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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
ICHR icon
2751
Ichor Holdings
ICHR
$2.68B
$607 ﹤0.01%
+31
New +$568
BLBD icon
2752
Blue Bird Corp
BLBD
$2.05B
$603 ﹤0.01%
14
-96
-87% -$3.66K
SVOL icon
2753
Simplify Volatility Premium ETF
SVOL
$539M
$603 ﹤0.01%
33
– –
INBS icon
2754
Intelligent Bio Solutions
INBS
$8M
$598 ﹤0.01%
+35
New +$503
ALK icon
2755
Alaska Air
ALK
$5.34B
$594 ﹤0.01%
12
– –
BMBL icon
2756
Bumble
BMBL
$342M
$586 ﹤0.01%
89
– –
NE icon
2757
Noble Corp
NE
$7.03B
$584 ﹤0.01%
+22
New +$528
AMRN
2758
Amarin Corp
AMRN
$298M
$566 ﹤0.01%
35
– –
TITN icon
2759
Titan Machinery
TITN
$424M
$554 ﹤0.01%
28
-458
-94% -$8.39K
FENC icon
2760
Fennec Pharmaceuticals
FENC
$429M
$531 ﹤0.01%
64
+61
+2,033% +$417
ALLO icon
2761
Allogene Therapeutics
ALLO
$718M
$527 ﹤0.01%
+467
New +$621
EWTX icon
2762
Edgewise Therapeutics
EWTX
$4.7B
$524 ﹤0.01%
+40
New +$577
COTY icon
2763
Coty
COTY
$2.42B
$509 ﹤0.01%
+110
New +$545
QRVO icon
2764
Qorvo
QRVO
$8.65B
$509 ﹤0.01%
6
– –
AZ icon
2765
A2Z Smart Technologies
AZ
$333M
$507 ﹤0.01%
48
– –
SPTL icon
2766
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.8B
$505 ﹤0.01%
19
-15
-44% -$394
NKTX icon
2767
Nkarta
NKTX
$170M
$493 ﹤0.01%
299
– –
EXOD
2768
Exodus Movement Inc
EXOD
$191M
$487 ﹤0.01%
18
+1
+6% +$37
DYN icon
2769
Dyne Therapeutics
DYN
$4.9B
$486 ﹤0.01%
51
+50
+5,000% +$550
OUST icon
2770
Ouster
OUST
$3.32B
$483 ﹤0.01%
20
-640
-97% -$7.78K
AMWL icon
2771
American Well
AMWL
$218M
$470 ﹤0.01%
53
– –
NSPR icon
2772
InspireMD
NSPR
$39.1M
$468 ﹤0.01%
206
– –
AIT icon
2773
Applied Industrial Technologies
AIT
$13.1B
$464 ﹤0.01%
2
-13
-87% -$2.96K
JSPR icon
2774
Jasper Therapeutics
JSPR
$28.6M
$444 ﹤0.01%
80
+40
+100% +$197
BIRD icon
2775
Smartbird Inc
BIRD
$29.2M
$443 ﹤0.01%
+41
New +$287
109 110
111
112 113

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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.