Scotia Capital Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Scotia Capital Inc. reported 821 stock positions worth $16.8 billion. Its top holding was Royal Bank of Canada (RY) at 5.3% of the portfolio, followed by Microsoft (MSFT, 4.4%) and Bank of Nova Scotia (BNS, 4.4%). Compared with Q4 2023, it opened 86 new positions, sold out of 56, added to 390 and reduced 302. The biggest buy was Amazon.com (AMZN, shares +6%) and the biggest sale Manulife Financial (MFC, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001335644
- Portfolio Value
- $16.8B (Q1 2024)
- SEC Filing
- 0001085146-24-002476 ↗ filed May 14, 2024
Holdings Value
Holdings 821 stocks · $16.8B
| RY Royal Bank of Canada | 5.28% | 8,804,845 | $887.6M | Add +1.4% |
| MSFT Microsoft Corp. | 4.44% | 1,774,460 | $746.5M | Reduce -0.3% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 4.37% | 14,193,050 | $734.2M | Add +5.8% |
| TD Toronto-Dominion Bank | 4.13% | 11,501,057 | $693.9M | Add +3.6% |
| AAPL Apple Inc. | 3.35% | 3,285,453 | $563.4M | Add +3.0% |
| ENB Enbridge Inc. | 2.96% | 13,793,322 | $498.2M | Add +3.8% |
| AMZN Amazon.com Inc. | 2.61% | 2,427,328 | $437.8M | Add +5.7% |
| V Visa Inc. Class A | 2.27% | 1,367,017 | $381.5M | Add +1.4% |
| TRP TC Energy Corp. | 2.01% | 8,394,886 | $337.3M | Add +5.8% |
| FTS Fortis Inc. | 1.99% | 8,443,308 | $333.6M | Add +7.6% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 1.98% | 3,408,562 | $332.7M | Add +4.0% |
| CNI Canadian Natl Railway Co. | 1.95% | 2,493,750 | $327.6M | Add +2.0% |
| BCE Bce Inc. | 1.84% | 9,094,941 | $309.0M | Add +0.1% |
| TU Telus Corp. | 1.81% | 18,996,180 | $303.9M | Add +7.5% |
| MFC Manulife Financial Corp. | 1.73% | 11,658,771 | $290.5M | Reduce -9.2% |
| GOOGL Alphabet Inc. Class A | 1.71% | 1,907,066 | $287.8M | Add +3.4% |
| BN Brookfield Corp. | 1.65% | 6,637,629 | $276.9M | Add +0.9% |
| COST Costco Wholesale Corp. | 1.63% | 373,935 | $274.0M | Reduce -3.5% |
| JPM JPMorgan Chase & Co. | 1.62% | 1,362,481 | $272.9M | Reduce -1.0% |
| CP Canadian Pacific Kansas City | 1.50% | 2,864,610 | $252.3M | Add +2.8% |
| NVDA Nvidia Corp. | 1.48% | 274,470 | $248.0M | Reduce -2.2% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO | 1.47% | 4,866,568 | $246.7M | Add +11.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.27% | 508,207 | $213.7M | Add +2.7% |
| GOOG Alphabet Inc. Class C | 1.25% | 1,379,659 | $210.1M | Add +0.9% |
| UNH Unitedhealth Group Inc. | 1.25% | 423,667 | $209.6M | Add +8.4% |
| JNJ Johnson & Johnson | 1.15% | 1,223,541 | $193.5M | Add +3.4% |
| BIP Brookfield Infrastructure Pa | 1.13% | 6,139,271 | $190.4M | Add +4.8% |
| CNQ Canadian Natural Resources | 1.11% | 2,437,229 | $185.9M | Add +8.8% |
| PBA Pembina Pipeline Corp. | 1.03% | 4,904,349 | $172.8M | Reduce -1.0% |
| SLF Sun Life Financial Inc. | 0.99% | 3,040,498 | $165.8M | Add +3.0% |
| SU Suncor Energy Inc. | 0.94% | 4,310,029 | $158.8M | Reduce -2.9% |
| META Meta Platforms Inc. Class A | 0.93% | 322,806 | $156.7M | Add +5.2% |
| HD Home Depot Inc. | 0.93% | 405,437 | $155.5M | Add +5.9% |
| PEP Pepsico Inc. | 0.87% | 837,040 | $146.5M | Add +23.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.80% | 1,095,427 | $134.0M | Reduce -4.3% |
| WM Waste Management Inc. | 0.74% | 581,521 | $123.9M | Reduce -4.8% |
| MCD McDonald's Corp. | 0.66% | 392,364 | $110.6M | Add +34.9% |
| RCI Rogers Communications Inc. Class B | 0.65% | 2,679,830 | $109.8M | Add +4.2% |
| QSR Restaurant Brands Intern | 0.61% | 1,296,500 | $102.8M | Add +3.0% |
| MDT Medtronic PLC | 0.52% | 994,667 | $86.7M | Add +27.4% |
| NTR Nutrien Ltd. | 0.51% | 1,591,864 | $86.4M | Add +11.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.50% | 159,531 | $83.4M | Reduce -3.4% |
| HON Honeywell International Inc. | 0.45% | 365,383 | $75.0M | Reduce -0.9% |
| MA Mastercard Inc. Class A | 0.44% | 154,166 | $74.2M | Add +2.4% |
| ACN Accenture PLC Class A | 0.44% | 214,179 | $74.2M | Add +4.5% |
| DHR Danaher Corp. | 0.43% | 291,579 | $72.8M | Add +20.1% |
| ADBE Adobe Inc. | 0.42% | 138,301 | $69.8M | Add +9.4% |
| BLK BlackRock Finance Inc. | 0.40% | 81,073 | $67.6M | Reduce -1.3% |
| PG The Procter & Gamble Co. | 0.39% | 407,649 | $66.1M | Add +4.4% |
| WMT Walmart Inc. | 0.35% | 980,365 | $59.0M | Reduce -2.2% |
| ASML ASML Holding NV-NY Reg SHS | 0.34% | 58,997 | $57.3M | Add +2.1% |
| MGA Magna International Inc. | 0.33% | 1,025,484 | $55.8M | Add +0.8% |
| AVGO Broadcom Inc. | 0.33% | 41,351 | $54.8M | Add +5.8% |
| BEP Brookfield Renewable Partner | 0.32% | 2,293,322 | $53.1M | Add +1.8% |
| CRM Salesforce Inc. | 0.31% | 171,261 | $51.6M | Reduce -10.0% |
| GIB Cgi Inc. | 0.30% | 463,638 | $51.1M | Add +3.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 1,332,846 | $50.5M | Reduce -2.3% |
| SHOP Shopify Inc. Class A | 0.30% | 646,802 | $49.9M | Add +40.4% |
| TFII Tfi International Inc. | 0.29% | 302,869 | $48.2M | Add +1.9% |
| CSCO Cisco Systems Inc. | 0.29% | 962,267 | $48.0M | Reduce -14.0% |
| WCN Waste Connections Inc. | 0.28% | 271,880 | $46.7M | Add +9.1% |
| VOO Vanguard S&P 500 ETF | 0.27% | 95,189 | $45.8M | Reduce -2.1% |
| LLY Eli Lilly & Co. | 0.27% | 58,644 | $45.6M | Add +25.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.26% | 317,896 | $43.2M | Add +6.6% |
| BIPC Brookfield Infrastructure-A | 0.25% | 1,193,334 | $42.8M | Add +3.2% |
| BAM Brookfield Asset Mgmt-A | 0.25% | 1,010,371 | $42.4M | Add +0.6% |
| BEPC Brookfield Renewable Cor-A | 0.24% | 1,643,047 | $40.2M | Add +2.1% |
| DEO Diageo PLC-Sponsored ADR | 0.24% | 268,274 | $39.9M | Add +10.7% |
| PLD Prologis Inc. | 0.23% | 298,976 | $38.9M | Add +1.8% |
| SBUX Starbucks Corp. | 0.23% | 417,296 | $38.1M | Reduce -3.8% |
| CVS CVS Health Corp. | 0.22% | 459,312 | $36.6M | Add +2.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.21% | 81,169 | $36.0M | Reduce -12.7% |
| KO The Coca-Cola Co. | 0.21% | 574,519 | $35.1M | Add +11.3% |
| BOND PIMCO Active Bond Exchange-T | 0.21% | 382,496 | $35.1M | Add +6.1% |
| VCIT Vanguard Int-Term Corporate | 0.21% | 431,930 | $34.8M | Add +16.1% |
| CVE Cenovus Energy Inc. | 0.21% | 1,738,313 | $34.8M | Add +19.9% |
| VZ Verizon Communications Inc. | 0.20% | 820,790 | $34.4M | Reduce -11.9% |
| NKE Nike Inc. Class B | 0.20% | 362,964 | $34.1M | Add +20.8% |
| MRK Merck & Co. Inc. | 0.20% | 256,956 | $33.9M | Add +0.5% |
| IDV iShares International Select | 0.20% | 1,197,751 | $33.6M | Add +1.1% |
| TRI Thomson Reuters Corp. | 0.20% | 211,372 | $32.8M | Add +4.2% |
| AMD Advanced Micro Devices | 0.19% | 181,091 | $32.7M | Add +2.9% |
| BKNG Booking Holdings Inc. | 0.18% | 8,531 | $30.9M | Reduce -17.4% |
| EMR Emerson Electric Co. | 0.18% | 264,530 | $30.0M | Add +12.4% |
| PFE Pfizer Inc. | 0.17% | 1,057,482 | $29.3M | Reduce -16.3% |
| AEM Agnico Eagle Mines Ltd. | 0.17% | 483,960 | $28.7M | Reduce -3.7% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.17% | 222,728 | $28.6M | Add +8.4% |
| ABBV Abbvie Inc. | 0.17% | 156,476 | $28.5M | Add +0.7% |
| AGG iShares Core U.S. Aggregate | 0.17% | 290,688 | $28.5M | Add +4.6% |
| CRESCENT PT ENERGY CORP | 0.17% | 3,484,733 | $28.4M | Add +3.3% |
| AMT American Tower Corp. | 0.17% | 143,231 | $28.3M | Reduce -15.4% |
| CCJ Cameco Corp. | 0.17% | 646,016 | $28.0M | Add +56.8% |
| C Citigroup Inc. | 0.16% | 436,297 | $27.6M | Add +6.1% |
| SDY SS SPDR S&P Dividend ETF | 0.16% | 204,948 | $26.9M | Reduce -0.5% |
| AIG American International Group | 0.16% | 335,985 | $26.3M | Add +1.4% |
| CMCSA Comcast Corp. Class A | 0.16% | 605,444 | $26.2M | Reduce -19.3% |
| SYK Stryker Corp. | 0.15% | 72,304 | $25.9M | Add +31.6% |
| ORCL Oracle Corp. | 0.15% | 201,912 | $25.4M | Add +17.6% |
| IVV iShares Core S&P 500 ETF | 0.15% | 47,731 | $25.1M | Reduce -11.8% |
| XOM Exxon Mobil Corp. | 0.15% | 215,285 | $25.0M | Add +37.0% |
Other holdings (6): bonds, preferreds, convertibles and warrants · $3.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 1,456 | $1.7M | Reduce -1.1% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 769 | $938K | Reduce -6.5% |
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | 10,290 | $156K | New |
| CORZZ Core Scientific Inc. - 29 | *W EXP 01/23/202 | 38,212 | $92K | New |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 35,856 | $47K | New |
| FORTUNA SILVER MINES INC | SDCV 4.650%10/3 · principal | 397 | $394 | New |
Total filed on the 13F, all lines: $16.8B.
Portfolio Sells Q4 2023 → Q1 2024
| MFC Manulife Financial Corp. | Reduce -9.2% | 1.73% | −0.10 |
| CSCO Cisco Systems Inc. | Reduce -14.0% | 0.29% | −0.08 |
| PBA Pembina Pipeline Corp. | Reduce -1.0% | 1.03% | −0.07 |
| AMT American Tower Corp. | Reduce -15.4% | 0.17% | −0.07 |
| PFE Pfizer Inc. | Reduce -16.3% | 0.17% | −0.06 |
| TCN Tricon Residential Inc. | Reduce -85.1% | 0.01% | −0.06 |
| CMCSA Comcast Corp. Class A | Reduce -19.3% | 0.16% | −0.06 |
| DE Deere & Co. | Reduce -28.7% | 0.11% | −0.05 |
| HON Honeywell International Inc. | Reduce -0.9% | 0.45% | −0.05 |
| BKNG Booking Holdings Inc. | Reduce -17.4% | 0.18% | −0.05 |
| BDX Becton Dickinson and Co. | Reduce -36.4% | 0.07% | −0.05 |
| INTC Intel Corp. | Reduce -37.0% | 0.05% | −0.05 |
| SBUX Starbucks Corp. | Reduce -3.8% | 0.23% | −0.04 |
| TAC Transalta Corp. | Reduce -16.3% | 0.06% | −0.04 |
| AQN Algonquin Power & Utilities | Reduce -19.6% | 0.10% | −0.03 |
| IXC iShares Global Energy ETF | Reduce -88.6% | 0.00% | −0.03 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -12.7% | 0.21% | −0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -29.7% | 0.08% | −0.03 |
| GIL Gildan Activewear Inc. | Reduce -74.9% | 0.01% | −0.03 |
| FLTR Vaneck Ig Floating Rate ETF | Sold out | 0.00% | −0.03 |
| BLK BlackRock Finance Inc. | Reduce -1.3% | 0.40% | −0.03 |
| BA The Boeing Co. | Reduce -24.1% | 0.03% | −0.03 |
| B Barrick Gold Corp. | Reduce -9.9% | 0.08% | −0.03 |
| ERF Enerplus Corp. | Reduce -66.8% | 0.02% | −0.02 |
| TLT iShares 20+ Year Treasury BD | Reduce -31.3% | 0.04% | −0.02 |
| ZTS Zoetis Inc. | Reduce -2.3% | 0.08% | −0.02 |
| SSNC Ss&c Technologies Holdings | Sold out | 0.00% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -11.9% | 0.20% | −0.02 |
| GILD Gilead Sciences Inc. | Reduce -2.8% | 0.08% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -3.5% | 1.63% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -11.8% | 0.15% | −0.02 |
| UPS United Parcel Service Class B | Reduce -1.3% | 0.10% | −0.02 |
| TJX TJX Companies Inc. | Reduce -10.9% | 0.13% | −0.02 |
| IVZ Invesco Ltd. | Sold out | 0.00% | −0.02 |
| CRM Salesforce Inc. | Reduce -10.0% | 0.31% | −0.02 |
| ROK Rockwell Automation Inc. | Reduce -14.4% | 0.04% | −0.02 |
| SSRM SSR Mining Inc. | Reduce -92.0% | 0.00% | −0.01 |
| TBIL F/M US Treasury 3 Month Bill | Reduce -27.9% | 0.03% | −0.01 |
| FLOT iShares Floating Rate Bond E | Reduce -14.6% | 0.05% | −0.01 |
| ALB Albemarle Corp. | Reduce -16.7% | 0.03% | −0.01 |
| CNC Centene Corp. | Reduce -32.3% | 0.02% | −0.01 |
| PYPL PayPal Holdings Inc. | Reduce -16.8% | 0.06% | −0.01 |
| BX Blackstone Inc. | Reduce -4.1% | 0.09% | −0.01 |
| AGL Agilon Health Inc. | Sold out | 0.00% | −0.01 |
| HUM Humana Inc. | Reduce -70.5% | 0.00% | −0.01 |
| LYV Live Nation Entertainment Inc. | Reduce -80.1% | 0.00% | −0.01 |
| KRE SS SPDR S&P Regional Bank | Reduce -85.7% | 0.00% | −0.01 |
| EA Electronic Arts Inc. | Reduce -62.2% | 0.01% | −0.01 |
| IT Gartner Inc. | Reduce -18.4% | 0.04% | −0.01 |
| RGA Reinsurance Group of America | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| AMZN Amazon.com Inc. | Add +5.7% | 2.61% | +0.35 |
| META Meta Platforms Inc. Class A | Add +5.2% | 0.93% | +0.23 |
| CNQ Canadian Natural Resources | Add +8.8% | 1.11% | +0.16 |
| BNS Bank of Nova Scotia | Add +5.8% | 4.37% | +0.16 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.7% | 1.27% | +0.13 |
| PEP Pepsico Inc. | Add +23.3% | 0.87% | +0.13 |
| CM Can Imperial BK of Commerce | Add +11.0% | 1.47% | +0.11 |
| MCD McDonald's Corp. | Add +34.9% | 0.66% | +0.10 |
| MDT Medtronic PLC | Add +27.4% | 0.52% | +0.10 |
| LLY Eli Lilly & Co. | Add +25.2% | 0.27% | +0.10 |
| CP Canadian Pacific Kansas City | Add +2.8% | 1.50% | +0.08 |
| DHR Danaher Corp. | Add +20.1% | 0.43% | +0.07 |
| HD Home Depot Inc. | Add +5.9% | 0.93% | +0.07 |
| SHOP Shopify Inc. Class A | Add +40.4% | 0.30% | +0.07 |
| PANW Palo Alto Networks Inc. | Add +142.0% | 0.12% | +0.06 |
| ASML ASML Holding NV-NY Reg SHS | Add +2.1% | 0.34% | +0.06 |
| TSM Taiwan Semiconductor-SP ADR | Add +6.6% | 0.26% | +0.06 |
| CCJ Cameco Corp. | Add +56.8% | 0.17% | +0.05 |
| GOOGL Alphabet Inc. Class A | Add +3.4% | 1.71% | +0.05 |
| CVE Cenovus Energy Inc. | Add +19.9% | 0.21% | +0.05 |
| AZN Astrazeneca PLC-Spons ADR | Add +84.7% | 0.12% | +0.05 |
| SYK Stryker Corp. | Add +31.6% | 0.15% | +0.05 |
| XOM Exxon Mobil Corp. | Add +37.0% | 0.15% | +0.05 |
| AVGO Broadcom Inc. | Add +5.8% | 0.33% | +0.04 |
| GM General Motors Co. | New | 0.04% | +0.04 |
| WCN Waste Connections Inc. | Add +9.1% | 0.28% | +0.04 |
| ORCL Oracle Corp. | Add +17.6% | 0.15% | +0.03 |
| CAT Caterpillar Inc. | Add +22.8% | 0.12% | +0.03 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +8.4% | 0.17% | +0.03 |
| AIQ Global X Art Intel & Tech | New | 0.03% | +0.03 |
| IBKR Interactive Brokers Gro Class A | Add +1162.4% | 0.03% | +0.03 |
| LQDH iShares Int Hedg Corp. BD ETF | Add +107.6% | 0.06% | +0.03 |
| EMR Emerson Electric Co. | Add +12.4% | 0.18% | +0.03 |
| PHM Pultegroup Inc. | Add +792.2% | 0.03% | +0.03 |
| CAH Cardinal Health Inc. | Add +205.8% | 0.04% | +0.03 |
| MA Mastercard Inc. Class A | Add +2.4% | 0.44% | +0.03 |
| C Citigroup Inc. | Add +6.1% | 0.16% | +0.03 |
| TFII Tfi International Inc. | Add +1.9% | 0.29% | +0.03 |
| AMD Advanced Micro Devices | Add +2.9% | 0.19% | +0.03 |
| ETN Eaton Corp. PLC | Add +42.0% | 0.06% | +0.03 |
| CME Cme Group Inc. | Add +1159.1% | 0.03% | +0.03 |
| VTWO Vanguard Russell 2000 ETF | Add +299.3% | 0.04% | +0.03 |
| PG The Procter & Gamble Co. | Add +4.4% | 0.39% | +0.02 |
| RTX RTX Corp. | Add +34.4% | 0.08% | +0.02 |
| RBA RB Global Inc. | Add +719.6% | 0.03% | +0.02 |
| WDAY Workday Inc. Class A | New | 0.02% | +0.02 |
| MCK McKesson Corp. | Add +20.9% | 0.11% | +0.02 |
| SGOV iShares 0-3 Month Treasury B | Add +222.1% | 0.04% | +0.02 |
| NFLX Netflix Inc. | Add +11.7% | 0.10% | +0.02 |
| MRK Merck & Co. Inc. | Add +0.5% | 0.20% | +0.02 |
Notes & Other Activity Q4 2023 → Q1 2024
| GM General Motors Co. | COM · principal | Sold out | 63,381 | $2.3Mbefore exit |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -1.1% | 1,456 | $1.7M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -6.5% | 769 | $938K |
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | New | 10,290 | $156K |
| CORZZ Core Scientific Inc. - 29 | *W EXP 01/23/202 | New | 38,212 | $92K |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | New | 35,856 | $47K |
| FORTUNA SILVER MINES INC | SDCV 4.650%10/3 · principal | New | 397 | $394 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 913 | $26.8B | RY, TD, BNS, AAPL, MSFT |
| Q1 2026 | 911 | $24.3B | RY, TD, BNS, AAPL, MSFT |
| Q4 2025 | 889 | $24.8B | RY, BNS, TD, MSFT, AAPL |
| Q3 2025 | 901 | $23.5B | RY, MSFT, BNS, TD, AAPL |
| Q2 2025 | 856 | $21.2B | RY, MSFT, TD, BNS, AAPL |
| Q1 2025 | 842 | $18.6B | RY, AAPL, MSFT, BNS, TD |
| Q4 2024 | 853 | $19.0B | RY, AAPL, MSFT, BNS, ENB |
| Q3 2024 | 830 | $18.7B | RY, MSFT, BNS, AAPL, TD |
| Q2 2024 | 820 | $17.1B | RY, MSFT, AAPL, BNS, TD |
| Q1 2024 | 821 | $16.8B | RY, MSFT, BNS, TD, AAPL |