BANK OF NOVA SCOTIA

TORONTO, A6 · CIK 9631 · 13F filing filed 2024-11-13

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 -2.7% vs Q2 2024

927positions

38.7%in top 10

78 new 459 added 367 reduced 82 sold out vs Q2 2024

Options: 1 call positions ($69.9k notional), 81 put positions ($37.0m 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 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

Also in the report of:

SCOTIA CAPITAL INC. – $14.8bn of shares are in both reports
BANK OF NOVA SCOTIA TRUST CO – $951.4m of shares are in both reports
JARISLOWSKY, FRASER Ltd

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

Holdings, Q3 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	26,078,239	$3.2bn6.39%	6.39%	Reduced -6.7m	-6,701,238 -20.4%
2	MICROSOFT CORP COM MSFT	MSFT	6,514,440	$2.8bn5.65%	5.65%	Added +235.1k	+235,073 3.7%
3	APPLE INC COM AAPL	AAPL	11,603,061	$2.7bn5.45%	5.45%	Added +676.7k	+676,708 6.2%
4	TORONTO DOMINION BK ONT COM NEW TD	TD	36,497,653	$2.3bn4.65%	4.65%	Added +828.6k	+828,616 2.3%
5	ROYAL BK CDA COM RY	RY	18,239,660	$2.3bn4.59%	4.59%	Reduced -4.5m	-4,484,119 -19.7%
6	CANADIAN IMPERIAL BANK OF CO COM CM	CM	22,827,001	$1.4bn2.82%	2.82%	Reduced -2.0m	-2,029,570 -8.2%
7	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	2,337,664	$1.3bn2.70%	2.70%	Reduced -980.8k	-980,755 -29.6%
8	BANK MONTREAL QUE COM BMO	BMO	14,024,491	$1.3bn2.55%	2.55%	Added +1.9m	+1,909,850 15.8%
9	ENBRIDGE INC COM ENB	ENB	24,264,350	$985.8m1.99%	1.99%	Reduced -7.3m	-7,320,612 -23.2%
10	AMAZON COM INC COM AMZN	AMZN	4,921,668	$917.1m1.85%	1.85%	Reduced -1.3m	-1,317,113 -21.1%
11	TC ENERGY CORP COM TRP	TRP	20,868,591	$903.6m1.82%	1.82%	Reduced -6.8m	-6,793,186 -24.6%
12	META PLATFORMS INC CL A META	META	1,490,544	$853.3m1.72%	1.72%	Added +140.3k	+140,274 10.4%
13	BROADCOM INC COM AVGO	AVGO	4,844,636	$835.7m1.69%	1.69%	Reduced -49.5m	-49,452,774 -91.1%
14	ALPHABET INC CAP STK CL A GOOGL	GOOGL	4,882,906	$809.8m1.63%	1.63%	Reduced -633.1k	-633,079 -11.5%
15	ISHARES TR CORE S&P500 ETF IVV	IVV	1,395,777	$805.1m1.62%	1.62%	Added +226.2k	+226,162 19.3%
16	KEYCORP COM KEY	KEY	47,926,564	$802.8m1.62%	1.62%	Added +47.7m	+47,749,372 26947.8%
17	CANADIAN NAT RES LTD COM CNQ	CNQ	23,006,856	$764.1m1.54%	1.54%	Reduced -3.9m	-3,947,465 -14.7%
18	BROOKFIELD CORP CL A LTD VT SH BN	BN	14,200,467	$754.4m1.52%	1.52%	Reduced -2.1m	-2,149,615 -13.2%
19	BCE INC COM NEW BCE	BCE	16,320,846	$567.5m1.14%	1.14%	Added +654.5k	+654,486 4.2%
20	MANULIFE FINL CORP COM MFC	MFC	16,429,686	$485.6m0.98%	0.98%	Added +250.0k	+250,027 1.6%
21	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	5,789,090	$463.8m0.94%	0.94%	Added +189.6k	+189,559 3.4%
22	SUNCOR ENERGY INC NEW COM SU	SU	12,129,010	$447.9m0.90%	0.90%	Reduced -2.7m	-2,743,058 -18.4%
23	ALPHABET INC CAP STK CL C GOOG	GOOG	2,621,314	$438.3m0.88%	0.88%	Added +15.7k	+15,665 0.6%
24	SUN LIFE FINANCIAL INC. COM SLF	SLF	7,046,738	$408.8m0.82%	0.82%	Reduced -160.1k	-160,127 -2.2%
25	TELUS CORPORATION COM TU	TU	23,559,577	$395.3m0.80%	0.80%	Added +1.5m	+1,536,856 7.0%
26	CANADIAN PACIFIC KANSAS CITY COM CP	CP	4,484,519	$383.6m0.77%	0.77%	Reduced -33.3k	-33,317 -0.7%
27	FORTIS INC COM FTS	FTS	8,322,156	$378.2m0.76%	0.76%	Reduced -883.8k	-883,830 -9.6%
28	CANADIAN NATL RY CO COM CNI	CNI	2,917,904	$341.7m0.69%	0.69%	Reduced -672.7k	-672,692 -18.7%
29	PEMBINA PIPELINE CORP COM PBA	PBA	8,259,280	$340.5m0.69%	0.69%	Reduced -4.9m	-4,935,510 -37.4%
30	PALO ALTO NETWORKS INC NOTE 0.375% 6/0 PANW 0.375 06.01.25	PANW 0.375 06.01.25	92,130,000	$317.3m0.64%	0.64%	New
31	TESLA INC COM TSLA	TSLA	1,106,496	$289.5m0.58%	0.58%	Added +760.2k	+760,248 219.6%
32	ADVANCED MICRO DEVICES INC COM AMD	AMD	1,656,335	$271.8m0.55%	0.55%	Reduced -213.5k	-213,481 -11.4%
33	ROGERS COMMUNICATIONS INC CL B RCI	RCI	6,416,002	$258.0m0.52%	0.52%	Added +474.9k	+474,901 8.0%
34	HYATT HOTELS CORP COM CL A H	H	1,679,929	$255.7m0.52%	0.52%	Added +16.1k	+16,106 1.0%
35	COSTCO WHSL CORP NEW COM COST	COST	279,281	$247.6m0.50%	0.50%	Reduced -19.2k	-19,176 -6.4%
36	CATERPILLAR INC COM CAT	CAT	584,378	$228.6m0.46%	0.46%	Added +108.2k	+108,248 22.7%
37	NUTRIEN LTD COM NTR	NTR	4,720,041	$226.8m0.46%	0.46%	Added +781.4k	+781,396 19.8%
38	AGNICO EAGLE MINES LTD COM AEM	AEM	2,737,047	$220.5m0.44%	0.44%	Added +60.5k	+60,470 2.3%
39	BARRICK GOLD CORP COM COM		10,674,042	$212.3m0.43%	0.43%	Added +388.6k	+388,620 3.8%
40	VANECK ETF TRUST SEMICONDUCTR ETF SMH	SMH	854,998	$209.9m0.42%	0.42%	Reduced -75.3k	-75,271 -8.1%
41	ISHARES TR SHORT TREAS BD SHV	SHV	1,857,832	$205.6m0.41%	0.41%	Reduced -101.6k	-101,564 -5.2%
42	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	433,544	$199.5m0.40%	0.40%	Reduced -65.0k	-64,982 -13.0%
43	JPMORGAN CHASE & CO COM JPM	JPM	926,827	$195.4m0.39%	0.39%	Reduced -1.0m	-1,004,388 -52.0%
44	VERIZON COMMUNICATIONS INC COM VZ	VZ	4,263,003	$191.5m0.39%	0.39%	Added +1.2m	+1,201,179 39.2%
45	SALESFORCE INC COM CRM	CRM	695,190	$190.3m0.38%	0.38%	Added +374.2k	+374,222 116.6%
46	QUALCOMM INC COM QCOM	QCOM	1,083,529	$184.3m0.37%	0.37%	Added +269.7k	+269,689 33.1%
47	COCA COLA CO COM KO	KO	2,539,429	$182.5m0.37%	0.37%	Added +1.6m	+1,551,649 157.1%
48	COMPANIA DE MINAS BUENAVENTU SPONSORED ADR BVN	BVN	12,862,709	$178.0m0.36%	0.36%	Added +3.3m	+3,286,270 34.3%
49	WALMART INC COM WMT	WMT	2,128,666	$171.9m0.35%	0.35%	Added +974.5k	+974,510 84.4%
50	UNITEDHEALTH GROUP INC COM UNH	UNH	289,656	$169.4m0.34%	0.34%	Reduced -104.8k	-104,826 -26.6%
51	ELI LILLY & CO COM LLY	LLY	188,576	$167.1m0.34%	0.34%	Reduced -49.9k	-49,918 -20.9%
52	PROCTER AND GAMBLE CO COM PG	PG	959,930	$166.3m0.34%	0.34%	Reduced -97.6k	-97,649 -9.2%
53	WASTE CONNECTIONS INC COM WCN	WCN	928,077	$165.9m0.33%	0.33%	Added +39.3k	+39,272 4.4%
54	ABBVIE INC COM ABBV	ABBV	837,148	$165.3m0.33%	0.33%	Reduced -125.1k	-125,091 -13.0%
55	CREDICORP LTD COM BAP	BAP	897,369	$162.4m0.33%	0.33%	Added +13.9k	+13,896 1.6%
56	ADOBE INC COM ADBE	ADBE	308,529	$159.8m0.32%	0.32%	Reduced -21.5k	-21,495 -6.5%
57	BROOKFIELD INFRAST PARTNERS LP INT UNIT BIP	BIP	4,345,750	$152.5m0.31%	0.31%	Added +1.0m	+1,026,750 30.9%
58	CENOVUS ENERGY INC COM CVE	CVE	9,000,786	$150.5m0.30%	0.30%	Reduced -345.9k	-345,930 -3.7%
59	HONEYWELL INTL INC COM COM		727,602	$150.4m0.30%	0.30%	Added +232.0k	+232,008 46.8%
60	AT&T INC COM T	T	6,330,452	$139.3m0.28%	0.28%	Reduced -330.4k	-330,426 -5.0%
61	MERCK & CO INC COM MRK	MRK	1,214,293	$137.9m0.28%	0.28%	Added +408.5k	+408,465 50.7%
62	PROGRESSIVE CORP COM PGR	PGR	538,083	$136.6m0.28%	0.28%	Added +81.0k	+81,030 17.7%
63	BANK AMERICA CORP COM BAC	BAC	3,433,859	$136.3m0.27%	0.27%	Added +127.5k	+127,484 3.9%
64	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	2,863,108	$135.3m0.27%	0.27%	Added +65.6k	+65,585 2.3%
65	CGI INC CL A SUB VTG GIB	GIB	1,163,579	$133.9m0.27%	0.27%	Added +8.0k	+7,984 0.7%
66	WHEATON PRECIOUS METALS CORP COM WPM	WPM	2,166,188	$132.3m0.27%	0.27%	Added +73.2k	+73,221 3.5%
67	THOMSON REUTERS CORP COM COM		747,589	$127.5m0.26%	0.26%	Reduced -18.7k	-18,734 -2.4%
68	RESTAURANT BRANDS INTL INC COM QSR	QSR	1,728,710	$124.7m0.25%	0.25%	Reduced -649.9k	-649,915 -27.3%
69	MASTERCARD INCORPORATED CL A MA	MA	251,247	$124.1m0.25%	0.25%	Added +51.7k	+51,668 25.9%
70	SHERWIN WILLIAMS CO COM SHW	SHW	321,123	$122.6m0.25%	0.25%	Reduced -205.3k	-205,299 -39.0%
71	AIR PRODS & CHEMS INC COM APD	APD	403,447	$120.1m0.24%	0.24%	Added +40.7k	+40,674 11.2%
72	TEXAS INSTRS INC COM TXN	TXN	571,193	$118.0m0.24%	0.24%	Added +476.4k	+476,402 502.6%
73	TECK RESOURCES LTD CL B TECK	TECK	2,250,767	$117.6m0.24%	0.24%	Added +55.3k	+55,286 2.5%
74	FRANCO NEV CORP COM FNV	FNV	935,604	$116.2m0.23%	0.23%	Added +31.2k	+31,189 3.5%
75	HOME DEPOT INC COM HD	HD	281,222	$114.0m0.23%	0.23%	Reduced -113.0k	-112,977 -28.7%
76	VISA INC COM CL A V	V	406,160	$111.7m0.23%	0.23%	Added +34.3k	+34,310 9.2%
77	EXXON MOBIL CORP COM XOM	XOM	937,995	$110.0m0.22%	0.22%	Reduced -1.8m	-1,804,338 -65.8%
78	ISHARES TR MSCI ACWI ETF ACWI	ACWI	898,638	$107.4m0.22%	0.22%	Reduced -807.8k	-807,848 -47.3%
79	CAMECO CORP COM CCJ	CCJ	2,193,319	$104.8m0.21%	0.21%	Reduced -712.3k	-712,254 -24.5%
80	REGENERON PHARMACEUTICALS COM REGN	REGN	98,691	$103.7m0.21%	0.21%	Added +2.6k	+2,555 2.7%
81	JOHNSON & JOHNSON COM JNJ	JNJ	614,232	$99.5m0.20%	0.20%	Reduced -63.9k	-63,881 -9.4%
82	APPLIED MATLS INC COM AMAT	AMAT	488,954	$98.8m0.20%	0.20%	Added +109.4k	+109,444 28.8%
83	WILLIAMS COS INC COM WMB	WMB	2,135,975	$97.5m0.20%	0.20%	Reduced -211.9k	-211,918 -9.0%
84	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	157,402	$97.4m0.20%	0.20%	Added +28.7k	+28,730 22.3%
85	KINROSS GOLD CORP COM KGC	KGC	10,340,375	$96.9m0.20%	0.20%	Added +297.8k	+297,806 3.0%
86	PFIZER INC COM PFE	PFE	3,328,799	$96.3m0.19%	0.19%	Reduced -2.6m	-2,551,084 -43.4%
87	COGNIZANT TECHNOLOGY SOLUTIO CL A CTSH	CTSH	1,233,569	$95.2m0.19%	0.19%	Added +421.9k	+421,892 52.0%
88	CATALENT INC COM CTLT	CTLT	1,538,562	$93.2m0.19%	0.19%	Added +1.1m	+1,050,314 215.1%
89	WELLS FARGO CO NEW COM WFC	WFC	1,632,369	$92.2m0.19%	0.19%	Added +714.3k	+714,289 77.8%
90	KLA CORP COM NEW KLAC	KLAC	118,998	$92.2m0.19%	0.19%	Added +14.2k	+14,170 13.5%
91	MAGNA INTL INC COM MGA	MGA	2,221,461	$91.1m0.18%	0.18%	Reduced -144.3k	-144,270 -6.1%
92	GOLDMAN SACHS GROUP INC COM GS	GS	182,680	$90.4m0.18%	0.18%	Reduced -5.7k	-5,680 -3.0%
93	BOOKING HOLDINGS INC NOTE 0.750% 5/0 · principal BKNG 0.75 05.01.25 · principal	BKNG 0.75 05.01.25	40,000,000	$89.9m0.18%	0.18%	Added +12.8m	+12,800,000 47.1%
94	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	323,265	$89.5m0.18%	0.18%	Added +183.5k	+183,463 131.2%
95	CHIPOTLE MEXICAN GRILL INC COM CMG	CMG	1,496,256	$86.2m0.17%	0.17%	Added +447.3k	+447,332 42.6%
96	ISHARES TR RUS 1000 GRW ETF IWF	IWF	229,000	$86.0m0.17%	0.17%	Unchanged
97	TRUIST FINL CORP COM TFC	TFC	1,965,363	$84.1m0.17%	0.17%	Added +537.2k	+537,194 37.6%
98	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	169,232	$83.1m0.17%	0.17%	Reduced -27.9k	-27,908 -14.2%
99	CISCO SYS INC COM CSCO	CSCO	1,524,824	$81.2m0.16%	0.16%	Added +283.2k	+283,205 22.8%
100	FIRSTSERVICE CORP NEW COM FSV	FSV	425,238	$77.7m0.16%	0.16%	Added +56.8k	+56,823 15.4%

Sold out since Q2 2024

Security	Ticker	Shares held before	Value then
PALO ALTO NETWORKS INC PANW 0.375 06.01.25	PANW 0.375 06.01.25	71,163,000	$241.4m71.2m shares
ISHARES TR IEF	IEF	1,129,120	$105.7m1.1m shares
SELECT SECTOR SPDR TR XLC	XLC	1,000,000	$85.7m1.0m shares
ISHARES TR EMB	EMB	770,333	$68.2m770.3k shares
ISHARES INC EWJ	EWJ	637,598	$43.5m637.6k shares
HUBSPOT INC HUBS 0.375 06.01.25	HUBS 0.375 06.01.25	20,225,000	$42.5m20.2m shares
VANECK ETF TRUST GDXJ	GDXJ	1,000,000	$42.1m1.0m shares
ETSY INC ETSY	ETSY	690,075	$40.7m690.1k shares
VANGUARD INTL EQUITY INDEX F VWO	VWO	900,000	$39.4m900.0k shares
CAESARS ENTERTAINMENT INC NE CZR	CZR	889,832	$35.4m889.8k shares
INVESCO EXCHANGE TRADED FD T RSP	RSP	166,065	$27.3m166.1k shares
MONGODB INC MDB 0.25 01.15.26	MDB 0.25 01.15.26	20,000,000	$26.4m20.0m shares
BROOKFIELD REINS LTD		500,014	$20.8m500.0k shares
FIRST TR EXCHANGE TRADED FD AIRR	AIRR	267,400	$18.3m267.4k shares
VANGUARD SPECIALIZED FUNDS VIG	VIG	100,000	$18.3m100.0k shares
BLOCK INC XYZ 0.125 03.01.25	XYZ 0.125 03.01.25	12,000,000	$11.6m12.0m shares
TOAST INC TOST	TOST	446,225	$11.5m446.2k shares
WESTROCK CO WRK	WRK	224,824	$11.3m224.8k shares
VANGUARD INTL EQUITY INDEX F VT	VT	100,000	$11.3m100.0k shares
PROSHARES TR TQQQ	TQQQ	150,000	$11.1m150.0k shares
LIBERTY MEDIA CORP DEL		472,000	$10.5m472.0k shares
CLOUDFLARE INC NET 0 08.15.26	NET 0 08.15.26	11,000,000	$10.0m11.0m shares
ON SEMICONDUCTOR CORP ON 0.5 03.01.29	ON 0.5 03.01.29	10,000,000	$9.7m10.0m shares
VEREN INC VRN	VRN	1,151,398	$9.1m1.2m shares
DEXCOM INC DXCM 0.375 05.15.28	DXCM 0.375 05.15.28	9,000,000	$8.9m9.0m shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
MICROSOFT CORP MSFT · Put	MSFT	Put	19,725	$8.5m19.7k shares	Added
APPLE INC AAPL · Put	AAPL	Put	20,640	$4.8m20.6k shares	Added
NVIDIA CORPORATION NVDA · Put	NVDA	Put	34,030	$4.1m34.0k shares	Added
ALPHABET INC GOOGL · Put	GOOGL	Put	11,500	$1.9m11.5k shares	Unchanged
TESLA INC TSLA · Put	TSLA	Put	7,225	$1.9m7.2k shares	Added
INVESCO EXCHANGE TRADED FD T RSP · Put	RSP	Put	10,000	$1.8m10.0k shares	Added
BANK AMERICA CORP BAC · Put	BAC	Put	38,092	$1.5m38.1k shares	Reduced
CITIGROUP INC C · Put	C	Put	23,250	$1.5m23.2k shares	Reduced
ADVANCED MICRO DEVICES INC AMD · Put	AMD	Put	6,501	$1.1m6.5k shares	Reduced
AMAZON COM INC AMZN · Put	AMZN	Put	5,034	$938.0k5.0k shares	Reduced
MORGAN STANLEY MS · Put	MS	Put	8,240	$858.9k8.2k shares	Unchanged
META PLATFORMS INC META · Put	META	Put	1,238	$708.7k1.2k shares	Added
VERIZON COMMUNICATIONS INC VZ · Put	VZ	Put	13,700	$615.3k13.7k shares	Unchanged
QUALCOMM INC QCOM · Put	QCOM	Put	3,500	$595.2k3.5k shares	New
VANECK ETF TRUST GDX · Put	GDX	Put	13,380	$532.8k13.4k shares	Added
ISHARES TR IWM · Put	IWM	Put	2,200	$486.0k2.2k shares	Unchanged
ISHARES TR ITB · Put	ITB	Put	2,600	$330.5k2.6k shares	Unchanged
WELLS FARGO CO NEW WFC · Put	WFC	Put	5,719	$323.1k5.7k shares	Added
ROYAL CARIBBEAN GROUP RCL · Put	RCL	Put	1,800	$319.2k1.8k shares	Unchanged
PALO ALTO NETWORKS INC PANW · Put	PANW	Put	854	$291.9k854 shares	New
MCDONALDS CORP MCD · Put	MCD	Put	945	$287.8k945 shares	New
PFIZER INC PFE · Put	PFE	Put	6,206	$179.6k6.2k shares	Unchanged
AT&T INC T · Put	T	Put	8,000	$176.0k8.0k shares	Unchanged
DISNEY WALT CO DIS · Put	DIS	Put	1,720	$165.4k1.7k shares	Unchanged
ANALOG DEVICES INC ADI · Put	ADI	Put	660	$151.9k660 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