Bank of Nova Scotia Trust Co.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Bank of Nova Scotia Trust Co. reported 139 stock positions worth $928.9 million. Its top holding was Royal Bank of Canada (RY) at 7.3% of the portfolio, followed by Toronto-Dominion Bank (TD, 5.9%) and Bank of Montreal (BMO, 4.9%). Compared with Q4 2023, it opened 12 new positions, sold out of 6, added to 56 and reduced 57. The biggest buy was Canadian Natural Resources (CNQ, shares +3%) and the biggest sale Royal Bank of Canada (RY, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001335382
- Portfolio Value
- $928.9M (Q1 2024)
- SEC Filing
- 0001085146-24-002474 ↗ filed May 14, 2024
Holdings Value
Holdings 139 stocks · $928.9M
| RY Royal Bank of Canada | 7.29% | 671,200 | $67.7M | Reduce -0.2% |
| TD Toronto-Dominion Bank | 5.87% | 902,572 | $54.5M | Add +1.7% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 4.91% | 467,380 | $45.7M | Add +0.8% |
| MSFT Microsoft Corp. | 4.22% | 93,147 | $39.2M | Reduce -1.7% |
| CNI Canadian Natl Railway Co. | 3.83% | 270,286 | $35.6M | Reduce -0.2% |
| ENB Enbridge Inc. | 3.58% | 917,918 | $33.2M | Add +1.3% |
| TRP TC Energy Corp. | 3.41% | 788,849 | $31.7M | Add +1.9% |
| BCE Bce Inc. | 3.36% | 919,670 | $31.3M | Add +1.7% |
| TU Telus Corp. | 3.26% | 1,890,075 | $30.3M | Add +2.6% |
| CNQ Canadian Natural Resources | 3.14% | 381,875 | $29.1M | Add +3.2% |
| CP Canadian Pacific Kansas City | 2.71% | 285,924 | $25.2M | Add +1.6% |
| QSR Restaurant Brands Intern | 2.29% | 267,835 | $21.3M | Add +4.6% |
| MFC Manulife Financial Corp. | 2.17% | 807,862 | $20.2M | Reduce -1.9% |
| SU Suncor Energy Inc. | 2.17% | 544,885 | $20.1M | Add +3.2% |
| WCN Waste Connections Inc. | 2.00% | 108,173 | $18.6M | Reduce -0.7% |
| COST Costco Wholesale Corp. | 1.91% | 24,236 | $17.8M | Reduce -5.3% |
| BN Brookfield Corp. | 1.75% | 388,612 | $16.3M | Add +0.7% |
| V Visa Inc. Class A | 1.75% | 58,260 | $16.3M | Reduce -2.1% |
| GOOGL Alphabet Inc. Class A | 1.71% | 105,521 | $15.9M | Reduce -2.7% |
| SLF Sun Life Financial Inc. | 1.66% | 282,316 | $15.4M | Add +7.6% |
| FTS Fortis Inc. | 1.62% | 379,966 | $15.0M | Reduce -0.5% |
| JPM JPMorgan Chase & Co. | 1.58% | 73,483 | $14.7M | Reduce -1.3% |
| AMZN Amazon.com Inc. | 1.56% | 80,504 | $14.5M | Reduce -0.6% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 1.56% | 278,997 | $14.4M | Reduce -1.0% |
| JNJ Johnson & Johnson | 1.47% | 86,599 | $13.7M | Add +2.5% |
| GIB Cgi Inc. | 1.40% | 117,464 | $13.0M | Reduce -1.2% |
| AAPL Apple Inc. | 1.31% | 71,087 | $12.2M | Reduce -5.5% |
| TRI Thomson Reuters Corp. | 1.27% | 75,530 | $11.8M | Reduce -7.6% |
| NTR Nutrien Ltd. | 1.26% | 215,017 | $11.7M | Add +3.5% |
| MA Mastercard Inc. Class A | 1.23% | 23,665 | $11.4M | Reduce -1.6% |
| DHR Danaher Corp. | 1.15% | 42,598 | $10.6M | Add +0.4% |
| HON Honeywell International Inc. | 1.11% | 50,441 | $10.4M | Add +0.3% |
| TEL Te Connectivity Ltd. | 1.08% | 68,926 | $10.0M | Add +0.4% |
| MDT Medtronic PLC | 0.94% | 100,075 | $8.7M | Add +18.6% |
| UNH Unitedhealth Group Inc. | 0.92% | 17,220 | $8.5M | Add +6.7% |
| FNV Franco-Nevada Corp. | 0.81% | 62,933 | $7.5M | Add +0.9% |
| CRM Salesforce Inc. | 0.81% | 24,828 | $7.5M | Add +20.6% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO | 0.70% | 128,184 | $6.5M | Reduce -11.2% |
| CMCSA Comcast Corp. Class A | 0.64% | 137,155 | $5.9M | Reduce -2.1% |
| LIN Linde PLC | 0.64% | 12,801 | $5.9M | Add +0.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.60% | 45,277 | $5.5M | Add +1.6% |
| STN Stantec Inc. | 0.52% | 58,682 | $4.9M | Reduce -1.8% |
| NKE Nike Inc. Class B | 0.52% | 51,369 | $4.8M | Reduce -17.2% |
| DSGX The Descartes Systems Grp | 0.50% | 50,732 | $4.6M | Reduce -1.6% |
| RBA RB Global Inc. | 0.49% | 60,329 | $4.6M | Add +22.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.47% | 43,107 | $4.4M | Add +3.9% |
| PBA Pembina Pipeline Corp. | 0.44% | 116,806 | $4.1M | Reduce -20.0% |
| FTV Fortive Corp. | 0.42% | 45,885 | $3.9M | Reduce -0.3% |
| HD Home Depot Inc. | 0.42% | 10,218 | $3.9M | Add +8.6% |
| MGA Magna International Inc. | 0.42% | 71,847 | $3.9M | Add +7.9% |
| CME Cme Group Inc. | 0.38% | 16,598 | $3.6M | Add +54.1% |
| GOOG Alphabet Inc. Class C | 0.36% | 22,120 | $3.4M | Reduce -1.8% |
| MCD McDonald's Corp. | 0.31% | 10,053 | $2.8M | Add +44.5% |
| SHOP Shopify Inc. Class A | 0.30% | 36,444 | $2.8M | Add +5.1% |
| DD Dupont DE Nemours Inc. | 0.30% | 36,051 | $2.8M | Reduce -1.8% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.29% | 17,190 | $2.6M | Reduce -1.4% |
| BEP Brookfield Renewable Partner | 0.26% | 103,230 | $2.4M | Add +20.3% |
| RCI Rogers Communications Inc. Class B | 0.26% | 58,006 | $2.4M | Reduce -20.5% |
| ACN Accenture PLC Class A | 0.25% | 6,745 | $2.3M | Add +0.2% |
| XOM Exxon Mobil Corp. | 0.25% | 19,901 | $2.3M | Add +894.5% |
| MKC McCormick & Co.-Non VTG SHRS | 0.24% | 28,887 | $2.2M | Add +0.2% |
| TECK Teck Resources Ltd.-CLS B | 0.22% | 44,406 | $2.0M | Add +12.7% |
| CAE Cae Inc. | 0.21% | 96,340 | $2.0M | Add +0.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.21% | 3,795 | $2.0M | No change |
| ORCL Oracle Corp. | 0.19% | 13,950 | $1.8M | Reduce -4.3% |
| NVDA Nvidia Corp. | 0.17% | 1,774 | $1.6M | Reduce -23.2% |
| KO The Coca-Cola Co. | 0.17% | 25,534 | $1.6M | Reduce -2.0% |
| BIP Brookfield Infrastructure Pa | 0.16% | 47,797 | $1.5M | Add +45.8% |
| META Meta Platforms Inc. Class A | 0.16% | 3,043 | $1.5M | Reduce -4.3% |
| PG The Procter & Gamble Co. | 0.16% | 9,037 | $1.5M | Reduce -1.4% |
| AEM Agnico Eagle Mines Ltd. | 0.16% | 24,549 | $1.5M | Add +37.9% |
| TMO Thermo Fisher Scientific Inc. | 0.15% | 2,417 | $1.4M | Reduce -18.8% |
| PEP Pepsico Inc. | 0.15% | 7,864 | $1.4M | Add +19.4% |
| CIGI Colliers Intl GR-Subord Vot | 0.14% | 10,413 | $1.3M | Add +0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.14% | 2,996 | $1.3M | Reduce -10.3% |
| VLO Valero Energy Corp. | 0.13% | 7,150 | $1.2M | Reduce -2.0% |
| ASML ASML Holding NV-NY Reg SHS | 0.13% | 1,240 | $1.2M | Reduce -7.9% |
| TXN Texas Instruments Inc. | 0.13% | 6,742 | $1.2M | Reduce -0.5% |
| FSV Firstservice Corp. | 0.12% | 6,811 | $1.1M | Add +0.8% |
| SYK Stryker Corp. | 0.11% | 2,916 | $1.0M | Reduce -3.8% |
| SHW The Sherwin-Williams Co. | 0.11% | 2,977 | $1.0M | Reduce -9.0% |
| WM Waste Management Inc. | 0.11% | 4,745 | $1.0M | Reduce -2.1% |
| CRESCENT PT ENERGY CORP | 0.10% | 116,156 | $951K | Add +0.3% |
| MDLZ Mondelez International Inc. Class A | 0.10% | 13,378 | $936K | Reduce -1.9% |
| RTX RTX Corp. | 0.10% | 9,400 | $917K | No change |
| ECL Ecolab Inc. | 0.10% | 3,900 | $901K | No change |
| ADBE Adobe Inc. | 0.10% | 1,776 | $896K | Reduce -7.5% |
| DOO BRP Inc./Ca- Sub Voting | 0.09% | 13,108 | $880K | Add +14.6% |
| APD Air Products & Chemicals Inc. | 0.09% | 3,600 | $872K | No change |
| NEE Nextera Energy Inc. | 0.09% | 12,846 | $821K | Reduce -4.7% |
| BIPC Brookfield Infrastructure-A | 0.09% | 22,051 | $795K | Add +7.1% |
| KVUE Kenvue Inc. | 0.08% | 36,400 | $781K | Reduce -4.1% |
| BLK BlackRock Finance Inc. | 0.08% | 903 | $753K | Reduce -2.7% |
| OTEX Open Text Corp. | 0.08% | 18,576 | $721K | Add +60.6% |
| LH Laboratory CRP of Amer Hldgs | 0.08% | 3,222 | $704K | Add +4.7% |
| AMT American Tower Corp. | 0.08% | 3,561 | $704K | Reduce -12.5% |
| WPM Wheaton Precious Metals Corp. | 0.07% | 13,935 | $657K | Add +2.1% |
| UL Unilever PLC | 0.07% | 13,025 | $654K | Add +22.9% |
| EMR Emerson Electric Co. | 0.06% | 5,160 | $585K | No change |
| DE Deere & Co. | 0.06% | 1,325 | $544K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| RY Royal Bank of Canada | Reduce -0.2% | 7.29% | −0.35 |
| AAPL Apple Inc. | Reduce -5.5% | 1.31% | −0.31 |
| NKE Nike Inc. Class B | Reduce -17.2% | 0.52% | −0.24 |
| FTS Fortis Inc. | Reduce -0.5% | 1.62% | −0.15 |
| RCI Rogers Communications Inc. Class B | Reduce -20.5% | 0.26% | −0.13 |
| PBA Pembina Pipeline Corp. | Reduce -20.0% | 0.44% | −0.12 |
| CM Can Imperial BK of Commerce | Reduce -11.2% | 0.70% | −0.08 |
| TRI Thomson Reuters Corp. | Reduce -7.6% | 1.27% | −0.07 |
| B Barrick Gold Corp. | Sold out | 0.00% | −0.07 |
| SCCO Southern Copper Corp. | Reduce -55.9% | 0.06% | −0.05 |
| ERF Enerplus Corp. | Sold out | 0.00% | −0.05 |
| CMCSA Comcast Corp. Class A | Reduce -2.1% | 0.64% | −0.05 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.04 |
| CVE Cenovus Energy Inc. | Reduce -54.4% | 0.04% | −0.04 |
| GIB Cgi Inc. | Reduce -1.2% | 1.40% | −0.03 |
| ADBE Adobe Inc. | Reduce -7.5% | 0.10% | −0.03 |
| TMO Thermo Fisher Scientific Inc. | Reduce -18.8% | 0.15% | −0.03 |
| VLTO Veralto Corp. | Sold out | 0.00% | −0.03 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.02 |
| BLD Topbuild Corp. | Sold out | 0.00% | −0.02 |
| AMT American Tower Corp. | Reduce -12.5% | 0.08% | −0.02 |
| DD Dupont DE Nemours Inc. | Reduce -1.8% | 0.30% | −0.02 |
| UPS United Parcel Service Class B | Reduce -32.0% | 0.02% | −0.01 |
| STN Stantec Inc. | Reduce -1.8% | 0.52% | −0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -39.5% | 0.03% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.9% | 0.10% | −0.01 |
| BKNG Booking Holdings Inc. | Reduce -16.5% | 0.04% | −0.01 |
| KVUE Kenvue Inc. | Reduce -4.1% | 0.08% | −0.01 |
| BB Blackberry Ltd. | Reduce -46.7% | 0.00% | −0.01 |
| KO The Coca-Cola Co. | Reduce -2.0% | 0.17% | −0.00 |
| NEE Nextera Energy Inc. | Reduce -4.7% | 0.09% | −0.00 |
| AQN Algonquin Power & Utilities | Reduce -9.8% | 0.02% | −0.00 |
| BLK BlackRock Finance Inc. | Reduce -2.7% | 0.08% | −0.00 |
| SHW The Sherwin-Williams Co. | Reduce -9.0% | 0.11% | −0.00 |
| TXN Texas Instruments Inc. | Reduce -0.5% | 0.13% | −0.00 |
| PFE Pfizer Inc. | Reduce -0.4% | 0.03% | −0.00 |
| EL Estee Lauder Companies Class A | Reduce -1.4% | 0.29% | −0.00 |
| LOW Lowe's Cos Inc. | Reduce -4.8% | 0.03% | +0.00 |
| VZ Verizon Communications Inc. | Reduce -1.2% | 0.03% | +0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -10.3% | 0.14% | +0.00 |
| GOOG Alphabet Inc. Class C | Reduce -1.8% | 0.36% | +0.01 |
| PG The Procter & Gamble Co. | Reduce -1.4% | 0.16% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -0.1% | 0.04% | +0.01 |
| SYK Stryker Corp. | Reduce -3.8% | 0.11% | +0.01 |
| V Visa Inc. Class A | Reduce -2.1% | 1.75% | +0.01 |
| WM Waste Management Inc. | Reduce -2.1% | 0.11% | +0.01 |
| GOOGL Alphabet Inc. Class A | Reduce -2.7% | 1.71% | +0.01 |
| DSGX The Descartes Systems Grp | Reduce -1.6% | 0.50% | +0.01 |
| CNI Canadian Natl Railway Co. | Reduce -0.2% | 3.83% | +0.01 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -7.9% | 0.13% | +0.02 |
Portfolio Buys Q4 2023 → Q1 2024
| CNQ Canadian Natural Resources | Add +3.2% | 3.14% | +0.42 |
| SU Suncor Energy Inc. | Add +3.2% | 2.17% | +0.27 |
| XOM Exxon Mobil Corp. | Add +894.5% | 0.25% | +0.23 |
| CP Canadian Pacific Kansas City | Add +1.6% | 2.71% | +0.22 |
| CRM Salesforce Inc. | Add +20.6% | 0.81% | +0.20 |
| MDT Medtronic PLC | Add +18.6% | 0.94% | +0.16 |
| DIS The Walt Disney Co. | Add +1.6% | 0.60% | +0.14 |
| SLF Sun Life Financial Inc. | Add +7.6% | 1.66% | +0.13 |
| CME Cme Group Inc. | Add +54.1% | 0.38% | +0.13 |
| RBA RB Global Inc. | Add +22.5% | 0.49% | +0.13 |
| MCD McDonald's Corp. | Add +44.5% | 0.31% | +0.07 |
| HD Home Depot Inc. | Add +8.6% | 0.42% | +0.06 |
| LIN Linde PLC | Add +0.9% | 0.64% | +0.06 |
| AEM Agnico Eagle Mines Ltd. | Add +37.9% | 0.16% | +0.05 |
| KGC Kinross Gold Corp. | New | 0.05% | +0.05 |
| QSR Restaurant Brands Intern | Add +4.6% | 2.29% | +0.05 |
| BIP Brookfield Infrastructure Pa | Add +45.8% | 0.16% | +0.04 |
| DHR Danaher Corp. | Add +0.4% | 1.15% | +0.04 |
| CCJ Cameco Corp. | New | 0.04% | +0.04 |
| TJX TJX Companies Inc. | Add +3.9% | 0.47% | +0.03 |
| TECK Teck Resources Ltd.-CLS B | Add +12.7% | 0.22% | +0.03 |
| FNV Franco-Nevada Corp. | Add +0.9% | 0.81% | +0.03 |
| AME Ametek Inc. | New | 0.02% | +0.02 |
| OTEX Open Text Corp. | Add +60.6% | 0.08% | +0.02 |
| TFII Tfi International Inc. | New | 0.02% | +0.02 |
| MRSH Marsh & McLennan Cos | New | 0.02% | +0.02 |
| CSL Carlisle Cos Inc. | New | 0.02% | +0.02 |
| RELX Relx PLC - Spon ADR | New | 0.02% | +0.02 |
| PEP Pepsico Inc. | Add +19.4% | 0.15% | +0.02 |
| CVS CVS Health Corp. | New | 0.02% | +0.02 |
| CMI Cummins Inc. | New | 0.02% | +0.02 |
| BEPC Brookfield Renewable Cor-A | New | 0.02% | +0.02 |
| YUMC Yum China Holdings Inc. | New | 0.02% | +0.02 |
| ABBV Abbvie Inc. | New | 0.02% | +0.02 |
| MKC McCormick & Co.-Non VTG SHRS | Add +0.2% | 0.24% | +0.02 |
| TRP TC Energy Corp. | Add +1.9% | 3.41% | +0.02 |
| BN Brookfield Corp. | Add +0.7% | 1.75% | +0.01 |
| UL Unilever PLC | Add +22.9% | 0.07% | +0.01 |
| CRESCENT PT ENERGY CORP | Add +0.3% | 0.10% | +0.01 |
| GRP.U Granite Real Estate Investme | Add +19.0% | 0.05% | +0.01 |
| BEP Brookfield Renewable Partner | Add +20.3% | 0.26% | +0.01 |
| BIPC Brookfield Infrastructure-A | Add +7.1% | 0.09% | +0.00 |
| DOO BRP Inc./Ca- Sub Voting | Add +14.6% | 0.09% | +0.00 |
| ICE Intercontinental Exchange Inc. | Add +4.4% | 0.03% | +0.00 |
| VET Vermilion Energy Inc. | Add +15.8% | 0.02% | +0.00 |
| AEP American Electric Power | Add +2.8% | 0.03% | +0.00 |
| BAM Brookfield Asset Mgmt-A | Add +4.4% | 0.03% | +0.00 |
| WFG West Fraser Timber Co. Ltd. | Add +6.9% | 0.03% | +0.00 |
| MS Morgan Stanley | Add +3.0% | 0.06% | −0.00 |
| SHOP Shopify Inc. Class A | Add +5.1% | 0.30% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 173 | $1.2B | RY, TD, BMO, TRP, ENB |
| Q1 2026 | 161 | $1.2B | RY, TD, BMO, TRP, ENB |
| Q4 2025 | 164 | $1.1B | RY, TD, BMO, TRP, ENB |
| Q3 2025 | 130 | $1.1B | RY, BMO, TD, ENB, TRP |
| Q2 2025 | 125 | $1.0B | RY, BMO, TD, ENB, MSFT |
| Q1 2025 | 129 | $937.3M | RY, BMO, TD, ENB, TRP |
| Q4 2024 | 131 | $947.3M | RY, BMO, TD, ENB, TRP |
| Q3 2024 | 139 | $984.9M | RY, TD, BMO, TRP, ENB |
| Q2 2024 | 133 | $895.5M | RY, TD, MSFT, BMO, ENB |
| Q1 2024 | 139 | $928.9M | RY, TD, BMO, MSFT, CNI |