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
+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
FAN icon
2001
First Trust Global Wind Energy ETF
FAN
$285M
$41.3K ﹤0.01%
2,279
+400
+21% +$6.59K
SPEM icon
2002
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$17.7B
$41.3K ﹤0.01%
967
– –
AVDV icon
2003
Avantis International Small Cap Value ETF
AVDV
$19.9B
$41.3K ﹤0.01%
520
– –
RYAAY icon
2004
Ryanair
RYAAY
$30.8B
$41.2K ﹤0.01%
714
+238
+50% +$12.1K
VAC icon
2005
Marriott Vacations Worldwide
VAC
$4.1B
$41.1K ﹤0.01%
569
+16
+3% +$1.01K
DFSD
2006
Dimensional Short-Duration Fixed Income ETF
DFSD
$7.18B
$41.1K ﹤0.01%
+856
New +$40.8K
AIA icon
2007
iShares Asia 50 ETF
AIA
$5.07B
$40.5K ﹤0.01%
500
– –
MPT
2008
Medical Properties Trust
MPT
$2.42B
$40.2K ﹤0.01%
9,361
-356
-4% -$1.76K
TRI icon
2009
PUT
Thomson Reuters
TRI
$46B
$40.2K ﹤0.01%
2
-9
-82% -$1.71K
LPX icon
2010
Louisiana-Pacific
LPX
$5.15B
$40.1K ﹤0.01%
466
+12
+3% +$1.07K
SERV
2011
PUT
Serve Robotics
SERV
$428M
$40K ﹤0.01%
35
-2,541
-99% -$22.3K
BTM
2012
DELISTED
Bitcoin Depot
BTM
$40K ﹤0.01%
+1,132
New +$24.1K
PLUG icon
2013
CALL
Plug Power
PLUG
$3.21B
$39.9K ﹤0.01%
+268
New +$267
MT icon
2014
ArcelorMittal
MT
$55.2B
$39.7K ﹤0.01%
1,259
-13,173
-91% -$389K
VSAT icon
2015
Viasat
VSAT
$12B
$39.5K ﹤0.01%
2,709
+88
+3% +$890
LNSR icon
2016
LENSAR
LNSR
$102M
$39.4K ﹤0.01%
3,000
+2,318
+340% +$31.3K
POWA icon
2017
Invesco Bloomberg Pricing Power ETF
POWA
$184M
$38.9K ﹤0.01%
449
– –
ELVA
2018
Electrovaya
ELVA
$376M
$38.7K ﹤0.01%
11,348
+4,273
+60% +$12.6K
FNGS icon
2019
MicroSectors FANG+ ETNs due Jan 8 2038
FNGS
$608M
$38.7K ﹤0.01%
594
– –
GH icon
2020
Guardant Health
GH
$22.2B
$38.5K ﹤0.01%
+741
New +$33.1K
MITT
2021
TPG Mortgage Investment Trust
MITT
$213M
$38.5K ﹤0.01%
5,100
– –
BAB icon
2022
Invesco Taxable Municipal Bond ETF
BAB
$1.01B
$38.5K ﹤0.01%
1,450
+155
+12% +$4.06K
USO icon
2023
United States Oil Fund
USO
$1.77B
$38.3K ﹤0.01%
525
-245
-32% -$17.1K
XSW icon
2024
State Street SPDR S&P Software & Services ETF
XSW
$515M
$38K ﹤0.01%
200
– –
AEVA
2025
PUT
Aeva Technologies
AEVA
$1.56B
$37.8K ﹤0.01%
+10
New +$152
79 80
81
82 83

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
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
Two Sigma Investments
Two Sigma Investments New York $124B AUM 33.93% 1-Year Est. Return
California Public Employees Retirement System
California Public Employees Retirement System Sacramento, California $162B AUM 25.78% 1-Year Est. Return
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada $116B AUM 26.37% 1-Year Est. Return
D.E. Shaw & Co
D.E. Shaw & Co New York $166B AUM 43.98% 1-Year Est. Return

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.