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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 | |
|---|---|---|---|---|---|---|
601
PUT
Manulife Financial
MFC
$72.6B
| $16.9M | 0.02% |
5,294
+277
| +6% | +$8.54K |
|
602
Teledyne Technologies
TDY
$31.1B
| $16.8M | 0.02% |
32,766
-2,407
| -7% | -$1.16M |
|
603
CenterPoint Energy
CNP
$26.7B
| $16.8M | 0.02% |
456,393
-340,683
| -43% | -$12.6M |
|
604
iShares Russell 1000 Growth ETF
IWF
$129B
| $16.7M | 0.02% |
157,712
+3,428
| +2% | +$328K |
|
605
Pultegroup
PHM
$24.8B
| $16.7M | 0.02% |
158,496
-12,433
| -7% | -$1.25M |
|
606
Jacobs Solutions
J
$16.7B
| $16.7M | 0.02% |
127,146
-19,190
| -13% | -$2.37M |
|
607
iShares MSCI Intl Quality Factor ETF
IQLT
$14.3B
| $16.7M | 0.02% |
386,214
+301,151
| +354% | +$12.5M |
|
608
Amcor
AMCR
$21.4B
| $16.7M | 0.02% |
362,586
+144,456
| +66% | +$6.66M |
|
609
TransAlta
TAC
$3.99B
| $16.6M | 0.02% |
1,542,436
-1,142,743
| -43% | -$10.9M |
|
610
Qfin Holdings
QFIN
$1.51B
| $16.5M | 0.02% |
381,100
-502,312
| -57% | -$20.9M |
|
611
Cincinnati Financial
CINF
$26.5B
| $16.5M | 0.02% |
110,904
-18,090
| -14% | -$2.59M |
|
612
Zebra Technologies
ZBRA
$17.9B
| $16.5M | 0.02% |
53,476
+14,655
| +38% | +$3.98M |
|
613
CALL
Applovin
APP
$105B
| $16.5M | 0.02% |
+470
| New | +$152K |
|
614
iShares 7-10 Year Treasury Bond ETF
IEF
$47.3B
| $16.4M | 0.02% |
172,933
+146,703
| +559% | +$13.9M |
|
615
VeriSign
VRSN
$25.5B
| $16.4M | 0.02% |
56,934
-5,048
| -8% | -$1.37M |
|
616
Jabil
JBL
$39.3B
| $16.4M | 0.02% |
75,007
+21,276
| +40% | +$3.45M |
|
617
Moderna
MRNA
$25.7B
| $16.3M | 0.02% |
592,194
-432,917
| -42% | -$11.4M |
|
618
Tapestry
TPR
$26.4B
| $16.3M | 0.02% |
186,069
-12,222
| -6% | -$926K |
|
619
Eversource Energy
ES
$27.2B
| $16.3M | 0.02% |
256,773
-24,378
| -9% | -$1.5M |
|
620
Corpay
CPAY
$27.3B
| $16.3M | 0.02% |
49,165
+3,973
| +9% | +$1.3M |
|
621
HP
HPQ
$27.6B
| $16.3M | 0.02% |
666,580
-45,450
| -6% | -$1.16M |
|
622
Vanguard Total Bond Market
BND
$161B
| $16.1M | 0.02% |
219,357
-30,336
| -12% | -$2.21M |
|
623
Equity Residential
EQR
$24.6B
| $16.1M | 0.02% |
239,098
-435,275
| -65% | -$29.9M |
|
|
XYZ
624
Block Inc
XYZ
$48.5B
| $15.9M | 0.02% |
234,279
+209,634
| +851% | +$12.2M |
|
625
Fidelity Disruptive Automation ETF
FBOT
$223M
| $15.9M | 0.02% |
+530,702
| New | +$14.6M |
|
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.