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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
+10.79%
1 Year Est. Return
+46.34%
3 Year Est. Return
+120.97%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$100B
AUM Growth
-$4.77B
(-4.5%)
Cap. Flow
-$14B
Cap. Flow
% of AUM
-13.98%
Top 10 Holdings %
Top 10 Hldgs %
28.48%
Holding
3,287
New
313
Increased
899
Reduced
1,215
Closed
454
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Strategy Inc
MSTR
|
+$548M |
| 2 |
FISV
Fiserv Inc
FISV
|
+$286M |
| 3 |
Amgen
AMGN
|
+$251M |
| 4 |
Palantir
PLTR
|
+$229M |
| 5 |
Royal Bank of Canada
RY
|
+$200M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.11B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$1.09B |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$702M |
| 4 |
Tesla
TSLA
|
+$636M |
| 5 |
Microsoft
MSFT
|
+$480M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.61% |
| 2 | Financials | 18.19% |
| 3 | Consumer Discretionary | 7.6% |
| 4 | Communication Services | 7.34% |
| 5 | Industrials | 6.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
851
Globe Life
GL
$14B
| $5.82M | 0.01% |
40,720
-7,904
| -16% | -$1.07M |
|
852
Applied Digital
APLD
$8.81B
| $5.81M | 0.01% |
253,200
+224,800
| +792% | +$3.33M |
|
853
Alliant Energy
LNT
$18.2B
| $5.81M | 0.01% |
86,145
-93,463
| -52% | -$6.03M |
|
854
Markel Group
MKL
$22.8B
| $5.79M | 0.01% |
3,028
+23
| +0.8% | +$45.1K |
|
855
iShares MSCI Intl Momentum Factor ETF
IMTM
$4.33B
| $5.79M | 0.01% |
120,956
+59,791
| +98% | +$2.77M |
|
856
Akamai
AKAM
$18B
| $5.72M | 0.01% |
75,557
-26,699
| -26% | -$2.06M |
|
857
Neogen
NEOG
$2.59B
| $5.71M | 0.01% |
1,000,412
+1,000,400
| +8,336,667% | +$5.34M |
|
858
Hasbro
HAS
$13.6B
| $5.71M | 0.01% |
75,272
-212,106
| -74% | -$16.5M |
|
859
Constellation Brands
STZ
$23.3B
| $5.66M | 0.01% |
42,032
-75,400
| -64% | -$12M |
|
860
Vanguard World Funds Extended Duration ETF
EDV
$3.49B
| $5.66M | 0.01% |
82,709
+9,637
| +13% | +$636K |
|
861
CALL
Cameco
CCJ
$42.6B
| $5.63M | 0.01% |
671
-911
| -58% | -$70.6K |
|
862
Fortive
FTV
$18.7B
| $5.61M | 0.01% |
114,492
-123,311
| -52% | -$6.08M |
|
863
AST SpaceMobile
ASTS
$21.4B
| $5.6M | 0.01% |
114,128
+113,796
| +34,276% | +$5.48M |
|
|
EFXT
864
Enerflex
EFXT
$2.62B
| $5.6M | 0.01% |
523,303
-273,719
| -34% | -$2.54M |
|
865
ROBO Global Robotics & Automation Index ETF
ROBO
$2.13B
| $5.56M | 0.01% |
84,781
+7,240
| +9% | +$458K |
|
866
JB Hunt Transport Services
JBHT
$26.5B
| $5.55M | 0.01% |
41,361
-16,248
| -28% | -$2.34M |
|
867
Gen Digital
GEN
$17.7B
| $5.5M | 0.01% |
193,841
-234,483
| -55% | -$7.01M |
|
868
iShares MSCI World ETF
URTH
$8.4B
| $5.41M | 0.01% |
29,789
+29,215
| +5,090% | +$5.11M |
|
869
TPG
TPG
$8.86B
| $5.4M | 0.01% |
93,915
+7,729
| +9% | +$456K |
|
870
Bio-Techne
TECH
$11.2B
| $5.33M | 0.01% |
95,808
-12,714
| -12% | -$681K |
|
871
iShares Core S&P Small-Cap ETF
IJR
$113B
| $5.29M | 0.01% |
44,513
+6,222
| +16% | +$716K |
|
872
Evergy
EVRG
$19.3B
| $5.29M | 0.01% |
68,832
-92,037
| -57% | -$6.56M |
|
873
Invesco S&P 500 Quality ETF
SPHQ
$20.1B
| $5.28M | 0.01% |
72,139
-5,981
| -8% | -$432K |
|
874
CALL
Wheaton Precious Metals
WPM
$59.9B
| $5.25M | 0.01% |
469
+253
| +117% | +$24.7K |
|
875
PUT
Canadian Imperial Bank of Commerce
CM
$112B
| $5.16M | 0.01% |
646
+375
| +138% | +$28.2K |
|
Similar funds
National Bank of Canada's Q3 2025 Portfolio in Review
As of Q3 2025, National Bank of Canada held 3,287 positions worth $100B, down 4.5% from $105B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
National Bank of Canada withdrew a net $14B in Q3 2025, closing 454 positions and reducing 1,215 holdings. Its most notable exit was Schwab US Broad Market ETF, an estimated $96.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 24% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, National Bank of Canada opened a new position in iShares MSCI Japan ETF worth $50.2M.
- National Bank of Canada's largest Q3 2025 buy was iShares MSCI Japan ETF: 625,300 shares worth $50.2M.
- National Bank of Canada added most to Strategy Inc in Q3 2025, an estimated $548M increase.
- National Bank of Canada's biggest Q3 2025 reduction was NVIDIA, cutting an estimated $1.11B.
- National Bank of Canada fully exited Schwab US Broad Market ETF in Q3 2025, selling an estimated $96.5M.
- National Bank of Canada's ten largest holdings make up 28% of its $100B portfolio in Q3 2025.
- National Bank of Canada opened 313 new positions and closed 454 in Q3 2025.
- National Bank of Canada's portfolio value fell 4.5% quarter-over-quarter to $100B.
Based on National Bank of Canada's 13F filing for Q3 2025, filed 14 Nov 2025.