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NATIONAL BANK OF CANADA /FI/

Institutional InvestorSimilar funds →SEC EDGAR: CIK 926171
Institutional-grade research for retail investors

Sector Allocation

  • Technology43.3%$49.4B
  • Financials18.0%$20.6B
  • Consumer Discretionary8.0%$9.1B
  • Healthcare5.4%$6.1B
  • Industrials5.2%$6.0B
  • Energy4.8%$5.5B
  • Materials3.7%$4.2B
  • Consumer Staples3.0%$3.4B
  • Other2.6%$3.0B
  • Communication Services2.4%$2.7B

AUM History

13fpro.ai/research/fund/national-bank-of-canada-fi-926171

Conviction and streaks

Concentrating · top 10 = 34.7%

From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.

NVDA$NVDAConviction hold6.8% weight · held 7 quartersMSFT$MSFTConviction hold3.8% weight · held 7 quartersGOOG$GOOGConviction hold3.6% weight · held 7 quartersMU$MUConviction hold3.3% weight · held 7 quartersAAPL$AAPLConviction hold3.3% weight · held 7 quartersIVZ$IVZAccumulating+2690% shares · 6 quarters running$Accumulating+119342% shares · 6 quarters running$Accumulating+4548% shares · 6 quarters runningEME$EMEAccumulating+14501% shares · 5 quarters running$Accumulating+1589% shares · 5 quarters runningLSPD$LSPDTrimming-83% shares · 8 quarters runningGXO$GXOTrimming-98% shares · 6 quarters running$Trimming-100% shares · 6 quarters runningDASH$DASHTrimming-86% shares · 5 quarters runningBMO$BMOTrimming-68% shares · 4 quarters running

Largest positions — Q2 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/national-bank-of-canada-fi-926171

NATIONAL BANK OF CANADA /FI/ 13F holdings — Q2 2026

$139.8B portfolio (+25.4% QoQ) · 3,116 holdings · Q2 2026 13F · top 10 are 35% of the stock portfolio

Includes $25.7B of put/call options ($18.9B puts, $6.7B calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $114.2B. Weights use the stock portfolio.

All holdings — NATIONAL BANK OF CANADA /FI/ (Q2 2026)

3,116 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated. The page lists up to 1,000; every position is in the Excel export.

Company
GOOG$GOOGAlphabet Inc.$2.5B-8%
BMO$BMOBANK OF MONTREAL /CAN/$1.8B-3%
MU$MUPUTMICRON TECHNOLOGY INC$1.8B+87%
TSLA$TSLATesla, Inc.$1.7B-23%
GOOG$GOOGPUTAlphabet Inc.$1.7B+81%
NVDA$NVDAPUTNVIDIA CORP$1.6B-35%
CM$CMCANADIAN IMPERIAL BANK OF COMMERCE /CAN/$1.6B+5%
BNS$BNSBANK OF NOVA SCOTIA$1.4B-4%
AMZN$AMZNPUTAMAZON COM INC$1.3B+78%
INTC$INTCINTEL CORP$1.2B-5%
MSFT$MSFTPUTMICROSOFT CORP$1.2B+3%
JPM$JPMJPMORGAN CHASE & CO$1.2B-4%
SHOP$SHOPSHOPIFY INC.$1.1B-22%
ENB$ENBENBRIDGE INC$1.1B+6%
MFC$MFCMANULIFE FINANCIAL CORP$1.1B+1%

What changed in Q2 2026

Against the previous quarter's 13F: 482 new, 1,204 added to, 977 trimmed, 299 sold out. Share-count changes; largest moves by dollar size first.

New positions (482)

  • AAPL$AAPLCALLApple Inc.$889.5M

    first bought this quarter

  • MU$MUCALLMICRON TECHNOLOGY INC$681.0M

    first bought this quarter

  • MRVL$MRVLPUTMarvell Technology, Inc.$473.6M

    first bought this quarter

  • TSM$TSMPUTTAIWAN SEMICONDUCTOR MANUFACTURING CO LTD$382.1M

    first bought this quarter

  • PUTINTERNATIONAL BUSINESS MACHS - PUT$314.3M

    first bought this quarter

  • CI$CIPUTCigna Group$272.1M

    first bought this quarter

+476 more in the Excel export

Added to (1,204)

  • META$METAMeta Platforms, Inc.+90%

    now $3.2B · held 4+ qtrs

  • META$METAPUTMeta Platforms, Inc.+369%

    now $1.1B

  • MU$MUPUTMICRON TECHNOLOGY INC+87%

    now $1.8B

  • GOOG$GOOGPUTAlphabet Inc.+81%

    now $1.7B

  • MRVL$MRVLMarvell Technology, Inc.+241%

    now $1.0B · held 4+ qtrs

  • AMZN$AMZNPUTAMAZON COM INC+78%

    now $1.3B

+1,198 more in the Excel export

Trimmed (977)

  • AMD$AMDADVANCED MICRO DEVICES INC-64%

    now $933.9M · held 4+ qtrs

  • AAPL$AAPLApple Inc.-29%

    now $3.7B · held 4+ qtrs

  • AMD$AMDPUTADVANCED MICRO DEVICES INC-73%

    now $485.1M

  • MU$MUMICRON TECHNOLOGY INC-25%

    now $3.7B · held 4+ qtrs

  • UNH$UNHPUTUNITEDHEALTH GROUP INC-79%

    now $249.4M

  • UNH$UNHUNITEDHEALTH GROUP INC-58%

    now $670.7M · held 4+ qtrs

+971 more in the Excel export

Sold out (299)

  • ADBE$ADBEPUTADOBE INC.was $241.9M
  • CVX$CVXCALLCHEVRON CORPwas $151.0M
  • BRK-A$BRK-ACALLBERKSHIRE HATHAWAY INCwas $143.8M
  • CRM$CRMPUTSalesforce, Inc.was $121.3M
  • GE$GECALLGENERAL ELECTRIC COwas $107.8M
  • FUTU$FUTUFutu Holdings Ltdwas $101.3M

    held 5+ qtrs

+293 more in the Excel export

Share

Holdings by quarter

Every 13F NATIONAL BANK OF CANADA /FI/ has filed, 18 earlier quarters. Pick one to see what it held then.

Email me the moment this fund files its next 13FPro

Is it too late to follow NATIONAL BANK OF CANADA?

Q2 2026 13F filed with the SEC on Aug 10, 2026. Prices are closing prices as of Oct 27, 2026.

Average quality of NATIONAL BANK OF CANADA's top 20 holdings: 77/100 (our AI quality score, weighted by position size; 19 of the 20 are scored)

Top 10 since filing

-0.3%

Value-weighted move of the 10 largest stock positions

Turnover

14%

Last quarter

Top 10 weight

35%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

99%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q3 2025 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

Portfolio Overview

NATIONAL BANK OF CANADA /FI/ disclosed 3,116 positions worth $139.8B in its Form 13F-HR for Q2 2026 — $114.2B in common stock plus $25.7B of put/call option positions (reported at underlying notional value, not premium at risk), led by $NVDA (NVIDIA CORP) at 6.8% of the equity portfolio, followed by $MSFT and $GOOGL. During the quarter the fund opened 482 new positions and exited 299 — including a new stake in $AAPL and a full exit from $ADBE. The portfolio is most concentrated in Technology (43.3% of disclosed assets). All figures are sourced directly from NATIONAL BANK OF CANADA /FI/’s Form 13F-HR filing with the SEC under CIK 926171.

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AI-Powered Hedge Fund Analysis: NATIONAL BANK OF CANADA /FI/

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Every holding in NATIONAL BANK OF CANADA /FI/'s portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.