Bristol Gate Capital Partners Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), Bristol Gate Capital Partners Inc. reported 33 stock positions worth $1.7 billion. Its top holding was Mastercard Class A (MA) at 5.0% of the portfolio, followed by Eli Lilly (LLY, 5.0%) and Old Dominion Freight Line (ODFL, 5.0%). Compared with Q3 2025, it opened 5 new positions, sold out of 3, added to 4 and reduced 23. The biggest buy was a new position in Amphenol Class A (APH) and the biggest sale an exit from Marsh & McLennan Cos (MRSH).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001650142
- Portfolio Value
- $1.7B (Q4 2025)
- SEC Filing
- 0001062993-26-000680 ↗ filed Feb 6, 2026
Holdings Value
Holdings 33 stocks · $1.7B
| MA Mastercard Inc. Class A | 5.01% | 152,121 | $86.8M | Reduce -1.1% |
| LLY Eli Lilly & Co. | 5.00% | 80,578 | $86.6M | Reduce -14.1% |
| ODFL Old Dominion Freight Line | 4.97% | 549,239 | $86.1M | Add +35.5% |
| V Visa Inc. Class A | 4.87% | 240,911 | $84.5M | Reduce -1.6% |
| AMAT Applied Materials Inc. | 4.80% | 323,970 | $83.3M | Reduce -22.4% |
| APH Amphenol Corp. Class A | 4.77% | 611,263 | $82.6M | New |
| MCK McKesson Corp. | 4.74% | 100,159 | $82.2M | Reduce -1.1% |
| WAB Wabtec Corp. | 4.69% | 380,974 | $81.3M | Reduce -1.4% |
| ACN Accenture PLC Class A | 4.68% | 302,228 | $81.1M | Add +26.1% |
| UNH Unitedhealth Group Inc. | 4.64% | 243,684 | $80.4M | Reduce -4.9% |
| TMO Thermo Fisher Scientific Inc. | 4.61% | 138,008 | $80.0M | Reduce -17.9% |
| MCO Moody's Corp. | 4.57% | 154,981 | $79.2M | Reduce -1.3% |
| IBKR Interactive Brokers Gro Class A | 4.50% | 1,211,726 | $77.9M | New |
| GE General Electric filed as GE AEROSPACE | 4.46% | 251,035 | $77.3M | Reduce -19.6% |
| MSFT Microsoft Corp. | 4.32% | 154,913 | $74.9M | Reduce -12.6% |
| INTU Intuit Inc. | 4.22% | 110,558 | $73.2M | Reduce -1.5% |
| AVGO Broadcom Inc. | 4.21% | 210,649 | $72.9M | Reduce -27.3% |
| SHW The Sherwin-Williams Co. | 4.18% | 223,462 | $72.4M | Reduce -1.3% |
| CTAS Cintas Corp. | 4.06% | 374,391 | $70.4M | Reduce -1.5% |
| MSCI MSCI Inc. | 4.00% | 120,907 | $69.4M | Reduce -1.9% |
| CARR Carrier Global Corp. | 3.98% | 1,304,888 | $69.0M | Add +38.2% |
| DPZ Domino's Pizza Inc. | 3.53% | 146,644 | $61.1M | Reduce -7.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.89% | 22,627 | $15.4M | Add +619.0% |
| TFII Tfi International Inc. | 0.04% | 6,940 | $718K | Reduce -38.6% |
| RY Royal Bank of Canada | 0.04% | 4,051 | $692K | New |
| BN Brookfield Corp. | 0.04% | 14,253 | $655K | Reduce -46.1% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 0.04% | 6,931 | $629K | New |
| CNI Canadian Natl Railway Co. | 0.03% | 5,698 | $564K | Reduce -38.5% |
| WCN Waste Connections Inc. | 0.03% | 3,060 | $537K | Reduce -38.8% |
| TRI Thomson Reuters Corp. | 0.03% | 3,994 | $528K | Reduce -23.6% |
| FSV Firstservice Corp. | 0.03% | 3,313 | $516K | Reduce -38.5% |
| IVV iShares Core S&P 500 ETF | 0.02% | 429 | $294K | New |
| SPGI S&P Global Inc. | 0.02% | 530 | $277K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| MRSH Marsh & McLennan Cos | Sold out | 0.00% | −4.12 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −3.60 |
| AVGO Broadcom Inc. | Reduce -27.3% | 4.21% | −1.44 |
| MSFT Microsoft Corp. | Reduce -12.6% | 4.32% | −1.10 |
| GE General Electric | Reduce -19.6% | 4.46% | −1.09 |
| UNH Unitedhealth Group Inc. | Reduce -4.9% | 4.64% | −0.58 |
| CTAS Cintas Corp. | Reduce -1.5% | 4.06% | −0.55 |
| DPZ Domino's Pizza Inc. | Reduce -7.0% | 3.53% | −0.49 |
| SHW The Sherwin-Williams Co. | Reduce -1.3% | 4.18% | −0.45 |
| INTU Intuit Inc. | Reduce -1.5% | 4.22% | −0.30 |
| AMAT Applied Materials Inc. | Reduce -22.4% | 4.80% | −0.24 |
| TMO Thermo Fisher Scientific Inc. | Reduce -17.9% | 4.61% | −0.20 |
| MA Mastercard Inc. Class A | Reduce -1.1% | 5.01% | −0.16 |
| MSCI MSCI Inc. | Reduce -1.9% | 4.00% | −0.13 |
| OTEX Open Text Corp. | Sold out | 0.00% | −0.07 |
| V Visa Inc. Class A | Reduce -1.6% | 4.87% | −0.06 |
| BN Brookfield Corp. | Reduce -46.1% | 0.04% | −0.03 |
| FSV Firstservice Corp. | Reduce -38.5% | 0.03% | −0.03 |
| WCN Waste Connections Inc. | Reduce -38.8% | 0.03% | −0.02 |
| CNI Canadian Natl Railway Co. | Reduce -38.5% | 0.03% | −0.02 |
| TRI Thomson Reuters Corp. | Reduce -23.6% | 0.03% | −0.02 |
| TFII Tfi International Inc. | Reduce -38.6% | 0.04% | −0.02 |
| WAB Wabtec Corp. | Reduce -1.4% | 4.69% | +0.12 |
| MCK McKesson Corp. | Reduce -1.1% | 4.74% | +0.12 |
| MCO Moody's Corp. | Reduce -1.3% | 4.57% | +0.15 |
| LLY Eli Lilly & Co. | Reduce -14.1% | 5.00% | +0.77 |
Portfolio Buys Q3 2025 → Q4 2025
| APH Amphenol Corp. Class A | New | 4.77% | +4.77 |
| IBKR Interactive Brokers Gro Class A | New | 4.50% | +4.50 |
| ODFL Old Dominion Freight Line | Add +35.5% | 4.97% | +1.60 |
| ACN Accenture PLC Class A | Add +26.1% | 4.68% | +1.19 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +619.0% | 0.89% | +0.77 |
| CARR Carrier Global Corp. | Add +38.2% | 3.98% | +0.65 |
| RY Royal Bank of Canada | New | 0.04% | +0.04 |
| CM Can Imperial BK of Commerce | New | 0.04% | +0.04 |
| IVV iShares Core S&P 500 ETF | New | 0.02% | +0.02 |
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 |