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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 | |
|---|---|---|---|---|---|---|
|
EFXT
901
Enerflex
EFXT
$2.62B
| $6.28M | 0.01% |
797,022
+350,446
| +78% | +$2.51M |
|
902
HSBC
HSBC
$358B
| $6.26M | 0.01% |
103,087
+85,026
| +471% | +$4.84M |
|
903
Hormel Foods
HRL
$13.4B
| $6.21M | 0.01% |
205,175
-18,963
| -8% | -$572K |
|
|
GLXY
904
Galaxy Digital Inc
GLXY
$4.07B
| $6.2M | 0.01% |
+216,223
| New | +$4.39M |
|
905
Eastman Chemical
EMN
$8.43B
| $6.16M | 0.01% |
82,560
-6,690
| -7% | -$526K |
|
906
Wynn Resorts
WYNN
$10.5B
| $6.15M | 0.01% |
65,692
-4,419
| -6% | -$375K |
|
907
CoreCivic
CXW
$3.13B
| $6.13M | 0.01% |
291,000
-273,000
| -48% | -$5.89M |
|
908
Norwegian Cruise Line
NCLH
$8.98B
| $6.08M | 0.01% |
299,612
+74,539
| +33% | +$1.33M |
|
909
CALL
Franco-Nevada
FNV
$44.7B
| $6.06M | 0.01% |
369
+224
| +154% | +$37.1K |
|
910
Erie Indemnity
ERIE
$13.4B
| $6.05M | 0.01% |
17,433
+1,202
| +7% | +$446K |
|
911
Globe Life
GL
$14B
| $6.04M | 0.01% |
48,624
-5,649
| -10% | -$686K |
|
|
GRP.U
912
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $6.03M | 0.01% |
118,898
-10,418
| -8% | -$497K |
|
913
Markel Group
MKL
$22.8B
| $6M | 0.01% |
3,005
+144
| +5% | +$270K |
|
914
PUT
Cameco
CCJ
$42.6B
| $5.95M | 0.01% |
802
+616
| +331% | +$32.9K |
|
915
Hecla Mining
HL
$11.9B
| $5.94M | 0.01% |
991,273
-81,203
| -8% | -$448K |
|
916
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.12B
| $5.93M | 0.01% |
202,480
-18,905
| -9% | -$538K |
|
917
FMC
FMC
$1.27B
| $5.87M | 0.01% |
140,692
+140,591
| +139,199% | +$5.58M |
|
|
918
PUT
FMC
FMC
$1.27B
| $5.87M | 0.01% |
+1,406
| New | +$55.9K |
|
919
First Trust NASDAQ Cybersecurity ETF
CIBR
$16B
| $5.76M | 0.01% |
76,198
+3,929
| +5% | +$269K |
|
920
Tetra Tech
TTEK
$9.33B
| $5.71M | 0.01% |
158,688
-53,774
| -25% | -$1.79M |
|
921
LKQ Corp
LKQ
$6.38B
| $5.7M | 0.01% |
153,992
-18,279
| -11% | -$729K |
|
922
PUT
Recursion Pharmaceuticals
RXRX
$1.78B
| $5.66M | 0.01% |
11,182
+10,478
| +1,488% | +$51.5K |
|
923
BHP
BHP
$222B
| $5.63M | 0.01% |
117,056
-29,311
| -20% | -$1.41M |
|
|
B
924
PUT
Barrick Mining
B
$67.3B
| $5.6M | 0.01% |
2,691
+1,727
| +179% | +$33.8K |
|
925
iShares MSCI EAFE ETF
EFA
$80.3B
| $5.6M | 0.01% |
62,622
-58,368
| -48% | -$4.98M |
|
Similar funds
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.