Bank of Nova Scotia Discloses Q4 2023 Equity Holdings

TL;DR

**Bank of Nova Scotia's Q4 2023 13F shows significant holdings in AbbVie and Adobe, signaling their portfolio strategy.**

AI Summary

The Bank of Nova Scotia, a major Canadian financial institution, filed its 13F-HR on February 12, 2024, disclosing its equity holdings as of December 31, 2023. The filing reveals significant sole ownership in companies like AbbVie Inc. with 1,067,852 shares and Adobe Inc. with 97,596 shares, alongside various shared and defined holdings in other large-cap stocks such as 3M Co. and Abbott Labs. This matters to investors because it provides transparency into the investment strategies and portfolio composition of a major financial player, potentially signaling confidence or caution in specific sectors or companies.

Why It Matters

This filing offers a glimpse into the investment decisions of a large financial institution, which can influence market sentiment and provide insights into potential investment trends for individual investors.

Risk Assessment

Risk Level: low — 13F filings are backward-looking disclosures of holdings, providing transparency rather than indicating new risks.

Analyst Insight

Investors can use this filing to understand the portfolio allocation of a major financial institution, potentially identifying companies that are considered stable or growth-oriented by institutional investors. This information can be used as a data point for personal investment research, but should not be the sole basis for investment decisions.

Key Numbers

• 1,067,852 — Shares of AbbVie Inc. (Represents the sole ownership of AbbVie Inc. stock by Bank of Nova Scotia as of December 31, 2023.)
• 97,596 — Shares of Adobe Inc. (Represents the sole ownership of Adobe Inc. stock by Bank of Nova Scotia as of December 31, 2023.)
• 536,181 — Shares of 3M Co (Represents the sole ownership of 3M Co stock by Bank of Nova Scotia as of December 31, 2023.)
• 285,011 — Shares of Abbott Labs (Represents the sole ownership of Abbott Labs stock by Bank of Nova Scotia as of December 31, 2023.)
• 20231231 — Conformed Period of Report (This is the date for which the reported holdings are accurate, indicating the filing reflects Q4 2023 activity.)

Key Players & Entities

• BANK OF NOVA SCOTIA (company) — the filer of the 13F-HR
• Nanci MacKenzie (person) — Vice President - Financial Accounting & Reporting, who signed the filing
• AbbVie Inc. (company) — a company in which Bank of Nova Scotia holds 1,067,852 shares
• Adobe Inc. (company) — a company in which Bank of Nova Scotia holds 97,596 shares
• 3M Co (company) — a company in which Bank of Nova Scotia holds 536,181 shares
• Abbott Labs (company) — a company in which Bank of Nova Scotia holds 285,011 shares

Forward-Looking Statements

• Bank of Nova Scotia will maintain its significant holdings in large-cap pharmaceutical and technology companies in its next 13F filing. (BANK OF NOVA SCOTIA) — medium confidence, target: 20240515

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 4KB
• infotable.html (INFORMATION TABLE)
• infotable.xml (INFORMATION TABLE) — 1068KB
• 0001085146-24-001074.txt ( ) — 1074KB

From the Filing

SEC FORM 13F-HR The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE OMB APPROVAL OMB Number: 3235-0006 Estimated average burden hours per response: 23.8 Report for the Calendar Year or Quarter Ended: 12-31-2023 Check here if Amendment    Amendment Number: This Amendment (Check only one.):    is a restatement.    adds new holdings entries. Institutional Investment Manager Filing this Report: Name: BANK OF NOVA SCOTIA Address: 40 TEMPERANCE STREET TORONTO , A6   M5H 0B4 Form 13F File Number: 028-11475 CRD Number (if applicable): The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Nanci MacKenzie Title: Vice President - Financial Accounting & Reporting Phone: 647-621-1904 Signature, Place, and Date of Signing: /s/Nanci MacKenzie Toronto ,  Z4 02-12-2024 [Signature] [City, State] [Date] Report Type (Check only one.):    13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)    13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) X 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Name Form 13F File No. CRD No. (if applicable) SEC File No. (if applicable) CIK 1832 Asset Management L.P. 028-13705 Bank Of Nova Scotia Trust Co 028-11459 Jarislowsky, Fraser Ltd 028-06075 SCOTIA CAPITAL INC. 028-11461 Form 13F Summary Page Report Summary: Number of Other Included Managers: 5 Form 13F Information Table Entry Total: 1,870 Form 13F Information Table Value Total: 53,339,027,914 (round to nearest dollar) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state “NONE” and omit the column headings and list entries.] No. Name Form 13F File No. CRD No. (if applicable) SEC File No. (if applicable) CIK 1 SCOTIA CAPITAL (USA) INC 028-17829 2 Scotia Fondos, S.A. de C.V., Sociedad Operadora de Fondos de Inversion, Grupo Financiero Scotiabank Inverlat 028-18067 3 Tangerine Investment Management Inc. 028-16219 4 Profuturo AFP S.A. 028-16220 5 Bank of Nova Scotia Trust Co (Bahamas) Ltd 028-16218

View Full Filing

View this 13F-HR filing on SEC EDGAR