National Bank of Canada Portfolio holdings

National Bank of Canada's Q2 2023 Portfolio in Review

As of Q2 2023, National Bank of Canada held 2,899 positions worth $54.6B, up 34% from $40.6B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

National Bank of Canada deployed $9.71B of net new capital in Q2 2023, opening 194 new positions and adding to 1,091 existing holdings. Its largest new stake was Kanzhun: 2,448,500 shares worth $38M.

By sector, the portfolio is most concentrated in Financials at 22% of assets, down from 24% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was Canadian Natural Resources, an estimated $443M trimmed.

• National Bank of Canada's largest Q2 2023 buy was Kanzhun: 2,448,500 shares worth $38M.
• National Bank of Canada added most to Amazon in Q2 2023, an estimated $1.08B increase.
• National Bank of Canada's biggest Q2 2023 reduction was Canadian Natural Resources, cutting an estimated $443M.
• National Bank of Canada fully exited Shaw Communications Inc. in Q2 2023, selling an estimated $98.8M.
• National Bank of Canada's ten largest holdings make up 25% of its $54.6B portfolio in Q2 2023.
• National Bank of Canada opened 194 new positions and closed 173 in Q2 2023.
• National Bank of Canada's portfolio value rose 34% quarter-over-quarter to $54.6B.

Based on National Bank of Canada's 13F filing for Q2 2023, filed 26 Jul 2023.