Value Partners Investments Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 21, 2026), Value Partners Investments Inc. reported 105 stock positions worth $1.3 billion. Its top holding was Salesforce (CRM) at 5.5% of the portfolio, followed by Microsoft (MSFT, 5.4%) and Sun Life Financial (SLF, 5.4%). Compared with Q4 2025, it opened 8 new positions, sold out of 3, added to 57 and reduced 25. The biggest buy was a new position in Automatic Data Processing (ADP) and the biggest sale Magna International (MGA, shares −98%).

Most Recent 13F
Q3 2026
Location
WINNIPEG, A2
CIK
0001800916
Portfolio Value
$1.3B (Q1 2026)
SEC Filing
0001062993-26-002075 ↗ filed Apr 21, 2026

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 Q3 2025 Q4 2025: $1.3B Q4 2025 Q1 2026: $1.3B $1.3B Q1 2026 Q2 2026: $1.4B Q2 2026 Q3 2026: $1.4B Q3 2026

Holdings 105 stocks · $1.3B
CRM Salesforce Inc. 5.52% 387,196 $72.4M Add +74.8%
MSFT Microsoft Corp. 5.42% 191,961 $71.1M Add +127.4%
SLF Sun Life Financial Inc. 5.37% 1,126,224 $70.4M Add +0.2%
RCI Rogers Communications Inc. Class B 4.76% 1,627,076 $62.4M Reduce -0.2%
CNI Canadian Natl Railway Co. 4.75% 605,969 $62.2M Add +0.3%
GOOGL Alphabet Inc. Class A 4.69% 213,661 $61.5M Reduce -22.0%
BMO Bank of Montreal filed as BANK MONTREAL MEDIUM 4.54% 440,552 $59.6M Reduce -5.3%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 4.42% 612,390 $57.9M Reduce -22.7%
CP Canadian Pacific Kansas City 4.33% 722,870 $56.8M Add +39.8%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C 4.28% 811,628 $56.2M Reduce -17.4%
OTEX Open Text Corp. 4.09% 2,413,989 $53.7M Add +30.0%
AMZN Amazon.com Inc. 3.99% 250,866 $52.3M Add +15.5%
RY Royal Bank of Canada 3.99% 324,031 $52.3M Reduce -2.1%
MFC Manulife Financial Corp. 3.98% 1,518,899 $52.2M Reduce 0.0%
ACN Accenture PLC Class A 3.91% 258,423 $51.3M Add +45.5%
CVS CVS Health Corp. 2.96% 539,973 $38.8M Reduce -2.0%
ADP Automatic Data Processing 2.81% 181,280 $36.9M New
V Visa Inc. Class A 2.62% 113,671 $34.4M Add +551.2%
MA Mastercard Inc. Class A 2.43% 63,833 $31.9M Add +1022.4%
HD Home Depot Inc. 2.33% 92,938 $30.6M Add +52.9%
FMX Fomento Economico Mex-SP ADR 1.16% 137,109 $15.2M No change
YUMC Yum China Holdings Inc. 0.88% 236,659 $11.6M No change
AZN Astrazeneca PLC 0.86% 58,415 $11.3M New
SAP Sap SE-Sponsored ADR 0.84% 63,946 $11.0M Add +52.1%
RACE Ferrari NV 0.78% 30,072 $10.2M Add +49.8%
UBS UBS Group AG-Reg 0.72% 240,090 $9.4M No change
MDT Medtronic PLC 0.70% 105,278 $9.1M Reduce -0.3%
HDB HDFC Bank Ltd.-ADR 0.56% 294,084 $7.3M No change
FTS Fortis Inc. 0.42% 98,796 $5.5M Reduce -12.6%
TGT Target Corp. 0.41% 44,000 $5.3M No change
TMO Thermo Fisher Scientific Inc. 0.39% 10,337 $5.1M Add +7.1%
TD Toronto-Dominion Bank 0.36% 50,989 $4.8M Add +3.5%
VZ Verizon Communications Inc. 0.35% 92,597 $4.7M Reduce -9.4%
PFE Pfizer Inc. 0.35% 164,000 $4.6M Reduce -0.4%
PEP Pepsico Inc. 0.32% 27,047 $4.2M Reduce -15.6%
TRGP Targa Resources Corp. 0.28% 14,736 $3.7M New
MDLZ Mondelez International Inc. Class A 0.28% 63,935 $3.7M No change
AMT American Tower Corp. 0.28% 21,199 $3.7M No change
SPGI S&P Global Inc. 0.27% 8,400 $3.6M No change
WAB Wabtec Corp. 0.27% 14,071 $3.5M Add +3.8%
UNH Unitedhealth Group Inc. 0.25% 12,119 $3.3M Reduce -40.8%
MCK McKesson Corp. 0.24% 3,630 $3.1M Add +2.8%
TT Trane Technologies PLC 0.24% 7,484 $3.1M New
AMAT Applied Materials Inc. 0.24% 9,062 $3.1M Reduce -20.7%
WMT Walmart Inc. 0.24% 24,879 $3.1M New
IBKR Interactive Brokers Gro Class A 0.23% 44,793 $3.0M Add +6.9%
DEO Diageo PLC-Sponsored ADR 0.23% 40,214 $3.0M No change
AVGO Broadcom Inc. 0.21% 8,973 $2.8M Add +19.1%
LLY Eli Lilly & Co. 0.21% 3,017 $2.8M Add +5.6%
GIS General Mills Inc. 0.21% 73,000 $2.7M No change
SHW The Sherwin-Williams Co. 0.20% 8,358 $2.7M Add +5.0%
VRSK Verisk Analytics Inc. 0.20% 13,775 $2.6M New
MSCI MSCI Inc. 0.20% 4,849 $2.6M Add +8.9%
CPB The Campbell's Company 0.20% 117,000 $2.6M No change
GE General Electric filed as GE AEROSPACE 0.20% 9,202 $2.6M Add +2.0%
MCO Moody's Corp. 0.20% 5,931 $2.6M Add +6.7%
CNQ Canadian Natural Resources 0.19% 50,077 $2.4M Add +3.6%
WPM Wheaton Precious Metals Corp. 0.19% 18,575 $2.4M Add +5.6%
ENB Enbridge Inc. 0.19% 44,934 $2.4M Reduce -5.2%
INTU Intuit Inc. 0.19% 5,625 $2.4M Add +41.9%
BRK.B Berkshire Hathaway Inc. Class B 0.18% 5,060 $2.4M Add +5.3%
CTAS Cintas Corp. 0.18% 13,993 $2.4M Add +4.4%
APH Amphenol Corp. Class A 0.18% 18,719 $2.4M Reduce -12.8%
BN Brookfield Corp. 0.17% 54,130 $2.2M Add +6.1%
ICE Intercontinental Exchange Inc. 0.16% 13,734 $2.2M Add +4.1%
MRK Merck & Co. Inc. 0.16% 17,443 $2.1M Add +3.4%
BIP Brookfield Infrastructure Pa 0.15% 54,171 $2.0M Add +6.7%
TFII Tfi International Inc. filed as TRANSFORCE INC 0.15% 17,790 $1.9M Add +4.9%
AME Ametek Inc. 0.14% 8,670 $1.9M Add +5.1%
NVS Novartis AG-Sponsored ADR 0.14% 12,121 $1.9M Add +10.1%
SPOT Spotify Technology SA 0.13% 3,512 $1.7M New
HON Honeywell International Inc. 0.12% 7,071 $1.6M Add +6.3%
KLAC KLA Corp. 0.11% 999 $1.5M Add +11.6%
AON Aon PLC Class A 0.11% 4,513 $1.5M Add +12.6%
DHR Danaher Corp. 0.11% 7,522 $1.4M Add +17.3%
LIN Linde PLC 0.11% 2,857 $1.4M Add +10.7%
CSCO Cisco Systems Inc. 0.11% 18,073 $1.4M Add +10.9%
DE Deere & Co. 0.10% 2,345 $1.3M Add +12.6%
MEOH Methanex Corp. 0.10% 21,774 $1.3M Add +4.6%
BGSI Boyd Group Services Inc. 0.10% 9,905 $1.3M Add +7.4%
UL Unilever PLC-Sponsored ADR 0.10% 21,960 $1.3M Add +10.3%
TSM Taiwan Semiconductor-SP ADR 0.10% 3,701 $1.3M Reduce -4.9%
BDX Becton Dickinson and Co. 0.09% 7,544 $1.2M Add +34.7%
DPZ Domino's Pizza Inc. 0.08% 3,013 $1.1M Reduce -63.8%
MGA Magna International Inc. 0.08% 18,514 $1.0M Reduce -98.3%
VLTO Veralto Corp. 0.08% 11,623 $1.0M Add +31.5%
TXN Texas Instruments Inc. 0.08% 5,201 $1.0M Add +4.3%
TSLA Tesla Inc. 0.06% 2,251 $836K No change
WM Waste Management Inc. 0.06% 3,583 $824K Add +35.9%
HEI Heico Corp. 0.06% 2,958 $810K Add +5.8%
LOW Lowe's Cos Inc. 0.06% 3,348 $790K Add +5.5%
BSY Bentley Systems Inc. Class B 0.05% 20,196 $709K No change
TRP TC Energy Corp. 0.05% 9,987 $624K Reduce -2.6%
AQN Algonquin Power & Utilities 0.05% 99,759 $610K Add +14.1%
ALC Alcon Inc. filed as ALCON AG 0.04% 7,636 $575K New
TRI Thomson Reuters Corp. 0.04% 6,286 $566K Add +5.3%
SU Suncor Energy Inc. 0.04% 8,161 $539K Reduce -14.0%
ROP Roper Technologies Inc. 0.04% 1,472 $520K Add +5.1%
DSGX The Descartes Systems Grp 0.04% 6,758 $483K Add +6.7%
META Meta Platforms Inc. Class A 0.04% 817 $467K Add +3.9%
AAPL Apple Inc. 0.03% 1,631 $414K Reduce -55.6%
IGSB iShares 1-5Y Inv Grade Corp. 0.03% 6,833 $359K No change
IEI iShares 3-7 Year Treasury Bo 0.02% 2,605 $309K No change
GOOG Alphabet Inc. Class C 0.02% 1,064 $305K Reduce -0.6%
FDX FedEx Corp. 0.02% 695 $247K Reduce -99.6%

Portfolio Sells Q4 2025 → Q1 2026
MGA Magna International Inc. Reduce -98.3% 0.08% −4.36
FDX FedEx Corp. Reduce -99.6% 0.02% −4.00
GOOGL Alphabet Inc. Class A Reduce -22.0% 4.69% −1.89
BNS Bank of Nova Scotia Reduce -17.4% 4.28% −1.28
CM Can Imperial BK of Commerce Reduce -22.7% 4.42% −1.10
CVS CVS Health Corp. Reduce -2.0% 2.96% −0.39
RY Royal Bank of Canada Reduce -2.1% 3.99% −0.35
UNH Unitedhealth Group Inc. Reduce -40.8% 0.25% −0.27
MFC Manulife Financial Corp. Reduce 0.0% 3.98% −0.25
ODFL Old Dominion Freight Line Sold out 0.00% −0.24
CARR Carrier Global Corp. Sold out 0.00% −0.19
DPZ Domino's Pizza Inc. Reduce -63.8% 0.08% −0.18
BMO Bank of Montreal Reduce -5.3% 4.54% −0.10
MDT Medtronic PLC Reduce -0.3% 0.70% −0.08
AAPL Apple Inc. Reduce -55.6% 0.03% −0.05
APH Amphenol Corp. Class A Reduce -12.8% 0.18% −0.04
PEP Pepsico Inc. Reduce -15.6% 0.32% −0.03
FTS Fortis Inc. Reduce -12.6% 0.42% −0.03
TU Telus Corp. Sold out 0.00% −0.01
GOOG Alphabet Inc. Class C Reduce -0.6% 0.02% −0.00
TRP TC Energy Corp. Reduce -2.6% 0.05% +0.00
TSM Taiwan Semiconductor-SP ADR Reduce -4.9% 0.10% +0.00
SU Suncor Energy Inc. Reduce -14.0% 0.04% +0.01
AMAT Applied Materials Inc. Reduce -20.7% 0.24% +0.01
ENB Enbridge Inc. Reduce -5.2% 0.19% +0.01
VZ Verizon Communications Inc. Reduce -9.4% 0.35% +0.04
PFE Pfizer Inc. Reduce -0.4% 0.35% +0.04
RCI Rogers Communications Inc. Class B Reduce -0.2% 4.76% +0.04

Portfolio Buys Q4 2025 → Q1 2026
ADP Automatic Data Processing New 2.81% +2.81
MSFT Microsoft Corp. Add +127.4% 5.42% +2.29
MA Mastercard Inc. Class A Add +1022.4% 2.43% +2.19
V Visa Inc. Class A Add +551.2% 2.62% +2.15
CP Canadian Pacific Kansas City Add +39.8% 4.33% +1.41
CRM Salesforce Inc. Add +74.8% 5.52% +1.02
AZN Astrazeneca PLC New 0.86% +0.86
HD Home Depot Inc. Add +52.9% 2.33% +0.73
TRGP Targa Resources Corp. New 0.28% +0.28
ACN Accenture PLC Class A Add +45.5% 3.91% +0.26
TT Trane Technologies PLC New 0.24% +0.24
WMT Walmart Inc. New 0.24% +0.24
RACE Ferrari NV Add +49.8% 0.78% +0.21
VRSK Verisk Analytics Inc. New 0.20% +0.20
CNI Canadian Natl Railway Co. Add +0.3% 4.75% +0.16
AMZN Amazon.com Inc. Add +15.5% 3.99% +0.14
SPOT Spotify Technology SA New 0.13% +0.13
CNQ Canadian Natural Resources Add +3.6% 0.19% +0.06
SAP Sap SE-Sponsored ADR Add +52.1% 0.84% +0.05
WAB Wabtec Corp. Add +3.8% 0.27% +0.05
ALC Alcon Inc. New 0.04% +0.04
MEOH Methanex Corp. Add +4.6% 0.10% +0.04
KLAC KLA Corp. Add +11.6% 0.11% +0.03
WPM Wheaton Precious Metals Corp. Add +5.6% 0.19% +0.03
DE Deere & Co. Add +12.6% 0.10% +0.03
NVS Novartis AG-Sponsored ADR Add +10.1% 0.14% +0.02
MRK Merck & Co. Inc. Add +3.4% 0.16% +0.02
LIN Linde PLC Add +10.7% 0.11% +0.02
HON Honeywell International Inc. Add +6.3% 0.12% +0.02
IBKR Interactive Brokers Gro Class A Add +6.9% 0.23% +0.02
WM Waste Management Inc. Add +35.9% 0.06% +0.02
MCK McKesson Corp. Add +2.8% 0.24% +0.02
BIP Brookfield Infrastructure Pa Add +6.7% 0.15% +0.01
TFII Tfi International Inc. Add +4.9% 0.15% +0.01
AME Ametek Inc. Add +5.1% 0.14% +0.01
AVGO Broadcom Inc. Add +19.1% 0.21% +0.01
VLTO Veralto Corp. Add +31.5% 0.08% +0.01
CSCO Cisco Systems Inc. Add +10.9% 0.11% +0.01
TXN Texas Instruments Inc. Add +4.3% 0.08% +0.01
BDX Becton Dickinson and Co. Add +34.7% 0.09% +0.01
SHW The Sherwin-Williams Co. Add +5.0% 0.20% +0.01
TD Toronto-Dominion Bank Add +3.5% 0.36% +0.01
AQN Algonquin Power & Utilities Add +14.1% 0.05% +0.01
MSCI MSCI Inc. Add +8.9% 0.20% +0.00
AON Aon PLC Class A Add +12.6% 0.11% +0.00
LOW Lowe's Cos Inc. Add +5.5% 0.06% +0.00
ICE Intercontinental Exchange Inc. Add +4.1% 0.16% +0.00
BRK.B Berkshire Hathaway Inc. Class B Add +5.3% 0.18% −0.00
DHR Danaher Corp. Add +17.3% 0.11% −0.00
META Meta Platforms Inc. Class A Add +3.9% 0.04% −0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2026 103$1.4BMSFT, GOOGL, ACN, SLF, MA
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