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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 | |
|---|---|---|---|---|---|---|
1276
U-Haul Holding Co Series N
UHAL.B
$12.6B
| $1.04M | ﹤0.01% |
19,146
+16,274
| +567% | +$908K |
|
|
PPLT
1277
abrdn Physical Platinum Shares ETF
PPLT
$2B
| $1.04M | ﹤0.01% |
84,500
+54,880
| +185% | +$537K |
|
1278
Veeva Systems
VEEV
$41B
| $1.03M | ﹤0.01% |
3,585
-4,357
| -55% | -$1.08M |
|
1279
Fidelity National Financial
FNF
$13.1B
| $1.03M | ﹤0.01% |
18,380
+12,469
| +211% | +$729K |
|
|
CGC
1280
Canopy Growth
CGC
$426M
| $1.01M | ﹤0.01% |
830,547
+689,888
| +490% | +$918K |
|
1281
Alcoa
AA
$13.1B
| $1.01M | ﹤0.01% |
34,267
+582
| +2% | +$15.7K |
|
1282
D-Wave Quantum Inc. Common Stock
QBTS
$7.78B
| $1.01M | ﹤0.01% |
69,043
-174,975
| -72% | -$2.06M |
|
1283
CALL
Ovintiv
OVV
$17.2B
| $1.01M | ﹤0.01% |
361
+123
| +52% | +$4.51K |
|
|
CGC
1284
PUT
Canopy Growth
CGC
$426M
| $1.01M | ﹤0.01% |
8,257
+6,964
| +539% | +$9.26K |
|
1285
CALL
IAMGOLD
IAG
$10.1B
| $1M | ﹤0.01% |
1,363
+699
| +105% | +$4.9K |
|
1286
Schwab Fundamental International Large Company Index ETF
FNDF
$25.8B
| $1M | ﹤0.01% |
25,000
+2,900
| +13% | +$109K |
|
1287
Fresenius Medical Care
FMS
$12.6B
| $999K | ﹤0.01% |
34,954
+3,827
| +12% | +$103K |
|
1288
CALL
Hudbay
HBM
$11.8B
| $985K | ﹤0.01% |
929
-660
| -42% | -$5.5K |
|
|
TBIL
1289
F/m US Treasury 3 Month Bill Fund
TBIL
$7.24B
| $985K | ﹤0.01% |
19,699
+7,770
| +65% | +$388K |
|
1290
CALL
Newmont
NEM
$120B
| $984K | ﹤0.01% |
230
+189
| +461% | +$10.1K |
|
1291
State Street Materials Select Sector SPDR ETF
XLB
$8.57B
| $974K | ﹤0.01% |
22,186
+804
| +4% | +$34.1K |
|
|
WCN
1292
CALL
Waste Connections
WCN
$41.6B
| $971K | ﹤0.01% |
52
-111
| -68% | -$21.4K |
|
1293
Equinor
EQNR
$96.3B
| $970K | ﹤0.01% |
38,608
-1,614
| -4% | -$39K |
|
1294
iMGP DBi Managed Futures Strategy ETF
DBMF
$4.2B
| $960K | ﹤0.01% |
37,316
+872
| +2% | +$22.1K |
|
|
PROF
1295
Profound Medical
PROF
$242M
| $956K | ﹤0.01% |
161,179
+24,053
| +18% | +$127K |
|
|
SOBO
1296
PUT
South Bow Corp
SOBO
$7.64B
| $939K | ﹤0.01% |
362
+81
| +29% | +$2.06K |
|
1297
Invesco Russell 1000 Dynamic Multifactor ETF
OMFL
$4.89B
| $925K | ﹤0.01% |
16,035
-5,372
| -25% | -$293K |
|
1298
CALL
West Fraser Timber
WFG
$5.45B
| $924K | ﹤0.01% |
126
-22
| -15% | -$1.64K |
|
1299
Global X Robotics & Artificial Intelligence ETF
BOTZ
$3.59B
| $919K | ﹤0.01% |
28,137
-281
| -1% | -$8.32K |
|
1300
iShares Core Moderate Allocation ETF
AOM
$1.78B
| $914K | ﹤0.01% |
19,883
+864
| +5% | +$38.2K |
|
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.