Scotiabank
BNS
390 hedge funds and large institutions have $26.2B invested in Scotiabank in 2023 Q4 according to their latest regulatory filings, with 46 funds opening new positions, 132 increasing their positions, 153 reducing their positions, and 44 closing their positions.
7% more capital invested
Capital invested by funds: $24.4B → $26.2B (+$1.78B)
5% more funds holding in top 10
Funds holding in top 10: 22 → 23 (+1)
5% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 44
0.24% less ownership
Funds ownership: 44.45% → 44.2% (-0.24%)
1% less funds holding
Funds holding: 394 → 390 (-4)
14% less repeat investments, than reductions
Existing positions increased: 132 | Existing positions reduced: 153
15% less call options, than puts
Call options by funds: $514M | Put options by funds: $608M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$200M |
| 2 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$164M |
| 3 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$132M |
| 4 |
M
Murchinson
Toronto,
Ontario, Canada
|
+$112M |
| 5 |
ClearBridge Investments
New York
|
+$105M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$364M |
| 2 |
MSE
MUFG Securities EMEA
London,
United Kingdom
|
-$103M |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$99.6M |
| 4 |
Franklin Resources
San Mateo,
California
|
-$93.9M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
-$92.8M |
BNS Hedge Fund Activity: Q4 2023 in Review
390 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Scotiabank (BNS) for Q4 2023, worth a combined $26.2B — up 7.3% from $24.4B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new BNS positions and 44 closed out — a net gain of 2 holders — while 132 added to existing stakes and 153 trimmed.
The largest buyer was Toronto Dominion Bank, adding an estimated $200M. The largest seller was Bank of Montreal, cutting an estimated $364M.
- 390 institutional investors held Scotiabank (BNS) as of Q4 2023, down from 394 in Q3 2023.
- Funds reported $26.2B of Scotiabank stock for Q4 2023, up 7.3% quarter-over-quarter.
- 46 funds opened new Scotiabank positions in Q4 2023 and 44 closed out, a net change of +2 holders.
- The largest Scotiabank buyer in Q4 2023 was Toronto Dominion Bank, an estimated $200M added.
- The largest Scotiabank seller in Q4 2023 was Bank of Montreal, an estimated $364M sold.
Based on aggregated 13F filings for Q4 2023.