National Bank of Canada
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), National Bank of Canada reported 2,563 stock positions worth $97.4 billion. Its top holding was Nvidia (NVDA) at 5.2% of the portfolio, followed by Microsoft (MSFT, 4.9%) and Apple (AAPL, 4.0%). Compared with Q3 2025, it opened 318 new positions, sold out of 236, added to 1,122 and reduced 733. The biggest buy was Alphabet Class A (GOOGL, shares +46%) and the biggest sale Apple (AAPL, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, A8
- CIK
- 0000926171
- Portfolio Value
- $97.4B (Q4 2025)
- SEC Filing
- 0000926171-26-000005 ↗ filed Feb 17, 2026
Holdings Value
Holdings 2,563 stocks · $97.4B
| NVDA Nvidia Corp. | 5.15% | 26,908,013 | $5.0B | Add +6.2% |
| MSFT Microsoft Corp. | 4.92% | 9,913,440 | $4.8B | Add +20.2% |
| AAPL Apple Inc. | 3.99% | 14,291,459 | $3.9B | Reduce -17.2% |
| GOOGL Alphabet Inc. Class A | 3.13% | 9,750,590 | $3.1B | Add +46.0% |
| RY Royal Bank of Canada | 2.90% | 16,618,140 | $2.8B | Reduce -10.2% |
| META Meta Platforms Inc. Class A | 2.83% | 4,177,020 | $2.8B | Add +55.0% |
| AVGO Broadcom Inc. | 2.63% | 7,412,830 | $2.6B | Add +4.3% |
| AMZN Amazon.com Inc. | 2.56% | 10,790,954 | $2.5B | Reduce -10.0% |
| TD Toronto-Dominion Bank | 2.48% | 25,630,670 | $2.4B | Reduce -14.4% |
| TSLA Tesla Inc. | 2.45% | 5,317,283 | $2.4B | Add +55.4% |
| GOOG Alphabet Inc. Class C | 2.03% | 6,298,405 | $2.0B | Add +49.9% |
| SHOP Shopify Inc. Class A | 1.55% | 9,417,620 | $1.5B | Reduce -4.3% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 1.47% | 11,003,421 | $1.4B | Reduce -2.2% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 1.35% | 17,824,075 | $1.3B | Add +4.2% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 1.26% | 13,589,826 | $1.2B | Reduce -2.5% |
| BN Brookfield Corp. | 1.08% | 23,031,220 | $1.1B | Reduce -23.1% |
| MU Micron Technology Inc. | 1.00% | 3,421,800 | $976.6M | Add +97.1% |
| ENB Enbridge Inc. | 0.99% | 20,092,123 | $959.9M | Add +7.9% |
| JPM JPMorgan Chase & Co. | 0.92% | 2,781,327 | $896.3M | Reduce -10.6% |
| MFC Manulife Financial Corp. | 0.82% | 21,912,877 | $795.0M | Reduce -22.3% |
| UNH Unitedhealth Group Inc. | 0.79% | 2,341,995 | $773.1M | Reduce -17.4% |
| PLTR Palantir Technologies Inc. Class A | 0.76% | 4,138,356 | $735.6M | Add +19.0% |
| ORCL Oracle Corp. | 0.70% | 3,513,197 | $684.8M | Add +184.5% |
| COST Costco Wholesale Corp. | 0.70% | 785,425 | $677.2M | Add +31.0% |
| LLY Eli Lilly & Co. | 0.69% | 624,698 | $671.3M | Add +5.1% |
| CNI Canadian Natl Railway Co. | 0.68% | 6,710,219 | $663.1M | Reduce -2.9% |
| AEM Agnico Eagle Mines Ltd. | 0.66% | 3,789,835 | $639.7M | Reduce -15.5% |
| CNQ Canadian Natural Resources | 0.64% | 18,566,785 | $628.2M | Add +45.3% |
| TRP TC Energy Corp. | 0.63% | 11,185,873 | $614.3M | Add +7.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.59% | 1,143,591 | $574.8M | Reduce -10.2% |
| HON Honeywell International Inc. | 0.57% | 2,823,098 | $550.8M | Reduce -11.5% |
| NFLX Netflix Inc. | 0.56% | 5,797,396 | $543.5M | Add +84.9% |
| CP Canadian Pacific Kansas City | 0.54% | 7,098,660 | $522.1M | Reduce -8.0% |
| BCE Bce Inc. | 0.53% | 21,548,119 | $513.5M | Add +5.0% |
| CSCO Cisco Systems Inc. | 0.53% | 6,653,527 | $512.5M | Add +37.0% |
| SU Suncor Energy Inc. | 0.52% | 11,476,043 | $508.8M | Add +41.2% |
| WMT Walmart Inc. | 0.51% | 4,461,643 | $497.0M | Add +10.6% |
| CTSH Cognizant Tech Solutions-A | 0.49% | 5,771,093 | $479.0M | Add +0.5% |
| MA Mastercard Inc. Class A | 0.46% | 787,538 | $449.6M | Add +2.2% |
| GE General Electric filed as GE AEROSPACE | 0.44% | 1,404,061 | $432.5M | Add +151.0% |
| PEP Pepsico Inc. | 0.44% | 2,967,790 | $425.9M | Reduce -8.3% |
| ABBV Abbvie Inc. | 0.43% | 1,841,069 | $420.7M | Reduce -3.7% |
| AMD Advanced Micro Devices | 0.41% | 1,871,979 | $400.9M | Reduce -18.1% |
| SLF Sun Life Financial Inc. | 0.40% | 6,318,169 | $393.8M | Reduce -12.2% |
| WPM Wheaton Precious Metals Corp. | 0.40% | 3,300,452 | $387.0M | Reduce -14.6% |
| JNJ Johnson & Johnson | 0.40% | 1,863,268 | $385.6M | Add +67.4% |
| FTS Fortis Inc. | 0.39% | 7,340,045 | $381.0M | Add +4.9% |
| LRCX Lam Research Corp. | 0.38% | 2,176,108 | $372.5M | Reduce -12.3% |
| RCI Rogers Communications Inc. Class B | 0.38% | 9,807,730 | $369.7M | Add +15.1% |
| WCN Waste Connections Inc. | 0.37% | 2,084,573 | $363.8M | Reduce -6.3% |
| V Visa Inc. Class A | 0.34% | 931,321 | $326.7M | Add +25.0% |
| INTC Intel Corp. | 0.34% | 8,845,057 | $326.4M | Reduce -23.7% |
| HD Home Depot Inc. | 0.33% | 934,023 | $321.4M | Add +21.0% |
| NTR Nutrien Ltd. | 0.33% | 5,177,772 | $318.8M | Add +9.8% |
| QCOM Qualcomm Inc. | 0.32% | 1,844,858 | $315.6M | Add +1.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.32% | 5,720,997 | $314.6M | Reduce -40.2% |
| PM Philip Morris International | 0.32% | 1,960,300 | $314.4M | Add +44.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.31% | 492,469 | $302.5M | Add +208.2% |
| BKNG Booking Holdings Inc. | 0.31% | 56,486 | $302.5M | Reduce -21.6% |
| TU Telus Corp. | 0.31% | 22,896,760 | $301.4M | Add +4.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.31% | 440,801 | $300.5M | Add +17.9% |
| MCD McDonald's Corp. | 0.31% | 982,291 | $300.2M | Add +19.3% |
| PG The Procter & Gamble Co. | 0.30% | 2,048,089 | $293.5M | Add +9.7% |
| XOM Exxon Mobil Corp. | 0.30% | 2,417,791 | $290.9M | Add +31.0% |
| CCJ Cameco Corp. | 0.29% | 3,070,899 | $278.6M | Reduce -20.3% |
| CVX Chevron Corp. | 0.28% | 1,781,632 | $271.5M | Add +23.0% |
| FNV Franco-Nevada Corp. | 0.28% | 1,299,180 | $268.9M | Reduce -16.3% |
| GIB Cgi Inc. | 0.27% | 2,872,610 | $264.8M | Add +7.0% |
| QSR Restaurant Brands Intern | 0.27% | 3,832,184 | $259.4M | Add +5.9% |
| CRM Salesforce Inc. | 0.27% | 978,284 | $259.1M | Reduce -55.6% |
| EQIX Equinix Inc. | 0.27% | 337,016 | $258.2M | Reduce -25.8% |
| AMAT Applied Materials Inc. | 0.26% | 984,682 | $253.0M | Reduce -38.0% |
| KGC Kinross Gold Corp. | 0.26% | 8,915,840 | $251.2M | Reduce -22.8% |
| CLS Celestica Inc. | 0.26% | 847,154 | $250.0M | Add +365.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.25% | 2,140,596 | $243.5M | Add +61.5% |
| GILD Gilead Sciences Inc. | 0.24% | 1,900,061 | $233.2M | Add +30.9% |
| INTU Intuit Inc. | 0.24% | 347,502 | $230.2M | Add +6.3% |
| CAT Caterpillar Inc. | 0.24% | 401,658 | $230.1M | Reduce -44.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.23% | 736,458 | $223.8M | Reduce -6.3% |
| AMGN Amgen Inc. | 0.23% | 675,956 | $221.2M | Reduce -44.9% |
| TRI Thomson Reuters Corp. | 0.22% | 1,662,274 | $218.6M | Reduce -1.6% |
| CVE Cenovus Energy Inc. | 0.22% | 12,925,216 | $218.5M | Add +108.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.22% | 733,979 | $217.4M | Add +71.6% |
| MRK Merck & Co. Inc. | 0.22% | 2,007,255 | $211.3M | Add +17.4% |
| ETN Eaton Corp. PLC | 0.21% | 649,280 | $206.8M | Add +267.5% |
| AZN Astrazeneca PLC-Spons ADR | 0.21% | 2,236,063 | $205.6M | Add +99.8% |
| ISRG Intuitive Surgical Inc. | 0.21% | 360,875 | $204.4M | Reduce -13.5% |
| GEV GE Vernova Inc. | 0.20% | 304,376 | $198.9M | Add +35.5% |
| KO The Coca-Cola Co. | 0.20% | 2,824,039 | $197.4M | Reduce -23.1% |
| TMUS T-Mobile US Inc. | 0.20% | 971,728 | $197.3M | Reduce -0.3% |
| RTX RTX Corp. | 0.20% | 1,071,660 | $196.5M | Reduce -3.7% |
| GS Goldman Sachs Group Inc. | 0.20% | 223,378 | $196.3M | Reduce -22.8% |
| PBA Pembina Pipeline Corp. | 0.20% | 5,157,259 | $196.1M | Add +57.7% |
| CRH CRH PLC | 0.20% | 1,547,748 | $193.2M | Add +253.0% |
| VEA Vanguard Ftse Developed ETF | 0.20% | 3,081,773 | $192.5M | Add +257.7% |
| CMCSA Comcast Corp. Class A | 0.19% | 6,321,642 | $189.0M | Reduce -15.9% |
| TXN Texas Instruments Inc. | 0.19% | 1,089,096 | $188.9M | Add +11.6% |
| BP BP PLC-Spons ADR | 0.19% | 5,328,988 | $185.1M | Add +2.6% |
| KLAC KLA Corp. | 0.19% | 151,967 | $184.6M | Add +37.8% |
| BIP Brookfield Infrastructure Pa | 0.19% | 5,307,915 | $183.9M | Reduce -5.9% |
Options reported separately and not counted above: TESLA INC puts ($1.1B), ALPHABET INC puts ($1.0B), MICROSOFT CORP puts ($776.6M), NVIDIA CORPORATION puts ($729.0M), AMAZON COM INC puts ($671.7M), APPLE INC calls ($642.3M), META PLATFORMS INC puts ($543.1M), UNITEDHEALTH GROUP INC puts ($403.1M), STATE STR SPDR S&P 500 ETF T puts ($274.5M), NETFLIX INC. puts ($262.0M), PALANTIR TECHNOLOGIES INC puts ($248.3M), ALPHABET INC calls ($213.7M), and 279 more.
Other holdings (14): bonds, preferreds, convertibles and warrants · $4.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 32,724 | $2.6M | Add +37.7% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 1,558 | $1.9M | Reduce -2.5% |
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | 75,018 | $309K | Add +539.0% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 39 | $49K | No change |
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | 2,468 | $42K | Reduce -5.4% |
| GPATW GP-Act III Acq Class A -CW27 | *W EXP 05/13/202 | 369 | $4K | New |
| GROY.WS Gold Royalty Corp. -29 | *W EXP 05/31/202 | 225 | $909 | Add +102.7% |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 18 | $522 | Add +80.0% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 7 | $354 | Add +40.0% |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 2 | $269 | Add +100.0% |
| SHMDW Schmid Group NV -28 | *W EXP 04/30/202 | 21 | $130 | New |
| BFLYW Butterfly Network Inc. -CW25 | *W EXP 02/12/202 | 34 | $129 | No change |
| MNYWW Moneyhero Ltd.-28 | *W EXP 09/13/202 | 98 | $123 | No change |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 2 | $98 | No change |
Total filed on the 13F, all lines: $97.4B.
Portfolio Sells Q3 2025 → Q4 2025
| AAPL Apple Inc. | Reduce -17.2% | 3.99% | −0.98 |
| MSTR Strategy Inc. | Reduce -51.0% | 0.16% | −0.59 |
| BN Brookfield Corp. | Reduce -23.1% | 1.08% | −0.46 |
| AMZN Amazon.com Inc. | Reduce -10.0% | 2.56% | −0.42 |
| COIN Coinbase Global Inc. Class A | Reduce -94.4% | 0.01% | −0.37 |
| FISV Fiserv Inc. | Reduce -99.2% | 0.00% | −0.34 |
| CRM Salesforce Inc. | Reduce -55.6% | 0.27% | −0.33 |
| UNH Unitedhealth Group Inc. | Reduce -17.4% | 0.79% | −0.31 |
| BAC Bank of America Corp. | Reduce -40.2% | 0.32% | −0.23 |
| TD Toronto-Dominion Bank | Reduce -14.4% | 2.48% | −0.23 |
| AEM Agnico Eagle Mines Ltd. | Reduce -15.5% | 0.66% | −0.19 |
| HON Honeywell International Inc. | Reduce -11.5% | 0.57% | −0.19 |
| JPM JPMorgan Chase & Co. | Reduce -10.6% | 0.92% | −0.19 |
| BMO Bank of Montreal | Reduce -2.2% | 1.47% | −0.19 |
| MFC Manulife Financial Corp. | Reduce -22.3% | 0.82% | −0.18 |
| RY Royal Bank of Canada | Reduce -10.2% | 2.90% | −0.17 |
| AMGN Amgen Inc. | Reduce -44.9% | 0.23% | −0.16 |
| CRL Charles River Laboratories | Reduce -97.1% | 0.01% | −0.16 |
| WDAY Workday Inc. Class A | Reduce -60.3% | 0.07% | −0.15 |
| CAT Caterpillar Inc. | Reduce -44.4% | 0.24% | −0.15 |
| SPR Spirit Aerosystems Hold Class A | Sold out | 0.00% | −0.14 |
| EQIX Equinix Inc. | Reduce -25.8% | 0.27% | −0.14 |
| SJM The JM Smucker Co. | Reduce -72.7% | 0.04% | −0.13 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -10.2% | 0.59% | −0.13 |
| XLF SS Financial Select Sector | Reduce -70.4% | 0.05% | −0.13 |
| BKNG Booking Holdings Inc. | Reduce -21.6% | 0.31% | −0.13 |
| EEM iShares MSCI Emerging Market | Reduce -99.6% | 0.00% | −0.12 |
| FNV Franco-Nevada Corp. | Reduce -16.3% | 0.28% | −0.11 |
| ACWI iShares MSCI Acwi ETF | Reduce -98.0% | 0.00% | −0.11 |
| CP Canadian Pacific Kansas City | Reduce -8.0% | 0.54% | −0.11 |
| WMB Williams Cos Inc. | Reduce -61.3% | 0.05% | −0.11 |
| AMAT Applied Materials Inc. | Reduce -38.0% | 0.26% | −0.11 |
| INTC Intel Corp. | Reduce -23.7% | 0.34% | −0.10 |
| SHOP Shopify Inc. Class A | Reduce -4.3% | 1.55% | −0.10 |
| WPM Wheaton Precious Metals Corp. | Reduce -14.6% | 0.40% | −0.09 |
| BLK BlackRock Inc. | Reduce -29.3% | 0.13% | −0.09 |
| ANET Arista Networks Inc. | Reduce -36.2% | 0.09% | −0.09 |
| SLF Sun Life Financial Inc. | Reduce -12.2% | 0.40% | −0.08 |
| BAM Brookfield Asset Mgmt-A | Reduce -23.7% | 0.15% | −0.08 |
| GDX Vaneck Gold Miners ETF | Reduce -59.4% | 0.06% | −0.08 |
| NEM Newmont Corp. | Reduce -48.4% | 0.10% | −0.08 |
| CCJ Cameco Corp. | Reduce -20.3% | 0.29% | −0.08 |
| PEP Pepsico Inc. | Reduce -8.3% | 0.44% | −0.08 |
| GD General Dynamics Corp. | Reduce -42.2% | 0.08% | −0.07 |
| CMCSA Comcast Corp. Class A | Reduce -15.9% | 0.19% | −0.07 |
| KO The Coca-Cola Co. | Reduce -23.1% | 0.20% | −0.07 |
| TRI Thomson Reuters Corp. | Reduce -1.6% | 0.22% | −0.07 |
| ABBV Abbvie Inc. | Reduce -3.7% | 0.43% | −0.07 |
| SHW The Sherwin-Williams Co. | Reduce -48.4% | 0.05% | −0.07 |
| MO Altria Group Inc. | Reduce -34.3% | 0.07% | −0.07 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +46.0% | 3.13% | +1.30 |
| GOOG Alphabet Inc. Class C | Add +49.9% | 2.03% | +0.87 |
| TSLA Tesla Inc. | Add +55.4% | 2.45% | +0.73 |
| MU Micron Technology Inc. | Add +97.1% | 1.00% | +0.67 |
| META Meta Platforms Inc. Class A | Add +55.0% | 2.83% | +0.59 |
| ORCL Oracle Corp. | Add +184.5% | 0.70% | +0.31 |
| GE General Electric | Add +151.0% | 0.44% | +0.25 |
| CLS Celestica Inc. | Add +365.3% | 0.26% | +0.21 |
| QQQ Invesco QQQ Trust Series 1 | Add +208.2% | 0.31% | +0.20 |
| CNQ Canadian Natural Resources | Add +45.3% | 0.64% | +0.18 |
| LLY Eli Lilly & Co. | Add +5.1% | 0.69% | +0.18 |
| UBS UBS Group AG-Reg | Add +10691.5% | 0.17% | +0.17 |
| JNJ Johnson & Johnson | Add +67.4% | 0.40% | +0.16 |
| WBD Warner Bros Discovery Inc. | Add +289.2% | 0.19% | +0.15 |
| CSCO Cisco Systems Inc. | Add +37.0% | 0.53% | +0.15 |
| VEA Vanguard Ftse Developed ETF | Add +257.7% | 0.20% | +0.14 |
| CRH CRH PLC | Add +253.0% | 0.20% | +0.14 |
| SU Suncor Energy Inc. | Add +41.2% | 0.52% | +0.14 |
| ETN Eaton Corp. PLC | Add +267.5% | 0.21% | +0.14 |
| NFLX Netflix Inc. | Add +84.9% | 0.56% | +0.13 |
| AZN Astrazeneca PLC-Spons ADR | Add +99.8% | 0.21% | +0.11 |
| CVE Cenovus Energy Inc. | Add +108.5% | 0.22% | +0.11 |
| VCIT Vanguard Int-Term Corporate | Add +1483.8% | 0.11% | +0.10 |
| BNS Bank of Nova Scotia | Add +4.2% | 1.35% | +0.10 |
| MPWR Monolithic Power Systems Inc. | Add +419.1% | 0.12% | +0.09 |
| MSFT Microsoft Corp. | Add +20.2% | 4.92% | +0.09 |
| COO The Cooper Cos Inc. | Add +1141.5% | 0.10% | +0.09 |
| IBM Intl Business Machines Corp. | Add +71.6% | 0.22% | +0.09 |
| MS Morgan Stanley | Add +145.0% | 0.14% | +0.09 |
| DIS The Walt Disney Co. | Add +61.5% | 0.25% | +0.08 |
| PDD PDD Holdings Inc. | Add +135.9% | 0.17% | +0.08 |
| BMY Bristol-Myers Squibb Co. | Add +62.7% | 0.17% | +0.07 |
| PM Philip Morris International | Add +44.4% | 0.32% | +0.07 |
| NCLH Norwegian Cruise Line Holdin | Add +1362.2% | 0.08% | +0.07 |
| KVUE Kenvue Inc. | Add +374.2% | 0.09% | +0.07 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +234100.0% | 0.07% | +0.07 |
| COST Costco Wholesale Corp. | Add +31.0% | 0.70% | +0.07 |
| MCHP Microchip Technology Inc. | Add +198.4% | 0.11% | +0.07 |
| XOM Exxon Mobil Corp. | Add +31.0% | 0.30% | +0.06 |
| SBUX Starbucks Corp. | Add +165.2% | 0.11% | +0.06 |
| LULU Lululemon Athletica Inc. | Add +60.6% | 0.15% | +0.06 |
| ICE Intercontinental Exchange Inc. | Add +214.2% | 0.10% | +0.06 |
| MCK McKesson Corp. | Add +84.4% | 0.14% | +0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +72.5% | 0.18% | +0.06 |
| GILD Gilead Sciences Inc. | Add +30.9% | 0.24% | +0.06 |
| CTSH Cognizant Tech Solutions-A | Add +0.5% | 0.49% | +0.06 |
| VICI Vici Properties Inc. | Add +647.4% | 0.07% | +0.06 |
| KLAC KLA Corp. | Add +37.8% | 0.19% | +0.06 |
| MRK Merck & Co. Inc. | Add +17.4% | 0.22% | +0.05 |
| ABT Abbott Laboratories | Add +78.5% | 0.16% | +0.05 |
Options Activity Q3 2025 → Q4 2025
| TESLA INC | put | Add +133.0% | 25,050 | $1.1B |
| ALPHABET INC | put | Add +246.0% | 32,144 | $1.0B |
| MICROSOFT CORP | put | Add +481.9% | 16,059 | $776.6M |
| NVIDIA CORPORATION | put | Add +605.9% | 39,086 | $729.0M |
| AMAZON COM INC | put | Add +20.7% | 29,100 | $671.7M |
| APPLE INC | call | Add +31.1% | 23,627 | $642.3M |
| META PLATFORMS INC | put | New | 8,228 | $543.1M |
| UNITEDHEALTH GROUP INC | put | Reduce -32.5% | 12,212 | $403.1M |
| COINBASE GLOBAL INC | put | Sold out | 11,177 | $377.2Mbefore exit |
| STATE STR SPDR S&P 500 ETF T | put | Reduce -44.1% | 4,025 | $274.5M |
| VANECK ETF TRUST | put | Sold out | 34,982 | $267.3Mbefore exit |
| NETFLIX INC. | put | Add +13869.5% | 27,939 | $262.0M |
| PALANTIR TECHNOLOGIES INC | put | Add +143.7% | 13,970 | $248.3M |
| ALPHABET INC | call | Reduce -25.4% | 6,819 | $213.7M |
| JPMORGAN CHASE & CO | call | Add +54.2% | 6,400 | $206.2M |
| BROADCOM INC | put | Add +321.5% | 5,829 | $201.7M |
| INTEL CORP | put | Reduce -32.7% | 48,070 | $177.4M |
| VANECK ETF TRUST | call | Sold out | 21,982 | $167.9Mbefore exit |
| MICROSOFT CORP | call | Reduce -56.4% | 3,000 | $145.1M |
| SUPER MICRO COMPUTER INC | put | Add +26.3% | 48,000 | $140.5M |
| APPLOVIN CORP | call | Add +121.1% | 2,078 | $140.0M |
| ROYAL BK CDA | call | Add +12.3% | 7,706 | $131.4M |
| BERKSHIRE HATHAWAY INC DEL | call | Add +360.0% | 2,300 | $115.6M |
| SUPER MICRO COMPUTER INC | call | Add +8.6% | 38,000 | $111.2M |
| LULULEMON ATHLETICA INC | put | New | 5,277 | $109.7M |
| BANK MONTREAL MEDIUM | call | Reduce -9.6% | 8,427 | $109.4M |
| ISHARES SILVER TR | put | New | 16,839 | $108.5M |
| BOOKING HOLDINGS INC | put | Add +102.1% | 190 | $101.8M |
| JPMORGAN CHASE & CO | put | Sold out | 3,000 | $94.6Mbefore exit |
| TESLA INC | call | Reduce -50.0% | 2,104 | $94.6M |
| GE AEROSPACE | call | Sold out | 3,080 | $92.7Mbefore exit |
| MCDONALDS CORP | put | New | 2,900 | $88.6M |
| TORONTO DOMINION BK ONT | call | Add +29.5% | 9,062 | $85.4M |
| RTX CORPORATION | put | Sold out | 5,081 | $85.0Mbefore exit |
| ORACLE CORP | put | New | 4,289 | $83.6M |
| PAYPAL HLDGS INC | put | Add +598.8% | 13,975 | $81.6M |
| APPLE INC | put | Reduce -61.8% | 3,000 | $81.6M |
| JOHNSON & JOHNSON | call | Sold out | 4,380 | $81.2Mbefore exit |
| APPLIED MATLS INC | call | Sold out | 3,840 | $78.6Mbefore exit |
| ELI LILLY & CO | put | Reduce -26.5% | 714 | $76.7M |
| NIKE INC | put | Add +16.2% | 11,800 | $75.2M |
| CANADIAN IMPERIAL BANK OF CO | call | Reduce -29.9% | 8,044 | $72.9M |
| STATE STR SPDR S&P 500 ETF T | call | Add +5733.3% | 1,050 | $71.6M |
| COINBASE GLOBAL INC | call | Sold out | 2,100 | $70.9Mbefore exit |
| VERIZON COMMUNICATIONS INC | call | Sold out | 15,333 | $67.4Mbefore exit |
| ARGENX SE | call | Sold out | 900 | $66.4Mbefore exit |
| INTUIT | call | New | 1,000 | $66.2M |
| KLA CORP | call | Sold out | 610 | $65.8Mbefore exit |
| COSTCO WHOLESALE CORPORATION | put | New | 750 | $64.7M |
| SERVICENOW INC | call | Sold out | 700 | $64.4Mbefore exit |
Showing the first 50 of 380.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | Add +37.7% | 32,724 | $2.6M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -2.5% | 1,558 | $1.9M |
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | Add +539.0% | 75,018 | $309K |
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | Reduce -5.4% | 2,468 | $42K |
| PSEWF Paysafe Ltd. -CW26 | *W EXP 03/30/202 | Sold out | 10,000 | $11Kbefore exit |
| GPATW GP-Act III Acq Class A -CW27 | *W EXP 05/13/202 | New | 369 | $4K |
| ACHR.WS Archer Aviation Inc. -CW26 | *W EXP 09/16/202 | Sold out | 200 | $2Kbefore exit |
| GROY.WS Gold Royalty Corp. -29 | *W EXP 05/31/202 | Add +102.7% | 225 | $909 |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Add +80.0% | 18 | $522 |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Add +40.0% | 7 | $354 |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | Add +100.0% | 2 | $269 |
| SHMDW Schmid Group NV -28 | *W EXP 04/30/202 | New | 21 | $130 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 2,770 | $114.2B | NVDA, MSFT, GOOGL, MU, AAPL |
| Q1 2026 | 2,621 | $97.7B | NVDA, AAPL, MSFT, GOOGL, RY |
| Q4 2025 | 2,563 | $97.4B | NVDA, MSFT, AAPL, GOOGL, RY |
| Q3 2025 | 2,478 | $88.4B | NVDA, AAPL, MSFT, RY, AMZN |
| Q2 2025Amended | 2,597 | $92.7B | NVDA, MSFT, AAPL, AMZN, RY |
| Q1 2025 | 2,491 | $85.3B | NVDA, MSFT, AAPL, AMZN, RY |
| Q4 2024 | 2,512 | $77.3B | NVDA, MSFT, RY, GOOGL, AAPL |
| Q3 2024Amended | 2,531 | $75.1B | NVDA, MSFT, AAPL, RY, TD |
| Q2 2024 | 2,530 | $64.2B | NVDA, MSFT, AAPL, RY, AMZN |
| Q1 2024 | 2,518 | $57.9B | AAPL, MSFT, NVDA, AMZN, RY |