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 ($374.1m this quarter). Holder counts are more reliable. Shares outstanding: 1.2bn as of 2025-10-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $64.79. Options: 27 managers hold calls ($940.0m notional), 23 hold puts ($2.1bn).
Trends to Q3 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 |
| Q2 2025 | 435 |
| Q3 2025 | 462 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 163 | 200 |
| Q1 2024 | 217 | 146 |
| Q2 2024 | 175 | 193 |
| Q3 2024 | 194 | 172 |
| Q4 2024 | 201 | 170 |
| Q1 2025 | 193 | 204 |
| Q2 2025 | 199 | 182 |
| Q3 2025 | 217 | 189 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $651.2m | $973.4m | 1.49 |
| Q1 2025 | $787.2m | $959.2m | 1.22 |
| Q2 2025 | $705.7m | $2.4bn | 3.34 |
| Q3 2025 | $940.0m | $2.1bn | 2.24 |
Biggest buyers
| FIL Ltd | Added | +10.1m |
| ACADIAN ASSET MANAGEMENT LLC | Added | +7.0m |
| CIBC Asset Management Inc | Added | +3.0m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Added | +2.2m |
| Zurich Insurance Group Ltd/FI | New | +2.1m |
| Connor, Clark & Lunn Investment Management Ltd. | Added | +1.8m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +1.4m |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +1.1m |
| VANGUARD GROUP INC | Added | +1.1m |
| 1832 Asset Management L.P. | Added | +916.4k |
Biggest sellers
| ROYAL BANK OF CANADA | Reduced | -115.7m |
| GOLDMAN SACHS GROUP INC | Reduced | -25.7m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Reduced | -6.0m |
| BANK OF MONTREAL /CAN/ | Reduced | -5.5m |
| TORONTO DOMINION BANK | Reduced | -2.9m |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | Reduced | -2.2m |
| NICOLA WEALTH MANAGEMENT LTD. | Reduced | -2.0m |
| CIBC WORLD MARKET INC. | Reduced | -2.0m |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -1.9m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.7m |
Biggest calls
| ROYAL BANK OF CANADA | Added | $267.8m4.1m shares |
| SIG North Trading, ULC | Added | $124.0m1.9m shares |
| D. E. Shaw & Co., Inc. | Added | $119.6m1.9m shares |
| TORONTO DOMINION BANK | Added | $84.2m1.3m shares |
| NATIONAL BANK OF CANADA /FI/ | Added | $80.0m12.4k shares |
| CIBC WORLD MARKET INC. | Added | $77.9m1.2m shares |
| BANK OF MONTREAL /CAN/ | Reduced | $38.9m602.3k shares |
| PEAK6 LLC | Added | $20.0m309.0k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $19.4m300.0k shares |
| CITADEL ADVISORS LLC | Reduced | $16.7m258.5k shares |
Biggest puts
| ROYAL BANK OF CANADA | Reduced | $1.4bn21.5m shares |
| TORONTO DOMINION BANK | Added | $175.0m2.7m shares |
| SIG North Trading, ULC | Added | $174.9m2.7m shares |
| D. E. Shaw & Co., Inc. | Added | $145.8m2.3m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $67.6m751.4k shares |
| CIBC WORLD MARKET INC. | Unchanged | $62.8m971.8k shares |
| BANK OF MONTREAL /CAN/ | Added | $38.0m587.3k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $14.3m2.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $11.8m182.1k shares |
| BANK OF AMERICA CORP /DE/ | Unchanged | $6.5m100.0k 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 Q3 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 Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| ROYAL BANK OF CANADA 1.15% of their portfolio | 99.7m $6.4bn | Reduced -115.7m |
| VANGUARD GROUP INC 0.05% of their portfolio | 56.1m $3.6bn | Added +1.1m |
| BANK OF MONTREAL /CAN/ 1.48% of their portfolio | 53.9m $3.5bn | Reduced -5.5m |
| CIBC WORLD MARKET INC. 3.53% of their portfolio | 26.3m $1.7bn | Reduced -2.0m |
| TD Asset Management Inc 0.96% of their portfolio | 18.4m $1.2bn | Added +230.0k |
| 1832 Asset Management L.P. 1.96% of their portfolio | 17.9m $1.2bn | Added +916.4k |
| TORONTO DOMINION BANK 2.25% of their portfolio | 17.9m $1.2bn | Reduced -2.9m |
| NATIONAL BANK OF CANADA /FI/ 1.25% of their portfolio | 17.1m $1.1bn | Reduced -1.9m |
| MACKENZIE FINANCIAL CORP 1.15% of their portfolio | 14.7m $950.2m | Reduced -444.4k |
| SCOTIA CAPITAL INC. 3.87% of their portfolio | 14.1m $910.8m | Reduced -136.2k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 13.2m $852.8m | Added +43.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 11.5m $754.1m | Added +1.4m |
| FIL Ltd 0.56% of their portfolio | 11.0m $713.1m | Added +10.1m |
| CIBC Asset Management Inc 1.84% of their portfolio | 9.8m $635.7m | Added +3.0m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 1.06% of their portfolio | 8.9m $573.0m | Reduced -6.0m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.40% of their portfolio | 8.8m $566.9m | Added +1.1m |
| ACADIAN ASSET MANAGEMENT LLC 0.96% of their portfolio | 8.5m $552.6m | Added +7.0m |
| Federation des caisses Desjardins du Quebec 2.06% of their portfolio | 8.1m $522.8m | Added +351.6k |
| Legal & General Group Plc 0.12% of their portfolio | 8.0m $520.4m | Added +410.8k |
| Connor, Clark & Lunn Investment Management Ltd. 1.57% of their portfolio | 7.7m $497.2m | Added +1.8m |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 7.6m $489.9m | Reduced -25.7m |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 5.8m $375.0m | Reduced -1.7m |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 5.7m $369.7m | Added +183.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.29% of their portfolio | 5.5m $353.4m | Added +2.2m |
| TD Waterhouse Canada Inc. 1.98% of their portfolio | 4.7m $303.4m | Reduced -77.5k |
| MORGAN STANLEY 0.02% of their portfolio | 4.3m $280.4m | Added +213.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 4.1m $262.1m | Added +3.7k |
| LETKO, BROSSEAU & ASSOCIATES INC 4.42% of their portfolio | 4.0m $257.4m | Reduced -72.0k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.72% of their portfolio | 3.5m $227.2m | Reduced -51.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 3.4m $217.6m | Added +433.3k |
| Amundi 0.07% of their portfolio | 3.1m $205.4m | Reduced -1.7m |
| OMERS ADMINISTRATION Corp 1.23% of their portfolio | 2.7m $172.4m | Reduced -396.3k |
| DEUTSCHE BANK AG\ 0.05% of their portfolio | 2.4m $157.5m | Added +217.7k |
| Invesco Ltd. 0.02% of their portfolio | 2.4m $153.1m | Added +70.7k |
| Clearbridge Investments, LLC 0.11% of their portfolio | 2.3m $145.6m | Reduced -45.2k |
| Zurich Insurance Group Ltd/FI 0.99% of their portfolio | 2.1m $138.4m | New |
| Cardinal Capital Management, Inc. 3.90% of their portfolio | 2.1m $134.9m | Added +6.7k |
| MUFG SECURITIES (CANADA), LTD. 3.72% of their portfolio | 2.1m $132.9m | Reduced -55.6k |
| HSBC HOLDINGS PLC 0.07% of their portfolio | 1.9m $123.5m | Reduced -371.3k |
| SIG North Trading, ULC 17.09% of their portfolio | 1.7m $110.9m | Added +402.7k |
| Russell Investments Group, Ltd. 0.12% of their portfolio | 1.7m $108.1m | Added +406.6k |
| INTACT INVESTMENT MANAGEMENT INC. 3.22% of their portfolio | 1.6m $106.4m | Added +553.7k |
| Public Sector Pension Investment Board 0.38% of their portfolio | 1.6m $101.9m | Added +165.1k |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 1.6m $100.8m | Reduced -30.7k |
| Alberta Investment Management Corp 0.72% of their portfolio | 1.5m $99.6m | Reduced -585.4k |
| CITIGROUP INC 0.07% of their portfolio | 1.5m $98.1m | Added +540.5k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.3m $83.0m | Added +83.8k |
| JARISLOWSKY, FRASER Ltd 0.44% of their portfolio | 1.2m $80.4m | Reduced -121.0k |
| BlackRock, Inc. 0.00% of their portfolio | 1.2m $79.5m | Added +160.2k |
| Burgundy Asset Management Ltd. 0.71% of their portfolio | 1.2m $74.8m | Reduced -1.6k |
| Scheer, Rowlett & Associates Investment Management Ltd. 4.50% of their portfolio | 1.2m $75.4m | Reduced -21.8k |
| Marathon Asset Management Ltd 2.77% of their portfolio | 1.2m $75.2m | Reduced -68.9k |
| Value Partners Investments Inc. 5.90% of their portfolio | 1.1m $72.3m | Reduced -1.9k |
| Hillsdale Investment Management Inc. 2.14% of their portfolio | 1.1m $70.8m | Reduced -1.7k |
| Addenda Capital Inc. 2.91% of their portfolio | 1.1m $98.5m | Added +126.4k |
| AVIVA PLC 0.13% of their portfolio | 1.1m $68.8m | Reduced -17.6k |
| VAN ECK ASSOCIATES CORP 0.06% of their portfolio | 1.0m $66.4m | Added +204.9k |
| UBS Group AG 0.01% of their portfolio | 1.0m $66.0m | Added +95.8k |
| APG Asset Management N.V. 0.15% of their portfolio | 953.8k $52.5m | Added +1.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.08% of their portfolio | 899.6k $58.2m | Added +88.1k |
| TWO SIGMA INVESTMENTS, LP 0.09% of their portfolio | 883.8k $57.1m | Reduced -517.2k |
| Nuveen, LLC 0.01% of their portfolio | 869.3k $56.2m | Reduced -2.6k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 851.9k $55.1m | Added +42.5k |
| Pictet Asset Management Holding SA 0.05% of their portfolio | 847.8k $54.8m | Reduced -1.1k |
| CANADA LIFE ASSURANCE Co 0.08% of their portfolio | 844.2k $54.6m | Added +41.1k |
| Korea Investment CORP 0.11% of their portfolio | 800.6k $51.8m | Reduced -79.7k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.14% of their portfolio | 752.5k $48.7m | Reduced -48.8k |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 743.0k $48.0m | Reduced -109.7k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 721.1k $46.6m | Added +369.1k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.26% of their portfolio | 715.1k $46.2m | Reduced -2.2m |
| State of Tennessee, Department of Treasury 0.15% of their portfolio | 708.5k $45.8m | Reduced -300 |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 5.00% of their portfolio | 698.4k $44.9m | Reduced -66.5k |
| Caisse de depot et placement du Quebec 0.08% of their portfolio | 687.6k $44.5m | Added +386.6k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.09% of their portfolio | 591.0k $38.2m | Reduced -32.1k |
| Guardian Partners Inc. 3.22% of their portfolio | 587.6k $38.0m | Reduced -13.1k |
| NICOLA WEALTH MANAGEMENT LTD. 2.98% of their portfolio | 517.3k $33.5m | Reduced -2.0m |
| GUARDIAN CAPITAL LP 1.04% of their portfolio | 496.7k $32.1m | Added +33.5k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 465.9k $30.1m | Added +14.7k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 450.9k $29.2m | Added +64.6k |
| PORTLAND INVESTMENT COUNSEL INC. 7.25% of their portfolio | 409.6k $26.5m | Unchanged |
| Artemis Investment Management LLP 0.32% of their portfolio | 401.2k $25.9m | New |
| AGF MANAGEMENT LTD 0.15% of their portfolio | 388.5k $35.0m | Reduced -5.9k |
| AXA Investment Managers S.A. 0.07% of their portfolio | 379.1k $24.5m | First filing |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio | 369.0k $23.9m | Reduced -509.9k |
| FORSTA AP-FONDEN 0.14% of their portfolio | 365.5k $23.6m | Reduced -2.5k |
| FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 1.12% of their portfolio | 359.1k $23.2m | Unchanged |
| Northwest & Ethical Investments L.P. 0.53% of their portfolio | 345.4k $22.3m | Added +8.3k |
| BARCLAYS PLC 0.01% of their portfolio | 315.6k $20.4m | Reduced -43.8k |
| CANERECTOR INC 13.77% of their portfolio | 300.0k $27.0m | Unchanged |
| Cumberland Partners Ltd 1.23% of their portfolio | 292.1k $18.9m | Added +247.8k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 287.4k $18.6m | Added +16.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 287.4k $19.2m | Reduced -3.2k |
| Aviso Financial Inc. 0.75% of their portfolio | 286.8k $18.5m | Added +8.8k |
| Quadrature Capital Ltd 0.22% of their portfolio | 282.0k $18.2m | Reduced -846.1k |
| Varma Mutual Pension Insurance Co 0.12% of their portfolio | 280.1k $18.1m | Added +22.4k |
| DekaBank Deutsche Girozentrale 0.03% of their portfolio | 272.9k $17.8m | Unchanged |
| Beutel, Goodman & Co Ltd. 0.10% of their portfolio | 244.9k $15.8m | Added +73.2k |
| Mn Services Vermogensbeheer B.V. 0.10% of their portfolio | 244.4k $15.8m | Added +5.4k |
| Man Group plc 0.03% of their portfolio | 232.3k $15.0m | Reduced -345.5k |
| Eldred Rock Partners, LLC 3.72% of their portfolio | 231.0k $14.9m | Added +24.0k |