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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 | |
|---|---|---|---|---|---|---|
751
PUT
Royal Bank of Canada
RY
$298B
| $11.2M | 0.01% |
848
-376
| -31% | -$46K |
|
752
CALL
Meta Platforms (Facebook)
META
$1.5T
| $11.1M | 0.01% |
151
-749
| -83% | -$463K |
|
753
West Pharmaceutical
WST
$24.5B
| $11.1M | 0.01% |
50,926
-4,378
| -8% | -$936K |
|
754
Evergy
EVRG
$19.2B
| $11.1M | 0.01% |
160,869
-95,120
| -37% | -$6.39M |
|
755
Rollins
ROL
$17.4B
| $11.1M | 0.01% |
196,973
-43,815
| -18% | -$2.46M |
|
756
Atmos Energy
ATO
$28.7B
| $11.1M | 0.01% |
72,056
+709
| +1% | +$110K |
|
757
PUT
Redwire
RDW
$3.36B
| $10.9M | 0.01% |
+6,708
| New | +$87.4K |
|
|
758
Redwire
RDW
$3.36B
| $10.9M | 0.01% |
+669,378
| New | +$8.72M |
|
759
State Street SPDR S&P Dividend ETF
SDY
$22.1B
| $10.9M | 0.01% |
80,276
-4,286
| -5% | -$568K |
|
760
Ball Corp
BALL
$16.5B
| $10.9M | 0.01% |
193,923
+45,404
| +31% | +$2.37M |
|
761
Alliant Energy
LNT
$18.2B
| $10.9M | 0.01% |
179,608
-106,475
| -37% | -$6.52M |
|
762
PUT
Toronto Dominion Bank
TD
$204B
| $10.8M | 0.01% |
1,472
-365
| -20% | -$23.8K |
|
763
First Majestic Silver
AG
$9.24B
| $10.7M | 0.01% |
1,298,213
+197,616
| +18% | +$1.33M |
|
764
Vanguard Short-Term Treasury ETF
VGSH
$30.2B
| $10.7M | 0.01% |
181,675
+63,170
| +53% | +$3.7M |
|
765
Kyndryl
KD
$2.92B
| $10.5M | 0.01% |
251,009
-882
| -0.4% | -$31.9K |
|
766
MKS Inc
MKSI
$21.1B
| $10.5M | 0.01% |
105,778
+100,457
| +1,888% | +$8.16M |
|
767
Clorox
CLX
$12.8B
| $10.5M | 0.01% |
87,360
-6,797
| -7% | -$907K |
|
|
SMLR
768
DELISTED
Semler Scientific
SMLR
| $10.4M | 0.01% |
+269,600
| New | +$9.61M |
|
|
SMLR
769
PUT
DELISTED
Semler Scientific
SMLR
| $10.4M | 0.01% |
+2,696
| New | +$96.1K |
|
770
GFL Environmental
GFL
$14.9B
| $10.4M | 0.01% |
207,434
-111,971
| -35% | -$5.5M |
|
771
PUT
Quantum Computing Inc
QUBT
$2B
| $10.4M | 0.01% |
5,403
+5,387
| +33,669% | +$59.4K |
|
772
Las Vegas Sands
LVS
$29.5B
| $10.3M | 0.01% |
237,477
+14,578
| +7% | +$567K |
|
773
PUT
Teradyne
TER
$65.4B
| $10.3M | 0.01% |
+1,149
| New | +$91.8K |
|
774
Textron
TXT
$15.1B
| $10.3M | 0.01% |
128,668
-9,026
| -7% | -$653K |
|
775
PUT
Williams Companies
WMB
$89.7B
| $10.3M | 0.01% |
+1,640
| New | +$96.8K |
|
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VAM
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.