BANK OF NOVA SCOTIA

TORONTO, A6 · CIK 9631 · 13F filing filed 2023-08-03

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

$38.2bn reported value +13.2% vs Q1 2023

995positions

35.7%in top 10

85 new 547 added 343 reduced 189 sold out vs Q1 2023

Options: 1 call positions ($372.0k notional), 21 put positions ($3.2m 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. – $10.8bn 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, Q2 2023

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	TORONTO DOMINION BK ONT COM NEW TD	TD	36,757,624	$2.3bn6.02%	6.02%	Added +2.8m	+2,777,516 8.2%
2	ROYAL BK CDA COM RY	RY	23,604,923	$2.3bn5.96%	5.96%	Reduced -3.0m	-2,960,332 -11.1%
3	CANADIAN NAT RES LTD COM CNQ	CNQ	24,739,040	$1.4bn3.69%	3.69%	Added +5.7m	+5,684,896 29.8%
4	BANK MONTREAL QUE COM BMO	BMO	13,366,670	$1.2bn3.16%	3.16%	Reduced -2.3m	-2,268,806 -14.5%
5	APPLE INC COM AAPL	AAPL	6,066,569	$1.2bn3.08%	3.08%	Reduced -123.0k	-123,005 -2.0%
6	NVIDIA CORPORATION COM NVDA	NVDA	2,665,435	$1.1bn2.95%	2.95%	Added +1.5m	+1,451,865 119.6%
7	TC ENERGY CORP COM TRP	TRP	27,730,790	$1.1bn2.93%	2.93%	Reduced -944.3k	-944,256 -3.3%
8	CANADIAN IMPERIAL BANK OF CO COM CM	CM	25,049,681	$1.1bn2.79%	2.79%	Reduced -2.3m	-2,302,617 -8.4%
9	ENBRIDGE INC COM ENB	ENB	26,731,287	$993.6m2.60%	2.60%	Reduced -2.9m	-2,938,361 -9.9%
10	MICROSOFT CORP COM MSFT	MSFT	2,837,000	$966.1m2.53%	2.53%	Added +723.3k	+723,277 34.2%
11	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	11,195,131	$723.2m1.89%	1.89%	Added +9.8m	+9,781,665 692.0%
12	BROOKFIELD CORP CL A LTD VT SH BN	BN	20,069,919	$675.8m1.77%	1.77%	Added +218.2k	+218,186 1.1%
13	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	1,516,535	$672.3m1.76%	1.76%	Added +1.4m	+1,409,518 1317.1%
14	CANADIAN PACIFIC KANSAS CITY COM CP	CP	8,268,887	$668.0m1.75%	1.75%	New
15	CANADIAN NATL RY CO COM CNI	CNI	5,503,740	$666.5m1.75%	1.75%	Reduced -25.6k	-25,556 -0.5%
16	BCE INC COM NEW BCE	BCE	14,536,809	$662.8m1.74%	1.74%	Added +239.8k	+239,750 1.7%
17	SUN LIFE FINANCIAL INC. COM SLF	SLF	9,898,881	$517.3m1.35%	1.35%	Added +1.4m	+1,406,171 16.6%
18	SUNCOR ENERGY INC NEW COM SU	SU	17,359,785	$509.2m1.33%	1.33%	Added +114.5k	+114,521 0.7%
19	MANULIFE FINL CORP COM MFC	MFC	26,424,327	$499.5m1.31%	1.31%	Added +1.4m	+1,373,221 5.5%
20	PEMBINA PIPELINE CORP COM PBA	PBA	14,220,322	$447.1m1.17%	1.17%	Added +41.0k	+40,983 0.3%
21	TELUS CORPORATION COM TU	TU	21,097,387	$410.6m1.08%	1.08%	Reduced -797.3k	-797,285 -3.6%
22	NUTRIEN LTD COM NTR	NTR	6,347,143	$374.7m0.98%	0.98%	Reduced -155.2k	-155,238 -2.4%
23	ISHARES TR MSCI ACWI ETF ACWI	ACWI	3,780,162	$362.7m0.95%	0.95%	Added +3.8m	+3,776,803 112438.3%
24	AMAZON COM INC COM AMZN	AMZN	2,590,791	$337.7m0.88%	0.88%	Added +882.0k	+882,023 51.6%
25	BROADCOM INC COM AVGO	AVGO	371,072	$321.9m0.84%	0.84%	Added +150.3k	+150,335 68.1%
26	ALPHABET INC CAP STK CL A GOOGL	GOOGL	2,576,532	$308.4m0.81%	0.81%	Added +386.6k	+386,618 17.6%
27	FORTIS INC COM FTS	FTS	6,692,276	$288.4m0.76%	0.76%	Added +1.6m	+1,590,850 31.2%
28	WASTE CONNECTIONS INC COM WCN	WCN	1,898,072	$271.4m0.71%	0.71%	Added +30.2k	+30,175 1.6%
29	ALPHABET INC CAP STK CL C GOOG	GOOG	2,198,649	$266.0m0.70%	0.70%	Reduced -205.9k	-205,916 -8.6%
30	CENOVUS ENERGY INC COM CVE	CVE	15,530,392	$263.8m0.69%	0.69%	Added +777.3k	+777,267 5.3%
31	UNITEDHEALTH GROUP INC COM UNH	UNH	543,847	$261.4m0.68%	0.68%	Reduced -124.8k	-124,832 -18.7%
32	BARRICK GOLD CORP COM COM		15,183,895	$256.9m0.67%	0.67%	Added +5.7m	+5,697,106 60.0%
33	RESTAURANT BRANDS INTL INC COM QSR	QSR	3,213,456	$249.1m0.65%	0.65%	Reduced -469.1k	-469,146 -12.7%
34	FRANCO NEV CORP COM FNV	FNV	1,661,049	$236.7m0.62%	0.62%	Added +48.5k	+48,544 3.0%
35	ISHARES TR MSCI EAFE ETF EFA	EFA	3,110,694	$225.5m0.59%	0.59%	Added +2.5m	+2,500,166 409.5%
36	ROGERS COMMUNICATIONS INC CL B RCI	RCI	4,778,431	$218.1m0.57%	0.57%	Reduced -183.8k	-183,758 -3.7%
37	AGNICO EAGLE MINES LTD COM AEM	AEM	4,215,181	$210.5m0.55%	0.55%	Added +1.3m	+1,255,266 42.4%
38	COCA COLA CO COM KO	KO	3,190,682	$192.1m0.50%	0.50%	Added +1.6m	+1,597,807 100.3%
39	HYATT HOTELS CORP COM CL A H	H	1,662,438	$190.5m0.50%	0.50%	Reduced -1.6k	-1,610 -0.1%
40	ISHARES TR SHORT TREAS BD SHV	SHV	1,566,859	$173.0m0.45%	0.45%	Reduced -42.0k	-41,957 -2.6%
41	WHEATON PRECIOUS METALS CORP COM WPM	WPM	3,900,644	$168.7m0.44%	0.44%	Added +80.0k	+79,956 2.1%
42	TECK RESOURCES LTD CL B TECK	TECK	3,974,892	$167.2m0.44%	0.44%	Added +31.0k	+31,043 0.8%
43	SHERWIN WILLIAMS CO COM SHW	SHW	592,117	$157.2m0.41%	0.41%	Added +357.9k	+357,926 152.8%
44	DOLLAR TREE INC COM DLTR	DLTR	1,086,468	$155.9m0.41%	0.41%	Added +771.9k	+771,850 245.3%
45	MAGNA INTL INC COM MGA	MGA	2,670,019	$150.7m0.39%	0.39%	Reduced -301.7k	-301,742 -10.2%
46	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	4,617,006	$150.7m0.39%	0.39%	Added +56.6k	+56,599 1.2%
47	ISHARES TR JPMORGAN USD EMG EMB	EMB	1,740,427	$150.6m0.39%	0.39%	Added +1.5m	+1,500,994 626.9%
48	JOHNSON & JOHNSON COM JNJ	JNJ	891,369	$147.5m0.39%	0.39%	Reduced -160.0k	-160,009 -15.2%
49	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	4,204,398	$141.7m0.37%	0.37%	Added +3.2m	+3,196,437 317.1%
50	CAMECO CORP COM CCJ	CCJ	4,523,552	$141.7m0.37%	0.37%	Added +94.0k	+93,976 2.1%
51	ADOBE INC COM ADBE	ADBE	287,476	$140.6m0.37%	0.37%	Added +30.3k	+30,317 11.8%
52	ABBVIE INC COM ABBV	ABBV	1,035,129	$139.5m0.37%	0.37%	Reduced -143.1k	-143,131 -12.2%
53	MASTERCARD INCORPORATED CL A MA	MA	349,612	$137.5m0.36%	0.36%	Added +73.9k	+73,898 26.8%
54	INTUIT COM INTU	INTU	299,934	$137.4m0.36%	0.36%	Added +205.1k	+205,080 216.2%
55	ACTIVISION BLIZZARD INC COM ATVI	ATVI	1,624,621	$137.0m0.36%	0.36%	Added +1.0m	+1,032,438 174.3%
56	TJX COS INC NEW COM TJX	TJX	1,608,081	$136.3m0.36%	0.36%	Added +356.9k	+356,877 28.5%
57	META PLATFORMS INC CL A META	META	472,027	$135.5m0.35%	0.35%	Reduced -332.7k	-332,684 -41.3%
58	STARBUCKS CORP COM SBUX	SBUX	1,327,100	$131.5m0.34%	0.34%	Added +617.2k	+617,154 86.9%
59	ILLUMINA INC COM ILMN	ILMN	694,776	$130.3m0.34%	0.34%	Added +435.8k	+435,817 168.3%
60	ON SEMICONDUCTOR CORP NOTE 1.625%10/1 · principal ON 1.625 10.15.23 · principal	ON 1.625 10.15.23	28,270,000	$128.9m0.34%	0.34%	Added +2.0m	+2,016,000 7.7%
61	DEXCOM INC NOTE 0.750%12/0 · principal DXCM 0.75 12.01.23 · principal	DXCM 0.75 12.01.23	40,552,000	$126.5m0.33%	0.33%	Added +12.5m	+12,500,000 44.6%
62	ALGONQUIN PWR UTILS CORP COM AQN	AQN	14,633,130	$121.0m0.32%	0.32%	Added +279.5k	+279,460 1.9%
63	QUALCOMM INC COM QCOM	QCOM	973,516	$115.9m0.30%	0.30%	Added +185.3k	+185,258 23.5%
64	ELI LILLY & CO COM LLY	LLY	243,858	$114.4m0.30%	0.30%	Added +143.6k	+143,628 143.3%
65	ORACLE CORP COM ORCL	ORCL	951,347	$113.3m0.30%	0.30%	Added +820.0k	+819,967 624.1%
66	WALMART INC COM WMT	WMT	718,737	$113.0m0.30%	0.30%	Added +396.2k	+396,211 122.8%
67	ANTERO RESOURCES CORP NOTE 4.250% 9/0 · principal AR 4.25 09.01.26 · principal	AR 4.25 09.01.26	20,983,000	$111.5m0.29%	0.29%	Added +20.8m	+20,791,784 10873.5%
68	CREDICORP LTD COM BAP	BAP	744,479	$109.9m0.29%	0.29%	Reduced -17.8k	-17,821 -2.3%
69	COMCAST CORP NEW CL A CMCSA	CMCSA	2,528,402	$105.1m0.28%	0.28%	Added +2.2m	+2,200,749 671.7%
70	MARATHON PETE CORP COM MPC	MPC	870,594	$101.5m0.27%	0.27%	Added +542.9k	+542,892 165.7%
71	IMPERIAL OIL LTD COM NEW IMO	IMO	1,924,186	$98.5m0.26%	0.26%	Added +9.3k	+9,322 0.5%
72	KLA CORP COM NEW KLAC	KLAC	202,523	$98.2m0.26%	0.26%	Added +192.8k	+192,752 1972.7%
73	WELLS FARGO CO NEW COM WFC	WFC	2,286,584	$97.6m0.26%	0.26%	Added +1.3m	+1,299,159 131.6%
74	OPEN TEXT CORP COM OTEX	OTEX	2,339,721	$97.3m0.25%	0.25%	Reduced -55.8k	-55,801 -2.3%
75	CAE INC COM CAE	CAE	4,315,536	$96.6m0.25%	0.25%	Added +55.3k	+55,326 1.3%
76	AT&T INC COM T	T	5,972,681	$94.8m0.25%	0.25%	Added +3.0m	+2,973,004 99.1%
77	COMPANIA DE MINAS BUENAVENTU SPONSORED ADR BVN	BVN	12,856,472	$94.5m0.25%	0.25%	Added +704.3k	+704,288 5.8%
78	TESLA INC NOTE 2.000% 5/1 · principal TSLA 2 05.15.24 · principal	TSLA 2 05.15.24	7,202,606	$91.1m0.24%	0.24%	Added +7.2m	+7,157,209 15765.8%
79	PAYPAL HLDGS INC COM PYPL	PYPL	1,293,576	$86.3m0.23%	0.23%	Reduced -183.5k	-183,481 -12.4%
80	EXXON MOBIL CORP COM XOM	XOM	793,698	$85.1m0.22%	0.22%	Added +20.3k	+20,310 2.6%
81	ALGONQUIN PWR UTILS CORP UNIT 06/15/2024 AQNCN 7.75 06.15.24	AQNCN 7.75 06.15.24	2,871,308	$84.7m0.22%	0.22%	Reduced -13.7k	-13,692 -0.5%
82	GENERAL MTRS CO COM GM	GM	2,160,325	$83.3m0.22%	0.22%	Reduced -673.7k	-673,654 -23.8%
83	TESLA INC COM TSLA	TSLA	314,170	$82.2m0.22%	0.22%	Reduced -38.3k	-38,269 -10.9%
84	HOME DEPOT INC COM HD	HD	250,522	$77.8m0.20%	0.20%	Reduced -45.1k	-45,066 -15.2%
85	CHEVRON CORP NEW COM CVX	CVX	491,364	$77.3m0.20%	0.20%	Added +34.7k	+34,716 7.6%
86	MERCK & CO INC COM MRK	MRK	667,662	$77.0m0.20%	0.20%	Added +415.2k	+415,154 164.4%
87	ADVANCED MICRO DEVICES INC COM AMD	AMD	669,839	$76.3m0.20%	0.20%	Reduced -2.8k	-2,830 -0.4%
88	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	222,592	$76.1m0.20%	0.20%	Reduced -52.6k	-52,610 -19.1%
89	RTX CORPORATION COM RTX	RTX	767,607	$75.2m0.20%	0.20%	Added +503.3k	+503,262 190.4%
90	ARAMARK COM ARMK	ARMK	1,726,617	$74.3m0.19%	0.19%	Added +979.9k	+979,917 131.2%
91	CGI INC CL A SUB VTG GIB	GIB	702,277	$74.2m0.19%	0.19%	Added +233.5k	+233,499 49.8%
92	NORFOLK SOUTHN CORP COM NSC	NSC	327,277	$74.2m0.19%	0.19%	Added +257.4k	+257,375 368.2%
93	METLIFE INC COM MET	MET	1,297,337	$73.3m0.19%	0.19%	Added +1.2m	+1,227,065 1746.2%
94	PROGRESSIVE CORP COM PGR	PGR	543,094	$71.9m0.19%	0.19%	Added +123.2k	+123,181 29.3%
95	KINROSS GOLD CORP COM KGC	KGC	14,898,937	$71.1m0.19%	0.19%	Added +245.3k	+245,265 1.7%
96	DANAHER CORPORATION COM DHR	DHR	285,752	$68.6m0.18%	0.18%	Added +22.1k	+22,089 8.4%
97	WILLIAMS COS INC COM WMB	WMB	2,078,791	$67.8m0.18%	0.18%	Added +8.4k	+8,360 0.4%
98	KEURIG DR PEPPER INC COM KDP	KDP	2,133,013	$66.7m0.17%	0.17%	Added +707.1k	+707,117 49.6%
99	BALL CORP COM BALL	BALL	1,145,398	$66.7m0.17%	0.17%	Added +203.7k	+203,705 21.6%
100	ISHARES TR RUS 1000 VAL ETF IWD	IWD	422,424	$66.7m0.17%	0.17%	Added +569	+569 0.1%

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
CANADIAN PAC RY LTD		8,084,234	$622.6m8.1m shares
SHAW COMMUNICATIONS INC		7,355,751	$220.1m7.4m shares
THOMSON REUTERS CORP.		1,605,956	$209.0m1.6m shares
VANGUARD INDEX FDS VTV	VTV	1,046,700	$144.6m1.0m shares
PALO ALTO NETWORKS INC PANW 0.75 07.01.23	PANW 0.75 07.01.23	44,872,000	$100.9m44.9m shares
SPDR SER TR XRT	XRT	1,500,000	$95.1m1.5m shares
WORLD WRESTLING ENTMT INC TKO 3.375 12.15.23	TKO 3.375 12.15.23	16,734,000	$61.3m16.7m shares
J P MORGAN EXCHANGE TRADED F BBUS	BBUS	393,850	$29.0m393.9k shares
LYFT INC LYFT	LYFT	2,927,460	$27.1m2.9m shares
OAK STR HEALTH INC		667,191	$25.8m667.2k shares
ZOOMINFO TECHNOLOGIES INC GTM	GTM	827,931	$20.5m827.9k shares
VALVOLINE INC VVV	VVV	555,581	$19.4m555.6k shares
BLOCK INC XYZ 0.5 05.15.23	XYZ 0.5 05.15.23	15,000,000	$15.4m15.0m shares
RITCHIE BROS AUCTIONEERS RBA	RBA	259,480	$14.6m259.5k shares
TRADEWEB MKTS INC TW	TW	154,432	$12.2m154.4k shares
ISHARES INC EWI	EWI	370,859	$11.3m370.9k shares
ISHARES TR IYR	IYR	119,000	$10.1m119.0k shares
AXALTA COATING SYS LTD AXTA	AXTA	317,948	$9.6m317.9k shares
ITAU UNIBANCO HLDG S A ITUB	ITUB	1,858,310	$9.1m1.9m shares
PIONEER NAT RES CO PXD 0.25 05.15.25	PXD 0.25 05.15.25	4,163,000	$8.9m4.2m shares
GLOBUS MED INC GMED	GMED	153,700	$8.7m153.7k shares
SOMNIGROUP INTERNATIONAL INC SGI	SGI	203,843	$8.0m203.8k shares
STIFEL FINL CORP SF	SF	134,542	$8.0m134.5k shares
SHELL PLC SHEL	SHEL	128,977	$7.4m129.0k shares
EQT CORP EQT 1.75 05.01.26	EQT 1.75 05.01.26	30,393	$6.7m30.4k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
CITIGROUP INC C · Put	C	Put	12,000	$552.5k12.0k shares	Added
APPLE INC AAPL · Put	AAPL	Put	2,056	$398.8k2.1k shares	Added
ISHARES TR IVW · Call	IVW	Call	5,278	$372.0k5.3k shares	Reduced
VANECK ETF TRUST GDX · Put	GDX	Put	9,800	$295.1k9.8k shares	Unchanged
JPMORGAN CHASE & CO JPM · Put	JPM	Put	1,499	$218.0k1.5k shares	Reduced
BANK AMERICA CORP BAC · Put	BAC	Put	7,500	$215.2k7.5k shares	Added
ADVANCED MICRO DEVICES INC AMD · Put	AMD	Put	1,792	$204.1k1.8k shares	Unchanged
UNITED AIRLS HLDGS INC UAL · Put	UAL	Put	3,150	$172.8k3.1k shares	Unchanged
SELECT SECTOR SPDR TR XLE · Put	XLE	Put	2,000	$162.3k2.0k shares	Unchanged
MORGAN STANLEY MS · Put	MS	Put	1,500	$128.1k1.5k shares	Unchanged
WELLS FARGO CO NEW WFC · Put	WFC	Put	2,900	$123.8k2.9k shares	Reduced
ISHARES TR EEM · Put	EEM	Put	3,099	$122.6k3.1k shares	Reduced
NVIDIA CORPORATION NVDA · Put	NVDA	Put	279	$118.0k279 shares	Unchanged
AMERICAN AIRLS GROUP INC AAL · Put	AAL	Put	5,000	$89.7k5.0k shares	Unchanged
FORD MTR CO F · Put	F	Put	5,011	$75.8k5.0k shares	Reduced
INVESCO QQQ TR QQQ · Put	QQQ	Put	199	$73.9k199 shares	Added
ISHARES TR FXI · Put	FXI	Put	2,700	$73.4k2.7k shares	Unchanged
AMAZON COM INC AMZN · Put	AMZN	Put	499	$65.2k499 shares	Reduced
CONOCOPHILLIPS COP · Put	COP	Put	327	$33.9k327 shares	New
MICRON TECHNOLOGY INC MU · Put	MU	Put	381	$24.0k381 shares	New
ISHARES TR EFA · Put	EFA	Put	300	$21.8k300 shares	Unchanged
SPDR SER TR XBI · Put	XBI	Put	200	$16.6k200 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