Generalist · Montreal, Canada
National Bank of Canada
Q2 2025 · compared with Q1 2025
Filed as National Bank Of Canada /fi/
- Software
- $9.7B
- Weight of 13F
- 10.3%
- Names
- 139
- Net bought
- −$167M
Filed 13 August 2025 · SEC filing.
2,600 positions in the whole 13F.
Quarters on file
Each quarter on file, back to June 2016 when the filing exists. Net bought is the share change from the previous quarter at that quarter’s close. A split that leaves the dollar value in place counts as flat.
- Q2 2026162 names$9.4B−$128M
- Q1 2026140 names$9.6B+$2.1B
- Q4 2025129 names$10.4B+$1.5B
- Q3 2025129 names$10.5B+$397M
- Q2 2025139 names$9.7B−$167M
- Q1 2025129 names$7.9B+$1.3B
- Q4 2024132 names$7.6B+$57.8M
- Q3 2024125 names$7.0B+$1.6B
- Q2 2024126 names$5.5B−$33.9M
- Q1 2024123 names$5.1B−$323M
- Q4 2023119 names$5.2B+$233M
- Q3 2023123 names$4.2B+$736M
- Q2 2023122 names$3.7B+$1.1B
- Q1 2023122 names$2.1B−$17.1M
- Q4 2022119 names$1.7B+$678M
- Q3 2022111 names$950M−$156M
- Q2 2022114 names$1.3B−$102M
- Q1 2022120 names$1.9B+$434M
- Q4 2021123 names$1.9B—
What moved the book
The five software lines with the largest share change this quarter.
Software held
- MicrosoftMSFT9,198,336 shares · 46.9% of their software · price +$1.1B$4.6B−$453M
- ShopifySHOP10,449,899 shares · 12.3% of their software · price +$208M$1.2B+$121M
- SalesforceCRM1,422,569 shares · 4.0% of their software · price +$6.2M$388M−$205M
- PalantirPLTR2,063,142 shares · 2.9% of their software · price +$107M$281M+$60.0M
- OracleORCL1,210,881 shares · 2.7% of their software · price +$95.4M$265M−$52.6M
- IntuitINTU316,054 shares · 2.6% of their software · price +$54.9M$249M−$57.1M
- ServiceNowNOW233,478 shares · 2.5% of their software · price +$54.2M$240M+$69.1M
- Strategy IncMSTR567,946 shares · 2.4% of their software · price +$65.9M$230M−$50.9M
- AdobeADBE520,731 shares · 2.1% of their software · price +$1.7M$201M+$83.4M
- Uber Technologies, Inc.UBER2,144,846 shares · 2.1% of their software · price +$43.8M$200M+$44.6M
- Automatic Data Processing, Inc.ADP454,523 shares · 1.4% of their software · price +$1.3M$140M−$3.1M
- FortinetFTNT1,246,899 shares · 1.4% of their software · price +$11.8M$132M+$59.8M
- Palo Alto NetworksPANW595,562 shares · 1.3% of their software · price +$20.2M$122M+$26.8M
- CrowdStrikeCRWD227,512 shares · 1.2% of their software · price +$35.7M$116M+$9.9M
- OpenTextOTEX3,555,535 shares · 1.1% of their software · price +$14.0M$103M+$2.3M
- CadenceCDNS277,570 shares · 0.9% of their software · price +$14.9M$85.5M+$1.0M
- DescartesDSGX773,757 shares · 0.8% of their software · price +$634K$78.5M−$4.9M
- SynopsysSNPS151,027 shares · 0.8% of their software · price +$12.7M$77.4M+$26.1M
- AutodeskADSK216,521 shares · 0.7% of their software · price +$10.3M$67.0M+$11.9M
- Fiserv, Inc.FISV378,559 shares · 0.7% of their software · price −$18.3M$65.3M−$14.0M
- VeriskVRSK200,013 shares · 0.6% of their software · price +$2.8M$62.3M+$18.8M
- AppLovinAPP173,365 shares · 0.6% of their software · price +$14.8M$60.7M+$45.6M
- Roper Technologies, Inc.ROP106,338 shares · 0.6% of their software · price −$2.4M$60.3M+$3.7M
- ZscalerZS186,978 shares · 0.6% of their software · price +$21.6M$58.7M+$31.6M
- Paychex, Inc.PAYX377,445 shares · 0.6% of their software · price −$3.3M$54.9M+$3.6M
- SnowflakeSNOW231,457 shares · 0.5% of their software · price +$18.0M$51.8M+$30.8M
- WorkdayWDAY211,484 shares · 0.5% of their software · price +$1.4M$50.8M+$9.0M
- UiPathPATH3,600,000 shares · 0.5% of their software · price +$9.0M$46.1M+$37.0M
- Fair IsaacFICO21,452 shares · 0.4% of their software$39.2M+$15.1M
- CoStarCSGP415,626 shares · 0.3% of their software$33.4M+$5.8M
- C3.aiAI1,252,298 shares · 0.3% of their software · price +$4.4M$30.8M+$26.3M
- NetApp, Inc.NTAP240,684 shares · 0.3% of their software · price +$4.5M$25.6M+$4.9M
- GoDaddyGDDY123,335 shares · 0.2% of their software$22.2M−$74.8M
- BroadridgeBR88,429 shares · 0.2% of their software$21.5M−$2.9M
- BoxBOX600,000 shares · 0.2% of their software · price +$2.0M$20.5MNew · +$18.5M
- Tyler TechnologiesTYL30,159 shares · 0.2% of their software$17.9M−$1.2M
- VeriSign, Inc.VRSN56,934 shares · 0.2% of their software · price +$2.0M$16.4M−$1.3M
- Corpay, Inc.CPAY49,165 shares · 0.2% of their software · price −$831K$16.3M+$1.4M
- Block, Inc.XYZ234,279 shares · 0.2% of their software · price +$3.2M$15.9M+$11.4M
- FactSetFDS35,228 shares · 0.2% of their software$15.8M+$3.1M
- SAPSAP51,311 shares · 0.2% of their software · price +$1.8M$15.6M−$1.2M
- PTCPTC83,848 shares · 0.1% of their software · price +$1.5M$14.5M−$1.3M
- Full Truck Alliance Co. Ltd.YMM1,209,500 shares · 0.1% of their software · price −$1.2M$14.3M+$15.1M
- MorningstarMORN43,878 shares · 0.1% of their software · price +$617K$13.8M+$8.6M
- TrimbleTRMB171,201 shares · 0.1% of their software · price +$1.8M$13.0M−$1.2M
- Gen DigitalGEN428,324 shares · 0.1% of their software · price +$1.2M$12.6M+$3.0M
- F5, Inc.FFIV40,122 shares · 0.1% of their software · price +$1.1M$11.8M−$1.0M
- MongoDBMDB54,814 shares · 0.1% of their software · price +$1.9M$11.5M−$837K
- DatadogDDOG85,384 shares · 0.1% of their software · price +$3.0M$11.5M+$4.3M
- ProcorePCOR149,822 shares · 0.1% of their software$10.3MNew · +$9.9M
- The Trade DeskTTD141,972 shares · 0.1% of their software · price +$2.5M$10.2M−$14.1M
- PaycomPAYC39,370 shares · 0.1% of their software · price +$509K$9.1M+$2.4M
- AtlassianTEAM44,344 shares · 0.1% of their software$9.0M+$4.8M
- BlackLineBL150,000 shares · 0.1% of their software · price +$1.2M$8.5MNew · +$7.3M
- AkamaiAKAM102,256 shares · 0.1% of their software$8.2M−$17.9M
- DuolingoDUOL11,971 shares · 0.1% of their software · price +$1.2M$4.9M+$2.4M
- Kingsoft Cloud Holdings LimitedKC317,425 shares · 0.0% of their software · price −$584K$4.0M+$4.6M
- ToastTOST85,022 shares · 0.0% of their software · price +$945K$3.8M−$22.2M
- LightspeedLSPD300,956 shares · 0.0% of their software · price +$891K$3.5M−$6.4M
- Lyft, Inc.LYFT182,792 shares · 0.0% of their software · price +$711K$2.9M−$13.3M
- Manhattan AssociatesMANH12,300 shares · 0.0% of their software$2.4M+$2.1M
- DoubleVerifyDV128,036 shares · 0.0% of their software$1.9MNew · +$1.7M
- CloudflareNET8,726 shares · 0.0% of their software · price +$725K$1.7MFlat
- BlackBerry LimitedBB329,651 shares · 0.0% of their software$1.5MFlat
- VeevaVEEV3,585 shares · 0.0% of their software$1.0M−$1.0M
- monday.comMNDY2,574 shares · 0.0% of their software$808KFlat
- DoceboDCBO23,106 shares · 0.0% of their software$650K−$617K
- Sangoma Technologies CorporationSANG96,188 shares · 0.0% of their software$591KFlat
- InterDigital, Inc.IDCC2,236 shares · 0.0% of their software$501K−$6.1M
- Check PointCHKP2,229 shares · 0.0% of their software$492KFlat
- ZoomZM6,109 shares · 0.0% of their software$476KFlat
- CoreWeave, Inc.CRWV2,455 shares · 0.0% of their software$400KNew · Flat
- DocuSignDOCU4,036 shares · 0.0% of their software$314K−$594K
- AI Financial CorporationAIFC42,140 shares · 0.0% of their software$305KFlat
- Euronet Worldwide, Inc.EEFT2,480 shares · 0.0% of their software$251KFlat
- SS&CSSNC2,701 shares · 0.0% of their software$223KFlat
- HubSpotHUBS349 shares · 0.0% of their software$194KFlat
- AsanaASAN13,895 shares · 0.0% of their software$188KFlat
- Palladyne AI Corp.PDYN20,625 shares · 0.0% of their software$179KFlat
- UnityU6,260 shares · 0.0% of their software$152KFlat
- Pagaya Technologies Ltd.PGY6,737 shares · 0.0% of their software$143KFlat
- GuidewireGWRE529 shares · 0.0% of their software$125KFlat
- NutanixNTNX1,625 shares · 0.0% of their software$124KFlat
- SamsaraIOT3,128 shares · 0.0% of their software$124KFlat
- OktaOKTA1,160 shares · 0.0% of their software$116KFlat
- TwilioTWLO927 shares · 0.0% of their software$115KFlat
- DynatraceDT1,890 shares · 0.0% of their software$104KFlat
- ZenaTech, Inc.ZENA27,400 shares · 0.0% of their software$101KNew · Flat
- SoundHound AI, Inc.SOUN8,352 shares · 0.0% of their software$90K−$3.5M
- Karooooo Ltd.KARO1,644 shares · 0.0% of their software$80KNew · Flat
- StoneCo Ltd.STNE3,720 shares · 0.0% of their software$60KFlat
- Blaize Holdings, Inc.BZAI19,500 shares · 0.0% of their software$58KFlat
- Alarum Technologies Ltd.ALAR4,000 shares · 0.0% of their software$53KFlat
- Bentley SystemsBSY956 shares · 0.0% of their software$52KFlat
- Aeva Technologies, Inc.AEVA1,241 shares · 0.0% of their software$47KFlat
- Creative Realities, Inc.CREX11,408 shares · 0.0% of their software$38KNew · Flat
- Sportradar Group AGSRAD1,072 shares · 0.0% of their software$30KFlat
- Tucows Inc.TCX1,027 shares · 0.0% of their software$26KFlat
- AvePointAVPT1,253 shares · 0.0% of their software$24KFlat
- WeRide Inc.WRD2,953 shares · 0.0% of their software$23KFlat
- ePlus inc.PLUS275 shares · 0.0% of their software$20KFlat
- Cellebrite DI Ltd.CLBT994 shares · 0.0% of their software$16KFlat
- FastlyFSLY2,207 shares · 0.0% of their software$16KNew · Flat
- OneSpan Inc.OSPN849 shares · 0.0% of their software$14KFlat
- Agilysys, Inc.AGYS112 shares · 0.0% of their software$13KNew · Flat
- SchrödingerSDGR595 shares · 0.0% of their software$12KFlat
- Amdocs LimitedDOX354 shares · 0.0% of their software · Implied price is far from the quarter-end close$10KNew
- DigitalOceanDOCN333 shares · 0.0% of their software$9KFlat
- Zeta GlobalZETA568 shares · 0.0% of their software$9KFlat
- Paysafe LimitedPSFE554 shares · 0.0% of their software$7KFlat
- Rekor Systems, Inc.REKR5,000 shares · 0.0% of their software$6KFlat
- Grab Holdings LimitedGRAB1,095 shares · 0.0% of their software$6KFlat
- PowerFleet, Inc.AIOT1,276 shares · 0.0% of their software$5KFlat
- GigaCloud Technology Inc.GCT266 shares · 0.0% of their software$5KFlat
- SemrushSEMR500 shares · 0.0% of their software$5KFlat
- Global-EGLBE134 shares · 0.0% of their software$4KFlat
- YextYEXT525 shares · 0.0% of their software$4KFlat
- PubMaticPUBM331 shares · 0.0% of their software$4KFlat
- Sabre CorporationSABR672 shares · 0.0% of their software$2KFlat
- Health CatalystHCAT297 shares · 0.0% of their software$1KNew · Flat
- AudioEye, Inc.AEYE87 shares · 0.0% of their software$1KFlat
- Rezolve AI PLCRZLV326 shares · 0.0% of their software$1KNew · Flat
- PAR Technology CorporationPAR13 shares · 0.0% of their software$902New · Flat
- AmplitudeAMPL70 shares · 0.0% of their software$867Flat
- Materialise NVMTLS130 shares · 0.0% of their software$734Flat
- Bakkt, Inc.BKKT51 shares · 0.0% of their software$716New · Flat
- A2Z Cust2Mate Solutions Corp.AZ48 shares · 0.0% of their software$507Flat
- Exodus Movement, Inc.EXOD18 shares · 0.0% of their software$487Flat
- Smartbird, IncBIRD41 shares · 0.0% of their software$443New · Flat
- Simulations PlusSLP24 shares · 0.0% of their software$418Flat
- FlywireFLYW34 shares · 0.0% of their software$397Flat
- Airship AI Holdings, Inc.AISP34 shares · 0.0% of their software$200New · Flat
- Riskified Ltd.RSKD33 shares · 0.0% of their software$164Flat
- DomoDOMO10 shares · 0.0% of their software$140New
- i3 Verticals, Inc.IIIV4 shares · 0.0% of their software$110New · Flat
- Sprout SocialSPT1 shares · 0.0% of their software$21Flat
- Endava plcDAVA1 shares · 0.0% of their software$15Flat
- CourseraCOUR1 shares · 0.0% of their software$9Flat
- Xperi Inc.XPER1 shares · 0.0% of their software$8Flat