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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 | |
|---|---|---|---|---|---|---|
|
CGAU
1001
Centerra Gold
CGAU
$4.15B
| $3.89M | ﹤0.01% |
543,311
-18,243
| -3% | -$125K |
|
1002
Green Brick Partners
GRBK
$3.04B
| $3.86M | ﹤0.01% |
+61,392
| New | +$3.64M |
|
1003
APA Corp
APA
$14B
| $3.86M | ﹤0.01% |
210,874
+56,121
| +36% | +$973K |
|
1004
Interactive Brokers
IBKR
$41.4B
| $3.83M | ﹤0.01% |
69,108
+34,584
| +100% | +$1.64M |
|
1005
Mohawk Industries
MHK
$9.42B
| $3.79M | ﹤0.01% |
36,192
-3,167
| -8% | -$330K |
|
1006
Antero Resources
AR
$11.3B
| $3.78M | ﹤0.01% |
+93,930
| New | +$3.56M |
|
1007
PUT
Anavex Life Sciences
AVXL
$303M
| $3.78M | ﹤0.01% |
4,095
+1,354
| +49% | +$11.6K |
|
1008
NexGen Energy
NXE
$6.97B
| $3.69M | ﹤0.01% |
534,523
+159,070
| +42% | +$898K |
|
1009
VanEck Environmental Services ETF
EVX
$102M
| $3.67M | ﹤0.01% |
96,044
+32,309
| +51% | +$1.17M |
|
1010
Universal Display
OLED
$4.18B
| $3.66M | ﹤0.01% |
23,671
+23,458
| +11,013% | +$3.28M |
|
1011
Vertiv
VRT
$111B
| $3.65M | ﹤0.01% |
28,478
+15,827
| +125% | +$1.54M |
|
1012
British American Tobacco
BTI
$124B
| $3.65M | ﹤0.01% |
77,157
-4,931
| -6% | -$218K |
|
1013
Vanguard Intermediate-Term Treasury ETF
VGIT
$42.5B
| $3.65M | ﹤0.01% |
61,040
+59,508
| +3,884% | +$3.52M |
|
1014
PUT
D-Wave Quantum Inc. Common Stock
QBTS
$7.78B
| $3.59M | ﹤0.01% |
2,455
-2,074
| -46% | -$24.4K |
|
1015
PUT
Beyond Meat
BYND
$210M
| $3.58M | ﹤0.01% |
10,259
-495
| -5% | -$1.43K |
|
1016
Lightspeed Commerce
LSPD
$1.42B
| $3.49M | ﹤0.01% |
300,956
-728,403
| -71% | -$7.5M |
|
|
TIGR
1017
UP Fintech Holding
TIGR
$833M
| $3.47M | ﹤0.01% |
359,120
+359,000
| +299,167% | +$3M |
|
1018
State Street Energy Select Sector SPDR ETF
XLE
$39.9B
| $3.42M | ﹤0.01% |
80,612
-3,606
| -4% | -$150K |
|
1019
iShares MSCI Agriculture Producers ETF
VEGI
$147M
| $3.42M | ﹤0.01% |
84,858
-223
| -0.3% | -$8.63K |
|
1020
Rigetti Computing
RGTI
$6.21B
| $3.41M | ﹤0.01% |
287,714
-298,445
| -51% | -$3.15M |
|
1021
iShares US Healthcare ETF
IYH
$3.77B
| $3.4M | ﹤0.01% |
60,260
+1,910
| +3% | +$108K |
|
|
WCN
1022
PUT
Waste Connections
WCN
$41.6B
| $3.4M | ﹤0.01% |
182
-35
| -16% | -$6.74K |
|
1023
OR Royalties Inc
OR
$6.15B
| $3.39M | ﹤0.01% |
142,048
-951,962
| -87% | -$22.9M |
|
1024
Archer Aviation
ACHR
$5.37B
| $3.38M | ﹤0.01% |
311,900
+298,643
| +2,253% | +$2.79M |
|
|
1025
PUT
Archer Aviation
ACHR
$5.37B
| $3.38M | ﹤0.01% |
+3,119
| New | +$29.2K |
|
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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.