Q3 2026 13F · SEC CIK 1570253

QV Investors Inc.

Asset managerFiled 2026-10-20 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $1.4B
Reported positions: 71
Top holdings a year, 3 yrs: +16.6%
Average holding period: 2.7 yrs

QV Investors Inc. is an asset manager that reported 71 positions worth $1.4B in its Q3 2026 13F, filed 2026-10-20. Its largest holdings were Sunococorp LLC (SUNC, 5.5%), Canadian Natl Ry Co (CNI, 5.2%), Cgi Inc (GIB, 4.5%). A portfolio copying its top holdings returned 16.6% a year over the last 3 years, against 22.3% for the S&P 500.

QV Investors Inc. holdings largest 50 of 71 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

QV Investors Inc. 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
SUNCSunococorp LLC	5.5%	5.5%	1,028,154	-2.3%	$75.2M
CNICanadian Natl Ry Co	5.2%	5.4%	588,645	-0.5%	$70.2M
GIBCgi Inc	4.5%	4.5%	903,907	-0.5%	$61.6M
CPCanadian Pacific Kansas City	4.3%	4.6%	679,940	-0.5%	$58.0M
RYRoyal Bk Cda	4.1%	5.2%	283,499	-13.2%	$55.9M
STNStantec Inc	3.8%	2.7%	759,645	+48.5%	$51.3M
FNVFranco Nev Corp	3.7%	3.4%	210,447	-0.5%	$50.2M
MGAMagna Intl Inc	3.5%	2.8%	739,472	+33.3%	$47.2M
TDToronto Dominion Bk Ont	3.4%	3.7%	392,465	-0.5%	$46.3M
GFLGfl Environmental Inc	3.3%	—	1,071,792	—	$44.9M
FTSFortis Inc	3.2%	3.6%	817,848	-0.5%	$43.3M
DOOBrp Inc/ca- Sub Voting	2.8%	2.6%	684,109	+22.5%	$38.5M
SLFSun Life Financial Inc.	2.8%	2.9%	484,718	-0.5%	$37.9M
EMAEmera Inc	2.6%	3.0%	743,263	-0.5%	$35.6M
RCIRogers Communications Inc	2.4%	2.0%	1,076,059	+31.4%	$33.2M
WFGWest Fraser Timber Ltd	2.4%	1.9%	475,092	+33.5%	$33.0M
ENBEnbridge Inc	2.4%	2.9%	692,419	-0.5%	$32.3M
RBARb Global Inc	2.3%	2.6%	390,069	+33.4%	$31.8M
BNBrookfield Corp	2.3%	2.1%	861,190	+32.6%	$31.5M
TFIITfi International Inc	2.2%	3.5%	251,232	-20.5%	$30.2M
CNQCanadian Nat Res Ltd Med Ter	1.8%	1.6%	531,765	-0.5%	$25.1M
EOGEog Res Inc	1.6%	1.6%	160,585	-1.5%	$22.1M
GILGildan Activewear Inc	1.6%	—	498,981	—	$21.3M
MSFTMicrosoft Corp	1.4%	1.1%	37,910	-1.4%	$19.4M
DGDollar Gen Corp	1.4%	1.4%	157,620	-1.4%	$18.8M
CNCCentene Corp Del	1.4%	1.5%	303,172	-1.5%	$18.8M
PEPPepsico Inc	1.3%	1.5%	137,685	-1.5%	$17.4M
NFLXNetflix Inc.	1.2%	1.3%	227,400	-1.2%	$15.8M
AMZNAmazon Com Inc	1.1%	1.1%	60,980	-1.5%	$15.2M
CVXChevron Corporation	1.0%	0.9%	69,407	-1.5%	$14.2M
NVONovo-Nordisk A S	1.0%	1.4%	363,958	-1.5%	$13.8M
SOLVSolventum Corporation Common S	1.0%	1.3%	154,502	-29.4%	$13.6M
THOThor Inds Inc	1.0%	1.1%	195,366	-1.3%	$13.5M
BABAAlibaba Group Hldg Ltd	1.0%	0.5%	123,617	+66.3%	$13.3M
LIILennox Intl Inc	0.9%	0.9%	36,424	+84.7%	$12.9M
ELLauder Estee Cos Inc	0.9%	0.8%	134,480	-1.5%	$12.5M
ULUnilever PLC	0.9%	1.0%	203,243	-1.5%	$12.3M
GOOGLAlphabet Inc	0.8%	0.9%	31,920	-1.5%	$11.0M
XOMExxonmobil Holdings Corp	0.7%	0.7%	62,201	-1.5%	$10.1M
UNPUnion Pac Corp	0.7%	1.3%	36,166	-42.4%	$9.8M
ODFLOld Dominion Freight Line in	0.7%	0.9%	55,360	-1.3%	$9.6M
DRIDarden Restaurants Inc	0.7%	0.8%	48,722	-1.5%	$9.4M
UNHUnitedhealth Group Inc	0.7%	0.8%	24,494	-1.5%	$9.0M
SYKStryker Corporation	0.7%	—	32,320	—	$8.9M
HALHalliburton Co	0.6%	0.7%	258,060	-1.5%	$8.2M
NRCNrc Health	0.6%	0.6%	372,503	+0.0%	$7.9M
SBUXStarbucks Corp	0.5%	0.8%	74,790	-28.1%	$7.0M
HIMSHims & Hers Health Inc	0.5%	0.6%	224,130	+0.0%	$6.7M
OZKBank Ozk Little Rock Ark Com	0.5%	0.6%	140,010	-1.4%	$6.4M
AZOAutozone Inc	0.4%	0.5%	2,072	-1.4%	$5.9M

What QV Investors Inc. bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Added to

LII Lennox Intl Inc+84.7% shares
BABA Alibaba Group Hldg Ltd+66.3% shares
STN Stantec Inc+48.5% shares
WFG West Fraser Timber Ltd+33.5% shares
RBA Rb Global Inc+33.4% shares
MGA Magna Intl Inc+33.3% shares
BN Brookfield Corp+32.6% shares
RCI Rogers Communications Inc+31.4% shares

Reduced

UNP Union Pac Corp-42.4% shares
SOLV Solventum Corporation Common S-29.4% shares
SBUX Starbucks Corp-28.1% shares
TFII Tfi International Inc-20.5% shares
RY Royal Bk Cda-13.2% shares

Left the top 50

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +22.3% /yr; S&P 500 +11.7%
3 years: +16.6% /yr; S&P 500 +22.3%
5 years: +6.5% /yr; S&P 500 +10.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$1.4B	71
Q2 2026	$1.3B	68
Q1 2026	$1.2B	65
Q4 2025	$1.2B	64
Q3 2025	$1.2B	63
Q2 2025	$1.0B	63
Q1 2025	$990.4M	65
Q4 2024	$969.9M	63
Q3 2024	$1.1B	65
Q2 2024	$1.1B	64
Q1 2024	$1.2B	65
Q4 2023	$1.1B	66

Questions about QV Investors Inc.'s portfolio

What stocks does QV Investors Inc. own?

QV Investors Inc.'s latest 13F, for Q3 2026 and filed Oct 20, 2026, lists 71 positions worth $1.4B. The largest are Sunococorp LLC (SUNC) at 5.5%, Canadian Natl Ry Co (CNI) at 5.2%, Cgi Inc (GIB) at 4.5%, Canadian Pacific Kansas City (CP) at 4.3% and Royal Bk Cda (RY) at 4.1%.

What did QV Investors Inc. buy last quarter?

In Q3 2026, QV Investors Inc. added Lennox Intl Inc (LII) (+84.7% shares), Alibaba Group Hldg Ltd (BABA) (+66.3% shares) and Stantec Inc (STN) (+48.5% shares), compared with its Q2 2026 filing.

What did QV Investors Inc. sell last quarter?

In Q3 2026, QV Investors Inc. cut from its top 50 Imperial Oil Ltd (IMO), cut from its top 50 Warrior Met Coal Inc (HCC), cut from its top 50 Johnson & Johnson (JNJ), Union Pac Corp (UNP) (-42.4% shares), Solventum Corporation Common S (SOLV) (-29.4% shares) and Starbucks Corp (SBUX) (-28.1% shares), compared with its Q2 2026 filing.

How has QV Investors Inc.'s portfolio performed?

A portfolio copying QV Investors Inc.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +16.6% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +22.3% against +11.7%. Over 5 years: +6.5% a year against +10.6%.

When is QV Investors Inc.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. QV Investors Inc.'s filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.