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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
DFSC
2551
DEFSEC Technologies
DFSC
$6.16M
$3.62K ﹤0.01%
+292
New +$1.73K
TDUP icon
2552
ThredUp
TDUP
$416M
$3.6K ﹤0.01%
+481
New +$2.83K
XLG icon
2553
Invesco S&P 500 Top 50 ETF
XLG
$11B
$3.6K ﹤0.01%
69
-56
-45% -$2.66K
MORT icon
2554
VanEck Mortgage REIT Income ETF
MORT
$376M
$3.58K ﹤0.01%
339
– –
PMCB icon
2555
PharmaCyte Biotech
PMCB
$5.9M
$3.56K ﹤0.01%
3,300
– –
XRX icon
2556
Xerox
XRX
$412M
$3.46K ﹤0.01%
657
-1,818
-73% -$8.87K
DDD icon
2557
3D Systems Corp
DDD
$601M
$3.42K ﹤0.01%
2,236
+15
+0.7% +$27
VIXM icon
2558
ProShares VIX Mid-Term Futures ETF
VIXM
$94.4M
$3.35K ﹤0.01%
200
– –
HECO
2559
State Street Galaxy Hedged Digital Asset Ecosystem ETF
HECO
$80.8M
$3.35K ﹤0.01%
100
– –
GGME icon
2560
Invesco Next Gen Media and Gaming ETF
GGME
$46.9M
$3.3K ﹤0.01%
54
– –
TECL icon
2561
Direxion Daily Technology Bull 3x ETF
TECL
$6.47B
$3.27K ﹤0.01%
35
– –
FID icon
2562
First Trust Exchange-Traded Fund VI First Trust S&P International Dividend Aristocrats ETF
FID
$172M
$3.26K ﹤0.01%
170
– –
FULC icon
2563
Fulcrum Therapeutics
FULC
$283M
$3.25K ﹤0.01%
473
-1,487
-76% -$7.95K
IIF
2564
Morgan Stanley India Investment Fund
IIF
$219M
$3.25K ﹤0.01%
115
– –
VKTX icon
2565
Viking Therapeutics
VKTX
$3.84B
$3.23K ﹤0.01%
122
-319,423
-100% -$8.41M
XP icon
2566
XP
XP
$8.18B
$3.23K ﹤0.01%
160
-1
-0.6% -$17
PSR icon
2567
Invesco Active US Real Estate Fund
PSR
$59.9M
$3.21K ﹤0.01%
35
– –
HIGH icon
2568
Simplify Enhanced Income ETF
HIGH
$67.1M
$3.2K ﹤0.01%
133
– –
OTTR icon
2569
Otter Tail
OTTR
$3.9B
$3.16K ﹤0.01%
+41
New +$3.2K
LOOP icon
2570
Loop Industries
LOOP
$30.6M
$3.12K ﹤0.01%
2,230
-300
-12% -$363
AMC icon
2571
AMC Entertainment Holdings
AMC
$2.35B
$3.1K ﹤0.01%
1,005
-65
-6% -$193
INMD icon
2572
InMode
INMD
$875M
$3.09K ﹤0.01%
214
-9,487
-98% -$139K
DSX icon
2573
Diana Shipping
DSX
$307M
$3.05K ﹤0.01%
2,089
– –
GOVZ icon
2574
iShares 25+ Year Treasury STRIPS Bond ETF
GOVZ
$260M
$3.04K ﹤0.01%
79
– –
ACAD icon
2575
Acadia Pharmaceuticals
ACAD
$4.89B
$2.89K ﹤0.01%
134
+117
+688% +$2.17K
101 102
103
104 105

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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.