PensionDanmark Pensionsforsikringsaktieselskab 13F: Adds $4.4M to BNS Stake

PensionDanmark grew its holdings in The Bank of Nova Scotia (NYSE: BNS) by 27.0% during the period, adding 48,078 shares to end with 226,304 shares. The stake was worth about $20.6 million, according to a Form 13F filed with the SEC on October 19, 2026.

BNS The Bank of Nova Scotia

$91.14 ▲ +25.95% year to date

1M 3M YTD

Daily close · Oct 19, 2026

What Changed in PensionDanmark's The Bank of Nova Scotia Position

The fund expanded its commitment to the Canadian lender by lifting its share count from 178,226 shares up to 226,304 shares. That change reflects a 27.0% increase in total shares held, bringing the reported market value of the position to $20.6 million.

Other Institutional Activity in The Bank of Nova Scotia

Other large funds also made adjustments to their positions in the bank. TD Waterhouse Canada reduced its investment by 234,200 shares, ending with 8,810,703 shares worth about $796.5 million. Royal Bank of Canada cut its holdings by 5,999,280 shares to finish with 65,848,379 shares valued around $6.0 billion. Bank of Montreal reduced its position by 4,143,385 shares, holding 51,924,070 shares worth about $4.7 billion. CIBC World Market trimmed its stake by 763,736 shares to end with 25,213,679 shares valued at roughly $2.3 billion. Meanwhile, Acadian Asset Management grew its holdings by 3,362,917 shares, a 22.4% increase that left it with 18,382,643 shares worth about $1.7 billion.

The Bank of Nova Scotia Stock Down 0.5%

The stock recently traded around $91.14 as of October 20, 2026. That price puts the shares down about 0.5% from the close of $91.60 recorded on October 16, 2026. The shares sit roughly 4.8% below their 52-week high of $95.74 and well above their 52-week low of $63.99.

Recent Earnings

The bank reported trailing twelve month revenue of $35.2 billion and earnings of $5.52 per share. The company posted a net profit margin of 28.4% alongside an 11.5% return on equity. Year-over-year revenue growth reached 11.7%. The next earnings release is scheduled for December 2, 2026.

Dividend

The company pays an annual dividend rate of $3.23 per share, translating to a dividend yield of 3.54%. The payout ratio stands at 58.0% of earnings.

About The Bank of Nova Scotia

The Bank of Nova Scotia offers diverse financial services across Canada, the United States, Latin America, and international markets. It operates through segments focused on Canadian banking, international banking, global wealth management, and global banking and markets.

Bottom Line

Institutional investors continue to shift their exposure as the bank approaches its next financial update in December. Market participants will watch upcoming filings and earnings results for further clues on institutional sentiment.