4B
| $263K | ﹤0.01% |
3,069
+1,598
| +109% | +$131K |
|
1519
Vanguard Consumer Staples ETF
VDC
$8.04B
| $262K | ﹤0.01% |
1,243
+38
| +3% | +$8.08K |
|
1520
PUT
Baytex Energy
BTE
$3.04B
| $261K | ﹤0.01% |
807
+283
| +54% | +$789 |
|
1521
Tenet Healthcare
THC
$21.5B
| $261K | ﹤0.01% |
1,314
+722
| +122% | +$146K |
|
1522
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$12B
| $260K | ﹤0.01% |
1,812
+229
| +14% | +$32.6K |
|
|
GOOS
1523
Canada Goose Holdings
GOOS
$850M
| $259K | ﹤0.01% |
20,024
-1,801
| -8% | -$24K |
|
1524
US Foods
USFD
$23.6B
| $259K | ﹤0.01% |
3,439
+1,890
| +122% | +$142K |
|
1525
Flowserve
FLS
$10.3B
| $258K | ﹤0.01% |
3,721
-239
| -6% | -$15.4K |
|
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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.