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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 | |
|---|---|---|---|---|---|---|
476
EQT Corp
EQT
$33.8B
| $24M | 0.03% |
450,087
+170,838
| +61% | +$8.73M |
|
477
PUT
Moderna
MRNA
$25.4B
| $24M | 0.03% |
+8,468
| New | +$301K |
|
478
Enphase Energy
ENPH
$5.39B
| $23.9M | 0.03% |
384,385
-736,024
| -66% | -$46.6M |
|
|
VRN
479
DELISTED
Veren
VRN
| $23.4M | 0.02% |
3,564,773
-303,742
| -8% | -$1.68M |
|
480
iShares Silver Trust
SLV
$31.8B
| $23.3M | 0.02% |
751,040
-1,761,581
| -70% | -$51.2M |
|
481
W.R. Berkley
WRB
$25.9B
| $23.2M | 0.02% |
326,120
-73,734
| -18% | -$4.52M |
|
482
Microchip Technology
MCHP
$43.1B
| $22.9M | 0.02% |
473,800
+142,171
| +43% | +$7.92M |
|
483
SLB Ltd
SLB
$78.1B
| $22.9M | 0.02% |
547,797
-1,674,295
| -75% | -$68.6M |
|
484
OR Royalties Inc
OR
$6.31B
| $22.9M | 0.02% |
1,094,010
+26,981
| +3% | +$518K |
|
485
IQVIA
IQV
$39.8B
| $22.6M | 0.02% |
128,158
+45,490
| +55% | +$8.83M |
|
486
CALL
Canadian Natural Resources
CNQ
$98.1B
| $22.5M | 0.02% |
7,313
+2,332
| +47% | +$70.7K |
|
487
Linde
LIN
$221B
| $22.4M | 0.02% |
48,019
-6,877
| -13% | -$3.1M |
|
488
CMS Energy
CMS
$22B
| $22.3M | 0.02% |
296,676
+31,313
| +12% | +$2.19M |
|
|
PPL
489
PPL Corp
PPL
$26.7B
| $22.3M | 0.02% |
616,629
+166,792
| +37% | +$5.66M |
|
490
Illinois Tool Works
ITW
$83.3B
| $22.1M | 0.02% |
89,090
-60,137
| -40% | -$15.5M |
|
491
Martin Marietta Materials
MLM
$32.7B
| $22.1M | 0.02% |
46,120
+17,493
| +61% | +$8.88M |
|
492
Unilever
UL
$133B
| $22M | 0.02% |
329,096
-15,799
| -5% | -$1.02M |
|
493
iShares Core US Aggregate Bond ETF
AGG
$138B
| $21.9M | 0.02% |
221,535
-318,766
| -59% | -$31.2M |
|
494
Trade Desk
TTD
$6.34B
| $21.9M | 0.02% |
400,346
+330,398
| +472% | +$29.9M |
|
495
Centene
CNC
$33.1B
| $21.9M | 0.02% |
360,501
+82,738
| +30% | +$5M |
|
496
PUT
Uber
UBER
$154B
| $21.9M | 0.02% |
3,000
-14,807
| -83% | -$1.07M |
|
497
Cencora
COR
$60B
| $21.7M | 0.02% |
78,066
-15,395
| -16% | -$3.87M |
|
498
Dominion Energy
D
$59.8B
| $21.7M | 0.02% |
386,940
-88,699
| -19% | -$4.88M |
|
499
Warner Bros
WBD
$69.3B
| $21.7M | 0.02% |
2,019,450
+581,308
| +40% | +$6.08M |
|
|
NOA
500
North American Construction
NOA
$414M
| $21.6M | 0.02% |
1,368,520
+34,720
| +3% | +$642K |
|
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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.