SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Bank of Nova Scotia (BNS)
Filing Type: Form 13F Information Table (Statement of Holdings)
Reporting Period: The filing metadata indicates a date of June 30, 2026. However, the content provided is a standard Form 13F table listing equity and debt securities held by the institution. As a Form 13F, this document discloses long-only equity positions and does not contain the bank's own financial performance data (revenue, profit, etc.).
Key Financial Metrics and Holdings
This filing details the investment portfolio of the Bank of Nova Scotia rather than its operational financials. Key metrics derived from the holdings table include:
- Portfolio Composition: The portfolio is heavily weighted toward large-cap U.S. equities, with significant exposure to the Technology, Financials, and Healthcare sectors.
- Top Equity Holdings (by Value):
- Microsoft Corp: ~$2.24 billion
- NVIDIA Corp: ~$3.33 billion
- Alphabet Inc (Class C): ~$1.48 billion
- Amazon.com Inc: ~$684 million
- Apple Inc: ~$1.84 billion
- Significant Canadian Holdings:
- Telus Corp: ~$255 million
- Canadian Imperial Bank of Commerce: ~$1.30 billion
- Canadian National Railway: ~$159 million
- Enbridge Inc: ~$486 million
- Debt and Fixed Income: The filing includes holdings in corporate notes (e.g., Western Digital, Snowflake, Akamai) and Exchange Traded Funds (ETFs) tracking bonds and commodities.
- Derivatives: The table lists Put options for several positions (e.g., Tesla, Amazon, Apple), indicating hedging strategies or short-term directional views.
Material Changes and Voting Authority
Voting Authority: The vast majority of holdings are reported with "Sole" voting authority, indicating the bank has full discretion over these shares. A smaller portion is reported with "Discretionary" (DFND) authority, suggesting these shares are held on behalf of clients or in managed accounts where voting rights are shared or limited.
Changes: As this is a static snapshot of holdings, material changes versus a prior period cannot be calculated without the previous quarter's 13F filing. However, the presence of Put options suggests active management of downside risk for specific high-volatility assets.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings do not contain management commentary, earnings guidance, or strategic outlooks. These are typically found in 10-K or 10-Q filings.
Risks and Contingencies:
- Concentration Risk: Significant exposure to the technology sector (NVIDIA, Microsoft, Apple, Alphabet) creates sensitivity to sector-specific regulatory or market shifts.
- Market Risk: The portfolio value is directly tied to market fluctuations of the underlying securities.
- Liquidity: While most holdings are in highly liquid large-cap stocks, some smaller positions or specific ETFs may have varying liquidity profiles.
Investor Verification Checklist
- Verify the actual filing date on the SEC EDGAR database, as the metadata date (2026) appears to be a future projection or error in the provided context.
- Compare these holdings against the bank's previous 13F filing to identify net buys or sells in key positions like NVIDIA or Microsoft.
- Review the bank's official 10-K or 10-Q for the corresponding period to understand how these investment assets impact the bank's overall capital adequacy and liquidity ratios.
- Check for any "Discretionary" holdings that may represent client assets rather than proprietary bank capital.