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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 | |
|---|---|---|---|---|---|---|
1201
CALL
Ford
F
$55.4B
| $1.54M | ﹤0.01% |
1,417
| – | – |
|
1202
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $1.53M | ﹤0.01% |
16,550
-55,132
| -77% | -$4.96M |
|
1203
BlackBerry
BB
$5.27B
| $1.51M | ﹤0.01% |
329,651
+91,905
| +39% | +$347K |
|
1204
Vanguard High Dividend Yield ETF
VYM
$84.2B
| $1.5M | ﹤0.01% |
11,249
-229
| -2% | -$29K |
|
1205
Quantum Computing Inc
QUBT
$2.02B
| $1.49M | ﹤0.01% |
77,549
+73,741
| +1,936% | +$813K |
|
1206
Invesco S&P 500 Equal Weight Financials ETF
RSPF
$313M
| $1.48M | ﹤0.01% |
19,444
+5,783
| +42% | +$413K |
|
1207
iShares MSCI Canada ETF
EWC
$6.55B
| $1.47M | ﹤0.01% |
31,830
+1,110
| +4% | +$48K |
|
|
JHG
1208
DELISTED
Janus Henderson
JHG
| $1.47M | ﹤0.01% |
+37,800
| New | +$1.33M |
|
1209
Crown Holdings
CCK
$12.9B
| $1.44M | ﹤0.01% |
14,026
+12,605
| +887% | +$1.2M |
|
1210
iShares Global Industrials ETF
EXI
$1.49B
| $1.44M | ﹤0.01% |
8,715
-71,403
| -89% | -$10.9M |
|
1211
Franklin FTSE Canada ETF
FLCA
$863M
| $1.43M | ﹤0.01% |
34,369
-21,515
| -38% | -$846K |
|
1212
iShares Global Consumer Staples ETF
KXI
$1.07B
| $1.43M | ﹤0.01% |
21,890
+148
| +0.7% | +$9.69K |
|
1213
PUT
Kinross Gold
KGC
$31.9B
| $1.41M | ﹤0.01% |
904
-305
| -25% | -$4.44K |
|
|
CVAC
1214
DELISTED
CureVac
CVAC
| $1.41M | ﹤0.01% |
258,960
+258,900
| +431,500% | +$1.03M |
|
1215
Griffon
GFF
$4.8B
| $1.4M | ﹤0.01% |
19,300
+717
| +4% | +$49.9K |
|
1216
Ero Copper
ERO
$3.58B
| $1.39M | ﹤0.01% |
82,743
+22,454
| +37% | +$303K |
|
|
SA
1217
Seabridge Gold
SA
$3.46B
| $1.38M | ﹤0.01% |
97,046
+14,290
| +17% | +$182K |
|
1218
Vesta Real Estate
VTMX
$3.14B
| $1.37M | ﹤0.01% |
50,000
+8,000
| +19% | +$215K |
|
1219
Avantis US Small Cap Value ETF
AVUV
$31B
| $1.37M | ﹤0.01% |
14,999
-1,657
| -10% | -$143K |
|
1220
Humacyte
HUMA
$148M
| $1.37M | ﹤0.01% |
653,200
-138,600
| -18% | -$266K |
|
|
1221
PUT
Humacyte
HUMA
$148M
| $1.37M | ﹤0.01% |
6,532
-1,386
| -18% | -$2.66K |
|
1222
WisdomTree Floating Rate Treasury Fund
USFR
$18.4B
| $1.36M | ﹤0.01% |
27,048
-25,692
| -49% | -$1.29M |
|
1223
Vale
VALE
$58.7B
| $1.36M | ﹤0.01% |
140,159
+12,077
| +9% | +$114K |
|
1224
CALL
CGI
GIB
$15.5B
| $1.35M | ﹤0.01% |
129
-56
| -30% | -$5.9K |
|
|
SII
1225
Sprott
SII
$3.03B
| $1.35M | ﹤0.01% |
19,635
+4,192
| +27% | +$233K |
|
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.