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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
+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
Cap. Flow
-$14B
Cap. Flow %
-13.98%
Top 10 Hldgs %
28.48%
Holding
3,287
New
313
Increased
899
Reduced
1,215
Closed
454

Top Buys

Rank Stock Value
1
MSTR icon
Strategy Inc
MSTR
+$548M
2
FISV
Fiserv Inc
FISV
+$286M
3
AMGN icon
Amgen
AMGN
+$251M
4
PLTR icon
Palantir
PLTR
+$229M
5
RY icon
Royal Bank of Canada
RY
+$200M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$1.11B
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$1.09B
3
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$702M
4
TSLA icon
Tesla
TSLA
+$636M
5
MSFT icon
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
CGAU
1176
CALL
Centerra Gold
CGAU
$4.15B
$1.17M ﹤0.01%
1,096
+85
+8% +$678
BN icon
1177
PUT
Brookfield
BN
$111B
$1.17M ﹤0.01%
257
-328
-56% -$14.5K
DBMF icon
1178
iMGP DBi Managed Futures Strategy ETF
DBMF
$4.2B
$1.16M ﹤0.01%
42,394
+5,078
+14% +$133K
VCSH icon
1179
Vanguard Short-Term Corporate Bond ETF
VCSH
$45.1B
$1.15M ﹤0.01%
14,455
-466,278
-97% -$37.1M
IEV icon
1180
iShares Europe ETF
IEV
$1.7B
$1.15M ﹤0.01%
17,543
+88
+0.5% +$5.63K
IYY icon
1181
iShares Dow Jones US ETF
IYY
$3.09B
$1.14M ﹤0.01%
6,997
+10
+0.1% +$1.56K
NEAR icon
1182
iShares Short Maturity Bond ETF
NEAR
$4.88B
$1.13M ﹤0.01%
22,137
+1,567
+8% +$80K
STEM icon
1183
PUT
Stem
STEM
$48.8M
$1.12M ﹤0.01%
+641
New +$9.06K
DGRW icon
1184
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$17.4B
$1.12M ﹤0.01%
12,582
-242
-2% -$21K
GBUG
1185
Sprott Active Gold & Silver Miners ETF
GBUG
$170M
$1.12M ﹤0.01%
29,966
+29,806
+18,629% +$869K
OVV icon
1186
Ovintiv
OVV
$17.5B
$1.11M ﹤0.01%
19,827
-43,714
-69% -$1.78M
TRI icon
1187
PUT
Thomson Reuters
TRI
$46B
$1.1M ﹤0.01%
70
+68
+3,400% +$12.7K
GSG icon
1188
iShares S&P GSCI Commodity-Indexed Trust
GSG
$932M
$1.1M ﹤0.01%
47,948
– –
TFPM icon
1189
Triple Flag Precious Metals
TFPM
$6.64B
$1.09M ﹤0.01%
37,206
+4,920
+15% +$127K
FNDF icon
1190
Schwab Fundamental International Large Company Index ETF
FNDF
$25.8B
$1.07M ﹤0.01%
25,000
– –
IYF icon
1191
iShares US Financials ETF
IYF
$4.44B
$1.07M ﹤0.01%
8,466
+954
+13% +$118K
DGRO icon
1192
iShares Core Dividend Growth ETF
DGRO
$43.9B
$1.07M ﹤0.01%
15,675
-1,404
-8% -$92.8K
EWG icon
1193
iShares MSCI Germany ETF
EWG
$1.67B
$1.06M ﹤0.01%
25,516
+389
+2% +$16.3K
JPST icon
1194
JPMorgan Ultra-Short Income ETF
JPST
$40.6B
$1.06M ﹤0.01%
20,955
+17,336
+479% +$878K
CGC
1195
Canopy Growth
CGC
$426M
$1.05M ﹤0.01%
721,866
-108,681
-13% -$141K
RLX icon
1196
RLX Technology
RLX
$2.44B
$1.05M ﹤0.01%
+400,000
New +$951K
VB icon
1197
Vanguard Morningstar Small-Cap ETF
VB
$83.4B
$1.04M ﹤0.01%
4,092
-14,287
-78% -$3.54M
AA icon
1198
Alcoa
AA
$13.1B
$1.04M ﹤0.01%
31,512
-2,755
-8% -$85.7K
PAAS icon
1199
CALL
Pan American Silver
PAAS
$19.9B
$1.03M ﹤0.01%
267
-881
-77% -$28.3K
ONON icon
1200
On Holding
ONON
$10.6B
$1.03M ﹤0.01%
24,233
-103,989
-81% -$4.95M
46 47
48
49 50

Similar funds

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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
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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.