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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 | |
|---|---|---|---|---|---|---|
351
PUT
T-Mobile US
TMUS
$190B
| $41.1M | 0.04% |
1,723
+1,523
| +762% | +$372K |
|
352
Digital Realty Trust
DLR
$72.9B
| $40.9M | 0.04% |
234,540
-43,614
| -16% | -$7.13M |
|
353
Corning
GLW
$144B
| $40.3M | 0.04% |
767,231
-37,872
| -5% | -$1.77M |
|
354
SLB Ltd
SLB
$78.1B
| $40M | 0.04% |
1,183,394
+635,597
| +116% | +$22M |
|
355
CALL
Abbott
ABT
$192B
| $40M | 0.04% |
+2,938
| New | +$387K |
|
356
Phillips 66
PSX
$90B
| $39.3M | 0.04% |
329,723
-43,698
| -12% | -$4.9M |
|
357
iShares Gold Trust
IAU
$65.4B
| $39.3M | 0.04% |
630,243
-93,644
| -13% | -$5.8M |
|
358
Fair Isaac
FICO
$22.6B
| $39.2M | 0.04% |
21,452
+8,207
| +62% | +$15.4M |
|
359
Vanguard FTSE All-World ex-US ETF
VEU
$70.5B
| $39M | 0.04% |
580,120
+228,637
| +65% | +$14.5M |
|
360
Aflac
AFL
$60.5B
| $39M | 0.04% |
369,451
-52,947
| -13% | -$5.56M |
|
361
Xcel Energy
XEL
$49.1B
| $38.3M | 0.04% |
562,695
-539,300
| -49% | -$37.4M |
|
362
Vanguard Short-Term Corporate Bond ETF
VCSH
$45B
| $38.2M | 0.04% |
480,733
+450,509
| +1,491% | +$35.5M |
|
363
Schwab Fundamental Emerging Markets Large Company Index ETF
FNDE
$9.99B
| $38.2M | 0.04% |
1,156,592
+256,337
| +28% | +$7.97M |
|
364
Rexford Industrial Realty
REXR
$8.11B
| $38.1M | 0.04% |
+1,070,022
| New | +$37.3M |
|
365
CALL
AbbVie
ABBV
$440B
| $37.1M | 0.04% |
2,000
-1,050
| -34% | -$195K |
|
366
CF Industries
CF
$18.2B
| $36.7M | 0.03% |
398,674
+225,591
| +130% | +$19.2M |
|
367
PUT
Humana
HUM
$46.7B
| $36.7M | 0.03% |
+1,500
| New | +$374K |
|
368
Microchip Technology
MCHP
$43.1B
| $36.7M | 0.03% |
520,961
+47,161
| +10% | +$2.59M |
|
369
RB Global
RBA
$16B
| $36.4M | 0.03% |
352,655
-621,170
| -64% | -$63.7M |
|
370
Simon Property Group
SPG
$71.4B
| $36.1M | 0.03% |
224,677
-17,346
| -7% | -$2.74M |
|
371
The Mosaic Company
MOS
$7.18B
| $36.1M | 0.03% |
989,565
+640,544
| +184% | +$20.5M |
|
372
Global Payments
GPN
$23.4B
| $36M | 0.03% |
449,375
-463,292
| -51% | -$36.7M |
|
|
K
373
DELISTED
Kellanova
K
| $35.9M | 0.03% |
451,276
+226,346
| +101% | +$18.5M |
|
374
Edwards Lifesciences
EW
$53.6B
| $35.9M | 0.03% |
458,653
-82,878
| -15% | -$6.18M |
|
375
CRISPR Therapeutics
CRSP
$5.22B
| $35.8M | 0.03% |
+735,600
| New | +$28.5M |
|
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.