Bank of Nova Scotia Increases Stake in Qualcomm

The Canadian bank now owns nearly 473,000 shares of the wireless technology company.

Mar. 16, 2026 at 7:53am

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Bank of Nova Scotia increased its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 19.8% in the 3rd quarter, according to the company's latest SEC filing. The institutional investor now owns 472,902 shares of the wireless technology company's stock, worth approximately $78.7 million.

Why it matters

Qualcomm is a major player in the wireless technology industry, and institutional investors closely monitor changes in ownership of the company's stock. Bank of Nova Scotia's increased stake suggests the bank sees value in Qualcomm's business and future prospects.

The details

According to the filing, Bank of Nova Scotia acquired an additional 78,123 shares of Qualcomm during the 3rd quarter, bringing its total holdings to nearly 473,000 shares. Qualcomm is a global semiconductor and telecommunications equipment company known for its development of wireless technologies and central role in the evolution of digital cellular standards.

  • Bank of Nova Scotia increased its stake in Qualcomm during the 3rd quarter of 2026.

The players

Bank of Nova Scotia

A Canadian multinational banking and financial services company headquartered in Toronto.

Qualcomm Incorporated

A global semiconductor and telecommunications equipment company headquartered in San Diego, California, known for its development of wireless technologies.

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The takeaway

Qualcomm's stock remains an attractive investment for institutional investors like Bank of Nova Scotia, who see value in the company's leading position in the wireless technology industry and its potential for future growth.