We are live on
!
Find out more
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 | |
|---|---|---|---|---|---|---|
576
PUT
Enbridge
ENB
$112B
| $18.4M | 0.02% |
4,065
+294
| +8% | +$13.3K |
|
577
PUT
Equinix
EQIX
$105B
| $18.4M | 0.02% |
+231
| New | +$196K |
|
578
United Airlines
UAL
$40.6B
| $18.4M | 0.02% |
230,607
+102,455
| +80% | +$7.55M |
|
579
Quest Diagnostics
DGX
$26.2B
| $18.4M | 0.02% |
102,218
+27,330
| +36% | +$4.75M |
|
580
iShares Broad USD High Yield Corporate Bond ETF
USHY
$29.1B
| $18.3M | 0.02% |
488,026
+363,772
| +293% | +$13.3M |
|
581
AstraZeneca
AZN
$246B
| $18.3M | 0.02% |
130,465
+64,147
| +97% | +$8.99M |
|
582
PPG Industries
PPG
$25.5B
| $18.3M | 0.02% |
160,656
-27,301
| -15% | -$2.95M |
|
|
PPL
583
PPL Corp
PPL
$26.7B
| $18.1M | 0.02% |
532,918
-83,711
| -14% | -$2.91M |
|
584
PUT
Canadian Natural Resources
CNQ
$98.1B
| $18.1M | 0.02% |
5,745
+954
| +20% | +$28.9K |
|
585
Biogen
BIIB
$30.9B
| $18M | 0.02% |
143,212
-58,321
| -29% | -$7.27M |
|
586
Lennar Class A
LEN
$20.5B
| $18M | 0.02% |
162,310
-13,876
| -8% | -$1.5M |
|
587
Darden Restaurants
DRI
$25.9B
| $17.9M | 0.02% |
82,073
+5,315
| +7% | +$1.1M |
|
588
Tyler Technologies
TYL
$13B
| $17.9M | 0.02% |
30,159
-2,135
| -7% | -$1.21M |
|
589
Best Buy
BBY
$17.5B
| $17.8M | 0.02% |
265,663
+117,732
| +80% | +$8M |
|
590
Synchrony
SYF
$25.8B
| $17.8M | 0.02% |
266,535
+112,693
| +73% | +$6.3M |
|
591
Aptiv
APTV
$10.1B
| $17.7M | 0.02% |
259,853
+7,605
| +3% | +$471K |
|
592
SBA Communications
SBAC
$19.4B
| $17.6M | 0.02% |
75,129
-15,640
| -17% | -$3.58M |
|
593
Edison International
EIX
$26.7B
| $17.6M | 0.02% |
341,657
+13,681
| +4% | +$750K |
|
|
SPYM
594
State Street SPDR Portfolio S&P 500 ETF
SPYM
$168B
| $17.6M | 0.02% |
241,694
+181,984
| +305% | +$12.2M |
|
595
CMS Energy
CMS
$22B
| $17.3M | 0.02% |
249,706
-46,970
| -16% | -$3.35M |
|
596
International Paper
IP
$21.8B
| $17.3M | 0.02% |
368,509
-8,567
| -2% | -$405K |
|
597
Northern Trust
NTRS
$35B
| $17.2M | 0.02% |
136,022
-11,850
| -8% | -$1.21M |
|
598
PUT
Super Micro Computer
SMCI
$24.3B
| $17M | 0.02% |
3,474
-12,670
| -78% | -$488K |
|
599
Live Nation Entertainment
LYV
$43.2B
| $16.9M | 0.02% |
111,997
+34,333
| +44% | +$4.73M |
|
600
Dow Inc
DOW
$22.1B
| $16.9M | 0.02% |
639,076
-70,318
| -10% | -$2.05M |
|
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.