Bank of Nova Scotia Trust Co.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Bank of Nova Scotia Trust Co. reported 139 stock positions worth $984.9 million. Its top holding was Royal Bank of Canada (RY) at 8.4% of the portfolio, followed by Toronto-Dominion Bank (TD, 5.3%) and Bank of Montreal (BMO, 4.6%). Compared with Q2 2024, it opened 7 new positions, sold out of 1, added to 77 and reduced 41. The biggest buy was TC Energy (TRP, shares +16%) and the biggest sale an exit from Te Connectivity (TEL).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001335382
Portfolio Value
$984.9M (Q3 2024)
SEC Filing
0001085146-24-005593 ↗ filed Nov 13, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $928.9M Q1 2024 Q2 2024: $895.5M Q2 2024 Q3 2024: $984.9M $984.9M Q3 2024 Q4 2024: $947.3M Q4 2024 Q1 2025: $937.3M Q1 2025 Q2 2025: $1.0B Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.1B Q4 2025 Q1 2026: $1.2B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 139 stocks · $984.9M
RY Royal Bank of Canada 8.42% 665,186 $83.0M Reduce -0.1%
TD Toronto-Dominion Bank 5.30% 825,475 $52.2M Reduce -0.2%
BMO Bank of Montreal filed as BANK MONTREAL QUE 4.56% 498,221 $44.9M Add +6.5%
TRP TC Energy Corp. 4.02% 914,673 $39.6M Add +16.2%
ENB Enbridge Inc. 3.94% 956,132 $38.8M Add +3.7%
MSFT Microsoft Corp. 3.81% 87,172 $37.5M Reduce -1.2%
TU Telus Corp. 3.44% 2,016,295 $33.8M Add +2.7%
BCE Bce Inc. 3.35% 949,317 $33.0M Add +2.1%
CNI Canadian Natl Railway Co. 3.16% 265,745 $31.1M Add +1.5%
CNQ Canadian Natural Resources 2.55% 755,539 $25.1M Add +1.0%
CP Canadian Pacific Kansas City 2.48% 284,983 $24.4M Reduce -0.3%
MFC Manulife Financial Corp. 2.44% 814,826 $24.1M Add +3.4%
BN Brookfield Corp. 2.22% 411,262 $21.9M Add +6.9%
QSR Restaurant Brands Intern 2.04% 278,859 $20.1M Add +3.2%
COST Costco Wholesale Corp. 2.01% 22,322 $19.8M Reduce -2.8%
WCN Waste Connections Inc. 2.00% 110,046 $19.7M Add +1.2%
SU Suncor Energy Inc. 1.93% 515,024 $19.0M Add +0.3%
SLF Sun Life Financial Inc. 1.82% 309,085 $17.9M Add +3.0%
GOOGL Alphabet Inc. Class A 1.75% 104,121 $17.3M Add +4.2%
FTS Fortis Inc. 1.74% 377,350 $17.1M Add +0.4%
AAPL Apple Inc. 1.63% 68,787 $16.0M Reduce -0.7%
V Visa Inc. Class A 1.54% 55,168 $15.2M Reduce -1.8%
JPM JPMorgan Chase & Co. 1.46% 68,135 $14.4M Reduce -2.1%
JNJ Johnson & Johnson 1.46% 88,608 $14.4M Add +4.1%
AMZN Amazon.com Inc. 1.43% 75,566 $14.1M Reduce -0.2%
GIB Cgi Inc. 1.38% 118,444 $13.6M Reduce -1.3%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 1.31% 237,282 $12.9M Reduce -7.3%
TRI Thomson Reuters Corp. 1.24% 71,500 $12.2M Reduce -2.2%
DHR Danaher Corp. 1.18% 41,711 $11.6M Reduce -0.3%
PBA Pembina Pipeline Corp. 1.17% 279,013 $11.5M Add +33.9%
MA Mastercard Inc. Class A 1.11% 22,211 $11.0M Reduce -2.7%
UNH Unitedhealth Group Inc. 1.11% 18,676 $10.9M Add +5.5%
NTR Nutrien Ltd. 1.06% 217,904 $10.5M Add +3.3%
HON Honeywell International Inc. 1.04% 49,534 $10.2M Add +0.8%
MDT Medtronic PLC 1.01% 110,885 $10.0M Add +6.2%
FNV Franco-Nevada Corp. 0.83% 66,132 $8.2M Add +7.0%
CRM Salesforce Inc. 0.81% 29,268 $8.0M Add +3.0%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 0.76% 121,310 $7.4M Add +2.1%
CMCSA Comcast Corp. Class A 0.59% 139,558 $5.8M Add +3.7%
LIN Linde PLC 0.58% 11,923 $5.7M Reduce -4.2%
RBA RB Global Inc. 0.54% 66,224 $5.3M Add +3.2%
DSGX The Descartes Systems Grp 0.54% 51,346 $5.3M Reduce -0.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.53% 44,639 $5.2M Add +6.6%
CME Cme Group Inc. 0.51% 22,802 $5.0M Add +10.1%
STN Stantec Inc. 0.49% 60,564 $4.9M Add +1.5%
SHOP Shopify Inc. Class A 0.49% 59,652 $4.8M Add +15.4%
HD Home Depot Inc. 0.46% 11,177 $4.5M Add +2.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.46% 46,613 $4.5M Reduce -7.8%
NKE Nike Inc. Class B 0.43% 48,410 $4.3M Reduce -2.5%
GOOG Alphabet Inc. Class C 0.38% 22,445 $3.8M Add +7.7%
FTV Fortive Corp. 0.38% 47,373 $3.7M Add +1.5%
MCD McDonald's Corp. 0.35% 11,255 $3.4M Add +11.2%
ACN Accenture PLC Class A 0.35% 9,661 $3.4M Add +6.1%
BEP Brookfield Renewable Partner 0.32% 113,066 $3.2M Add +6.5%
DD Dupont DE Nemours Inc. 0.31% 34,309 $3.1M Reduce -0.8%
MGA Magna International Inc. 0.29% 70,731 $2.9M Add +9.9%
ABT Abbott Laboratories 0.29% 25,307 $2.9M Add +105.9%
XOM Exxon Mobil Corp. 0.27% 23,079 $2.7M Add +18.5%
MKC McCormick & Co.-Non VTG SHRS 0.26% 30,841 $2.5M Add +2.7%
TECK Teck Resources Ltd.-CLS B 0.25% 47,503 $2.5M Add +6.9%
RCI Rogers Communications Inc. Class B 0.24% 59,354 $2.4M Add +2.6%
ORCL Oracle Corp. 0.24% 13,972 $2.4M Add +0.4%
SPY SS SPDR S&P 500 ETF Trust-US 0.22% 3,810 $2.2M Add +0.4%
SHW The Sherwin-Williams Co. 0.20% 5,175 $2.0M Add +0.1%
CIGI Colliers Intl GR-Subord Vot 0.19% 12,361 $1.9M Add +16.2%
AEM Agnico Eagle Mines Ltd. 0.18% 22,481 $1.8M Reduce -8.0%
PLD Prologis Inc. 0.18% 13,777 $1.7M Add +43.6%
BRK.B Berkshire Hathaway Inc. Class B 0.17% 3,645 $1.7M Add +26.2%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.17% 16,771 $1.7M Add +0.3%
META Meta Platforms Inc. Class A 0.17% 2,883 $1.7M Add +1.4%
BIP Brookfield Infrastructure Pa 0.16% 45,585 $1.6M Add +5.1%
TMO Thermo Fisher Scientific Inc. 0.15% 2,428 $1.5M Add +5.8%
CAE Cae Inc. 0.14% 76,038 $1.4M Reduce -20.8%
PEP Pepsico Inc. 0.14% 8,117 $1.4M Add +3.1%
FSV Firstservice Corp. 0.14% 7,446 $1.4M Add +1.9%
UL Unilever PLC 0.14% 20,900 $1.4M Add +4.1%
OTEX Open Text Corp. 0.13% 39,476 $1.3M Add +59.8%
VLO Valero Energy Corp. 0.13% 9,450 $1.3M Add +15.9%
TXN Texas Instruments Inc. 0.13% 6,063 $1.3M Reduce -7.2%
PG The Procter & Gamble Co. 0.13% 7,156 $1.2M Reduce -1.3%
NVDA Nvidia Corp. 0.12% 10,081 $1.2M Add +0.6%
APD Air Products & Chemicals Inc. 0.11% 3,600 $1.1M No change
NEE Nextera Energy Inc. 0.11% 12,629 $1.1M Reduce -0.5%
BIPC Brookfield Infrastructure-A 0.11% 24,280 $1.1M Reduce -22.6%
ECL Ecolab Inc. 0.10% 3,900 $996K No change
SYK Stryker Corp. 0.10% 2,739 $989K Reduce -0.3%
WM Waste Management Inc. 0.10% 4,735 $983K Add +9.3%
RTX RTX Corp. 0.10% 7,990 $968K Add +3.4%
ASML ASML Holding NV-NY Reg SHS 0.10% 1,138 $948K No change
MDLZ Mondelez International Inc. Class A 0.10% 12,777 $941K Reduce -0.5%
ADBE Adobe Inc. 0.09% 1,791 $927K Add +3.0%
DOO BRP Inc./Ca- Sub Voting 0.09% 15,019 $894K Add +1.6%
KO The Coca-Cola Co. 0.09% 11,891 $854K Reduce -1.7%
BLK BlackRock Finance Inc. 0.08% 880 $836K Add +7.6%
KGC Kinross Gold Corp. 0.08% 88,344 $827K No change
WPM Wheaton Precious Metals Corp. 0.08% 12,347 $754K Add +2.6%
VRN Veren Inc. 0.07% 115,756 $712K No change
GIL Gildan Activewear Inc. 0.07% 15,040 $709K Add +169.8%
TSM Taiwan Semiconductor-SP ADR 0.07% 3,882 $674K Add +5.8%
EMR Emerson Electric Co. 0.06% 5,740 $628K Add +7.9%
LH Labcorp Holdings Inc. 0.06% 2,645 $591K Reduce -15.4%
CCJ Cameco Corp. 0.05% 10,711 $512K Add +21.0%
BKNG Booking Holdings Inc. 0.05% 118 $497K Add +6.3%
MS Morgan Stanley 0.05% 4,766 $497K Add +0.8%
LLY Eli Lilly & Co. 0.05% 542 $480K Add +54.9%
WMT Walmart Inc. 0.05% 5,597 $452K Reduce -0.3%
DE Deere & Co. 0.05% 1,075 $449K No change
GRP.U Granite Real Estate Investme 0.04% 7,257 $443K Reduce -0.1%
ICE Intercontinental Exchange Inc. 0.04% 2,155 $346K Reduce -7.3%
AEP American Electric Power 0.03% 3,301 $339K Add +0.2%
WFG West Fraser Timber Co. Ltd. 0.03% 3,444 $335K Reduce -1.8%
AVGO Broadcom Inc. 0.03% 1,925 $332K Reduce -91.1%
PFE Pfizer Inc. 0.03% 11,054 $320K Add +12.8%
BX Blackstone Inc. 0.03% 2,085 $319K No change
TFII Tfi International Inc. 0.03% 2,330 $319K New
ATS Ats Corp. 0.03% 10,883 $316K New
VZ Verizon Communications Inc. 0.03% 6,797 $305K Add +6.0%
CL Colgate-Palmolive Co. 0.03% 2,849 $296K No change
YUMC Yum China Holdings Inc. 0.03% 6,345 $286K New
ZTS Zoetis Inc. 0.03% 1,452 $284K Reduce -2.2%
BEPC Brookfield Renewable Cor-A 0.03% 8,521 $278K No change
CVE Cenovus Energy Inc. 0.03% 16,307 $273K Add +6.5%
BAM Brookfield Asset Mgmt-A 0.03% 5,679 $269K Add +1.3%
DEO Diageo PLC-Sponsored ADR 0.03% 1,796 $252K New
CVX Chevron Corp. 0.03% 1,700 $250K Reduce -0.9%
MKTX Marketaxess Holdings Inc. 0.03% 968 $248K New
NVO Novo-Nordisk A/S-Spons ADR 0.03% 2,075 $247K No change
LOW Lowe's Cos Inc. 0.02% 832 $225K Reduce -8.4%
CSL Carlisle Cos Inc. 0.02% 489 $220K Reduce -8.4%
MRSH Marsh & McLennan Cos 0.02% 980 $219K Add +0.8%
UPS United Parcel Service Class B 0.02% 1,600 $218K No change
MIDD Middleby Corp. 0.02% 1,558 $217K Reduce -6.9%
AME Ametek Inc. 0.02% 1,252 $215K Reduce -7.2%
NFLX Netflix Inc. 0.02% 294 $209K Reduce -8.7%
WAT Waters Corp. 0.02% 578 $208K New
DUK Duke Energy Corp. 0.02% 1,800 $208K New
AQN Algonquin Power & Utilities 0.02% 33,050 $180K No change
VET Vermilion Energy Inc. 0.01% 10,000 $98K No change
BB Blackberry Ltd. 0.00% 16,000 $42K No change

Portfolio Sells Q2 2024 → Q3 2024
TEL Te Connectivity Ltd. Sold out 0.00% −1.12
MSFT Microsoft Corp. Reduce -1.2% 3.81% −0.60
AMZN Amazon.com Inc. Reduce -0.2% 1.43% −0.21
COST Costco Wholesale Corp. Reduce -2.8% 2.01% −0.17
TRI Thomson Reuters Corp. Reduce -2.2% 1.24% −0.14
JPM JPMorgan Chase & Co. Reduce -2.1% 1.46% −0.11
V Visa Inc. Class A Reduce -1.8% 1.54% −0.11
DIS The Walt Disney Co. Reduce -7.8% 0.46% −0.11
CAE Cae Inc. Reduce -20.8% 0.14% −0.05
CP Canadian Pacific Kansas City Reduce -0.3% 2.48% −0.04
LIN Linde PLC Reduce -4.2% 0.58% −0.03
DSGX The Descartes Systems Grp Reduce -0.8% 0.54% −0.02
TXN Texas Instruments Inc. Reduce -7.2% 0.13% −0.01
MA Mastercard Inc. Class A Reduce -2.7% 1.11% −0.01
LH Labcorp Holdings Inc. Reduce -15.4% 0.06% −0.01
BIPC Brookfield Infrastructure-A Reduce -22.6% 0.11% −0.01
PG The Procter & Gamble Co. Reduce -1.3% 0.13% −0.01
AVGO Broadcom Inc. Reduce -91.1% 0.03% −0.01
CVX Chevron Corp. Reduce -0.9% 0.03% −0.00
SYK Stryker Corp. Reduce -0.3% 0.10% −0.00
AME Ametek Inc. Reduce -7.2% 0.02% −0.00
NFLX Netflix Inc. Reduce -8.7% 0.02% −0.00
CSL Carlisle Cos Inc. Reduce -8.4% 0.02% −0.00
AAPL Apple Inc. Reduce -0.7% 1.63% −0.00
MIDD Middleby Corp. Reduce -6.9% 0.02% −0.00
DD Dupont DE Nemours Inc. Reduce -0.8% 0.31% −0.00
ICE Intercontinental Exchange Inc. Reduce -7.3% 0.04% −0.00
ZTS Zoetis Inc. Reduce -2.2% 0.03% +0.00
LOW Lowe's Cos Inc. Reduce -8.4% 0.02% +0.00
KO The Coca-Cola Co. Reduce -1.7% 0.09% +0.00
MDLZ Mondelez International Inc. Class A Reduce -0.5% 0.10% +0.00
WMT Walmart Inc. Reduce -0.3% 0.05% +0.00
WFG West Fraser Timber Co. Ltd. Reduce -1.8% 0.03% +0.00
GRP.U Granite Real Estate Investme Reduce -0.1% 0.04% +0.00
BNS Bank of Nova Scotia Reduce -7.3% 1.31% +0.01
AEM Agnico Eagle Mines Ltd. Reduce -8.0% 0.18% +0.01
NEE Nextera Energy Inc. Reduce -0.5% 0.11% +0.01
DHR Danaher Corp. Reduce -0.3% 1.18% +0.01
NKE Nike Inc. Class B Reduce -2.5% 0.43% +0.02
GIB Cgi Inc. Reduce -1.3% 1.38% +0.05
TD Toronto-Dominion Bank Reduce -0.2% 5.30% +0.23
RY Royal Bank of Canada Reduce -0.1% 8.42% +0.52

Portfolio Buys Q2 2024 → Q3 2024
TRP TC Energy Corp. Add +16.2% 4.02% +0.69
BN Brookfield Corp. Add +6.9% 2.22% +0.43
PBA Pembina Pipeline Corp. Add +33.9% 1.17% +0.31
ENB Enbridge Inc. Add +3.7% 3.94% +0.28
BMO Bank of Montreal Add +6.5% 4.56% +0.18
SLF Sun Life Financial Inc. Add +3.0% 1.82% +0.18
ABT Abbott Laboratories Add +105.9% 0.29% +0.15
CM Can Imperial BK of Commerce Add +2.1% 0.76% +0.12
TU Telus Corp. Add +2.7% 3.44% +0.12
FTS Fortis Inc. Add +0.4% 1.74% +0.11
SHOP Shopify Inc. Class A Add +15.4% 0.49% +0.10
UNH Unitedhealth Group Inc. Add +5.5% 1.11% +0.10
MFC Manulife Financial Corp. Add +3.4% 2.44% +0.10
MDT Medtronic PLC Add +6.2% 1.01% +0.10
JNJ Johnson & Johnson Add +4.1% 1.46% +0.07
MCD McDonald's Corp. Add +11.2% 0.35% +0.06
CIGI Colliers Intl GR-Subord Vot Add +16.2% 0.19% +0.06
PLD Prologis Inc. Add +43.6% 0.18% +0.06
CME Cme Group Inc. Add +10.1% 0.51% +0.06
OTEX Open Text Corp. Add +59.8% 0.13% +0.05
GIL Gildan Activewear Inc. Add +169.8% 0.07% +0.05
HD Home Depot Inc. Add +2.8% 0.46% +0.04
BRK.B Berkshire Hathaway Inc. Class B Add +26.2% 0.17% +0.04
ACN Accenture PLC Class A Add +6.1% 0.35% +0.04
TFII Tfi International Inc. New 0.03% +0.03
ATS Ats Corp. New 0.03% +0.03
BEP Brookfield Renewable Partner Add +6.5% 0.32% +0.03
BIP Brookfield Infrastructure Pa Add +5.1% 0.16% +0.03
YUMC Yum China Holdings Inc. New 0.03% +0.03
SHW The Sherwin-Williams Co. Add +0.1% 0.20% +0.03
DEO Diageo PLC-Sponsored ADR New 0.03% +0.03
MKTX Marketaxess Holdings Inc. New 0.03% +0.03
XOM Exxon Mobil Corp. Add +18.5% 0.27% +0.02
ORCL Oracle Corp. Add +0.4% 0.24% +0.02
DUK Duke Energy Corp. New 0.02% +0.02
WAT Waters Corp. New 0.02% +0.02
MKC McCormick & Co.-Non VTG SHRS Add +2.7% 0.26% +0.02
TJX TJX Companies Inc. Add +6.6% 0.53% +0.02
FNV Franco-Nevada Corp. Add +7.0% 0.83% +0.02
UL Unilever PLC Add +4.1% 0.14% +0.01
TECK Teck Resources Ltd.-CLS B Add +6.9% 0.25% +0.01
FSV Firstservice Corp. Add +1.9% 0.14% +0.01
LLY Eli Lilly & Co. Add +54.9% 0.05% +0.01
BLK BlackRock Finance Inc. Add +7.6% 0.08% +0.01
RTX RTX Corp. Add +3.4% 0.10% +0.01
TMO Thermo Fisher Scientific Inc. Add +5.8% 0.15% +0.01
META Meta Platforms Inc. Class A Add +1.4% 0.17% +0.01
WPM Wheaton Precious Metals Corp. Add +2.6% 0.08% +0.01
RCI Rogers Communications Inc. Class B Add +2.6% 0.24% +0.00
BAM Brookfield Asset Mgmt-A Add +1.3% 0.03% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 173$1.2BRY, TD, BMO, TRP, ENB
Q1 2026 161$1.2BRY, TD, BMO, TRP, ENB
Q4 2025 164$1.1BRY, TD, BMO, TRP, ENB
Q3 2025 130$1.1BRY, BMO, TD, ENB, TRP
Q2 2025 125$1.0BRY, BMO, TD, ENB, MSFT
Q1 2025 129$937.3MRY, BMO, TD, ENB, TRP
Q4 2024 131$947.3MRY, BMO, TD, ENB, TRP
Q3 2024 139$984.9MRY, TD, BMO, TRP, ENB
Q2 2024 133$895.5MRY, TD, MSFT, BMO, ENB
Q1 2024 139$928.9MRY, TD, BMO, MSFT, CNI