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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 | |
|---|---|---|---|---|---|---|
1026
Liberty Live Group Series C
LLYVK
$9.92B
| $3.38M | ﹤0.01% |
41,686
+41,669
| +245,112% | +$3.07M |
|
1027
Aehr Test Systems
AEHR
$4.02B
| $3.37M | ﹤0.01% |
260,500
-34,400
| -12% | -$327K |
|
|
1028
PUT
Aehr Test Systems
AEHR
$4.02B
| $3.37M | ﹤0.01% |
2,605
-344
| -12% | -$3.27K |
|
1029
Extreme Networks
EXTR
$3.16B
| $3.37M | ﹤0.01% |
187,642
+642
| +0.3% | +$9.46K |
|
1030
Wyndham Hotels & Resorts
WH
$5.51B
| $3.36M | ﹤0.01% |
+41,400
| New | +$3.47M |
|
1031
HEICO Corp Class A
HEI.A
$38.1B
| $3.33M | ﹤0.01% |
12,885
+12,146
| +1,644% | +$2.66M |
|
|
AAUC
1032
Allied Gold Corp
AAUC
$3.19B
| $3.33M | ﹤0.01% |
+248,916
| New | +$3.52M |
|
1033
Ovintiv
OVV
$17.2B
| $3.28M | ﹤0.01% |
63,541
+13,606
| +27% | +$499K |
|
1034
PUT
Applied Digital
APLD
$8.81B
| $3.28M | ﹤0.01% |
3,254
+1,330
| +69% | +$9.81K |
|
1035
PUT
TC Energy
TRP
$65.8B
| $3.26M | ﹤0.01% |
669
+314
| +88% | +$15.4K |
|
1036
CALL
Pan American Silver
PAAS
$19.9B
| $3.26M | ﹤0.01% |
1,148
-1,207
| -51% | -$31.2K |
|
1037
Toast
TOST
$20.4B
| $3.25M | ﹤0.01% |
73,354
-681,722
| -90% | -$26.8M |
|
1038
Bath & Body Works
BBWI
$3.76B
| $3.23M | ﹤0.01% |
107,734
+107,733
| +10,773,300% | +$3.15M |
|
|
PULT
1039
DELISTED
Putnam ESG Ultra Short ETF
PULT
| $3.22M | ﹤0.01% |
+63,452
| New | +$3.21M |
|
1040
Coca-Cola Femsa
KOF
$22.9B
| $3.2M | ﹤0.01% |
33,134
+2,491
| +8% | +$236K |
|
|
EUAD
1041
Select STOXX Europe Aerospace & Defense ETF
EUAD
$1.24B
| $3.15M | ﹤0.01% |
73,176
+16,782
| +30% | +$628K |
|
|
SCHQ
1042
Schwab Long-Term US Treasury ETF
SCHQ
$798M
| $3.12M | ﹤0.01% |
+97,800
| New | +$3.08M |
|
1043
PUT
Cenovus Energy
CVE
$56.4B
| $3.12M | ﹤0.01% |
2,291
-276
| -11% | -$3.58K |
|
|
VG
1044
Venture Global Inc
VG
$33.9B
| $3.11M | ﹤0.01% |
+199,410
| New | +$2.31M |
|
1045
Sumitomo Mitsui Financial
SMFG
$167B
| $3.1M | ﹤0.01% |
205,071
+204,800
| +75,572% | +$2.94M |
|
1046
Invesco S&P Global Water Index ETF
CGW
$1.06B
| $3.05M | ﹤0.01% |
48,927
-11,618
| -19% | -$685K |
|
1047
iShares ESG Aware MSCI EM ETF
ESGE
$6.86B
| $3.05M | ﹤0.01% |
77,800
+77,611
| +41,064% | +$2.81M |
|
1048
RLI Corp
RLI
$5.87B
| $3.01M | ﹤0.01% |
41,674
+2,006
| +5% | +$150K |
|
1049
Madison Square Garden
MSGS
$9.94B
| $3M | ﹤0.01% |
14,377
-8,846
| -38% | -$1.7M |
|
1050
Symbotic
SYM
$5.43B
| $2.96M | ﹤0.01% |
76,178
+72,967
| +2,272% | +$1.91M |
|
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.