National Bank of Canada Top Holdings and 13F Report (2025)

About National Bank of Canada

National Bank of Canada OTCMKTS: NTIOF has filed 13-F forms with the SEC as an investor. National Bank of Canada is itself a publicly traded company. For more information on National Bank of Canada stock, visit the National Bank of Canada stock profile here.

Investment Activity

National Bank of Canada has $94.39 billion in total holdings as of December 31, 2024.
National Bank of Canada owns shares of 2,909 different stocks, but just 226 companies or ETFs make up 80% of its holdings.
Approximately 27.27% of the portfolio was purchased this quarter.
About 20.62% of the portfolio was sold this quarter.
This quarter, National Bank of Canada has purchased 2,727 new stocks and bought additional shares in 956 stocks.
National Bank of Canada sold shares of 947 stocks and completely divested from 424 stocks this quarter.

Largest Holdings

NVIDIA: $4,238,001,578
Microsoft: $3,180,667,073
Royal Bank of Canada: $2,203,550,951
Alphabet: $2,115,038,961
Apple: $1,932,283,688

Largest New Holdings this Quarter

META PLATFORMS INC: $591,013,794 Holding
MICROSTRATEGY INC: $541,907,982 Holding
MICRON TECHNOLOGY INC: $465,690,944 Holding
TARGET CORP: $194,307,732 Holding
ASML HOLDING N V: $179,438,412 Holding

Largest Purchases this Quarter

Meta Platforms: 1,698,439 shares (about $994.46M)
Brookfield: 16,233,183 shares (about $933.43M)
META PLATFORMS INC: 10,094 shares (about $591.01M)
MICROSTRATEGY INC: 18,711 shares (about $541.91M)
MicroStrategy: 1,795,346 shares (about $519.97M)

Largest Sales this Quarter

NVIDIA: 11,239,729 shares (about $1.51B)
Visa: 3,988,998 shares (about $1.26B)
Microsoft: 1,898,861 shares (about $800.38M)
Broadcom: 2,640,195 shares (about $612.11M)
AMAZON COM INC: 25,110 shares (about $550.89M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
NVDA NVIDIA	$4,238,001,578	$1,509,395,453 ▼	-26.3%	31,558,323	4.5%	Computer and Technology
MSFT Microsoft	$3,180,667,073	$800,379,309 ▼	-20.1%	7,545,978	3.4%	Computer and Technology
RY Royal Bank of Canada	$2,203,550,951	$164,818,936 ▲	8.1%	18,259,924	2.3%	Finance
GOOGL Alphabet	$2,115,038,961	$209,802,290 ▲	11.0%	11,172,899	2.2%	Computer and Technology
AAPL Apple	$1,932,283,688	$370,109,270 ▼	-16.1%	7,716,077	2.0%	Computer and Technology
APPLE INC	$1,769,868,392	$405,054,350 ▼	-18.6%	70,676	1.9%	CALL
TD Toronto-Dominion Bank	$1,524,617,043	$101,721,793 ▲	7.1%	28,610,751	1.6%	Finance
AMZN Amazon.com	$1,416,978,904	$168,298,486 ▼	-10.6%	6,458,653	1.5%	Retail/Wholesale
BMO Bank of Montreal	$1,335,818,119	$180,914 ▼	0.0%	13,748,503	1.4%	Finance
NVIDIA CORPORATION	$1,233,493,937	$261,046,331 ▼	-17.5%	91,853	1.3%	PUT
GOOG Alphabet	$1,207,527,044	$509,448,461 ▲	73.0%	6,340,694	1.3%	Computer and Technology
META Meta Platforms	$1,130,031,477	$994,460,840 ▲	733.5%	1,929,980	1.2%	Computer and Technology
BN Brookfield	$1,105,225,049	$933,426,534 ▲	543.3%	19,220,924	1.2%	Finance
AVGO Broadcom	$1,043,896,852	$612,106,164 ▼	-37.0%	4,502,636	1.1%	Computer and Technology
BNS Bank of Nova Scotia	$1,001,712,685	$2,009,709 ▼	-0.2%	18,636,547	1.1%	Finance
SHOP Shopify	$927,329,397	$137,770,235 ▲	17.4%	8,701,656	1.0%	Computer and Technology
CM Canadian Imperial Bank of Commerce	$892,508,269	$176,034,118 ▲	24.6%	14,096,251	0.9%	Finance
MFC Manulife Financial	$837,956,263	$25,000,401 ▼	-2.9%	27,250,906	0.9%	Finance
MICROSOFT CORP	$817,541,400	$148,620,900 ▲	22.2%	19,396	0.9%	CALL
ENB Enbridge	$817,472,532	$45,818,605 ▲	5.9%	19,241,841	0.9%	Oils/Energy
CNI Canadian National Railway	$787,646,563	$103,626,124 ▲	15.1%	7,757,997	0.8%	Transportation
MICROSOFT CORP	$760,175,250	$318,021,750 ▼	-29.5%	18,035	0.8%	PUT
JPM JPMorgan Chase & Co.	$750,237,565	$138,034,407 ▼	-15.5%	3,129,749	0.8%	Finance
BROADCOM INC	$746,988,480	$422,412,480 ▲	130.1%	32,220	0.8%	CALL
TSLA Tesla	$730,477,911	$379,374,482 ▲	108.1%	1,808,815	0.8%	Auto/Tires/Trucks
MU Micron Technology	$690,898,051	$396,090,154 ▲	134.4%	8,209,334	0.7%	Computer and Technology
HON Honeywell International	$680,499,387	$511,259,074 ▲	302.1%	3,012,507	0.7%	Multi-Sector Conglomerates
ADVANCED MICRO DEVICES INC	$636,599,537	$288,470,678 ▲	82.9%	52,703	0.7%	PUT
SU Suncor Energy	$621,263,015	$391,536,745 ▲	170.4%	17,390,752	0.7%	Oils/Energy
CP Canadian Pacific Kansas City	$611,813,236	$398,541,712 ▲	186.9%	8,449,437	0.6%	Transportation
META PLATFORMS INC	$591,013,794	$591,013,794 ▲	New Holding	10,094	0.6%	CALL
MICROSTRATEGY INC	$541,907,982	$541,907,982 ▲	New Holding	18,711	0.6%	PUT
MSTR MicroStrategy	$525,948,164	$519,968,377 ▲	8,695.4%	1,815,993	0.6%	Computer and Technology
CCI Crown Castle	$525,849,311	$142,769,440 ▲	37.3%	5,793,842	0.6%	Finance
BKNG Booking	$510,436,482	$233,550,924 ▲	84.3%	102,736	0.5%	Retail/Wholesale
WCN Waste Connections	$504,253,168	$44,784,194 ▲	9.7%	2,939,640	0.5%	Business Services
ALPHABET INC	$500,939,604	$468,140,891 ▲	1,427.3%	26,392	0.5%	PUT
TRP TC Energy	$492,285,200	$14,616,943 ▲	3.1%	10,554,485	0.5%	Oils/Energy
BAC Bank of America	$481,022,629	$105,474,631 ▲	28.1%	10,944,734	0.5%	Finance
BRK.B Berkshire Hathaway	$471,266,890	$30,758,654 ▼	-6.1%	1,039,667	0.5%	Finance
MICRON TECHNOLOGY INC	$465,690,944	$465,690,944 ▲	New Holding	55,334	0.5%	PUT
CRM Salesforce	$460,395,147	$134,400,415 ▲	41.2%	1,376,358	0.5%	Computer and Technology
MRK Merck & Co., Inc.	$457,360,953	$57,436,829 ▲	14.4%	4,597,456	0.5%	Medical
LLY Eli Lilly and Company	$455,583,337	$43,162,249 ▼	-8.7%	590,127	0.5%	Medical
CSCO Cisco Systems	$451,329,217	$79,787,014 ▼	-15.0%	7,623,750	0.5%	Computer and Technology
CNQ Canadian Natural Resources	$439,017,459	$184,653,630 ▲	72.6%	14,210,358	0.5%	Oils/Energy
CTSH Cognizant Technology Solutions	$433,253,808	$153,391,427 ▲	54.8%	5,633,987	0.5%	Computer and Technology
BCE BCE	$409,861,278	$27,119,538 ▼	-6.2%	17,702,621	0.4%	Utilities
COST Costco Wholesale	$403,604,600	$39,376,193 ▼	-8.9%	440,482	0.4%	Retail/Wholesale
INTEL CORP	$402,606,005	$377,541,500 ▲	1,506.3%	200,801	0.4%	PUT
JNJ Johnson & Johnson	$395,200,517	$57,307,766 ▲	17.0%	2,732,624	0.4%	Medical
AMD Advanced Micro Devices	$368,632,201	$126,174,453 ▼	-25.5%	3,051,835	0.4%	Computer and Technology
TU TELUS	$362,790,838	$8,148,370 ▲	2.3%	26,761,867	0.4%	Utilities
ALPHABET INC	$351,146,040	$161,286,056 ▲	85.0%	18,495	0.4%	CALL
UNH UnitedHealth Group	$349,175,200	$180,172,641 ▼	-34.0%	690,249	0.4%	Medical
GIB CGI	$333,090,762	$160,910,922 ▼	-32.6%	3,043,477	0.4%	Computer and Technology
SLF Sun Life Financial	$332,827,835	$14,012,105 ▼	-4.0%	5,601,475	0.4%	Finance
PG Procter & Gamble	$330,523,047	$70,511,235 ▲	27.1%	1,971,666	0.4%	Consumer Staples
GOLD Barrick Gold	$325,595,046	$181,013,717 ▲	125.2%	20,986,876	0.3%	Basic Materials
XOM Exxon Mobil	$314,635,645	$58,059,022 ▲	22.6%	2,924,871	0.3%	Oils/Energy
AEM Agnico Eagle Mines	$314,302,371	$11,083,813 ▼	-3.4%	4,013,803	0.3%	Basic Materials
MA Mastercard	$310,602,645	$78,397,593 ▼	-20.2%	589,866	0.3%	Business Services
PFE Pfizer	$306,704,719	$77,608,705 ▲	33.9%	11,560,479	0.3%	Medical
INTC Intel	$302,232,219	$136,236,510 ▲	82.1%	15,073,903	0.3%	Computer and Technology
TRI Thomson Reuters	$298,979,021	$144,138,157 ▲	93.1%	1,860,045	0.3%	Business Services
SPY SPDR S&P 500 ETF Trust	$298,432,588	$151,645,213 ▲	103.3%	509,097	0.3%	Finance
WMT Walmart	$291,218,188	$117,424,080 ▲	67.6%	3,223,154	0.3%	Retail/Wholesale
XLF Financial Select Sector SPDR Fund	$290,143,887	$109,869,604 ▲	60.9%	6,003,391	0.3%	ETF
KO Coca-Cola	$289,985,879	$77,296,611 ▲	36.3%	4,657,565	0.3%	Consumer Staples
HD Home Depot	$288,204,602	$57,018,528 ▼	-16.5%	740,895	0.3%	Retail/Wholesale
PEP PepsiCo	$268,018,466	$17,211,039 ▲	6.9%	1,762,555	0.3%	Consumer Staples
NVIDIA CORPORATION	$262,536,950	$181,962,950 ▲	225.8%	19,550	0.3%	CALL
AMAZON COM INC	$255,655,167	$409,096,533 ▼	-61.5%	11,653	0.3%	CALL
ABBV AbbVie	$254,394,473	$33,272,902 ▲	15.0%	1,431,817	0.3%	Medical
RTX RTX	$254,025,434	$130,541,610 ▲	105.7%	2,195,166	0.3%	Aerospace
FTS Fortis	$245,757,650	$29,913,556 ▲	13.9%	5,909,658	0.3%	Utilities
QSR Restaurant Brands International	$242,649,941	$35,105,336 ▲	16.9%	3,719,590	0.3%	Retail/Wholesale
QCOM QUALCOMM	$242,305,165	$19,006,568 ▼	-7.3%	1,577,295	0.3%	Computer and Technology
BOOKING HOLDINGS INC	$240,471,528	$118,248,396 ▲	96.7%	484	0.3%	PUT
ADBE Adobe	$235,570,729	$59,332,976 ▲	33.7%	529,680	0.2%	Computer and Technology
MDT Medtronic	$234,778,852	$209,553,192 ▲	830.7%	2,939,103	0.2%	Medical
TSM Taiwan Semiconductor Manufacturing	$228,674,719	$107,510,628 ▲	88.7%	1,157,839	0.2%	Computer and Technology
CCJ Cameco	$227,104,503	$93,260,836 ▲	69.7%	4,417,781	0.2%	Basic Materials
IBM International Business Machines	$225,570,856	$54,819,111 ▲	32.1%	1,026,076	0.2%	Computer and Technology
KLAC KLA	$225,145,480	$142,433,242 ▲	172.2%	357,305	0.2%	Computer and Technology
RCI Rogers Communications	$224,676,150	$32,727,261 ▲	17.0%	7,303,396	0.2%	Consumer Discretionary
BAM Brookfield Asset Management	$221,755,519	$165,298,835 ▲	292.8%	4,086,437	0.2%	Finance
TESLA INC	$220,900,480	$308,654,912 ▼	-58.3%	5,470	0.2%	CALL
PGR Progressive	$217,753,277	$62,003,197 ▲	39.8%	908,764	0.2%	Finance
MCD McDonald's	$214,091,496	$11,660,767 ▲	5.8%	738,512	0.2%	Retail/Wholesale
AMAT Applied Materials	$213,410,799	$95,099,026 ▲	80.4%	1,312,243	0.2%	Computer and Technology
NTR Nutrien	$213,023,945	$23,473,441 ▲	12.4%	4,756,317	0.2%	Basic Materials
WPM Wheaton Precious Metals	$211,936,502	$47,280,783 ▲	28.7%	3,762,855	0.2%	Basic Materials
ASML ASML	$209,996,310	$180,900,118 ▲	621.7%	302,990	0.2%	Computer and Technology
AMAZON COM INC	$201,882,678	$550,888,290 ▼	-73.2%	9,202	0.2%	PUT
V Visa	$196,878,395	$1,260,782,180 ▼	-86.5%	622,905	0.2%	Business Services
TARGET CORP	$194,307,732	$194,307,732 ▲	New Holding	14,374	0.2%	PUT
TMO Thermo Fisher Scientific	$191,488,936	$144,945,262 ▼	-43.1%	368,079	0.2%	Medical
NFLX Netflix	$190,295,303	$12,778,101 ▲	7.2%	213,496	0.2%	Consumer Discretionary
PBA Pembina Pipeline	$186,128,961	$55,073,357 ▲	42.0%	5,035,950	0.2%	Oils/Energy

Showing largest 100 holdings. View all holdings.

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National Bank of Canada Top Holdings and 13F Report (2025)

About National Bank of Canada

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

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National Bank of Canada Top Holdings and 13F Report (2025)

About National Bank of Canada

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Map of 500 Largest Holdings ofNational Bank of Canada

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools