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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
-3.11%
1 Year Est. Return
+46.34%
3 Year Est. Return
+120.97%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$95.5B
AUM Growth
+$1.11B
(+1.2%)
Cap. Flow
+$7.77B
Cap. Flow
% of AUM
8.14%
Top 10 Holdings %
Top 10 Hldgs %
25.01%
Holding
3,248
New
337
Increased
1,070
Reduced
980
Closed
415
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.85B |
| 2 |
Apple
AAPL
|
+$1.72B |
| 3 |
Microsoft
MSFT
|
+$1.17B |
| 4 |
Amazon
AMZN
|
+$1.09B |
| 5 |
NVIDIA
NVDA
|
+$872M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$397M |
| 2 |
Suncor Energy
SU
|
+$387M |
| 3 |
Strategy Inc
MSTR
|
+$340M |
| 4 |
Enbridge
ENB
|
+$269M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$254M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.54% |
| 2 | Financials | 18.94% |
| 3 | Consumer Discretionary | 8.9% |
| 4 | Industrials | 7.28% |
| 5 | Communication Services | 7.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Home Depot
HD
$342B
| $663M | 0.69% |
1,808,369
+1,067,474
| +144% | +$416M |
|
27
Salesforce
CRM
$158B
| $586M | 0.61% |
2,184,827
+808,469
| +59% | +$251M |
|
|
28
PUT
NVIDIA
NVDA
$5.43T
| $577M | 0.6% |
53,269
-38,584
| -42% | -$4.89M |
|
|
29
Enbridge
ENB
$112B
| $577M | 0.6% |
13,057,617
-6,184,224
| -32% | -$269M |
|
30
Canadian Pacific Kansas City
CP
$81.5B
| $570M | 0.6% |
8,137,330
-312,107
| -4% | -$23.7M |
|
31
Booking.com
BKNG
$159B
| $546M | 0.57% |
2,963,700
+395,300
| +15% | +$75.6M |
|
|
WCN
32
Waste Connections
WCN
$41.6B
| $541M | 0.57% |
2,802,174
-137,466
| -5% | -$25.4M |
|
33
Bank of America
BAC
$453B
| $533M | 0.56% |
12,775,062
+1,830,328
| +17% | +$81.6M |
|
34
Canadian Natural Resources
CNQ
$98.1B
| $518M | 0.54% |
16,841,078
+2,630,720
| +19% | +$79.7M |
|
35
Visa
V
$671B
| $504M | 0.53% |
1,438,767
+815,862
| +131% | +$276M |
|
36
Mastercard
MA
$490B
| $502M | 0.53% |
915,668
+325,802
| +55% | +$177M |
|
37
BCE
BCE
$21.6B
| $497M | 0.52% |
21,680,890
+3,978,269
| +22% | +$93.6M |
|
38
TC Energy
TRP
$66.3B
| $484M | 0.51% |
10,259,098
-295,387
| -3% | -$13.8M |
|
39
Agnico Eagle Mines
AEM
$93.8B
| $467M | 0.49% |
4,315,394
+301,591
| +8% | +$28.8M |
|
40
Walmart Inc
WMT
$923B
| $443M | 0.46% |
5,043,482
+1,820,328
| +56% | +$171M |
|
41
PepsiCo
PEP
$189B
| $437M | 0.46% |
2,916,461
+1,153,906
| +65% | +$172M |
|
42
Eli Lilly
LLY
$1.09T
| $430M | 0.45% |
520,330
-69,797
| -12% | -$58.1M |
|
43
Telus
TU
$15B
| $428M | 0.45% |
29,864,269
+3,102,402
| +12% | +$45.5M |
|
44
Crown Castle
CCI
$31.5B
| $416M | 0.44% |
3,995,929
-1,797,913
| -31% | -$168M |
|
45
Nike
NKE
$60.1B
| $416M | 0.44% |
6,554,637
+4,740,728
| +261% | +$349M |
|
46
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $392M | 0.41% |
7,006
+6,659
| +1,919% | +$3.91M |
|
47
Cognizant
CTSH
$26.2B
| $383M | 0.4% |
5,005,802
-628,185
| -11% | -$51.1M |
|
48
Procter & Gamble
PG
$335B
| $382M | 0.4% |
2,241,099
+269,433
| +14% | +$45.1M |
|
49
Cisco
CSCO
$488B
| $378M | 0.4% |
6,125,754
-1,497,996
| -20% | -$92.2M |
|
50
Netflix
NFLX
$309B
| $359M | 0.38% |
3,851,580
+1,716,620
| +80% | +$163M |
|
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National Bank of Canada's Q1 2025 Portfolio in Review
As of Q1 2025, National Bank of Canada held 3,248 positions worth $95.5B, up 1.2% from $94.4B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
National Bank of Canada deployed $7.77B of net new capital in Q1 2025, opening 337 new positions and adding to 1,070 existing holdings. Its largest new stake was Futu Holdings: 594,502 shares worth $60.8M.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 22% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Micron Technology, an estimated $397M trimmed.
- National Bank of Canada's largest Q1 2025 buy was Futu Holdings: 594,502 shares worth $60.8M.
- National Bank of Canada added most to Tesla in Q1 2025, an estimated $1.85B increase.
- National Bank of Canada's biggest Q1 2025 reduction was Micron Technology, cutting an estimated $397M.
- National Bank of Canada fully exited Kanzhun in Q1 2025, selling an estimated $36M.
- National Bank of Canada's ten largest holdings make up 25% of its $95.5B portfolio in Q1 2025.
- National Bank of Canada opened 337 new positions and closed 415 in Q1 2025.
- National Bank of Canada's portfolio value rose 1.2% quarter-over-quarter to $95.5B.
Based on National Bank of Canada's 13F filing for Q1 2025, filed 12 May 2025.