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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 | |
|---|---|---|---|---|---|---|
926
Bio-Techne
TECH
$11.2B
| $5.58M | 0.01% |
108,522
+30,243
| +39% | +$1.52M |
|
927
Invesco S&P 500 Quality ETF
SPHQ
$20.1B
| $5.57M | 0.01% |
78,120
-2,270
| -3% | -$154K |
|
928
PUT
Ginkgo Bioworks
DNA
$488M
| $5.56M | 0.01% |
+4,940
| New | +$38.3K |
|
|
929
Ginkgo Bioworks
DNA
$488M
| $5.56M | 0.01% |
+493,900
| New | +$3.83M |
|
|
PARA
930
DELISTED
Paramount Global Class B
PARA
| $5.52M | 0.01% |
427,601
-28,105
| -6% | -$329K |
|
931
GlobalFoundries
GFS
$28.9B
| $5.51M | 0.01% |
144,181
+74,263
| +106% | +$2.69M |
|
932
PUT
BCE
BCE
$21.7B
| $5.46M | 0.01% |
2,465
+1,188
| +93% | +$26K |
|
933
Omega Healthcare
OHI
$13.9B
| $5.44M | 0.01% |
148,500
+138,670
| +1,411% | +$5.15M |
|
934
Diageo
DEO
$52.8B
| $5.42M | 0.01% |
53,730
+2,217
| +4% | +$241K |
|
935
Kinsale Capital Group
KNSL
$8.59B
| $5.41M | 0.01% |
11,177
-305
| -3% | -$142K |
|
936
CALL
Recursion Pharmaceuticals
RXRX
$1.78B
| $5.35M | 0.01% |
+10,576
| New | +$52K |
|
937
Armstrong World Industries
AWI
$7.68B
| $5.34M | 0.01% |
+32,900
| New | +$4.89M |
|
|
EMA
938
CALL
Emera Inc
EMA
$15.8B
| $5.3M | 0.01% |
+1,158
| New | +$52K |
|
939
A.O. Smith
AOS
$8.49B
| $5.29M | 0.01% |
80,629
-9,972
| -11% | -$652K |
|
940
Lamb Weston
LW
$7.39B
| $5.28M | 0.01% |
101,752
+20,324
| +25% | +$1.09M |
|
941
Jefferies Financial Group
JEF
$12.9B
| $5.25M | 0.01% |
96,042
-29,296
| -23% | -$1.45M |
|
|
PRMB
942
Primo Brands
PRMB
$8.97B
| $5.23M | 0.01% |
176,713
+171,954
| +3,613% | +$5.5M |
|
|
DAY
943
DELISTED
Dayforce
DAY
| $5.23M | 0.01% |
94,476
+26,806
| +40% | +$1.53M |
|
944
H&R Block
HRB
$6.76B
| $5.17M | ﹤0.01% |
94,197
+90,147
| +2,226% | +$5.21M |
|
|
TGI
945
DELISTED
Triumph Group
TGI
| $5.15M | ﹤0.01% |
200,000
-110,000
| -35% | -$2.8M |
|
946
Franklin Resources
BEN
$17.2B
| $5.13M | ﹤0.01% |
214,992
-18,954
| -8% | -$391K |
|
947
Sprott Uranium Miners ETF
URNM
$2B
| $5.08M | ﹤0.01% |
106,051
+101,040
| +2,016% | +$3.83M |
|
948
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$815B
| $5.07M | ﹤0.01% |
82
-236
| -74% | -$135K |
|
949
PUT
Red Cat Holdings
RCAT
$1.56B
| $5.04M | ﹤0.01% |
6,929
-1,228
| -15% | -$8.02K |
|
950
PUT
KULR Technology Group
KULR
$137M
| $5.04M | ﹤0.01% |
+7,073
| New | +$67.1K |
|
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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.