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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
SGDM icon
1551
Sprott Gold Miners ETF
SGDM
$664M
$231K ﹤0.01%
3,321
-102
-3% -$6.57K
BHC icon
1552
PUT
Bausch Health
BHC
$2.43B
$230K ﹤0.01%
+332
New +$2.18K
AOA icon
1553
iShares Core 80/20 Aggressive Allocation ETF
AOA
$3.29B
$230K ﹤0.01%
2,570
+75
+3% +$6.68K
MLCI
1554
Mount Logan Capital Inc
MLCI
$35.2M
$230K ﹤0.01%
28,000
-588
-2% -$4.58K
FLJH icon
1555
Franklin FTSE Japan Hedged ETF
FLJH
$207M
$230K ﹤0.01%
6,100
+614
+11% +$23.6K
CHIQ icon
1556
Global X MSCI China Consumer Discretionary ETF
CHIQ
$120M
$229K ﹤0.01%
10,825
– –
AQN icon
1557
PUT
Algonquin Power & Utilities
AQN
$4.52B
$229K ﹤0.01%
373
-115
-24% -$683
TEX icon
1558
Terex
TEX
$7.76B
$229K ﹤0.01%
4,295
-2,385
-36% -$120K
PHG icon
1559
Philips
PHG
$26.7B
$229K ﹤0.01%
8,769
-840
-9% -$22.4K
INTF icon
1560
iShares International Equity Factor ETF
INTF
$3.77B
$229K ﹤0.01%
6,063
– –
FFSM icon
1561
Fidelity Fundamental Small-Mid Cap ETF
FFSM
$1.59B
$228K ﹤0.01%
7,450
– –
OFIX icon
1562
Orthofix Medical
OFIX
$420M
$227K ﹤0.01%
+15,000
New +$229K
OKTA icon
1563
Okta
OKTA
$25.9B
$227K ﹤0.01%
2,628
+1,369
+109% +$119K
IEP icon
1564
Icahn Enterprises
IEP
$5.27B
$227K ﹤0.01%
+30,000
New +$242K
FLGB icon
1565
Franklin FTSE United Kingdom ETF
FLGB
$925M
$226K ﹤0.01%
6,716
-377
-5% -$12.4K
FTSL icon
1566
First Trust Senior Loan Fund ETF
FTSL
$2.33B
$226K ﹤0.01%
4,928
+2,144
+77% +$98.3K
JAZZ icon
1567
Jazz Pharmaceuticals
JAZZ
$15.9B
$225K ﹤0.01%
1,324
+609
+85% +$93.4K
HLI icon
1568
Houlihan Lokey
HLI
$8.99B
$225K ﹤0.01%
+1,292
New +$237K
RJF icon
1569
PUT
Raymond James Financial
RJF
$34.8B
$225K ﹤0.01%
14
– –
UHAL.B icon
1570
U-Haul Holding Co Series N
UHAL.B
$12.7B
$222K ﹤0.01%
4,758
+451
+10% +$22K
IJS icon
1571
iShares S&P Small-Cap 600 Value ETF
IJS
$8.45B
$219K ﹤0.01%
1,930
-75
-4% -$8.41K
SAM icon
1572
Boston Beer
SAM
$1.91B
$219K ﹤0.01%
1,121
+62
+6% +$12.8K
SUI icon
1573
Sun Communities
SUI
$15.1B
$218K ﹤0.01%
1,763
+854
+94% +$107K
OEF icon
1574
CALL
iShares S&P 100 ETF
OEF
$20.5B
$218K ﹤0.01%
25
– –
SPYG icon
1575
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$55.3B
$218K ﹤0.01%
2,041
+767
+60% +$81.3K
61 62
63
64 65

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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.