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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 | |
|---|---|---|---|---|---|---|
|
EA
326
DELISTED
Electronic Arts
EA
| $44.6M | 0.04% |
279,423
-818,060
| -75% | -$121M |
|
327
Vanguard Total World Stock ETF
VT
$81.4B
| $44M | 0.04% |
342,209
+61,648
| +22% | +$7.37M |
|
328
Rockwell Automation
ROK
$50.1B
| $43.7M | 0.04% |
131,582
+9,972
| +8% | +$2.84M |
|
329
Keurig Dr Pepper
KDP
$40.2B
| $43.6M | 0.04% |
1,318,829
-684,709
| -34% | -$23.2M |
|
330
Dell
DELL
$313B
| $43.4M | 0.04% |
354,181
-20,128
| -5% | -$2.06M |
|
331
MSCI
MSCI
$40.9B
| $43.3M | 0.04% |
75,168
-25,913
| -26% | -$14.3M |
|
|
DOO
332
Bombardier Recreational Products
DOO
$4.69B
| $43M | 0.04% |
887,065
+391,408
| +79% | +$15.4M |
|
333
Idexx Laboratories
IDXX
$45B
| $43M | 0.04% |
80,154
+5,215
| +7% | +$2.49M |
|
334
United Rentals
URI
$70.3B
| $42.9M | 0.04% |
56,998
+8,921
| +19% | +$5.97M |
|
335
Exelon
EXC
$46.6B
| $42.9M | 0.04% |
987,330
-287,244
| -23% | -$12.8M |
|
336
Kroger
KR
$34.3B
| $42.8M | 0.04% |
596,282
-325,714
| -35% | -$22.5M |
|
337
iShares Core S&P 500 ETF
IVV
$904B
| $42.7M | 0.04% |
68,750
-6,097
| -8% | -$3.5M |
|
338
First Solar
FSLR
$24.4B
| $42.7M | 0.04% |
257,802
+182,849
| +244% | +$27M |
|
339
Kinder Morgan
KMI
$70.7B
| $42.4M | 0.04% |
1,441,976
-1,232,643
| -46% | -$33.8M |
|
340
Charter Communications
CHTR
$17.9B
| $42.3M | 0.04% |
103,485
+65,142
| +170% | +$24.9M |
|
|
341
PUT
First Solar
FSLR
$24.4B
| $42M | 0.04% |
+2,539
| New | +$375K |
|
342
Ross Stores
ROST
$79.6B
| $41.8M | 0.04% |
327,429
+22,815
| +7% | +$3.17M |
|
343
lululemon athletica
LULU
$13.7B
| $41.7M | 0.04% |
175,279
+22,888
| +15% | +$6.3M |
|
344
Nasdaq
NDAQ
$53.5B
| $41.3M | 0.04% |
462,103
+140,821
| +44% | +$11.2M |
|
|
INFA
345
DELISTED
Informatica
INFA
| $41.3M | 0.04% |
+1,695,000
| New | +$35M |
|
346
Travelers Companies
TRV
$77.2B
| $41.2M | 0.04% |
153,929
-35,291
| -19% | -$9.3M |
|
347
Southern Company
SO
$106B
| $41.2M | 0.04% |
448,198
-69,827
| -13% | -$6.27M |
|
348
Republic Services
RSG
$65.6B
| $41.1M | 0.04% |
166,831
-212,527
| -56% | -$52.5M |
|
|
SCHW
349
CALL
Charles Schwab
SCHW
$189B
| $41.1M | 0.04% |
+4,500
| New | +$377K |
|
|
SCHW
350
PUT
Charles Schwab
SCHW
$189B
| $41.1M | 0.04% |
+4,500
| New | +$377K |
|
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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.