Nexus Investment Management ULC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 20, 2026), Nexus Investment Management ULC reported 72 stock positions worth $766.9 million. Its top holding was JPMorgan Chase (JPM) at 7.7% of the portfolio, followed by Alphabet Class C (GOOG, 7.4%) and American Electric Power (AEP, 6.9%). Compared with Q1 2026, it opened 3 new positions, sold out of 2 and reduced 27. The biggest buy was a new position in Arthur J Gallagher (AJG) and the biggest sale Pfizer (PFE, shares −1%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001476329
Portfolio Value
$766.9M (Q2 2026)
SEC Filing
0000945621-26-000939 ↗ filed Jul 20, 2026

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.0B Q1 2024 Q2 2024: $952.1M Q2 2024 Q3 2024: $1.0B Q3 2024 Q4 2024: $999.7M Q4 2024 Q1 2025: $883.6M Q1 2025 Q2 2025: $669.2M Q2 2025 Q3 2025: $704.4M Q3 2025 Q4 2025: $733.8M Q4 2025 Q1 2026: $715.1M Q1 2026 Q2 2026: $766.9M $766.9M Q2 2026

Holdings 72 stocks · $766.9M
JPM JPMorgan Chase & Co. 7.70% 180,374 $59.0M Reduce -3.2%
GOOG Alphabet Inc. Class C 7.37% 159,935 $56.5M Reduce -3.2%
AEP American Electric Power 6.92% 388,079 $53.1M Reduce -1.4%
C Citigroup Inc. 6.76% 370,573 $51.9M Reduce -3.3%
ROST Ross Stores Inc. 6.54% 235,752 $50.2M Reduce -3.0%
CSCO Cisco Systems Inc. 6.39% 417,202 $49.0M Reduce -33.8%
META Meta Platforms Inc. Class A 4.62% 62,960 $35.5M Reduce -2.8%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 4.48% 149,765 $34.4M New
TMO Thermo Fisher Scientific Inc. 4.33% 66,292 $33.2M Reduce -1.0%
DG Dollar General Corp. 4.17% 277,540 $31.9M Reduce -1.5%
GILD Gilead Sciences Inc. 4.14% 251,016 $31.7M Reduce -1.4%
TXN Texas Instruments Inc. 4.01% 103,296 $30.8M Reduce -3.9%
MSFT Microsoft Corp. 3.71% 76,222 $28.4M Reduce -0.2%
EOG EOG Resources Inc. 3.52% 207,873 $27.0M Reduce -0.8%
PFE Pfizer Inc. 3.21% 1,023,770 $24.7M Reduce -0.7%
MS Morgan Stanley 3.19% 117,027 $24.5M Reduce -2.3%
KMX Carmax Inc. 3.17% 459,315 $24.3M Reduce -1.2%
MDT Medtronic PLC 3.10% 303,568 $23.7M Reduce -0.9%
FERG Ferguson Enterprises Inc. 3.00% 96,871 $23.0M Reduce -3.2%
UPS United Parcel Service Class B 2.99% 213,211 $22.9M Reduce -3.8%
V Visa Inc. Class A 2.70% 60,393 $20.7M Reduce -3.1%
GLW Corning Inc. 0.46% 13,725 $3.5M Reduce -70.4%
HON Honeywell International Inc. 0.44% 15,215 $3.4M Reduce -0.1%
HONA Honeywell Aerospace Inc. 0.44% 15,215 $3.4M Reduce -0.1%
UNP Union Pacific Corp. 0.42% 11,706 $3.2M No change
KR Kroger Co. 0.32% 44,010 $2.4M Reduce -0.6%
JNJ Johnson & Johnson 0.28% 8,381 $2.1M No change
GOOGL Alphabet Inc. Class A 0.20% 4,360 $1.6M No change
DHR Danaher Corp. 0.18% 7,355 $1.4M No change
CVX Chevron Corp. 0.14% 6,386 $1.1M No change
LLY Eli Lilly & Co. 0.12% 769 $922K Reduce -3.8%
ABBV Abbvie Inc. 0.11% 3,456 $870K No change
XOM Exxon Mobil Corp. 0.10% 5,794 $792K No change
CSX CSX Corp. 0.10% 15,840 $753K No change
VZ Verizon Communications Inc. 0.08% 15,110 $640K No change
EXC Exelon Corp. 0.07% 11,307 $527K No change
MRK Merck & Co. Inc. 0.06% 3,735 $480K No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.06% 3,740 $425K No change
T AT&T Inc. 0.05% 17,210 $356K No change
BAC Bank of America Corp. 0.04% 5,350 $305K No change
PG The Procter & Gamble Co. 0.03% 1,800 $264K No change
KMB Kimberly-Clark Corp. 0.03% 2,134 $234K No change
ABT Abbott Laboratories 0.03% 2,490 $226K No change
BIIB Biogen Inc. 0.03% 920 $199K No change
FSV Firstservice Corp. 0.02% 1,000 $142K No change
PRAA Pra Group Inc. 0.02% 6,270 $119K Reduce -2.8%
MA Mastercard Inc. Class A 0.01% 195 $100K No change
COST Costco Wholesale Corp. 0.01% 100 $94K No change
CL Colgate-Palmolive Co. 0.01% 966 $89K No change
B Barrick Mining Corp. 0.01% 2,300 $84K No change
EFA iShares MSCI Eafe ETF 0.01% 750 $78K Reduce -98.5%
WMT Walmart Inc. 0.01% 555 $63K No change
NEM Newmont Corp. 0.01% 650 $61K No change
ORCL Oracle Corp. 0.01% 400 $59K No change
BMY Bristol-Myers Squibb Co. 0.01% 953 $55K No change
FNV Franco-Nevada Corp. 0.01% 250 $52K No change
AUGO Aura Minerals Inc. 0.01% 795 $50K No change
VLTO Veralto Corp. 0.01% 534 $47K No change
AXP American Express Co. 0.01% 125 $42K No change
BHC Bausch Health Cos Inc. 0.01% 8,500 $42K No change
SLV iShares Silver Trust 0.01% 750 $40K No change
VEA Vanguard Ftse Developed ETF 0.00% 500 $36K New
NVS Novartis AG-Sponsored ADR 0.00% 220 $34K No change
GDXJ Vaneck Junior Gold Miners 0.00% 350 $34K No change
BRK.B Berkshire Hathaway Inc. Class B 0.00% 61 $31K No change
VWO Vanguard Ftse Emerging Marke 0.00% 425 $25K New
BDX Becton Dickinson and Co. 0.00% 150 $23K No change
AAPL Apple Inc. 0.00% 60 $17K No change
WAT Waters Corp. 0.00% 20 $8K No change
HQH Abrdn Healthcare Investors 0.00% 101 $2K No change
CB144A Appvion Esc Npv 0.00% 1 $2K No change
HQL Abrdn Life Sciences Investor 0.00% 32 $640 No change

Portfolio Sells Q1 2026 → Q2 2026
PFE Pfizer Inc. Reduce -0.7% 3.21% −0.83
GILD Gilead Sciences Inc. Reduce -1.4% 4.14% −0.83
ROST Ross Stores Inc. Reduce -3.0% 6.54% −0.82
EOG EOG Resources Inc. Reduce -0.8% 3.52% −0.72
EFA iShares MSCI Eafe ETF Reduce -98.5% 0.01% −0.69
MDT Medtronic PLC Reduce -0.9% 3.10% −0.61
META Meta Platforms Inc. Class A Reduce -2.8% 4.62% −0.56
HON Honeywell International Inc. Reduce -0.1% 0.44% −0.52
DG Dollar General Corp. Reduce -1.5% 4.17% −0.51
CSCO Cisco Systems Inc. Reduce -33.8% 6.39% −0.44
GLW Corning Inc. Reduce -70.4% 0.46% −0.42
AEP American Electric Power Reduce -1.4% 6.92% −0.29
TMO Thermo Fisher Scientific Inc. Reduce -1.0% 4.33% −0.27
FERG Ferguson Enterprises Inc. Reduce -3.2% 3.00% −0.27
MSFT Microsoft Corp. Reduce -0.2% 3.71% −0.24
KR Kroger Co. Reduce -0.6% 0.32% −0.13
EEM iShares MSCI Emerging Market Sold out 0.00% −0.12
UPS United Parcel Service Class B Reduce -3.8% 2.99% −0.06
HONA Honeywell Aerospace Inc. Reduce -0.1% 0.44% −0.03
EIX Edison International Sold out 0.00% −0.02
PRAA Pra Group Inc. Reduce -2.8% 0.02% −0.00
LLY Eli Lilly & Co. Reduce -3.8% 0.12% +0.02
JPM JPMorgan Chase & Co. Reduce -3.2% 7.70% +0.03
V Visa Inc. Class A Reduce -3.1% 2.70% +0.07
MS Morgan Stanley Reduce -2.3% 3.19% +0.43
KMX Carmax Inc. Reduce -1.2% 3.17% +0.47
C Citigroup Inc. Reduce -3.3% 6.76% +0.69
GOOG Alphabet Inc. Class C Reduce -3.2% 7.37% +0.74
TXN Texas Instruments Inc. Reduce -3.9% 4.01% +1.10

Portfolio Buys Q1 2026 → Q2 2026
AJG Arthur J Gallagher & Co. New 4.48% +4.48
VEA Vanguard Ftse Developed ETF New 0.00% +0.00
VWO Vanguard Ftse Emerging Marke New 0.00% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 72$766.9MJPM, GOOG, AEP, C, ROST
Q1 2026 70$715.1MJPM, ROST, AEP, CSCO, GOOG
Q4 2025 70$733.8MGOOG, JPM, CSCO, C, AEP
Q3 2025 70$704.4MJPM, GOOG, META, C, CSCO
Q2 2025 80$669.2MMETA, JPM, CSCO, C, AEP
Q1 2025 75$883.6MJPM, META, AEP, CSCO, C
Q4 2024 69$999.7MRY, JPM, META, GOOG, TD
Q3 2024 72$1.0BRY, META, TD, JPM, BIP
Q2 2024 74$952.1MRY, JPM, META, TD, MSFT
Q1 2024 76$1.0BJPM, RY, TD, META, ROST