Nexus Investment Management ULC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 20, 2026), Nexus Investment Management ULC reported 70 stock positions worth $715.1 million. Its top holding was JPMorgan Chase (JPM) at 7.7% of the portfolio, followed by Ross Stores (ROST, 7.4%) and American Electric Power (AEP, 7.2%). Compared with Q4 2025, it opened 5 new positions, sold out of 5, added to 11 and reduced 19. The biggest buy was EOG Resources (EOG, shares +0%) and the biggest sale Alphabet Class C (GOOG, shares −20%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001476329
Portfolio Value
$715.1M (Q1 2026)
SEC Filing
0000945621-26-000587 ↗ filed Apr 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 $715.1M Q1 2026 Q2 2026: $766.9M Q2 2026

Holdings 70 stocks · $715.1M
JPM JPMorgan Chase & Co. 7.67% 186,379 $54.8M Reduce -1.6%
ROST Ross Stores Inc. 7.36% 242,942 $52.6M Reduce -2.1%
AEP American Electric Power 7.22% 393,684 $51.6M Add +0.2%
CSCO Cisco Systems Inc. 6.83% 629,842 $48.9M Reduce -2.1%
GOOG Alphabet Inc. Class C 6.63% 165,205 $47.4M Reduce -20.2%
C Citigroup Inc. 6.08% 383,198 $43.5M Reduce -1.8%
META Meta Platforms Inc. Class A 5.18% 64,782 $37.1M Reduce -1.3%
GILD Gilead Sciences Inc. 4.96% 254,722 $35.5M Reduce -1.2%
DG Dollar General Corp. 4.68% 281,849 $33.5M Reduce -1.1%
TMO Thermo Fisher Scientific Inc. 4.60% 66,972 $32.9M Reduce -0.5%
EOG EOG Resources Inc. 4.23% 209,473 $30.3M Add +0.3%
PFE Pfizer Inc. 4.05% 1,030,855 $28.9M Add +4.0%
MSFT Microsoft Corp. 3.95% 76,352 $28.3M Add +0.9%
MDT Medtronic PLC 3.71% 306,193 $26.5M Add +4.2%
FERG Ferguson Enterprises Inc. 3.26% 100,031 $23.3M Reduce -0.3%
UPS United Parcel Service Class B 3.05% 221,656 $21.8M Add +0.1%
TXN Texas Instruments Inc. 2.92% 107,526 $20.9M Add +0.4%
MS Morgan Stanley 2.76% 119,778 $19.7M Add +2.4%
KMX Carmax Inc. 2.70% 464,815 $19.3M Add +2.6%
V Visa Inc. Class A 2.63% 62,343 $18.8M Add +4.7%
HON Honeywell International Inc. 0.96% 30,474 $6.9M No change
GLW Corning Inc. 0.88% 46,325 $6.3M Reduce -37.4%
EFA iShares MSCI Eafe ETF 0.70% 51,250 $5.0M Add +41.8%
KR Kroger Co. 0.45% 44,265 $3.2M Reduce -8.8%
UNP Union Pacific Corp. 0.40% 11,706 $2.8M No change
JNJ Johnson & Johnson 0.29% 8,381 $2.0M Reduce -11.1%
DHR Danaher Corp. 0.20% 7,355 $1.4M No change
CVX Chevron Corp. 0.18% 6,386 $1.3M Reduce -16.4%
GOOGL Alphabet Inc. Class A 0.18% 4,360 $1.3M Reduce -37.0%
XOM Exxon Mobil Corp. 0.14% 5,794 $983K No change
EEM iShares MSCI Emerging Market 0.12% 15,000 $852K New
VZ Verizon Communications Inc. 0.11% 15,110 $759K Reduce -3.2%
ABBV Abbvie Inc. 0.11% 3,456 $752K No change
LLY Eli Lilly & Co. 0.10% 799 $735K No change
CSX CSX Corp. 0.09% 15,840 $650K No change
EXC Exelon Corp. 0.08% 11,307 $554K Reduce -12.1%
T AT&T Inc. 0.07% 17,210 $499K No change
MRK Merck & Co. Inc. 0.06% 3,735 $449K No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.05% 3,740 $337K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 5,350 $261K No change
PG The Procter & Gamble Co. 0.04% 1,800 $260K No change
ABT Abbott Laboratories 0.04% 2,490 $256K No change
KMB Kimberly-Clark Corp. 0.03% 2,134 $206K Reduce -17.4%
BIIB Biogen Inc. 0.02% 920 $169K No change
EIX Edison International 0.02% 2,269 $166K Reduce -39.0%
FSV Firstservice Corp. 0.02% 1,000 $139K No change
PRAA Pra Group Inc. 0.02% 6,450 $113K No change
COST Costco Wholesale Corp. 0.01% 100 $100K No change
MA Mastercard Inc. Class A 0.01% 195 $97K No change
B Barrick Mining Corp. 0.01% 2,300 $94K No change
CL Colgate-Palmolive Co. 0.01% 966 $82K No change
NEM Newmont Corp. 0.01% 650 $70K No change
WMT Walmart Inc. 0.01% 555 $69K No change
AUGO Aura Minerals Inc. 0.01% 795 $65K New
FNV Franco-Nevada Corp. 0.01% 250 $62K No change
ORCL Oracle Corp. 0.01% 400 $59K No change
BMY Bristol-Myers Squibb Co. 0.01% 953 $58K No change
SLV iShares Silver Trust 0.01% 750 $51K No change
VLTO Veralto Corp. 0.01% 534 $47K No change
BHC Bausch Health Cos Inc. 0.01% 8,500 $46K No change
GDXJ Vaneck Junior Gold Miners 0.01% 350 $42K No change
AXP American Express Co. 0.01% 125 $38K No change
NVS Novartis AG-Sponsored ADR 0.00% 220 $34K No change
BRK.B Berkshire Hathaway Inc. Class B 0.00% 61 $29K No change
BDX Becton Dickinson and Co. 0.00% 150 $24K No change
AAPL Apple Inc. 0.00% 60 $15K No change
WAT Waters Corp. 0.00% 20 $6K New
HQH Abrdn Healthcare Investors 0.00% 101 $2K New
CB144A Appvion Esc Npv 0.00% 1 $2K No change
HQL Abrdn Life Sciences Investor 0.00% 32 $521 New

Portfolio Sells Q4 2025 → Q1 2026
GOOG Alphabet Inc. Class C Reduce -20.2% 6.63% −2.23
META Meta Platforms Inc. Class A Reduce -1.3% 5.18% −0.72
TMO Thermo Fisher Scientific Inc. Reduce -0.5% 4.60% −0.71
JPM JPMorgan Chase & Co. Reduce -1.6% 7.67% −0.65
DG Dollar General Corp. Reduce -1.1% 4.68% −0.47
C Citigroup Inc. Reduce -1.8% 6.08% −0.13
GOOGL Alphabet Inc. Class A Reduce -37.0% 0.18% −0.12
SOLS Solstice Adv Materials Inc. Sold out 0.00% −0.05
VEA Vanguard Ftse Developed ETF Sold out 0.00% −0.03
VWO Vanguard Ftse Emerging Marke Sold out 0.00% −0.02
EIX Edison International Reduce -39.0% 0.02% −0.01
KMB Kimberly-Clark Corp. Reduce -17.4% 0.03% −0.01
PEP Pepsico Inc. Sold out 0.00% −0.00
ACN Accenture PLC Class A Sold out 0.00% −0.00
GLW Corning Inc. Reduce -37.4% 0.88% −0.00
EXC Exelon Corp. Reduce -12.1% 0.08% +0.00
VZ Verizon Communications Inc. Reduce -3.2% 0.11% +0.02
JNJ Johnson & Johnson Reduce -11.1% 0.29% +0.02
CVX Chevron Corp. Reduce -16.4% 0.18% +0.03
KR Kroger Co. Reduce -8.8% 0.45% +0.03
CSCO Cisco Systems Inc. Reduce -2.1% 6.83% +0.08
FERG Ferguson Enterprises Inc. Reduce -0.3% 3.26% +0.22
GILD Gilead Sciences Inc. Reduce -1.2% 4.96% +0.65
ROST Ross Stores Inc. Reduce -2.1% 7.36% +1.27

Portfolio Buys Q4 2025 → Q1 2026
EOG EOG Resources Inc. Add +0.3% 4.23% +1.25
AEP American Electric Power Add +0.2% 7.22% +1.04
PFE Pfizer Inc. Add +4.0% 4.05% +0.68
TXN Texas Instruments Inc. Add +0.4% 2.92% +0.39
KMX Carmax Inc. Add +2.6% 2.70% +0.32
EFA iShares MSCI Eafe ETF Add +41.8% 0.70% +0.22
EEM iShares MSCI Emerging Market New 0.12% +0.12
UPS United Parcel Service Class B Add +0.1% 3.05% +0.06
AUGO Aura Minerals Inc. New 0.01% +0.01
WAT Waters Corp. New 0.00% +0.00
HQH Abrdn Healthcare Investors New 0.00% +0.00
HQL Abrdn Life Sciences Investor New 0.00% +0.00
MS Morgan Stanley Add +2.4% 2.76% −0.07
MDT Medtronic PLC Add +4.2% 3.71% −0.14
V Visa Inc. Class A Add +4.7% 2.63% −0.21
MSFT Microsoft Corp. Add +0.9% 3.95% −1.03

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