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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 | |
|---|---|---|---|---|---|---|
|
PSIX
1576
Power Solutions International
PSIX
$940M
| $195K | ﹤0.01% |
1,989
+1,191
| +149% | +$106K |
|
|
INGM
1577
Ingram Micro Holding
INGM
$6.55B
| $195K | ﹤0.01% |
9,076
-208
| -2% | -$4.22K |
|
1578
Rambus
RMBS
$10.8B
| $194K | ﹤0.01% |
+1,859
| New | +$143K |
|
1579
PUT
Eldorado Gold
EGO
$10.3B
| $191K | ﹤0.01% |
66
+10
| +18% | +$235 |
|
1580
Under Armour
UAA
$2.31B
| $190K | ﹤0.01% |
38,016
-449
| -1% | -$2.62K |
|
1581
Lithia Motors
LAD
$8.28B
| $189K | ﹤0.01% |
597
-9
| -1% | -$2.9K |
|
1582
Carlyle Secured Lending
CGBD
$783M
| $186K | ﹤0.01% |
14,894
+2,470
| +20% | +$33.9K |
|
1583
ARK Autonomous Technology & Robotics ETF
ARKQ
$2.09B
| $185K | ﹤0.01% |
1,661
+1,066
| +179% | +$105K |
|
1584
PUT
Open Text
OTEX
$5.92B
| $183K | ﹤0.01% |
49
+42
| +600% | +$1.35K |
|
|
KLAR
1585
Klarna Group
KLAR
$7.86B
| $182K | ﹤0.01% |
+5,000
| New | +$214K |
|
|
AIFC
1586
AI Financial Corp
AIFC
$56.2M
| $182K | ﹤0.01% |
67,974
+25,834
| +61% | +$155K |
|
1587
CALL
Galicia Financial Group
GGAL
$7.03B
| $182K | ﹤0.01% |
+66
| New | +$2.83K |
|
1588
Centrus Energy
LEU
$3.84B
| $182K | ﹤0.01% |
+584
| New | +$129K |
|
1589
Asana
ASAN
$2.13B
| $181K | ﹤0.01% |
13,565
-330
| -2% | -$4.66K |
|
1590
Albertsons Companies
ACI
$6.04B
| $181K | ﹤0.01% |
10,343
+9,992
| +2,847% | +$196K |
|
1591
PUT
SSR Mining
SSRM
$6.59B
| $181K | ﹤0.01% |
74
+38
| +106% | +$643 |
|
1592
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.12B
| $180K | ﹤0.01% |
6,140
+1,355
| +28% | +$39.6K |
|
1593
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$17.6B
| $179K | ﹤0.01% |
3,821
+2,854
| +295% | +$127K |
|
1594
iShares US Regional Banks ETF
IAT
$692M
| $178K | ﹤0.01% |
3,393
| – | – |
|
|
BTQ
1595
BTQ Technologies Corp
BTQ
$589M
| $178K | ﹤0.01% |
+26,180
| New | +$161K |
|
1596
Fidelity Stocks for Inflation ETF
FCPI
$285M
| $178K | ﹤0.01% |
+3,550
| New | +$170K |
|
1597
Global X Dow 30 Covered Call ETF
DJIA
$189M
| $177K | ﹤0.01% |
8,139
+457
| +6% | +$9.91K |
|
1598
HubSpot
HUBS
$11.3B
| $177K | ﹤0.01% |
379
+30
| +9% | +$15.1K |
|
1599
Amplify Cybersecurity ETF
HACK
$3B
| $177K | ﹤0.01% |
2,045
+553
| +37% | +$46.9K |
|
1600
BancFirst
BANF
$3.89B
| $176K | ﹤0.01% |
1,395
-62
| -4% | -$8.01K |
|
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.