Value Partners Investments Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 15, 2025), Value Partners Investments Inc. reported 101 stock positions worth $1.2 billion. Its top holding was Open Text (OTEX) at 6.8% of the portfolio, followed by Rogers Communications Class B (RCI, 6.4%) and Alphabet Class A (GOOGL, 6.0%). Compared with Q2 2025, it opened 6 new positions, sold out of 6, added to 61 and reduced 21. The biggest buy was a new position in Salesforce (CRM) and the biggest sale an exit from United Parcel Service Class B (UPS).

Most Recent 13F
Q2 2026
Location
WINNIPEG, A2
CIK
0001800916
Portfolio Value
$1.2B (Q3 2025)
SEC Filing
0001062993-25-016077 ↗ filed Oct 15, 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 Q2 2025 Q3 2025: $1.2B $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 · $1.2B
OTEX Open Text Corp. 6.79% 2,225,670 $83.2M Reduce -13.1%
RCI Rogers Communications Inc. Class B 6.37% 2,268,565 $78.1M Reduce -1.5%
GOOGL Alphabet Inc. Class A 6.03% 304,051 $73.9M Reduce -38.3%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 5.90% 1,118,989 $72.3M Reduce -0.2%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 5.64% 864,217 $69.0M Reduce -0.5%
SLF Sun Life Financial Inc. 5.48% 1,119,133 $67.2M Add +0.1%
BMO Bank of Montreal filed as BANK MONTREAL QUE 5.44% 511,321 $66.6M Add +0.9%
CNI Canadian Natl Railway Co. 4.63% 601,920 $56.7M Add +8.7%
MGA Magna International Inc. 4.19% 1,082,934 $51.3M Reduce -0.0%
RY Royal Bank of Canada 3.98% 330,641 $48.7M Add +1.0%
AMZN Amazon.com Inc. 3.88% 216,868 $47.6M Reduce -0.1%
MFC Manulife Financial Corp. 3.86% 1,520,039 $47.3M Add +0.0%
CRM Salesforce Inc. 3.66% 189,059 $44.8M New
MSFT Microsoft Corp. 3.51% 83,161 $43.1M Add +0.6%
FDX FedEx Corp. 3.48% 181,106 $42.7M Reduce -0.2%
CVS CVS Health Corp. 3.38% 548,893 $41.4M Reduce -3.0%
CP Canadian Pacific Kansas City 3.13% 515,695 $38.4M Reduce -0.1%
HD Home Depot Inc. 2.01% 60,662 $24.6M Reduce -0.2%
FMX Fomento Economico Mex-SP ADR 1.10% 137,109 $13.5M Add +43.3%
SAP Sap SE-Sponsored ADR 0.89% 41,011 $11.0M Add +2.3%
HDB HDFC Bank Ltd.-ADR 0.82% 294,084 $10.0M No change
UBS UBS Group AG-Reg 0.80% 240,090 $9.8M Reduce -7.6%
YUMC Yum China Holdings Inc. 0.79% 226,659 $9.7M No change
MDT Medtronic PLC 0.74% 95,546 $9.1M No change
UNH Unitedhealth Group Inc. 0.63% 22,385 $7.7M Add +47.2%
V Visa Inc. Class A 0.46% 16,635 $5.7M Add +2.2%
FTS Fortis Inc. 0.46% 111,125 $5.6M Add +1.1%
TMO Thermo Fisher Scientific Inc. 0.41% 10,440 $5.1M Add +1.6%
RACE Ferrari NV 0.40% 10,072 $4.9M New
PEP Pepsico Inc. 0.37% 32,047 $4.5M No change
PFE Pfizer Inc. 0.34% 164,000 $4.2M New
MDLZ Mondelez International Inc. Class A 0.33% 63,935 $4.0M Reduce -0.0%
TGT Target Corp. 0.32% 44,000 $3.9M No change
TD Toronto-Dominion Bank 0.32% 48,757 $3.9M Add +15.8%
CPB The Campbell's Company 0.30% 117,000 $3.7M No change
GIS General Mills Inc. 0.30% 73,000 $3.7M No change
DEO Diageo PLC-Sponsored ADR 0.30% 38,514 $3.7M Add +28.9%
VZ Verizon Communications Inc. 0.29% 82,204 $3.6M No change
DPZ Domino's Pizza Inc. 0.29% 8,255 $3.6M Add +0.8%
AMT American Tower Corp. 0.28% 17,899 $3.4M Add +7.2%
SPGI S&P Global Inc. 0.28% 7,000 $3.4M No change
INFY Infosys Ltd.-SP ADR 0.27% 199,800 $3.2M Add +23.3%
AVGO Broadcom Inc. 0.26% 9,807 $3.2M Reduce -12.4%
MA Mastercard Inc. Class A 0.26% 5,682 $3.2M Reduce -0.2%
GE General Electric filed as GE AEROSPACE 0.26% 10,541 $3.2M Reduce -24.0%
AMAT Applied Materials Inc. 0.25% 15,029 $3.1M Add +2.0%
CTAS Cintas Corp. 0.22% 13,304 $2.7M Add +0.3%
WAB Wabtec Corp. 0.22% 13,545 $2.7M Add +1.0%
MCK McKesson Corp. 0.22% 3,510 $2.7M Add +0.1%
SHW The Sherwin-Williams Co. 0.22% 7,826 $2.7M Reduce -0.5%
INTU Intuit Inc. 0.22% 3,946 $2.7M Add +2.1%
MCO Moody's Corp. 0.21% 5,495 $2.6M Reduce -0.1%
MSCI MSCI Inc. 0.20% 4,394 $2.5M Reduce -0.2%
LLY Eli Lilly & Co. 0.20% 3,239 $2.5M Add +0.5%
MRSH Marsh & McLennan Cos 0.20% 11,945 $2.4M Add +0.3%
ENB Enbridge Inc. 0.19% 47,036 $2.4M Add +4.5%
BRK.B Berkshire Hathaway Inc. Class B 0.19% 4,631 $2.3M Add +3.3%
BN Brookfield Corp. 0.18% 32,613 $2.2M Reduce -6.9%
ZTS Zoetis Inc. 0.17% 14,461 $2.1M Add +0.7%
ACN Accenture PLC Class A 0.17% 8,520 $2.1M Add +1.8%
ICE Intercontinental Exchange Inc. 0.17% 12,318 $2.1M Add +4.9%
ODFL Old Dominion Freight Line 0.17% 14,493 $2.0M Add +1.6%
CARR Carrier Global Corp. 0.16% 33,753 $2.0M Add +1.1%
WPM Wheaton Precious Metals Corp. 0.15% 16,957 $1.9M Add +3.2%
BIP Brookfield Infrastructure Pa 0.13% 48,951 $1.6M Add +3.5%
CNQ Canadian Natural Resources 0.12% 47,343 $1.5M Add +3.4%
AME Ametek Inc. 0.12% 7,873 $1.5M Add +4.2%
TFII Tfi International Inc. 0.12% 16,093 $1.4M Add +4.4%
MRK Merck & Co. Inc. 0.11% 16,006 $1.3M Add +4.1%
LOW Lowe's Cos Inc. 0.10% 4,866 $1.2M Add +2.6%
AON Aon PLC Class A 0.10% 3,353 $1.2M Add +19.3%
NVS Novartis AG-Sponsored ADR 0.10% 9,259 $1.2M Add +10.3%
HON Honeywell International Inc. 0.10% 5,581 $1.2M Add +20.5%
UL Unilever PLC 0.09% 18,363 $1.1M Add +19.9%
AAPL Apple Inc. 0.09% 4,234 $1.1M Add +21.3%
DHR Danaher Corp. 0.09% 5,262 $1.0M Add +22.5%
BSY Bentley Systems Inc. Class B 0.08% 20,196 $1.0M No change
TSM Taiwan Semiconductor-SP ADR 0.08% 3,720 $1.0M Add +9.3%
TSLA Tesla Inc. 0.08% 2,251 $1.0M No change
KLAC KLA Corp. 0.08% 885 $954K Add +19.3%
CSCO Cisco Systems Inc. 0.08% 13,911 $951K Add +17.2%
BDX Becton Dickinson and Co. 0.07% 4,745 $888K Add +32.1%
HEI Heico Corp. 0.07% 2,658 $858K Add +4.2%
TRI Thomson Reuters Corp. 0.07% 5,523 $857K Add +3.7%
TXN Texas Instruments Inc. 0.07% 4,662 $856K Add +5.6%
LIN Linde PLC 0.07% 1,744 $828K Add +16.4%
DE Deere & Co. 0.07% 1,763 $806K Add +19.5%
MEOH Methanex Corp. 0.06% 19,842 $789K Add +3.0%
VLTO Veralto Corp. 0.06% 7,392 $788K Add +24.1%
ROP Roper Technologies Inc. 0.05% 1,309 $653K Add +4.9%
DSGX The Descartes Systems Grp 0.05% 5,890 $554K New
META Meta Platforms Inc. Class A 0.04% 735 $540K Add +5.3%
TRP TC Energy Corp. 0.04% 9,801 $533K Add +69.3%
WM Waste Management Inc. 0.03% 1,736 $383K Add +25.1%
IGSB iShares 1-5Y Inv Grade Corp. 0.03% 6,833 $362K No change
SU Suncor Energy Inc. 0.03% 8,569 $358K Add +0.2%
GLD SPDR Gold Shares 0.03% 940 $334K New
AQN Algonquin Power & Utilities 0.03% 58,365 $314K Add +21.6%
IEI iShares 3-7 Year Treasury Bo 0.03% 2,605 $311K No change
GOOG Alphabet Inc. Class C 0.02% 1,067 $260K New

Show all 101 holdings

Portfolio Sells Q2 2025 → Q3 2025
UPS United Parcel Service Class B Sold out 0.00% −4.56
EA Electronic Arts Inc. Sold out 0.00% −3.97
HSY The Hershey Co. Sold out 0.00% −2.78
GOOGL Alphabet Inc. Class A Reduce -38.3% 6.03% −0.75
NVO Novo-Nordisk A/S-Spons ADR Sold out 0.00% −0.68
TTE Totalenergies SE -Spon ADR Sold out 0.00% −0.61
CMCSA Comcast Corp. Class A Sold out 0.00% −0.26
CP Canadian Pacific Kansas City Reduce -0.1% 3.13% −0.07
GE General Electric Reduce -24.0% 0.26% −0.02
MDLZ Mondelez International Inc. Class A Reduce -0.0% 0.33% −0.01
MCO Moody's Corp. Reduce -0.1% 0.21% −0.00
TU Telus Corp. Reduce -2.2% 0.02% +0.00
MSCI MSCI Inc. Reduce -0.2% 0.20% +0.01
SHW The Sherwin-Williams Co. Reduce -0.5% 0.22% +0.01
BN Brookfield Corp. Reduce -6.9% 0.18% +0.01
MA Mastercard Inc. Class A Reduce -0.2% 0.26% +0.01
AVGO Broadcom Inc. Reduce -12.4% 0.26% +0.02
UBS UBS Group AG-Reg Reduce -7.6% 0.80% +0.12
AMZN Amazon.com Inc. Reduce -0.1% 3.88% +0.16
FDX FedEx Corp. Reduce -0.2% 3.48% +0.26
HD Home Depot Inc. Reduce -0.2% 2.01% +0.26
CVS CVS Health Corp. Reduce -3.0% 3.38% +0.33
CM Can Imperial BK of Commerce Reduce -0.5% 5.64% +0.83
MGA Magna International Inc. Reduce -0.0% 4.19% +0.92
OTEX Open Text Corp. Reduce -13.1% 6.79% +0.95
RCI Rogers Communications Inc. Class B Reduce -1.5% 6.37% +1.04
BNS Bank of Nova Scotia Reduce -0.2% 5.90% +1.07

Portfolio Buys Q2 2025 → Q3 2025
CRM Salesforce Inc. New 3.66% +3.66
BMO Bank of Montreal Add +0.9% 5.44% +1.05
RY Royal Bank of Canada Add +1.0% 3.98% +0.61
RACE Ferrari NV New 0.40% +0.40
PFE Pfizer Inc. New 0.34% +0.34
FMX Fomento Economico Mex-SP ADR Add +43.3% 1.10% +0.33
MSFT Microsoft Corp. Add +0.6% 3.51% +0.30
UNH Unitedhealth Group Inc. Add +47.2% 0.63% +0.26
CNI Canadian Natl Railway Co. Add +8.7% 4.63% +0.13
TMO Thermo Fisher Scientific Inc. Add +1.6% 0.41% +0.09
TD Toronto-Dominion Bank Add +15.8% 0.32% +0.08
MFC Manulife Financial Corp. Add +0.0% 3.86% +0.07
DEO Diageo PLC-Sponsored ADR Add +28.9% 0.30% +0.06
FTS Fortis Inc. Add +1.1% 0.46% +0.05
DSGX The Descartes Systems Grp New 0.05% +0.05
AMAT Applied Materials Inc. Add +2.0% 0.25% +0.04
WPM Wheaton Precious Metals Corp. Add +3.2% 0.15% +0.04
ENB Enbridge Inc. Add +4.5% 0.19% +0.03
AAPL Apple Inc. Add +21.3% 0.09% +0.03
INFY Infosys Ltd.-SP ADR Add +23.3% 0.27% +0.03
GLD SPDR Gold Shares New 0.03% +0.03
KLAC KLA Corp. Add +19.3% 0.08% +0.03
TSM Taiwan Semiconductor-SP ADR Add +9.3% 0.08% +0.02
BDX Becton Dickinson and Co. Add +32.1% 0.07% +0.02
TRP TC Energy Corp. Add +69.3% 0.04% +0.02
GOOG Alphabet Inc. Class C New 0.02% +0.02
MCK McKesson Corp. Add +0.1% 0.22% +0.02
BRK.B Berkshire Hathaway Inc. Class B Add +3.3% 0.19% +0.02
AON Aon PLC Class A Add +19.3% 0.10% +0.02
DHR Danaher Corp. Add +22.5% 0.09% +0.02
LOW Lowe's Cos Inc. Add +2.6% 0.10% +0.02
NVS Novartis AG-Sponsored ADR Add +10.3% 0.10% +0.02
VLTO Veralto Corp. Add +24.1% 0.06% +0.02
UL Unilever PLC Add +19.9% 0.09% +0.02
MRK Merck & Co. Inc. Add +4.1% 0.11% +0.01
MEOH Methanex Corp. Add +3.0% 0.06% +0.01
AME Ametek Inc. Add +4.2% 0.12% +0.01
CSCO Cisco Systems Inc. Add +17.2% 0.08% +0.01
LIN Linde PLC Add +16.4% 0.07% +0.01
V Visa Inc. Class A Add +2.2% 0.46% +0.01
HON Honeywell International Inc. Add +20.5% 0.10% +0.01
CNQ Canadian Natural Resources Add +3.4% 0.12% +0.01
BIP Brookfield Infrastructure Pa Add +3.5% 0.13% +0.01
TFII Tfi International Inc. Add +4.4% 0.12% +0.01
DE Deere & Co. Add +19.5% 0.07% +0.01
WM Waste Management Inc. Add +25.1% 0.03% +0.01
LLY Eli Lilly & Co. Add +0.5% 0.20% +0.01
HEI Heico Corp. Add +4.2% 0.07% +0.00
SU Suncor Energy Inc. Add +0.2% 0.03% +0.00
AQN Algonquin Power & Utilities Add +21.6% 0.03% +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