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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 | |
|---|---|---|---|---|---|---|
376
Oneok
OKE
$58.3B
| $35.7M | 0.03% |
436,734
-502,961
| -54% | -$41.9M |
|
377
TE Connectivity
TEL
$62B
| $35.5M | 0.03% |
210,590
-17,415
| -8% | -$2.64M |
|
378
L3Harris
LHX
$54.1B
| $35.5M | 0.03% |
141,471
-4,002
| -3% | -$919K |
|
379
CALL
Advanced Micro Devices
AMD
$788B
| $35.5M | 0.03% |
2,500
-1,500
| -38% | -$163K |
|
|
380
PUT
Advanced Micro Devices
AMD
$788B
| $35.5M | 0.03% |
2,500
-4,500
| -64% | -$490K |
|
381
Otis Worldwide
OTIS
$28.2B
| $35.4M | 0.03% |
357,543
+23,288
| +7% | +$2.25M |
|
382
Ford
F
$55.1B
| $35.3M | 0.03% |
3,257,735
-4,047,439
| -55% | -$41.2M |
|
383
CALL
AST SpaceMobile
ASTS
$22.2B
| $35.2M | 0.03% |
+7,542
| New | +$218K |
|
384
Cummins
CMI
$87.8B
| $35.2M | 0.03% |
107,603
-9,740
| -8% | -$3.02M |
|
|
JNPR
385
DELISTED
Juniper Networks
JNPR
| $35.2M | 0.03% |
880,929
-76,954
| -8% | -$2.76M |
|
386
Etsy
ETSY
$7.31B
| $35.1M | 0.03% |
700,002
+539,000
| +335% | +$26.8M |
|
387
Fidelity National Information Services
FIS
$21.6B
| $35.1M | 0.03% |
430,747
+226,231
| +111% | +$17.6M |
|
|
NVO
388
Novo Nordisk
NVO
$203B
| $35M | 0.03% |
506,146
+142,608
| +39% | +$9.7M |
|
389
Huazhu Hotels Group
HTHT
$12.7B
| $34.8M | 0.03% |
1,025,920
+1,025,918
| +51,295,900% | +$36M |
|
390
Prudential Financial
PRU
$42.3B
| $34.7M | 0.03% |
322,965
+8,789
| +3% | +$911K |
|
391
ResMed
RMD
$32.8B
| $34.7M | 0.03% |
134,483
+44,909
| +50% | +$10.7M |
|
392
American International
AIG
$39.8B
| $34.6M | 0.03% |
404,145
+80,249
| +25% | +$6.68M |
|
393
Gold Fields
GFI
$36.4B
| $34.5M | 0.03% |
1,459,414
-67,988
| -4% | -$1.56M |
|
|
PDS
394
Precision Drilling
PDS
$1.08B
| $34.5M | 0.03% |
731,224
-8,618
| -1% | -$383K |
|
395
AngloGold Ashanti
AU
$49.5B
| $34.5M | 0.03% |
756,166
-109,550
| -13% | -$4.71M |
|
396
Alcon
ALC
$35.6B
| $34.5M | 0.03% |
389,414
+278,161
| +250% | +$25M |
|
397
IQVIA
IQV
$39.8B
| $34.3M | 0.03% |
217,495
+89,337
| +70% | +$13.4M |
|
398
CALL
Manulife Financial
MFC
$72.6B
| $34.2M | 0.03% |
10,707
+3,864
| +56% | +$119K |
|
399
Cardinal Health
CAH
$54.5B
| $34.1M | 0.03% |
203,092
-6,277
| -3% | -$932K |
|
400
Brookfield Infrastructure
BIPC
$4.93B
| $33.7M | 0.03% |
822,761
-82,755
| -9% | -$3.19M |
|
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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.