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Scotiabank

346 hedge funds and large institutions have $24.1B invested in Scotiabank in 2020 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 113 increasing their positions, 132 reducing their positions, and 57 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more call options, than puts

Call options by funds: $188M | Put options by funds: $110M

0.77% more ownership

Funds ownership: 48.25%49.02% (+0.77%)

9% less funds holding

Funds holding: 379346 (-33)

14% less repeat investments, than reductions

Existing positions increased: 113 | Existing positions reduced: 132

19% less funds holding in top 10

Funds holding in top 10: 4234 (-8)

28% less capital invested

Capital invested by funds: $33.2B → $24.1B (-$9.17B)

49% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 57

Holders
346
Holders Change
-33
Holders Change %
-8.71%
% of All Funds
7.62%
Holding in Top 10
34
Holding in Top 10 Change
-8
Holding in Top 10 Change %
-19.05%
% of All Funds
0.75%
New
29
Increased
113
Reduced
132
Closed
57
Calls
$188M
Puts
$110M
Net Calls
+$77.9M
Net Calls Change
+$111M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$4.66B +$238M +4,710,646 +4%
Bank of Montreal
2
Bank of Montreal
Ontario, Canada
$2.04B -$166M -3,284,693 -6%
Vanguard Group
3
Vanguard Group
Pennsylvania
$1.53B +$113M +2,236,794 +6%
TD Asset Management
4
TD Asset Management
Ontario, Canada
$1.42B +$312M +6,174,868 +21%
CIBC World Market
5
CIBC World Market
Ontario, Canada
$974M +$120M +2,378,463 +11%
Fidelity International
6
Fidelity International
Bermuda
$829M +$943M +18,640,836 +1,117%
Mackenzie Financial
7
Mackenzie Financial
Ontario, Canada
$784M +$34.4M +680,347 +4%
Toronto Dominion Bank
8
Toronto Dominion Bank
Ontario, Canada
$715M -$280M -5,545,723 -24%
Caisse de Depot et Placement du Quebec (CDPQ)
9
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$710M
1832 Asset Management
10
1832 Asset Management
Ontario, Canada
$690M +$68M +1,344,413 +9%
JFL
11
Jarislowsky, Fraser Ltd
Quebec, Canada
$639M -$4.56M -90,097 -0.6%
Norges Bank
12
Norges Bank
Norway
$584M +$27M +534,338 +4%
Canada Life
13
Canada Life
Manitoba, Canada
$539M +$65.3M +1,291,406 +11%
BGC
14
Beutel, Goodman & Co
Ontario, Canada
$494M -$24.6M -486,335 -4%
Manulife (Manufacturers Life Insurance)
15
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$448M +$54.5M +1,076,974 +11%
SC
16
Scotia Capital
Ontario, Canada
$398M +$18.2M +359,350 +4%
LBA
17
Letko, Brosseau & Associates
Quebec, Canada
$284M -$31.8M -629,526 -8%
Nordea Investment Management
18
Nordea Investment Management
Sweden
$274M -$41.8M -827,473 -11%
Connor, Clark & Lunn Investment Management (CC&L)
19
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$260M -$26.3M -519,483 -8%
Legal & General Group
20
Legal & General Group
United Kingdom
$236M -$1.35M -26,654 -0.5%
CIBC Asset Management
21
CIBC Asset Management
Ontario, Canada
$233M -$56.2M -1,110,810 -16%
Invesco
22
Invesco
Georgia
$225M +$15M +297,498 +6%
Capital World Investors
23
Capital World Investors
California
$220M +$83.4M +1,649,252 +44%
Sumitomo Mitsui Trust Group
24
Sumitomo Mitsui Trust Group
Japan
$181M +$2.69M +53,258 +1%
GCC
25
Guardian Capital (Canada)
Ontario, Canada
$176M -$11.4M -225,198 -5%

BNS Hedge Fund Activity: Q1 2020 in Review

346 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Scotiabank (BNS) for Q1 2020, worth a combined $24.1B — down 28% from $33.2B a quarter earlier.

Sellers outnumbered buyers: 57 funds closed out of BNS and 29 opened new positions — a net loss of 28 holders — while 132 trimmed existing stakes and 113 added.

The largest buyer was Fidelity International, adding an estimated $943M. The largest seller was Wellington Management Group, cutting an estimated $550M.

  • 346 institutional investors held Scotiabank (BNS) as of Q1 2020, down from 379 in Q4 2019.
  • Funds reported $24.1B of Scotiabank stock for Q1 2020, down 28% quarter-over-quarter.
  • 29 funds opened new Scotiabank positions in Q1 2020 and 57 closed out, a net change of -28 holders.
  • The largest Scotiabank buyer in Q1 2020 was Fidelity International, an estimated $943M added.
  • The largest Scotiabank seller in Q1 2020 was Wellington Management Group, an estimated $550M sold.

Based on aggregated 13F filings for Q1 2020.