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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 | |
|---|---|---|---|---|---|---|
|
RZLV
1126
Rezolve AI
RZLV
$1.06B
| $1.61M | ﹤0.01% |
323,300
+322,974
| +99,072% | +$1.27M |
|
1127
BGC Group
BGC
$5.12B
| $1.6M | ﹤0.01% |
169,631
+3,835
| +2% | +$38.4K |
|
1128
PUT
Fortis
FTS
$28.7B
| $1.6M | ﹤0.01% |
316
+156
| +98% | +$7.67K |
|
1129
PUT
West Fraser Timber
WFG
$5.5B
| $1.6M | ﹤0.01% |
235
+178
| +312% | +$13K |
|
1130
iShares Global Consumer Staples ETF
KXI
$1.07B
| $1.6M | ﹤0.01% |
24,851
+2,961
| +14% | +$194K |
|
|
RZLV
1131
PUT
Rezolve AI
RZLV
$1.06B
| $1.59M | ﹤0.01% |
+3,190
| New | +$12.6K |
|
1132
PUT
Restaurant Brands International
QSR
$26.1B
| $1.58M | ﹤0.01% |
247
+195
| +375% | +$12.8K |
|
1133
Johnson Controls International
JCI
$92.6B
| $1.58M | ﹤0.01% |
14,377
-377
| -3% | -$40.3K |
|
1134
Campbell Soup
CPB
$6.94B
| $1.56M | ﹤0.01% |
49,243
-87,265
| -64% | -$2.82M |
|
1135
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.6B
| $1.55M | ﹤0.01% |
20,190
+9,898
| +96% | +$740K |
|
1136
Invesco S&P 500 Equal Weight Financials ETF
RSPF
$313M
| $1.53M | ﹤0.01% |
19,699
+255
| +1% | +$19.7K |
|
|
SOBO
1137
CALL
South Bow Corp
SOBO
$7.64B
| $1.51M | ﹤0.01% |
535
-1,163
| -68% | -$31.6K |
|
1138
PUT
Wheaton Precious Metals
WPM
$61.3B
| $1.51M | ﹤0.01% |
135
-8
| -6% | -$782 |
|
1139
State Street Utilities Select Sector SPDR ETF
XLU
$22.9B
| $1.51M | ﹤0.01% |
34,442
-31,242
| -48% | -$1.32M |
|
|
SOBO
1140
PUT
South Bow Corp
SOBO
$7.64B
| $1.51M | ﹤0.01% |
532
+170
| +47% | +$4.62K |
|
1141
Avantis US Small Cap Value ETF
AVUV
$31B
| $1.5M | ﹤0.01% |
15,104
+105
| +0.7% | +$10.2K |
|
1142
Griffon
GFF
$4.75B
| $1.5M | ﹤0.01% |
19,735
+435
| +2% | +$33.5K |
|
1143
CALL
Hudbay
HBM
$11.8B
| $1.49M | ﹤0.01% |
986
+57
| +6% | +$653 |
|
1144
WisdomTree Japan Hedged Equity Fund
DXJ
$7.55B
| $1.49M | ﹤0.01% |
11,664
+258
| +2% | +$31.7K |
|
|
AUGO
1145
Aura Minerals Inc
AUGO
$6.5B
| $1.49M | ﹤0.01% |
+40,737
| New | +$1.17M |
|
1146
Advance Auto Parts
AAP
$3.23B
| $1.48M | ﹤0.01% |
24,113
+23,399
| +3,277% | +$1.38M |
|
1147
CALL
Equinox Gold
EQX
$13.1B
| $1.46M | ﹤0.01% |
+1,303
| New | +$10.4K |
|
1148
Sprott Uranium Miners ETF
URNM
$2B
| $1.45M | ﹤0.01% |
24,051
-82,000
| -77% | -$4.13M |
|
|
EXK
1149
Endeavour Silver
EXK
$3.05B
| $1.45M | ﹤0.01% |
185,558
-410,197
| -69% | -$2.42M |
|
|
VBNK
1150
VersaBank
VBNK
$628M
| $1.44M | ﹤0.01% |
118,293
-302
| -0.3% | -$3.49K |
|
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.