Generalist · Montreal, Canada
National Bank of Canada
Q4 2025 · compared with Q3 2025
Filed as National Bank Of Canada /fi/
- Software
- $10.4B
- Weight of 13F
- 10.7%
- Names
- 129
- Net bought
- +$1.5B
Filed 17 February 2026 · SEC filing.
2,560 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
- MicrosoftMSFT9,913,440 shares · 45.9% of their software · price −$340M$4.8B+$863M
- ShopifySHOP9,417,620 shares · 14.5% of their software · price +$116M$1.5B−$63.6M
- PalantirPLTR4,138,356 shares · 7.0% of their software · price −$19.3M$736M+$121M
- OracleORCL3,513,197 shares · 6.6% of their software · price −$303M$685M+$641M
- SalesforceCRM978,284 shares · 2.5% of their software · price +$27.3M$259M−$291M
- IntuitINTU347,502 shares · 2.2% of their software · price −$7.1M$230M+$14.1M
- Palo Alto NetworksPANW974,404 shares · 1.7% of their software · price −$18.9M$179M+$61.1M
- CrowdStrikeCRWD365,391 shares · 1.6% of their software · price −$7.9M$171M+$75.3M
- Uber Technologies, Inc.UBER2,029,588 shares · 1.6% of their software · price −$33.0M$166M+$6.9M
- AdobeADBE435,437 shares · 1.5% of their software · price −$1.2M$152M+$5.4M
- Strategy IncMSTR1,001,757 shares · 1.5% of their software · price −$171M$152M−$336M
- Automatic Data Processing, Inc.ADP580,504 shares · 1.4% of their software · price −$21.1M$149M+$52.3M
- ServiceNowNOW804,984 shares · 1.2% of their software · price −$617M$123M+$664M
- OpenTextOTEX2,804,072 shares · 0.9% of their software · price −$13.5M$91.0M+$9.9M
- SynopsysSNPS181,280 shares · 0.8% of their software · price −$4.3M$85.1M−$2.4M
- CadenceCDNS266,745 shares · 0.8% of their software · price −$10.3M$83.4M−$3.5M
- AppLovinAPP117,505 shares · 0.8% of their software · price −$5.3M$79.2M−$11.9M
- WorkdayWDAY330,690 shares · 0.7% of their software · price −$8.6M$71.0M−$121M
- AutodeskADSK219,090 shares · 0.6% of their software · price −$4.7M$64.9M−$1.8M
- FortinetFTNT800,386 shares · 0.6% of their software · price −$3.7M$63.6M+$42.9M
- Roper Technologies, Inc.ROP140,662 shares · 0.6% of their software · price −$7.5M$62.6M+$4.0M
- Paychex, Inc.PAYX423,714 shares · 0.5% of their software · price −$6.2M$47.5M−$12.4M
- DatadogDDOG279,558 shares · 0.4% of their software · price −$1.8M$38.0M+$20.7M
- BroadridgeBR168,420 shares · 0.4% of their software · price −$2.5M$37.6M+$21.3M
- VeriskVRSK162,546 shares · 0.3% of their software · price −$4.5M$36.4M+$3.9M
- Block, Inc.XYZ472,866 shares · 0.3% of their software · price −$3.4M$30.8M−$5.2M
- DescartesDSGX347,073 shares · 0.3% of their software · price −$2.3M$30.4M+$12.0M
- TrimbleTRMB377,641 shares · 0.3% of their software · price −$1.2M$29.6M+$23.9M
- CoStarCSGP353,615 shares · 0.2% of their software · price −$6.1M$23.8M+$12.7M
- BoxBOX600,000 shares · 0.2% of their software · price −$1.4M$17.9MFlat
- NetApp, Inc.NTAP164,728 shares · 0.2% of their software · price −$1.9M$17.6M+$2.5M
- Fair IsaacFICO9,547 shares · 0.2% of their software · price +$1.9M$16.1M+$1.8M
- The Trade DeskTTD364,294 shares · 0.1% of their software · price −$4.0M$13.8M−$6.8M
- AtlassianTEAM84,626 shares · 0.1% of their software$13.7M+$3.1M
- PTCPTC77,937 shares · 0.1% of their software · price −$2.2M$13.6M+$4.0M
- VeriSign, Inc.VRSN55,601 shares · 0.1% of their software · price −$2.0M$13.5M+$1.9M
- GoDaddyGDDY107,738 shares · 0.1% of their software · price −$1.4M$13.4M+$3.0M
- C3.aiAI884,536 shares · 0.1% of their software · price −$3.4M$11.9M+$13.7M
- Gen DigitalGEN417,597 shares · 0.1% of their software · price −$501K$11.4M+$6.4M
- ProcorePCOR150,920 shares · 0.1% of their software$11.0MFlat
- ZscalerZS46,601 shares · 0.1% of their software · price −$3.5M$10.5M+$3.3M
- Corpay, Inc.CPAY33,294 shares · 0.1% of their software$10.0M+$2.6M
- Tyler TechnologiesTYL21,837 shares · 0.1% of their software · price −$1.5M$9.9M+$649K
- AkamaiAKAM91,328 shares · 0.1% of their software · price +$1.0M$8.0M+$1.2M
- SAPSAP31,846 shares · 0.1% of their software · price −$774K$7.7MFlat
- FactSetFDS26,303 shares · 0.1% of their software$7.6M+$2.6M
- F5, Inc.FFIV29,676 shares · 0.1% of their software · price −$2.0M$7.6M+$7.1M
- Manhattan AssociatesMANH26,168 shares · 0.0% of their software · price −$829K$4.5MNew · +$5.4M
- Gorilla Technology Group Inc.GRRR393,300 shares · 0.0% of their software · price −$3.0M$4.3M+$7.2M
- PaycomPAYC22,784 shares · 0.0% of their software · price −$1.1M$3.6M−$2.7M
- SnowflakeSNOW16,469 shares · 0.0% of their software$3.6M+$706K
- MongoDBMDB8,321 shares · 0.0% of their software · price +$910K$3.5M+$2.3M
- BlackBerry LimitedBB817,786 shares · 0.0% of their software · price −$891K$3.1M+$2.6M
- LightspeedLSPD241,703 shares · 0.0% of their software$2.9M−$7.2M
- DocuSignDOCU39,015 shares · 0.0% of their software$2.7M+$2.6M
- CloudflareNET13,040 shares · 0.0% of their software$2.6M−$28.1M
- CoreWeave, Inc.CRWV22,068 shares · 0.0% of their software · price −$1.4M$1.6M+$949K
- monday.comMNDY10,358 shares · 0.0% of their software$1.5MFlat
- GuidewireGWRE7,325 shares · 0.0% of their software$1.5M+$1.5M
- Fiserv, Inc.FISV19,721 shares · 0.0% of their software · price −$1.2M$1.3M−$304M
- VeevaVEEV3,814 shares · 0.0% of their software$851K+$798K
- Yalla Group LimitedYALA100,000 shares · 0.0% of their software$694KFlat
- Arqit Quantum Inc.ARQQ30,334 shares · 0.0% of their software · price −$512K$664K+$1.1M
- ZoomZM7,306 shares · 0.0% of their software$630KFlat
- Sangoma Technologies CorporationSANG100,197 shares · 0.0% of their software$496KFlat
- DoceboDCBO20,116 shares · 0.0% of their software$438KFlat
- HubSpotHUBS1,068 shares · 0.0% of their software$428KFlat
- Check PointCHKP2,133 shares · 0.0% of their software$394KFlat
- ToastTOST9,970 shares · 0.0% of their software$354KFlat
- SS&CSSNC4,010 shares · 0.0% of their software$350KFlat
- UnityU7,248 shares · 0.0% of their software$320KFlat
- TwilioTWLO2,192 shares · 0.0% of their software$311KFlat
- OktaOKTA2,628 shares · 0.0% of their software$227KFlat
- NutanixNTNX3,840 shares · 0.0% of their software$198KFlat
- ServiceTitanTTAN1,859 shares · 0.0% of their software$198KNew · Flat
- DynatraceDT4,467 shares · 0.0% of their software$193KFlat
- AsanaASAN12,790 shares · 0.0% of their software$175KFlat
- Upbound Group, Inc.UPBD7,050 shares · 0.0% of their software$124KNew · Flat
- UiPathPATH7,381 shares · 0.0% of their software$121KFlat
- SamsaraIOT3,172 shares · 0.0% of their software$112KFlat
- Bentley SystemsBSY2,146 shares · 0.0% of their software$82KFlat
- BTQ Technologies Corp.BTQ13,490 shares · 0.0% of their software$66KFlat
- Lyft, Inc.LYFT3,280 shares · 0.0% of their software$64KFlat
- Figma, Inc.FIG1,607 shares · 0.0% of their software$60KFlat
- Allot Ltd.ALLT5,734 shares · 0.0% of their software$56KNew · Flat
- StoneCo Ltd.STNE3,464 shares · 0.0% of their software$51KFlat
- SoundHound AI, Inc.SOUN4,521 shares · 0.0% of their software$45KFlat
- Rezolve AI PLCRZLV14,500 shares · 0.0% of their software$37K−$1.5M
- NICENICE319 shares · 0.0% of their software$36KNew · Flat
- Palladyne AI Corp.PDYN7,325 shares · 0.0% of their software$31KFlat
- Joint Stock Company Kaspi.kzKSPI379 shares · 0.0% of their software$30KFlat
- WEX Inc.WEX137 shares · 0.0% of their software$20KNew · Flat
- Dave Inc.DAVE76 shares · 0.0% of their software$17KFlat
- AI Financial CorporationAIFC14,950 shares · 0.0% of their software$16KFlat
- Zeta GlobalZETA699 shares · 0.0% of their software$14KFlat
- Tucows Inc.TCX503 shares · 0.0% of their software$14KFlat
- FastlyFSLY1,280 shares · 0.0% of their software$13KFlat
- Euronet Worldwide, Inc.EEFT134 shares · 0.0% of their software$10KFlat
- Alight, Inc.ALIT5,223 shares · 0.0% of their software$10KNew · Flat
- WeRide Inc.WRD922 shares · 0.0% of their software$8KFlat
- PowerFleet, Inc.AIOT1,276 shares · 0.0% of their software$7KFlat
- SemrushSEMR500 shares · 0.0% of their software$6K—
- Sportradar Group AGSRAD237 shares · 0.0% of their software$6KFlat
- Blend Labs, Inc.BLND1,550 shares · 0.0% of their software$5KNew · Flat
- DuolingoDUOL25 shares · 0.0% of their software$4K−$1.3M
- DigitalOceanDOCN88 shares · 0.0% of their software$4KFlat
- YextYEXT493 shares · 0.0% of their software$4KFlat
- Creative Realities, Inc.CREX1,363 shares · 0.0% of their software$3KFlat
- Sabre CorporationSABR2,359 shares · 0.0% of their software$3KFlat
- PubMaticPUBM325 shares · 0.0% of their software$3KFlat
- Cerence Inc.CRNC251 shares · 0.0% of their software$3KNew · Flat
- GitLabGTLB67 shares · 0.0% of their software$3KNew · Flat
- Kingsoft Cloud Holdings LimitedKC225 shares · 0.0% of their software$2KFlat
- DLocal LimitedDLO140 shares · 0.0% of their software$2KNew · Flat
- SchrödingerSDGR100 shares · 0.0% of their software$2KFlat
- AudioEye, Inc.AEYE87 shares · 0.0% of their software$867Flat
- AmplitudeAMPL70 shares · 0.0% of their software$809Flat
- Materialise NVMTLS130 shares · 0.0% of their software$722Flat
- AEye, Inc.LIDR300 shares · 0.0% of their software$549New · Flat
- FlywireFLYW30 shares · 0.0% of their software$425Flat
- PAR Technology CorporationPAR11 shares · 0.0% of their software$399Flat
- Exodus Movement, Inc.EXOD22 shares · 0.0% of their software$325Flat
- A2Z Cust2Mate Solutions Corp.AZ48 shares · 0.0% of their software$312Flat
- Duos Technologies Group, Inc.DUOT25 shares · 0.0% of their software$280New · Flat
- Aeva Technologies, Inc.AEVA15 shares · 0.0% of their software$199Flat
- Riskified Ltd.RSKD14 shares · 0.0% of their software$70Flat
- NextNav Inc.NN2 shares · 0.0% of their software$33New · Flat
- Simulations PlusSLP1 shares · 0.0% of their software$18Flat
- AvePointAVPT1 shares · 0.0% of their software$14New · Flat