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QV Investors Inc. — 13F Holdings & Portfolio

CIK 1570253 · latest 13F-HR filed 2026-10-20

Backtest portfolio

QV Investors Inc. manages $1.36B in 13F-reported U.S. long-equity assets across 71 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are SUNC (5.52%), CNI (5.16%), GIB (4.52%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 4 new positions and exited 1; 20 existing positions rose in reported value and 31 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$1.36B

Long-equity book

Holdings
71

Distinct positions

Period
2026-09-30

Filed 2026-10-20

Q/Q Activity
+4 / −1 / ↑20 / ↓31

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
SUNC5.5% · -2%CNI5.2% · -0%GIB4.5% · -0%CP4.3% · -0%RY4.1% · -13%STN3.8% · +48%FNV3.7% · -0%MGA3.5% · +33%TD3.4% · -0%GFL3.3% · newFTS3.2% · -0%DOO2.8% · +22%SLF2.8% · -0%EMA2.6% · -0%RCI2.4% · +31%WFG2.4% · +34%ENB2.4% · -0%RBA2.3% · +33%BN2.3% · +33%TFII2.2% · -20%CNQ1.8% · -0%EOG1.6% · -2%GIL1.6% · newMSFT1.4% · -1%DG1.4% · -1%CNC1.4% · -2%PEP1.3% · -2%NFLX1.2% · -1%AMZN1.1% · -2%CVX1.0% · -2%NVO1.0% · -2%SOLV1.0% · -29%THO1.0% · -1%BABA1.0% · +66%LII0.9% · +85%EL0.9% · -2%UL0.9% · -2%GOOGL0.8% · -2%XOM0.7% · -2%UNP0.7% · -42%ODFL0.7% · -1%DRI0.7% · -2%UNH0.7% · -2%SYK0.7% · newHAL0.6% · -2%NRC0.6% · 0%SBUX0.5% · -28%HIMS0.5% · 0%OZK0.5% · -1%AZO0.4% · -1%JNJ0.4% · -15%PCAR0.4% · -2%HCC0.4% · -32%BRK.B0.4% · -2%DIS0.3% · +54%ROST0.3% · -2%JPM0.3% · -2%MMM0.3% · -2%HAE0.2% · 0%CMI0.2% · -26%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 41.2%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

QV Investors Inc. Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 SUNOCOCORP LLC SUNC 86765Q106 $75.2M 5.52% 1,028,154 SH
2 CANADIAN NATL RAILWAY CO CNI 136375102 $70.2M 5.16% 588,645 SH
3 CGI INC GIB 12532H104 $61.6M 4.52% 903,907 SH
4 CANADIAN PACIFIC KANSAS CITY CP 13646K108 $58.0M 4.26% 679,940 SH
5 ROYAL BANK OF CANADA RY 780087102 $55.9M 4.10% 283,499 SH
6 STANTEC INC STN 85472N109 $51.3M 3.77% 759,645 SH
7 FRANCO-NEVADA CORP FNV 351858105 $50.2M 3.69% 210,447 SH
8 MAGNA INTERNATIONAL INC MGA 559222401 $47.2M 3.47% 739,472 SH
9 TORONTO-DOMINION BANK TD 891160509 $46.3M 3.40% 392,465 SH
10 GFL ENVIRONMENTAL INC-SUB VT GFL 36168Q104 $44.9M 3.29% 1,071,792 SH
11 FORTIS INC FTS 349553107 $43.3M 3.18% 817,848 SH
12 BRP INC/CA- SUB VOTING DOO 05577W200 $38.5M 2.83% 684,109 SH
13 SUN LIFE FINANCIAL INC SLF 866796105 $37.9M 2.78% 484,718 SH
14 EMERA INC EMA 290876101 $35.6M 2.61% 743,263 SH
15 ROGERS COMMUNICATIONS INC-B RCI 775109200 $33.2M 2.44% 1,076,059 SH
16 WEST FRASER TIMBER CO LTD WFG 952845105 $33.0M 2.42% 475,092 SH
17 ENBRIDGE INC ENB 29250N105 $32.3M 2.37% 692,419 SH
18 RB GLOBAL INC RBA 74935Q107 $31.8M 2.34% 390,069 SH
19 BROOKFIELD CORP BN 11271J107 $31.5M 2.31% 861,190 SH
20 TFI INTERNATIONAL INC TFII 87241L109 $30.2M 2.22% 251,232 SH
21 CANADIAN NATURAL RESOURCES CNQ 136385101 $25.1M 1.84% 531,765 SH
22 EOG RESOURCES INC EOG 26875P101 $22.1M 1.62% 160,585 SH
23 GILDAN ACTIVEWEAR INC GIL 375916103 $21.3M 1.56% 498,981 SH
24 MICROSOFT CORP MSFT 594918104 $19.4M 1.43% 37,910 SH
25 DOLLAR GENERAL CORP DG 256677105 $18.8M 1.38% 157,620 SH
26 CENTENE CORP CNC 15135B101 $18.8M 1.38% 303,172 SH
27 PEPSICO INC PEP 713448108 $17.4M 1.28% 137,685 SH
28 NETFLIX INC NFLX 64110L106 $15.8M 1.16% 227,400 SH
29 AMAZON.COM INC AMZN 023135106 $15.2M 1.12% 60,980 SH
30 CHEVRON CORP CVX 166764100 $14.2M 1.04% 69,407 SH
31 NOVO-NORDISK A/S-SPONS ADR NVO 670100205 $13.8M 1.01% 363,958 SH
32 SOLVENTUM CORP SOLV 83444M101 $13.6M 1.00% 154,502 SH
33 THOR INDUSTRIES INC THO 885160101 $13.5M 0.99% 195,366 SH
34 ALIBABA GROUP HOLDING-SP ADR BABA 01609W102 $13.3M 0.98% 123,617 SH
35 LENNOX INTERNATIONAL INC LII 526107107 $12.9M 0.95% 36,424 SH
36 ESTEE LAUDER COMPANIES-CL A EL 518439104 $12.5M 0.92% 134,480 SH
37 UNILEVER PLC-SPONSORED ADR UL 904767803 $12.3M 0.91% 203,243 SH
38 ALPHABET INC-CL A GOOGL 02079K305 $11.0M 0.81% 31,920 SH
39 EXXONMOBIL HOLDINGS CORP XOM 30233Q108 $10.1M 0.74% 62,201 SH
40 UNION PACIFIC CORP UNP 907818108 $9.8M 0.72% 36,166 SH
41 OLD DOMINION FREIGHT LINE ODFL 679580100 $9.6M 0.71% 55,360 SH
42 DARDEN RESTAURANTS INC DRI 237194105 $9.4M 0.69% 48,722 SH
43 UNITEDHEALTH GROUP INC UNH 91324P102 $9.0M 0.66% 24,494 SH
44 STRYKER CORP SYK 863667101 $8.9M 0.65% 32,320 SH
45 HALLIBURTON CO HAL 406216101 $8.2M 0.60% 258,060 SH
46 NRC HEALTH NRC 637372202 $7.9M 0.58% 372,503 SH
47 STARBUCKS CORP SBUX 855244109 $7.0M 0.52% 74,790 SH
48 HIMS & HERS HEALTH INC HIMS 433000106 $6.7M 0.49% 224,130 SH
49 BANK OZK OZK 06417N103 $6.4M 0.47% 140,010 SH
50 AUTOZONE INC AZO 053332102 $5.9M 0.43% 2,072 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-20 $1.36B 71 0001570253-26-000004
2026-06-30 2026-07-21 $1.30B 68 0001570253-26-000003
2026-03-31 2026-04-23 $1.24B 65 0001570253-26-000002
2025-12-31 2026-01-20 $1.22B 64 0001570253-26-000001
Filer Information
Address
SUITE 1008, LIVINGSTON PLACE, STH TOWER
222 - 3RD AVENUE SW
CALGARY, A0 T2P 0B4
Phone
(403) 265-7007
Filing Manager
QV Investors Inc.
CALGARY, A0
Signatory
Patti Lang
Chief Compliance Officer