Latest NATIONAL BANK OF CANADA /FI/ Stock Portfolio

NATIONAL BANK OF CANADA /FI/ Performance:

2025 Q4: 2.54%YTD: 18.13%2024: 14.69%

Performance for 2025 Q4 is 2.54%, and YTD is 18.13%, and 2024 is 14.69%.

About NATIONAL BANK OF CANADA /FI/ and 13F Hedge Fund Stock Holdings

NATIONAL BANK OF CANADA /FI/ is a hedge fund based in Canada. On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, NATIONAL BANK OF CANADA /FI/ reported an equity portfolio of $110 Billions as of 31 Dec, 2025.

The top stock holdings of NATIONAL BANK OF CANADA /FI/ are NVDA, MSFT, AAPL. The fund has invested 4.6% of it's portfolio in NVIDIA CORPORATION and 4.4% of portfolio in MICROSOFT CORP.

The fund managers got completely rid off SPIRIT AEROSYSTEMS HLDGS INC (SPR), INTERPUBLIC GROUP COS INC (IPG) and BILL HOLDINGS INC (BILL) stocks. They significantly reduced their stock positions in QFIN HOLDINGS INC (QFIN), SCHWAB STRATEGIC TR (FNDA) and ATOUR LIFESTYLE HLDGS LTD (ATAT). NATIONAL BANK OF CANADA /FI/ opened new stock positions in ROIVANT SCIENCES LTD (ROIV), UNILEVER PLC (UL) and WEATHERFORD INTL PLC (WFRD). The fund showed a lot of confidence in some stocks as they added substantially to ETSY INC (ETSY), REDWIRE CORPORATION (RDW) and INVESCO EXCH TRADED FD TR II (CGW).

NATIONAL BANK OF CANADA /FI/ Annual Return Estimates Vs S&P 500

Our best estimate is that NATIONAL BANK OF CANADA /FI/ made a return of 2.54% in the last quarter. In trailing 12 months, it's portfolio return was 18.13%.

Performance
S&P 500

New Buys

Ticker	$ Bought
roivant sciences ltd	44,268,000
unilever plc	28,388,900

New stocks bought by NATIONAL BANK OF CANADA /FI/

Additions

Ticker	% Inc.
etsy inc	27,896,400
spdr series trust	234,100
ishares tr	53,301
primo brands corporation	24,178
rivian automotive inc	19,724
ubs group ag	10,691
carvana co	8,693
alnylam pharmaceuticals inc	6,841

Additions to existing portfolio by NATIONAL BANK OF CANADA /FI/

Reductions

Ticker	% Reduced
select sector spdr tr	-85.21
smucker j m co	-72.66
dte energy co	-64.84
aon plc	-61.91
williams cos inc	-61.33
workday inc	-60.29
us bancorp del	-59.83
vaneck etf trust	-59.41

NATIONAL BANK OF CANADA /FI/ reduced stake in above stock

Sold off

None of the stocks were completely sold off by NATIONAL BANK OF CANADA /FI/

Sector Distribution

NATIONAL BANK OF CANADA /FI/ has about 30.4% of it's holdings in Others sector.

Sector	%
Others	30.4
Technology	26.6
Communication Services	9.8
Consumer Cyclical	8.3
Industrials	5.9
Healthcare	5.9
Financial Services	4.7
Consumer Defensive	3.4
Energy	2.4
Real Estate	1.1

Market Cap. Distribution

NATIONAL BANK OF CANADA /FI/ has about 68.4% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	45.4
UNALLOCATED	30.4
LARGE-CAP	23

Stocks belong to which Index?

About 63.8% of the stocks held by NATIONAL BANK OF CANADA /FI/ either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	63.8
Others	35.6

Top 5 Winners (%)		%
CAPR	capricor therapeutics inc	204.3 %
	pacs group inc	178.0 %
	t1 energy inc	164.6 %
	bioage labs inc	125.0 %
CMTL	comtech telecommunications c	105.9 %

Top 5 Winners ($)		$
GOOG	alphabet inc	574.2 M
RY	royal bk cda	404.6 M
TD	toronto dominion bk ont	395.9 M
GOOG	alphabet inc	368.9 M
MU	micron technology inc	304.5 M

Top 5 Losers (%)		%
	vision marine technologies i	-100.0 %
PRTG	alphaton capital corp	-89.0 %
EVTV	envirotech vehicles inc	-77.1 %
	cenntro inc	-76.3 %
OM	outset med inc	-70.9 %

Top 5 Losers ($)		$
	brookfield corp	-487.0 M
MSFT	microsoft corp	-311.8 M
MSTR	strategy inc	-259.4 M
META	meta platforms inc	-255.2 M
ORCL	oracle corp	-204.8 M

NATIONAL BANK OF CANADA /FI/ Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of NATIONAL BANK OF CANADA /FI/

NATIONAL BANK OF CANADA /FI/ has 2564 stocks in it's portfolio. About 29.3% of the portfolio is in top 10 stocks. proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for NATIONAL BANK OF CANADA /FI/ last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
A	agilent technologies inc	0.03	252,650	34,377,100	added	3.62

AAPL	apple inc	3.53	14,291,500	3,885,150,000	reduced	-17.23

ABBV	abbvie inc	0.38	1,841,070	420,650,000	reduced	-3.66

ABC	cencora inc	0.03	103,167	34,841,800	added	1.32

ABNB	airbnb inc	0.03	224,689	30,493,500	reduced	-48.25

ABT	abbott labs	0.14	1,230,600	154,174,000	added	78.45

ACN	accenture plc ireland	0.03	107,389	28,816,400	added	14.93

ADBE	adobe inc	0.14	435,437	152,390,000	added	3.65

ADI	analog devices inc	0.15	618,059	167,610,000	reduced	-17.94

ADP	automatic data processing in	0.14	580,504	149,320,000	added	44.26

ADSK	autodesk inc	0.06	219,090	64,851,100	reduced	-2.5

AEM	agnico eagle mines ltd	0.58	3,789,840	639,682,000	reduced	-15.51

AEP	american elec pwr co inc	0.03	312,099	35,984,500	reduced	-3.54

AFK	vaneck etf trust	0.05	646,802	55,476,700	reduced	-59.41

AFL	aflac inc	0.02	197,134	21,736,300	reduced	-16.49

AGI	alamos gold inc new	0.03	740,671	28,585,800	reduced	-31.79

AGZD	wisdomtree tr	0.03	577,358	32,984,400	added	1.14

ALL	allstate corp	0.02	109,368	22,763,700	reduced	-44.27

ALNY	alnylam pharmaceuticals inc	0.02	66,433	26,415,900	added	6,841

AMAT	applied matls inc	0.23	984,682	253,033,000	reduced	-38.02