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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 | |
|---|---|---|---|---|---|---|
826
Woodward
WWD
$21.2B
| $8.48M | 0.01% |
+34,600
| New | +$7.08M |
|
|
827
PUT
Woodward
WWD
$21.2B
| $8.48M | 0.01% |
+346
| New | +$70.8K |
|
828
Fox Class A
FOXA
$27.4B
| $8.46M | 0.01% |
150,975
+22,451
| +17% | +$1.18M |
|
|
TEM
829
PUT
Tempus AI
TEM
$9.9B
| $8.43M | 0.01% |
1,326
-699
| -35% | -$40.1K |
|
830
Spotify
SPOT
$103B
| $8.4M | 0.01% |
10,951
+7,417
| +210% | +$4.76M |
|
831
JB Hunt Transport Services
JBHT
$26.6B
| $8.27M | 0.01% |
57,609
-4,770
| -8% | -$660K |
|
|
OKLO
832
CALL
Oklo
OKLO
$8.73B
| $8.19M | 0.01% |
1,462
+422
| +41% | +$16.3K |
|
833
Akamai
AKAM
$18B
| $8.16M | 0.01% |
102,256
-222,505
| -69% | -$17.3M |
|
834
PUT
Nutrien
NTR
$32B
| $8.14M | 0.01% |
1,398
+437
| +45% | +$24.7K |
|
835
Regency Centers
REG
$14.1B
| $8.13M | 0.01% |
114,131
-8,941
| -7% | -$639K |
|
|
TEM
836
CALL
Tempus AI
TEM
$9.9B
| $8.09M | 0.01% |
1,274
-506
| -28% | -$29K |
|
837
PUT
J.M. Smucker
SJM
$12.9B
| $8.06M | 0.01% |
+821
| New | +$90.3K |
|
838
Nordson
NDSN
$17.2B
| $8.02M | 0.01% |
37,420
-3,451
| -8% | -$687K |
|
839
Revvity
RVTY
$13.1B
| $7.97M | 0.01% |
82,415
+27,466
| +50% | +$2.59M |
|
840
C.H. Robinson
CHRW
$17.6B
| $7.94M | 0.01% |
82,771
+23,316
| +39% | +$2.18M |
|
841
iShares US Home Construction ETF
ITB
$2.37B
| $7.88M | 0.01% |
80,479
+76,961
| +2,188% | +$7.03M |
|
842
iShares Core S&P Mid-Cap ETF
IJH
$128B
| $7.87M | 0.01% |
126,789
+33,759
| +36% | +$1.98M |
|
843
PUT
Cintas
CTAS
$80.6B
| $7.85M | 0.01% |
+352
| New | +$75.8K |
|
844
News Corp Class A
NWSA
$15.6B
| $7.83M | 0.01% |
263,496
-21,543
| -8% | -$592K |
|
845
Skyworks Solutions
SWKS
$10.5B
| $7.83M | 0.01% |
105,071
-16,204
| -13% | -$1.08M |
|
846
Alexandria Real Estate Equities
ARE
$8.34B
| $7.82M | 0.01% |
107,621
-8,621
| -7% | -$640K |
|
847
Ciena
CIEN
$62.8B
| $7.79M | 0.01% |
95,781
+94,634
| +8,251% | +$6.79M |
|
848
PUT
Deckers Outdoor
DECK
$12.7B
| $7.76M | 0.01% |
+753
| New | +$83.4K |
|
849
iShares US Treasury Bond ETF
GOVT
$43.8B
| $7.75M | 0.01% |
337,644
+64,516
| +24% | +$1.47M |
|
|
LX
850
LexinFintech Holdings
LX
$236M
| $7.73M | 0.01% |
+1,071,700
| New | +$8.32M |
|
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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.