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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
-3.11%
1 Year Est. Return
+46.34%
3 Year Est. Return
+120.97%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$95.5B
AUM Growth
+$1.11B
(+1.2%)
Cap. Flow
+$7.77B
Cap. Flow
% of AUM
8.14%
Top 10 Holdings %
Top 10 Hldgs %
25.01%
Holding
3,248
New
337
Increased
1,070
Reduced
980
Closed
415
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.85B |
| 2 |
Apple
AAPL
|
+$1.72B |
| 3 |
Microsoft
MSFT
|
+$1.17B |
| 4 |
Amazon
AMZN
|
+$1.09B |
| 5 |
NVIDIA
NVDA
|
+$872M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$397M |
| 2 |
Suncor Energy
SU
|
+$387M |
| 3 |
Strategy Inc
MSTR
|
+$340M |
| 4 |
Enbridge
ENB
|
+$269M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$254M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.54% |
| 2 | Financials | 18.94% |
| 3 | Consumer Discretionary | 8.9% |
| 4 | Industrials | 7.28% |
| 5 | Communication Services | 7.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
T-Mobile US
TMUS
$190B
| $159M | 0.17% |
596,336
+161,293
| +37% | +$39.8M |
|
|
EA
127
DELISTED
Electronic Arts
EA
| $159M | 0.17% |
1,097,483
+606,197
| +123% | +$81.9M |
|
128
iShares Core MSCI Emerging Markets ETF
IEMG
$158B
| $158M | 0.17% |
2,935,079
+2,668,137
| +1,000% | +$144M |
|
129
Constellation Energy
CEG
$98.7B
| $157M | 0.16% |
776,136
+603,779
| +350% | +$162M |
|
130
Teck Resources
TECK
$32.4B
| $155M | 0.16% |
4,280,720
-117,703
| -3% | -$4.88M |
|
131
Brookfield Infrastructure Partners
BIP
$18.2B
| $155M | 0.16% |
5,233,038
-157,283
| -3% | -$4.93M |
|
132
PNC Financial Services
PNC
$102B
| $153M | 0.16% |
868,901
+530,873
| +157% | +$100M |
|
133
Texas Instruments
TXN
$253B
| $152M | 0.16% |
844,084
+445,677
| +112% | +$83.4M |
|
134
Applied Materials
AMAT
$435B
| $150M | 0.16% |
1,030,759
-281,484
| -21% | -$47.3M |
|
135
CAE Inc. Common Shares
CAE
$8.9B
| $150M | 0.16% |
6,087,650
+822,037
| +16% | +$20M |
|
136
Target
TGT
$69.9B
| $149M | 0.16% |
1,431,950
+593,744
| +71% | +$74.2M |
|
137
PUT
Nike
NKE
$60.1B
| $147M | 0.15% |
23,129
+12,974
| +128% | +$955K |
|
138
Kinross Gold
KGC
$32.6B
| $147M | 0.15% |
11,656,661
+866,210
| +8% | +$9.72M |
|
139
Cenovus Energy
CVE
$55.6B
| $146M | 0.15% |
10,490,192
+2,485,890
| +31% | +$35.8M |
|
140
TJX Companies
TJX
$169B
| $145M | 0.15% |
1,193,483
+258,654
| +28% | +$31.4M |
|
141
KLA
KLAC
$272B
| $145M | 0.15% |
2,133,800
-1,439,250
| -40% | -$104M |
|
142
Hilton Worldwide
HLT
$72.6B
| $143M | 0.15% |
628,458
+508,331
| +423% | +$127M |
|
143
Automatic Data Processing
ADP
$107B
| $142M | 0.15% |
464,739
+85,755
| +23% | +$25.9M |
|
144
Newmont
NEM
$124B
| $141M | 0.15% |
2,878,504
-1,033,168
| -26% | -$45.4M |
|
145
Stryker
SYK
$133B
| $139M | 0.15% |
374,038
-57,221
| -13% | -$21.8M |
|
146
Lam Research
LRCX
$408B
| $139M | 0.15% |
1,913,646
-243,206
| -11% | -$19.2M |
|
147
General Dynamics
GD
$107B
| $139M | 0.15% |
508,344
+156,915
| +45% | +$40.8M |
|
148
Morgan Stanley
MS
$342B
| $137M | 0.14% |
1,171,928
+650,450
| +125% | +$83.8M |
|
149
Union Pacific
UNP
$174B
| $136M | 0.14% |
576,497
+127,060
| +28% | +$30.6M |
|
150
GE Vernova
GEV
$277B
| $134M | 0.14% |
438,504
+246,372
| +128% | +$85.9M |
|
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National Bank of Canada's Q1 2025 Portfolio in Review
As of Q1 2025, National Bank of Canada held 3,248 positions worth $95.5B, up 1.2% from $94.4B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
National Bank of Canada deployed $7.77B of net new capital in Q1 2025, opening 337 new positions and adding to 1,070 existing holdings. Its largest new stake was Futu Holdings: 594,502 shares worth $60.8M.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 22% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Micron Technology, an estimated $397M trimmed.
- National Bank of Canada's largest Q1 2025 buy was Futu Holdings: 594,502 shares worth $60.8M.
- National Bank of Canada added most to Tesla in Q1 2025, an estimated $1.85B increase.
- National Bank of Canada's biggest Q1 2025 reduction was Micron Technology, cutting an estimated $397M.
- National Bank of Canada fully exited Kanzhun in Q1 2025, selling an estimated $36M.
- National Bank of Canada's ten largest holdings make up 25% of its $95.5B portfolio in Q1 2025.
- National Bank of Canada opened 337 new positions and closed 415 in Q1 2025.
- National Bank of Canada's portfolio value rose 1.2% quarter-over-quarter to $95.5B.
Based on National Bank of Canada's 13F filing for Q1 2025, filed 12 May 2025.