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 | |
|---|---|---|---|---|---|---|
451
PUT
Netflix
NFLX
$321B
| $24M | 0.02% |
2,000
| – | – |
|
452
Qfin Holdings
QFIN
$1.53B
| $24M | 0.02% |
832,400
+451,300
| +118% | +$15.3M |
|
453
Carrier Global
CARR
$52B
| $23.9M | 0.02% |
399,771
-301,396
| -43% | -$20.5M |
|
454
Hartford Financial Services
HIG
$37.8B
| $23.7M | 0.02% |
178,027
-24,817
| -12% | -$3.18M |
|
455
Kanzhun
BZ
$7.02B
| $23.6M | 0.02% |
1,010,516
-652,684
| -39% | -$14M |
|
456
PUT
Salesforce
CRM
$159B
| $23.6M | 0.02% |
+995
| New | +$251K |
|
457
PUT
Manulife Financial
MFC
$73.2B
| $23.1M | 0.02% |
7,420
+2,126
| +40% | +$65.6K |
|
458
Exelon
EXC
$47.1B
| $23.1M | 0.02% |
513,417
-473,913
| -48% | -$20.8M |
|
459
Accenture
ACN
$111B
| $23M | 0.02% |
93,442
-13,308
| -12% | -$3.47M |
|
460
CALL
AbbVie
ABBV
$446B
| $23M | 0.02% |
995
-1,005
| -50% | -$205K |
|
461
Southern Company
SO
$107B
| $22.7M | 0.02% |
239,773
-208,425
| -47% | -$19.5M |
|
462
CALL
Northrop Grumman
NOC
$81.6B
| $22.7M | 0.02% |
+372
| New | +$211K |
|
463
Illinois Tool Works
ITW
$82.6B
| $22.5M | 0.02% |
86,206
-120,351
| -58% | -$31.4M |
|
464
PUT
Simplify US Equity PLUS Convexity ETF
SPYC
$122M
| $22.4M | 0.02% |
+4,318
| New | +$180K |
|
465
PUT
Wayfair
W
$14B
| $22.3M | 0.02% |
2,500
-2,500
| -50% | -$183K |
|
466
Chubb
CB
$133B
| $22.3M | 0.02% |
78,907
-21,402
| -21% | -$5.89M |
|
467
Xylem
XYL
$28.1B
| $22.3M | 0.02% |
150,967
-19,170
| -11% | -$2.66M |
|
468
Monolithic Power Systems
MPWR
$69.5B
| $22.3M | 0.02% |
24,174
-14,188
| -37% | -$11.5M |
|
|
INFA
469
DELISTED
Informatica
INFA
| $22.2M | 0.02% |
895,600
-799,400
| -47% | -$19.7M |
|
470
Linde
LIN
$222B
| $22.2M | 0.02% |
46,703
+202
| +0.4% | +$95.6K |
|
471
CALL
Stryker
SYK
$132B
| $22.2M | 0.02% |
+600
| New | +$232K |
|
472
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.79B
| $21.8M | 0.02% |
855,091
+297,690
| +53% | +$7.53M |
|
473
Martin Marietta Materials
MLM
$33B
| $21.7M | 0.02% |
34,497
-7,664
| -18% | -$4.57M |
|
474
NRG Energy
NRG
$25.6B
| $21.7M | 0.02% |
133,733
-234,709
| -64% | -$36.6M |
|
475
Caesars Entertainment
CZR
$6.08B
| $21.6M | 0.02% |
800,000
-122,192
| -13% | -$3.31M |
|
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.