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Bank of Nova Scotia Portfolio holdings
AUM
$57.2B
1-Year Est. Return
35.3%
This Fund
S&P 500
This Quarter
Est. Return
+4.68%
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
$33.7B
AUM Growth
-$4.91B
(-13%)
Cap. Flow
-$6.95B
Cap. Flow
% of AUM
-20.62%
Top 10 Holdings %
Top 10 Hldgs %
37.88%
Holding
1,288
New
133
Increased
285
Reduced
627
Closed
166
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Enbridge
ENB
|
+$428M |
| 2 |
Royal Bank of Canada
RY
|
+$240M |
| 3 |
TC Energy
TRP
|
+$238M |
| 4 |
Bank of Montreal
BMO
|
+$230M |
| 5 |
Toronto Dominion Bank
TD
|
+$204M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.98B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$500M |
| 3 |
iShares MSCI ACWI ETF
ACWI
|
+$393M |
| 4 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$361M |
| 5 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$217M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 31.44% |
| 2 | Energy | 15.73% |
| 3 | Technology | 10.86% |
| 4 | Communication Services | 7.84% |
| 5 | Industrials | 7.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Royal Bank of Canada
RY
$293B
| $2.54B | 7.53% |
26,565,255
+2,420,889
| +10% | +$240M |
|
|
2
Toronto Dominion Bank
TD
$200B
| $2.06B | 6.11% |
33,980,108
+3,160,250
| +10% | +$204M |
|
|
3
Bank of Montreal
BMO
$127B
| $1.39B | 4.13% |
15,635,476
+2,424,073
| +18% | +$230M |
|
4
Canadian Imperial Bank of Commerce
CM
$108B
| $1.16B | 3.44% |
27,352,298
-2,089,092
| -7% | -$91.7M |
|
|
5
Enbridge
ENB
$112B
| $1.13B | 3.35% |
29,669,648
+10,923,338
| +58% | +$428M |
|
|
6
TC Energy
TRP
$65.9B
| $1.12B | 3.31% |
28,675,046
+5,854,295
| +26% | +$238M |
|
7
Canadian Natural Resources
CNQ
$93.8B
| $1.05B | 3.13% |
38,108,288
-1,582,794
| -4% | -$44.8M |
|
8
Apple
AAPL
$4.57T
| $1.02B | 3.03% |
6,189,574
-115,379
| -2% | -$17M |
|
9
Canadian National Railway
CNI
$76.6B
| $652M | 1.93% |
5,529,296
-137,079
| -2% | -$16.2M |
|
10
Brookfield
BN
$108B
| $647M | 1.92% |
29,777,600
+1,365,756
| +5% | +$30.8M |
|
11
BCE
BCE
$21.2B
| $640M | 1.9% |
14,297,059
+100,725
| +0.7% | +$4.55M |
|
12
Canadian Pacific Kansas City
CP
$80.5B
| $623M | 1.85% |
8,084,234
+24,160
| +0.3% | +$1.87M |
|
13
Microsoft
MSFT
$3.71T
| $609M | 1.81% |
2,113,723
-14,114
| -0.7% | -$3.6M |
|
14
Suncor Energy
SU
$70.3B
| $535M | 1.59% |
17,245,264
+3,190,129
| +23% | +$104M |
|
15
Nutrien
NTR
$30.7B
| $480M | 1.42% |
6,502,381
-138,435
| -2% | -$10.7M |
|
16
Manulife Financial
MFC
$73.5B
| $460M | 1.36% |
25,051,106
-434,426
| -2% | -$8.26M |
|
17
Pembina Pipeline
PBA
$27.6B
| $459M | 1.36% |
14,179,339
+819,717
| +6% | +$27.7M |
|
18
Telus
TU
$15.3B
| $435M | 1.29% |
21,894,672
+233,506
| +1% | +$4.75M |
|
19
Sun Life Financial
SLF
$45.4B
| $402M | 1.19% |
8,492,710
-1,492,295
| -15% | -$71.8M |
|
20
NVIDIA
NVDA
$5.42T
| $337M | 1% |
12,135,700
+3,762,040
| +45% | +$81.4M |
|
21
UnitedHealth
UNH
$370B
| $316M | 0.94% |
668,679
+213,289
| +47% | +$103M |
|
|
WCN
22
Waste Connections
WCN
$42B
| $260M | 0.77% |
1,867,897
-1,471
| -0.1% | -$196K |
|
23
Cenovus Energy
CVE
$52.1B
| $257M | 0.76% |
14,753,125
+341,858
| +2% | +$6.28M |
|
24
Alphabet (Google) Class C
GOOG
$4.32T
| $250M | 0.74% |
2,404,565
-834,511
| -26% | -$80.6M |
|
25
Restaurant Brands International
QSR
$25.8B
| $247M | 0.73% |
3,682,602
+358,879
| +11% | +$23.4M |
|
Similar funds
NAMI
Bank of Nova Scotia's Q1 2023 Portfolio in Review
As of Q1 2023, Bank of Nova Scotia held 1,288 positions worth $33.7B, down 13% from $38.6B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Bank of Nova Scotia withdrew a net $6.95B in Q1 2023, closing 166 positions and reducing 627 holdings. Its most notable exit was Coupa Software Incorporated, an estimated $73.3M position sold in full.
By sector, the portfolio is most concentrated in Financials at 31% of assets, up from 27% a quarter earlier, followed by Energy and Technology.
Against the trend, Bank of Nova Scotia opened a new position in Lyft worth $27.1M.
- Bank of Nova Scotia's largest Q1 2023 buy was Lyft: 2,927,460 shares worth $27.1M.
- Bank of Nova Scotia added most to Enbridge in Q1 2023, an estimated $428M increase.
- Bank of Nova Scotia's biggest Q1 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.98B.
- Bank of Nova Scotia fully exited Coupa Software Incorporated in Q1 2023, selling an estimated $73.3M.
- Bank of Nova Scotia's ten largest holdings make up 38% of its $33.7B portfolio in Q1 2023.
- Bank of Nova Scotia opened 133 new positions and closed 166 in Q1 2023.
- Bank of Nova Scotia's portfolio value fell 13% quarter-over-quarter to $33.7B.
Based on Bank of Nova Scotia's 13F filing for Q1 2023, filed 11 May 2023.