Scotiabank
BNS
393 hedge funds and large institutions have $24.4B invested in Scotiabank in 2023 Q3 according to their latest regulatory filings, with 48 funds opening new positions, 120 increasing their positions, 141 reducing their positions, and 34 closing their positions.
41% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 34
2% more funds holding
Funds holding: 385 → 393 (+8)
0.52% less ownership
Funds ownership: 44.97% → 44.45% (-0.52%)
8% less funds holding in top 10
Funds holding in top 10: 24 → 22 (-2)
10% less capital invested
Capital invested by funds: $27.1B → $24.4B (-$2.7B)
15% less repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 141
31% less call options, than puts
Call options by funds: $483M | Put options by funds: $697M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$263M |
| 2 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$77.3M |
| 3 |
Two Sigma Investments
New York
|
+$76.9M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$60.2M |
| 5 |
Morgan Stanley
New York
|
+$49.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$231M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$156M |
| 3 |
NWM
Nicola Wealth Management
Vancouver,
British Columbia, Canada
|
-$125M |
| 4 |
MSE
MUFG Securities EMEA
London,
United Kingdom
|
-$112M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$73.6M |
BNS Hedge Fund Activity: Q3 2023 in Review
393 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Scotiabank (BNS) for Q3 2023, worth a combined $24.4B — down 10% from $27.1B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new BNS positions and 34 closed out — a net gain of 14 holders — while 120 added to existing stakes and 141 trimmed.
The largest buyer was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, adding an estimated $263M. The largest seller was Royal Bank of Canada, cutting an estimated $231M.
- 393 institutional investors held Scotiabank (BNS) as of Q3 2023, up from 385 in Q2 2023.
- Funds reported $24.4B of Scotiabank stock for Q3 2023, down 10% quarter-over-quarter.
- 48 funds opened new Scotiabank positions in Q3 2023 and 34 closed out, a net change of +14 holders.
- The largest Scotiabank buyer in Q3 2023 was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, an estimated $263M added.
- The largest Scotiabank seller in Q3 2023 was Royal Bank of Canada, an estimated $231M sold.
Based on aggregated 13F filings for Q3 2023.