Value Partners Investments Inc.

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 15, 2026), Value Partners Investments Inc. reported 104 stock positions worth $1.4 billion. Its top holding was Microsoft (MSFT) at 6.4% of the portfolio, followed by Canadian Natl Railway (CNI, 5.1%) and Sun Life Financial (SLF, 5.0%). Compared with Q1 2026, it opened 4 new positions, sold out of 6, added to 53 and reduced 40. The biggest buy was Home Depot (HD, shares +107%) and the biggest sale an exit from CVS Health (CVS).

Most Recent 13F
Q2 2026
Location
WINNIPEG, A2
CIK
0001800916
Portfolio Value
$1.4B (Q2 2026)
SEC Filing
0001062993-26-003682 ↗ filed Jul 15, 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 Q1 2026 Q2 2026: $1.4B $1.4B Q2 2026

Holdings 104 stocks · $1.4B
MSFT Microsoft Corp. 6.44% 247,817 $92.3M Add +29.1%
CNI Canadian Natl Railway Co. 5.05% 607,648 $72.4M Add +0.3%
SLF Sun Life Financial Inc. 5.04% 921,226 $72.2M Reduce -18.2%
CRM Salesforce Inc. 4.83% 442,226 $69.2M Add +14.2%
HD Home Depot Inc. 4.72% 192,166 $67.7M Add +106.8%
V Visa Inc. Class A 4.63% 193,666 $66.3M Add +70.4%
ADP Automatic Data Processing 4.63% 296,491 $66.3M Add +63.5%
MA Mastercard Inc. Class A 4.52% 126,217 $64.7M Add +97.7%
CP Canadian Pacific Kansas City 4.38% 724,607 $62.7M Add +0.2%
MFC Manulife Financial Corp. 4.29% 1,517,412 $61.4M Reduce -0.1%
GOOGL Alphabet Inc. Class A 4.22% 169,507 $60.5M Reduce -20.7%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C 4.12% 679,868 $59.0M Reduce -16.2%
AMZN Amazon.com Inc. 4.05% 244,050 $58.1M Reduce -2.7%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 3.81% 474,658 $54.6M Reduce -22.5%
OTEX Open Text Corp. 3.73% 2,415,779 $53.4M Add +0.1%
RCI Rogers Communications Inc. Class B 3.68% 1,622,847 $52.7M Reduce -0.3%
ACN Accenture PLC Class A 3.52% 405,346 $50.4M Add +56.9%
RY Royal Bank of Canada 3.30% 228,376 $47.2M Reduce -29.5%
BMO Bank of Montreal filed as BANK MONTREAL MEDIUM 2.95% 239,642 $42.3M Reduce -45.6%
FMX Fomento Economico Mex-SP ADR 1.12% 125,783 $16.1M Reduce -8.3%
UBS UBS Group AG-Reg 0.83% 238,892 $11.8M Reduce -0.5%
RACE Ferrari NV 0.78% 30,120 $11.2M Add +0.2%
AZN Astrazeneca PLC 0.76% 58,251 $10.9M Reduce -0.3%
SAP Sap SE-Sponsored ADR 0.71% 66,045 $10.2M Add +3.3%
YUMC Yum China Holdings Inc. 0.67% 235,975 $9.6M Reduce -0.3%
MDT Medtronic PLC 0.57% 105,000 $8.2M Reduce -0.3%
HDB HDFC Bank Ltd.-ADR 0.53% 293,129 $7.6M Reduce -0.3%
KLAC KLA Corp. 0.44% 21,121 $6.4M Add +111.4%
TD Toronto-Dominion Bank 0.44% 51,562 $6.3M Add +1.1%
FTS Fortis Inc. 0.37% 91,676 $5.2M Reduce -7.2%
UNH Unitedhealth Group Inc. 0.29% 10,035 $4.2M Reduce -17.2%
TGT Target Corp. 0.28% 30,400 $4.0M Reduce -30.9%
PFE Pfizer Inc. 0.28% 164,000 $3.9M No change
AMAT Applied Materials Inc. 0.27% 5,364 $3.9M Reduce -40.8%
MDLZ Mondelez International Inc. Class A 0.26% 63,500 $3.7M Reduce -0.7%
PEP Pepsico Inc. 0.25% 26,990 $3.6M Reduce -0.2%
VZ Verizon Communications Inc. 0.25% 85,597 $3.6M Reduce -7.6%
LLY Eli Lilly & Co. 0.25% 2,976 $3.6M Reduce -1.4%
AMT American Tower Corp. 0.24% 21,199 $3.5M No change
GE General Electric filed as GE AEROSPACE 0.24% 9,216 $3.4M Add +0.1%
SPGI S&P Global Inc. 0.24% 8,400 $3.4M No change
TRGP Targa Resources Corp. 0.24% 12,639 $3.4M Reduce -14.2%
APH Amphenol Corp. Class A 0.23% 18,587 $3.3M Reduce -0.7%
DEO Diageo PLC-Sponsored ADR 0.23% 40,214 $3.2M No change
IBKR Interactive Brokers Gro Class A 0.22% 36,757 $3.2M Reduce -17.9%
WAB Wabtec Corp. 0.21% 11,356 $3.1M Reduce -19.3%
TT Trane Technologies PLC 0.21% 6,177 $3.0M Reduce -17.5%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.21% 42,878 $3.0M New
HWM Howmet Aerospace Inc. 0.21% 11,110 $3.0M New
EME Emcor Group Inc. 0.21% 3,567 $3.0M New
CTAS Cintas Corp. 0.20% 16,977 $2.9M Add +21.3%
COST Costco Wholesale Corp. 0.20% 3,078 $2.9M New
VRSK Verisk Analytics Inc. 0.20% 16,016 $2.9M Add +16.3%
BRK.B Berkshire Hathaway Inc. Class B 0.20% 5,738 $2.9M Add +13.4%
WMT Walmart Inc. 0.20% 25,244 $2.9M Add +1.5%
MCK McKesson Corp. 0.19% 3,648 $2.8M Add +0.5%
TMO Thermo Fisher Scientific Inc. 0.19% 5,425 $2.7M Reduce -47.5%
MSCI MSCI Inc. 0.19% 4,804 $2.7M Reduce -0.9%
AVGO Broadcom Inc. 0.18% 7,011 $2.6M Reduce -21.9%
CPB The Campbell's Company 0.18% 117,000 $2.6M No change
TFII Tfi International Inc. 0.18% 18,019 $2.6M Add +1.3%
GIS General Mills Inc. 0.18% 73,000 $2.5M No change
ENB Enbridge Inc. 0.17% 45,668 $2.5M Add +1.6%
BN Brookfield Corp. 0.17% 56,554 $2.4M Add +4.5%
MRK Merck & Co. Inc. 0.17% 18,475 $2.4M Add +5.9%
BIP Brookfield Infrastructure Pa 0.15% 60,033 $2.2M Add +10.8%
WPM Wheaton Precious Metals Corp. 0.15% 19,261 $2.2M Add +3.7%
AME Ametek Inc. 0.15% 8,951 $2.2M Add +3.2%
CNQ Canadian Natural Resources 0.14% 51,260 $2.0M Add +2.4%
DHR Danaher Corp. 0.14% 10,411 $2.0M Add +38.4%
NVS Novartis AG-Sponsored ADR 0.14% 12,450 $1.9M Add +2.7%
LIN Linde PLC 0.12% 3,437 $1.8M Add +20.3%
AON Aon PLC Class A 0.12% 5,353 $1.8M Add +18.6%
ICE Intercontinental Exchange Inc. 0.12% 14,279 $1.8M Add +4.0%
DE Deere & Co. 0.12% 2,747 $1.7M Add +17.1%
TSM Taiwan Semiconductor-SP ADR 0.12% 3,576 $1.7M Reduce -3.4%
SPOT Spotify Technology SA 0.12% 3,596 $1.6M Add +2.4%
HEI Heico Corp. 0.11% 4,581 $1.6M Add +54.9%
TXN Texas Instruments Inc. 0.11% 5,299 $1.6M Add +1.9%
UL Unilever PLC-Sponsored ADR 0.11% 26,001 $1.6M Add +18.4%
CSCO Cisco Systems Inc. 0.11% 13,273 $1.6M Reduce -26.6%
VLTO Veralto Corp. 0.10% 16,248 $1.4M Add +39.8%
DPZ Domino's Pizza Inc. 0.10% 4,620 $1.4M Add +53.3%
BDX Becton Dickinson and Co. 0.09% 8,903 $1.3M Add +18.0%
ALC Alcon Inc. filed as ALCON AG 0.08% 17,965 $1.2M Add +135.3%
WM Waste Management Inc. 0.08% 5,109 $1.1M Add +42.6%
MEOH Methanex Corp. 0.07% 23,063 $1.1M Add +5.9%
BGSI Boyd Group Services Inc. 0.07% 10,658 $1.0M Add +7.6%
MGA Magna International Inc. 0.07% 14,579 $957K Reduce -21.3%
TSLA Tesla Inc. 0.06% 2,141 $899K Reduce -4.9%
HON Honeywell International Inc. 0.06% 3,893 $870K Add +10.1%
AQN Algonquin Power & Utilities 0.05% 119,645 $702K Add +19.9%
TRI Thomson Reuters Corp. 0.05% 8,372 $682K Add +35.4%
TRP TC Energy Corp. 0.04% 9,568 $632K Reduce -4.2%
BSY Bentley Systems Inc. Class B 0.04% 20,196 $603K No change
ROP Roper Technologies Inc. 0.04% 1,529 $517K Add +3.9%
AAPL Apple Inc. 0.04% 1,751 $506K Add +7.4%
DSGX The Descartes Systems Grp 0.03% 6,972 $482K Add +3.2%
META Meta Platforms Inc. Class A 0.03% 851 $479K Add +4.2%
HONA Honeywell Aerospace Inc. 0.03% 1,966 $434K Reduce -44.4%
GOOG Alphabet Inc. Class C 0.03% 1,102 $389K Add +3.6%
SU Suncor Energy Inc. 0.02% 6,578 $353K Reduce -19.4%
IGSB iShares 1-5Y Inv Grade Corp. 0.02% 6,333 $331K Reduce -7.3%
IEI iShares 3-7 Year Treasury Bo 0.02% 2,350 $276K Reduce -9.8%

Portfolio Sells Q1 2026 → Q2 2026
CVS CVS Health Corp. Sold out 0.00% −2.96
BMO Bank of Montreal Reduce -45.6% 2.95% −1.59
RCI Rogers Communications Inc. Class B Reduce -0.3% 3.68% −1.08
RY Royal Bank of Canada Reduce -29.5% 3.30% −0.69
CM Can Imperial BK of Commerce Reduce -22.5% 3.81% −0.61
GOOGL Alphabet Inc. Class A Reduce -20.7% 4.22% −0.47
SLF Sun Life Financial Inc. Reduce -18.2% 5.04% −0.33
YUMC Yum China Holdings Inc. Reduce -0.3% 0.67% −0.21
SHW The Sherwin-Williams Co. Sold out 0.00% −0.20
TMO Thermo Fisher Scientific Inc. Reduce -47.5% 0.19% −0.20
MCO Moody's Corp. Sold out 0.00% −0.20
INTU Intuit Inc. Sold out 0.00% −0.19
BNS Bank of Nova Scotia Reduce -16.2% 4.12% −0.17
TGT Target Corp. Reduce -30.9% 0.28% −0.13
MDT Medtronic PLC Reduce -0.3% 0.57% −0.12
AZN Astrazeneca PLC Reduce -0.3% 0.76% −0.10
VZ Verizon Communications Inc. Reduce -7.6% 0.25% −0.10
PEP Pepsico Inc. Reduce -0.2% 0.25% −0.07
LOW Lowe's Cos Inc. Sold out 0.00% −0.06
WAB Wabtec Corp. Reduce -19.3% 0.21% −0.05
FTS Fortis Inc. Reduce -7.2% 0.37% −0.05
TRGP Targa Resources Corp. Reduce -14.2% 0.24% −0.05
FMX Fomento Economico Mex-SP ADR Reduce -8.3% 1.12% −0.04
HDB HDFC Bank Ltd.-ADR Reduce -0.3% 0.53% −0.03
HONA Honeywell Aerospace Inc. Reduce -44.4% 0.03% −0.03
AVGO Broadcom Inc. Reduce -21.9% 0.18% −0.03
TT Trane Technologies PLC Reduce -17.5% 0.21% −0.03
MDLZ Mondelez International Inc. Class A Reduce -0.7% 0.26% −0.03
FDX FedEx Corp. Sold out 0.00% −0.02
SU Suncor Energy Inc. Reduce -19.4% 0.02% −0.02
MGA Magna International Inc. Reduce -21.3% 0.07% −0.01
MSCI MSCI Inc. Reduce -0.9% 0.19% −0.01
IBKR Interactive Brokers Gro Class A Reduce -17.9% 0.22% −0.01
IEI iShares 3-7 Year Treasury Bo Reduce -9.8% 0.02% −0.00
IGSB iShares 1-5Y Inv Grade Corp. Reduce -7.3% 0.02% −0.00
TRP TC Energy Corp. Reduce -4.2% 0.04% −0.00
TSLA Tesla Inc. Reduce -4.9% 0.06% −0.00
CSCO Cisco Systems Inc. Reduce -26.6% 0.11% +0.00
TSM Taiwan Semiconductor-SP ADR Reduce -3.4% 0.12% +0.02
AMAT Applied Materials Inc. Reduce -40.8% 0.27% +0.03
LLY Eli Lilly & Co. Reduce -1.4% 0.25% +0.04
UNH Unitedhealth Group Inc. Reduce -17.2% 0.29% +0.04
APH Amphenol Corp. Class A Reduce -0.7% 0.23% +0.05
AMZN Amazon.com Inc. Reduce -2.7% 4.05% +0.07
UBS UBS Group AG-Reg Reduce -0.5% 0.83% +0.11
MFC Manulife Financial Corp. Reduce -0.1% 4.29% +0.31

Portfolio Buys Q1 2026 → Q2 2026
HD Home Depot Inc. Add +106.8% 4.72% +2.39
MA Mastercard Inc. Class A Add +97.7% 4.52% +2.08
V Visa Inc. Class A Add +70.4% 4.63% +2.01
ADP Automatic Data Processing Add +63.5% 4.63% +1.82
MSFT Microsoft Corp. Add +29.1% 6.44% +1.02
KLAC KLA Corp. Add +111.4% 0.44% +0.33
CNI Canadian Natl Railway Co. Add +0.3% 5.05% +0.30
WRB WR Berkley Corp. New 0.21% +0.21
HWM Howmet Aerospace Inc. New 0.21% +0.21
EME Emcor Group Inc. New 0.21% +0.21
COST Costco Wholesale Corp. New 0.20% +0.20
TD Toronto-Dominion Bank Add +1.1% 0.44% +0.07
HEI Heico Corp. Add +54.9% 0.11% +0.05
CP Canadian Pacific Kansas City Add +0.2% 4.38% +0.05
GE General Electric Add +0.1% 0.24% +0.04
ALC Alcon Inc. Add +135.3% 0.08% +0.04
TFII Tfi International Inc. Add +1.3% 0.18% +0.03
TXN Texas Instruments Inc. Add +1.9% 0.11% +0.03
DHR Danaher Corp. Add +38.4% 0.14% +0.03
VLTO Veralto Corp. Add +39.8% 0.10% +0.02
CTAS Cintas Corp. Add +21.3% 0.20% +0.02
DE Deere & Co. Add +17.1% 0.12% +0.02
WM Waste Management Inc. Add +42.6% 0.08% +0.02
LIN Linde PLC Add +20.3% 0.12% +0.02
BRK.B Berkshire Hathaway Inc. Class B Add +13.4% 0.20% +0.02
UL Unilever PLC-Sponsored ADR Add +18.4% 0.11% +0.01
DPZ Domino's Pizza Inc. Add +53.3% 0.10% +0.01
AON Aon PLC Class A Add +18.6% 0.12% +0.01
AME Ametek Inc. Add +3.2% 0.15% +0.01
MRK Merck & Co. Inc. Add +5.9% 0.17% +0.01
TRI Thomson Reuters Corp. Add +35.4% 0.05% +0.00
RACE Ferrari NV Add +0.2% 0.78% +0.00
BIP Brookfield Infrastructure Pa Add +10.8% 0.15% +0.00
GOOG Alphabet Inc. Class C Add +3.6% 0.03% +0.00
AAPL Apple Inc. Add +7.4% 0.04% +0.00
BDX Becton Dickinson and Co. Add +18.0% 0.09% +0.00
AQN Algonquin Power & Utilities Add +19.9% 0.05% +0.00
VRSK Verisk Analytics Inc. Add +16.3% 0.20% +0.00
BN Brookfield Corp. Add +4.5% 0.17% +0.00
META Meta Platforms Inc. Class A Add +4.2% 0.03% −0.00
DSGX The Descartes Systems Grp Add +3.2% 0.03% −0.00
ROP Roper Technologies Inc. Add +3.9% 0.04% −0.00
NVS Novartis AG-Sponsored ADR Add +2.7% 0.14% −0.01
ENB Enbridge Inc. Add +1.6% 0.17% −0.01
SPOT Spotify Technology SA Add +2.4% 0.12% −0.01
MEOH Methanex Corp. Add +5.9% 0.07% −0.02
BGSI Boyd Group Services Inc. Add +7.6% 0.07% −0.03
WPM Wheaton Precious Metals Corp. Add +3.7% 0.15% −0.03
WMT Walmart Inc. Add +1.5% 0.20% −0.04
ICE Intercontinental Exchange Inc. Add +4.0% 0.12% −0.04

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