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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 | |
|---|---|---|---|---|---|---|
1051
Amer Sports
AS
$19.3B
| $2.95M | ﹤0.01% |
76,139
+75,994
| +52,410% | +$2.34M |
|
1052
Brown-Forman Class B
BF.B
$12.9B
| $2.94M | ﹤0.01% |
109,084
+28,146
| +35% | +$903K |
|
|
EXK
1053
Endeavour Silver
EXK
$3.05B
| $2.93M | ﹤0.01% |
595,755
+42,349
| +8% | +$167K |
|
1054
Invesco S&P 500 Momentum ETF
SPMO
$22.3B
| $2.89M | ﹤0.01% |
25,734
+1,694
| +7% | +$169K |
|
1055
National Grid
NGG
$81.6B
| $2.89M | ﹤0.01% |
39,404
-116,047
| -75% | -$7.97M |
|
1056
PUT
Canadian National Railway
CNI
$77.2B
| $2.89M | ﹤0.01% |
277
-76
| -22% | -$7.73K |
|
1057
Lyft
LYFT
$6.48B
| $2.88M | ﹤0.01% |
182,792
-1,117,490
| -86% | -$15.7M |
|
1058
Sony
SONY
$138B
| $2.88M | ﹤0.01% |
+110,614
| New | +$2.77M |
|
1059
Pacer US Small Cap Cash Cows 100 ETF
CALF
$3.9B
| $2.87M | ﹤0.01% |
72,146
+2,751
| +4% | +$103K |
|
1060
PUT
Symbotic
SYM
$5.43B
| $2.87M | ﹤0.01% |
738
-1,834
| -71% | -$48K |
|
1061
Invesco NASDAQ 100 ETF
QQQM
$104B
| $2.85M | ﹤0.01% |
12,561
+12,170
| +3,113% | +$2.49M |
|
1062
iShares S&P 100 ETF
OEF
$20.6B
| $2.84M | ﹤0.01% |
9,342
-397
| -4% | -$111K |
|
1063
Snap
SNAP
$8.96B
| $2.83M | ﹤0.01% |
325,953
+300,921
| +1,202% | +$2.5M |
|
1064
iShares Convertible Bond ETF
ICVT
$7.64B
| $2.82M | ﹤0.01% |
31,300
-12,200
| -28% | -$1.05M |
|
1065
PUT
Capricor Therapeutics
CAPR
$244M
| $2.81M | ﹤0.01% |
+2,834
| New | +$29.9K |
|
|
HDV
1066
iShares Core High Dividend ETF
HDV
$15.1B
| $2.81M | ﹤0.01% |
120,030
+2,460
| +2% | +$56.7K |
|
1067
iShares MSCI Intl Momentum Factor ETF
IMTM
$4.33B
| $2.79M | ﹤0.01% |
61,165
+28,797
| +89% | +$1.23M |
|
1068
Children's Place
PLCE
$53.4M
| $2.78M | ﹤0.01% |
+627,100
| New | +$3.53M |
|
|
1069
PUT
Children's Place
PLCE
$53.4M
| $2.78M | ﹤0.01% |
+6,271
| New | +$35.3K |
|
1070
GameStop
GME
$8.33B
| $2.77M | ﹤0.01% |
113,600
-672,006
| -86% | -$18M |
|
|
1071
PUT
GameStop
GME
$8.33B
| $2.77M | ﹤0.01% |
1,136
-6,720
| -86% | -$180K |
|
1072
CALL
Red Cat Holdings
RCAT
$1.56B
| $2.77M | ﹤0.01% |
+3,805
| New | +$24.8K |
|
1073
VanEck Semiconductor ETF
SMH
$72.5B
| $2.76M | ﹤0.01% |
9,907
+789
| +9% | +$183K |
|
1074
DigitalBridge
DBRG
$2.94B
| $2.75M | ﹤0.01% |
265,537
+81,680
| +44% | +$779K |
|
1075
CALL
Applied Digital
APLD
$8.81B
| $2.75M | ﹤0.01% |
+2,727
| New | +$20.1K |
|
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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.