SEC 13F Intelligence

Managers / Q2 2019 · view latest →

QV Investors Inc.

CIK 0001570253 · SUITE 1008, LIVINGSTON PLACE, STH TOWER, 222 - 3RD AVENUE SW, CALGARY, A0, T2P 0B4 · 403-265-7007

Reported Value
$3.1B
Q2 2019
Positions
59
includes revealed positions
Filings on Record
31
2019–present window
Filed
Jul 19, 2019
original filing

Summary

Qv Investors Inc. reported $3.1B in U.S.-listed holdings across 59 positions for Q2 2019.

Its largest position, ENB, represents 7.8% of the portfolio.

Compared with Q1 2019, the fund opened 18 new positions and exited 2.

Portfolio Metrics

Turnover
+9.5%
vs prior filed quarter
Top-10 Concentration
+57.1%
share of reported value
Largest Position
+7.8%
Enbridge
New / Exited
18 / 2
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $3.5BQ1 ’19Q2 ’19: $3.1BQ3 ’19: $3.3BQ4 ’19: $2.4BQ1 ’20: $1.2BQ1 ’20Q2 ’20: $1.5BQ3 ’20: $1.5BQ4 ’20: $1.5BQ1 ’21: $1.6BQ1 ’21Q2 ’21: $1.6BQ3 ’21: $1.3BQ4 ’21: $1.4BQ1 ’22: $1.4BQ1 ’22Q2 ’22: $1.1BQ3 ’22: $1.0BQ4 ’22: $1.0BQ1 ’23: $1.1BQ1 ’23Q2 ’23: $1.1BQ3 ’23: $964MQ4 ’23: $1.1BQ1 ’24: $1.2BQ1 ’24Q2 ’24: $1.1BQ3 ’24: $1.1BQ4 ’24: $970MQ1 ’25: $990MQ1 ’25Q2 ’25: $1.0BQ3 ’25: $1.2BQ4 ’25: $1.2BQ1 ’26: $1.2BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 95.2%Other: 4.3%NY Reg Shrs: 0.3%ADR: 0.1%
  • Common Stock · 95.2% · $3.0B
  • Other · 4.3% · $136M
  • NY Reg Shrs · 0.3% · $9M
  • ADR · 0.1% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TUTELUS CORPREVEALEDNEW+1.91M1.91M+$92M$92M
MGAMAGNA INTERNATIONAL INCREVEALEDNEW+598.5K598.5K+$39M$39M
LBRDKLIBERTY BROADBAND-CNEW+132.4K132.4K+$14M$14M
CVXCHEVRON CORPNEW+89.1K89.1K+$11M$11M
MMM3M CONEW+52.8K52.8K+$9M$9M
VZVERIZON COMMUNICATIONS INCNEW+153.9K153.9K+$9M$9M
UNILEVER N V -NY SHARESNEW+142.9K142.9K+$9M$9M
ADTADT INCNEW+1.13M1.13M+$7M$7M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2019REVEALED

59 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ENBENBRIDGE INCREVEALEDhistory →COM7.80%$245M5.17M
2OTEXOPEN TEXT CORPREVEALEDhistory →COM6.93%$217M4.02M
3CMCAN IMPERIAL BK OF COMMERCEREVEALEDhistory →COM6.21%$195M1.89M
4SUSUNCOR ENERGY INCREVEALEDhistory →COM6.20%$194M4.76M
5BNSBANK OF NOVA SCOTIAREVEALEDhistory →COM6.20%$194M2.76M
6CNQCANADIAN NATURAL RESOURCESREVEALEDhistory →COM5.91%$185M5.25M
7GIBCGI INCREVEALEDhistory →COM4.54%$142M1.41M
8CNICANADIAN NATL RAILWAY COREVEALEDhistory →COM4.53%$142M1.17M
9STNSTANTEC INCREVEALEDhistory →COM4.42%$139M4.41M
10CANADIAN PACIFIC RAILWAY LTDREVEALEDCOM4.33%$136M440.6K
11TDTORONTO-DOMINION BANKREVEALEDhistory →COM4.27%$134M1.75M
12TAT&T INChistory →COM4.08%$128M3.81M
13FTSFORTIS INCREVEALEDhistory →COM3.98%$125M2.41M
14CVECENOVUS ENERGY INCREVEALEDhistory →COM3.15%$99M8.56M
15TUTELUS CORPREVEALEDhistory →COM2.94%$92M1.91M
16NTRNUTRIEN LTDREVEALEDhistory →COM2.80%$88M1.25M
17AQNALGONQUIN POWER & UTILITIESREVEALEDhistory →COM1.36%$43M2.69M
18WBAWALGREENS BOOTS ALLIANCE INChistory →COM1.35%$42M772.2K
19BRK/BBERKSHIRE HATHAWAY INC-CL Bhistory →CL B1.31%$41M192.7K
20WFCWELLS FARGO & COhistory →COM1.27%$40M840.4K
21MGAMAGNA INTERNATIONAL INCREVEALEDhistory →COM1.24%$39M598.5K
22EXMOCEXXON MOBIL CORPhistory →COM1.11%$35M453.8K
23WINAWINMARK CORPhistory →COM0.93%$29M169.0K
24MSMMSC INDUSTRIAL DIRECT CO-Ahistory →COM0.93%$29M392.2K
25TAPMOLSON COORS BREWING CO -Bhistory →CL B0.87%$27M488.8K
26CCITIGROUP INChistory →COM0.87%$27M389.0K
27AFLAFLAC INChistory →COM0.80%$25M459.6K
28INTCINTEL CORPhistory →COM0.77%$24M505.7K
29JNJJOHNSON & JOHNSONhistory →COM0.75%$23M168.4K
30PEPPEPSICO INChistory →COM0.67%$21M159.3K
31AXPAMERICAN EXPRESS COhistory →COM0.59%$19M150.3K
32JPMJPMORGAN CHASE & COhistory →COM0.56%$18M158.1K
33MMACY'S INChistory →COM0.56%$18M821.9K
34LBRDKLIBERTY BROADBAND-Chistory →COM0.44%$14M132.4K
35MSFTMICROSOFT CORPhistory →COM0.39%$12M91.0K
36APACHE CORPCOM0.38%$12M413.0K
37CVXCHEVRON CORPhistory →COM0.35%$11M89.1K
38AZOAUTOZONE INChistory →COM0.32%$10M9.2K
39MMM3M COCOM0.29%$9M52.8K
40VZVERIZON COMMUNICATIONS INCCOM0.28%$9M153.9K
41UNILEVER N V -NY SHARESCOM0.28%$9M142.9K
42VMIVALMONT INDUSTRIESCOM0.27%$8M66.5K
43CASYCASEY'S GENERAL STORES INCCOM0.25%$8M50.2K
44WSMWILLIAMS-SONOMA INCCOM0.24%$8M115.6K
45ADTADT INCCOM0.22%$7M1.13M
46MRKMERCK & CO. INC.COM0.22%$7M81.0K
47CHRWC.H. ROBINSON WORLDWIDE INCCOM0.21%$7M79.1K
48IMAXIMAX CORPCOM0.21%$7M330.0K
49YUSDALLEGHANY CORPCOM0.20%$6M9.0K
50DNOWNOW INCCOM0.17%$5M371.0K
51NATIONAL OILWELL VARCO INCCOM0.15%$5M216.6K
52OZKBANK OZKCOM0.15%$5M158.7K
53ORCLORACLE CORPCOM0.15%$5M82.2K
54CMICUMMINS INCCOM0.15%$5M27.0K
55MCKMCKESSON CORPCOM0.14%$4M32.9K
56NVONOVO-NORDISK A/S-SPONS ADRCOM0.14%$4M86.3K
57HRLHORMEL FOODS CORPCOM0.14%$4M106.5K
58PBAPEMBINA PIPELINE CORPREVEALEDCOM0.00%$73,0001.5K
59TRPTC ENERGY CORPREVEALEDCOM0.00%$42,000650

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.2B65Apr 23, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.2B64Jan 20, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.2B63Oct 30, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.0B63Jul 31, 202513F-HRchanges · EDGAR ↗
Q1 2025$990M65Apr 9, 202513F-HRchanges · EDGAR ↗
Q4 2024$970M63Jan 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.1B65Oct 15, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.1B64Jul 16, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.2B65Apr 22, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.1B66Jan 24, 202413F-HRchanges · EDGAR ↗
Q3 2023$964M65Oct 23, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.1B69Jul 25, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.1B66May 2, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.0B69Jan 23, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.0B69Oct 18, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.1B72Jul 19, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.4B76Apr 20, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.4B73Jan 18, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.3B74Oct 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.6B76Jul 19, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.6B67Apr 16, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.5B75Jan 27, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.5B78Oct 14, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.5B84Jul 16, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.2B60Apr 24, 202013F-HRchanges · EDGAR ↗
Q4 2019$2.4B65Jan 30, 202013F-HRchanges · EDGAR ↗
Q3 2019$3.3B63Oct 28, 201913F-HRchanges · EDGAR ↗
Q2 2019REVEALED$3.1B59Jul 19, 201913F-HRchanges · EDGAR ↗
Q1 2019REVEALED$3.5B43Apr 24, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.