QV Investors Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 15, 2024), QV Investors Inc. reported 65 stock positions worth $1.1 billion. Its top holding was Sun Life Financial (SLF) at 6.2% of the portfolio, followed by Royal Bank of Canada (RY, 5.8%) and Enbridge (ENB, 5.6%). Compared with Q2 2024, it opened 1 new position, added to 32 and reduced 32. The biggest buy was a new position in Tfi International (TFII) and the biggest sale Alphabet Class A (GOOGL, shares −55%).
- Most Recent 13F
- Q2 2026
- Location
- CALGARY, A0
- CIK
- 0001570253
- Portfolio Value
- $1.1B (Q3 2024)
- SEC Filing
- 0001570253-24-000004 ↗ filed Oct 15, 2024
Holdings Value
Holdings 65 stocks · $1.1B
| SLF Sun Life Financial Inc. | 6.21% | 1,210,734 | $70.3M | Reduce -0.3% |
| RY Royal Bank of Canada | 5.76% | 521,401 | $65.1M | Reduce -11.3% |
| ENB Enbridge Inc. | 5.60% | 1,558,557 | $63.4M | Add +12.8% |
| GIB Cgi Inc. | 5.48% | 537,876 | $62.0M | Reduce -13.0% |
| TD Toronto-Dominion Bank | 4.84% | 865,227 | $54.8M | Reduce -0.3% |
| FTS Fortis Inc. | 4.08% | 1,014,263 | $46.1M | Reduce -0.3% |
| UNH Unitedhealth Group Inc. | 3.17% | 61,434 | $35.9M | Reduce -7.6% |
| RBA RB Global Inc. | 2.98% | 418,030 | $33.7M | Reduce -0.3% |
| IMO Imperial Oil Ltd. | 2.79% | 448,214 | $31.6M | Reduce -0.4% |
| FNV Franco-Nevada Corp. | 2.74% | 248,991 | $31.0M | Reduce -0.4% |
| CNI Canadian Natl Railway Co. | 2.73% | 263,723 | $30.9M | Reduce -0.3% |
| TFII Tfi International Inc. | 2.64% | 217,980 | $29.9M | New |
| MGA Magna International Inc. | 2.39% | 658,937 | $27.1M | Reduce -0.3% |
| BAM Brookfield Asset Mgmt-A | 2.32% | 555,311 | $26.3M | Reduce -0.3% |
| DOO BRP Inc./Ca- Sub Voting | 2.30% | 437,631 | $26.1M | Reduce -0.4% |
| TRP TC Energy Corp. | 2.08% | 494,495 | $23.5M | Reduce -41.5% |
| TIXT Telus International Cda Inc. | 2.08% | 6,011,720 | $23.5M | Add +398.0% |
| NTR Nutrien Ltd. | 2.05% | 482,657 | $23.2M | Reduce -0.3% |
| CNQ Canadian Natural Resources | 1.87% | 634,916 | $21.1M | Reduce -0.3% |
| CP Canadian Pacific Kansas City | 1.82% | 240,342 | $20.6M | Reduce -0.4% |
| BN Brookfield Corp. | 1.79% | 380,991 | $20.3M | Reduce -30.5% |
| UL Unilever PLC | 1.78% | 310,264 | $20.2M | Reduce -21.3% |
| CNC Centene Corp. | 1.72% | 258,057 | $19.4M | Reduce -14.3% |
| SBUX Starbucks Corp. | 1.63% | 189,020 | $18.4M | Add +9.5% |
| STN Stantec Inc. | 1.59% | 224,015 | $18.0M | Reduce -0.7% |
| SOLV Solventum Corp. | 1.54% | 250,562 | $17.5M | Add +59.4% |
| PEP Pepsico Inc. | 1.42% | 94,275 | $16.0M | Add +0.3% |
| AZO AutoZone Inc. | 1.40% | 5,035 | $15.9M | Add +69.8% |
| JNJ Johnson & Johnson | 1.39% | 97,370 | $15.8M | Add +0.3% |
| BABA Alibaba Group Holding-SP ADR | 1.34% | 142,797 | $15.2M | Add +57.8% |
| DRI Darden Restaurants Inc. | 1.22% | 84,122 | $13.8M | Add +151.6% |
| MMM 3M Co. | 1.22% | 100,795 | $13.8M | Reduce -28.5% |
| UNP Union Pacific Corp. | 1.13% | 52,051 | $12.8M | Add +0.3% |
| ROST Ross Stores Inc. | 1.04% | 77,960 | $11.7M | Add +0.3% |
| GOOGL Alphabet Inc. Class A | 1.03% | 70,120 | $11.6M | Reduce -55.2% |
| AMZN Amazon.com Inc. | 1.02% | 61,890 | $11.5M | Reduce -15.3% |
| EOG EOG Resources Inc. | 0.97% | 89,350 | $11.0M | Add +0.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.94% | 110,570 | $10.6M | Add +0.3% |
| HRL Hormel Foods Corp. | 0.76% | 272,060 | $8.6M | Add +0.3% |
| NRC NRC Health filed as NATIONAL RESH CORP | 0.68% | 338,990 | $7.7M | Add +0.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.68% | 193,265 | $7.7M | Reduce -31.9% |
| OZK Bank Ozk | 0.65% | 171,050 | $7.4M | Reduce -17.0% |
| CMI Cummins Inc. | 0.56% | 19,695 | $6.4M | Add +0.6% |
| JPM JPMorgan Chase & Co. | 0.55% | 29,600 | $6.2M | Add +0.6% |
| SAM Boston Beer Company Inc. Class A | 0.53% | 20,650 | $6.0M | Add +0.4% |
| ORCL Oracle Corp. | 0.51% | 34,085 | $5.8M | Reduce -26.8% |
| AFL Aflac Inc. | 0.45% | 45,350 | $5.1M | Add +0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.44% | 10,776 | $5.0M | Add +0.7% |
| XOM Exxon Mobil Corp. | 0.43% | 41,611 | $4.9M | Add +0.6% |
| MRK Merck & Co. Inc. | 0.41% | 41,212 | $4.7M | Add +0.6% |
| PCAR Paccar Inc. | 0.40% | 46,425 | $4.6M | Add +0.6% |
| NFLX Netflix Inc. | 0.39% | 6,230 | $4.4M | Reduce -38.4% |
| HD Home Depot Inc. | 0.38% | 10,647 | $4.3M | Add +0.7% |
| CVX Chevron Corp. | 0.30% | 22,897 | $3.4M | Add +0.6% |
| LII Lennox International Inc. | 0.30% | 5,529 | $3.3M | Reduce -57.8% |
| AXP American Express Co. | 0.27% | 11,430 | $3.1M | Add +0.5% |
| THO Thor Industries Inc. | 0.27% | 27,776 | $3.1M | Add +0.2% |
| WFC Wells Fargo & Co. | 0.19% | 37,587 | $2.1M | Reduce -75.4% |
| VZ Verizon Communications Inc. | 0.16% | 41,235 | $1.9M | Reduce -87.2% |
| MCK McKesson Corp. | 0.15% | 3,499 | $1.7M | Add +0.6% |
| MU Micron Technology Inc. | 0.12% | 13,220 | $1.4M | Reduce -82.1% |
| OGS One Gas Inc. | 0.09% | 14,030 | $1.0M | Add +2.8% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.09% | 8,454 | $1.0M | Add +0.5% |
| STR Sitio Royalties Corp. Class A | 0.09% | 47,386 | $988K | Add +2.8% |
| NVEE NV5 Global Inc. | 0.04% | 4,790 | $448K | Add +2.8% |
Portfolio Sells Q2 2024 → Q3 2024
| GOOGL Alphabet Inc. Class A | Reduce -55.2% | 1.03% | −1.65 |
| VZ Verizon Communications Inc. | Reduce -87.2% | 0.16% | −1.08 |
| TRP TC Energy Corp. | Reduce -41.5% | 2.08% | −0.93 |
| MU Micron Technology Inc. | Reduce -82.1% | 0.12% | −0.79 |
| WFC Wells Fargo & Co. | Reduce -75.4% | 0.19% | −0.67 |
| BAC Bank of America Corp. | Reduce -31.9% | 0.68% | −0.38 |
| LII Lennox International Inc. | Reduce -57.8% | 0.30% | −0.36 |
| BN Brookfield Corp. | Reduce -30.5% | 1.79% | −0.35 |
| DOO BRP Inc./Ca- Sub Voting | Reduce -0.4% | 2.30% | −0.34 |
| GIB Cgi Inc. | Reduce -13.0% | 5.48% | −0.32 |
| AMZN Amazon.com Inc. | Reduce -15.3% | 1.02% | −0.31 |
| CNQ Canadian Natural Resources | Reduce -0.3% | 1.87% | −0.27 |
| NTR Nutrien Ltd. | Reduce -0.3% | 2.05% | −0.26 |
| UL Unilever PLC | Reduce -21.3% | 1.78% | −0.26 |
| NFLX Netflix Inc. | Reduce -38.4% | 0.39% | −0.25 |
| MGA Magna International Inc. | Reduce -0.3% | 2.39% | −0.21 |
| CNI Canadian Natl Railway Co. | Reduce -0.3% | 2.73% | −0.20 |
| STN Stantec Inc. | Reduce -0.7% | 1.59% | −0.18 |
| CNC Centene Corp. | Reduce -14.3% | 1.72% | −0.16 |
| OZK Bank Ozk | Reduce -17.0% | 0.65% | −0.14 |
| MMM 3M Co. | Reduce -28.5% | 1.22% | −0.14 |
| RY Royal Bank of Canada | Reduce -11.3% | 5.76% | −0.13 |
| ORCL Oracle Corp. | Reduce -26.8% | 0.51% | −0.10 |
| IMO Imperial Oil Ltd. | Reduce -0.4% | 2.79% | −0.09 |
| FNV Franco-Nevada Corp. | Reduce -0.4% | 2.74% | −0.05 |
| RBA RB Global Inc. | Reduce -0.3% | 2.98% | −0.03 |
| UNH Unitedhealth Group Inc. | Reduce -7.6% | 3.17% | −0.01 |
| CP Canadian Pacific Kansas City | Reduce -0.4% | 1.82% | +0.03 |
| BAM Brookfield Asset Mgmt-A | Reduce -0.3% | 2.32% | +0.33 |
| TD Toronto-Dominion Bank | Reduce -0.3% | 4.84% | +0.36 |
| FTS Fortis Inc. | Reduce -0.3% | 4.08% | +0.36 |
| SLF Sun Life Financial Inc. | Reduce -0.3% | 6.21% | +0.62 |
Portfolio Buys Q2 2024 → Q3 2024
| TFII Tfi International Inc. | New | 2.64% | +2.64 |
| TIXT Telus International Cda Inc. | Add +398.0% | 2.08% | +1.42 |
| ENB Enbridge Inc. | Add +12.8% | 5.60% | +0.98 |
| SOLV Solventum Corp. | Add +59.4% | 1.54% | +0.76 |
| DRI Darden Restaurants Inc. | Add +151.6% | 1.22% | +0.74 |
| BABA Alibaba Group Holding-SP ADR | Add +57.8% | 1.34% | +0.73 |
| AZO AutoZone Inc. | Add +69.8% | 1.40% | +0.58 |
| SBUX Starbucks Corp. | Add +9.5% | 1.63% | +0.37 |
| AFL Aflac Inc. | Add +0.6% | 0.45% | +0.07 |
| JNJ Johnson & Johnson | Add +0.3% | 1.39% | +0.06 |
| CMI Cummins Inc. | Add +0.6% | 0.56% | +0.05 |
| HD Home Depot Inc. | Add +0.7% | 0.38% | +0.04 |
| UNP Union Pacific Corp. | Add +0.3% | 1.13% | +0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.7% | 0.44% | +0.03 |
| AXP American Express Co. | Add +0.5% | 0.27% | +0.03 |
| THO Thor Industries Inc. | Add +0.2% | 0.27% | +0.03 |
| OGS One Gas Inc. | Add +2.8% | 0.09% | +0.01 |
| NVEE NV5 Global Inc. | Add +2.8% | 0.04% | −0.00 |
| JPM JPMorgan Chase & Co. | Add +0.6% | 0.55% | −0.01 |
| STR Sitio Royalties Corp. Class A | Add +2.8% | 0.09% | −0.01 |
| HRL Hormel Foods Corp. | Add +0.3% | 0.76% | −0.02 |
| XOM Exxon Mobil Corp. | Add +0.6% | 0.43% | −0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +0.5% | 0.09% | −0.02 |
| ROST Ross Stores Inc. | Add +0.3% | 1.04% | −0.02 |
| CVX Chevron Corp. | Add +0.6% | 0.30% | −0.04 |
| MCK McKesson Corp. | Add +0.6% | 0.15% | −0.04 |
| PEP Pepsico Inc. | Add +0.3% | 1.42% | −0.04 |
| PCAR Paccar Inc. | Add +0.6% | 0.40% | −0.04 |
| NRC NRC Health | Add +0.2% | 0.68% | −0.04 |
| SAM Boston Beer Company Inc. Class A | Add +0.4% | 0.53% | −0.06 |
| MRK Merck & Co. Inc. | Add +0.6% | 0.41% | −0.06 |
| EOG EOG Resources Inc. | Add +0.2% | 0.97% | −0.08 |
| DIS The Walt Disney Co. | Add +0.3% | 0.94% | −0.09 |
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 |