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
+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
BMO icon
151
CALL
Bank of Montreal
BMO
$129B
$121M 0.12%
9,319
+1,356
+17% +$161K
IBM icon
152
IBM
IBM
$222B
$121M 0.12%
427,703
-31,702
-7% -$8.3M
TMO icon
153
Thermo Fisher Scientific
TMO
$223B
$121M 0.12%
248,803
-41,297
-14% -$19.2M
MGA icon
154
Magna International
MGA
$18.6B
$120M 0.12%
2,533,291
-419,379
-14% -$18.5M
KLAC icon
155
KLA
KLAC
$272B
$119M 0.12%
1,102,620
+30,350
+3% +$2.83M
ADP icon
156
Automatic Data Processing
ADP
$107B
$118M 0.12%
402,408
-52,115
-11% -$15.7M
WM icon
157
Waste Management
WM
$90.5B
$115M 0.11%
518,859
+4,537
+0.9% +$1.02M
SYK icon
158
Stryker
SYK
$133B
$113M 0.11%
306,872
-45,176
-13% -$17.5M
DHR icon
159
Danaher
DHR
$145B
$109M 0.11%
548,325
+78,564
+17% +$15.6M
DASH icon
160
DoorDash
DASH
$92.1B
$108M 0.11%
395,461
+45,123
+13% +$11.3M
BNY
161
Bank of New York Mellon
BNY
$111B
$107M 0.11%
984,792
+410,890
+72% +$41.9M
RTX icon
162
CALL
RTX Corp
RTX
$300B
$107M 0.11%
6,410
+2,910
+83% +$452K
SHW icon
163
Sherwin-Williams
SHW
$87.4B
$107M 0.11%
309,349
-16,481
-5% -$5.81M
UNP icon
164
Union Pacific
UNP
$174B
$107M 0.11%
452,455
-46,327
-9% -$10.4M
EEM icon
165
iShares MSCI Emerging Markets ETF
EEM
$30.4B
$106M 0.11%
1,979,092
+1,969,944
+21,534% +$98.9M
CVE icon
166
Cenovus Energy
CVE
$55.6B
$105M 0.1%
6,199,628
-6,100,310
-50% -$95.2M
SE icon
167
Sea Limited
SE
$78.5B
$105M 0.1%
587,319
-472,639
-45% -$81M
PLTR icon
168
PUT
Palantir
PLTR
$411B
$105M 0.1%
5,733
-5,941
-51% -$963K
MCO icon
169
Moody's
MCO
$82.8B
$104M 0.1%
218,906
-3,414
-2% -$1.72M
CRWD icon
170
CrowdStrike
CRWD
$226B
$104M 0.1%
847,300
-62,748
-7% -$7.13M
C icon
171
Citigroup
C
$231B
$104M 0.1%
1,020,003
-1,486,964
-59% -$141M
NVDA icon
172
PUT
NVIDIA
NVDA
$5.43T
$103M 0.1%
5,537
-43,290
-89% -$7.55M
ACWI icon
173
iShares MSCI ACWI ETF
ACWI
$33.4B
$102M 0.1%
737,744
+278,025
+60% +$36.9M
BX icon
174
Blackstone
BX
$110B
$102M 0.1%
596,368
-655,712
-52% -$112M
RY icon
175
CALL
Royal Bank of Canada
RY
$297B
$101M 0.1%
6,864
-2,379
-26% -$328K
5 6
7
8 9

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
Creative Planning
Creative Planning Overland Park, Kansas $147B AUM 18.73% 1-Year Est. Return
National Pension Service
National Pension Service Jeonju-Si, Jeollabuk-Do, South Korea $132B AUM 28.96% 1-Year Est. Return
Neuberger Berman Group
Neuberger Berman Group New York $131B AUM 28.36% 1-Year Est. Return
Fidelity International
Fidelity International Hamilton, Bermuda $129B AUM 30.83% 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

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.