We are live on
!
Find out more
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 | |
|---|---|---|---|---|---|---|
1351
iShares Russell Mid-Cap Growth ETF
IWP
$21.1B
| $710K | ﹤0.01% |
5,125
-111
| -2% | -$14K |
|
1352
Invesco China Technology ETF
CQQQ
$3.19B
| $702K | ﹤0.01% |
15,851
+6,345
| +67% | +$267K |
|
1353
First Bancorp
FBP
$4.46B
| $689K | ﹤0.01% |
33,086
-1,566
| -5% | -$30.8K |
|
1354
Amplify Junior Silver Miners ETF
SILJ
$3.89B
| $688K | ﹤0.01% |
46,546
+9,398
| +25% | +$122K |
|
1355
iShares Core 1-5 Year USD Bond ETF
ISTB
$5.14B
| $685K | ﹤0.01% |
14,099
+580
| +4% | +$28K |
|
1356
Mattel
MAT
$4.19B
| $683K | ﹤0.01% |
34,680
+5,391
| +18% | +$95.9K |
|
1357
abrdn Physical Palladium Shares ETF
PALL
$648M
| $676K | ﹤0.01% |
33,650
+2,185
| +7% | +$39.5K |
|
1358
PUT
Hertz
HTZ
$838M
| $674K | ﹤0.01% |
987
+608
| +160% | +$3.79K |
|
1359
iShares MSCI Spain ETF
EWP
$2.21B
| $664K | ﹤0.01% |
15,075
+442
| +3% | +$18.3K |
|
1360
Outset Medical
OM
$84.6M
| $662K | ﹤0.01% |
34,547
+16,945
| +96% | +$265K |
|
|
AEF
1361
abrdn Emerging Markets Equity Income Fund
AEF
$380M
| $653K | ﹤0.01% |
109,981
+40,933
| +59% | +$217K |
|
1362
DoubleLine Opportunistic Bond ETF
DBND
$757M
| $653K | ﹤0.01% |
14,140
| – | – |
|
1363
Affiliated Managers Group
AMG
$9.57B
| $651K | ﹤0.01% |
3,311
+544
| +20% | +$94.4K |
|
|
DCBO
1364
Docebo
DCBO
$561M
| $650K | ﹤0.01% |
23,106
-21,481
| -48% | -$609K |
|
1365
Shake Shack
SHAK
$2.94B
| $650K | ﹤0.01% |
4,628
+1,462
| +46% | +$159K |
|
|
HUT
1366
PUT
Hut 8
HUT
$10.2B
| $642K | ﹤0.01% |
470
+286
| +155% | +$4.27K |
|
|
TLN
1367
Talen Energy Corp
TLN
$17.5B
| $638K | ﹤0.01% |
2,196
-66
| -3% | -$15.7K |
|
1368
Comfort Systems
FIX
$61.2B
| $637K | ﹤0.01% |
1,189
+386
| +48% | +$168K |
|
1369
CALL
Eldorado Gold
EGO
$10.4B
| $635K | ﹤0.01% |
312
-568
| -65% | -$11.1K |
|
1370
PUT
Vermilion Energy
VET
$1.73B
| $634K | ﹤0.01% |
869
+408
| +89% | +$2.78K |
|
1371
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$12B
| $633K | ﹤0.01% |
4,716
+1,892
| +67% | +$233K |
|
1372
iShares Core MSCI Europe ETF
IEUR
$9.15B
| $628K | ﹤0.01% |
9,377
+868
| +10% | +$54.8K |
|
|
1373
CALL
Vermilion Energy
VET
$1.73B
| $623K | ﹤0.01% |
854
-249
| -23% | -$1.7K |
|
1374
Invesco BuyBack Achievers ETF
PKW
$1.8B
| $622K | ﹤0.01% |
5,035
+405
| +9% | +$46.3K |
|
1375
IonQ
IONQ
$18.2B
| $610K | ﹤0.01% |
14,178
-102,460
| -88% | -$3.43M |
|
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.