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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 | |
|---|---|---|---|---|---|---|
1401
iShares S&P 500 Value ETF
IVE
$50.4B
| $380K | ﹤0.01% |
1,840
-15
| -0.8% | -$3.01K |
|
1402
Cleveland-Cliffs
CLF
$6.92B
| $379K | ﹤0.01% |
31,104
+516
| +2% | +$5.43K |
|
|
BNT
1403
Brookfield Wealth Solutions
BNT
$12.1B
| $378K | ﹤0.01% |
8,432
-105,438
| -93% | -$4.67M |
|
1404
iShares US Medical Devices ETF
IHI
$3.47B
| $374K | ﹤0.01% |
6,229
-10,845
| -64% | -$663K |
|
1405
Children's Place
PLCE
$53.1M
| $371K | ﹤0.01% |
59,800
-567,300
| -90% | -$3.08M |
|
|
1406
PUT
Children's Place
PLCE
$53.1M
| $371K | ﹤0.01% |
598
-5,673
| -90% | -$30.8K |
|
1407
iShares iBonds Dec 2028 Term Treasury ETF
IBTI
$1.93B
| $369K | ﹤0.01% |
16,499
+4,231
| +34% | +$94.4K |
|
1408
iShares Russell 2000 Value ETF
IWN
$14.7B
| $367K | ﹤0.01% |
2,077
-10
| -0.5% | -$1.69K |
|
1409
Ambev
ABEV
$43.2B
| $359K | ﹤0.01% |
161,909
+57,877
| +56% | +$132K |
|
1410
ProShares Hedge Replication ETF
HDG
$22.3M
| $359K | ﹤0.01% |
7,046
+519
| +8% | +$26.2K |
|
1411
Hyatt Hotels
H
$17.2B
| $358K | ﹤0.01% |
2,524
+51
| +2% | +$7.31K |
|
1412
Sunrun
RUN
$2.48B
| $357K | ﹤0.01% |
20,684
+8,155
| +65% | +$109K |
|
1413
Global X Copper Miners ETF NEW
COPX
$8.01B
| $357K | ﹤0.01% |
5,973
-2,603
| -30% | -$126K |
|
1414
Insmed
INSM
$27B
| $357K | ﹤0.01% |
2,481
-43
| -2% | -$5.27K |
|
1415
iShares Micro-Cap ETF
IWC
$1.51B
| $355K | ﹤0.01% |
2,381
+1,803
| +312% | +$250K |
|
1416
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.58B
| $355K | ﹤0.01% |
10,760
-3,674
| -25% | -$110K |
|
1417
Carpenter Technology
CRS
$26.9B
| $352K | ﹤0.01% |
1,435
-1,459
| -50% | -$373K |
|
1418
Artisan Partners
APAM
$3B
| $349K | ﹤0.01% |
8,036
-388
| -5% | -$17.9K |
|
1419
Ubiquiti
UI
$35.1B
| $347K | ﹤0.01% |
526
+156
| +42% | +$77.9K |
|
1420
Global X SuperDividend ETF
SDIV
$1.22B
| $346K | ﹤0.01% |
15,000
| – | – |
|
1421
Terex
TEX
$7.72B
| $343K | ﹤0.01% |
6,680
-87
| -1% | -$4.43K |
|
|
LAR
1422
Lithium Argentina AG
LAR
$1.15B
| $343K | ﹤0.01% |
106,053
-7,097
| -6% | -$21.5K |
|
1423
Danaos Corp
DAC
$2.56B
| $341K | ﹤0.01% |
3,818
+21
| +0.6% | +$1.94K |
|
1424
Veeva Systems
VEEV
$40B
| $339K | ﹤0.01% |
1,137
-2,448
| -68% | -$689K |
|
1425
Shutterstock
SSTK
$212M
| $338K | ﹤0.01% |
16,190
-369
| -2% | -$7.52K |
|
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.