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National Bank of Canada

National Bank of Canada Portfolio holdings

AUM $140B
1-Year Est. Return 46.34%
This Fund
S&P 500
This Quarter Est. Return
+6.94%
1 Year Est. Return
+46.34%
3 Year Est. Return
+120.97%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$87.3B
AUM Growth
+$14B
Cap. Flow
+$4.99B
Cap. Flow %
5.72%
Top 10 Hldgs %
26.37%
Holding
3,113
New
421
Increased
995
Reduced
902
Closed
382

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$845M
2
V icon
Visa
V
+$555M
3
AMD icon
Advanced Micro Devices
AMD
+$481M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$358M
5
CNI icon
Canadian National Railway
CNI
+$250M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$755M
2
AMZN icon
Amazon
AMZN
+$521M
3
AVGO icon
Broadcom
AVGO
+$484M
4
QCOM icon
Qualcomm
QCOM
+$419M
5
RY icon
Royal Bank of Canada
RY
+$383M

Sector Composition

Rank Sector Weight
1 Technology 23.85%
2 Financials 17.39%
3 Industrials 6.79%
4 Healthcare 6.51%
5 Communication Services 5.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UNH icon
26
UnitedHealth
UNH
$364B
$612M 0.7%
1,046,414
-65,462
-6% -$37M
SHOP icon
27
Shopify
SHOP
$194B
$594M 0.68%
7,408,880
+1,621,981
+28% +$112M
LLY icon
28
Eli Lilly
LLY
$1.09T
$572M 0.66%
646,036
+41,803
+7% +$37.6M
AMZN icon
29
CALL
Amazon
AMZN
$2.88T
$565M 0.65%
+30,300
New +$5.53M
APD icon
30
Air Products & Chemicals
APD
$67.7B
$556M 0.64%
1,867,290
+70,759
+4% +$19.4M
GIB icon
31
CGI
GIB
$15.3B
$519M 0.59%
4,513,733
+861,771
+24% +$94.1M
BRK.B icon
32
Berkshire Hathaway Class B
BRK.B
$1.09T
$510M 0.58%
1,107,524
+85,056
+8% +$37.6M
CCI icon
33
Crown Castle
CCI
$31.5B
$501M 0.57%
4,220,799
+185,238
+5% +$20.4M
WCN
34
Waste Connections
WCN
$41.6B
$479M 0.55%
2,678,562
+699,012
+35% +$126M
CSCO icon
35
Cisco
CSCO
$488B
$477M 0.55%
8,971,494
+3,975,028
+80% +$193M
TRP icon
36
TC Energy
TRP
$66.3B
$473M 0.54%
10,241,101
-3,388,479
-25% -$147M
AMD icon
37
PUT
Advanced Micro Devices
AMD
$788B
$473M 0.54%
28,821
+24,502
+567% +$3.72M
MRK icon
38
Merck
MRK
$328B
$457M 0.52%
4,020,093
+1,689,212
+72% +$201M
TU icon
39
Telus
TU
$15B
$439M 0.5%
26,160,789
+5,094,269
+24% +$82.3M
COST icon
40
Costco
COST
$421B
$429M 0.49%
483,456
+126,732
+36% +$110M
TMO icon
41
Thermo Fisher Scientific
TMO
$223B
$400M 0.46%
646,692
+259,123
+67% +$153M
JNJ icon
42
Johnson & Johnson
JNJ
$629B
$379M 0.43%
2,336,368
-930,720
-28% -$148M
IEFA icon
43
iShares Core MSCI EAFE ETF
IEFA
$196B
$375M 0.43%
4,799,281
-1,357,029
-22% -$102M
MA icon
44
Mastercard
MA
$490B
$365M 0.42%
738,751
+235,340
+47% +$109M
MU icon
45
Micron Technology
MU
$1.03T
$363M 0.42%
3,502,943
+687,627
+24% +$71.9M
HD icon
46
Home Depot
HD
$342B
$360M 0.41%
887,474
-272,705
-24% -$99.5M
TSLA icon
47
CALL
Tesla
TSLA
$1.29T
$343M 0.39%
13,113
+8,113
+162% +$1.85M
BAC icon
48
Bank of America
BAC
$453B
$339M 0.39%
8,544,864
-883,434
-9% -$35.4M
SLF icon
49
Sun Life Financial
SLF
$44.4B
$339M 0.39%
5,837,298
+1,284,556
+28% +$67.1M
AEM icon
50
Agnico Eagle Mines
AEM
$93.8B
$335M 0.38%
4,155,349
+285,565
+7% +$22.1M
1
2
3 4 5

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National Bank of Canada's Q3 2024 Portfolio in Review

As of Q3 2024, National Bank of Canada held 3,113 positions worth $87.3B, up 19% from $73.4B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

National Bank of Canada deployed $4.99B of net new capital in Q3 2024, opening 421 new positions and adding to 995 existing holdings. Its largest new stake was Kanzhun: 2,619,912 shares worth $45.5M.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 27% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was Apple, an estimated $755M trimmed.

  • National Bank of Canada's largest Q3 2024 buy was Kanzhun: 2,619,912 shares worth $45.5M.
  • National Bank of Canada added most to Microsoft in Q3 2024, an estimated $845M increase.
  • National Bank of Canada's biggest Q3 2024 reduction was Apple, cutting an estimated $755M.
  • National Bank of Canada fully exited WestRock Company in Q3 2024, selling an estimated $30.6M.
  • National Bank of Canada's ten largest holdings make up 26% of its $87.3B portfolio in Q3 2024.
  • National Bank of Canada opened 421 new positions and closed 382 in Q3 2024.
  • National Bank of Canada's portfolio value rose 19% quarter-over-quarter to $87.3B.

Based on National Bank of Canada's 13F filing for Q3 2024, filed 12 Nov 2024.