Value Partners Investments Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 7, 2025), Value Partners Investments Inc. reported 101 stock positions worth $1.3 billion. Its top holding was Alphabet Class A (GOOGL) at 6.8% of the portfolio, followed by Open Text (OTEX, 5.8%) and Sun Life Financial (SLF, 5.8%). Compared with Q1 2025, it opened 3 new positions, sold out of 2, added to 68 and reduced 25. The biggest buy was Manulife Financial (MFC, shares +16610%) and the biggest sale CVS Health (CVS, shares −58%).

Most Recent 13F
Q2 2026
Location
WINNIPEG, A2
CIK
0001800916
Portfolio Value
$1.3B (Q2 2025)
SEC Filing
0001062993-25-012591 ↗ filed Jul 7, 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 Q1 2025 Q2 2025: $1.3B $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 101 stocks · $1.3B
GOOGL Alphabet Inc. Class A 6.78% 492,378 $86.8M Add +8.8%
OTEX Open Text Corp. 5.84% 2,561,601 $74.7M Add +9.8%
SLF Sun Life Financial Inc. 5.80% 1,117,570 $74.2M Reduce -0.3%
RCI Rogers Communications Inc. Class B 5.33% 2,303,155 $68.2M Reduce -0.4%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 4.84% 1,120,920 $61.9M Reduce -0.3%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 4.81% 868,441 $61.5M Reduce -0.4%
UPS United Parcel Service Class B 4.56% 577,874 $58.3M Add +0.4%
CNI Canadian Natl Railway Co. 4.50% 553,945 $57.6M Add +0.1%
BMO Bank of Montreal filed as BANK MONTREAL QUE 4.38% 506,862 $56.1M Reduce -0.3%
EA Electronic Arts Inc. 3.97% 318,267 $50.8M Reduce -0.2%
MFC Manulife Financial Corp. 3.79% 1,519,407 $48.5M Add +16609.6%
AMZN Amazon.com Inc. 3.72% 217,050 $47.6M New
RY Royal Bank of Canada 3.37% 327,224 $43.0M Add +1.3%
MGA Magna International Inc. 3.27% 1,083,051 $41.8M Reduce -0.3%
FDX FedEx Corp. 3.22% 181,454 $41.2M Add +26.4%
MSFT Microsoft Corp. 3.21% 82,664 $41.1M Reduce -23.4%
CP Canadian Pacific Kansas City 3.20% 516,305 $40.9M Reduce -0.3%
CVS CVS Health Corp. 3.05% 565,588 $39.0M Reduce -58.1%
HSY The Hershey Co. 2.78% 214,409 $35.6M Reduce -0.2%
HD Home Depot Inc. 1.74% 60,761 $22.3M Reduce -0.2%
SAP Sap SE-Sponsored ADR 0.95% 40,088 $12.2M Add +1.4%
HDB HDFC Bank Ltd.-ADR 0.88% 147,042 $11.3M Reduce -0.1%
YUMC Yum China Holdings Inc. 0.79% 226,659 $10.1M Add +0.3%
FMX Fomento Economico Mex-SP ADR 0.77% 95,709 $9.9M Add +0.1%
UBS UBS Group AG-Reg 0.69% 259,856 $8.8M Reduce -0.4%
NVO Novo-Nordisk A/S-Spons ADR 0.68% 125,959 $8.7M Add +39.1%
MDT Medtronic PLC 0.65% 95,546 $8.3M Add +0.2%
TTE Totalenergies SE -Spon ADR 0.61% 127,158 $7.8M Add +0.1%
V Visa Inc. Class A 0.45% 16,274 $5.8M Add +9.1%
FTS Fortis Inc. 0.41% 109,864 $5.2M Reduce -1.1%
UNH Unitedhealth Group Inc. 0.37% 15,206 $4.7M Add +36.8%
TGT Target Corp. 0.34% 44,000 $4.3M Add +18.9%
MDLZ Mondelez International Inc. Class A 0.34% 63,958 $4.3M No change
PEP Pepsico Inc. 0.33% 32,047 $4.2M Add +25.6%
TMO Thermo Fisher Scientific Inc. 0.33% 10,280 $4.2M Add +46.2%
GIS General Mills Inc. 0.30% 73,000 $3.8M Add +23.7%
SPGI S&P Global Inc. 0.29% 7,000 $3.7M Reduce -6.7%
AMT American Tower Corp. 0.29% 16,699 $3.7M Reduce -7.5%
DPZ Domino's Pizza Inc. 0.29% 8,188 $3.7M Add +10.7%
CPB The Campbell's Company 0.28% 117,000 $3.6M Add +30.0%
GE General Electric filed as GE AEROSPACE 0.28% 13,875 $3.6M Add +5.8%
VZ Verizon Communications Inc. 0.28% 82,204 $3.6M Reduce -6.5%
CMCSA Comcast Corp. Class A 0.26% 91,711 $3.3M Reduce -9.5%
MA Mastercard Inc. Class A 0.25% 5,694 $3.2M Add +6.2%
TD Toronto-Dominion Bank 0.24% 42,103 $3.1M Reduce -94.4%
AVGO Broadcom Inc. 0.24% 11,198 $3.1M Add +2.6%
INTU Intuit Inc. 0.24% 3,866 $3.0M Add +5.1%
DEO Diageo PLC-Sponsored ADR 0.24% 29,890 $3.0M Reduce -0.1%
INFY Infosys Ltd.-SP ADR 0.23% 162,000 $3.0M No change
CTAS Cintas Corp. 0.23% 13,269 $3.0M Add +2.5%
WAB Wabtec Corp. 0.22% 13,408 $2.8M Add +7.8%
MCO Moody's Corp. 0.22% 5,502 $2.8M Add +6.2%
SHW The Sherwin-Williams Co. 0.21% 7,862 $2.7M Add +7.8%
AMAT Applied Materials Inc. 0.21% 14,734 $2.7M Add +5.7%
MRSH Marsh & McLennan Cos 0.20% 11,907 $2.6M Add +8.2%
MCK McKesson Corp. 0.20% 3,507 $2.6M Reduce -18.5%
MSCI MSCI Inc. 0.20% 4,402 $2.5M Add +6.1%
LLY Eli Lilly & Co. 0.20% 3,224 $2.5M Add +10.8%
ACN Accenture PLC Class A 0.20% 8,372 $2.5M New
CARR Carrier Global Corp. 0.19% 33,371 $2.4M Add +6.2%
ODFL Old Dominion Freight Line 0.18% 14,269 $2.3M Add +6.5%
ZTS Zoetis Inc. 0.17% 14,367 $2.2M Add +7.2%
BRK.B Berkshire Hathaway Inc. Class B 0.17% 4,483 $2.2M Add +10.3%
BN Brookfield Corp. 0.17% 35,030 $2.2M Add +16.3%
ICE Intercontinental Exchange Inc. 0.17% 11,742 $2.2M Reduce -7.1%
ENB Enbridge Inc. 0.16% 45,017 $2.0M Add +1.8%
BIP Brookfield Infrastructure Pa 0.12% 47,294 $1.6M Add +99.5%
WPM Wheaton Precious Metals Corp. 0.12% 16,426 $1.5M Add +11.5%
CNQ Canadian Natural Resources 0.11% 45,801 $1.4M Add +7.6%
TFII Tfi International Inc. 0.11% 15,417 $1.4M Add +38.0%
AME Ametek Inc. 0.11% 7,553 $1.4M Add +12.6%
MRK Merck & Co. Inc. 0.10% 15,381 $1.2M Add +5.9%
BSY Bentley Systems Inc. Class B 0.09% 20,196 $1.1M Reduce -25.1%
HON Honeywell International Inc. 0.08% 4,630 $1.1M Add +17.9%
TRI Thomson Reuters Corp. 0.08% 5,328 $1.1M Add +11.9%
LOW Lowe's Cos Inc. 0.08% 4,742 $1.1M Add +8.4%
NVS Novartis AG-Sponsored ADR 0.08% 8,391 $1.0M Add +18.3%
AON Aon PLC Class A 0.08% 2,811 $1.0M Add +19.8%
UL Unilever PLC 0.07% 15,322 $936K Add +9.8%
TXN Texas Instruments Inc. 0.07% 4,416 $915K Add +11.2%
DHR Danaher Corp. 0.07% 4,297 $848K Add +57.2%
HEI Heico Corp. 0.07% 2,552 $836K Add +12.9%
CSCO Cisco Systems Inc. 0.06% 11,871 $823K Reduce -8.0%
TSM Taiwan Semiconductor-SP ADR 0.06% 3,403 $770K New
DE Deere & Co. 0.06% 1,475 $749K Add +10.0%
AAPL Apple Inc. 0.06% 3,491 $715K Add +5.0%
TSLA Tesla Inc. 0.06% 2,251 $714K No change
ROP Roper Technologies Inc. 0.06% 1,248 $706K Add +11.8%
LIN Linde PLC 0.05% 1,498 $702K Add +22.0%
KLAC KLA Corp. 0.05% 742 $664K Add +21.0%
MEOH Methanex Corp. 0.05% 19,272 $637K Add +150.1%
BDX Becton Dickinson and Co. 0.05% 3,591 $618K Add +24.3%
VLTO Veralto Corp. 0.05% 5,959 $601K Add +33.2%
META Meta Platforms Inc. Class A 0.04% 698 $514K Add +10.1%
IGSB iShares 1-5Y Inv Grade Corp. 0.03% 6,833 $360K No change
SU Suncor Energy Inc. 0.03% 8,551 $320K Add +19.9%
WM Waste Management Inc. 0.02% 1,388 $318K Add +34.5%
IEI iShares 3-7 Year Treasury Bo 0.02% 2,605 $310K No change
TRP TC Energy Corp. 0.02% 5,791 $282K Add +18.2%
AQN Algonquin Power & Utilities 0.02% 47,983 $274K Add +26.4%
TU Telus Corp. 0.02% 16,514 $265K Add +53.1%

Portfolio Sells Q1 2025 → Q2 2025
CVS CVS Health Corp. Reduce -58.1% 3.05% −4.85
TD Toronto-Dominion Bank Reduce -94.4% 0.24% −3.63
HSY The Hershey Co. Reduce -0.2% 2.78% −0.39
MSFT Microsoft Corp. Reduce -23.4% 3.21% −0.29
HD Home Depot Inc. Reduce -0.2% 1.74% −0.19
MCHP Microchip Technology Inc. Sold out 0.00% −0.18
CMCSA Comcast Corp. Class A Reduce -9.5% 0.26% −0.07
VZ Verizon Communications Inc. Reduce -6.5% 0.28% −0.07
AMT American Tower Corp. Reduce -7.5% 0.29% −0.05
MCK McKesson Corp. Reduce -18.5% 0.20% −0.05
SPGI S&P Global Inc. Reduce -6.7% 0.29% −0.04
DEO Diageo PLC-Sponsored ADR Reduce -0.1% 0.24% −0.04
FTS Fortis Inc. Reduce -1.1% 0.41% −0.03
ICE Intercontinental Exchange Inc. Reduce -7.1% 0.17% −0.02
VET Vermilion Energy Inc. Sold out 0.00% −0.02
EA Electronic Arts Inc. Reduce -0.2% 3.97% −0.01
RCI Rogers Communications Inc. Class B Reduce -0.4% 5.33% −0.01
BSY Bentley Systems Inc. Class B Reduce -25.1% 0.09% −0.01
CSCO Cisco Systems Inc. Reduce -8.0% 0.06% −0.00
UBS UBS Group AG-Reg Reduce -0.4% 0.69% −0.00
HDB HDFC Bank Ltd.-ADR Reduce -0.1% 0.88% +0.04
CP Canadian Pacific Kansas City Reduce -0.3% 3.20% +0.06
MGA Magna International Inc. Reduce -0.3% 3.27% +0.07
BMO Bank of Montreal Reduce -0.3% 4.38% +0.19
BNS Bank of Nova Scotia Reduce -0.3% 4.84% +0.23
SLF Sun Life Financial Inc. Reduce -0.3% 5.80% +0.26
CM Can Imperial BK of Commerce Reduce -0.4% 4.81% +0.57

Portfolio Buys Q1 2025 → Q2 2025
MFC Manulife Financial Corp. Add +16609.6% 3.79% +3.77
AMZN Amazon.com Inc. New 3.72% +3.72
OTEX Open Text Corp. Add +9.8% 5.84% +0.75
GOOGL Alphabet Inc. Class A Add +8.8% 6.78% +0.73
RY Royal Bank of Canada Add +1.3% 3.37% +0.22
FDX FedEx Corp. Add +26.4% 3.22% +0.20
ACN Accenture PLC Class A New 0.20% +0.20
NVO Novo-Nordisk A/S-Spons ADR Add +39.1% 0.68% +0.14
AVGO Broadcom Inc. Add +2.6% 0.24% +0.08
BIP Brookfield Infrastructure Pa Add +99.5% 0.12% +0.06
TSM Taiwan Semiconductor-SP ADR New 0.06% +0.06
GE General Electric Add +5.8% 0.28% +0.05
INTU Intuit Inc. Add +5.1% 0.24% +0.04
AMAT Applied Materials Inc. Add +5.7% 0.21% +0.04
SAP Sap SE-Sponsored ADR Add +1.4% 0.95% +0.04
TFII Tfi International Inc. Add +38.0% 0.11% +0.03
BN Brookfield Corp. Add +16.3% 0.17% +0.03
MEOH Methanex Corp. Add +150.1% 0.05% +0.03
WAB Wabtec Corp. Add +7.8% 0.22% +0.02
TMO Thermo Fisher Scientific Inc. Add +46.2% 0.33% +0.02
CARR Carrier Global Corp. Add +6.2% 0.19% +0.02
DHR Danaher Corp. Add +57.2% 0.07% +0.02
WPM Wheaton Precious Metals Corp. Add +11.5% 0.12% +0.02
KLAC KLA Corp. Add +21.0% 0.05% +0.02
HEI Heico Corp. Add +12.9% 0.07% +0.01
TRI Thomson Reuters Corp. Add +11.9% 0.08% +0.01
HON Honeywell International Inc. Add +17.9% 0.08% +0.01
NVS Novartis AG-Sponsored ADR Add +18.3% 0.08% +0.01
TXN Texas Instruments Inc. Add +11.2% 0.07% +0.01
VLTO Veralto Corp. Add +33.2% 0.05% +0.01
META Meta Platforms Inc. Class A Add +10.1% 0.04% +0.01
TU Telus Corp. Add +53.1% 0.02% +0.01
AME Ametek Inc. Add +12.6% 0.11% +0.01
MCO Moody's Corp. Add +6.2% 0.22% +0.01
TGT Target Corp. Add +18.9% 0.34% +0.01
LIN Linde PLC Add +22.0% 0.05% +0.01
AQN Algonquin Power & Utilities Add +26.4% 0.02% +0.00
DE Deere & Co. Add +10.0% 0.06% +0.00
WM Waste Management Inc. Add +34.5% 0.02% +0.00
TRP TC Energy Corp. Add +18.2% 0.02% +0.00
UL Unilever PLC Add +9.8% 0.07% +0.00
SU Suncor Energy Inc. Add +19.9% 0.03% +0.00
CTAS Cintas Corp. Add +2.5% 0.23% +0.00
PEP Pepsico Inc. Add +25.6% 0.33% +0.00
V Visa Inc. Class A Add +9.1% 0.45% −0.00
CNQ Canadian Natural Resources Add +7.6% 0.11% −0.00
ROP Roper Technologies Inc. Add +11.8% 0.06% −0.00
AON Aon PLC Class A Add +19.8% 0.08% −0.00
MA Mastercard Inc. Class A Add +6.2% 0.25% −0.00
MSCI MSCI Inc. Add +6.1% 0.20% −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