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
+10.79%
1 Year Est. Return
+46.34%
3 Year Est. Return
+120.97%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$100B
AUM Growth
-$4.77B
(-4.5%)
Cap. Flow
-$14B
Cap. Flow
% of AUM
-13.98%
Top 10 Holdings %
Top 10 Hldgs %
28.48%
Holding
3,287
New
313
Increased
899
Reduced
1,215
Closed
454
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Strategy Inc
MSTR
|
+$548M |
| 2 |
FISV
Fiserv Inc
FISV
|
+$286M |
| 3 |
Amgen
AMGN
|
+$251M |
| 4 |
Palantir
PLTR
|
+$229M |
| 5 |
Royal Bank of Canada
RY
|
+$200M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.11B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$1.09B |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$702M |
| 4 |
Tesla
TSLA
|
+$636M |
| 5 |
Microsoft
MSFT
|
+$480M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.61% |
| 2 | Financials | 18.19% |
| 3 | Consumer Discretionary | 7.6% |
| 4 | Communication Services | 7.34% |
| 5 | Industrials | 6.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
State Street Technology Select Sector SPDR ETF
XLK
$125B
| $14.2M | 0.01% |
100,672
+4,646
| +5% | +$615K |
|
602
PUT
Agnico Eagle Mines
AEM
$90.9B
| $14M | 0.01% |
831
+24
| +3% | +$3.3K |
|
603
Equity Residential
EQR
$24.7B
| $13.9M | 0.01% |
214,937
-24,161
| -10% | -$1.58M |
|
604
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$48.3B
| $13.8M | 0.01% |
29,840
-90,589
| -75% | -$40.8M |
|
605
Dominion Energy
D
$60.3B
| $13.8M | 0.01% |
225,864
-162,360
| -42% | -$9.65M |
|
606
iShares US Technology ETF
IYW
$25.8B
| $13.8M | 0.01% |
70,535
-239
| -0.3% | -$43.7K |
|
607
Darden Restaurants
DRI
$25.3B
| $13.8M | 0.01% |
72,508
-9,565
| -12% | -$1.97M |
|
608
Estee Lauder
EL
$31.7B
| $13.8M | 0.01% |
156,619
-19,270
| -11% | -$1.72M |
|
609
iShares Core MSCI Emerging Markets ETF
IEMG
$159B
| $13.7M | 0.01% |
208,546
-4,752,654
| -96% | -$296M |
|
610
VeriSign
VRSN
$25.9B
| $13.6M | 0.01% |
48,697
-8,237
| -14% | -$2.3M |
|
611
Brookfield Renewable
BEPC
$6.65B
| $13.6M | 0.01% |
401,330
-7,890
| -2% | -$271K |
|
612
Edison International
EIX
$26.9B
| $13.5M | 0.01% |
244,682
-96,975
| -28% | -$5.23M |
|
613
Insulet
PODD
$10B
| $13.4M | 0.01% |
43,540
-5,667
| -12% | -$1.78M |
|
614
Hershey
HSY
$37.3B
| $13.4M | 0.01% |
71,838
-68,719
| -49% | -$12.5M |
|
615
PUT
PayPal
PYPL
$51.3B
| $13.4M | 0.01% |
+2,000
| New | +$141K |
|
616
Harmony Gold Mining
HMY
$12.1B
| $13.4M | 0.01% |
738,352
-254,524
| -26% | -$3.84M |
|
617
eBay
EBAY
$46.2B
| $13.4M | 0.01% |
147,085
-187,508
| -56% | -$16.6M |
|
618
Old Dominion Freight Line
ODFL
$45B
| $13.4M | 0.01% |
94,931
-91,213
| -49% | -$14M |
|
|
B
619
CALL
Barrick Mining
B
$67.2B
| $13.3M | 0.01% |
4,064
-3,069
| -43% | -$77.8K |
|
620
Ingersoll Rand
IR
$32.7B
| $13.1M | 0.01% |
158,239
-124,217
| -44% | -$10.2M |
|
621
CALL
Imperial Oil
IMO
$63.9B
| $13M | 0.01% |
1,439
-44
| -3% | -$3.8K |
|
622
iShares Russell 2000 ETF
IWM
$82.4B
| $13M | 0.01% |
53,683
-48,652
| -48% | -$11.2M |
|
623
Entergy
ETR
$49.9B
| $13M | 0.01% |
139,341
-171,436
| -55% | -$15.1M |
|
624
Fox Class B
FOX
$24.1B
| $13M | 0.01% |
226,460
-782,253
| -78% | -$41.3M |
|
625
SBA Communications
SBAC
$19.8B
| $12.8M | 0.01% |
66,424
-8,705
| -12% | -$1.88M |
|
Similar funds
VAM
National Bank of Canada's Q3 2025 Portfolio in Review
As of Q3 2025, National Bank of Canada held 3,287 positions worth $100B, down 4.5% from $105B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
National Bank of Canada withdrew a net $14B in Q3 2025, closing 454 positions and reducing 1,215 holdings. Its most notable exit was Schwab US Broad Market ETF, an estimated $96.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 24% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, National Bank of Canada opened a new position in iShares MSCI Japan ETF worth $50.2M.
- National Bank of Canada's largest Q3 2025 buy was iShares MSCI Japan ETF: 625,300 shares worth $50.2M.
- National Bank of Canada added most to Strategy Inc in Q3 2025, an estimated $548M increase.
- National Bank of Canada's biggest Q3 2025 reduction was NVIDIA, cutting an estimated $1.11B.
- National Bank of Canada fully exited Schwab US Broad Market ETF in Q3 2025, selling an estimated $96.5M.
- National Bank of Canada's ten largest holdings make up 28% of its $100B portfolio in Q3 2025.
- National Bank of Canada opened 313 new positions and closed 454 in Q3 2025.
- National Bank of Canada's portfolio value fell 4.5% quarter-over-quarter to $100B.
Based on National Bank of Canada's 13F filing for Q3 2025, filed 14 Nov 2025.