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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
+14.61%
1 Year Est. Return
+46.34%
3 Year Est. Return
+120.97%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$105B
AUM Growth
+$9.72B
(+10%)
Cap. Flow
-$6.15B
Cap. Flow
% of AUM
-5.84%
Top 10 Holdings %
Top 10 Hldgs %
26.91%
Holding
3,275
New
443
Increased
1,132
Reduced
929
Closed
300
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$699M |
| 2 |
UnitedHealth
UNH
|
+$618M |
| 3 |
Amazon
AMZN
|
+$433M |
| 4 |
Eli Lilly
LLY
|
+$410M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$392M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$845M |
| 2 |
Tesla
TSLA
|
+$639M |
| 3 |
Microsoft
MSFT
|
+$528M |
| 4 |
Broadcom
AVGO
|
+$322M |
| 5 |
TSMC
TSM
|
+$322M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.82% |
| 2 | Financials | 17.46% |
| 3 | Consumer Discretionary | 8.35% |
| 4 | Communication Services | 7.63% |
| 5 | Industrials | 7.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Hartford Financial Services
HIG
$37.7B
| $25.7M | 0.02% |
202,844
-32,528
| -14% | -$4.04M |
|
477
PUT
Home Depot
HD
$342B
| $25.7M | 0.02% |
700
-567
| -45% | -$205K |
|
478
T. Rowe Price
TROW
$23.8B
| $25.7M | 0.02% |
265,946
-35,296
| -12% | -$3.24M |
|
479
NetApp
NTAP
$39.6B
| $25.6M | 0.02% |
240,684
+55,683
| +30% | +$5.28M |
|
480
PUT
Wayfair
W
$14.1B
| $25.6M | 0.02% |
+5,000
| New | +$187K |
|
481
Warner Bros
WBD
$69.3B
| $25.5M | 0.02% |
2,224,638
+205,188
| +10% | +$1.91M |
|
482
Veralto
VLTO
$23.6B
| $25.4M | 0.02% |
251,800
-69,574
| -22% | -$6.71M |
|
483
B2Gold
BTG
$6.88B
| $25.4M | 0.02% |
7,069,176
+2,000,319
| +39% | +$6.56M |
|
484
American Airlines Group
AAL
$9.88B
| $25.4M | 0.02% |
2,263,617
+2,251,696
| +18,888% | +$24.1M |
|
485
Wabtec
WAB
$49.9B
| $25.4M | 0.02% |
121,310
-45,509
| -27% | -$8.75M |
|
486
CALL
Agnico Eagle Mines
AEM
$93.8B
| $24.9M | 0.02% |
2,093
+1,048
| +100% | +$122K |
|
487
eBay
EBAY
$45.5B
| $24.9M | 0.02% |
334,593
+145,188
| +77% | +$10.3M |
|
488
Kimco Realty
KIM
$16.2B
| $24.8M | 0.02% |
1,182,047
+669,785
| +131% | +$13.9M |
|
489
Ulta Beauty
ULTA
$22.9B
| $24.7M | 0.02% |
52,839
-121,425
| -70% | -$50.2M |
|
490
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$17.1B
| $24.6M | 0.02% |
245,028
+44,843
| +22% | +$4.5M |
|
491
iShares ESG Aware MSCI USA ETF
ESGU
$18.4B
| $24.6M | 0.02% |
181,700
+67,875
| +60% | +$8.47M |
|
492
Southwest Airlines
LUV
$22B
| $24.5M | 0.02% |
755,818
+386,177
| +104% | +$11.6M |
|
493
EQT Corp
EQT
$33.8B
| $24.4M | 0.02% |
418,481
-31,606
| -7% | -$1.71M |
|
494
Arch Capital
ACGL
$33.2B
| $24.3M | 0.02% |
267,264
+167
| +0.1% | +$15.4K |
|
495
Ventas
VTR
$45.7B
| $24.2M | 0.02% |
383,314
+218,364
| +132% | +$14.3M |
|
496
General Mills
GIS
$20.4B
| $24.2M | 0.02% |
467,207
+40,684
| +10% | +$2.24M |
|
497
Vulcan Materials
VMC
$36.3B
| $24.1M | 0.02% |
92,377
-207,577
| -69% | -$53.4M |
|
498
VICI Properties
VICI
$28.7B
| $24.1M | 0.02% |
738,835
+381,172
| +107% | +$12.1M |
|
499
iShares Floating Rate Bond ETF
FLOT
$10.5B
| $23.8M | 0.02% |
467,331
+188,470
| +68% | +$9.57M |
|
500
Vanguard Dividend Appreciation ETF
VIG
$115B
| $23.7M | 0.02% |
115,930
+20,383
| +21% | +$3.95M |
|
Similar funds
National Bank of Canada's Q2 2025 Portfolio in Review
As of Q2 2025, National Bank of Canada held 3,275 positions worth $105B, up 10% from $95.5B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
National Bank of Canada withdrew a net $6.15B in Q2 2025, closing 300 positions and reducing 929 holdings. Its most notable exit was Discover Financial Services, an estimated $98.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 23% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, National Bank of Canada opened a new position in Emera Inc worth $183M.
- National Bank of Canada's largest Q2 2025 buy was Emera Inc: 3,995,659 shares worth $183M.
- National Bank of Canada added most to Apple in Q2 2025, an estimated $699M increase.
- National Bank of Canada's biggest Q2 2025 reduction was NVIDIA, cutting an estimated $845M.
- National Bank of Canada fully exited Discover Financial Services in Q2 2025, selling an estimated $98.5M.
- National Bank of Canada's ten largest holdings make up 27% of its $105B portfolio in Q2 2025.
- National Bank of Canada opened 443 new positions and closed 300 in Q2 2025.
- National Bank of Canada's portfolio value rose 10% quarter-over-quarter to $105B.
Based on National Bank of Canada's 13F filing for Q2 2025, filed 13 Aug 2025.