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 | |
|---|---|---|---|---|---|---|
651
International Flavors & Fragrances
IFF
$21.4B
| $14.9M | 0.01% |
202,087
+57,476
| +40% | +$4.34M |
|
|
B
652
CALL
Barrick Mining
B
$66.9B
| $14.8M | 0.01% |
7,133
+135
| +2% | +$2.64K |
|
653
TAL Education Group
TAL
$6.38B
| $14.7M | 0.01% |
1,439,000
-2,430,500
| -63% | -$25.1M |
|
654
IAMGOLD
IAG
$10.1B
| $14.7M | 0.01% |
2,006,699
+918,507
| +84% | +$6.44M |
|
|
ONC
655
BeOne Medicines Ltd
ONC
$40.3B
| $14.7M | 0.01% |
60,554
+26,654
| +79% | +$6.54M |
|
656
Expedia Group
EXPE
$39B
| $14.6M | 0.01% |
86,775
-7,799
| -8% | -$1.27M |
|
657
Flex
FLEX
$46.9B
| $14.5M | 0.01% |
291,375
-62,948
| -18% | -$2.45M |
|
658
Colliers International
CIGI
$5.24B
| $14.5M | 0.01% |
113,205
+16,529
| +17% | +$2.01M |
|
659
Devon Energy
DVN
$48.4B
| $14.5M | 0.01% |
455,773
-270,270
| -37% | -$8.61M |
|
660
Williams-Sonoma
WSM
$28.8B
| $14.5M | 0.01% |
88,532
-19,229
| -18% | -$3.02M |
|
661
FirstEnergy
FE
$27.3B
| $14.5M | 0.01% |
359,201
+116,676
| +48% | +$4.81M |
|
662
PTC
PTC
$16B
| $14.5M | 0.01% |
83,848
-8,441
| -9% | -$1.36M |
|
663
VanEck Junior Gold Miners ETF
GDXJ
$8.31B
| $14.4M | 0.01% |
213,506
-5,721
| -3% | -$362K |
|
|
OKLO
664
PUT
Oklo
OKLO
$8.5B
| $14.4M | 0.01% |
2,568
+1,047
| +69% | +$40.4K |
|
665
PUT
Suncor Energy
SU
$76B
| $14.3M | 0.01% |
3,823
+372
| +11% | +$13.5K |
|
666
Full Truck Alliance
YMM
$9.17B
| $14.3M | 0.01% |
1,209,500
+1,182,043
| +4,305% | +$13.8M |
|
667
CALL
CRISPR Therapeutics
CRSP
$5.23B
| $14.3M | 0.01% |
+2,932
| New | +$113K |
|
668
Estee Lauder
EL
$31.8B
| $14.2M | 0.01% |
175,889
-192,583
| -52% | -$12.4M |
|
669
Snap-on
SNA
$20.8B
| $14.1M | 0.01% |
45,460
+2,918
| +7% | +$928K |
|
670
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.79B
| $14.1M | 0.01% |
557,401
+105,687
| +23% | +$2.58M |
|
671
Vanguard FTSE Europe ETF
VGK
$31B
| $14.1M | 0.01% |
181,872
-78,298
| -30% | -$5.78M |
|
|
HOLX
672
DELISTED
Hologic
HOLX
| $14M | 0.01% |
215,165
-35,000
| -14% | -$2.1M |
|
673
ATS Corp
ATS
$1.99B
| $14M | 0.01% |
439,018
+16,674
| +4% | +$457K |
|
674
Texas Pacific Land
TPL
$24B
| $13.9M | 0.01% |
39,519
+16,641
| +73% | +$6.8M |
|
675
Schwab Short-Term US Treasury ETF
SCHO
$13B
| $13.9M | 0.01% |
569,603
+387,155
| +212% | +$9.41M |
|
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.