Bristol Gate Capital Partners Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 8, 2025), Bristol Gate Capital Partners Inc. reported 32 stock positions worth $2.0 billion. Its top holding was McKesson (MCK) at 5.7% of the portfolio, followed by Visa Class A (V, 5.3%) and Marsh & McLennan Cos (MRSH, 5.2%). Compared with Q4 2024, it opened 3 new positions, sold out of 4, added to 11 and reduced 17. The biggest buy was a new position in Eli Lilly (LLY) and the biggest sale an exit from Corteva (CTVA).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001650142
- Portfolio Value
- $2.0B (Q1 2025)
- SEC Filing
- 0001062993-25-008847 ↗ filed May 8, 2025
Holdings Value
Holdings 32 stocks · $2.0B
| MCK McKesson Corp. | 5.66% | 172,281 | $115.9M | Add +0.5% |
| V Visa Inc. Class A | 5.33% | 311,557 | $109.2M | Add +0.4% |
| MRSH Marsh & McLennan Cos | 5.25% | 440,348 | $107.5M | Add +0.7% |
| MA Mastercard Inc. Class A | 5.24% | 195,673 | $107.3M | Reduce -2.6% |
| CTAS Cintas Corp. | 5.17% | 514,722 | $105.8M | Add +0.4% |
| GE General Electric filed as GE AEROSPACE | 5.13% | 524,710 | $105.0M | Reduce -7.1% |
| SHW The Sherwin-Williams Co. | 4.91% | 288,082 | $100.6M | Add +0.5% |
| LLY Eli Lilly & Co. | 4.77% | 118,275 | $97.7M | New |
| UNH Unitedhealth Group Inc. | 4.69% | 183,316 | $96.0M | Add +0.8% |
| MCO Moody's Corp. | 4.54% | 199,665 | $93.0M | Reduce -13.2% |
| DPZ Domino's Pizza Inc. | 4.50% | 200,425 | $92.1M | New |
| WAB Wabtec Corp. | 4.33% | 489,358 | $88.7M | New |
| MSCI MSCI Inc. | 4.33% | 156,745 | $88.6M | Reduce -16.3% |
| ZTS Zoetis Inc. | 4.31% | 535,584 | $88.2M | Add +1.5% |
| INTU Intuit Inc. | 4.28% | 142,663 | $87.6M | Reduce -0.1% |
| ODFL Old Dominion Freight Line | 4.14% | 512,153 | $84.7M | Reduce -0.9% |
| MSFT Microsoft Corp. | 4.12% | 224,519 | $84.3M | Reduce -0.3% |
| TMO Thermo Fisher Scientific Inc. | 3.94% | 162,315 | $80.8M | Add +1.3% |
| MCHP Microchip Technology Inc. | 3.90% | 1,650,617 | $79.9M | Add +39.4% |
| AMAT Applied Materials Inc. | 3.75% | 529,519 | $76.8M | Add +38.0% |
| CARR Carrier Global Corp. | 3.72% | 1,201,202 | $76.2M | Add +0.4% |
| AVGO Broadcom Inc. | 3.39% | 414,719 | $69.4M | Reduce -18.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.25% | 9,151 | $5.1M | Reduce -46.7% |
| WCN Waste Connections Inc. | 0.05% | 5,549 | $1.1M | Reduce -9.4% |
| BN Brookfield Corp. | 0.05% | 19,485 | $1.0M | Reduce -9.9% |
| TRI Thomson Reuters Corp. | 0.05% | 5,765 | $995K | Reduce -9.9% |
| FSV Firstservice Corp. | 0.05% | 5,978 | $991K | Reduce -9.8% |
| CIGI Colliers Intl GR-Subord Vot | 0.04% | 7,554 | $914K | Reduce -9.4% |
| OTEX Open Text Corp. | 0.04% | 32,135 | $811K | Reduce -9.9% |
| CNI Canadian Natl Railway Co. | 0.04% | 8,206 | $798K | Reduce -9.9% |
| TFII Tfi International Inc. | 0.03% | 7,793 | $603K | Reduce -9.9% |
| SPGI S&P Global Inc. | 0.02% | 700 | $356K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| CTVA Corteva Inc. | Sold out | 0.00% | −4.78 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −4.36 |
| CSX CSX Corp. | Sold out | 0.00% | −3.86 |
| AVGO Broadcom Inc. | Reduce -18.2% | 3.39% | −2.33 |
| MSCI MSCI Inc. | Reduce -16.3% | 4.33% | −1.14 |
| MCO Moody's Corp. | Reduce -13.2% | 4.54% | −0.76 |
| MSFT Microsoft Corp. | Reduce -0.3% | 4.12% | −0.51 |
| ODFL Old Dominion Freight Line | Reduce -0.9% | 4.14% | −0.30 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -46.7% | 0.25% | −0.24 |
| INTU Intuit Inc. | Reduce -0.1% | 4.28% | −0.09 |
| TFII Tfi International Inc. | Reduce -9.9% | 0.03% | −0.03 |
| BN Brookfield Corp. | Reduce -9.9% | 0.05% | −0.01 |
| CIGI Colliers Intl GR-Subord Vot | Reduce -9.4% | 0.04% | −0.01 |
| FSV Firstservice Corp. | Reduce -9.8% | 0.05% | −0.01 |
| MATX Matson Inc. | Sold out | 0.00% | −0.01 |
| OTEX Open Text Corp. | Reduce -9.9% | 0.04% | −0.01 |
| CNI Canadian Natl Railway Co. | Reduce -9.9% | 0.04% | −0.01 |
| TRI Thomson Reuters Corp. | Reduce -9.9% | 0.05% | −0.00 |
| WCN Waste Connections Inc. | Reduce -9.4% | 0.05% | +0.00 |
| MA Mastercard Inc. Class A | Reduce -2.6% | 5.24% | +0.09 |
| GE General Electric | Reduce -7.1% | 5.13% | +0.54 |
Portfolio Buys Q4 2024 → Q1 2025
| LLY Eli Lilly & Co. | New | 4.77% | +4.77 |
| DPZ Domino's Pizza Inc. | New | 4.50% | +4.50 |
| WAB Wabtec Corp. | New | 4.33% | +4.33 |
| MCK McKesson Corp. | Add +0.5% | 5.66% | +0.91 |
| MRSH Marsh & McLennan Cos | Add +0.7% | 5.25% | +0.72 |
| AMAT Applied Materials Inc. | Add +38.0% | 3.75% | +0.71 |
| CTAS Cintas Corp. | Add +0.4% | 5.17% | +0.61 |
| MCHP Microchip Technology Inc. | Add +39.4% | 3.90% | +0.60 |
| V Visa Inc. Class A | Add +0.4% | 5.33% | +0.56 |
| UNH Unitedhealth Group Inc. | Add +0.8% | 4.69% | +0.21 |
| SHW The Sherwin-Williams Co. | Add +0.5% | 4.91% | +0.17 |
| ZTS Zoetis Inc. | Add +1.5% | 4.31% | +0.12 |
| TMO Thermo Fisher Scientific Inc. | Add +1.3% | 3.94% | −0.12 |
| CARR Carrier Global Corp. | Add +0.4% | 3.72% | −0.26 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 33 | $1.4B | AMAT, KLAC, LLY, GE, TRGP |
| Q1 2026 | 31 | $1.6B | TRGP, WAB, MCK, WMT, TT |
| Q4 2025 | 33 | $1.7B | MA, LLY, ODFL, V, AMAT |
| Q3 2025 | 31 | $1.7B | AVGO, GE, MSFT, UNH, MA |
| Q2 2025 | 31 | $1.8B | GE, AVGO, INTU, MSFT, V |
| Q1 2025 | 32 | $2.0B | MCK, V, MRSH, MA, CTAS |
| Q4 2024 | 33 | $2.1B | AVGO, MSCI, MCO, MA, V |
| Q3 2024 | 31 | $2.2B | CARR, SHW, MCO, MSCI, UNH |
| Q2 2024 | 31 | $2.0B | MSFT, MCK, MCO, CARR, CTVA |
| Q1 2024 | 30 | $2.1B | CTAS, SHW, MA, AMAT, TMO |