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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
+11.12%
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
$49.6B
AUM Growth
-$3.74B
Cap. Flow
-$8.01B
Cap. Flow %
-16.14%
Top 10 Hldgs %
35.71%
Holding
1,076
New
83
Increased
363
Reduced
506
Closed
82

Top Buys

Rank Stock Value
1
TD icon
Toronto Dominion Bank
TD
+$433M
2
META icon
Meta Platforms (Facebook)
META
+$284M
3
FXI icon
iShares China Large-Cap ETF
FXI
+$204M
4
CNQ icon
Canadian Natural Resources
CNQ
+$186M
5
AMZN icon
Amazon
AMZN
+$173M

Top Sells

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$534M
2
RY icon
Royal Bank of Canada
RY
+$478M
3
NVDA icon
NVIDIA
NVDA
+$424M
4
JPM icon
JPMorgan Chase
JPM
+$370M
5
AAPL icon
Apple
AAPL
+$361M

Sector Composition

Rank Sector Weight
1 Financials 23.19%
2 Technology 22.62%
3 Energy 12.37%
4 Communication Services 7.24%
5 Industrials 6.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVDA icon
1
NVIDIA
NVDA
$5.42T
$2.91B 5.87%
32,244,620
-5,851,880
-15% -$424M
TD icon
2
Toronto Dominion Bank
TD
$200B
$2.45B 4.93%
40,507,275
+7,171,812
+22% +$433M
RY icon
3
Royal Bank of Canada
RY
$293B
$2.34B 4.71%
23,185,793
-4,839,124
-17% -$478M
MSFT icon
4
Microsoft
MSFT
$3.71T
$2.13B 4.29%
5,057,572
-776,857
-13% -$314M
AAPL icon
5
Apple
AAPL
$4.57T
$1.89B 3.8%
10,999,229
-1,986,638
-15% -$361M
TRP icon
6
TC Energy
TRP
$65.9B
$1.33B 2.68%
33,041,920
+4,061,586
+14% +$160M
CM icon
7
Canadian Imperial Bank of Commerce
CM
$108B
$1.23B 2.49%
24,315,621
-599,474
-2% -$28.3M
CNQ icon
8
Canadian Natural Resources
CNQ
$93.8B
$1.2B 2.41%
31,314,476
+5,549,572
+22% +$186M
BMO icon
9
Bank of Montreal
BMO
$127B
$1.13B 2.28%
11,562,814
-2,364,877
-17% -$223M
ENB icon
10
Enbridge
ENB
$112B
$1.12B 2.25%
30,883,149
+887,807
+3% +$31.5M
META icon
11
Meta Platforms (Facebook)
META
$1.51T
$1.11B 2.24%
2,287,941
+636,555
+39% +$284M
SPY icon
12
State Street SPDR S&P 500 ETF Trust
SPY
$823B
$937M 1.89%
1,791,378
-394,157
-18% -$196M
AMZN icon
13
Amazon
AMZN
$2.96T
$924M 1.86%
5,124,217
+1,038,418
+25% +$173M
BN icon
14
Brookfield
BN
$108B
$817M 1.65%
29,299,778
+3,011,144
+11% +$81.2M
AVGO icon
15
Broadcom
AVGO
$2.04T
$669M 1.35%
5,045,230
-4,309,990
-46% -$534M
IVV icon
16
iShares Core S&P 500 ETF
IVV
$902B
$615M 1.24%
1,169,590
-23,613
-2% -$11.8M
SU icon
17
Suncor Energy
SU
$70.3B
$510M 1.03%
13,797,389
-3,517,779
-20% -$118M
MFC icon
18
Manulife Financial
MFC
$73.5B
$508M 1.02%
20,354,823
-877,327
-4% -$20.2M
CP icon
19
Canadian Pacific Kansas City
CP
$80.5B
$501M 1.01%
5,678,733
-1,813,385
-24% -$152M
SHOP icon
20
Shopify
SHOP
$195B
$498M 1%
6,455,349
-881,870
-12% -$69.7M
BCE icon
21
BCE
BCE
$21.2B
$492M 0.99%
14,481,635
-161,379
-1% -$6.14M
CNI icon
22
Canadian National Railway
CNI
$76.6B
$475M 0.96%
3,606,616
-845,101
-19% -$108M
SLF icon
23
Sun Life Financial
SLF
$45.4B
$418M 0.84%
7,656,225
-385,765
-5% -$20.4M
PBA icon
24
Pembina Pipeline
PBA
$27.6B
$418M 0.84%
11,828,082
-3,009,462
-20% -$104M
GOOG icon
25
Alphabet (Google) Class C
GOOG
$4.32T
$405M 0.82%
2,661,600
-348,977
-12% -$50.4M
1
2 3 4 5

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Bank of Nova Scotia's Q1 2024 Portfolio in Review

As of Q1 2024, Bank of Nova Scotia held 1,076 positions worth $49.6B, down 7% from $53.3B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Bank of Nova Scotia withdrew a net $8.01B in Q1 2024, closing 82 positions and reducing 506 holdings. Its most notable exit was State Street Consumer Discretionary Select Sector SPDR ETF, an estimated $90.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 23% of assets, down from 25% a quarter earlier, followed by Technology and Energy.

Against the trend, Bank of Nova Scotia opened a new position in iShares JPMorgan USD Emerging Markets Bond ETF worth $109M.

  • Bank of Nova Scotia's largest Q1 2024 buy was iShares JPMorgan USD Emerging Markets Bond ETF: 1,218,733 shares worth $109M.
  • Bank of Nova Scotia added most to Toronto Dominion Bank in Q1 2024, an estimated $433M increase.
  • Bank of Nova Scotia's biggest Q1 2024 reduction was Broadcom, cutting an estimated $534M.
  • Bank of Nova Scotia fully exited State Street Consumer Discretionary Select Sector SPDR ETF in Q1 2024, selling an estimated $90.8M.
  • Bank of Nova Scotia's ten largest holdings make up 36% of its $49.6B portfolio in Q1 2024.
  • Bank of Nova Scotia opened 83 new positions and closed 82 in Q1 2024.
  • Bank of Nova Scotia's portfolio value fell 7% quarter-over-quarter to $49.6B.

Based on Bank of Nova Scotia's 13F filing for Q1 2024, filed 15 May 2024.