NATIONAL BANK OF CANADA /FI/

CIK 0000926171 · Q2 2026

13F Equity AUM

$139.2B

+25.8% QoQ

Positions

1,935

-19 QoQ

AUM Rank

#82

Top 0.9%

Skill Alpha (FF)

-0.7%/yr^ns

No Clear Edge

Rank #3,866 · Top 47%

vs S&P +0.8%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 16.9%Top 10: 28.4%Top 20: 40.1%

NVDA5.6%

MSFT3.1%

GOOGL2.9%

MU2.7%

AAPL2.7%

RY2.4%

AMZN2.4%

TD2.4%

META2.3%

AVGO2.0%

Others (1925)71.6%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology34.6%

Financial Services17.4%

Communication Services10.7%

Consumer Cyclical8.7%

Unclassified6.2%

Industrials4.8%

Healthcare4.8%

Energy4.7%

Other8.1%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 1935Median: 0.00%Avg: 0.05%

0–0.5%

1895(46.3%)

0.5–1%

23(16.3%)

1–3%

15(28.7%)

3–5%

1(3.1%)

5%+

1(5.6%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 1,935vs 20 funds

0%Low

1,935

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New501Increased1204Decreased963Exited317

New Positions

AAPL0.6%

+31K

MU0.5%

+6K

MRVL0.3%

+16K

TAIWAN SEMICONDUCTOR…0.3%

+8K

INTERNATIONAL BUSINE…0.2%

+11K

THE CIGNA GROUP0.2%

+10K

WDC0.2%

+4K

BE0.2%

+8K

COLLABORATIVE INVEST…0.1%

+12K

BKNG0.1%

+9K

Increased

CRC0.5%

+7.0M(+58%)

T0.2%

+4.9M(+20%)

NOW0.4%

+3.9M(+163%)

PLTR0.7%

+3.5M(+74%)

NKE0.1%

+3.4M(+658%)

NFLX0.4%

+3.1M(+58%)

TME0.0%

+3.1M(+19324%)

META2.3%

+2.7M(+90%)

EWZ0.1%

+2.5M(+627%)

AMZN2.4%

+2.4M(+20%)

Decreased

BYND0.0%

-5,442,488(-83%)

WBD0.1%

-5,412,365(-41%)

AAPL2.7%

-5,132,891(-29%)

BTE0.0%

-4,349,745(-89%)

ROIV0.1%

-3,524,126(-56%)

BAC0.3%

-3,209,090(-32%)

BTO0.0%

-3,201,110(-46%)

AMD0.7%

-2,909,427(-64%)

SHOP0.8%

-2,791,255(-22%)

UNH0.5%

-2,212,756(-58%)

Exited

HON

-2,871,751

ADBE

-9,950

TRI

-1,861,421

CHEVRON CORPORATION

-7,300

BERKSHIRE HATHAWAY I…

-3,000

SALESFORCE INC

-6,500

-3,800

FUTU

-740,865

SEE

-1,845,021

CROWDSTRIKE HLDGS IN…

-2,119

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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