Bank of Nova Scotia Trust Co.

Name: BANK OF NOVA SCOTIA TRUST CO 13F holdings, Q1 2024
Creator: BANK OF NOVA SCOTIA TRUST CO
Published: 2024-05-14

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024

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
MS Morgan Stanley	0.06%	5,700	$537K	Add +3.0%
SCCO Southern Copper Corp.	0.06%	5,000	$533K	Reduce -55.9%
GRP.U Granite Real Estate Investme	0.05%	8,462	$484K	Add +19.0%
KGC Kinross Gold Corp.	0.05%	69,994	$429K	New
BKNG Booking Holdings Inc.	0.04%	111	$403K	Reduce -16.5%
TSM Taiwan Semiconductor-SP ADR	0.04%	2,946	$401K	Reduce -0.1%
CVE Cenovus Energy Inc.	0.04%	19,281	$385K	Reduce -54.4%
CCJ Cameco Corp.	0.04%	8,556	$371K	New
GD General Dynamics Corp.	0.04%	1,311	$370K	No change
WMT Walmart Inc.	0.04%	5,910	$356K	No change
LLY Eli Lilly & Co.	0.04%	450	$350K	No change
CAT Caterpillar Inc.	0.04%	900	$330K	No change
ICE Intercontinental Exchange Inc.	0.03%	2,340	$322K	Add +4.4%
WFG West Fraser Timber Co. Ltd.	0.03%	3,472	$300K	Add +6.9%
MRK Merck & Co. Inc.	0.03%	2,200	$290K	No change
AVGO Broadcom Inc.	0.03%	218	$289K	No change
AEP American Electric Power	0.03%	3,293	$284K	Add +2.8%
CVX Chevron Corp.	0.03%	1,716	$271K	No change
PFE Pfizer Inc.	0.03%	9,713	$270K	Reduce -0.4%
NVO Novo-Nordisk A/S-Spons ADR	0.03%	2,075	$266K	Reduce -39.5%
VZ Verizon Communications Inc.	0.03%	6,343	$266K	Reduce -1.2%
BAM Brookfield Asset Mgmt-A	0.03%	6,202	$261K	Add +4.4%
CL Colgate-Palmolive Co.	0.03%	2,849	$257K	No change
LOW Lowe's Cos Inc.	0.03%	915	$233K	Reduce -4.8%
AME Ametek Inc.	0.02%	1,259	$230K	New
UPS United Parcel Service Class B	0.02%	1,490	$221K	Reduce -32.0%
TFII Tfi International Inc.	0.02%	1,332	$212K	New
MKTX Marketaxess Holdings Inc.	0.02%	968	$212K	Add +35.6%
MRSH Marsh & McLennan Cos	0.02%	1,029	$212K	New
RELX Relx PLC - Spon ADR	0.02%	4,879	$211K	New
CSL Carlisle Cos Inc.	0.02%	538	$211K	New
AQN Algonquin Power & Utilities	0.02%	33,050	$209K	Reduce -9.8%
CVS CVS Health Corp.	0.02%	2,602	$208K	New
CMI Cummins Inc.	0.02%	700	$206K	New
BEPC Brookfield Renewable Cor-A	0.02%	8,296	$204K	New
YUMC Yum China Holdings Inc.	0.02%	5,061	$201K	New
ABBV Abbvie Inc.	0.02%	1,104	$201K	New
VET Vermilion Energy Inc.	0.02%	11,650	$145K	Add +15.8%
BB Blackberry Ltd.	0.00%	16,000	$44K	Reduce -46.7%

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