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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 | |
|---|---|---|---|---|---|---|
2176
Progyny
PGNY
$1.99B
| $20.2K | ﹤0.01% |
919
+76
| +9% | +$1.67K |
|
2177
VanEck Africa Index ETF
AFK
$104M
| $20.1K | ﹤0.01% |
1,000
| – | – |
|
2178
Pulse Biosciences
PLSE
$3.2B
| $19.9K | ﹤0.01% |
1,322
-90
| -6% | -$1.49K |
|
2179
PUT
Fortress Biotech
FBIO
$99M
| $19.9K | ﹤0.01% |
+107
| New | +$185 |
|
2180
ePlus
PLUS
$2.31B
| $19.8K | ﹤0.01% |
275
+32
| +13% | +$2.1K |
|
2181
iShares MSCI Malaysia ETF
EWM
$332M
| $19.8K | ﹤0.01% |
814
| – | – |
|
2182
Macy's
M
$6.27B
| $19.8K | ﹤0.01% |
1,701
-262
| -13% | -$3.04K |
|
|
DSY
2183
Big Tree Cloud Holdings
DSY
$20.2M
| $19.7K | ﹤0.01% |
705
+405
| +135% | +$11.2K |
|
|
2184
Fortress Biotech
FBIO
$99M
| $19.7K | ﹤0.01% |
+10,600
| New | +$18.4K |
|
2185
SIGA Technologies
SIGA
$207M
| $19.6K | ﹤0.01% |
3,000
+1,000
| +50% | +$6K |
|
2186
ZIM Integrated Shipping Services
ZIM
$3.23B
| $19.3K | ﹤0.01% |
1,203
+658
| +121% | +$10.4K |
|
|
ACB
2187
PUT
Aurora Cannabis
ACB
$235M
| $19K | ﹤0.01% |
45
-8
| -15% | -$39 |
|
|
HAPN
2188
Happen Inc
HAPN
$2.27B
| $19K | ﹤0.01% |
1,576
-881
| -36% | -$9.15K |
|
2189
Fomento Económico Mexicano
FMX
$39.7B
| $18.9K | ﹤0.01% |
184
-143
| -44% | -$14.8K |
|
2190
The Bancorp
TBBK
$2.82B
| $18.8K | ﹤0.01% |
331
-6
| -2% | -$303 |
|
2191
Sterling Infrastructure
STRL
$16.9B
| $18.7K | ﹤0.01% |
+81
| New | +$14.1K |
|
2192
First Trust STOXX European Select Dividend Income Fund
FDD
$909M
| $18.6K | ﹤0.01% |
1,200
+500
| +71% | +$7.29K |
|
2193
ASP Isotopes
ASPI
$539M
| $18.5K | ﹤0.01% |
2,514
-6,086
| -71% | -$40.8K |
|
|
OPP
2194
RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
$192M
| $18.4K | ﹤0.01% |
2,164
| – | – |
|
|
HI
2195
DELISTED
Hillenbrand
HI
| $18.3K | ﹤0.01% |
912
+73
| +9% | +$1.52K |
|
2196
Schwab US Mid-Cap ETF
SCHM
$15.3B
| $18.3K | ﹤0.01% |
651
| – | – |
|
2197
Spectrum Brands
SPB
$2.09B
| $18.2K | ﹤0.01% |
344
-28
| -8% | -$1.67K |
|
|
LOVE
2198
LoveSac
LOVE
$258M
| $18.2K | ﹤0.01% |
+1,000
| New | +$19K |
|
2199
Wingstop
WING
$3.1B
| $18.2K | ﹤0.01% |
54
-257
| -83% | -$76.1K |
|
2200
Skyward Specialty Insurance
SKWD
$2.39B
| $18.1K | ﹤0.01% |
314
-17
| -5% | -$981 |
|
Similar funds
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.