We are live on
!
Find out more
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 | |
|---|---|---|---|---|---|---|
176
Progressive
PGR
$121B
| $109M | 0.1% |
477,276
-154,511
| -24% | -$34.9M |
|
177
ICICI Bank
IBN
$107B
| $109M | 0.1% |
3,646,451
-710,301
| -16% | -$21.8M |
|
178
Vanguard FTSE Emerging Markets ETF
VWO
$126B
| $109M | 0.1% |
2,018,355
+1,047,295
| +108% | +$56.9M |
|
179
PUT
iShares Silver Trust
SLV
$31.8B
| $108M | 0.1% |
+16,839
| New | +$843K |
|
180
Vertex Pharmaceuticals
VRTX
$133B
| $108M | 0.1% |
238,548
-9,393
| -4% | -$4.05M |
|
181
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.6B
| $108M | 0.1% |
1,289,599
+1,208,175
| +1,484% | +$102M |
|
182
Starbucks
SBUX
$124B
| $106M | 0.1% |
1,257,273
+783,091
| +165% | +$66.1M |
|
183
Global Payments
GPN
$23.4B
| $105M | 0.1% |
1,359,405
+339,617
| +33% | +$27.3M |
|
184
Microchip Technology
MCHP
$43.1B
| $103M | 0.09% |
1,616,310
+1,074,694
| +198% | +$66.3M |
|
185
PUT
Booking.com
BKNG
$159B
| $102M | 0.09% |
4,750
+2,400
| +102% | +$494K |
|
186
ConocoPhillips
COP
$153B
| $99.7M | 0.09% |
1,065,016
+166,135
| +18% | +$15M |
|
187
PACCAR
PCAR
$69B
| $99.4M | 0.09% |
907,270
+378,945
| +72% | +$38.8M |
|
188
Target
TGT
$69.9B
| $96.5M | 0.09% |
987,546
+499,170
| +102% | +$46M |
|
189
Intercontinental Exchange
ICE
$85B
| $96M | 0.09% |
592,800
+404,130
| +214% | +$63.3M |
|
190
CSX Corp
CSX
$92.8B
| $95.7M | 0.09% |
2,641,037
+463,235
| +21% | +$16.6M |
|
191
Newmont
NEM
$124B
| $95.6M | 0.09% |
957,482
-896,920
| -48% | -$81M |
|
192
Blackstone
BX
$110B
| $95.5M | 0.09% |
619,586
+23,218
| +4% | +$3.53M |
|
193
SPDR Gold Trust
GLD
$144B
| $94.7M | 0.09% |
238,989
+42,780
| +22% | +$16.3M |
|
|
194
CALL
Tesla
TSLA
$1.29T
| $94.6M | 0.09% |
2,104
-2,107
| -50% | -$934K |
|
195
Marvell Technology
MRVL
$195B
| $94.4M | 0.09% |
1,110,958
+335,661
| +43% | +$29.4M |
|
196
Cooper Companies
COO
$15B
| $92.6M | 0.08% |
1,129,332
+1,038,370
| +1,142% | +$77.7M |
|
197
Regeneron Pharmaceuticals
REGN
$82.2B
| $92.5M | 0.08% |
119,812
-44,573
| -27% | -$30.3M |
|
198
American Express
AXP
$232B
| $92.3M | 0.08% |
249,434
-27,412
| -10% | -$9.81M |
|
199
Ecolab
ECL
$78.1B
| $91.4M | 0.08% |
348,122
+165,052
| +90% | +$44M |
|
200
Vanguard Total World Stock ETF
VT
$81.4B
| $91M | 0.08% |
645,271
+184,110
| +40% | +$25.7M |
|
Similar funds
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.