Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Bank Nova Scotia B C (BNS)

498 + 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
↑ +24
Streak
4Q ▲
Buyers last Q
58%

Smart Money Signals — BNS

Based on 502 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 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
502 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 — +23% more funds vs a year ago

fund count last 6Q
+93 new funds entered over the past year (+23% 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 — 58% buying

259 buying188 selling
Last quarter: 259 funds bought or added vs 188 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.
➡️

Steady new buyers — ~70 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 56 → 67 → 71 → 70. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 18% medium ■ 20% new
314 out of 502 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.
📈

Growing discovery — still being found

51 → 56 → 67 → 71 → 70 new funds/Q
New funds entering each quarter: 56 → 67 → 71 → 70. A growing number of institutions are discovering BNS each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 67% of holders stayed 2+ years

■ 67% veterans ■ 10% 1-2yr ■ 23% new
Of 531 current holders: 358 (67%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 52% AUM from top-100 funds

52% from top-100 AUM funds
50 of 502 holders are among the 100 largest funds by AUM, controlling 52% 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 Q1, 259 hedge funds were net buyers of BNS (70 opened a new position, 189 added to an existing one), while 188 reduced or exited (142 trimmed, 46 sold completely) — a 58% buyer ratio, indicating a slight buying edge. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 52% of total institutional value in BNS is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +24 funds (more new holders than closures). Total institutional holders: 502.

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 Q1 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 March 31, 2026 · 78d ago
BNS
+23.4%
XLF
+1220.3%

BNS outperformed XLF by -1196.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
BNS
+11.0%
XLF
+4.8%

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.

26 top-rated funds 10 high-conviction
Consensus
6.2
/ 10
breadth
×
Elite
3.8
/ 10
conviction
Hedge Fund Positioning: BNS
498 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 498 478 4.18%
13F Shares 550M 616M -10.65%
Total Value $36.89B $45.61B -19.11%
New Positions 68 71 -3
Increased Positions 179 155 +24
Closed Positions 48 44 +4
Reduced Positions 139 159 -20
Total Calls 18 18 -
Total Puts 16 16 -
PUT/CALL Ratio 0.89 0.89 Neutral

Statistics: BNS

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Institutional Holders (2026 Q1)

498 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Canerector Inc 13.71% 300,000 $28.9M
2 Value Partners Investments Inc. 4.28% 811,628 $56.2M
3 Letko, Brosseau & Associates Inc 3.91% 3,510,666 $242.7M
4 Periscope Capital INC. 3.84% 500,000 $34.7M
5 Scotia Capital INC. 3.82% 13,422,749 $929.0M
6 Cardinal Capital Management, Inc. 3.77% 2,022,859 $139.8M
7 Guardian Partners Inc. 3.66% 632,459 $43.9M
8 Mufg Securities (canada), LTD. 3.64% 1,828,607 $126.6M
9 Eldred Rock Partners, LLC 3.63% 205,596 $14.2M
10 Coleford Investment Management Ltd. 3.48% 205,396 $14.2M
11 Gold Investment Management Ltd. 2.97% 138,546 $9.6M
12 Cibc World Market INC. 2.94% 25,977,781 $1.80B
13 Addenda Capital Inc. 2.92% 1,073,598 $103.6M
14 Marathon Asset Management Ltd 2.89% 1,089,394 $75.3M
15 Cumberland Partners Ltd 2.76% 526,323 $36.4M
16 SIG North Trading, ULC 2.74% 1,968,400 $136.4M
17 Keystone Financial Planning, Inc. 2.58% 139,101 $9.6M
18 Hillsdale Investment Management Inc. 2.44% 1,293,232 $89.7M
19 SIG North Trading, ULC 2.31% 1,660,400 $115.1M
20 Purpose Unlimited Inc. 2.24% 780,376 $54.1M
21 TD Waterhouse Canada Inc. 2.00% 9,674,068 $675.7M
22 Federation des caisses Desjardins du Quebec 1.92% 7,727,358 $533.4M
23 Alberta Investment Management Corp 1.90% 4,561,621 $316.4M
24 Lorne Steinberg Wealth Management Inc. 1.85% 112,543 $7.8M
25 Toronto Dominion Bank 1.75% 17,581,384 $1.22B
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 — 4 quarters in a row: For 4 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 — 58% buying: Last quarter: 259 funds bought or added vs 188 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 — 52% AUM from top-100 funds: 50 of 502 holders are among the 100 largest funds by AUM, controlling 52% 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?

63% of holders stayed for 2+ years: 314 out of 502 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 Q1 hedge fund 13F filings?

As of today, BNS has moved +11.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of +6.2%. Since the quarter end (March 31, 2026), BNS has gained +23.4% vs +1220.3% 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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