QV Investors

CALGARY, A0files as QV Investors Inc.

$1.3bn in 68 US stocks at the end of 30 June 2026. The top 10 are 42.5% of the money. It changed about 10.5% of the portfolio this quarter.

Value

$1.3bn

Stocks

Top 10 share

42.5%

Turnover

10.5%

What changed this quarter

New

Bought for the first time this quarter.

MicrosoftMSFT
1.1% of the fund
ExxonMobil HoldingsXOM
0.7% of the fund
Hims & Hers HealthHIMS
0.6% of the fund
TrexTREX
0.1% of the fund

Added

Bought more of a stock they already held.

CGIGIB
4.5% of the fund
+31%
StantecSTN
2.7% of the fund
+219%
BRPDOO
2.6% of the fund
+27%
West Fraser TimberWFG
1.9% of the fund
+51%
Dollar GeneralDG
1.4% of the fund
+21%
Novo Nordisk A SNVO
1.4% of the fund
+28%
NetflixNFLX
1.3% of the fund
+153%
Thor IndustriesTHO
1.1% of the fund
+79%
Lennox InternationalLII
0.9% of the fund
+159%
Estee Lauder CompaniesEL
0.8% of the fund
+34%
Alibaba Group HldgBABA
0.5% of the fund
+54%
ONE GasOGS
0.1% of the fund
+40%

Cut

Sold some of their stake.

SunococorpSUNC
5.5% of the fund
-10%
Canadian National RailwayCNI
5.4% of the fund
-4%
Royal Bank of CanadaRY
5.2% of the fund
-21%
Canadian Pacific Kansas CityCP
4.6% of the fund
-4%
Toronto Dominion BankTD
3.7% of the fund
-14%
FortisFTS
3.6% of the fund
-4%
TFI InternationalTFII
3.5% of the fund
-21%
Franco NevadaFNV
3.4% of the fund
-5%
EmeraEMA
3.0% of the fund
-5%
Sun Life FinancialSLF
2.9% of the fund
-6%
EnbridgeENB
2.9% of the fund
-5%
Magna InternationalMGA
2.8% of the fund
-5%
RB GlobalRBA
2.6% of the fund
-5%
BrookfieldBN
2.1% of the fund
-5%
Rogers CommunicationsRCI
2.0% of the fund
-4%
Canadian Natural ResourcesCNQ
1.6% of the fund
-5%
EOG ResourcesEOG
1.6% of the fund
-3%
CenteneCNC
1.5% of the fund
-3%
PepsiCoPEP
1.5% of the fund
-3%
Imperial OilIMO
1.4% of the fund
-21%
Union PacificUNP
1.3% of the fund
-3%
SolventumSOLV
1.3% of the fund
-3%
Amazon.comAMZN
1.1% of the fund
-3%
UnileverUL
1.0% of the fund
-3%
Old Dominion Freight LineODFL
0.9% of the fund
-55%

Sold out

Sold their entire stake.

ExxonMobil HoldingsXOM
-100%

Holdings

SunococorpSUNC
Share
5.5%
Value
$71m
Shares
1,052,334
-10%
Canadian National RailwayCNI
Share
5.4%
Value
$71m
Shares
591,760
-4%
Royal Bank of CanadaRY
Share
5.2%
Value
$68m
Shares
326,549
-21%
Canadian Pacific Kansas CityCP
Share
4.6%
Value
$59m
Shares
683,546
-4%
CGIGIB
Share
4.5%
Value
$59m
Shares
908,728
+31%
Toronto Dominion BankTD
Share
3.7%
Value
$48m
Shares
394,545
-14%
FortisFTS
Share
3.6%
Value
$47m
Shares
822,277
-4%
TFI InternationalTFII
Share
3.5%
Value
$45m
Shares
316,026
-21%
Franco NevadaFNV
Share
3.4%
Value
$44m
Shares
211,562
-5%
EmeraEMA
Share
3.0%
Value
$40m
Shares
747,226
-5%
Sun Life FinancialSLF
Share
2.9%
Value
$38m
Shares
487,300
-6%
EnbridgeENB
Share
2.9%
Value
$38m
Shares
696,095
-5%
Magna InternationalMGA
Share
2.8%
Value
$36m
Shares
554,841
-5%
StantecSTN
Share
2.7%
Value
$35m
Shares
511,665
+219%
BRPDOO
Share
2.6%
Value
$34m
Shares
558,363
+27%
RB GlobalRBA
Share
2.6%
Value
$34m
Shares
292,372
-5%
BrookfieldBN
Share
2.1%
Value
$28m
Shares
649,449
-5%
Rogers CommunicationsRCI
Share
2.0%
Value
$27m
Shares
818,963
-4%
West Fraser TimberWFG
Share
1.9%
Value
$24m
Shares
355,987
+51%
Canadian Natural ResourcesCNQ
Share
1.6%
Value
$21m
Shares
534,597
-5%
EOG ResourcesEOG
Share
1.6%
Value
$21m
Shares
162,995
-3%
CenteneCNC
Share
1.5%
Value
$20m
Shares
307,772
-3%
PepsiCoPEP
Share
1.5%
Value
$19m
Shares
139,795
-3%
Dollar GeneralDG
Share
1.4%
Value
$18m
Shares
159,850
+21%
Novo Nordisk A SNVO
Share
1.4%
Value
$18m
Shares
369,468
+28%
Imperial OilIMO
Share
1.4%
Value
$18m
Shares
156,597
-21%
Union PacificUNP
Share
1.3%
Value
$17m
Shares
62,791
-3%
SolventumSOLV
Share
1.3%
Value
$17m
Shares
218,692
-3%
NetflixNFLX
Share
1.3%
Value
$16m
Shares
230,060
+153%
Thor IndustriesTHO
Share
1.1%
Value
$15m
Shares
197,996
+79%
Amazon.comAMZN
Share
1.1%
Value
$15m
Shares
61,920
-3%
MicrosoftMSFT
Share
1.1%
Value
$14m
Shares
38,460
New
UnileverUL
Share
1.0%
Value
$12m
Shares
206,353
-3%
Old Dominion Freight LineODFL
Share
0.9%
Value
$12m
Shares
56,110
-55%
ChevronCVX
Share
0.9%
Value
$12m
Shares
70,457
-23%
AlphabetGOOGL
Share
0.9%
Value
$12m
Shares
32,410
-3%
Lennox InternationalLII
Share
0.9%
Value
$11m
Shares
19,724
+159%
Estee Lauder CompaniesEL
Share
0.8%
Value
$11m
Shares
136,530
+34%
StarbucksSBUX
Share
0.8%
Value
$11m
Shares
104,060
-37%
UnitedHealth GroupUNH
Share
0.8%
Value
$10m
Shares
24,874
-3%
Darden RestaurantsDRI
Share
0.8%
Value
$10m
Shares
49,472
-3%
HalliburtonHAL
Share
0.7%
Value
$9m
Shares
262,000
-25%
ExxonMobil HoldingsXOM
Share
0.7%
Value
$9m
Shares
63,161
New
NRC HealthNRC
Share
0.6%
Value
$8m
Shares
372,503
-2%
Hims & Hers HealthHIMS
Share
0.6%
Value
$8m
Shares
224,130
New
Bank OZKOZK
Share
0.6%
Value
$7m
Shares
142,060
-2%
Alibaba Group HldgBABA
Share
0.5%
Value
$7m
Shares
74,347
+54%
Warrior MET CoalHCC
Share
0.5%
Value
$7m
Shares
84,095
-30%
AutozoneAZO
Share
0.5%
Value
$7m
Shares
2,102
-3%
Johnson & JohnsonJNJ
Share
0.5%
Value
$7m
Shares
25,880
-3%
PaccarPCAR
Share
0.5%
Value
$6m
Shares
53,310
-3%
CumminsCMI
Share
0.4%
Value
$5m
Shares
7,420
-19%
Berkshire HathawayBRK-B
Share
0.4%
Value
$5m
Shares
9,931
-3%
JPMorgan ChaseJPM
Share
0.3%
Value
$4m
Shares
12,245
-3%
3MMMM
Share
0.3%
Value
$4m
Shares
23,730
-3%
Ross StoresROST
Share
0.3%
Value
$4m
Shares
17,880
-3%
Applied MaterialsAMAT
Share
0.2%
Value
$3m
Shares
4,490
-59%
American ExpressAXP
Share
0.2%
Value
$3m
Shares
9,220
-3%
Home DepotHD
Share
0.2%
Value
$3m
Shares
8,597
-3%
XpelXPEL
Share
0.2%
Value
$3m
Shares
51,650
Held
Walt DisneyDIS
Share
0.2%
Value
$3m
Shares
26,340
-3%
MerckMRK
Share
0.2%
Value
$2m
Shares
18,367
-86%
HaemoneticsHAE
Share
0.2%
Value
$2m
Shares
30,720
Held
MckessonMCK
Share
0.2%
Value
$2m
Shares
2,829
-3%
TrexTREX
Share
0.1%
Value
$2m
Shares
32,270
New
ONE GasOGS
Share
0.1%
Value
$2m
Shares
19,660
+40%
Viper EnergyVNOM
Share
0.1%
Value
$1m
Shares
35,215
Held
Bank of AmericaBAC
Share
<0.1%
Value
$1m
Shares
18,210
-3%

Company	Share of fund	Value	Shares	Change
SunococorpSUNC	5.5%	$71m	1,052,334	-10%
Canadian National RailwayCNI	5.4%	$71m	591,760	-4%
Royal Bank of CanadaRY	5.2%	$68m	326,549	-21%
Canadian Pacific Kansas CityCP	4.6%	$59m	683,546	-4%
CGIGIB	4.5%	$59m	908,728	+31%
Toronto Dominion BankTD	3.7%	$48m	394,545	-14%
FortisFTS	3.6%	$47m	822,277	-4%
TFI InternationalTFII	3.5%	$45m	316,026	-21%
Franco NevadaFNV	3.4%	$44m	211,562	-5%
EmeraEMA	3.0%	$40m	747,226	-5%
Sun Life FinancialSLF	2.9%	$38m	487,300	-6%
EnbridgeENB	2.9%	$38m	696,095	-5%
Magna InternationalMGA	2.8%	$36m	554,841	-5%
StantecSTN	2.7%	$35m	511,665	+219%
BRPDOO	2.6%	$34m	558,363	+27%
RB GlobalRBA	2.6%	$34m	292,372	-5%
BrookfieldBN	2.1%	$28m	649,449	-5%
Rogers CommunicationsRCI	2.0%	$27m	818,963	-4%
West Fraser TimberWFG	1.9%	$24m	355,987	+51%
Canadian Natural ResourcesCNQ	1.6%	$21m	534,597	-5%
EOG ResourcesEOG	1.6%	$21m	162,995	-3%
CenteneCNC	1.5%	$20m	307,772	-3%
PepsiCoPEP	1.5%	$19m	139,795	-3%
Dollar GeneralDG	1.4%	$18m	159,850	+21%
Novo Nordisk A SNVO	1.4%	$18m	369,468	+28%
Imperial OilIMO	1.4%	$18m	156,597	-21%
Union PacificUNP	1.3%	$17m	62,791	-3%
SolventumSOLV	1.3%	$17m	218,692	-3%
NetflixNFLX	1.3%	$16m	230,060	+153%
Thor IndustriesTHO	1.1%	$15m	197,996	+79%
Amazon.comAMZN	1.1%	$15m	61,920	-3%
MicrosoftMSFT	1.1%	$14m	38,460	New
UnileverUL	1.0%	$12m	206,353	-3%
Old Dominion Freight LineODFL	0.9%	$12m	56,110	-55%
ChevronCVX	0.9%	$12m	70,457	-23%
AlphabetGOOGL	0.9%	$12m	32,410	-3%
Lennox InternationalLII	0.9%	$11m	19,724	+159%
Estee Lauder CompaniesEL	0.8%	$11m	136,530	+34%
StarbucksSBUX	0.8%	$11m	104,060	-37%
UnitedHealth GroupUNH	0.8%	$10m	24,874	-3%
Darden RestaurantsDRI	0.8%	$10m	49,472	-3%
HalliburtonHAL	0.7%	$9m	262,000	-25%
ExxonMobil HoldingsXOM	0.7%	$9m	63,161	New
NRC HealthNRC	0.6%	$8m	372,503	-2%
Hims & Hers HealthHIMS	0.6%	$8m	224,130	New
Bank OZKOZK	0.6%	$7m	142,060	-2%
Alibaba Group HldgBABA	0.5%	$7m	74,347	+54%
Warrior MET CoalHCC	0.5%	$7m	84,095	-30%
AutozoneAZO	0.5%	$7m	2,102	-3%
Johnson & JohnsonJNJ	0.5%	$7m	25,880	-3%
PaccarPCAR	0.5%	$6m	53,310	-3%
CumminsCMI	0.4%	$5m	7,420	-19%
Berkshire HathawayBRK-B	0.4%	$5m	9,931	-3%
JPMorgan ChaseJPM	0.3%	$4m	12,245	-3%
3MMMM	0.3%	$4m	23,730	-3%
Ross StoresROST	0.3%	$4m	17,880	-3%
Applied MaterialsAMAT	0.2%	$3m	4,490	-59%
American ExpressAXP	0.2%	$3m	9,220	-3%
Home DepotHD	0.2%	$3m	8,597	-3%
XpelXPEL	0.2%	$3m	51,650	Held
Walt DisneyDIS	0.2%	$3m	26,340	-3%
MerckMRK	0.2%	$2m	18,367	-86%
HaemoneticsHAE	0.2%	$2m	30,720	Held
MckessonMCK	0.2%	$2m	2,829	-3%
TrexTREX	0.1%	$2m	32,270	New
ONE GasOGS	0.1%	$2m	19,660	+40%
Viper EnergyVNOM	0.1%	$1m	35,215	Held
Bank of AmericaBAC	<0.1%	$1m	18,210	-3%

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 27.4% since 30 June 2025.

Where the money is

Industrials30.6%

Financial services13.4%

Energy10.4%

Retail & consumer7.7%

Health care7.2%

Utilities6.8%

Materials5.3%

Media & telecom4.4%

Everyday goods3.7%

Real estate2.1%

Technology1.4%

Other7.0%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.