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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
+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
(-4.5%)
Cap. Flow
-$14B
Cap. Flow
% of AUM
-13.98%
Top 10 Holdings %
Top 10 Hldgs %
28.48%
Holding
3,287
New
313
Increased
899
Reduced
1,215
Closed
454
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Strategy Inc
MSTR
|
+$548M |
| 2 |
FISV
Fiserv Inc
FISV
|
+$286M |
| 3 |
Amgen
AMGN
|
+$251M |
| 4 |
Palantir
PLTR
|
+$229M |
| 5 |
Royal Bank of Canada
RY
|
+$200M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.11B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$1.09B |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$702M |
| 4 |
Tesla
TSLA
|
+$636M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
1276
IonQ
IONQ
$18.2B
| $711K | ﹤0.01% |
11,577
-2,601
| -18% | -$122K |
|
1277
Perimeter Solutions
PRM
$5.53B
| $709K | ﹤0.01% |
31,689
-607
| -2% | -$11.5K |
|
|
IAUX
1278
i-80 Gold Corp
IAUX
$1.43B
| $705K | ﹤0.01% |
748,378
+743,867
| +16,490% | +$541K |
|
1279
iShares MSCI All Country Asia ex Japan ETF
AAXJ
$3.85B
| $705K | ﹤0.01% |
7,728
+6,315
| +447% | +$546K |
|
1280
JD.com
JD
$39.6B
| $701K | ﹤0.01% |
20,044
-392,272
| -95% | -$12.8M |
|
|
TBIL
1281
F/m US Treasury 3 Month Bill Fund
TBIL
$7.24B
| $698K | ﹤0.01% |
13,961
-5,738
| -29% | -$286K |
|
1282
Brown-Forman Class B
BF.B
$12.8B
| $697K | ﹤0.01% |
25,737
-83,347
| -76% | -$2.42M |
|
1283
CALL
TFI International
TFII
$12.1B
| $695K | ﹤0.01% |
79
+58
| +276% | +$5.31K |
|
1284
Simplify Managed Futures Strategy ETF
CTA
$1.56B
| $695K | ﹤0.01% |
24,839
+2,284
| +10% | +$63.1K |
|
1285
Fidelity Total Bond ETF
FBND
$27.4B
| $694K | ﹤0.01% |
14,990
+4,714
| +46% | +$216K |
|
1286
MKS Inc
MKSI
$20.7B
| $690K | ﹤0.01% |
5,582
-100,196
| -95% | -$10.7M |
|
1287
GameStop
GME
$8.33B
| $687K | ﹤0.01% |
25,200
-88,400
| -78% | -$2.1M |
|
1288
CALL
Algonquin Power & Utilities
AQN
$4.44B
| $686K | ﹤0.01% |
1,277
+341
| +36% | +$1.96K |
|
1289
Kontoor Brands
KTB
$4.65B
| $682K | ﹤0.01% |
8,554
+3,276
| +62% | +$235K |
|
1290
Beyond Meat
BYND
$214M
| $682K | ﹤0.01% |
12,034
+4,097
| +52% | +$362K |
|
|
1291
PUT
GameStop
GME
$8.33B
| $682K | ﹤0.01% |
250
-886
| -78% | -$21K |
|
1292
PUT
Equinox Gold
EQX
$13.1B
| $676K | ﹤0.01% |
+603
| New | +$4.8K |
|
|
DCBO
1293
Docebo
DCBO
$561M
| $675K | ﹤0.01% |
24,937
+1,831
| +8% | +$55.3K |
|
1294
Baidu
BIDU
$35.5B
| $671K | ﹤0.01% |
5,096
+4,859
| +2,050% | +$481K |
|
1295
PUT
Hertz
HTZ
$838M
| $671K | ﹤0.01% |
987
| – | – |
|
1296
Core & Main
CNM
$8.64B
| $669K | ﹤0.01% |
12,441
+529
| +4% | +$32K |
|
1297
Stride
LRN
$3.27B
| $655K | ﹤0.01% |
4,399
-4,579
| -51% | -$671K |
|
1298
Reddit
RDDT
$30.4B
| $651K | ﹤0.01% |
2,835
-34
| -1% | -$6.94K |
|
1299
Offerpad Solutions
OPAD
$22.5M
| $644K | ﹤0.01% |
15,442
+15,440
| +772,000% | +$424K |
|
|
1300
PUT
Offerpad Solutions
OPAD
$22.5M
| $644K | ﹤0.01% |
+154
| New | +$4.22K |
|
Similar funds
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.