- Today
- Holidays
- Birthdays
- Reminders
- Cities
- Atlanta
- Austin
- Baltimore
- Berwyn
- Beverly Hills
- Birmingham
- Boston
- Brooklyn
- Buffalo
- Charlotte
- Chicago
- Cincinnati
- Cleveland
- Columbus
- Dallas
- Denver
- Detroit
- Fort Worth
- Houston
- Indianapolis
- Knoxville
- Las Vegas
- Los Angeles
- Louisville
- Madison
- Memphis
- Miami
- Milwaukee
- Minneapolis
- Nashville
- New Orleans
- New York
- Omaha
- Orlando
- Philadelphia
- Phoenix
- Pittsburgh
- Portland
- Raleigh
- Richmond
- Rutherford
- Sacramento
- Salt Lake City
- San Antonio
- San Diego
- San Francisco
- San Jose
- Seattle
- Tampa
- Tucson
- Washington
Reston Today
By the People, for the People
Bank of Nova Scotia Reduces Stake in General Dynamics Corporation
Institutional investor sold over 51,000 shares of aerospace and defense company in Q3
Mar. 17, 2026 at 7:24am
Got story updates? Submit your updates here. ›
Bank of Nova Scotia, an institutional investor, reduced its stake in General Dynamics Corporation (NYSE:GD) by 35.4% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The bank now owns 94,619 shares of the aerospace company's stock, down from 146,519 shares previously.
Why it matters
General Dynamics is a major defense contractor that produces a wide range of military equipment and systems. Shifts in institutional ownership of its stock can signal changes in investor sentiment or expectations around the company's performance and outlook.
The details
According to the 13F filing, Bank of Nova Scotia sold 51,900 shares of General Dynamics stock during the third quarter. The bank's remaining stake in the company is now valued at $32,265,000. General Dynamics' stock price has fluctuated in recent quarters, trading between a 52-week low of $239.20 and a high of $369.70.
- Bank of Nova Scotia reduced its General Dynamics stake in the third quarter of 2026.
The players
Bank of Nova Scotia
A major Canadian financial institution and institutional investor.
General Dynamics Corporation
A leading American aerospace and defense contractor that designs, manufactures, and supports a broad range of military and commercial products.
The takeaway
The reduction in Bank of Nova Scotia's General Dynamics stake suggests a potential shift in investor sentiment around the defense contractor's outlook, though the overall reasons behind the sale are not fully clear from the limited information provided. Continued monitoring of institutional ownership changes and market performance will be important to assess the broader implications.
