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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
(+10%)
Cap. Flow
-$6.15B
Cap. Flow
% of AUM
-5.84%
Top 10 Holdings %
Top 10 Hldgs %
26.91%
Holding
3,275
New
443
Increased
1,132
Reduced
929
Closed
300
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$699M |
| 2 |
UnitedHealth
UNH
|
+$618M |
| 3 |
Amazon
AMZN
|
+$433M |
| 4 |
Eli Lilly
LLY
|
+$410M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$392M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$845M |
| 2 |
Tesla
TSLA
|
+$639M |
| 3 |
Microsoft
MSFT
|
+$528M |
| 4 |
Broadcom
AVGO
|
+$322M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
301
Illinois Tool Works
ITW
$83.3B
| $51.1M | 0.05% |
206,557
+117,467
| +132% | +$28.4M |
|
302
Workday
WDAY
$43.3B
| $50.8M | 0.05% |
211,484
+38,569
| +22% | +$9.39M |
|
303
PUT
PepsiCo
PEP
$189B
| $50.1M | 0.05% |
+3,791
| New | +$511K |
|
304
PUT
CRISPR Therapeutics
CRSP
$5.22B
| $50M | 0.05% |
+10,287
| New | +$398K |
|
305
Monster Beverage
MNST
$90.1B
| $49.7M | 0.05% |
1,586,932
+80,268
| +5% | +$2.45M |
|
306
New Oriental
EDU
$8.49B
| $49.7M | 0.05% |
921,000
+228,700
| +33% | +$10.9M |
|
307
Copart
CPRT
$26.8B
| $49.7M | 0.05% |
1,011,893
+192,501
| +23% | +$10.8M |
|
308
CALL
argenx
ARGX
$54.8B
| $49.6M | 0.05% |
900
-600
| -40% | -$348K |
|
309
Northrop Grumman
NOC
$82B
| $49.6M | 0.05% |
99,145
-85,903
| -46% | -$42.2M |
|
310
PUT
Costco
COST
$421B
| $49.5M | 0.05% |
+500
| New | +$497K |
|
311
PUT
Applovin
APP
$102B
| $48.4M | 0.05% |
+1,383
| New | +$448K |
|
|
312
PUT
Apple
AAPL
$4.41T
| $48.3M | 0.05% |
2,354
-13,000
| -85% | -$2.63M |
|
313
PACCAR
PCAR
$69B
| $48.1M | 0.05% |
506,004
+30,663
| +6% | +$2.83M |
|
314
Fastenal
FAST
$59.9B
| $48M | 0.05% |
1,143,860
+655,506
| +134% | +$26.6M |
|
315
Vanguard FTSE Emerging Markets ETF
VWO
$126B
| $47.8M | 0.05% |
966,534
-96,905
| -9% | -$4.49M |
|
316
MetLife
MET
$61.4B
| $47.6M | 0.05% |
591,623
+44,304
| +8% | +$3.42M |
|
317
EOG Resources
EOG
$75.1B
| $47.4M | 0.05% |
396,416
+15,335
| +4% | +$1.75M |
|
318
General Motors
GM
$76.1B
| $47.3M | 0.04% |
960,994
-905,681
| -49% | -$42.9M |
|
319
FedEx
FDX
$77.3B
| $47.2M | 0.04% |
207,793
-26,731
| -11% | -$5.85M |
|
320
Hilton Worldwide
HLT
$72.6B
| $46.7M | 0.04% |
175,284
-453,174
| -72% | -$108M |
|
321
Truist Financial
TFC
$64.3B
| $46.5M | 0.04% |
1,081,293
-1,208,575
| -53% | -$47.3M |
|
322
UiPath
PATH
$7.91B
| $46.1M | 0.04% |
3,600,000
+3,593,034
| +51,580% | +$43.1M |
|
323
Allstate
ALL
$64.7B
| $45.3M | 0.04% |
225,159
-1,197
| -0.5% | -$239K |
|
324
PUT
Cigna
CI
$73.3B
| $45.2M | 0.04% |
+1,368
| New | +$441K |
|
325
Kimberly-Clark
KMB
$36.2B
| $44.8M | 0.04% |
347,373
-45,738
| -12% | -$6.2M |
|
Similar funds
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.