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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 | |
|---|---|---|---|---|---|---|
1076
Pacer Global Cash Cows Dividend ETF
GCOW
$3.48B
| $2.74M | ﹤0.01% |
72,285
+6,114
| +9% | +$225K |
|
1077
Service Corp International
SCI
$11.3B
| $2.7M | ﹤0.01% |
33,187
+467
| +1% | +$36.5K |
|
1078
iShares US Aerospace & Defense ETF
ITA
$14.9B
| $2.69M | ﹤0.01% |
14,309
+1,333
| +10% | +$221K |
|
1079
iShares Semiconductor ETF
SOXX
$46.6B
| $2.69M | ﹤0.01% |
11,265
-30,700
| -73% | -$6.15M |
|
1080
State Street Utilities Select Sector SPDR ETF
XLU
$22.9B
| $2.68M | ﹤0.01% |
65,684
+15,446
| +31% | +$615K |
|
1081
Global X NASDAQ-100 Covered Call ETF
QYLD
$8.29B
| $2.68M | ﹤0.01% |
160,180
+17,597
| +12% | +$288K |
|
1082
iShares S&P 500 Growth ETF
IVW
$77.9B
| $2.67M | ﹤0.01% |
24,224
+546
| +2% | +$54K |
|
1083
CALL
Hertz
HTZ
$838M
| $2.65M | ﹤0.01% |
+3,884
| New | +$24.2K |
|
1084
CALL
D-Wave Quantum Inc. Common Stock
QBTS
$7.78B
| $2.65M | ﹤0.01% |
1,809
-286
| -14% | -$3.37K |
|
1085
Virtu Financial
VIRT
$5.05B
| $2.65M | ﹤0.01% |
59,113
+16,610
| +39% | +$670K |
|
1086
Anavex Life Sciences
AVXL
$303M
| $2.63M | ﹤0.01% |
285,285
+10,293
| +4% | +$87.9K |
|
1087
PUT
Pan American Silver
PAAS
$19.9B
| $2.62M | ﹤0.01% |
924
+671
| +265% | +$17.4K |
|
1088
PUT
Snap
SNAP
$8.96B
| $2.61M | ﹤0.01% |
+3,000
| New | +$24.9K |
|
1089
CALL
Brookfield Renewable
BEPC
$6.66B
| $2.6M | ﹤0.01% |
795
+116
| +17% | +$3.39K |
|
1090
PUT
Brookfield Asset Management
BAM
$89.2B
| $2.58M | ﹤0.01% |
467
+10
| +2% | +$537 |
|
1091
GSK
GSK
$101B
| $2.57M | ﹤0.01% |
66,952
+4,353
| +7% | +$166K |
|
1092
Mobileye
MBLY
$7.57B
| $2.53M | ﹤0.01% |
140,616
+139,634
| +14,219% | +$2.13M |
|
1093
Dutch Bros
BROS
$8.93B
| $2.53M | ﹤0.01% |
36,975
+17,353
| +88% | +$1.13M |
|
1094
State Street SPDR S&P Biotech ETF
XBI
$10.3B
| $2.53M | ﹤0.01% |
30,484
+20,854
| +217% | +$1.66M |
|
|
1095
PUT
Mobileye
MBLY
$7.57B
| $2.51M | ﹤0.01% |
1,397
| – | – |
|
1096
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.88B
| $2.51M | ﹤0.01% |
52,168
+1,197
| +2% | +$57.2K |
|
|
ARIS
1097
Aris Mining
ARIS
$3.59B
| $2.49M | ﹤0.01% |
373,723
-3,616
| -1% | -$21.4K |
|
1098
Nano X Imaging
NNOX
$73.2M
| $2.47M | ﹤0.01% |
477,330
+123,900
| +35% | +$631K |
|
|
1099
PUT
Nano X Imaging
NNOX
$73.2M
| $2.47M | ﹤0.01% |
4,773
-1,232
| -21% | -$6.28K |
|
1100
UBS Group
UBS
$176B
| $2.46M | ﹤0.01% |
70,869
-56,710
| -44% | -$1.75M |
|
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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.