QV Investors Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 16, 2024), QV Investors Inc. reported 64 stock positions worth $1.1 billion. Its top holding was Royal Bank of Canada (RY) at 5.9% of the portfolio, followed by Cgi (GIB, 5.8%) and Sun Life Financial (SLF, 5.6%). Compared with Q1 2024, it opened 1 new position, sold out of 3, added to 24 and reduced 39. The biggest buy was a new position in BRP Inc./Ca- Sub Voting (DOO) and the biggest sale an exit from Tfi International (TFII).
- Most Recent 13F
- Q2 2026
- Location
- CALGARY, A0
- CIK
- 0001570253
- Portfolio Value
- $1.1B (Q2 2024)
- SEC Filing
- 0001570253-24-000003 ↗ filed Jul 16, 2024
Holdings Value
Holdings 64 stocks · $1.1B
| RY Royal Bank of Canada | 5.88% | 588,047 | $62.6M | Reduce -0.9% |
| GIB Cgi Inc. | 5.80% | 618,163 | $61.7M | Reduce -0.9% |
| SLF Sun Life Financial Inc. | 5.59% | 1,214,333 | $59.5M | Add +12.1% |
| ENB Enbridge Inc. | 4.62% | 1,381,087 | $49.1M | Reduce -0.9% |
| TD Toronto-Dominion Bank | 4.48% | 868,171 | $47.7M | Add +12.1% |
| FTS Fortis Inc. | 3.71% | 1,017,183 | $39.5M | Reduce -0.9% |
| UNH Unitedhealth Group Inc. | 3.18% | 66,494 | $33.9M | Add +33.8% |
| TRP TC Energy Corp. | 3.01% | 846,036 | $32.1M | Reduce -10.0% |
| RBA RB Global Inc. | 3.00% | 419,240 | $32.0M | Add +22.1% |
| CNI Canadian Natl Railway Co. | 2.94% | 264,411 | $31.2M | Reduce -0.9% |
| IMO Imperial Oil Ltd. | 2.88% | 449,981 | $30.7M | Reduce -15.4% |
| FNV Franco-Nevada Corp. | 2.78% | 249,909 | $29.6M | Add +24.6% |
| GOOGL Alphabet Inc. Class A | 2.68% | 156,550 | $28.5M | Reduce -12.2% |
| DOO BRP Inc./Ca- Sub Voting | 2.64% | 439,335 | $28.1M | New |
| MGA Magna International Inc. | 2.60% | 660,823 | $27.7M | Reduce -0.9% |
| NTR Nutrien Ltd. | 2.32% | 484,074 | $24.6M | Reduce -0.9% |
| BN Brookfield Corp. | 2.14% | 547,937 | $22.8M | Reduce -0.9% |
| CNQ Canadian Natural Resources | 2.13% | 636,738 | $22.7M | Reduce -0.9% |
| UL Unilever PLC | 2.04% | 394,314 | $21.7M | Add +24.8% |
| BAM Brookfield Asset Mgmt-A | 1.99% | 556,857 | $21.2M | Reduce -0.9% |
| CNC Centene Corp. | 1.88% | 300,957 | $20.0M | Reduce -0.6% |
| CP Canadian Pacific Kansas City | 1.79% | 241,297 | $19.0M | Reduce -0.9% |
| STN Stantec Inc. | 1.77% | 225,595 | $18.9M | Reduce -1.6% |
| PEP Pepsico Inc. | 1.46% | 93,985 | $15.5M | Add +22.8% |
| MMM 3M Co. | 1.35% | 140,900 | $14.4M | Add +37.3% |
| JNJ Johnson & Johnson | 1.33% | 97,110 | $14.2M | Reduce -1.8% |
| AMZN Amazon.com Inc. | 1.33% | 73,100 | $14.1M | Reduce -18.6% |
| SBUX Starbucks Corp. | 1.26% | 172,620 | $13.4M | Reduce -0.4% |
| VZ Verizon Communications Inc. | 1.24% | 320,930 | $13.2M | Reduce -18.3% |
| UNP Union Pacific Corp. | 1.10% | 51,901 | $11.7M | Reduce -1.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.06% | 284,025 | $11.3M | Reduce -36.4% |
| ROST Ross Stores Inc. | 1.06% | 77,690 | $11.3M | Reduce -6.6% |
| EOG EOG Resources Inc. | 1.05% | 89,180 | $11.2M | Reduce -2.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.03% | 110,290 | $11.0M | Reduce -1.9% |
| MU Micron Technology Inc. | 0.91% | 73,690 | $9.7M | Reduce -44.5% |
| WFC Wells Fargo & Co. | 0.85% | 152,767 | $9.1M | Reduce -42.0% |
| AZO AutoZone Inc. | 0.83% | 2,965 | $8.8M | Add +0.3% |
| OZK Bank Ozk | 0.79% | 206,100 | $8.4M | Reduce -3.8% |
| SOLV Solventum Corp. | 0.78% | 157,192 | $8.3M | Add +512.8% |
| HRL Hormel Foods Corp. | 0.78% | 271,260 | $8.3M | Reduce -1.6% |
| NRC NRC Health filed as NATIONAL RESH CORP | 0.73% | 338,380 | $7.8M | Reduce -1.1% |
| LII Lennox International Inc. | 0.66% | 13,109 | $7.0M | Reduce -24.5% |
| TIXT Telus International Cda Inc. | 0.66% | 1,207,199 | $7.0M | Reduce -0.9% |
| NFLX Netflix Inc. | 0.64% | 10,110 | $6.8M | Reduce -38.1% |
| ORCL Oracle Corp. | 0.62% | 46,575 | $6.6M | Add +0.5% |
| BABA Alibaba Group Holding-SP ADR | 0.61% | 90,467 | $6.5M | Reduce -3.7% |
| SAM Boston Beer Company Inc. Class A | 0.59% | 20,570 | $6.3M | Reduce -1.1% |
| JPM JPMorgan Chase & Co. | 0.56% | 29,430 | $6.0M | Reduce -16.6% |
| CMI Cummins Inc. | 0.51% | 19,585 | $5.4M | Add +0.5% |
| MRK Merck & Co. Inc. | 0.48% | 40,972 | $5.1M | Add +0.5% |
| DRI Darden Restaurants Inc. | 0.48% | 33,432 | $5.1M | Reduce -1.3% |
| XOM Exxon Mobil Corp. | 0.45% | 41,371 | $4.8M | Add +0.5% |
| PCAR Paccar Inc. | 0.45% | 46,155 | $4.8M | Reduce -16.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.41% | 10,706 | $4.4M | Add +0.5% |
| AFL Aflac Inc. | 0.38% | 45,090 | $4.0M | Add +0.5% |
| HD Home Depot Inc. | 0.34% | 10,577 | $3.6M | Add +0.5% |
| CVX Chevron Corp. | 0.33% | 22,757 | $3.6M | Add +0.5% |
| AXP American Express Co. | 0.25% | 11,370 | $2.6M | Add +0.5% |
| THO Thor Industries Inc. | 0.24% | 27,716 | $2.6M | Reduce -47.1% |
| MCK McKesson Corp. | 0.19% | 3,479 | $2.0M | Add +0.6% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.11% | 8,414 | $1.2M | Add +0.6% |
| STR Sitio Royalties Corp. Class A | 0.10% | 46,096 | $1.1M | Add +2.6% |
| OGS One Gas Inc. | 0.08% | 13,650 | $872K | Add +2.6% |
| NVEE NV5 Global Inc. | 0.04% | 4,660 | $433K | Add +2.6% |
Portfolio Sells Q1 2024 → Q2 2024
| TFII Tfi International Inc. | Sold out | 0.00% | −3.72 |
| BNS Bank of Nova Scotia | Sold out | 0.00% | −1.31 |
| MGA Magna International Inc. | Reduce -0.9% | 2.60% | −0.55 |
| WFC Wells Fargo & Co. | Reduce -42.0% | 0.85% | −0.47 |
| MU Micron Technology Inc. | Reduce -44.5% | 0.91% | −0.45 |
| NRC NRC Health | Reduce -1.1% | 0.73% | −0.45 |
| BAC Bank of America Corp. | Reduce -36.4% | 1.06% | −0.41 |
| IMO Imperial Oil Ltd. | Reduce -15.4% | 2.88% | −0.30 |
| THO Thor Industries Inc. | Reduce -47.1% | 0.24% | −0.29 |
| TRP TC Energy Corp. | Reduce -10.0% | 3.01% | −0.27 |
| TIXT Telus International Cda Inc. | Reduce -0.9% | 0.66% | −0.24 |
| NFLX Netflix Inc. | Reduce -38.1% | 0.64% | −0.22 |
| CNC Centene Corp. | Reduce -0.6% | 1.88% | −0.19 |
| VZ Verizon Communications Inc. | Reduce -18.3% | 1.24% | −0.19 |
| GIB Cgi Inc. | Reduce -0.9% | 5.80% | −0.18 |
| DIS The Walt Disney Co. | Reduce -1.9% | 1.03% | −0.17 |
| PCAR Paccar Inc. | Reduce -16.6% | 0.45% | −0.15 |
| CNI Canadian Natl Railway Co. | Reduce -0.9% | 2.94% | −0.12 |
| SBUX Starbucks Corp. | Reduce -0.4% | 1.26% | −0.11 |
| CP Canadian Pacific Kansas City | Reduce -0.9% | 1.79% | −0.08 |
| AMZN Amazon.com Inc. | Reduce -18.6% | 1.33% | −0.08 |
| LII Lennox International Inc. | Reduce -24.5% | 0.66% | −0.08 |
| BAM Brookfield Asset Mgmt-A | Reduce -0.9% | 1.99% | −0.06 |
| HRL Hormel Foods Corp. | Reduce -1.6% | 0.78% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -16.6% | 0.56% | −0.05 |
| OZK Bank Ozk | Reduce -3.8% | 0.79% | −0.05 |
| CW Curtiss-Wright Corp. | Sold out | 0.00% | −0.04 |
| JNJ Johnson & Johnson | Reduce -1.8% | 1.33% | −0.02 |
| UNP Union Pacific Corp. | Reduce -1.6% | 1.10% | −0.02 |
| DRI Darden Restaurants Inc. | Reduce -1.3% | 0.48% | −0.02 |
| CNQ Canadian Natural Resources | Reduce -0.9% | 2.13% | +0.00 |
| ROST Ross Stores Inc. | Reduce -6.6% | 1.06% | +0.00 |
| NTR Nutrien Ltd. | Reduce -0.9% | 2.32% | +0.01 |
| BABA Alibaba Group Holding-SP ADR | Reduce -3.7% | 0.61% | +0.02 |
| SAM Boston Beer Company Inc. Class A | Reduce -1.1% | 0.59% | +0.04 |
| EOG EOG Resources Inc. | Reduce -2.0% | 1.05% | +0.04 |
| STN Stantec Inc. | Reduce -1.6% | 1.77% | +0.12 |
| BN Brookfield Corp. | Reduce -0.9% | 2.14% | +0.13 |
| FTS Fortis Inc. | Reduce -0.9% | 3.71% | +0.19 |
| ENB Enbridge Inc. | Reduce -0.9% | 4.62% | +0.24 |
| GOOGL Alphabet Inc. Class A | Reduce -12.2% | 2.68% | +0.34 |
| RY Royal Bank of Canada | Reduce -0.9% | 5.88% | +0.68 |
Portfolio Buys Q1 2024 → Q2 2024
| DOO BRP Inc./Ca- Sub Voting | New | 2.64% | +2.64 |
| UNH Unitedhealth Group Inc. | Add +33.8% | 3.18% | +1.05 |
| RBA RB Global Inc. | Add +22.1% | 3.00% | +0.73 |
| FNV Franco-Nevada Corp. | Add +24.6% | 2.78% | +0.71 |
| SOLV Solventum Corp. | Add +512.8% | 0.78% | +0.66 |
| UL Unilever PLC | Add +24.8% | 2.04% | +0.66 |
| SLF Sun Life Financial Inc. | Add +12.1% | 5.59% | +0.46 |
| TD Toronto-Dominion Bank | Add +12.1% | 4.48% | +0.42 |
| MMM 3M Co. | Add +37.3% | 1.35% | +0.41 |
| PEP Pepsico Inc. | Add +22.8% | 1.46% | +0.29 |
| ORCL Oracle Corp. | Add +0.5% | 0.62% | +0.11 |
| AFL Aflac Inc. | Add +0.5% | 0.38% | +0.04 |
| XOM Exxon Mobil Corp. | Add +0.5% | 0.45% | +0.03 |
| MCK McKesson Corp. | Add +0.6% | 0.19% | +0.03 |
| CVX Chevron Corp. | Add +0.5% | 0.33% | +0.02 |
| AXP American Express Co. | Add +0.5% | 0.25% | +0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.5% | 0.41% | +0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +0.6% | 0.11% | +0.02 |
| AZO AutoZone Inc. | Add +0.3% | 0.83% | +0.02 |
| CMI Cummins Inc. | Add +0.5% | 0.51% | +0.01 |
| MRK Merck & Co. Inc. | Add +0.5% | 0.48% | +0.01 |
| OGS One Gas Inc. | Add +2.6% | 0.08% | +0.01 |
| STR Sitio Royalties Corp. Class A | Add +2.6% | 0.10% | +0.01 |
| NVEE NV5 Global Inc. | Add +2.6% | 0.04% | +0.00 |
| HD Home Depot Inc. | Add +0.5% | 0.34% | −0.01 |
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 |