Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Bank Nova Scotia B C (BNS)

529 + Investors. Track Smart Money conviction in BNS. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +32
Streak
5Q ▲
Buyers last Q
57%

Smart Money Signals — BNS

Based on 538 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 5 quarters in a row

last 6Q
For 5 consecutive quarters, more hedge funds added BNS than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
538 hedge funds hold BNS right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +26% more funds vs a year ago

fund count last 6Q
+111 new funds entered over the past year (+26% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 57% buying

280 buying211 selling
Last quarter: 280 funds bought or added vs 211 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+9 vs last Q)

new funds entering per quarter
Funds opening a new BNS position: 67 → 71 → 72 → 81. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 18% medium ■ 21% new
329 out of 538 hedge funds have held BNS for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💰

Value +28% but shares only +1% — price-driven

Value
+27%
Shares
+0%
Last quarter: the total dollar value of institutional holdings rose +28%, but actual share count only changed +1%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

57 → 67 → 71 → 72 → 81 new funds/Q
New funds entering each quarter: 67 → 71 → 72 → 81. A growing number of institutions are discovering BNS each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 65% veterans vs 25% newcomers

■ 65% veterans ■ 10% 1-2yr ■ 25% new
Entry-cohort mix of 566 holders: 368 (65%) are 2+ year veterans, 56 entered 1–2 years ago, and 142 (25%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 53% AUM from top-100 funds

53% from top-100 AUM funds
54 of 532 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in BNS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BNS

In 2026 Q2, 280 hedge funds were net buyers of BNS (81 opened a new position, 199 added to an existing one), while 211 reduced or exited (162 trimmed, 49 sold completely) — a 57% buyer ratio, indicating a slight buying edge. This marks 5 consecutive quarters of net institutional buying — a persistent conviction signal. 53% of total institutional value in BNS is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +32 funds (more new holders than closures). Total institutional holders: 538.

Hedge Fund Ownership: BNS

How many hedge funds hold BNS — quarterly history vs. share price
Quarterly hedge fund ownership of BNS vs. share price

Market Analysis: BNS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BNS

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Bank Nova Scotia B C (BNS) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BNS has moved relative to its sector benchmark (XLF) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 81d ago
BNS
+7.8%
XLF
+4.2%

BNS outperformed XLF by +3.6% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 36d ago
BNS
+2.2%
XLF
-4.0%

Since the filing became public, BNS outperformed XLF by +6.2% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

13 top-rated funds 14 high-conviction
Consensus
5.0
/ 10
breadth
×
Elite
4.6
/ 10
conviction
Hedge Fund Positioning: BNS
529 + Investors

Track Smart Money conviction in BNS. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 529 506 4.55%
13F Shares 568M 564M 0.65%
Total Value $47.91B $37.56B 27.55%
New Positions 80 72 +8
Increased Positions 190 179 +11
Closed Positions 51 45 +6
Reduced Positions 157 142 +15
Total Calls 17 18 -5.56%
Total Puts 17 16 6.25%
PUT/CALL Ratio 1.0 0.89 Neutral

Statistics: BNS

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Institutional Holders (2026 Q2)

529 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BNS. Verified SEC 13F-HR filings.

QUARTER:
Top 25 BNS holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Canerector Inc 11.87% 300,000 $26.0M
2 Periscope Capital INC. 11.45% 1,501,700 $130.5M
3 Delaney Capital Management Ltd. 5.70% 415,388 $36.0M
4 Letko, Brosseau & Associates Inc 4.34% 3,380,374 $293.7M
5 Guardian Partners Inc. 4.28% 546,953 $47.4M
6 Cardinal Capital Management, Inc. 4.24% 2,018,524 $175.1M
7 Scotia Capital INC. 4.20% 12,935,957 $1.12B
8 Value Partners Investments Inc. 4.12% 679,868 $59.0M
9 Mufg Securities (canada), LTD. 4.07% 1,738,562 $150.9M
10 Eldred Rock Partners, LLC 3.83% 205,242 $17.8M
11 Periscope Capital INC. 3.81% 500,000 $43.4M
12 Coleford Investment Management Ltd. 3.78% 199,856 $17.3M
13 Addenda Capital Inc. 3.62% 1,081,272 $133.3M
14 Cibc World Market INC. 3.51% 25,213,679 $2.19B
15 SIG North Trading, ULC 3.50% 2,185,100 $189.8M
16 Marathon Asset Management Ltd 3.36% 950,832 $82.6M
17 Gold Investment Management Ltd. 3.27% 138,750 $12.1M
18 SIG North Trading, ULC 3.10% 1,935,200 $168.1M
19 Keystone Financial Planning, Inc. 3.06% 136,488 $11.9M
20 Cumberland Partners Ltd 2.93% 522,360 $45.3M
21 Hillsdale Investment Management Inc. 2.67% 1,349,041 $117.1M
22 Purpose Unlimited Inc. 2.54% 762,723 $66.3M
23 PCJ Investment Counsel Ltd. 2.48% 99,350 $8.6M
24 TD Waterhouse Canada Inc. 2.08% 9,044,903 $791.3M
25 Lorne Steinberg Wealth Management Inc. 2.08% 116,512 $10.1M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Bank Nova Scotia B C (BNS)

What does the Smart Money Trend signal show for BNS?

Buying streak — 5 quarters in a row: For 5 consecutive quarters, more hedge funds added BNS than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BNS?

Slight buying edge — 57% buying: Last quarter: 280 funds bought or added vs 211 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BNS holders?

Elite ownership — 53% AUM from top-100 funds: 54 of 532 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in BNS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held BNS?

61% of holders stayed for 2+ years: 329 out of 538 hedge funds have held BNS for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Bank Nova Scotia B C (BNS) following the 2026 Q2 hedge fund 13F filings?

As of today, BNS has moved +2.2% since the 2026 Q2 13F filing date (August 14, 2026), compared to -4.0% for the XLF sector ETF — an outperformance of +6.2%. Since the quarter end (June 30, 2026), BNS has gained +7.8% vs +4.2% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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