Bank of Nova Scotia Trust Co.

Name: BANK OF NOVA SCOTIA TRUST CO 13F holdings, Q2 2024
Creator: BANK OF NOVA SCOTIA TRUST CO
Published: 2024-08-14

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

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%
EMR Emerson Electric Co.	0.07%	5,318	$586K	Add +3.1%
MS Morgan Stanley	0.05%	4,727	$459K	Reduce -17.1%
BKNG Booking Holdings Inc.	0.05%	111	$440K	No change
CCJ Cameco Corp.	0.05%	8,853	$436K	Add +3.5%
DE Deere & Co.	0.04%	1,075	$402K	Reduce -18.9%
WMT Walmart Inc.	0.04%	5,612	$380K	Reduce -5.0%
GRP.U Granite Real Estate Investme	0.04%	7,262	$360K	Reduce -14.2%
AVGO Broadcom Inc.	0.04%	2,169	$348K	Add +895.0%
ICE Intercontinental Exchange Inc.	0.04%	2,325	$318K	Reduce -0.6%
LLY Eli Lilly & Co.	0.04%	350	$317K	Reduce -22.2%
CVE Cenovus Energy Inc.	0.03%	15,307	$301K	Reduce -20.6%
NVO Novo-Nordisk A/S-Spons ADR	0.03%	2,075	$296K	No change
AEP American Electric Power	0.03%	3,293	$289K	No change
CL Colgate-Palmolive Co.	0.03%	2,849	$276K	No change
PFE Pfizer Inc.	0.03%	9,798	$274K	Add +0.9%
WFG West Fraser Timber Co. Ltd.	0.03%	3,507	$270K	Add +1.0%
CVX Chevron Corp.	0.03%	1,716	$268K	No change
VZ Verizon Communications Inc.	0.03%	6,411	$264K	Add +1.1%
BX Blackstone Inc.	0.03%	2,085	$258K	New
ZTS Zoetis Inc.	0.03%	1,484	$257K	New
BEPC Brookfield Renewable Cor-A	0.03%	8,521	$242K	Add +2.7%
AME Ametek Inc.	0.03%	1,349	$225K	Add +7.2%
UPS United Parcel Service Class B	0.02%	1,600	$219K	Add +7.4%
NFLX Netflix Inc.	0.02%	322	$217K	New
CSL Carlisle Cos Inc.	0.02%	534	$216K	Reduce -0.7%
BAM Brookfield Asset Mgmt-A	0.02%	5,607	$213K	Reduce -9.6%
GIL Gildan Activewear Inc.	0.02%	5,574	$211K	New
MIDD Middleby Corp.	0.02%	1,673	$205K	New
MRSH Marsh & McLennan Cos	0.02%	972	$205K	Reduce -5.5%
LOW Lowe's Cos Inc.	0.02%	908	$200K	Reduce -0.8%
AQN Algonquin Power & Utilities	0.02%	33,050	$194K	No change
VET Vermilion Energy Inc.	0.01%	10,000	$110K	Reduce -14.2%
BB Blackberry Ltd.	0.00%	16,000	$40K	No change

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