BANK NOVA SCOTIA HALIFAX BNS
COM · Common Stock · CUSIP 064149107 · ISIN CA0641491075
- SectorFinancials
- IndustryState Commercial Banks
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($246.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $47.58. Options: 24 managers hold calls ($787.2m notional), 22 hold puts ($959.2m).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 416 |
| Q4 2022 | 421 |
| Q1 2023 | 406 |
| Q2 2023 | 388 |
| Q3 2023 | 397 |
| Q4 2023 | 392 |
| Q1 2024 | 401 |
| Q2 2024 | 395 |
| Q3 2024 | 414 |
| Q4 2024 | 444 |
| Q1 2025 | 422 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 172 | 184 |
| Q3 2023 | 163 | 176 |
| Q4 2023 | 163 | 200 |
| Q1 2024 | 217 | 146 |
| Q2 2024 | 175 | 193 |
| Q3 2024 | 194 | 172 |
| Q4 2024 | 201 | 170 |
| Q1 2025 | 193 | 204 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $491.6m | $491.1m | 1.00 |
| Q3 2024 | $848.5m | $663.4m | 0.78 |
| Q4 2024 | $651.2m | $973.4m | 1.49 |
| Q1 2025 | $787.2m | $959.2m | 1.22 |
Biggest buyers
| TORONTO DOMINION BANK | Added | +8.9m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Added | +7.9m |
| GOLDMAN SACHS GROUP INC | Added | +7.2m |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +4.9m |
| Murchinson Ltd. | New | +4.3m |
| NATIONAL BANK OF CANADA /FI/ | Added | +3.6m |
| MORGAN STANLEY | Added | +2.3m |
| NICOLA WEALTH MANAGEMENT LTD. | New | +2.3m |
| VANGUARD GROUP INC | Added | +1.8m |
| BANK OF MONTREAL /CAN/ | Added | +1.6m |
Biggest sellers
| MACKENZIE FINANCIAL CORP | Reduced | -29.2m |
| JARISLOWSKY, FRASER Ltd | Reduced | -9.8m |
| Beutel, Goodman & Co Ltd. | Reduced | -4.2m |
| CIBC Asset Management Inc | Reduced | -2.8m |
| FIL Ltd | Reduced | -1.9m |
| Zurich Insurance Group Ltd/FI | Sold out | -1.8m |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -1.8m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -1.3m |
| Federation des caisses Desjardins du Quebec | Reduced | -1.3m |
| TD Asset Management Inc | Reduced | -777.4k |
Biggest calls
| TORONTO DOMINION BANK | Added | $394.4m6.4m shares |
| CIBC WORLD MARKET INC. | Added | $79.7m1.7m shares |
| ROYAL BANK OF CANADA | Reduced | $61.8m1.3m shares |
| D. E. Shaw & Co., Inc. | Added | $37.0m780.6k shares |
| BANK OF MONTREAL /CAN/ | Reduced | $28.7m605.1k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $27.3m400.6k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $26.4m5.6k shares |
| SIG North Trading, ULC | Reduced | $23.9m504.4k shares |
| CITADEL ADVISORS LLC | Reduced | $22.0m464.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $19.2m405.1k shares |
Biggest puts
| ROYAL BANK OF CANADA | Added | $468.0m9.9m shares |
| TORONTO DOMINION BANK | Reduced | $128.8m2.7m shares |
| SIG North Trading, ULC | Added | $116.7m2.5m shares |
| CIBC WORLD MARKET INC. | Added | $93.7m2.0m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $51.2m750.6k shares |
| D. E. Shaw & Co., Inc. | Added | $41.9m883.3k shares |
| CITADEL ADVISORS LLC | Reduced | $17.0m358.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $12.1m255.2k shares |
| BANK OF MONTREAL /CAN/ | Reduced | $9.5m200.2k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $6.0m1.3k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
No one currently above 5% in the filings since 19 Dec 2024.
Fell to 5% or below in the last year: BANK OF MONTREAL /CAN/ (4.6%, 2026-05-13)
Insider purchases and sales in Q1 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 1.06% of their portfolio | 99.8m $4.7bn | Added +339.2k |
| BANK OF MONTREAL /CAN/ 1.67% of their portfolio | 66.3m $3.1bn | Added +1.6m |
| VANGUARD GROUP INC 0.05% of their portfolio | 53.2m $2.5bn | Added +1.8m |
| CIBC WORLD MARKET INC. 3.35% of their portfolio | 30.9m $1.5bn | Added +466.9k |
| TORONTO DOMINION BANK 3.51% of their portfolio | 29.0m $1.4bn | Added +8.9m |
| NATIONAL BANK OF CANADA /FI/ 1.24% of their portfolio | 22.2m $1.1bn | Added +3.6m |
| TD Asset Management Inc 0.79% of their portfolio | 18.2m $862.3m | Reduced -777.4k |
| 1832 Asset Management L.P. 1.60% of their portfolio | 17.7m $840.3m | Added +362.6k |
| MACKENZIE FINANCIAL CORP 1.02% of their portfolio | 15.2m $718.7m | Reduced -29.2m |
| SCOTIA CAPITAL INC. 3.60% of their portfolio | 14.1m $670.5m | Added +117.3k |
| NORGES BANK 0.09% of their portfolio | 14.1m $669.4m | Added +1.2m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 1.06% of their portfolio | 10.1m $477.5m | Added +7.9m |
| GOLDMAN SACHS GROUP INC 0.09% of their portfolio | 10.0m $475.5m | Added +7.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 8.4m $405.6m | Added +970.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.39% of their portfolio | 8.4m $396.6m | Added +4.9m |
| Federation des caisses Desjardins du Quebec 1.91% of their portfolio | 8.1m $385.4m | Reduced -1.3m |
| Legal & General Group Plc 0.10% of their portfolio | 8.0m $379.4m | Added +496.9k |
| CIBC Asset Management Inc 1.18% of their portfolio | 7.5m $355.1m | Reduced -2.8m |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 7.2m $340.0m | Added +1.4m |
| Connor, Clark & Lunn Investment Management Ltd. 1.31% of their portfolio | 6.3m $299.8m | Reduced -1.8m |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 5.9m $279.1m | Added +1.4m |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 5.3m $252.7m | Added +177.5k |
| MORGAN STANLEY 0.02% of their portfolio | 4.9m $231.3m | Added +2.3m |
| TD Waterhouse Canada Inc. 1.77% of their portfolio | 4.7m $216.9m | Added +805.8k |
| Murchinson Ltd. 35.59% of their portfolio | 4.3m $204.0m | New |
| Amundi 0.09% of their portfolio | 4.2m $241.9m | Added +10.6k |
| LETKO, BROSSEAU & ASSOCIATES INC 4.04% of their portfolio | 4.0m $190.2m | Reduced -115.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 3.9m $183.8m | Added +57.1k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.62% of their portfolio | 3.6m $170.8m | Reduced -267.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.15% of their portfolio | 3.2m $154.4m | Reduced -1.3m |
| Invesco Ltd. 0.02% of their portfolio | 2.4m $116.2m | Added +86.2k |
| Beutel, Goodman & Co Ltd. 0.63% of their portfolio | 2.3m $109.6m | Reduced -4.2m |
| NICOLA WEALTH MANAGEMENT LTD. 10.64% of their portfolio | 2.3m $109.1m | New |
| MUFG SECURITIES (CANADA), LTD. 3.55% of their portfolio | 2.2m $101.9m | Added +250.0k |
| Alberta Investment Management Corp 0.69% of their portfolio | 2.1m $100.8m | Unchanged |
| Clearbridge Investments, LLC 0.09% of their portfolio | 2.1m $100.6m | Reduced -96.8k |
| Cardinal Capital Management, Inc. 3.32% of their portfolio | 2.1m $97.8m | Reduced -6.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 2.0m $94.2m | Reduced -187.8k |
| JARISLOWSKY, FRASER Ltd 0.59% of their portfolio | 2.0m $93.6m | Reduced -9.8m |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 1.8m $85.7m | Added +87.0k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 1.6m $78.1m | Added +346.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 1.6m $73.9m | Added +21.4k |
| AVIVA PLC 0.17% of their portfolio | 1.5m $71.8m | Added +217.0k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 1.3m $61.8m | Reduced -38.4k |
| Russell Investments Group, Ltd. 0.08% of their portfolio | 1.3m $59.8m | Reduced -75.9k |
| Burgundy Asset Management Ltd. 0.59% of their portfolio | 1.2m $57.2m | Reduced -12.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.2m $54.8m | Added +60.5k |
| Scheer, Rowlett & Associates Investment Management Ltd. 4.06% of their portfolio | 1.2m $54.8m | Reduced -241.6k |
| Value Partners Investments Inc. 4.61% of their portfolio | 1.1m $53.4m | Added +901.1k |
| INTACT INVESTMENT MANAGEMENT INC. 1.78% of their portfolio | 1.1m $52.0m | Reduced -126.1k |
| Hillsdale Investment Management Inc. 2.63% of their portfolio | 1.1m $51.8m | Added +209.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.19% of their portfolio | 1.1m $50.2m | Added +19.0k |
| Quadrature Capital Ltd 1.09% of their portfolio | 1.0m $49.1m | New |
| CANADA LIFE ASSURANCE Co 0.09% of their portfolio | 1.0m $48.4m | Added +4.1k |
| SIG North Trading, ULC 9.62% of their portfolio | 994.4k $47.2m | Added +984.1k |
| Addenda Capital Inc. 2.49% of their portfolio | 987.2k $67.4m | Reduced -188.1k |
| BlackRock, Inc. 0.00% of their portfolio | 978.9k $46.4m | Reduced -59.5k |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 974.0k $46.2m | Added +59.8k |
| Korea Investment CORP 0.11% of their portfolio | 941.3k $44.6m | Added +5.1k |
| UBS Group AG 0.01% of their portfolio | 935.0k $44.3m | Reduced -81.6k |
| Pictet Asset Management Holding SA 0.05% of their portfolio | 901.7k $42.7m | Added +217.1k |
| Marathon Asset Management Ltd 1.29% of their portfolio | 886.6k $42.1m | Reduced -22.3k |
| Nuveen, LLC 0.01% of their portfolio | 873.7k $41.4m | First filing |
| NORTHERN TRUST CORP 0.01% of their portfolio | 836.6k $39.7m | Added +1.0k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.12% of their portfolio | 811.6k $38.5m | Added +337.0k |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 4.71% of their portfolio | 782.1k $37.1m | Reduced -7.6k |
| Qube Research & Technologies Ltd 0.06% of their portfolio | 770.8k $36.6m | Added +525.4k |
| FIL Ltd 0.03% of their portfolio | 719.7k $34.1m | Reduced -1.9m |
| CITIGROUP INC 0.03% of their portfolio | 713.9k $33.8m | Reduced -121.2k |
| State of Tennessee, Department of Treasury 0.13% of their portfolio | 708.8k $33.6m | Added +3.3k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.20% of their portfolio | 692.5k $32.8m | Reduced -381.3k |
| APG Asset Management N.V. 0.09% of their portfolio | 666.3k $29.2m | Reduced -10.4k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 659.4k $31.3m | Added +561.6k |
| Guardian Partners Inc. 3.05% of their portfolio | 631.7k $29.5m | Added +22.0k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.08% of their portfolio | 576.2k $27.3m | Reduced -30.0k |
| VAN ECK ASSOCIATES CORP 0.03% of their portfolio | 526.6k $25.0m | Added +162.0k |
| OMERS ADMINISTRATION Corp 0.19% of their portfolio | 466.9k $22.1m | Added +8.0k |
| GUARDIAN CAPITAL LP 0.87% of their portfolio | 465.4k $22.1m | Reduced -15.8k |
| Man Group plc 0.06% of their portfolio | 418.3k $19.8m | Added +387.2k |
| PORTLAND INVESTMENT COUNSEL INC. 5.90% of their portfolio | 409.6k $19.4m | Unchanged |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 401.5k $19.0m | New |
| FORSTA AP-FONDEN 0.14% of their portfolio | 393.4k $18.6m | Added +62.5k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 391.9k $18.3m | Reduced -16.7k |
| AXA S.A. 0.06% of their portfolio | 386.8k $18.3m | Reduced -7.0k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 359.6k $17.1m | Added +22.0k |
| FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 0.92% of their portfolio | 359.1k $17.0m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 333.4k $16.6m | Added +53.5k |
| BARCLAYS PLC 0.01% of their portfolio | 319.8k $15.2m | Reduced -23.2k |
| Aviso Financial Inc. 0.71% of their portfolio | 303.6k $14.4m | Reduced -43.4k |
| Caisse de depot et placement du Quebec 0.03% of their portfolio | 301.0k $14.3m | Reduced -271.0k |
| CANERECTOR INC 15.88% of their portfolio | 300.0k $20.5m | Unchanged |
| Lighthouse Investment Partners, LLC 0.63% of their portfolio | 292.3k $13.9m | New |
| DekaBank Deutsche Girozentrale 0.03% of their portfolio | 271.5k $12.9m | Reduced -1.4k |
| Varma Mutual Pension Insurance Co 0.10% of their portfolio | 256.7k $12.2m | Reduced -30.0k |
| Northwest & Ethical Investments L.P. 0.32% of their portfolio | 252.1k $12.0m | Reduced -47.6k |
| NATIXIS 0.07% of their portfolio | 239.2k $11.3m | Added +54.7k |
| Achmea Investment Management B.V. 0.16% of their portfolio | 237.4k $11.3m | Added +91.2k |
| Mn Services Vermogensbeheer B.V. 0.08% of their portfolio | 227.1k $10.8m | Reduced -38.1k |
| Investment Management Corp of Ontario 0.22% of their portfolio | 222.3k $10.5m | Added +33.1k |
| Cardinal Point Capital Management ULC 0.96% of their portfolio | 221.9k $10.5m | New |