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HomeStocksBNSInstitutional Holders

BNS logoThe Bank of Nova Scotia (BNS) Institutional Ownership

Q2 2026 13F Data|Updated 2026-11-07

✨

Institutional ownership increased this quarter (+0.63 pp), though top 10 holders maintain a highly concentrated 52.0% of institutional value.

Institutional Ownership
Can exceed 100% due to securities lending, short interest, and reporting timing differences.
47.1%$48.8B total value · ▲ +0.63 pp vs prior quarter
Smart Money Score
Based on ownership concentration, fund quality, buying/selling activity, ownership indicators, and institutional trend.
50 / 100Neutral
Institutions & Flow538 holders+26 net flow (+69 / -43)

AI Insights & Key Takeaways

  • Positive Institutional Flow (+26)
  • Top 10 holders control 52.0% of institutional value
  • No Insider Signal

Top Institutional Holders of BNS

Ranked by reported Q2 2026 13F market value

Top 10 Holders
52.0%
Top 25 Holders
77.5%

Share of total reported institutional value in BNS held by the largest 10 / 25 filers.

#InstitutionShares HeldMarket ValueQoQ ChangeOwnership %% of Fund
1ROYAL BANK OF CANADA83.5M$7.25B-7.5%6.810%1.08%
2BANK OF MONTREAL /CAN/53.1M$4.61B-6.3%4.333%1.52%
3VANGUARD CAPITAL MANAGEMENT LLC35.7M$3.10B+0.1%2.912%

Quarterly Institutional Activity

Filings activity in BNS during Q2 2026, grouped by how each filer changed its position.

OverviewNew Buyers69Added To416Trimmed37Exited43

New Buyers

69

Institutions that opened a new BNS position in Q2 2026

  • Blue Sparrow, LLC /DE

BNS Institutional Ownership by Quarter

8 quarters of 13F filings · Δ columns show change vs prior quarter

QuarterInst. HoldersΔ HoldersOwnership %Δ OwnershipTotal 13F ValueΔ Value
Q2 2026538+5.9%47.13%+0.63 pp$48.76B+27%
Q1 2026508+6.3%46.50%3.66 pp$38.26B14%
Q4 2025478+5.3%50.16%0.62 pp$44.29B+17%
Q3 2025454+7.3%50.78%37.72 pp$37.94B37%
Q2 2025423+5.0%88.50%+40.60 pp$59.97B+116%
Q1 2025403

BNS — Frequently Asked Questions

Quick answers to the most common questions about buying BNS stock.

What percentage of BNS is owned by institutions?

Based on Q2 2026 13F filings, institutional ownership of The Bank of Nova Scotia stands at 47.1%, held across 538 reporting institutions.

Who is the largest institutional holder of BNS?

ROYAL BANK OF CANADA is the largest reported institutional holder of BNS, with approximately 83,495,379 shares worth $7.25B as of Q2 2026.

Is BNS a hedge fund favorite?

No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of BNS.

What is BNS's Smart Money Score?

Our composite Smart Money Score for BNS is 50 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.

How many institutions bought BNS this quarter?
0.07%
4CIBC WORLD MARKET INC.25.2M$2.19B-7.6%2.056%3.51%
5NORGES BANK18.4M$1.60B—1.500%0.16%
61832 Asset Management L.P.16.3M$1.41B-11.0%1.325%0.71%
7NATIONAL BANK OF CANADA /FI/15.7M$1.36B-4.4%1.279%0.97%
8TORONTO DOMINION BANK15.3M$1.33B-23.9%1.245%1.53%
9GEODE CAPITAL MANAGEMENT, LLC14.3M$1.28B+11.5%1.167%0.07%
10TD ASSET MANAGEMENT INC14.1M$1.22B-26.5%1.149%1.06%
11SCOTIA CAPITAL INC.12.9M$1.12B-3.6%1.055%4.20%
12MACKENZIE FINANCIAL CORP8.7M$1.07B+0.1%0.706%1.07%
13FIL Ltd12.2M$1.06B+35.5%0.999%0.76%
14CANADA PENSION PLAN INVESTMENT BOARD11.7M$1.02B+28.5%0.955%0.56%
15VANGUARD FIDUCIARY TRUST CO10.9M$949.5M-0.4%0.891%0.21%
16CIBC Asset Management Inc10.8M$938.0M+22.3%0.877%2.06%
17JPMORGAN CHASE & CO10.7M$929.5M-1.0%0.875%0.05%
18Vanguard Global Advisers, LLC9.5M$822.5M+7.8%0.772%0.38%
19TD Waterhouse Canada Inc.9.0M$791.3M-6.5%0.738%2.08%
20Legal & General Group Plc8.2M$709.8M-2.7%0.666%0.15%
21Federation des caisses Desjardins du Quebec7.6M$657.1M-1.8%0.619%2.01%
22BARCLAYS PLC7.0M$611.9M+40.8%0.575%0.12%
23MORGAN STANLEY6.7M$583.9M+62.9%0.548%0.03%
24HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND6.6M$575.3M+19.6%0.540%0.81%
25Connor, Clark & Lunn Investment Management Ltd.6.5M$567.3M-29.9%0.534%1.07%

denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in BNS — a direct measure of their conviction.

$73.2M
  • MONTRUSCO BOLTON INVESTMENTS INC.$26.6M
  • Flat Footed LLC$20.2M
  • RENAISSANCE TECHNOLOGIES LLC$18.5M
  • BALYASNY ASSET MANAGEMENT L.P.$16.1M
  • Polar Asset Management Partners Inc.$13.2M
  • Squarepoint Ops LLC$7.0M
  • IMC-Chicago, LLC$4.5M
  • Trexquant Investment LP$4.1M
  • Sciencast Management LP$3.9M
  • Tweedy, Browne Co LLC$3.7M
  • XTX Topco Ltd$1.4M
  • Exited Positions

    43

    Institutions that fully closed their BNS position in Q2 2026

    • AGF MANAGEMENT LTD$34.0M
    • JUPITER ASSET MANAGEMENT LTD$32.4M
    • PBU - The Pension Fund of Early Childhood & Youth Educators$10.6M
    • Y-Intercept (Hong Kong) Ltd$5.7M
    • Numerai GP LLC$5.5M
    • FORA Capital, LLC$5.5M
    • DAVIS-REA LTD.$5.2M
    • Lighthouse Investment Partners, LLC$5.1M
    • Parallax Volatility Advisers, L.P.$3.8M
    • VOLORIDGE INVESTMENT MANAGEMENT, LLC$3.4M
    • FIRST NATIONAL TRUST CO$3.1M
    • Magnetar Financial LLC$2.7M
    4.5%
    47.90%
    +1.56 pp
    $27.77B
    1.9%
    Q4 2024422+5.8%46.34%1.28 pp$28.30B3.9%
    Q3 2024399—47.62%—$29.46B—

    Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.

    69 institutions opened new positions in BNS during Q2 2026, while 43 fully exited. 416 added to existing positions and 37 trimmed.

    How is institutional ownership of BNS changing?

    BNS institutional ownership rose by 0.63 percentage points quarter-over-quarter, with a net change of +30 holders.

    How concentrated is BNS ownership among the top holders?

    The top 10 institutions account for 52.0% of all reported 13F value in BNS, and the top 25 account for 77.5%.

    Where does this BNS institutional ownership data come from?

    All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.

    BNSThe Bank of Nova Scotia
    $91.69$112.4B
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