QV Investors Inc. Buys Royal Bank of Canada, The Toronto-Dominion Bank, Canadian Pacific Railway, Sells Enbridge Inc, AT&T Inc, Open Text Corp

• New Purchases: RY, CP, TD, GIB, CNQ, TRP, CM, NTR, TECK, GOOGL, AQN, CVE, ATSG, GEO, LKQ, WPM, NOA, EMN, KEY, GDXJ, TFC, VMD, IWM, SPY, OTRK, PBA,
• Added Positions: BAM, SLF, EOG, BAC, AFL, AXP, OZK, UNP, AZO, HD, JPM, CTSH, CNC, MMM, ROST,
• Reduced Positions: ENB, OTEX, BNS, SU, CNI, FTS, STN, MGA, TU, XOM, WBA, RCI, NVO, MSFT, JNJ, UNH, L, THO, CTXS, INTC, SYK, WINA, VZ, WSM, BRK.B, PEP, MSM, BKNG, MCK, DIS, PCAR, ORCL, UN, MRK, M, CMI, CVX, CHRW, SBUX,
• Sold Out: T, C,

For the details of QV Investors Inc.'s stock buys and sells, go to https://www.gurufocus.com/guru/qv+investors+inc./current-portfolio/portfolio

1. Stantec Inc (STN) - 2,641,102 shares, 5.45% of the total portfolio. Shares reduced by 23.42%
2. Royal Bank of Canada (RY) - 1,048,725 shares, 4.76% of the total portfolio. New Position
3. Open Text Corp (OTEX) - 1,521,446 shares, 4.32% of the total portfolio. Shares reduced by 39.5%
4. Enbridge Inc (ENB) - 2,038,262 shares, 4.14% of the total portfolio. Shares reduced by 40.03%
5. The Toronto-Dominion Bank (TD) - 1,376,213 shares, 4.11% of the total portfolio. New Position

QV Investors Inc. initiated holding in Royal Bank of Canada. The purchase prices were between $57.97 and $71.92, with an estimated average price of $63.49. The stock is now traded at around $70.62. The impact to a portfolio due to this purchase was 4.76%. The holding were 1,048,725 shares as of .

QV Investors Inc. initiated holding in Canadian Pacific Railway Ltd. The purchase prices were between $209.4 and $265.76, with an estimated average price of $236.78. The stock is now traded at around $265.55. The impact to a portfolio due to this purchase was 4.11%. The holding were 241,644 shares as of .

QV Investors Inc. initiated holding in The Toronto-Dominion Bank. The purchase prices were between $38.47 and $49.17, with an estimated average price of $42.53. The stock is now traded at around $45.51. The impact to a portfolio due to this purchase was 4.11%. The holding were 1,376,213 shares as of .

QV Investors Inc. initiated holding in CGI Inc. The purchase prices were between $53.34 and $69.3, with an estimated average price of $62.17. The stock is now traded at around $65.73. The impact to a portfolio due to this purchase was 3.61%. The holding were 856,421 shares as of .

QV Investors Inc. initiated holding in Canadian Natural Resources Ltd. The purchase prices were between $11.93 and $21.91, with an estimated average price of $16.43. The stock is now traded at around $17.73. The impact to a portfolio due to this purchase was 3.22%. The holding were 2,779,141 shares as of .

QV Investors Inc. initiated holding in TC Energy Corp. The purchase prices were between $40.81 and $48.6, with an estimated average price of $44.86. The stock is now traded at around $44.77. The impact to a portfolio due to this purchase was 2.96%. The holding were 1,036,635 shares as of .

QV Investors Inc. added to a holding in Brookfield Asset Management Inc by 52.97%. The purchase prices were between $27.75 and $37.71, with an estimated average price of $32.78. The stock is now traded at around $34.39. The impact to a portfolio due to this purchase was 0.88%. The holding were 1,155,390 shares as of .

QV Investors Inc. added to a holding in Sun Life Financial Inc by 27.72%. The purchase prices were between $30 and $39.26, with an estimated average price of $34.33. The stock is now traded at around $38.43. The impact to a portfolio due to this purchase was 0.49%. The holding were 917,726 shares as of .

QV Investors Inc. added to a holding in EOG Resources Inc by 102.46%. The purchase prices were between $34.6 and $62.11, with an estimated average price of $48.28. The stock is now traded at around $47.83. The impact to a portfolio due to this purchase was 0.43%. The holding were 251,210 shares as of .

QV Investors Inc. added to a holding in Bank of America Corp by 37.07%. The purchase prices were between $19.77 and $28.54, with an estimated average price of $23.6. The stock is now traded at around $24.00. The impact to a portfolio due to this purchase was 0.38%. The holding were 872,175 shares as of .

QV Investors Inc. added to a holding in Aflac Inc by 27.57%. The purchase prices were between $31.83 and $42.1, with an estimated average price of $36.11. The stock is now traded at around $36.47. The impact to a portfolio due to this purchase was 0.31%. The holding were 600,020 shares as of .

QV Investors Inc. added to a holding in American Express Co by 26.29%. The purchase prices were between $73.6 and $113.67, with an estimated average price of $91.97. The stock is now traded at around $96.37. The impact to a portfolio due to this purchase was 0.24%. The holding were 179,104 shares as of .

QV Investors Inc. sold out a holding in AT&T Inc. The sale prices were between $27.46 and $33.23, with an estimated average price of $30.14.

QV Investors Inc. sold out a holding in Citigroup Inc. The sale prices were between $37.49 and $61.24, with an estimated average price of $47.31.