Who owns BNS (BNS)
Which tracked institutional funds hold BNS, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BNS company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
99 tracked funds added or opened BNS while 138 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
BNS’s largest tracked holder by dollar value, ROYAL BANK OF CANADA, sizes it at 0.9% of its own reported 13F book, while the median holder sizes it at 0.3% of theirs — a 0.7pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BNS divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 505 tracked filers holding BNS, 248 increased or opened the position and 184 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in BNS between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 36
- VANGUARD CAPITAL MANAGEMENT LLC$2.5B
- VANGUARD FIDUCIARY TRUST CO$761M
- Vanguard Global Advisers, LLC$609M
- VANGUARD ASSET MANAGEMENT, Ltd$173M
- Quadrature Capital Ltd$85M
- Vanguard Investments Australia, Ltd.$43M
Full exits 19
- VANGUARD GROUP INC$4.2B
- NICOLA WEALTH MANAGEMENT LTD.$100M
- Scheer, Rowlett & Associates Investment Management Ltd.$69M
- RENAISSANCE TECHNOLOGIES LLC$29M
- FORSTA AP-FONDEN$22M
- Skandinaviska Enskilda Banken AB (publ)$17M
Largest adds
- TD Waterhouse Canada Inc.$332M
- JPMORGAN CHASE & CO$290M
- BARCLAYS PLC$274M
- Alberta Investment Management Corp$195M
- Public Sector Pension Investment Board$93M
- ACADIAN ASSET MANAGEMENT LLC$88M
Largest trims
- ROYAL BANK OF CANADA$1.1B
- NORGES BANK$699M
- FIL Ltd$589M
- TORONTO DOMINION BANK$416M
- BANK OF MONTREAL /CAN/$381M
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND$313M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| ROYAL BANK OF CANADA trimmed | 71,847,668 | $5.0B | 11.9% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 56,069,406 | $3.9B | 9.3% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 35,683,283 | $2.5B | 5.9% | 2026-Q1 |
| CIBC WORLD MARKET INC. trimmed | 25,977,781 | $1.8B | 4.3% | 2026-Q1 |
| TD Asset Management Inc added | 19,181,963 | $1.3B | 3.2% | 2026-Q1 |
| 1832 Asset Management L.P. trimmed | 18,254,276 | $1.3B | 3.0% | 2026-Q1 |
| TORONTO DOMINION BANK trimmed | 17,581,384 | $1.2B | 2.9% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 16,409,996 | $1.1B | 2.7% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC added | 15,020,030 | $1.0B | 2.5% | 2026-Q1 |
| SCOTIA CAPITAL INC. trimmed | 13,422,749 | $929M | 2.2% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 12,839,813 | $917M | 2.2% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 10,969,938 | $761M | 1.8% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 10,841,415 | $731M | 1.7% | 2026-Q1 |
| TD Waterhouse Canada Inc. added | 9,674,068 | $676M | 1.6% | 2026-Q1 |
| NORGES BANK trimmed | 14,115,417 | $669M | 1.6% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 9,331,541 | $647M | 1.5% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 9,113,642 | $632M | 1.5% | 2026-Q1 |
| FIL Ltd trimmed | 9,042,167 | $627M | 1.5% | 2026-Q1 |
| CIBC Asset Management Inc trimmed | 8,793,875 | $611M | 1.5% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 8,776,836 | $609M | 1.5% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP trimmed | 8,645,354 | $599M | 1.4% | 2026-Q1 |
| Legal & General Group Plc trimmed | 8,395,184 | $580M | 1.4% | 2026-Q1 |
| Federation des caisses Desjardins du Quebec trimmed | 7,727,358 | $533M | 1.3% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 6,008,689 | $416M | 1.0% | 2026-Q1 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND trimmed | 5,539,629 | $384M | 0.9% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 5,468,906 | $379M | 0.9% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 5,336,643 | $370M | 0.9% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 5,024,708 | $348M | 0.8% | 2026-Q1 |
| BARCLAYS PLC added | 5,004,525 | $347M | 0.8% | 2026-Q1 |
| Alberta Investment Management Corp added | 4,561,621 | $316M | 0.8% | 2026-Q1 |
| MORGAN STANLEY trimmed | 4,128,216 | $286M | 0.7% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP added | 4,106,717 | $284M | 0.7% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 3,967,422 | $274M | 0.7% | 2026-Q1 |
| LETKO, BROSSEAU & ASSOCIATES INC trimmed | 3,510,666 | $243M | 0.6% | 2026-Q1 |
| Amundi added | 3,303,103 | $233M | 0.6% | 2026-Q1 |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC trimmed | 3,219,293 | $223M | 0.5% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 2,959,653 | $203M | 0.5% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 2,495,771 | $173M | 0.4% | 2026-Q1 |
| DEUTSCHE BANK AG\ trimmed | 2,448,857 | $170M | 0.4% | 2026-Q1 |
| Invesco Ltd. added | 2,364,895 | $164M | 0.4% | 2026-Q1 |
| Public Sector Pension Investment Board added | 2,025,894 | $141M | 0.3% | 2026-Q1 |
| Cardinal Capital Management, Inc. added | 2,022,859 | $140M | 0.3% | 2026-Q1 |
| Clearbridge Investments, LLC trimmed | 1,977,993 | $137M | 0.3% | 2026-Q1 |
| OMERS ADMINISTRATION Corp trimmed | 1,897,415 | $131M | 0.3% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 1,884,493 | $131M | 0.3% | 2026-Q1 |
| MUFG SECURITIES (CANADA), LTD. trimmed | 1,828,607 | $127M | 0.3% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP added | 1,640,548 | $114M | 0.3% | 2026-Q1 |
| BlackRock, Inc. added | 1,503,049 | $104M | 0.2% | 2026-Q1 |
| Addenda Capital Inc. added | 1,073,598 | $104M | 0.2% | 2026-Q1 |
| Hillsdale Investment Management Inc. added | 1,293,232 | $90M | 0.2% | 2026-Q1 |
| Quadrature Capital Ltd added | 1,231,200 | $85M | 0.2% | 2026-Q1 |
| Artemis Investment Management LLP added | 1,226,186 | $85M | 0.2% | 2026-Q1 |
| UBS Group AG added | 1,224,044 | $85M | 0.2% | 2026-Q1 |
| CITIGROUP INC trimmed | 1,215,446 | $84M | 0.2% | 2026-Q1 |
| Grantham, Mayo, Van Otterloo & Co. LLC added | 1,213,514 | $84M | 0.2% | 2026-Q1 |
| Bank of New York Mellon Corp added | 1,210,163 | $84M | 0.2% | 2026-Q1 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp added | 1,184,182 | $82M | 0.2% | 2026-Q1 |
| AVIVA PLC added | 1,154,868 | $80M | 0.2% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 1,135,632 | $79M | 0.2% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 1,114,403 | $76M | 0.2% | 2026-Q1 |
| Marathon Asset Management Ltd trimmed | 1,089,394 | $75M | 0.2% | 2026-Q1 |
| SIG North Trading, ULC added | 964,746 | $67M | 0.2% | 2026-Q1 |
| NORTHERN TRUST CORP added | 896,091 | $62M | 0.1% | 2026-Q1 |
| Nuveen, LLC | 867,929 | $60M | 0.1% | 2026-Q1 |
| Korea Investment CORP added | 855,883 | $59M | 0.1% | 2026-Q1 |
| INTECH INVESTMENT MANAGEMENT LLC added | 830,164 | $57M | 0.1% | 2026-Q1 |
| Value Partners Investments Inc. trimmed | 811,628 | $56M | 0.1% | 2026-Q1 |
| Purpose Unlimited Inc. added | 780,376 | $54M | 0.1% | 2026-Q1 |
| Pictet Asset Management Holding SA trimmed | 763,160 | $53M | 0.1% | 2026-Q1 |
| CANADA LIFE ASSURANCE Co trimmed | 703,459 | $49M | 0.1% | 2026-Q1 |
| State of Tennessee, Department of Treasury trimmed | 694,701 | $48M | 0.1% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 692,738 | $48M | 0.1% | 2026-Q1 |
| BCV Asset Management Inc. trimmed | 690,268 | $48M | 0.1% | 2026-Q1 |
| Guardian Partners Inc. trimmed | 632,459 | $44M | 0.1% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 621,748 | $43M | 0.1% | 2026-Q1 |
| Zurcher Kantonalbank (Zurich Cantonalbank) added | 622,902 | $43M | 0.1% | 2026-Q1 |
| Vanguard Investments Australia, Ltd. new | 616,522 | $43M | 0.1% | 2026-Q1 |
| LINCLUDEN MANAGEMENT LTD trimmed | 577,451 | $41M | 0.1% | 2026-Q1 |
| APG Asset Management N.V. trimmed | 635,995 | $38M | 0.1% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 530,226 | $37M | 0.1% | 2026-Q1 |
| Cumberland Partners Ltd trimmed | 526,323 | $36M | 0.1% | 2026-Q1 |
| GUARDIAN CAPITAL LP trimmed | 493,081 | $34M | 0.1% | 2026-Q1 |
| AGF MANAGEMENT LTD trimmed | 352,107 | $34M | 0.1% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC trimmed | 496,524 | $34M | 0.1% | 2026-Q1 |
| JUPITER ASSET MANAGEMENT LTD trimmed | 468,719 | $32M | 0.1% | 2026-Q1 |
| Caisse de depot et placement du Quebec trimmed | 459,656 | $32M | 0.1% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 445,489 | $31M | 0.1% | 2026-Q1 |
| SEB Asset Management AB new | 436,060 | $30M | 0.1% | 2026-Q1 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 432,072 | $30M | 0.1% | 2026-Q1 |
| CANERECTOR INC | 300,000 | $29M | 0.1% | 2026-Q1 |
| INTACT INVESTMENT MANAGEMENT INC. trimmed | 392,073 | $27M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 57,237,537 | $4.2B | 10.1% | 2025-Q4 stale |
| Murchinson Ltd. added | 4,300,083 | $204M | 0.5% | 2025-Q1 stale |
| Zurich Insurance Group Ltd/FI added | 2,142,038 | $138M | 0.3% | 2025-Q3 stale |
| NICOLA WEALTH MANAGEMENT LTD. added | 1,361,500 | $100M | 0.2% | 2025-Q4 stale |
| JARISLOWSKY, FRASER Ltd trimmed | 1,242,357 | $80M | 0.2% | 2025-Q3 stale |
| Burgundy Asset Management Ltd. trimmed | 1,199,190 | $75M | 0.2% | 2025-Q3 stale |
| Scheer, Rowlett & Associates Investment Management Ltd. trimmed | 940,485 | $69M | 0.2% | 2025-Q4 stale |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 388,700 | $29M | 0.1% | 2025-Q4 stale |
| AXA S.A. added | 467,865 | $26M | 0.1% | 2025-Q2 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.