NATIONAL BANK OF CANADA /FI/

Bank

CIK

926171

Location

MONTREAL, A8

Portfolio Value

Mega $111,325,339,596

Diversification

Diversified

Reports for

National Bank Financial Inc. NATIONAL BANK OF CANADA FINANCIAL INC. NBC Global Finance Ltd NATIONAL BANK TRUST INC. NATIONAL BANK INVESTMENTS INC.

Filing Date

Global Rank

#85 / 8,675 —

Top Industry

Semiconductors 17.8%

3Y Alpha vs SPY

+33.1%

Period ended 2 months ago

Filed Aug 10, 2026 · 22d

19 quarters · since Dec 2021

Clone Performance

Sep 2023–Sep 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+249.4%

SPY

+70.5%

Annualised alpha

+32.3%

Max drawdown

−17.5%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends. Captured split ratios restate closes onto one basis; only an unusable ratio can exclude earlier closes for that listing. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

2,011 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

7.0%

−0.4 pts

Top 5

23.4%

−1.8 pts

Top 10

37.8%

+1.4 pts

HHI

192

Diversified−3

Portfolio Trend

19 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	34.5%	$38,455,684,600	320
Financial Services	19.0%	$21,107,825,481	252
Communication Services	11.4%	$12,724,736,408	96
Consumer Cyclical	8.4%	$9,372,883,835	196
Industrials	6.5%	$7,282,771,482	270
Healthcare	5.6%	$6,224,935,054	326
Energy	5.2%	$5,811,653,253	103
Basic Materials	3.1%	$3,453,919,509	165
Consumer Defensive	2.9%	$3,229,034,943	89
Utilities	1.7%	$1,892,688,460	55
Unclassified	0.8%	$894,421,519	77
Real Estate	0.8%	$874,785,052	62

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
CNQ	CANADIAN NATURAL RESOURCES Ltd	+7,007,557	19,011,978	$750,973,130
TU	Telus Corp	+4,852,643	28,782,793	$304,234,120
NOW	ServiceNow, Inc.	+3,868,044	6,234,306	$618,941,898
PLTR	Palantir Technologies Inc.	+3,494,669	8,213,944	$958,320,843
NKE	NIKE, Inc.	+3,402,783	3,919,850	$160,909,840
NFLX	Netflix Inc	+3,064,607	8,381,907	$598,468,159
TME	Tencent Music Entertainment Group	+3,050,604	3,066,391	$25,604,364
META	Meta Platforms, Inc.	+2,688,422	5,666,938	$3,192,129,505
AMZN	Amazon Com Inc	+2,395,180	14,113,689	$3,363,856,634
MRVL	Marvell Technology, Inc.	+2,375,266	3,360,134	$1,000,950,315
NOK	Nokia Corp	+2,284,159	2,621,140	$34,808,739
XOM	ExxonMobil Holdings Corp	+2,136,204	3,608,624	$493,371,071
HPE	Hewlett Packard Enterprise Co	+1,973,575	2,794,773	$126,072,208
NU	Nu Holdings Ltd.	+1,954,750	2,368,172	$31,638,777
BCE	Bce Inc	+1,915,078	23,165,717	$498,294,571
BABA	Alibaba Group Holding Ltd	+1,779,074	2,057,785	$197,506,203
BKNG	Booking Holdings Inc.	+1,722,773	1,774,284	$316,248,378
QCOM	Qualcomm Inc/De	+1,661,103	2,653,357	$490,313,837
NCLH	Norwegian Cruise Line Holdings Ltd.	+1,553,538	3,867,551	$81,644,000
KGC	Kinross Gold Corp	+1,407,822	10,328,709	$243,964,105
KLAC	Kla Corp	+1,397,953	1,539,211	$464,395,348
IBN	Icici Bank Ltd	+1,379,296	4,661,307	$135,317,741
QUBT	Quantum Computing Inc.	+1,319,087	1,458,236	$14,144,889
AVGO	Broadcom Inc.	+1,270,659	7,277,531	$2,749,087,333
BB	BLACKBERRY Ltd	+1,247,690	1,659,068	$20,987,209
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
BYND	Beyond Meat, Inc.	−5,442,488	1,095,877	$27,395
WBD	Warner Bros. Discovery, Inc.	−5,412,365	7,887,162	$210,271,735
AAPL	Apple Inc.	−5,132,891	12,865,989	$3,722,902,574
BTE	Baytex Energy Corp.	−4,349,745	559,033	$2,236,132
ROIV	Roivant Sciences Ltd.	−3,524,126	2,773,874	$98,167,400
BAC	Bank Of America Corp /De/	−3,209,090	6,840,690	$389,782,514
BTG	B2gold Corp	−3,201,110	3,794,424	$14,191,145
AMD	Advanced Micro Devices Inc	−2,909,427	1,607,891	$934,039,959
HON	Honeywell International Inc	−2,846,727	25,024	$5,602,873
SHOP	Shopify Inc.	−2,791,255	10,020,663	$1,144,159,299
UNH	Unitedhealth Group Inc	−2,212,756	1,613,767	$670,729,976
ONDS	Ondas Inc.	−2,123,770	2,097,850	$17,286,284
T	At&T Inc.	−1,931,962	3,733,751	$77,288,643
AZN	Astrazeneca PLC	−1,689,891	447,620	$84,877,702
PFE	Pfizer Inc	−1,632,776	3,503,491	$84,364,061
BP	Bp PLC	−1,359,943	208,566	$7,706,513
TSLA	Tesla, Inc.	−1,249,353	4,091,989	$1,721,090,571
CRH	Crh Public Ltd Co	−1,247,888	396,939	$42,472,473
VEA	Vanguard FTSE Developed Markets ETF	−1,229,230	943,131	$67,198,083
VALE	Vale S.A.	−1,227,797	77,888	$1,171,435
HBM	Hudbay Minerals Inc.	−1,100,087	1,668,804	$39,400,462
NVDA	Nvidia Corp	−1,088,556	38,799,597	$7,763,411,361
MU	Micron Technology Inc	−1,077,211	3,246,052	$3,746,885,360
TAL	TAL Education Group	−1,057,900	450,000	$4,306,500
ADBE	Adobe Inc.	−1,028,689	376,001	$77,087,723
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AVT	Avnet Inc	300,594	$26,698,759
AYA	Aya Gold & Silver Inc.	475,796	$9,011,575
OGC	OceanaGold Corp	318,531	$7,988,756
RIOT	Riot Platforms, Inc.	265,000	$7,255,700
WSE	Wise Group plc	589,934	$7,026,113
BZ	Kanzhun Ltd	500,000	$6,435,000
BHF	Brighthouse Financial, Inc.	100,000	$6,330,000
GPK	Graphic Packaging Holding Co	581,900	$6,150,683
SPCX	Space Exploration Technologies Corp	33,901	$5,792,324
HONA	Honeywell Aerospace Inc.	24,377	$5,389,266
NLY	Annaly Capital Management Inc	222,925	$4,984,602
AMKR	Amkor Technology, Inc.	52,688	$4,543,286
ZTO	ZTO Express (Cayman) Inc.	200,000	$4,476,000
PAC	Pacific Airport Group	13,000	$3,291,080
BLTE	Belite Bio, Inc	20,000	$3,079,700
FXB	Invesco CurrencyShares British Pound Sterling Trust	20,458	$2,611,259
BILI	Bilibili Inc.	80,888	$1,377,522
FDXF	FedEx Freight Holding Company, Inc.	8,862	$1,338,162
YPF	Ypf Sociedad Anonima	27,575	$1,253,835
AWI	Armstrong World Industries Inc	7,600	$1,219,192
ASX	ASE Technology Holding Co., Ltd.	25,015	$1,128,676
NXST	Nexstar Media Group, Inc.	6,000	$1,071,540
AIRR	First Trust RBA American Industrial Renaissance ETF	7,940	$1,058,005
LECO	Lincoln Electric Holdings Inc	3,948	$1,048,233
NCNO	nCino, Inc.	57,000	$931,950
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
FUTU	Futu Holdings Ltd	740,865	$101,320,697
CGGR	Capital Group Growth ETF	800,000	$32,152,000
ASND	Ascendis Pharma A/S	80,017	$18,302,288
CXW	CoreCivic, Inc.	613,000	$11,591,830
AXS	Axis Capital Holdings Ltd	90,414	$9,168,883
PEN	Penumbra Inc	22,000	$7,224,140
GEO	Geo Group Inc	373,000	$6,270,130
WH	Wyndham Hotels & Resorts, Inc.	70,800	$5,751,084
WING	Wingstop Inc.	25,358	$3,929,729
UGI	Ugi Corp /Pa/	79,617	$2,899,651
TKR	Timken Co	28,186	$2,834,666
DDS	Dillard's, Inc.	4,200	$2,402,862
ASR	Southeast Airport Group	7,120	$2,393,245
VIPS	Vipshop Holdings Ltd	151,500	$2,381,580
KEEL	Keel Infrastructure Corp.	1,001,612	$1,953,142
TTC	Toro Co	20,800	$1,943,552
AGO	Assured Guaranty Ltd	17,362	$1,414,655
DLB	Dolby Laboratories, Inc.	13,755	$826,125
GRBK	Green Brick Partners, Inc.	11,982	$772,239
WIT	Wipro Ltd	340,200	$721,224
LAKE	Lakeland Industries Inc	85,200	$697,788
TWI	Titan International Inc	95,478	$659,752
NNE	Nano Nuclear Energy Inc.	25,462	$521,461
LFVN	Lifevantage Corp	70,000	$302,400
TRU	TransUnion	4,201	$290,666
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

2,011 tracked positions · $111,325,339,596 total · filing declares 5,773 positions · $139,832,084,690 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 2,011 positions by value · page 1 of 41

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	38,799,597	-1,088,556	$7,763,411,361	+11.6%	6.97%
GOOGL	Alphabet Inc. Communication Services	Added	18,448,049	+62,358	$6,564,295,217	+24.3%	5.90%
MSFT	Microsoft Corp Technology	Reduced	11,471,101	-431,472	$4,278,950,092	−2.9%	3.84%
MU	Micron Technology Inc Technology	Reduced	3,246,052	-1,077,211	$3,746,885,360	+156.5%	3.37%
AAPL	Apple Inc. Technology	Reduced	12,865,989	-5,132,891	$3,722,902,574	−18.5%	3.34%
RY	Royal Bank Of Canada Financial Services	Added	16,356,045	+173,664	$3,385,210,632	+29.3%	3.04%
AMZN	Amazon Com Inc Consumer Cyclical	Added	14,113,689	+2,395,180	$3,363,856,634	+37.8%	3.02%
TD	Toronto Dominion Bank Financial Services	Reduced	27,343,546	-78,857	$3,320,326,789	+29.8%	2.98%
META	Meta Platforms, Inc. Communication Services	Added	5,666,938	+2,688,422	$3,192,129,505	+87.3%	2.87%
AVGO	Broadcom Inc. Technology	Added	7,277,531	+1,270,659	$2,749,087,333	+47.9%	2.47%
BMO	Bank Of Montreal /Can/ Financial Services	Reduced	10,405,423	-354,875	$1,838,638,242	+26.3%	1.65%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	4,091,989	-1,249,353	$1,721,090,571	−13.3%	1.55%
CM	Canadian Imperial Bank Of Commerce /Can/ Financial Services	Added	13,539,141	+587,079	$1,557,001,215	+26.9%	1.40%
BNS	Bank Of Nova Scotia Financial Services	Reduced	15,686,925	-723,071	$1,362,252,566	+19.8%	1.22%
INTC	Intel Corp Technology	Reduced	8,756,909	-460,163	$1,222,727,201	+200.6%	1.10%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	3,531,066	-165,525	$1,155,823,831	+6.3%	1.04%
SHOP	Shopify Inc. Technology	Reduced	10,020,663	-2,791,255	$1,144,159,299	−24.7%	1.03%
ENB	Enbridge Inc Energy	Added	20,703,852	+1,207,018	$1,122,355,814	+6.3%	1.01%
MFC	Manulife Financial Corp Financial Services	Added	26,549,435	+389,047	$1,075,517,611	+19.4%	0.97%
BN	BROOKFIELD Corp /ON/ Financial Services	Added	24,328,364	+116,323	$1,036,145,020	+5.7%	0.93%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	2,064,666	+878,271	$1,033,152,212	+81.7%	0.93%
MRVL	Marvell Technology, Inc. Technology	Added	3,360,134	+2,375,266	$1,000,950,315	+926.1%	0.90%
PLTR	Palantir Technologies Inc. Technology	Added	8,213,944	+3,494,669	$958,320,843	+38.8%	0.86%
AMD	Advanced Micro Devices Inc Technology	Reduced	1,607,891	-2,909,427	$934,039,959	+1.6%	0.84%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	1,860,966	+111,909	$888,741,531	+50.4%	0.80%
LLY	ELI LILLY & Co Healthcare	Added	692,569	+72,391	$830,688,102	+45.6%	0.75%
CNI	Canadian National Railway Co Industrials	Added	6,761,268	+76,139	$806,213,594	+17.3%	0.72%
CSCO	Cisco Systems, Inc. Technology	Reduced	6,455,364	-926,809	$758,247,053	+32.4%	0.68%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Added	19,011,978	+7,007,557	$750,973,130	+28.4%	0.67%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	751,142	+89,062	$702,670,805	+6.5%	0.63%
UNH	Unitedhealth Group Inc Healthcare	Reduced	1,613,767	-2,212,756	$670,729,976	−35.2%	0.60%
TNCAF	Tc Energy Corp Energy	Reduced	10,054,565	-280,526	$666,517,112	—	0.60%
WMT	Walmart Inc. Consumer Defensive	Reduced	5,832,209	-526,137	$660,555,988	−16.4%	0.59%
LRCX	Lam Research Corp Technology	Reduced	1,446,518	-1,027,923	$626,819,641	+18.6%	0.56%
NOW	ServiceNow, Inc. Technology	Added	6,234,306	+3,868,044	$618,941,898	+150.2%	0.56%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Reduced	7,056,476	-23,741	$611,443,644	+9.8%	0.55%
AEM	Agnico Eagle Mines Ltd Basic Materials	Added	3,924,070	+259,379	$608,740,977	−18.2%	0.55%
NFLX	Netflix Inc Communication Services	Added	8,381,907	+3,064,607	$598,468,159	+17.1%	0.54%
SU	Suncor Energy Inc Energy	Added	11,148,622	+899,433	$598,458,027	−11.7%	0.54%
WDC	Western Digital Corp Technology	Added	909,546	+474,815	$580,945,219	+394.0%	0.52%
BCE	Bce Inc Communication Services	Added	23,165,717	+1,915,078	$498,294,571	−7.1%	0.45%
XOM	ExxonMobil Holdings Corp Energy	Added	3,608,624	+2,136,204	$493,371,071	+97.5%	0.44%
QCOM	Qualcomm Inc/De Technology	Added	2,653,357	+1,661,103	$490,313,837	+283.7%	0.44%
KLAC	Kla Corp Technology	Added	1,539,211	+1,397,953	$464,395,348	+123.3%	0.42%
SLF	Sun Life Financial Inc Financial Services	Reduced	5,850,227	-828,814	$458,774,799	+9.8%	0.41%
MA	Mastercard Inc Financial Services	Added	880,967	+90,261	$452,464,649	+14.5%	0.41%
IBM	International Business Machines Corp Technology	Added	1,545,593	+1,152,754	$434,636,205	+356.5%	0.39%
AMAT	Applied Materials Inc /De Technology	Reduced	575,240	-593,231	$415,898,520	+4.1%	0.37%
FTS	Fortis Inc. Utilities	Added	6,992,312	+209,029	$400,170,013	+5.7%	0.36%
CI	Cigna Group Healthcare	Added	1,436,453	+1,240,125	$396,001,361	+656.2%	0.36%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.