Montrusco Bolton Investments Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 28, 2026), Montrusco Bolton Investments Inc. reported 72 stock positions worth $6.6 billion. Its top holding was Nvidia (NVDA) at 9.4% of the portfolio, followed by Microsoft (MSFT, 6.8%) and Alphabet Class A (GOOGL, 6.0%). Compared with Q4 2025, it opened 7 new positions, sold out of 8, added to 19 and reduced 43. The biggest buy was a new position in Amphenol Class A (APH) and the biggest sale BlackRock (BLK, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, A8
- CIK
- 0001475940
- Portfolio Value
- $6.6B (Q1 2026)
- SEC Filing
- 0001475940-26-000003 ↗ filed Apr 28, 2026
Holdings Value
Holdings 72 stocks · $6.6B
| NVDA Nvidia Corp. | 9.37% | 3,659,367 | $619.0M | Reduce -8.3% |
| MSFT Microsoft Corp. | 6.80% | 1,249,443 | $449.6M | Reduce -22.6% |
| GOOGL Alphabet Inc. Class A | 5.97% | 1,404,505 | $394.3M | Reduce -19.2% |
| AMZN Amazon.com Inc. | 5.59% | 1,824,462 | $369.6M | Reduce -14.1% |
| JPM JPMorgan Chase & Co. | 5.39% | 1,246,180 | $356.0M | Add +23.9% |
| WCN Waste Connections Inc. | 4.34% | 1,822,200 | $286.5M | Reduce -22.3% |
| DHR Danaher Corp. | 3.73% | 1,341,168 | $246.2M | Reduce -7.2% |
| MA Mastercard Inc. Class A | 3.58% | 489,843 | $236.6M | Add +28.0% |
| META Meta Platforms Inc. Class A | 3.56% | 422,400 | $235.6M | Reduce -7.7% |
| VLO Valero Energy Corp. | 3.50% | 936,233 | $231.3M | Reduce -15.0% |
| MNST Monster Beverage Corp. | 3.18% | 2,960,169 | $209.9M | Reduce -16.4% |
| ZTS Zoetis Inc. | 2.90% | 1,666,335 | $191.4M | Reduce -23.1% |
| AVGO Broadcom Inc. | 2.84% | 625,635 | $187.9M | Add +119.0% |
| IDXX Idexx Laboratories Inc. | 2.83% | 342,120 | $186.7M | Add +93.4% |
| APG Api Group Corp. | 2.78% | 4,652,145 | $183.5M | Add +50.5% |
| TSM Taiwan Semiconductor-SP ADR | 2.46% | 510,242 | $162.3M | Reduce -27.0% |
| AAPL Apple Inc. | 2.38% | 619,130 | $157.1M | Reduce -22.0% |
| UBER Uber Technologies Inc. | 2.36% | 2,242,389 | $156.2M | Add +7.5% |
| CMG Chipotle Mexican Grill Inc. | 2.24% | 4,758,522 | $148.2M | Reduce -10.0% |
| LRCX Lam Research Corp. | 2.15% | 685,358 | $142.2M | Add +9.3% |
| PSA Public Storage | 2.06% | 518,306 | $135.8M | Reduce -18.5% |
| RYAN Ryan Specialty Holdings Inc. | 2.00% | 4,022,506 | $132.1M | Reduce -7.4% |
| APH Amphenol Corp. Class A | 1.79% | 935,551 | $118.2M | New |
| SHW The Sherwin-Williams Co. | 1.71% | 360,931 | $113.0M | Reduce -6.9% |
| SNPS Synopsys Inc. | 1.65% | 281,301 | $108.8M | Reduce -37.7% |
| WMT Walmart Inc. | 1.12% | 596,410 | $74.1M | Reduce -0.4% |
| TSCO Tractor Supply Company | 0.88% | 1,290,454 | $58.5M | Add +0.4% |
| SUNB Sunbelt Rentals Holdings Inc. | 0.86% | 1,002,578 | $57.2M | New |
| RY Royal Bank of Canada | 0.68% | 278,201 | $44.8M | Reduce -2.5% |
| GIB Cgi Inc. | 0.58% | 523,255 | $38.1M | Add +0.9% |
| BLK BlackRock Inc. | 0.57% | 38,933 | $37.4M | Reduce -84.3% |
| FSV Firstservice Corp. | 0.55% | 263,488 | $36.5M | Add +38.1% |
| BGSI Boyd Group Services Inc. | 0.54% | 280,207 | $35.7M | New |
| TD Toronto-Dominion Bank | 0.52% | 367,619 | $34.2M | Reduce -1.7% |
| AEM Agnico Eagle Mines Ltd. | 0.50% | 162,760 | $32.9M | Reduce -4.9% |
| SU Suncor Energy Inc. | 0.48% | 478,392 | $31.5M | Reduce -3.3% |
| BMO Bank of Montreal filed as BANK MONTREAL MEDIUM | 0.42% | 204,967 | $27.7M | Reduce -1.7% |
| TFII Tfi International Inc. filed as TRANSFORCE INC | 0.39% | 238,165 | $25.8M | Reduce -20.4% |
| WPM Wheaton Precious Metals Corp. | 0.39% | 195,962 | $25.6M | Add +0.8% |
| CNI Canadian Natl Railway Co. | 0.30% | 195,490 | $20.1M | Reduce -1.3% |
| TASEKO MINES LTD | 0.30% | 3,031,296 | $19.6M | Add +23.5% |
| DSGX The Descartes Systems Grp | 0.27% | 246,235 | $17.6M | Add +27.8% |
| DOO BRP Inc./Ca- Sub Voting | 0.24% | 221,693 | $15.9M | Reduce -17.7% |
| CIGI Colliers Intl GR-Subord Vot | 0.23% | 145,285 | $15.5M | Add +12.5% |
| BAM Brookfield Asset Mgmt-A | 0.23% | 345,381 | $15.3M | Add +7.3% |
| RBA RB Global Inc. | 0.23% | 155,700 | $14.9M | Reduce -7.0% |
| CAE Cae Inc. | 0.22% | 565,500 | $14.7M | No change |
| GIL Gildan Activewear Inc. | 0.21% | 244,300 | $13.6M | Reduce -0.7% |
| BNT Brookfield Wealth Solutions | 0.19% | 307,408 | $12.7M | Add +30.8% |
| SLF Sun Life Financial Inc. | 0.19% | 200,841 | $12.5M | Reduce -1.3% |
| EXK Endeavour Silver Corp. | 0.18% | 1,282,097 | $11.9M | Reduce -8.6% |
| CCJ Cameco Corp. | 0.15% | 93,959 | $10.2M | Reduce -2.3% |
| PBA Pembina Pipeline Corp. | 0.15% | 224,396 | $10.0M | Reduce -2.2% |
| OR Or Royalties Inc. | 0.15% | 254,620 | $9.7M | New |
| CBZ Cbiz Inc. | 0.14% | 340,021 | $9.1M | Add +15.2% |
| MDA Mda Space Ltd. | 0.13% | 333,096 | $8.4M | New |
| CNM Core & Main Inc. Class A | 0.13% | 167,215 | $8.3M | Reduce -2.6% |
| ITRG Integra Resources Corp. | 0.11% | 2,670,377 | $7.2M | New |
| POOL Pool Corp. | 0.10% | 32,295 | $6.5M | No change |
| ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW | 0.09% | 359,590 | $5.8M | Reduce -66.4% |
| ATS Ats Corp. | 0.07% | 170,956 | $4.8M | Reduce -32.9% |
| OTEX Open Text Corp. | 0.07% | 214,625 | $4.8M | Reduce -2.0% |
| AGI Alamos Gold Inc. Class A | 0.06% | 88,079 | $3.9M | Reduce -82.8% |
| BN Brookfield Corp. | 0.05% | 88,355 | $3.6M | Add +0.0% |
| SPSC SPS Commerce Inc. | 0.05% | 63,300 | $3.5M | No change |
| SHOP Shopify Inc. Class A | 0.05% | 26,612 | $3.1M | Reduce -30.2% |
| USAS Americas Gold and Silver Cor | 0.04% | 549,996 | $2.9M | New |
| EQX Equinox Gold Corp. | 0.03% | 149,134 | $2.1M | Reduce -6.4% |
| PG The Procter & Gamble Co. | 0.02% | 9,067 | $1.3M | Reduce -1.8% |
| UFPT Ufp Technologies Inc. | 0.01% | 2,604 | $504K | Reduce -87.2% |
| LSPD Lightspeed Commerce Inc. | 0.00% | 34,000 | $303K | Reduce -12.8% |
| CP Canadian Pacific Kansas City | 0.00% | 3,003 | $236K | Add +9.0% |
Portfolio Sells Q4 2025 → Q1 2026
| BLK BlackRock Inc. | Reduce -84.3% | 0.57% | −2.68 |
| MSFT Microsoft Corp. | Reduce -22.6% | 6.80% | −2.66 |
| ROL Rollins Inc. | Sold out | 0.00% | −1.35 |
| ADBE Adobe Inc. | Sold out | 0.00% | −1.34 |
| FTNT Fortinet Inc. | Sold out | 0.00% | −1.22 |
| SNPS Synopsys Inc. | Reduce -37.7% | 1.65% | −0.94 |
| RYAN Ryan Specialty Holdings Inc. | Reduce -7.4% | 2.00% | −0.72 |
| GOOGL Alphabet Inc. Class A | Reduce -19.2% | 5.97% | −0.68 |
| WCN Waste Connections Inc. | Reduce -22.3% | 4.34% | −0.62 |
| ZTS Zoetis Inc. | Reduce -23.1% | 2.90% | −0.43 |
| AMZN Amazon.com Inc. | Reduce -14.1% | 5.59% | −0.37 |
| AAPL Apple Inc. | Reduce -22.0% | 2.38% | −0.31 |
| DHR Danaher Corp. | Reduce -7.2% | 3.73% | −0.28 |
| AGI Alamos Gold Inc. Class A | Reduce -82.8% | 0.06% | −0.19 |
| ERO Ero Copper Corp. | Sold out | 0.00% | −0.18 |
| GRTUF Granite Real Estate Investme | Sold out | 0.00% | −0.16 |
| EGO Eldorado Gold Corp. | Sold out | 0.00% | −0.15 |
| MNST Monster Beverage Corp. | Reduce -16.4% | 3.18% | −0.15 |
| CMG Chipotle Mexican Grill Inc. | Reduce -10.0% | 2.24% | −0.13 |
| META Meta Platforms Inc. Class A | Reduce -7.7% | 3.56% | −0.11 |
| ORLA Orla Mining Ltd. | Reduce -66.4% | 0.09% | −0.09 |
| ENB Enbridge Inc. | Sold out | 0.00% | −0.08 |
| UFPT Ufp Technologies Inc. | Reduce -87.2% | 0.01% | −0.05 |
| TRI Thomson Reuters Corp. | Sold out | 0.00% | −0.05 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -27.0% | 2.46% | −0.04 |
| SHOP Shopify Inc. Class A | Reduce -30.2% | 0.05% | −0.03 |
| OTEX Open Text Corp. | Reduce -2.0% | 0.07% | −0.02 |
| ATS Ats Corp. | Reduce -32.9% | 0.07% | −0.01 |
| LSPD Lightspeed Commerce Inc. | Reduce -12.8% | 0.00% | −0.00 |
| DOO BRP Inc./Ca- Sub Voting | Reduce -17.7% | 0.24% | +0.00 |
| PG The Procter & Gamble Co. | Reduce -1.8% | 0.02% | +0.00 |
| EQX Equinox Gold Corp. | Reduce -6.4% | 0.03% | +0.00 |
| TFII Tfi International Inc. | Reduce -20.4% | 0.39% | +0.01 |
| RBA RB Global Inc. | Reduce -7.0% | 0.23% | +0.01 |
| GIL Gildan Activewear Inc. | Reduce -0.7% | 0.21% | +0.01 |
| CNM Core & Main Inc. Class A | Reduce -2.6% | 0.13% | +0.01 |
| EXK Endeavour Silver Corp. | Reduce -8.6% | 0.18% | +0.02 |
| SLF Sun Life Financial Inc. | Reduce -1.3% | 0.19% | +0.03 |
| PBA Pembina Pipeline Corp. | Reduce -2.2% | 0.15% | +0.04 |
| CCJ Cameco Corp. | Reduce -2.3% | 0.15% | +0.04 |
| CNI Canadian Natl Railway Co. | Reduce -1.3% | 0.30% | +0.06 |
| PSA Public Storage | Reduce -18.5% | 2.06% | +0.06 |
| RY Royal Bank of Canada | Reduce -2.5% | 0.68% | +0.07 |
| TD Toronto-Dominion Bank | Reduce -1.7% | 0.52% | +0.08 |
| BMO Bank of Montreal | Reduce -1.7% | 0.42% | +0.08 |
| AEM Agnico Eagle Mines Ltd. | Reduce -4.9% | 0.50% | +0.14 |
| SHW The Sherwin-Williams Co. | Reduce -6.9% | 1.71% | +0.18 |
| SU Suncor Energy Inc. | Reduce -3.3% | 0.48% | +0.20 |
| WMT Walmart Inc. | Reduce -0.4% | 1.12% | +0.29 |
| NVDA Nvidia Corp. | Reduce -8.3% | 9.37% | +0.36 |
Portfolio Buys Q4 2025 → Q1 2026
| APH Amphenol Corp. Class A | New | 1.79% | +1.79 |
| AVGO Broadcom Inc. | Add +119.0% | 2.84% | +1.61 |
| JPM JPMorgan Chase & Co. | Add +23.9% | 5.39% | +1.48 |
| IDXX Idexx Laboratories Inc. | Add +93.4% | 2.83% | +1.37 |
| APG Api Group Corp. | Add +50.5% | 2.78% | +1.34 |
| MA Mastercard Inc. Class A | Add +28.0% | 3.58% | +0.91 |
| SUNB Sunbelt Rentals Holdings Inc. | New | 0.86% | +0.86 |
| LRCX Lam Research Corp. | Add +9.3% | 2.15% | +0.85 |
| BGSI Boyd Group Services Inc. | New | 0.54% | +0.54 |
| UBER Uber Technologies Inc. | Add +7.5% | 2.36% | +0.31 |
| FSV Firstservice Corp. | Add +38.1% | 0.55% | +0.18 |
| OR Or Royalties Inc. | New | 0.15% | +0.15 |
| MDA Mda Space Ltd. | New | 0.13% | +0.13 |
| TASEKO MINES LTD | Add +23.5% | 0.30% | +0.12 |
| ITRG Integra Resources Corp. | New | 0.11% | +0.11 |
| WPM Wheaton Precious Metals Corp. | Add +0.8% | 0.39% | +0.10 |
| TSCO Tractor Supply Company | Add +0.4% | 0.88% | +0.08 |
| BNT Brookfield Wealth Solutions | Add +30.8% | 0.19% | +0.06 |
| DSGX The Descartes Systems Grp | Add +27.8% | 0.27% | +0.06 |
| USAS Americas Gold and Silver Cor | New | 0.04% | +0.04 |
| BAM Brookfield Asset Mgmt-A | Add +7.3% | 0.23% | +0.02 |
| BN Brookfield Corp. | Add +0.0% | 0.05% | +0.00 |
| CP Canadian Pacific Kansas City | Add +9.0% | 0.00% | +0.00 |
| CIGI Colliers Intl GR-Subord Vot | Add +12.5% | 0.23% | −0.00 |
| GIB Cgi Inc. | Add +0.9% | 0.58% | −0.02 |
| CBZ Cbiz Inc. | Add +15.2% | 0.14% | −0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 80 | $6.5B | NVDA, GOOGL, MSFT, AMZN, JPM |
| Q1 2026 | 72 | $6.6B | NVDA, MSFT, GOOGL, AMZN, JPM |
| Q4 2025 | 73 | $8.0B | MSFT, NVDA, GOOGL, AMZN, WCN |
| Q3 2025 | 78 | $8.6B | MSFT, NVDA, AMZN, GOOGL, JPM |
| Q2 2025 | 75 | $9.0B | MSFT, NVDA, AMZN, META, JPM |
| Q1 2025 | 62 | $7.6B | MSFT, NVDA, AMZN, GOOGL, BLK |
| Q4 2024 | 61 | $8.3B | MSFT, NVDA, AMZN, GOOGL, MA |
| Q3 2024 | 62 | $9.5B | MSFT, NVDA, AMZN, MA, GOOGL |
| Q2 2024 | 58 | $9.5B | MSFT, NVDA, GOOGL, AMGN, AMZN |
| Q1 2024 | 58 | $9.4B | MSFT, MA, NVDA, GOOGL, AMGN |