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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
+12.88%
1 Year Est. Return
+31.26%
3 Year Est. Return
+84.25%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$62.6B
AUM Growth
-$3.11B
(-4.7%)
Cap. Flow
-$8.57B
Cap. Flow
% of AUM
-13.7%
Top 10 Holdings %
Top 10 Hldgs %
23.97%
Holding
2,962
New
190
Increased
862
Reduced
990
Closed
256
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$739M |
| 2 |
Apple
AAPL
|
+$436M |
| 3 |
Broadcom
AVGO
|
+$405M |
| 4 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$305M |
| 5 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$202M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$1.04B |
| 2 |
NVIDIA
NVDA
|
+$709M |
| 3 |
Advanced Micro Devices
AMD
|
+$687M |
| 4 |
Toronto Dominion Bank
TD
|
+$647M |
| 5 |
iShares MSCI Emerging Markets ETF
EEM
|
+$483M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.1% |
| 2 | Financials | 18.09% |
| 3 | Healthcare | 6.87% |
| 4 | Consumer Discretionary | 6.64% |
| 5 | Industrials | 6.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$3.71T
| $2.5B | 4% |
6,748,814
+9,178
| +0.1% | +$3.27M |
|
|
2
Apple
AAPL
$4.57T
| $2.44B | 3.91% |
13,172,227
+2,358,961
| +22% | +$436M |
|
3
Royal Bank of Canada
RY
$293B
| $1.93B | 3.08% |
19,209,624
-392,434
| -2% | -$34.6M |
|
|
4
Toronto Dominion Bank
TD
$200B
| $1.79B | 2.87% |
27,918,186
-10,788,834
| -28% | -$647M |
|
|
5
NVIDIA
NVDA
$5.42T
| $1.32B | 2.12% |
27,488,720
-15,300,400
| -36% | -$709M |
|
|
6
Amazon
AMZN
$2.96T
| $1.25B | 1.99% |
8,312,100
-7,401,811
| -47% | -$1.04B |
|
7
Bank of Montreal
BMO
$127B
| $998M | 1.6% |
10,195,214
-1,289,362
| -11% | -$108M |
|
|
8
State Street SPDR S&P 500 ETF Trust
SPY
$810B
| $981M | 1.57% |
2,075,423
+1,658,953
| +398% | +$739M |
|
|
9
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$810B
| $955M | 1.53% |
20,200
+14,045
| +228% | +$6.26M |
|
10
Scotiabank
BNS
$108B
| $821M | 1.31% |
17,285,427
-1,363,070
| -7% | -$60M |
|
11
Canadian National Railway
CNI
$76.6B
| $801M | 1.28% |
6,385,441
+311,961
| +5% | +$35.3M |
|
|
12
Broadcom
AVGO
$2.04T
| $791M | 1.26% |
7,290,340
+4,278,400
| +142% | +$405M |
|
|
13
State Street Financial Select Sector SPDR ETF
XLF
$58.8B
| $781M | 1.25% |
20,680,311
+5,848,028
| +39% | +$202M |
|
14
JPMorgan Chase
JPM
$950B
| $713M | 1.14% |
4,142,984
+719,060
| +21% | +$109M |
|
15
Enbridge
ENB
$112B
| $706M | 1.13% |
19,461,625
+1,272,213
| +7% | +$42.9M |
|
16
Alphabet (Google) Class A
GOOGL
$4.33T
| $702M | 1.12% |
5,080,014
-674,301
| -12% | -$90.6M |
|
17
BCE
BCE
$21.2B
| $643M | 1.03% |
15,933,185
+221,174
| +1% | +$8.56M |
|
18
Canadian Imperial Bank of Commerce
CM
$108B
| $616M | 0.98% |
12,866,940
-3,059,838
| -19% | -$122M |
|
19
Shopify
SHOP
$195B
| $577M | 0.92% |
7,811,676
-26,515
| -0.3% | -$1.69M |
|
|
20
CALL
Apple
AAPL
$4.57T
| $550M | 0.88% |
29,618
+23,806
| +410% | +$4.4M |
|
21
Manulife Financial
MFC
$73.5B
| $547M | 0.87% |
25,083,275
-4,151,961
| -14% | -$79.7M |
|
|
22
CALL
Amazon
AMZN
$2.96T
| $547M | 0.87% |
+36,475
| New | +$5.11M |
|
|
23
Alphabet (Google) Class C
GOOG
$4.32T
| $495M | 0.79% |
3,548,205
-2,550,035
| -42% | -$346M |
|
24
Costco
COST
$420B
| $434M | 0.69% |
667,260
+222,240
| +50% | +$132M |
|
25
Bank of America
BAC
$442B
| $405M | 0.65% |
11,943,727
-12,023,295
| -50% | -$350M |
|
Similar funds
VAM
National Bank of Canada's Q4 2023 Portfolio in Review
As of Q4 2023, National Bank of Canada held 2,962 positions worth $62.6B, down 4.7% from $65.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
National Bank of Canada withdrew a net $8.57B in Q4 2023, closing 256 positions and reducing 990 holdings. Its most notable exit was Horizon Therapeutics Public Limited Company Ordinary Shares, an estimated $102M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.
Against the trend, National Bank of Canada opened a new position in Mirati Therapeutics, Inc. Common Stock worth $28M.
- National Bank of Canada's largest Q4 2023 buy was Mirati Therapeutics, Inc. Common Stock: 473,500 shares worth $28M.
- National Bank of Canada added most to State Street SPDR S&P 500 ETF Trust in Q4 2023, an estimated $739M increase.
- National Bank of Canada's biggest Q4 2023 reduction was Amazon, cutting an estimated $1.04B.
- National Bank of Canada fully exited Horizon Therapeutics Public Limited Company Ordinary Shares in Q4 2023, selling an estimated $102M.
- National Bank of Canada's ten largest holdings make up 24% of its $62.6B portfolio in Q4 2023.
- National Bank of Canada opened 190 new positions and closed 256 in Q4 2023.
- National Bank of Canada's portfolio value fell 4.7% quarter-over-quarter to $62.6B.
Based on National Bank of Canada's 13F filing for Q4 2023, filed 6 Feb 2024.