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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
+6.52%
1 Year Est. Return
+46.34%
3 Year Est. Return
+120.97%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$40.6B
AUM Growth
+$1.38B
(+3.5%)
Cap. Flow
-$2.07B
Cap. Flow
% of AUM
-5.09%
Top 10 Holdings %
Top 10 Hldgs %
25.67%
Holding
2,960
New
195
Increased
950
Reduced
931
Closed
253
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI ACWI ETF
ACWI
|
+$620M |
| 2 |
Amazon
AMZN
|
+$382M |
| 3 |
TC Energy
TRP
|
+$364M |
| 4 |
iShares MSCI Emerging Markets ETF
EEM
|
+$290M |
| 5 |
Canadian Natural Resources
CNQ
|
+$262M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$830M |
| 2 |
Vale
VALE
|
+$564M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$505M |
| 4 |
iShares Russell 2000 ETF
IWM
|
+$300M |
| 5 |
Itaú Unibanco
ITUB
|
+$233M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 23.98% |
| 2 | Technology | 11.97% |
| 3 | Energy | 9.86% |
| 4 | Industrials | 7.94% |
| 5 | Communication Services | 6.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Toronto Dominion Bank
TD
$200B
| $1.84B | 4.54% |
30,793,768
+3,997,094
| +15% | +$258M |
|
2
Royal Bank of Canada
RY
$293B
| $1.74B | 4.28% |
18,183,866
+890,328
| +5% | +$88.2M |
|
3
Bank of Montreal
BMO
$127B
| $1.07B | 2.63% |
12,015,537
+1,429,964
| +14% | +$136M |
|
|
4
Canadian Natural Resources
CNQ
$97.4B
| $953M | 2.35% |
34,466,278
+9,236,352
| +37% | +$262M |
|
5
Microsoft
MSFT
$3.76T
| $943M | 2.32% |
3,274,649
+332,246
| +11% | +$84.7M |
|
6
Scotiabank
BNS
$108B
| $942M | 2.32% |
18,725,227
-4,114,999
| -18% | -$211M |
|
|
7
TC Energy
TRP
$66B
| $883M | 2.17% |
22,706,820
+8,950,372
| +65% | +$364M |
|
8
BCE
BCE
$21B
| $695M | 1.71% |
15,521,183
-359,668
| -2% | -$16.2M |
|
9
Canadian National Railway
CNI
$75.7B
| $687M | 1.69% |
5,828,528
-149,226
| -2% | -$17.6M |
|
|
10
Amazon
AMZN
$3T
| $677M | 1.67% |
6,558,777
+3,950,143
| +151% | +$382M |
|
11
Apple
AAPL
$4.5T
| $646M | 1.59% |
3,915,734
-578,803
| -13% | -$85.4M |
|
12
Enbridge
ENB
$112B
| $643M | 1.58% |
16,883,285
-40,536
| -0.2% | -$1.59M |
|
|
13
iShares MSCI ACWI ETF
ACWI
$33.3B
| $634M | 1.56% |
6,958,555
+6,947,687
| +63,928% | +$620M |
|
14
Canadian Imperial Bank of Commerce
CM
$109B
| $610M | 1.5% |
14,388,792
-185,443
| -1% | -$8.14M |
|
15
Manulife Financial
MFC
$73.3B
| $567M | 1.4% |
30,949,156
+951,500
| +3% | +$18.1M |
|
16
Canadian Pacific Kansas City
CP
$79.6B
| $478M | 1.18% |
6,212,169
+55,542
| +0.9% | +$4.29M |
|
17
PUT
iShares Morningstar Value ETF
ILCV
$1.36B
| $433M | 1.07% |
+47,500
| New | +$3.05M |
|
18
NVIDIA
NVDA
$5.27T
| $423M | 1.04% |
15,224,640
+7,343,760
| +93% | +$159M |
|
19
JPMorgan Chase
JPM
$956B
| $412M | 1.01% |
3,162,574
+1,311,706
| +71% | +$180M |
|
20
CGI
GIB
$15.6B
| $380M | 0.94% |
3,949,919
-2,319
| -0.1% | -$208K |
|
21
Telus
TU
$15.1B
| $359M | 0.88% |
18,098,507
-19,280
| -0.1% | -$392K |
|
22
Alphabet (Google) Class A
GOOGL
$4.37T
| $352M | 0.87% |
3,390,005
+743,571
| +28% | +$71.3M |
|
|
WCN
23
Waste Connections
WCN
$41.9B
| $338M | 0.83% |
2,432,690
+45,186
| +2% | +$6.01M |
|
24
Sun Life Financial
SLF
$45.8B
| $336M | 0.83% |
7,199,376
+1,027,026
| +17% | +$49.4M |
|
25
PUT
iShares S&P 100 ETF
OEF
$20.5B
| $333M | 0.82% |
86,000
+74,000
| +617% | +$13.3M |
|
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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.