How is hedge fund similarity measured?

Similarity is computed from each fund's top conviction holdings in their latest 13F filing. Funds are scored by the overlap of distinctive shared positions (the mega-caps that nearly every fund owns are excluded), so the ranking reflects genuinely shared strategy rather than common index exposure.

Hedge Funds Similar to SCOTIA

13F Portfolio OverlapQ2 2026SCOTIA portfolio →

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Most similar hedge funds by 13F overlap

SCOTIA CAPITAL INC. is an institutional investor managing $26.8B across 915 U.S. equity positions as of Q2 2026. Based on the overlap of conviction holdings in their latest 13F filings, the hedge funds with portfolios most similar to SCOTIA are MUFG SECURITIES (CANADA), LTD., SIG North Trading, ULC, Addenda, with shared positions in $RY, $TD, $BNS, $ENB, $TRP, $BMO. The full ranking of 25 similar funds is below.

#1MUFG SECURITIES (CANADA), LTD.Active

Highly similar · 21 shared positions

$RY $TD $BNS $ENB $TRP $BMO

$3.7B

43 positions

#2SIG North Trading, ULCActive

Substantial overlap · 21 shared positions

$RY $TD $BNS $ENB $TRP $BMO

$5.4B

286 positions

#3Addenda Capital Inc.Active

Substantial overlap · 18 shared positions

$RY $TD $BNS $ENB $BMO $TRP

$3.7B

128 positions

#4CIBC WORLD MARKET INC.Passive

Substantial overlap · 20 shared positions

$RY $TD $BNS $ENB $BMO $CM

$62.3B

1,540 positions

#5BANK OF NOVA SCOTIA TRUST COActive

Substantial overlap · 18 shared positions

$RY $TD $ENB $TRP $BMO $FTS

$1.2B

173 positions

#6Tacita Capital IncPassive

Substantial overlap · 17 shared positions

$RY $TD $BNS $ENB $TRP $FTS

$184M

214 positions

#7TD Waterhouse Canada Inc.Passive

Substantial overlap · 18 shared positions

$RY $TD $ENB $BMO $BNS $CM

$38.0B

2,405 positions

#8Guardian Partners Inc.Passive

Substantial overlap · 15 shared positions

$RY $TD $BNS $ENB $BMO $CM

$1.1B

391 positions

#9LINCLUDEN MANAGEMENT LTDActive

Substantial overlap · 13 shared positions

$RY $TD $BNS $TRP $CM $BN

$1.0B

68 positions

#10PCJ Investment Counsel Ltd.Passive

Substantial overlap · 16 shared positions

$RY $TD $BNS $BMO $ENB $CM

$348M

62 positions

#11Federation des caisses Desjardins du QuebecPassive

Substantial overlap · 16 shared positions

$RY $TD $BNS $BMO $BN $TRP

$32.7B

3,021 positions

#12Scheer, Rowlett & Associates Investment Management Ltd.Active

Substantial overlap · 13 shared positions

$RY $TD $ENB $TRP $BMO $BN

$1.4B

30 positions

#13GUARDIAN CAPITAL LPActive

Substantial overlap · 16 shared positions

$RY $TD $BMO $CM $BN $CNQ

$4.1B

174 positions

#14Murchinson Ltd.Passive

Substantial overlap · 14 shared positions

$RY $TD $BMO $TRP $CM $CNI

$725M

125 positions

#15CIBC Asset Management IncPassive

Substantial overlap · 16 shared positions

$RY $TD $BMO $BNS $CM $CNI

$45.6B

1,428 positions

#16Gold Investment Management Ltd.Passive

Substantial overlap · 16 shared positions

$TD $BNS $RY $CM $BN $CNI

$369M

202 positions

#17MACKENZIE FINANCIAL CORPPassive

Substantial overlap · 16 shared positions

$RY $TD $BMO $CM $MFC $ENB

$101.2B

1,554 positions

#18Cardinal Capital Management, Inc.Active

Substantial overlap · 13 shared positions

$RY $BNS $TRP $BMO $CM $BN

$4.1B

70 positions

#19Lorne Steinberg Wealth Management Inc.Passive

Substantial overlap · 12 shared positions

$RY $TD $TRP $BMO $BNS $CM

$487M

72 positions

#201832 Asset Management L.P.Smart money

Substantial overlap · 15 shared positions

$RY $TD $BMO $ENB $BN $CNI

$199.4B

630 positions

#21INTACT INVESTMENT MANAGEMENT INC.Passive

Substantial overlap · 18 shared positions

$TD $RY $BMO $CM $CNI $MFC

$3.5B

274 positions

#22Delaney Capital Management Ltd.Active

Substantial overlap · 9 shared positions

$RY $TD $BNS $ENB $BMO $MFC

$632M

53 positions

#23Triasima Portfolio Management inc.Passive

Substantial overlap · 9 shared positions

$RY $TD $BMO $CM $FTS $CNI

$740M

127 positions

#24Purpose Unlimited Inc.Active

Substantial overlap · 17 shared positions

$RY $BNS $TD $ENB $BMO $CNQ

$2.6B

603 positions

#25Hillsdale Investment Management Inc.Passive

Substantial overlap · 15 shared positions

$RY $TD $BNS $CM $BMO $ENB

$4.4B

647 positions

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Similarity is derived from each fund’s latest 13F-HR filing with the SEC. Funds are ranked by the overlap of distinctive conviction holdings; near-universal mega-cap positions are excluded so the ranking reflects shared strategy, not common index exposure. Data is informational only and not investment advice.