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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
-3.11%
1 Year Est. Return
+46.34%
3 Year Est. Return
+120.97%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$95.5B
AUM Growth
+$1.11B
(+1.2%)
Cap. Flow
+$7.77B
Cap. Flow
% of AUM
8.14%
Top 10 Holdings %
Top 10 Hldgs %
25.01%
Holding
3,248
New
337
Increased
1,070
Reduced
980
Closed
415
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.85B |
| 2 |
Apple
AAPL
|
+$1.72B |
| 3 |
Microsoft
MSFT
|
+$1.17B |
| 4 |
Amazon
AMZN
|
+$1.09B |
| 5 |
NVIDIA
NVDA
|
+$872M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$397M |
| 2 |
Suncor Energy
SU
|
+$387M |
| 3 |
Strategy Inc
MSTR
|
+$340M |
| 4 |
Enbridge
ENB
|
+$269M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$254M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.54% |
| 2 | Financials | 18.94% |
| 3 | Consumer Discretionary | 8.9% |
| 4 | Industrials | 7.28% |
| 5 | Communication Services | 7.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
801
Reinsurance Group of America
RGA
$16.4B
| $7.58M | 0.01% |
38,490
+9,151
| +31% | +$1.9M |
|
802
Fortuna Silver Mines
FSM
$3.1B
| $7.51M | 0.01% |
1,238,507
+360,488
| +41% | +$1.79M |
|
803
Nu Holdings
NU
$67.3B
| $7.43M | 0.01% |
726,110
+68,121
| +10% | +$805K |
|
804
First Majestic Silver
AG
$9.26B
| $7.36M | 0.01% |
1,100,597
+284,309
| +35% | +$1.69M |
|
805
Incyte
INCY
$24.4B
| $7.34M | 0.01% |
121,210
+46,294
| +62% | +$3.23M |
|
806
LKQ Corp
LKQ
$6.38B
| $7.33M | 0.01% |
172,271
+47,144
| +38% | +$1.87M |
|
807
Jabil
JBL
$38.8B
| $7.31M | 0.01% |
53,731
+16,702
| +45% | +$2.57M |
|
808
Fox Class A
FOXA
$27.5B
| $7.27M | 0.01% |
128,524
+68,808
| +115% | +$3.64M |
|
809
Blue Owl Capital
OWL
$19.7B
| $7.23M | 0.01% |
361,019
-517
| -0.1% | -$11.6K |
|
810
EPAM Systems
EPAM
$5.24B
| $7.18M | 0.01% |
42,506
+16,235
| +62% | +$3.58M |
|
811
Aecom
ACM
$8.19B
| $7.17M | 0.01% |
77,335
+3,861
| +5% | +$392K |
|
812
Globe Life
GL
$14B
| $7.15M | 0.01% |
54,273
+2,182
| +4% | +$267K |
|
813
Omnicom Group
OMC
$24.2B
| $7.13M | 0.01% |
86,019
-8,109
| -9% | -$677K |
|
814
Legend Biotech
LEGN
$3.93B
| $7.13M | 0.01% |
+210,100
| New | +$7.53M |
|
815
BHP
BHP
$222B
| $7.1M | 0.01% |
146,367
-18,442
| -11% | -$918K |
|
|
AMED
816
DELISTED
Amedisys
AMED
| $7.08M | 0.01% |
76,487
+2,087
| +3% | +$192K |
|
817
Vanguard Short-Term Treasury ETF
VGSH
$30.2B
| $6.96M | 0.01% |
118,505
-23,043
| -16% | -$1.34M |
|
818
iShare MSCI Eurozone ETF
EZU
$9.96B
| $6.95M | 0.01% |
130,497
+10,496
| +9% | +$545K |
|
819
Hormel Foods
HRL
$13.4B
| $6.93M | 0.01% |
224,138
+86,245
| +63% | +$2.56M |
|
820
GXO Logistics
GXO
$5.56B
| $6.92M | 0.01% |
176,998
-7,885
| -4% | -$329K |
|
821
Vanguard Morningstar Small-Cap ETF
VB
$83.4B
| $6.92M | 0.01% |
31,186
+14,299
| +85% | +$3.41M |
|
822
Compañía de Minas Buenaventura
BVN
$8.55B
| $6.81M | 0.01% |
435,640
-8,967
| -2% | -$121K |
|
823
Melco Resorts & Entertainment
MLCO
$2.14B
| $6.8M | 0.01% |
1,290,906
+1,290,899
| +18,441,414% | +$7.27M |
|
824
Erie Indemnity
ERIE
$13.4B
| $6.8M | 0.01% |
16,231
+4,550
| +39% | +$1.86M |
|
825
Grupo Aeroportuario Centro Norte
OMAB
$5.19B
| $6.8M | 0.01% |
86,480
-29,555
| -25% | -$2.29M |
|
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National Bank of Canada's Q1 2025 Portfolio in Review
As of Q1 2025, National Bank of Canada held 3,248 positions worth $95.5B, up 1.2% from $94.4B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
National Bank of Canada deployed $7.77B of net new capital in Q1 2025, opening 337 new positions and adding to 1,070 existing holdings. Its largest new stake was Futu Holdings: 594,502 shares worth $60.8M.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 22% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Micron Technology, an estimated $397M trimmed.
- National Bank of Canada's largest Q1 2025 buy was Futu Holdings: 594,502 shares worth $60.8M.
- National Bank of Canada added most to Tesla in Q1 2025, an estimated $1.85B increase.
- National Bank of Canada's biggest Q1 2025 reduction was Micron Technology, cutting an estimated $397M.
- National Bank of Canada fully exited Kanzhun in Q1 2025, selling an estimated $36M.
- National Bank of Canada's ten largest holdings make up 25% of its $95.5B portfolio in Q1 2025.
- National Bank of Canada opened 337 new positions and closed 415 in Q1 2025.
- National Bank of Canada's portfolio value rose 1.2% quarter-over-quarter to $95.5B.
Based on National Bank of Canada's 13F filing for Q1 2025, filed 12 May 2025.