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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 | |
|---|---|---|---|---|---|---|
1101
Vanguard Morningstar Mid-Cap ETF
VO
$111B
| $2.44M | ﹤0.01% |
34,912
-366,168
| -91% | -$24M |
|
1102
Manhattan Associates
MANH
$11.7B
| $2.43M | ﹤0.01% |
12,300
+12,024
| +4,357% | +$2.18M |
|
1103
Methanex
MEOH
$4.19B
| $2.42M | ﹤0.01% |
73,230
+9,738
| +15% | +$314K |
|
1104
PUT
Brookfield
BN
$111B
| $2.41M | ﹤0.01% |
585
-14
| -2% | -$519 |
|
1105
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.6B
| $2.41M | ﹤0.01% |
71,837
+71,800
| +194,054% | +$2.38M |
|
|
NBIS
1106
Nebius Group N.V.
NBIS
$69.3B
| $2.41M | ﹤0.01% |
+43,500
| New | +$1.5M |
|
|
NBIS
1107
PUT
Nebius Group N.V.
NBIS
$69.3B
| $2.41M | ﹤0.01% |
+435
| New | +$15K |
|
1108
Bruker
BRKR
$8.83B
| $2.39M | ﹤0.01% |
58,000
+4,479
| +8% | +$173K |
|
1109
iShares US Telecommunications ETF
IYZ
$1.24B
| $2.38M | ﹤0.01% |
79,903
-7,424
| -9% | -$204K |
|
1110
Schwab US TIPS ETF
SCHP
$16.2B
| $2.33M | ﹤0.01% |
87,228
+1,047
| +1% | +$27.7K |
|
1111
Saia
SAIA
$10.1B
| $2.32M | ﹤0.01% |
8,468
+8,349
| +7,016% | +$2.38M |
|
1112
PUT
BigBear.ai
BBAI
$1.6B
| $2.3M | ﹤0.01% |
3,384
+1,302
| +63% | +$4.71K |
|
1113
Allison Transmission
ALSN
$10.2B
| $2.3M | ﹤0.01% |
24,185
-3,278
| -12% | -$317K |
|
|
1114
BigBear.ai
BBAI
$1.6B
| $2.3M | ﹤0.01% |
338,216
+337,841
| +90,091% | +$1.22M |
|
1115
Sibanye-Stillwater
SBSW
$7.42B
| $2.29M | ﹤0.01% |
317,714
+312,114
| +5,573% | +$1.71M |
|
1116
iShares Expanded Tech Sector ETF
IGM
$10.9B
| $2.29M | ﹤0.01% |
20,363
-454
| -2% | -$44.6K |
|
1117
Red Cat Holdings
RCAT
$1.56B
| $2.27M | ﹤0.01% |
312,400
-503,300
| -62% | -$3.29M |
|
1118
News Corp Class B
NWS
$17.8B
| $2.27M | ﹤0.01% |
66,103
-6,381
| -9% | -$202K |
|
|
SNV
1119
DELISTED
Synovus
SNV
| $2.27M | ﹤0.01% |
+43,779
| New | +$2.01M |
|
1120
Global X Defense Tech ETF
SHLD
$7.76B
| $2.26M | ﹤0.01% |
37,478
+19,528
| +109% | +$1.05M |
|
1121
PUT
Virgin Galactic
SPCE
$475M
| $2.24M | ﹤0.01% |
+8,195
| New | +$25.1K |
|
|
1122
Virgin Galactic
SPCE
$475M
| $2.24M | ﹤0.01% |
818,792
+818,680
| +730,964% | +$2.51M |
|
1123
Invesco Emerging Markets Sovereign Debt ETF
PCY
$1.4B
| $2.23M | ﹤0.01% |
109,393
+968
| +0.9% | +$19.1K |
|
1124
iShares MSCI USA Min Vol Factor ETF
USMV
$24.6B
| $2.23M | ﹤0.01% |
23,714
+101
| +0.4% | +$9.29K |
|
1125
JPMorgan Small & Mid Cap Enhanced Equity ETF
JMEE
$2.97B
| $2.21M | ﹤0.01% |
37,388
-7,081
| -16% | -$396K |
|
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.