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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
SNN icon
1801
Smith & Nephew
SNN
$12.5B
$89.9K ﹤0.01%
2,742
+1,207
+79% +$41.3K
ARKG icon
1802
ARK Genomic Revolution ETF
ARKG
$1.75B
$89.9K ﹤0.01%
3,102
-476
-13% -$14.3K
ITIC
1803
Investors Title Co
ITIC
$536M
$89.7K ﹤0.01%
360
– –
SPYX icon
1804
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF
SPYX
$2.88B
$89.1K ﹤0.01%
1,586
+1,325
+508% +$73.8K
DFAI
1805
Dimensional International Core Equity Market ETF
DFAI
$18B
$88.9K ﹤0.01%
2,333
+1,940
+494% +$71.9K
IAGG icon
1806
iShares Core International Aggregate Bond Fund
IAGG
$11.4B
$88.4K ﹤0.01%
1,773
+1,545
+678% +$79.4K
REVG
1807
DELISTED
REV Group
REVG
$88.1K ﹤0.01%
1,449
+10
+0.7% +$561
BMVP icon
1808
Invesco Bloomberg MVP Multi-factor ETF
BMVP
$107M
$87.8K ﹤0.01%
+1,800
New +$87.6K
WDEF
1809
WisdomTree Europe Defense Fund
WDEF
$107M
$87.7K ﹤0.01%
+3,023
New +$90.5K
FDD icon
1810
First Trust STOXX European Select Dividend Income Fund
FDD
$915M
$87.4K ﹤0.01%
5,000
+3,800
+317% +$62.6K
SPCE icon
1811
Virgin Galactic
SPCE
$515M
$86.9K ﹤0.01%
27,079
-461,600
-94% -$1.74M
GLAD icon
1812
Gladstone Capital
GLAD
$448M
$86.9K ﹤0.01%
4,200
– –
AMG icon
1813
Affiliated Managers Group
AMG
$9.78B
$86.5K ﹤0.01%
300
-3
-1% -$775
VTWV icon
1814
Vanguard Russell 2000 Value ETF
VTWV
$1.38B
$86.2K ﹤0.01%
540
-65
-11% -$10.3K
SPCE icon
1815
PUT
Virgin Galactic
SPCE
$515M
$86K ﹤0.01%
268
-4,616
-95% -$17.4K
XPEV icon
1816
XPeng
XPEV
$11.2B
$86K ﹤0.01%
4,240
-97
-2% -$2.1K
IHG icon
1817
InterContinental Hotels
IHG
$23.5B
$85.8K ﹤0.01%
610
-188
-24% -$24.4K
EQT icon
1818
CALL
EQT Corp
EQT
$34.3B
$85.8K ﹤0.01%
+16
New +$899
CWST icon
1819
Casella Waste Systems
CWST
$5.8B
$85.3K ﹤0.01%
871
+159
+22% +$14.8K
AMX icon
1820
America Movil
AMX
$70.8B
$85.2K ﹤0.01%
4,125
-176
-4% -$3.87K
RKT icon
1821
PUT
Rocket Companies
RKT
$42.6B
$85.2K ﹤0.01%
44
-2
-4% -$36
XLC icon
1822
State Street Communication Services Select Sector SPDR ETF
XLC
$22.9B
$85K ﹤0.01%
+722
New +$83.1K
STWD icon
1823
Starwood Property Trust
STWD
$6.09B
$84.9K ﹤0.01%
4,718
+1,553
+49% +$28.6K
TLRY icon
1824
Tilray
TLRY
$624M
$84.9K ﹤0.01%
7,263
+2,918
+67% +$35.6K
LMND icon
1825
Lemonade
LMND
$4.08B
$84.7K ﹤0.01%
1,190
-61
-5% -$4.1K
71 72
73
74 75

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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.