National Bank of Canada Portfolio holdings

National Bank of Canada's Q1 2023 Portfolio in Review

As of Q1 2023, National Bank of Canada held 2,960 positions worth $40.6B, up 3.5% from $39.3B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

National Bank of Canada withdrew a net $2.07B in Q1 2023, closing 253 positions and reducing 931 holdings. Its most notable exit was Banco Bradesco, an estimated $142M position sold in full.

By sector, the portfolio is most concentrated in Financials at 24% of assets, down from 25% a quarter earlier, followed by Technology and Energy.

Against the trend, National Bank of Canada opened a new position in Frontdoor worth $33.5M.

• National Bank of Canada's largest Q1 2023 buy was Frontdoor: 1,200,000 shares worth $33.5M.
• National Bank of Canada added most to iShares MSCI ACWI ETF in Q1 2023, an estimated $620M increase.
• National Bank of Canada's biggest Q1 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $830M.
• National Bank of Canada fully exited Banco Bradesco in Q1 2023, selling an estimated $142M.
• National Bank of Canada's ten largest holdings make up 26% of its $40.6B portfolio in Q1 2023.
• National Bank of Canada opened 195 new positions and closed 253 in Q1 2023.
• National Bank of Canada's portfolio value rose 3.5% quarter-over-quarter to $40.6B.

Based on National Bank of Canada's 13F filing for Q1 2023, filed 12 Apr 2023.