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National Bank of Canada Portfolio holdings
AUM
$112B
1-Year Est. Return
31.26%
This Fund
S&P 500
This Quarter
Est. Return
+6.54%
1 Year Est. Return
+31.26%
3 Year Est. Return
+84.25%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$54.6B
AUM Growth
+$14B
(+34%)
Cap. Flow
+$9.71B
Cap. Flow
% of AUM
17.77%
Top 10 Holdings %
Top 10 Hldgs %
25.34%
Holding
2,899
New
194
Increased
1,091
Reduced
732
Closed
173
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$1.08B |
| 2 |
Apple
AAPL
|
+$786M |
| 3 |
Microsoft
MSFT
|
+$680M |
| 4 |
Goldman Sachs
GS
|
+$536M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$359M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Canadian Natural Resources
CNQ
|
+$443M |
| 2 |
TC Energy
TRP
|
+$442M |
| 3 |
iShares MSCI ACWI ETF
ACWI
|
+$418M |
| 4 |
Canadian Pacific Kansas City
CP
|
+$369M |
| 5 |
Thomson Reuters
TRI
|
+$116M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.72% |
| 2 | Technology | 16.72% |
| 3 | Consumer Discretionary | 8.94% |
| 4 | Communication Services | 7.27% |
| 5 | Industrials | 6.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Amazon
AMZN
$2.96T
| $2.09B | 3.83% |
16,053,266
+9,494,489
| +145% | +$1.08B |
|
2
Toronto Dominion Bank
TD
$200B
| $1.99B | 3.63% |
32,041,517
+1,247,749
| +4% | +$75.1M |
|
|
3
Microsoft
MSFT
$3.71T
| $1.84B | 3.37% |
5,442,819
+2,168,170
| +66% | +$680M |
|
4
Royal Bank of Canada
RY
$293B
| $1.79B | 3.29% |
18,804,912
+621,046
| +3% | +$59.3M |
|
|
5
Apple
AAPL
$4.57T
| $1.62B | 2.97% |
8,427,254
+4,511,520
| +115% | +$786M |
|
6
Bank of Montreal
BMO
$127B
| $1.11B | 2.03% |
12,294,396
+278,859
| +2% | +$24.7M |
|
7
Scotiabank
BNS
$108B
| $974M | 1.78% |
19,479,135
+753,908
| +4% | +$37.4M |
|
8
NVIDIA
NVDA
$5.42T
| $950M | 1.74% |
22,386,800
+7,162,160
| +47% | +$238M |
|
|
9
Alphabet (Google) Class A
GOOGL
$4.33T
| $738M | 1.35% |
6,157,053
+2,767,048
| +82% | +$318M |
|
10
Canadian National Railway
CNI
$76.6B
| $733M | 1.34% |
6,058,466
+229,938
| +4% | +$27.3M |
|
11
BCE
BCE
$21.2B
| $701M | 1.28% |
15,388,013
-133,170
| -0.9% | -$6.2M |
|
12
Canadian Imperial Bank of Commerce
CM
$108B
| $670M | 1.23% |
15,696,734
+1,307,942
| +9% | +$55.3M |
|
13
JPMorgan Chase
JPM
$950B
| $645M | 1.18% |
4,402,613
+1,240,039
| +39% | +$171M |
|
14
Enbridge
ENB
$112B
| $636M | 1.16% |
17,148,104
+264,819
| +2% | +$10.1M |
|
|
15
Alphabet (Google) Class C
GOOG
$4.32T
| $630M | 1.15% |
5,223,098
+3,105,211
| +147% | +$359M |
|
16
Manulife Financial
MFC
$73.5B
| $573M | 1.05% |
30,353,591
-595,565
| -2% | -$11.4M |
|
|
17
Goldman Sachs
GS
$303B
| $572M | 1.05% |
1,751,853
+1,629,954
| +1,337% | +$536M |
|
18
Shopify
SHOP
$195B
| $554M | 1.01% |
8,573,064
+1,903,177
| +29% | +$108M |
|
|
19
Canadian Natural Resources
CNQ
$93.8B
| $533M | 0.98% |
18,956,730
-15,509,548
| -45% | -$443M |
|
20
iShares MSCI Emerging Markets ETF
EEM
$29.5B
| $524M | 0.96% |
13,103,791
+4,864,769
| +59% | +$191M |
|
21
PUT
iShares S&P 100 ETF
OEF
$20.6B
| $486M | 0.89% |
123,250
+37,250
| +43% | +$7.24M |
|
|
22
TC Energy
TRP
$65.9B
| $480M | 0.88% |
11,890,143
-10,816,677
| -48% | -$442M |
|
23
CGI
GIB
$15.5B
| $411M | 0.75% |
3,905,092
-44,827
| -1% | -$4.57M |
|
24
Advanced Micro Devices
AMD
$789B
| $408M | 0.75% |
3,544,383
+2,424,675
| +217% | +$252M |
|
25
UnitedHealth
UNH
$370B
| $403M | 0.74% |
843,637
+544,464
| +182% | +$266M |
|
Similar funds
VAM
National Bank of Canada's Q2 2023 Portfolio in Review
As of Q2 2023, National Bank of Canada held 2,899 positions worth $54.6B, up 34% from $40.6B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
National Bank of Canada deployed $9.71B of net new capital in Q2 2023, opening 194 new positions and adding to 1,091 existing holdings. Its largest new stake was Kanzhun: 2,448,500 shares worth $38M.
By sector, the portfolio is most concentrated in Financials at 22% of assets, down from 24% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Canadian Natural Resources, an estimated $443M trimmed.
- National Bank of Canada's largest Q2 2023 buy was Kanzhun: 2,448,500 shares worth $38M.
- National Bank of Canada added most to Amazon in Q2 2023, an estimated $1.08B increase.
- National Bank of Canada's biggest Q2 2023 reduction was Canadian Natural Resources, cutting an estimated $443M.
- National Bank of Canada fully exited Shaw Communications Inc. in Q2 2023, selling an estimated $98.8M.
- National Bank of Canada's ten largest holdings make up 25% of its $54.6B portfolio in Q2 2023.
- National Bank of Canada opened 194 new positions and closed 173 in Q2 2023.
- National Bank of Canada's portfolio value rose 34% quarter-over-quarter to $54.6B.
Based on National Bank of Canada's 13F filing for Q2 2023, filed 26 Jul 2023.