We are live on
!
Find out more
National Bank of Canada Portfolio holdings
AUM
$140B
1-Year Est. Return
46.34%
This Fund
S&P 500
This Quarter
Est. Return
+10.79%
1 Year Est. Return
+46.34%
3 Year Est. Return
+120.97%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$100B
AUM Growth
-$4.77B
(-4.5%)
Cap. Flow
-$14B
Cap. Flow
% of AUM
-13.98%
Top 10 Holdings %
Top 10 Hldgs %
28.48%
Holding
3,287
New
313
Increased
899
Reduced
1,215
Closed
454
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Strategy Inc
MSTR
|
+$548M |
| 2 |
FISV
Fiserv Inc
FISV
|
+$286M |
| 3 |
Amgen
AMGN
|
+$251M |
| 4 |
Palantir
PLTR
|
+$229M |
| 5 |
Royal Bank of Canada
RY
|
+$200M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.11B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$1.09B |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$702M |
| 4 |
Tesla
TSLA
|
+$636M |
| 5 |
Microsoft
MSFT
|
+$480M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.61% |
| 2 | Financials | 18.19% |
| 3 | Consumer Discretionary | 7.6% |
| 4 | Communication Services | 7.34% |
| 5 | Industrials | 6.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NVO
276
Novo Nordisk
NVO
$203B
| $52.7M | 0.05% |
949,485
+443,339
| +88% | +$26M |
|
277
Copart
CPRT
$26.8B
| $52.7M | 0.05% |
1,171,083
+159,190
| +16% | +$7.5M |
|
278
CME Group
CME
$94.3B
| $52.6M | 0.05% |
194,828
-167,238
| -46% | -$45.5M |
|
279
Vanguard FTSE Emerging Markets ETF
VWO
$126B
| $52.6M | 0.05% |
971,060
+4,526
| +0.5% | +$233K |
|
280
CRH
CRH
$65.2B
| $52.5M | 0.05% |
438,428
+297,631
| +211% | +$31.4M |
|
|
MRSH
281
Marsh
MRSH
$90.1B
| $52.1M | 0.05% |
258,537
-34,592
| -12% | -$7.11M |
|
282
PACCAR
PCAR
$69B
| $51.9M | 0.05% |
528,325
+22,321
| +4% | +$2.2M |
|
283
Crown Castle
CCI
$31.5B
| $51.8M | 0.05% |
537,259
-2,350,964
| -81% | -$238M |
|
284
Vanguard FTSE Developed Markets ETF
VEA
$238B
| $51.6M | 0.05% |
861,478
-879,640
| -51% | -$51.3M |
|
285
Ross Stores
ROST
$79.6B
| $51.5M | 0.05% |
337,903
+10,474
| +3% | +$1.5M |
|
286
Travelers Companies
TRV
$77.2B
| $51.4M | 0.05% |
184,138
+30,209
| +20% | +$8.09M |
|
287
Morgan Stanley
MS
$342B
| $51.3M | 0.05% |
322,954
-892,172
| -73% | -$132M |
|
288
PUT
Booking.com
BKNG
$159B
| $50.8M | 0.05% |
2,350
-1,950
| -45% | -$435K |
|
289
Welltower
WELL
$166B
| $50.6M | 0.05% |
284,108
-360,460
| -56% | -$59.2M |
|
290
Cigna
CI
$73.3B
| $50.3M | 0.05% |
174,379
-167,802
| -49% | -$49.7M |
|
291
iShares MSCI Japan ETF
EWJ
$23.1B
| $50.2M | 0.05% |
+625,300
| New | +$48.4M |
|
292
Ecolab
ECL
$78.1B
| $50.1M | 0.05% |
183,070
-42,009
| -19% | -$11.4M |
|
293
Vistra
VST
$49.2B
| $50.1M | 0.05% |
255,829
-344,965
| -57% | -$68.4M |
|
294
Elevance Health
ELV
$86.6B
| $50M | 0.05% |
154,595
-27,203
| -15% | -$8.46M |
|
295
Bausch Health
BHC
$2.32B
| $49.8M | 0.05% |
7,723,051
-16,550
| -0.2% | -$113K |
|
296
Howmet Aerospace
HWM
$112B
| $49.7M | 0.05% |
253,198
-69,182
| -21% | -$12.6M |
|
297
Motorola Solutions
MSI
$77.7B
| $49.3M | 0.05% |
107,726
-14,672
| -12% | -$6.61M |
|
|
DOO
298
Bombardier Recreational Products
DOO
$4.69B
| $49.2M | 0.05% |
809,070
-77,995
| -9% | -$4.39M |
|
299
Kroger
KR
$34.3B
| $49.1M | 0.05% |
727,913
+131,631
| +22% | +$9.16M |
|
300
New Oriental
EDU
$8.49B
| $48.6M | 0.05% |
916,300
-4,700
| -0.5% | -$232K |
|
Similar funds
National Bank of Canada's Q3 2025 Portfolio in Review
As of Q3 2025, National Bank of Canada held 3,287 positions worth $100B, down 4.5% from $105B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
National Bank of Canada withdrew a net $14B in Q3 2025, closing 454 positions and reducing 1,215 holdings. Its most notable exit was Schwab US Broad Market ETF, an estimated $96.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 24% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, National Bank of Canada opened a new position in iShares MSCI Japan ETF worth $50.2M.
- National Bank of Canada's largest Q3 2025 buy was iShares MSCI Japan ETF: 625,300 shares worth $50.2M.
- National Bank of Canada added most to Strategy Inc in Q3 2025, an estimated $548M increase.
- National Bank of Canada's biggest Q3 2025 reduction was NVIDIA, cutting an estimated $1.11B.
- National Bank of Canada fully exited Schwab US Broad Market ETF in Q3 2025, selling an estimated $96.5M.
- National Bank of Canada's ten largest holdings make up 28% of its $100B portfolio in Q3 2025.
- National Bank of Canada opened 313 new positions and closed 454 in Q3 2025.
- National Bank of Canada's portfolio value fell 4.5% quarter-over-quarter to $100B.
Based on National Bank of Canada's 13F filing for Q3 2025, filed 14 Nov 2025.