PineStone Asset Management
Montreal, A8files as PineStone Asset Management Inc.
$16.2bn in 44 US stocks at the end of 30 June 2026. The top 10 are 63.1% of the money. It changed about 13.7% of the portfolio this quarter.
Value
$16.2bn
Stocks
44
Top 10 share
63.1%
Turnover
13.7%
What changed this quarter
New
Bought for the first time this quarter.
- LindeLIN2.5% of the fund
- AonAON1.6% of the fund
- Canadian National RailwayCNI1.5% of the fund
- Stevanato Group S.p.A.STVN<0.1% of the fund
Added
Bought more of a stock they already held.
- Amazon.comAMZN4.1% of the fund+84%
- KLAKLAC4.0% of the fund+103%
- CME GroupCME3.7% of the fund+5%
- Analog DevicesADI2.2% of the fund+7%
- S&P GlobalSPGI1.7% of the fund+24%
- HDFC BankHDB0.7% of the fund+16%
Cut
Sold some of their stake.
- Taiwan Semiconductor ManufacturingTSM14.6% of the fund-6%
- AlphabetGOOGL10.2% of the fund-11%
- Moody'sMCO6.4% of the fund-3%
- MicrosoftMSFT6.0% of the fund-10%
- AutozoneAZO4.8% of the fund-5%
- TJX CompaniesTJX3.5% of the fund-4%
- Sherwin-WilliamsSHW3.3% of the fund-6%
- MsciMSCI3.3% of the fund-3%
- Carrier GlobalCARR2.9% of the fund-4%
- Johnson & JohnsonJNJ2.7% of the fund-3%
- Otis WorldwideOTIS1.9% of the fund-5%
- PepsiCoPEP1.8% of the fund-9%
- GracoGGG1.5% of the fund-12%
- CopartCPRT1.4% of the fund-5%
- Hilton Worldwide HoldingsHLT1.3% of the fund-10%
- Lowe's CompaniesLOW1.0% of the fund-11%
- Colgate-PalmoliveCL0.8% of the fund-6%
- Federal SignalFSS<0.1% of the fund-31%
- JBT MarelJBTM<0.1% of the fund-36%
- Houlihan LokeyHLI<0.1% of the fund-34%
- Hayward HoldingsHAYW<0.1% of the fund-36%
- InterparfumsIPAR<0.1% of the fund-29%
- Medpace HoldingsMEDP<0.1% of the fund-33%
- Jack Henry & AssociatesJKHY<0.1% of the fund-24%
- Floor & Decor HoldingsFND<0.1% of the fund-33%
Sold out
Sold their entire stake.
Holdings
- Canadian National RailwayCNI
- Share
- 1.5%
- Value
- $243m
- Shares
- 2,034,355
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Taiwan Semiconductor ManufacturingTSM | 14.6% | $2.4bn | 4,959,994 | -6% |
| AlphabetGOOGL | 10.2% | $1.6bn | 4,607,821 | -11% |
| Moody'sMCO | 6.4% | $1.0bn | 2,283,961 | -3% |
| MicrosoftMSFT | 6.0% | $965m | 2,586,687 | -10% |
| MastercardMA | 5.8% | $941m | 1,832,012 | Held |
| AutozoneAZO | 4.8% | $781m | 244,260 | -5% |
| Amazon.comAMZN | 4.1% | $662m | 2,778,800 | +84% |
| KLAKLAC | 4.0% | $655m | 2,169,700 | +103% |
| CME GroupCME | 3.7% | $601m | 2,719,347 | +5% |
| TJX CompaniesTJX | 3.5% | $569m | 3,754,345 | -4% |
| Sherwin-WilliamsSHW | 3.3% | $539m | 1,564,628 | -6% |
| MsciMSCI | 3.3% | $528m | 943,550 | -3% |
| Carrier GlobalCARR | 2.9% | $465m | 6,333,408 | -4% |
| Johnson & JohnsonJNJ | 2.7% | $440m | 1,733,844 | -3% |
| Mettler Toledo InternationalMTD | 2.6% | $417m | 326,120 | Held |
| LindeLIN | 2.5% | $399m | 769,783 | New |
| Analog DevicesADI | 2.2% | $351m | 883,993 | +7% |
| UnitedHealth GroupUNH | 2.1% | $336m | 807,522 | Held |
| Otis WorldwideOTIS | 1.9% | $307m | 4,290,454 | -5% |
| PepsiCoPEP | 1.8% | $296m | 2,182,458 | -9% |
| S&P GlobalSPGI | 1.7% | $269m | 661,225 | +24% |
| AonAON | 1.6% | $265m | 799,293 | New |
| Canadian National RailwayCNI | 1.5% | $243m | 2,034,355 | New |
| GracoGGG | 1.5% | $241m | 3,185,789 | -12% |
| CopartCPRT | 1.4% | $223m | 7,913,707 | -5% |
| Hilton Worldwide HoldingsHLT | 1.3% | $218m | 660,714 | -10% |
| Lowe's CompaniesLOW | 1.0% | $170m | 770,942 | -11% |
| Colgate-PalmoliveCL | 0.8% | $134m | 1,462,799 | -6% |
| HDFC BankHDB | 0.7% | $113m | 4,379,846 | +16% |
| Federal SignalFSS | <0.1% | $2m | 15,986 | -31% |
| JBT MarelJBTM | <0.1% | $1m | 8,229 | -36% |
| Houlihan LokeyHLI | <0.1% | $1m | 8,794 | -34% |
| Hayward HoldingsHAYW | <0.1% | $1m | 65,568 | -36% |
| InterparfumsIPAR | <0.1% | $1m | 9,701 | -29% |
| Medpace HoldingsMEDP | <0.1% | $932,078 | 1,760 | -33% |
| Jack Henry & AssociatesJKHY | <0.1% | $895,310 | 6,500 | -24% |
| Floor & Decor HoldingsFND | <0.1% | $848,848 | 14,300 | -33% |
| WD 40WDFC | <0.1% | $837,878 | 3,439 | -34% |
| DonaldsonDCI | <0.1% | $747,605 | 8,328 | -41% |
| ExponentEXPO | <0.1% | $693,015 | 11,794 | -31% |
| Stevanato Group S.p.A.STVN | <0.1% | $689,099 | 38,135 | New |
| TrexTREX | <0.1% | $603,933 | 12,069 | -39% |
| Wyndham Hotels & ResortsWH | <0.1% | $559,997 | 6,650 | -49% |
| Simpson ManufacturingSSD | <0.1% | $420,794 | 2,010 | -43% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 4.8% since 30 June 2025.
Where the money is
Technology26.8%
Financial services23.2%
Retail & consumer14.8%
Media & telecom10.2%
Industrials9.2%
Health care7.4%
Materials5.8%
Everyday goods2.7%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.