PineStone Asset Management Inc.

Montreal, A8 · CIK 1904893 · 13F filing filed 2026-07-13

SEC-registered investment adviser since 2021 · corporation

Assets managed$54.1bn
Staff46 · 13 in investment roles
Main clients (by assets)Private funds 65%, Pension plans 9%, Other advisers 8%
Private funds2 · $878.2m gross assets
Main officeMontreal, Quebec
Websitepinestoneam.com
Form ADV · 2026-03-30SEC adviser record

Legal entityPineStone Asset Management Inc. (CA)

Others nearbyMontréal

As an employer

Offices in1 country
Private fundsother private 2

$16.2bn reported value +13.8% vs Q1 2026

44positions

63.1%in top 10

4 new 8 added 32 reduced 4 sold out vs Q1 2026

Also in the report of:

Russell Investments Group, Ltd. – $524.9m of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	4,959,994	$2.4bn14.63%	14.63%	Reduced -328.5k	-328,485 -6.2%
2	ALPHABET INC CAP STK CL A GOOGL	GOOGL	4,607,821	$1.6bn10.17%	10.17%	Reduced -567.0k	-566,974 -11.0%
3	MOODYS CORP COM MCO	MCO	2,283,961	$1.0bn6.39%	6.39%	Reduced -65.8k	-65,823 -2.8%
4	MICROSOFT CORP COM MSFT	MSFT	2,586,687	$964.9m5.96%	5.96%	Reduced -279.5k	-279,496 -9.8%
5	MASTERCARD INCORPORATED CL A MA	MA	1,832,012	$940.9m5.81%	5.81%	Added +21.6k	+21,571 1.2%
6	AUTOZONE INC COM AZO	AZO	244,260	$780.6m4.82%	4.82%	Reduced -12.6k	-12,585 -4.9%
7	AMAZON COM INC COM AMZN	AMZN	2,778,800	$662.3m4.09%	4.09%	Added +1.3m	+1,265,600 83.6%
8	KLA CORP COM NEW KLAC	KLAC	2,169,700	$654.6m4.04%	4.04%	Added +1.1m	+1,099,300 102.7%
9	CME GROUP INC COM CME	CME	2,719,347	$600.5m3.71%	3.71%	Added +124.7k	+124,736 4.8%
10	TJX COS INC NEW COM TJX	TJX	3,754,345	$568.8m3.51%	3.51%	Reduced -154.0k	-153,965 -3.9%
11	SHERWIN WILLIAMS CO COM SHW	SHW	1,564,628	$538.7m3.33%	3.33%	Reduced -101.8k	-101,765 -6.1%
12	MSCI INC COM MSCI	MSCI	943,550	$528.4m3.26%	3.26%	Reduced -33.2k	-33,224 -3.4%
13	CARRIER GLOBAL CORPORATION COM CARR	CARR	6,333,408	$464.6m2.87%	2.87%	Reduced -239.5k	-239,502 -3.6%
14	JOHNSON & JOHNSON COM JNJ	JNJ	1,733,844	$440.3m2.72%	2.72%	Reduced -54.8k	-54,826 -3.1%
15	METTLER TOLEDO INTERNATIONAL COM MTD	MTD	326,120	$416.6m2.57%	2.57%	Added +3.3k	+3,336 1.0%
16	LINDE PLC SHS LIN	LIN	769,783	$399.5m2.47%	2.47%	New
17	ANALOG DEVICES INC COM ADI	ADI	883,993	$351.1m2.17%	2.17%	Added +59.5k	+59,479 7.2%
18	UNITEDHEALTH GROUP INC COM UNH	UNH	807,522	$335.6m2.07%	2.07%	Reduced -1.4k	-1,351 -0.2%
19	OTIS WORLDWIDE CORP COM OTIS	OTIS	4,290,454	$307.2m1.90%	1.90%	Reduced -203.4k	-203,428 -4.5%
20	PEPSICO INC COM PEP	PEP	2,182,458	$295.5m1.83%	1.83%	Reduced -202.7k	-202,669 -8.5%
21	S&P GLOBAL INC COM SPGI	SPGI	661,225	$269.3m1.66%	1.66%	Added +128.8k	+128,847 24.2%
22	AON PLC SHS CL A AON	AON	799,293	$265.1m1.64%	1.64%	New
23	CANADIAN NATL RY CO COM CNI	CNI	2,034,355	$242.6m1.50%	1.50%	New
24	GRACO INC COM GGG	GGG	3,185,789	$240.9m1.49%	1.49%	Reduced -439.8k	-439,751 -12.1%
25	COPART INC COM CPRT	CPRT	7,913,707	$223.1m1.38%	1.38%	Reduced -436.3k	-436,300 -5.2%
26	HILTON WORLDWIDE HLDGS INC COM HLT	HLT	660,714	$218.3m1.35%	1.35%	Reduced -76.0k	-76,020 -10.3%
27	LOWES COS INC COM LOW	LOW	770,942	$170.0m1.05%	1.05%	Reduced -95.1k	-95,128 -11.0%
28	COLGATE PALMOLIVE CO COM CL	CL	1,462,799	$134.1m0.83%	0.83%	Reduced -87.9k	-87,890 -5.7%
29	HDFC BANK LTD SPONSORED ADS HDB	HDB	4,379,846	$113.1m0.70%	0.70%	Added +597.5k	+597,462 15.8%
30	FEDERAL SIGNAL CORP COM FSS	FSS	15,986	$2.1m0.01%	0.01%	Reduced -7.2k	-7,200 -31.1%
31	JOHN BEAN TECHNOLOGIES CORP COM JBTM	JBTM	8,229	$1.2m0.01%	0.01%	Reduced -4.7k	-4,700 -36.4%
32	HOULIHAN LOKEY INC CL A HLI	HLI	8,794	$1.2m0.01%	0.01%	Reduced -4.5k	-4,500 -33.9%
33	HAYWARD HLDGS INC COM HAYW	HAYW	65,568	$1.1m0.01%	0.01%	Reduced -37.6k	-37,600 -36.5%
34	INTERPARFUMS INC COM IPAR	IPAR	9,701	$1.1m0.01%	0.01%	Reduced -4.0k	-4,000 -29.2%
35	MEDPACE HLDGS INC COM MEDP	MEDP	1,760	$932.1k0.01%	0.01%	Reduced -880	-880 -33.3%
36	HENRY JACK & ASSOC INC COM JKHY	JKHY	6,500	$895.3k0.01%	0.01%	Reduced -2.1k	-2,100 -24.4%
37	FLOOR & DECOR HLDGS INC CL A FND	FND	14,300	$848.8k0.01%	0.01%	Reduced -7.0k	-7,000 -32.9%
38	WD 40 CO COM WDFC	WDFC	3,439	$837.9k0.01%	0.01%	Reduced -1.8k	-1,800 -34.4%
39	DONALDSON INC COM DCI	DCI	8,328	$747.6k0.00%	0.00%	Reduced -5.9k	-5,900 -41.5%
40	EXPONENT INC COM EXPO	EXPO	11,794	$693.0k0.00%	0.00%	Reduced -5.2k	-5,200 -30.6%
41	STEVANATO GROUP S P A ORD SHS STVN	STVN	38,135	$689.1k0.00%	0.00%	New
42	TREX CO INC COM TREX	TREX	12,069	$603.9k0.00%	0.00%	Reduced -7.8k	-7,800 -39.3%
43	WYNDHAM HOTELS & RESORTS INC COM WH	WH	6,650	$560.0k0.00%	0.00%	Reduced -6.5k	-6,500 -49.4%
44	SIMPSON MFG INC COM SSD	SSD	2,010	$420.8k0.00%	0.00%	Reduced -1.5k	-1,500 -42.7%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
SUNBELT RENTALS HOLDINGS INC SUNB	SUNB	1,472,137	$95.8m1.5m shares
NIKE INC NKE	NKE	1,760,835	$93.0m1.8m shares
FACTSET RESH SYS INC FDS	FDS	387,784	$84.1m387.8k shares
POWER INTEGRATIONS INC POWI	POWI	8,500	$435.2k8.5k shares