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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 | |
|---|---|---|---|---|---|---|
|
CLBR
801
DELISTED
Colombier Acquisition Corp II
CLBR
| $9.28M | 0.01% |
600,466
+590,839
| +6,137% | +$7.74M |
|
|
CLBR
802
PUT
DELISTED
Colombier Acquisition Corp II
CLBR
| $9.28M | 0.01% |
+6,000
| New | +$78.6K |
|
803
IDEX
IEX
$17.6B
| $9.27M | 0.01% |
52,786
-4,775
| -8% | -$847K |
|
804
Coeur Mining
CDE
$18.9B
| $9.26M | 0.01% |
1,045,420
-242,581
| -19% | -$1.77M |
|
805
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $9.25M | 0.01% |
111,637
+9,485
| +9% | +$783K |
|
806
The GEO Group
GEO
$4.02B
| $9.17M | 0.01% |
382,797
-693,273
| -64% | -$18.9M |
|
807
Jack Henry & Associates
JKHY
$11.1B
| $9.16M | 0.01% |
50,865
+14,698
| +41% | +$2.61M |
|
808
ING
ING
$102B
| $9.16M | 0.01% |
419,174
+14,073
| +3% | +$284K |
|
809
State Street SPDR S&P Regional Banking ETF
KRE
$4.66B
| $9.12M | 0.01% |
153,487
+134,745
| +719% | +$7.5M |
|
810
Paycom
PAYC
$10B
| $9.11M | 0.01% |
39,370
+11,000
| +39% | +$2.61M |
|
811
Atlassian
TEAM
$41.9B
| $9.01M | 0.01% |
44,344
+22,713
| +105% | +$4.73M |
|
|
SKX
812
DELISTED
Skechers
SKX
| $8.95M | 0.01% |
141,766
+139,366
| +5,807% | +$8M |
|
813
Vanguard Short-Term Bond ETF
BSV
$45.7B
| $8.94M | 0.01% |
113,649
-25,416
| -18% | -$1.99M |
|
814
iShares MSCI USA Quality Factor ETF
QUAL
$48.4B
| $8.88M | 0.01% |
48,579
+2,903
| +6% | +$501K |
|
815
PUT
ON Semiconductor
ON
$31.9B
| $8.86M | 0.01% |
+1,690
| New | +$73.5K |
|
816
Ferrari
RACE
$72.5B
| $8.84M | 0.01% |
18,014
+13,565
| +305% | +$6.3M |
|
817
CALL
Alphabet (Google) Class C
GOOG
$4.21T
| $8.81M | 0.01% |
+500
| New | +$82.6K |
|
818
SSR Mining
SSRM
$6.49B
| $8.76M | 0.01% |
689,365
+46,701
| +7% | +$527K |
|
819
Novartis
NVS
$288B
| $8.69M | 0.01% |
71,204
+23,733
| +50% | +$2.67M |
|
820
Blue Owl Capital
OWL
$19.8B
| $8.65M | 0.01% |
450,564
+89,545
| +25% | +$1.66M |
|
821
UDR
UDR
$12.2B
| $8.6M | 0.01% |
210,601
-16,374
| -7% | -$678K |
|
822
TKO Group
TKO
$14.5B
| $8.53M | 0.01% |
46,877
-5,116
| -10% | -$822K |
|
823
Healthpeak Properties
DOC
$14.3B
| $8.51M | 0.01% |
485,784
-42,137
| -8% | -$748K |
|
824
BlackLine
BL
$1.82B
| $8.49M | 0.01% |
+150,000
| New | +$7.75M |
|
|
825
PUT
BlackLine
BL
$1.82B
| $8.49M | 0.01% |
+1,500
| New | +$77.5K |
|
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.