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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 | |
|---|---|---|---|---|---|---|
|
THTX
1401
DELISTED
Theratechnologies
THTX
| $517K | ﹤0.01% |
222,870
+25,802
| +13% | +$63.2K |
|
1402
FLEX LNG
FLNG
$1.6B
| $517K | ﹤0.01% |
23,501
+23,500
| +2,350,000% | +$551K |
|
|
1403
PUT
FLEX LNG
FLNG
$1.6B
| $517K | ﹤0.01% |
+235
| New | +$5.51K |
|
1404
Vanguard Information Technology ETF
VGT
$151B
| $506K | ﹤0.01% |
6,112
+744
| +14% | +$54.1K |
|
1405
InterDigital
IDCC
$9.07B
| $501K | ﹤0.01% |
2,236
-29,705
| -93% | -$6.29M |
|
1406
First Trust Financials AlphaDEX Fund
FXO
$1.15B
| $500K | ﹤0.01% |
8,925
-60
| -0.7% | -$3.14K |
|
|
EMA
1407
PUT
Emera Inc
EMA
$15.7B
| $499K | ﹤0.01% |
+109
| New | +$4.89K |
|
1408
Healthcare Services Group
HCSG
$1.43B
| $493K | ﹤0.01% |
32,769
+3,869
| +13% | +$51.3K |
|
1409
Check Point Software Technologies
CHKP
$13.2B
| $492K | ﹤0.01% |
2,229
+306
| +16% | +$67.3K |
|
1410
SoFi Technologies
SOFI
$23.8B
| $490K | ﹤0.01% |
26,920
+5,067
| +23% | +$66.8K |
|
1411
Janus Henderson B-BBB CLO ETF
JBBB
$1.43B
| $488K | ﹤0.01% |
10,134
-2,772
| -21% | -$133K |
|
1412
Novavax
NVAX
$1.34B
| $486K | ﹤0.01% |
+77,224
| New | +$511K |
|
1413
PUT
Canadian Pacific Kansas City
CP
$81.5B
| $484K | ﹤0.01% |
61
+11
| +22% | +$846 |
|
1414
Vanguard ESG US Stock ETF
ESGV
$13.7B
| $483K | ﹤0.01% |
4,409
+120
| +3% | +$12.1K |
|
1415
iShares Russell Mid-Cap Value ETF
IWS
$16.1B
| $483K | ﹤0.01% |
3,655
-25
| -0.7% | -$3.14K |
|
1416
First Trust Natural Gas ETF
FCG
$639M
| $483K | ﹤0.01% |
20,900
-1,075
| -5% | -$24.1K |
|
|
1417
PUT
Novavax
NVAX
$1.34B
| $481K | ﹤0.01% |
+763
| New | +$5.05K |
|
1418
State Street SPDR S&P Global Natural Resources ETF
GNR
$4.9B
| $477K | ﹤0.01% |
8,809
+15
| +0.2% | +$785 |
|
1419
State Street SPDR S&P Bank ETF
KBE
$1.75B
| $477K | ﹤0.01% |
8,557
-392
| -4% | -$20.4K |
|
1420
Zoom
ZM
$30.8B
| $476K | ﹤0.01% |
6,109
+4,562
| +295% | +$353K |
|
1421
Fidelity Total Bond ETF
FBND
$27.4B
| $470K | ﹤0.01% |
10,276
+1,500
| +17% | +$67.9K |
|
1422
Federated Hermes
FHI
$4.7B
| $466K | ﹤0.01% |
10,519
-353
| -3% | -$14.5K |
|
1423
Protolabs
PRLB
$2.17B
| $462K | ﹤0.01% |
11,549
+376
| +3% | +$14K |
|
1424
Vanguard S&P Small-Cap 600 ETF
VIOO
$4.35B
| $458K | ﹤0.01% |
4,521
-1,555
| -26% | -$149K |
|
1425
Perimeter Solutions
PRM
$5.66B
| $449K | ﹤0.01% |
32,296
+1,229
| +4% | +$14.2K |
|
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.