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QV

Jun 2026 · 3 funds

Our archive holds 3 letters from QV, behind 5 investment theses and positions in 6 companies. Every quote below is copied verbatim from the letter it came from.

Writes about

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QV’s own letters page
3
Letters
6
Companies
6
Moves
5
Theses

3 strategies

QV publishes a letter per strategy. Each one has its own page — what it holds, what it bought, what it wrote.

What they bought and sold · 6 moves

  • New positionMicrosoft
    June 2026
    “the QV Global Equity Strategy re-initiated Microsoft near the lowest valuation it has traded at in a decade.”
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  • AddedStantec
    June 2026
    “During the quarter, our equity teams added to multiple existing holdings where valuations had compressed, such as Intact Financial in the QV Canadian Equity Strategy, Stella-Jones and Stantec in the QV Canadian Small Cap Strategy and Netflix in the QV Global Equity Strategy.”
    Read the letter
  • AddedIntact Financial
    June 2026
    “During the quarter, our equity teams added to multiple existing holdings where valuations had compressed, such as Intact Financial in the QV Canadian Equity Strategy, Stella-Jones and Stantec in the QV Canadian Small Cap Strategy and Netflix in the QV Global Equity Strategy.”
    Read the letter
  • AddedNetflix
    June 2026
    “During the quarter, our equity teams added to multiple existing holdings where valuations had compressed, such as Intact Financial in the QV Canadian Equity Strategy, Stella-Jones and Stantec in the QV Canadian Small Cap Strategy and Netflix in the QV Global Equity Strategy.”
    Read the letter
  • AddedStella-Jones
    June 2026
    “During the quarter, our equity teams added to multiple existing holdings where valuations had compressed, such as Intact Financial in the QV Canadian Equity Strategy, Stella-Jones and Stantec in the QV Canadian Small Cap Strategy and Netflix in the QV Global Equity Strategy.”
    Read the letter
  • AddedConstellation Software
    June 2026
    “The QV Canadian Equity Strategy has built its position in Constellation Software this year as valuations were pressured,”
    Read the letter

Companies held · 6

Every company QV has disclosed a position in across our archive, with the letter that last mentioned it.

Theses · 5

  • Microsoft
    June 2026

    Microsoft is seen as attractively valued and well positioned through its leading AI infrastructure role and dominant software ecosystem.

    Read the full thesis
  • Constellation Software
    June 2026

    Constellation Software is viewed as insulated from AI disruption and supported by a long runway of value-accretive tuck-in acquisitions.

    Read the full thesis
  • Constellation Software
    June 2026

    Constellation Software is seen as insulated from AI disruption thanks to mission-critical niche software and a tuck-in acquisition strategy that can compound earnings for years.

    Read the full thesis
  • Microsoft
    June 2026

    Microsoft is viewed as attractively valued and well positioned in AI infrastructure, which should reinforce its dominant software ecosystem.

    Read the full thesis
  • QV Investors
    June 2026

    QV Investors is an employee-owned asset manager focused on quality-and-value investing, downside protection, and long-term compounded growth.

    Read the full thesis

Letter archive · 3

2026

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