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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 | |
|---|---|---|---|---|---|---|
1751
Rivian
RIVN
$22.5B
| $100K | ﹤0.01% |
6,833
-401
| -6% | -$5.37K |
|
|
FIG
1752
Figma
FIG
$13.7B
| $100K | ﹤0.01% |
+1,933
| New | +$133K |
|
1753
PGIM Ultra Short Bond ETF
PULS
$18.4B
| $100K | ﹤0.01% |
+2,015
| New | +$100K |
|
1754
CALL
Lockheed Martin
LMT
$140B
| $99.8K | ﹤0.01% |
+2
| New | +$907 |
|
1755
iShares Global Infrastructure ETF
IGF
$10.7B
| $99.8K | ﹤0.01% |
1,629
+179
| +12% | +$10.7K |
|
1756
ARK Genomic Revolution ETF
ARKG
$1.75B
| $99.4K | ﹤0.01% |
3,578
+95
| +3% | +$2.4K |
|
1757
W.P. Carey
WPC
$16.3B
| $99.3K | ﹤0.01% |
1,469
+88
| +6% | +$5.76K |
|
1758
Sprott Junior Gold Miners ETF
SGDJ
$336M
| $99.2K | ﹤0.01% |
1,389
-1,133
| -45% | -$63.8K |
|
1759
BigBear.ai
BBAI
$1.56B
| $98.9K | ﹤0.01% |
15,196
-323,020
| -96% | -$2.07M |
|
1760
Twilio
TWLO
$37B
| $98.8K | ﹤0.01% |
987
+60
| +6% | +$6.75K |
|
1761
JPMorgan US Momentum Factor ETF
JMOM
$2.64B
| $98.4K | ﹤0.01% |
+1,450
| New | +$95K |
|
1762
Corebridge Financial
CRBG
$15.3B
| $98.3K | ﹤0.01% |
3,066
-2,153
| -41% | -$73.6K |
|
1763
iShares Currency Hedged MSCI Japan ETF
HEWJ
$767M
| $98.1K | ﹤0.01% |
1,995
-610
| -23% | -$28.8K |
|
1764
Zillow
ZG
$7.97B
| $97.9K | ﹤0.01% |
1,342
+21
| +2% | +$1.65K |
|
1765
Tradeweb Markets
TW
$22.4B
| $97.9K | ﹤0.01% |
882
+70
| +9% | +$9K |
|
1766
Dynatrace
DT
$14.4B
| $97.5K | ﹤0.01% |
2,012
+122
| +6% | +$6.17K |
|
|
PFL
1767
PIMCO Income Strategy Fund
PFL
$384M
| $97.3K | ﹤0.01% |
11,505
+500
| +5% | +$4.22K |
|
1768
Polaris
PII
$3.91B
| $97.2K | ﹤0.01% |
1,672
-316
| -16% | -$17K |
|
1769
PUT
IAMGOLD
IAG
$10.5B
| $96.9K | ﹤0.01% |
75
+55
| +275% | +$482 |
|
1770
InterContinental Hotels
IHG
$23.5B
| $96.7K | ﹤0.01% |
798
+12
| +2% | +$1.44K |
|
|
ITIC
1771
Investors Title Co
ITIC
$537M
| $96.3K | ﹤0.01% |
360
+7
| +2% | +$1.63K |
|
1772
iShares iBonds Dec 2027 Term Corporate ETF
IBDS
$3.87B
| $96K | ﹤0.01% |
3,943
-2,487
| -39% | -$60.3K |
|
1773
Royalty Pharma
RPRX
$26.1B
| $94.8K | ﹤0.01% |
2,688
+216
| +9% | +$7.82K |
|
1774
Ambarella
AMBA
$3.57B
| $94.5K | ﹤0.01% |
1,146
+182
| +19% | +$13.2K |
|
1775
Credit Acceptance
CACC
$6.09B
| $94.3K | ﹤0.01% |
202
-11
| -5% | -$5.49K |
|
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.