13F HOLDINGS REPORT
MONTRUSCO BOLTON INVESTMENTS INC.
Quarter ended Q3 2025 · Filed November 12, 2025 · Accession 0001475940-25-000002
Total Value
$8.59B
Positions
78
Other Managers
0
Confidential Omitted
No
Holdings (78)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 1,718,266 | $869.1M | 10.11% |
| 2 | NVIDIA CORPORATION | NVDA | 4,200,029 | $765.1M | 8.90% |
| 3 | AMAZON COM INC | AMZN | 2,368,481 | $506.9M | 5.90% |
| 4 | ALPHABET INC | GOOG | 1,980,590 | $471.7M | 5.49% |
| 5 | JPMORGAN CHASE & CO. | VYLD | 1,369,524 | $418.8M | 4.87% |
| 6 | META PLATFORMS INC | META | 543,939 | $390.0M | 4.54% |
| 7 | WASTE CONNECTIONS INC | WCN | 2,252,933 | $384.2M | 4.47% |
| 8 | BLACKROCK INC | BLK | 333,392 | $379.2M | 4.41% |
| 9 | DANAHER CORPORATION | 235851102 | 1,611,531 | $310.6M | 3.61% |
| 10 | SYNOPSYS INC | SNPS | 537,155 | $258.6M | 3.01% |
| 11 | CHIPOTLE MEXICAN GRILL INC | CMG | 6,453,065 | $245.7M | 2.86% |
| 12 | UBER TECHNOLOGIES INC | UBER | 2,524,962 | $241.0M | 2.81% |
| 13 | APPLE INC | AAPL | 933,027 | $237.6M | 2.76% |
| 14 | MONSTER BEVERAGE CORP NEW | MNST | 3,411,736 | $226.2M | 2.63% |
| 15 | RYAN SPECIALTY HOLDINGS INC | RYAN | 3,974,869 | $217.7M | 2.53% |
| 16 | VALERO ENERGY CORP | VLO | 1,255,650 | $213.8M | 2.49% |
| 17 | ROLLINS INC | ROL | 3,641,068 | $205.6M | 2.39% |
| 18 | PUBLIC STORAGE OPER CO | PSA-PS | 711,333 | $199.7M | 2.32% |
| 19 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 708,231 | $185.8M | 2.16% |
| 20 | MASTERCARD INCORPORATED | MA | 308,640 | $172.4M | 2.01% |
| 21 | IDEXX LABS INC | 45168D104 | 232,282 | $145.6M | 1.69% |
| 22 | SHERWIN WILLIAMS CO | SHW | 419,798 | $142.6M | 1.66% |
| 23 | LAM RESEARCH CORP | LRCX | 975,201 | $127.7M | 1.49% |
| 24 | ADOBE INC | ADBE | 362,784 | $123.8M | 1.44% |
| 25 | FORTINET INC | FTNT | 1,236,892 | $104.0M | 1.21% |
| 26 | ZOETIS INC | ZTS | 607,764 | $88.9M | 1.03% |
| 27 | WALMART INC | WMT | 562,384 | $58.0M | 0.67% |
| 28 | TRACTOR SUPPLY CO | TSCO | 1,000,530 | $56.9M | 0.66% |
| 29 | ELI LILLY & CO | LLY | 70,389 | $53.7M | 0.63% |
| 30 | ROYAL BK CDA | 780087102 | 346,418 | $51.1M | 0.59% |
| 31 | API GROUP CORP | APG | 1,465,700 | $50.4M | 0.59% |
| 32 | CGI INC | GIB | 467,777 | $41.7M | 0.49% |
| 33 | SYSCO CORP | SYY | 489,982 | $40.3M | 0.47% |
| 34 | TORONTO DOMINION BK ONT | TORO | 486,409 | $38.9M | 0.45% |
| 35 | AGNICO EAGLE MINES LTD | AEM | 193,818 | $32.7M | 0.38% |
| 36 | BANK MONTREAL QUE | 063671101 | 227,141 | $29.6M | 0.34% |
| 37 | WHEATON PRECIOUS METALS CORP | WPM | 233,795 | $26.2M | 0.30% |
| 38 | ENBRIDGE INC | ENNPF | 487,427 | $24.6M | 0.29% |
| 39 | SUNCOR ENERGY INC NEW | SU | 581,429 | $24.3M | 0.28% |
| 40 | TFI INTL INC | 87241L109 | 266,807 | $23.5M | 0.27% |
| 41 | COLLIERS INTL GROUP INC | 194693107 | 135,777 | $21.2M | 0.25% |
| 42 | RB GLOBAL INC | RBA | 184,805 | $20.0M | 0.23% |
| 43 | BRP INC | DOO | 318,118 | $19.3M | 0.23% |
| 44 | FIRSTSERVICE CORP NEW | FSV | 100,748 | $19.2M | 0.22% |
| 45 | ALAMOS GOLD INC NEW | AGI | 547,567 | $19.1M | 0.22% |
| 46 | CANADIAN NATL RY CO | 136375102 | 200,189 | $18.9M | 0.22% |
| 47 | BROOKFIELD ASSET MANAGMT LTD | 113004105 | 329,296 | $18.7M | 0.22% |
| 48 | SUN LIFE FINANCIAL INC. | SUNFF | 302,549 | $18.2M | 0.21% |
| 49 | CAE INC | CAE | 565,500 | $16.7M | 0.19% |
| 50 | ERO COPPER CORP | ERO | 765,896 | $15.5M | 0.18% |
| 51 | CBIZ INC | CBZ | 276,821 | $14.7M | 0.17% |
| 52 | GRANITE REAL ESTATE INVT TR | 387437205 | 251,942 | $14.0M | 0.16% |
| 53 | GILDAN ACTIVEWEAR INC | GIL | 242,000 | $14.0M | 0.16% |
| 54 | OR ROYALTIES INC. | OR | 332,958 | $13.3M | 0.16% |
| 55 | TASEKO MINES LTD | TGB | 2,891,250 | $12.3M | 0.14% |
| 56 | DESCARTES SYS GROUP INC | 249906108 | 127,963 | $12.1M | 0.14% |
| 57 | PEMBINA PIPELINE CORP | PPLOF | 279,262 | $11.3M | 0.13% |
| 58 | ELDORADO GOLD CORP NEW | 284902509 | 356,975 | $10.3M | 0.12% |
| 59 | AMERICAS GOLD AND SILVER COR | 03062D803 | 2,668,549 | $10.0M | 0.12% |
| 60 | NEW GOLD INC CDA | 644535106 | 1,331,689 | $9.5M | 0.11% |
| 61 | ENDEAVOUR SILVER CORP | EXK | 1,214,475 | $9.5M | 0.11% |
| 62 | BROOKFIELD WEALTH SOL LTD | BNT | 134,437 | $9.2M | 0.11% |
| 63 | CORE & MAIN INC | CNM | 167,615 | $9.0M | 0.11% |
| 64 | POOL CORP | POOL | 26,745 | $8.3M | 0.10% |
| 65 | NETFLIX INC | NFLX | 6,873 | $8.2M | 0.10% |
| 66 | TELUS CORPORATION | TU | 475,273 | $7.5M | 0.09% |
| 67 | ATS CORPORATION | ATS | 283,781 | $7.4M | 0.09% |
| 68 | SHOPIFY INC | SHOP | 44,412 | $6.6M | 0.08% |
| 69 | UFP TECHNOLOGIES INC | UFPT | 32,159 | $6.4M | 0.07% |
| 70 | THOMSON REUTERS CORP | TMSOF | 37,667 | $5.9M | 0.07% |
| 71 | SPS COMM INC | SPSC | 49,375 | $5.1M | 0.06% |
| 72 | BROOKFIELD INFRAST PARTNERS | G16252101 | 138,330 | $4.6M | 0.05% |
| 73 | BROOKFIELD CORP | 11271J107 | 55,056 | $3.8M | 0.04% |
| 74 | SERVICENOW INC | NOW | 2,773 | $2.6M | 0.03% |
| 75 | PROCTER AND GAMBLE CO | 742718109 | 14,738 | $2.3M | 0.03% |
| 76 | CANADIAN PACIFIC KANSAS CITY | CP | 22,221 | $1.7M | 0.02% |
| 77 | SANDSTORM GOLD LTD | 80013R206 | 116,599 | $1.5M | 0.02% |
| 78 | LIGHTSPEED COMMERCE INC | LSPD | 39,000 | $450,431 | 0.01% |