BANK OF NOVA SCOTIA

TORONTO, A6 · CIK 9631 · 13F filing filed 2024-05-15

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

$49.6bn reported value -7.0% vs Q4 2023

960positions

35.7%in top 10

82 new 359 added 496 reduced 74 sold out vs Q4 2023

Options: 1 call positions ($15.2k notional), 35 put positions ($19.8m notional) – listed below, not included above.

This report includes the holdings of 5 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 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. – $13.3bn 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, Q1 2024

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	NVIDIA CORPORATION COM NVDA	NVDA	3,224,462	$2.9bn5.88%	5.88%	Reduced -585.2k	-585,188 -15.4%
2	TORONTO DOMINION BK ONT COM NEW TD	TD	40,507,275	$2.4bn4.93%	4.93%	Added +7.2m	+7,171,812 21.5%
3	ROYAL BK CDA COM RY	RY	23,185,793	$2.3bn4.72%	4.72%	Reduced -4.8m	-4,839,124 -17.3%
4	MICROSOFT CORP COM MSFT	MSFT	5,057,572	$2.1bn4.29%	4.29%	Reduced -776.9k	-776,857 -13.3%
5	APPLE INC COM AAPL	AAPL	10,999,229	$1.9bn3.81%	3.81%	Reduced -2.0m	-1,986,638 -15.3%
6	TC ENERGY CORP COM TRP	TRP	33,041,920	$1.3bn2.68%	2.68%	Added +4.1m	+4,061,586 14.0%
7	CANADIAN IMPERIAL BANK OF CO COM CM	CM	24,315,621	$1.2bn2.49%	2.49%	Reduced -599.5k	-599,474 -2.4%
8	CANADIAN NAT RES LTD COM CNQ	CNQ	15,657,238	$1.2bn2.41%	2.41%	Added +2.8m	+2,774,786 21.5%
9	BANK MONTREAL QUE COM BMO	BMO	11,562,814	$1.1bn2.28%	2.28%	Reduced -2.4m	-2,364,877 -17.0%
10	ENBRIDGE INC COM ENB	ENB	30,883,149	$1.1bn2.25%	2.25%	Added +887.8k	+887,807 3.0%
11	META PLATFORMS INC CL A META	META	2,287,941	$1.1bn2.24%	2.24%	Added +636.6k	+636,555 38.5%
12	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	1,791,378	$937.0m1.89%	1.89%	Reduced -394.2k	-394,157 -18.0%
13	AMAZON COM INC COM AMZN	AMZN	5,124,217	$924.1m1.86%	1.86%	Added +1.0m	+1,038,418 25.4%
14	BROOKFIELD CORP CL A LTD VT SH BN	BN	19,533,185	$817.4m1.65%	1.65%	Added +2.0m	+2,007,429 11.4%
15	BROADCOM INC COM AVGO	AVGO	504,523	$668.7m1.35%	1.35%	Reduced -431.0k	-430,999 -46.1%
16	ISHARES TR CORE S&P500 ETF IVV	IVV	1,169,590	$614.9m1.24%	1.24%	Reduced -23.6k	-23,613 -2.0%
17	SUNCOR ENERGY INC NEW COM SU	SU	13,797,389	$509.9m1.03%	1.03%	Reduced -3.5m	-3,517,779 -20.3%
18	MANULIFE FINL CORP COM MFC	MFC	20,354,823	$508.4m1.03%	1.03%	Reduced -877.3k	-877,327 -4.1%
19	CANADIAN PACIFIC KANSAS CITY COM CP	CP	5,678,733	$500.7m1.01%	1.01%	Reduced -1.8m	-1,813,385 -24.2%
20	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	6,455,349	$497.7m1.00%	1.00%	Reduced -881.9k	-881,870 -12.0%
21	BCE INC COM NEW BCE	BCE	14,481,635	$492.3m0.99%	0.99%	Reduced -161.4k	-161,379 -1.1%
22	CANADIAN NATL RY CO COM CNI	CNI	3,606,616	$474.9m0.96%	0.96%	Reduced -845.1k	-845,101 -19.0%
23	SUN LIFE FINANCIAL INC. COM SLF	SLF	7,656,225	$417.8m0.84%	0.84%	Reduced -385.8k	-385,765 -4.8%
24	PEMBINA PIPELINE CORP COM PBA	PBA	11,828,082	$417.6m0.84%	0.84%	Reduced -3.0m	-3,009,462 -20.3%
25	ALPHABET INC CAP STK CL C GOOG	GOOG	2,661,600	$405.0m0.82%	0.82%	Reduced -349.0k	-348,977 -11.6%
26	ALPHABET INC CAP STK CL A GOOGL	GOOGL	2,355,765	$355.5m0.72%	0.72%	Reduced -2.1m	-2,063,944 -46.7%
27	FORTIS INC COM FTS	FTS	8,260,836	$326.4m0.66%	0.66%	Added +1.0m	+1,018,040 14.1%
28	TELUS CORPORATION COM TU	TU	19,708,929	$315.3m0.64%	0.64%	Reduced -3.2m	-3,172,591 -13.9%
29	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	7,066,301	$297.6m0.60%	0.60%	Reduced -8.0m	-7,988,801 -53.1%
30	ISHARES TR MSCI ACWI ETF ACWI	ACWI	2,669,844	$294.0m0.59%	0.59%	Added +1.2m	+1,209,099 82.8%
31	HYATT HOTELS CORP COM CL A H	H	1,679,387	$268.1m0.54%	0.54%	Added +6.9k	+6,933 0.4%
32	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	618,888	$260.3m0.52%	0.52%	Added +86.2k	+86,170 16.2%
33	NUTRIEN LTD COM NTR	NTR	4,760,388	$258.6m0.52%	0.52%	Reduced -1.4m	-1,373,694 -22.4%
34	BARRICK GOLD CORP COM COM		13,519,612	$224.9m0.45%	0.45%	Reduced -200.7k	-200,673 -1.5%
35	PIONEER NAT RES CO COM PXD	PXD	840,758	$220.7m0.45%	0.45%	Added +397.9k	+397,914 89.8%
36	COSTCO WHSL CORP NEW COM COST	COST	299,613	$219.5m0.44%	0.44%	Reduced -254.4k	-254,359 -45.9%
37	ISHARES TR CHINA LG-CAP ETF FXI	FXI	9,039,970	$217.6m0.44%	0.44%	Added +8.8m	+8,848,010 4609.3%
38	CENOVUS ENERGY INC COM CVE	CVE	10,818,234	$216.3m0.44%	0.44%	Reduced -2.3m	-2,309,152 -17.6%
39	MICRON TECHNOLOGY INC COM MU	MU	1,763,228	$207.9m0.42%	0.42%	Added +247.6k	+247,642 16.3%
40	WASTE CONNECTIONS INC COM WCN	WCN	1,183,621	$203.5m0.41%	0.41%	Reduced -343.0k	-343,016 -22.5%
41	ROGERS COMMUNICATIONS INC CL B RCI	RCI	4,894,593	$200.6m0.40%	0.40%	Added +98.3k	+98,316 2.0%
42	CATERPILLAR INC COM CAT	CAT	524,320	$192.1m0.39%	0.39%	Added +284.2k	+284,221 118.4%
43	JPMORGAN CHASE & CO COM JPM	JPM	958,402	$192.0m0.39%	0.39%	Reduced -2.1m	-2,051,556 -68.2%
44	INTEL CORP COM INTC	INTC	4,317,181	$190.7m0.38%	0.38%	Reduced -2.3m	-2,279,704 -34.6%
45	RESTAURANT BRANDS INTL INC COM QSR	QSR	2,343,839	$186.1m0.38%	0.38%	Reduced -468.1k	-468,146 -16.6%
46	AGNICO EAGLE MINES LTD COM AEM	AEM	3,069,990	$183.1m0.37%	0.37%	Reduced -459.4k	-459,356 -13.0%
47	ADVANCED MICRO DEVICES INC COM AMD	AMD	1,001,421	$180.5m0.36%	0.36%	Reduced -50.8k	-50,816 -4.8%
48	PEPSICO INC COM PEP	PEP	1,020,850	$178.6m0.36%	0.36%	Added +492.7k	+492,676 93.3%
49	ISHARES TR SHORT TREAS BD SHV	SHV	1,606,509	$177.5m0.36%	0.36%	Added +296.3k	+296,275 22.6%
50	JOHNSON CTLS INTL PLC SHS JCI	JCI	2,640,711	$172.5m0.35%	0.35%	Added +2.4m	+2,447,324 1265.5%
51	HOME DEPOT INC COM HD	HD	432,592	$166.1m0.33%	0.33%	Added +105.1k	+105,131 32.1%
52	ORACLE CORP COM ORCL	ORCL	1,290,782	$162.1m0.33%	0.33%	Added +497.7k	+497,710 62.8%
53	PFIZER INC COM PFE	PFE	5,816,094	$161.4m0.33%	0.33%	Reduced -2.0m	-2,024,098 -25.8%
54	ABBVIE INC COM ABBV	ABBV	875,738	$159.5m0.32%	0.32%	Reduced -242.6k	-242,565 -21.7%
55	VANECK ETF TRUST SEMICONDUCTR ETF SMH	SMH	692,234	$155.7m0.31%	0.31%	Added +579.4k	+579,399 513.5%
56	ADOBE INC COM ADBE	ADBE	300,891	$151.8m0.31%	0.31%	Added +127.4k	+127,390 73.4%
57	THOMSON REUTERS CORP COM COM		951,392	$148.1m0.30%	0.30%	Reduced -204.3k	-204,277 -17.7%
58	SHERWIN WILLIAMS CO COM SHW	SHW	425,454	$147.7m0.30%	0.30%	Added +173.4k	+173,357 68.8%
59	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	474,446	$147.7m0.30%	0.30%	Added +156.1k	+156,081 49.0%
60	CAMECO CORP COM CCJ	CCJ	3,388,227	$146.7m0.30%	0.30%	Reduced -521.7k	-521,731 -13.3%
61	VERIZON COMMUNICATIONS INC COM VZ	VZ	3,447,074	$144.6m0.29%	0.29%	Reduced -97.8k	-97,832 -2.8%
62	ISHARES TR MSCI EAFE ETF EFA	EFA	1,806,152	$144.2m0.29%	0.29%	Added +423.7k	+423,680 30.6%
63	PALO ALTO NETWORKS INC NOTE 0.375% 6/0 · principal PANW 0.375 06.01.25 · principal	PANW 0.375 06.01.25	49,046,000	$140.5m0.28%	0.28%	Reduced -42.2m	-42,165,000 -46.2%
64	ELI LILLY & CO COM LLY	LLY	180,254	$140.2m0.28%	0.28%	Reduced -320.2k	-320,173 -64.0%
65	CGI INC CL A SUB VTG GIB	GIB	1,270,533	$140.2m0.28%	0.28%	Reduced -127.6k	-127,551 -9.1%
66	MASTERCARD INCORPORATED CL A MA	MA	285,743	$137.6m0.28%	0.28%	Reduced -166.9k	-166,852 -36.9%
67	COMPANIA DE MINAS BUENAVENTU SPONSORED ADR BVN	BVN	8,452,730	$134.2m0.27%	0.27%	Reduced -563.5k	-563,481 -6.2%
68	FRANCO NEV CORP COM FNV	FNV	1,122,587	$133.8m0.27%	0.27%	Reduced -257.3k	-257,300 -18.6%
69	BANK AMERICA CORP COM BAC	BAC	3,458,808	$131.2m0.26%	0.26%	Reduced -4.5m	-4,464,885 -56.4%
70	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	3,109,366	$130.6m0.26%	0.26%	Reduced -470.2k	-470,187 -13.1%
71	CREDICORP LTD COM BAP	BAP	767,533	$130.0m0.26%	0.26%	Reduced -205.5k	-205,462 -21.1%
72	STARBUCKS CORP COM SBUX	SBUX	1,410,470	$128.9m0.26%	0.26%	Reduced -750.3k	-750,267 -34.7%
73	BOEING CO COM BA	BA	664,179	$128.1m0.26%	0.26%	Added +593.6k	+593,562 840.5%
74	TESLA INC COM TSLA	TSLA	727,843	$127.9m0.26%	0.26%	Added +381.6k	+381,582 110.2%
75	DOLLAR TREE INC COM DLTR	DLTR	945,714	$125.9m0.25%	0.25%	Reduced -379.0k	-379,010 -28.6%
76	PROGRESSIVE CORP COM PGR	PGR	608,466	$125.7m0.25%	0.25%	Reduced -72.8k	-72,782 -10.7%
77	MAGNA INTL INC COM MGA	MGA	2,284,480	$124.5m0.25%	0.25%	Reduced -198.9k	-198,931 -8.0%
78	TECK RESOURCES LTD CL B TECK	TECK	2,713,618	$124.2m0.25%	0.25%	Reduced -626.3k	-626,341 -18.8%
79	QUALCOMM INC COM QCOM	QCOM	727,588	$123.2m0.25%	0.25%	Reduced -1.5m	-1,458,111 -66.7%
80	WHEATON PRECIOUS METALS CORP COM WPM	WPM	2,606,120	$122.8m0.25%	0.25%	Reduced -605.1k	-605,134 -18.8%
81	MERCK & CO INC COM MRK	MRK	913,268	$120.5m0.24%	0.24%	Reduced -2.2m	-2,231,364 -71.0%
82	AT&T INC COM T	T	6,820,647	$120.0m0.24%	0.24%	Added +1.8m	+1,776,648 35.2%
83	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	809,086	$119.5m0.24%	0.24%	Added +749.8k	+749,806 1264.8%
84	PAYPAL HLDGS INC COM PYPL	PYPL	1,719,615	$115.2m0.23%	0.23%	Reduced -477.5k	-477,490 -21.7%
85	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	197,181	$114.6m0.23%	0.23%	Reduced -133.3k	-133,348 -40.3%
86	SPDR SER TR S&P RETAIL ETF XRT	XRT	1,400,000	$110.6m0.22%	0.22%	New
87	ISHARES TR JPMORGAN USD EMG EMB	EMB	1,218,733	$109.3m0.22%	0.22%	New
88	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	273,399	$109.2m0.22%	0.22%	Added +38.0k	+38,023 16.1%
89	GILEAD SCIENCES INC COM GILD	GILD	1,488,424	$109.0m0.22%	0.22%	Added +1.1m	+1,060,673 248.0%
90	COGNIZANT TECHNOLOGY SOLUTIO CL A CTSH	CTSH	1,446,245	$106.0m0.21%	0.21%	Reduced -554.4k	-554,413 -27.7%
91	ANALOG DEVICES INC COM ADI	ADI	528,596	$104.6m0.21%	0.21%	Added +11.3k	+11,291 2.2%
92	BROOKFIELD INFRAST PARTNERS LP INT UNIT BIP	BIP	3,226,086	$100.7m0.20%	0.20%	Reduced -579.4k	-579,396 -15.2%
93	SELECT SECTOR SPDR TR SBI CONS STPLS XLP	XLP	1,259,420	$96.2m0.19%	0.19%	Added +1.3m	+1,250,010 13283.9%
94	EXXON MOBIL CORP COM XOM	XOM	814,696	$94.6m0.19%	0.19%	Reduced -320.3k	-320,274 -28.2%
95	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	225,936	$94.4m0.19%	0.19%	Added +163.6k	+163,589 262.4%
96	JOHNSON & JOHNSON COM JNJ	JNJ	594,496	$94.0m0.19%	0.19%	Added +12.4k	+12,365 2.1%
97	CONOCOPHILLIPS COM COP	COP	735,927	$93.7m0.19%	0.19%	Added +373.0k	+373,016 102.8%
98	ISHARES INC MSCI MEXICO ETF EWW	EWW	1,325,167	$91.8m0.19%	0.19%	Reduced -193.6k	-193,633 -12.8%
99	NETFLIX INC COM NFLX	NFLX	151,058	$91.7m0.19%	0.19%	Reduced -180.4k	-180,366 -54.4%
100	CHEVRON CORP NEW COM CVX	CVX	567,900	$89.5m0.18%	0.18%	Reduced -65.2k	-65,188 -10.3%

Sold out since Q4 2023

Security	Ticker	Shares held before	Value then
ANTERO RESOURCES CORP AR 4.25 09.01.26	AR 4.25 09.01.26	24,733,000	$129.4m24.7m shares
SELECT SECTOR SPDR TR XLY	XLY	507,816	$90.8m507.8k shares
SPLUNK INC SPLK	SPLK	250,192	$38.1m250.2k shares
KARUNA THERAPEUTICS INC		119,810	$37.9m119.8k shares
HUBSPOT INC HUBS 0.375 06.01.25	HUBS 0.375 06.01.25	14,430,000	$30.0m14.4m shares
LYFT INC LYFT	LYFT	1,429,889	$21.4m1.4m shares
TOLL BROTHERS INC TOL	TOL	182,821	$18.8m182.8k shares
LAZARD LTD LAZ	LAZ	531,900	$18.5m531.9k shares
MICROSTRATEGY INC MSTR 0.75 12.15.25	MSTR 0.75 12.15.25	9,656,951	$16.5m9.7m shares
GLOBUS MED INC GMED	GMED	265,101	$14.1m265.1k shares
APTARGROUP INC ATR	ATR	109,983	$13.6m110.0k shares
VANGUARD SCOTTSDALE FDS VGIT	VGIT	198,714	$11.8m198.7k shares
PIMCO ETF TR STPZ	STPZ	214,700	$11.0m214.7k shares
FIRST HORIZON CORPORATION FHN	FHN	735,560	$10.4m735.6k shares
HOWARD HUGHES HOLDINGS INC HHH	HHH	103,041	$8.8m103.0k shares
DARLING INGREDIENTS INC DAR	DAR	162,700	$8.1m162.7k shares
WILLSCOT HLDGS CORP WSC	WSC	169,308	$7.5m169.3k shares
FLEETCOR TECHNOLOGIES INC		25,534	$7.2m25.5k shares
VANGUARD SPECIALIZED FUNDS VIG	VIG	42,200	$7.2m42.2k shares
VANGUARD WHITEHALL FDS VWOB	VWOB	88,496	$5.6m88.5k shares
MICROSTRATEGY INC MSTR 0 02.15.27	MSTR 0 02.15.27	6,000,000	$5.2m6.0m shares
SOUTHWESTERN ENERGY CO SWN	SWN	676,919	$4.4m676.9k shares
MIRATI THERAPEUTICS INC MRTX	MRTX	72,000	$4.2m72.0k shares
ELANCO ANIMAL HEALTH INC ELAN	ELAN	268,760	$4.0m268.8k shares
TRIPADVISOR INC TRIP	TRIP	181,500	$3.9m181.5k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
MICROSOFT CORP MSFT · Put	MSFT	Put	8,250	$3.5m8.2k shares	Added
NVIDIA CORPORATION NVDA · Put	NVDA	Put	3,633	$3.3m3.6k shares	Added
CITIGROUP INC C · Put	C	Put	32,585	$2.1m32.6k shares	Reduced
AMAZON COM INC AMZN · Put	AMZN	Put	10,000	$1.8m10.0k shares	Added
BANK AMERICA CORP BAC · Put	BAC	Put	37,394	$1.4m37.4k shares	Reduced
FEDEX CORP FDX · Put	FDX	Put	4,375	$1.3m4.4k shares	New
MORGAN STANLEY MS · Put	MS	Put	12,640	$1.2m12.6k shares	Added
INVESCO QQQ TR QQQ · Put	QQQ	Put	2,100	$932.4k2.1k shares	Added
ISHARES TR IWM · Put	IWM	Put	4,375	$920.1k4.4k shares	New
VERIZON COMMUNICATIONS INC VZ · Put	VZ	Put	12,000	$503.5k12.0k shares	Unchanged
WELLS FARGO CO NEW WFC · Put	WFC	Put	7,538	$436.9k7.5k shares	Reduced
ISHARES TR ITB · Put	ITB	Put	2,600	$301.0k2.6k shares	New
META PLATFORMS INC META · Put	META	Put	504	$244.7k504 shares	Reduced
APPLE INC AAPL · Put	AAPL	Put	1,271	$218.0k1.3k shares	Reduced
ADVANCED MICRO DEVICES INC AMD · Put	AMD	Put	943	$170.2k943 shares	Reduced
ALPHABET INC GOOG · Put	GOOG	Put	1,000	$152.3k1.0k shares	Reduced
ALPHABET INC GOOGL · Put	GOOGL	Put	1,000	$150.9k1.0k shares	Reduced
VANECK ETF TRUST GDX · Put	GDX	Put	4,500	$142.3k4.5k shares	Reduced
AT&T INC T · Put	T	Put	8,000	$140.8k8.0k shares	Added
SELECT SECTOR SPDR TR XLF · Put	XLF	Put	3,000	$126.4k3.0k shares	Reduced
CROWDSTRIKE HLDGS INC CRWD · Put	CRWD	Put	382	$122.5k382 shares	Added
PFIZER INC PFE · Put	PFE	Put	4,400	$122.1k4.4k shares	New
SPDR DOW JONES INDL AVERAGE DIA · Put	DIA	Put	300	$119.3k300 shares	New
ISHARES TR EEM · Put	EEM	Put	2,100	$86.3k2.1k shares	Unchanged
TESLA INC TSLA · Put	TSLA	Put	475	$83.5k475 shares	Reduced

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