TD Waterhouse Canada 13F: Cuts BNS Stake by $21M
Key Points
- TD Waterhouse Canada trimmed its stake in The Bank of Nova Scotia by 2.5% during the period, ending with 8.8 million shares.
- TD Waterhouse Canada held 8,810,703 $BNS shares at quarter end, down 2.59% from the prior quarter.
- The Bank of Nova Scotia reported trailing twelve month revenue of $35.2 billion alongside a net profit margin of 28.4%.
- Other large institutions including Royal Bank of Canada and Bank of Montreal also adjusted their positions in the bank recently.
Since the filing, $BNS is down 0.5% to date (from the $91.60 close on Oct 16, 2026).
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TD Waterhouse Canada reduced its holdings in The Bank of Nova Scotia BNS by 234,200 shares, according to a Form 13F filing on October 16, 2026. The fund ended the period with 8.8 million shares valued at about $796.5 million following the 2.5% decrease from its prior total of 9.0 million shares.
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The Bank of Nova Scotia
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What Changed in TD Waterhouse Canada's The Bank of Nova Scotia Position
TD Waterhouse Canada trimmed its investment by 234,200 shares, marking a 2.5% decrease from the previous quarter. The remaining stake of 8.8 million shares held a value of $796.5 million as of the filing date. The Bank of Nova Scotia closed at $91.60 on October 16, 2026.
Other Institutional Activity in The Bank of Nova Scotia
Other major financial institutions also adjusted their stakes in the bank around the same reporting periods. Intech Investment Management grew its holdings by 8,386 shares, ending with 830,164 shares worth about $72.1 million. Barrow Hanley Mewhinney & Strauss trimmed its investment by 107,217 shares, a 3.2% decrease that left it with 3.2 million shares valued at $278.8 million. Royal Bank of Canada cut its position by nearly 6.0 million shares down to 65.8 million shares worth $6.0 billion. Bank of Montreal reduced its holdings by 4.1 million shares to finish with 51.9 million shares valued at $4.7 billion. CIBC World Market trimmed its stake by 763,736 shares, ending with 25.2 million shares worth about $2.3 billion.
The Bank of Nova Scotia Stock Down 0.5%
The shares recently traded around $91.14 as of October 20, 2026, which is slightly below the event-day close of $91.60. The stock sits just under its 50-day moving average of $91.35 and trades well above its 200-day moving average of $81.43. Over the past year, the shares have moved between a low of $63.99 and a high of $95.74.
Recent Earnings
The Bank of Nova Scotia generated $35.2 billion in revenue over the trailing twelve months. The bank posted a net profit margin of 28.4% and a return on equity of 11.5%. The next earnings report is scheduled for December 2, 2026.
Dividend
The bank pays an annual dividend rate of $3.23 per share, giving it 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 a wide range of financial products, including personal and commercial banking, wealth management, and corporate banking services. Operating across Canada, the United States, Latin America, and international markets, the bank serves millions of customers through its diverse regional segments. Large institutional adjustments reflect ongoing portfolio rebalancing across major Canadian financial institutions.
Bottom Line
Investors will look toward the bank's next earnings report on December 2, 2026, for updated financial results. Institutional filings will continue to show how major asset managers adjust their exposure to the company over coming quarters.
Related Filing Alerts
Source: TD Waterhouse Canada's 13F filing on $BNS (Oct 16, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts