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National Bank of Canada

National Bank of Canada Portfolio holdings

AUM $140B
1-Year Est. Return 46.34%
This Fund
S&P 500
This Quarter Est. Return
+14.61%
1 Year Est. Return
+46.34%
3 Year Est. Return
+120.97%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$105B
AUM Growth
+$9.72B
Cap. Flow
-$6.15B
Cap. Flow %
-5.84%
Top 10 Hldgs %
26.91%
Holding
3,275
New
443
Increased
1,132
Reduced
929
Closed
300

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$699M
2
UNH icon
UnitedHealth
UNH
+$618M
3
AMZN icon
Amazon
AMZN
+$433M
4
LLY icon
Eli Lilly
LLY
+$410M
5
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$392M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$845M
2
TSLA icon
Tesla
TSLA
+$639M
3
MSFT icon
Microsoft
MSFT
+$528M
4
AVGO icon
Broadcom
AVGO
+$322M
5
TSM icon
TSMC
TSM
+$322M

Sector Composition

Rank Sector Weight
1 Technology 23.82%
2 Financials 17.46%
3 Consumer Discretionary 8.35%
4 Communication Services 7.63%
5 Industrials 7.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TEF
2476
DELISTED
Telefonica
TEF
$5.43K ﹤0.01%
1,047
-2,616
-71% -$13.1K
CEE
2477
Central and Eastern Europe Fund
CEE
$140M
$5.41K ﹤0.01%
350
– –
CLLS
2478
Cellectis
CLLS
$320M
$5.4K ﹤0.01%
3,600
– –
MBC icon
2479
MasterBrand
MBC
$1.89B
$5.4K ﹤0.01%
494
+128
+35% +$1.42K
HUN icon
2480
Huntsman Corp
HUN
$1.81B
$5.27K ﹤0.01%
506
-3
-0.6% -$37
GCT icon
2481
GigaCloud Technology
GCT
$1.9B
$5.26K ﹤0.01%
266
+163
+158% +$2.61K
RXST icon
2482
RxSight
RXST
$292M
$5.24K ﹤0.01%
+404
New +$6.07K
KEP icon
2483
Korea Electric Power
KEP
$14.8B
$5.21K ﹤0.01%
+366
New +$3.63K
WPP icon
2484
WPP
WPP
$5.82B
$5.18K ﹤0.01%
148
– –
KEN icon
2485
Kenon Holdings
KEN
$3.53B
$5.1K ﹤0.01%
+123
New +$4.12K
IWB icon
2486
iShares Russell 1000 ETF
IWB
$50.5B
$5.09K ﹤0.01%
15
– –
KAI icon
2487
Kadant
KAI
$3.91B
$5.07K ﹤0.01%
16
+13
+433% +$4.07K
SUSB icon
2488
iShares ESG Aware 1-5 Year USD Corporate Bond ETF
SUSB
$1.3B
$5.03K ﹤0.01%
200
– –
TLK icon
2489
Telkom Indonesia
TLK
$14.5B
$4.98K ﹤0.01%
294
+109
+59% +$1.75K
BATRA icon
2490
Atlanta Braves Holdings Series A
BATRA
$3.64B
$4.97K ﹤0.01%
101
+100
+10,000% +$4.42K
SEE
2491
DELISTED
Sealed Air
SEE
$4.87K ﹤0.01%
+157
New +$4.67K
PGJ icon
2492
Invesco Golden Dragon China ETF
PGJ
$93.2M
$4.83K ﹤0.01%
+170
New +$4.71K
CWH icon
2493
Camping World
CWH
$675M
$4.82K ﹤0.01%
280
-200
-42% -$3.12K
HYLN icon
2494
Hyliion Holdings
HYLN
$734M
$4.73K ﹤0.01%
3,529
+2,003
+131% +$2.92K
ODP
2495
DELISTED
ODP
ODP
$4.71K ﹤0.01%
260
+72
+38% +$1.13K
PXF icon
2496
Invesco FTSE RAFI Developed Markets ex-US ETF
PXF
$2.98B
$4.7K ﹤0.01%
82
– –
JVAL icon
2497
JPMorgan US Value Factor ETF
JVAL
$876M
$4.68K ﹤0.01%
106
– –
BATT icon
2498
Amplify Lithium & Battery Technology ETF
BATT
$124M
$4.66K ﹤0.01%
500
– –
KWY
2499
Kingsway Corp
KWY
$283M
$4.64K ﹤0.01%
343
+131
+62% +$1.39K
RYAN icon
2500
Ryan Specialty Holdings
RYAN
$11B
$4.62K ﹤0.01%
+68
New +$4.69K
98 99
100
101 102

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National Bank of Canada's Q2 2025 Portfolio in Review

As of Q2 2025, National Bank of Canada held 3,275 positions worth $105B, up 10% from $95.5B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

National Bank of Canada withdrew a net $6.15B in Q2 2025, closing 300 positions and reducing 929 holdings. Its most notable exit was Discover Financial Services, an estimated $98.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 23% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, National Bank of Canada opened a new position in Emera Inc worth $183M.

  • National Bank of Canada's largest Q2 2025 buy was Emera Inc: 3,995,659 shares worth $183M.
  • National Bank of Canada added most to Apple in Q2 2025, an estimated $699M increase.
  • National Bank of Canada's biggest Q2 2025 reduction was NVIDIA, cutting an estimated $845M.
  • National Bank of Canada fully exited Discover Financial Services in Q2 2025, selling an estimated $98.5M.
  • National Bank of Canada's ten largest holdings make up 27% of its $105B portfolio in Q2 2025.
  • National Bank of Canada opened 443 new positions and closed 300 in Q2 2025.
  • National Bank of Canada's portfolio value rose 10% quarter-over-quarter to $105B.

Based on National Bank of Canada's 13F filing for Q2 2025, filed 13 Aug 2025.