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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
+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
Cap. Flow
-$6.15B
Cap. Flow %
-5.84%
Top 10 Hldgs %
26.91%
Holding
3,275
New
443
Increased
1,132
Reduced
929
Closed
300

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$699M
2
UNH icon
UnitedHealth
UNH
+$618M
3
AMZN icon
Amazon
AMZN
+$433M
4
LLY icon
Eli Lilly
LLY
+$410M
5
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$392M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$845M
2
TSLA icon
Tesla
TSLA
+$639M
3
MSFT icon
Microsoft
MSFT
+$528M
4
AVGO icon
Broadcom
AVGO
+$322M
5
TSM icon
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
IBIT icon
1526
CALL
iShares Bitcoin Trust
IBIT
$47.2B
$306K ﹤0.01%
+50
New +$2.8K
IBIT icon
1527
PUT
iShares Bitcoin Trust
IBIT
$47.2B
$306K ﹤0.01%
50
-50
-50% -$2.8K
HIMS icon
1528
Hims & Hers Health
HIMS
$6.71B
$305K ﹤0.01%
6,121
+1,685
+38% +$76.2K
AIFC
1529
AI Financial Corp
AIFC
$58.9M
$305K ﹤0.01%
42,140
+10,163
+32% +$71.5K
IBTH icon
1530
iShares iBonds Dec 2027 Term Treasury ETF
IBTH
$2.28B
$303K ﹤0.01%
13,472
+536
+4% +$12K
DAR icon
1531
Darling Ingredients
DAR
$10B
$299K ﹤0.01%
7,879
+1,603
+26% +$52.8K
VSGX icon
1532
Vanguard ESG International Stock ETF
VSGX
$6.83B
$297K ﹤0.01%
4,535
+448
+11% +$27.6K
IGR
1533
CBRE Global Real Estate Income Fund
IGR
$715M
$295K ﹤0.01%
55,845
+52,481
+1,560% +$262K
ALNY icon
1534
Alnylam Pharmaceuticals
ALNY
$30.4B
$294K ﹤0.01%
903
+240
+36% +$66.4K
JHMM icon
1535
John Hancock Multifactor Mid Cap ETF
JHMM
$6.18B
$294K ﹤0.01%
4,811
– –
JPIB icon
1536
JPMorgan International Bond Opportunities ETF
JPIB
$2.14B
$291K ﹤0.01%
5,988
– –
OXLC
1537
Oxford Lane Capital
OXLC
$950M
$290K ﹤0.01%
+13,885
New +$312K
IWR icon
1538
iShares Russell Mid-Cap ETF
IWR
$58.3B
$288K ﹤0.01%
3,132
-536
-15% -$46.3K
APLD icon
1539
Applied Digital
APLD
$8.81B
$286K ﹤0.01%
28,400
-164,000
-85% -$1.21M
IDR icon
1540
Idaho Strategic Resources
IDR
$549M
$283K ﹤0.01%
21,700
+3,700
+21% +$54.5K
PDP icon
1541
Invesco Dorsey Wright Momentum ETF
PDP
$1.53B
$281K ﹤0.01%
2,585
-165
-6% -$16.8K
XLRE icon
1542
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.68B
$279K ﹤0.01%
6,742
+2,215
+49% +$91K
CPNG icon
1543
Coupang
CPNG
$29.3B
$275K ﹤0.01%
9,192
-10,431
-53% -$267K
IBTI icon
1544
iShares iBonds Dec 2028 Term Treasury ETF
IBTI
$1.93B
$274K ﹤0.01%
12,268
+629
+5% +$14K
SPUS icon
1545
SP Funds S&P 500 Sharia ETF
SPUS
$3.09B
$271K ﹤0.01%
6,108
+1,688
+38% +$68.1K
VDC icon
1546
Vanguard Consumer Staples ETF
VDC
$8.03B
$270K ﹤0.01%
1,229
-23
-2% -$5.04K
VYMI icon
1547
Vanguard International High Dividend Yield ETF
VYMI
$21.3B
$270K ﹤0.01%
3,370
+1,253
+59% +$95.9K
BMEA icon
1548
Biomea Fusion
BMEA
$92.8M
$265K ﹤0.01%
+147,100
New +$283K
BMEA icon
1549
PUT
Biomea Fusion
BMEA
$92.8M
$265K ﹤0.01%
+1,471
New +$2.83K
INFY icon
1550
Infosys
INFY
$50.3B
$262K ﹤0.01%
14,169
-12,155
-46% -$217K
60 61
62
63 64

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Primecap Management
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Canada Pension Plan Investment Board
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Manulife (Manufacturers Life Insurance)
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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.