BANK OF NOVA SCOTIA
Long book
$56.94B
Q1 2026
Positions
997
Top-10 weight
37%
concentration
Last quarter
+15.1%
SPY +14.8%
Turnover
21%
of book per quarter
Strategy in plain words
auto-generated from filingsBANK OF NOVA SCOTIA is a bank/brokerage whose filings mix client and house positions, running a $56.94B US long book across 997 positions.
The portfolio is moderately concentrated (top 10 ≈ 37% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, KEYCORP, APPLE INC, ROYAL BANK OF CANADA, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 1pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.9%
Q2 2024
+7.6%
Q3 2024
+1.1%
Q4 2024
-4.8%
Q1 2025
+14.0%
Q2 2025
+10.8%
Q3 2025
+5.5%
Q4 2025
-3.1%
Q1 2026
+15.1%
Sector allocation
Technology 34%
Financials 26%
Consumer discretionary 7%
Industrials 7%
Healthcare 4%
Energy 4%
Utilities 4%
Services media 3%
Long book by quarter
What does BANK OF own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 23.3M | $4.06B | 7.1% | -1.9% |
| KEY KEYCORP | Financials | 163.0M | $3.27B | 5.7% | +0.6% |
| AAPL APPLE INC | Technology | 11.1M | $2.82B | 5.0% | +23.3% |
| RY ROYAL BANK OF CANADA | Financials | 12.8M | $2.06B | 3.6% | -16.2% |
| MSFT MICROSOFT CORP | Technology | 4.8M | $1.77B | 3.1% | -19.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 8.2M | $1.72B | 3.0% | +48.1% |
| AVGO BROADCOM INC | Technology | 4.5M | $1.38B | 2.4% | -25.5% |
| GOOGL ALPHABET INC-CL A | Technology | 4.6M | $1.31B | 2.3% | -37.0% |
| CM CAN IMPERIAL BK OF COMMERCE | Financials | 12.7M | $1.20B | 2.1% | +0.5% |
| GOOG ALPHABET INC-CL C | Technology | 4.2M | $1.19B | 2.1% | -6.3% |
| TD TORONTO-DOMINION BANK | Financials | 12.5M | $1.17B | 2.1% | -35.8% |
| JPM JPMORGAN CHASE & CO | Financials | 2.9M | $844.5M | 1.5% | +45.5% |
| BMO BANK OF MONTREAL | Financials | 5.0M | $681.5M | 1.2% | -15.6% |
| META META PLATFORMS INC-CLASS A | Technology | 1.1M | $648.2M | 1.1% | -46.5% |
| TSLA TESLA INC | Industrials | 1.7M | $644.6M | 1.1% | -0.5% |
| BN BROOKFIELD CORP | Real estate | 15.3M | $621.4M | 1.1% | +11.4% |
| WMT WALMART INC | Consumer discretionary | 4.3M | $529.2M | 0.9% | +379.6% |
| TRP TC ENERGY CORP | Utilities | 8.4M | $524.7M | 0.9% | +8.3% |
| BCE BCE INC | Communications | 17.3M | $436.3M | 0.8% | +0.9% |
| SLF SUN LIFE FINANCIAL INC | Financials | 6.9M | $430.2M | 0.8% | +14.7% |
| MU MICRON TECHNOLOGY INC | Technology | 1.2M | $418.0M | 0.7% | -64.8% |
| MFC MANULIFE FINANCIAL CORP | Financials | 11.4M | $391.6M | 0.7% | -4.8% |
| SHOP SHOPIFY INC - CLASS A | Technology | 3.2M | $379.1M | 0.7% | +24.2% |
| UNH UNITEDHEALTH GROUP INC | Financials | 1.3M | $338.8M | 0.6% | -15.2% |
| LLY ELI LILLY & CO | Healthcare | 360.1K | $331.2M | 0.6% | +4.6% |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 6.6M | $320.2M | 0.6% | +49.9% |
| SU SUNCOR ENERGY INC | Energy | 4.8M | $315.1M | 0.6% | +20.0% |
| ENB ENBRIDGE INC | Energy | 5.7M | $306.4M | 0.5% | -22.1% |
| AMAT APPLIED MATERIALS INC | Technology | 880.6K | $301.0M | 0.5% | +419.9% |
| AEM AGNICO EAGLE MINES LTD | Materials | 1.5M | $299.5M | 0.5% | +36.0% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 2.0M | $288.9M | 0.5% | -33.6% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 618.1K | $285.0M | 0.5% | +13.9% |
| TU TELUS CORP | Communications | 21.1M | $271.2M | 0.5% | +20.4% |
| AKAM AKAMAI TECHNOLOGIES INC | Services media | 2.3M | $268.8M | 0.5% | +77.3% |
| FTS FORTIS INC | Utilities | 4.6M | $256.0M | 0.4% | +4.2% |
| C CITIGROUP INC | Financials | 2.3M | $255.8M | 0.4% | +39.7% |
| CAT CATERPILLAR INC | Industrials | 341.7K | $242.1M | 0.4% | -15.8% |
| RCI ROGERS COMMUNICATIONS INC-B | Communications | 6.3M | $241.5M | 0.4% | +7.6% |
| HD HOME DEPOT INC | Consumer discretionary | 722.8K | $237.7M | 0.4% | +109.9% |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 16.1M | $231.5M | 0.4% | +855.9% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 1.0M | $226.8M | 0.4% | +103.4% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 216.0K | $215.2M | 0.4% | -43.0% |
| LRCX LAM RESEARCH CORP | Industrials | 939.5K | $200.7M | 0.4% | +9.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 761.8K | $186.2M | 0.3% | -36.3% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 2.2M | $176.4M | 0.3% | +42.4% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 1.1M | $175.5M | 0.3% | -25.3% |
| MRK MERCK & CO. INC. | Healthcare | 1.5M | $175.3M | 0.3% | -25.5% |
| EMA EMERA INC | Utilities | 3.3M | $173.6M | 0.3% | -1.6% |
| CVX CHEVRON CORP | Energy | 834.7K | $172.7M | 0.3% | +26.7% |
| B BARRICK MINING CORP | Materials | 4.1M | $169.4M | 0.3% | -10.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 1391 | $57.22B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 1439 | $67.54B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 1383 | $56.60B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 1334 | $48.86B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR/ARESTATEMENT | Jul 2, 2025 | 1370 | $44.57B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 1370 | $41.97B | SEC ↗ | |
| Q4 2024 | 13F-HR/ARESTATEMENT | Jul 2, 2025 | 1389 | $57.24B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 1389 | $54.45B | SEC ↗ | |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 1340 | $49.63B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 1345 | $51.00B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 1884 | $49.60B | canonical | SEC ↗ |