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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 | |
|---|---|---|---|---|---|---|
951
CALL
Quantum Computing Inc
QUBT
$2.02B
| $5M | ﹤0.01% |
2,610
+2,340
| +867% | +$25.8K |
|
952
MGM Resorts International
MGM
$11.1B
| $4.98M | ﹤0.01% |
144,937
-25,334
| -15% | -$803K |
|
953
Invesco Semiconductors ETF
PSI
$2.59B
| $4.94M | ﹤0.01% |
82,405
+3,373
| +4% | +$170K |
|
954
Vanguard World Funds Extended Duration ETF
EDV
$3.49B
| $4.92M | ﹤0.01% |
73,072
+62,979
| +624% | +$4.16M |
|
955
Rio Tinto
RIO
$160B
| $4.91M | ﹤0.01% |
84,238
+4,923
| +6% | +$291K |
|
956
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $4.91M | ﹤0.01% |
60,696
-602
| -1% | -$48.8K |
|
|
ORLA
957
DELISTED
Orla Mining
ORLA
| $4.89M | ﹤0.01% |
493,815
+21,623
| +5% | +$225K |
|
958
iShares China Large-Cap ETF
FXI
$4.16B
| $4.79M | ﹤0.01% |
130,408
-5,154,926
| -98% | -$181M |
|
959
Albemarle
ALB
$15.4B
| $4.75M | ﹤0.01% |
75,828
+24,278
| +47% | +$1.44M |
|
960
ATI
ATI
$30.9B
| $4.75M | ﹤0.01% |
+55,000
| New | +$3.76M |
|
961
Global X US Infrastructure Development ETF
PAVE
$14.3B
| $4.73M | ﹤0.01% |
108,614
+2,553
| +2% | +$102K |
|
|
BNT
962
Brookfield Wealth Solutions
BNT
$12.3B
| $4.67M | ﹤0.01% |
113,870
-272,823
| -71% | -$10.1M |
|
963
ROBO Global Robotics & Automation Index ETF
ROBO
$2.13B
| $4.63M | ﹤0.01% |
77,541
-566
| -0.7% | -$30.3K |
|
964
TotalEnergies
TTE
$193B
| $4.62M | ﹤0.01% |
75,380
+2,993
| +4% | +$178K |
|
965
TPG
TPG
$8.86B
| $4.52M | ﹤0.01% |
86,186
+25,421
| +42% | +$1.22M |
|
966
iShares MSCI Emerging Markets Asia ETF
EEMA
$871M
| $4.49M | ﹤0.01% |
54,450
+48,220
| +774% | +$3.67M |
|
967
BJ's Restaurants
BJRI
$1.42B
| $4.46M | ﹤0.01% |
100,000
| – | – |
|
968
TechnipFMC
FTI
$30.1B
| $4.46M | ﹤0.01% |
+129,500
| New | +$3.91M |
|
|
MAG
969
DELISTED
MAG Silver
MAG
| $4.44M | ﹤0.01% |
210,113
-3,701
| -2% | -$65.8K |
|
970
Match Group
MTCH
$8.56B
| $4.43M | ﹤0.01% |
143,349
+46,077
| +47% | +$1.38M |
|
|
SOBO
971
CALL
South Bow Corp
SOBO
$7.64B
| $4.41M | ﹤0.01% |
1,698
+1,539
| +968% | +$39.2K |
|
972
Vanguard Morningstar Small-Cap ETF
VB
$83.4B
| $4.36M | ﹤0.01% |
18,379
-12,807
| -41% | -$2.86M |
|
973
Duolingo
DUOL
$6.74B
| $4.35M | ﹤0.01% |
10,612
+6,312
| +147% | +$2.77M |
|
974
Federal Realty Investment Trust
FRT
$10.3B
| $4.34M | ﹤0.01% |
45,725
-4,067
| -8% | -$384K |
|
975
Baytex Energy
BTE
$3B
| $4.34M | ﹤0.01% |
2,430,944
+654,389
| +37% | +$1.14M |
|
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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.