SEC 13F Intelligence

Managers / Q4 2024 · view latest →

NATIONAL BANK OF CANADA /FI/

CIK 0000926171 · NATIONAL BANK PLACE, 800 SAINT-JACQUES STREET, MONTREAL, A8, H3C 1A3 · 347-443-2424

Reported Value
$94.4B
Q4 2024
Positions
5,727
Filings on Record
21
2019–present window
Filed
Feb 12, 2025
original filing

Summary

National Bank Of Canada /Fi/ reported $94.4B in U.S.-listed holdings across 5,727 positions for Q4 2024.

Its largest position, NVDA, represents 2.3% of the portfolio.

Compared with Q3 2024, the fund opened 606 new positions and exited 424.

Portfolio Metrics

Turnover
+20.6%
vs prior filed quarter
Top-10 Concentration
+14.4%
share of reported value
Largest Position
+2.3%
Nvidia Corporation
New / Exited
606 / 424
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’21: $29.4BQ4 ’21Q1 ’22: $33.8BQ2 ’22: $21.9BQ3 ’22: $18.6BQ3 ’22Q4 ’22: $39.3BQ1 ’23: $40.6BQ2 ’23: $54.6BQ2 ’23Q3 ’23: $65.7BQ4 ’23: $62.6BQ1 ’24: $65.4BQ1 ’24Q2 ’24: $73.4BQ3 ’24: $87.3BQ4 ’24: $94.4BQ4 ’24Q1 ’25: $95.5BQ2 ’25: $105.2BQ3 ’25: $100.4BQ3 ’25Q4 ’25: $110.0BQ1 ’26: $111.5Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 74.1%Other: 20.1%ETP: 2.9%ADR: 1.5%REIT: 1.3%Other: 0.1%
  • Common Stock · 74.1% · $69.9B
  • Other · 20.1% · $19.0B
  • ETP · 2.9% · $2.8B
  • ADR · 1.5% · $1.4B
  • REIT · 1.3% · $1.2B
  • Other · 0.1% · $54M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
META PLATFORMS INCNEW+10.1K10.1K+$591M$591M
MICROSTRATEGY INCNEW+18.7K18.7K+$542M$542M
MICRON TECHNOLOGY INCNEW+55.3K55.3K+$466M$466M
TARGET CORPNEW+14.4K14.4K+$194M$194M
ASML HOLDING N VNEW+2.6K2.6K+$179M$179M
LRCXLAM RESEARCH CORPNEW+2.16M2.16M+$156M$156M
BLKBLACKROCK INCNEW+145.0K145.0K+$149M$149M
SERVICENOW INCNEW+1.3K1.3K+$135M$135M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2024

31 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORPORATIONhistory →COM4.00%$3.8B28.09M
2MSFTMICROSOFT CORPhistory →COM3.33%$3.1B7.46M
3GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.11%$2.9B15.46M
4RYROYAL BK CDAhistory →COM2.22%$2.1B17.35M
5AAPLAPPLE INChistory →COM2.02%$1.9B7.61M
6TDTORONTO DOMINION BK ONThistory →COM NEW1.57%$1.5B27.75M
7AMZNAMAZON COM INChistory →COM1.07%$1.0B4.62M
8BMOBANK MONTREAL QUEhistory →COM1.06%$999M10.28M
9BNBROOKFIELD CORPhistory →CL A LTD VT SH0.98%$923M16.05M
10BNSBANK NOVA SCOTIA HALIFAXhistory →COM0.78%$735M13.67M
11AVGOBROADCOM INChistory →COM0.76%$718M3.10M
12METAMETA PLATFORMS INChistory →CL A0.76%$717M1.23M
13CMCANADIAN IMPERIAL BK COMMhistory →COM0.75%$704M11.12M
14SHOPSHOPIFY INChistory →CL A0.70%$664M6.23M
15MFCMANULIFE FINL CORPhistory →COM0.68%$646M21.02M
16MIGAMICROSTRATEGY INChistory →CL A NEW0.55%$521M1.80M
17TSLATESLA INChistory →COM0.53%$505M1.25M
18HONGBPHONEYWELL INTL INChistory →COM0.52%$495M2.19M
19ENBENBRIDGE INChistory →COM0.52%$492M11.57M
20SUSUNCOR ENERGY INC NEWhistory →COM0.50%$471M13.18M
218CWCROWN CASTLE INChistory →COM0.49%$462M5.09M
22CNRCANADIAN NATL RY COhistory →COM0.44%$413M4.07M
23CPCANADIAN PACIFIC KANSAS CITYhistory →COM0.40%$381M5.26M
24BKNGBOOKING HOLDINGS INChistory →COM0.40%$378M76.0K
25CTSHCOGNIZANT TECHNOLOGY SOLUTIOhistory →CL A0.39%$367M4.78M
26TRPTC ENERGY CORPhistory →COM0.35%$326M7.00M
27MUMICRON TECHNOLOGY INChistory →COM0.34%$325M3.86M
28JPMJPMORGAN CHASE & CO.history →COM0.34%$324M1.35M
29CRCCANADIAN NAT RES LTDhistory →COM0.30%$279M9.04M
30AMDADVANCED MICRO DEVICES INChistory →COM0.29%$277M2.29M
31INTCINTEL CORPhistory →COM0.29%$275M13.71M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$111.5B5,484May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$110.0B5,428Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$100.4B5,313Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$105.2B5,726Aug 18, 2025RESTATEMENTchanges · EDGAR ↗
Q1 2025$95.5B5,419May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$94.4B5,727Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$87.3B4,603Nov 15, 2024RESTATEMENTchanges · EDGAR ↗
Q2 2024$73.4B4,731Aug 2, 202413F-HRchanges · EDGAR ↗
Q1 2024$65.4B4,805May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$62.6B4,898Feb 6, 202413F-HRchanges · EDGAR ↗
Q3 2023$65.7B5,202Oct 10, 202313F-HRchanges · EDGAR ↗
Q2 2023$54.6B5,018Jul 26, 202313F-HRchanges · EDGAR ↗
Q1 2023$40.6B5,001Apr 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$39.3B5,169Jan 24, 202313F-HRchanges · EDGAR ↗
Q3 2022$18.6B4,497Oct 13, 202213F-HRchanges · EDGAR ↗
Q2 2022$21.9B4,452Jul 28, 202213F-HRchanges · EDGAR ↗
Q1 2022$33.8B4,583May 5, 202213F-HRchanges · EDGAR ↗
Q4 2021$29.4B4,316Jan 24, 202213F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 4 additional managers.

  • National Bank Financial Inc.
  • NATIONAL BANK OF CANADA FINANCIAL INC.
  • NBC Global Finance Ltd
  • NATIONAL BANK TRUST INC.

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.