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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
PENN icon
2251
PENN Entertainment
PENN
$2.53B
$13.3K ﹤0.01%
900
-128
-12% -$2K
DIM icon
2252
WisdomTree International MidCap Dividend Fund
DIM
$169M
$13.3K ﹤0.01%
165
– –
SHE icon
2253
State Street SPDR MSCI USA Gender Diversity ETF
SHE
$339M
$13.2K ﹤0.01%
100
– –
BULL
2254
Webull Corp
BULL
$4.23B
$13.2K ﹤0.01%
1,700
+500
+42% +$5.03K
REZI icon
2255
Resideo Technologies
REZI
$3.1B
$13.1K ﹤0.01%
374
+126
+51% +$4.66K
FSLY icon
2256
Fastly Inc
FSLY
$4.78B
$13K ﹤0.01%
1,280
-99
-7% -$976
TDV icon
2257
ProShares S&P Technology Dividend Aristocrats ETF
TDV
$283M
$12.9K ﹤0.01%
150
– –
EVLV icon
2258
CALL
Evolv Technologies
EVLV
$1.04B
$12.9K ﹤0.01%
18
– –
LUMN icon
2259
Lumen
LUMN
$6.6B
$12.8K ﹤0.01%
1,658
+232
+16% +$1.91K
ARKX icon
2260
ARK Space & Defense Innovation ETF
ARKX
$864M
$12.7K ﹤0.01%
440
– –
PFFR icon
2261
InfraCap REIT Preferred ETF
PFFR
$121M
$12.6K ﹤0.01%
700
– –
GLDG
2262
GoldMining Inc
GLDG
$226M
$12.6K ﹤0.01%
10,150
+2,457
+32% +$3.43K
IRDM icon
2263
Iridium Communications
IRDM
$5.27B
$12.5K ﹤0.01%
719
-54,516
-99% -$963K
ASH icon
2264
Ashland
ASH
$3.36B
$12.4K ﹤0.01%
212
+6
+3% +$317
IESC icon
2265
IES Holdings
IESC
$14.9B
$12.4K ﹤0.01%
+32
New +$12.9K
PTON icon
2266
Peloton Interactive
PTON
$2.44B
$12.4K ﹤0.01%
2,013
-5
-0.2% -$35
PBF icon
2267
PBF Energy
PBF
$8.81B
$12.3K ﹤0.01%
455
-104
-19% -$3.33K
MMTM icon
2268
State Street SPDR S&P 1500 Momentum Tilt ETF
MMTM
$165M
$12.3K ﹤0.01%
+42
New +$12.2K
ETB
2269
Eaton Vance Tax-Managed Buy-Write Income Fund
ETB
$461M
$12.2K ﹤0.01%
800
– –
ESML icon
2270
iShares ESG Aware MSCI USA Small-Cap ETF
ESML
$2.96B
$12.2K ﹤0.01%
265
– –
JPXN
2271
iShares JPX-Nikkei 400 ETF
JPXN
$142M
$12.1K ﹤0.01%
140
– –
EEMX icon
2272
State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF
EEMX
$180M
$12K ﹤0.01%
282
– –
WU icon
2273
Western Union
WU
$2.34B
$11.9K ﹤0.01%
+1,285
New +$11.3K
XRT icon
2274
State Street SPDR S&P Retail ETF
XRT
$643M
$11.9K ﹤0.01%
140
-519
-79% -$43.6K
ILIT icon
2275
iShares Lithium Miners and Producers ETF
ILIT
$15.2M
$11.9K ﹤0.01%
761
– –
89 90
91
92 93

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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.