QV Investors Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 21, 2026), QV Investors Inc. reported 68 stock positions worth $1.3 billion. Its top holding was Sunococorp (SUNC) at 5.5% of the portfolio, followed by Canadian Natl Railway (CNI, 5.4%) and Royal Bank of Canada (RY, 5.2%). Compared with Q1 2026, it opened 3 new positions, added to 12 and reduced 50. The biggest buy was Stantec (STN, shares +219%) and the biggest sale Merck (MRK, shares −86%).
- Most Recent 13F
- Q2 2026
- Location
- CALGARY, A0
- CIK
- 0001570253
- Portfolio Value
- $1.3B (Q2 2026)
- SEC Filing
- 0001570253-26-000003 ↗ filed Jul 21, 2026
Holdings Value
Holdings 68 stocks · $1.3B
| SUNC Sunococorp LLC | 5.48% | 1,052,334 | $71.2M | Reduce -10.2% |
| CNI Canadian Natl Railway Co. | 5.43% | 591,760 | $70.6M | Reduce -4.0% |
| RY Royal Bank of Canada | 5.20% | 326,549 | $67.6M | Reduce -20.8% |
| CP Canadian Pacific Kansas City | 4.56% | 683,546 | $59.2M | Reduce -4.1% |
| GIB Cgi Inc. | 4.52% | 908,728 | $58.7M | Add +31.2% |
| TD Toronto-Dominion Bank | 3.69% | 394,545 | $48.0M | Reduce -14.5% |
| FTS Fortis Inc. | 3.62% | 822,277 | $47.1M | Reduce -3.6% |
| TFII Tfi International Inc. | 3.50% | 316,026 | $45.5M | Reduce -21.3% |
| FNV Franco-Nevada Corp. | 3.40% | 211,562 | $44.1M | Reduce -4.7% |
| EMA Emera Inc. | 3.05% | 747,226 | $39.6M | Reduce -4.5% |
| SLF Sun Life Financial Inc. | 2.94% | 487,300 | $38.2M | Reduce -5.7% |
| ENB Enbridge Inc. | 2.90% | 696,095 | $37.7M | Reduce -4.7% |
| MGA Magna International Inc. | 2.81% | 554,841 | $36.5M | Reduce -5.3% |
| STN Stantec Inc. | 2.72% | 511,665 | $35.3M | Add +219.1% |
| DOO BRP Inc./Ca- Sub Voting | 2.62% | 558,363 | $34.1M | Add +27.3% |
| RBA RB Global Inc. | 2.62% | 292,372 | $34.0M | Reduce -4.8% |
| BN Brookfield Corp. | 2.13% | 649,449 | $27.7M | Reduce -5.1% |
| RCI Rogers Communications Inc. Class B | 2.05% | 818,963 | $26.6M | Reduce -3.8% |
| WFG West Fraser Timber Co. Ltd. | 1.85% | 355,987 | $24.1M | Add +50.8% |
| CNQ Canadian Natural Resources | 1.63% | 534,597 | $21.1M | Reduce -5.3% |
| EOG EOG Resources Inc. | 1.63% | 162,995 | $21.1M | Reduce -2.5% |
| CNC Centene Corp. | 1.52% | 307,772 | $19.8M | Reduce -2.6% |
| PEP Pepsico Inc. | 1.46% | 139,795 | $18.9M | Reduce -2.7% |
| DG Dollar General Corp. | 1.42% | 159,850 | $18.4M | Add +20.5% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.36% | 369,468 | $17.7M | Add +28.5% |
| IMO Imperial Oil Ltd. | 1.35% | 156,597 | $17.6M | Reduce -21.5% |
| UNP Union Pacific Corp. | 1.31% | 62,791 | $17.1M | Reduce -2.7% |
| SOLV Solventum Corp. | 1.30% | 218,692 | $16.9M | Reduce -2.7% |
| NFLX Netflix Inc. | 1.26% | 230,060 | $16.4M | Add +153.1% |
| THO Thor Industries Inc. | 1.15% | 197,996 | $14.9M | Add +79.3% |
| AMZN Amazon.com Inc. | 1.14% | 61,920 | $14.8M | Reduce -2.8% |
| MSFT Microsoft Corp. | 1.10% | 38,460 | $14.3M | New |
| UL Unilever PLC-Sponsored ADR | 0.95% | 206,353 | $12.4M | Reduce -2.6% |
| ODFL Old Dominion Freight Line | 0.94% | 56,110 | $12.2M | Reduce -54.5% |
| CVX Chevron Corp. | 0.90% | 70,457 | $11.7M | Reduce -23.4% |
| GOOGL Alphabet Inc. Class A | 0.89% | 32,410 | $11.6M | Reduce -2.7% |
| LII Lennox International Inc. | 0.87% | 19,724 | $11.3M | Add +159.1% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.83% | 136,530 | $10.8M | Add +33.7% |
| SBUX Starbucks Corp. | 0.82% | 104,060 | $10.6M | Reduce -36.9% |
| UNH Unitedhealth Group Inc. | 0.80% | 24,874 | $10.3M | Reduce -2.7% |
| DRI Darden Restaurants Inc. | 0.78% | 49,472 | $10.2M | Reduce -2.7% |
| HAL Halliburton Co. | 0.68% | 262,000 | $8.9M | Reduce -24.8% |
| XOM Exxonmobil Holdings Corp. | 0.66% | 63,161 | $8.6M | Reduce -29.6% |
| NRC NRC Health | 0.62% | 372,503 | $8.0M | Reduce -2.3% |
| HIMS Hims & Hers Health Inc. | 0.60% | 224,130 | $7.8M | New |
| OZK Bank Ozk | 0.57% | 142,060 | $7.4M | Reduce -2.3% |
| BABA Alibaba Group Holding-SP ADR | 0.55% | 74,347 | $7.1M | Add +53.8% |
| HCC Warrior Met Coal Inc. | 0.53% | 84,095 | $6.8M | Reduce -29.9% |
| AZO AutoZone Inc. | 0.52% | 2,102 | $6.7M | Reduce -2.8% |
| JNJ Johnson & Johnson | 0.51% | 25,880 | $6.6M | Reduce -3.2% |
| PCAR Paccar Inc. | 0.49% | 53,310 | $6.4M | Reduce -3.2% |
| CMI Cummins Inc. | 0.41% | 7,420 | $5.3M | Reduce -19.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.38% | 9,931 | $5.0M | Reduce -3.1% |
| JPM JPMorgan Chase & Co. | 0.31% | 12,245 | $4.0M | Reduce -3.2% |
| MMM 3M Co. | 0.30% | 23,730 | $3.8M | Reduce -3.1% |
| ROST Ross Stores Inc. | 0.29% | 17,880 | $3.8M | Reduce -3.2% |
| AMAT Applied Materials Inc. | 0.25% | 4,490 | $3.2M | Reduce -59.3% |
| AXP American Express Co. | 0.24% | 9,220 | $3.1M | Reduce -3.0% |
| HD Home Depot Inc. | 0.23% | 8,597 | $3.0M | Reduce -3.0% |
| XPEL Xpel Inc. | 0.20% | 51,650 | $2.6M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.20% | 26,340 | $2.5M | Reduce -3.2% |
| MRK Merck & Co. Inc. | 0.18% | 18,367 | $2.4M | Reduce -85.8% |
| HAE Haemonetics Corp. | 0.18% | 30,720 | $2.3M | No change |
| MCK McKesson Corp. | 0.16% | 2,829 | $2.1M | Reduce -3.1% |
| TREX Trex Company Inc. filed as TREX INC | 0.12% | 32,270 | $1.6M | New |
| OGS One Gas Inc. | 0.12% | 19,660 | $1.5M | Add +40.1% |
| VNOM Viper Energy Inc. Class A | 0.11% | 35,215 | $1.5M | No change |
| BAC Bank of America Corp. | 0.08% | 18,210 | $1.0M | Reduce -3.1% |
Portfolio Sells Q1 2026 → Q2 2026
| MRK Merck & Co. Inc. | Reduce -85.8% | 0.18% | −1.07 |
| FNV Franco-Nevada Corp. | Reduce -4.7% | 3.40% | −1.04 |
| ODFL Old Dominion Freight Line | Reduce -54.5% | 0.94% | −1.02 |
| IMO Imperial Oil Ltd. | Reduce -21.5% | 1.35% | −0.75 |
| CVX Chevron Corp. | Reduce -23.4% | 0.90% | −0.64 |
| CNQ Canadian Natural Resources | Reduce -5.3% | 1.63% | −0.59 |
| RCI Rogers Communications Inc. Class B | Reduce -3.8% | 2.05% | −0.59 |
| XOM Exxonmobil Holdings Corp. | Reduce -29.6% | 0.66% | −0.57 |
| HAL Halliburton Co. | Reduce -24.8% | 0.68% | −0.41 |
| HCC Warrior Met Coal Inc. | Reduce -29.9% | 0.53% | −0.38 |
| SBUX Starbucks Corp. | Reduce -36.9% | 0.82% | −0.38 |
| SUNC Sunococorp LLC | Reduce -10.2% | 5.48% | −0.36 |
| PEP Pepsico Inc. | Reduce -2.7% | 1.46% | −0.35 |
| EOG EOG Resources Inc. | Reduce -2.5% | 1.63% | −0.33 |
| ENB Enbridge Inc. | Reduce -4.7% | 2.90% | −0.29 |
| EMA Emera Inc. | Reduce -4.5% | 3.05% | −0.22 |
| FTS Fortis Inc. | Reduce -3.6% | 3.62% | −0.21 |
| RY Royal Bank of Canada | Reduce -20.8% | 5.20% | −0.17 |
| BN Brookfield Corp. | Reduce -5.1% | 2.13% | −0.10 |
| AZO AutoZone Inc. | Reduce -2.8% | 0.52% | −0.07 |
| AMAT Applied Materials Inc. | Reduce -59.3% | 0.25% | −0.06 |
| MCK McKesson Corp. | Reduce -3.1% | 0.16% | −0.04 |
| ROST Ross Stores Inc. | Reduce -3.2% | 0.29% | −0.03 |
| TFII Tfi International Inc. | Reduce -21.3% | 3.50% | −0.02 |
| JNJ Johnson & Johnson | Reduce -3.2% | 0.51% | −0.02 |
| DRI Darden Restaurants Inc. | Reduce -2.7% | 0.78% | −0.02 |
| UL Unilever PLC-Sponsored ADR | Reduce -2.6% | 0.95% | −0.02 |
| PCAR Paccar Inc. | Reduce -3.2% | 0.49% | −0.02 |
| DIS The Walt Disney Co. | Reduce -3.2% | 0.20% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.1% | 0.38% | −0.02 |
| HD Home Depot Inc. | Reduce -3.0% | 0.23% | −0.00 |
| BAC Bank of America Corp. | Reduce -3.1% | 0.08% | +0.01 |
| AXP American Express Co. | Reduce -3.0% | 0.24% | +0.01 |
| CMI Cummins Inc. | Reduce -19.2% | 0.41% | +0.01 |
| JPM JPMorgan Chase & Co. | Reduce -3.2% | 0.31% | +0.01 |
| MMM 3M Co. | Reduce -3.1% | 0.30% | +0.01 |
| OZK Bank Ozk | Reduce -2.3% | 0.57% | +0.03 |
| CP Canadian Pacific Kansas City | Reduce -4.1% | 4.56% | +0.03 |
| UNP Union Pacific Corp. | Reduce -2.7% | 1.31% | +0.05 |
| AMZN Amazon.com Inc. | Reduce -2.8% | 1.14% | +0.06 |
| NRC NRC Health | Reduce -2.3% | 0.62% | +0.09 |
| SOLV Solventum Corp. | Reduce -2.7% | 1.30% | +0.11 |
| GOOGL Alphabet Inc. Class A | Reduce -2.7% | 0.89% | +0.12 |
| MGA Magna International Inc. | Reduce -5.3% | 2.81% | +0.17 |
| TD Toronto-Dominion Bank | Reduce -14.5% | 3.69% | +0.21 |
| UNH Unitedhealth Group Inc. | Reduce -2.7% | 0.80% | +0.24 |
| RBA RB Global Inc. | Reduce -4.8% | 2.62% | +0.24 |
| CNI Canadian Natl Railway Co. | Reduce -4.0% | 5.43% | +0.32 |
| SLF Sun Life Financial Inc. | Reduce -5.7% | 2.94% | +0.33 |
| CNC Centene Corp. | Reduce -2.6% | 1.52% | +0.68 |
Portfolio Buys Q1 2026 → Q2 2026
| STN Stantec Inc. | Add +219.1% | 2.72% | +1.60 |
| MSFT Microsoft Corp. | New | 1.10% | +1.10 |
| WFG West Fraser Timber Co. Ltd. | Add +50.8% | 1.85% | +0.61 |
| HIMS Hims & Hers Health Inc. | New | 0.60% | +0.60 |
| LII Lennox International Inc. | Add +159.1% | 0.87% | +0.58 |
| NFLX Netflix Inc. | Add +153.1% | 1.26% | +0.56 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +28.5% | 1.36% | +0.51 |
| GIB Cgi Inc. | Add +31.2% | 4.52% | +0.43 |
| THO Thor Industries Inc. | Add +79.3% | 1.15% | +0.43 |
| EL Estee Lauder Companies Class A | Add +33.7% | 0.83% | +0.24 |
| DG Dollar General Corp. | Add +20.5% | 1.42% | +0.14 |
| TREX Trex Company Inc. | New | 0.12% | +0.12 |
| DOO BRP Inc./Ca- Sub Voting | Add +27.3% | 2.62% | +0.08 |
| BABA Alibaba Group Holding-SP ADR | Add +53.8% | 0.55% | +0.06 |
| OGS One Gas Inc. | Add +40.1% | 0.12% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 68 | $1.3B | SUNC, CNI, RY, CP, GIB |
| Q1 2026 | 65 | $1.2B | SUNC, RY, CNI, CP, FNV |
| Q4 2025 | 64 | $1.2B | RY, GIB, CNI, SUNC, CP |
| Q3 2025 | 63 | $1.2B | GIB, RY, SLF, ENB, CNI |
| Q2 2025 | 63 | $1.0B | SLF, GIB, CNI, RY, FTS |
| Q1 2025 | 65 | $990.4M | SLF, ENB, GIB, RY, CNI |
| Q4 2024 | 63 | $969.9M | SLF, ENB, GIB, FTS, CNI |
| Q3 2024 | 65 | $1.1B | SLF, RY, ENB, GIB, TD |
| Q2 2024 | 64 | $1.1B | RY, GIB, SLF, ENB, TD |
| Q1 2024 | 65 | $1.2B | GIB, RY, SLF, ENB, TD |