BANK OF NOVA SCOTIA

TORONTO, A6 · CIK 9631 · 13F filing filed 2026-02-13

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

$67.5bn reported value +19.4% vs Q3 2025

1,021positions

37.9%in top 10

153 new 565 added 272 reduced 95 sold out vs Q3 2025

Options: 0 call positions (— notional), 82 put positions ($87.1m 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. – $18.6bn of shares are in both reports
BANK OF NOVA SCOTIA TRUST CO

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

Holdings, Q4 2025

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	23,708,275	$4.4bn6.56%	6.56%	Added +3.8m	+3,837,512 19.3%
2	KEYCORP COM KEY	KEY	162,095,375	$3.3bn4.96%	4.96%	Reduced -872.0k	-872,036 -0.5%
3	MICROSOFT CORP COM MSFT	MSFT	5,921,816	$2.9bn4.25%	4.25%	Added +2.1m	+2,134,820 56.4%
4	ROYAL BK CDA COM RY	RY	15,233,532	$2.6bn3.85%	3.85%	Added +238.6k	+238,589 1.6%
5	APPLE INC COM AAPL	AAPL	9,013,426	$2.5bn3.63%	3.63%	Reduced -5.1m	-5,109,711 -36.2%
6	ISHARES TR CORE S&P500 ETF IVV	IVV	3,345,592	$2.3bn3.40%	3.40%	Added +1.3m	+1,311,500 64.5%
7	ALPHABET INC CAP STK CL A GOOGL	GOOGL	7,230,911	$2.3bn3.36%	3.36%	Added +4.0m	+3,962,049 121.2%
8	BROADCOM INC COM AVGO	AVGO	5,985,758	$2.1bn3.07%	3.07%	Added +3.1m	+3,139,147 110.3%
9	TORONTO DOMINION BK ONT COM NEW TD	TD	19,486,741	$1.8bn2.72%	2.72%	Added +1.2m	+1,234,510 6.8%
10	META PLATFORMS INC CL A META	META	2,118,664	$1.4bn2.07%	2.07%	Added +1.0m	+1,020,680 93.0%
11	ALPHABET INC CAP STK CL C GOOG	GOOG	4,431,287	$1.4bn2.06%	2.06%	Reduced -705.2k	-705,171 -13.7%
12	AMAZON COM INC COM AMZN	AMZN	5,571,096	$1.3bn1.91%	1.91%	Reduced -30.6k	-30,633 -0.6%
13	CANADIAN IMPERIAL BANK OF CO COM CM	CM	12,626,278	$1.1bn1.70%	1.70%	Reduced -2.7m	-2,670,489 -17.5%
14	MICRON TECHNOLOGY INC COM MU	MU	3,514,894	$1.0bn1.49%	1.49%	Added +1.9m	+1,947,321 124.2%
15	TESLA INC COM TSLA	TSLA	1,742,509	$783.6m1.16%	1.16%	Added +356.3k	+356,347 25.7%
16	BANK MONTREAL QUE COM BMO	BMO	5,965,369	$774.7m1.15%	1.15%	Reduced -408.2k	-408,232 -6.4%
17	JPMORGAN CHASE & CO COM JPM	JPM	1,973,687	$636.0m0.94%	0.94%	Reduced -342.9k	-342,880 -14.8%
18	BROOKFIELD CORP CL A LTD VT SH BN	BN	13,765,260	$632.0m0.94%	0.94%	Reduced -4.3m	-4,323,062 -23.9%
19	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	2,975,472	$528.9m0.78%	0.78%	Added +1.5m	+1,463,272 96.8%
20	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	720,686	$491.5m0.73%	0.73%	Reduced -594.3k	-594,340 -45.2%
21	UNITEDHEALTH GROUP INC COM UNH	UNH	1,476,440	$487.4m0.72%	0.72%	Added +358.0k	+357,986 32.0%
22	ORACLE CORP COM ORCL	ORCL	2,277,362	$443.9m0.66%	0.66%	Added +1.5m	+1,492,971 190.3%
23	MANULIFE FINL CORP COM MFC	MFC	11,942,962	$433.7m0.64%	0.64%	Reduced -1.4m	-1,358,137 -10.2%
24	TC ENERGY CORP COM TRP	TRP	7,741,865	$426.3m0.63%	0.63%	Reduced -3.6m	-3,628,724 -31.9%
25	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	2,574,111	$414.5m0.61%	0.61%	Reduced -2.0m	-1,999,946 -43.7%
26	BCE INC COM NEW BCE	BCE	17,136,466	$408.7m0.61%	0.61%	Added +2.3m	+2,250,106 15.1%
27	SUN LIFE FINANCIAL INC. COM SLF	SLF	5,991,249	$374.0m0.55%	0.55%	Added +1.3m	+1,277,583 27.1%
28	ELI LILLY & CO COM LLY	LLY	344,283	$370.0m0.55%	0.55%	Added +11.0k	+10,979 3.3%
29	KLA CORP COM NEW KLAC	KLAC	289,952	$352.3m0.52%	0.52%	Added +164.4k	+164,428 131.0%
30	ENBRIDGE INC COM ENB	ENB	7,259,322	$347.4m0.51%	0.51%	Reduced -2.3m	-2,267,058 -23.8%
31	COSTCO WHSL CORP NEW COM COST	COST	379,132	$326.9m0.48%	0.48%	Added +205.5k	+205,495 118.3%
32	TEXAS INSTRS INC COM TXN	TXN	1,798,454	$312.0m0.46%	0.46%	Added +1.6m	+1,629,172 962.4%
33	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	542,559	$307.3m0.46%	0.46%	Reduced -59.9k	-59,937 -9.9%
34	NETFLIX INC COM NFLX	NFLX	3,241,247	$303.9m0.45%	0.45%	Added +1.5m	+1,483,137 84.4%
35	BOOKING HOLDINGS INC COM BKNG	BKNG	54,498	$291.9m0.43%	0.43%	Added +35.8k	+35,842 192.1%
36	PROGRESSIVE CORP COM PGR	PGR	1,267,396	$288.6m0.43%	0.43%	Added +610.2k	+610,168 92.8%
37	GE AEROSPACE COM NEW GE	GE	933,516	$287.6m0.43%	0.43%	Added +687.9k	+687,872 280.0%
38	NEWMONT CORP COM NEM	NEM	2,868,124	$286.4m0.42%	0.42%	Added +1.0m	+1,013,879 54.7%
39	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	556,966	$280.0m0.42%	0.42%	Added +148.9k	+148,950 36.5%
40	CANADIAN NATL RY CO COM CNI	CNI	2,826,410	$279.5m0.41%	0.41%	Added +140.6k	+140,612 5.2%
41	SPDR DOW JONES INDL AVERAGE UT SER 1 DIA	DIA	548,143	$263.4m0.39%	0.39%	Added +218.2k	+218,200 66.1%
42	HYATT HOTELS CORP COM CL A H	H	1,605,243	$257.4m0.38%	0.38%	Added +43.7k	+43,733 2.8%
43	JOHNSON & JOHNSON COM JNJ	JNJ	1,195,554	$247.4m0.37%	0.37%	Reduced -430.0k	-429,977 -26.4%
44	CREDICORP LTD COM BAP	BAP	829,205	$238.0m0.35%	0.35%	Reduced -201.5k	-201,482 -19.6%
45	CATERPILLAR INC COM CAT	CAT	406,004	$232.6m0.34%	0.34%	Reduced -34.0k	-33,985 -7.7%
46	TELUS CORPORATION COM TU	TU	17,536,356	$231.1m0.34%	0.34%	Added +2.8m	+2,798,034 19.0%
47	FORTIS INC COM FTS	FTS	4,405,195	$229.0m0.34%	0.34%	Reduced -630.2k	-630,203 -12.5%
48	PHILIP MORRIS INTL INC COM PM	PM	1,421,262	$228.0m0.34%	0.34%	Added +594.9k	+594,895 72.0%
49	SALESFORCE INC COM CRM	CRM	857,107	$227.1m0.34%	0.34%	Reduced -124.4k	-124,383 -12.7%
50	ROGERS COMMUNICATIONS INC CL B RCI	RCI	5,834,200	$220.2m0.33%	0.33%	Reduced -2.6m	-2,631,753 -31.1%
51	ADVANCED MICRO DEVICES INC COM AMD	AMD	1,023,251	$219.1m0.32%	0.32%	Reduced -685.2k	-685,197 -40.1%
52	INTEL CORP COM INTC	INTC	5,866,574	$216.5m0.32%	0.32%	Added +4.3m	+4,282,248 270.3%
53	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	346,573	$212.9m0.32%	0.32%	Reduced -44.5k	-44,456 -11.4%
54	MERCK & CO INC COM MRK	MRK	1,956,200	$205.9m0.31%	0.31%	Added +579.0k	+579,015 42.0%
55	ANALOG DEVICES INC COM ADI	ADI	747,175	$202.6m0.30%	0.30%	Added +477.2k	+477,163 176.7%
56	BARRICK MNG CORP COM SHS B	B	4,626,337	$201.5m0.30%	0.30%	Reduced -974.8k	-974,770 -17.4%
57	VANECK ETF TRUST SEMICONDUCTR ETF SMH	SMH	558,217	$201.0m0.30%	0.30%	Reduced -196.9k	-196,890 -26.1%
58	WESTERN DIGITAL CORP COM WDC	WDC	1,128,963	$194.5m0.29%	0.29%	Added +431.3k	+431,265 61.8%
59	LULULEMON ATHLETICA INC COM LULU	LULU	923,537	$191.9m0.28%	0.28%	Added +908.0k	+908,022 5852.5%
60	BOSTON SCIENTIFIC CORP COM BSX	BSX	1,994,081	$190.1m0.28%	0.28%	Reduced -680.5k	-680,471 -25.4%
61	CITIGROUP INC COM NEW C	C	1,614,713	$188.4m0.28%	0.28%	Added +955.1k	+955,107 144.8%
62	CISCO SYS INC COM CSCO	CSCO	2,438,231	$187.8m0.28%	0.28%	Added +605.6k	+605,631 33.0%
63	AIRBNB INC COM CL A ABNB	ABNB	1,374,706	$186.6m0.28%	0.28%	Added +320.8k	+320,764 30.4%
64	PROCTER AND GAMBLE CO COM PG	PG	1,290,754	$185.0m0.27%	0.27%	Added +175.9k	+175,885 15.8%
65	AGNICO EAGLE MINES LTD COM AEM	AEM	1,084,889	$184.0m0.27%	0.27%	Reduced -985.0k	-984,995 -47.6%
66	WELLS FARGO CO NEW COM WFC	WFC	1,920,864	$179.0m0.27%	0.27%	Added +1.4m	+1,400,497 269.1%
67	DISNEY WALT CO COM DIS	DIS	1,566,840	$178.3m0.26%	0.26%	Added +1.0m	+1,031,878 192.9%
68	SUNCOR ENERGY INC NEW COM SU	SU	3,970,557	$176.2m0.26%	0.26%	Reduced -1.1m	-1,057,842 -21.0%
69	BANK AMERICA CORP COM BAC	BAC	3,099,276	$170.5m0.25%	0.25%	Added +1.3m	+1,287,198 71.0%
70	COCA COLA CO COM KO	KO	2,434,419	$170.2m0.25%	0.25%	Added +264.0k	+263,960 12.2%
71	EMERA INC COM EMA	EMA	3,403,856	$167.7m0.25%	0.25%	Added +212.2k	+212,158 6.7%
72	DAYFORCE INC COM DAY	DAY	2,403,731	$166.2m0.25%	0.25%	Added +2.4m	+2,399,347 54729.6%
73	ABBVIE INC COM ABBV	ABBV	716,987	$163.8m0.24%	0.24%	Added +193.7k	+193,709 37.0%
74	EXXON MOBIL CORP COM XOM	XOM	1,346,757	$162.1m0.24%	0.24%	Added +642.0k	+641,980 91.1%
75	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	3,027,043	$158.6m0.24%	0.24%	Added +746.4k	+746,355 32.7%
76	PEMBINA PIPELINE CORP COM PBA	PBA	4,064,371	$154.8m0.23%	0.23%	Added +603.4k	+603,350 17.4%
77	PEPSICO INC COM PEP	PEP	1,077,800	$154.7m0.23%	0.23%	Reduced -781.4k	-781,354 -42.0%
78	HUDBAY MINERALS INC COM HBM	HBM	7,659,783	$152.0m0.23%	0.23%	Added +3.4m	+3,386,399 79.2%
79	GILEAD SCIENCES INC COM GILD	GILD	1,227,279	$150.6m0.22%	0.22%	Added +966.9k	+966,905 371.4%
80	KINROSS GOLD CORP COM KGC	KGC	5,284,591	$148.8m0.22%	0.22%	Reduced -2.9m	-2,908,645 -35.5%
81	VISA INC COM CL A V	V	423,212	$148.4m0.22%	0.22%	Added +76.5k	+76,518 22.1%
82	CANADIAN NAT RES LTD COM CNQ	CNQ	4,380,500	$148.4m0.22%	0.22%	Added +1.6m	+1,622,215 58.8%
83	LAM RESEARCH CORP COM NEW LRCX	LRCX	861,683	$147.5m0.22%	0.22%	Reduced -723.3k	-723,340 -45.6%
84	CARDINAL HEALTH INC COM CAH	CAH	692,600	$142.3m0.21%	0.21%	Added +299.1k	+299,126 76.0%
85	S&P GLOBAL INC COM SPGI	SPGI	271,465	$141.9m0.21%	0.21%	Added +24.8k	+24,789 10.1%
86	ALTRIA GROUP INC COM MO	MO	2,416,142	$139.3m0.21%	0.21%	Added +1.8m	+1,814,224 301.4%
87	UBER TECHNOLOGIES INC COM UBER	UBER	1,687,709	$137.9m0.20%	0.20%	Added +806.3k	+806,256 91.5%
88	ISHARES TR ISHARES SEMICDTR SOXX	SOXX	451,617	$136.0m0.20%	0.20%	Added +443.0k	+443,030 5159.3%
89	MORGAN STANLEY COM NEW MS	MS	760,478	$135.0m0.20%	0.20%	Added +475.2k	+475,151 166.5%
90	SCHWAB CHARLES CORP COM SCHW	SCHW	1,310,419	$130.9m0.19%	0.19%	Reduced -69.4k	-69,382 -5.0%
91	INVESCO EXCH TRADED FD TR II NASDAQ 100 ETF QQQM	QQQM	501,567	$126.9m0.19%	0.19%	Reduced -32.0k	-31,970 -6.0%
92	VERIZON COMMUNICATIONS INC COM VZ	VZ	3,063,354	$124.8m0.18%	0.18%	Added +906.9k	+906,850 42.0%
93	WESTERN DIGITAL CORP NOTE 3.000%11/1 · principal WDC 3 11.15.28 · principal	WDC 3 11.15.28	27,136,000	$124.6m0.18%	0.18%	Added +2.1m	+2,136,000 8.5%
94	NUTRIEN LTD COM NTR	NTR	1,995,605	$123.2m0.18%	0.18%	Reduced -406.9k	-406,871 -16.9%
95	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	4,259,926	$122.8m0.18%	0.18%	Added +4.0m	+3,961,944 1329.6%
96	AMGEN INC COM AMGN	AMGN	372,972	$122.1m0.18%	0.18%	Added +205.4k	+205,363 122.5%
97	MAGNA INTL INC COM MGA	MGA	2,285,095	$121.8m0.18%	0.18%	Added +94.2k	+94,196 4.3%
98	HOME DEPOT INC COM HD	HD	344,365	$118.5m0.18%	0.18%	Reduced -26.0k	-26,008 -7.0%
99	CANADIAN PACIFIC KANSAS CITY COM CP	CP	1,574,919	$115.9m0.17%	0.17%	Reduced -1.3m	-1,301,485 -45.2%
100	AKAMAI TECHNOLOGIES INC COM AKAM	AKAM	1,320,042	$115.2m0.17%	0.17%	Reduced -899.3k	-899,311 -40.5%

Sold out since Q3 2025

Security	Ticker	Shares held before	Value then
KRANESHARES TRUST KWEB	KWEB	2,273,203	$95.5m2.3m shares
GLOBAL X FDS COPX	COPX	1,554,039	$92.9m1.6m shares
ISHARES TR EFV	EFV	745,605	$50.6m745.6k shares
SELECT SECTOR SPDR TR XLB	XLB	1,001,780	$44.9m1.0m shares
SPDR SER TR XRT	XRT	500,000	$43.1m500.0k shares
AXON ENTERPRISE INC AXON 0.5 12.15.27	AXON 0.5 12.15.27	13,650,000	$43.0m13.7m shares
SHOPIFY INC SHOPCN 0.125 11.01.25	SHOPCN 0.125 11.01.25	38,000,000	$40.2m38.0m shares
INTERPUBLIC GROUP COS INC IPG	IPG	1,134,455	$31.7m1.1m shares
ISHARES INC ECH	ECH	906,400	$29.9m906.4k shares
ISHARES TR ESGU	ESGU	185,900	$27.1m185.9k shares
WAYFAIR INC W	W	300,000	$26.8m300.0k shares
SPIRIT AEROSYSTEMS HLDGS INC SPR	SPR	641,800	$24.8m641.8k shares
ISHARES TR EMB	EMB	209,500	$19.9m209.5k shares
LIVE NATION ENTERTAINMENT IN LYV 3.125 01.15.29	LYV 3.125 01.15.29	10,000,000	$16.3m10.0m shares
SPOTIFY TECHNOLOGY S A SPOT	SPOT	22,746	$15.9m22.7k shares
CLOUDFLARE INC NET 0 08.15.26	NET 0 08.15.26	12,500,000	$15.6m12.5m shares
SHARKNINJA INC SN	SN	129,045	$13.3m129.0k shares
INFORMATICA INC INFA	INFA	497,753	$12.4m497.8k shares
INVESCO ACTVELY MNGD ETC FD PDBC	PDBC	900,000	$12.1m900.0k shares
LIBERTY MEDIA CORP DEL		124,352	$12.1m124.4k shares
ISHARES TR ACWX	ACWX	183,220	$11.9m183.2k shares
MR COOPER GROUP INC WMIH	WMIH	55,000	$11.6m55.0k shares
STRATEGY INC MSTR 0.625 03.15.30	MSTR 0.625 03.15.30	5,000,000	$11.2m5.0m shares
VANGUARD SPECIALIZED FUNDS VIG	VIG	50,000	$10.8m50.0k shares
ISHARES TR USIG	USIG	200,000	$10.4m200.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
TESLA INC TSLA · Put	TSLA	Put	47,027	$21.1m47.0k shares	Added
NVIDIA CORPORATION NVDA · Put	NVDA	Put	92,435	$17.2m92.4k shares	Added
AMAZON COM INC AMZN · Put	AMZN	Put	30,963	$7.1m31.0k shares	Reduced
MICROSOFT CORP MSFT · Put	MSFT	Put	14,240	$6.9m14.2k shares	Added
ALPHABET INC GOOGL · Put	GOOGL	Put	12,723	$4.0m12.7k shares	Added
SPDR DOW JONES INDL AVERAGE DIA · Put	DIA	Put	7,500	$3.6m7.5k shares	Reduced
MORGAN STANLEY MS · Put	MS	Put	19,250	$3.4m19.2k shares	Reduced
INVESCO EXCHANGE TRADED FD T RSP · Put	RSP	Put	12,500	$2.4m12.5k shares	Reduced
MICRON TECHNOLOGY INC MU · Put	MU	Put	7,500	$2.1m7.5k shares	New
BERKSHIRE HATHAWAY INC DEL BRK.B · Put	BRK.B	Put	2,500	$1.3m2.5k shares	New
PALANTIR TECHNOLOGIES INC PLTR · Put	PLTR	Put	7,000	$1.2m7.0k shares	New
WELLS FARGO CO NEW WFC · Put	WFC	Put	13,300	$1.2m13.3k shares	Reduced
BANK AMERICA CORP BAC · Put	BAC	Put	20,868	$1.1m20.9k shares	Reduced
TARGET CORP TGT · Put	TGT	Put	10,500	$1.0m10.5k shares	Added
CITIGROUP INC C · Put	C	Put	8,250	$962.7k8.2k shares	Unchanged
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	1,160	$791.0k1.2k shares	Added
APPLE INC AAPL · Put	AAPL	Put	2,550	$693.2k2.5k shares	Reduced
SEAGATE TECHNOLOGY HLDNGS PL STX · Put	STX	Put	2,400	$660.9k2.4k shares	Added
AKAMAI TECHNOLOGIES INC AKAM · Put	AKAM	Put	6,900	$602.0k6.9k shares	Reduced
LIVE NATION ENTERTAINMENT IN LYV · Put	LYV	Put	4,000	$570.0k4.0k shares	Added
INVESCO QQQ TR QQQ · Put	QQQ	Put	924	$567.6k924 shares	Reduced
NETFLIX INC NFLX · Put	NFLX	Put	6,000	$562.6k6.0k shares	New
ISHARES TR EEM · Put	EEM	Put	10,000	$547.1k10.0k shares	Added
PAYPAL HLDGS INC PYPL · Put	PYPL	Put	9,084	$530.3k9.1k shares	Added
SPDR GOLD TR GLD · Put	GLD	Put	1,285	$509.3k1.3k shares	Added

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