QV Investors Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 23, 2026), QV Investors Inc. reported 65 stock positions worth $1.2 billion. Its top holding was Sunococorp (SUNC) at 5.8% of the portfolio, followed by Royal Bank of Canada (RY, 5.4%) and Canadian Natl Railway (CNI, 5.1%). Compared with Q4 2025, it opened 3 new positions, sold out of 2, added to 9 and reduced 50. The biggest buy was EOG Resources (EOG, shares +133%) and the biggest sale Sun Life Financial (SLF, shares −35%).
- Most Recent 13F
- Q2 2026
- Location
- CALGARY, A0
- CIK
- 0001570253
- Portfolio Value
- $1.2B (Q1 2026)
- SEC Filing
- 0001570253-26-000002 ↗ filed Apr 23, 2026
Holdings Value
Holdings 65 stocks · $1.2B
| SUNC Sunococorp LLC | 5.84% | 1,171,414 | $72.2M | Reduce -1.4% |
| RY Royal Bank of Canada | 5.38% | 412,370 | $66.4M | Reduce -2.0% |
| CNI Canadian Natl Railway Co. | 5.12% | 616,110 | $63.2M | Reduce -2.1% |
| CP Canadian Pacific Kansas City | 4.53% | 712,976 | $55.9M | Reduce -2.1% |
| FNV Franco-Nevada Corp. | 4.43% | 221,912 | $54.8M | Reduce -2.0% |
| GIB Cgi Inc. | 4.08% | 692,642 | $50.5M | Reduce -2.1% |
| FTS Fortis Inc. | 3.84% | 853,037 | $47.4M | Reduce -5.2% |
| TFII Tfi International Inc. filed as TRANSFORCE INC | 3.52% | 401,295 | $43.5M | Reduce -2.1% |
| TD Toronto-Dominion Bank | 3.48% | 461,384 | $43.0M | Reduce -2.1% |
| EMA Emera Inc. | 3.27% | 782,886 | $40.5M | Reduce -2.1% |
| ENB Enbridge Inc. | 3.19% | 730,325 | $39.5M | Reduce -33.3% |
| MGA Magna International Inc. | 2.64% | 586,191 | $32.6M | Reduce -2.1% |
| RCI Rogers Communications Inc. Class B | 2.64% | 850,843 | $32.6M | Reduce -2.1% |
| SLF Sun Life Financial Inc. | 2.61% | 516,510 | $32.3M | Reduce -35.3% |
| DOO BRP Inc./Ca- Sub Voting | 2.54% | 438,538 | $31.4M | Reduce -2.1% |
| RBA RB Global Inc. | 2.38% | 307,092 | $29.4M | Reduce -2.1% |
| BN Brookfield Corp. | 2.24% | 684,089 | $27.6M | Add +60.6% |
| CNQ Canadian Natural Resources | 2.22% | 564,807 | $27.5M | Reduce -2.1% |
| IMO Imperial Oil Ltd. | 2.11% | 199,426 | $26.0M | Reduce -2.0% |
| EOG EOG Resources Inc. | 1.96% | 167,245 | $24.2M | Add +132.7% |
| ODFL Old Dominion Freight Line | 1.95% | 123,410 | $24.1M | Reduce -2.0% |
| PEP Pepsico Inc. | 1.81% | 143,675 | $22.3M | Reduce -4.9% |
| CVX Chevron Corp. | 1.54% | 91,937 | $19.0M | Add +298.4% |
| DG Dollar General Corp. | 1.27% | 132,630 | $15.7M | Reduce -6.3% |
| UNP Union Pacific Corp. | 1.27% | 64,521 | $15.7M | Reduce -5.9% |
| MRK Merck & Co. Inc. | 1.26% | 128,937 | $15.5M | Reduce -5.7% |
| WFG West Fraser Timber Co. Ltd. | 1.24% | 236,042 | $15.4M | New |
| XOM Exxon Mobil Corp. | 1.23% | 89,721 | $15.2M | Add +153.8% |
| SBUX Starbucks Corp. | 1.20% | 165,020 | $14.8M | Reduce -6.1% |
| SOLV Solventum Corp. | 1.19% | 224,672 | $14.7M | Reduce -6.1% |
| STN Stantec Inc. | 1.12% | 160,335 | $13.8M | New |
| HAL Halliburton Co. | 1.10% | 348,320 | $13.6M | Add +208.1% |
| AMZN Amazon.com Inc. | 1.07% | 63,700 | $13.3M | Reduce -2.0% |
| UL Unilever PLC-Sponsored ADR | 0.98% | 211,883 | $12.1M | Reduce -4.9% |
| HCC Warrior Met Coal Inc. | 0.90% | 119,975 | $11.2M | Reduce -22.5% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.86% | 287,598 | $10.6M | Add +38.1% |
| CNC Centene Corp. | 0.84% | 316,132 | $10.3M | Reduce -33.0% |
| DRI Darden Restaurants Inc. | 0.81% | 50,832 | $10.0M | Reduce -5.6% |
| GOOGL Alphabet Inc. Class A | 0.78% | 33,300 | $9.6M | Reduce -30.4% |
| THO Thor Industries Inc. | 0.71% | 110,406 | $8.8M | Add +0.5% |
| NFLX Netflix Inc. | 0.71% | 90,890 | $8.7M | New |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.59% | 102,120 | $7.3M | Reduce -6.0% |
| AZO AutoZone Inc. | 0.59% | 2,162 | $7.3M | Reduce -2.7% |
| UNH Unitedhealth Group Inc. | 0.56% | 25,554 | $6.9M | Reduce -47.2% |
| OZK Bank Ozk | 0.54% | 145,370 | $6.7M | Reduce -8.9% |
| JNJ Johnson & Johnson | 0.53% | 26,730 | $6.5M | Reduce -68.3% |
| NRC NRC Health filed as NATIONAL RESH CORP | 0.52% | 381,310 | $6.5M | No change |
| PCAR Paccar Inc. | 0.51% | 55,050 | $6.4M | Reduce -1.8% |
| BABA Alibaba Group Holding-SP ADR | 0.49% | 48,347 | $6.1M | Reduce -2.0% |
| CMI Cummins Inc. | 0.40% | 9,185 | $4.9M | Reduce -30.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.40% | 10,251 | $4.9M | Reduce -2.2% |
| ROST Ross Stores Inc. | 0.32% | 18,470 | $4.0M | Reduce -1.9% |
| AMAT Applied Materials Inc. | 0.31% | 11,030 | $3.8M | Reduce -67.7% |
| JPM JPMorgan Chase & Co. | 0.30% | 12,645 | $3.7M | Reduce -1.9% |
| MMM 3M Co. | 0.29% | 24,500 | $3.6M | Reduce -2.0% |
| LII Lennox International Inc. | 0.29% | 7,614 | $3.5M | Reduce -2.2% |
| HD Home Depot Inc. | 0.24% | 8,867 | $2.9M | Reduce -2.1% |
| AXP American Express Co. | 0.23% | 9,510 | $2.9M | Reduce -2.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.21% | 27,200 | $2.6M | Reduce -2.0% |
| MCK McKesson Corp. | 0.20% | 2,919 | $2.5M | Reduce -2.3% |
| XPEL Xpel Inc. | 0.18% | 51,650 | $2.3M | No change |
| HAE Haemonetics Corp. | 0.14% | 30,720 | $1.7M | Add +40.5% |
| VNOM Viper Energy Inc. Class A | 0.13% | 35,215 | $1.7M | Add +21.8% |
| OGS One Gas Inc. | 0.10% | 14,030 | $1.2M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.07% | 18,800 | $917K | Reduce -2.1% |
Portfolio Sells Q4 2025 → Q1 2026
| SLF Sun Life Financial Inc. | Reduce -35.3% | 2.61% | −1.47 |
| GIB Cgi Inc. | Reduce -2.1% | 4.08% | −1.27 |
| ENB Enbridge Inc. | Reduce -33.3% | 3.19% | −1.10 |
| BAM Brookfield Asset Mgmt-A | Sold out | 0.00% | −1.07 |
| JNJ Johnson & Johnson | Reduce -68.3% | 0.53% | −0.90 |
| CNC Centene Corp. | Reduce -33.0% | 0.84% | −0.75 |
| UNH Unitedhealth Group Inc. | Reduce -47.2% | 0.56% | −0.75 |
| RY Royal Bank of Canada | Reduce -2.0% | 5.38% | −0.50 |
| GOOGL Alphabet Inc. Class A | Reduce -30.4% | 0.78% | −0.45 |
| AMAT Applied Materials Inc. | Reduce -67.7% | 0.31% | −0.41 |
| SOLV Solventum Corp. | Reduce -6.1% | 1.19% | −0.36 |
| EL Estee Lauder Companies Class A | Reduce -6.0% | 0.59% | −0.34 |
| RBA RB Global Inc. | Reduce -2.1% | 2.38% | −0.27 |
| DG Dollar General Corp. | Reduce -6.3% | 1.27% | −0.26 |
| UL Unilever PLC-Sponsored ADR | Reduce -4.9% | 0.98% | −0.22 |
| HCC Warrior Met Coal Inc. | Reduce -22.5% | 0.90% | −0.21 |
| TD Toronto-Dominion Bank | Reduce -2.1% | 3.48% | −0.16 |
| CMI Cummins Inc. | Reduce -30.8% | 0.40% | −0.15 |
| AMZN Amazon.com Inc. | Reduce -2.0% | 1.07% | −0.15 |
| BABA Alibaba Group Holding-SP ADR | Reduce -2.0% | 0.49% | −0.10 |
| MICC The Magnum Ice Cream Co. NV | Sold out | 0.00% | −0.07 |
| AXP American Express Co. | Reduce -2.2% | 0.23% | −0.06 |
| OZK Bank Ozk | Reduce -8.9% | 0.54% | −0.06 |
| DOO BRP Inc./Ca- Sub Voting | Reduce -2.1% | 2.54% | −0.05 |
| RCI Rogers Communications Inc. Class B | Reduce -2.1% | 2.64% | −0.05 |
| DIS The Walt Disney Co. | Reduce -2.0% | 0.21% | −0.05 |
| MMM 3M Co. | Reduce -2.0% | 0.29% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -1.9% | 0.30% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.2% | 0.40% | −0.03 |
| UNP Union Pacific Corp. | Reduce -5.9% | 1.27% | −0.03 |
| AZO AutoZone Inc. | Reduce -2.7% | 0.59% | −0.03 |
| LII Lennox International Inc. | Reduce -2.2% | 0.29% | −0.02 |
| HD Home Depot Inc. | Reduce -2.1% | 0.24% | −0.02 |
| SBUX Starbucks Corp. | Reduce -6.1% | 1.20% | −0.01 |
| BAC Bank of America Corp. | Reduce -2.1% | 0.07% | −0.01 |
| DRI Darden Restaurants Inc. | Reduce -5.6% | 0.81% | −0.00 |
| MCK McKesson Corp. | Reduce -2.3% | 0.20% | +0.00 |
| FTS Fortis Inc. | Reduce -5.2% | 3.84% | +0.01 |
| PCAR Paccar Inc. | Reduce -1.8% | 0.51% | +0.01 |
| CNI Canadian Natl Railway Co. | Reduce -2.1% | 5.12% | +0.02 |
| MGA Magna International Inc. | Reduce -2.1% | 2.64% | +0.03 |
| PEP Pepsico Inc. | Reduce -4.9% | 1.81% | +0.03 |
| EMA Emera Inc. | Reduce -2.1% | 3.27% | +0.05 |
| ROST Ross Stores Inc. | Reduce -1.9% | 0.32% | +0.05 |
| TFII Tfi International Inc. | Reduce -2.1% | 3.52% | +0.05 |
| MRK Merck & Co. Inc. | Reduce -5.7% | 1.26% | +0.08 |
| CP Canadian Pacific Kansas City | Reduce -2.1% | 4.53% | +0.14 |
| ODFL Old Dominion Freight Line | Reduce -2.0% | 1.95% | +0.34 |
| FNV Franco-Nevada Corp. | Reduce -2.0% | 4.43% | +0.59 |
| CNQ Canadian Natural Resources | Reduce -2.1% | 2.22% | +0.62 |
Portfolio Buys Q4 2025 → Q1 2026
| EOG EOG Resources Inc. | Add +132.7% | 1.96% | +1.34 |
| CVX Chevron Corp. | Add +298.4% | 1.54% | +1.25 |
| WFG West Fraser Timber Co. Ltd. | New | 1.24% | +1.24 |
| STN Stantec Inc. | New | 1.12% | +1.12 |
| XOM Exxon Mobil Corp. | Add +153.8% | 1.23% | +0.88 |
| HAL Halliburton Co. | Add +208.1% | 1.10% | +0.84 |
| NFLX Netflix Inc. | New | 0.71% | +0.71 |
| BN Brookfield Corp. | Add +60.6% | 2.24% | +0.63 |
| VNOM Viper Energy Inc. Class A | Add +21.8% | 0.13% | +0.04 |
| HAE Haemonetics Corp. | Add +40.5% | 0.14% | −0.00 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +38.1% | 0.86% | −0.01 |
| THO Thor Industries Inc. | Add +0.5% | 0.71% | −0.21 |
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 |