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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
AIEQ icon
2651
Amplify AI Powered Equity ETF
AIEQ
$125M
$1.4K ﹤0.01%
33
– –
GLIN icon
2652
VanEck India Growth Leaders ETF
GLIN
$93.5M
$1.39K ﹤0.01%
29
– –
CEP
2653
DELISTED
Cantor Equity Partners
CEP
$1.39K ﹤0.01%
+50
New +$1.53K
TEN
2654
Tsakos Energy Navigation Ltd
TEN
$1.23B
$1.38K ﹤0.01%
+72
New +$1.26K
DK icon
2655
Delek US
DK
$4.17B
$1.38K ﹤0.01%
65
-29
-31% -$487
WWW icon
2656
Wolverine World Wide
WWW
$1.63B
$1.37K ﹤0.01%
76
+54
+245% +$822
CHPT icon
2657
ChargePoint
CHPT
$164M
$1.37K ﹤0.01%
97
-12,403
-99% -$166K
SLM icon
2658
SLM Corp
SLM
$5.2B
$1.33K ﹤0.01%
41
-311
-88% -$9.51K
HTOO icon
2659
Fusion Fuel Green
HTOO
$16.9M
$1.3K ﹤0.01%
186
– –
RVLV icon
2660
Revolve Group
RVLV
$1.71B
$1.3K ﹤0.01%
65
+59
+983% +$1.2K
TGS icon
2661
Transportadora de Gas del Sur
TGS
$4.22B
$1.29K ﹤0.01%
50
– –
EC icon
2662
Ecopetrol
EC
$35.3B
$1.28K ﹤0.01%
145
-19,224
-99% -$170K
NWL icon
2663
Newell Brands
NWL
$2.62B
$1.26K ﹤0.01%
234
+229
+4,580% +$1.21K
MBIN icon
2664
Merchants Bancorp
MBIN
$2.53B
$1.25K ﹤0.01%
+38
New +$1.23K
PSMT icon
2665
Pricesmart
PSMT
$5.53B
$1.25K ﹤0.01%
12
-23
-66% -$2.32K
HP icon
2666
Helmerich & Payne
HP
$4.28B
$1.24K ﹤0.01%
+82
New +$1.5K
DIN icon
2667
Dine Brands
DIN
$445M
$1.24K ﹤0.01%
51
– –
SKK
2668
SKK Holdings
SKK
$11.2M
$1.24K ﹤0.01%
200
– –
TRMD icon
2669
TORM
TRMD
$3.01B
$1.22K ﹤0.01%
+72
New +$1.2K
BBBY
2670
Bed Bath & Beyond
BBBY
$427M
$1.21K ﹤0.01%
194
– –
RFL icon
2671
Rafael Holdings
RFL
$108M
$1.21K ﹤0.01%
+705
New +$1.15K
GLOF icon
2672
iShares Global Equity Factor ETF
GLOF
$225M
$1.2K ﹤0.01%
+25
New +$1.12K
ATNM icon
2673
Actinium Pharmaceuticals
ATNM
$29.3M
$1.2K ﹤0.01%
855
– –
AN icon
2674
AutoNation
AN
$6.88B
$1.19K ﹤0.01%
6
+2
+50% +$361
FIP icon
2675
FTAI Infrastructure
FIP
$546M
$1.18K ﹤0.01%
+192
New +$972
105 106
107
108 109

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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.