13F HOLDINGS REPORT
MONTRUSCO BOLTON INVESTMENTS INC.
Quarter ended Q4 2025 · Filed January 29, 2026 · Accession 0001475940-26-000001
Total Value
$8.03B
Positions
73
Other Managers
0
Confidential Omitted
No
Holdings (73)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 1,613,524 | $759.5M | 9.46% |
| 2 | NVIDIA CORPORATION | NVDA | 3,990,992 | $722.9M | 9.01% |
| 3 | ALPHABET INC | GOOG | 1,738,855 | $533.2M | 6.64% |
| 4 | AMAZON COM INC | AMZN | 2,124,958 | $478.2M | 5.96% |
| 5 | WASTE CONNECTIONS INC | WCN | 2,345,566 | $397.9M | 4.96% |
| 6 | DANAHER CORPORATION | 235851102 | 1,444,568 | $321.5M | 4.01% |
| 7 | JPMORGAN CHASE & CO. | VYLD | 1,005,426 | $313.3M | 3.90% |
| 8 | META PLATFORMS INC | META | 457,439 | $294.5M | 3.67% |
| 9 | ZOETIS INC | ZTS | 2,168,078 | $266.9M | 3.33% |
| 10 | MONSTER BEVERAGE CORP NEW | MNST | 3,539,158 | $266.5M | 3.32% |
| 11 | BLACKROCK INC | BLK | 247,965 | $260.2M | 3.24% |
| 12 | RYAN SPECIALTY HOLDINGS INC | RYAN | 4,343,116 | $218.0M | 2.72% |
| 13 | APPLE INC | AAPL | 793,410 | $215.7M | 2.69% |
| 14 | MASTERCARD INCORPORATED | MA | 382,750 | $214.2M | 2.67% |
| 15 | SYNOPSYS INC | SNPS | 451,599 | $207.6M | 2.59% |
| 16 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 698,967 | $200.4M | 2.50% |
| 17 | CHIPOTLE MEXICAN GRILL INC | CMG | 5,289,270 | $190.3M | 2.37% |
| 18 | VALERO ENERGY CORP | VLO | 1,100,912 | $179.2M | 2.23% |
| 19 | UBER TECHNOLOGIES INC | UBER | 2,086,619 | $165.0M | 2.06% |
| 20 | PUBLIC STORAGE OPER CO | PSA-PS | 635,726 | $160.2M | 2.00% |
| 21 | SHERWIN WILLIAMS CO | SHW | 387,679 | $122.9M | 1.53% |
| 22 | IDEXX LABS INC | 45168D104 | 176,932 | $117.1M | 1.46% |
| 23 | API GROUP CORP | APG | 3,090,155 | $115.3M | 1.44% |
| 24 | ROLLINS INC | ROL | 1,857,978 | $108.5M | 1.35% |
| 25 | ADOBE INC | ADBE | 318,040 | $107.2M | 1.34% |
| 26 | LAM RESEARCH CORP | LRCX | 626,819 | $104.2M | 1.30% |
| 27 | BROADCOM INC | AVGO | 285,740 | $98.9M | 1.23% |
| 28 | FORTINET INC | FTNT | 1,228,784 | $97.6M | 1.22% |
| 29 | WALMART INC | WMT | 598,835 | $66.7M | 0.83% |
| 30 | TRACTOR SUPPLY CO | TSCO | 1,285,595 | $64.3M | 0.80% |
| 31 | ROYAL BK CDA | 780087102 | 285,473 | $48.7M | 0.61% |
| 32 | CGI INC | GIB | 518,394 | $47.9M | 0.60% |
| 33 | TORONTO DOMINION BK ONT | TORO | 374,003 | $35.3M | 0.44% |
| 34 | TFI INTL INC | 87241L109 | 299,155 | $31.0M | 0.39% |
| 35 | FIRSTSERVICE CORP NEW | FSV | 190,823 | $29.7M | 0.37% |
| 36 | AGNICO EAGLE MINES LTD | AEM | 171,124 | $29.1M | 0.36% |
| 37 | BANK MONTREAL QUE | 063671101 | 208,443 | $27.1M | 0.34% |
| 38 | WHEATON PRECIOUS METALS CORP | WPM | 194,388 | $22.9M | 0.29% |
| 39 | SUNCOR ENERGY INC NEW | SU | 494,481 | $22.0M | 0.27% |
| 40 | ALAMOS GOLD INC NEW | AGI | 512,247 | $19.8M | 0.25% |
| 41 | CANADIAN NATL RY CO | 136375102 | 197,993 | $19.6M | 0.24% |
| 42 | BRP INC | DOO | 269,343 | $19.1M | 0.24% |
| 43 | COLLIERS INTL GROUP INC | 194693107 | 129,177 | $19.0M | 0.24% |
| 44 | RB GLOBAL INC | RBA | 167,410 | $17.3M | 0.22% |
| 45 | CAE INC | CAE | 565,500 | $17.2M | 0.21% |
| 46 | DESCARTES SYS GROUP INC | 249906108 | 192,740 | $16.9M | 0.21% |
| 47 | BROOKFIELD ASSET MANAGMT LTD | 113004105 | 321,897 | $16.9M | 0.21% |
| 48 | GILDAN ACTIVEWEAR INC | GIL | 245,900 | $15.4M | 0.19% |
| 49 | CBIZ INC | CBZ | 295,121 | $14.9M | 0.19% |
| 50 | ERO COPPER CORP | ERO | 509,963 | $14.4M | 0.18% |
| 51 | ORLA MNG LTD NEW | 68634K106 | 1,071,537 | $14.4M | 0.18% |
| 52 | TASEKO MINES LTD | TGB | 2,454,659 | $13.9M | 0.17% |
| 53 | ENDEAVOUR SILVER CORP | EXK | 1,402,392 | $13.2M | 0.16% |
| 54 | SUN LIFE FINANCIAL INC. | SUNFF | 203,469 | $12.7M | 0.16% |
| 55 | GRANITE REAL ESTATE INVT TR | 387437205 | 210,254 | $12.5M | 0.16% |
| 56 | ELDORADO GOLD CORP NEW | 284902509 | 341,707 | $12.3M | 0.15% |
| 57 | BROOKFIELD WEALTH SOL LTD | BNT | 234,974 | $10.8M | 0.13% |
| 58 | CORE & MAIN INC | CNM | 171,615 | $8.9M | 0.11% |
| 59 | CAMECO CORP | CCJ | 96,167 | $8.8M | 0.11% |
| 60 | PEMBINA PIPELINE CORP | PPLOF | 229,490 | $8.8M | 0.11% |
| 61 | POOL CORP | POOL | 32,295 | $7.4M | 0.09% |
| 62 | OPEN TEXT CORP | OTEX | 218,938 | $7.1M | 0.09% |
| 63 | ATS CORPORATION | ATS | 254,681 | $7.0M | 0.09% |
| 64 | ENBRIDGE INC | ENNPF | 139,459 | $6.7M | 0.08% |
| 65 | SHOPIFY INC | SHOP | 38,112 | $6.1M | 0.08% |
| 66 | SPS COMM INC | SPSC | 63,300 | $5.6M | 0.07% |
| 67 | UFP TECHNOLOGIES INC | UFPT | 20,329 | $4.5M | 0.06% |
| 68 | BROOKFIELD CORP | 11271J107 | 88,351 | $4.1M | 0.05% |
| 69 | THOMSON REUTERS CORP | TMSOF | 29,041 | $3.8M | 0.05% |
| 70 | EQUINOX GOLD CORP | EQX | 159,274 | $2.2M | 0.03% |
| 71 | PROCTER AND GAMBLE CO | 742718109 | 9,231 | $1.3M | 0.02% |
| 72 | LIGHTSPEED COMMERCE INC | LSPD | 39,000 | $471,158 | 0.01% |
| 73 | CANADIAN PACIFIC KANSAS CITY | CP | 2,755 | $203,095 | 0.00% |