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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 | |
|---|---|---|---|---|---|---|
|
VBNK
1226
VersaBank
VBNK
$647M
| $1.35M | ﹤0.01% |
118,595
+680
| +0.6% | +$7.43K |
|
1227
PUT
Pacific Biosciences
PACB
$357M
| $1.35M | ﹤0.01% |
10,848
+6,889
| +174% | +$7.96K |
|
|
1228
Pacific Biosciences
PACB
$357M
| $1.34M | ﹤0.01% |
1,084,578
+712,978
| +192% | +$823K |
|
1229
Schwab US Dividend Equity ETF
SCHD
$108B
| $1.32M | ﹤0.01% |
49,762
-11,735
| -19% | -$306K |
|
|
DSL
1230
DoubleLine Income Solutions Fund
DSL
$1.24B
| $1.31M | ﹤0.01% |
107,657
+11,245
| +12% | +$135K |
|
1231
Stride
LRN
$3.48B
| $1.3M | ﹤0.01% |
8,978
+8,004
| +822% | +$1.16M |
|
1232
WisdomTree Japan Hedged Equity Fund
DXJ
$7.55B
| $1.3M | ﹤0.01% |
11,406
+296
| +3% | +$32.4K |
|
1233
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.69B
| $1.3M | ﹤0.01% |
10,321
+2,467
| +31% | +$296K |
|
1234
Iridium Communications
IRDM
$5.27B
| $1.29M | ﹤0.01% |
42,867
+2,002
| +5% | +$52.1K |
|
1235
iShares Core US REIT ETF
USRT
$4.63B
| $1.29M | ﹤0.01% |
22,800
-13,267
| -37% | -$744K |
|
1236
Knowles
KN
$3.23B
| $1.29M | ﹤0.01% |
73,082
-2,655
| -4% | -$42.9K |
|
1237
PUT
Wheaton Precious Metals
WPM
$59.9B
| $1.29M | ﹤0.01% |
143
+24
| +20% | +$2.02K |
|
1238
Kirby Corp
KEX
$7.26B
| $1.27M | ﹤0.01% |
11,200
| – | – |
|
1239
NovaGold Resources
NG
$3.4B
| $1.27M | ﹤0.01% |
309,873
+61,392
| +25% | +$230K |
|
1240
ORIX
IX
$43.9B
| $1.26M | ﹤0.01% |
56,000
| – | – |
|
1241
TD Synnex
SNX
$20.4B
| $1.22M | ﹤0.01% |
8,990
+584
| +7% | +$68.6K |
|
1242
ProFrac Holding
ACDC
$958M
| $1.22M | ﹤0.01% |
+156,800
| New | +$1.03M |
|
1243
iShares Core Conservative Allocation ETF
AOK
$795M
| $1.21M | ﹤0.01% |
31,103
-40
| -0.1% | -$1.51K |
|
1244
CALL
Shopify
SHOP
$204B
| $1.21M | ﹤0.01% |
105
-27
| -20% | -$2.7K |
|
1245
PUT
Franco-Nevada
FNV
$44.7B
| $1.18M | ﹤0.01% |
72
+48
| +200% | +$7.95K |
|
1246
iShares Currency Hedged MSCI EAFE ETF
HEFA
$7.81B
| $1.17M | ﹤0.01% |
30,921
-280
| -0.9% | -$10.2K |
|
1247
Sprott Junior Uranium Miners ETF
URNJ
$359M
| $1.16M | ﹤0.01% |
54,949
+2,432
| +5% | +$40.7K |
|
1248
CALL
Anavex Life Sciences
AVXL
$303M
| $1.15M | ﹤0.01% |
+1,250
| New | +$10.7K |
|
1249
CALL
Capricor Therapeutics
CAPR
$244M
| $1.14M | ﹤0.01% |
+1,147
| New | +$12.1K |
|
1250
PUT
Hudbay
HBM
$11.8B
| $1.14M | ﹤0.01% |
1,071
+142
| +15% | +$1.18K |
|
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.