QV Investors Inc. Diversified Active

Name: QV Investors Inc. Q2 2026 13F Filing | 13F Explorer
Creator: QV Investors Inc.
Published: 2026-07-21

Location: Calgary, Alberta, Canada

CIK: 0001570253 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Jul 21, 2026

Total Value: $1.299B

Holdings (68)

New Positions (4)

MSFT MICROSOFT CORP 1.1%

Value $14.35M Shares 38,460 Est. Cost $373.01 Unrealized —

XOM EXXONMOBIL HOLDINGS CORP 0.7%

Value $8.635M Shares 63,161 Est. Cost $136.71 Unrealized —

HIMS HIMS & HERS HEALTH INC 0.6%

Value $7.771M Shares 224,130 Est. Cost $34.67 Unrealized —

TREX TREX COMPANY INC 0.1%

Value $1.615M Shares 32,270 Est. Cost $50.05 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	38,460	$14.35M	1.1%	$373.01	—	—	594918104
XOM	EXXONMOBIL HOLDINGS CORP	63,161	$8.635M	0.7%	$136.71	—	—	30233Q108
HIMS	HIMS & HERS HEALTH INC	224,130	$7.771M	0.6%	$34.67	—	—	433000106
TREX	TREX COMPANY INC	32,270	$1.615M	0.1%	$50.05	—	—	89531P105

Increased Positions (12)

STN STANTEC INC 2.7%

Value $35.28M (+155.3%) Shares 511,665 (+219.1%) Est. Cost $74.35 Unrealized —

WFG WEST FRASER TIMBER CO LTD 1.9%

Value $24.09M (+56.8%) Shares 355,987 (+50.8%) Est. Cost $68.78 Unrealized —

GIB CGI INC 4.5%

Value $58.72M (+16.3%) Shares 908,728 (+31.2%) Est. Cost $82.32 Unrealized —

LII LENNOX INTERNATIONAL INC 0.9%

Value $11.3M (+219.8%) Shares 19,724 (+159.0%) Est. Cost $476.76 Unrealized —

NFLX NETFLIX INC 1.3%

Value $16.43M (+88.0%) Shares 230,060 (+153.1%) Est. Cost $76.31 Unrealized —

NVO NOVO-NORDISK A/S-SPONS ADR 1.4%

Value $17.71M (+67.6%) Shares 369,468 (+28.5%) Est. Cost $54.01 Unrealized —

THO THOR INDUSTRIES INC 1.1%

Value $14.88M (+68.7%) Shares 197,996 (+79.3%) Est. Cost $78.57 Unrealized —

EL ESTEE LAUDER COMPANIES-CL A 0.8%

Value $10.78M (+47.1%) Shares 136,530 (+33.7%) Est. Cost $87.48 Unrealized —

DOO BRP INC/CA- SUB VOTING 2.6%

Value $34.09M (+8.5%) Shares 558,363 (+27.3%) Est. Cost $57.07 Unrealized —

DG DOLLAR GENERAL CORP 1.4%

Value $18.4M (+16.8%) Shares 159,850 (+20.5%) Est. Cost $87.94 Unrealized —

BABA ALIBABA GROUP HOLDING-SP ADR 0.5%

Value $7.136M (+17.6%) Shares 74,347 (+53.8%) Est. Cost $108.41 Unrealized —

OGS ONE GAS INC 0.1%

Value $1.515M (+25.4%) Shares 19,660 (+40.1%) Est. Cost $66.02 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
STN	STANTEC INC	511,665 (+219.1%)	$35.28M (+155.3%)	2.7%	$74.35	—	—	85472N109
WFG	WEST FRASER TIMBER CO LTD	355,987 (+50.8%)	$24.09M (+56.8%)	1.9%	$68.78	—	—	952845105
GIB	CGI INC	908,728 (+31.2%)	$58.72M (+16.3%)	4.5%	$82.32	—	—	12532H104
LII	LENNOX INTERNATIONAL INC	19,724 (+159.0%)	$11.3M (+219.8%)	0.9%	$476.76	—	—	526107107
NFLX	NETFLIX INC	230,060 (+153.1%)	$16.43M (+88.0%)	1.3%	$76.31	—	—	64110L106
NVO	NOVO-NORDISK A/S-SPONS ADR	369,468 (+28.5%)	$17.71M (+67.6%)	1.4%	$54.01	—	—	670100205
THO	THOR INDUSTRIES INC	197,996 (+79.3%)	$14.88M (+68.7%)	1.1%	$78.57	—	—	885160101
EL	ESTEE LAUDER COMPANIES-CL A	136,530 (+33.7%)	$10.78M (+47.1%)	0.8%	$87.48	—	—	518439104
DOO	BRP INC/CA- SUB VOTING	558,363 (+27.3%)	$34.09M (+8.5%)	2.6%	$57.07	—	—	05577W200
DG	DOLLAR GENERAL CORP	159,850 (+20.5%)	$18.4M (+16.8%)	1.4%	$87.94	—	—	256677105
BABA	ALIBABA GROUP HOLDING-SP ADR	74,347 (+53.8%)	$7.136M (+17.6%)	0.5%	$108.41	—	—	01609W102
OGS	ONE GAS INC	19,660 (+40.1%)	$1.515M (+25.4%)	0.1%	$66.02	—	—	68235P108

Exited Positions (1)

XOM EXXON MOBIL CORP 1.2%

Value $15.22M Shares 89,721 Est. Cost $105.69 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
XOM	EXXON MOBIL CORP	89,721	$15.22M	1.2%	$105.69	—	—	30231G102

Decreased Positions (49)

MRK MERCK & CO. INC. 0.2%

Value $2.36M (-84.8%) Shares 18,367 (-85.8%) Est. Cost $83.11 Unrealized —

ODFL OLD DOMINION FREIGHT LINE 0.9%

Value $12.15M (-49.6%) Shares 56,110 (-54.5%) Est. Cost $143.18 Unrealized —

FNV FRANCO-NEVADA CORP 3.4%

Value $44.13M (-19.4%) Shares 211,562 (-4.7%) Est. Cost $110.58 Unrealized —

CNC CENTENE CORP 1.5%

Value $19.76M (+90.9%) Shares 307,772 (-2.6%) Est. Cost $53.13 Unrealized —

IMO IMPERIAL OIL LTD 1.4%

Value $17.58M (-32.5%) Shares 156,597 (-21.5%) Est. Cost $85.57 Unrealized —

CNI CANADIAN NATL RAILWAY CO 5.4%

Value $70.59M (+11.7%) Shares 591,760 (-4.0%) Est. Cost $93.37 Unrealized —

CVX CHEVRON CORP 0.9%

Value $11.68M (-38.6%) Shares 70,457 (-23.4%) Est. Cost $152.96 Unrealized —

CNQ CANADIAN NATURAL RESOURCES 1.6%

Value $21.15M (-23.0%) Shares 534,597 (-5.3%) Est. Cost $29.57 Unrealized —

SLF SUN LIFE FINANCIAL INC 2.9%

Value $38.25M (+18.6%) Shares 487,300 (-5.7%) Est. Cost $47.80 Unrealized —

RCI ROGERS COMMUNICATIONS INC-B 2.0%

Value $26.63M (-18.3%) Shares 818,963 (-3.7%) Est. Cost $29.25 Unrealized —

TD TORONTO-DOMINION BANK 3.7%

Value $47.95M (+11.6%) Shares 394,545 (-14.5%) Est. Cost $75.06 Unrealized —

HAL HALLIBURTON CO 0.7%

Value $8.895M (-34.5%) Shares 262,000 (-24.8%) Est. Cost $31.19 Unrealized —

RBA RB GLOBAL INC 2.6%

Value $34.03M (+15.9%) Shares 292,372 (-4.8%) Est. Cost $62.65 Unrealized —

HCC WARRIOR MET COAL INC 0.5%

Value $6.825M (-38.9%) Shares 84,095 (-29.9%) Est. Cost $57.14 Unrealized —

SBUX STARBUCKS CORP 0.8%

Value $10.63M (-28.1%) Shares 104,060 (-36.9%) Est. Cost $82.01 Unrealized —

MGA MAGNA INTERNATIONAL INC 2.8%

Value $36.47M (+11.8%) Shares 554,841 (-5.3%) Est. Cost $64.24 Unrealized —

UNH UNITEDHEALTH GROUP INC 0.8%

Value $10.34M (+49.5%) Shares 24,874 (-2.7%) Est. Cost $356.19 Unrealized —

PEP PEPSICO INC 1.5%

Value $18.93M (-15.2%) Shares 139,795 (-2.7%) Est. Cost $142.75 Unrealized —

CP CANADIAN PACIFIC KANSAS CITY 4.6%

Value $59.24M (+5.9%) Shares 683,546 (-4.1%) Est. Cost $73.60 Unrealized —

EOG EOG RESOURCES INC 1.6%

Value $21.14M (-12.5%) Shares 162,995 (-2.5%) Est. Cost $93.53 Unrealized —

SOLV SOLVENTUM CORP 1.3%

Value $16.87M (+15.0%) Shares 218,692 (-2.7%) Est. Cost $63.98 Unrealized —

GOOGL ALPHABET INC-CL A 0.9%

Value $11.58M (+20.9%) Shares 32,410 (-2.7%) Est. Cost $122.81 Unrealized —

TFII TFI INTERNATIONAL INC 3.5%

Value $45.48M (+4.4%) Shares 316,026 (-21.2%) Est. Cost $125.19 Unrealized —

ENB ENBRIDGE INC 2.9%

Value $37.73M (-4.4%) Shares 696,095 (-4.7%) Est. Cost $46.12 Unrealized —

NRC NRC HEALTH 0.6%

Value $8.035M (+24.1%) Shares 372,503 (-2.3%) Est. Cost $36.52 Unrealized —

AMZN AMAZON.COM INC 1.1%

Value $14.76M (+11.2%) Shares 61,920 (-2.8%) Est. Cost $137.88 Unrealized —

UNP UNION PACIFIC CORP 1.3%

Value $17.08M (+9.1%) Shares 62,791 (-2.7%) Est. Cost $187.10 Unrealized —

RY ROYAL BANK OF CANADA 5.2%

Value $67.6M (+1.7%) Shares 326,549 (-20.8%) Est. Cost $117.75 Unrealized —

SUNC SUNOCOCORP LLC 5.5%

Value $71.21M (-1.4%) Shares 1,052,334 (-10.2%) Est. Cost $49.49 Unrealized —

EMA EMERA INC 3.0%

Value $39.62M (-2.1%) Shares 747,226 (-4.6%) Est. Cost $43.35 Unrealized —

OZK BANK OZK 0.6%

Value $7.4M (+10.9%) Shares 142,060 (-2.3%) Est. Cost $30.92 Unrealized —

AZO AUTOZONE INC 0.5%

Value $6.718M (-8.0%) Shares 2,102 (-2.8%) Est. Cost $1859.36 Unrealized —

AMAT APPLIED MATERIALS INC 0.2%

Value $3.246M (-13.9%) Shares 4,490 (-59.3%) Est. Cost $163.19 Unrealized —

MCK MCKESSON CORP 0.2%

Value $2.138M (-15.4%) Shares 2,829 (-3.1%) Est. Cost $146.42 Unrealized —

CMI CUMMINS INC 0.4%

Value $5.292M (+7.1%) Shares 7,420 (-19.2%) Est. Cost $157.03 Unrealized —

FTS FORTIS INC 3.6%

Value $47.09M (-0.7%) Shares 822,277 (-3.6%) Est. Cost $34.54 Unrealized —

UL UNILEVER PLC-SPONSORED ADR 1.0%

Value $12.41M (+2.8%) Shares 206,353 (-2.6%) Est. Cost $65.40 Unrealized —

JPM JPMORGAN CHASE & CO 0.3%

Value $4.008M (+7.7%) Shares 12,245 (-3.2%) Est. Cost $95.78 Unrealized —

MMM 3M CO 0.3%

Value $3.842M (+8.0%) Shares 23,730 (-3.1%) Est. Cost $94.02 Unrealized —

AXP AMERICAN EXPRESS CO 0.2%

Value $3.119M (+8.4%) Shares 9,220 (-3.0%) Est. Cost $72.01 Unrealized —

DRI DARDEN RESTAURANTS INC 0.8%

Value $10.19M (+2.3%) Shares 49,472 (-2.7%) Est. Cost $147.12 Unrealized —

ROST ROSS STORES INC 0.3%

Value $3.806M (-4.9%) Shares 17,880 (-3.2%) Est. Cost $98.54 Unrealized —

BAC BANK OF AMERICA CORP 0.1%

Value $1.038M (+13.2%) Shares 18,210 (-3.1%) Est. Cost $26.53 Unrealized —

HD HOME DEPOT INC 0.2%

Value $3.032M (+4.0%) Shares 8,597 (-3.0%) Est. Cost $256.01 Unrealized —

DIS WALT DISNEY CO/THE 0.2%

Value $2.535M (-3.3%) Shares 26,340 (-3.2%) Est. Cost $110.45 Unrealized —

BN BROOKFIELD CORP 2.1%

Value $27.7M (+0.2%) Shares 649,449 (-5.1%) Est. Cost $45.37 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC-CL B 0.4%

Value $4.969M (+1.2%) Shares 9,931 (-3.1%) Est. Cost $157.65 Unrealized —

PCAR PACCAR INC 0.5%

Value $6.404M (+0.7%) Shares 53,310 (-3.2%) Est. Cost $58.02 Unrealized —

JNJ JOHNSON & JOHNSON 0.5%

Value $6.573M (+0.6%) Shares 25,880 (-3.2%) Est. Cost $141.13 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MRK	MERCK & CO. INC.	18,367 (-85.8%)	$2.36M (-84.8%)	0.2%	$83.11	—	—	58933Y105
ODFL	OLD DOMINION FREIGHT LINE	56,110 (-54.5%)	$12.15M (-49.6%)	0.9%	$143.18	—	—	679580100
FNV	FRANCO-NEVADA CORP	211,562 (-4.7%)	$44.13M (-19.4%)	3.4%	$110.58	—	—	351858105
CNC	CENTENE CORP	307,772 (-2.6%)	$19.76M (+90.9%)	1.5%	$53.13	—	—	15135B101
IMO	IMPERIAL OIL LTD	156,597 (-21.5%)	$17.58M (-32.5%)	1.4%	$85.57	—	—	453038408
CNI	CANADIAN NATL RAILWAY CO	591,760 (-4.0%)	$70.59M (+11.7%)	5.4%	$93.37	—	—	136375102
CVX	CHEVRON CORP	70,457 (-23.4%)	$11.68M (-38.6%)	0.9%	$152.96	—	—	166764100
CNQ	CANADIAN NATURAL RESOURCES	534,597 (-5.3%)	$21.15M (-23.0%)	1.6%	$29.57	—	—	136385101
SLF	SUN LIFE FINANCIAL INC	487,300 (-5.7%)	$38.25M (+18.6%)	2.9%	$47.80	—	—	866796105
RCI	ROGERS COMMUNICATIONS INC-B	818,963 (-3.7%)	$26.63M (-18.3%)	2.0%	$29.25	—	—	775109200
TD	TORONTO-DOMINION BANK	394,545 (-14.5%)	$47.95M (+11.6%)	3.7%	$75.06	—	—	891160509
HAL	HALLIBURTON CO	262,000 (-24.8%)	$8.895M (-34.5%)	0.7%	$31.19	—	—	406216101
RBA	RB GLOBAL INC	292,372 (-4.8%)	$34.03M (+15.9%)	2.6%	$62.65	—	—	74935Q107
HCC	WARRIOR MET COAL INC	84,095 (-29.9%)	$6.825M (-38.9%)	0.5%	$57.14	—	—	93627C101
SBUX	STARBUCKS CORP	104,060 (-36.9%)	$10.63M (-28.1%)	0.8%	$82.01	—	—	855244109
MGA	MAGNA INTERNATIONAL INC	554,841 (-5.3%)	$36.47M (+11.8%)	2.8%	$64.24	—	—	559222401
UNH	UNITEDHEALTH GROUP INC	24,874 (-2.7%)	$10.34M (+49.5%)	0.8%	$356.19	—	—	91324P102
PEP	PEPSICO INC	139,795 (-2.7%)	$18.93M (-15.2%)	1.5%	$142.75	—	—	713448108
CP	CANADIAN PACIFIC KANSAS CITY	683,546 (-4.1%)	$59.24M (+5.9%)	4.6%	$73.60	—	—	13646K108
EOG	EOG RESOURCES INC	162,995 (-2.5%)	$21.14M (-12.5%)	1.6%	$93.53	—	—	26875P101
SOLV	SOLVENTUM CORP	218,692 (-2.7%)	$16.87M (+15.0%)	1.3%	$63.98	—	—	83444M101
GOOGL	ALPHABET INC-CL A	32,410 (-2.7%)	$11.58M (+20.9%)	0.9%	$122.81	—	—	02079K305
TFII	TFI INTERNATIONAL INC	316,026 (-21.2%)	$45.48M (+4.4%)	3.5%	$125.19	—	—	87241L109
ENB	ENBRIDGE INC	696,095 (-4.7%)	$37.73M (-4.4%)	2.9%	$46.12	—	—	29250N105
NRC	NRC HEALTH	372,503 (-2.3%)	$8.035M (+24.1%)	0.6%	$36.52	—	—	637372202
AMZN	AMAZON.COM INC	61,920 (-2.8%)	$14.76M (+11.2%)	1.1%	$137.88	—	—	023135106
UNP	UNION PACIFIC CORP	62,791 (-2.7%)	$17.08M (+9.1%)	1.3%	$187.10	—	—	907818108
RY	ROYAL BANK OF CANADA	326,549 (-20.8%)	$67.6M (+1.7%)	5.2%	$117.75	—	—	780087102
SUNC	SUNOCOCORP LLC	1,052,334 (-10.2%)	$71.21M (-1.4%)	5.5%	$49.49	—	—	86765Q106
EMA	EMERA INC	747,226 (-4.6%)	$39.62M (-2.1%)	3.0%	$43.35	—	—	290876101
OZK	BANK OZK	142,060 (-2.3%)	$7.4M (+10.9%)	0.6%	$30.92	—	—	06417N103
AZO	AUTOZONE INC	2,102 (-2.8%)	$6.718M (-8.0%)	0.5%	$1859.36	—	—	053332102
AMAT	APPLIED MATERIALS INC	4,490 (-59.3%)	$3.246M (-13.9%)	0.2%	$163.19	—	—	038222105
MCK	MCKESSON CORP	2,829 (-3.1%)	$2.138M (-15.4%)	0.2%	$146.42	—	—	58155Q103
CMI	CUMMINS INC	7,420 (-19.2%)	$5.292M (+7.1%)	0.4%	$157.03	—	—	231021106
FTS	FORTIS INC	822,277 (-3.6%)	$47.09M (-0.7%)	3.6%	$34.54	—	—	349553107
UL	UNILEVER PLC-SPONSORED ADR	206,353 (-2.6%)	$12.41M (+2.8%)	1.0%	$65.40	—	—	904767803
JPM	JPMORGAN CHASE & CO	12,245 (-3.2%)	$4.008M (+7.7%)	0.3%	$95.78	—	—	46625H100
MMM	3M CO	23,730 (-3.1%)	$3.842M (+8.0%)	0.3%	$94.02	—	—	88579Y101
AXP	AMERICAN EXPRESS CO	9,220 (-3.0%)	$3.119M (+8.4%)	0.2%	$72.01	—	—	025816109
DRI	DARDEN RESTAURANTS INC	49,472 (-2.7%)	$10.19M (+2.3%)	0.8%	$147.12	—	—	237194105
ROST	ROSS STORES INC	17,880 (-3.2%)	$3.806M (-4.9%)	0.3%	$98.54	—	—	778296103
BAC	BANK OF AMERICA CORP	18,210 (-3.1%)	$1.038M (+13.2%)	0.1%	$26.53	—	—	060505104
HD	HOME DEPOT INC	8,597 (-3.0%)	$3.032M (+4.0%)	0.2%	$256.01	—	—	437076102
DIS	WALT DISNEY CO/THE	26,340 (-3.2%)	$2.535M (-3.3%)	0.2%	$110.45	—	—	254687106
BN	BROOKFIELD CORP	649,449 (-5.1%)	$27.7M (+0.2%)	2.1%	$45.37	—	—	11271J107
BRK/B	BERKSHIRE HATHAWAY INC-CL B	9,931 (-3.1%)	$4.969M (+1.2%)	0.4%	$157.65	—	—	084670702
PCAR	PACCAR INC	53,310 (-3.2%)	$6.404M (+0.7%)	0.5%	$58.02	—	—	693718108
JNJ	JOHNSON & JOHNSON	25,880 (-3.2%)	$6.573M (+0.6%)	0.5%	$141.13	—	—	478160104

Unchanged Positions (3)

HAE HAEMONETICS CORP/MASS 0.2%

Value $2.304M Shares 30,720 Est. Cost $66.40 Unrealized —

XPEL XPEL INC 0.2%

Value $2.562M Shares 51,650 Est. Cost $39.15 Unrealized —

VNOM VIPER ENERGY INC-CL A 0.1%

Value $1.493M Shares 35,215 Est. Cost $38.58 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HAE	HAEMONETICS CORP/MASS	30,720	$2.304M	0.2%	$66.40	—	—	405024100
XPEL	XPEL INC	51,650	$2.562M	0.2%	$39.15	—	—	98379L100
VNOM	VIPER ENERGY INC-CL A	35,215	$1.493M	0.1%	$38.58	—	—	64361Q101