§ 13F · FUND PROFILE
NATIONAL BANK OF CANADA /FI/.
Canadian bank, capital markets
AUM · $318.7B (13F)Positions · 17144Turnover · 46% · Q1Filed · May 15, 2026
CONCENTRATION
19%
Top 10 holdings
NEW BUYS
+403
+$2.9B deployed
EXITS
0
No exits
SECTOR SHIFT
MEDIA → SEMICONDUCTORS
-2pp · +4pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED MAY 15, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 26.94M | $4.7B | 4.2% | +48% |
| 2 | AAPL | APPLE INC | 11.17M | $2.8B | 2.5% | +26% |
| 3 | MSFT | MICROSOFT CORP | 6.69M | $2.5B | 2.2% | +20% |
| 4 | TD | TORONTO DOMINION BK ONT | 20.38M | $1.9B | 1.7% | +7% |
| 5 | NVDA | NVIDIA CORPORATION | 10.47M | $1.8B | 1.6% | — |
| 6 | AMZN | AMAZON COM INC | 7.83M | $1.6B | 1.5% | +9% |
| 7 | TSLA | TESLA INC | 3.96M | $1.5B | 1.3% | ±0% |
| 8 | RY | ROYAL BK CDA | 9.08M | $1.5B | 1.3% | −3% |
| 9 | GOOGL | ALPHABET INC | 4.80M | $1.4B | 1.2% | +10% |
| 10 | MSFT | MICROSOFT CORP | 3.70M | $1.4B | 1.2% | — |
§ 02 · SECTOR ALLOCATION
Where the money is
Other39.4% (−1pp)
Semiconductors15.9% (+4pp)
Technology15.7% (±0)
Banking10.2% (±0)
Media8.3% (−2pp)
Retail5.9% (±0)
§ 03 · THE NATIONAL SIGNAL
AC read
NATIONAL BANK OF CANADA /FI/ is a Dealer / Bank fund managing $318.7 billion in assets. The fund runs a massive portfolio of 17,144 positions, broad diversification across holdings. Trading activity is aggressive at 46% quarterly turnover, with 403 new positions and 0 exits last quarter. Top sector allocations: Other (39%), Semiconductors (16%), Technology (16%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q1 2026
Busy quarter
+403 buys · −0 exits · 2109 changed
Q4 2025
Busy quarter
+2868 buys · −0 exits · 0 changed
Q2 2025
Busy quarter
+465 buys · −0 exits · 2516 changed
Q2 2025
Busy quarter
+465 buys · −0 exits · 2516 changed