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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 | |
|---|---|---|---|---|---|---|
1551
Flowserve
FLS
$10.3B
| $210K | ﹤0.01% |
3,960
-71,131
| -95% | -$3.86M |
|
1552
Snap
SNAP
$9.1B
| $210K | ﹤0.01% |
27,193
-298,760
| -92% | -$2.48M |
|
1553
First Advantage
FA
$3.68B
| $210K | ﹤0.01% |
13,620
-303
| -2% | -$5.02K |
|
1554
Invesco Aerospace & Defense ETF
PPA
$8.74B
| $209K | ﹤0.01% |
1,347
-132
| -9% | -$19.4K |
|
1555
Tetra Tech
TTEK
$9.33B
| $209K | ﹤0.01% |
6,273
-152,415
| -96% | -$5.54M |
|
1556
FT Vest US Equity Deep Buffer ETF January
DJAN
$483M
| $209K | ﹤0.01% |
4,967
| – | – |
|
1557
PUT
B2Gold
BTG
$6.8B
| $208K | ﹤0.01% |
421
+240
| +133% | +$944 |
|
1558
Vishay Intertechnology
VSH
$5.35B
| $208K | ﹤0.01% |
13,607
-2,632
| -16% | -$41.7K |
|
1559
State Street SPDR S&P Aerospace & Defense ETF
XAR
$6.7B
| $207K | ﹤0.01% |
881
+57
| +7% | +$12.4K |
|
1560
First American
FAF
$7.51B
| $206K | ﹤0.01% |
3,210
-131
| -4% | -$8.26K |
|
1561
Hims & Hers Health
HIMS
$6.7B
| $206K | ﹤0.01% |
3,636
-2,485
| -41% | -$127K |
|
1562
FlexShares High Yield Value-Scored Bond Index Fund
HYGV
$1.11B
| $206K | ﹤0.01% |
4,992
| – | – |
|
1563
Guidewire Software
GWRE
$14.7B
| $204K | ﹤0.01% |
890
+361
| +68% | +$82.1K |
|
1564
Nano X Imaging
NNOX
$74.2M
| $203K | ﹤0.01% |
54,930
-422,400
| -88% | -$1.88M |
|
|
1565
PUT
Nano X Imaging
NNOX
$74.2M
| $203K | ﹤0.01% |
549
-4,224
| -88% | -$18.8K |
|
1566
First Trust SMID Cap Rising Dividend Achievers ETF
SDVY
$11.8B
| $203K | ﹤0.01% |
5,348
-1,024
| -16% | -$38K |
|
1567
Korn Ferry
KFY
$4.3B
| $203K | ﹤0.01% |
2,897
-28
| -1% | -$2.04K |
|
1568
Infosys
INFY
$49.1B
| $202K | ﹤0.01% |
12,413
-1,756
| -12% | -$30.2K |
|
1569
Brendan Wood TopGun Index ETF
BWTG
$21.1M
| $199K | ﹤0.01% |
5,233
+545
| +12% | +$20.2K |
|
1570
Entegris
ENTG
$24.7B
| $199K | ﹤0.01% |
2,154
+151
| +8% | +$12.8K |
|
1571
SP Funds Dow Jones Global Sukuk ETF
SPSK
$649M
| $198K | ﹤0.01% |
10,709
+962
| +10% | +$17.7K |
|
1572
Franklin FTSE Japan Hedged ETF
FLJH
$207M
| $197K | ﹤0.01% |
5,486
+743
| +16% | +$25.6K |
|
1573
Vaalco Energy
EGY
$605M
| $197K | ﹤0.01% |
49,000
-201
| -0.4% | -$776 |
|
1574
Vanguard Global ex-US Real Estate ETF
VNQI
$3.51B
| $196K | ﹤0.01% |
4,098
-945
| -19% | -$44.3K |
|
|
P
1575
Everpure Inc
P
$39.2B
| $196K | ﹤0.01% |
2,334
+184
| +9% | +$12.2K |
|
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.