Value Partners Investments Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 21, 2025), Value Partners Investments Inc. reported 77 stock positions worth $177.2 million. Its top holding was Alphabet Class A (GOOGL) at 4.7% of the portfolio, followed by Toronto-Dominion Bank (TD, 3.6%) and Cisco Systems (CSCO, 3.5%). Compared with Q3 2024, it opened 1 new position, sold out of 13, added to 34 and reduced 40. The biggest buy was Lowe's Cos (LOW, shares +5%) and the biggest sale Cisco Systems (CSCO, shares −94%).
- Most Recent 13F
- Q2 2026
- Location
- WINNIPEG, A2
- CIK
- 0001800916
- Portfolio Value
- $177.2M (Q4 2024)
- SEC Filing
- 0001062993-25-003138 ↗ filed Feb 21, 2025
Holdings Value
Holdings 77 stocks · $177.2M
| GOOGL Alphabet Inc. Class A | 4.66% | 43,655 | $8.3M | Reduce -82.4% |
| TD Toronto-Dominion Bank | 3.55% | 118,337 | $6.3M | Reduce -89.1% |
| CSCO Cisco Systems Inc. | 3.45% | 103,329 | $6.1M | Reduce -94.0% |
| SLF Sun Life Financial Inc. | 3.40% | 101,634 | $6.0M | Reduce -91.1% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 3.38% | 111,609 | $6.0M | Reduce -92.1% |
| UPS United Parcel Service Class B | 3.37% | 47,378 | $6.0M | Reduce -91.8% |
| RY Royal Bank of Canada | 3.26% | 47,884 | $5.8M | Reduce -85.1% |
| V Visa Inc. Class A | 3.12% | 17,526 | $5.5M | Reduce -75.6% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 3.08% | 56,254 | $5.5M | Reduce -92.6% |
| RCI Rogers Communications Inc. Class B | 2.96% | 170,909 | $5.2M | Reduce -90.1% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 2.95% | 82,806 | $5.2M | Reduce -92.2% |
| OTEX Open Text Corp. | 2.95% | 184,900 | $5.2M | Reduce -92.1% |
| MSFT Microsoft Corp. | 2.93% | 12,307 | $5.2M | Reduce -76.2% |
| CVS CVS Health Corp. | 2.85% | 112,728 | $5.1M | Reduce -90.6% |
| CNI Canadian Natl Railway Co. | 2.64% | 46,036 | $4.7M | Reduce -82.4% |
| MA Mastercard Inc. Class A | 2.37% | 7,965 | $4.2M | Reduce -1.2% |
| MGA Magna International Inc. | 2.30% | 97,585 | $4.1M | Reduce -91.0% |
| EA Electronic Arts Inc. | 2.13% | 25,753 | $3.8M | Reduce -92.0% |
| FDX FedEx Corp. | 1.89% | 11,910 | $3.3M | Reduce -91.8% |
| CP Canadian Pacific Kansas City | 1.88% | 45,947 | $3.3M | Reduce -87.1% |
| LOW Lowe's Cos Inc. | 1.66% | 11,916 | $2.9M | Add +5.2% |
| AVGO Broadcom Inc. | 1.57% | 12,021 | $2.8M | Add +3.0% |
| TMO Thermo Fisher Scientific Inc. | 1.52% | 5,196 | $2.7M | Add +8.1% |
| HSY The Hershey Co. | 1.50% | 15,721 | $2.7M | Reduce -2.3% |
| MSCI MSCI Inc. | 1.45% | 4,285 | $2.6M | Add +3.6% |
| MCO Moody's Corp. | 1.39% | 5,220 | $2.5M | Add +3.6% |
| CTVA Corteva Inc. | 1.30% | 40,342 | $2.3M | Add +1.8% |
| GE General Electric filed as GE AEROSPACE | 1.28% | 13,638 | $2.3M | Add +5.8% |
| SHW The Sherwin-Williams Co. | 1.28% | 6,683 | $2.3M | Add +4.6% |
| MCK McKesson Corp. | 1.25% | 3,880 | $2.2M | Reduce -1.9% |
| CTAS Cintas Corp. | 1.24% | 12,024 | $2.2M | Add +3.5% |
| MRSH Marsh & McLennan Cos | 1.24% | 10,337 | $2.2M | Add +4.7% |
| UNH Unitedhealth Group Inc. | 1.24% | 4,332 | $2.2M | Reduce -63.2% |
| INTU Intuit Inc. | 1.19% | 3,363 | $2.1M | Add +1.8% |
| ODFL Old Dominion Freight Line | 1.18% | 11,875 | $2.1M | Add +2.4% |
| HD Home Depot Inc. | 1.15% | 5,251 | $2.0M | Reduce -91.5% |
| ZTS Zoetis Inc. | 1.14% | 12,414 | $2.0M | Add +6.4% |
| CARR Carrier Global Corp. | 1.12% | 29,041 | $2.0M | Reduce -11.4% |
| CSX CSX Corp. | 1.09% | 60,027 | $1.9M | Add +3.0% |
| MCHP Microchip Technology Inc. | 1.02% | 31,456 | $1.8M | Add +42.2% |
| ENB Enbridge Inc. | 0.99% | 41,225 | $1.7M | Reduce -1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.94% | 3,675 | $1.7M | Add +3.9% |
| BSY Bentley Systems Inc. Class B | 0.91% | 34,608 | $1.6M | No change |
| AMAT Applied Materials Inc. | 0.91% | 9,896 | $1.6M | Add +8.7% |
| ICE Intercontinental Exchange Inc. | 0.86% | 10,200 | $1.5M | Add +7.8% |
| MRK Merck & Co. Inc. | 0.80% | 14,269 | $1.4M | Reduce -7.2% |
| BN Brookfield Corp. | 0.78% | 23,957 | $1.4M | Reduce -13.2% |
| AAPL Apple Inc. | 0.64% | 4,541 | $1.1M | Add +5.8% |
| TFII Tfi International Inc. | 0.60% | 7,887 | $1.1M | Add +5.9% |
| AME Ametek Inc. | 0.53% | 5,228 | $942K | Add +5.1% |
| TSLA Tesla Inc. | 0.52% | 2,296 | $927K | Reduce -30.3% |
| CNQ Canadian Natural Resources | 0.48% | 27,416 | $846K | Add +2.5% |
| SAP Sap SE-Sponsored ADR | 0.43% | 3,101 | $763K | Reduce -92.7% |
| DPZ Domino's Pizza Inc. | 0.42% | 1,772 | $743K | Add +6.4% |
| ROP Roper Technologies Inc. | 0.40% | 1,381 | $717K | Add +7.0% |
| WPM Wheaton Precious Metals Corp. | 0.37% | 11,780 | $662K | Add +9.3% |
| TRI Thomson Reuters Corp. | 0.34% | 3,762 | $603K | Add +3.5% |
| TXN Texas Instruments Inc. | 0.34% | 3,178 | $595K | Add +6.4% |
| HON Honeywell International Inc. | 0.33% | 2,586 | $584K | Reduce -27.0% |
| BIP Brookfield Infrastructure Pa | 0.33% | 18,278 | $580K | Add +7.4% |
| AON Aon PLC Class A | 0.30% | 1,485 | $533K | Add +1.9% |
| UL Unilever PLC | 0.28% | 8,907 | $505K | Add +1.8% |
| FTS Fortis Inc. | 0.26% | 11,181 | $464K | Reduce -89.8% |
| NVS Novartis AG-Sponsored ADR | 0.26% | 4,693 | $456K | Add +0.7% |
| BDX Becton Dickinson and Co. | 0.23% | 1,833 | $416K | Add +0.9% |
| DE Deere & Co. | 0.21% | 886 | $375K | Reduce -24.5% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.20% | 6,833 | $353K | Reduce -15.5% |
| DHR Danaher Corp. | 0.19% | 1,465 | $336K | Reduce -21.0% |
| MEOH Methanex Corp. | 0.17% | 6,053 | $302K | Add +7.3% |
| IEI iShares 3-7 Year Treasury Bo | 0.17% | 2,605 | $301K | Reduce -9.0% |
| MFC Manulife Financial Corp. | 0.17% | 9,581 | $294K | Reduce -9.2% |
| LIN Linde PLC | 0.16% | 670 | $280K | Add +49.2% |
| TRP TC Energy Corp. | 0.14% | 5,253 | $245K | New |
| VET Vermilion Energy Inc. | 0.14% | 25,694 | $242K | No change |
| VLTO Veralto Corp. | 0.13% | 2,230 | $227K | Reduce -18.5% |
| TU Telus Corp. | 0.10% | 12,514 | $170K | Reduce -8.6% |
| AQN Algonquin Power & Utilities | 0.05% | 20,073 | $89K | Reduce -38.8% |
Portfolio Sells Q3 2024 → Q4 2024
| CSCO Cisco Systems Inc. | Reduce -94.0% | 3.45% | −3.94 |
| OTEX Open Text Corp. | Reduce -92.1% | 2.95% | −3.37 |
| CVS CVS Health Corp. | Reduce -90.6% | 2.85% | −3.23 |
| UPS United Parcel Service Class B | Reduce -91.8% | 3.37% | −3.02 |
| BNS Bank of Nova Scotia | Reduce -92.1% | 3.38% | −2.87 |
| RCI Rogers Communications Inc. Class B | Reduce -90.1% | 2.96% | −2.65 |
| BMO Bank of Montreal | Reduce -92.6% | 3.08% | −2.48 |
| CM Can Imperial BK of Commerce | Reduce -92.2% | 2.95% | −2.34 |
| TD Toronto-Dominion Bank | Reduce -89.1% | 3.55% | −2.02 |
| SLF Sun Life Financial Inc. | Reduce -91.1% | 3.40% | −1.97 |
| EA Electronic Arts Inc. | Reduce -92.0% | 2.13% | −1.61 |
| MGA Magna International Inc. | Reduce -91.0% | 2.30% | −1.32 |
| FDX FedEx Corp. | Reduce -91.8% | 1.89% | −1.32 |
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −0.93 |
| HD Home Depot Inc. | Reduce -91.5% | 1.15% | −0.87 |
| UBS UBS Group AG-Reg | Sold out | 0.00% | −0.65 |
| MDT Medtronic PLC | Sold out | 0.00% | −0.63 |
| CP Canadian Pacific Kansas City | Reduce -87.1% | 1.88% | −0.59 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.43 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.43 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.41 |
| DEO Diageo PLC-Sponsored ADR | Sold out | 0.00% | −0.40 |
| INFY Infosys Ltd.-SP ADR | Sold out | 0.00% | −0.38 |
| SAP Sap SE-Sponsored ADR | Reduce -92.7% | 0.43% | −0.36 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.34 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.28 |
| FTS Fortis Inc. | Reduce -89.8% | 0.26% | −0.14 |
| INTC Intel Corp. | Sold out | 0.00% | −0.02 |
| BCE Bce Inc. | Sold out | 0.00% | −0.02 |
| SU Suncor Energy Inc. | Sold out | 0.00% | −0.02 |
| RY Royal Bank of Canada | Reduce -85.1% | 3.26% | +0.01 |
| AQN Algonquin Power & Utilities | Reduce -38.8% | 0.05% | +0.04 |
| TU Telus Corp. | Reduce -8.6% | 0.10% | +0.08 |
| VLTO Veralto Corp. | Reduce -18.5% | 0.13% | +0.10 |
| MFC Manulife Financial Corp. | Reduce -9.2% | 0.17% | +0.14 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -9.0% | 0.17% | +0.14 |
| DHR Danaher Corp. | Reduce -21.0% | 0.19% | +0.15 |
| CNI Canadian Natl Railway Co. | Reduce -82.4% | 2.64% | +0.15 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -15.5% | 0.20% | +0.16 |
| DE Deere & Co. | Reduce -24.5% | 0.21% | +0.17 |
| HON Honeywell International Inc. | Reduce -27.0% | 0.33% | +0.27 |
| TSLA Tesla Inc. | Reduce -30.3% | 0.52% | +0.45 |
| BN Brookfield Corp. | Reduce -13.2% | 0.78% | +0.66 |
| MRK Merck & Co. Inc. | Reduce -7.2% | 0.80% | +0.66 |
| UNH Unitedhealth Group Inc. | Reduce -63.2% | 1.24% | +0.68 |
| ENB Enbridge Inc. | Reduce -1.0% | 0.99% | +0.85 |
| CARR Carrier Global Corp. | Reduce -11.4% | 1.12% | +0.90 |
| MCK McKesson Corp. | Reduce -1.9% | 1.25% | +1.09 |
| MSFT Microsoft Corp. | Reduce -76.2% | 2.93% | +1.12 |
| HSY The Hershey Co. | Reduce -2.3% | 1.50% | +1.25 |
Portfolio Buys Q3 2024 → Q4 2024
| LOW Lowe's Cos Inc. | Add +5.2% | 1.66% | +1.41 |
| AVGO Broadcom Inc. | Add +3.0% | 1.57% | +1.41 |
| TMO Thermo Fisher Scientific Inc. | Add +8.1% | 1.52% | +1.28 |
| MSCI MSCI Inc. | Add +3.6% | 1.45% | +1.25 |
| MCO Moody's Corp. | Add +3.6% | 1.39% | +1.20 |
| CTVA Corteva Inc. | Add +1.8% | 1.30% | +1.11 |
| GE General Electric | Add +5.8% | 1.28% | +1.09 |
| SHW The Sherwin-Williams Co. | Add +4.6% | 1.28% | +1.08 |
| MRSH Marsh & McLennan Cos | Add +4.7% | 1.24% | +1.06 |
| CTAS Cintas Corp. | Add +3.5% | 1.24% | +1.05 |
| INTU Intuit Inc. | Add +1.8% | 1.19% | +1.03 |
| ODFL Old Dominion Freight Line | Add +2.4% | 1.18% | +0.99 |
| ZTS Zoetis Inc. | Add +6.4% | 1.14% | +0.96 |
| CSX CSX Corp. | Add +3.0% | 1.09% | +0.93 |
| MCHP Microchip Technology Inc. | Add +42.2% | 1.02% | +0.87 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +3.9% | 0.94% | +0.81 |
| AMAT Applied Materials Inc. | Add +8.7% | 0.91% | +0.76 |
| ICE Intercontinental Exchange Inc. | Add +7.8% | 0.86% | +0.73 |
| AAPL Apple Inc. | Add +5.8% | 0.64% | +0.56 |
| TFII Tfi International Inc. | Add +5.9% | 0.60% | +0.52 |
| AME Ametek Inc. | Add +5.1% | 0.53% | +0.46 |
| CNQ Canadian Natural Resources | Add +2.5% | 0.48% | +0.41 |
| DPZ Domino's Pizza Inc. | Add +6.4% | 0.42% | +0.36 |
| ROP Roper Technologies Inc. | Add +7.0% | 0.40% | +0.35 |
| WPM Wheaton Precious Metals Corp. | Add +9.3% | 0.37% | +0.32 |
| TRI Thomson Reuters Corp. | Add +3.5% | 0.34% | +0.29 |
| TXN Texas Instruments Inc. | Add +6.4% | 0.34% | +0.29 |
| BIP Brookfield Infrastructure Pa | Add +7.4% | 0.33% | +0.28 |
| AON Aon PLC Class A | Add +1.9% | 0.30% | +0.26 |
| UL Unilever PLC | Add +1.8% | 0.28% | +0.24 |
| NVS Novartis AG-Sponsored ADR | Add +0.7% | 0.26% | +0.21 |
| BDX Becton Dickinson and Co. | Add +0.9% | 0.23% | +0.20 |
| MEOH Methanex Corp. | Add +7.3% | 0.17% | +0.15 |
| LIN Linde PLC | Add +49.2% | 0.16% | +0.14 |
| TRP TC Energy Corp. | New | 0.14% | +0.14 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 104 | $1.4B | MSFT, CNI, SLF, CRM, HD |
| Q1 2026 | 105 | $1.3B | CRM, MSFT, SLF, RCI, CNI |
| Q4 2025 | 100 | $1.3B | GOOGL, BNS, CM, SLF, RCI |
| Q3 2025 | 101 | $1.2B | OTEX, RCI, GOOGL, BNS, CM |
| Q2 2025 | 101 | $1.3B | GOOGL, OTEX, SLF, RCI, BNS |
| Q1 2025 | 100 | $1.2B | CVS, GOOGL, SLF, UPS, RCI |
| Q4 2024Amended | 77 | $177.2M | GOOGL, TD, CSCO, SLF, BNS |
| Q3 2024Amended | 89 | $1.2B | CSCO, UPS, OTEX, BNS, CVS |
| Q2 2024Amended | 86 | $1.2B | CSCO, SLF, CVS, UPS, OTEX |
| Q1 2024Amended | 82 | $1.2B | CSCO, CVS, OTEX, SLF, RY |