Value Partners Investments Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed February 21, 2025), Value Partners Investments Inc. reported 89 stock positions worth $1.2 billion. Its top holding was Cisco Systems (CSCO) at 7.4% of the portfolio, followed by United Parcel Service Class B (UPS, 6.4%) and Open Text (OTEX, 6.3%). Compared with Q2 2024, it opened 5 new positions, sold out of 2, added to 62 and reduced 15. The biggest buy was Alphabet Class A (GOOGL, shares +1588%) and the biggest sale an exit from Oracle (ORCL).

Most Recent 13F
Q2 2026
Location
WINNIPEG, A2
CIK
0001800916
Portfolio Value
$1.2B (Q3 2024)
SEC Filing
0001062993-25-003136 ↗ filed Feb 21, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.2B Q1 2024 Q2 2024: $1.2B Q2 2024 Q3 2024: $1.2B $1.2B Q3 2024 Q4 2024: $177.2M Q4 2024 Q1 2025: $1.2B Q1 2025 Q2 2025: $1.3B Q2 2025 Q3 2025: $1.2B Q3 2025 Q4 2025: $1.3B Q4 2025 Q1 2026: $1.3B Q1 2026 Q2 2026: $1.4B Q2 2026

Holdings 89 stocks · $1.2B
CSCO Cisco Systems Inc. 7.39% 1,713,703 $91.3M Add +0.3%
UPS United Parcel Service Class B 6.39% 578,277 $78.9M Add +13.5%
OTEX Open Text Corp. 6.32% 2,342,166 $78.1M Add +2.2%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 6.25% 1,414,842 $77.2M Add +0.3%
CVS CVS Health Corp. 6.09% 1,195,276 $75.2M Add +0.4%
RCI Rogers Communications Inc. Class B 5.62% 1,722,621 $69.4M Add +1.4%
TD Toronto-Dominion Bank 5.58% 1,087,979 $68.9M Reduce -6.7%
BMO Bank of Montreal filed as BANK MONTREAL QUE 5.56% 760,524 $68.8M Add +0.3%
SLF Sun Life Financial Inc. 5.37% 1,142,090 $66.4M Reduce -21.5%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 5.30% 1,065,341 $65.5M Reduce -14.1%
EA Electronic Arts Inc. 3.74% 321,940 $46.2M Add +0.3%
MGA Magna International Inc. 3.62% 1,087,174 $44.7M Add +1.9%
GOOGL Alphabet Inc. Class A 3.33% 248,224 $41.2M Add +1587.8%
RY Royal Bank of Canada 3.25% 321,138 $40.2M Reduce -34.5%
FDX FedEx Corp. 3.21% 144,613 $39.6M Add +0.3%
CNI Canadian Natl Railway Co. 2.48% 261,397 $30.7M Add +1.0%
CP Canadian Pacific Kansas City 2.47% 355,835 $30.5M Add +0.4%
HD Home Depot Inc. 2.02% 61,615 $25.0M Reduce -25.8%
MSFT Microsoft Corp. 1.80% 51,719 $22.3M Add +1.9%
V Visa Inc. Class A 1.60% 71,851 $19.8M Add +0.3%
YUMC Yum China Holdings Inc. 0.93% 255,950 $11.5M Add +27.4%
SAP Sap SE-Sponsored ADR 0.79% 42,543 $9.8M Reduce -0.0%
UBS UBS Group AG-Reg 0.65% 260,881 $8.1M No change
MDT Medtronic PLC 0.63% 86,389 $7.8M No change
UNH Unitedhealth Group Inc. 0.56% 11,766 $6.9M Add +1.5%
AMT American Tower Corp. 0.43% 22,642 $5.3M Reduce -0.1%
VZ Verizon Communications Inc. 0.43% 117,080 $5.3M Add +20.6%
CMCSA Comcast Corp. Class A 0.41% 120,840 $5.1M Add +22.3%
FTS Fortis Inc. 0.41% 110,154 $5.0M Reduce -18.3%
DEO Diageo PLC-Sponsored ADR 0.40% 35,220 $4.9M Add +29.4%
INFY Infosys Ltd.-SP ADR 0.38% 212,000 $4.7M No change
MDLZ Mondelez International Inc. Class A 0.34% 57,456 $4.2M New
MA Mastercard Inc. Class A 0.32% 8,060 $4.0M Add +5.6%
PEP Pepsico Inc. 0.28% 20,209 $3.4M Add +0.3%
HSY The Hershey Co. 0.25% 16,098 $3.1M Add +3.9%
LOW Lowe's Cos Inc. 0.25% 11,325 $3.1M Add +8.1%
TMO Thermo Fisher Scientific Inc. 0.24% 4,807 $3.0M Add +1.2%
CARR Carrier Global Corp. 0.21% 32,764 $2.6M Add +8.0%
SHW The Sherwin-Williams Co. 0.20% 6,387 $2.4M Add +4.7%
GE General Electric filed as GE AEROSPACE 0.20% 12,892 $2.4M Add +5.9%
MSCI MSCI Inc. 0.20% 4,134 $2.4M Add +5.8%
CTAS Cintas Corp. 0.19% 11,621 $2.4M Add +7.2%
MCO Moody's Corp. 0.19% 5,038 $2.4M Add +6.5%
CTVA Corteva Inc. 0.19% 39,620 $2.3M Add +6.7%
ODFL Old Dominion Freight Line 0.19% 11,598 $2.3M Add +6.1%
ZTS Zoetis Inc. 0.18% 11,665 $2.3M Add +6.3%
MRSH Marsh & McLennan Cos 0.18% 9,875 $2.2M Add +8.2%
INTU Intuit Inc. 0.17% 3,304 $2.1M Add +7.0%
AVGO Broadcom Inc. 0.16% 11,674 $2.0M Add +11.3%
CSX CSX Corp. 0.16% 58,257 $2.0M Add +7.2%
MCK McKesson Corp. 0.16% 3,955 $2.0M Add +13.5%
AMAT Applied Materials Inc. 0.15% 9,103 $1.8M Add +14.9%
MCHP Microchip Technology Inc. 0.14% 22,120 $1.8M Add +13.8%
BSY Bentley Systems Inc. Class B 0.14% 34,608 $1.8M No change
MRK Merck & Co. Inc. 0.14% 15,373 $1.7M Add +0.5%
ENB Enbridge Inc. 0.14% 41,628 $1.7M Reduce -1.5%
BRK.B Berkshire Hathaway Inc. Class B 0.13% 3,536 $1.6M Reduce -9.3%
ICE Intercontinental Exchange Inc. 0.12% 9,466 $1.5M Add +9.2%
BN Brookfield Corp. 0.12% 27,610 $1.5M Add +9.2%
TFII Tfi International Inc. 0.08% 7,446 $1.0M Add +9.7%
AAPL Apple Inc. 0.08% 4,294 $1.0M Add +6.8%
CNQ Canadian Natural Resources 0.07% 26,746 $890K Add +11.1%
TSLA Tesla Inc. 0.07% 3,296 $864K No change
AME Ametek Inc. 0.07% 4,974 $856K Add +10.6%
HON Honeywell International Inc. 0.06% 3,544 $734K Add +8.8%
ROP Roper Technologies Inc. 0.06% 1,290 $719K Add +10.7%
DPZ Domino's Pizza Inc. 0.06% 1,666 $718K New
WPM Wheaton Precious Metals Corp. 0.05% 10,780 $660K Reduce -36.5%
TRI Thomson Reuters Corp. 0.05% 3,636 $621K Add +12.8%
TXN Texas Instruments Inc. 0.05% 2,988 $618K Add +9.9%
BIP Brookfield Infrastructure Pa 0.05% 17,015 $598K New
UL Unilever PLC 0.05% 8,752 $569K Add +4.6%
NVS Novartis AG-Sponsored ADR 0.04% 4,660 $537K Add +2.6%
DHR Danaher Corp. 0.04% 1,854 $516K Add +9.7%
AON Aon PLC Class A 0.04% 1,457 $505K Add +12.9%
DE Deere & Co. 0.04% 1,174 $491K Add +71.4%
BDX Becton Dickinson and Co. 0.04% 1,816 $439K Add +7.4%
IGSB iShares 1-5Y Inv Grade Corp. 0.03% 8,083 $426K Add +23.6%
IEI iShares 3-7 Year Treasury Bo 0.03% 2,862 $343K No change
MFC Manulife Financial Corp. 0.03% 10,547 $312K Reduce -6.3%
VLTO Veralto Corp. 0.02% 2,736 $306K New
INTC Intel Corp. 0.02% 12,751 $300K Add +8.6%
BCE Bce Inc. 0.02% 7,610 $265K Reduce -18.4%
VET Vermilion Energy Inc. 0.02% 25,694 $251K No change
MEOH Methanex Corp. 0.02% 5,642 $234K Add +10.4%
TU Telus Corp. 0.02% 13,686 $230K Reduce -10.3%
LIN Linde PLC 0.02% 449 $214K New
SU Suncor Energy Inc. 0.02% 5,646 $209K Add +3.7%
AQN Algonquin Power & Utilities 0.01% 32,809 $180K Reduce -9.3%

Portfolio Sells Q2 2024 → Q3 2024
ORCL Oracle Corp. Sold out 0.00% −2.78
RY Royal Bank of Canada Reduce -34.5% 3.25% −1.27
SLF Sun Life Financial Inc. Reduce -21.5% 5.37% −0.81
HD Home Depot Inc. Reduce -25.8% 2.02% −0.46
SBUX Starbucks Corp. Sold out 0.00% −0.30
FTS Fortis Inc. Reduce -18.3% 0.41% −0.05
WPM Wheaton Precious Metals Corp. Reduce -36.5% 0.05% −0.02
BRK.B Berkshire Hathaway Inc. Class B Reduce -9.3% 0.13% −0.01
BCE Bce Inc. Reduce -18.4% 0.02% −0.00
AQN Algonquin Power & Utilities Reduce -9.3% 0.01% −0.00
TU Telus Corp. Reduce -10.3% 0.02% −0.00
MFC Manulife Financial Corp. Reduce -6.3% 0.03% −0.00
ENB Enbridge Inc. Reduce -1.5% 0.14% +0.01
TD Toronto-Dominion Bank Reduce -6.7% 5.58% +0.02
AMT American Tower Corp. Reduce -0.1% 0.43% +0.04
SAP Sap SE-Sponsored ADR Reduce -0.0% 0.79% +0.05
CM Can Imperial BK of Commerce Reduce -14.1% 5.30% +0.19

Portfolio Buys Q2 2024 → Q3 2024
GOOGL Alphabet Inc. Class A Add +1587.8% 3.33% +3.10
BNS Bank of Nova Scotia Add +0.3% 6.25% +0.66
YUMC Yum China Holdings Inc. Add +27.4% 0.93% +0.40
OTEX Open Text Corp. Add +2.2% 6.32% +0.36
CSCO Cisco Systems Inc. Add +0.3% 7.39% +0.35
MDLZ Mondelez International Inc. Class A New 0.34% +0.34
UPS United Parcel Service Class B Add +13.5% 6.39% +0.34
RCI Rogers Communications Inc. Class B Add +1.4% 5.62% +0.17
DEO Diageo PLC-Sponsored ADR Add +29.4% 0.40% +0.10
VZ Verizon Communications Inc. Add +20.6% 0.43% +0.08
CMCSA Comcast Corp. Class A Add +22.3% 0.41% +0.07
DPZ Domino's Pizza Inc. New 0.06% +0.06
LOW Lowe's Cos Inc. Add +8.1% 0.25% +0.05
BIP Brookfield Infrastructure Pa New 0.05% +0.05
BMO Bank of Montreal Add +0.3% 5.56% +0.05
CARR Carrier Global Corp. Add +8.0% 0.21% +0.05
CP Canadian Pacific Kansas City Add +0.4% 2.47% +0.05
UNH Unitedhealth Group Inc. Add +1.5% 0.56% +0.05
SHW The Sherwin-Williams Co. Add +4.7% 0.20% +0.04
MSCI MSCI Inc. Add +5.8% 0.20% +0.03
MA Mastercard Inc. Class A Add +5.6% 0.32% +0.03
CTAS Cintas Corp. Add +7.2% 0.19% +0.03
GE General Electric Add +5.9% 0.20% +0.03
BN Brookfield Corp. Add +9.2% 0.12% +0.03
VLTO Veralto Corp. New 0.02% +0.02
MCO Moody's Corp. Add +6.5% 0.19% +0.02
ICE Intercontinental Exchange Inc. Add +9.2% 0.12% +0.02
ZTS Zoetis Inc. Add +6.3% 0.18% +0.02
ODFL Old Dominion Freight Line Add +6.1% 0.19% +0.02
DE Deere & Co. Add +71.4% 0.04% +0.02
LIN Linde PLC New 0.02% +0.02
AVGO Broadcom Inc. Add +11.3% 0.16% +0.02
CTVA Corteva Inc. Add +6.7% 0.19% +0.02
TMO Thermo Fisher Scientific Inc. Add +1.2% 0.24% +0.01
MRSH Marsh & McLennan Cos Add +8.2% 0.18% +0.01
AON Aon PLC Class A Add +12.9% 0.04% +0.01
AAPL Apple Inc. Add +6.8% 0.08% +0.01
UL Unilever PLC Add +4.6% 0.05% +0.01
CSX CSX Corp. Add +7.2% 0.16% +0.01
IGSB iShares 1-5Y Inv Grade Corp. Add +23.6% 0.03% +0.01
DHR Danaher Corp. Add +9.7% 0.04% +0.01
AME Ametek Inc. Add +10.6% 0.07% +0.00
TXN Texas Instruments Inc. Add +9.9% 0.05% +0.00
HSY The Hershey Co. Add +3.9% 0.25% +0.00
TRI Thomson Reuters Corp. Add +12.8% 0.05% +0.00
NVS Novartis AG-Sponsored ADR Add +2.6% 0.04% +0.00
ROP Roper Technologies Inc. Add +10.7% 0.06% +0.00
BDX Becton Dickinson and Co. Add +7.4% 0.04% +0.00
HON Honeywell International Inc. Add +8.8% 0.06% −0.00
SU Suncor Energy Inc. Add +3.7% 0.02% −0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 104$1.4BMSFT, CNI, SLF, CRM, HD
Q1 2026 105$1.3BCRM, MSFT, SLF, RCI, CNI
Q4 2025 100$1.3BGOOGL, BNS, CM, SLF, RCI
Q3 2025 101$1.2BOTEX, RCI, GOOGL, BNS, CM
Q2 2025 101$1.3BGOOGL, OTEX, SLF, RCI, BNS
Q1 2025 100$1.2BCVS, GOOGL, SLF, UPS, RCI
Q4 2024Amended 77$177.2MGOOGL, TD, CSCO, SLF, BNS
Q3 2024Amended 89$1.2BCSCO, UPS, OTEX, BNS, CVS
Q2 2024Amended 86$1.2BCSCO, SLF, CVS, UPS, OTEX
Q1 2024Amended 82$1.2BCSCO, CVS, OTEX, SLF, RY