ROYAL BANK OF CANADA Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$614.7B

Holdings

6,949

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (6,949 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	NVDANVIDIA CORPORATION	109,795,556	$20.5B	3.33%	Put
2	AAPLAPPLE INC	71,864,169	$19.5B	3.18%	Put
3	IVVISHARES TR	28,438,860	$19.5B	3.17%	Put
4	MSFTMICROSOFT CORP	38,956,436	$18.8B	3.06%	Put
5	SPYSPDR S&P 500 ETF TR	25,597,704	$17.4B	2.84%	Put
6	VOOVANGUARD INDEX FDS	21,356,933	$13.4B	2.18%
7	RYROYAL BK CDA	73,130,710	$12.5B	2.03%	Put
8	GOOGLALPHABET INC	38,756,232	$12.1B	1.97%	Put
9	AMZNAMAZON COM INC	52,087,746	$12.0B	1.95%	Put
10	TDTORONTO DOMINION BK ONT	126,070,694	$11.9B	1.93%	Put
11	AVGOBROADCOM INC	24,345,001	$8.4B	1.37%	Put
12	GOOGALPHABET INC	26,704,740	$8.4B	1.36%	Put
13	JPMJPMORGAN CHASE & CO.	24,813,988	$8.0B	1.30%	Put
14	BNSBANK NOVA SCOTIA HALIFAX	108,042,643	$8.0B	1.29%	Put
15	BMOBANK MONTREAL QUE	56,341,671	$7.3B	1.19%	Put
16	NDQINVESCO QQQ TR	11,625,431	$7.1B	1.16%	Put
17	METAMETA PLATFORMS INC	10,814,735	$7.1B	1.16%	Put
18	CMCANADIAN IMPERIAL BANK OF CO COM	77,509,217	$7.0B	1.14%	Put
19	IWMISHARES TR	26,593,965	$6.5B	1.06%	Put
20	ENBENBRIDGE INC	119,498,917	$5.7B	0.93%	Put
21	TRPTC ENERGY CORP	99,054,011	$5.4B	0.89%	Put
22	BRK/BBERKSHIRE HATHAWAY INC DEL	10,470,945	$5.3B	0.85%	Put
23	BNBROOKFIELD CORP	113,652,306	$5.2B	0.85%
24	MFCMANULIFE FINL CORP	141,366,409	$5.1B	0.83%	Put
25	LLYELI LILLY & CO	4,655,133	$5.0B	0.81%	Put
26	VVISA INC	12,580,867	$4.4B	0.72%
27	CRCCANADIAN NAT RES LTD	127,447,700	$4.3B	0.70%	Put
28	TSLATESLA INC	9,513,814	$4.3B	0.69%	Put
29	CPCANADIAN PACIFIC KANSAS CITY COM	53,007,068	$3.9B	0.63%	Call
30	COSTCOSTCO WHSL CORP NEW	3,953,985	$3.4B	0.55%	Call
31	SUSUNCOR ENERGY INC NEW	72,946,844	$3.2B	0.53%	Put
32	SHOPSHOPIFY INC	19,897,251	$3.2B	0.52%	Put
33	LIESUN LIFE FINANCIAL INC.	49,309,633	$3.1B	0.50%	Put
34	JNJJOHNSON & JOHNSON	14,807,561	$3.1B	0.50%	Call
35	WMTWALMART INC	26,418,553	$2.9B	0.48%	Call
36	MAMASTERCARD INCORPORATED	5,118,520	$2.9B	0.47%	Put
37	UNHUNITEDHEALTH GROUP INC	8,519,092	$2.8B	0.46%	Put
38	HDHOME DEPOT INC	7,932,972	$2.7B	0.44%	Put
39	VEAVANGUARD TAX-MANAGED FDS	42,271,448	$2.6B	0.43%
40	CNRCANADIAN NATL RY CO	26,159,770	$2.6B	0.42%	Put
41	AEMAGNICO EAGLE MINES LTD	15,048,894	$2.5B	0.41%	Put
42	BACBANK AMERICA CORP	46,239,890	$2.5B	0.41%	Put
43	MCDMCDONALDS CORP	7,700,384	$2.3B	0.38%	Put
44	TMOTHERMO FISHER SCIENTIFIC INC COM	4,043,746	$2.3B	0.38%	Call
45	XOMEXXON MOBIL CORP	19,419,740	$2.3B	0.38%	Put
46	CSCOCISCO SYS INC	28,779,102	$2.2B	0.36%	Put
47	WCNWASTE CONNECTIONS INC	12,103,898	$2.1B	0.34%	Call
48	NFLXNETFLIX INC	22,418,805	$2.1B	0.34%	Put
49	CVXCHEVRON CORP NEW	13,704,324	$2.1B	0.34%	Put
50	TTELUS CORPORATION	154,696,189	$2.0B	0.33%	Put
51	PGPROCTER AND GAMBLE CO	13,991,279	$2.0B	0.32%	Put
52	TSMTAIWAN SEMICONDUCTOR MFG LTD SPONSORED	6,544,094	$2.0B	0.32%	Put
53	NTRNUTRIEN LTD	32,154,227	$2.0B	0.32%	Put
54	FTSFORTIS INC	36,684,008	$1.9B	0.31%	Put
55	KOCOCA COLA CO	27,176,856	$1.9B	0.31%	Put
56	ABBVABBVIE INC	8,191,169	$1.9B	0.30%	Call
57	BCEBCE INC	76,963,240	$1.8B	0.30%	Put
58	DWDMORGAN STANLEY	10,162,973	$1.8B	0.29%	Put
59	PPLPEMBINA PIPELINE CORP	45,619,869	$1.7B	0.28%	Put
60	BIPBROOKFIELD INFRAST PARTNERS	49,753,406	$1.7B	0.28%	Put
61	GSGOLDMAN SACHS GROUP INC	1,952,256	$1.7B	0.28%	Put
62	TJXTJX COS INC NEW	10,873,209	$1.7B	0.27%	Call
63	IJHISHARES TR	25,229,492	$1.7B	0.27%
64	TXNTEXAS INSTRS INC	9,607,588	$1.7B	0.27%	Call
65	NEENEXTERA ENERGY INC	20,293,494	$1.6B	0.26%	Call
66	ORCLORACLE CORP	8,349,873	$1.6B	0.26%	Put
67	BBARRICK MNG CORP	35,716,679	$1.6B	0.25%	Call
68	AMGNAMGEN INC	4,706,930	$1.5B	0.25%	Put
69	CATCATERPILLAR INC	2,689,046	$1.5B	0.25%	Put
70	ICEINTERCONTINENTAL EXCHANGE IN COM	9,357,199	$1.5B	0.25%	Call
71	APHAMPHENOL CORP NEW	10,987,754	$1.5B	0.24%	Call
72	INTUINTUIT	2,228,313	$1.5B	0.24%	Put
73	HDBHDFC BANK LTD	39,897,767	$1.5B	0.24%
74	PANWPALO ALTO NETWORKS INC	7,711,336	$1.4B	0.23%	Put
75	IBMINTERNATIONAL BUSINESS MACHS COM	4,730,181	$1.4B	0.23%	Put
76	RCI/BROGERS COMMUNICATIONS INC	36,974,436	$1.4B	0.23%	Put
77	AMDADVANCED MICRO DEVICES INC	6,508,908	$1.4B	0.23%	Put
78	MRKMERCK & CO INC	13,190,085	$1.4B	0.22%
79	BABOEING CO	6,357,126	$1.4B	0.22%	Put
80	GEGE AEROSPACE	4,413,719	$1.4B	0.22%	Call
81	PLTRPALANTIR TECHNOLOGIES INC	7,620,430	$1.3B	0.22%	Put
82	HONHONEYWELL INTL INC	6,932,587	$1.3B	0.22%
83	MDTMEDTRONIC PLC	14,030,830	$1.3B	0.22%	Put
84	RHCRH PLC	10,808,439	$1.3B	0.22%
85	EFAISHARES TR	14,020,648	$1.3B	0.22%	Put
86	WFCWELLS FARGO CO NEW	14,423,275	$1.3B	0.22%	Put
87	BLKBLACKROCK INC	1,232,745	$1.3B	0.21%	Call
88	BXBLACKSTONE INC	8,428,406	$1.3B	0.21%	Put
89	TRITHOMSON REUTERS CORP	9,814,789	$1.3B	0.21%	Put
90	QSRRESTAURANT BRANDS INTL INC	18,544,727	$1.3B	0.21%
91	RTXRTX CORPORATION	6,902,173	$1.3B	0.20%	Put
92	ISRGINTUITIVE SURGICAL INC	2,139,849	$1.2B	0.20%
93	MCKMCKESSON CORP	1,449,626	$1.2B	0.19%	Call
94	TRVCCITIGROUP INC	10,146,605	$1.2B	0.19%	Put
95	PLDPROLOGIS INC.	9,252,222	$1.2B	0.19%	Call
96	AZOAUTOZONE INC	348,010	$1.2B	0.19%
97	GDGENERAL DYNAMICS CORP	3,481,960	$1.2B	0.19%	Call
98	PEPPEPSICO INC	8,136,444	$1.2B	0.19%	Call
99	UBERUBER TECHNOLOGIES INC	14,239,761	$1.2B	0.19%	Put
100	XLFSELECT SECTOR SPDR TR	20,948,779	$1.1B	0.19%	Put

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