Bank of Nova Scotia
The Bank of Nova Scotia (Scotiabank) is a multinational banking and financial services corporation headquartered in Toronto, Ontario, Canada. Founded in 1832 in Halifax, it has grown to become one of Canada's 'Big Five' banks, serving over 25 million customers in more than 55 countries. With a comprehensive suite of services including personal and commercial banking, wealth management, private banking, and investment and capital markets services, Scotiabank is recognized for its international presence, particularly in Latin America and the Caribbean. The firm is publicly traded and, as of 2024, employs over 89,000 people worldwide. Its client base includes individuals, small businesses, corporates, and institutional investors.
Investment Strategy
Scotiabank employs a diversification strategy across four major business lines: Canadian Banking, Global Wealth Management, International Banking, and Global Banking and Markets. The firm focuses on sustainable, profitable growth by deepening client relationships, offering tailored financial advice, and advancing digital banking experiences. Its Global Banking and Markets division provides comprehensive wholesale and investment banking services to corporate, institutional, and government clients globally, with a particular emphasis on scaling in priority markets and supporting clients in the transition to net zero. The bank is also committed to environmental, social, and governance (ESG) initiatives, supporting economic inclusion and climate impact mitigation through responsible capital allocation.
Top Holdings
Equity Positions (912)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
N NVDA | NVIDIA CORPORATION | 5.95% | $2.90B | 18,384,757 | $67.42 | $157.99 | +$357.8M |
K KEY | KEYCORP | 5.81% | $2.84B | 162,953,822 | $17.02 | $17.42 | +$233.0M |
A AAPL | APPLE INC | 5.41% | $2.64B | 12,873,219 | $174.54 | $205.17 | +$190.2M |
R RY | ROYAL BK CDA | 4.48% | $2.19B | 16,597,145 | $84.55 | $131.55 | +$293.6M |
M MSFT | MICROSOFT CORP | 4.18% | $2.04B | 4,108,602 | $361.94 | $497.41 | -$72.6M |
Options Positions (10)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
T TSLA | TESLA INC | Bought | Put | $12.1M | 379 | $317.66 | $296.74 | +257.24 | +$8.9M |
N NVDA | NVIDIA CORPORATION | Sold | Put | $10.3M | 655 | $157.99 | $120.01 | -16.35 | +$3.1M |
A AMZN | AMAZON COM INC | Bought | Put | $7.4M | 339 | $219.39 | $207.17 | +224.27 | +$5.3M |
G GOOGL | ALPHABET INC | Bought | Put | $7.3M | 417 | $176.23 | $176.98 | +300.5 | +$5.5M |
M MSFT | MICROSOFT CORP | Sold | Put | $6.9M | 138 | $497.41 | $425.05 | -50.1 | -$196.8K |