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Scotiabank

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.

New
Increased
Maintained
Reduced
Closed

41% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 34

2% more funds holding

Funds holding: 385393 (+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: 2422 (-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

Holders
393
Holders Change
+8
Holders Change %
+2.08%
% of All Funds
6.24%
Holding in Top 10
22
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-8.33%
% of All Funds
0.35%
New
48
Increased
120
Reduced
141
Closed
34
Calls
$483M
Puts
$697M
Net Calls
-$215M
Net Calls Change
-$282M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$4.65B -$231M -4,814,466 -5%
Bank of Montreal
2
Bank of Montreal
Ontario, Canada
$3.87B -$156M -3,257,798 -4%
Vanguard Group
3
Vanguard Group
Pennsylvania
$2.08B +$34.8M +725,489 +2%
CIBC World Market
4
CIBC World Market
Ontario, Canada
$1.11B -$69.2M -1,444,448 -6%
Toronto Dominion Bank
5
Toronto Dominion Bank
Ontario, Canada
$897M +$77.3M +1,613,607 +9%
National Bank of Canada
6
National Bank of Canada
Quebec, Canada
$812M -$39.8M -830,638 -4%
TD Asset Management
7
TD Asset Management
Ontario, Canada
$725M -$28.2M -587,517 -4%
1832 Asset Management
8
1832 Asset Management
Ontario, Canada
$711M -$20M -416,436 -3%
Mackenzie Financial
9
Mackenzie Financial
Ontario, Canada
$665M +$60.2M +1,256,868 +9%
SC
10
Scotia Capital
Ontario, Canada
$600M +$8.77M +183,008 +1%
JFL
11
Jarislowsky, Fraser Ltd
Quebec, Canada
$568M -$9.82M -204,877 -2%
Norges Bank
12
Norges Bank
Norway
$530M +$8.52M +177,785 +2%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
13
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$496M +$263M +5,493,942 +99%
Connor, Clark & Lunn Investment Management (CC&L)
14
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$418M -$23.9M -498,541 -5%
CIBC Asset Management
15
CIBC Asset Management
Ontario, Canada
$368M +$15.1M +314,943 +4%
Legal & General Group
16
Legal & General Group
United Kingdom
$322M +$17.3M +360,241 +5%
Bank of America
17
Bank of America
North Carolina
$271M -$7.19M -149,970 -2%
Amundi
18
Amundi
France
$262M +$40.3M +841,766 +21%
Dimensional Fund Advisors
19
Dimensional Fund Advisors
Texas
$259M +$2.74M +57,214 +1%
JP Morgan Chase
20
JP Morgan Chase
New York
$252M +$8.82M +184,149 +3%
FDCDDQ
21
Federation des caisses Desjardins du Quebec
Quebec, Canada
$219M -$8.24M -171,909 -3%
Geode Capital Management
22
Geode Capital Management
Massachusetts
$198M +$7.53M +157,149 +4%
LBA
23
Letko, Brosseau & Associates
Quebec, Canada
$190M +$2.03M +42,386 +1%
AIMCA
24
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$181M +$12.5M +261,551 +7%
Invesco
25
Invesco
Georgia
$177M +$5.08M +106,005 +3%

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.