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Asset Manager ← All Institutions

ROYAL BANK OF CANADA

Q4 2025 · Filed 2026-02-17
Market Value
$559.1B
+1.4%
Holdings
6,468
+61
New Purchases
343
Added To
2,434
Closed
322
Reduced
3,185
Top 10 Concentration
25.9%
Turnover
10.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VOO 2.40% 0.40% +2.00% $13.4B
IVV 3.48% 2.50% +0.98% $19.5B
GOOGL 2.12% 1.38% +0.74% $11.9B
AAPL 3.42% 2.90% +0.51% $19.1B
GOOG 1.42% 0.96% +0.47% $7.9B
LLY 0.84% 0.56% +0.28% $4.7B
RY 2.19% 1.95% +0.24% $12.2B
NVDA 3.42% 3.21% +0.21% $19.1B
TMO 0.42% 0.24% +0.18% $2.3B
AVGO 1.50% 1.33% +0.18% $8.4B
META 1.24% 1.11% +0.13% $6.9B
PLD 0.21% 0.12% +0.09% $1.2B
WMT 0.52% 0.43% +0.08% $2.9B
HDB 0.26% 0.19% +0.07% $1.5B
MU 0.15% 0.08% +0.07% $862M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BMO 1.16% 1.55% -0.38% $6.5B
TRP 0.93% 1.26% -0.34% $5.2B
MSFT 3.24% 3.56% -0.32% $18.1B
AMZN 2.05% 2.33% -0.28% $11.4B
ENB 0.95% 1.22% -0.27% $5.3B
TU 0.29% 0.55% -0.26% $1.6B
HD 0.47% 0.73% -0.25% $2.6B
SPY 1.09% 1.28% -0.19% $6.1B
PBA 0.29% 0.41% -0.12% $1.6B
PANW 0.25% 0.37% -0.12% $1.4B
QQQ 0.50% 0.61% -0.11% $2.8B
NFLX 0.36% 0.47% -0.11% $2.0B
ORCL 0.29% 0.39% -0.10% $1.6B
CNQ 0.68% 0.78% -0.09% $3.8B
BNS 1.08% 1.17% -0.09% $6.0B

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 82 $257.3B 46.0%
Large Cap 1,083 $269.1B 48.1%
Mid Cap 1,470 $24.7B 4.4%
Small Cap 2,183 $7.0B 1.3%
Micro Cap 1,650 $1.0B 0.2%

Portfolio Analytics

Avg Market Cap
$18.2B
Median Market Cap
$1.2B
Avg P/E
30.9
Median P/E
18.2
Avg Dividend Yield
0.03%
Avg Beta
0.97
# Stocks
4,002
# ETFs / Funds
2,467

Top Holdings (6,468 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IVV 3.48% 28,438,260 $19.5B $684.94 $5.7B +7,809,068 +37.9%
2 NVDA 3.42% 102,417,256 $19.1B $186.50 $1.4B +7,646,433 +8.1%
3 AAPL 3.42% 70,248,069 $19.1B $271.86 $3.1B +7,432,972 +11.8%
4 MSFT 3.24% 37,457,336 $18.1B $483.62 -$1.5B -444,056 -1.2%
5 VOO 2.40% 21,356,933 $13.4B $627.13 $11.2B +17,774,521 +496.2%
6 RY 2.19% 71,787,710 $12.2B $170.49 $1.5B -1,138,595 -1.6%
7 GOOGL 2.12% 37,859,732 $11.9B $313.00 $4.2B +6,568,390 +21.0%
8 AMZN 2.05% 49,589,446 $11.4B $230.82 -$1.4B -8,859,028 -15.2%
9 TD 2.04% 121,337,794 $11.4B $94.20 -$41M -22,133,622 -15.4%
10 AVGO 1.50% 24,304,901 $8.4B $346.10 $1.1B +2,103,149 +9.5%
11 GOOG 1.42% 25,318,840 $7.9B $313.80 $2.7B +3,692,541 +17.1%
12 JPM 1.39% 24,075,388 $7.8B $322.22 $201M +118,662 +0.5%
13 META 1.24% 10,509,835 $6.9B $660.09 $834M +2,199,354 +26.5%
14 BMO 1.16% 50,087,971 $6.5B $129.79 -$2.0B -15,377,542 -23.5%
15 SPY 1.09% 8,912,804 $6.1B $681.92 -$967M -1,661,723 -15.7%
16 BNS 1.08% 81,860,943 $6.0B $73.69 -$413M -17,835,662 -17.9%
17 CM 1.07% 66,169,117 $6.0B $90.61 -$394M -13,812,261 -17.3%
18 ENB 0.95% 111,139,417 $5.3B $47.83 -$1.4B -22,527,948 -16.9%
19 BN 0.93% 113,652,306 $5.2B $45.89 -$332M +32,760,558 +40.5%
20 TRP 0.93% 94,324,411 $5.2B $55.01 -$1.8B -33,685,862 -26.3%
21 MFC 0.86% 132,751,909 $4.8B $36.28 -$139M -26,310,661 -16.5%
22 BRK-B 0.86% 9,568,845 $4.8B $502.65 $73M +146,356 +1.6%
23 LLY 0.84% 4,369,733 $4.7B $1,074.68 $1.6B +314,409 +7.8%
24 V 0.79% 12,580,867 $4.4B $350.71 $135M +50,466 +0.4%
25 CNQ 0.68% 112,782,200 $3.8B $33.85 -$455M -20,900,322 -15.6%
26 COST 0.61% 3,952,885 $3.4B $862.34 -$189M +65,918 +1.7%
27 TSLA 0.61% 7,524,614 $3.4B $449.72 $328M +651,964 +9.5%
28 SHOP 0.57% 19,735,551 $3.2B $160.97 -$154M -2,680,719 -12.0%
29 JNJ 0.53% 14,287,561 $3.0B $206.95 $325M +92,635 +0.7%
30 MA 0.52% 5,066,320 $2.9B $570.88 -$18M -49,458 -1.0%
31 WMT 0.52% 25,864,853 $2.9B $111.41 $485M +2,608,746 +11.2%
32 SLF 0.51% 45,298,133 $2.8B $62.40 -$198M -5,082,424 -10.1%
33 SU 0.50% 63,101,344 $2.8B $44.36 $5M -3,734,044 -5.6%
34 QQQ 0.50% 4,511,131 $2.8B $614.31 -$583M -1,075,023 -19.2%
35 UNH 0.48% 8,069,092 $2.7B $330.11 -$164M -120,240 -1.5%
36 HD 0.47% 7,679,772 $2.6B $344.10 -$1.4B -2,187,959 -22.2%
37 VEA 0.47% 42,271,448 $2.6B $62.47 $153M +754,450 +1.8%
38 CNI 0.46% 26,114,070 $2.6B $98.85 $51M -718,329 -2.7%
39 AEM 0.44% 14,659,194 $2.5B $169.53 -$209M -1,325,363 -8.3%
40 BAC 0.42% 42,904,890 $2.4B $55.00 $267M +2,332,981 +5.8%
41 TMO 0.42% 4,036,246 $2.3B $579.45 $1.0B +1,313,517 +48.2%
42 XOM 0.41% 19,200,040 $2.3B $120.34 $220M +655,394 +3.5%
43 MCD 0.40% 7,284,384 $2.2B $305.63 $104M +301,590 +4.3%
44 WCN 0.38% 12,043,398 $2.1B $175.36 $216M +1,258,206 +11.7%
45 NFLX 0.36% 21,588,905 $2.0B $93.76 -$562M +19,431,974 +900.9%
46 CSCO 0.36% 26,102,702 $2.0B $77.03 $322M +1,426,953 +5.8%
47 PG 0.36% 13,990,679 $2.0B $143.31 -$259M -742,637 -5.0%
48 TSM 0.35% 6,523,794 $2.0B $303.89 $281M +432,154 +7.1%
49 IWM 0.35% 7,937,465 $2.0B $246.16 $115M +339,199 +4.5%
50 NTR 0.34% 30,992,227 $1.9B $61.72 -$128M -3,761,503 -10.8%
51 CVX 0.34% 12,504,624 $1.9B $152.41 $164M +1,287,517 +11.5%
52 KO 0.34% 26,945,656 $1.9B $69.91 $246M +2,256,896 +9.1%
53 FTS 0.33% 35,184,006 $1.8B $51.94 -$74M -2,281,417 -6.1%
54 ABBV 0.32% 7,889,869 $1.8B $228.49 -$133M -472,227 -5.7%
55 IJH 0.30% 25,229,492 $1.7B $66.00 $115M +1,482,873 +6.2%
56 TXN 0.29% 9,404,088 $1.6B $173.49 $20M +630,762 +7.2%
57 ORCL 0.29% 8,321,773 $1.6B $194.91 -$521M +700,671 +9.2%
58 TJX 0.29% 10,553,209 $1.6B $153.61 $52M -302,660 -2.8%
59 TU 0.29% 123,056,089 $1.6B $13.17 -$1.4B -69,522,260 -36.1%
60 NEE 0.29% 20,127,794 $1.6B $80.28 $41M -739,332 -3.5%
61 PBA 0.29% 42,260,769 $1.6B $38.06 -$648M -13,505,473 -24.2%
62 MS 0.29% 9,034,773 $1.6B $177.53 $364M +1,235,992 +15.8%
63 B 0.28% 35,666,679 $1.6B $43.55 $367M -520,550 -1.4%
64 BIP 0.28% 44,647,806 $1.6B $34.74 $136M +1,620,304 +3.8%
65 AMGN 0.28% 4,704,930 $1.5B $327.31 $261M +174,362 +3.9%
66 ICE 0.27% 9,322,199 $1.5B $161.96 -$1M +353,173 +3.9%
67 GS 0.26% 1,680,756 $1.5B $879.00 $349M +264,361 +18.7%
68 HDB 0.26% 39,897,767 $1.5B $36.54 $418M +9,451,992 +31.1%
69 CAT 0.26% 2,512,046 $1.4B $572.87 $248M +15,111 +0.6%
70 APH 0.26% 10,637,754 $1.4B $135.14 $9M -905,046 -7.8%
71 PANW 0.25% 7,601,736 $1.4B $184.20 -$620M -2,318,487 -23.4%
72 INTU 0.25% 2,108,313 $1.4B $662.42 $57M +146,930 +7.5%
73 MRK 0.25% 13,190,085 $1.4B $105.26 $313M +381,742 +3.0%
74 HON 0.24% 6,932,587 $1.4B $195.09 -$147M -190,155 -2.7%
75 CRH.L 0.24% 10,808,439 $1.3B $124.80 $84M +262,175 +2.5%
76 BCE 0.24% 56,433,739 $1.3B $23.82 -$20M -1,879,604 -3.2%
77 MDT 0.24% 13,988,830 $1.3B $96.06 -$12M -248,366 -1.7%
78 BA 0.24% 6,186,426 $1.3B $217.12 $336M +1,518,082 +32.5%
79 GE 0.24% 4,288,719 $1.3B $308.03 $193M +538,376 +14.4%
80 BLK 0.24% 1,231,545 $1.3B $1,070.34 -$283M -142,237 -10.3%
81 AMD 0.23% 5,975,608 $1.3B $214.16 $295M -109,182 -1.8%
82 BX 0.23% 8,294,006 $1.3B $154.14 -$397M -1,509,721 -15.4%
83 QSR 0.23% 18,544,727 $1.3B $68.23 -$215M -4,526,875 -19.6%
84 IBM 0.22% 4,221,881 $1.3B $296.21 $104M +159,359 +3.9%
85 ISRG 0.22% 2,139,849 $1.2B $566.36 $157M -218,050 -9.2%
86 RTX 0.21% 6,490,473 $1.2B $183.40 $309M +1,221,936 +23.2%
87 MCK 0.21% 1,439,626 $1.2B $820.29 -$12M -104,137 -6.8%
88 AZO 0.21% 348,010 $1.2B $3,391.50 -$310M +619 +0.2%
89 PLTR 0.21% 6,569,530 $1.2B $177.75 $371M +2,199,474 +50.3%
90 PLD 0.21% 9,094,122 $1.2B $127.66 $523M +3,519,915 +63.1%
91 GD 0.20% 3,346,060 $1.1B $336.66 $19M +98,099 +3.0%
92 DIS 0.20% 9,887,900 $1.1B $113.77 $97M +911,326 +10.2%
93 VCIT 0.20% 13,404,757 $1.1B $83.75 -$3M +15,984 +0.1%
94 VTV 0.20% 5,780,993 $1.1B $190.99 $71M +238,613 +4.3%
95 PEP 0.20% 7,686,444 $1.1B $143.52 $114M +643,945 +9.1%
96 UBER 0.20% 13,470,761 $1.1B $81.71 -$166M +544,068 +4.2%
97 SYK 0.19% 3,073,369 $1.1B $351.47 -$155M -268,486 -8.0%
98 VUG 0.19% 2,187,648 $1.1B $487.86 $25M +13,815 +0.6%
99 PM 0.19% 6,622,716 $1.1B $160.40 -$69M -353,328 -5.1%
100 UNP 0.19% 4,577,015 $1.1B $231.32 $46M +291,965 +6.8%

Options Breakdown

305 Calls $18.0B Call Value 267 Puts $28.0B Put Value 1.56 P/C Ratio

Top Calls

SymbolSharesValueStatus
SPY 7,590,800 $5.2B
QQQ 3,670,900 $2.3B
IWM 4,508,400 $1.1B
NVDA 2,629,300 $490M
AAPL 1,362,200 $370M
CM 4,057,100 $368M
BNS 4,366,500 $322M
AMZN 1,265,200 $292M
TSLA 568,000 $255M
BCE 9,458,900 $225M

Top Puts

SymbolSharesValueStatus
SPY 9,094,100 $6.2B
IWM 14,148,100 $3.5B
QQQ 3,443,400 $2.1B
BNS 21,815,200 $1.6B
NVDA 4,749,000 $886M
BMO 5,720,000 $742M
XLE 15,167,200 $678M
CM 7,283,000 $660M
MSFT 1,329,100 $643M
TSLA 1,421,200 $639M

New Positions

SymbolValue% Port
TOTB.DE $382M 0.07%
Q $54M 0.01%
SOLS $32M 0.01%
MICC $31M 0.01%
AKRE $24M —%
HEDG $21M —%
CSRE $14M —%
IAUI $9M —%
BBP $7M —%
SUNC $7M —%
CAIE $4M —%
BCLO $4M —%
MISL $3M —%
EART $3M —%
GRNJ $3M —%

Sold Out Positions

SymbolValue% Port
EAF —%
MX —%
IHD —%
KEN —%
GGZ —%
BGSF —%
EVTL —%
LXP —%
SES —%
HPP —%
SST —%
APO-PA —%
UL —%
AHT —%
UFI —%
View SEC EDGAR Filings for ROYAL BANK OF CANADA →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms