BANK OF NOVA SCOTIA

TORONTO, A6 · CIK 9631 · 13F filing filed 2023-11-14

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

$37.9bn reported value -0.7% vs Q2 2023

972positions

33.2%in top 10

73 new 594 added 295 reduced 96 sold out vs Q2 2023

Options: 0 call positions (— notional), 26 put positions ($4.1m 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. – $10.7bn 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, Q3 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	ROYAL BK CDA COM RY	RY	26,666,961	$2.3bn6.15%	6.15%	Added +3.1m	+3,062,038 13.0%
2	TORONTO DOMINION BK ONT COM NEW TD	TD	33,229,691	$2.0bn5.35%	5.35%	Reduced -3.5m	-3,527,933 -9.6%
3	BANK MONTREAL QUE COM BMO	BMO	14,783,968	$1.2bn3.29%	3.29%	Added +1.4m	+1,417,298 10.6%
4	CANADIAN NAT RES LTD COM CNQ	CNQ	16,738,263	$1.1bn2.85%	2.85%	Reduced -8.0m	-8,000,777 -32.3%
5	APPLE INC COM AAPL	AAPL	6,298,421	$1.1bn2.84%	2.84%	Added +231.9k	+231,852 3.8%
6	MICROSOFT CORP COM MSFT	MSFT	3,281,017	$1.0bn2.73%	2.73%	Added +444.0k	+444,017 15.7%
7	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	2,333,819	$997.7m2.63%	2.63%	Added +817.3k	+817,284 53.9%
8	NVIDIA CORPORATION COM NVDA	NVDA	2,254,002	$980.5m2.59%	2.59%	Reduced -411.4k	-411,433 -15.4%
9	ENBRIDGE INC COM ENB	ENB	28,085,040	$931.5m2.46%	2.46%	Added +1.4m	+1,353,753 5.1%
10	CANADIAN IMPERIAL BANK OF CO COM CM	CM	23,042,386	$889.5m2.35%	2.35%	Reduced -2.0m	-2,007,295 -8.0%
11	TC ENERGY CORP COM TRP	TRP	25,482,668	$877.9m2.31%	2.31%	Reduced -2.2m	-2,248,122 -8.1%
12	BROOKFIELD CORP CL A LTD VT SH BN	BN	20,312,486	$635.3m1.68%	1.68%	Added +242.6k	+242,567 1.2%
13	CANADIAN PACIFIC KANSAS CITY COM CP	CP	8,305,174	$617.3m1.63%	1.63%	Added +36.3k	+36,287 0.4%
14	CANADIAN NATL RY CO COM CNI	CNI	5,452,702	$590.5m1.56%	1.56%	Reduced -51.0k	-51,038 -0.9%
15	SUNCOR ENERGY INC NEW COM SU	SU	16,958,601	$583.2m1.54%	1.54%	Reduced -401.2k	-401,184 -2.3%
16	BCE INC COM NEW BCE	BCE	15,198,064	$580.2m1.53%	1.53%	Added +661.3k	+661,255 4.5%
17	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	15,244,756	$506.9m1.34%	1.34%	Added +11.0m	+11,040,358 262.6%
18	SUN LIFE FINANCIAL INC. COM SLF	SLF	9,925,908	$484.4m1.28%	1.28%	Added +27.0k	+27,027 0.3%
19	PEMBINA PIPELINE CORP COM PBA	PBA	14,665,584	$441.0m1.16%	1.16%	Added +445.3k	+445,262 3.1%
20	MANULIFE FINL CORP COM MFC	MFC	23,952,165	$437.7m1.15%	1.15%	Reduced -2.5m	-2,472,162 -9.4%
21	NUTRIEN LTD COM NTR	NTR	6,171,838	$381.1m1.01%	1.01%	Reduced -175.3k	-175,305 -2.8%
22	ALPHABET INC CAP STK CL A GOOGL	GOOGL	2,742,194	$358.8m0.95%	0.95%	Added +165.7k	+165,662 6.4%
23	TELUS CORPORATION COM TU	TU	21,630,693	$353.2m0.93%	0.93%	Added +533.3k	+533,306 2.5%
24	AMAZON COM INC COM AMZN	AMZN	2,718,793	$345.6m0.91%	0.91%	Added +128.0k	+128,002 4.9%
25	CENOVUS ENERGY INC COM CVE	CVE	15,382,177	$320.3m0.84%	0.84%	Reduced -148.2k	-148,215 -0.9%
26	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	5,140,263	$280.6m0.74%	0.74%	Reduced -6.1m	-6,054,868 -54.1%
27	FORTIS INC COM FTS	FTS	7,026,899	$266.9m0.70%	0.70%	Added +334.6k	+334,623 5.0%
28	WASTE CONNECTIONS INC COM WCN	WCN	1,907,676	$256.1m0.68%	0.68%	Added +9.6k	+9,604 0.5%
29	BROADCOM INC COM AVGO	AVGO	298,794	$248.2m0.65%	0.65%	Reduced -72.3k	-72,278 -19.5%
30	UNITEDHEALTH GROUP INC COM UNH	UNH	450,993	$227.4m0.60%	0.60%	Reduced -92.9k	-92,854 -17.1%
31	FRANCO NEV CORP COM FNV	FNV	1,666,644	$222.5m0.59%	0.59%	Added +5.6k	+5,595 0.3%
32	BARRICK GOLD CORP COM COM		15,249,848	$221.5m0.58%	0.58%	Added +66.0k	+65,953 0.4%
33	RESTAURANT BRANDS INTL INC COM QSR	QSR	3,235,000	$215.4m0.57%	0.57%	Added +21.5k	+21,544 0.7%
34	COCA COLA CO COM KO	KO	3,700,622	$207.2m0.55%	0.55%	Added +509.9k	+509,940 16.0%
35	ALPHABET INC CAP STK CL C GOOG	GOOG	1,482,979	$195.5m0.52%	0.52%	Reduced -715.7k	-715,670 -32.5%
36	AGNICO EAGLE MINES LTD COM AEM	AEM	4,237,301	$192.5m0.51%	0.51%	Added +22.1k	+22,120 0.5%
37	ROGERS COMMUNICATIONS INC CL B RCI	RCI	4,815,882	$184.9m0.49%	0.49%	Added +37.5k	+37,451 0.8%
38	PFIZER INC COM PFE	PFE	5,503,983	$182.6m0.48%	0.48%	Added +3.8m	+3,780,696 219.4%
39	CAMECO CORP COM CCJ	CCJ	4,551,776	$180.6m0.48%	0.48%	Added +28.2k	+28,224 0.6%
40	META PLATFORMS INC CL A META	META	596,510	$179.1m0.47%	0.47%	Added +124.5k	+124,483 26.4%
41	ISHARES TR JPMORGAN USD EMG EMB	EMB	2,154,433	$177.8m0.47%	0.47%	Added +414.0k	+414,006 23.8%
42	HYATT HOTELS CORP COM CL A H	H	1,662,535	$176.4m0.47%	0.47%	Added +97	+97 0.0%
43	TECK RESOURCES LTD CL B TECK	TECK	4,018,932	$173.0m0.46%	0.46%	Added +44.0k	+44,040 1.1%
44	ADOBE INC COM ADBE	ADBE	338,396	$172.5m0.45%	0.45%	Added +50.9k	+50,920 17.7%
45	THOMSON REUTERS CORP COM COM		1,389,931	$170.0m0.45%	0.45%	New
46	QUALCOMM INC COM QCOM	QCOM	1,496,985	$166.3m0.44%	0.44%	Added +523.5k	+523,469 53.8%
47	WHEATON PRECIOUS METALS CORP COM WPM	WPM	3,887,278	$157.8m0.42%	0.42%	Reduced -13.4k	-13,366 -0.3%
48	UNION PAC CORP COM UNP	UNP	759,885	$154.7m0.41%	0.41%	Added +457.4k	+457,360 151.2%
49	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	4,568,603	$152.3m0.40%	0.40%	Reduced -48.4k	-48,403 -1.1%
50	EXXON MOBIL CORP COM XOM	XOM	1,290,630	$151.8m0.40%	0.40%	Added +496.9k	+496,932 62.6%
51	ABBVIE INC COM ABBV	ABBV	999,924	$149.0m0.39%	0.39%	Reduced -35.2k	-35,205 -3.4%
52	ELI LILLY & CO COM LLY	LLY	272,086	$146.1m0.39%	0.39%	Added +28.2k	+28,228 11.6%
53	ANTERO RESOURCES CORP NOTE 4.250% 9/0 · principal AR 4.25 09.01.26 · principal	AR 4.25 09.01.26	24,483,000	$143.7m0.38%	0.38%	Added +3.5m	+3,500,000 16.7%
54	MAGNA INTL INC COM MGA	MGA	2,667,577	$143.0m0.38%	0.38%	Reduced -2.4k	-2,442 -0.1%
55	ISHARES TR MSCI ACWI ETF ACWI	ACWI	1,511,814	$139.6m0.37%	0.37%	Reduced -2.3m	-2,268,348 -60.0%
56	CGI INC CL A SUB VTG GIB	GIB	1,404,616	$138.5m0.37%	0.37%	Added +702.3k	+702,339 100.0%
57	ON SEMICONDUCTOR CORP NOTE 1.625%10/1 · principal ON 1.625 10.15.23 · principal	ON 1.625 10.15.23	30,838,000	$138.4m0.36%	0.36%	Added +2.6m	+2,568,000 9.1%
58	ACTIVISION BLIZZARD INC COM ATVI	ATVI	1,444,834	$135.3m0.36%	0.36%	Reduced -179.8k	-179,787 -11.1%
59	BROOKFIELD INFRAST PARTNERS LP INT UNIT BIP	BIP	4,278,411	$125.6m0.33%	0.33%	Added +3.4m	+3,445,832 413.9%
60	WELLS FARGO CO NEW COM WFC	WFC	3,062,829	$125.1m0.33%	0.33%	Added +776.2k	+776,245 34.0%
61	DISNEY WALT CO COM DIS	DIS	1,530,689	$124.1m0.33%	0.33%	Added +1.4m	+1,357,976 786.3%
62	IMPERIAL OIL LTD COM NEW IMO	IMO	1,914,424	$117.9m0.31%	0.31%	Reduced -9.8k	-9,762 -0.5%
63	DOLLAR TREE INC COM DLTR	DLTR	1,088,178	$115.8m0.31%	0.31%	Added +1.7k	+1,710 0.2%
64	ILLUMINA INC COM ILMN	ILMN	841,982	$115.6m0.30%	0.30%	Added +147.2k	+147,206 21.2%
65	CREDICORP LTD COM BAP	BAP	898,843	$115.0m0.30%	0.30%	Added +154.4k	+154,364 20.7%
66	ADVANCED MICRO DEVICES INC COM AMD	AMD	1,111,870	$114.3m0.30%	0.30%	Added +442.0k	+442,031 66.0%
67	COMCAST CORP NEW CL A CMCSA	CMCSA	2,565,091	$113.7m0.30%	0.30%	Added +36.7k	+36,689 1.4%
68	COSTCO WHSL CORP NEW COM COST	COST	201,057	$113.6m0.30%	0.30%	Added +132.5k	+132,510 193.3%
69	NETFLIX INC COM NFLX	NFLX	298,570	$112.7m0.30%	0.30%	Added +219.1k	+219,103 275.7%
70	ISHARES TR SHORT TREAS BD SHV	SHV	1,011,726	$111.7m0.29%	0.29%	Reduced -555.1k	-555,133 -35.4%
71	ISHARES TR MSCI EAFE ETF EFA	EFA	1,610,488	$111.0m0.29%	0.29%	Reduced -1.5m	-1,500,206 -48.2%
72	ISHARES TR CHINA LG-CAP ETF FXI	FXI	4,182,530	$111.0m0.29%	0.29%	Added +3.0m	+3,017,436 259.0%
73	SHERWIN WILLIAMS CO COM SHW	SHW	416,213	$106.1m0.28%	0.28%	Reduced -175.9k	-175,904 -29.7%
74	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	209,310	$105.9m0.28%	0.28%	Added +108.7k	+108,691 108.0%
75	INTEL CORP COM INTC	INTC	2,914,633	$103.6m0.27%	0.27%	Added +1.3m	+1,317,996 82.5%
76	BANK AMERICA CORP COM BAC	BAC	3,783,912	$103.6m0.27%	0.27%	Added +2.2m	+2,188,416 137.2%
77	CAE INC COM CAE	CAE	4,330,576	$101.1m0.27%	0.27%	Added +15.0k	+15,040 0.3%
78	COMPANIA DE MINAS BUENAVENTU SPONSORED ADR BVN	BVN	11,604,249	$98.9m0.26%	0.26%	Reduced -1.3m	-1,252,223 -9.7%
79	JPMORGAN CHASE & CO COM JPM	JPM	679,598	$98.6m0.26%	0.26%	Added +221.8k	+221,750 48.4%
80	WALMART INC COM WMT	WMT	608,511	$97.3m0.26%	0.26%	Reduced -110.2k	-110,226 -15.3%
81	TESLA INC NOTE 2.000% 5/1 · principal TSLA 2 05.15.24 · principal	TSLA 2 05.15.24	75,477	$91.6m0.24%	0.24%	Reduced -7.1m	-7,127,129 -99.0%
82	CHEVRON CORP NEW COM CVX	CVX	511,614	$86.3m0.23%	0.23%	Added +20.2k	+20,250 4.1%
83	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	240,077	$84.1m0.22%	0.22%	Added +108.1k	+108,115 81.9%
84	OPEN TEXT CORP COM OTEX	OTEX	2,339,098	$82.1m0.22%	0.22%	Reduced -623	-623 -0.0%
85	COGNIZANT TECHNOLOGY SOLUTIO CL A CTSH	CTSH	1,194,770	$80.9m0.21%	0.21%	Added +229.6k	+229,575 23.8%
86	HOME DEPOT INC COM HD	HD	258,726	$78.2m0.21%	0.21%	Added +8.2k	+8,204 3.3%
87	SELECT SECTOR SPDR TR INDL XLI	XLI	753,991	$76.4m0.20%	0.20%	New
88	PALO ALTO NETWORKS INC NOTE 0.375% 6/0 · principal PANW 0.375 06.01.25 · principal	PANW 0.375 06.01.25	31,298,000	$73.9m0.19%	0.19%	Added +17.7m	+17,668,000 129.6%
89	KINDER MORGAN INC DEL COM KMI	KMI	4,443,792	$73.7m0.19%	0.19%	Added +4.3m	+4,270,461 2463.8%
90	TESLA INC COM TSLA	TSLA	292,260	$73.1m0.19%	0.19%	Reduced -21.9k	-21,910 -7.0%
91	VERIZON COMMUNICATIONS INC COM VZ	VZ	2,248,987	$72.9m0.19%	0.19%	Added +476.7k	+476,682 26.9%
92	CROWN HLDGS INC COM CCK	CCK	817,750	$72.4m0.19%	0.19%	Added +87.1k	+87,123 11.9%
93	WILLIAMS COS INC COM WMB	WMB	2,130,109	$71.8m0.19%	0.19%	Added +51.3k	+51,318 2.5%
94	MERCK & CO INC COM MRK	MRK	695,421	$71.6m0.19%	0.19%	Added +27.8k	+27,759 4.2%
95	ISHARES TR 20 YR TR BD ETF TLT	TLT	789,000	$70.0m0.18%	0.18%	Added +766.4k	+766,357 3384.5%
96	TJX COS INC NEW COM TJX	TJX	783,181	$69.6m0.18%	0.18%	Reduced -824.9k	-824,900 -51.3%
97	SCHWAB CHARLES CORP COM SCHW	SCHW	1,259,610	$69.2m0.18%	0.18%	Added +846.9k	+846,922 205.2%
98	MASTERCARD INCORPORATED CL A MA	MA	173,027	$68.5m0.18%	0.18%	Reduced -176.6k	-176,585 -50.5%
99	KINROSS GOLD CORP COM KGC	KGC	14,859,672	$67.7m0.18%	0.18%	Reduced -39.3k	-39,265 -0.3%
100	LOCKHEED MARTIN CORP COM LMT	LMT	163,754	$67.0m0.18%	0.18%	Added +106.9k	+106,948 188.3%

Sold out since Q2 2023

Security	Ticker	Shares held before	Value then
DEXCOM INC DXCM 0.75 12.01.23	DXCM 0.75 12.01.23	40,552,000	$126.5m40.6m shares
SYNEOS HEALTH INC INCR	INCR	1,124,230	$47.4m1.1m shares
SELECT SECTOR SPDR TR XLB	XLB	500,000	$41.4m500.0k shares
FTI CONSULTING INC FCN 2 08.15.23	FCN 2 08.15.23	14,934,000	$28.0m14.9m shares
SPDR SER TR XHB	XHB	280,280	$22.5m280.3k shares
MONGODB INC MDB	MDB	54,612	$22.4m54.6k shares
CLOUDFLARE INC NET 0.75 05.15.25	NET 0.75 05.15.25	11,687,000	$21.6m11.7m shares
VANGUARD WORLD FD VGT	VGT	46,230	$20.4m46.2k shares
ISHARES TR IGV	IGV	58,348	$20.2m58.3k shares
ISHARES INC EWP	EWP	410,750	$11.9m410.8k shares
KNIFE RIVER CORP KNF	KNF	204,687	$8.9m204.7k shares
OLIN CORP OLN	OLN	153,212	$7.9m153.2k shares
VANGUARD SCOTTSDALE FDS VGIT	VGIT	127,296	$7.5m127.3k shares
VANGUARD WHITEHALL FDS VWOB	VWOB	110,485	$6.9m110.5k shares
PIMCO ETF TR STPZ	STPZ	111,458	$5.6m111.5k shares
WESTERN UN CO WU	WU	472,218	$5.5m472.2k shares
SPOTIFY TECHNOLOGY S A SPOT	SPOT	32,163	$5.2m32.2k shares
MIDDLEBY CORP MIDD 1 09.01.25	MIDD 1 09.01.25	4,078,091	$5.0m4.1m shares
AKAMAI TECHNOLOGIES INC AKAM 0.125 05.01.25	AKAM 0.125 05.01.25	3,500,000	$3.8m3.5m shares
INTEGRA LIFESCIENCES HLDGS C IART	IART	90,888	$3.7m90.9k shares
IONIS PHARMACEUTICALS INC IONS	IONS	78,042	$3.2m78.0k shares
ABCAM PLC		123,030	$3.0m123.0k shares
J P MORGAN EXCHANGE TRADED F JPST	JPST	57,065	$2.9m57.1k shares
SHOCKWAVE MED INC SWAV	SWAV	8,974	$2.6m9.0k shares
UNITED STATES STL CORP NEW X	X	94,283	$2.4m94.3k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
CITIGROUP INC C · Put	C	Put	25,395	$1.0m25.4k shares	Added
ADVANCED MICRO DEVICES INC AMD · Put	AMD	Put	3,792	$389.9k3.8k shares	Added
APPLE INC AAPL · Put	AAPL	Put	1,751	$299.8k1.8k shares	Reduced
MORGAN STANLEY MS · Put	MS	Put	3,400	$277.7k3.4k shares	Added
VANECK ETF TRUST GDX · Put	GDX	Put	9,800	$263.7k9.8k shares	Unchanged
JPMORGAN CHASE & CO JPM · Put	JPM	Put	1,499	$217.4k1.5k shares	Unchanged
BANK AMERICA CORP BAC · Put	BAC	Put	7,792	$213.3k7.8k shares	Added
WELLS FARGO CO NEW WFC · Put	WFC	Put	4,900	$200.2k4.9k shares	Added
INVESCO QQQ TR QQQ · Put	QQQ	Put	530	$189.9k530 shares	Added
NVIDIA CORPORATION NVDA · Put	NVDA	Put	404	$175.7k404 shares	Added
UNITED AIRLS HLDGS INC UAL · Put	UAL	Put	3,150	$133.2k3.1k shares	Unchanged
ISHARES TR EEM · Put	EEM	Put	3,100	$117.6k3.1k shares	Added
AMAZON COM INC AMZN · Put	AMZN	Put	600	$76.3k600 shares	Added
ISHARES TR FXI · Put	FXI	Put	2,700	$71.6k2.7k shares	Unchanged
VERIZON COMMUNICATIONS INC VZ · Put	VZ	Put	2,000	$64.8k2.0k shares	New
TESLA INC TSLA · Put	TSLA	Put	255	$63.8k255 shares	New
FORD MTR CO F · Put	F	Put	5,011	$62.2k5.0k shares	Unchanged
AT&T INC T · Put	T	Put	4,000	$60.1k4.0k shares	New
AMERICAN AIRLS GROUP INC AAL · Put	AAL	Put	4,000	$51.2k4.0k shares	Reduced
MICRON TECHNOLOGY INC MU · Put	MU	Put	381	$25.9k381 shares	Unchanged
ISHARES TR EFA · Put	EFA	Put	300	$20.7k300 shares	Unchanged
PLUG POWER INC PLUG · Put	PLUG	Put	1,964	$14.9k2.0k shares	New
SPDR SER TR XBI · Put	XBI	Put	200	$14.6k200 shares	Unchanged
ENPHASE ENERGY INC ENPH · Put	ENPH	Put	90	$10.8k90 shares	New
UBER TECHNOLOGIES INC UBER · Put	UBER	Put	137	$6.3k137 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