13F HOLDINGS REPORT
MONTRUSCO BOLTON INVESTMENTS INC.
Quarter ended Q2 2025 · Filed July 25, 2025 · Accession 0001085146-25-004174
Total Value
$9.01B
Positions
75
Other Managers
0
Confidential Omitted
No
Holdings (75)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 1,723,378 | $837.1M | 9.29% |
| 2 | NVIDIA CORPORATION | NVDA | 4,760,297 | $735.8M | 8.16% |
| 3 | AMAZON COM INC | AMZN | 2,674,663 | $573.6M | 6.36% |
| 4 | META PLATFORMS INC | META | 687,611 | $492.2M | 5.46% |
| 5 | JPMORGAN CHASE & CO. | VYLD | 1,715,064 | $485.8M | 5.39% |
| 6 | ALPHABET INC | GOOG | 2,609,606 | $450.5M | 5.00% |
| 7 | WASTE CONNECTIONS INC | WCN | 2,306,702 | $419.5M | 4.65% |
| 8 | BLACKROCK INC | BLK | 353,587 | $363.6M | 4.03% |
| 9 | DANAHER CORPORATION | 235851102 | 1,789,225 | $345.8M | 3.84% |
| 10 | ROLLINS INC | ROL | 5,113,393 | $279.9M | 3.11% |
| 11 | CHIPOTLE MEXICAN GRILL INC | CMG | 5,116,087 | $279.3M | 3.10% |
| 12 | UBER TECHNOLOGIES INC | UBER | 2,906,773 | $264.4M | 2.93% |
| 13 | LAM RESEARCH CORP | LRCX | 2,561,424 | $244.2M | 2.71% |
| 14 | IDEXX LABS INC | 45168D104 | 429,409 | $224.2M | 2.49% |
| 15 | VALERO ENERGY CORP | VLO | 1,664,007 | $223.7M | 2.48% |
| 16 | PUBLIC STORAGE OPER CO | PSA-PS | 769,793 | $220.3M | 2.44% |
| 17 | MONSTER BEVERAGE CORP NEW | MNST | 3,502,060 | $216.0M | 2.40% |
| 18 | RYAN SPECIALTY HOLDINGS INC | RYAN | 3,212,231 | $213.9M | 2.37% |
| 19 | SYNOPSYS INC | SNPS | 416,518 | $209.3M | 2.32% |
| 20 | MASTERCARD INCORPORATED | MA | 374,846 | $205.4M | 2.28% |
| 21 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 863,127 | $184.6M | 2.05% |
| 22 | APPLE INC | AAPL | 898,066 | $184.3M | 2.04% |
| 23 | ADOBE INC | ADBE | 421,023 | $160.3M | 1.78% |
| 24 | SHERWIN WILLIAMS CO | SHW | 442,931 | $149.4M | 1.66% |
| 25 | FORTINET INC | FTNT | 1,022,096 | $108.1M | 1.20% |
| 26 | ZOETIS INC | ZTS | 492,852 | $76.9M | 0.85% |
| 27 | SYSCO CORP | SYY | 832,875 | $63.1M | 0.70% |
| 28 | ROYAL BK CDA | 780087102 | 424,433 | $55.8M | 0.62% |
| 29 | TRACTOR SUPPLY CO | TSCO | 931,032 | $49.1M | 0.54% |
| 30 | ELI LILLY & CO | LLY | 59,768 | $46.6M | 0.52% |
| 31 | WALMART INC | WMT | 473,970 | $46.3M | 0.51% |
| 32 | TORONTO DOMINION BK ONT | TORO | 533,649 | $39.2M | 0.43% |
| 33 | CGI INC | GIB | 356,625 | $37.4M | 0.41% |
| 34 | CANADIAN NATL RY CO | 136375102 | 265,997 | $27.7M | 0.31% |
| 35 | SUN LIFE FINANCIAL INC. | SUNFF | 368,367 | $24.5M | 0.27% |
| 36 | SUNCOR ENERGY INC NEW | SU | 617,173 | $23.1M | 0.26% |
| 37 | ENBRIDGE INC | ENNPF | 493,388 | $22.3M | 0.25% |
| 38 | BANK MONTREAL QUE | 063671101 | 193,890 | $21.4M | 0.24% |
| 39 | AGNICO EAGLE MINES LTD | AEM | 172,101 | $20.5M | 0.23% |
| 40 | TFI INTL INC | 87241L109 | 226,034 | $20.2M | 0.22% |
| 41 | RB GLOBAL INC | RBA | 185,971 | $19.7M | 0.22% |
| 42 | COLLIERS INTL GROUP INC | 194693107 | 138,468 | $18.1M | 0.20% |
| 43 | BROOKFIELD INFRAST PARTNERS | G16252101 | 530,720 | $17.7M | 0.20% |
| 44 | FIRSTSERVICE CORP NEW | FSV | 101,296 | $17.6M | 0.20% |
| 45 | BROOKFIELD ASSET MANAGMT LTD | 113004105 | 313,417 | $17.3M | 0.19% |
| 46 | CBIZ INC | CBZ | 233,390 | $16.7M | 0.19% |
| 47 | CAE INC | CAE | 560,500 | $16.4M | 0.18% |
| 48 | NEW GOLD INC CDA | 644535106 | 3,202,022 | $15.9M | 0.18% |
| 49 | TELUS CORPORATION | TU | 885,468 | $14.2M | 0.16% |
| 50 | ERO COPPER CORP | ERO | 767,142 | $12.9M | 0.14% |
| 51 | GRANITE REAL ESTATE INVT TR | 387437205 | 254,616 | $12.9M | 0.14% |
| 52 | SANDSTORM GOLD LTD | 80013R206 | 1,296,000 | $12.2M | 0.13% |
| 53 | PEMBINA PIPELINE CORP | PPLOF | 323,405 | $12.1M | 0.13% |
| 54 | DESCARTES SYS GROUP INC | 249906108 | 117,600 | $11.9M | 0.13% |
| 55 | GILDAN ACTIVEWEAR INC | GIL | 240,000 | $11.8M | 0.13% |
| 56 | BRP INC | DOO | 229,950 | $11.1M | 0.12% |
| 57 | POOL CORP | POOL | 37,245 | $10.9M | 0.12% |
| 58 | ALAMOS GOLD INC NEW | AGI | 401,724 | $10.7M | 0.12% |
| 59 | OR ROYALTIES INC. | OR | 402,231 | $10.3M | 0.11% |
| 60 | ATS CORPORATION | ATS | 318,781 | $10.1M | 0.11% |
| 61 | WHEATON PRECIOUS METALS CORP | WPM | 112,929 | $10.1M | 0.11% |
| 62 | CORE & MAIN INC | CNM | 163,195 | $9.8M | 0.11% |
| 63 | NETFLIX INC | NFLX | 7,186 | $9.6M | 0.11% |
| 64 | UFP TECHNOLOGIES INC | UFPT | 38,859 | $9.5M | 0.11% |
| 65 | FRANCO NEV CORP | FNV | 54,849 | $9.0M | 0.10% |
| 66 | BROOKFIELD WEALTH SOL LTD | BNT | 134,655 | $8.3M | 0.09% |
| 67 | API GROUP CORP | APG | 140,895 | $7.2M | 0.08% |
| 68 | THOMSON REUTERS CORP | TMSOF | 31,328 | $6.3M | 0.07% |
| 69 | SHOPIFY INC | SHOP | 45,388 | $5.2M | 0.06% |
| 70 | ELDORADO GOLD CORP NEW | 284902509 | 253,000 | $5.1M | 0.06% |
| 71 | BROOKFIELD CORP | 11271J107 | 56,295 | $3.5M | 0.04% |
| 72 | PROCTER AND GAMBLE CO | 742718109 | 14,738 | $2.3M | 0.03% |
| 73 | CANADIAN PACIFIC KANSAS CITY | CP | 27,488 | $2.2M | 0.02% |
| 74 | LIGHTSPEED COMMERCE INC | LSPD | 39,000 | $456,739 | 0.01% |
| 75 | WINMARK CORP | WINA | 608 | $229,587 | 0.00% |