BCV Asset Management Inc.

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 10, 2026), BCV Asset Management Inc. reported 116 stock positions worth $3.3 billion. Its top holding was Humana (HUM) at 5.2% of the portfolio, followed by Royal Bank of Canada (RY, 4.8%) and Brookfield (BN, 4.7%). Compared with Q1 2026, it opened 10 new positions, sold out of 14, added to 41 and reduced 47. The biggest buy was Humana (HUM, shares +12%) and the biggest sale Accenture Class A (ACN, shares −99%).

Most Recent 13F
Q2 2026
Location
WINNIPEG, A2
CIK
0002110721
Portfolio Value
$3.3B (Q2 2026)
SEC Filing
0002110721-26-000004 ↗ filed Aug 10, 2026

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q4 2025: $4.0B Q4 2025 Q1 2026: $2.9B Q1 2026 Q2 2026: $3.3B $3.3B Q2 2026

Holdings 116 stocks · $3.3B
HUM Humana Inc. 5.25% 445,719 $173.7M Add +12.1%
RY Royal Bank of Canada 4.83% 780,250 $160.0M Reduce -1.8%
BN Brookfield Corp. 4.66% 3,655,048 $154.2M Reduce -1.8%
GOOGL Alphabet Inc. Class A 4.30% 401,804 $142.4M Reduce -1.0%
MRVL Marvell Technology Inc. 3.51% 417,345 $116.2M Reduce -22.3%
BMO Bank of Montreal filed as BANK MONTREAL MEDIUM 3.42% 642,300 $113.2M Reduce -2.0%
AMAT Applied Materials Inc. 3.40% 161,516 $112.4M Reduce -24.9%
LLY Eli Lilly & Co. 3.00% 80,697 $99.5M Reduce -2.7%
CP Canadian Pacific Kansas City 2.85% 1,084,795 $94.4M Reduce -3.4%
TXN Texas Instruments Inc. 2.65% 306,656 $87.7M Reduce -1.7%
SUNC Sunococorp LLC 2.61% 1,261,725 $86.5M Add +1.5%
MSFT Microsoft Corp. 2.54% 227,873 $84.2M Add +1.3%
ABBV Abbvie Inc. 2.53% 328,038 $83.6M Reduce -2.2%
GIL Gildan Activewear Inc. 2.33% 1,493,903 $77.2M Reduce -0.1%
WCN Waste Connections Inc. 2.31% 457,046 $76.3M Add +1.5%
UNP Union Pacific Corp. 2.28% 276,791 $75.6M Reduce -2.2%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 2.26% 39,695 $74.9M Reduce -1.4%
PBA Pembina Pipeline Corp. 2.23% 1,577,026 $73.7M Reduce -1.0%
STN Stantec Inc. 2.19% 1,048,820 $72.4M Add +1.9%
FSV Firstservice Corp. 2.17% 506,534 $72.0M Add +0.5%
V Visa Inc. Class A 2.13% 205,889 $70.5M Add +0.7%
SLF Sun Life Financial Inc. 2.05% 866,769 $67.8M Reduce -1.5%
CNQ Canadian Natural Resources 2.02% 1,693,724 $66.7M Add +0.2%
UNH Unitedhealth Group Inc. 1.98% 155,800 $65.5M Add +0.3%
DE Deere & Co. 1.92% 101,151 $63.5M Reduce -9.3%
MGA Magna International Inc. 1.89% 962,137 $62.4M Reduce -0.2%
DHR Danaher Corp. 1.87% 321,266 $62.1M Add +70.1%
NEE Nextera Energy Inc. 1.79% 668,136 $59.4M Reduce -1.3%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C 1.69% 645,809 $56.0M Reduce -6.4%
ARES Ares Management Corp. Class A 1.66% 509,283 $54.9M New
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 1.33% 386,903 $44.0M Reduce -52.5%
TFII Tfi International Inc. 1.16% 266,364 $38.5M Add +3231.2%
CNI Canadian Natl Railway Co. 1.05% 288,600 $34.7M Reduce -5.9%
MCD McDonald's Corp. 0.95% 117,396 $31.4M New
AVY Avery Dennison Corp. 0.94% 190,375 $31.2M Add +6.3%
HCA HCA Healthcare Inc. 0.86% 72,694 $28.6M Reduce -40.7%
BRK.B Berkshire Hathaway Inc. Class B 0.80% 53,236 $26.5M Add +2.2%
PLD Prologis Inc. 0.78% 184,713 $25.7M Add +17.0%
TMO Thermo Fisher Scientific Inc. 0.75% 49,246 $25.0M Add +32.6%
AMZN Amazon.com Inc. 0.74% 102,071 $24.6M Add +16.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.74% 160,926 $24.4M Reduce -2.6%
SU Suncor Energy Inc. 0.63% 389,604 $21.0M Reduce -19.4%
CRH CRH PLC 0.56% 169,034 $18.4M Reduce -2.6%
FERG Ferguson Enterprises Inc. 0.55% 76,299 $18.2M Reduce -2.0%
EME Emcor Group Inc. 0.52% 21,247 $17.3M Reduce -2.0%
NOW ServiceNow Inc. 0.51% 169,765 $17.0M New
SNPS Synopsys Inc. 0.50% 36,751 $16.5M Add +3.5%
OC Owens Corning 0.49% 104,466 $16.3M Reduce -1.9%
Q Qnity Electronics Inc. 0.42% 87,207 $13.8M New
AEM Agnico Eagle Mines Ltd. 0.32% 68,640 $10.6M Reduce -3.7%
ODFL Old Dominion Freight Line 0.31% 47,113 $10.4M Reduce -37.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.28% 94,050 $9.3M Add +14.2%
CEG Constellation Energy 0.28% 35,563 $9.2M Add +29.5%
MOH Molina Healthcare Inc. 0.26% 37,443 $8.6M Add +1.4%
BKNG Booking Holdings Inc. 0.25% 44,831 $8.2M Add +1.4%
ISRG Intuitive Surgical Inc. 0.23% 18,700 $7.6M New
MKL Markel Group Inc. 0.23% 3,809 $7.5M Add +21.2%
TD Toronto-Dominion Bank 0.21% 57,251 $6.9M Reduce -27.4%
AAPL Apple Inc. 0.20% 23,979 $6.8M Reduce -2.1%
FTS Fortis Inc. 0.19% 109,041 $6.3M Reduce -0.9%
AXON Axon Enterprise Inc. 0.19% 11,988 $6.1M Add +16.1%
TRP TC Energy Corp. 0.19% 89,367 $6.1M Add +5.8%
ENB Enbridge Inc. 0.18% 109,615 $6.1M Add +4.6%
CVS CVS Health Corp. 0.18% 58,475 $6.1M Add +1.1%
CVE Cenovus Energy Inc. 0.16% 207,452 $5.2M Add +0.7%
SOBO South Bow Corp. 0.15% 141,527 $5.1M Add +5.9%
B Barrick Mining Corp. 0.14% 124,450 $4.6M Reduce -2.7%
MFC Manulife Financial Corp. 0.13% 106,606 $4.3M Add +6.1%
ADI Analog Devices Inc. 0.11% 9,426 $3.7M No change
VST Vistra Corp. 0.10% 20,322 $3.3M Add +0.6%
AXP American Express Co. 0.09% 8,380 $2.9M No change
BCE Bce Inc. 0.08% 124,215 $2.8M Reduce -7.0%
BEP Brookfield Renewable Partner 0.07% 67,889 $2.4M Add +11.8%
JPM JPMorgan Chase & Co. 0.07% 6,986 $2.3M Add +0.1%
NVDA Nvidia Corp. 0.07% 11,385 $2.2M Add +3.9%
BAC Bank of America Corp. 0.07% 37,830 $2.2M Reduce -95.7%
VOD Vodafone Group PLC-SP ADR 0.06% 148,295 $2.0M Add +1.0%
DHI D.R. Horton Inc. 0.05% 9,525 $1.6M No change
GOOG Alphabet Inc. Class C 0.04% 4,065 $1.4M Reduce -8.6%
BAM Brookfield Asset Mgmt-A 0.04% 28,592 $1.3M Add +4.1%
RTX RTX Corp. 0.03% 5,615 $1.1M Reduce -1.5%
PSLV Sprott Physical Silver Trust 0.03% 51,625 $958K Add +8.1%
EGO Eldorado Gold Corp. 0.03% 29,454 $917K New
GD General Dynamics Corp. 0.03% 2,516 $878K Reduce -2.1%
FDX FedEx Corp. 0.03% 2,660 $867K No change
TU Telus Corp. 0.02% 71,902 $777K Reduce -12.7%
BRK.A Berkshire Hathaway Inc. Class A 0.02% 1 $745K No change
XLK SS Technology Select Sector 0.02% 3,798 $706K Reduce -2.1%
AQN Algonquin Power & Utilities 0.02% 98,524 $590K Reduce -2.2%
AMD Advanced Micro Devices 0.02% 1,053 $569K No change
COST Costco Wholesale Corp. 0.02% 598 $567K Reduce -16.6%
HD Home Depot Inc. 0.01% 1,318 $463K Add +56.9%
MU Micron Technology Inc. 0.01% 398 $457K New
AOR iShares Core 60/40 Balanced 0.01% 6,438 $447K No change
JNJ Johnson & Johnson 0.01% 1,699 $440K Add +4.0%
PLAB Photronics Inc. 0.01% 13,400 $420K No change
IMO Imperial Oil Ltd. 0.01% 3,554 $403K Add +4.8%
ACN Accenture PLC Class A 0.01% 2,950 $369K Reduce -98.6%
GLD SPDR Gold Shares 0.01% 987 $365K Add +0.2%
BBY Best Buy Co. Inc. 0.01% 4,600 $358K No change

Show all 116 holdings

Portfolio Sells Q1 2026 → Q2 2026
ACN Accenture PLC Class A Reduce -98.6% 0.01% −1.41
BAC Bank of America Corp. Reduce -95.7% 0.07% −1.40
TRI Thomson Reuters Corp. Sold out 0.00% −1.32
CM Can Imperial BK of Commerce Reduce -52.5% 1.33% −1.31
BGSI Boyd Group Services Inc. Sold out 0.00% −1.31
HCA HCA Healthcare Inc. Reduce -40.7% 0.86% −1.13
GIL Gildan Activewear Inc. Reduce -0.1% 2.33% −0.52
BN Brookfield Corp. Reduce -1.8% 4.66% −0.51
SU Suncor Energy Inc. Reduce -19.4% 0.63% −0.46
NEE Nextera Energy Inc. Reduce -1.3% 1.79% −0.37
CVX Chevron Corp. Sold out 0.00% −0.35
OTIS Otis Worldwide Corp. Sold out 0.00% −0.33
DE Deere & Co. Reduce -9.3% 1.92% −0.24
PBA Pembina Pipeline Corp. Reduce -1.0% 2.23% −0.22
ODFL Old Dominion Freight Line Reduce -37.3% 0.31% −0.19
AEM Agnico Eagle Mines Ltd. Reduce -3.7% 0.32% −0.18
CP Canadian Pacific Kansas City Reduce -3.4% 2.85% −0.18
TJX TJX Companies Inc. Reduce -2.6% 0.74% −0.17
UNP Union Pacific Corp. Reduce -2.2% 2.28% −0.08
FERG Ferguson Enterprises Inc. Reduce -2.0% 0.55% −0.07
CRH CRH PLC Reduce -2.6% 0.56% −0.07
CSCO Cisco Systems Inc. Sold out 0.00% −0.06
EWW iShares MSCI Mexico ETF Sold out 0.00% −0.06
TD Toronto-Dominion Bank Reduce -27.4% 0.21% −0.04
B Barrick Mining Corp. Reduce -2.7% 0.14% −0.04
CNI Canadian Natl Railway Co. Reduce -5.9% 1.05% −0.03
BCE Bce Inc. Reduce -7.0% 0.08% −0.03
EME Emcor Group Inc. Reduce -2.0% 0.52% −0.03
FTS Fortis Inc. Reduce -0.9% 0.19% −0.02
TT Trane Technologies PLC Sold out 0.00% −0.02
EMA Emera Inc. Sold out 0.00% −0.01
TU Telus Corp. Reduce -12.7% 0.02% −0.01
SHEL Shell PLC-ADR Sold out 0.00% −0.01
HON Honeywell International Inc. Sold out 0.00% −0.01
AAPL Apple Inc. Reduce -2.1% 0.20% −0.01
NTR Nutrien Ltd. Sold out 0.00% −0.01
COST Costco Wholesale Corp. Reduce -16.6% 0.02% −0.01
IHI iShares U.S. Medical Devices Reduce -39.9% 0.01% −0.01
RTX RTX Corp. Reduce -1.5% 0.03% −0.01
EFA iShares MSCI Eafe ETF Reduce -37.5% 0.01% −0.00
GD General Dynamics Corp. Reduce -2.1% 0.03% −0.00
AQN Algonquin Power & Utilities Reduce -2.2% 0.02% −0.00
QNC Quantum Emotion Corp. Sold out 0.00% −0.00
VFF Village Farms International Sold out 0.00% −0.00
GOOG Alphabet Inc. Class C Reduce -8.6% 0.04% −0.00
LEXX Lexaria Bioscience Corp. Sold out 0.00% −0.00
GS Goldman Sachs Group Inc. Reduce -6.0% 0.01% 0.00
XLK SS Technology Select Sector Reduce -2.1% 0.02% +0.00
ABBV Abbvie Inc. Reduce -2.2% 2.53% +0.02
MGA Magna International Inc. Reduce -0.2% 1.89% +0.04

Portfolio Buys Q1 2026 → Q2 2026
HUM Humana Inc. Add +12.1% 5.25% +2.88
ARES Ares Management Corp. Class A New 1.66% +1.66
TFII Tfi International Inc. Add +3231.2% 1.16% +1.13
MCD McDonald's Corp. New 0.95% +0.95
DHR Danaher Corp. Add +70.1% 1.87% +0.64
UNH Unitedhealth Group Inc. Add +0.3% 1.98% +0.53
NOW ServiceNow Inc. New 0.51% +0.51
Q Qnity Electronics Inc. New 0.42% +0.42
ISRG Intuitive Surgical Inc. New 0.23% +0.23
TMO Thermo Fisher Scientific Inc. Add +32.6% 0.75% +0.13
AMZN Amazon.com Inc. Add +16.9% 0.74% +0.12
MOH Molina Healthcare Inc. Add +1.4% 0.26% +0.09
PLD Prologis Inc. Add +17.0% 0.78% +0.06
CVS CVS Health Corp. Add +1.1% 0.18% +0.04
AXON Axon Enterprise Inc. Add +16.1% 0.19% +0.03
EGO Eldorado Gold Corp. New 0.03% +0.03
MKL Markel Group Inc. Add +21.2% 0.23% +0.02
CEG Constellation Energy Add +29.5% 0.28% +0.02
MU Micron Technology Inc. New 0.01% +0.01
MFC Manulife Financial Corp. Add +6.1% 0.13% +0.01
SNPS Synopsys Inc. Add +3.5% 0.50% +0.01
PHYS Sprott Physical Gold Trust New 0.01% +0.01
CAT Caterpillar Inc. New 0.01% +0.01
DIS The Walt Disney Co. Add +14.2% 0.28% +0.01
MS Morgan Stanley New 0.01% +0.01
HD Home Depot Inc. Add +56.9% 0.01% +0.00
BEP Brookfield Renewable Partner Add +11.8% 0.07% +0.00
V Visa Inc. Class A Add +0.7% 2.13% +0.00
TRP TC Energy Corp. Add +5.8% 0.19% +0.00
NVDA Nvidia Corp. Add +3.9% 0.07% +0.00
SOBO South Bow Corp. Add +5.9% 0.15% −0.00
JNJ Johnson & Johnson Add +4.0% 0.01% −0.00
ORCL Oracle Corp. Add +3.0% 0.01% −0.00
JPM JPMorgan Chase & Co. Add +0.1% 0.07% −0.00
IMO Imperial Oil Ltd. Add +4.8% 0.01% −0.00
GLD SPDR Gold Shares Add +0.2% 0.01% −0.00
BAM Brookfield Asset Mgmt-A Add +4.1% 0.04% −0.00
VST Vistra Corp. Add +0.6% 0.10% −0.00
BKNG Booking Holdings Inc. Add +1.4% 0.25% −0.01
PSLV Sprott Physical Silver Trust Add +8.1% 0.03% −0.01
ENB Enbridge Inc. Add +4.6% 0.18% −0.01
VOD Vodafone Group PLC-SP ADR Add +1.0% 0.06% −0.01
SUNC Sunococorp LLC Add +1.5% 2.61% −0.02
CVE Cenovus Energy Inc. Add +0.7% 0.16% −0.03
BRK.B Berkshire Hathaway Inc. Class B Add +2.2% 0.80% −0.06
AVY Avery Dennison Corp. Add +6.3% 0.94% −0.12
WCN Waste Connections Inc. Add +1.5% 2.31% −0.20
FSV Firstservice Corp. Add +0.5% 2.17% −0.23
MSFT Microsoft Corp. Add +1.3% 2.54% −0.32
CNQ Canadian Natural Resources Add +0.2% 2.02% −0.81

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 116$3.3BHUM, RY, BN, GOOGL, MRVL
Q1 2026 120$2.9BBN, RY, GOOGL, STN, BMO
Q4 2025 73$4.0BBN, RY, GOOGL, GIL, CNQ