QV Investors Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 22, 2024), QV Investors Inc. reported 65 stock positions worth $1.2 billion. Its top holding was Cgi (GIB) at 6.0% of the portfolio, followed by Royal Bank of Canada (RY, 5.2%) and Sun Life Financial (SLF, 5.1%). Compared with Q4 2023, it opened 2 new positions, sold out of 3, added to 22 and reduced 40. The biggest buy was a new position in Franco-Nevada (FNV) and the biggest sale an exit from Agnico Eagle Mines (AEM).
- Most Recent 13F
- Q2 2026
- Location
- CALGARY, A0
- CIK
- 0001570253
- Portfolio Value
- $1.2B (Q1 2024)
- SEC Filing
- 0001570253-24-000002 ↗ filed Apr 22, 2024
Holdings Value
Holdings 65 stocks · $1.2B
| GIB Cgi Inc. | 5.98% | 624,096 | $68.9M | Add +1.1% |
| RY Royal Bank of Canada | 5.20% | 593,642 | $59.9M | Add +1.0% |
| SLF Sun Life Financial Inc. | 5.13% | 1,083,071 | $59.2M | Add +1.1% |
| ENB Enbridge Inc. | 4.38% | 1,394,279 | $50.4M | Add +16.8% |
| TD Toronto-Dominion Bank | 4.06% | 774,158 | $46.8M | Add +1.0% |
| TFII Tfi International Inc. | 3.72% | 268,252 | $42.8M | Reduce -15.3% |
| FTS Fortis Inc. | 3.52% | 1,026,939 | $40.6M | Add +1.0% |
| TRP TC Energy Corp. | 3.28% | 939,932 | $37.8M | Add +1.1% |
| IMO Imperial Oil Ltd. | 3.19% | 531,746 | $36.7M | Add +1.1% |
| MGA Magna International Inc. | 3.16% | 667,151 | $36.4M | Add +1.0% |
| CNI Canadian Natl Railway Co. | 3.05% | 266,934 | $35.2M | Reduce -24.0% |
| GOOGL Alphabet Inc. Class A | 2.34% | 178,270 | $26.9M | Add +1.8% |
| NTR Nutrien Ltd. | 2.31% | 488,694 | $26.6M | Add +1.0% |
| RBA RB Global Inc. | 2.27% | 343,212 | $26.2M | Add +1.1% |
| UNH Unitedhealth Group Inc. | 2.13% | 49,714 | $24.6M | Add +1.4% |
| CNQ Canadian Natural Resources | 2.13% | 321,421 | $24.5M | Add +1.0% |
| FNV Franco-Nevada Corp. | 2.08% | 200,601 | $23.9M | New |
| CNC Centene Corp. | 2.06% | 302,787 | $23.8M | Reduce -0.8% |
| BAM Brookfield Asset Mgmt-A | 2.05% | 562,162 | $23.6M | Reduce -16.6% |
| BN Brookfield Corp. | 2.01% | 553,145 | $23.2M | Reduce -14.4% |
| CP Canadian Pacific Kansas City | 1.87% | 243,609 | $21.5M | Add +1.1% |
| STN Stantec Inc. | 1.65% | 229,345 | $19.1M | Reduce -3.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.47% | 446,765 | $16.9M | Reduce -0.9% |
| VZ Verizon Communications Inc. | 1.43% | 392,790 | $16.5M | Reduce -0.7% |
| AMZN Amazon.com Inc. | 1.41% | 89,770 | $16.2M | Reduce -0.9% |
| UL Unilever PLC | 1.38% | 316,024 | $15.9M | Reduce -0.8% |
| SBUX Starbucks Corp. | 1.37% | 173,260 | $15.8M | Add +33.8% |
| MU Micron Technology Inc. | 1.36% | 132,850 | $15.7M | Reduce -30.7% |
| JNJ Johnson & Johnson | 1.36% | 98,880 | $15.6M | Reduce -0.9% |
| WFC Wells Fargo & Co. | 1.32% | 263,317 | $15.3M | Reduce -0.8% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 1.31% | 290,434 | $15.0M | Add +1.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.19% | 112,480 | $13.8M | Reduce -0.8% |
| NRC NRC Health filed as NATIONAL RESH CORP | 1.18% | 342,250 | $13.6M | Reduce -13.4% |
| PEP Pepsico Inc. | 1.16% | 76,565 | $13.4M | Add +260.2% |
| UNP Union Pacific Corp. | 1.13% | 52,721 | $13.0M | Reduce -1.0% |
| ROST Ross Stores Inc. | 1.06% | 83,180 | $12.2M | Reduce -8.8% |
| EOG EOG Resources Inc. | 1.01% | 91,020 | $11.6M | Add +51.9% |
| MMM 3M Co. | 0.94% | 102,610 | $10.9M | Reduce -8.8% |
| TIXT Telus International Cda Inc. | 0.90% | 1,217,930 | $10.3M | Reduce -10.1% |
| NFLX Netflix Inc. | 0.86% | 16,340 | $9.9M | Reduce -0.8% |
| OZK Bank Ozk | 0.84% | 214,130 | $9.7M | No change |
| HRL Hormel Foods Corp. | 0.83% | 275,730 | $9.6M | Reduce -10.9% |
| AZO AutoZone Inc. | 0.81% | 2,955 | $9.3M | Reduce -1.7% |
| LII Lennox International Inc. | 0.74% | 17,359 | $8.5M | Reduce -21.5% |
| JPM JPMorgan Chase & Co. | 0.61% | 35,310 | $7.1M | Reduce -18.7% |
| PCAR Paccar Inc. | 0.60% | 55,375 | $6.9M | Reduce -23.9% |
| BABA Alibaba Group Holding-SP ADR | 0.59% | 93,957 | $6.8M | Add +27.4% |
| SAM Boston Beer Company Inc. Class A | 0.55% | 20,810 | $6.3M | Reduce -1.2% |
| THO Thor Industries Inc. | 0.53% | 52,406 | $6.1M | Reduce -1.1% |
| ORCL Oracle Corp. | 0.51% | 46,345 | $5.8M | Reduce -1.9% |
| CMI Cummins Inc. | 0.50% | 19,485 | $5.7M | Reduce -1.9% |
| DRI Darden Restaurants Inc. | 0.49% | 33,872 | $5.7M | Reduce -1.1% |
| MRK Merck & Co. Inc. | 0.47% | 40,762 | $5.4M | Reduce -1.9% |
| XOM Exxon Mobil Corp. | 0.42% | 41,161 | $4.8M | Reduce -1.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.39% | 10,656 | $4.5M | Reduce -1.9% |
| HD Home Depot Inc. | 0.35% | 10,527 | $4.0M | Reduce -1.9% |
| AFL Aflac Inc. | 0.33% | 44,860 | $3.9M | Reduce -1.9% |
| CVX Chevron Corp. | 0.31% | 22,647 | $3.6M | Reduce -1.9% |
| AXP American Express Co. | 0.22% | 11,310 | $2.6M | Reduce -1.9% |
| MCK McKesson Corp. | 0.16% | 3,459 | $1.9M | Reduce -55.1% |
| STR Sitio Royalties Corp. Class A | 0.10% | 44,906 | $1.1M | Add +4.9% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.09% | 8,364 | $1.1M | Reduce -64.0% |
| OGS One Gas Inc. | 0.07% | 13,300 | $858K | New |
| CW Curtiss-Wright Corp. | 0.04% | 1,880 | $481K | Reduce -52.6% |
| NVEE NV5 Global Inc. | 0.04% | 4,540 | $445K | Add +4.8% |
Portfolio Sells Q4 2023 → Q1 2024
| AEM Agnico Eagle Mines Ltd. | Sold out | 0.00% | −1.43 |
| CNI Canadian Natl Railway Co. | Reduce -24.0% | 3.05% | −0.94 |
| BAM Brookfield Asset Mgmt-A | Reduce -16.6% | 2.05% | −0.40 |
| BN Brookfield Corp. | Reduce -14.4% | 2.01% | −0.34 |
| NRC NRC Health | Reduce -13.4% | 1.18% | −0.23 |
| TFII Tfi International Inc. | Reduce -15.3% | 3.72% | −0.19 |
| MMM 3M Co. | Reduce -8.8% | 0.94% | −0.16 |
| MCK McKesson Corp. | Reduce -55.1% | 0.16% | −0.16 |
| TIXT Telus International Cda Inc. | Reduce -10.1% | 0.90% | −0.16 |
| LII Lennox International Inc. | Reduce -21.5% | 0.74% | −0.16 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -64.0% | 0.09% | −0.12 |
| MU Micron Technology Inc. | Reduce -30.7% | 1.36% | −0.11 |
| SAM Boston Beer Company Inc. Class A | Reduce -1.2% | 0.55% | −0.11 |
| ROST Ross Stores Inc. | Reduce -8.8% | 1.06% | −0.08 |
| AQN Algonquin Power & Utilities | Sold out | 0.00% | −0.08 |
| STN Stantec Inc. | Reduce -3.5% | 1.65% | −0.07 |
| HRL Hormel Foods Corp. | Reduce -10.9% | 0.83% | −0.06 |
| UNP Union Pacific Corp. | Reduce -1.0% | 1.13% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -18.7% | 0.61% | −0.05 |
| JNJ Johnson & Johnson | Reduce -0.9% | 1.36% | −0.05 |
| PCAR Paccar Inc. | Reduce -23.9% | 0.60% | −0.04 |
| CW Curtiss-Wright Corp. | Reduce -52.6% | 0.04% | −0.04 |
| THO Thor Industries Inc. | Reduce -1.1% | 0.53% | −0.03 |
| DRI Darden Restaurants Inc. | Reduce -1.1% | 0.49% | −0.02 |
| UL Unilever PLC | Reduce -0.8% | 1.38% | −0.02 |
| MEI Methode Electronics Inc. | Sold out | 0.00% | −0.01 |
| AFL Aflac Inc. | Reduce -1.9% | 0.33% | −0.01 |
| CVX Chevron Corp. | Reduce -1.9% | 0.31% | −0.00 |
| HD Home Depot Inc. | Reduce -1.9% | 0.35% | +0.02 |
| CNC Centene Corp. | Reduce -0.8% | 2.06% | +0.02 |
| AXP American Express Co. | Reduce -1.9% | 0.22% | +0.03 |
| XOM Exxon Mobil Corp. | Reduce -1.9% | 0.42% | +0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.9% | 0.39% | +0.04 |
| ORCL Oracle Corp. | Reduce -1.9% | 0.51% | +0.06 |
| MRK Merck & Co. Inc. | Reduce -1.9% | 0.47% | +0.06 |
| CMI Cummins Inc. | Reduce -1.9% | 0.50% | +0.07 |
| VZ Verizon Communications Inc. | Reduce -0.7% | 1.43% | +0.09 |
| BAC Bank of America Corp. | Reduce -0.9% | 1.47% | +0.10 |
| AZO AutoZone Inc. | Reduce -1.7% | 0.81% | +0.11 |
| NFLX Netflix Inc. | Reduce -0.8% | 0.86% | +0.14 |
| WFC Wells Fargo & Co. | Reduce -0.8% | 1.32% | +0.15 |
| AMZN Amazon.com Inc. | Reduce -0.9% | 1.41% | +0.17 |
| DIS The Walt Disney Co. | Reduce -0.8% | 1.19% | +0.27 |
Portfolio Buys Q4 2023 → Q1 2024
| FNV Franco-Nevada Corp. | New | 2.08% | +2.08 |
| PEP Pepsico Inc. | Add +260.2% | 1.16% | +0.84 |
| ENB Enbridge Inc. | Add +16.8% | 4.38% | +0.49 |
| IMO Imperial Oil Ltd. | Add +1.1% | 3.19% | +0.47 |
| EOG EOG Resources Inc. | Add +51.9% | 1.01% | +0.36 |
| SBUX Starbucks Corp. | Add +33.8% | 1.37% | +0.25 |
| CNQ Canadian Natural Resources | Add +1.0% | 2.13% | +0.24 |
| RBA RB Global Inc. | Add +1.1% | 2.27% | +0.21 |
| CP Canadian Pacific Kansas City | Add +1.1% | 1.87% | +0.14 |
| GOOGL Alphabet Inc. Class A | Add +1.8% | 2.34% | +0.13 |
| SLF Sun Life Financial Inc. | Add +1.1% | 5.13% | +0.10 |
| BABA Alibaba Group Holding-SP ADR | Add +27.4% | 0.59% | +0.08 |
| OGS One Gas Inc. | New | 0.07% | +0.07 |
| BNS Bank of Nova Scotia | Add +1.0% | 1.31% | +0.04 |
| STR Sitio Royalties Corp. Class A | Add +4.9% | 0.10% | +0.01 |
| NVEE NV5 Global Inc. | Add +4.8% | 0.04% | −0.00 |
| TRP TC Energy Corp. | Add +1.1% | 3.28% | −0.01 |
| GIB Cgi Inc. | Add +1.1% | 5.98% | −0.01 |
| NTR Nutrien Ltd. | Add +1.0% | 2.31% | −0.16 |
| RY Royal Bank of Canada | Add +1.0% | 5.20% | −0.18 |
| UNH Unitedhealth Group Inc. | Add +1.4% | 2.13% | −0.19 |
| FTS Fortis Inc. | Add +1.0% | 3.52% | −0.26 |
| MGA Magna International Inc. | Add +1.0% | 3.16% | −0.38 |
| TD Toronto-Dominion Bank | Add +1.0% | 4.06% | −0.42 |
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 |