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Scotiabank

460 hedge funds and large institutions have $35.8B invested in Scotiabank in 2025 Q3 according to their latest regulatory filings, with 67 funds opening new positions, 159 increasing their positions, 154 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

76% more first-time investments, than exits

New positions opened: 67 | Existing positions closed: 38

17% more funds holding in top 10

Funds holding in top 10: 2327 (+4)

7% more capital invested

Capital invested by funds: $33.5B → $35.8B (+$2.3B)

6% more funds holding

Funds holding: 433460 (+27)

3% more repeat investments, than reductions

Existing positions increased: 159 | Existing positions reduced: 154

4.01% less ownership

Funds ownership: 48.59%44.57% (-4%)

56% less call options, than puts

Call options by funds: $930M | Put options by funds: $2.11B

Holders
460
Holders Change
+27
Holders Change %
+6.24%
% of All Funds
6.04%
Holding in Top 10
27
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+17.39%
% of All Funds
0.35%
New
67
Increased
159
Reduced
154
Closed
38
Calls
$930M
Puts
$2.11B
Net Calls
-$1.18B
Net Calls Change
-$360M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$6.45B -$472M -8,013,652 -7%
Vanguard Group
2
Vanguard Group
Pennsylvania
$3.63B +$62.7M +1,063,127 +2%
Bank of Montreal
3
Bank of Montreal
Ontario, Canada
$3.48B -$327M -5,539,352 -9%
CIBC World Market
4
CIBC World Market
Ontario, Canada
$1.7B -$117M -1,982,195 -7%
TD Asset Management
5
TD Asset Management
Ontario, Canada
$1.19B +$13.6M +229,990 +1%
1832 Asset Management
6
1832 Asset Management
Ontario, Canada
$1.16B +$54M +916,362 +5%
Toronto Dominion Bank
7
Toronto Dominion Bank
Ontario, Canada
$1.16B -$168M -2,855,033 -14%
National Bank of Canada
8
National Bank of Canada
Quebec, Canada
$1.11B -$112M -1,899,479 -10%
Mackenzie Financial
9
Mackenzie Financial
Ontario, Canada
$950M -$26.2M -444,443 -3%
SC
10
Scotia Capital
Ontario, Canada
$911M -$8.03M -136,234 -1%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$754M +$80.9M +1,372,065 +14%
Fidelity International
12
Fidelity International
Bermuda
$713M +$593M +10,065,791 +1,046%
CIBC Asset Management
13
CIBC Asset Management
Ontario, Canada
$636M +$177M +3,007,407 +44%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
14
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$573M -$355M -6,022,866 -40%
Canada Pension Plan Investment Board
15
Canada Pension Plan Investment Board
Ontario, Canada
$567M +$66.2M +1,123,289 +15%
Acadian Asset Management
16
Acadian Asset Management
Massachusetts
$553M +$414M +7,016,368 +459%
FDCDDQ
17
Federation des caisses Desjardins du Quebec
Quebec, Canada
$523M +$20.7M +351,606 +5%
Legal & General Group
18
Legal & General Group
United Kingdom
$520M +$24.2M +410,786 +5%
Connor, Clark & Lunn Investment Management (CC&L)
19
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$497M +$104M +1,772,608 +30%
Goldman Sachs
20
Goldman Sachs
New York
$490M -$1.51B -25,662,120 -77%
JP Morgan Chase
21
JP Morgan Chase
New York
$426M -$386M -6,552,642 -50%
Bank of America
22
Bank of America
North Carolina
$375M -$99.8M -1,692,705 -23%
Dimensional Fund Advisors
23
Dimensional Fund Advisors
Texas
$370M +$10.8M +183,789 +3%
Manulife (Manufacturers Life Insurance)
24
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$353M +$131M +2,216,941 +68%
TWC
25
TD Waterhouse Canada
Ontario, Canada
$303M -$4.57M -77,480 -2%

BNS Hedge Fund Activity: Q3 2025 in Review

460 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Scotiabank (BNS) for Q3 2025, worth a combined $35.8B — up 6.9% from $33.5B a quarter earlier.

Buyers outnumbered sellers: 67 funds opened new BNS positions and 38 closed out — a net gain of 29 holders — while 159 added to existing stakes and 154 trimmed.

The largest buyer was Fidelity International, adding an estimated $593M. The largest seller was Goldman Sachs, cutting an estimated $1.51B.

  • 460 institutional investors held Scotiabank (BNS) as of Q3 2025, up from 433 in Q2 2025.
  • Funds reported $35.8B of Scotiabank stock for Q3 2025, up 6.9% quarter-over-quarter.
  • 67 funds opened new Scotiabank positions in Q3 2025 and 38 closed out, a net change of +29 holders.
  • The largest Scotiabank buyer in Q3 2025 was Fidelity International, an estimated $593M added.
  • The largest Scotiabank seller in Q3 2025 was Goldman Sachs, an estimated $1.51B sold.

Based on aggregated 13F filings for Q3 2025.