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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 | |
|---|---|---|---|---|---|---|
776
Procore
PCOR
$8.95B
| $10.3M | 0.01% |
+149,822
| New | +$9.78M |
|
777
Trade Desk
TTD
$6.63B
| $10.2M | 0.01% |
141,972
-258,374
| -65% | -$16.5M |
|
778
Carlyle Group
CG
$17.8B
| $10.2M | 0.01% |
198,498
+8,707
| +5% | +$375K |
|
779
Booz Allen Hamilton
BAH
$9.4B
| $10.2M | 0.01% |
97,614
+72,798
| +293% | +$8.15M |
|
780
CALL
Kinross Gold
KGC
$31.7B
| $10.1M | 0.01% |
6,439
+1,313
| +26% | +$19.1K |
|
781
Genuine Parts
GPC
$18.6B
| $10M | 0.01% |
82,552
-27,866
| -25% | -$3.35M |
|
782
PUT
Royal Gold
RGLD
$19.2B
| $10M | 0.01% |
+563
| New | +$99.7K |
|
783
Cooper Companies
COO
$14.9B
| $9.95M | 0.01% |
139,812
-10,773
| -7% | -$825K |
|
784
PUT
MKS Inc
MKSI
$21.2B
| $9.94M | 0.01% |
+1,000
| New | +$81.3K |
|
785
CALL
Apollo Global Management
APO
$83.5B
| $9.93M | 0.01% |
+700
| New | +$92.8K |
|
786
CALL
Brookfield
BN
$109B
| $9.91M | 0.01% |
2,403
-1,113
| -32% | -$41.2K |
|
787
State Street Industrial Select Sector SPDR ETF
XLI
$34.7B
| $9.87M | 0.01% |
66,875
+46,114
| +222% | +$6.29M |
|
788
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.48B
| $9.86M | 0.01% |
267,000
+45,234
| +20% | +$1.63M |
|
789
Omnicom Group
OMC
$23.9B
| $9.86M | 0.01% |
136,995
+50,976
| +59% | +$3.77M |
|
790
Bunge Global
BG
$21.7B
| $9.83M | 0.01% |
122,422
-8,086
| -6% | -$636K |
|
791
Masco
MAS
$14.7B
| $9.63M | 0.01% |
149,680
-12,396
| -8% | -$781K |
|
792
Avery Dennison
AVY
$13.5B
| $9.61M | 0.01% |
54,785
-7,340
| -12% | -$1.29M |
|
793
PUT
Agnico Eagle Mines
AEM
$90.9B
| $9.61M | 0.01% |
807
-231
| -22% | -$26.8K |
|
794
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.6B
| $9.6M | 0.01% |
180,103
-58,626
| -25% | -$3.06M |
|
795
iShares Core US Aggregate Bond ETF
AGG
$138B
| $9.57M | 0.01% |
96,540
-124,995
| -56% | -$12.2M |
|
|
AMED
796
DELISTED
Amedisys
AMED
| $9.55M | 0.01% |
97,052
+20,565
| +27% | +$1.95M |
|
797
Mueller Industries
MLI
$14.9B
| $9.46M | 0.01% |
238,146
+3,268
| +1% | +$123K |
|
798
Owens Corning
OC
$12.4B
| $9.4M | 0.01% |
68,362
+45,860
| +204% | +$6.33M |
|
799
Conagra Brands
CAG
$7.37B
| $9.39M | 0.01% |
458,863
+88,839
| +24% | +$2.08M |
|
800
Dick's Sporting Goods
DKS
$18.1B
| $9.35M | 0.01% |
47,271
+2,053
| +5% | +$380K |
|
Similar funds
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.