Institutional Manager · CIK 0001475940
MONTRUSCO BOLTON INVESTMENTS INC.
MONTREAL, A8 · File #028-13628
Latest AUM
$8.03B
Positions
73
Top-10 Concentration
55.5%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | ZOETIS INC | ZTS | +1,560,314 | +$192.1M | -$14.1M |
| REDUCE | JPMORGAN CHASE & CO. | VYLD | -364,098 | -$113.5M | +$8.0M |
| REDUCE | ROLLINS INC | ROL | -1,783,090 | -$104.1M | +$6.9M |
| NEW | BROADCOM INC | AVGO | +285,740 | +$98.9M | $0 |
| REDUCE | BLACKROCK INC | BLK | -85,427 | -$89.7M | -$29.4M |
| REDUCE | ALPHABET INC | GOOG | -241,735 | -$74.1M | +$135.6M |
| ADD | API GROUP CORP | APG | +1,624,455 | +$60.6M | +$4.3M |
| REDUCE | LAM RESEARCH CORP | LRCX | -348,382 | -$57.9M | +$34.5M |
| REDUCE | META PLATFORMS INC | META | -86,500 | -$55.7M | -$39.8M |
| REDUCE | AMAZON COM INC | AMZN | -243,523 | -$54.8M | +$26.1M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202573 pos · $8.03B
- 13F HOLDINGS REPORTQ/E Sep 202578 pos · $8.59B
- 13F HOLDINGS REPORTQ/E Jun 202575 pos · $9.01B
- 13F HOLDINGS REPORTQ/E Mar 202562 pos · $7.61B
- 13F HOLDINGS REPORTQ/E Dec 202461 pos · $8.26B
- 13F HOLDINGS REPORTQ/E Sep 202462 pos · $9.49B
- 13F HOLDINGS REPORTQ/E Jun 202458 pos · $9.53B
- 13F HOLDINGS REPORTQ/E Mar 202458 pos · $9.40B
- 13F HOLDINGS REPORTQ/E Dec 202362 pos · $6.85B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 1,613,524 | $759.5M | 9.67% |
| 2 | NVIDIA CORPORATION | NVDA | 3,990,992 | $722.9M | 9.21% |
| 3 | ALPHABET INC | GOOG | 1,738,855 | $533.2M | 6.79% |
| 4 | AMAZON COM INC | AMZN | 2,124,958 | $478.2M | 6.09% |
| 5 | WASTE CONNECTIONS INC | WCN | 2,345,566 | $397.9M | 5.07% |
| 6 | DANAHER CORPORATION | 235851102 | 1,444,568 | $321.5M | 4.09% |
| 7 | JPMORGAN CHASE & CO. | VYLD | 1,005,426 | $313.3M | 3.99% |
| 8 | META PLATFORMS INC | META | 457,439 | $294.5M | 3.75% |
| 9 | ZOETIS INC | ZTS | 2,168,078 | $266.9M | 3.40% |
| 10 | MONSTER BEVERAGE CORP NEW | MNST | 3,539,158 | $266.5M | 3.39% |
| 11 | BLACKROCK INC | BLK | 247,965 | $260.2M | 3.31% |
| 12 | RYAN SPECIALTY HOLDINGS INC | RYAN | 4,343,116 | $218.0M | 2.78% |
| 13 | APPLE INC | AAPL | 793,410 | $215.7M | 2.75% |
| 14 | MASTERCARD INCORPORATED | MA | 382,750 | $214.2M | 2.73% |
| 15 | SYNOPSYS INC | SNPS | 451,599 | $207.6M | 2.64% |
| 16 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 698,967 | $200.4M | 2.55% |
| 17 | CHIPOTLE MEXICAN GRILL INC | CMG | 5,289,270 | $190.3M | 2.42% |
| 18 | VALERO ENERGY CORP | VLO | 1,100,912 | $179.2M | 2.28% |
| 19 | UBER TECHNOLOGIES INC | UBER | 2,086,619 | $165.0M | 2.10% |
| 20 | PUBLIC STORAGE OPER CO | PSA-PS | 635,726 | $160.2M | 2.04% |