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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 | |
|---|---|---|---|---|---|---|
1826
Cooper-Standard Automotive
CPS
$484M
| $86K | ﹤0.01% |
4,008
+9
| +0.2% | +$173 |
|
1827
iShares Global Infrastructure ETF
IGF
$10.7B
| $85.7K | ﹤0.01% |
1,450
+525
| +57% | +$30K |
|
1828
iShares MSCI Israel ETF
EIS
$909M
| $85.1K | ﹤0.01% |
898
| – | – |
|
1829
FT Vest US Equity Buffer ETF May
FMAY
$1.46B
| $85.1K | ﹤0.01% |
+1,700
| New | +$80.1K |
|
1830
ARK Genomic Revolution ETF
ARKG
$1.78B
| $84.8K | ﹤0.01% |
3,483
+459
| +15% | +$10.1K |
|
1831
CALL
ProFrac Holding
ACDC
$936M
| $84.6K | ﹤0.01% |
+109
| New | +$714 |
|
|
BLDP
1832
Ballard Power Systems
BLDP
$790M
| $84.3K | ﹤0.01% |
61,604
-3,188
| -5% | -$4.26K |
|
1833
The Future Fund Long/Short ETF
FFLS
$45.2M
| $84.2K | ﹤0.01% |
+3,339
| New | +$80.7K |
|
1834
Vanguard Russell 2000 Value ETF
VTWV
$1.38B
| $84K | ﹤0.01% |
605
-15
| -2% | -$1.97K |
|
1835
Clean Harbors
CLH
$16.9B
| $83.4K | ﹤0.01% |
361
+132
| +58% | +$28.9K |
|
1836
iShares MSCI ACWI ex US ETF
ACWX
$12B
| $82.9K | ﹤0.01% |
1,361
-118
| -8% | -$6.81K |
|
1837
Five Below
FIVE
$13.2B
| $82.8K | ﹤0.01% |
631
-55,731
| -99% | -$5.43M |
|
1838
Unum
UNM
$14.7B
| $82.2K | ﹤0.01% |
1,018
-3,960
| -80% | -$313K |
|
1839
iShares Global Utilities ETF
JXI
$308M
| $82.1K | ﹤0.01% |
1,115
+1,015
| +1,015% | +$72.5K |
|
1840
Global X SuperDividend US ETF
DIV
$780M
| $81.6K | ﹤0.01% |
4,650
+100
| +2% | +$1.76K |
|
1841
FingerMotion
FNGR
$16.9M
| $81K | ﹤0.01% |
+39,900
| New | +$97.9K |
|
|
NATO
1842
Themes Transatlantic Defense ETF
NATO
$107M
| $80.9K | ﹤0.01% |
+2,265
| New | +$71.7K |
|
1843
U-Haul Holding Co
UHAL
$14.5B
| $80.8K | ﹤0.01% |
1,335
+1,121
| +524% | +$70.1K |
|
1844
Polaris
PII
$3.9B
| $80.8K | ﹤0.01% |
1,988
+646
| +48% | +$24.3K |
|
1845
Karooooo
KARO
$1.94B
| $79.9K | ﹤0.01% |
+1,644
| New | +$77.6K |
|
1846
BJs Wholesale Club
BJ
$11.8B
| $79.6K | ﹤0.01% |
738
-55,500
| -99% | -$6.32M |
|
1847
iShares Global REIT ETF
REET
$5.08B
| $79.5K | ﹤0.01% |
3,216
-5,504
| -63% | -$133K |
|
1848
Dimensional Core Fixed Income ETF
DFCF
$10.9B
| $79.4K | ﹤0.01% |
1,878
| – | – |
|
1849
Takeda Pharmaceutical
TAK
$55.5B
| $79K | ﹤0.01% |
5,111
+145
| +3% | +$2.14K |
|
1850
Gaming and Leisure Properties
GLPI
$12.5B
| $78.3K | ﹤0.01% |
1,678
+502
| +43% | +$23.7K |
|
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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.