Value Partners Investments Inc.

The portfolio demonstrates a high degree of diversification, holding 100 positions. However, the construction is relatively concentrated at the top; the top ten holdings account for approximately 52% of the total portfolio value. The firm executed a massive turnover this quarter, characterized by aggressive portfolio restructuring. The activity summary reveals 30 new positions and 24 exited positions, indicating a substantial shift in strategy rather than mere portfolio rebalancing. This level of turnover (54 positions changed out of 100) signifies a pivot in the firm’s investment thesis or market outlook.

2. Key Holdings