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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
GRCE
2401
Grace Therapeutics
GRCE
$43.5M
$8.07K ﹤0.01%
2,716
-2
-0.1% -$5
SNEX icon
2402
StoneX
SNEX
$8.05B
$8.06K ﹤0.01%
200
-207
-51% -$7.78K
CSV icon
2403
Carriage Services
CSV
$555M
$8.04K ﹤0.01%
176
-152
-46% -$6.35K
ACMR icon
2404
ACM Research
ACMR
$5.65B
$7.89K ﹤0.01%
305
-24
-7% -$540
FTEC icon
2405
Fidelity MSCI Information Technology Index ETF
FTEC
$21.6B
$7.88K ﹤0.01%
40
– –
SETM icon
2406
Sprott Energy Transition Materials ETF
SETM
$584M
$7.88K ﹤0.01%
455
– –
HRTG icon
2407
Heritage Insurance Holdings
HRTG
$989M
$7.82K ﹤0.01%
+314
New +$6.71K
GTOQ
2408
Invesco High Yield Systematic Bond ETF
GTOQ
$182M
$7.72K ﹤0.01%
341
– –
ACI icon
2409
Albertsons Companies
ACI
$6.02B
$7.54K ﹤0.01%
351
+320
+1,032% +$6.96K
BAR icon
2410
GraniteShares Gold Shares
BAR
$1.46B
$7.5K ﹤0.01%
+230
New +$7.45K
DBEU icon
2411
Xtrackers MSCI Europe Hedged Equity ETF
DBEU
$802M
$7.49K ﹤0.01%
170
– –
CLDX icon
2412
Celldex Therapeutics
CLDX
$3.35B
$7.45K ﹤0.01%
366
-1
-0.3% -$19
XENE icon
2413
Xenon Pharmaceuticals
XENE
$6.21B
$7.35K ﹤0.01%
235
– –
KLG
2414
DELISTED
WK Kellogg Co
KLG
$7.29K ﹤0.01%
458
-23
-5% -$400
VOTE icon
2415
TCW Transform 500 ETF
VOTE
$1.15B
$7.28K ﹤0.01%
100
– –
BOAT icon
2416
SonicShares Global Shipping ETF
BOAT
$85.2M
$7.26K ﹤0.01%
256
– –
NOG icon
2417
Northern Oil and Gas
NOG
$2.61B
$7.11K ﹤0.01%
251
+92
+58% +$2.48K
CPRI icon
2418
Capri Holdings
CPRI
$1.77B
$7.08K ﹤0.01%
400
+172
+75% +$2.83K
SKY icon
2419
Champion Homes
SKY
$5.23B
$7.07K ﹤0.01%
113
+46
+69% +$3.58K
CTEC icon
2420
Global X ClimateTech ETF
CTEC
$26.3M
$7.07K ﹤0.01%
200
– –
EIDO icon
2421
iShares MSCI Indonesia ETF
EIDO
$484M
$7.06K ﹤0.01%
400
– –
LUNR icon
2422
Intuitive Machines
LUNR
$2.82B
$7.03K ﹤0.01%
+648
New +$6.34K
PMT
2423
PennyMac Mortgage Investment
PMT
$828M
$7.03K ﹤0.01%
547
+46
+9% +$586
ESI icon
2424
Element Solutions
ESI
$9.51B
$7.01K ﹤0.01%
+310
New +$6.5K
OGI
2425
Organigram Holdings
OGI
$177M
$7K ﹤0.01%
5,352
-2,238
-29% -$2.73K
95 96
97
98 99

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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.