Q2 2026 13F · SEC CIK 926171

National Bank of Canada /fi/

Bank & trustFiled 2026-08-10 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $114.2B
Reported positions: 2,780
Top holdings a year, 3 yrs: +28.5%
Average holding period: 3.8 yrs

National Bank of Canada /fi/ is a bank & trust that reported 2,780 positions worth $114.2B in its Q2 2026 13F, filed 2026-08-10. Its largest holdings were Nvidia Corporation Com (NVDA, 6.8%), Microsoft Corp (MSFT, 3.7%), Alphabet Inc (GOOGL, 3.6%). A portfolio copying its top holdings returned 28.5% a year over the last 3 years, against 20.4% for the S&P 500.

National Bank of Canada /fi/ holdings largest 50 of 2,780 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

National Bank of Canada /fi/ 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation Com	6.8%	7.1%	38,799,597	-2.7%	$7.8B
MSFTMicrosoft Corp	3.7%	4.5%	11,471,101	-3.6%	$4.3B
GOOGLAlphabet Inc	3.6%	3.2%	11,397,542	+6.1%	$4.1B
MUMicron Technology Inc	3.3%	1.5%	3,246,052	-24.9%	$3.7B
AAPLApple Inc	3.3%	4.7%	12,865,989	-28.5%	$3.7B
RYRoyal Bank of Canada	3.0%	2.7%	16,356,045	+1.1%	$3.4B
AMZNAmazon Com Inc Com	2.9%	2.5%	14,113,689	+20.4%	$3.4B
TDToronto Dominion Bank	2.9%	2.6%	27,343,546	-0.3%	$3.3B
METAMeta Platforms Inc Class A	2.8%	1.7%	5,666,938	+90.3%	$3.2B
AVGOBroadcom Inc	2.4%	1.9%	7,277,531	+21.2%	$2.7B
GOOGAlphabet Inc	2.2%	2.2%	7,050,507	-7.7%	$2.5B
BMOBank of Montreal	1.6%	1.5%	10,405,423	-3.3%	$1.8B
TSLATesla Inc Com	1.5%	2.0%	4,091,989	-23.4%	$1.7B
CMCanadian Imperial Bank of Co	1.4%	1.3%	13,539,141	+4.5%	$1.6B
BNSBank Nova Scotia B C	1.2%	1.2%	15,686,925	-4.4%	$1.4B
INTCIntel Corp	1.1%	0.4%	8,756,909	-5.0%	$1.2B
JPMJpmorgan Chase & Co	1.0%	1.1%	3,531,066	-4.5%	$1.2B
SHOPShopify Inc	1.0%	1.6%	10,020,663	-21.8%	$1.1B
ENBEnbridge Inc Com	1.0%	1.1%	20,703,852	+6.2%	$1.1B
MFCManulife Finl Corp	0.9%	0.9%	26,549,435	+1.5%	$1.1B
BNBrookfield Corp	0.9%	1.0%	24,328,364	+0.5%	$1.0B
BRK-BBerkshire Hathaway Inc Del	0.9%	0.6%	2,064,664	+74.0%	$1.0B
MRVLMarvell Technology Inc	0.9%	—	3,360,134	—	$1.0B
PLTRPalantir Technologies Inclass Class A	0.8%	0.7%	8,213,944	+74.1%	$958.3M
AMDAdvanced Micro Devices Inc	0.8%	0.9%	1,607,891	-64.4%	$933.9M
TSMTaiwan Semiconductor Manufac	0.8%	0.6%	1,860,966	+6.4%	$888.4M
LLYLilly Eli & Co	0.7%	0.6%	692,569	+11.7%	$830.7M
CNICanadian Natl Ry Co	0.7%	0.7%	6,761,268	+1.1%	$805.3M
CSCOCisco Sys Inc	0.7%	0.6%	6,455,364	-12.6%	$758.2M
CNQCanadian Nat Res Ltd Med Term Com	0.7%	0.6%	19,011,978	+58.4%	$748.7M
COSTCostco Whsl Corp New	0.6%	0.7%	751,142	+13.5%	$702.7M
UNHUnitedhealth Group Inc Com	0.6%	1.1%	1,613,767	-57.8%	$670.7M
TRPTc Energy Corp	0.6%	0.7%	10,054,565	-2.7%	$661.4M
WMTWalmart Inc	0.6%	0.8%	5,832,209	-8.3%	$660.6M
LRCXLam Research Corp	0.5%	0.5%	1,446,518	-41.5%	$626.8M
NOWServicenow Inc Com	0.5%	—	6,234,306	—	$618.9M
CPCanadian Pacific Kansas City	0.5%	0.6%	7,056,476	-0.3%	$610.3M
AEMAgnico Eagle Mines Ltd	0.5%	0.8%	3,924,070	+7.1%	$606.1M
SUSuncor Energy Inc New	0.5%	0.7%	11,148,622	+8.8%	$598.7M
NFLXNetflix Inc Total	0.5%	0.5%	8,381,907	+57.6%	$598.6M
WDCWestern Digital Corp	0.5%	—	909,546	—	$581.0M
BCEBce Inc	0.4%	0.5%	23,165,717	+9.0%	$498.7M
XOMExxon Mobil Corp	0.4%	—	3,608,624	—	$493.4M
QCOMQualcomm Inc	0.4%	—	2,653,357	—	$490.3M
KLACKla Corp	0.4%	—	1,539,211	—	$464.4M
SLFSun Life Financial Inc.	0.4%	0.4%	5,850,227	-12.4%	$457.8M
MAMastercard Inc.	0.4%	0.4%	880,967	+11.4%	$452.4M
IBMInternational Business Machs	0.4%	—	1,545,593	—	$434.6M
AMATApplied Matls Inc	0.4%	0.4%	575,240	-50.8%	$415.9M
FTSFortis Inc	0.3%	—	6,992,312	—	$399.6M

What National Bank of Canada /fi/ bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

META Meta Platforms Inc Class A+90.3% shares
PLTR Palantir Technologies Inclass Class A+74.1% shares
BRK-B Berkshire Hathaway Inc Del+74.0% shares
CNQ Canadian Nat Res Ltd Med Term Com+58.4% shares
NFLX Netflix Inc Total+57.6% shares
AVGO Broadcom Inc+21.2% shares
AMZN Amazon Com Inc Com+20.4% shares
COST Costco Whsl Corp New+13.5% shares

Reduced

AMD Advanced Micro Devices Inc-64.4% shares
UNH Unitedhealth Group Inc Com-57.8% shares
AMAT Applied Matls Inc-50.8% shares
LRCX Lam Research Corp-41.5% shares
AAPL Apple Inc-28.5% shares
MU Micron Technology Inc-24.9% shares
TSLA Tesla Inc Com-23.4% shares
SHOP Shopify Inc-21.8% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +29.2% /yr; S&P 500 +20.1%
3 years: +28.5% /yr; S&P 500 +20.4%
5 years: +12.2% /yr; S&P 500 +13.0%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$114.2B	2,780
Q1 2026	$97.7B	2,633
Q4 2025	$97.4B	2,576
Q3 2025	$88.4B	2,491
Q2 2025	$92.7B	2,610
Q1 2025	$85.3B	2,501
Q4 2024	$77.3B	2,526
Q3 2024	$75.1B	2,536
Q2 2024	$64.3B	2,534
Q1 2024	$57.9B	2,524
Q4 2023	$55.3B	2,521
Q3 2023	$55.0B	2,540

Questions about National Bank of Canada /fi/'s portfolio

What stocks does National Bank of Canada /fi/ own?

National Bank of Canada /fi/'s latest 13F, for Q2 2026 and filed Aug 10, 2026, lists 2,780 positions worth $114.2B. The largest are Nvidia Corporation Com (NVDA) at 6.8%, Microsoft Corp (MSFT) at 3.7%, Alphabet Inc (GOOGL) at 3.6%, Micron Technology Inc (MU) at 3.3% and Apple Inc (AAPL) at 3.3%.

What did National Bank of Canada /fi/ buy last quarter?

In Q2 2026, National Bank of Canada /fi/ added Meta Platforms Inc Class A (META) (+90.3% shares), Palantir Technologies Inclass Class A (PLTR) (+74.1% shares) and Berkshire Hathaway Inc Del (BRK-B) (+74.0% shares), compared with its Q1 2026 filing.

What did National Bank of Canada /fi/ sell last quarter?

In Q2 2026, National Bank of Canada /fi/ cut from its top 50 Honeywell Intl Inc (HON), cut from its top 50 Bank of Amer Corp (BAC), cut from its top 50 Oracle Corp (ORCL), cut from its top 50 Johnson & Johnson (JNJ), cut from its top 50 Rogers Communications Inc (RCI), Advanced Micro Devices Inc (AMD) (-64.4% shares), Unitedhealth Group Inc Com (UNH) (-57.8% shares) and Applied Matls Inc (AMAT) (-50.8% shares), compared with its Q1 2026 filing.

How has National Bank of Canada /fi/'s portfolio performed?

A portfolio copying National Bank of Canada /fi/'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +28.5% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +29.2% against +20.1%. Over 5 years: +12.2% a year against +13.0%.

When is National Bank of Canada /fi/'s next 13F filing due?

13F filings are due 45 days after each quarter ends. National Bank of Canada /fi/'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.