§ 13F · FUND PROFILE
NATIONAL BANK OF CANADA /FI/.
Canadian bank, capital markets
AUM · $318741.0T (13F)Positions · 17144Turnover · 100% · Q4Filed · Feb 17, 2026
CONCENTRATION
18%
Top 10 holdings
NEW BUYS
+5428
+$109988.7T deployed
EXITS
0
No exits
SECTOR SHIFT
OTHER → MEDIA
-5pp · +3pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 17, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 16.52M | $3081.2T | 2.8% | NEW |
| 2 | MSFT | MICROSOFT CORP | 6.13M | $2966.1T | 2.7% | NEW |
| 3 | AAPL | APPLE INC | 9.51M | $2586.3T | 2.4% | NEW |
| 4 | AMZN | AMAZON COM INC | 8.16M | $1882.7T | 1.7% | NEW |
| 5 | TD | TORONTO DOMINION BK ONT | 18.43M | $1736.5T | 1.6% | NEW |
| 6 | TSLA | TESLA INC | 3.82M | $1716.5T | 1.6% | NEW |
| 7 | RY | ROYAL BK CDA | 9.63M | $1641.3T | 1.5% | NEW |
| 8 | NVDA | NVIDIA CORPORATION | 8.38M | $1562.6T | 1.4% | NEW |
| 9 | META | META PLATFORMS INC | 2.32M | $1530.7T | 1.4% | NEW |
| 10 | GOOGL | ALPHABET INC | 4.18M | $1309.5T | 1.2% | NEW |
§ 02 · SECTOR ALLOCATION
Where the money is
Other40.8% (−5pp)
Technology16.2% (+1pp)
Semiconductors11.7% (+2pp)
Banking10.4% (±0)
Media10.0% (+3pp)
Retail5.8%
§ 03 · THE NATIONAL SIGNAL
AC read
NATIONAL BANK OF CANADA /FI/ is a Dealer / Bank fund managing $318740968.5 trillion in assets. The fund runs a massive portfolio of 17,144 positions, broad diversification across holdings. Trading activity is aggressive at 100% quarterly turnover, with 5428 new positions and 0 exits last quarter. Top sector allocations: Other (41%), Technology (16%), Semiconductors (12%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Busy quarter
+5428 buys · −0 exits · 0 changed
Q2 2025
Steady book
+0 buys · −0 exits · 0 changed
Q2 2025
Steady book
+0 buys · −0 exits · 0 changed
Q2 2025
Steady book
+0 buys · −0 exits · 0 changed