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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 | |
|---|---|---|---|---|---|---|
1626
Ingevity
NGVT
$2.58B
| $158K | ﹤0.01% |
2,866
-65
| -2% | -$3.38K |
|
1627
POET Technologies
POET
$1.64B
| $158K | ﹤0.01% |
28,515
+6,713
| +31% | +$37.9K |
|
1628
iShares Russell Mid-Cap Value ETF
IWS
$16.1B
| $157K | ﹤0.01% |
1,127
-2,528
| -69% | -$346K |
|
1629
Post Holdings
POST
$3.67B
| $157K | ﹤0.01% |
1,458
-256
| -15% | -$27.5K |
|
1630
Haleon
HLN
$42.8B
| $156K | ﹤0.01% |
17,385
+1,099
| +7% | +$10.6K |
|
1631
CALL
Stem
STEM
$57.1M
| $156K | ﹤0.01% |
+89
| New | +$1.26K |
|
|
PDO
1632
PIMCO Dynamic Income Opportunities Fund
PDO
$1.83B
| $155K | ﹤0.01% |
11,000
-2,500
| -19% | -$34.3K |
|
1633
Fidelity National Financial
FNF
$13.2B
| $152K | ﹤0.01% |
2,511
-15,869
| -86% | -$922K |
|
1634
NIO
NIO
$11.3B
| $151K | ﹤0.01% |
19,838
-1,671
| -8% | -$9K |
|
1635
iShares Russell 2000 Growth ETF
IWO
$15.1B
| $150K | ﹤0.01% |
470
+234
| +99% | +$70.6K |
|
1636
Delek Logistics
DKL
$2.84B
| $150K | ﹤0.01% |
3,304
-102
| -3% | -$4.51K |
|
1637
Liberty Media Series C
FWONK
$26.2B
| $150K | ﹤0.01% |
1,436
+87
| +6% | +$8.82K |
|
1638
SM Energy
SM
$8B
| $148K | ﹤0.01% |
5,945
+278
| +5% | +$7.5K |
|
1639
Alpha Teknova
TKNO
$387M
| $148K | ﹤0.01% |
+24,000
| New | +$113K |
|
|
OTLY
1640
PUT
Oatly Group
OTLY
$440M
| $147K | ﹤0.01% |
91
-1,504
| -94% | -$24.2K |
|
1641
Cooper-Standard Automotive
CPS
$500M
| $147K | ﹤0.01% |
3,980
-28
| -0.7% | -$853 |
|
|
OLPX
1642
DELISTED
Olaplex Holdings
OLPX
| $145K | ﹤0.01% |
110,915
-2,458
| -2% | -$3.52K |
|
1643
BlackRock Taxable Municipal Bond Trust
BBN
$981M
| $145K | ﹤0.01% |
8,747
| – | – |
|
1644
CALL
SSR Mining
SSRM
$6.56B
| $144K | ﹤0.01% |
59
+9
| +18% | +$152 |
|
1645
Middleby
MIDD
$5.28B
| $144K | ﹤0.01% |
1,084
-2,847
| -72% | -$395K |
|
1646
MSC Industrial Direct
MSM
$6.85B
| $144K | ﹤0.01% |
1,559
-192
| -11% | -$17.1K |
|
1647
Rithm Capital
RITM
$5.78B
| $143K | ﹤0.01% |
12,581
-201
| -2% | -$2.44K |
|
1648
Texas Roadhouse
TXRH
$13.6B
| $143K | ﹤0.01% |
861
-100
| -10% | -$17.6K |
|
1649
Global X MSCI Argentina ETF
ARGT
$810M
| $141K | ﹤0.01% |
2,025
+1,815
| +864% | +$145K |
|
|
PRMB
1650
Primo Brands
PRMB
$9.02B
| $141K | ﹤0.01% |
6,372
-170,341
| -96% | -$4.41M |
|
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.