SEC 13F Intelligence

Managers / Q4 2022 · 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
$1.0B
Q4 2022
Positions
69
Filings on Record
31
2019–present window
Filed
Jan 23, 2023
original filing

Summary

Qv Investors Inc. reported $1.0B in U.S.-listed holdings across 69 positions for Q4 2022.

Its largest position, GIB, represents 6.7% of the portfolio.

Compared with Q3 2022, the fund opened 5 new positions and exited 5.

Portfolio Metrics

Turnover
+11.0%
vs prior filed quarter
Top-10 Concentration
+43.6%
share of reported value
Largest Position
+6.7%
Cgi
New / Exited
5 / 5
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: 94.4%Other: 4.4%ADR: 1.2%
  • Common Stock · 94.4% · $986M
  • Other · 4.4% · $46M
  • ADR · 1.2% · $12M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BAMBROOKFIELD ASSET MGMT-ANEW+281.6K281.6K+$8M$8M
MUMICRON TECHNOLOGY INCNEW+155.9K155.9K+$8M$8M
NFLXNETFLIX INCNEW+16.0K16.0K+$5M$5M
SITIO ROYALTIES CORP-ANEW+40.2K40.2K+$1M$1M
NV5 GLOBAL INCNEW+2.6K2.6K+$347,000$347,000
BROOKFIELD ASSET MANAGE-CL ASOLD OUT−994.2K0−$41M$0
BNSBANK OF NOVA SCOTIASOLD OUT−601.9K0−$29M$0
FNVFRANCO-NEVADA CORPSOLD OUT−14.2K0−$2M$0

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

Holdings — Q4 2022

69 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GIBCGI INChistory →COM6.75%$70M818.2K
2RYROYAL BANK OF CANADAhistory →COM5.67%$59M630.5K
3SLFSUN LIFE FINANCIAL INChistory →COM5.32%$56M1.20M
4CNQCANADIAN NATURAL RESOURCEShistory →COM4.45%$46M837.4K
5ENBENBRIDGE INChistory →COM4.16%$43M1.11M
6SUSUNCOR ENERGY INChistory →COM3.92%$41M1.29M
7CNICANADIAN NATL RAILWAY COhistory →COM3.53%$37M310.1K
8FTSFORTIS INChistory →COM3.47%$36M905.1K
9TFI INTERNATIONAL INCCOM3.29%$34M342.9K
10TDTORONTO-DOMINION BANKhistory →COM3.08%$32M496.4K
11CANADIAN PACIFIC RAILWAY LTDCOM2.90%$30M405.8K
12TIXTTELUS INTERNATIONAL CDA INChistory →COM2.75%$29M1.46M
13MGAMAGNA INTERNATIONAL INChistory →COM2.64%$28M491.4K
14WINAWINMARK CORPhistory →COM2.14%$22M94.6K
15AEMAGNICO EAGLE MINES LTDhistory →COM2.10%$22M423.1K
16STNSTANTEC INChistory →COM2.03%$21M441.7K
17SBUXSTARBUCKS CORPhistory →COM1.95%$20M205.0K
18TECKTECK RESOURCES LTD-CLS Bhistory →COM1.94%$20M535.6K
19GOOGLALPHABET INC-CL Ahistory →COM1.78%$19M210.1K
20VZVERIZON COMMUNICATIONS INChistory →COM1.74%$18M460.1K
21TRPTC ENERGY CORPhistory →COM1.64%$17M429.9K
22NATIONAL RESEARCH CORPCOM1.61%$17M449.9K
23NTRNUTRIEN LTDhistory →COM1.56%$16M222.8K
24ROSTROSS STORES INChistory →COM1.52%$16M136.7K
25JNJJOHNSON & JOHNSONhistory →COM1.51%$16M89.2K
26UNILEVER PLC-SPONSORED ADRCOM1.50%$16M311.5K
27UNHUNITEDHEALTH GROUP INChistory →COM1.34%$14M26.4K
28CNCCENTENE CORPhistory →COM1.25%$13M158.7K
29LIILENNOX INTERNATIONAL INChistory →COM1.17%$12M50.9K
30BACBANK OF AMERICA CORPhistory →COM1.12%$12M352.2K
31MMM3M COhistory →COM1.07%$11M93.4K
32SAMBOSTON BEER COMPANY INC-Ahistory →COM0.98%$10M31.2K
33EOGEOG RESOURCES INChistory →COM0.98%$10M78.7K
34WFCWELLS FARGO & COhistory →COM0.96%$10M242.3K
35THOTHOR INDUSTRIES INCCOM0.81%$8M112.3K
36AZOAUTOZONE INCCOM0.79%$8M3.3K
37MCKMCKESSON CORPCOM0.78%$8M21.8K
38BAMBROOKFIELD ASSET MGMT-ACOM0.77%$8M281.6K
39AFLAFLAC INCCOM0.75%$8M109.2K
40NVONOVO-NORDISK A/S-SPONS ADRCOM0.75%$8M57.7K
41MUMICRON TECHNOLOGY INCCOM0.75%$8M155.9K
42DRIDARDEN RESTAURANTS INCCOM0.74%$8M56.2K
43UNPUNION PACIFIC CORPCOM0.74%$8M37.2K
44OZKBANK OZKCOM0.73%$8M190.3K
45DISWALT DISNEY CO/THECOM0.71%$7M84.9K
46ORCLORACLE CORPCOM0.70%$7M89.2K
47PCARPACCAR INCCOM0.67%$7M70.6K
48JPMJPMORGAN CHASE & COCOM0.65%$7M50.5K
49HRLHORMEL FOODS CORPCOM0.60%$6M137.0K
50CMICUMMINS INCCOM0.54%$6M23.1K
51PEPPEPSICO INCCOM0.53%$6M30.9K
52EXMOCEXXON MOBIL CORPCOM0.52%$5M48.8K
53MRKMERCK & CO. INC.COM0.51%$5M48.3K
54CVXCHEVRON CORPCOM0.46%$5M26.9K
55NFLXNETFLIX INCCOM0.45%$5M16.0K
56BABAALIBABA GROUP HOLDING-SP ADRCOM0.42%$4M49.2K
57HDHOME DEPOT INCCOM0.38%$4M12.4K
58BRK/BBERKSHIRE HATHAWAY INC-CL BCL B0.37%$4M12.6K
59CHRWC.H. ROBINSON WORLDWIDE INCCOM0.35%$4M40.3K
60AXPAMERICAN EXPRESS COCOM0.19%$2M13.4K
61SYKSTRYKER CORPCOM0.18%$2M7.8K
62SITIO ROYALTIES CORP-ACOM0.11%$1M40.2K
63AQNALGONQUIN POWER & UTILITIESCOM0.08%$876,000134.6K
64CWCURTISS-WRIGHT CORPCOM0.07%$766,0004.6K
65AYIACUITY BRANDS INCCOM0.04%$439,0002.7K
66BCEBCE INCCOM0.04%$374,0008.5K
67NV5 GLOBAL INCCOM0.03%$347,0002.6K
68MEIMETHODE ELECTRONICS INCCOM0.03%$262,0005.9K
69TUTELUS CORPCOM0.00%$5,000247

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 ↗.