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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
TLRY icon
2501
Tilray
TLRY
$640M
$4.59K ﹤0.01%
1,000
-30,716
-97% -$139K
SLDP icon
2502
Solid Power
SLDP
$545M
$4.58K ﹤0.01%
2,101
– –
NVTS icon
2503
Navitas Semiconductor
NVTS
$3.57B
$4.55K ﹤0.01%
+696
New +$2.68K
EWO icon
2504
iShares MSCI Austria ETF
EWO
$187M
$4.55K ﹤0.01%
155
– –
AMRX icon
2505
Amneal Pharmaceuticals
AMRX
$6.02B
$4.53K ﹤0.01%
561
-219
-28% -$1.65K
SKYT
2506
DELISTED
SkyWater Technology
SKYT
$4.52K ﹤0.01%
460
+10
+2% +$81
SEMR
2507
DELISTED
Semrush
SEMR
$4.52K ﹤0.01%
500
– –
DXIV
2508
Dimensional International Vector Equity ETF
DXIV
$215M
$4.52K ﹤0.01%
+78
New +$4.25K
EXAS
2509
DELISTED
Exact Sciences
EXAS
$4.5K ﹤0.01%
85
-742
-90% -$37.7K
GLBE icon
2510
Global E Online
GLBE
$7.09B
$4.5K ﹤0.01%
134
+36
+37% +$1.22K
YEXT icon
2511
Yext
YEXT
$613M
$4.46K ﹤0.01%
525
– –
DEEP icon
2512
Acquirers Small and Micro Deep Value ETF
DEEP
$28.4M
$4.43K ﹤0.01%
135
– –
ORMP icon
2513
Oramed Pharmaceuticals
ORMP
$182M
$4.38K ﹤0.01%
2,000
– –
RA
2514
Brookfield Real Assets Income Fund
RA
$704M
$4.38K ﹤0.01%
328
– –
RWX icon
2515
State Street SPDR Dow Jones International Real Estate ETF
RWX
$267M
$4.36K ﹤0.01%
159
-660
-81% -$17.2K
COLD icon
2516
Americold
COLD
$4.32B
$4.35K ﹤0.01%
+262
New +$4.75K
MSOS icon
2517
AdvisorShares Pure US Cannabis ETF
MSOS
$934M
$4.33K ﹤0.01%
1,803
-3,012
-63% -$7.41K
SBLK icon
2518
Star Bulk Carriers
SBLK
$3.21B
$4.31K ﹤0.01%
250
– –
INDI icon
2519
PUT
indie Semiconductor
INDI
$875M
$4.27K ﹤0.01%
+12
New +$30
RARE icon
2520
Ultragenyx Pharmaceutical
RARE
$2.6B
$4.22K ﹤0.01%
+116
New +$4.18K
GPCR icon
2521
Structure Therapeutics
GPCR
$3.89B
$4.15K ﹤0.01%
200
-2,757
-93% -$60.6K
BKF icon
2522
iShares MSCI BIC ETF
BKF
$76.4M
$4.14K ﹤0.01%
100
– –
NEO icon
2523
NeoGenomics
NEO
$2.11B
$4.13K ﹤0.01%
565
+246
+77% +$1.99K
SLI
2524
Standard Lithium
SLI
$574M
$4.12K ﹤0.01%
2,137
-7,888
-79% -$12.4K
PUBM icon
2525
PubMatic
PUBM
$787M
$4.11K ﹤0.01%
331
-1
-0.3% -$11
99 100
101
102 103

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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.