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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
CNMD icon
2351
CONMED
CNMD
$1.49B
$8.24K ﹤0.01%
203
-6
-3% -$261
DBEU icon
2352
Xtrackers MSCI Europe Hedged Equity ETF
DBEU
$802M
$8.15K ﹤0.01%
170
– –
KLAR
2353
Klarna Group
KLAR
$7.82B
$8.11K ﹤0.01%
281
-4,719
-94% -$162K
BOAT icon
2354
SonicShares Global Shipping ETF
BOAT
$85.2M
$8.05K ﹤0.01%
256
– –
WRD
2355
WeRide Inc
WRD
$1.96B
$8K ﹤0.01%
922
-1,061
-54% -$9.88K
GRAL
2356
GRAIL Inc
GRAL
$3.05B
$7.96K ﹤0.01%
93
-25
-21% -$2.16K
SKYT
2357
DELISTED
SkyWater Technology
SKYT
$7.91K ﹤0.01%
436
+14
+3% +$243
WD icon
2358
Walker & Dunlop
WD
$1.47B
$7.86K ﹤0.01%
131
-546
-81% -$38.8K
JXI icon
2359
iShares Global Utilities ETF
JXI
$308M
$7.86K ﹤0.01%
100
– –
FDEM icon
2360
Fidelity Emerging Markets Multifactor ETF
FDEM
$591M
$7.84K ﹤0.01%
+254
New +$7.77K
MPT
2361
Medical Properties Trust
MPT
$2.51B
$7.82K ﹤0.01%
1,566
-7,211
-82% -$37.5K
SBRA icon
2362
Sabra Healthcare REIT
SBRA
$5.15B
$7.79K ﹤0.01%
412
-273
-40% -$5.06K
OPK icon
2363
Opko Health
OPK
$1.04B
$7.75K ﹤0.01%
6,200
– –
ONEQ icon
2364
Fidelity Nasdaq Composite Index ETF
ONEQ
$10.9B
$7.67K ﹤0.01%
+84
New +$7.65K
WRBY icon
2365
Warby Parker
WRBY
$3.2B
$7.63K ﹤0.01%
350
-693
-66% -$15.1K
VIK icon
2366
Viking Holdings
VIK
$47.3B
$7.57K ﹤0.01%
106
– –
VFF icon
2367
Village Farms International
VFF
$302M
$7.48K ﹤0.01%
2,059
-425
-17% -$1.48K
EIDO icon
2368
iShares MSCI Indonesia ETF
EIDO
$484M
$7.47K ﹤0.01%
400
– –
ACMR icon
2369
ACM Research
ACMR
$5.65B
$7.46K ﹤0.01%
189
-71
-27% -$2.65K
HEEM icon
2370
iShares Currency Hedged MSCI Emerging Markets
HEEM
$293M
$7.37K ﹤0.01%
212
-62
-23% -$2.14K
RDVY icon
2371
First Trust Rising Dividend Achievers ETF
RDVY
$25.8B
$7.36K ﹤0.01%
106
– –
SCJ icon
2372
iShares MSCI Japan Small-Cap ETF
SCJ
$265M
$7.34K ﹤0.01%
80
– –
AGCO icon
2373
AGCO
AGCO
$6.96B
$7.3K ﹤0.01%
+70
New +$7.45K
BDC icon
2374
Belden
BDC
$5.36B
$7.22K ﹤0.01%
62
+43
+226% +$5.02K
NEXM
2375
NexMetals Mining Corp
NEXM
$76.6M
$7.19K ﹤0.01%
1,864
+54
+3% +$231
93 94
95
96 97

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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.