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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
+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
(+10%)
Cap. Flow
-$6.15B
Cap. Flow
% of AUM
-5.84%
Top 10 Holdings %
Top 10 Hldgs %
26.91%
Holding
3,275
New
443
Increased
1,132
Reduced
929
Closed
300
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$699M |
| 2 |
UnitedHealth
UNH
|
+$618M |
| 3 |
Amazon
AMZN
|
+$433M |
| 4 |
Eli Lilly
LLY
|
+$410M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$392M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$845M |
| 2 |
Tesla
TSLA
|
+$639M |
| 3 |
Microsoft
MSFT
|
+$528M |
| 4 |
Broadcom
AVGO
|
+$322M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
|
LAR
1576
Lithium Argentina AG
LAR
$1.11B
| $228K | ﹤0.01% |
113,150
-3,328
| -3% | -$6.63K |
|
|
GOOS
1577
Canada Goose Holdings
GOOS
$850M
| $228K | ﹤0.01% |
20,505
+3,650
| +22% | +$35.4K |
|
1578
Global X MSCI China Consumer Discretionary ETF
CHIQ
$120M
| $228K | ﹤0.01% |
10,825
+3,000
| +38% | +$63.6K |
|
1579
PUT
Algonquin Power & Utilities
AQN
$4.44B
| $227K | ﹤0.01% |
397
+57
| +17% | +$313 |
|
1580
AB InBev
BUD
$158B
| $226K | ﹤0.01% |
3,284
+137
| +4% | +$9.2K |
|
1581
SPDR Gold MiniShares Trust
GLDM
$29.8B
| $225K | ﹤0.01% |
3,435
-90,900
| -96% | -$5.92M |
|
1582
First Trust SMID Cap Rising Dividend Achievers ETF
SDVY
$11.8B
| $225K | ﹤0.01% |
6,372
-364
| -5% | -$12.2K |
|
1583
SS&C Technologies
SSNC
$18.8B
| $223K | ﹤0.01% |
2,701
+148
| +6% | +$11.6K |
|
1584
Elbit Systems
ESLT
$36.5B
| $222K | ﹤0.01% |
496
+103
| +26% | +$41.8K |
|
1585
Franklin FTSE India ETF
FLIN
$2.67B
| $221K | ﹤0.01% |
5,559
+1,298
| +30% | +$49.6K |
|
1586
CALL
Thomson Reuters
TRI
$46B
| $221K | ﹤0.01% |
11
-1,105
| -99% | -$210K |
|
1587
CALL
iShares S&P 100 ETF
OEF
$20.6B
| $221K | ﹤0.01% |
25
| – | – |
|
1588
US Global Jets ETF
JETS
$832M
| $220K | ﹤0.01% |
9,604
-270,760
| -97% | -$5.75M |
|
1589
Invesco Dorsey Wright SmallCap Momentum ETF
DWAS
$449M
| $217K | ﹤0.01% |
2,550
| – | – |
|
1590
Avantis Core Fixed Income ETF
AVIG
$1.96B
| $216K | ﹤0.01% |
5,204
+2,458
| +90% | +$101K |
|
1591
iShares US Consumer Discretionary ETF
IYC
$1.22B
| $215K | ﹤0.01% |
2,164
-1,192
| -36% | -$110K |
|
1592
Korn Ferry
KFY
$4.28B
| $214K | ﹤0.01% |
2,925
+29
| +1% | +$1.93K |
|
1593
FIGS
FIGS
$2.47B
| $214K | ﹤0.01% |
37,965
+36,465
| +2,431% | +$168K |
|
1594
INmune Bio
INMB
$56.6M
| $213K | ﹤0.01% |
92,300
+52,800
| +134% | +$387K |
|
|
1595
PUT
INmune Bio
INMB
$56.6M
| $213K | ﹤0.01% |
921
+528
| +134% | +$3.88K |
|
1596
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.5B
| $212K | ﹤0.01% |
1,954
+36
| +2% | +$3.68K |
|
|
OPTU
1597
Optimum Communications Inc
OPTU
$227M
| $212K | ﹤0.01% |
99,125
-200,000
| -67% | -$469K |
|
1598
Evercore
EVR
$12B
| $212K | ﹤0.01% |
784
-89,343
| -99% | -$19.7M |
|
1599
Coherent
COHR
$64B
| $211K | ﹤0.01% |
2,363
-645
| -21% | -$46.4K |
|
1600
PUT
CGI
GIB
$15.3B
| $210K | ﹤0.01% |
20
-172
| -90% | -$18.1K |
|
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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.