Scotiabank
BNS
400 hedge funds and large institutions have $28.9B invested in Scotiabank in 2024 Q1 according to their latest regulatory filings, with 54 funds opening new positions, 170 increasing their positions, 105 reducing their positions, and 41 closing their positions.
62% more repeat investments, than reductions
Existing positions increased: 170 | Existing positions reduced: 105
32% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 41
10% more capital invested
Capital invested by funds: $26.3B → $28.9B (+$2.52B)
3% more funds holding
Funds holding: 389 → 400 (+11)
0.99% more ownership
Funds ownership: 44.44% → 45.43% (+0.99%)
0% more funds holding in top 10
Funds holding in top 10: 23 → 23 (0)
7% less call options, than puts
Call options by funds: $562M | Put options by funds: $605M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
+$194M |
| 2 |
TWC
TD Waterhouse Canada
Toronto,
Ontario, Canada
|
+$151M |
| 3 |
Goldman Sachs
New York
|
+$149M |
| 4 |
MSC
MUFG Securities (Canada)
New York
|
+$144M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$113M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$211M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$162M |
| 3 |
M
Murchinson
Toronto,
Ontario, Canada
|
-$151M |
| 4 |
Morgan Stanley
New York
|
-$129M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$115M |
BNS Hedge Fund Activity: Q1 2024 in Review
400 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Scotiabank (BNS) for Q1 2024, worth a combined $28.9B — up 9.6% from $26.3B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new BNS positions and 41 closed out — a net gain of 13 holders — while 170 added to existing stakes and 105 trimmed.
The largest buyer was Beutel, Goodman & Co, adding an estimated $194M. The largest seller was Toronto Dominion Bank, cutting an estimated $211M.
- 400 institutional investors held Scotiabank (BNS) as of Q1 2024, up from 389 in Q4 2023.
- Funds reported $28.9B of Scotiabank stock for Q1 2024, up 9.6% quarter-over-quarter.
- 54 funds opened new Scotiabank positions in Q1 2024 and 41 closed out, a net change of +13 holders.
- The largest Scotiabank buyer in Q1 2024 was Beutel, Goodman & Co, an estimated $194M added.
- The largest Scotiabank seller in Q1 2024 was Toronto Dominion Bank, an estimated $211M sold.
Based on aggregated 13F filings for Q1 2024.