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Bank of Nova Scotia

Bank of Nova Scotia Portfolio holdings

AUM $57.2B
1-Year Est. Return 35.3%
This Fund
S&P 500
This Quarter Est. Return
+13.18%
1 Year Est. Return
+35.3%
3 Year Est. Return
+94.35%
5 Year Est. Return
+115.22%
10 Year Est. Return
+368.12%
AUM
$53.3B
AUM Growth
+$15.4B
Cap. Flow
+$9.82B
Cap. Flow %
18.41%
Top 10 Hldgs %
32.63%
Holding
1,115
New
118
Increased
533
Reduced
297
Closed
119

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$1.23B
2
MSFT icon
Microsoft
MSFT
+$909M
3
NVDA icon
NVIDIA
NVDA
+$721M
4
AVGO icon
Broadcom
AVGO
+$603M
5
IVV icon
iShares Core S&P 500 ETF
IVV
+$522M

Top Sells

Rank Stock Value
1
CNQ icon
Canadian Natural Resources
CNQ
+$250M
2
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$178M
3
ATVI
Activision Blizzard
ATVI
+$135M
4
CNI icon
Canadian National Railway
CNI
+$113M
5
FXI icon
iShares China Large-Cap ETF
FXI
+$101M

Sector Composition

Rank Sector Weight
1 Financials 24.91%
2 Technology 22.21%
3 Energy 10.32%
4 Communication Services 7.34%
5 Industrials 5.83%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MFC icon
26
Manulife Financial
MFC
$72.7B
$469M 0.88%
21,232,150
-2,720,015
-11% -$52.2M
GOOG icon
27
Alphabet (Google) Class C
GOOG
$4.19T
$424M 0.8%
3,010,577
+1,527,598
+103% +$207M
SLF icon
28
Sun Life Financial
SLF
$44.6B
$417M 0.78%
8,041,990
-1,883,918
-19% -$92.7M
TU icon
29
Telus
TU
$15.2B
$407M 0.76%
22,881,520
+1,250,827
+6% +$21.6M
COST icon
30
Costco
COST
$419B
$366M 0.69%
553,972
+352,915
+176% +$209M
QQQ icon
31
Invesco QQQ Trust
QQQ
$478B
$362M 0.68%
883,673
+863,317
+4,241% +$328M
NTR icon
32
Nutrien
NTR
$32.1B
$346M 0.65%
6,134,082
-37,756
-0.6% -$2.13M
MRK icon
33
Merck
MRK
$322B
$343M 0.64%
3,144,632
+2,449,211
+352% +$254M
INTC icon
34
Intel
INTC
$493B
$331M 0.62%
6,596,885
+3,682,252
+126% +$150M
QCOM icon
35
Qualcomm
QCOM
$171B
$316M 0.59%
2,185,699
+688,714
+46% +$85.3M
UNH icon
36
UnitedHealth
UNH
$361B
$305M 0.57%
579,571
+128,578
+29% +$68.6M
FTS icon
37
Fortis
FTS
$28.6B
$298M 0.56%
7,242,796
+215,897
+3% +$8.7M
LLY icon
38
Eli Lilly
LLY
$1.08T
$292M 0.55%
500,427
+228,341
+84% +$133M
BAC icon
39
Bank of America
BAC
$448B
$267M 0.5%
7,923,693
+4,139,781
+109% +$121M
DIS icon
40
Walt Disney
DIS
$179B
$250M 0.47%
2,772,016
+1,241,327
+81% +$109M
B
41
Barrick Mining
B
$66B
$248M 0.46%
13,720,285
-1,529,563
-10% -$25.1M
WCN
42
Waste Connections
WCN
$42B
$228M 0.43%
1,526,637
-381,039
-20% -$52.3M
PFE icon
43
Pfizer
PFE
$152B
$226M 0.42%
7,840,192
+2,336,209
+42% +$70.6M
RCI icon
44
Rogers Communications
RCI
$19.1B
$225M 0.42%
4,796,277
-19,605
-0.4% -$817K
QSR icon
45
Restaurant Brands International
QSR
$25.6B
$220M 0.41%
2,811,985
-423,015
-13% -$29.4M
CVE icon
46
Cenovus Energy
CVE
$55B
$219M 0.41%
13,127,386
-2,254,791
-15% -$41.3M
H icon
47
Hyatt Hotels
H
$16.3B
$218M 0.41%
1,672,454
+9,919
+0.6% +$1.12M
WFC icon
48
Wells Fargo
WFC
$264B
$218M 0.41%
4,429,276
+1,366,447
+45% +$59M
MCD icon
49
McDonald's
MCD
$194B
$215M 0.4%
724,598
+525,824
+265% +$143M
WMT icon
50
Walmart Inc
WMT
$901B
$209M 0.39%
3,980,553
+2,155,020
+118% +$114M
1
2
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Bank of Nova Scotia's Q4 2023 Portfolio in Review

As of Q4 2023, Bank of Nova Scotia held 1,115 positions worth $53.3B, up 41% from $37.9B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Bank of Nova Scotia deployed $9.82B of net new capital in Q4 2023, opening 118 new positions and adding to 533 existing holdings. Its largest new stake was iShares MSCI Mexico ETF: 1,518,800 shares worth $103M.

By sector, the portfolio is most concentrated in Financials at 25% of assets, down from 26% a quarter earlier, followed by Technology and Energy.

On the sell side, the largest reduction was Canadian Natural Resources, an estimated $250M trimmed.

  • Bank of Nova Scotia's largest Q4 2023 buy was iShares MSCI Mexico ETF: 1,518,800 shares worth $103M.
  • Bank of Nova Scotia added most to Apple in Q4 2023, an estimated $1.23B increase.
  • Bank of Nova Scotia's biggest Q4 2023 reduction was Canadian Natural Resources, cutting an estimated $250M.
  • Bank of Nova Scotia fully exited iShares JPMorgan USD Emerging Markets Bond ETF in Q4 2023, selling an estimated $178M.
  • Bank of Nova Scotia's ten largest holdings make up 33% of its $53.3B portfolio in Q4 2023.
  • Bank of Nova Scotia opened 118 new positions and closed 119 in Q4 2023.
  • Bank of Nova Scotia's portfolio value rose 41% quarter-over-quarter to $53.3B.

Based on Bank of Nova Scotia's 13F filing for Q4 2023, filed 12 Feb 2024.