Value Partners Investments
WINNIPEG, A2files as Value Partners Investments Inc.
$1.4bn in 104 US stocks at the end of 30 June 2026. The top 10 are 48.5% of the money. It changed about 12.1% of the portfolio this quarter.
Value
$1.4bn
Stocks
104
Top 10 share
48.5%
Turnover
12.1%
What changed this quarter
New
Bought for the first time this quarter.
- Berkley W RWRB0.2% of the fund
- Howmet AerospaceHWM0.2% of the fund
- EMCOR GroupEME0.2% of the fund
- Costco WholesaleCOST0.2% of the fund
- Honeywell InternationalHON<0.1% of the fund
- Thomson Reuters Corp /canTRI<0.1% of the fund
- Honeywell AerospaceHONA<0.1% of the fund
Added
Bought more of a stock they already held.
- MicrosoftMSFT6.4% of the fund+29%
- SalesforceCRM4.8% of the fund+14%
- Home DepotHD4.7% of the fund+107%
- VisaV4.6% of the fund+70%
- Automatic Data ProcessingADP4.6% of the fund+64%
- MastercardMA4.5% of the fund+98%
- AccentureACN3.5% of the fund+57%
- SAP SESAP0.7% of the fund+3%
- KLAKLAC0.4% of the fund+111%
- CintasCTAS0.2% of the fund+21%
- Verisk AnalyticsVRSK0.2% of the fund+16%
- Berkshire HathawayBRK-B0.2% of the fund+13%
- BrookfieldBN0.2% of the fund+4%
- MerckMRK0.2% of the fund+6%
- Brookfield Infrastructure PABIP0.2% of the fund+11%
- Wheaton Precious MetalsWPM0.2% of the fund+4%
- AmetekAME0.2% of the fund+3%
- Canadian Natural ResourcesCNQ0.1% of the fund+2%
- DanaherDHR0.1% of the fund+38%
- Novartis AGNVS0.1% of the fund+3%
- LindeLIN0.1% of the fund+20%
- AonAON0.1% of the fund+19%
- Intercontinental ExchangeICE0.1% of the fund+4%
- DeereDE0.1% of the fund+17%
- Spotify TechnologySPOT0.1% of the fund+2%
Cut
Sold some of their stake.
- Sun Life FinancialSLF5.0% of the fund-18%
- AlphabetGOOGL4.2% of the fund-21%
- Bank of Nova ScotiaBNS4.1% of the fund-16%
- Amazon.comAMZN4.1% of the fund-3%
- Canadian Imperial Bank of Commerce /canCM3.8% of the fund-22%
- Royal Bank of CanadaRY3.3% of the fund-30%
- Bank of Montreal /canBMO3.0% of the fund-46%
- Mexican Economic DevelopmentFMX1.1% of the fund-8%
- FortisFTS0.4% of the fund-7%
- UnitedHealth GroupUNH0.3% of the fund-17%
- TargetTGT0.3% of the fund-31%
- Applied MaterialsAMAT0.3% of the fund-41%
- Verizon CommunicationsVZ0.3% of the fund-8%
- Targa ResourcesTRGP0.2% of the fund-14%
- Interactive Brokers GroupIBKR0.2% of the fund-18%
- Westinghouse Air Brake TechnologiesWAB0.2% of the fund-19%
- Trane TechnologiesTT0.2% of the fund-17%
- Thermo Fisher ScientificTMO0.2% of the fund-48%
- BroadcomAVGO0.2% of the fund-22%
- Taiwan Semiconductor ManufacturingTSM0.1% of the fund-3%
- Cisco SystemsCSCO0.1% of the fund-27%
- Magna InternationalMGA<0.1% of the fund-21%
- TeslaTSLA<0.1% of the fund-5%
- TC EnergyTRP<0.1% of the fund-4%
- Suncor EnergySU<0.1% of the fund-19%
Sold out
Sold their entire stake.
- CVS HealthCVS-100%
- Sherwin-WilliamsSHW-100%
- Moody'sMCO-100%
- IntuitINTU-100%
- Honeywell InternationalHON-100%
- Lowe's CompaniesLOW-100%
- Thomson Reuters-100%
- FedExFDX-100%
Holdings
- Canadian National RailwayCNI
- Share
- 5.1%
- Value
- $72m
- Shares
- 607,648
Held
- Sun Life FinancialSLF
- Share
- 5.0%
- Value
- $72m
- Shares
- 921,226
-18%
- Manulife FinancialMFC
- Share
- 4.3%
- Value
- $61m
- Shares
- 1,517,412
Held
- Bank of Nova ScotiaBNS
- Share
- 4.1%
- Value
- $59m
- Shares
- 679,868
-16%
- Canadian Imperial Bank of Commerce /canCM
- Share
- 3.8%
- Value
- $55m
- Shares
- 474,658
-22%
- Rogers CommunicationsRCI
- Share
- 3.7%
- Value
- $53m
- Shares
- 1,622,847
Held
- Royal Bank of CanadaRY
- Share
- 3.3%
- Value
- $47m
- Shares
- 228,376
-30%
- Bank of Montreal /canBMO
- Share
- 3.0%
- Value
- $42m
- Shares
- 239,642
-46%
- Toronto Dominion BankTD
- Share
- 0.4%
- Value
- $6m
- Shares
- 51,562
Held
- FortisFTS
- Share
- 0.4%
- Value
- $5m
- Shares
- 91,676
-7%
- TFI InternationalTFII
- Share
- 0.2%
- Value
- $3m
- Shares
- 18,019
Held
- BrookfieldBN
- Share
- 0.2%
- Value
- $2m
- Shares
- 56,554
+4%
- Brookfield Infrastructure PABIP
- Share
- 0.2%
- Value
- $2m
- Shares
- 60,033
+11%
- Wheaton Precious MetalsWPM
- Share
- 0.2%
- Value
- $2m
- Shares
- 19,261
+4%
- Canadian Natural ResourcesCNQ
- Share
- 0.1%
- Value
- $2m
- Shares
- 51,260
+2%
- UnileverUL
- Share
- 0.1%
- Value
- $2m
- Shares
- 26,001
+18%
- MethanexMEOH
- Share
- <0.1%
- Value
- $1m
- Shares
- 23,063
+6%
- Boyd Group ServicesBGSI
- Share
- <0.1%
- Value
- $1m
- Shares
- 10,658
+8%
- Magna InternationalMGA
- Share
- <0.1%
- Value
- $956,817
- Shares
- 14,579
-21%
- Algonquin Power & UtilitiesAQN
- Share
- <0.1%
- Value
- $702,209
- Shares
- 119,645
+20%
- Thomson Reuters Corp /canTRI
- Share
- <0.1%
- Value
- $682,486
- Shares
- 8,372
New
- TC EnergyTRP
- Share
- <0.1%
- Value
- $632,390
- Shares
- 9,568
-4%
- Descartes Systems GroupDSGX
- Share
- <0.1%
- Value
- $481,956
- Shares
- 6,972
+3%
- Honeywell AerospaceHONA
- Share
- <0.1%
- Value
- $434,000
- Shares
- 1,966
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| MicrosoftMSFT | 6.4% | $92m | 247,817 | +29% |
| Canadian National RailwayCNI | 5.1% | $72m | 607,648 | Held |
| Sun Life FinancialSLF | 5.0% | $72m | 921,226 | -18% |
| SalesforceCRM | 4.8% | $69m | 442,226 | +14% |
| Home DepotHD | 4.7% | $68m | 192,166 | +107% |
| VisaV | 4.6% | $66m | 193,666 | +70% |
| Automatic Data ProcessingADP | 4.6% | $66m | 296,491 | +64% |
| MastercardMA | 4.5% | $65m | 126,217 | +98% |
| Canadian Pacific Kansas CityCP | 4.4% | $63m | 724,607 | Held |
| Manulife FinancialMFC | 4.3% | $61m | 1,517,412 | Held |
| AlphabetGOOGL | 4.2% | $60m | 169,507 | -21% |
| Bank of Nova ScotiaBNS | 4.1% | $59m | 679,868 | -16% |
| Amazon.comAMZN | 4.1% | $58m | 244,050 | -3% |
| Canadian Imperial Bank of Commerce /canCM | 3.8% | $55m | 474,658 | -22% |
| Open TextOTEX | 3.7% | $53m | 2,415,779 | Held |
| Rogers CommunicationsRCI | 3.7% | $53m | 1,622,847 | Held |
| AccentureACN | 3.5% | $50m | 405,346 | +57% |
| Royal Bank of CanadaRY | 3.3% | $47m | 228,376 | -30% |
| Bank of Montreal /canBMO | 3.0% | $42m | 239,642 | -46% |
| Mexican Economic DevelopmentFMX | 1.1% | $16m | 125,783 | -8% |
| UBS Group AGUBS | 0.8% | $12m | 238,892 | Held |
| FerrariRACE | 0.8% | $11m | 30,120 | Held |
| AstrazenecaAZN | 0.8% | $11m | 58,251 | Held |
| SAP SESAP | 0.7% | $10m | 66,045 | +3% |
| Yum China HoldingsYUMC | 0.7% | $10m | 235,975 | Held |
| MedtronicMDT | 0.6% | $8m | 105,000 | Held |
| HDFC BankHDB | 0.5% | $8m | 293,129 | Held |
| KLAKLAC | 0.4% | $6m | 21,121 | +111% |
| Toronto Dominion BankTD | 0.4% | $6m | 51,562 | Held |
| FortisFTS | 0.4% | $5m | 91,676 | -7% |
| UnitedHealth GroupUNH | 0.3% | $4m | 10,035 | -17% |
| TargetTGT | 0.3% | $4m | 30,400 | -31% |
| PfizerPFE | 0.3% | $4m | 164,000 | Held |
| Applied MaterialsAMAT | 0.3% | $4m | 5,364 | -41% |
| Mondelez InternationalMDLZ | 0.3% | $4m | 63,500 | Held |
| PepsiCoPEP | 0.3% | $4m | 26,990 | Held |
| Verizon CommunicationsVZ | 0.3% | $4m | 85,597 | -8% |
| Eli LillyLLY | 0.2% | $4m | 2,976 | Held |
| American TowerAMT | 0.2% | $3m | 21,199 | Held |
| General ElectricGE | 0.2% | $3m | 9,216 | Held |
| S&P GlobalSPGI | 0.2% | $3m | 8,400 | Held |
| Targa ResourcesTRGP | 0.2% | $3m | 12,639 | -14% |
| AmphenolAPH | 0.2% | $3m | 18,587 | Held |
| DiageoDEO | 0.2% | $3m | 40,214 | Held |
| Interactive Brokers GroupIBKR | 0.2% | $3m | 36,757 | -18% |
| Westinghouse Air Brake TechnologiesWAB | 0.2% | $3m | 11,356 | -19% |
| Trane TechnologiesTT | 0.2% | $3m | 6,177 | -17% |
| Berkley W RWRB | 0.2% | $3m | 42,878 | New |
| Howmet AerospaceHWM | 0.2% | $3m | 11,110 | New |
| EMCOR GroupEME | 0.2% | $3m | 3,567 | New |
| CintasCTAS | 0.2% | $3m | 16,977 | +21% |
| Costco WholesaleCOST | 0.2% | $3m | 3,078 | New |
| Verisk AnalyticsVRSK | 0.2% | $3m | 16,016 | +16% |
| Berkshire HathawayBRK-B | 0.2% | $3m | 5,738 | +13% |
| WalmartWMT | 0.2% | $3m | 25,244 | Held |
| MckessonMCK | 0.2% | $3m | 3,648 | Held |
| Thermo Fisher ScientificTMO | 0.2% | $3m | 5,425 | -48% |
| MsciMSCI | 0.2% | $3m | 4,804 | Held |
| BroadcomAVGO | 0.2% | $3m | 7,011 | -22% |
| Campbell'sCPB | 0.2% | $3m | 117,000 | Held |
| TFI InternationalTFII | 0.2% | $3m | 18,019 | Held |
| General MillsGIS | 0.2% | $3m | 73,000 | Held |
| EnbridgeENB | 0.2% | $2m | 45,668 | Held |
| BrookfieldBN | 0.2% | $2m | 56,554 | +4% |
| MerckMRK | 0.2% | $2m | 18,475 | +6% |
| Brookfield Infrastructure PABIP | 0.2% | $2m | 60,033 | +11% |
| Wheaton Precious MetalsWPM | 0.2% | $2m | 19,261 | +4% |
| AmetekAME | 0.2% | $2m | 8,951 | +3% |
| Canadian Natural ResourcesCNQ | 0.1% | $2m | 51,260 | +2% |
| DanaherDHR | 0.1% | $2m | 10,411 | +38% |
| Novartis AGNVS | 0.1% | $2m | 12,450 | +3% |
| LindeLIN | 0.1% | $2m | 3,437 | +20% |
| AonAON | 0.1% | $2m | 5,353 | +19% |
| Intercontinental ExchangeICE | 0.1% | $2m | 14,279 | +4% |
| DeereDE | 0.1% | $2m | 2,747 | +17% |
| Taiwan Semiconductor ManufacturingTSM | 0.1% | $2m | 3,576 | -3% |
| Spotify TechnologySPOT | 0.1% | $2m | 3,596 | +2% |
| HeicoHEI | 0.1% | $2m | 4,581 | +55% |
| Texas InstrumentsTXN | 0.1% | $2m | 5,299 | Held |
| UnileverUL | 0.1% | $2m | 26,001 | +18% |
| Cisco SystemsCSCO | 0.1% | $2m | 13,273 | -27% |
| VeraltoVLTO | 0.1% | $1m | 16,248 | +40% |
| Dominos PizzaDPZ | <0.1% | $1m | 4,620 | +53% |
| Becton DickinsonBDX | <0.1% | $1m | 8,903 | +18% |
| AlconALC | <0.1% | $1m | 17,965 | +135% |
| Waste ManagementWM | <0.1% | $1m | 5,109 | +43% |
| MethanexMEOH | <0.1% | $1m | 23,063 | +6% |
| Boyd Group ServicesBGSI | <0.1% | $1m | 10,658 | +8% |
| Magna InternationalMGA | <0.1% | $956,817 | 14,579 | -21% |
| TeslaTSLA | <0.1% | $899,174 | 2,141 | -5% |
| Honeywell InternationalHON | <0.1% | $870,306 | 3,893 | New |
| Algonquin Power & UtilitiesAQN | <0.1% | $702,209 | 119,645 | +20% |
| Thomson Reuters Corp /canTRI | <0.1% | $682,486 | 8,372 | New |
| TC EnergyTRP | <0.1% | $632,390 | 9,568 | -4% |
| Bentley SystemsBSY | <0.1% | $602,766 | 20,196 | Held |
| Roper TechnologiesROP | <0.1% | $516,634 | 1,529 | +4% |
| AppleAAPL | <0.1% | $505,921 | 1,751 | +7% |
| Descartes Systems GroupDSGX | <0.1% | $481,956 | 6,972 | +3% |
| Meta PlatformsMETA | <0.1% | $478,651 | 851 | +4% |
| Honeywell AerospaceHONA | <0.1% | $434,000 | 1,966 | New |
Showing the largest 100 of 104.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 12.0% since 30 June 2025.
Where the money is
Financial services35.7%
Technology20.8%
Industrials16.4%
Retail & consumer10.5%
Media & telecom8.4%
Health care3.1%
Everyday goods2.9%
Energy0.6%
Utilities0.5%
Real estate0.4%
Materials0.3%
Other0.3%
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.