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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
-3.11%
1 Year Est. Return
+31.26%
3 Year Est. Return
+84.25%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$95.5B
AUM Growth
+$1.11B
(+1.2%)
Cap. Flow
+$7.77B
Cap. Flow
% of AUM
8.14%
Top 10 Holdings %
Top 10 Hldgs %
25.01%
Holding
3,248
New
337
Increased
1,070
Reduced
980
Closed
415
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.85B |
| 2 |
Apple
AAPL
|
+$1.72B |
| 3 |
Microsoft
MSFT
|
+$1.17B |
| 4 |
Amazon
AMZN
|
+$1.09B |
| 5 |
NVIDIA
NVDA
|
+$872M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$397M |
| 2 |
Suncor Energy
SU
|
+$387M |
| 3 |
Strategy Inc
MSTR
|
+$340M |
| 4 |
Enbridge
ENB
|
+$269M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$254M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.54% |
| 2 | Financials | 18.94% |
| 3 | Consumer Discretionary | 8.9% |
| 4 | Industrials | 7.28% |
| 5 | Communication Services | 7.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$5.37T
| $4.17B | 4.36% |
38,441,050
+6,882,727
| +22% | +$872M |
|
|
2
Microsoft
MSFT
$3.78T
| $3.91B | 4.09% |
10,404,769
+2,858,791
| +38% | +$1.17B |
|
|
3
Apple
AAPL
$4.48T
| $3.36B | 3.52% |
15,131,546
+7,415,469
| +96% | +$1.72B |
|
|
4
Amazon
AMZN
$2.97T
| $2.19B | 2.29% |
11,488,472
+5,029,819
| +78% | +$1.09B |
|
5
Royal Bank of Canada
RY
$294B
| $2.1B | 2.19% |
18,638,303
+378,379
| +2% | +$44.6M |
|
|
6
Tesla
TSLA
$1.3T
| $1.91B | 2% |
7,374,913
+5,566,098
| +308% | +$1.85B |
|
7
Toronto Dominion Bank
TD
$201B
| $1.88B | 1.96% |
31,320,826
+2,710,075
| +9% | +$158M |
|
8
Meta Platforms (Facebook)
META
$1.52T
| $1.53B | 1.6% |
2,655,590
+725,610
| +38% | +$468M |
|
|
9
Alphabet (Google) Class A
GOOGL
$4.33T
| $1.51B | 1.58% |
9,773,927
-1,398,972
| -13% | -$254M |
|
10
Broadcom
AVGO
$2.05T
| $1.34B | 1.41% |
8,021,810
+3,519,174
| +78% | +$745M |
|
11
Bank of Montreal
BMO
$127B
| $1.24B | 1.3% |
13,036,781
-711,722
| -5% | -$70.4M |
|
12
JPMorgan Chase
JPM
$953B
| $1.11B | 1.16% |
4,518,740
+1,388,991
| +44% | +$354M |
|
13
Scotiabank
BNS
$108B
| $1.05B | 1.1% |
22,228,914
+3,592,367
| +19% | +$180M |
|
|
14
Alphabet (Google) Class C
GOOG
$4.31T
| $1.01B | 1.06% |
6,465,084
+124,390
| +2% | +$22.8M |
|
15
Brookfield
BN
$108B
| $996M | 1.04% |
28,566,176
-265,210
| -0.9% | -$10M |
|
16
Canadian Imperial Bank of Commerce
CM
$109B
| $951M | 1% |
16,932,211
+2,835,960
| +20% | +$171M |
|
17
Shopify
SHOP
$198B
| $870M | 0.91% |
9,180,345
+478,689
| +6% | +$52.2M |
|
|
18
PUT
Tesla
TSLA
$1.3T
| $863M | 0.9% |
33,298
+31,789
| +2,107% | +$10.6M |
|
19
UnitedHealth
UNH
$373B
| $860M | 0.9% |
1,641,177
+950,928
| +138% | +$486M |
|
20
Manulife Financial
MFC
$73.5B
| $842M | 0.88% |
27,031,961
-218,945
| -0.8% | -$6.61M |
|
21
Berkshire Hathaway Class B
BRK.B
$1.15T
| $826M | 0.86% |
1,549,362
+509,695
| +49% | +$248M |
|
22
Costco
COST
$419B
| $768M | 0.8% |
812,188
+371,706
| +84% | +$362M |
|
23
Honeywell
HON
$76.9B
| $763M | 0.8% |
3,825,323
+629,053
| +20% | +$127M |
|
24
Canadian National Railway
CNI
$76.4B
| $736M | 0.77% |
7,579,624
-178,373
| -2% | -$18M |
|
|
25
CALL
Apple
AAPL
$4.48T
| $668M | 0.7% |
30,092
-40,584
| -57% | -$9.4M |
|
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VAM
National Bank of Canada's Q1 2025 Portfolio in Review
As of Q1 2025, National Bank of Canada held 3,248 positions worth $95.5B, up 1.2% from $94.4B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
National Bank of Canada deployed $7.77B of net new capital in Q1 2025, opening 337 new positions and adding to 1,070 existing holdings. Its largest new stake was Futu Holdings: 594,502 shares worth $60.8M.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 22% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Micron Technology, an estimated $397M trimmed.
- National Bank of Canada's largest Q1 2025 buy was Futu Holdings: 594,502 shares worth $60.8M.
- National Bank of Canada added most to Tesla in Q1 2025, an estimated $1.85B increase.
- National Bank of Canada's biggest Q1 2025 reduction was Micron Technology, cutting an estimated $397M.
- National Bank of Canada fully exited Kanzhun in Q1 2025, selling an estimated $36M.
- National Bank of Canada's ten largest holdings make up 25% of its $95.5B portfolio in Q1 2025.
- National Bank of Canada opened 337 new positions and closed 415 in Q1 2025.
- National Bank of Canada's portfolio value rose 1.2% quarter-over-quarter to $95.5B.
Based on National Bank of Canada's 13F filing for Q1 2025, filed 12 May 2025.