We are live on
!
Find out more
National Bank of Canada Portfolio holdings
AUM
$140B
1-Year Est. Return
46.34%
This Fund
S&P 500
This Quarter
Est. Return
+10.79%
1 Year Est. Return
+46.34%
3 Year Est. Return
+120.97%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$100B
AUM Growth
-$4.77B
(-4.5%)
Cap. Flow
-$14B
Cap. Flow
% of AUM
-13.98%
Top 10 Holdings %
Top 10 Hldgs %
28.48%
Holding
3,287
New
313
Increased
899
Reduced
1,215
Closed
454
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Strategy Inc
MSTR
|
+$548M |
| 2 |
FISV
Fiserv Inc
FISV
|
+$286M |
| 3 |
Amgen
AMGN
|
+$251M |
| 4 |
Palantir
PLTR
|
+$229M |
| 5 |
Royal Bank of Canada
RY
|
+$200M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.11B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$1.09B |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$702M |
| 4 |
Tesla
TSLA
|
+$636M |
| 5 |
Microsoft
MSFT
|
+$480M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.61% |
| 2 | Financials | 18.19% |
| 3 | Consumer Discretionary | 7.6% |
| 4 | Communication Services | 7.34% |
| 5 | Industrials | 6.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Emerson Electric
EMR
$91.4B
| $29M | 0.03% |
221,213
-250,765
| -53% | -$34.2M |
|
|
COOP
402
DELISTED
Mr. Cooper
COOP
| $28.9M | 0.03% |
137,029
+136,990
| +351,256% | +$25.2M |
|
403
Edwards Lifesciences
EW
$53.6B
| $28.8M | 0.03% |
370,414
-88,239
| -19% | -$6.89M |
|
404
CALL
Caterpillar
CAT
$393B
| $28.6M | 0.03% |
600
| – | – |
|
405
Ares Management
ARES
$32.1B
| $28.6M | 0.03% |
179,059
+8,839
| +5% | +$1.59M |
|
406
CBRE Group
CBRE
$42.7B
| $28.6M | 0.03% |
181,356
-41,097
| -18% | -$6.36M |
|
407
Becton Dickinson
BDX
$50B
| $28.5M | 0.03% |
152,333
-250,625
| -62% | -$46.6M |
|
|
NGD
408
DELISTED
New Gold Inc
NGD
| $28.4M | 0.03% |
3,995,316
+154,146
| +4% | +$834K |
|
409
Otis Worldwide
OTIS
$28.2B
| $28.4M | 0.03% |
310,326
-47,217
| -13% | -$4.29M |
|
410
Equinox Gold
EQX
$13.5B
| $28.4M | 0.03% |
2,542,372
+235,756
| +10% | +$1.88M |
|
411
Northrop Grumman
NOC
$82B
| $28.4M | 0.03% |
46,553
-52,592
| -53% | -$29.8M |
|
412
iShares Core S&P 500 ETF
IVV
$904B
| $28.3M | 0.03% |
42,317
-26,433
| -38% | -$17M |
|
413
Prudential Financial
PRU
$42.3B
| $28.2M | 0.03% |
271,368
-51,597
| -16% | -$5.43M |
|
414
IAMGOLD
IAG
$10.3B
| $28.1M | 0.03% |
2,188,512
+181,813
| +9% | +$1.59M |
|
415
CALL
CRISPR Therapeutics
CRSP
$5.22B
| $27.9M | 0.03% |
4,307
+1,375
| +47% | +$78.9K |
|
416
Valero Energy
VLO
$95.1B
| $27.8M | 0.03% |
163,210
-29,294
| -15% | -$4.37M |
|
417
Ametek
AME
$59.3B
| $27.7M | 0.03% |
147,211
-31,714
| -18% | -$5.84M |
|
|
AXON
418
Axon Enterprise
AXON
$48.7B
| $27.6M | 0.03% |
38,433
-44,101
| -53% | -$33.5M |
|
419
Digital Realty Trust
DLR
$72.9B
| $27.5M | 0.03% |
159,074
-75,466
| -32% | -$12.9M |
|
420
Corteva
CTVA
$50.4B
| $27.3M | 0.03% |
404,379
-19,373
| -5% | -$1.4M |
|
421
CALL
Brookfield
BN
$110B
| $27.1M | 0.03% |
5,927
+3,524
| +147% | +$156K |
|
422
DexCom
DXCM
$34.3B
| $27.1M | 0.03% |
402,566
+18,865
| +5% | +$1.49M |
|
423
CALL
Suncor Energy
SU
$74.7B
| $27M | 0.03% |
6,446
-1,085
| -14% | -$43.5K |
|
424
American International
AIG
$39.8B
| $27M | 0.03% |
343,229
-60,916
| -15% | -$4.87M |
|
425
CALL
Abbott
ABT
$192B
| $26.8M | 0.03% |
2,000
-938
| -32% | -$123K |
|
Similar funds
National Bank of Canada's Q3 2025 Portfolio in Review
As of Q3 2025, National Bank of Canada held 3,287 positions worth $100B, down 4.5% from $105B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
National Bank of Canada withdrew a net $14B in Q3 2025, closing 454 positions and reducing 1,215 holdings. Its most notable exit was Schwab US Broad Market ETF, an estimated $96.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 24% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, National Bank of Canada opened a new position in iShares MSCI Japan ETF worth $50.2M.
- National Bank of Canada's largest Q3 2025 buy was iShares MSCI Japan ETF: 625,300 shares worth $50.2M.
- National Bank of Canada added most to Strategy Inc in Q3 2025, an estimated $548M increase.
- National Bank of Canada's biggest Q3 2025 reduction was NVIDIA, cutting an estimated $1.11B.
- National Bank of Canada fully exited Schwab US Broad Market ETF in Q3 2025, selling an estimated $96.5M.
- National Bank of Canada's ten largest holdings make up 28% of its $100B portfolio in Q3 2025.
- National Bank of Canada opened 313 new positions and closed 454 in Q3 2025.
- National Bank of Canada's portfolio value fell 4.5% quarter-over-quarter to $100B.
Based on National Bank of Canada's 13F filing for Q3 2025, filed 14 Nov 2025.