How is hedge fund similarity measured?

Similarity is computed from each fund's top conviction holdings in their latest 13F filing. Funds are scored by the overlap of distinctive shared positions (the mega-caps that nearly every fund owns are excluded), so the ranking reflects genuinely shared strategy rather than common index exposure.

Hedge Funds Similar to NATIONAL BANK OF CANADA /FI/

13F Portfolio OverlapQ1 2026NATIONAL BANK OF CANADA /FI/ portfolio →

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Most similar hedge funds by 13F overlap

NATIONAL BANK OF CANADA /FI/ is an institutional investor managing $111.5B across 2,933 U.S. equity positions as of Q1 2026. Based on the overlap of conviction holdings in their latest 13F filings, the hedge funds with portfolios most similar to NATIONAL BANK OF CANADA /FI/ are MUFG SECURITIES (CANADA), LTD., CIBC WORLD MARKET, Federation des caisses Desjardins du Quebec, with shared positions in $RY, $TD, $SHOP, $BMO, $CM, $BNS. The full ranking of 25 similar funds is below.

#1MUFG SECURITIES (CANADA), LTD.Active

Notable overlap · 16 shared positions

$RY $TD $SHOP $BMO $CM $BNS

$3.5B

43 positions

#2CIBC WORLD MARKET INC.Passive

Notable overlap · 16 shared positions

$RY $TD $SHOP $BMO $CM $BNS

$61.3B

1,463 positions

#3Federation des caisses Desjardins du QuebecPassive

Notable overlap · 16 shared positions

$RY $TD $BMO $SHOP $CM $BNS

$27.8B

2,964 positions

#4Addenda Capital Inc.Active

Notable overlap · 15 shared positions

$RY $TD $SHOP $BMO $CM $BNS

$3.6B

129 positions

#5TD ASSET MANAGEMENT INCPassive

Notable overlap · 16 shared positions

$RY $TD $BMO $CM $ENB $BNS

$123.2B

1,230 positions

#6CIBC Asset Management IncActive

Notable overlap · 15 shared positions

$RY $TD $BMO $CM $SHOP $BNS

$40.9B

1,372 positions

#7TORONTO DOMINION BANKPassive

Notable overlap · 18 shared positions

$RY $BMO $CM $BNS $ENB $MU

$69.7B

2,092 positions

#8BANK OF MONTREAL /CAN/Passive

Notable overlap · 16 shared positions

$RY $TD $BMO $CM $BNS $ENB

$268.5B

3,733 positions

#9MACKENZIE FINANCIAL CORPPassive

Notable overlap · 15 shared positions

$RY $TD $SHOP $BMO $CM $ENB

$83.3B

1,420 positions

#10GUARDIAN CAPITAL LPActive

Notable overlap · 14 shared positions

$RY $TD $SHOP $BMO $CM $ENB

$3.8B

177 positions

#11SCOTIA CAPITAL INC.Active

Notable overlap · 15 shared positions

$RY $TD $BMO $CM $BNS $ENB

$24.3B

916 positions

#121832 Asset Management L.P.Active

Notable overlap · 14 shared positions

$RY $TD $SHOP $BMO $BNS $ENB

$108.8B

647 positions

#13Connor, Clark & Lunn Investment Management Ltd.Passive

Notable overlap · 16 shared positions

$RY $TD $SHOP $CM $BNS $ENB

$43.4B

1,526 positions

#14TD Waterhouse Canada Inc.Passive

Notable overlap · 14 shared positions

$RY $TD $BMO $CM $BNS $ENB

$33.7B

2,307 positions

#15Purpose Unlimited Inc.Active

Notable overlap · 15 shared positions

$RY $TD $BMO $BNS $CM $ENB

$2.4B

577 positions

#16PCJ Investment Counsel Ltd.Passive

Notable overlap · 13 shared positions

$RY $TD $SHOP $BMO $CM $ENB

$352M

59 positions

#17BANK OF NOVA SCOTIA TRUST COActive

Notable overlap · 14 shared positions

$RY $TD $BMO $BNS $ENB $BN

$1.2B

161 positions

#18Gold Investment Management Ltd.Passive

Notable overlap · 15 shared positions

$TD $RY $CM $BNS $ENB $BN

$323M

201 positions

#19Hillsdale Investment Management Inc.Passive

Notable overlap · 13 shared positions

$RY $TD $BMO $CM $SHOP $BNS

$3.7B

655 positions

#20INTACT INVESTMENT MANAGEMENT INC.Passive

Notable overlap · 14 shared positions

$RY $TD $BMO $ENB $MFC $CM

$3.5B

269 positions

#21ROYAL BANK OF CANADAPassive

Notable overlap · 15 shared positions

$RY $TD $BMO $CM $ENB $BNS

$570.1B

7,430 positions

#22BANK OF NOVA SCOTIAActive

Notable overlap · 16 shared positions

$RY $TD $CM $BMO $BN $MU

$57.2B

1,073 positions

#23Guardian Partners Inc.Active

Notable overlap · 12 shared positions

$RY $TD $BMO $CM $BNS $ENB

$1.2B

192 positions

#24Lorne Steinberg Wealth Management Inc.Passive

Notable overlap · 12 shared positions

$RY $TD $BMO $CM $BNS $BN

$422M

68 positions

#25Tacita Capital IncPassive

Notable overlap · 12 shared positions

$RY $TD $BNS $ENB $BN $BMO

$169M

238 positions

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View NATIONAL BANK OF CANADA /FI/’s holdings

Similarity is derived from each fund’s latest 13F-HR filing with the SEC. Funds are ranked by the overlap of distinctive conviction holdings; near-universal mega-cap positions are excluded so the ranking reflects shared strategy, not common index exposure. Data is informational only and not investment advice.