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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
TAC icon
1751
CALL
TransAlta
TAC
$4.07B
$113K ﹤0.01%
89
-352
-80% -$5.25K
XMAG
1752
Defiance Large Cap ex-Mag 7 ETF
XMAG
$177M
$113K ﹤0.01%
5,000
+2,500
+100% +$55.9K
IOT icon
1753
Samsara
IOT
$23.3B
$112K ﹤0.01%
3,172
+883
+39% +$34.2K
SGDJ icon
1754
Sprott Junior Gold Miners ETF
SGDJ
$337M
$112K ﹤0.01%
1,335
-54
-4% -$4.24K
PDO
1755
PIMCO Dynamic Income Opportunities Fund
PDO
$1.83B
$111K ﹤0.01%
8,030
-2,970
-27% -$41.3K
BLDP
1756
Ballard Power Systems
BLDP
$820M
$111K ﹤0.01%
52,593
-613
-1% -$1.9K
SLQD icon
1757
iShares 0-5 Year Investment Grade Corporate Bond ETF
SLQD
$2.38B
$110K ﹤0.01%
2,160
+652
+43% +$33.1K
BCX icon
1758
BlackRock Resources & Commodities Strategy Trust
BCX
$964M
$109K ﹤0.01%
+10,000
New +$103K
FTLS icon
1759
First Trust Long/Short Equity ETF
FTLS
$2.51B
$108K ﹤0.01%
1,519
+214
+16% +$15.1K
TCHP icon
1760
T. Rowe Price Blue Chip Growth ETF
TCHP
$2.2B
$108K ﹤0.01%
2,185
– –
WCC
1761
WESCO International
WCC
$17.5B
$107K ﹤0.01%
439
+201
+84% +$49.3K
NPK icon
1762
National Presto Industries
NPK
$1B
$106K ﹤0.01%
1,004
+1
+0.1% +$105
AFK icon
1763
VanEck Africa Index ETF
AFK
$103M
$106K ﹤0.01%
4,000
+3,000
+300% +$74.3K
CCCX
1764
DELISTED
Churchill Capital Corp X
CCCX
$106K ﹤0.01%
+6,786
New +$114K
HEWJ icon
1765
iShares Currency Hedged MSCI Japan ETF
HEWJ
$767M
$105K ﹤0.01%
1,995
– –
SCHC icon
1766
Schwab International Small-Cap Equity ETF
SCHC
$5.7B
$105K ﹤0.01%
2,303
-465
-17% -$21.1K
TAK icon
1767
Takeda Pharmaceutical
TAK
$56.2B
$105K ﹤0.01%
6,726
+1,334
+25% +$19.1K
DFSD
1768
Dimensional Short-Duration Fixed Income ETF
DFSD
$7.17B
$105K ﹤0.01%
2,182
– –
FPE icon
1769
First Trust Preferred Securities and Income ETF
FPE
$6.34B
$104K ﹤0.01%
5,722
+2,996
+110% +$54.8K
CGXU icon
1770
Capital Group International Focus Equity ETF
CGXU
$6.62B
$104K ﹤0.01%
3,505
– –
IMSR
1771
Terrestrial Energy
IMSR
$630M
$104K ﹤0.01%
17,000
+302
+2% +$4.04K
DK icon
1772
Delek US
DK
$4.05B
$103K ﹤0.01%
+3,480
New +$124K
ATR icon
1773
AptarGroup
ATR
$8.41B
$103K ﹤0.01%
843
+692
+458% +$85.5K
WSML
1774
iShares MSCI World Small-Cap ETF
WSML
$689M
$101K ﹤0.01%
3,337
+1,644
+97% +$50.1K
PLMR icon
1775
Palomar
PLMR
$3.41B
$101K ﹤0.01%
+749
New +$91.4K
69 70
71
72 73

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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.