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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
+10.79%
1 Year Est. Return
+46.34%
3 Year Est. Return
+120.97%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$100B
AUM Growth
-$4.77B
(-4.5%)
Cap. Flow
-$14B
Cap. Flow
% of AUM
-13.98%
Top 10 Holdings %
Top 10 Hldgs %
28.48%
Holding
3,287
New
313
Increased
899
Reduced
1,215
Closed
454
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Strategy Inc
MSTR
|
+$548M |
| 2 |
FISV
Fiserv Inc
FISV
|
+$286M |
| 3 |
Amgen
AMGN
|
+$251M |
| 4 |
Palantir
PLTR
|
+$229M |
| 5 |
Royal Bank of Canada
RY
|
+$200M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.11B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$1.09B |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$702M |
| 4 |
Tesla
TSLA
|
+$636M |
| 5 |
Microsoft
MSFT
|
+$480M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.61% |
| 2 | Financials | 18.19% |
| 3 | Consumer Discretionary | 7.6% |
| 4 | Communication Services | 7.34% |
| 5 | Industrials | 6.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1101
Henry Schein
HSIC
$10.1B
| $1.83M | ﹤0.01% |
27,639
-61,214
| -69% | -$4.24M |
|
1102
VanEck Morningstar Wide Moat ETF
MOAT
$12.5B
| $1.83M | ﹤0.01% |
18,461
-154
| -0.8% | -$15K |
|
1103
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.5B
| $1.81M | ﹤0.01% |
19,414
+406
| +2% | +$37.5K |
|
1104
Pitney Bowes
PBI
$2.28B
| $1.8M | ﹤0.01% |
158,070
-6,832
| -4% | -$79.6K |
|
1105
VEON
VEON
$3.92B
| $1.8M | ﹤0.01% |
+33,000
| New | +$1.77M |
|
1106
ARK Blockchain & Fintech Innovation ETF
ARKF
$782M
| $1.79M | ﹤0.01% |
31,522
-2,299
| -7% | -$124K |
|
1107
iShares TIPS Bond ETF
TIP
$14.7B
| $1.78M | ﹤0.01% |
16,019
-513
| -3% | -$56.7K |
|
|
WCN
1108
PUT
Waste Connections
WCN
$41.6B
| $1.76M | ﹤0.01% |
100
-82
| -45% | -$14.9K |
|
1109
PUT
Beyond Meat
BYND
$214M
| $1.72M | ﹤0.01% |
304
-38
| -11% | -$3.36K |
|
1110
Compass Diversified
CODI
$908M
| $1.72M | ﹤0.01% |
260,229
-723
| -0.3% | -$4.99K |
|
1111
CarMax
KMX
$8.33B
| $1.71M | ﹤0.01% |
38,031
-68,729
| -64% | -$4.1M |
|
1112
CALL
B2Gold
BTG
$6.7B
| $1.7M | ﹤0.01% |
3,433
+471
| +16% | +$1.85K |
|
1113
CALL
Ford
F
$55.4B
| $1.69M | ﹤0.01% |
1,417
| – | – |
|
1114
Vanguard High Dividend Yield ETF
VYM
$84.2B
| $1.69M | ﹤0.01% |
11,978
+729
| +6% | +$100K |
|
1115
Roblox
RBLX
$27.1B
| $1.68M | ﹤0.01% |
12,164
+7,975
| +190% | +$991K |
|
1116
C3.ai
AI
$1.58B
| $1.68M | ﹤0.01% |
96,834
-1,155,464
| -92% | -$24.1M |
|
1117
iShares Core Conservative Allocation ETF
AOK
$795M
| $1.68M | ﹤0.01% |
41,791
+10,688
| +34% | +$421K |
|
1118
Fortrea Holdings
FTRE
$1.74B
| $1.68M | ﹤0.01% |
+199,000
| New | +$1.52M |
|
1119
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| $1.67M | ﹤0.01% |
20,607
+1,412
| +7% | +$114K |
|
1120
iShares MSCI KLD 400 Social ETF
DSI
$5.58B
| $1.66M | ﹤0.01% |
13,202
-902
| -6% | -$109K |
|
|
DAY
1121
DELISTED
Dayforce
DAY
| $1.66M | ﹤0.01% |
24,089
-70,387
| -75% | -$4.38M |
|
|
SII
1122
Sprott
SII
$3.03B
| $1.65M | ﹤0.01% |
19,927
+292
| +1% | +$20.4K |
|
1123
Vanguard Materials ETF
VAW
$3.05B
| $1.64M | ﹤0.01% |
8,020
-5
| -0.1% | -$1.02K |
|
1124
PUT
Telus
TU
$15B
| $1.64M | ﹤0.01% |
1,041
-71
| -6% | -$1.15K |
|
1125
Vanguard Total Corporate Bond ETF
VTC
$1.71B
| $1.63M | ﹤0.01% |
20,786
-5
| -0% | -$387 |
|
Similar funds
National Bank of Canada's Q3 2025 Portfolio in Review
As of Q3 2025, National Bank of Canada held 3,287 positions worth $100B, down 4.5% from $105B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
National Bank of Canada withdrew a net $14B in Q3 2025, closing 454 positions and reducing 1,215 holdings. Its most notable exit was Schwab US Broad Market ETF, an estimated $96.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 24% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, National Bank of Canada opened a new position in iShares MSCI Japan ETF worth $50.2M.
- National Bank of Canada's largest Q3 2025 buy was iShares MSCI Japan ETF: 625,300 shares worth $50.2M.
- National Bank of Canada added most to Strategy Inc in Q3 2025, an estimated $548M increase.
- National Bank of Canada's biggest Q3 2025 reduction was NVIDIA, cutting an estimated $1.11B.
- National Bank of Canada fully exited Schwab US Broad Market ETF in Q3 2025, selling an estimated $96.5M.
- National Bank of Canada's ten largest holdings make up 28% of its $100B portfolio in Q3 2025.
- National Bank of Canada opened 313 new positions and closed 454 in Q3 2025.
- National Bank of Canada's portfolio value fell 4.5% quarter-over-quarter to $100B.
Based on National Bank of Canada's 13F filing for Q3 2025, filed 14 Nov 2025.