NATIONAL BANK OF CANADA /FI/ quarter change: USA Stocks, Reduced
In share positions in stocks (listed in the US), from the quarter ended 2026-03-31 to 2026-06-30, NATIONAL BANK OF CANADA /FI/ opened 291 positions, added to 769, reduced 582, sold out of 181 and left 135 unchanged. The largest increase in value was MU (+$2,286,015,105); the largest decrease was AAPL (-$845,170,479).
- MU: Country of operation United States; Class COM; Shares 2026-03-31 4,323,263; Shares 2026-06-30 3,246,052.
- AAPL: Country of operation United States; Class COM; Shares 2026-03-31 17,998,880; Shares 2026-06-30 12,865,989.
- INTC: Country of operation United States; Class COM; Shares 2026-03-31 9,217,072; Shares 2026-06-30 8,756,909.
- NVDA: Country of operation United States; Class COM; Shares 2026-03-31 39,888,153; Shares 2026-06-30 38,799,597.
Two Form 13F-HR filings compared (SEC CIK 926171): 2026-03-31 (filed 2026-05-15) and 2026-06-30 (filed 2026-08-10). Rows for the same security, class and put/call are added together. Value change is the filed value at each quarter end, so it includes the price move; share change is the position change.
| Stock | Country of operation | Class | Shares 2026-03-31 | Shares 2026-06-30 | Share change | Value 2026-03-31 | Value 2026-06-30 | Value change |
|---|
MU
MICRON TECHNOLOGY INC | United States | COM | 4,323,263 | 3,246,052 | -1,077,211 | $1,460,550,288 | $3,746,565,393 | +$2,286,015,105 |
|---|
AAPL
APPLE INC | United States | COM | 17,998,880 | 12,865,989 | -5,132,891 | $4,567,830,712 | $3,722,660,233 | -$845,170,479 |
|---|
INTC
INTEL CORP | United States | COM | 9,217,072 | 8,756,909 | -460,163 | $406,757,730 | $1,222,681,332 | +$815,923,602 |
|---|
NVDA
NVIDIA CORPORATION | United States | COM | 39,888,153 | 38,799,597 | -1,088,556 | $6,956,486,568 | $7,763,103,425 | +$806,616,857 |
|---|
TD
TORONTO DOMINION BK ONT | | COM NEW | 27,422,403 | 27,343,546 | -78,857 | $2,558,558,239 | $3,319,681,108 | +$761,122,869 |
|---|
BMO
BANK MONTREAL MEDIUM | | COM | 10,760,298 | 10,405,423 | -354,875 | $1,453,379,792 | $1,835,977,875 | +$382,598,083 |
|---|
SHOP
SHOPIFY INC | | CL A SUB VTG SHS | 12,811,918 | 10,020,663 | -2,791,255 | $1,517,110,731 | $1,143,127,917 | -$373,982,814 |
|---|
UNH
UNITEDHEALTH GROUP INC | United States | COM | 3,826,523 | 1,613,767 | -2,212,756 | $1,035,411,250 | $670,677,564 | -$364,733,686 |
|---|
AZN
ASTRAZENECA PLC | | ORD | 2,137,511 | 447,620 | -1,689,891 | $417,565,965 | $85,862,698 | -$331,703,267 |
|---|
GOOG
ALPHABET INC | United States | CAP STK CL C | 7,639,013 | 7,050,507 | -588,506 | $2,191,291,775 | $2,491,116,784 | +$299,825,009 |
|---|
TSLA
TESLA INC | United States | COM | 5,341,342 | 4,091,989 | -1,249,353 | $1,985,671,955 | $1,721,082,181 | -$264,589,774 |
|---|
ADBE
ADOBE INC | United States | COM | 1,404,690 | 376,001 | -1,028,689 | $341,453,156 | $77,088,881 | -$264,364,275 |
|---|
BNS
BANK NOVA SCOTIA B C | | COM | 16,409,996 | 15,686,925 | -723,071 | $1,136,350,598 | $1,361,796,832 | +$225,446,234 |
|---|
CSCO
CISCO SYS INC | United States | COM | 7,382,173 | 6,455,364 | -926,809 | $572,786,942 | $758,233,808 | +$185,446,866 |
|---|
WBD
WARNER BROS DISCOVERY INC | United States | COM SER A | 13,299,527 | 7,887,162 | -5,412,365 | $365,206,954 | $210,274,073 | -$154,932,881 |
|---|
BA
BOEING CO | United States | COM | 1,355,604 | 545,715 | -809,889 | $269,806,261 | $118,140,369 | -$151,665,892 |
|---|
ORCL
ORACLE CORP | United States | COM | 2,950,290 | 1,931,417 | -1,018,873 | $434,016,196 | $283,261,101 | -$150,755,095 |
|---|
TMUS
T-MOBILE US INC | United States | COM | 841,338 | 261,791 | -579,547 | $176,702,882 | $43,923,192 | -$132,779,690 |
|---|
CRH
CRH PLC | | ORD | 1,644,827 | 396,939 | -1,247,888 | $172,877,640 | $42,475,292 | -$130,402,348 |
|---|
WMT
WALMART INC | United States | COM | 6,358,346 | 5,832,209 | -526,137 | $790,230,530 | $660,575,750 | -$129,654,780 |
|---|
MSFT
MICROSOFT CORP | United States | COM | 11,902,573 | 11,471,101 | -431,472 | $4,406,026,415 | $4,278,878,528 | -$127,147,887 |
|---|
PM
PHILIP MORRIS INTL INC | United States | COM | 1,501,531 | 708,365 | -793,166 | $248,261,932 | $128,156,263 | -$120,105,669 |
|---|
BAC
BANK OF AMER CORP | United States | COM | 10,049,780 | 6,840,690 | -3,209,090 | $489,926,980 | $389,747,928 | -$100,179,052 |
|---|
PEP
PEPSICO INC | United States | COM | 2,142,689 | 1,722,181 | -420,508 | $332,746,564 | $233,212,708 | -$99,533,856 |
|---|
LRCX
LAM RESEARCH CORP | United States | COM NEW | 2,474,441 | 1,446,518 | -1,027,923 | $528,692,124 | $626,810,933 | +$98,118,809 |
|---|
JNJ
JOHNSON & JOHNSON | United States | COM | 1,731,044 | 1,312,753 | -418,291 | $423,125,979 | $333,336,815 | -$89,789,164 |
|---|
T
AT&T INC | United States | COM | 5,665,713 | 3,733,751 | -1,931,962 | $164,234,116 | $77,297,542 | -$86,936,574 |
|---|
RCI
ROGERS COMMUNICATIONS INC | | CL B | 10,957,289 | 10,255,826 | -701,463 | $419,802,782 | $333,079,267 | -$86,723,515 |
|---|
PG
PROCTER & GAMBLE CO | United States | COM | 2,386,923 | 1,760,373 | -626,550 | $344,752,854 | $258,080,726 | -$86,672,128 |
|---|
RTX
RTX CORPORATION | United States | COM | 1,203,154 | 774,999 | -428,155 | $232,092,805 | $147,005,340 | -$85,087,465 |
|---|
ROIV
ROIVANT SCIENCES LTD | | SHS | 6,298,000 | 2,773,874 | -3,524,126 | $174,454,600 | $98,168,095 | -$76,286,505 |
|---|
DLTR
DOLLAR TREE INC | United States | COM | 1,920,239 | 1,123,781 | -796,458 | $210,282,933 | $135,919,523 | -$74,363,410 |
|---|
JPM
JPMORGAN CHASE & CO | United States | COM | 3,696,591 | 3,531,066 | -165,525 | $1,087,416,545 | $1,155,666,617 | +$68,250,072 |
|---|
CRWD
CROWDSTRIKE HLDGS INC | United States | CL A | 549,528 | 195,754 | -353,774 | $214,545,893 | $149,377,587 | -$65,168,306 |
|---|
V
VISA INC | United States | COM CL A | 986,253 | 687,438 | -298,815 | $298,040,698 | $235,451,913 | -$62,588,785 |
|---|
HD
HOME DEPOT INC | United States | COM | 1,196,798 | 940,786 | -256,012 | $393,577,430 | $331,663,636 | -$61,913,794 |
|---|
GPC
GENUINE PARTS CO | United States | COM | 659,795 | 67,810 | -591,985 | $69,773,563 | $7,999,217 | -$61,774,346 |
|---|
CTSH
COGNIZANT TECHNOLOGY SOLUTIO | United States | CL A | 2,434,798 | 2,293,941 | -140,857 | $149,375,722 | $88,844,927 | -$60,530,795 |
|---|
PFE
PFIZER INC | United States | COM | 5,136,267 | 3,503,491 | -1,632,776 | $144,221,957 | $84,385,161 | -$59,836,796 |
|---|
CAT
CATERPILLAR INC | United States | COM | 280,245 | 242,726 | -37,519 | $198,512,834 | $258,295,225 | +$59,782,391 |
|---|
CP
CANADIAN PACIFIC KANSAS CITY | | COM | 7,080,217 | 7,056,476 | -23,741 | $554,907,764 | $610,327,795 | +$55,420,031 |
|---|
PANW
PALO ALTO NETWORKS INC | United States | COM | 1,239,268 | 739,323 | -499,945 | $198,683,420 | $251,827,012 | +$53,143,592 |
|---|
FTNT
FORTINET INC | United States | COM | 784,902 | 724,545 | -60,357 | $64,143,806 | $111,307,456 | +$47,163,650 |
|---|
DXCM
DEXCOM INC | United States | COM | 1,870,971 | 1,065,517 | -805,454 | $117,497,778 | $71,764,663 | -$45,733,115 |
|---|
MS
MORGAN STANLEY | United States | COM NEW | 1,247,157 | 772,116 | -475,041 | $205,244,539 | $161,406,882 | -$43,837,657 |
|---|
ADP
AUTOMATIC DATA PROCESSING IN | United States | COM | 431,799 | 199,882 | -231,917 | $87,734,867 | $44,765,027 | -$42,969,840 |
|---|
UBER
UBER TECHNOLOGIES INC | United States | COM | 3,757,685 | 3,154,100 | -603,585 | $270,282,449 | $227,507,879 | -$42,774,570 |
|---|
WBS
WEBSTER FINL CORP | United States | COM | 1,126,214 | 481,571 | -644,643 | $78,181,776 | $36,801,656 | -$41,380,120 |
|---|
SLF
SUN LIFE FINANCIAL INC. | | COM | 6,679,041 | 5,850,227 | -828,814 | $417,148,093 | $457,769,666 | +$40,621,573 |
|---|
FIS
FIDELITY NATL INFORMATION SV | United States | COM | 1,094,734 | 334,785 | -759,949 | $51,354,522 | $13,017,178 | -$38,337,344 |
|---|
BX
BLACKSTONE INC | United States | COM | 1,025,999 | 677,587 | -348,412 | $118,005,162 | $79,729,544 | -$38,275,618 |
|---|
BSX
BOSTON SCIENTIFIC CORP | United States | COM | 1,260,894 | 958,975 | -301,919 | $79,123,078 | $40,938,808 | -$38,184,270 |
|---|
CMCSA
COMCAST CORP NEW | United States | CL A | 5,963,642 | 5,517,607 | -446,035 | $171,219,746 | $135,461,380 | -$35,758,366 |
|---|
VRTX
VERTEX PHARMACEUTICALS INC | United States | COM | 272,117 | 172,898 | -99,219 | $121,515,327 | $85,889,143 | -$35,626,184 |
|---|
PLD
PROLOGIS INC. | United States | COM | 491,891 | 217,054 | -274,837 | $65,022,161 | $29,409,257 | -$35,612,904 |
|---|
RVMD
REVOLUTION MEDICINES INC | United States | COM | 1,749,000 | 1,096,025 | -652,975 | $170,090,250 | $205,264,923 | +$35,174,673 |
|---|
COP
CONOCOPHILLIPS | United States | COM | 688,888 | 544,714 | -144,174 | $90,937,064 | $56,637,921 | -$34,299,143 |
|---|
CVS
CVS HEALTH CORP | United States | COM | 1,116,043 | 1,106,134 | -9,909 | $80,159,468 | $114,426,947 | +$34,267,479 |
|---|
FTAI
FTAI AVIATION LTD | United States | SHS | 138,203 | 202 | -138,001 | $33,859,735 | $54,647 | -$33,805,088 |
|---|
PCAR
PACCAR INC | United States | COM | 595,827 | 298,395 | -297,432 | $68,819,940 | $35,845,539 | -$32,974,401 |
|---|
MNST
MONSTER BEVERAGE CORP NEW | United States | COM | 991,026 | 405,670 | -585,356 | $71,810,920 | $38,995,227 | -$32,815,693 |
|---|
ROST
ROSS STORES INC | United States | COM | 759,980 | 627,889 | -132,091 | $164,636,437 | $133,650,783 | -$30,985,654 |
|---|
GLPI
GAMING & LEISURE P | United States | COM | 667,141 | 2 | -667,139 | $29,601,046 | $89 | -$29,600,957 |
|---|
ELV
ELEVANCE HEALTH INC FORMERLY | United States | COM | 312,791 | 161,584 | -151,207 | $91,573,577 | $62,492,163 | -$29,081,414 |
|---|
PYPL
PAYPAL HLDGS INC | United States | COM | 1,162,428 | 581,823 | -580,605 | $52,576,458 | $25,118,885 | -$27,457,573 |
|---|
VST
VISTRA CORP | United States | COM | 682,158 | 482,518 | -199,640 | $102,549,545 | $76,543,926 | -$26,005,619 |
|---|
IONQ
IONQ INC | United States | COM | 1,333,373 | 1,187,896 | -145,477 | $38,441,210 | $63,269,002 | +$24,827,792 |
|---|
ALGN
ALIGN TECHNOLOGY INC | United States | COM | 200,717 | 57,308 | -143,409 | $34,408,703 | $9,665,361 | -$24,743,342 |
|---|
ANET
ARISTA NETWORKS INC | United States | COM SHS | 733,373 | 670,169 | -63,204 | $90,051,153 | $113,836,916 | +$23,785,763 |
|---|
MGA
MAGNA INTL INC | | COM | 2,667,427 | 2,606,090 | -61,337 | $147,520,534 | $171,124,047 | +$23,603,513 |
|---|
REGN
REGENERON PHARMACEUTICALS | United States | COM | 130,006 | 125,812 | -4,194 | $100,448,803 | $78,451,513 | -$21,997,290 |
|---|
BNY
BANK OF NY MELLON CORP | United States | COM | 368,479 | 150,900 | -217,579 | $43,713,342 | $21,817,193 | -$21,896,149 |
|---|
CAE
CAE INC | | COM | 4,154,727 | 3,468,309 | -686,418 | $108,018,694 | $86,660,713 | -$21,357,981 |
|---|
LITE
LUMENTUM HLDGS INC | United States | COM | 197,529 | 186,344 | -11,185 | $138,814,540 | $159,895,953 | +$21,081,413 |
|---|
ONDS
ONDAS INC | United States | COM NEW | 4,221,620 | 2,097,850 | -2,123,770 | $38,163,386 | $17,286,325 | -$20,877,061 |
|---|
BWXT
BWX TECHNOLOGIES INC | United States | COM | 104,809 | 2,891 | -101,918 | $21,433,133 | $563,245 | -$20,869,888 |
|---|
TRP
TC ENERGY CORP | | COM | 10,335,091 | 10,054,565 | -280,526 | $641,020,764 | $661,436,783 | +$20,416,019 |
|---|
BTE
BAYTEX ENERGY CORP | | COM | 4,908,778 | 559,033 | -4,349,745 | $21,924,716 | $2,225,614 | -$19,699,102 |
|---|
HBM
HUDBAY MINERALS INC | | COM | 2,768,891 | 1,668,804 | -1,100,087 | $57,625,587 | $39,035,948 | -$18,589,639 |
|---|
CAH
CARDINAL HEALTH INC | United States | COM | 405,191 | 282,532 | -122,659 | $85,622,337 | $67,120,339 | -$18,501,998 |
|---|
ROP
ROPER TECHNOLOGIES INC | United States | COM | 113,703 | 64,244 | -49,459 | $40,236,558 | $21,741,377 | -$18,495,181 |
|---|
AON
AON PLC | Ireland | SHS CL A | 135,728 | 77,226 | -58,502 | $43,813,333 | $25,617,449 | -$18,195,884 |
|---|
KDP
KEURIG DR PEPPER INC | United States | COM | 1,386,125 | 559,203 | -826,922 | $36,498,888 | $18,305,771 | -$18,193,117 |
|---|
HCA
HCA HEALTHCARE INC | United States | COM | 125,770 | 106,185 | -19,585 | $59,512,303 | $41,399,210 | -$18,113,093 |
|---|
TRV
TRAVELERS COMPANIES INC | United States | COM | 140,577 | 69,690 | -70,887 | $41,007,295 | $22,992,451 | -$18,014,844 |
|---|
CRM
SALESFORCE INC | United States | COM | 508,715 | 492,295 | -16,420 | $94,964,107 | $77,133,409 | -$17,830,698 |
|---|
BTG
B2GOLD CORP | | COM | 6,995,534 | 3,794,424 | -3,201,110 | $31,602,988 | $14,131,183 | -$17,471,805 |
|---|
VZ
VERIZON COMMUNICATIONS INC | United States | COM | 2,135,819 | 2,134,871 | -948 | $107,207,453 | $90,413,862 | -$16,793,591 |
|---|
AMAT
APPLIED MATLS INC | United States | COM | 1,168,471 | 575,240 | -593,231 | $399,350,362 | $415,917,085 | +$16,566,723 |
|---|
GEV
GE VERNOVA INC | United States | COM | 161,323 | 133,944 | -27,379 | $140,823,990 | $157,225,497 | +$16,401,507 |
|---|
MCHP
MICROCHIP TECHNOLOGY INC. | United States | COM | 833,164 | 768,583 | -64,581 | $53,831,844 | $70,096,716 | +$16,264,872 |
|---|
INSM
INSMED INC | United States | COM PAR $.01 | 104,758 | 16,886 | -87,872 | $17,131,077 | $1,801,283 | -$15,329,794 |
|---|
A
AGILENT TECHNOLOGIES INC | United States | COM | 536,758 | 345,370 | -191,388 | $61,180,737 | $45,876,985 | -$15,303,752 |
|---|
CCEP
COCA-COLA EUROPACIFIC PARTNE | | SHS | 241,835 | 68,505 | -173,330 | $21,928,228 | $6,856,283 | -$15,071,945 |
|---|
AMD
ADVANCED MICRO DEVICES INC | United States | COM | 4,517,318 | 1,607,891 | -2,909,427 | $918,963,935 | $933,902,540 | +$14,938,605 |
|---|
WDAY
WORKDAY INC | United States | CL A | 230,770 | 123,003 | -107,767 | $29,982,533 | $15,059,111 | -$14,923,422 |
|---|
ABNB
AIRBNB INC | United States | COM CL A | 613,490 | 437,395 | -176,095 | $77,472,560 | $62,593,492 | -$14,879,068 |
|---|
SPGI
S&P GLOBAL INC | United States | COM | 160,018 | 131,159 | -28,859 | $68,066,054 | $53,410,348 | -$14,655,706 |
|---|
CCK
CROWN HLDGS INC | United States | COM | 140,372 | 960 | -139,412 | $14,072,249 | $107,352 | -$13,964,897 |
|---|
ALB
ALBEMARLE CORP | United States | COM | 166,578 | 118,225 | -48,353 | $29,905,731 | $15,964,194 | -$13,941,537 |
|---|
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