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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 | |
|---|---|---|---|---|---|---|
451
Packaging Corp of America
PKG
$22.8B
| $28.3M | 0.03% |
149,941
+46,520
| +45% | +$8.79M |
|
452
CALL
Suncor Energy
SU
$74.7B
| $28.2M | 0.03% |
7,531
+922
| +14% | +$33.3K |
|
453
Monolithic Power Systems
MPWR
$70B
| $28.1M | 0.03% |
38,362
-6,289
| -14% | -$4.01M |
|
454
Willis Towers Watson
WTW
$31.6B
| $28M | 0.03% |
91,312
-3,679
| -4% | -$1.14M |
|
455
CALL
Sun Life Financial
SLF
$44.4B
| $27.8M | 0.03% |
4,186
-331
| -7% | -$20.3K |
|
456
Wayfair
W
$14.1B
| $27.8M | 0.03% |
543,435
+503,163
| +1,249% | +$18.8M |
|
457
Gartner
IT
$11.3B
| $27.5M | 0.03% |
68,092
+8,600
| +14% | +$3.6M |
|
458
CALL
Home Depot
HD
$342B
| $27.5M | 0.03% |
+750
| New | +$271K |
|
459
PUT
The Mosaic Company
MOS
$7.18B
| $27.3M | 0.03% |
+7,490
| New | +$240K |
|
460
Consolidated Edison
ED
$39.9B
| $27.1M | 0.03% |
270,496
-145,068
| -35% | -$15.4M |
|
461
Dollar General
DG
$26.4B
| $27.1M | 0.03% |
236,801
+91,405
| +63% | +$9.07M |
|
|
IPG
462
DELISTED
Interpublic Group of Companies
IPG
| $26.8M | 0.03% |
1,095,591
+816,111
| +292% | +$19.8M |
|
463
Targa Resources
TRGP
$57.6B
| $26.8M | 0.03% |
153,866
-101,541
| -40% | -$17.1M |
|
464
PUT
Netflix
NFLX
$309B
| $26.8M | 0.03% |
2,000
| – | – |
|
465
PUT
ASML
ASML
$695B
| $26.6M | 0.03% |
+332
| New | +$238K |
|
466
PUT
AST SpaceMobile
ASTS
$22.3B
| $26.6M | 0.03% |
+5,687
| New | +$165K |
|
467
Extra Space Storage
EXR
$31B
| $26.4M | 0.03% |
179,107
+9,397
| +6% | +$1.37M |
|
|
FITB
468
Fifth Third Bancorp
FITB
$52.6B
| $26.3M | 0.03% |
640,195
+200,655
| +46% | +$7.53M |
|
469
Caesars Entertainment
CZR
$6.04B
| $26.2M | 0.02% |
922,192
+75,242
| +9% | +$2.05M |
|
470
Sysco
SYY
$40.5B
| $26.1M | 0.02% |
344,977
-62,580
| -15% | -$4.54M |
|
471
iShares Silver Trust
SLV
$31.8B
| $26.1M | 0.02% |
795,947
+44,907
| +6% | +$1.37M |
|
472
CALL
TC Energy
TRP
$66.3B
| $25.9M | 0.02% |
5,314
+1,396
| +36% | +$68.5K |
|
473
KraneShares CSI China Internet ETF
KWEB
$5.45B
| $25.9M | 0.02% |
755,393
-1,560,643
| -67% | -$51.7M |
|
474
Valero Energy
VLO
$95.1B
| $25.9M | 0.02% |
192,504
+55,313
| +40% | +$6.89M |
|
475
Entergy
ETR
$50.3B
| $25.8M | 0.02% |
310,777
-91,783
| -23% | -$7.58M |
|
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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.