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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 | |
|---|---|---|---|---|---|---|
976
Equitable Holdings
EQH
$14.4B
| $4.32M | ﹤0.01% |
76,954
+33,015
| +75% | +$1.7M |
|
977
Xtrackers S&P 500 ESG ETF
SNPE
$2.8B
| $4.3M | ﹤0.01% |
+77,700
| New | +$3.97M |
|
978
NXP Semiconductors
NXPI
$58.5B
| $4.28M | ﹤0.01% |
19,575
-39,270
| -67% | -$7.67M |
|
979
Enphase Energy
ENPH
$5.39B
| $4.23M | ﹤0.01% |
106,738
-277,647
| -72% | -$12.8M |
|
980
JetBlue
JBLU
$2.19B
| $4.23M | ﹤0.01% |
1,000,420
+314
| +0% | +$1.41K |
|
981
iShares MSCI India ETF
INDA
$6.58B
| $4.21M | ﹤0.01% |
75,639
-580
| -0.8% | -$31K |
|
982
Toyota
TM
$223B
| $4.2M | ﹤0.01% |
24,424
+906
| +4% | +$164K |
|
983
iShares Core S&P Small-Cap ETF
IJR
$113B
| $4.18M | ﹤0.01% |
38,291
-2,726
| -7% | -$282K |
|
984
Campbell Soup
CPB
$6.94B
| $4.18M | ﹤0.01% |
136,508
+35,604
| +35% | +$1.25M |
|
985
CleanSpark
CLSK
$2.96B
| $4.18M | ﹤0.01% |
378,700
| – | – |
|
|
986
PUT
CleanSpark
CLSK
$2.96B
| $4.18M | ﹤0.01% |
3,787
| – | – |
|
987
GeneDx Holdings
WGS
$2.36B
| $4.15M | ﹤0.01% |
45,000
| – | – |
|
988
CALL
Rigetti Computing
RGTI
$6.21B
| $4.15M | ﹤0.01% |
3,502
+1,340
| +62% | +$14.1K |
|
989
StepStone Group
STEP
$4.28B
| $4.13M | ﹤0.01% |
74,407
+12,237
| +20% | +$655K |
|
990
First Trust Water ETF
FIW
$1.92B
| $4M | ﹤0.01% |
36,988
-410
| -1% | -$42.2K |
|
991
Vanguard Health Care ETF
VHT
$19B
| $3.99M | ﹤0.01% |
16,057
-225
| -1% | -$55.6K |
|
|
KC
992
Kingsoft Cloud Holdings
KC
$3.42B
| $3.97M | ﹤0.01% |
317,425
+317,200
| +140,978% | +$4.1M |
|
|
KC
993
PUT
Kingsoft Cloud Holdings
KC
$3.42B
| $3.97M | ﹤0.01% |
+3,174
| New | +$41.1K |
|
994
Nu Holdings
NU
$67.3B
| $3.97M | ﹤0.01% |
289,547
-436,563
| -60% | -$5.23M |
|
995
Invesco QQQ Trust
QQQ
$487B
| $3.94M | ﹤0.01% |
7,136
-213,362
| -97% | -$106M |
|
996
West Fraser Timber
WFG
$5.45B
| $3.93M | ﹤0.01% |
53,657
+9,298
| +21% | +$691K |
|
997
Flowserve
FLS
$10.3B
| $3.93M | ﹤0.01% |
75,091
+62,044
| +476% | +$2.92M |
|
998
SEALSQ Corp
LAES
$633M
| $3.93M | ﹤0.01% |
975,100
+594,700
| +156% | +$1.83M |
|
|
999
PUT
SEALSQ Corp
LAES
$633M
| $3.93M | ﹤0.01% |
9,751
+5,947
| +156% | +$18.3K |
|
1000
CALL
Teck Resources
TECK
$31.3B
| $3.92M | ﹤0.01% |
970
-233
| -19% | -$8.42K |
|
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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.