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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
+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
Cap. Flow
-$6.15B
Cap. Flow %
-5.84%
Top 10 Hldgs %
26.91%
Holding
3,275
New
443
Increased
1,132
Reduced
929
Closed
300

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$699M
2
UNH icon
UnitedHealth
UNH
+$618M
3
AMZN icon
Amazon
AMZN
+$433M
4
LLY icon
Eli Lilly
LLY
+$410M
5
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$392M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$845M
2
TSLA icon
Tesla
TSLA
+$639M
3
MSFT icon
Microsoft
MSFT
+$528M
4
AVGO icon
Broadcom
AVGO
+$322M
5
TSM icon
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
RNR icon
1876
RenaissanceRe
RNR
$13.2B
$70.9K ﹤0.01%
292
+73
+33% +$17.7K
SPYX icon
1877
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF
SPYX
$2.89B
$70.6K ﹤0.01%
+1,392
New +$65.4K
TDIV icon
1878
First Trust NASDAQ Technology Dividend Index Fund
TDIV
$4.47B
$69.9K ﹤0.01%
775
– –
MEOH icon
1879
PUT
Methanex
MEOH
$4.17B
$69.5K ﹤0.01%
21
-85
-80% -$2.74K
EQL icon
1880
ALPS Equal Sector Weight ETF
EQL
$768M
$69.3K ﹤0.01%
+1,582
New +$66.2K
GSWO
1881
Goldman Sachs ActiveBeta World Equity ETF
GSWO
$1.81B
$68.4K ﹤0.01%
1,248
+509
+69% +$26.7K
AUR icon
1882
Aurora
AUR
$13.4B
$68K ﹤0.01%
13,011
-398
-3% -$2.5K
VMBS icon
1883
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.7B
$67.7K ﹤0.01%
1,465
– –
INDI icon
1884
indie Semiconductor
INDI
$875M
$67.6K ﹤0.01%
19,052
+1,200
+7% +$3.02K
LITE icon
1885
Lumentum
LITE
$78B
$67.6K ﹤0.01%
712
+240
+51% +$17K
IWO icon
1886
iShares Russell 2000 Growth ETF
IWO
$15.1B
$67.4K ﹤0.01%
236
+76
+48% +$20K
UNG icon
1887
United States Natural Gas Fund
UNG
$489M
$67.3K ﹤0.01%
4,411
+4,400
+40,000% +$75.9K
FLRN icon
1888
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
$2.97B
$67.2K ﹤0.01%
2,189
– –
FCEL icon
1889
FuelCell Energy
FCEL
$1.63B
$67.2K ﹤0.01%
11,977
-170,597
-93% -$828K
FURY
1890
Fury Gold Mines
FURY
$116M
$67.2K ﹤0.01%
138,612
+677
+0.5% +$283
EFG icon
1891
iShares MSCI EAFE Growth ETF
EFG
$17.4B
$67.1K ﹤0.01%
599
– –
FCEL icon
1892
PUT
FuelCell Energy
FCEL
$1.63B
$66.8K ﹤0.01%
119
-2,095
-95% -$10.2K
SLQD icon
1893
iShares 0-5 Year Investment Grade Corporate Bond ETF
SLQD
$2.38B
$66.5K ﹤0.01%
1,315
– –
BTG icon
1894
PUT
B2Gold
BTG
$6.7B
$65.4K ﹤0.01%
181
-85
-32% -$279
RKT icon
1895
CALL
Rocket Companies
RKT
$42.6B
$65.2K ﹤0.01%
+46
New +$597
NUKZ icon
1896
Range Nuclear Renaissance Index ETF
NUKZ
$810M
$65.1K ﹤0.01%
1,152
-505
-30% -$23.2K
XYLD icon
1897
Global X S&P 500 Covered Call ETF
XYLD
$3.28B
$65.1K ﹤0.01%
1,672
-86
-5% -$3.3K
VRP icon
1898
Invesco Variable Rate Preferred ETF
VRP
$3.01B
$65.1K ﹤0.01%
2,662
– –
REVG
1899
DELISTED
REV Group
REVG
$64.8K ﹤0.01%
1,362
+407
+43% +$15.1K
SPXC icon
1900
SPX Corp
SPXC
$10.9B
$64.7K ﹤0.01%
386
+65
+20% +$9.52K
74 75
76
77 78

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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.