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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 | |
|---|---|---|---|---|---|---|
|
OBE
1676
Obsidian Energy
OBE
$723M
| $153K | ﹤0.01% |
27,703
+3,793
| +16% | +$18.8K |
|
1677
Franklin FTSE Japan Hedged ETF
FLJH
$207M
| $153K | ﹤0.01% |
4,743
+581
| +14% | +$17.9K |
|
1678
Ubiquiti
UI
$35.2B
| $152K | ﹤0.01% |
370
+29
| +9% | +$10.6K |
|
1679
Dimensional US Targeted Value ETF
DFAT
$14.9B
| $152K | ﹤0.01% |
2,824
| – | – |
|
1680
FT Vest US Equity Buffer ETF January
FJAN
$1.46B
| $152K | ﹤0.01% |
3,200
| – | – |
|
|
FARO
1681
DELISTED
Faro Technologies
FARO
| $152K | ﹤0.01% |
3,454
+192
| +6% | +$7.03K |
|
1682
Unity
U
$20.2B
| $152K | ﹤0.01% |
6,260
+2,536
| +68% | +$55.8K |
|
1683
Eve Holding
EVEX
$972M
| $151K | ﹤0.01% |
+22,000
| New | +$98K |
|
|
1684
PUT
Eve Holding
EVEX
$972M
| $151K | ﹤0.01% |
+220
| New | +$980 |
|
1685
Vontier
VNT
$4.47B
| $151K | ﹤0.01% |
4,087
+448
| +12% | +$15.3K |
|
1686
M/I Homes
MHO
$3.88B
| $149K | ﹤0.01% |
1,331
+167
| +14% | +$18.1K |
|
1687
PUT
Plug Power
PLUG
$3.3B
| $149K | ﹤0.01% |
1,000
-30
| -3% | -$30 |
|
1688
MSC Industrial Direct
MSM
$6.83B
| $149K | ﹤0.01% |
1,751
+151
| +9% | +$11.9K |
|
1689
PUT
Gildan
GIL
$10.5B
| $148K | ﹤0.01% |
+30
| New | +$1.38K |
|
1690
Delek Logistics
DKL
$2.79B
| $146K | ﹤0.01% |
3,406
-68
| -2% | -$2.76K |
|
|
CNH
1691
CNH Industrial
CNH
$16.9B
| $145K | ﹤0.01% |
11,192
+3,028
| +37% | +$37.4K |
|
1692
Interparfums
IPAR
$3.62B
| $145K | ﹤0.01% |
1,103
+603
| +121% | +$73.7K |
|
1693
Rithm Capital
RITM
$5.81B
| $144K | ﹤0.01% |
12,782
+9,591
| +301% | +$106K |
|
1694
CALL
Alamos Gold
AGI
$14.1B
| $144K | ﹤0.01% |
54
-1
| -2% | -$27 |
|
1695
Pagaya Technologies
PGY
$1.79B
| $143K | ﹤0.01% |
6,737
+9
| +0.1% | +$128 |
|
1696
ProShares Metaverse ETF
VERS
$8.15M
| $143K | ﹤0.01% |
2,715
| – | – |
|
|
CGAU
1697
PUT
Centerra Gold
CGAU
$4.23B
| $143K | ﹤0.01% |
199
+21
| +12% | +$144 |
|
1698
Xtrackers MSCI Emerging Markets Hedged Equity ETF
DBEM
$110M
| $143K | ﹤0.01% |
5,236
+3,084
| +143% | +$79.7K |
|
1699
Algoma Steel
ASTL
$464M
| $142K | ﹤0.01% |
21,144
-19,573
| -48% | -$109K |
|
1700
Liberty Media Series C
FWONK
$26.2B
| $141K | ﹤0.01% |
1,349
+404
| +43% | +$37.5K |
|
Similar funds
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.