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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 | |
|---|---|---|---|---|---|---|
401
Altria Group
MO
$107B
| $33.7M | 0.03% |
574,715
+30,560
| +6% | +$1.79M |
|
402
DexCom
DXCM
$34.3B
| $33.5M | 0.03% |
383,701
-185,310
| -33% | -$14.5M |
|
403
CoStar Group
CSGP
$12.4B
| $33.4M | 0.03% |
415,626
+73,285
| +21% | +$5.71M |
|
404
Kraft Heinz
KHC
$29.1B
| $33.1M | 0.03% |
1,282,395
+150,921
| +13% | +$4.19M |
|
405
Itron
ITRI
$4.49B
| $32.9M | 0.03% |
+250,000
| New | +$28.3M |
|
|
406
PUT
Itron
ITRI
$4.49B
| $32.9M | 0.03% |
+2,500
| New | +$283K |
|
407
D.R. Horton
DHI
$40.8B
| $32.9M | 0.03% |
253,823
+10,488
| +4% | +$1.29M |
|
408
Alamos Gold
AGI
$14B
| $32.8M | 0.03% |
1,243,934
-213,885
| -15% | -$5.72M |
|
409
Agilent Technologies
A
$41.9B
| $32.6M | 0.03% |
276,041
+52,068
| +23% | +$5.77M |
|
410
Public Storage
PSA
$60.4B
| $32.4M | 0.03% |
110,403
-28,021
| -20% | -$8.3M |
|
411
Ametek
AME
$59.3B
| $32.4M | 0.03% |
178,925
-6,240
| -3% | -$1.07M |
|
412
PUT
Sun Life Financial
SLF
$44.4B
| $32.3M | 0.03% |
4,863
+426
| +10% | +$26.1K |
|
413
W.W. Grainger
GWW
$61.5B
| $32.3M | 0.03% |
31,046
-2,848
| -8% | -$2.96M |
|
414
Baker Hughes
BKR
$63.8B
| $32.1M | 0.03% |
838,368
+1,941
| +0.2% | +$73.2K |
|
|
415
CALL
Altria Group
MO
$107B
| $32.1M | 0.03% |
+5,478
| New | +$322K |
|
416
Accenture
ACN
$110B
| $31.9M | 0.03% |
106,750
-45,587
| -30% | -$13.9M |
|
417
CALL
Enbridge
ENB
$112B
| $31.8M | 0.03% |
7,010
-176
| -2% | -$7.98K |
|
418
Corteva
CTVA
$50.4B
| $31.6M | 0.03% |
423,752
-131,441
| -24% | -$8.76M |
|
419
Super Micro Computer
SMCI
$24.3B
| $31.5M | 0.03% |
643,360
-1,138,223
| -64% | -$43.9M |
|
420
CBRE Group
CBRE
$42.7B
| $31.2M | 0.03% |
222,453
-624
| -0.3% | -$78.9K |
|
421
Curtiss-Wright
CW
$26.7B
| $31M | 0.03% |
63,428
+151
| +0.2% | +$59.6K |
|
422
PUT
Citigroup
C
$231B
| $30.9M | 0.03% |
3,625
-1,375
| -28% | -$99.4K |
|
423
C3.ai
AI
$1.57B
| $30.8M | 0.03% |
1,252,298
+1,249,832
| +50,683% | +$28.6M |
|
424
WisdomTree Emerging Markets SmallCap Dividend Fund
DGS
$1.78B
| $30.7M | 0.03% |
556,923
+12,459
| +2% | +$638K |
|
|
425
PUT
C3.ai
AI
$1.57B
| $30.7M | 0.03% |
+12,500
| New | +$286K |
|
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.