§ 13F · FUND PROFILE
NATIONAL BANK OF CANADA /FI/.
Canadian bank, capital markets
AUM · $139.8B (13F)Positions · 5772Turnover · 46% · Q2Filed · Aug 10, 2026
CONCENTRATION
18%
Top 10 holdings
NEW BUYS
+501
+$5.7B deployed
EXITS
0
No exits
SECTOR SHIFT
OTHER → SEMICONDUCTORS
-6pp · +5pp
§ 01 · TOP HOLDINGS
The book · Q2 2026
FILED AUG 10, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q2 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 24.17M | $4.8B | 3.5% | −3% |
| 2 | AAPL | APPLE INC | 9.08M | $2.6B | 1.9% | −29% |
| 3 | MSFT | MICROSOFT CORP | 6.78M | $2.5B | 1.8% | −4% |
| 4 | NVDA | NVIDIA CORPORATION | 12.28M | $2.5B | 1.8% | — |
| 5 | TD | TORONTO DOMINION BK ONT | 19.93M | $2.4B | 1.7% | ±0% |
| 6 | AMZN | AMAZON COM INC | 10.12M | $2.4B | 1.7% | +20% |
| 7 | GOOGL | ALPHABET INC | 5.82M | $2.1B | 1.5% | +6% |
| 8 | MU | MICRON TECHNOLOGY INC | 1.72M | $2.0B | 1.4% | −25% |
| 9 | AVGO | BROADCOM INC | 5.22M | $2.0B | 1.4% | +21% |
| 10 | META | META PLATFORMS INC | 3.41M | $1.9B | 1.4% | +90% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other33.3% (−6pp)
Semiconductors20.9% (+5pp)
Technology14.6% (−1pp)
Media10.3% (+2pp)
Banking10.0% (±0)
Retail6.2% (±0)
§ 03 · THE NATIONAL SIGNAL
AC read
NATIONAL BANK OF CANADA /FI/ is a Dealer / Bank fund managing $139.8 billion in assets. The fund runs a massive portfolio of 5,772 positions, broad diversification across holdings. Trading activity is aggressive at 46% quarterly turnover, with 501 new positions and 0 exits last quarter. Top sector allocations: Other (33%), Semiconductors (21%), Technology (15%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
4 OF 2 FILINGS MEASURED
Q2 2026
Busy quarter
+501 buys · −0 exits · 2167 changed
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