Generalist · Montreal, Canada
National Bank of Canada
Q3 2025 · compared with Q2 2025
Filed as National Bank Of Canada /fi/
- Software
- $10.5B
- Weight of 13F
- 11.9%
- Names
- 129
- Net bought
- +$397M
Filed 14 November 2025 · SEC filing.
2,472 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
- MicrosoftMSFT8,246,829 shares · 40.7% of their software · price +$169M$4.3B−$473M
- ShopifySHOP9,845,580 shares · 13.9% of their software · price +$327M$1.5B−$69.7M
- Strategy IncMSTR2,044,804 shares · 6.3% of their software · price −$168M$659M+$597M
- PalantirPLTR3,477,346 shares · 6.0% of their software · price +$160M$634M+$193M
- SalesforceCRM2,205,672 shares · 5.0% of their software · price −$78.7M$523M+$214M
- OracleORCL1,235,011 shares · 3.3% of their software · price +$77.3M$347M+$5.3M
- Fiserv, Inc.FISV2,375,243 shares · 2.9% of their software · price −$103M$306M+$344M
- IntuitINTU326,799 shares · 2.1% of their software · price −$34.2M$223M+$8.5M
- WorkdayWDAY832,670 shares · 1.9% of their software · price +$608K$200M+$149M
- Uber Technologies, Inc.UBER1,959,503 shares · 1.8% of their software · price +$9.2M$192M−$17.3M
- AdobeADBE420,089 shares · 1.4% of their software · price −$14.3M$148M−$38.9M
- Palo Alto NetworksPANW674,373 shares · 1.3% of their software · price −$688K$137M+$16.1M
- Automatic Data Processing, Inc.ADP402,408 shares · 1.1% of their software · price −$6.0M$118M−$16.1M
- CrowdStrikeCRWD211,825 shares · 1.0% of their software · price −$4.0M$104M−$8.0M
- CadenceCDNS276,621 shares · 0.9% of their software · price +$11.9M$97.2MFlat
- AppLovinAPP134,051 shares · 0.9% of their software · price +$49.4M$96.3M−$13.8M
- OpenTextOTEX2,538,737 shares · 0.9% of their software · price +$20.8M$94.3M−$29.7M
- SynopsysSNPS186,083 shares · 0.9% of their software · price −$3.6M$91.8M+$18.0M
- ServiceNowNOW83,344 shares · 0.7% of their software · price −$9.0M$76.7M−$154M
- AutodeskADSK224,717 shares · 0.7% of their software · price +$1.8M$71.4M+$2.5M
- Roper Technologies, Inc.ROP132,620 shares · 0.6% of their software · price −$9.0M$66.1M+$14.9M
- Paychex, Inc.PAYX521,415 shares · 0.6% of their software · price −$9.8M$66.1M+$20.9M
- BILLBILL800,000 shares · 0.4% of their software · price +$5.4M$42.4MNew · +$37.0M
- Block, Inc.XYZ544,532 shares · 0.4% of their software · price +$2.4M$39.4M+$21.1M
- VeriskVRSK147,059 shares · 0.4% of their software · price −$8.8M$37.0M−$16.5M
- Full Truck Alliance Co. Ltd.YMM2,757,300 shares · 0.3% of their software · price +$3.2M$35.8M+$18.3M
- CloudflareNET144,218 shares · 0.3% of their software · price +$2.7M$30.9M+$26.5M
- The Trade DeskTTD502,776 shares · 0.2% of their software · price −$11.6M$24.6M+$26.0M
- FortinetFTNT290,581 shares · 0.2% of their software · price −$6.3M$24.4M−$101M
- DescartesDSGX220,143 shares · 0.2% of their software · price −$1.6M$20.7M−$56.3M
- BoxBOX600,000 shares · 0.2% of their software · price −$1.1M$19.4MFlat
- DatadogDDOG134,064 shares · 0.2% of their software · price +$1.1M$19.1M+$6.5M
- BroadridgeBR78,805 shares · 0.2% of their software$18.8M−$2.3M
- CoStarCSGP202,856 shares · 0.2% of their software · price +$805K$17.1M−$17.1M
- NetApp, Inc.NTAP143,535 shares · 0.2% of their software · price +$1.7M$17.0M−$10.4M
- VeriSign, Inc.VRSN48,697 shares · 0.1% of their software$13.6M−$2.4M
- Fair IsaacFICO8,337 shares · 0.1% of their software · price −$2.8M$12.5M−$24.0M
- PTCPTC58,372 shares · 0.1% of their software · price +$1.8M$11.9M−$4.4M
- GoDaddyGDDY85,667 shares · 0.1% of their software · price −$3.7M$11.7M−$6.8M
- ProcorePCOR149,934 shares · 0.1% of their software · price +$675K$10.9MFlat
- Tyler TechnologiesTYL20,597 shares · 0.1% of their software · price −$1.4M$10.8M−$5.7M
- ZscalerZS35,700 shares · 0.1% of their software · price −$510K$10.7M−$47.5M
- AtlassianTEAM65,500 shares · 0.1% of their software · price −$2.8M$10.5M+$4.3M
- LightspeedLSPD868,854 shares · 0.1% of their software$10.0M+$6.7M
- SAPSAP32,745 shares · 0.1% of their software · price −$1.2M$8.8M−$5.6M
- PaycomPAYC35,696 shares · 0.1% of their software · price −$830K$7.4M−$850K
- Corpay, Inc.CPAY24,426 shares · 0.1% of their software · price −$1.1M$7.0M−$8.2M
- TrimbleTRMB84,730 shares · 0.1% of their software$6.9M−$6.6M
- AkamaiAKAM75,557 shares · 0.1% of their software$5.7M−$2.1M
- Gen DigitalGEN193,841 shares · 0.1% of their software$5.5M−$6.9M
- FactSetFDS17,326 shares · 0.0% of their software · price −$2.8M$5.0M−$8.0M
- SnowflakeSNOW13,338 shares · 0.0% of their software$3.0M−$48.8M
- F5, Inc.FFIV7,681 shares · 0.0% of their software$2.5M−$9.5M
- CoreWeave, Inc.CRWV15,134 shares · 0.0% of their software$2.1M+$2.1M
- monday.comMNDY10,293 shares · 0.0% of their software · price −$1.2M$2.0M+$2.4M
- C3.aiAI96,834 shares · 0.0% of their software · price −$700K$1.7M−$28.4M
- Rezolve AI PLCRZLV323,300 shares · 0.0% of their software · price +$616K$1.6M+$993K
- BlackBerry LimitedBB291,302 shares · 0.0% of their software$1.4MFlat
- DuolingoDUOL4,099 shares · 0.0% of their software$1.3M−$3.2M
- Core Scientific, Inc.CORZ73,500 shares · 0.0% of their software$1.3MNew · +$1.3M
- InterDigital, Inc.IDCC2,249 shares · 0.0% of their software$776KFlat
- Yalla Group LimitedYALA100,000 shares · 0.0% of their software$751KNew · +$674K
- DoceboDCBO24,937 shares · 0.0% of their software$675KFlat
- ZoomZM6,544 shares · 0.0% of their software$540KFlat
- Lyft, Inc.LYFT22,611 shares · 0.0% of their software$498K−$2.5M
- Sangoma Technologies CorporationSANG100,687 shares · 0.0% of their software$493KFlat
- VeevaVEEV1,137 shares · 0.0% of their software$339K−$705K
- Check PointCHKP1,530 shares · 0.0% of their software$316KFlat
- SS&CSSNC3,030 shares · 0.0% of their software$269KFlat
- DocuSignDOCU3,489 shares · 0.0% of their software$251KFlat
- MongoDBMDB785 shares · 0.0% of their software$243K−$11.3M
- GuidewireGWRE890 shares · 0.0% of their software$204KFlat
- AI Financial CorporationAIFC67,974 shares · 0.0% of their software$182KFlat
- AsanaASAN13,565 shares · 0.0% of their software$181KFlat
- BTQ Technologies Corp.BTQ26,180 shares · 0.0% of their software$178KNew · Flat
- HubSpotHUBS379 shares · 0.0% of their software$177KFlat
- UnityU4,099 shares · 0.0% of their software$164KFlat
- SoundHound AI, Inc.SOUN8,548 shares · 0.0% of their software$137KFlat
- ToastTOST3,725 shares · 0.0% of their software$136K−$3.6M
- NutanixNTNX1,729 shares · 0.0% of their software$129KFlat
- Palladyne AI Corp.PDYN13,665 shares · 0.0% of their software$117KFlat
- OktaOKTA1,259 shares · 0.0% of their software$115KFlat
- Figma, Inc.FIG1,933 shares · 0.0% of their software$100KNew · Flat
- TwilioTWLO987 shares · 0.0% of their software$99KFlat
- DynatraceDT2,012 shares · 0.0% of their software$97KFlat
- SamsaraIOT2,289 shares · 0.0% of their software$87KFlat
- StoneCo Ltd.STNE3,424 shares · 0.0% of their software$65KFlat
- WixWIX302 shares · 0.0% of their software$54KNew · Flat
- Bentley SystemsBSY1,041 shares · 0.0% of their software$54KFlat
- MorningstarMORN171 shares · 0.0% of their software$40K−$13.7M
- Gorilla Technology Group Inc.GRRR2,000 shares · 0.0% of their software$37KNew · Flat
- Zeta GlobalZETA1,835 shares · 0.0% of their software$36KFlat
- Dave Inc.DAVE149 shares · 0.0% of their software$30KNew · Flat
- Arqit Quantum Inc.ARQQ706 shares · 0.0% of their software$27KNew · Flat
- ePlus inc.PLUS278 shares · 0.0% of their software$20KFlat
- WeRide Inc.WRD1,983 shares · 0.0% of their software$20KFlat
- UiPathPATH1,355 shares · 0.0% of their software$18K−$46.1M
- Aeva Technologies, Inc.AEVA1,191 shares · 0.0% of their software$17KFlat
- FastlyFSLY1,379 shares · 0.0% of their software$12KFlat
- Agilysys, Inc.AGYS99 shares · 0.0% of their software$10KFlat
- Tucows Inc.TCX431 shares · 0.0% of their software$9KFlat
- DigitalOceanDOCN271 shares · 0.0% of their software$9KFlat
- Euronet Worldwide, Inc.EEFT91 shares · 0.0% of their software$8KFlat
- Creative Realities, Inc.CREX3,441 shares · 0.0% of their software$8KFlat
- SemrushSEMR1,100 shares · 0.0% of their software$8K—
- PowerFleet, Inc.AIOT1,282 shares · 0.0% of their software$7KFlat
- Sportradar Group AGSRAD248 shares · 0.0% of their software$7KFlat
- Blaize Holdings, Inc.BZAI1,630 shares · 0.0% of their software$6KFlat
- Joint Stock Company Kaspi.kzKSPI68 shares · 0.0% of their software$6KNew · Flat
- SchrödingerSDGR253 shares · 0.0% of their software$5KFlat
- YextYEXT515 shares · 0.0% of their software$4KFlat
- PDF Solutions, Inc.PDFS152 shares · 0.0% of their software$4KNew · Flat
- Kingsoft Cloud Holdings LimitedKC225 shares · 0.0% of their software$3K−$4.0M
- PubMaticPUBM341 shares · 0.0% of their software$3KFlat
- PAR Technology CorporationPAR63 shares · 0.0% of their software$2KFlat
- Sabre CorporationSABR721 shares · 0.0% of their software$1KFlat
- AudioEye, Inc.AEYE87 shares · 0.0% of their software$1KFlat
- PhreesiaPHR50 shares · 0.0% of their software$1KNew · Flat
- AmplitudeAMPL73 shares · 0.0% of their software$783Flat
- Materialise NVMTLS130 shares · 0.0% of their software$719Flat
- Exodus Movement, Inc.EXOD21 shares · 0.0% of their software$568Flat
- FlywireFLYW32 shares · 0.0% of their software$433Flat
- A2Z Cust2Mate Solutions Corp.AZ48 shares · 0.0% of their software$383Flat
- AppianAPPN12 shares · 0.0% of their software$367New · Flat
- ElasticESTC4 shares · 0.0% of their software$320New · Flat
- Diebold Nixdorf, IncorporatedDBD1 shares · 0.0% of their software$57New · Flat
- Five9FIVN1 shares · 0.0% of their software$24New · Flat
- Simulations PlusSLP1 shares · 0.0% of their software$15Flat
- Riskified Ltd.RSKD1 shares · 0.0% of their software$5Flat