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National Bank of Canada

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
Cap. Flow
+$7.77B
Cap. Flow %
8.14%
Top 10 Hldgs %
25.01%
Holding
3,248
New
337
Increased
1,070
Reduced
980
Closed
415

Top Buys

Rank Stock Value
1
TSLA icon
Tesla
TSLA
+$1.85B
2
AAPL icon
Apple
AAPL
+$1.72B
3
MSFT icon
Microsoft
MSFT
+$1.17B
4
AMZN icon
Amazon
AMZN
+$1.09B
5
NVDA icon
NVIDIA
NVDA
+$872M

Top Sells

Rank Stock Value
1
MU icon
Micron Technology
MU
+$397M
2
SU icon
Suncor Energy
SU
+$387M
3
MSTR icon
Strategy Inc
MSTR
+$340M
4
ENB icon
Enbridge
ENB
+$269M
5
GOOGL icon
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
KFY icon
1526
Korn Ferry
KFY
$4.3B
$196K ﹤0.01%
2,896
-21
-0.7% -$1.42K
DAR icon
1527
Darling Ingredients
DAR
$10.5B
$196K ﹤0.01%
6,276
-227
-3% -$7.94K
COHR icon
1528
Coherent
COHR
$64B
$195K ﹤0.01%
3,008
-2,762
-48% -$229K
ICOW icon
1529
Pacer Developed Markets International Cash Cows 100 ETF
ICOW
$1.85B
$195K ﹤0.01%
6,200
– –
OM icon
1530
Outset Medical
OM
$84M
$195K ﹤0.01%
17,602
+14,266
+428% +$170K
ASAN icon
1531
Asana
ASAN
$2.13B
$194K ﹤0.01%
13,346
-560
-4% -$10.6K
BUD icon
1532
AB InBev
BUD
$156B
$194K ﹤0.01%
3,147
-1,004,225
-100% -$54.9M
FIDI icon
1533
Fidelity International High Dividend ETF
FIDI
$365M
$193K ﹤0.01%
9,000
-8,094
-47% -$169K
AQN icon
1534
CALL
Algonquin Power & Utilities
AQN
$4.52B
$191K ﹤0.01%
372
+213
+134% +$1K
BBUC
1535
Brookfield Business Corp Class A Subordinate Voting Shares
BBUC
$6.12B
$190K ﹤0.01%
7,277
-2,590
-26% -$65.9K
TRI icon
1536
PUT
Thomson Reuters
TRI
$44.9B
$190K ﹤0.01%
11
-30
-73% -$5.18K
XLY icon
1537
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.5B
$190K ﹤0.01%
1,918
-888
-32% -$96.3K
XLRE icon
1538
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.71B
$189K ﹤0.01%
4,527
+3,508
+344% +$146K
FFSM icon
1539
Fidelity Fundamental Small-Mid Cap ETF
FFSM
$1.59B
$189K ﹤0.01%
7,450
– –
FA icon
1540
First Advantage
FA
$3.68B
$188K ﹤0.01%
13,356
-787
-6% -$13.2K
OPRA
1541
Opera Ltd
OPRA
$1.79B
$187K ﹤0.01%
11,731
-724
-6% -$13.4K
AOA icon
1542
iShares Core 80/20 Aggressive Allocation ETF
AOA
$3.29B
$187K ﹤0.01%
2,444
– –
EGY icon
1543
Vaalco Energy
EGY
$605M
$185K ﹤0.01%
49,201
-10,169
-17% -$42.4K
INTF icon
1544
iShares International Equity Factor ETF
INTF
$3.77B
$184K ﹤0.01%
5,964
-726
-11% -$22.1K
VNM icon
1545
VanEck Vietnam ETF
VNM
$498M
$184K ﹤0.01%
14,713
+14,593
+12,161% +$173K
KRBN icon
1546
KraneShares Global Carbon Strategy ETF
KRBN
$132M
$181K ﹤0.01%
6,441
-771
-11% -$22.5K
PSNY icon
1547
PUT
Polestar Automotive Holding UK
PSNY
$2.04B
$179K ﹤0.01%
57
-166
-74% -$5.48K
ALNY icon
1548
Alnylam Pharmaceuticals
ALNY
$30.1B
$179K ﹤0.01%
663
-5
-0.7% -$1.28K
PPA icon
1549
Invesco Aerospace & Defense ETF
PPA
$8.74B
$178K ﹤0.01%
1,523
-267,155
-99% -$31.4M
MGY icon
1550
Magnolia Oil & Gas
MGY
$6.19B
$177K ﹤0.01%
7,006
-412
-6% -$9.99K
60 61
62
63 64

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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.