Scotiabank
BNS
373 hedge funds and large institutions have $31.2B invested in Scotiabank in 2019 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 110 increasing their positions, 142 reducing their positions, and 32 closing their positions.
16% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 32
1% more funds holding
Funds holding: 369 → 373 (+4)
3% more capital invested
Capital invested by funds: $30.3B → $31.2B (+$860M)
1.9% less ownership
Funds ownership: 49.12% → 47.23% (-1.9%)
4% less funds holding in top 10
Funds holding in top 10: 47 → 45 (-2)
23% less repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 142
44% less call options, than puts
Call options by funds: $263M | Put options by funds: $469M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$150M |
| 2 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$92.3M |
| 3 |
Legal & General Group
London,
United Kingdom
|
+$67.5M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$60.2M |
| 5 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$54.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$705M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$279M |
| 3 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$149M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$109M |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$84.6M |
BNS Hedge Fund Activity: Q1 2019 in Review
373 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Scotiabank (BNS) for Q1 2019, worth a combined $31.2B — up 2.8% from $30.3B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new BNS positions and 32 closed out — a net gain of 5 holders — while 110 added to existing stakes and 142 trimmed.
The largest buyer was Bank of Montreal, adding an estimated $150M. The largest seller was Canada Life, exiting entirely with an estimated $705M sold.
- 373 institutional investors held Scotiabank (BNS) as of Q1 2019, up from 369 in Q4 2018.
- Funds reported $31.2B of Scotiabank stock for Q1 2019, up 2.8% quarter-over-quarter.
- 37 funds opened new Scotiabank positions in Q1 2019 and 32 closed out, a net change of +5 holders.
- The largest Scotiabank buyer in Q1 2019 was Bank of Montreal, an estimated $150M added.
- The largest Scotiabank seller in Q1 2019 was Canada Life, an estimated $705M sold.
Based on aggregated 13F filings for Q1 2019.