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Livermore
Livermore
ZHEN

Value Partners Investments Inc.

SEC CIK
0001800916
Latest filing
Jul 15, 2026

The latest 13F from Value Partners Investments Inc. covers Q2 2026 (filed Jul 15, 2026): 104 long positions worth $1.43B. The top 10 holdings make up 48.5% of the portfolio, and the largest is Microsoft Corp (MSFT) at 6.4%. Livermore has 27 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
7
Est. +$13.8M
Added
51
Est. +$178.8M
Reduced
39
Est. −$130.8M
Sold out
8
Est. −$49.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. MSFTMicrosoft Corp
    6.4%$92.3MHistory
  2. CNICanadian National Railway Co
    5.1%$72.4MHistory
  3. SLFSun Life Financial Inc
    5.0%$72.2MHistory
  4. CRMSalesforce, Inc.
    4.8%$69.2MHistory
  5. HDHome Depot, Inc.
    4.7%$67.7MHistory

Share of portfolio

Top 5 holdings and the other 99 positions, by share of portfolio value

  1. MSFT6.4%
  2. CNI5.1%
  3. SLF5.0%
  4. CRM4.8%
  5. HD4.7%
  6. Other 99 positions73.9%

Biggest buys

New and added positions, by estimated amount bought

  1. HDHome Depot, Inc.
    +$34.9MAddedHistory
  2. MAMastercard Inc
    +$32.0MAddedHistory
  3. VVisa Inc.
    +$27.4MAddedHistory
  4. ADPAutomatic Data Processing Inc
    +$25.8MAddedHistory
  5. MSFTMicrosoft Corp
    +$20.8MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. HDHome Depot, Inc.
    +2.39 pp2.3% → 4.7%History
  2. MAMastercard Inc
    +2.08 pp2.4% → 4.5%History
  3. VVisa Inc.
    +2.01 pp2.6% → 4.6%History
  4. ADPAutomatic Data Processing Inc
    +1.82 pp2.8% → 4.6%History
  5. MSFTMicrosoft Corp
    +1.02 pp5.4% → 6.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. CVSCVS Health Corp
    −$38.8MSold outHistory
  2. BMOBank of Montreal
    −$35.4MReducedHistory
  3. RYRoyal Bank of Canada
    −$19.8MReducedHistory
  4. SLFSun Life Financial Inc
    −$16.1MReducedHistory
  5. CMCanadian Imperial Bank of Commerce
    −$15.8MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. CVSCVS Health Corp
    −2.96 pp3.0% → 0.0%History
  2. BMOBank of Montreal
    −1.59 pp4.5% → 3.0%History
  3. RCIRogers Communications Inc
    −1.08 pp4.8% → 3.7%History
  4. RYRoyal Bank of Canada
    −0.69 pp4.0% → 3.3%History
  5. CMCanadian Imperial Bank of Commerce
    −0.61 pp4.4% → 3.8%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.43B
+$121.4M (+9.3%) vs. prior quarter
Positions
104
−1 vs. prior quarter
Top 10 concentration
48.5%
Top 10 as share of value
Turnover
13.2%
Q2 2026, one quarter
Average holding period
15.3 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.43B (Q2 2026)

Q1 2021: $1.15BQ2 2021: $1.23BQ3 2021: $1.18BQ4 2021: $1.23BQ1 2022: $1.18BQ2 2022: $1.09BQ3 2022: $1.00BQ4 2022: $1.15BQ1 2023: $1.22BQ2 2023: $1.24BQ3 2023: $1.21BQ4 2023: $1.25BQ1 2024: $1.22BQ2 2024: $1.15BQ3 2024: $1.24BQ4 2024: $177.2MQ1 2025: $1.16BQ2 2025: $1.28BQ3 2025: $1.23BQ4 2025: $1.30BQ1 2026: $1.31BQ2 2026: $1.43B
Q1 2021Q2 2026
13F filings of Value Partners Investments Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 15, 2026104$1.43BMSFTCNISLFvs. Q1 2026SEC
Q1 2026Apr 21, 2026105$1.31BCRMMSFTSLFvs. Q4 2025SEC
Q4 2025Jan 8, 2026100$1.30BGOOGLBNSCMvs. Q3 2025SEC
Q3 2025Oct 15, 2025101$1.23BOTEXRCIGOOGLvs. Q2 2025SEC
Q2 2025Jul 7, 2025101$1.28BGOOGLOTEXSLFvs. Q1 2025SEC
Q1 2025Apr 23, 2025100$1.16BCVSGOOGLSLFvs. Q4 2024SEC
Q4 2024Feb 21, 2025Amended77$177.2MGOOGLTDCSCOvs. Q3 2024SEC
Q3 2024Feb 21, 2025Amended89$1.24BCSCOUPSOTEXvs. Q2 2024SEC
Q2 2024Feb 21, 2025Amended86$1.15BCSCOSLFCVSvs. Q1 2024SEC
Q1 2024Feb 21, 2025Amended82$1.22BCSCOCVSOTEXvs. Q4 2023SEC
Q4 2023May 2, 2024Amended77$1.25BOTEXCMCSCOvs. Q3 2023SEC
Q3 2023Oct 26, 202373$1.21BCSCOATVITDvs. Q2 2023SEC
Q2 2023Jul 20, 202369$1.24BCSCOSLFOTEXvs. Q1 2023SEC
Q1 2023May 1, 202370$1.22BORCLCSCOFDXvs. Q4 2022SEC
Q4 2022Jan 9, 202366$1.15BORCLCSCOFDXvs. Q3 2022SEC
Q3 2022Oct 21, 202266$1.00BORCLFDXTDvs. Q2 2022SEC
Q2 2022Jul 19, 202265$1.09BFDXORCLCVSvs. Q1 2022SEC
Q1 2022Apr 14, 202262$1.18BORCLTDCVSvs. Q4 2021SEC
Q4 2021Jan 12, 202275$1.23BCVSCSCOSLFvs. Q3 2021SEC
Q3 2021Oct 29, 202177$1.18BSLFRYCMvs. Q2 2021SEC
Q2 2021Jul 30, 202170$1.23BTDCMRYvs. Q1 2021SEC
Q1 2021Apr 30, 202169$1.15BBNSTDSLF–SEC