MD Financial Management Inc.
Reports for
The Bank of Nova Scotia
Filing Date
Global Rank
#790
/ 6,919
▼ 14
· as of Dec 2021
Top Industry
Asset Management
22.7%
Period ended 4 years ago
Filed Feb 14, 2022 · 4y
8 quarters · since Mar 2020
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Holder type
Unknown
Portfolio style
Measured from the filed 13F common-share book for Dec 31, 2021, never from the firm's own description.
Style
Concentrated
The top 10 positions are 67.8% of the book (60%+)
Turnover
Medium turnover
60.5% over the last four quarters (30% to under 100%)
Horizon
Horizon unknown
The value-weighted holding period is at least 6.2 quarters, but 59.1% of the book was already held when coverage starts
Closest benchmark: every 13F filer's combined book, active share 82.0%; sector active share 50.4% against the combined 13F book's sector weights.
Over time 8 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
297 tracked positions · as of Dec 31, 2021 · Δ vs Sep 30, 2021Top Position
25.7%
+0.5 pts
Top 5
52.3%
+0.5 pts
Top 10
67.8%
−1.6 pts
HHI
938
Diversified+16
Portfolio Trend
8 quarters · across all stocks
Sector Breakdown
As of Dec 31, 2021| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 79.7% | $3,049,480,834 |
| Financial Services | 6.7% | $256,111,020 |
| Technology | 4.3% | $165,916,302 |
| Industrials | 1.9% | $74,510,030 |
| Consumer Cyclical | 1.6% | $59,876,028 |
| Consumer Defensive | 1.5% | $57,816,150 |
| Healthcare | 1.5% | $57,648,537 |
| Utilities | 1.0% | $38,906,586 |
| Communication Services | 0.8% | $29,358,693 |
| Real Estate | 0.6% | $21,864,874 |
| Basic Materials | 0.4% | $15,863,670 |
| Energy | 0.0% | $26,521 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| ACWV | iShares Trust | +979,581 | 1,451,655 | $0 | |
| EMB | iShares J.P. Morgan USD Emerging Markets Bond ETF | +369,961 | 1,120,312 | $122,181,226 | |
| IEFA | iShares Core MSCI EAFE ETF | +364,947 | 1,720,274 | $128,401,251 | |
| — | +231,453 | 362,332 | $32,830,902 | ||
| IEMG | iShares Trust | +158,518 | 2,512,415 | $0 | |
| XLK | State Street(R) Technology Select Sector SPDR(R) ETF | +96,784 | 971,682 | $168,946,349 | |
| XLV | State Street(R) Health Care Select Sector SPDR(R) ETF | +93,791 | 238,589 | $33,614,804 | |
| XLI | State Street(R) Industrial Select Sector SPDR(R) ETF | +81,366 | 627,207 | $66,364,772 | |
| IWC | iShares Micro-Cap ETF | +37,788 | 510,755 | $71,367,796 | |
| XLY | State Street(R) Consumer Discretionary Select Sector SPDR(R) ETF | +36,631 | 431,259 | $88,166,589 | |
| EMLC | VanEck J.P. Morgan EM Local Currency Bond ETF | +28,821 | 2,919,062 | $83,485,173 | |
| CWB | State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | +27,557 | 725,751 | $60,208,302 | |
| IGF | iShares Global Infrastructure ETF | +26,078 | 3,471,770 | $165,221,534 | |
| VSS | VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP INDEX FUND | +15,042 | 908,468 | $121,698,373 | |
| VRP | Invesco Ltd. | +13,383 | 257,343 | $6,670,330 | |
| IHY | VanEck International High Yield Bond ETF | +12,072 | 163,788 | $3,953,842 | |
| EMHY | iShares J.P. Morgan EM High Yield Bond ETF | +11,901 | 226,131 | $9,741,723 | |
| PIO | Invesco Ltd. | +10,139 | 406,058 | $17,643,220 | |
| SLQD | iShares 0-5 Year Investment Grade Corporate Bond ETF | +9,441 | 216,941 | $11,074,838 | |
| HD | Home Depot, Inc. | +8,409 | 9,647 | $4,003,601 | |
| CL | Colgate Palmolive Co | +7,646 | 42,920 | $3,662,792 | |
| CSCO | Cisco Systems, Inc. | +7,067 | 63,152 | $4,001,942 | |
| C | Citigroup Inc | +6,936 | 42,095 | $2,542,117 | |
| CARR | CARRIER GLOBAL Corp | +6,694 | 34,740 | $1,884,297 | |
| CSX | Csx Corp | +5,563 | 51,613 | $1,940,648 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| VNQ | VANGUARD REAL ESTATE INDEX FUND | −601,972 | 973,740 | $112,963,577 | |
| XLE | State Street(R) Energy Select Sector SPDR(R) ETF | −351,237 | 210,339 | $11,673,814 | |
| XLC | State Street(R) Communication Services Select Sector SPDR(R) ETF | −296,276 | 555,592 | $43,158,386 | |
| VB | Vanguard Index Funds | −227,097 | 436,071 | $98,556,406 | |
| GDX | VanEck Gold Miners ETF | −149,768 | 2,685,843 | $86,027,551 | |
| — | −131,635 | 1,417,443 | $38,483,577 | ||
| GUNR | FlexShares Morningstar Global Upstream Natural Resources Index Fund | −115,986 | 3,190,957 | $126,010,891 | |
| BKLN | Invesco Ltd. | −87,809 | 3,454,839 | $76,351,941 | |
| IVV | iShares Core S&P 500 ETF | −84,598 | 126,523 | $60,350,205 | |
| F | Ford Motor Co | −84,038 | 87,345 | $1,814,155 | |
| VMBS | VANGUARD MORTGAGE-BACKED SECURITIES INDEX FUND | −73,955 | 1,358,744 | $71,796,032 | |
| SCHP | Schwab U.S. TIPS ETF | −62,657 | 1,761,987 | $110,811,362 | |
| PFF | iShares Preferred and Income Securities ETF | −48,368 | 875,399 | $34,516,982 | |
| SIL | Global X Silver Miners ETF | −42,965 | 1,025,316 | $37,608,590 | |
| ORCL | Oracle Corp | −42,943 | 843 | $73,518 | |
| GNR | State Street(R) SPDR(R) S&P(R) Global Natural Resources ETF | −40,659 | 1,141,347 | $61,587,084 | |
| FLOT | iShares Floating Rate Bond ETF | −37,670 | 889,949 | $45,147,112 | |
| XLF | State Street Corp | −35,395 | 1,201,122 | $46,903,814 | |
| BWX | Spdr Series Trust | −29,207 | 1,856,899 | $52,494,534 | |
| JNK | State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | −28,859 | 745,547 | $80,944,037 | |
| BNDX | Vanguard Total International Bond ETF | −21,445 | 805,924 | $44,454,767 | |
| AGG | iShares Core U.S. Aggregate Bond ETF | −18,920 | 1,136,797 | $129,685,801 | |
| GM | General Motors Co | −18,376 | 37,824 | $2,217,621 | |
| CGW | Invesco Ltd. | −15,366 | 345,459 | $20,945,179 | |
| LIT | Global X Lithium and Battery Tech ETF | −14,358 | 206,520 | $17,438,548 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| TSLA | Tesla, Inc. | 6,108 | $6,454,812 | |
| IT | Gartner Inc | 10,936 | $3,656,123 | |
| FTNT | Fortinet, Inc. | 9,654 | $3,469,647 | |
| WST | West Pharmaceutical Services Inc | 7,015 | $3,290,105 | |
| — | 11,931 | $3,013,651 | ||
| MRNA | Moderna, Inc. | 11,589 | $2,943,374 | |
| STX | Seagate Technology Holdings plc | 23,824 | $2,691,635 | |
| NTAP | NetApp, Inc. | 28,424 | $2,614,723 | |
| LHX | L3harris Technologies, Inc. | 10,932 | $2,331,139 | |
| L | Loews Corp | 28,856 | $1,666,722 | |
| MUB | iShares National Muni Bond ETF | 3,631 | $422,212 | |
| VOO | VANGUARD 500 INDEX FUND | 487 | $212,609 | |
| VONG | VANGUARD RUSSELL 1000 GROWTH INDEX FUND | 2,610 | $204,989 | |
| — | 2,308 | $161,721 | ||
| VOE | VANGUARD MID-CAP VALUE INDEX FUND | 669 | $100,570 | |
| — | 768 | $88,488 | ||
| AVGO | Broadcom Inc. | 108 | $71,864 | |
| IWS | iShares Russell Mid-Cap Value ETF | 577 | $70,613 | |
| SCHC | Schwab International Small-Cap Equity ETF | 936 | $38,310 | |
| SCZ | iShares MSCI EAFE Small-Cap ETF | 392 | $28,651 | |
| VBR | VANGUARD SMALL-CAP VALUE INDEX FUND | 158 | $28,258 | |
| VBK | VANGUARD SMALL-CAP GROWTH INDEX FUND | 71 | $20,007 | |
| — | 105 | $17,435 | ||
| IWO | iShares Russell 2000 Growth ETF | 46 | $13,480 | |
| VONV | VANGUARD RUSSELL 1000 VALUE INDEX FUND | 148 | $10,913 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
19 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| ORLY | O Reilly Automotive Inc | 5,738 | $3,506,259 | |
| LOW | Lowes Companies Inc | 11,562 | $2,345,467 | |
| SWKS | Skyworks Solutions, Inc. | 13,222 | $2,178,721 | |
| PEG | Public Service Enterprise Group Inc | 33,100 | $2,015,790 | |
| HRL | Hormel Foods Corp | 40,463 | $1,658,983 | |
| AFG | American Financial Group Inc | 9,007 | $1,133,350 | |
| NEM | NEWMONT Corp | 622 | $33,774 | |
| IFF | International Flavors & Fragrances Inc | 79 | $10,563 | |
| STZ | Constellation Brands, Inc. | 45 | $9,481 | |
| IBM | International Business Machines Corp | 48 | $6,668 | |
| PDS | PRECISION DRILLING Corp | 139 | $5,616 | |
| WFC | Wells Fargo & Company | 105 | $4,873 | |
| CVX | Chevron Corp | 48 | $4,869 | |
| — | 50 | $3,736 | ||
| VTRS | Viatris Inc | 248 | $3,360 | |
| OGN | Organon & Co. | 100 | $3,279 | |
| — | 15 | $1,657 | ||
| — | 266 | $0 | ||
| — | 158 | $0 | ||
| No positions match the current search. | ||||
297 tracked positions ·
$3,827,379,245 total
· filing declares
303 positions · $4,148,811,000
· as of Dec 31, 2021
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 297 positions by value
· page 1 of 6
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| XLK |
State Street(R) Technology Select Sector SPDR(R) ETF
|
Added | 971,682 | $168,946,349 | 4.41% | |
| IGF |
iShares Global Infrastructure ETF
|
Added | 3,471,770 | $165,221,534 | 4.32% | |
| GOVT |
iShares U.S. Treasury Bond ETF
|
Held | 5,944,181 | $158,590,749 | 4.14% | |
| AGG |
iShares Core U.S. Aggregate Bond ETF
|
Reduced | 1,136,797 | $129,685,801 | 3.39% | |
| IEFA |
iShares Core MSCI EAFE ETF
|
Added | 1,720,274 | $128,401,251 | 3.35% | |
| GUNR |
FlexShares Morningstar Global Upstream Natural Resources Index Fund
|
Reduced | 3,190,957 | $126,010,891 | 3.29% | |
| EMB |
iShares J.P. Morgan USD Emerging Markets Bond ETF
|
Added | 1,120,312 | $122,181,226 | 3.19% | |
| VSS |
VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP INDEX FUND
|
Added | 908,468 | $121,698,373 | 3.18% | |
| VNQ |
VANGUARD REAL ESTATE INDEX FUND
|
Reduced | 973,740 | $112,963,577 | 2.95% | |
| SCHP |
Schwab U.S. TIPS ETF
|
Reduced | 1,761,987 | $110,811,362 | 2.90% | |
| VB |
Vanguard Index Funds
|
Reduced | 436,071 | $98,556,406 | 2.58% | |
| RWX |
State Street(R) SPDR(R) Dow Jones(R) International Real Estate ETF
|
Reduced | 2,477,388 | $88,195,012 | 2.30% | |
| XLY |
State Street(R) Consumer Discretionary Select Sector SPDR(R) ETF
|
Added | 431,259 | $88,166,589 | 2.30% | |
| GDX |
VanEck Gold Miners ETF
|
Reduced | 2,685,843 | $86,027,551 | 2.25% | |
| EMLC |
VanEck J.P. Morgan EM Local Currency Bond ETF
|
Added | 2,919,062 | $83,485,173 | 2.18% | |
| JNK |
State Street(R) SPDR(R) Bloomberg High Yield Bond ETF
|
Reduced | 745,547 | $80,944,037 | 2.11% | |
| BKLN |
Invesco Ltd.
Financial Services
|
Reduced | 3,454,839 | $76,351,941 | 1.99% | |
| VMBS |
VANGUARD MORTGAGE-BACKED SECURITIES INDEX FUND
|
Reduced | 1,358,744 | $71,796,032 | 1.88% | |
| IWC |
iShares Micro-Cap ETF
|
Added | 510,755 | $71,367,796 | 1.86% | |
| MOO |
VanEck Agribusiness ETF
|
Reduced | 729,633 | $69,621,580 | 1.82% | |
| XLI |
State Street(R) Industrial Select Sector SPDR(R) ETF
|
Added | 627,207 | $66,364,772 | 1.73% | |
| GNR |
State Street(R) SPDR(R) S&P(R) Global Natural Resources ETF
|
Reduced | 1,141,347 | $61,587,084 | 1.61% | |
| IVV |
iShares Core S&P 500 ETF
|
Reduced | 126,523 | $60,350,205 | 1.58% | |
| CWB |
State Street(R) SPDR(R) Bloomberg Convertible Securities ETF
|
Added | 725,751 | $60,208,302 | 1.57% | |
| SPY |
Spdr S&P 500 ETF Trust
|
Held | 122,991 | $58,415,805 | 1.53% | |
| BWX |
Spdr Series Trust
|
Reduced | 1,856,899 | $52,494,534 | 1.37% | |
| GLD |
Spdr Gold Trust
|
Reduced | 276,985 | $47,353,355 | 1.24% | |
| XLF |
State Street Corp
Financial Services
|
Reduced | 1,201,122 | $46,903,814 | 1.23% | |
| SLV |
iShares Silver Trust
|
Reduced | 2,140,225 | $46,036,239 | 1.20% | |
| FLOT |
iShares Floating Rate Bond ETF
|
Reduced | 889,949 | $45,147,112 | 1.18% | |
| BNDX |
Vanguard Total International Bond ETF
|
Reduced | 805,924 | $44,454,767 | 1.16% | |
| XLC |
State Street(R) Communication Services Select Sector SPDR(R) ETF
|
Reduced | 555,592 | $43,158,386 | 1.13% | |
| AAPL |
Apple Inc.
Technology
|
Reduced | 231,192 | $41,052,763 | 1.07% | |
|
|
Reduced | 1,417,443 | $38,483,577 | 1.01% | ||
| PHO |
Victory Portfolios II
|
Reduced | 631,298 | $38,408,170 | 1.00% | |
| SIL |
Global X Silver Miners ETF
|
Reduced | 1,025,316 | $37,608,590 | 0.98% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 103,268 | $34,731,093 | 0.91% | |
| PFF |
iShares Preferred and Income Securities ETF
|
Reduced | 875,399 | $34,516,982 | 0.90% | |
| XLV |
State Street(R) Health Care Select Sector SPDR(R) ETF
|
Added | 238,589 | $33,614,804 | 0.88% | |
| USIG |
iShares Broad USD Investment Grade Corporate Bond ETF
|
Reduced | 560,101 | $33,460,433 | 0.87% | |
|
|
Added | 362,332 | $32,830,902 | 0.86% | ||
| WOOD |
iShares Global Timber & Forestry ETF
|
Reduced | 248,472 | $22,856,939 | 0.60% | |
| CGW |
Invesco Ltd.
Financial Services
|
Reduced | 345,459 | $20,945,179 | 0.55% | |
| FIW |
First Trust Water ETF
|
Added | 205,804 | $19,510,219 | 0.51% | |
| WIP |
State Street(R) SPDR(R) FTSE International Government Inflation-Protected Bond ETF
|
Added | 341,395 | $18,370,464 | 0.48% | |
| PIO |
Invesco Ltd.
Financial Services
|
Added | 406,058 | $17,643,220 | 0.46% | |
| LIT |
Global X Lithium and Battery Tech ETF
|
Reduced | 206,520 | $17,438,548 | 0.46% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Reduced | 4,817 | $16,061,515 | 0.42% | |
| XLE |
State Street(R) Energy Select Sector SPDR(R) ETF
|
Reduced | 210,339 | $11,673,814 | 0.31% | |
| SLQD |
iShares 0-5 Year Investment Grade Corporate Bond ETF
|
Added | 216,941 | $11,074,838 | 0.29% |
Showing the top 50 of 297 positions. Create a free account to see every position, past quarters, search, filters and CSV export.
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.