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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 | |
|---|---|---|---|---|---|---|
626
Leidos
LDOS
$17.6B
| $15.8M | 0.02% |
100,288
-10,402
| -9% | -$1.54M |
|
627
PUT
IQVIA
IQV
$40B
| $15.8M | 0.02% |
+1,001
| New | +$151K |
|
628
Factset
FDS
$9.9B
| $15.8M | 0.02% |
35,228
+6,864
| +24% | +$3.01M |
|
629
iShares Select Dividend ETF
DVY
$23.9B
| $15.7M | 0.02% |
118,558
-84,391
| -42% | -$10.9M |
|
630
Barclays
BCS
$94.6B
| $15.7M | 0.01% |
845,718
+6,185
| +0.7% | +$102K |
|
|
HSAI
631
Hesai Group
HSAI
$3.03B
| $15.6M | 0.01% |
711,300
+405,753
| +133% | +$7.14M |
|
632
Western Digital
WDC
$169B
| $15.6M | 0.01% |
243,906
-21,337
| -8% | -$1.02M |
|
633
SAP
SAP
$236B
| $15.6M | 0.01% |
51,311
-4,432
| -8% | -$1.27M |
|
634
CALL
Kroger
KR
$34.8B
| $15.5M | 0.01% |
+2,160
| New | +$149K |
|
635
PUT
Hasbro
HAS
$13.5B
| $15.5M | 0.01% |
+2,098
| New | +$132K |
|
636
Insulet
PODD
$10B
| $15.5M | 0.01% |
49,207
+18,229
| +59% | +$5.26M |
|
637
J.M. Smucker
SJM
$12.8B
| $15.4M | 0.01% |
156,959
+114,006
| +265% | +$12.5M |
|
638
Labcorp
LH
$26.2B
| $15.4M | 0.01% |
58,525
+19,177
| +49% | +$4.67M |
|
|
SOBO
639
South Bow Corp
SOBO
$7.62B
| $15.3M | 0.01% |
595,879
+27,287
| +5% | +$694K |
|
|
SW
640
Smurfit Westrock
SW
$26B
| $15.3M | 0.01% |
353,926
+24,854
| +8% | +$1.06M |
|
641
Hubbell
HUBB
$26.9B
| $15.2M | 0.01% |
37,326
-3,168
| -8% | -$1.17M |
|
642
XPO
XPO
$24.7B
| $15.2M | 0.01% |
120,181
-13,477
| -10% | -$1.51M |
|
643
CALL
Occidental Petroleum
OXY
$57.8B
| $15.1M | 0.01% |
3,600
+2,889
| +406% | +$121K |
|
|
644
PUT
Occidental Petroleum
OXY
$57.8B
| $15.1M | 0.01% |
+3,600
| New | +$150K |
|
645
NVR
NVR
$16.9B
| $15.1M | 0.01% |
2,041
-258
| -11% | -$1.85M |
|
646
Credo Technology Group
CRDO
$52.9B
| $15.1M | 0.01% |
162,600
+153,800
| +1,748% | +$8.97M |
|
|
647
PUT
Credo Technology Group
CRDO
$52.9B
| $15.1M | 0.01% |
+1,626
| New | +$94.8K |
|
648
Sanofi
SNY
$105B
| $15M | 0.01% |
310,242
+8,443
| +3% | +$431K |
|
649
iShares 20+ Year Treasury Bond ETF
TLT
$41B
| $14.9M | 0.01% |
169,161
+110,851
| +190% | +$9.67M |
|
650
Vermilion Energy
VET
$1.69B
| $14.9M | 0.01% |
2,041,494
+207,991
| +11% | +$1.42M |
|
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.