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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 | |
|---|---|---|---|---|---|---|
1251
PUT
Rocket Companies
RKT
$42.6B
| $1.13M | ﹤0.01% |
796
-30
| -4% | -$389 |
|
1252
Floor & Decor
FND
$6.27B
| $1.12M | ﹤0.01% |
14,799
+14,293
| +2,825% | +$1.06M |
|
|
LAC
1253
Lithium Americas
LAC
$1.24B
| $1.12M | ﹤0.01% |
417,291
+198,917
| +91% | +$551K |
|
|
MODV
1254
PUT
DELISTED
ModivCare
MODV
| $1.11M | ﹤0.01% |
+3,542
| New | +$6.52K |
|
|
1255
Rocket Companies
RKT
$42.6B
| $1.1M | ﹤0.01% |
77,902
-7,131
| -8% | -$92.5K |
|
1256
iShares Europe ETF
IEV
$1.7B
| $1.1M | ﹤0.01% |
17,455
-630
| -3% | -$38.3K |
|
1257
First Trust Preferred Securities and Income ETF
FPE
$6.34B
| $1.1M | ﹤0.01% |
61,905
+39,658
| +178% | +$692K |
|
|
HUT
1258
Hut 8
HUT
$10.2B
| $1.1M | ﹤0.01% |
41,697
+38,510
| +1,208% | +$575K |
|
1259
Energy Fuels
UUUU
$3.64B
| $1.1M | ﹤0.01% |
193,653
+122,093
| +171% | +$586K |
|
1260
iShares Core Dividend Growth ETF
DGRO
$43.9B
| $1.09M | ﹤0.01% |
17,079
-3,293
| -16% | -$201K |
|
1261
Sonoco
SON
$5.77B
| $1.09M | ﹤0.01% |
25,009
+90
| +0.4% | +$4.03K |
|
1262
PUT
Shopify
SHOP
$204B
| $1.08M | ﹤0.01% |
94
-326
| -78% | -$32.6K |
|
1263
iShares Global Healthcare ETF
IXJ
$4.23B
| $1.08M | ﹤0.01% |
12,568
-480
| -4% | -$41.3K |
|
1264
Assured Guaranty
AGO
$3.35B
| $1.08M | ﹤0.01% |
+12,400
| New | +$1.06M |
|
1265
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$17.4B
| $1.08M | ﹤0.01% |
12,824
-3,944
| -24% | -$313K |
|
1266
CALL
B2Gold
BTG
$6.7B
| $1.07M | ﹤0.01% |
2,962
-5,589
| -65% | -$18.3K |
|
|
LAC
1267
PUT
Lithium Americas
LAC
$1.24B
| $1.07M | ﹤0.01% |
3,991
+2,049
| +106% | +$5.68K |
|
1268
iShares US Medical Devices ETF
IHI
$3.48B
| $1.07M | ﹤0.01% |
17,074
-706
| -4% | -$42.4K |
|
1269
iShares MSCI Germany ETF
EWG
$1.67B
| $1.06M | ﹤0.01% |
25,127
+2,432
| +11% | +$97.1K |
|
1270
iShares S&P GSCI Commodity-Indexed Trust
GSG
$932M
| $1.06M | ﹤0.01% |
47,948
-26,070
| -35% | -$565K |
|
1271
iShares Dow Jones US ETF
IYY
$3.09B
| $1.05M | ﹤0.01% |
6,987
| – | – |
|
1272
TripAdvisor
TRIP
$1.29B
| $1.05M | ﹤0.01% |
80,313
+3,537
| +5% | +$47.3K |
|
|
SKE
1273
Skeena Resources
SKE
$4.07B
| $1.04M | ﹤0.01% |
65,778
+11,028
| +20% | +$139K |
|
1274
iShares Short Maturity Bond ETF
NEAR
$4.88B
| $1.04M | ﹤0.01% |
20,570
+575
| +3% | +$29.2K |
|
1275
CALL
Canadian Solar
CSIQ
$1.04B
| $1.04M | ﹤0.01% |
+941
| New | +$9.1K |
|
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.