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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 | |
|---|---|---|---|---|---|---|
1326
ICICI Bank
IBN
$107B
| $803K | ﹤0.01% |
23,876
-7,467,024
| -100% | -$247M |
|
1327
Carpenter Technology
CRS
$26.3B
| $799K | ﹤0.01% |
2,894
-289
| -9% | -$63K |
|
1328
Portillo's
PTLO
$345M
| $788K | ﹤0.01% |
+67,500
| New | +$779K |
|
|
1329
PUT
Portillo's
PTLO
$345M
| $788K | ﹤0.01% |
+675
| New | +$7.79K |
|
1330
PIMCO Dynamic Income Fund
PDI
$7.42B
| $784K | ﹤0.01% |
41,382
+12,686
| +44% | +$236K |
|
1331
iShares US Infrastructure ETF
IFRA
$4.62B
| $782K | ﹤0.01% |
15,900
+3,770
| +31% | +$175K |
|
1332
Vanguard Morningstar Growth ETF
VUG
$231B
| $780K | ﹤0.01% |
10,674
-5,910
| -36% | -$389K |
|
1333
Invesco Global Listed Private Equity ETF
PSP
$253M
| $780K | ﹤0.01% |
11,322
+984
| +10% | +$63.6K |
|
1334
Banco Santander
SAN
$211B
| $773K | ﹤0.01% |
93,280
+3,731
| +4% | +$27.8K |
|
1335
Cheniere Energy
LNG
$55.4B
| $764K | ﹤0.01% |
3,138
-190,271
| -98% | -$44.1M |
|
1336
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23.4B
| $764K | ﹤0.01% |
14,488
-33,527
| -70% | -$1.75M |
|
1337
PUT
Fortis
FTS
$28.7B
| $764K | ﹤0.01% |
160
+55
| +52% | +$2.62K |
|
1338
PUT
ImmunityBio
IBRX
$8.2B
| $763K | ﹤0.01% |
2,890
-2,030
| -41% | -$5.46K |
|
1339
Triple Flag Precious Metals
TFPM
$6.64B
| $762K | ﹤0.01% |
32,286
-60,592
| -65% | -$1.33M |
|
1340
Nomad Foods
NOMD
$1.59B
| $755K | ﹤0.01% |
44,464
+43,528
| +4,650% | +$799K |
|
1341
Vanguard Intermediate-Term Bond ETF
BIV
$28.9B
| $754K | ﹤0.01% |
9,754
+875
| +10% | +$66.6K |
|
1342
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.6B
| $748K | ﹤0.01% |
10,292
+1,342
| +15% | +$90.8K |
|
1343
iShares Global Clean Energy ETF
ICLN
$2.11B
| $746K | ﹤0.01% |
56,915
+10,128
| +22% | +$124K |
|
1344
Trump Media & Technology Group
DJT
$2.31B
| $741K | ﹤0.01% |
41,064
+27,729
| +208% | +$603K |
|
|
1345
CALL
ImmunityBio
IBRX
$8.2B
| $739K | ﹤0.01% |
2,800
-2,120
| -43% | -$5.7K |
|
1346
iShares MSCI Switzerland ETF
EWL
$2.22B
| $735K | ﹤0.01% |
13,425
+600
| +5% | +$32.1K |
|
|
1347
PUT
Trump Media & Technology Group
DJT
$2.31B
| $732K | ﹤0.01% |
406
+278
| +217% | +$6.05K |
|
|
CGAU
1348
CALL
Centerra Gold
CGAU
$4.25B
| $728K | ﹤0.01% |
1,011
+862
| +579% | +$5.89K |
|
1349
Core & Main
CNM
$8.62B
| $719K | ﹤0.01% |
11,912
-163
| -1% | -$8.72K |
|
1350
Globant
GLOB
$1.67B
| $711K | ﹤0.01% |
7,835
-1,606
| -17% | -$172K |
|
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.