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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
BYRN icon
2626
Byrna Technologies
BYRN
$96.2M
$1.9K ﹤0.01%
62
-158
-72% -$3.86K
IRD
2627
Opus Genetics
IRD
$319M
$1.88K ﹤0.01%
2,014
– –
VGZ icon
2628
Vista Gold
VGZ
$326M
$1.84K ﹤0.01%
1,906
-30
-2% -$29
NORW icon
2629
Global X MSCI Norway ETF
NORW
$88.1M
$1.83K ﹤0.01%
63
– –
IQ icon
2630
iQIYI
IQ
$1.3B
$1.82K ﹤0.01%
1,030
-5,221
-84% -$9.38K
DQ
2631
Daqo New Energy
DQ
$1B
$1.82K ﹤0.01%
120
+105
+700% +$1.49K
UP icon
2632
Wheels Up
UP
$187M
$1.82K ﹤0.01%
85
– –
ELME
2633
Elme Communities
ELME
$145M
$1.78K ﹤0.01%
112
-17
-13% -$270
HYFT
2634
MindWalk Holdings
HYFT
$66.3M
$1.77K ﹤0.01%
1,671
– –
MTEX icon
2635
Mannatech
MTEX
$13.4M
$1.76K ﹤0.01%
198
– –
ISRL
2636
DELISTED
Israel Acquisitions Corp
ISRL
$1.73K ﹤0.01%
+139
New +$1.72K
SRPT icon
2637
Sarepta Therapeutics
SRPT
$1.94B
$1.67K ﹤0.01%
98
-312
-76% -$13.3K
HDGE icon
2638
AdvisorShares Ranger Equity Bear ETF
HDGE
$52.8M
$1.67K ﹤0.01%
+100
New +$1.81K
MTRN icon
2639
Materion
MTRN
$5.97B
$1.67K ﹤0.01%
+21
New +$1.66K
FLD
2640
Fold Holdings
FLD
$25.4M
$1.65K ﹤0.01%
+380
New +$1.63K
DYNF icon
2641
BlackRock US Equity Factor Rotation ETF
DYNF
$40.4B
$1.63K ﹤0.01%
30
– –
EVH icon
2642
Evolent Health
EVH
$485M
$1.63K ﹤0.01%
145
+4
+3% +$37
GTX icon
2643
Garrett Motion
GTX
$5.41B
$1.63K ﹤0.01%
155
-2
-1% -$20
KNDI
2644
Kandi Technologies Group
KNDI
$62.2M
$1.61K ﹤0.01%
1,450
– –
PKX icon
2645
POSCO
PKX
$17.2B
$1.59K ﹤0.01%
+33
New +$1.52K
NB
2646
NioCorp Developments
NB
$754M
$1.55K ﹤0.01%
667
– –
GEVO icon
2647
Gevo
GEVO
$396M
$1.52K ﹤0.01%
+1,150
New +$1.35K
RDY icon
2648
Dr. Reddy's Laboratories
RDY
$10.3B
$1.5K ﹤0.01%
100
-70,900
-100% -$1.01M
BCTX
2649
Briacell Therapeutics
BCTX
$29.8M
$1.43K ﹤0.01%
65
-29
-31% -$1.06K
IVR icon
2650
Invesco Mortgage Capital
IVR
$811M
$1.41K ﹤0.01%
180
+35
+24% +$258
104 105
106
107 108

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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.