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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
+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
Cap. Flow
-$14B
Cap. Flow %
-13.98%
Top 10 Hldgs %
28.48%
Holding
3,287
New
313
Increased
899
Reduced
1,215
Closed
454

Top Buys

Rank Stock Value
1
MSTR icon
Strategy Inc
MSTR
+$548M
2
FISV
Fiserv Inc
FISV
+$286M
3
AMGN icon
Amgen
AMGN
+$251M
4
PLTR icon
Palantir
PLTR
+$229M
5
RY icon
Royal Bank of Canada
RY
+$200M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$1.11B
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$1.09B
3
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$702M
4
TSLA icon
Tesla
TSLA
+$636M
5
MSFT icon
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
NLR icon
1651
VanEck Uranium + Nuclear Energy ETF
NLR
$4.19B
$140K ﹤0.01%
1,030
– –
LYB icon
1652
LyondellBasell Industries
LYB
$20.6B
$139K ﹤0.01%
2,845
-3,666
-56% -$207K
CASY icon
1653
Casey's General Stores
CASY
$31.6B
$139K ﹤0.01%
246
+15
+6% +$7.85K
VIS icon
1654
Vanguard Industrials ETF
VIS
$8.52B
$139K ﹤0.01%
468
+22
+5% +$6.38K
NOMD icon
1655
Nomad Foods
NOMD
$1.66B
$138K ﹤0.01%
10,537
-33,927
-76% -$531K
UNG icon
1656
United States Natural Gas Fund
UNG
$490M
$138K ﹤0.01%
10,549
+6,138
+139% +$82.2K
PEJ icon
1657
Invesco Leisure and Entertainment ETF
PEJ
$315M
$138K ﹤0.01%
2,268
– –
SOUN icon
1658
SoundHound AI
SOUN
$3.28B
$137K ﹤0.01%
8,548
+196
+2% +$2.6K
VOXR
1659
Vox Royalty Corp
VOXR
$360M
$137K ﹤0.01%
34,574
+5,664
+20% +$19.4K
AX icon
1660
Axos Financial
AX
$5.79B
$137K ﹤0.01%
1,620
-160
-9% -$13.9K
HHH icon
1661
Howard Hughes
HHH
$3.98B
$137K ﹤0.01%
1,667
-21,333
-93% -$1.58M
MANU icon
1662
Manchester United
MANU
$4.15B
$136K ﹤0.01%
9,027
-145
-2% -$2.46K
SPYV icon
1663
State Street SPDR Portfolio S&P 500 Value ETF
SPYV
$36.8B
$136K ﹤0.01%
2,466
-1,133
-31% -$61K
TOST icon
1664
Toast
TOST
$20.2B
$136K ﹤0.01%
3,725
-69,629
-95% -$3.02M
IYC icon
1665
iShares US Consumer Discretionary ETF
IYC
$1.22B
$135K ﹤0.01%
1,292
-872
-40% -$89.4K
QQQE icon
1666
Direxion NASDAQ-100 Equal Weighted Index ETF
QQQE
$1.44B
$135K ﹤0.01%
1,329
-5
-0.4% -$495
XHB icon
1667
State Street SPDR S&P Homebuilders ETF
XHB
$1.59B
$135K ﹤0.01%
1,218
+436
+56% +$47.8K
VV icon
1668
Vanguard Morningstar Large-Cap ETF
VV
$54.7B
$135K ﹤0.01%
+438
New +$130K
NG icon
1669
CALL
NovaGold Resources
NG
$3.49B
$134K ﹤0.01%
152
+120
+375% +$734
PUK icon
1670
Prudential
PUK
$34.6B
$134K ﹤0.01%
4,784
+77
+2% +$2.02K
SPYG icon
1671
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$55.3B
$133K ﹤0.01%
1,274
-707
-36% -$70.4K
MAIN icon
1672
Main Street Capital
MAIN
$5.51B
$133K ﹤0.01%
2,090
– –
ACB
1673
Aurora Cannabis
ACB
$226M
$132K ﹤0.01%
22,209
+18,094
+440% +$88.3K
BWXT icon
1674
BWX Technologies
BWXT
$15.8B
$131K ﹤0.01%
713
-42
-6% -$6.76K
FLJP icon
1675
Franklin FTSE Japan ETF
FLJP
$4.13B
$131K ﹤0.01%
3,799
-1,828
-32% -$60.9K
65 66
67
68 69

Similar funds

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
California Public Employees Retirement System
California Public Employees Retirement System Sacramento, California $162B AUM 25.78% 1-Year Est. Return
D.E. Shaw & Co
D.E. Shaw & Co New York $166B AUM 43.98% 1-Year Est. Return
DZ Bank
DZ Bank Frankfurt Am Main, Germany $113B AUM 36.92% 1-Year Est. Return
Allianz Asset Management
Allianz Asset Management Munich, Germany $95.4B AUM 38.74% 1-Year Est. Return
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS) West Sacramento, California $94.5B AUM 29.33% 1-Year Est. Return

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.