BANK OF NOVA SCOTIA

TORONTO, A6 · CIK 9631 · 13F filing filed 2023-02-09

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityTHE BANK OF NOVA SCOTIA (CA)

Other 13F filers in this group: SCOTIA CAPITAL INC. $26.8bn, SCOTIA CAPITAL (USA) INC files a notice, Scotia Administradora General De Fondos Chile S.A. files a notice

$38.6bn reported value +22.9% vs Q3 2022

1,131positions

33.2%in top 10

160 new 417 added 481 reduced 148 sold out vs Q3 2022

Options: 2 call positions ($309.0k notional), 28 put positions ($5.9m notional) – listed below, not included above.

This report includes the holdings of 6 other managers that share the investment decisions:

Bank of Nova Scotia Trust Co (Bahamas) Ltd – reports through this filing
Profuturo AFP S.A. – reports through this filing
SCOTIA CAPITAL (USA) INC – reports through this filing
Scotia Administradora General De Fondos Chile S.A. – reports through this filing
Scotia Fondos, S.A. de C.V., Sociedad Operadora de Fondos de Inversion, Grupo Financiero Scotiabank Inverlat – reports through this filing
Tangerine Investment Management Inc. – reports through this filing

Also in the report of:

SCOTIA CAPITAL INC. – $9.7bn of shares are in both reports
BANK OF NOVA SCOTIA TRUST CO
JARISLOWSKY, FRASER Ltd

Shares in two reports are counted once in each security's totals.

Holdings, Q4 2022

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ROYAL BK CDA COM RY	RY	24,144,366	$2.3bn5.88%	5.88%	Added +2.4m	+2,392,959 11.0%
2	TORONTO DOMINION BK ONT COM NEW TD	TD	30,819,858	$2.0bn5.17%	5.17%	Added +1.6m	+1,632,502 5.6%
3	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	5,076,158	$1.9bn5.02%	5.02%	Added +4.9m	+4,875,315 2427.4%
4	BANK MONTREAL QUE COM BMO	BMO	13,211,403	$1.2bn3.10%	3.10%	Added +464.5k	+464,465 3.6%
5	CANADIAN IMPERIAL BANK OF CO COM CM	CM	29,441,390	$1.2bn3.08%	3.08%	Added +2.0m	+2,001,966 7.3%
6	CANADIAN NAT RES LTD COM CNQ	CNQ	19,845,541	$1.1bn2.85%	2.85%	Added +4.9m	+4,897,414 32.8%
7	TC ENERGY CORP COM TRP	TRP	22,820,751	$909.8m2.35%	2.35%	Reduced -1.5m	-1,507,591 -6.2%
8	APPLE INC COM AAPL	AAPL	6,304,953	$819.3m2.12%	2.12%	Added +801.0k	+801,043 14.6%
9	ENBRIDGE INC COM ENB	ENB	18,746,310	$732.7m1.90%	1.90%	Reduced -4.7m	-4,721,729 -20.1%
10	CANADIAN NATL RY CO COM CNI	CNI	5,666,375	$673.1m1.74%	1.74%	Reduced -142.1k	-142,122 -2.5%
11	BCE INC COM NEW BCE	BCE	14,196,334	$623.7m1.61%	1.61%	Added +548.9k	+548,862 4.0%
12	CANADIAN PAC RY LTD COM COM		8,060,074	$600.9m1.56%	1.56%	Added +235.7k	+235,669 3.0%
13	BROOKFIELD CORP CL A LTD VT SH BN	BN	18,941,229	$595.7m1.54%	1.54%	New
14	MICROSOFT CORP COM MSFT	MSFT	2,127,837	$510.4m1.32%	1.32%	Added +1.1m	+1,125,350 112.3%
15	NUTRIEN LTD COM NTR	NTR	6,640,816	$484.8m1.25%	1.25%	Reduced -123.4k	-123,437 -1.8%
16	SUN LIFE FINANCIAL INC. COM SLF	SLF	9,985,005	$463.5m1.20%	1.20%	Reduced -1.3m	-1,283,451 -11.4%
17	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	1,738,169	$462.8m1.20%	1.20%	Added +1.7m	+1,735,943 77984.9%
18	MANULIFE FINL CORP COM MFC	MFC	25,485,532	$454.6m1.18%	1.18%	Reduced -3.0m	-2,978,702 -10.5%
19	PEMBINA PIPELINE CORP COM PBA	PBA	13,359,622	$453.5m1.17%	1.17%	Reduced -350.5k	-350,543 -2.6%
20	SUNCOR ENERGY INC NEW COM SU	SU	14,055,135	$445.8m1.15%	1.15%	Reduced -3.1m	-3,071,265 -17.9%
21	TELUS CORPORATION COM TU	TU	21,661,166	$418.0m1.08%	1.08%	Added +168.4k	+168,406 0.8%
22	ISHARES TR MSCI ACWI ETF ACWI	ACWI	4,403,579	$373.8m0.97%	0.97%	Added +4.1m	+4,146,786 1614.8%
23	SELECT SECTOR SPDR TR INDL XLI	XLI	3,620,320	$355.6m0.92%	0.92%	Added +3.6m	+3,614,510 62211.9%
24	AMAZON COM INC COM AMZN	AMZN	3,779,087	$317.5m0.82%	0.82%	Added +2.0m	+1,963,048 108.1%
25	ALPHABET INC CAP STK CL C GOOG	GOOG	3,239,076	$287.5m0.74%	0.74%	Added +1.4m	+1,417,386 77.8%
26	CENOVUS ENERGY INC COM CVE	CVE	14,411,267	$279.6m0.72%	0.72%	Added +173.5k	+173,490 1.2%
27	BARRICK GOLD CORP COM COM		14,809,735	$253.9m0.66%	0.66%	Reduced -164.6k	-164,567 -1.1%
28	WASTE CONNECTIONS INC COM WCN	WCN	1,869,368	$247.8m0.64%	0.64%	Added +33.1k	+33,093 1.8%
29	UNITEDHEALTH GROUP INC COM UNH	UNH	455,390	$241.5m0.62%	0.62%	Added +106.5k	+106,534 30.5%
30	ROGERS COMMUNICATIONS INC CL B RCI	RCI	4,993,425	$233.7m0.60%	0.60%	Reduced -2.2m	-2,161,792 -30.2%
31	FORTIS INC COM FTS	FTS	5,710,121	$228.5m0.59%	0.59%	Reduced -3.0m	-3,029,037 -34.7%
32	BROADCOM INC COM AVGO	AVGO	405,583	$226.8m0.59%	0.59%	Added +120.6k	+120,606 42.3%
33	SELECT SECTOR SPDR TR SBI INT-UTILS XLU	XLU	3,204,830	$225.9m0.58%	0.58%	Added +3.2m	+3,198,515 50649.5%
34	FRANCO NEV CORP COM FNV	FNV	1,608,099	$219.2m0.57%	0.57%	Reduced -4.7k	-4,727 -0.3%
35	META PLATFORMS INC CL A META	META	1,791,523	$215.6m0.56%	0.56%	Added +1.1m	+1,120,501 167.0%
36	RESTAURANT BRANDS INTL INC COM QSR	QSR	3,323,723	$215.0m0.56%	0.56%	Reduced -719.8k	-719,832 -17.8%
37	JPMORGAN CHASE & CO COM JPM	JPM	1,580,153	$211.9m0.55%	0.55%	Reduced -480.9k	-480,884 -23.3%
38	SHAW COMMUNICATIONS INC CL B CONV CL B CONV		7,334,794	$211.3m0.55%	0.55%	Added +38.6k	+38,566 0.5%
39	VANGUARD INDEX FDS VALUE ETF VTV	VTV	1,446,700	$203.1m0.53%	0.53%	Reduced -436.1k	-436,102 -23.2%
40	ISHARES TR SHORT TREAS BD SHV	SHV	1,808,331	$199.0m0.51%	0.51%	Added +408.1k	+408,144 29.1%
41	AGNICO EAGLE MINES LTD COM AEM	AEM	3,771,428	$196.0m0.51%	0.51%	Reduced -454.0k	-453,996 -10.7%
42	T-MOBILE US INC COM TMUS	TMUS	1,363,953	$191.0m0.49%	0.49%	Added +1.1m	+1,101,930 420.6%
43	PAYPAL HLDGS INC COM PYPL	PYPL	2,673,414	$190.4m0.49%	0.49%	Added +1.7m	+1,725,009 181.9%
44	THOMSON REUTERS CORP. COM NEW COM NEW		1,599,645	$182.5m0.47%	0.47%	Added +5.3k	+5,311 0.3%
45	MAGNA INTL INC COM MGA	MGA	2,972,338	$167.0m0.43%	0.43%	Reduced -191.2k	-191,191 -6.0%
46	ABBVIE INC COM ABBV	ABBV	1,008,555	$163.0m0.42%	0.42%	Added +174.9k	+174,935 21.0%
47	ISHARES TR RUSSELL 2000 ETF IWM	IWM	922,610	$160.9m0.42%	0.42%	Added +824.2k	+824,194 837.5%
48	TECK RESOURCES LTD CL B TECK	TECK	4,034,797	$152.5m0.39%	0.39%	Reduced -29.1k	-29,066 -0.7%
49	HYATT HOTELS CORP COM CL A H	H	1,679,105	$151.9m0.39%	0.39%	Added +16.9k	+16,900 1.0%
50	ACTIVISION BLIZZARD INC COM ATVI	ATVI	1,965,774	$150.5m0.39%	0.39%	Added +1.9m	+1,948,797 11479.0%
51	CREDICORP LTD COM BAP	BAP	1,108,891	$150.4m0.39%	0.39%	Added +489.2k	+489,238 79.0%
52	CISCO SYS INC COM CSCO	CSCO	3,149,110	$150.0m0.39%	0.39%	Added +1.1m	+1,103,358 53.9%
53	CITIGROUP INC COM NEW C	C	3,296,986	$149.1m0.39%	0.39%	Added +3.1m	+3,055,506 1265.3%
54	ETSY INC COM ETSY	ETSY	1,229,642	$147.3m0.38%	0.38%	Added +1.2m	+1,226,723 42025.4%
55	WHEATON PRECIOUS METALS CORP COM WPM	WPM	3,741,480	$146.2m0.38%	0.38%	Reduced -21.2k	-21,193 -0.6%
56	SPDR SER TR S&P OILGAS EXP XOP	XOP	1,051,065	$142.8m0.37%	0.37%	Added +973.0k	+973,000 1246.4%
57	LINDE PLC SHS 99952EUR	99952EUR	431,362	$140.7m0.36%	0.36%	Added +99.1k	+99,073 29.8%
58	ALPHABET INC CAP STK CL A GOOGL	GOOGL	1,581,965	$139.6m0.36%	0.36%	Added +385.8k	+385,773 32.2%
59	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	4,740,541	$135.8m0.35%	0.35%	New
60	PFIZER INC COM PFE	PFE	2,571,143	$131.7m0.34%	0.34%	Added +707.0k	+707,047 37.9%
61	LOWES COS INC COM LOW	LOW	652,895	$130.1m0.34%	0.34%	Added +600.1k	+600,149 1137.8%
62	ANTERO RESOURCES CORP NOTE 4.250% 9/0 · principal AR 4.25 09.01.26 · principal	AR 4.25 09.01.26	182,099	$129.7m0.34%	0.34%	Reduced -14.5m	-14,500,901 -98.8%
63	NVIDIA CORPORATION COM NVDA	NVDA	837,366	$122.4m0.32%	0.32%	Added +91.1k	+91,079 12.2%
64	COMPANIA DE MINAS BUENAVENTU SPONSORED ADR BVN	BVN	16,091,834	$119.9m0.31%	0.31%	Added +250.5k	+250,479 1.6%
65	HOME DEPOT INC COM HD	HD	374,397	$118.3m0.31%	0.31%	Added +61.7k	+61,716 19.7%
66	IMPERIAL OIL LTD COM NEW IMO	IMO	2,256,671	$109.9m0.28%	0.28%	Added +22.0k	+21,965 1.0%
67	STARBUCKS CORP COM SBUX	SBUX	1,095,984	$108.7m0.28%	0.28%	Added +928.0k	+927,956 552.3%
68	EXXON MOBIL CORP COM XOM	XOM	963,348	$106.3m0.28%	0.28%	Reduced -127.0k	-127,046 -11.7%
69	ISHARES TR MSCI EAFE ETF EFA	EFA	1,610,509	$105.7m0.27%	0.27%	Added +995.6k	+995,585 161.9%
70	DANAHER CORPORATION COM DHR	DHR	387,375	$102.9m0.27%	0.27%	Added +136.6k	+136,632 54.5%
71	ISHARES TR U.S. REAL ES ETF IYR	IYR	1,200,000	$101.0m0.26%	0.26%	New
72	VERIZON COMMUNICATIONS INC COM VZ	VZ	2,521,274	$99.3m0.26%	0.26%	Reduced -2.4m	-2,412,192 -48.9%
73	CHEVRON CORP NEW COM CVX	CVX	551,634	$99.0m0.26%	0.26%	Reduced -762	-762 -0.1%
74	PHILIP MORRIS INTL INC COM PM	PM	950,806	$96.2m0.25%	0.25%	Added +906.0k	+905,977 2021.0%
75	ELEVANCE HEALTH INC COM ELV	ELV	186,649	$95.7m0.25%	0.25%	Added +129.8k	+129,787 228.2%
76	CAMECO CORP COM CCJ	CCJ	4,148,299	$94.0m0.24%	0.24%	Added +458.6k	+458,631 12.4%
77	ALGONQUIN PWR UTILS CORP COM AQN	AQN	14,218,745	$92.6m0.24%	0.24%	Added +309.3k	+309,305 2.2%
78	THE CIGNA GROUP COM CI	CI	268,299	$88.9m0.23%	0.23%	Added +240.4k	+240,446 863.3%
79	CONOCOPHILLIPS COM COP	COP	752,490	$88.8m0.23%	0.23%	Added +607.0k	+606,976 417.1%
80	DEERE & CO COM DE	DE	203,538	$87.3m0.23%	0.23%	Added +161.4k	+161,352 382.5%
81	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	326,960	$86.8m0.22%	0.22%	Reduced -208.2k	-208,223 -38.9%
82	BANK AMERICA CORP COM BAC	BAC	2,587,148	$85.7m0.22%	0.22%	Added +1.7m	+1,678,011 184.6%
83	SPDR SER TR S&P BIOTECH XBI	XBI	1,029,955	$85.5m0.22%	0.22%	Added +986.4k	+986,355 2262.3%
84	NEWMONT CORP COM NEM	NEM	1,791,693	$84.6m0.22%	0.22%	Reduced -66.2k	-66,231 -3.6%
85	KLA CORP COM NEW KLAC	KLAC	222,698	$84.0m0.22%	0.22%	Added +209.0k	+209,027 1529.0%
86	CAE INC COM CAE	CAE	4,230,707	$81.8m0.21%	0.21%	Added +46.2k	+46,167 1.1%
87	ALGONQUIN PWR UTILS CORP UNIT 06/15/2024 AQNCN 7.75 06.15.24	AQNCN 7.75 06.15.24	3,385,000	$81.0m0.21%	0.21%	Added +275.0k	+275,000 8.8%
88	ISHARES TR IBOXX HI YD ETF HYG	HYG	1,083,763	$79.8m0.21%	0.21%	Added +748.3k	+748,346 223.1%
89	PROGRESSIVE CORP COM PGR	PGR	609,054	$79.1m0.20%	0.20%	Added +183.3k	+183,266 43.0%
90	ISHARES TR CHINA LG-CAP ETF FXI	FXI	2,751,240	$77.9m0.20%	0.20%	Added +1.5m	+1,458,280 112.8%
91	MERCK & CO INC COM MRK	MRK	694,487	$77.1m0.20%	0.20%	Reduced -290.6k	-290,551 -29.5%
92	ISHARES TR MSCI CHINA ETF MCHI	MCHI	1,618,579	$76.9m0.20%	0.20%	Added +983.4k	+983,410 154.8%
93	PROCTER AND GAMBLE CO COM PG	PG	504,619	$76.5m0.20%	0.20%	Reduced -218.5k	-218,525 -30.2%
94	MASTERCARD INCORPORATED CL A MA	MA	215,234	$74.9m0.19%	0.19%	Reduced -229.6k	-229,645 -51.6%
95	WELLS FARGO CO NEW COM WFC	WFC	1,790,890	$73.9m0.19%	0.19%	Added +1.3m	+1,281,196 251.4%
96	VMWARE INC CL A COM VMW	VMW	600,891	$73.8m0.19%	0.19%	Added +167.3k	+167,309 38.6%
97	COUPA SOFTWARE INC COM COUP	COUP	925,296	$73.3m0.19%	0.19%	Added +471.9k	+471,895 104.1%
98	NISOURCE INC COM NI	NI	2,666,705	$73.1m0.19%	0.19%	Added +159.4k	+159,376 6.4%
99	ELI LILLY & CO COM LLY	LLY	199,123	$72.8m0.19%	0.19%	Added +42.9k	+42,924 27.5%
100	OPEN TEXT CORP COM OTEX	OTEX	2,410,903	$71.4m0.18%	0.18%	Added +61.4k	+61,415 2.6%

Sold out since Q3 2022

Security	Ticker	Shares held before	Value then
BROOKFIELD ASSET MGMT INC		18,878,227	$772.8m18.9m shares
ATLASSIAN CORP PLC		472,100	$99.4m472.1k shares
WISDOMTREE TR DGRW	DGRW	1,284,450	$69.2m1.3m shares
SWITCH INC SWCH	SWCH	2,041,000	$68.8m2.0m shares
VANGUARD INTL EQUITY INDEX F VWO	VWO	1,637,800	$59.8m1.6m shares
CHANGE HEALTHCARE INC CHNG	CHNG	2,011,305	$55.3m2.0m shares
NIELSEN HLDGS PLC NLSN	NLSN	1,380,643	$38.3m1.4m shares
VANGUARD INTL EQUITY INDEX F VT	VT	467,738	$36.9m467.7k shares
ISHARES TR INDA	INDA	763,200	$31.1m763.2k shares
AVIS BUDGET GROUP CAR	CAR	199,547	$29.6m199.5k shares
ZOOMINFO TECHNOLOGIES INC GTM	GTM	659,855	$27.5m659.9k shares
ZENDESK INC		345,663	$26.3m345.7k shares
SKECHERS U S A INC SKX	SKX	799,000	$25.3m799.0k shares
KYNDRYL HLDGS INC KD	KD	2,739,000	$22.7m2.7m shares
ALLEGHANY CORP MD Y	Y	24,140	$20.3m24.1k shares
INVESCO EXCH TRADED FD TR II BKLN	BKLN	1,000,000	$20.2m1.0m shares
SPDR INDEX SHS FDS GXC	GXC	278,836	$19.7m278.8k shares
QUIDELORTHO CORP QDEL	QDEL	203,411	$14.5m203.4k shares
TWITTER INC TWTR	TWTR	262,175	$11.5m262.2k shares
ZOOM COMMUNICATIONS INC ZM	ZM	149,427	$11.0m149.4k shares
TENET HEALTHCARE CORP THC	THC	212,000	$10.9m212.0k shares
TERMINIX GLOBAL HOLDINGS INC SERV	SERV	281,385	$10.8m281.4k shares
UNIVERSAL DISPLAY CORP OLED	OLED	113,872	$10.7m113.9k shares
DOORDASH INC DASH	DASH	205,776	$10.2m205.8k shares
EAST WEST BANCORP INC EWBC	EWBC	151,300	$10.2m151.3k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
ISHARES INC EWC · Put	EWC	Put	68,750	$2.3m68.8k shares	Reduced
CITIGROUP INC C · Put	C	Put	15,000	$678.5k15.0k shares	Added
WELLS FARGO CO NEW WFC · Put	WFC	Put	10,500	$433.5k10.5k shares	Unchanged
VANECK ETF TRUST GDX · Put	GDX	Put	10,430	$298.9k10.4k shares	Added
FISERV INC FISV · Call	FISV	Call	2,260	$228.0k2.3k shares	New
MORGAN STANLEY MS · Put	MS	Put	2,500	$212.6k2.5k shares	Unchanged
JPMORGAN CHASE & CO JPM · Put	JPM	Put	1,500	$201.2k1.5k shares	Unchanged
SELECT SECTOR SPDR TR XLE · Put	XLE	Put	2,000	$174.9k2.0k shares	Unchanged
ISHARES TR IWM · Put	IWM	Put	1,000	$174.4k1.0k shares	Reduced
BANK AMERICA CORP BAC · Put	BAC	Put	5,000	$165.6k5.0k shares	Unchanged
AT&T INC T · Put	T	Put	7,500	$138.1k7.5k shares	Unchanged
ISHARES TR FXI · Put	FXI	Put	4,500	$127.3k4.5k shares	Added
AMERICAN AIRLS GROUP INC AAL · Put	AAL	Put	10,000	$127.2k10.0k shares	Added
UNITED AIRLS HLDGS INC UAL · Put	UAL	Put	3,150	$118.8k3.1k shares	Added
NVIDIA CORPORATION NVDA · Put	NVDA	Put	753	$110.0k753 shares	Added
ISHARES TR EEM · Put	EEM	Put	2,750	$104.2k2.8k shares	Added
ADVANCED MICRO DEVICES INC AMD · Put	AMD	Put	1,500	$97.2k1.5k shares	Added
ISHARES TR IWN · Put	IWN	Put	700	$97.1k700 shares	Unchanged
CANADIAN IMPERIAL BANK OF CO CM · Call	CM	Call	2,000	$81.0k2.0k shares	New
FORD MTR CO F · Put	F	Put	5,011	$58.3k5.0k shares	Added
SPDR GOLD TR GLD · Put	GLD	Put	310	$52.6k310 shares	Unchanged
SELECT SECTOR SPDR TR XLB · Put	XLB	Put	550	$42.7k550 shares	New
AMAZON COM INC AMZN · Put	AMZN	Put	500	$42.0k500 shares	Unchanged
ISHARES INC EZU · Put	EZU	Put	1,000	$39.5k1.0k shares	New
SELECT SECTOR SPDR TR XLF · Put	XLF	Put	1,000	$34.2k1.0k shares	New

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
KEYCORP KEY · 13D · filed 2025-01-06	KEY	14.9%≈ $3.8bn	new	13D	2025-01-06
JELD-WEN HLDG INC JELD · 13G · filed 2026-10-19	JELD	5.8%≈ $7.5m	+2.4 pts	13G	2026-10-19
SABLE OFFSHORE CORP SOC · 13G · filed 2026-10-19	SOC	5.5%≈ $34.0m	new	13G	2026-10-19
VOYAGER TECHNOLOGIES INC VOYG · 13G · filed 2026-10-19	VOYG	5.0%≈ $93.2m	-1.4 pts	13G	2026-10-19