NATIONAL BANK OF CANADA /FI/

MONTREAL, A8 · CIK 926171 · 13F filing filed 2026-08-10

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityNATIONAL BANK OF CANADA (CA)

Other 13F filers in this group: NATIONAL BANK TRUST INC. files a notice, National Bank Financial Inc. files a notice

Kindinstitutions, wealth, bank or insurer
Others nearbyMontréal, Toronto, Calgary, Québec, Ottawa, North Cowichan
FamilyNATIONAL BANK OF CANADA /FI/ · 6 related pages

As an employer

US visa salary filings

Filings FY20241
Median salary offered$175,000
Middle half$175,000 – $175,000
Job titles1

Job title	Filings	Median	Range
Associate Director, Global Securities FinancingNew York, NY	1	$175,000	$175,000 – $225,000

Source: US Department of Labor, Labor Condition Application disclosure data (certified, full-time, yearly equivalent). These are the salaries the employer committed to pay the visa roles it filed for, at least the prevailing wage for the job and place; they are not the pay of all its staff. Filed by: National Bank of Canada.

$114.2bn reported value +16.8% vs Q1 2026

2,781positions

34.7%in top 10

397 new 1,121 added 830 reduced 250 sold out vs Q1 2026

Options: 153 call positions ($6.7bn notional), 182 put positions ($18.9bn notional) – listed below, not included above.

This report includes the holdings of 5 other managers that share the investment decisions:

NATIONAL BANK INVESTMENTS INC. – reports through this filing
NATIONAL BANK OF CANADA FINANCIAL INC. – reports through this filing
NATIONAL BANK TRUST INC. – reports through this filing
National Bank Financial Inc. – reports through this filing
NBC Global Finance Ltd – no 13F of its own this quarter

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	38,799,597	$7.8bn6.80%	6.80%	Reduced -1.1m	-1,088,556 -2.7%
2	MICROSOFT CORP COM MSFT	MSFT	11,471,101	$4.3bn3.75%	3.75%	Reduced -431.5k	-431,472 -3.6%
3	ALPHABET INC CAP STK CL A GOOGL	GOOGL	11,397,542	$4.1bn3.57%	3.57%	Added +650.9k	+650,864 6.1%
4	MICRON TECHNOLOGY INC COM MU	MU	3,246,052	$3.7bn3.28%	3.28%	Reduced -1.1m	-1,077,211 -24.9%
5	APPLE INC COM AAPL	AAPL	12,865,989	$3.7bn3.26%	3.26%	Reduced -5.1m	-5,132,891 -28.5%
6	ROYAL BK CDA COM RY	RY	16,356,045	$3.4bn2.96%	2.96%	Added +173.7k	+173,664 1.1%
7	AMAZON COM INC COM AMZN	AMZN	14,113,689	$3.4bn2.95%	2.95%	Added +2.4m	+2,395,180 20.4%
8	TORONTO DOMINION BK ONT COM NEW TD	TD	27,343,546	$3.3bn2.91%	2.91%	Reduced -78.9k	-78,857 -0.3%
9	META PLATFORMS INC CL A META	META	5,666,938	$3.2bn2.80%	2.80%	Added +2.7m	+2,688,422 90.3%
10	BROADCOM INC COM AVGO	AVGO	7,277,531	$2.7bn2.41%	2.41%	Added +1.3m	+1,270,659 21.1%
11	ALPHABET INC CAP STK CL C GOOG	GOOG	7,050,507	$2.5bn2.18%	2.18%	Reduced -588.5k	-588,506 -7.7%
12	BANK MONTREAL QUE COM BMO	BMO	10,405,423	$1.8bn1.61%	1.61%	Reduced -354.9k	-354,875 -3.3%
13	TESLA INC COM TSLA	TSLA	4,091,989	$1.7bn1.51%	1.51%	Reduced -1.2m	-1,249,353 -23.4%
14	CANADIAN IMPERIAL BANK OF CO COM CM	CM	13,539,141	$1.6bn1.36%	1.36%	Added +587.1k	+587,079 4.5%
15	BANK NOVA SCOTIA HALIFAX COM BNS	BNS	15,686,925	$1.4bn1.19%	1.19%	Reduced -723.1k	-723,071 -4.4%
16	INTEL CORP COM INTC	INTC	8,756,909	$1.2bn1.07%	1.07%	Reduced -460.2k	-460,163 -5.0%
17	JPMORGAN CHASE & CO COM JPM	JPM	3,531,066	$1.2bn1.01%	1.01%	Reduced -165.5k	-165,525 -4.5%
18	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	10,020,663	$1.1bn1.00%	1.00%	Reduced -2.8m	-2,791,255 -21.8%
19	ENBRIDGE INC COM ENB	ENB	20,703,852	$1.1bn0.98%	0.98%	Added +1.2m	+1,207,018 6.2%
20	MANULIFE FINL CORP COM MFC	MFC	26,549,435	$1.1bn0.94%	0.94%	Added +389.0k	+389,047 1.5%
21	BROOKFIELD CORP CL A LTD VT SH BN	BN	24,328,364	$1.0bn0.91%	0.91%	Added +116.3k	+116,323 0.5%
22	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	2,064,664	$1.0bn0.90%	0.90%	Added +878.3k	+878,275 74.0%
23	MARVELL TECHNOLOGY INC COM MRVL	MRVL	3,360,134	$1.0bn0.88%	0.88%	Added +2.4m	+2,375,266 241.2%
24	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	8,213,944	$958.3m0.84%	0.84%	Added +3.5m	+3,494,669 74.0%
25	ADVANCED MICRO DEVICES INC COM AMD	AMD	1,607,891	$933.9m0.82%	0.82%	Reduced -2.9m	-2,909,427 -64.4%
26	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	1,860,966	$888.4m0.78%	0.78%	Added +111.9k	+111,909 6.4%
27	ELI LILLY & CO COM LLY	LLY	692,569	$830.7m0.73%	0.73%	Added +72.4k	+72,391 11.7%
28	CANADIAN NATL RY CO COM CNI	CNI	6,761,268	$805.3m0.71%	0.71%	Added +76.1k	+76,139 1.1%
29	CISCO SYS INC COM CSCO	CSCO	6,455,364	$758.2m0.66%	0.66%	Reduced -926.8k	-926,809 -12.6%
30	CANADIAN NAT RES LTD COM CNQ	CNQ	19,011,978	$748.7m0.66%	0.66%	Added +7.0m	+7,007,557 58.4%
31	COSTCO WHSL CORP NEW COM COST	COST	751,142	$702.7m0.62%	0.62%	Added +89.1k	+89,062 13.4%
32	UNITEDHEALTH GROUP INC COM UNH	UNH	1,613,767	$670.7m0.59%	0.59%	Reduced -2.2m	-2,212,756 -57.8%
33	TC ENERGY CORP COM TRP	TRP	10,054,565	$661.4m0.58%	0.58%	Reduced -280.5k	-280,526 -2.7%
34	WALMART INC COM WMT	WMT	5,832,209	$660.6m0.58%	0.58%	Reduced -526.1k	-526,137 -8.3%
35	LAM RESEARCH CORP COM NEW LRCX	LRCX	1,446,518	$626.8m0.55%	0.55%	Reduced -1.0m	-1,027,923 -41.5%
36	SERVICENOW INC COM NOW	NOW	6,234,306	$618.9m0.54%	0.54%	Added +3.9m	+3,868,044 163.5%
37	CANADIAN PACIFIC KANSAS CITY COM CP	CP	7,056,476	$610.3m0.53%	0.53%	Reduced -23.7k	-23,741 -0.3%
38	AGNICO EAGLE MINES LTD COM AEM	AEM	3,924,070	$606.1m0.53%	0.53%	Added +259.4k	+259,379 7.1%
39	SUNCOR ENERGY INC NEW COM SU	SU	11,148,622	$598.7m0.52%	0.52%	Added +899.4k	+899,433 8.8%
40	NETFLIX INC COM NFLX	NFLX	8,381,907	$598.6m0.52%	0.52%	Added +3.1m	+3,064,607 57.6%
41	WESTERN DIGITAL CORP COM WDC	WDC	909,546	$581.0m0.51%	0.51%	Added +474.8k	+474,815 109.2%
42	BCE INC COM NEW BCE	BCE	23,165,717	$498.7m0.44%	0.44%	Added +1.9m	+1,915,078 9.0%
43	EXXON MOBIL CORP COM XOM	XOM	3,608,624	$493.4m0.43%	0.43%	Added +2.1m	+2,136,204 145.1%
44	QUALCOMM INC COM QCOM	QCOM	2,653,357	$490.3m0.43%	0.43%	Added +1.7m	+1,661,103 167.4%
45	KLA CORP COM NEW KLAC	KLAC	1,539,211	$464.4m0.41%	0.41%	Added +126.6k	+126,631 9.0%
46	SUN LIFE FINANCIAL INC. COM SLF	SLF	5,850,227	$457.8m0.40%	0.40%	Reduced -828.8k	-828,814 -12.4%
47	MASTERCARD INCORPORATED CL A MA	MA	880,967	$452.4m0.40%	0.40%	Added +90.3k	+90,261 11.4%
48	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,545,593	$434.6m0.38%	0.38%	Added +1.2m	+1,152,754 293.4%
49	APPLIED MATLS INC COM AMAT	AMAT	575,240	$415.9m0.36%	0.36%	Reduced -593.2k	-593,231 -50.8%
50	FORTIS INC COM FTS	FTS	6,992,312	$399.6m0.35%	0.35%	Added +209.0k	+209,029 3.1%
51	THE CIGNA GROUP COM CI	CI	1,436,453	$396.0m0.35%	0.35%	Added +1.2m	+1,240,125 631.7%
52	BANK AMERICA CORP COM BAC	BAC	6,840,690	$389.7m0.34%	0.34%	Reduced -3.2m	-3,209,090 -31.9%
53	WHEATON PRECIOUS METALS CORP COM WPM	WPM	3,371,444	$378.8m0.33%	0.33%	Added +196.4k	+196,357 6.2%
54	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	479,106	$357.6m0.31%	0.31%	Added +83.6k	+83,634 21.1%
55	WASTE CONNECTIONS INC COM WCN	WCN	2,114,692	$351.3m0.31%	0.31%	Added +116.3k	+116,297 5.8%
56	MCDONALDS CORP COM MCD	MCD	1,297,547	$350.8m0.31%	0.31%	Added +574.4k	+574,393 79.4%
57	CAMECO CORP COM CCJ	CCJ	3,420,928	$345.8m0.30%	0.30%	Added +198.7k	+198,684 6.2%
58	GOLDMAN SACHS GROUP INC COM GS	GS	338,807	$342.7m0.30%	0.30%	Added +58.7k	+58,661 20.9%
59	JOHNSON & JOHNSON COM JNJ	JNJ	1,312,753	$333.3m0.29%	0.29%	Reduced -418.3k	-418,291 -24.2%
60	COCA COLA CO COM KO	KO	4,100,097	$333.2m0.29%	0.29%	Added +860.7k	+860,659 26.6%
61	ROGERS COMMUNICATIONS INC CL B RCI	RCI	10,255,826	$333.1m0.29%	0.29%	Reduced -701.5k	-701,463 -6.4%
62	HOME DEPOT INC COM HD	HD	940,786	$331.7m0.29%	0.29%	Reduced -256.0k	-256,012 -21.4%
63	GE AEROSPACE COM NEW GE	GE	848,804	$317.2m0.28%	0.28%	Added +211.6k	+211,648 33.2%
64	BOOKING HOLDINGS INC COM BKNG	BKNG	1,774,284	$316.3m0.28%	0.28%	Added +486.5k	+486,509 37.8%
65	AMPHENOL CORP CL A APH	APH	1,773,625	$312.7m0.27%	0.27%	Added +639.0k	+638,955 56.3%
66	MERCK & CO INC COM MRK	MRK	2,433,801	$312.7m0.27%	0.27%	Added +472.4k	+472,411 24.1%
67	FRANCO NEV CORP COM FNV	FNV	1,482,000	$308.5m0.27%	0.27%	Added +128.9k	+128,893 9.5%
68	TELUS CORPORATION COM TU	TU	28,782,793	$304.3m0.27%	0.27%	Added +4.9m	+4,852,643 20.3%
69	NUTRIEN LTD COM NTR	NTR	4,821,455	$301.9m0.26%	0.26%	Added +262.2k	+262,184 5.8%
70	CELESTICA INC COM CLS	CLS	809,426	$294.6m0.26%	0.26%	Added +44.0k	+44,031 5.8%
71	TEXAS INSTRS INC COM TXN	TXN	983,489	$293.1m0.26%	0.26%	Added +2.2k	+2,169 0.2%
72	ORACLE CORP COM ORCL	ORCL	1,931,417	$283.3m0.25%	0.25%	Reduced -1.0m	-1,018,873 -34.5%
73	ANALOG DEVICES INC COM ADI	ADI	680,052	$270.1m0.24%	0.24%	Added +58.4k	+58,403 9.4%
74	PEMBINA PIPELINE CORP COM PBA	PBA	5,810,105	$268.4m0.24%	0.24%	Added +55.8k	+55,837 1.0%
75	RESTAURANT BRANDS INTL INC COM QSR	QSR	3,649,628	$262.5m0.23%	0.23%	Added +96.6k	+96,627 2.7%
76	CATERPILLAR INC COM CAT	CAT	242,726	$258.3m0.23%	0.23%	Reduced -37.5k	-37,519 -13.4%
77	PROCTER AND GAMBLE CO COM PG	PG	1,760,373	$258.1m0.23%	0.23%	Reduced -626.5k	-626,550 -26.2%
78	PALO ALTO NETWORKS INC COM PANW	PANW	739,323	$251.8m0.22%	0.22%	Reduced -499.9k	-499,945 -40.3%
79	ISHARES TR MSCI ACWI ETF ACWI	ACWI	1,580,926	$248.2m0.22%	0.22%	Added +304.0k	+304,008 23.8%
80	BLOOM ENERGY CORP COM CL A BE	BE	813,372	$246.2m0.22%	0.22%	Added +656.1k	+656,112 417.2%
81	GILEAD SCIENCES INC COM GILD	GILD	1,946,858	$246.0m0.22%	0.22%	Added +332.4k	+332,358 20.6%
82	KINROSS GOLD CORP COM KGC	KGC	10,328,709	$244.4m0.21%	0.21%	Added +1.4m	+1,407,822 15.8%
83	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	248,623	$239.9m0.21%	0.21%	Added +15.3k	+15,299 6.6%
84	CORNING INC COM GLW	GLW	928,156	$237.0m0.21%	0.21%	Added +242.1k	+242,123 35.3%
85	CENOVUS ENERGY INC COM CVE	CVE	9,540,752	$236.3m0.21%	0.21%	Added +736.2k	+736,247 8.4%
86	VISA INC COM CL A V	V	687,438	$235.5m0.21%	0.21%	Reduced -298.8k	-298,815 -30.3%
87	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	468,910	$235.1m0.21%	0.21%	Added +202.7k	+202,734 76.2%
88	PEPSICO INC COM PEP	PEP	1,722,181	$233.2m0.20%	0.20%	Reduced -420.5k	-420,508 -19.6%
89	DISNEY WALT CO COM DIS	DIS	2,417,056	$232.7m0.20%	0.20%	Added +903.8k	+903,805 59.7%
90	CHEVRON CORP NEW COM CVX	CVX	1,385,180	$229.7m0.20%	0.20%	Added +718.7k	+718,667 107.8%
91	TECK RESOURCES LTD CL B TECK	TECK	3,846,541	$228.8m0.20%	0.20%	Added +162.7k	+162,658 4.4%
92	UBER TECHNOLOGIES INC COM UBER	UBER	3,154,100	$227.5m0.20%	0.20%	Reduced -603.6k	-603,585 -16.1%
93	PDD HOLDINGS INC SPONSORED ADS PDD	PDD	2,873,404	$219.2m0.19%	0.19%	Added +1.0m	+1,012,713 54.4%
94	ABBVIE INC COM ABBV	ABBV	850,973	$214.1m0.19%	0.19%	Reduced -76.2k	-76,163 -8.2%
95	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	7,887,162	$210.3m0.18%	0.18%	Reduced -5.4m	-5,412,365 -40.7%
96	AVIS BUDGET GROUP COM CAR	CAR	1,412,200	$208.8m0.18%	0.18%	Added +573.0k	+573,013 68.3%
97	REVOLUTION MEDICINES INC COM RVMD	RVMD	1,096,025	$205.3m0.18%	0.18%	Reduced -653.0k	-652,975 -37.3%
98	WELLS FARGO CO NEW COM WFC	WFC	2,456,685	$203.0m0.18%	0.18%	Added +195.5k	+195,473 8.6%
99	EMERA INC COM EMA	EMA	3,812,208	$201.8m0.18%	0.18%	Added +161.3k	+161,326 4.4%
100	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	2,057,785	$197.5m0.17%	0.17%	Added +1.8m	+1,779,074 638.3%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HONEYWELL INTL INC		1,435,876	$649.1m1.4m shares
THOMSON REUTERS CORP		1,861,421	$166.1m1.9m shares
FUTU HLDGS LTD FUTU	FUTU	740,865	$101.3m740.9k shares
SEALED AIR CORP NEW		1,845,021	$77.6m1.8m shares
HOLOGIC INC HOLX	HOLX	864,725	$65.4m864.7k shares
CAPITAL GROUP GROWTH ETF CGGR	CGGR	800,000	$32.2m800.0k shares
CARNIVAL CORP		826,346	$21.4m826.3k shares
ASCENDIS PHARMA A/S		80,017	$18.3m80.0k shares
COTERRA ENERGY INC CTRA	CTRA	513,111	$18.0m513.1k shares
DUPONT DE NEMOURS INC DWDP	DWDP	116,901	$16.1m116.9k shares
ISHARES INC ESGE	ESGE	346,800	$15.8m346.8k shares
CORECIVIC INC CXW	CXW	613,000	$11.6m613.0k shares
J P MORGAN EXCHANGE TRADED F JIRE	JIRE	130,600	$9.9m130.6k shares
AXIS CAP HLDGS LTD AXS	AXS	90,414	$9.2m90.4k shares
PENUMBRA INC PEN	PEN	22,000	$7.2m22.0k shares
GEO GROUP INC NEW GEO	GEO	373,000	$6.3m373.0k shares
WYNDHAM HOTELS & RESORTS INC WH	WH	70,800	$5.8m70.8k shares
TASEKO MINES LTD		696,386	$4.5m696.4k shares
LIBERTY BROADBAND CORP LBRDK	LBRDK	89,093	$4.5m89.1k shares
WINGSTOP INC WING	WING	25,358	$3.9m25.4k shares
PUTNAM ETF TRUST		72,251	$3.6m72.3k shares
SEABRIDGE GOLD INC		109,523	$3.1m109.5k shares
UGI CORP NEW UGI	UGI	79,617	$2.9m79.6k shares
CENTRAIS ELETRICAS BRASILEIR AXIAY	AXIAY	255,453	$2.9m255.5k shares
TIMKEN CO TKR	TKR	28,186	$2.8m28.2k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
MICRON TECHNOLOGY INC MU · Put	MU	Put	15,200	$1.8bn15.2k shares	Added
ALPHABET INC GOOG · Put	GOOG	Put	48,347	$1.7bn48.3k shares	Added
NVIDIA CORPORATION NVDA · Put	NVDA	Put	78,418	$1.6bn78.4k shares	Reduced
AMAZON COM INC AMZN · Put	AMZN	Put	55,140	$1.3bn55.1k shares	Added
MICROSOFT CORP MSFT · Put	MSFT	Put	32,577	$1.2bn32.6k shares	Added
META PLATFORMS INC META · Put	META	Put	18,698	$1.1bn18.7k shares	Added
APPLE INC AAPL · Call	AAPL	Call	30,741	$889.5m30.7k shares	New
TESLA INC TSLA · Put	TSLA	Put	20,400	$858.0m20.4k shares	Reduced
PALANTIR TECHNOLOGIES INC PLTR · Put	PLTR	Put	65,400	$763.0m65.4k shares	Added
MICRON TECHNOLOGY INC MU · Call	MU	Call	5,900	$681.0m5.9k shares	New
BROADCOM INC AVGO · Put	AVGO	Put	17,025	$643.1m17.0k shares	Added
APPLE INC AAPL · Put	AAPL	Put	19,606	$567.3m19.6k shares	Added
SERVICENOW INC Put		Put	55,000	$546.0m55.0k shares	Added
INTEL CORP Put		Put	36,504	$509.7m36.5k shares	New
ADVANCED MICRO DEVICES INC AMD · Call	AMD	Call	8,490	$493.2m8.5k shares	Added
ADVANCED MICRO DEVICES INC AMD · Put	AMD	Put	8,350	$485.1m8.3k shares	Reduced
MARVELL TECHNOLOGY INC MRVL · Put	MRVL	Put	15,900	$473.6m15.9k shares	New
TAIWAN SEMICONDUCTOR MFG LTD TSM · Put	TSM	Put	8,000	$382.1m8.0k shares	New
NETFLIX INC NFLX · Put	NFLX	Put	52,921	$377.9m52.9k shares	Added
SANDISK CORP SNDK · Put	SNDK	Put	1,632	$371.1m1.6k shares	Added
APPLIED MATLS INC AMAT · Call	AMAT	Call	4,700	$339.8m4.7k shares	Added
INTERNATIONAL BUSINESS MACHS IBM · Put	IBM	Put	11,177	$314.3m11.2k shares	New
THE CIGNA GROUP Put		Put	9,870	$272.1m9.9k shares	New
UNITEDHEALTH GROUP INC UNH · Put	UNH	Put	6,000	$249.4m6.0k shares	Reduced
BLOOM ENERGY CORP Put		Put	8,000	$242.2m8.0k shares	New