1y return+22.9%S&P 500 +20.9%
3y return+67.7%S&P 500 +68.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2021: $145 against $157 in the S&P 500.2
National Bank Of Canada /fi/S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $7.8B | 6.8% | −2.7% |
| MSFTMicrosoft Corp | $4.3B | 3.7% | −3.6% |
| GOOGLAlphabet Inc | $4.1B | 3.6% | +6.1% |
| MUMicron Technology Inc | $3.7B | 3.3% | −24.9% |
| AAPLApple Inc | $3.7B | 3.3% | −28.5% |
| RYRoyal Bk Cda | $3.4B | 3.0% | +1.1% |
| AMZNAmazon Com Inc | $3.4B | 2.9% | +20.4% |
| TDToronto Dominion Bk Ont | $3.3B | 2.9% | |
| METAMeta Platforms Inc | $3.2B | 2.8% | +90.3% |
| AVGOBroadcom Inc | $2.7B | 2.4% | +21.2% |
| GOOGAlphabet Inc | $2.5B | 2.2% | −7.7% |
| BMOBank Montreal Medium | $1.8B | 1.6% | −3.3% |
| TSLATesla Inc | $1.7B | 1.5% | −23.4% |
| CMCanadian Imperial Bank Of Co | $1.6B | 1.4% | +4.5% |
| BNSBank Nova Scotia B C | $1.4B | 1.2% | −4.4% |
| INTCIntel Corp | $1.2B | 1.1% | −5.0% |
| JPMJpmorgan Chase & Co | $1.2B | 1.0% | −4.5% |
| SHOPShopify Inc | $1.1B | 1.0% | −21.8% |
| ENBEnbridge Inc | $1.1B | 1.0% | +6.2% |
| MFCManulife Finl Corp | $1.1B | 0.9% | +1.5% |
| BNBrookfield Corp | $1.0B | 0.9% | |
| BRK/BBerkshire Hathaway Inc Del | $1.0B | 0.9% | +74.0% |
| MRVLMarvell Technology Inc | $1.0B | 0.9% | +241.2% |
| PLTRPalantir Technologies Inc | $958.3M | 0.8% | +74.1% |
| AMDAdvanced Micro Devices Inc | $933.9M | 0.8% | −64.4% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | December 31, 2021 | +580.3% | $7.8B |
| PLTRPalantir Technologies Inc | December 31, 2021 | +540.7% | $958.3M |
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $626.8M |
| AVGOBroadcom Inc | December 31, 2021 | +467.7% | $2.7B |
| LLYEli Lilly & Co | December 31, 2021 | +334.2% | $830.7M |
| AMDAdvanced Micro Devices Inc | December 31, 2021 | +303.7% | $933.9M |
| TSMTaiwan Semiconductor Manufac | December 31, 2021 | +296.9% | $888.4M |
| AEMAgnico Eagle Mines Ltd | December 31, 2021 | +191.9% | $606.1M |
| GOOGLAlphabet Inc | December 31, 2021 | +146.7% | $4.1B |
| GOOGAlphabet Inc | December 31, 2021 | +144.2% | $2.5B |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $649.1M
- Thomson Reuters CorpCUSIP 884903808 was $166.1M
- FUTUFutu Hldgs Ltd was $101.3M
- Sealed Air Corp NewCUSIP 81211K100 was $77.6M
- Hologic IncCUSIP 436440101 was $65.4M
- CGGRCapital Group Growth Etf was $32.2M
- Carnival CorpCUSIP 143658300 was $21.4M
- Ascendis Pharma A/sCUSIP 04351P101 was $18.3M
- CTRACoterra Energy Inc was $18.0M
- Dupont De Nemours IncCUSIP 26614N102 was $16.1M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +12.8% | +14.8% |
| March 31, 2026 | −3.2% | −4.6% |
| December 31, 2025 | +2.8% | +2.4% |
| September 30, 2025 | +9.5% | +7.8% |
| June 30, 2025 | +13.3% | +10.5% |
| March 31, 2025 | −3.0% | −4.6% |
| December 31, 2024 | +0.0% | +2.1% |
| September 30, 2024 | +6.4% | +5.4% |
| June 30, 2024 | +1.7% | +4.0% |
| March 31, 2024 | +7.0% | +10.0% |
| December 31, 2023 | +12.0% | +11.2% |
| September 30, 2023 | −4.3% | −3.6% |
| June 30, 2023 | +4.7% | +8.3% |
| March 31, 2023 | +4.4% | +7.0% |
| December 31, 2022 | +7.0% | +7.1% |
| September 30, 2022 | −6.5% | −5.3% |
| June 30, 2022 | −17.8% | −16.5% |
| March 31, 2022 | −3.4% | −4.9% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: National Bank Of Canada /fi/ Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=926171&type=13F-HR&dateb=&owner=include&count=40CIK 926171
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/926171/000092617126000010/Filed August 10, 2026 · accession 0000926171-26-000010