Bank of Nova Scotia

BNS • NYSE

Bank of Nova Scotia is a banks - diversified company in the financial services sector on NYSE, led by Scott Thomson, with a market cap of $87.1B. As of Q3 2025, 47% of shares are held by 438 institutional investors, with ROYAL BANK OF CANADA as the largest holder at 8.02%.

CEOScott Thomson

Market Cap$87.1B

Banks - Diversified

Financial Services

Employees89.1K

Websitescotiabank.com

Country

United States of America

Overview

Overview of institutional ownership in BNS as of Q3 2025 with a market cap of $80.3B

All Institutions

Institutions: 438
Value Held: $37.4B
Shares Held: 576.9M
Avg Position: $85.3M
Median Position: $1.1M

Hedge Funds

Hedge Funds: 24
Value Held: $277.0M
Shares Held: 4.3M
Avg Position: $11.5M
Median Position: $5.4M

Ownership Breakdown

Institutional (non-HF)

46.16%

$37.1B

Hedge Funds

0.345%

$277.0M

Retail & Other

53.49%

$43.0B

Based on market cap of $80.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in BNS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
R ROYAL BANK OF CANADA Institution	-	$6.4B 1.19% of portfolio	8.02% 99.7M shares	≤ Q2 2013 Held for 12y 5m+	$542.04B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$3.6B 0.05% of portfolio	4.51% 56.1M shares	Q1 2015 Held for 10y 8m	$6.69T
BANK OF MONTREAL /CAN/ Institution	Darryl White CEO	$3.5B 1.48% of portfolio	4.34% 53.9M shares	≤ Q2 2013 Held for 12y 5m+	$235.55B
C CANERECTOR INC Institution	-	$1.7B 3.14% of portfolio	2.17% 27.0M shares	Q4 2024 Held for 11 months	$55.6B
C CIBC World Markets Inc. Institution	-	$1.7B 3.49% of portfolio	2.12% 26.3M shares	≤ Q2 2013 Held for 12y 5m+	$48.7B
T TD ASSET MANAGEMENT INC Institution	-	$1.2B 0.96% of portfolio	1.48% 18.4M shares	≤ Q2 2013 Held for 12y 5m+	$123.47B
G GCIC Ltd. Institution	-	$1.2B 1.97% of portfolio	1.44% 17.9M shares	≤ Q2 2013 Held for 12y 5m+	$58.8B
TORONTO DOMINION BANK Institution	Leo Salom CEO	$1.2B 2.26% of portfolio	1.44% 17.9M shares	Q1 2014 Held for 11y 8m	$51.2B
N NATIONAL BANK OF CANADA /FI/ Institution	-	$1.1B 1.25% of portfolio	1.38% 17.1M shares	Q4 2021 Held for 3y 11m	$88.6B
MACKENZIE FINANCIAL CORP Long Only Manager	Joseph Luke Gregoire Gould CEO	$950.2M 1.15% of portfolio	1.18% 14.7M shares	≤ Q2 2013 Held for 12y 5m+	$82.7B

Net Capital Flow

Institutional buying and selling activity for BNS in Q3 2025

Net Flow: −$872.5M
Buyers: 160
Sellers: 182
Total Bought: +$4.0B
Total Sold: −$4.9B
Avg Position: $89.3M

Biggest Buyers

Institution	Net Bought	Current Position
C CANERECTOR INC Institution	+$1.7B +26.7M shares	$1.7B 27.0M shares
F FIL Ltd Institution	+$650.9M +10.1M shares	$713.1M 11.0M shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	+$453.6M +7.0M shares	$552.4M 8.5M shares
CIBC Global Asset Management Inc Long Only Manager	+$195.1M +3.0M shares	$635.7M 9.8M shares
M MANUFACTURERES LIFE INSURANCE CO Institution	+$143.4M +2.2M shares	$353.4M 5.5M shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	+$114.6M +1.8M shares	$497.2M 7.7M shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$90.3M +1.4M shares	$754.1M 11.5M shares
C CANADA PENSION PLAN INVESTMENT BOARD Institution	+$72.6M +1.1M shares	$566.9M 8.8M shares
VANGUARD GROUP INC Institution	+$68.7M +1.1M shares	$3.6B 56.1M shares
G GCIC Ltd. Institution	+$59.2M +916.4K shares	$1.2B 17.9M shares

Biggest Sellers

Institution	Net Sold	Current Position
GOLDMAN SACHS GROUP INC Institution	−$1.7B −25.7M shares	$489.9M 7.6M shares
R ROYAL BANK OF CANADA Institution	−$518.1M −8.0M shares	$6.4B 99.7M shares
JPMORGAN CHASE & CO Institution	−$423.6M −6.6M shares	$426.4M 6.6M shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	−$389.4M −6.0M shares	$573.0M 8.9M shares
BANK OF MONTREAL /CAN/ Institution	−$358.1M −5.5M shares	$3.5B 53.9M shares
TORONTO DOMINION BANK Institution	−$184.6M −2.9M shares	$1.2B 17.9M shares
B BRITISH COLUMBIA INVESTMENT MANAGEMENT CORP RIA/Wealth	−$139.6M −2.2M shares	$46.2M 715.1K shares
N NICOLA WEALTH MANAGEMENT LTD. RIA/Wealth	−$130.5M −2.0M shares	$33.5M 517.3K shares
C CIBC World Markets Inc. Institution	−$128.1M −2.0M shares	$1.7B 26.3M shares
N NATIONAL BANK OF CANADA /FI/ Institution	−$122.8M −1.9M shares	$1.1B 17.1M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited BNS in Q3 2025

New Positions: 27
New Value: $10.3M
Exited Positions: 37
Exited Value: $77.2M

New Positions

Institution	Position Value
WORLDQUANT MILLENNIUM QUANTITATIVE STRATEGIES LLC Hedge Fund•Multi-Strategy	$3.7M 57.9K shares
1 111 Capital Institution	$1.7M 26.1K shares
CHESAPEAKE CAPITAL CORP /IL/ Long Only Manager	$1.2M 18.8K shares
E Entropy Technologies, LP Hedge Fund•Quant Macro	$490.5K 7.6K shares
C Capula Management Ltd Institution	$482.6K 7.5K shares
Foundations Investment Advisors, LLC RIA/Wealth	$441.0K 6.8K shares
B BENJAMIN EDWARDS INC Institution	$261.8K 4.0K shares
ROCKLAND TRUST CO Private Equity	$257.1K 4.0K shares
Clarkston Capital Partners LLC Long Only Manager	$224.7K 3.5K shares
Global Wealth Management Investment Advisory, Inc. RIA/Wealth	$221.1K 3.4K shares

Exited Positions

Institution	Previous Position
A AXA Institution	$25.9M 467.9K shares
Lighthouse Investment Partners, LLC Fund of Funds	$21.6M 391.3K shares
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$11.4M 205.9K shares
Trexquant Investment LP Hedge Fund•Quant	$6.5M 117.0K shares
C Campbell & CO Investment Adviser LLC Hedge Fund•Quant Macro	$1.6M 28.6K shares
A Arnhold LLC Family Office	$1.6M 28.6K shares
O ONTARIO TEACHERS PENSION PLAN BOARD Institution	$1.2M 22.3K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$955.1K 17.3K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$877.7K 15.9K shares
F Farringdon Capital, Ltd. Institution	$775.7K 14.0K shares

Options Activity

Institutions with the largest Call and Put options positions in BNS as of Q3 2025

Call Positions: 23
Call Value: $840.7M
Put Positions: 18
Put Value: $2.1B

Call Positions

Institution	Position Value
R ROYAL BANK OF CANADA Institution	$267.8M 41.4K contracts
S SIG North Trading, ULC Institution	$124.0M 19.2K contracts
D D. E. Shaw & Co., Inc. Institution	$119.6M 18.5K contracts
TORONTO DOMINION BANK Institution	$84.2M 13.0K contracts
C CIBC World Markets Inc. Institution	$77.9M 12.1K contracts
BANK OF MONTREAL /CAN/ Institution	$38.9M 6.0K contracts
GOLDMAN SACHS GROUP INC Institution	$19.4M 3.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$16.7M 2.6K contracts
PERISCOPE CAPITAL INC. Institution	$16.2M 2.5K contracts
BANK OF AMERICA CORP /DE/ Institution	$16.2M 2.5K contracts

Put Positions

Institution	Position Value
R ROYAL BANK OF CANADA Institution	$1.4B 215.2K contracts
TORONTO DOMINION BANK Institution	$175.0M 27.1K contracts
S SIG North Trading, ULC Institution	$174.9M 27.1K contracts
D D. E. Shaw & Co., Inc. Institution	$145.8M 22.6K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$67.6M 7.5K contracts
C CIBC World Markets Inc. Institution	$62.8M 9.7K contracts
BANK OF MONTREAL /CAN/ Institution	$38.0M 5.9K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$11.8M 1.8K contracts
BANK OF AMERICA CORP /DE/ Institution	$6.5M 1.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.8M 594.0 contracts

Most Committed Institutions

Institutions with BNS as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
S SIG North Trading, ULC Institution	-	17.10% $110.9M	0.14% 1.7M shares	Q1 2024 Held for 1y 8m	$648.8M
P PORTLAND INVESTMENT COUNSEL INC. Institution	-	7.28% $26.5M	0.03% 409.6K shares	Q4 2017 Held for 7y 11m	$363.9M
V Value Partner Investments Inc. Institution	-	5.90% $72.3M	0.09% 1.1M shares	Q4 2019 Held for 5y 11m	$1.2B
L LINCLUDEN MANAGEMENT LTD Institution	-	5.31% $45.2M	0.06% 698.4K shares	≤ Q2 2013 Held for 12y 5m+	$850.9M
Cardinal Capital Management, Inc. RIA/Wealth	Emily Anne Burt Chairman	4.98% $134.9M	0.17% 2.1M shares	Q2 2014 Held for 11y 5m	$2.7B
S Scheer, Rowlett & Associates Investment Management Ltd. Institution	-	4.50% $75.4M	0.09% 1.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.7B
LETKO, BROSSEAU & ASSOCIATES INC Long Only Manager	Thomas Massey Birks Chairman	4.42% $257.4M	0.32% 4.0M shares	≤ Q2 2013 Held for 12y 5m+	$5.8B
S SCOTIA CAPITAL INC. Institution	-	3.84% $910.8M	1.13% 14.1M shares	≤ Q2 2013 Held for 12y 5m+	$23.7B
E Eldred Rock Partners, LLC Long Only Manager	Stefan Friederich Grater Managing Partner	3.72% $14.9M	0.02% 231.0K shares	Q4 2023 Held for 1y 11m	$401.0M
M MUFG SECURITIES , LTD. Institution	-	3.69% $132.9M	0.17% 2.1M shares	Q4 2023 Held for 1y 11m	$3.6B

Hedge Fund Spotlight

Discover hedge funds investing in BNS

ExodusPoint Capital Management, LP

Hedge Fund • Multi-Strategy

Portfolio ManagerMichael Robert Gelband

Portfolio Value: $7.1B
Positions: 1,351
Last Reported: Q3 2025

Sector Allocation

Position in Bank of Nova Scotia

Market Value: $5.9M
Shares Held: 91.8K
Portfolio Weight: 0.08%
Owned Since: 2025-Q3

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