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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 | |
|---|---|---|---|---|---|---|
1151
PUT
Canadian Imperial Bank of Commerce
CM
$112B
| $1.92M | ﹤0.01% |
271
-288
| -52% | -$18.5K |
|
1152
DoubleVerify
DV
$2.04B
| $1.92M | ﹤0.01% |
+128,036
| New | +$1.75M |
|
1153
Denison Mines
DNN
$2.95B
| $1.91M | ﹤0.01% |
1,045,463
-22,067
| -2% | -$33.4K |
|
|
OTLY
1154
PUT
Oatly Group
OTLY
$441M
| $1.89M | ﹤0.01% |
1,595
-2,671
| -63% | -$28.2K |
|
|
BBU
1155
DELISTED
Brookfield Business Partners
BBU
| $1.86M | ﹤0.01% |
73,150
-84,872
| -54% | -$1.99M |
|
1156
Invesco S&P Emerging Markets Low Volatility ETF
EELV
$422M
| $1.86M | ﹤0.01% |
71,478
+3
| +0% | +$75 |
|
1157
Global X Silver Miners ETF NEW
SIL
$4.75B
| $1.85M | ﹤0.01% |
38,383
+33,326
| +659% | +$1.42M |
|
1158
Liberty Live Group Series A
LLYVA
$9.59B
| $1.84M | ﹤0.01% |
+23,213
| New | +$1.69M |
|
1159
Invesco S&P 500 Equal Weight Industrials ETF
RSPN
$1.08B
| $1.84M | ﹤0.01% |
34,378
+11,816
| +52% | +$594K |
|
1160
Stagwell
STGW
$2.28B
| $1.83M | ﹤0.01% |
407,472
+41,501
| +11% | +$209K |
|
1161
iShares TIPS Bond ETF
TIP
$14.7B
| $1.82M | ﹤0.01% |
16,532
+5,810
| +54% | +$634K |
|
1162
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.8B
| $1.81M | ﹤0.01% |
16,533
-3,226
| -16% | -$346K |
|
1163
Acadia Healthcare
ACHC
$2.82B
| $1.81M | ﹤0.01% |
+79,751
| New | +$1.89M |
|
|
DRD
1164
DRDGold
DRD
$2.06B
| $1.8M | ﹤0.01% |
135,222
-11,964
| -8% | -$177K |
|
1165
Pitney Bowes
PBI
$2.28B
| $1.8M | ﹤0.01% |
164,902
+7,115
| +5% | +$66.9K |
|
1166
PUT
Telus
TU
$15.2B
| $1.79M | ﹤0.01% |
1,112
+136
| +14% | +$2.11K |
|
1167
Crane Co
CR
$12.7B
| $1.78M | ﹤0.01% |
9,400
+9,394
| +156,567% | +$1.56M |
|
1168
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.38B
| $1.77M | ﹤0.01% |
14,946
-138,229
| -90% | -$16.1M |
|
1169
iShares Core 60/40 Balanced Allocation ETF
AOR
$3.75B
| $1.77M | ﹤0.01% |
28,742
+2,335
| +9% | +$136K |
|
1170
HDFC Bank
HDB
$119B
| $1.76M | ﹤0.01% |
45,924
-6,920,422
| -99% | -$251M |
|
1171
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.78B
| $1.75M | ﹤0.01% |
18,456
+12,800
| +226% | +$1.19M |
|
|
SVM
1172
Silvercorp Metals
SVM
$2.61B
| $1.75M | ﹤0.01% |
415,413
+46,894
| +13% | +$182K |
|
1173
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.5B
| $1.75M | ﹤0.01% |
19,008
-1,261
| -6% | -$115K |
|
1174
VanEck Morningstar Wide Moat ETF
MOAT
$12.5B
| $1.75M | ﹤0.01% |
18,615
-346
| -2% | -$30.4K |
|
1175
PUT
Teck Resources
TECK
$31.3B
| $1.74M | ﹤0.01% |
431
-105
| -20% | -$3.79K |
|
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.