Value Partners Investments Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 23, 2025), Value Partners Investments Inc. reported 100 stock positions worth $1.2 billion. Its top holding was CVS Health (CVS) at 7.9% of the portfolio, followed by Alphabet Class A (GOOGL, 6.0%) and Sun Life Financial (SLF, 5.5%). Compared with Q4 2024, it opened 25 new positions, sold out of 2, added to 57 and reduced 15. The biggest buy was CVS Health (CVS, shares +1097%) and the biggest sale Cisco Systems (CSCO, shares −88%).

Most Recent 13F
Q2 2026
Location
WINNIPEG, A2
CIK
0001800916
Portfolio Value
$1.2B (Q1 2025)
SEC Filing
0001062993-25-007837 ↗ filed Apr 23, 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 Q3 2024 Q4 2024: $177.2M Q4 2024 Q1 2025: $1.2B $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 100 stocks · $1.2B
CVS CVS Health Corp. 7.90% 1,349,421 $91.5M Add +1097.1%
GOOGL Alphabet Inc. Class A 6.05% 452,457 $70.0M Add +936.4%
SLF Sun Life Financial Inc. 5.55% 1,120,888 $64.2M Add +1002.9%
UPS United Parcel Service Class B 5.47% 575,334 $63.4M Add +1114.3%
RCI Rogers Communications Inc. Class B 5.34% 2,312,136 $61.8M Add +1252.8%
OTEX Open Text Corp. 5.09% 2,333,539 $59.0M Add +1162.0%
CNI Canadian Natl Railway Co. 4.65% 553,290 $53.9M Add +1101.9%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 4.61% 1,124,324 $53.4M Add +907.4%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 4.24% 871,700 $49.1M Add +952.7%
BMO Bank of Montreal filed as BANK MONTREAL QUE 4.19% 508,135 $48.6M Add +803.3%
EA Electronic Arts Inc. 3.98% 318,877 $46.1M Add +1138.2%
TD Toronto-Dominion Bank 3.87% 747,779 $44.9M Add +531.9%
MSFT Microsoft Corp. 3.50% 107,882 $40.5M Add +776.6%
MGA Magna International Inc. 3.19% 1,086,849 $37.0M Add +1013.8%
HSY The Hershey Co. 3.18% 214,794 $36.8M Add +1266.3%
RY Royal Bank of Canada 3.15% 323,135 $36.4M Add +574.8%
CP Canadian Pacific Kansas City 3.14% 517,900 $36.4M Add +1027.2%
FDX FedEx Corp. 3.02% 143,504 $35.0M Add +1104.9%
HD Home Depot Inc. 1.93% 60,903 $22.3M Add +1059.8%
YUMC Yum China Holdings Inc. 1.02% 225,950 $11.8M New
SAP Sap SE-Sponsored ADR 0.92% 39,528 $10.6M Add +1174.7%
HDB HDFC Bank Ltd.-ADR 0.85% 147,179 $9.8M New
FMX Fomento Economico Mex-SP ADR 0.81% 95,600 $9.3M New
MDT Medtronic PLC 0.74% 95,392 $8.6M New
TTE Totalenergies SE -Spon ADR 0.71% 127,022 $8.2M New
UBS UBS Group AG-Reg 0.69% 260,881 $8.0M New
NVO Novo-Nordisk A/S-Spons ADR 0.54% 90,525 $6.3M New
UNH Unitedhealth Group Inc. 0.50% 11,117 $5.8M Add +156.6%
V Visa Inc. Class A 0.45% 14,916 $5.2M Reduce -14.9%
FTS Fortis Inc. 0.44% 111,080 $5.1M Add +893.5%
MDLZ Mondelez International Inc. Class A 0.38% 63,958 $4.3M New
VZ Verizon Communications Inc. 0.34% 87,934 $4.0M New
AMT American Tower Corp. 0.34% 18,052 $3.9M New
TGT Target Corp. 0.33% 37,000 $3.9M New
PEP Pepsico Inc. 0.33% 25,510 $3.8M New
SPGI S&P Global Inc. 0.33% 7,500 $3.8M New
CMCSA Comcast Corp. Class A 0.32% 101,361 $3.7M New
CPB The Campbell's Company 0.31% 90,000 $3.6M New
GIS General Mills Inc. 0.30% 59,000 $3.5M New
TMO Thermo Fisher Scientific Inc. 0.30% 7,033 $3.5M Add +35.4%
DPZ Domino's Pizza Inc. 0.29% 7,397 $3.4M Add +317.4%
DEO Diageo PLC-Sponsored ADR 0.27% 29,921 $3.1M New
INFY Infosys Ltd.-SP ADR 0.26% 162,000 $3.0M New
MA Mastercard Inc. Class A 0.25% 5,363 $2.9M Reduce -32.7%
MCK McKesson Corp. 0.25% 4,305 $2.9M Add +10.9%
MRSH Marsh & McLennan Cos 0.23% 11,007 $2.7M Add +6.5%
CTAS Cintas Corp. 0.23% 12,950 $2.7M Add +7.7%
GE General Electric filed as GE AEROSPACE 0.23% 13,108 $2.6M Reduce -3.9%
SHW The Sherwin-Williams Co. 0.22% 7,294 $2.5M Add +9.1%
MCO Moody's Corp. 0.21% 5,182 $2.4M Reduce -0.7%
LLY Eli Lilly & Co. 0.21% 2,911 $2.4M New
MSCI MSCI Inc. 0.20% 4,150 $2.3M Reduce -3.1%
INTU Intuit Inc. 0.20% 3,677 $2.3M Add +9.3%
WAB Wabtec Corp. 0.19% 12,435 $2.3M New
ODFL Old Dominion Freight Line 0.19% 13,400 $2.2M Add +12.8%
ZTS Zoetis Inc. 0.19% 13,408 $2.2M Add +8.0%
ICE Intercontinental Exchange Inc. 0.19% 12,636 $2.2M Add +23.9%
BRK.B Berkshire Hathaway Inc. Class B 0.19% 4,063 $2.2M Add +10.6%
MCHP Microchip Technology Inc. 0.18% 42,974 $2.1M Add +36.6%
AMAT Applied Materials Inc. 0.17% 13,934 $2.0M Add +40.8%
CARR Carrier Global Corp. 0.17% 31,413 $2.0M Add +8.2%
ENB Enbridge Inc. 0.17% 44,221 $2.0M Add +7.3%
AVGO Broadcom Inc. 0.16% 10,911 $1.8M Reduce -9.2%
BN Brookfield Corp. 0.14% 30,111 $1.6M Add +25.7%
CNQ Canadian Natural Resources 0.11% 42,564 $1.3M Add +55.3%
MRK Merck & Co. Inc. 0.11% 14,519 $1.3M Add +1.8%
AME Ametek Inc. 0.10% 6,708 $1.2M Add +28.3%
WPM Wheaton Precious Metals Corp. 0.10% 14,732 $1.1M Add +25.1%
BSY Bentley Systems Inc. Class B 0.09% 26,970 $1.1M Reduce -22.1%
LOW Lowe's Cos Inc. 0.09% 4,373 $1.0M Reduce -63.3%
AON Aon PLC Class A 0.08% 2,347 $937K Add +58.0%
TFII Tfi International Inc. 0.07% 11,168 $866K Add +41.6%
HON Honeywell International Inc. 0.07% 3,928 $832K Add +51.9%
UL Unilever PLC 0.07% 13,958 $832K Add +56.7%
TRI Thomson Reuters Corp. 0.07% 4,761 $822K Add +26.6%
CSCO Cisco Systems Inc. 0.07% 12,898 $797K Reduce -87.5%
NVS Novartis AG-Sponsored ADR 0.07% 7,094 $791K Add +51.2%
AAPL Apple Inc. 0.06% 3,324 $739K Reduce -26.8%
TXN Texas Instruments Inc. 0.06% 3,971 $714K Add +24.9%
BIP Brookfield Infrastructure Pa 0.06% 23,712 $706K Add +29.7%
BDX Becton Dickinson and Co. 0.06% 2,888 $662K Add +57.6%
ROP Roper Technologies Inc. 0.06% 1,116 $658K Reduce -19.2%
DE Deere & Co. 0.05% 1,341 $630K Add +51.4%
HEI Heico Corp. 0.05% 2,261 $604K New
TSLA Tesla Inc. 0.05% 2,251 $584K Reduce -2.0%
LIN Linde PLC 0.05% 1,228 $572K Add +83.3%
DHR Danaher Corp. 0.05% 2,734 $561K Add +86.6%
VLTO Veralto Corp. 0.04% 4,473 $436K Add +100.6%
KLAC KLA Corp. 0.04% 613 $417K New
META Meta Platforms Inc. Class A 0.03% 634 $366K New
IGSB iShares 1-5Y Inv Grade Corp. 0.03% 6,833 $358K No change
IEI iShares 3-7 Year Treasury Bo 0.03% 2,605 $308K No change
MFC Manulife Financial Corp. 0.02% 9,093 $284K Reduce -5.1%
SU Suncor Energy Inc. 0.02% 7,134 $277K New
MEOH Methanex Corp. 0.02% 7,705 $270K Add +27.3%
WM Waste Management Inc. 0.02% 1,032 $239K New
TRP TC Energy Corp. 0.02% 4,901 $232K Reduce -6.7%
VET Vermilion Energy Inc. 0.02% 25,694 $208K No change
AQN Algonquin Power & Utilities 0.02% 37,963 $195K Add +89.1%
TU Telus Corp. 0.01% 10,785 $155K Reduce -13.8%

Portfolio Sells Q4 2024 → Q1 2025
CSCO Cisco Systems Inc. Reduce -87.5% 0.07% −3.38
V Visa Inc. Class A Reduce -14.9% 0.45% −2.67
MA Mastercard Inc. Class A Reduce -32.7% 0.25% −2.11
LOW Lowe's Cos Inc. Reduce -63.3% 0.09% −1.57
AVGO Broadcom Inc. Reduce -9.2% 0.16% −1.41
CTVA Corteva Inc. Sold out 0.00% −1.30
MSCI MSCI Inc. Reduce -3.1% 0.20% −1.25
MCO Moody's Corp. Reduce -0.7% 0.21% −1.19
CSX CSX Corp. Sold out 0.00% −1.09
GE General Electric Reduce -3.9% 0.23% −1.06
BSY Bentley Systems Inc. Class B Reduce -22.1% 0.09% −0.82
AAPL Apple Inc. Reduce -26.8% 0.06% −0.58
TSLA Tesla Inc. Reduce -2.0% 0.05% −0.47
ROP Roper Technologies Inc. Reduce -19.2% 0.06% −0.35
MFC Manulife Financial Corp. Reduce -5.1% 0.02% −0.14
TRP TC Energy Corp. Reduce -6.7% 0.02% −0.12
TU Telus Corp. Reduce -13.8% 0.01% −0.08

Portfolio Buys Q4 2024 → Q1 2025
CVS CVS Health Corp. Add +1097.1% 7.90% +5.05
RCI Rogers Communications Inc. Class B Add +1252.8% 5.34% +2.37
SLF Sun Life Financial Inc. Add +1002.9% 5.55% +2.14
OTEX Open Text Corp. Add +1162.0% 5.09% +2.14
UPS United Parcel Service Class B Add +1114.3% 5.47% +2.10
CNI Canadian Natl Railway Co. Add +1101.9% 4.65% +2.02
EA Electronic Arts Inc. Add +1138.2% 3.98% +1.86
HSY The Hershey Co. Add +1266.3% 3.18% +1.67
GOOGL Alphabet Inc. Class A Add +936.4% 6.05% +1.39
CM Can Imperial BK of Commerce Add +952.7% 4.24% +1.28
CP Canadian Pacific Kansas City Add +1027.2% 3.14% +1.27
BNS Bank of Nova Scotia Add +907.4% 4.61% +1.23
FDX FedEx Corp. Add +1104.9% 3.02% +1.13
BMO Bank of Montreal Add +803.3% 4.19% +1.11
YUMC Yum China Holdings Inc. New 1.02% +1.02
MGA Magna International Inc. Add +1013.8% 3.19% +0.89
HDB HDFC Bank Ltd.-ADR New 0.85% +0.85
FMX Fomento Economico Mex-SP ADR New 0.81% +0.81
HD Home Depot Inc. Add +1059.8% 1.93% +0.78
MDT Medtronic PLC New 0.74% +0.74
TTE Totalenergies SE -Spon ADR New 0.71% +0.71
UBS UBS Group AG-Reg New 0.69% +0.69
MSFT Microsoft Corp. Add +776.6% 3.50% +0.58
NVO Novo-Nordisk A/S-Spons ADR New 0.54% +0.54
SAP Sap SE-Sponsored ADR Add +1174.7% 0.92% +0.49
MDLZ Mondelez International Inc. Class A New 0.38% +0.38
VZ Verizon Communications Inc. New 0.34% +0.34
AMT American Tower Corp. New 0.34% +0.34
TGT Target Corp. New 0.33% +0.33
PEP Pepsico Inc. New 0.33% +0.33
SPGI S&P Global Inc. New 0.33% +0.33
CMCSA Comcast Corp. Class A New 0.32% +0.32
TD Toronto-Dominion Bank Add +531.9% 3.87% +0.32
CPB The Campbell's Company New 0.31% +0.31
GIS General Mills Inc. New 0.30% +0.30
DEO Diageo PLC-Sponsored ADR New 0.27% +0.27
INFY Infosys Ltd.-SP ADR New 0.26% +0.26
LLY Eli Lilly & Co. New 0.21% +0.21
WAB Wabtec Corp. New 0.19% +0.19
FTS Fortis Inc. Add +893.5% 0.44% +0.18
HEI Heico Corp. New 0.05% +0.05
KLAC KLA Corp. New 0.04% +0.04
META Meta Platforms Inc. Class A New 0.03% +0.03
SU Suncor Energy Inc. New 0.02% +0.02
WM Waste Management Inc. New 0.02% +0.02
AQN Algonquin Power & Utilities Add +89.1% 0.02% −0.03
VLTO Veralto Corp. Add +100.6% 0.04% −0.09
LIN Linde PLC Add +83.3% 0.05% −0.11
RY Royal Bank of Canada Add +574.8% 3.15% −0.11
DPZ Domino's Pizza Inc. Add +317.4% 0.29% −0.13

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