Filed: 11/14/2025ACC: 0000926171-25-000015
📋 What this filing means
NATIONAL BANK OF CANADA /FI/ filed this quarterly 13F‑HR report disclosing 2827 equity positions with a total reported market value of $100.44B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
2827
Positions
$100.44B
Total AUM (reported)
894.46M
Total Shares
Allocation by class
COM$63.93B63.7%
PUT$6.34B6.3%
CALL$5.66B5.6%
CL A$4.64B4.6%
COM NEW$4.45B4.4%
CAP STK CL A$1.62B1.6%
CL A SUB VTG SHS$1.46B1.5%
Portfolio Concentration
Top 3$13.39B13.3%
4–10$15.21B15.1%
11–25$14.99B14.9%
Rest$56.84B56.6%
Top 3 weight
13.3%
Top 10 weight
28.5%
Voting Authority Distribution
Total shares with voting rights: 894.46M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
693.71M
shares
% of voting shares77.6%
None
No voting authority
200.75M
shares
% of voting shares22.4%
Investment Discretion (by position count)
Sole0
Shared0
Other2827
Dominant voting typeShared · 77.6% of voting shares
Institutional Holdings2827
Rows:
NVIDIA CORPORATION
DFNDShares25.34M
TypeSH
Market value$4.73B
4.71%
Sole
0.00
Shared
13.43M
None
11.91M
APPLE INC
DFNDShares17.27M
TypeSH
Market value$4.40B
4.38%
Sole
0.00
Shared
8.81M
None
8.46M
MICROSOFT CORP
DFNDShares8.25M
TypeSH
Market value$4.27B
4.25%
Sole
0.00
Shared
5.92M
None
2.32M
ROYAL BK CDA
DFNDShares18.50M
TypeSH
Market value$2.72B
2.71%
Sole
0.00
Shared
18.31M
None
187.79K
AMAZON COM INC
DFNDShares11.99M
TypeSH
Market value$2.63B
2.62%
Sole
0.00
Shared
8.93M
None
3.06M
TORONTO DOMINION BK ONT
DFNDShares29.93M
TypeSH
Market value$2.39B
2.38%
Sole
0.00
Shared
29.68M
None
248.09K
BROADCOM INC
DFNDShares7.11M
TypeSH
Market value$2.35B
2.33%
Sole
0.00
Shared
4.01M
None
3.10M
META PLATFORMS INC
DFNDShares2.69M
TypeSH
Market value$1.98B
1.97%
Sole
0.00
Shared
1.72M
None
976.04K
ALPHABET INC
DFNDShares6.68M
TypeSH
Market value$1.62B
1.62%
Sole
0.00
Shared
4.85M
None
1.83M
TESLA INC
DFNDShares3.42M
TypeSH
Market value$1.52B
1.51%
Sole
0.00
Shared
2.29M
None
1.13M
BANK MONTREAL QUE
DFNDShares11.25M
TypeSH
Market value$1.46B
1.46%
Sole
0.00
Shared
11.17M
None
84.66K
SHOPIFY INC
DFNDShares9.85M
TypeSH
Market value$1.46B
1.45%
Sole
0.00
Shared
9.70M
None
141.55K
BROOKFIELD CORP
DFNDShares19.96M
TypeSH
Market value$1.37B
1.36%
Sole
0.00
Shared
19.81M
None
146.25K
CANADIAN IMPERIAL BANK OF CO
DFNDShares13.93M
TypeSH
Market value$1.11B
1.11%
Sole
0.00
Shared
13.82M
None
109.69K
BANK NOVA SCOTIA HALIFAX
DFNDShares17.11M
TypeSH
Market value$1.11B
1.10%
Sole
0.00
Shared
16.90M
None
207.04K
ALPHABET INC
DFNDShares4.20M
TypeSH
Market value$1.02B
1.02%
Sole
0.00
Shared
3.74M
None
460.39K
JPMORGAN CHASE & CO.
DFNDShares3.11M
TypeSH
Market value$981.52M
0.98%
Sole
0.00
Shared
2.26M
None
854.32K
UNITEDHEALTH GROUP INC
DFNDShares2.84M
TypeSH
Market value$979.66M
0.98%
Sole
0.00
Shared
1.54M
None
1.30M
ENBRIDGE INC
DFNDShares18.63M
TypeSH
Market value$938.24M
0.93%
Sole
0.00
Shared
18.29M
None
338.90K
MANULIFE FINL CORP
DFNDShares28.20M
TypeSH
Market value$878.18M
0.87%
Sole
0.00
Shared
28M
None
199.40K
STRATEGY INC
DFNDShares26.74K
TypeSH
Market value$861.62M
0.86%
Sole
0.00
Shared
17.95K
None
8.79K
AGNICO EAGLE MINES LTD
DFNDShares4.49M
TypeSH
Market value$752.56M
0.75%
Sole
0.00
Shared
4.43M
None
59K
NVIDIA CORPORATION
DFNDShares39.50K
TypeSH
Market value$736.99M
0.73%
Sole
0.00
Shared
39.50K
None
0.00
HONEYWELL INTL INC
DFNDShares3.19M
TypeSH
Market value$671.53M
0.67%
Sole
0.00
Shared
986.22K
None
2.20M
STRATEGY INC
DFNDShares2.04M
TypeSH
Market value$658.85M
0.66%
Sole
0.00
Shared
1.86M
None
180.89K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NVIDIA CORPORATIONDFND | COM | 25.34M | SH | $4.73B 4.71% | 0.00 | 13.43M | 11.91M |
APPLE INCDFND | COM | 17.27M | SH | $4.40B 4.38% | 0.00 | 8.81M | 8.46M |
MICROSOFT CORPDFND | COM | 8.25M | SH | $4.27B 4.25% | 0.00 | 5.92M | 2.32M |
ROYAL BK CDADFND | COM | 18.50M | SH | $2.72B 2.71% | 0.00 | 18.31M | 187.79K |
AMAZON COM INCDFND | COM | 11.99M | SH | $2.63B 2.62% | 0.00 | 8.93M | 3.06M |
TORONTO DOMINION BK ONTDFND | COM NEW | 29.93M | SH | $2.39B 2.38% | 0.00 | 29.68M | 248.09K |
BROADCOM INCDFND | COM | 7.11M | SH | $2.35B 2.33% | 0.00 | 4.01M | 3.10M |
META PLATFORMS INCDFND | CL A | 2.69M | SH | $1.98B 1.97% | 0.00 | 1.72M | 976.04K |
ALPHABET INCDFND | CAP STK CL A | 6.68M | SH | $1.62B 1.62% | 0.00 | 4.85M | 1.83M |
TESLA INCDFND | COM | 3.42M | SH | $1.52B 1.51% | 0.00 | 2.29M | 1.13M |
BANK MONTREAL QUEDFND | COM | 11.25M | SH | $1.46B 1.46% | 0.00 | 11.17M | 84.66K |
SHOPIFY INCDFND | CL A SUB VTG SHS | 9.85M | SH | $1.46B 1.45% | 0.00 | 9.70M | 141.55K |
BROOKFIELD CORPDFND | CL A LTD VT SH | 19.96M | SH | $1.37B 1.36% | 0.00 | 19.81M | 146.25K |
CANADIAN IMPERIAL BANK OF CODFND | COM | 13.93M | SH | $1.11B 1.11% | 0.00 | 13.82M | 109.69K |
BANK NOVA SCOTIA HALIFAXDFND | COM | 17.11M | SH | $1.11B 1.10% | 0.00 | 16.90M | 207.04K |
ALPHABET INCDFND | CAP STK CL C | 4.20M | SH | $1.02B 1.02% | 0.00 | 3.74M | 460.39K |
JPMORGAN CHASE & CO.DFND | COM | 3.11M | SH | $981.52M 0.98% | 0.00 | 2.26M | 854.32K |
UNITEDHEALTH GROUP INCDFND | COM | 2.84M | SH | $979.66M 0.98% | 0.00 | 1.54M | 1.30M |
ENBRIDGE INCDFND | COM | 18.63M | SH | $938.24M 0.93% | 0.00 | 18.29M | 338.90K |
MANULIFE FINL CORPDFND | COM | 28.20M | SH | $878.18M 0.87% | 0.00 | 28M | 199.40K |
STRATEGY INCDFND | PUT | 26.74K | SH | $861.62M 0.86% | 0.00 | 17.95K | 8.79K |
AGNICO EAGLE MINES LTDDFND | COM | 4.49M | SH | $752.56M 0.75% | 0.00 | 4.43M | 59K |
NVIDIA CORPORATIONDFND | CALL | 39.50K | SH | $736.99M 0.73% | 0.00 | 39.50K | 0.00 |
HONEYWELL INTL INCDFND | COM | 3.19M | SH | $671.53M 0.67% | 0.00 | 986.22K | 2.20M |
STRATEGY INCDFND | CL A NEW | 2.04M | SH | $658.85M 0.66% | 0.00 | 1.86M | 180.89K |
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