We are live on ! Find out more
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
FIDI icon
1601
Fidelity International High Dividend ETF
FIDI
$363M
$209K ﹤0.01%
9,000
– –
PPA icon
1602
Invesco Aerospace & Defense ETF
PPA
$8.68B
$209K ﹤0.01%
1,479
-44
-3% -$5.58K
ALKS icon
1603
Alkermes
ALKS
$8.44B
$209K ﹤0.01%
7,313
-18
-0.2% -$536
SGOV icon
1604
iShares 0-3 Month Treasury Bond ETF
SGOV
$101B
$208K ﹤0.01%
2,073
-14,001
-87% -$1.41M
FAF icon
1605
First American
FAF
$7.56B
$205K ﹤0.01%
3,341
-191
-5% -$11.3K
VIGI icon
1606
Vanguard International Dividend Appreciation ETF
VIGI
$9.32B
$205K ﹤0.01%
2,275
+1,610
+242% +$139K
HYGV icon
1607
FlexShares High Yield Value-Scored Bond Index Fund
HYGV
$1.11B
$205K ﹤0.01%
4,992
-1,150
-19% -$46K
LAD icon
1608
Lithia Motors
LAD
$8.32B
$205K ﹤0.01%
606
+22
+4% +$6.8K
INTF icon
1609
iShares International Equity Factor ETF
INTF
$3.77B
$204K ﹤0.01%
5,964
– –
FFSM icon
1610
Fidelity Fundamental Small-Mid Cap ETF
FFSM
$1.59B
$203K ﹤0.01%
7,450
– –
DFIC icon
1611
Dimensional International Core Equity 2 ETF
DFIC
$15.3B
$203K ﹤0.01%
6,531
+1,906
+41% +$55.8K
SGDM icon
1612
Sprott Gold Miners ETF
SGDM
$653M
$202K ﹤0.01%
4,484
-906
-17% -$38.2K
FRDM icon
1613
Freedom 100 Emerging Markets ETF
FRDM
$3.43B
$202K ﹤0.01%
4,992
+258
+5% +$9.59K
MGK icon
1614
Vanguard Morningstar Mega Cap Growth ETF
MGK
$34B
$201K ﹤0.01%
2,740
+125
+5% +$8.24K
AOA icon
1615
iShares Core 80/20 Aggressive Allocation ETF
AOA
$3.3B
$200K ﹤0.01%
2,404
-40
-2% -$3.13K
DJAN icon
1616
FT Vest US Equity Deep Buffer ETF January
DJAN
$483M
$200K ﹤0.01%
4,967
-785
-14% -$30.3K
HUBS icon
1617
HubSpot
HUBS
$12B
$194K ﹤0.01%
349
-449
-56% -$263K
INGM
1618
Ingram Micro Holding
INGM
$6.53B
$193K ﹤0.01%
+9,284
New +$173K
OPRA
1619
Opera Ltd
OPRA
$1.8B
$193K ﹤0.01%
10,241
-1,490
-13% -$25.5K
MDY icon
1620
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27.3B
$192K ﹤0.01%
339
-80
-19% -$42.9K
SPYG icon
1621
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$55.5B
$189K ﹤0.01%
1,981
+737
+59% +$63.2K
TFII icon
1622
CALL
TFI International
TFII
$12.1B
$188K ﹤0.01%
21
-13
-38% -$1.1K
SPYV icon
1623
State Street SPDR Portfolio S&P 500 Value ETF
SPYV
$36.8B
$188K ﹤0.01%
3,599
+1,248
+53% +$62.4K
ASAN icon
1624
Asana
ASAN
$2.28B
$188K ﹤0.01%
13,895
+549
+4% +$8.6K
POST icon
1625
Post Holdings
POST
$3.65B
$187K ﹤0.01%
1,714
-157
-8% -$17.6K
63 64
65
66 67

Similar funds

T. Rowe Price Investment Management
T. Rowe Price Investment Management Baltimore, Maryland $145B AUM 22.78% 1-Year Est. Return
VanEck Associates
VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return
Primecap Management
Primecap Management Pasadena, California $127B AUM 44.11% 1-Year Est. Return
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board Toronto Ontario, Ontario, Canada $155B AUM 29.93% 1-Year Est. Return
Two Sigma Investments
Two Sigma Investments New York $124B AUM 33.93% 1-Year Est. Return
California Public Employees Retirement System
California Public Employees Retirement System Sacramento, California $162B AUM 25.78% 1-Year Est. Return
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada $116B AUM 26.37% 1-Year Est. Return
D.E. Shaw & Co
D.E. Shaw & Co New York $166B AUM 43.98% 1-Year Est. Return

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.