BANK OF NOVA SCOTIA

New 13F: Q3 2026

BANK OF NOVA SCOTIA filed its 13F for the quarter ended Sep 30, 2026 on Nov 13, 2026: $21.5B in AI and semiconductor stocks; $2.7B bought and $5.9B sold against its previous quarter, at the quarter's prices.

• trimmed Microsoft (MSFT): -$2.1B at the quarter's price
• added to Sandisk (SNDK): +$677.7M at the quarter's price
• trimmed Palantir (PLTR): -$575.2M at the quarter's price
• trimmed Broadcom (AVGO): -$501.0M at the quarter's price
• trimmed ServiceNow (NOW): -$263.1M at the quarter's price
• trimmed Applied Materials (AMAT): -$257.9M at the quarter's price
• added to Intel (INTC): +$235.6M at the quarter's price
• added to Meta Platforms (META): +$216.6M at the quarter's price
• trimmed Apple (AAPL): -$205.2M at the quarter's price
• trimmed Alphabet (GOOGL): -$189.9M at the quarter's price

BANK OF NOVA SCOTIA declares $23.4B in 125 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 35.4% of its $66.2B 13F portfolio. Largest positions: NVIDIA (0.07% of the company) and Alphabet (0.06% of the company). Over time: $23.4B in 125 of these companies for Q2 2026, against $5.2B in 72 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $3.9B and sold $5.2B of these stocks, at the quarter's prices: a net sale of $1.3B; 10 new positions and 1 sold out.

Performance of its AI picks

The AI-stock portfolio BANK OF NOVA SCOTIA declared for Q2 2026 (Form 13F), held unchanged, returned +5.1% in Q3 2026 (SMH -7.1%), ranked 584 of 1,785 active managers. Over the last 12 months, quarter after quarter: +34.1% (SMH +87.2%), ranked 398 of 1,360 active managers. Over three years, quarter after quarter: +188.4% (SMH +325.8%), ranked 125 of 784 active managers. Over five years, quarter after quarter: +228.9% (SMH +389.8%), ranked 55 of 535 active managers. Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

1. NVIDIA (NVDA): $3.5B, 17.6M shares, 0.07% of the company, 5.3% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
2. Alphabet (GOOGL): $2.7B, 7.5M shares, 0.06% of the company, 4.0% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
3. Microsoft (MSFT): $2.4B, 6.4M shares, 0.09% of the company, 3.6% of its portfolio (added this quarter); held since Q4 2019 or earlier
4. Apple (AAPL): $2.2B, 7.5M shares, 0.05% of the company, 3.3% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
5. Broadcom (AVGO): $1.6B, 4.3M shares, 0.09% of the company, 2.4% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
6. Meta Platforms (META): $1.2B, 2.2M shares, 0.09% of the company, 1.9% of its portfolio (added this quarter); held since Q4 2019 or earlier
7. Micron (MU): $871.6M, 755,064 shares, 0.07% of the company, 1.3% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
8. Amazon (AMZN): $861.0M, 3.6M shares, 0.03% of the company, 1.3% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
9. Applied Materials (AMAT): $800.0M, 1.1M shares, 0.14% of the company, 1.2% of its portfolio (added this quarter); held since Q3 2020
10. Lam Research (LRCX): $692.9M, 1.6M shares, 0.13% of the company, 1.0% of its portfolio (added this quarter); held since Q4 2019 or earlier
11. Western Digital (WDC): $500.3M, 783,212 shares, 0.21% of the company, 0.76% of its portfolio (added this quarter); held since Q4 2019 or earlier
12. Palantir (PLTR): $473.6M, 4.1M shares, 0.17% of the company, 0.72% of its portfolio (added this quarter); held since Q4 2022
13. Sandisk (SNDK): $329.3M, 144,848 shares, 0.10% of the company, 0.50% of its portfolio (trimmed this quarter); held since Q3 2025
14. Marvell (MRVL): $314.9M, 1.1M shares, 0.12% of the company, 0.48% of its portfolio (added this quarter); held since Q3 2021
15. Caterpillar (CAT): $313.5M, 294,412 shares, 0.06% of the company, 0.47% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier

By sector

• Cloud & AI giants: $9.3B, 40% of its AI holdings, 5 companies
• Chips & compute: $6.7B, 29% of its AI holdings, 18 companies
• Equipment & test: $1.9B, 8% of its AI holdings, 12 companies
• Memory & storage: $1.7B, 7% of its AI holdings, 4 companies
• AI software: $1.4B, 6% of its AI holdings, 22 companies
• Power, electrical & cooling: $1.1B, 5% of its AI holdings, 32 companies
• Neoclouds & data centers: $431.4M, 2% of its AI holdings, 12 companies
• Servers & systems: $339.8M, 1% of its AI holdings, 8 companies
• Interconnect: $308.5M, 1% of its AI holdings, 7 companies
• Optics: $231.8M, 1% of its AI holdings, 5 companies

Biggest changes this quarter

• trimmed NVIDIA (NVDA): -$1.1B at the quarter's price
• trimmed Amazon (AMZN): -$1.1B at the quarter's price
• trimmed Apple (AAPL): -$1.1B at the quarter's price
• added to Meta Platforms (META): +$602.6M at the quarter's price
• added to Microsoft (MSFT): +$595.5M at the quarter's price
• trimmed Micron (MU): -$556.8M at the quarter's price
• trimmed Alphabet (GOOGL): -$423.6M at the quarter's price
• added to Marvell (MRVL): +$292.6M at the quarter's price
• added to Lam Research (LRCX): +$285.8M at the quarter's price
• added to Western Digital (WDC): +$268.3M at the quarter's price

Schedule 13D/G declarations

• CleanSpark (CLSK): 13G filed Oct 19, 2026: 10.3M shares as of Sep 30, 2026, 3.9% as declared
• Centrus Energy (LEU): 13G filed Oct 19, 2026: 703,210 shares as of Sep 30, 2026, 3.5% as declared
• TeraWulf (WULF): 13G filed Oct 19, 2026: 25.6M shares as of Sep 30, 2026, 4.9% as declared
• Penguin Solutions (PENG): 13G filed Oct 19, 2026: 1.3M shares as of Sep 30, 2026, 2.5% as declared
• CleanSpark (CLSK): 13G filed Jul 15, 2026: 14.8M shares as of Jun 30, 2026, 5.6% as declared
• Centrus Energy (LEU): 13G filed Jul 15, 2026: 1.4M shares as of Jun 30, 2026, 6.9% as declared
• TeraWulf (WULF): 13G filed Jul 15, 2026: 39.8M shares as of Jun 30, 2026, 7.7% as declared
• Penguin Solutions (PENG): 13G filed Jul 15, 2026: 4.4M shares as of Jun 30, 2026, 8.5% as declared
• Centrus Energy (LEU): 13G filed Jan 27, 2026: 791,560 shares as of Dec 31, 2025, 4.4% as declared
• TeraWulf (WULF): 13G filed Jan 27, 2026: 27.4M shares as of Dec 31, 2025, 6.2% as declared

Other holders of this size

• Zurcher Kantonalbank (Zurich Cantonalbank): $23.2B in 207 of these companies
• FEDERATED HERMES, INC.: $23.5B in 181 of these companies
• HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND: $23.1B in 153 of these companies
• D1 Capital Partners L.P.: $23.6B in 14 of these companies
• MACKENZIE FINANCIAL CORP: $23.0B in 157 of these companies
• NOMURA ASSET MANAGEMENT INTERNATIONAL INC.: $23.8B in 157 of these companies
• Caisse de depot et placement du Quebec: $22.9B in 99 of these companies
• ProShare Advisors LLC: $23.8B in 183 of these companies

Follow BANK OF NOVA SCOTIA's SEC filings (Atom feed)

All holders · Who owns each AI company · All tracked companies · The AI market