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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
+6.52%
1 Year Est. Return
+46.34%
3 Year Est. Return
+120.97%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$40.6B
AUM Growth
+$1.38B
(+3.5%)
Cap. Flow
-$2.07B
Cap. Flow
% of AUM
-5.09%
Top 10 Holdings %
Top 10 Hldgs %
25.67%
Holding
2,960
New
195
Increased
950
Reduced
931
Closed
253
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI ACWI ETF
ACWI
|
+$620M |
| 2 |
Amazon
AMZN
|
+$382M |
| 3 |
TC Energy
TRP
|
+$364M |
| 4 |
iShares MSCI Emerging Markets ETF
EEM
|
+$290M |
| 5 |
Canadian Natural Resources
CNQ
|
+$262M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$830M |
| 2 |
Vale
VALE
|
+$564M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$505M |
| 4 |
iShares Russell 2000 ETF
IWM
|
+$300M |
| 5 |
Itaú Unibanco
ITUB
|
+$233M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 23.98% |
| 2 | Technology | 11.97% |
| 3 | Energy | 9.86% |
| 4 | Industrials | 7.94% |
| 5 | Communication Services | 6.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Suncor Energy
SU
$74.7B
| $330M | 0.81% |
10,630,165
-6,022,439
| -36% | -$196M |
|
|
27
iShares MSCI Emerging Markets ETF
EEM
$30.4B
| $325M | 0.8% |
8,239,022
+7,302,610
| +780% | +$290M |
|
28
Shopify
SHOP
$194B
| $320M | 0.79% |
6,669,887
+116,371
| +2% | +$5.12M |
|
29
Nutrien
NTR
$32.1B
| $287M | 0.71% |
3,895,974
-20,233
| -0.5% | -$1.56M |
|
30
Cenovus Energy
CVE
$55.6B
| $263M | 0.65% |
15,069,182
+272,281
| +2% | +$5M |
|
|
31
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $262M | 0.64% |
6,400
+155
| +2% | +$61.8K |
|
32
Rogers Communications
RCI
$19.4B
| $260M | 0.64% |
5,615,410
-241,976
| -4% | -$11.5M |
|
|
B
33
Barrick Mining
B
$67.9B
| $252M | 0.62% |
13,586,437
-2,514,355
| -16% | -$45.2M |
|
34
Pembina Pipeline
PBA
$28.4B
| $251M | 0.62% |
7,745,013
+371,913
| +5% | +$12.5M |
|
35
PUT
iShares MSCI Australia ETF
EWA
$1.46B
| $244M | 0.6% |
71,647
-794
| -1% | -$18.6K |
|
36
Fortis
FTS
$28.7B
| $225M | 0.55% |
5,309,091
+24,465
| +0.5% | +$1M |
|
37
Bank of America
BAC
$453B
| $225M | 0.55% |
7,874,589
+2,254,404
| +40% | +$74.4M |
|
38
Alphabet (Google) Class C
GOOG
$4.19T
| $220M | 0.54% |
2,117,887
+434,349
| +26% | +$41.9M |
|
39
iShares Core MSCI EAFE ETF
IEFA
$196B
| $211M | 0.52% |
3,163,588
+11,417
| +0.4% | +$748K |
|
40
Franco-Nevada
FNV
$45.5B
| $204M | 0.5% |
1,399,525
-125,461
| -8% | -$17.5M |
|
41
VanEck Gold Miners ETF
GDX
$27.8B
| $202M | 0.5% |
6,256,367
+2,903,659
| +87% | +$87.8M |
|
42
Berkshire Hathaway Class B
BRK.B
$1.09T
| $202M | 0.5% |
656,636
+62,753
| +11% | +$19.3M |
|
43
Thomson Reuters
TRI
$44.5B
| $195M | 0.48% |
1,421,612
-41,406
| -3% | -$5.28M |
|
44
Mastercard
MA
$490B
| $185M | 0.46% |
507,679
+34,963
| +7% | +$12.7M |
|
45
PepsiCo
PEP
$189B
| $185M | 0.46% |
1,014,968
+392,469
| +63% | +$68.6M |
|
46
Agnico Eagle Mines
AEM
$93.8B
| $173M | 0.43% |
3,393,949
+52,339
| +2% | +$2.69M |
|
47
Restaurant Brands International
QSR
$26.1B
| $162M | 0.4% |
2,409,500
+112,212
| +5% | +$7.31M |
|
48
Teck Resources
TECK
$32.4B
| $159M | 0.39% |
4,366,732
+282,458
| +7% | +$11.2M |
|
49
Wheaton Precious Metals
WPM
$61.3B
| $157M | 0.39% |
3,252,743
+101,426
| +3% | +$4.43M |
|
50
Cognizant
CTSH
$26.2B
| $156M | 0.39% |
2,568,179
-315,188
| -11% | -$19.7M |
|
Similar funds
National Bank of Canada's Q1 2023 Portfolio in Review
As of Q1 2023, National Bank of Canada held 2,960 positions worth $40.6B, up 3.5% from $39.3B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
National Bank of Canada withdrew a net $2.07B in Q1 2023, closing 253 positions and reducing 931 holdings. Its most notable exit was Banco Bradesco, an estimated $142M position sold in full.
By sector, the portfolio is most concentrated in Financials at 24% of assets, down from 25% a quarter earlier, followed by Technology and Energy.
Against the trend, National Bank of Canada opened a new position in Frontdoor worth $33.5M.
- National Bank of Canada's largest Q1 2023 buy was Frontdoor: 1,200,000 shares worth $33.5M.
- National Bank of Canada added most to iShares MSCI ACWI ETF in Q1 2023, an estimated $620M increase.
- National Bank of Canada's biggest Q1 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $830M.
- National Bank of Canada fully exited Banco Bradesco in Q1 2023, selling an estimated $142M.
- National Bank of Canada's ten largest holdings make up 26% of its $40.6B portfolio in Q1 2023.
- National Bank of Canada opened 195 new positions and closed 253 in Q1 2023.
- National Bank of Canada's portfolio value rose 3.5% quarter-over-quarter to $40.6B.
Based on National Bank of Canada's 13F filing for Q1 2023, filed 12 Apr 2023.