Bank of Nova Scotia Trust Co.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Bank of Nova Scotia Trust Co. reported 133 stock positions worth $895.5 million. Its top holding was Royal Bank of Canada (RY) at 7.9% of the portfolio, followed by Toronto-Dominion Bank (TD, 5.1%) and Microsoft (MSFT, 4.4%). Compared with Q1 2024, it opened 7 new positions, sold out of 13, added to 46 and reduced 70. The biggest buy was Pembina Pipeline (PBA, shares +78%) and the biggest sale Toronto-Dominion Bank (TD, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001335382
- Portfolio Value
- $895.5M (Q2 2024)
- SEC Filing
- 0001085146-24-003838 ↗ filed Aug 14, 2024
Holdings Value
Holdings 133 stocks · $895.5M
| RY Royal Bank of Canada | 7.91% | 665,745 | $70.8M | Reduce -0.8% |
| TD Toronto-Dominion Bank | 5.08% | 826,928 | $45.4M | Reduce -8.4% |
| MSFT Microsoft Corp. | 4.41% | 88,262 | $39.4M | Reduce -5.2% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 4.38% | 467,930 | $39.2M | Add +0.1% |
| ENB Enbridge Inc. | 3.66% | 921,847 | $32.8M | Add +0.4% |
| CNI Canadian Natl Railway Co. | 3.45% | 261,762 | $30.9M | Reduce -3.1% |
| BCE Bce Inc. | 3.36% | 929,346 | $30.1M | Add +1.1% |
| TRP TC Energy Corp. | 3.33% | 787,205 | $29.8M | Reduce -0.2% |
| TU Telus Corp. | 3.32% | 1,963,817 | $29.7M | Add +3.9% |
| CNQ Canadian Natural Resources | 2.97% | 748,105 | $26.6M | Reduce -2.0% |
| CP Canadian Pacific Kansas City | 2.51% | 285,995 | $22.5M | Add +0.0% |
| MFC Manulife Financial Corp. | 2.34% | 788,290 | $21.0M | Reduce -2.4% |
| SU Suncor Energy Inc. | 2.18% | 513,488 | $19.6M | Reduce -5.8% |
| COST Costco Wholesale Corp. | 2.18% | 22,971 | $19.5M | Reduce -5.2% |
| WCN Waste Connections Inc. | 2.13% | 108,751 | $19.1M | Add +0.5% |
| QSR Restaurant Brands Intern | 2.12% | 270,198 | $19.0M | Add +0.9% |
| GOOGL Alphabet Inc. Class A | 2.03% | 99,963 | $18.2M | Reduce -5.3% |
| BN Brookfield Corp. | 1.78% | 384,816 | $16.0M | Reduce -1.0% |
| V Visa Inc. Class A | 1.65% | 56,148 | $14.7M | Reduce -3.6% |
| SLF Sun Life Financial Inc. | 1.64% | 300,103 | $14.7M | Add +6.3% |
| AMZN Amazon.com Inc. | 1.63% | 75,750 | $14.6M | Reduce -5.9% |
| FTS Fortis Inc. | 1.63% | 375,932 | $14.6M | Reduce -1.1% |
| AAPL Apple Inc. | 1.63% | 69,261 | $14.6M | Reduce -2.6% |
| JPM JPMorgan Chase & Co. | 1.57% | 69,590 | $14.1M | Reduce -5.3% |
| JNJ Johnson & Johnson | 1.39% | 85,129 | $12.4M | Reduce -1.7% |
| TRI Thomson Reuters Corp. | 1.38% | 73,077 | $12.3M | Reduce -3.3% |
| GIB Cgi Inc. | 1.34% | 119,941 | $12.0M | Add +2.1% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 1.31% | 256,087 | $11.7M | Reduce -8.2% |
| NTR Nutrien Ltd. | 1.20% | 211,037 | $10.7M | Reduce -1.9% |
| HON Honeywell International Inc. | 1.17% | 49,146 | $10.5M | Reduce -2.6% |
| DHR Danaher Corp. | 1.17% | 41,822 | $10.4M | Reduce -1.8% |
| MA Mastercard Inc. Class A | 1.12% | 22,833 | $10.1M | Reduce -3.5% |
| TEL Te Connectivity Ltd. | 1.12% | 66,916 | $10.1M | Reduce -2.9% |
| UNH Unitedhealth Group Inc. | 1.01% | 17,708 | $9.0M | Add +2.8% |
| MDT Medtronic PLC | 0.92% | 104,369 | $8.2M | Add +4.3% |
| PBA Pembina Pipeline Corp. | 0.86% | 208,427 | $7.7M | Add +78.4% |
| FNV Franco-Nevada Corp. | 0.82% | 61,823 | $7.3M | Reduce -1.8% |
| CRM Salesforce Inc. | 0.82% | 28,420 | $7.3M | Add +14.5% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO | 0.63% | 118,848 | $5.7M | Reduce -7.3% |
| LIN Linde PLC | 0.61% | 12,442 | $5.5M | Reduce -2.8% |
| CMCSA Comcast Corp. Class A | 0.59% | 134,599 | $5.3M | Reduce -1.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.56% | 50,544 | $5.0M | Add +11.6% |
| DSGX The Descartes Systems Grp | 0.56% | 51,780 | $5.0M | Add +2.1% |
| STN Stantec Inc. | 0.56% | 59,667 | $5.0M | Add +1.7% |
| RBA RB Global Inc. | 0.55% | 64,169 | $4.9M | Add +6.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.51% | 41,874 | $4.6M | Reduce -2.9% |
| CME Cme Group Inc. | 0.45% | 20,704 | $4.1M | Add +24.7% |
| GOOG Alphabet Inc. Class C | 0.43% | 20,850 | $3.8M | Reduce -5.7% |
| NKE Nike Inc. Class B | 0.42% | 49,654 | $3.7M | Reduce -3.3% |
| HD Home Depot Inc. | 0.42% | 10,869 | $3.7M | Add +6.4% |
| FTV Fortive Corp. | 0.39% | 46,680 | $3.5M | Add +1.7% |
| SHOP Shopify Inc. Class A | 0.38% | 51,688 | $3.4M | Add +41.8% |
| DD Dupont DE Nemours Inc. | 0.31% | 34,604 | $2.8M | Reduce -4.0% |
| ACN Accenture PLC Class A | 0.31% | 9,109 | $2.8M | Add +35.0% |
| MGA Magna International Inc. | 0.30% | 64,351 | $2.7M | Reduce -10.4% |
| BEP Brookfield Renewable Partner | 0.29% | 106,125 | $2.6M | Add +2.8% |
| MCD McDonald's Corp. | 0.29% | 10,124 | $2.6M | Add +0.7% |
| XOM Exxon Mobil Corp. | 0.25% | 19,477 | $2.2M | Reduce -2.1% |
| RCI Rogers Communications Inc. Class B | 0.24% | 57,830 | $2.1M | Reduce -0.3% |
| MKC McCormick & Co.-Non VTG SHRS | 0.24% | 30,038 | $2.1M | Add +4.0% |
| TECK Teck Resources Ltd.-CLS B | 0.24% | 44,446 | $2.1M | Add +0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.23% | 3,795 | $2.1M | No change |
| ORCL Oracle Corp. | 0.22% | 13,912 | $2.0M | Reduce -0.3% |
| CAE Cae Inc. | 0.20% | 96,013 | $1.8M | Reduce -0.3% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.20% | 16,726 | $1.8M | Reduce -2.7% |
| AEM Agnico Eagle Mines Ltd. | 0.18% | 24,434 | $1.6M | Reduce -0.5% |
| SHW The Sherwin-Williams Co. | 0.17% | 5,168 | $1.5M | Add +73.6% |
| META Meta Platforms Inc. Class A | 0.16% | 2,842 | $1.4M | Reduce -6.6% |
| PEP Pepsico Inc. | 0.14% | 7,874 | $1.3M | Add +0.1% |
| VLO Valero Energy Corp. | 0.14% | 8,150 | $1.3M | Add +14.0% |
| ABT Abbott Laboratories | 0.14% | 12,293 | $1.3M | New |
| TXN Texas Instruments Inc. | 0.14% | 6,535 | $1.3M | Reduce -3.1% |
| TMO Thermo Fisher Scientific Inc. | 0.14% | 2,295 | $1.3M | Reduce -5.0% |
| NVDA Nvidia Corp. | 0.14% | 10,024 | $1.2M | Reduce -43.5% |
| PG The Procter & Gamble Co. | 0.13% | 7,253 | $1.2M | Reduce -19.7% |
| BIP Brookfield Infrastructure Pa | 0.13% | 43,368 | $1.2M | Reduce -9.3% |
| CIGI Colliers Intl GR-Subord Vot | 0.13% | 10,641 | $1.2M | Add +2.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.13% | 2,889 | $1.2M | Reduce -3.6% |
| ASML ASML Holding NV-NY Reg SHS | 0.13% | 1,138 | $1.2M | Reduce -8.2% |
| FSV Firstservice Corp. | 0.12% | 7,311 | $1.1M | Add +7.3% |
| UL Unilever PLC | 0.12% | 20,075 | $1.1M | Add +54.1% |
| PLD Prologis Inc. | 0.12% | 9,591 | $1.1M | New |
| BIPC Brookfield Infrastructure-A | 0.12% | 31,380 | $1.1M | Add +42.3% |
| ADBE Adobe Inc. | 0.11% | 1,739 | $966K | Reduce -2.1% |
| DOO BRP Inc./Ca- Sub Voting | 0.11% | 14,782 | $946K | Add +12.8% |
| SYK Stryker Corp. | 0.10% | 2,746 | $934K | Reduce -5.8% |
| APD Air Products & Chemicals Inc. | 0.10% | 3,600 | $929K | No change |
| ECL Ecolab Inc. | 0.10% | 3,900 | $928K | No change |
| WM Waste Management Inc. | 0.10% | 4,330 | $924K | Reduce -8.8% |
| VRN Veren Inc. | 0.10% | 115,756 | $911K | Reduce -0.3% |
| NEE Nextera Energy Inc. | 0.10% | 12,689 | $899K | Reduce -1.2% |
| MDLZ Mondelez International Inc. Class A | 0.09% | 12,841 | $840K | Reduce -4.0% |
| RTX RTX Corp. | 0.09% | 7,730 | $776K | Reduce -17.8% |
| KO The Coca-Cola Co. | 0.09% | 12,102 | $770K | Reduce -52.6% |
| OTEX Open Text Corp. | 0.08% | 24,710 | $742K | Add +33.0% |
| KGC Kinross Gold Corp. | 0.08% | 88,344 | $735K | Add +26.2% |
| BLK BlackRock Finance Inc. | 0.07% | 818 | $644K | Reduce -9.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.07% | 3,668 | $638K | Add +24.5% |
| LH Labcorp Holdings Inc. | 0.07% | 3,127 | $636K | Reduce -3.0% |
| WPM Wheaton Precious Metals Corp. | 0.07% | 12,036 | $631K | Reduce -13.6% |
Portfolio Sells Q1 2024 → Q2 2024
| TD Toronto-Dominion Bank | Reduce -8.4% | 5.08% | −0.79 |
| CNI Canadian Natl Railway Co. | Reduce -3.1% | 3.45% | −0.38 |
| BNS Bank of Nova Scotia | Reduce -8.2% | 1.31% | −0.25 |
| CNQ Canadian Natural Resources | Reduce -2.0% | 2.97% | −0.16 |
| MGA Magna International Inc. | Reduce -10.4% | 0.30% | −0.12 |
| V Visa Inc. Class A | Reduce -3.6% | 1.65% | −0.10 |
| MA Mastercard Inc. Class A | Reduce -3.5% | 1.12% | −0.10 |
| NKE Nike Inc. Class B | Reduce -3.3% | 0.42% | −0.10 |
| EL Estee Lauder Companies Class A | Reduce -2.7% | 0.20% | −0.09 |
| JNJ Johnson & Johnson | Reduce -1.7% | 1.39% | −0.09 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.08 |
| TRP TC Energy Corp. | Reduce -0.2% | 3.33% | −0.08 |
| KO The Coca-Cola Co. | Reduce -52.6% | 0.09% | −0.08 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.08 |
| CM Can Imperial BK of Commerce | Reduce -7.3% | 0.63% | −0.07 |
| NTR Nutrien Ltd. | Reduce -1.9% | 1.20% | −0.06 |
| SCCO Southern Copper Corp. | Sold out | 0.00% | −0.06 |
| CMCSA Comcast Corp. Class A | Reduce -1.9% | 0.59% | −0.05 |
| GD General Dynamics Corp. | Sold out | 0.00% | −0.04 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.04 |
| NVDA Nvidia Corp. | Reduce -43.5% | 0.14% | −0.03 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.03 |
| LIN Linde PLC | Reduce -2.8% | 0.61% | −0.03 |
| BIP Brookfield Infrastructure Pa | Reduce -9.3% | 0.13% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -19.7% | 0.13% | −0.02 |
| TFII Tfi International Inc. | Sold out | 0.00% | −0.02 |
| MKTX Marketaxess Holdings Inc. | Sold out | 0.00% | −0.02 |
| RELX Relx PLC - Spon ADR | Sold out | 0.00% | −0.02 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.02 |
| CMI Cummins Inc. | Sold out | 0.00% | −0.02 |
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −0.02 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −0.02 |
| RCI Rogers Communications Inc. Class B | Reduce -0.3% | 0.24% | −0.02 |
| CAE Cae Inc. | Reduce -0.3% | 0.20% | −0.01 |
| DE Deere & Co. | Reduce -18.9% | 0.04% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -5.3% | 1.57% | −0.01 |
| RTX RTX Corp. | Reduce -17.8% | 0.09% | −0.01 |
| GRP.U Granite Real Estate Investme | Reduce -14.2% | 0.04% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -5.0% | 0.14% | −0.01 |
| BLK BlackRock Finance Inc. | Reduce -9.4% | 0.07% | −0.01 |
| SYK Stryker Corp. | Reduce -5.8% | 0.10% | −0.01 |
| CVE Cenovus Energy Inc. | Reduce -20.6% | 0.03% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -4.0% | 0.09% | −0.01 |
| MS Morgan Stanley | Reduce -17.1% | 0.05% | −0.01 |
| WM Waste Management Inc. | Reduce -8.8% | 0.10% | −0.01 |
| LH Labcorp Holdings Inc. | Reduce -3.0% | 0.07% | −0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.6% | 0.13% | −0.00 |
| BAM Brookfield Asset Mgmt-A | Reduce -9.6% | 0.02% | −0.00 |
| VET Vermilion Energy Inc. | Reduce -14.2% | 0.01% | −0.00 |
| LOW Lowe's Cos Inc. | Reduce -0.8% | 0.02% | −0.00 |
Portfolio Buys Q1 2024 → Q2 2024
| PBA Pembina Pipeline Corp. | Add +78.4% | 0.86% | +0.42 |
| ABT Abbott Laboratories | New | 0.14% | +0.14 |
| WCN Waste Connections Inc. | Add +0.5% | 2.13% | +0.13 |
| PLD Prologis Inc. | New | 0.12% | +0.12 |
| UNH Unitedhealth Group Inc. | Add +2.8% | 1.01% | +0.09 |
| ENB Enbridge Inc. | Add +0.4% | 3.66% | +0.09 |
| SHOP Shopify Inc. Class A | Add +41.8% | 0.38% | +0.08 |
| CME Cme Group Inc. | Add +24.7% | 0.45% | +0.07 |
| TU Telus Corp. | Add +3.9% | 3.32% | +0.06 |
| SHW The Sherwin-Williams Co. | Add +73.6% | 0.17% | +0.06 |
| DSGX The Descartes Systems Grp | Add +2.1% | 0.56% | +0.06 |
| ACN Accenture PLC Class A | Add +35.0% | 0.31% | +0.06 |
| UL Unilever PLC | Add +54.1% | 0.12% | +0.05 |
| RBA RB Global Inc. | Add +6.4% | 0.55% | +0.05 |
| KGC Kinross Gold Corp. | Add +26.2% | 0.08% | +0.04 |
| BEP Brookfield Renewable Partner | Add +2.8% | 0.29% | +0.04 |
| BIPC Brookfield Infrastructure-A | Add +42.3% | 0.12% | +0.03 |
| STN Stantec Inc. | Add +1.7% | 0.56% | +0.03 |
| BX Blackstone Inc. | New | 0.03% | +0.03 |
| ZTS Zoetis Inc. | New | 0.03% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +24.5% | 0.07% | +0.03 |
| NFLX Netflix Inc. | New | 0.02% | +0.02 |
| GIL Gildan Activewear Inc. | New | 0.02% | +0.02 |
| MIDD Middleby Corp. | New | 0.02% | +0.02 |
| TECK Teck Resources Ltd.-CLS B | Add +0.1% | 0.24% | +0.02 |
| VLO Valero Energy Corp. | Add +14.0% | 0.14% | +0.01 |
| DOO BRP Inc./Ca- Sub Voting | Add +12.8% | 0.11% | +0.01 |
| CRM Salesforce Inc. | Add +14.5% | 0.82% | +0.01 |
| CCJ Cameco Corp. | Add +3.5% | 0.05% | +0.01 |
| AVGO Broadcom Inc. | Add +895.0% | 0.04% | +0.01 |
| OTEX Open Text Corp. | Add +33.0% | 0.08% | +0.01 |
| BEPC Brookfield Renewable Cor-A | Add +2.7% | 0.03% | +0.01 |
| FSV Firstservice Corp. | Add +7.3% | 0.12% | +0.00 |
| EMR Emerson Electric Co. | Add +3.1% | 0.07% | +0.00 |
| PFE Pfizer Inc. | Add +0.9% | 0.03% | +0.00 |
| VZ Verizon Communications Inc. | Add +1.1% | 0.03% | +0.00 |
| UPS United Parcel Service Class B | Add +7.4% | 0.02% | +0.00 |
| AME Ametek Inc. | Add +7.2% | 0.03% | +0.00 |
| MKC McCormick & Co.-Non VTG SHRS | Add +4.0% | 0.24% | −0.00 |
| WFG West Fraser Timber Co. Ltd. | Add +1.0% | 0.03% | −0.00 |
| PEP Pepsico Inc. | Add +0.1% | 0.14% | −0.00 |
| HD Home Depot Inc. | Add +6.4% | 0.42% | −0.00 |
| CIGI Colliers Intl GR-Subord Vot | Add +2.2% | 0.13% | −0.00 |
| BCE Bce Inc. | Add +1.1% | 3.36% | −0.01 |
| MCD McDonald's Corp. | Add +0.7% | 0.29% | −0.02 |
| SLF Sun Life Financial Inc. | Add +6.3% | 1.64% | −0.02 |
| MDT Medtronic PLC | Add +4.3% | 0.92% | −0.02 |
| DIS The Walt Disney Co. | Add +11.6% | 0.56% | −0.04 |
| FTV Fortive Corp. | Add +1.7% | 0.39% | −0.04 |
| GIB Cgi Inc. | Add +2.1% | 1.34% | −0.06 |
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 |