Mountain Pacific Investment Advisers LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 11, 2024), Mountain Pacific Investment Advisers LLC reported 139 stock positions worth $1.8 billion. Its top holding was Amphenol Class A (APH) at 5.2% of the portfolio, followed by Vertiv Class A (VRT, 5.1%) and Ametek (AME, 5.0%). Compared with Q4 2023, it opened 7 new positions, sold out of 2, added to 30 and reduced 69. The biggest buy was a new position in Clean Harbors (CLH) and the biggest sale Zebra Technologies Class A (ZBRA, shares −90%).

Most Recent 13F
Q2 2026
Location
BOISE, ID
CIK
0001067324
Portfolio Value
$1.8B (Q1 2024)
SEC Filing
0001067324-24-000002 ↗ filed Apr 11, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.8B $1.8B Q1 2024 Q2 2024: $1.3B Q2 2024 Q3 2024: $1.5B Q3 2024 Q4 2024: $1.4B Q4 2024 Q1 2025: $1.3B Q1 2025 Q2 2025: $1.4B Q2 2025 Q3 2025: $639.0M Q3 2025 Q4 2025: $617.1M Q4 2025 Q1 2026: $583.7M Q1 2026 Q2 2026: $635.4M Q2 2026

Holdings 139 stocks · $1.8B
APH Amphenol Corp. Class A 5.24% 812,441 $93.7M Reduce -0.3%
VRT Vertiv Holdings Co. Class A 5.07% 1,111,313 $90.8M Reduce -4.9%
AME Ametek Inc. 4.98% 486,877 $89.0M Reduce -0.3%
FISV Fiserv Inc. 4.72% 528,515 $84.5M Add +0.2%
IEX Idex Corp. 3.88% 284,381 $69.4M Reduce -0.1%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 3.69% 263,578 $65.9M Reduce -0.7%
DHR Danaher Corp. 3.66% 262,447 $65.5M Reduce -0.4%
ROP Roper Technologies Inc. 3.33% 106,048 $59.5M Add +0.3%
ATR Aptargroup Inc. 2.96% 368,000 $53.0M Add +1.1%
GGG Graco Inc. 2.93% 561,337 $52.5M Reduce -0.3%
VRSK Verisk Analytics Inc. 2.84% 215,506 $50.8M Reduce -0.3%
LSTR Landstar System Inc. 2.83% 262,106 $50.5M Reduce -0.3%
DCI Donaldson Co. Inc. 2.81% 672,913 $50.3M Reduce -1.3%
XYL Xylem Inc. 2.70% 373,264 $48.2M Add +0.4%
RPM RPM International Inc. 2.61% 392,688 $46.7M Reduce -0.6%
NDSN Nordson Corp. 2.59% 168,627 $46.3M Add +0.4%
CHD Church & Dwight Co. Inc. 2.56% 438,901 $45.8M Add +0.4%
FAST Fastenal Co. 2.29% 531,394 $41.0M Reduce -0.1%
CRL Charles River Laboratories 2.18% 143,924 $39.0M Add +0.7%
PNR Pentair PLC 1.96% 411,168 $35.1M Reduce -1.1%
RRX Regal Rexnord Corp. 1.93% 191,249 $34.4M Add +0.2%
AIZ Assurant Inc. 1.83% 173,850 $32.7M Reduce -0.5%
RBC RBC Bearings Inc. 1.74% 115,183 $31.1M Add +0.9%
CSW CSW Industrials Inc. 1.66% 126,847 $29.8M No change
FIS Fidelity National Info Serv 1.47% 353,713 $26.2M Add +0.3%
FIX Comfort Systems USA Inc. 1.41% 79,245 $25.2M Add +1.3%
FTV Fortive Corp. 1.40% 291,393 $25.1M Add +2.5%
TMO Thermo Fisher Scientific Inc. 1.37% 42,122 $24.5M Add +1.1%
MSA Msa Safety Inc. 1.33% 122,898 $23.8M Add +35.3%
UFPT Ufp Technologies Inc. 1.27% 90,373 $22.8M Add +28.4%
PRFT Perficient Inc. 1.21% 384,256 $21.6M Reduce -0.9%
CNMD Conmed Corp. 1.11% 248,304 $19.9M Add +29.0%
KAI Kadant Inc. 1.10% 60,228 $19.8M Add +2.8%
ZD Ziff Davis Inc. 1.05% 297,651 $18.8M Reduce -1.4%
TFX Teleflex Inc. 0.99% 78,497 $17.8M Reduce -0.6%
CLH Clean Harbors Inc. 0.79% 70,344 $14.2M New
GNRC Generac Holdings Inc. 0.79% 112,216 $14.2M Reduce -9.9%
BSV Vanguard Short-Term Bond ETF 0.77% 180,296 $13.8M Reduce -3.3%
MSM MSC Industrial Direct Co. Class A 0.59% 109,610 $10.6M Reduce -0.6%
WINA Winmark Corp. 0.56% 27,667 $10.0M Add +7.7%
ECL Ecolab Inc. 0.55% 42,608 $9.8M Reduce -1.4%
NVT Nvent Electric PLC 0.49% 116,629 $8.8M Add +85.1%
VCSH Vanguard S/T Corp. Bond ETF 0.48% 111,188 $8.6M Reduce -2.7%
SPGI S&P Global Inc. 0.46% 19,427 $8.3M Reduce -3.9%
VLTO Veralto Corp. 0.43% 86,231 $7.6M Reduce -0.1%
CBSH Commerce Bancshares Inc. 0.40% 133,331 $7.1M Reduce -52.8%
COST Costco Wholesale Corp. 0.36% 8,843 $6.5M Reduce -2.9%
MSFT Microsoft Corp. 0.31% 13,224 $5.6M Add +1.0%
JPM JPMorgan Chase & Co. 0.29% 25,676 $5.1M Reduce -1.9%
XOM Exxon Mobil Corp. 0.25% 38,816 $4.5M Reduce -2.5%
AAPL Apple Inc. 0.25% 25,737 $4.4M Add +1.1%
WAT Waters Corp. 0.22% 11,478 $4.0M Add +0.1%
VUSB Vanguard Ultra Short Bond Et 0.21% 76,083 $3.8M Reduce -4.5%
ADP Automatic Data Processing 0.20% 14,136 $3.5M Reduce -1.0%
JNJ Johnson & Johnson 0.19% 21,386 $3.4M Reduce -0.8%
ABT Abbott Laboratories 0.19% 29,175 $3.3M Reduce -0.3%
USB US Bancorp 0.18% 72,221 $3.2M Reduce -8.9%
ABBV Abbvie Inc. 0.18% 17,414 $3.2M Reduce -1.7%
BND Vanguard Total Bond Market 0.18% 43,479 $3.2M Reduce -7.9%
VGSH Vanguard Short-Term Treasury 0.17% 52,457 $3.0M Reduce -0.7%
ITW Illinois Tool Works 0.16% 10,984 $2.9M Reduce -1.4%
PG The Procter & Gamble Co. 0.16% 17,736 $2.9M Add +2.7%
CTLT Catalent Inc. 0.14% 43,124 $2.4M Reduce -77.5%
VTI VG Morningstar TS MKT ETF-US 0.12% 8,333 $2.2M Add +0.3%
SNA Snap-on Inc. 0.12% 7,276 $2.2M No change
VNT Vontier Corp. 0.12% 46,746 $2.1M Reduce -67.8%
MU Micron Technology Inc. 0.11% 17,276 $2.0M Reduce -3.5%
ZBRA Zebra Technologies Corp. Class A 0.11% 6,388 $1.9M Reduce -90.0%
MOD Modine Manufacturing Co. 0.11% 20,000 $1.9M New
BRK.B Berkshire Hathaway Inc. Class B 0.09% 3,977 $1.7M Add +0.1%
AMGN Amgen Inc. 0.09% 5,404 $1.5M Reduce -1.1%
WMT Walmart Inc. 0.08% 23,402 $1.4M Reduce -1.6%
WFC Wells Fargo & Co. 0.08% 23,943 $1.4M Reduce -11.1%
ROST Ross Stores Inc. 0.08% 9,400 $1.4M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.08% 2,607 $1.4M Add +22.7%
HD Home Depot Inc. 0.07% 3,453 $1.3M Reduce -3.4%
V Visa Inc. Class A 0.07% 4,616 $1.3M Reduce -0.5%
WAB Wabtec Corp. 0.07% 8,796 $1.3M Reduce -6.6%
BIV Vanguard Intermediate-Term B 0.07% 16,817 $1.3M Reduce -25.5%
PEP Pepsico Inc. 0.07% 7,048 $1.2M Reduce -1.4%
SIGI Selective Insurance Group 0.07% 11,066 $1.2M No change
BDX Becton Dickinson and Co. 0.07% 4,761 $1.2M No change
ETN Eaton Corp. PLC 0.06% 3,684 $1.2M No change
RSP Invesco S&P 500 Equal Weight 0.06% 6,507 $1.1M Add +19.1%
MTB M & T Bank Corp. filed as M & T BK CORP 0.06% 7,437 $1.1M Reduce -8.6%
AWK American Water Works Co. Inc. 0.06% 8,570 $1.0M No change
RTX RTX Corp. 0.06% 10,201 $995K Reduce -5.0%
HON Honeywell International Inc. 0.05% 4,081 $838K No change
AMAT Applied Materials Inc. 0.05% 4,010 $827K No change
INTC Intel Corp. 0.04% 17,739 $784K Reduce -0.6%
CNI Canadian Natl Railway Co. 0.04% 5,850 $771K Reduce -0.4%
MCD McDonald's Corp. 0.04% 2,728 $769K Reduce -3.5%
PNC PNC Financial Services Group 0.04% 4,636 $749K Reduce -37.0%
CVX Chevron Corp. 0.04% 4,595 $725K Reduce -16.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.04% 3,672 $701K No change
GOOGL Alphabet Inc. Class A 0.04% 4,521 $682K Add +10.0%
CAT Caterpillar Inc. 0.04% 1,858 $681K No change
FITB Fifth Third Bancorp 0.04% 18,200 $677K No change
NVDA Nvidia Corp. 0.04% 735 $664K New
KO The Coca-Cola Co. 0.04% 10,844 $663K Reduce -1.8%
COF Capital One Financial Corp. 0.04% 4,448 $662K No change
UNP Union Pacific Corp. 0.04% 2,603 $640K No change
IVV iShares Core S&P 500 ETF 0.03% 1,135 $597K No change
MIDD Middleby Corp. 0.03% 3,650 $587K No change
MRK Merck & Co. Inc. 0.03% 4,445 $587K Reduce -6.3%
ACIW Aci Worldwide Inc. 0.03% 17,305 $575K Reduce -76.3%
VOO Vanguard S&P 500 ETF 0.03% 1,168 $561K No change
CARR Carrier Global Corp. 0.03% 9,307 $541K Reduce -13.3%
CSX CSX Corp. 0.03% 13,800 $512K No change
RY Royal Bank of Canada 0.03% 4,749 $479K No change
DGX Quest Diagnostics Inc. 0.03% 3,450 $459K No change
AXP American Express Co. 0.02% 1,900 $433K Reduce -5.0%
TRV The Travelers Cos Inc. 0.02% 1,820 $419K No change
CHRW C.H. Robinson Worldwide Inc. 0.02% 5,500 $419K No change
MA Mastercard Inc. Class A 0.02% 806 $388K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.02% 10,133 $384K Reduce -1.5%
EMR Emerson Electric Co. 0.02% 3,300 $374K No change
QQQ Invesco QQQ Trust Series 1 0.02% 817 $363K No change
HSIC Henry Schein Inc. 0.02% 4,700 $355K Reduce -20.3%
TSLA Tesla Inc. 0.02% 1,997 $351K Reduce -7.0%
PAYX Paychex Inc. 0.02% 2,826 $347K No change
VCIT Vanguard Int-Term Corporate 0.02% 4,310 $347K Reduce -35.5%
AMZN Amazon.com Inc. 0.02% 1,856 $335K Add +19.3%
VZ Verizon Communications Inc. 0.02% 7,588 $318K Add +7.0%
GOOG Alphabet Inc. Class C 0.02% 2,089 $318K Reduce -5.3%
LLY Eli Lilly & Co. 0.02% 385 $300K No change
OTIS Otis Worldwide Corp. 0.02% 2,950 $293K Reduce -6.7%
TFC Truist Financial Corp. 0.02% 7,178 $280K No change
SYK Stryker Corp. 0.02% 756 $271K No change
PFE Pfizer Inc. 0.01% 9,619 $267K Reduce -7.1%
RSG Republic Services Inc. 0.01% 1,315 $252K No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.01% 2,835 $251K No change
CSCO Cisco Systems Inc. 0.01% 4,998 $249K Reduce -0.0%
IDA Idacorp Inc. 0.01% 2,677 $249K No change
GE General Electric 0.01% 1,403 $246K New
NFLX Netflix Inc. 0.01% 400 $243K New
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.01% 1,950 $238K New
GIS General Mills Inc. 0.01% 3,317 $232K No change
PRU Prudential Financial Inc. 0.01% 1,840 $216K New

Portfolio Sells Q4 2023 → Q1 2024
ZBRA Zebra Technologies Corp. Class A Reduce -90.0% 0.11% −0.97
CBSH Commerce Bancshares Inc. Reduce -52.8% 0.40% −0.54
CTLT Catalent Inc. Reduce -77.5% 0.14% −0.40
PRFT Perficient Inc. Reduce -0.9% 1.21% −0.37
VRSK Verisk Analytics Inc. Reduce -0.3% 2.84% −0.36
LSTR Landstar System Inc. Reduce -0.3% 2.83% −0.33
TFX Teleflex Inc. Reduce -0.6% 0.99% −0.23
ZD Ziff Davis Inc. Reduce -1.4% 1.05% −0.21
GNRC Generac Holdings Inc. Reduce -9.9% 0.79% −0.21
VNT Vontier Corp. Reduce -67.8% 0.12% −0.19
RPM RPM International Inc. Reduce -0.6% 2.61% −0.12
BSV Vanguard Short-Term Bond ETF Reduce -3.3% 0.77% −0.12
DHR Danaher Corp. Reduce -0.4% 3.66% −0.11
ACIW Aci Worldwide Inc. Reduce -76.3% 0.03% −0.11
MSM MSC Industrial Direct Co. Class A Reduce -0.6% 0.59% −0.10
GGG Graco Inc. Reduce -0.3% 2.93% −0.09
SPGI S&P Global Inc. Reduce -3.9% 0.46% −0.09
VCSH Vanguard S/T Corp. Bond ETF Reduce -2.7% 0.48% −0.07
BND Vanguard Total Bond Market Reduce -7.9% 0.18% −0.04
BIV Vanguard Intermediate-Term B Reduce -25.5% 0.07% −0.04
VUSB Vanguard Ultra Short Bond Et Reduce -4.5% 0.21% −0.03
USB US Bancorp Reduce -8.9% 0.18% −0.03
PNC PNC Financial Services Group Reduce -37.0% 0.04% −0.03
VGSH Vanguard Short-Term Treasury Reduce -0.7% 0.17% −0.02
JNJ Johnson & Johnson Reduce -0.8% 0.19% −0.02
ITW Illinois Tool Works Reduce -1.4% 0.16% −0.02
VCIT Vanguard Int-Term Corporate Reduce -35.5% 0.02% −0.01
ABT Abbott Laboratories Reduce -0.3% 0.19% −0.01
TSLA Tesla Inc. Reduce -7.0% 0.02% −0.01
AJG Arthur J Gallagher & Co. Reduce -0.7% 3.69% −0.01
CL Colgate-Palmolive Co. Sold out 0.00% −0.01
SBUX Starbucks Corp. Sold out 0.00% −0.01
VLTO Veralto Corp. Reduce -0.1% 0.43% −0.01
INTC Intel Corp. Reduce -0.6% 0.04% −0.01
AMGN Amgen Inc. Reduce -1.1% 0.09% −0.01
CVX Chevron Corp. Reduce -16.0% 0.04% −0.01
COST Costco Wholesale Corp. Reduce -2.9% 0.36% −0.01
MCD McDonald's Corp. Reduce -3.5% 0.04% −0.01
ADP Automatic Data Processing Reduce -1.0% 0.20% −0.01
MTB M & T Bank Corp. Reduce -8.6% 0.06% −0.01
CARR Carrier Global Corp. Reduce -13.3% 0.03% −0.01
AME Ametek Inc. Reduce -0.3% 4.98% −0.01
HSIC Henry Schein Inc. Reduce -20.3% 0.02% −0.01
PEP Pepsico Inc. Reduce -1.4% 0.07% −0.01
WFC Wells Fargo & Co. Reduce -11.1% 0.08% −0.00
PFE Pfizer Inc. Reduce -7.1% 0.01% −0.00
KO The Coca-Cola Co. Reduce -1.8% 0.04% −0.00
V Visa Inc. Class A Reduce -0.5% 0.07% −0.00
HD Home Depot Inc. Reduce -3.4% 0.07% −0.00
CNI Canadian Natl Railway Co. Reduce -0.4% 0.04% −0.00

Portfolio Buys Q4 2023 → Q1 2024
CLH Clean Harbors Inc. New 0.79% +0.79
UFPT Ufp Technologies Inc. Add +28.4% 1.27% +0.52
FIX Comfort Systems USA Inc. Add +1.3% 1.41% +0.41
FISV Fiserv Inc. Add +0.2% 4.72% +0.38
MSA Msa Safety Inc. Add +35.3% 1.33% +0.38
NVT Nvent Electric PLC Add +85.1% 0.49% +0.26
RRX Regal Rexnord Corp. Add +0.2% 1.93% +0.18
ATR Aptargroup Inc. Add +1.1% 2.96% +0.17
FIS Fidelity National Info Serv Add +0.3% 1.47% +0.15
MOD Modine Manufacturing Co. New 0.11% +0.11
FTV Fortive Corp. Add +2.5% 1.40% +0.11
CRL Charles River Laboratories Add +0.7% 2.18% +0.09
KAI Kadant Inc. Add +2.8% 1.10% +0.09
XYL Xylem Inc. Add +0.4% 2.70% +0.06
NVDA Nvidia Corp. New 0.04% +0.04
GE General Electric New 0.01% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +22.7% 0.08% +0.01
NFLX Netflix Inc. New 0.01% +0.01
TROW T Rowe Price Group Inc. New 0.01% +0.01
PRU Prudential Financial Inc. New 0.01% +0.01
RSP Invesco S&P 500 Equal Weight Add +19.1% 0.06% +0.01
MSFT Microsoft Corp. Add +1.0% 0.31% +0.01
BRK.B Berkshire Hathaway Inc. Class B Add +0.1% 0.09% +0.01
PG The Procter & Gamble Co. Add +2.7% 0.16% +0.00
AMZN Amazon.com Inc. Add +19.3% 0.02% +0.00
GOOGL Alphabet Inc. Class A Add +10.0% 0.04% +0.00
VZ Verizon Communications Inc. Add +7.0% 0.02% +0.00
VTI VG Morningstar TS MKT ETF-US Add +0.3% 0.12% −0.00
TMO Thermo Fisher Scientific Inc. Add +1.1% 1.37% −0.00
CHD Church & Dwight Co. Inc. Add +0.4% 2.56% −0.00
WAT Waters Corp. Add +0.1% 0.22% −0.01
AAPL Apple Inc. Add +1.1% 0.25% −0.06
WINA Winmark Corp. Add +7.7% 0.56% −0.10
NDSN Nordson Corp. Add +0.4% 2.59% −0.16
CNMD Conmed Corp. Add +29.0% 1.11% −0.19
ROP Roper Technologies Inc. Add +0.3% 3.33% −0.25
RBC RBC Bearings Inc. Add +0.9% 1.74% −0.27

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 146$635.4MAPH, AME, VRT, IEX, DHR
Q1 2026 141$583.7MAPH, AME, DHR, IEX, VRT
Q4 2025 144$617.1MAPH, AME, DHR, TMO, IEX
Q3 2025 144$639.0MAPH, AME, FISV, DHR, AJG
Q2 2025 139$1.4BAPH, FISV, AME, AJG, VRT
Q1 2025 140$1.3BFISV, APH, AME, AJG, ROP
Q4 2024 136$1.4BFISV, APH, AME, AJG, IEX
Q3 2024 142$1.5BFISV, APH, AME, DHR, AJG
Q2 2024 138$1.3BAPH, FISV, AME, DHR, AJG
Q1 2024 139$1.8BAPH, VRT, AME, FISV, IEX