We are live on ! Find out more
National Bank of Canada

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
Cap. Flow
-$6.15B
Cap. Flow %
-5.84%
Top 10 Hldgs %
26.91%
Holding
3,275
New
443
Increased
1,132
Reduced
929
Closed
300

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$699M
2
UNH icon
UnitedHealth
UNH
+$618M
3
AMZN icon
Amazon
AMZN
+$433M
4
LLY icon
Eli Lilly
LLY
+$410M
5
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$392M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$845M
2
TSLA icon
Tesla
TSLA
+$639M
3
MSFT icon
Microsoft
MSFT
+$528M
4
AVGO icon
Broadcom
AVGO
+$322M
5
TSM icon
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
OLN icon
1126
Olin
OLN
$2.17B
$2.19M ﹤0.01%
+109,240
New +$2.27M
ACDC icon
1127
PUT
ProFrac Holding
ACDC
$958M
$2.18M ﹤0.01%
+2,807
New +$18.4K
TXG icon
1128
10x Genomics
TXG
$7.58B
$2.15M ﹤0.01%
+186,007
New +$1.7M
TME icon
1129
Tencent Music
TME
$14.2B
$2.15M ﹤0.01%
110,298
+88,916
+416% +$1.4M
CVAC
1130
PUT
DELISTED
CureVac
CVAC
$2.14M ﹤0.01%
+3,950
New +$15.7K
IYG icon
1131
iShares US Financial Services ETF
IYG
$2.24B
$2.13M ﹤0.01%
24,927
+472
+2% +$37.4K
QSR icon
1132
CALL
Restaurant Brands International
QSR
$26.7B
$2.13M ﹤0.01%
321
+249
+346% +$16.6K
PAX icon
1133
Patria Investments
PAX
$1.88B
$2.12M ﹤0.01%
151,003
+38,180
+34% +$458K
BAM icon
1134
CALL
Brookfield Asset Management
BAM
$89.2B
$2.1M ﹤0.01%
380
+67
+21% +$3.6K
SHV icon
1135
iShares 0-1 Year Treasury Bond ETF
SHV
$20.6B
$2.1M ﹤0.01%
19,001
+16,175
+572% +$1.78M
BYND icon
1136
CALL
Beyond Meat
BYND
$210M
$2.09M ﹤0.01%
6,000
-358
-6% -$1.04K
ESGD icon
1137
iShares ESG Aware MSCI EAFE ETF
ESGD
$12.3B
$2.07M ﹤0.01%
23,250
+978
+4% +$83.4K
G icon
1138
Genpact
G
$5.78B
$2.07M ﹤0.01%
47,020
+2,405
+5% +$109K
MXI icon
1139
iShares Global Materials ETF
MXI
$356M
$2.06M ﹤0.01%
23,598
-154,978
-87% -$12.8M
SPSB icon
1140
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.8B
$2.05M ﹤0.01%
68,014
-5,325
-7% -$160K
BNDX icon
1141
Vanguard Total International Bond ETF
BNDX
$83B
$2.03M ﹤0.01%
41,057
-33,635
-45% -$1.66M
PSLV icon
1142
Sprott Physical Silver Trust
PSLV
$13.3B
$2.03M ﹤0.01%
167,339
-420,930
-72% -$4.77M
MGA icon
1143
PUT
Magna International
MGA
$18.7B
$2.02M ﹤0.01%
524
+315
+151% +$11.1K
OZEM
1144
Roundhill GLP-1 & Weight Loss ETF
OZEM
$64.6M
$1.99M ﹤0.01%
79,344
+3,432
+5% +$83.4K
IXN icon
1145
iShares Global Tech ETF
IXN
$9.47B
$1.99M ﹤0.01%
21,603
-18,973
-47% -$1.54M
BPOP icon
1146
Popular Inc
BPOP
$11.3B
$1.97M ﹤0.01%
+17,890
New +$1.77M
IGV icon
1147
iShares Expanded Tech-Software Sector ETF
IGV
$15.2B
$1.97M ﹤0.01%
18,002
-5,459
-23% -$540K
SCHR
1148
Schwab Intermediately-Term US Treasury ETF
SCHR
$13.3B
$1.96M ﹤0.01%
78,538
+8,989
+13% +$223K
WPM icon
1149
CALL
Wheaton Precious Metals
WPM
$59.9B
$1.94M ﹤0.01%
216
+33
+18% +$2.78K
WFC.PRL icon
1150
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.66B
$1.93M ﹤0.01%
1,648
+273
+20% +$318K
44 45
46
47 48

Similar funds

T. Rowe Price Investment Management
T. Rowe Price Investment Management Baltimore, Maryland $145B AUM 22.78% 1-Year Est. Return
VanEck Associates
VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return
Primecap Management
Primecap Management Pasadena, California $127B AUM 44.11% 1-Year Est. Return
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board Toronto Ontario, Ontario, Canada $155B AUM 29.93% 1-Year Est. Return
Two Sigma Investments
Two Sigma Investments New York $124B AUM 33.93% 1-Year Est. Return
California Public Employees Retirement System
California Public Employees Retirement System Sacramento, California $162B AUM 25.78% 1-Year Est. Return
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada $116B AUM 26.37% 1-Year Est. Return
D.E. Shaw & Co
D.E. Shaw & Co New York $166B AUM 43.98% 1-Year Est. Return

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.