Scotiabank
BNS
420 hedge funds and large institutions have $27.3B invested in Scotiabank in 2025 Q1 according to their latest regulatory filings, with 48 funds opening new positions, 153 increasing their positions, 143 reducing their positions, and 62 closing their positions.
1.78% more ownership
Funds ownership: 44.25% → 46.04% (+1.8%)
7% more repeat investments, than reductions
Existing positions increased: 153 | Existing positions reduced: 143
5% less funds holding
Funds holding: 442 → 420 (-22)
7% less capital invested
Capital invested by funds: $29.3B → $27.3B (-$2.04B)
17% less funds holding in top 10
Funds holding in top 10: 24 → 20 (-4)
18% less call options, than puts
Call options by funds: $787M | Put options by funds: $959M
23% less first-time investments, than exits
New positions opened: 48 | Existing positions closed: 62
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$446M |
| 2 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$395M |
| 3 |
Goldman Sachs
New York
|
+$360M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$246M |
| 5 |
M
Murchinson
Toronto,
Ontario, Canada
|
+$216M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
-$491M |
| 2 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
-$210M |
| 3 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
-$140M |
| 4 |
ZIG
Zurich Insurance Group
Zurich,
Switzerland
|
-$96.5M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
-$93.5M |
BNS Hedge Fund Activity: Q1 2025 in Review
420 of the 7,471 institutional investors tracked by Wall St. Rank reported a position in Scotiabank (BNS) for Q1 2025, worth a combined $27.3B — down 7% from $29.3B a quarter earlier.
Sellers outnumbered buyers: 62 funds closed out of BNS and 48 opened new positions — a net loss of 14 holders — while 143 trimmed existing stakes and 153 added.
The largest buyer was Toronto Dominion Bank, adding an estimated $446M. The largest seller was Jarislowsky, Fraser Ltd, cutting an estimated $491M.
- 420 institutional investors held Scotiabank (BNS) as of Q1 2025, down from 442 in Q4 2024.
- Funds reported $27.3B of Scotiabank stock for Q1 2025, down 7% quarter-over-quarter.
- 48 funds opened new Scotiabank positions in Q1 2025 and 62 closed out, a net change of -14 holders.
- The largest Scotiabank buyer in Q1 2025 was Toronto Dominion Bank, an estimated $446M added.
- The largest Scotiabank seller in Q1 2025 was Jarislowsky, Fraser Ltd, an estimated $491M sold.
Based on aggregated 13F filings for Q1 2025.