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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 | |
|---|---|---|---|---|---|---|
|
DMC
1526
Del Monte Corp
DMC
$1.44B
| $258K | ﹤0.01% |
7,248
+1,027
| +17% | +$36.6K |
|
1527
Pentair
PNR
$10.5B
| $258K | ﹤0.01% |
2,481
+1,364
| +122% | +$146K |
|
1528
Invesco Aerospace & Defense ETF
PPA
$8.73B
| $256K | ﹤0.01% |
1,634
+287
| +21% | +$44.3K |
|
1529
TechnipFMC
FTI
$30.9B
| $255K | ﹤0.01% |
+5,732
| New | +$242K |
|
1530
QuantumScape Corp
QS
$3.84B
| $255K | ﹤0.01% |
24,445
+3,848
| +19% | +$53K |
|
1531
US Global Jets ETF
JETS
$826M
| $254K | ﹤0.01% |
9,069
+421
| +5% | +$10.9K |
|
|
PSKY
1532
Paramount Skydance Corp
PSKY
$11.2B
| $254K | ﹤0.01% |
18,976
+12,084
| +175% | +$189K |
|
1533
GXO Logistics
GXO
$5.57B
| $251K | ﹤0.01% |
4,777
-3,082
| -39% | -$162K |
|
|
ALM
1534
Almonty Industries
ALM
$4.35B
| $248K | ﹤0.01% |
+28,208
| New | +$207K |
|
1535
Snap
SNAP
$9.08B
| $248K | ﹤0.01% |
30,742
+3,549
| +13% | +$28.1K |
|
1536
HCI Group
HCI
$2.3B
| $248K | ﹤0.01% |
+1,293
| New | +$244K |
|
1537
Zillow
Z
$7.83B
| $248K | ﹤0.01% |
3,633
+2,495
| +219% | +$181K |
|
1538
Invesco Dorsey Wright SmallCap Momentum ETF
DWAS
$454M
| $247K | ﹤0.01% |
2,550
| – | – |
|
1539
Fidelity National Financial
FNF
$13.3B
| $246K | ﹤0.01% |
4,507
+1,996
| +79% | +$114K |
|
1540
Solitario Resources
XPL
$74.8M
| $241K | ﹤0.01% |
259,000
-100
| -0% | -$66 |
|
1541
Reliance Steel & Aluminium
RS
$21.6B
| $240K | ﹤0.01% |
833
+433
| +108% | +$122K |
|
1542
Equitable Holdings
EQH
$14.5B
| $239K | ﹤0.01% |
5,028
+1,703
| +51% | +$80.8K |
|
1543
Infosys
INFY
$49.2B
| $239K | ﹤0.01% |
13,409
+996
| +8% | +$17.2K |
|
1544
AB InBev
BUD
$156B
| $239K | ﹤0.01% |
3,730
+195
| +6% | +$12.1K |
|
1545
Tencent Music
TME
$14.4B
| $238K | ﹤0.01% |
13,593
-151,526
| -92% | -$3.07M |
|
1546
Freedom 100 Emerging Markets ETF
FRDM
$3.42B
| $238K | ﹤0.01% |
4,635
-257
| -5% | -$12.3K |
|
1547
Qiagen
QGEN
$8.89B
| $236K | ﹤0.01% |
5,175
+198
| +4% | +$9.16K |
|
1548
Xtrackers MSCI Emerging Markets Hedged Equity ETF
DBEM
$109M
| $235K | ﹤0.01% |
7,393
+157
| +2% | +$4.97K |
|
1549
Fidelity International High Dividend ETF
FIDI
$365M
| $233K | ﹤0.01% |
9,000
| – | – |
|
1550
iShares Global Industrials ETF
EXI
$1.49B
| $231K | ﹤0.01% |
1,322
+15
| +1% | +$2.6K |
|
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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.