Bank of Nova Scotia Trust Co.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), Bank of Nova Scotia Trust Co. reported 161 stock positions worth $1.2 billion. Its top holding was Royal Bank of Canada (RY) at 8.5% of the portfolio, followed by Toronto-Dominion Bank (TD, 6.0%) and Bank of Montreal (BMO, 5.8%). Compared with Q4 2025, it opened 8 new positions, sold out of 11, added to 69 and reduced 65. The biggest buy was Canadian Natural Resources (CNQ, shares +10%) and the biggest sale Royal Bank of Canada (RY, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001335382
- Portfolio Value
- $1.2B (Q1 2026)
- SEC Filing
- 0001335382-26-000002 ↗ filed May 13, 2026
Holdings Value
Holdings 161 stocks · $1.2B
| RY Royal Bank of Canada | 8.52% | 613,637 | $99.3M | Reduce -2.4% |
| TD Toronto-Dominion Bank | 5.98% | 746,266 | $69.6M | Reduce -1.8% |
| BMO Bank of Montreal filed as BANK MONTREAL MEDIUM | 5.76% | 496,009 | $67.1M | Reduce -3.0% |
| TRP TC Energy Corp. | 4.72% | 877,577 | $54.9M | Add +0.1% |
| ENB Enbridge Inc. | 4.59% | 986,582 | $53.4M | Reduce -0.8% |
| CNQ Canadian Natural Resources | 4.06% | 970,403 | $47.3M | Add +9.6% |
| MSFT Microsoft Corp. | 2.69% | 84,775 | $31.4M | Add +0.2% |
| CNI Canadian Natl Railway Co. | 2.61% | 296,351 | $30.5M | Add +1.2% |
| TU Telus Corp. | 2.60% | 2,363,948 | $30.3M | Add +0.2% |
| MFC Manulife Financial Corp. | 2.42% | 817,126 | $28.1M | Add +2.3% |
| SU Suncor Energy Inc. | 2.32% | 409,035 | $27.0M | Add +8.9% |
| GOOGL Alphabet Inc. Class A | 2.30% | 93,289 | $26.8M | Reduce -5.0% |
| BN Brookfield Corp. | 2.30% | 661,375 | $26.8M | Add +1.3% |
| QSR Restaurant Brands Intern | 2.08% | 328,439 | $24.3M | Add +0.1% |
| PBA Pembina Pipeline Corp. | 2.04% | 530,819 | $23.8M | Add +10.0% |
| CP Canadian Pacific Kansas City | 2.02% | 299,244 | $23.5M | Reduce -2.5% |
| FTS Fortis Inc. | 1.92% | 399,931 | $22.3M | Add +2.1% |
| SLF Sun Life Financial Inc. | 1.90% | 353,727 | $22.1M | Add +14.0% |
| JNJ Johnson & Johnson | 1.80% | 85,582 | $20.9M | Add +1.8% |
| WCN Waste Connections Inc. | 1.66% | 118,763 | $19.3M | Add +3.1% |
| COST Costco Wholesale Corp. | 1.57% | 18,377 | $18.3M | Reduce -2.3% |
| FNV Franco-Nevada Corp. | 1.55% | 73,033 | $18.0M | Reduce -6.6% |
| AAPL Apple Inc. | 1.54% | 70,814 | $18.0M | Reduce -0.7% |
| JPM JPMorgan Chase & Co. | 1.53% | 60,731 | $17.9M | Reduce -4.4% |
| V Visa Inc. Class A | 1.44% | 55,543 | $16.8M | Add +3.3% |
| NTR Nutrien Ltd. | 1.43% | 220,062 | $16.6M | Reduce -1.2% |
| AMZN Amazon.com Inc. | 1.42% | 79,637 | $16.6M | Reduce -1.0% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C | 1.27% | 213,488 | $14.8M | Add +1.0% |
| TEL Te Connectivity PLC | 1.13% | 62,725 | $13.1M | Reduce -1.3% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 0.96% | 118,272 | $11.2M | Add +11.6% |
| MDT Medtronic PLC | 0.88% | 118,911 | $10.3M | Add +3.4% |
| RCI Rogers Communications Inc. Class B | 0.84% | 255,595 | $9.8M | Add +10.1% |
| GIB Cgi Inc. | 0.80% | 127,030 | $9.3M | Reduce -4.0% |
| DHR Danaher Corp. | 0.78% | 48,161 | $9.1M | Reduce -2.3% |
| CME Cme Group Inc. | 0.70% | 27,681 | $8.2M | Reduce -0.5% |
| LIN Linde PLC | 0.69% | 16,260 | $8.1M | Add +0.3% |
| SHOP Shopify Inc. Class A | 0.61% | 60,328 | $7.2M | Add +4.3% |
| CRM Salesforce Inc. | 0.56% | 34,991 | $6.5M | Add +1.1% |
| RBA RB Global Inc. | 0.54% | 65,549 | $6.3M | Reduce -5.9% |
| MA Mastercard Inc. Class A | 0.53% | 12,287 | $6.1M | Reduce -39.2% |
| TRI Thomson Reuters Corp. | 0.52% | 67,786 | $6.1M | Add +49.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.51% | 37,004 | $5.9M | Add +3.1% |
| GOOG Alphabet Inc. Class C | 0.49% | 19,983 | $5.7M | Reduce -0.0% |
| HON Honeywell International Inc. | 0.49% | 25,282 | $5.7M | Add +3.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.46% | 55,977 | $5.4M | Add +7.0% |
| ABT Abbott Laboratories | 0.46% | 52,306 | $5.4M | Add +13.5% |
| EMR Emerson Electric Co. | 0.45% | 39,685 | $5.2M | Reduce -10.5% |
| AEM Agnico Eagle Mines Ltd. | 0.42% | 23,872 | $4.8M | Add +1.3% |
| PSA Public Storage | 0.39% | 16,669 | $4.5M | New |
| NVDA Nvidia Corp. | 0.37% | 24,631 | $4.3M | Add +24.4% |
| WPM Wheaton Precious Metals Corp. | 0.36% | 32,256 | $4.2M | Add +33.5% |
| CAE Cae Inc. | 0.35% | 158,544 | $4.1M | Add +34.8% |
| HD Home Depot Inc. | 0.32% | 11,423 | $3.8M | Add +13.7% |
| STN Stantec Inc. | 0.32% | 43,051 | $3.7M | Add +7.7% |
| EMA Emera Inc. | 0.31% | 69,153 | $3.6M | Add +2.6% |
| FTV Fortive Corp. | 0.29% | 61,886 | $3.4M | Add +0.0% |
| CMCSA Comcast Corp. Class A | 0.29% | 116,260 | $3.3M | Reduce -17.4% |
| SHEL Shell PLC-ADR | 0.28% | 35,385 | $3.3M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.27% | 4,854 | $3.2M | Reduce -0.2% |
| BIP Brookfield Infrastructure Pa | 0.27% | 86,946 | $3.1M | Add +15.4% |
| BCE Bce Inc. | 0.25% | 116,415 | $2.9M | Reduce -38.4% |
| TECK Teck Resources Ltd.-CLS B | 0.22% | 50,174 | $2.6M | Add +10.2% |
| MKC McCormick & Co.-Non VTG SHRS | 0.21% | 48,330 | $2.4M | Add +1.1% |
| CIGI Colliers Intl GR-Subord Vot | 0.20% | 22,173 | $2.4M | Add +53.6% |
| TMO Thermo Fisher Scientific Inc. | 0.19% | 4,589 | $2.3M | Add +59.2% |
| META Meta Platforms Inc. Class A | 0.19% | 3,839 | $2.2M | Reduce -10.8% |
| UNH Unitedhealth Group Inc. | 0.18% | 7,906 | $2.1M | Reduce -39.9% |
| TFII Tfi International Inc. filed as TRANSFORCE INC | 0.18% | 19,620 | $2.1M | Reduce -3.0% |
| SHW The Sherwin-Williams Co. | 0.18% | 6,486 | $2.1M | Reduce -2.1% |
| WMT Walmart Inc. | 0.17% | 16,058 | $2.0M | Reduce -8.0% |
| MCD McDonald's Corp. | 0.17% | 6,381 | $2.0M | Reduce -0.6% |
| VLO Valero Energy Corp. | 0.17% | 7,928 | $2.0M | Reduce -9.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.16% | 3,792 | $1.8M | Add +2.7% |
| AON Aon PLC Class A | 0.15% | 5,267 | $1.7M | New |
| FSV Firstservice Corp. | 0.14% | 11,894 | $1.7M | Add +25.4% |
| Q Qnity Electronics Inc. | 0.13% | 13,238 | $1.5M | Reduce -33.3% |
| XOM Exxon Mobil Corp. | 0.13% | 8,945 | $1.5M | Reduce -71.3% |
| PGR Progressive Corp. | 0.13% | 7,637 | $1.5M | Add +14.0% |
| RTX RTX Corp. | 0.13% | 7,770 | $1.5M | No change |
| DSGX The Descartes Systems Grp | 0.13% | 20,669 | $1.5M | Reduce -15.8% |
| TXN Texas Instruments Inc. | 0.13% | 7,592 | $1.5M | Add +86.0% |
| BGSI Boyd Group Services Inc. | 0.12% | 11,100 | $1.4M | Reduce -10.4% |
| PLD Prologis Inc. | 0.12% | 10,480 | $1.4M | Reduce -54.4% |
| AVGO Broadcom Inc. | 0.11% | 4,151 | $1.3M | Reduce -7.5% |
| ORCL Oracle Corp. | 0.11% | 8,715 | $1.3M | Reduce -4.8% |
| DOO BRP Inc./Ca- Sub Voting | 0.11% | 17,184 | $1.2M | Reduce -1.9% |
| OTEX Open Text Corp. | 0.10% | 53,502 | $1.2M | Add +6.9% |
| KGC Kinross Gold Corp. | 0.10% | 37,789 | $1.2M | Reduce -38.1% |
| CCJ Cameco Corp. | 0.10% | 10,386 | $1.1M | Reduce -0.2% |
| ACN Accenture PLC Class A | 0.09% | 5,519 | $1.1M | Reduce -38.9% |
| PG The Procter & Gamble Co. | 0.09% | 7,525 | $1.1M | Add +23.7% |
| WM Waste Management Inc. | 0.09% | 4,644 | $1.1M | Reduce -8.9% |
| BIPC Brookfield Infrastructure-A | 0.09% | 26,665 | $1.1M | Add +5.4% |
| WFG West Fraser Timber Co. Ltd. | 0.09% | 15,737 | $1.0M | Add +46.7% |
| ATS Ats Corp. | 0.08% | 34,332 | $968K | Add +12.5% |
| CSCO Cisco Systems Inc. | 0.08% | 12,465 | $967K | Reduce -0.1% |
| UL Unilever PLC-Sponsored ADR | 0.08% | 16,792 | $957K | Add +7.5% |
| PANW Palo Alto Networks Inc. | 0.08% | 5,703 | $914K | Reduce -1.9% |
| SYK Stryker Corp. | 0.08% | 2,773 | $911K | Add +29.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.08% | 2,604 | $880K | Add +41.1% |
Portfolio Sells Q4 2025 → Q1 2026
| RY Royal Bank of Canada | Reduce -2.4% | 8.52% | −0.80 |
| MA Mastercard Inc. Class A | Reduce -39.2% | 0.53% | −0.48 |
| GOOGL Alphabet Inc. Class A | Reduce -5.0% | 2.30% | −0.37 |
| GIB Cgi Inc. | Reduce -4.0% | 0.80% | −0.27 |
| TD Toronto-Dominion Bank | Reduce -1.8% | 5.98% | −0.25 |
| JPM JPMorgan Chase & Co. | Reduce -4.4% | 1.53% | −0.25 |
| DHR Danaher Corp. | Reduce -2.3% | 0.78% | −0.20 |
| XOM Exxon Mobil Corp. | Reduce -71.3% | 0.13% | −0.20 |
| UNH Unitedhealth Group Inc. | Reduce -39.9% | 0.18% | −0.19 |
| AMZN Amazon.com Inc. | Reduce -1.0% | 1.42% | −0.19 |
| AAPL Apple Inc. | Reduce -0.7% | 1.54% | −0.14 |
| BCE Bce Inc. | Reduce -38.4% | 0.25% | −0.14 |
| PLD Prologis Inc. | Reduce -54.4% | 0.12% | −0.14 |
| TEL Te Connectivity PLC | Reduce -1.3% | 1.13% | −0.13 |
| ACN Accenture PLC Class A | Reduce -38.9% | 0.09% | −0.12 |
| RBA RB Global Inc. | Reduce -5.9% | 0.54% | −0.08 |
| CMCSA Comcast Corp. Class A | Reduce -17.4% | 0.29% | −0.08 |
| EMR Emerson Electric Co. | Reduce -10.5% | 0.45% | −0.07 |
| DSGX The Descartes Systems Grp | Reduce -15.8% | 0.13% | −0.06 |
| META Meta Platforms Inc. Class A | Reduce -10.8% | 0.19% | −0.06 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.06 |
| NKE Nike Inc. Class B | Reduce -53.7% | 0.03% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -0.0% | 0.49% | −0.05 |
| KGC Kinross Gold Corp. | Reduce -38.1% | 0.10% | −0.05 |
| BGSI Boyd Group Services Inc. | Reduce -10.4% | 0.12% | −0.05 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.05 |
| ORCL Oracle Corp. | Reduce -4.8% | 0.11% | −0.05 |
| GRTUF Granite Real Estate Investme | Sold out | 0.00% | −0.04 |
| DD Dupont DE Nemours Inc. | Reduce -68.1% | 0.02% | −0.03 |
| AVGO Broadcom Inc. | Reduce -7.5% | 0.11% | −0.02 |
| BLK BlackRock Inc. | Reduce -13.7% | 0.07% | −0.02 |
| CACC Credit Acceptance Corp. | Sold out | 0.00% | −0.02 |
| CCL Carnival Corp. | Sold out | 0.00% | −0.02 |
| CNXC Concentrix Corp. | Sold out | 0.00% | −0.02 |
| BAH Booz Allen Hamilton Holdings | Sold out | 0.00% | −0.02 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.02 |
| URI United Rentals Inc. | Sold out | 0.00% | −0.02 |
| GIL Gildan Activewear Inc. | Reduce -10.0% | 0.07% | −0.02 |
| IYW iShares Ustechnology ETF | Sold out | 0.00% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.2% | 0.27% | −0.02 |
| PANW Palo Alto Networks Inc. | Reduce -1.9% | 0.08% | −0.01 |
| PCG P G & E Corp. | Sold out | 0.00% | −0.01 |
| BMO Bank of Montreal | Reduce -3.0% | 5.76% | −0.01 |
| BAC Bank of America Corp. | Reduce -13.3% | 0.03% | −0.01 |
| ELV Elevance Health Inc. | Reduce -18.8% | 0.02% | −0.01 |
| Q Qnity Electronics Inc. | Reduce -33.3% | 0.13% | −0.01 |
| LLY Eli Lilly & Co. | Reduce -7.6% | 0.03% | −0.01 |
| SHW The Sherwin-Williams Co. | Reduce -2.1% | 0.18% | −0.01 |
| BEPC Brookfield Renewable Corp. | Reduce -23.4% | 0.02% | −0.01 |
| IBKR Interactive Brokers Gro Class A | Reduce -19.0% | 0.03% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| CNQ Canadian Natural Resources | Add +9.6% | 4.06% | +1.45 |
| SU Suncor Energy Inc. | Add +8.9% | 2.32% | +0.87 |
| TRP TC Energy Corp. | Add +0.1% | 4.72% | +0.52 |
| PBA Pembina Pipeline Corp. | Add +10.0% | 2.04% | +0.44 |
| PSA Public Storage | New | 0.39% | +0.39 |
| SHEL Shell PLC-ADR | New | 0.28% | +0.28 |
| JNJ Johnson & Johnson | Add +1.8% | 1.80% | +0.28 |
| SLF Sun Life Financial Inc. | Add +14.0% | 1.90% | +0.22 |
| FTS Fortis Inc. | Add +2.1% | 1.92% | +0.15 |
| AON Aon PLC Class A | New | 0.15% | +0.15 |
| QSR Restaurant Brands Intern | Add +0.1% | 2.08% | +0.14 |
| CM Can Imperial BK of Commerce | Add +11.6% | 0.96% | +0.13 |
| WPM Wheaton Precious Metals Corp. | Add +33.5% | 0.36% | +0.12 |
| CNI Canadian Natl Railway Co. | Add +1.2% | 2.61% | +0.10 |
| LIN Linde PLC | Add +0.3% | 0.69% | +0.09 |
| RCI Rogers Communications Inc. Class B | Add +10.1% | 0.84% | +0.08 |
| HON Honeywell International Inc. | Add +3.8% | 0.49% | +0.08 |
| AEM Agnico Eagle Mines Ltd. | Add +1.3% | 0.42% | +0.07 |
| TXN Texas Instruments Inc. | Add +86.0% | 0.13% | +0.06 |
| CLS Celestica Inc. | New | 0.06% | +0.06 |
| TMO Thermo Fisher Scientific Inc. | Add +59.2% | 0.19% | +0.05 |
| NVDA Nvidia Corp. | Add +24.4% | 0.37% | +0.05 |
| CAE Cae Inc. | Add +34.8% | 0.35% | +0.04 |
| BIP Brookfield Infrastructure Pa | Add +15.4% | 0.27% | +0.04 |
| MRK Merck & Co. Inc. | Add +135.5% | 0.07% | +0.04 |
| LRCX Lam Research Corp. | New | 0.03% | +0.03 |
| TECK Teck Resources Ltd.-CLS B | Add +10.2% | 0.22% | +0.03 |
| INTU Intuit Inc. | Add +343.1% | 0.05% | +0.03 |
| WFG West Fraser Timber Co. Ltd. | Add +46.7% | 0.09% | +0.03 |
| TJX TJX Companies Inc. | Add +3.1% | 0.51% | +0.03 |
| ODFL Old Dominion Freight Line | New | 0.03% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +41.1% | 0.08% | +0.03 |
| HD Home Depot Inc. | Add +13.7% | 0.32% | +0.02 |
| EMA Emera Inc. | Add +2.6% | 0.31% | +0.02 |
| CIGI Colliers Intl GR-Subord Vot | Add +53.6% | 0.20% | +0.02 |
| CPRT Copart Inc. | New | 0.02% | +0.02 |
| ROST Ross Stores Inc. | New | 0.02% | +0.02 |
| PG The Procter & Gamble Co. | Add +23.7% | 0.09% | +0.02 |
| FSV Firstservice Corp. | Add +25.4% | 0.14% | +0.01 |
| KO The Coca-Cola Co. | Add +17.9% | 0.06% | +0.01 |
| SYK Stryker Corp. | Add +29.2% | 0.08% | +0.01 |
| BAM Brookfield Asset Mgmt-A | Add +82.8% | 0.04% | +0.01 |
| UBER Uber Technologies Inc. | Add +44.1% | 0.05% | +0.01 |
| ATS Ats Corp. | Add +12.5% | 0.08% | +0.01 |
| MGA Magna International Inc. | Add +13.9% | 0.06% | +0.01 |
| PFE Pfizer Inc. | Add +32.8% | 0.03% | +0.01 |
| COF Capital One Financial Corp. | Add +97.4% | 0.03% | +0.01 |
| GWRE Guidewire Software Inc. | Add +58.2% | 0.03% | +0.00 |
| CDNS Cadence Design SYS Inc. | Add +36.0% | 0.02% | +0.00 |
| TRI Thomson Reuters Corp. | Add +49.0% | 0.52% | +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 |