# BANK OF NOVA SCOTIA

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 9631. Source: https://holderbook.com/funds/9631-bank-of-nova-scotia/

- Reported value: $66.2B
- Positions: 1,025
- Weight of the ten largest: 33.8%
- Filed: 2026-08-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| KEYCORP | [KEY](https://holderbook.com/stocks/KEY/) | $3.6B | 157,762,958 | 5.5% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $3.5B | 17,615,546 | 5.3% | 31 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $2.5B | 12,311,637 | 3.9% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.4B | 6,366,290 | 3.6% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.2B | 7,477,651 | 3.3% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $2.0B | 2,703,092 | 3.1% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.7B | 4,770,539 | 2.6% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.6B | 4,278,021 | 2.4% | 31 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $1.5B | 11,947,977 | 2.2% | 31 |
| CANADIAN IMPERIAL BANK OF CO | [CM](https://holderbook.com/stocks/CM/) | $1.3B | 11,268,708 | 2.0% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.2B | 2,202,780 | 1.9% | 31 |
| WESTERN DIGITAL CORP | - | $986.9M | 58,282,797 | 1.5% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $985.2M | 2,745,323 | 1.5% | 31 |
| BANK MONTREAL MEDIUM | [BMO](https://holderbook.com/stocks/BMO/) | $920.0M | 5,205,604 | 1.4% | 24 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $872.1M | 755,064 | 1.3% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $866.3M | 3,613,300 | 1.3% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $850.4M | 2,596,890 | 1.3% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $800.0M | 1,106,526 | 1.2% | 24 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $791.8M | 1,842,395 | 1.2% | 25 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $707.5M | 16,584,463 | 1.1% | 15 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $692.9M | 1,598,917 | 1.0% | 7 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $620.9M | 831,415 | 0.9% | 31 |
| MANULIFE FINL CORP | [MFC](https://holderbook.com/stocks/MFC/) | $594.8M | 14,667,624 | 0.9% | 31 |
| SUN LIFE FINANCIAL INC. | [SLF](https://holderbook.com/stocks/SLF/) | $544.1M | 6,930,024 | 0.8% | 31 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $500.3M | 783,212 | 0.8% | 31 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $485.5M | 8,953,708 | 0.7% | 31 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $476.5M | 4,058,959 | 0.7% | 15 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $470.3M | 1,130,593 | 0.7% | 31 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $461.7M | 4,031,656 | 0.7% | 31 |
| CANADIAN NAT RES LTD MED TER | [CNQ](https://holderbook.com/stocks/CNQ/) | $387.7M | 9,798,316 | 0.6% | 31 |
| BCE INC | [BCE](https://holderbook.com/stocks/BCE/) | $386.7M | 17,954,428 | 0.6% | 31 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $370.3M | 497,424 | 0.6% | 24 |
| ROUNDHILL ETF TRUST | - | $337.1M | 4,564,460 | 0.5% | 1 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $329.3M | 144,848 | 0.5% | 4 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $314.9M | 1,057,131 | 0.5% | 20 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $313.5M | 294,412 | 0.5% | 31 |
| CREDICORP LTD | [BAP](https://holderbook.com/stocks/BAP/) | $311.3M | 799,051 | 0.5% | 31 |
| TC ENERGY CORP | [TRP](https://holderbook.com/stocks/TRP/) | $298.8M | 4,512,114 | 0.5% | 26 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $291.0M | 1,608,480 | 0.4% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $281.7M | 2,191,725 | 0.4% | 31 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $278.8M | 5,182,715 | 0.4% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $270.0M | 464,664 | 0.4% | 24 |
| AKAMAI TECHNOLOGIES INC | [AKAM](https://holderbook.com/stocks/AKAM/) | $268.6M | 2,253,873 | 0.4% | 31 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $263.5M | 1,874,676 | 0.4% | 31 |
| FORTIS INC | [FTS](https://holderbook.com/stocks/FTS/) | $257.4M | 4,492,744 | 0.4% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $257.0M | 274,678 | 0.4% | 31 |
| TELUS CORPORATION | [TU](https://holderbook.com/stocks/TU/) | $255.2M | 24,128,736 | 0.4% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $243.7M | 1,743,233 | 0.4% | 31 |
| ISHARES TR | [EPU](https://holderbook.com/stocks/EPU/) | $242.3M | 2,901,771 | 0.4% | 6 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $234.8M | 1,511,487 | 0.4% | 24 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $230.0M | 771,538 | 0.3% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $225.2M | 222,183 | 0.3% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $225.1M | 886,454 | 0.3% | 31 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $223.1M | 6,068,046 | 0.3% | 5 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $218.7M | 425,878 | 0.3% | 31 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $214.9M | 2,148,614 | 0.3% | 30 |
| ROGERS COMMUNICATIONS INC | [RCI](https://holderbook.com/stocks/RCI/) | $213.6M | 6,565,934 | 0.3% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $208.1M | 173,376 | 0.3% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $201.6M | 1,489,246 | 0.3% | 31 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $193.2M | 2,229,111 | 0.3% | 13 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $192.6M | 14,419,060 | 0.3% | 3 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $190.4M | 899,747 | 0.3% | 31 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $181.0M | 575,207 | 0.3% | 31 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $176.8M | 2,555,879 | 0.3% | 31 |
| EMERA INC | [EMA](https://holderbook.com/stocks/EMA/) | $175.9M | 3,317,241 | 0.3% | 5 |
| PEMBINA PIPELINE CORP | [PBA](https://holderbook.com/stocks/PBA/) | $174.1M | 3,763,790 | 0.3% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $172.1M | 3,002,094 | 0.3% | 24 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $171.0M | 566,734 | 0.3% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $167.3M | 1,009,132 | 0.3% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $164.7M | 1,123,970 | 0.2% | 31 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $164.7M | 2,105,558 | 0.2% | 1 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $163.7M | 885,934 | 0.2% | 31 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $159.4M | 1,335,451 | 0.2% | 31 |
| CENOVUS ENERGY INC | [CVE](https://holderbook.com/stocks/CVE/) | $156.8M | 6,318,404 | 0.2% | 31 |
| WEBSTER FINL CORP | [WBS](https://holderbook.com/stocks/WBS/) | $154.8M | 2,025,607 | 0.2% | 3 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $148.4M | 3,065,015 | 0.2% | 8 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $143.5M | 473,609 | 0.2% | 1 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $140.3M | 145,874 | 0.2% | 7 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $136.3M | 715,360 | 0.2% | 31 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $133.4M | 335,430 | 0.2% | 31 |
| BROOKFIELD ASSET MANAGMT LTD | [BAM](https://holderbook.com/stocks/BAM/) | $130.7M | 2,911,831 | 0.2% | 15 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $129.9M | 1,274,385 | 0.2% | 31 |
| KENVUE INC | [KVUE](https://holderbook.com/stocks/KVUE/) | $128.0M | 6,697,615 | 0.2% | 12 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $127.4M | 259,342 | 0.2% | 26 |
| WHEATON PRECIOUS METALS CORP | [WPM](https://holderbook.com/stocks/WPM/) | $127.2M | 1,131,059 | 0.2% | 31 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $127.2M | 796,960 | 0.2% | 31 |
| KINROSS GOLD CORP | [KGC](https://holderbook.com/stocks/KGC/) | $125.8M | 5,314,702 | 0.2% | 31 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $125.5M | 1,688,039 | 0.2% | 31 |
| CELESTICA INC | [CLS](https://holderbook.com/stocks/CLS/) | $122.9M | 336,874 | 0.2% | 7 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $122.8M | 191,687 | 0.2% | 8 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $122.4M | 244,562 | 0.2% | 31 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $121.9M | 684,101 | 0.2% | 31 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $119.4M | 1,149,536 | 0.2% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $118.9M | 785,085 | 0.2% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $118.7M | 336,631 | 0.2% | 31 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $113.5M | 666,245 | 0.2% | 7 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $113.3M | 181,706 | 0.2% | 31 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $112.5M | 4,220,452 | 0.2% | 17 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $111.6M | 207,309 | 0.2% | 5 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $109.9M | 293,959 | 0.2% | 20 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +15.0% | +14.8% | +0.2% | 99% |
| Q1 2026 | -3.4% | -4.6% | +1.3% | 99% |
| Q4 2025 | +5.2% | +2.4% | +2.8% | 99% |
| Q3 2025 | +10.4% | +7.8% | +2.5% | 99% |
| Q2 2025 | +13.3% | +10.5% | +2.9% | 99% |
| Q1 2025 | -5.2% | -4.6% | -0.6% | 99% |
| Q4 2024 | +0.5% | +2.1% | -1.7% | 99% |
| Q3 2024 | +6.9% | +5.4% | +1.5% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $66.2B | 1,025 |
| Q1 2026 | $57.2B | 1,007 |
| Q4 2025 | $67.5B | 1,022 |
| Q3 2025 | $56.6B | 964 |
| Q2 2025 | $48.9B | 933 |
| Q1 2025 | $44.6B | 935 |
| Q4 2024 | $57.2B | 955 |
| Q3 2024 | $49.6B | 923 |
| Q2 2024 | $51.0B | 931 |
| Q1 2024 | $49.6B | 958 |
| Q4 2023 | $53.3B | 952 |
| Q3 2023 | $37.9B | 972 |