Mountain Pacific Investment Advisers LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 17, 2025), Mountain Pacific Investment Advisers LLC reported 140 stock positions worth $1.3 billion. Its top holding was Fiserv (FISV) at 7.2% of the portfolio, followed by Amphenol Class A (APH, 5.3%) and Ametek (AME, 4.7%). Compared with Q4 2024, it opened 5 new positions, sold out of 1, added to 18 and reduced 89. The biggest buy was a new position in Merit Medical Systems (MMSI) and the biggest sale Vertiv Class A (VRT, shares −5%).

Most Recent 13F
Q2 2026
Location
BOISE, ID
CIK
0001067324
Portfolio Value
$1.3B (Q1 2025)
SEC Filing
0001067324-25-000002 ↗ filed Apr 17, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $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 $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 140 stocks · $1.3B
FISV Fiserv Inc. 7.18% 437,504 $96.6M Reduce -3.7%
APH Amphenol Corp. Class A 5.28% 1,082,390 $71.0M Reduce -1.6%
AME Ametek Inc. 4.66% 363,926 $62.6M Reduce -1.5%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 4.65% 181,271 $62.6M Reduce -4.7%
ROP Roper Technologies Inc. 3.82% 87,045 $51.3M Reduce -0.2%
VRSK Verisk Analytics Inc. 3.59% 162,209 $48.3M Reduce -5.4%
ATR Aptargroup Inc. 3.39% 307,245 $45.6M Add +2.8%
IEX Idex Corp. 3.26% 242,135 $43.8M Reduce -0.8%
DHR Danaher Corp. 3.17% 208,315 $42.7M Reduce -0.9%
XYL Xylem Inc. 2.78% 313,152 $37.4M Add +0.7%
GGG Graco Inc. 2.73% 439,637 $36.7M Reduce -0.2%
CHD Church & Dwight Co. Inc. 2.40% 292,744 $32.2M Reduce -5.4%
AIZ Assurant Inc. 2.34% 150,271 $31.5M Reduce -0.0%
DCI Donaldson Co. Inc. 2.25% 451,193 $30.3M Reduce -4.2%
FAST Fastenal Co. 2.24% 388,918 $30.2M Reduce -0.6%
VRT Vertiv Holdings Co. Class A 2.17% 404,886 $29.2M Reduce -5.1%
RBC RBC Bearings Inc. 2.15% 89,708 $28.9M Reduce -0.8%
LSTR Landstar System Inc. 2.09% 186,967 $28.1M Reduce -1.1%
NDSN Nordson Corp. 2.07% 137,764 $27.8M Add +3.1%
RPM RPM International Inc. 2.07% 240,226 $27.8M Reduce -1.1%
FIS Fidelity National Info Serv 1.99% 358,041 $26.7M Reduce -1.7%
CSW CSW Industrials Inc. 1.96% 90,336 $26.3M Reduce -10.3%
FIX Comfort Systems USA Inc. 1.85% 77,381 $24.9M Reduce -5.4%
CLH Clean Harbors Inc. 1.57% 106,983 $21.1M Add +8.0%
TMO Thermo Fisher Scientific Inc. 1.55% 41,926 $20.9M Reduce -1.6%
CRL Charles River Laboratories 1.53% 136,451 $20.5M Reduce -1.6%
MSA Msa Safety Inc. 1.51% 138,098 $20.3M Add +1.0%
UFPT Ufp Technologies Inc. 1.42% 94,578 $19.1M Add +1.4%
KAI Kadant Inc. 1.41% 56,460 $19.0M Reduce -0.7%
FTV Fortive Corp. 1.30% 239,244 $17.5M Reduce -12.0%
FCN Fti Consulting Inc. 1.30% 106,415 $17.5M Add +13.4%
BSV Vanguard Short-Term Bond ETF 1.03% 176,852 $13.8M Reduce -0.0%
AIT Applied Industrial Tech Inc. 1.02% 60,710 $13.7M Add +31.5%
NVT Nvent Electric PLC 0.81% 208,188 $10.9M Add +8.4%
WINA Winmark Corp. 0.73% 30,848 $9.8M Reduce -0.7%
COST Costco Wholesale Corp. 0.71% 10,083 $9.5M Reduce -3.3%
ECL Ecolab Inc. 0.68% 35,915 $9.1M Reduce -3.0%
CNMD Conmed Corp. 0.61% 134,836 $8.1M Reduce -2.2%
SPGI S&P Global Inc. 0.60% 15,975 $8.1M Reduce -5.0%
VCSH Vanguard S/T Corp. Bond ETF 0.59% 100,113 $7.9M Reduce -0.1%
MMSI Merit Medical Systems Inc. 0.55% 70,069 $7.4M New
PRGS Progress Software Corp. 0.52% 136,623 $7.0M New
MUSA Murphy USA Inc. 0.45% 12,991 $6.1M New
JPM JPMorgan Chase & Co. 0.42% 22,864 $5.6M Reduce -1.3%
VLTO Veralto Corp. 0.41% 57,086 $5.6M Reduce -0.8%
RRX Regal Rexnord Corp. 0.39% 46,051 $5.2M Reduce -36.2%
AAPL Apple Inc. 0.37% 22,613 $5.0M Reduce -2.3%
MSFT Microsoft Corp. 0.34% 12,335 $4.6M Reduce -1.1%
XOM Exxon Mobil Corp. 0.33% 37,298 $4.4M Reduce -1.1%
MOD Modine Manufacturing Co. 0.30% 53,369 $4.1M Add +18.3%
ADP Automatic Data Processing 0.30% 13,381 $4.1M Reduce -3.6%
WAT Waters Corp. 0.28% 10,181 $3.8M Reduce -4.5%
ABBV Abbvie Inc. 0.27% 17,508 $3.7M Reduce -0.6%
ABT Abbott Laboratories 0.27% 26,890 $3.6M Add +1.0%
BND Vanguard Total Bond Market 0.26% 46,700 $3.4M Reduce -0.2%
PNR Pentair PLC 0.25% 38,240 $3.3M Reduce -2.2%
USB US Bancorp 0.24% 76,054 $3.2M Reduce -0.0%
ZD Ziff Davis Inc. 0.23% 82,163 $3.1M Reduce -48.7%
VGSH Vanguard Short-Term Treasury 0.22% 50,641 $3.0M Add +17.7%
JNJ Johnson & Johnson 0.20% 16,628 $2.8M Reduce -9.8%
VUSB Vanguard Ultra Short Bond Et 0.20% 54,513 $2.7M Reduce -2.0%
PG The Procter & Gamble Co. 0.18% 14,443 $2.5M Reduce -3.3%
ITW Illinois Tool Works 0.18% 9,801 $2.4M Reduce -5.9%
SNA Snap-on Inc. 0.18% 7,176 $2.4M No change
TFX Teleflex Inc. 0.16% 15,327 $2.1M Reduce -79.8%
CBSH Commerce Bancshares Inc. 0.15% 32,963 $2.1M Reduce -1.7%
AMGN Amgen Inc. 0.15% 6,434 $2.0M Add +1.7%
WMT Walmart Inc. 0.14% 21,674 $1.9M Reduce -2.3%
GNRC Generac Holdings Inc. 0.14% 14,698 $1.9M Reduce -1.1%
RSP Invesco S&P 500 Equal Weight 0.12% 9,587 $1.7M Add +0.9%
BRK.A Berkshire Hathaway Inc. Class A 0.12% 2 $1.6M New
WAB Wabtec Corp. 0.11% 8,459 $1.5M No change
ZBRA Zebra Technologies Corp. Class A 0.11% 5,356 $1.5M Reduce -2.4%
MU Micron Technology Inc. 0.10% 15,222 $1.3M Reduce -8.5%
VNT Vontier Corp. 0.10% 39,053 $1.3M Reduce -8.6%
WFC Wells Fargo & Co. 0.09% 17,634 $1.3M Reduce -0.4%
RTX RTX Corp. 0.09% 9,331 $1.2M Reduce -2.1%
BIV Vanguard Intermediate-Term B 0.09% 15,836 $1.2M Reduce -2.5%
V Visa Inc. Class A 0.09% 3,391 $1.2M Reduce -9.4%
SPY SS SPDR S&P 500 ETF Trust-US 0.09% 2,122 $1.2M Add +0.1%
ROST Ross Stores Inc. 0.09% 9,200 $1.2M Add +1.1%
HD Home Depot Inc. 0.08% 2,869 $1.1M No change
MTB M & T Bank Corp. filed as M & T BK CORP 0.08% 5,670 $1.0M Reduce -0.4%
BRK.B Berkshire Hathaway Inc. Class B 0.07% 1,883 $1.0M Reduce -2.2%
ETN Eaton Corp. PLC 0.07% 3,434 $933K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 3,672 $913K No change
BDX Becton Dickinson and Co. 0.07% 3,968 $909K Reduce -1.2%
AWK American Water Works Co. Inc. 0.07% 6,100 $900K Reduce -6.2%
ACIW Aci Worldwide Inc. 0.06% 15,663 $857K Reduce -0.9%
SIGI Selective Insurance Group 0.06% 8,998 $824K Reduce -10.7%
PEP Pepsico Inc. 0.06% 5,419 $813K Reduce -9.4%
COF Capital One Financial Corp. 0.06% 4,448 $798K No change
VTI VG Morningstar TS MKT ETF-US 0.06% 2,751 $756K Reduce -3.2%
MCD McDonald's Corp. 0.06% 2,408 $752K Reduce -7.7%
CHRW C.H. Robinson Worldwide Inc. 0.05% 7,000 $717K No change
FITB Fifth Third Bancorp 0.05% 18,200 $713K No change
CAT Caterpillar Inc. 0.05% 2,103 $694K Reduce -2.5%
RY Royal Bank of Canada 0.05% 5,694 $642K No change
UNP Union Pacific Corp. 0.05% 2,671 $631K No change
AMAT Applied Materials Inc. 0.04% 4,010 $582K No change
VOO Vanguard S&P 500 ETF 0.04% 1,125 $578K No change
KO The Coca-Cola Co. 0.04% 7,874 $564K Reduce -4.8%
HON Honeywell International Inc. 0.04% 2,626 $556K No change
CNI Canadian Natl Railway Co. 0.04% 5,250 $512K Reduce -10.3%
GOOGL Alphabet Inc. Class A 0.04% 3,200 $495K Reduce -18.8%
DGX Quest Diagnostics Inc. 0.04% 2,900 $491K No change
MIDD Middleby Corp. 0.04% 3,205 $487K Reduce -1.4%
MSM MSC Industrial Direct Co. Class A 0.04% 6,203 $482K Reduce -4.6%
TRV The Travelers Cos Inc. 0.04% 1,820 $481K No change
PNC PNC Financial Services Group 0.04% 2,734 $481K Reduce -1.9%
CARR Carrier Global Corp. 0.03% 7,130 $452K Reduce -2.7%
AXP American Express Co. 0.03% 1,645 $443K Reduce -10.8%
PAYX Paychex Inc. 0.03% 2,826 $436K No change
CVX Chevron Corp. 0.03% 2,592 $434K Reduce -9.6%
TSLA Tesla Inc. 0.03% 1,648 $427K Reduce -10.8%
QQQ Invesco QQQ Trust Series 1 0.03% 871 $408K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.03% 9,743 $407K Reduce -9.7%
CSX CSX Corp. 0.03% 13,800 $406K No change
NFLX Netflix Inc. 0.03% 400 $373K No change
EMR Emerson Electric Co. 0.03% 3,300 $362K No change
GOOG Alphabet Inc. Class C 0.03% 2,250 $351K Reduce -3.9%
MA Mastercard Inc. Class A 0.03% 630 $345K No change
AMZN Amazon.com Inc. 0.03% 1,790 $341K Reduce -1.6%
NVDA Nvidia Corp. 0.02% 3,090 $335K Reduce -11.5%
CSCO Cisco Systems Inc. 0.02% 5,372 $331K Add +5.9%
MRK Merck & Co. Inc. 0.02% 3,641 $327K Reduce -19.8%
RSG Republic Services Inc. 0.02% 1,310 $317K No change
HSIC Henry Schein Inc. 0.02% 4,500 $308K Reduce -4.3%
COP Conocophillips 0.02% 2,916 $306K No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.02% 4,252 $303K No change
LLY Eli Lilly & Co. 0.02% 355 $293K No change
OTIS Otis Worldwide Corp. 0.02% 2,690 $278K Reduce -3.6%
SYK Stryker Corp. 0.02% 741 $276K No change
PRU Prudential Financial Inc. 0.02% 2,240 $250K No change
VZ Verizon Communications Inc. 0.02% 5,415 $246K Reduce -8.4%
INTC Intel Corp. 0.02% 10,291 $234K Reduce -8.9%
GE General Electric filed as GE AEROSPACE 0.02% 1,139 $228K Reduce -7.2%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.02% 2,415 $222K Add +23.9%
TFC Truist Financial Corp. 0.02% 5,366 $221K No change
FNF Fidelity National Financial 0.02% 3,300 $215K New

Portfolio Sells Q4 2024 → Q1 2025
VRT Vertiv Holdings Co. Class A Reduce -5.1% 2.17% −1.24
TFX Teleflex Inc. Reduce -79.8% 0.16% −0.79
FIX Comfort Systems USA Inc. Reduce -5.4% 1.85% −0.59
CSW CSW Industrials Inc. Reduce -10.3% 1.96% −0.54
RRX Regal Rexnord Corp. Reduce -36.2% 0.39% −0.40
ZD Ziff Davis Inc. Reduce -48.7% 0.23% −0.38
IEX Idex Corp. Reduce -0.8% 3.26% −0.34
CRL Charles River Laboratories Reduce -1.6% 1.53% −0.27
DHR Danaher Corp. Reduce -0.9% 3.17% −0.22
LSTR Landstar System Inc. Reduce -1.1% 2.09% −0.20
FTV Fortive Corp. Reduce -12.0% 1.30% −0.13
WINA Winmark Corp. Reduce -0.7% 0.73% −0.13
APH Amphenol Corp. Class A Reduce -1.6% 5.28% −0.09
FIS Fidelity National Info Serv Reduce -1.7% 1.99% −0.08
CNMD Conmed Corp. Reduce -2.2% 0.61% −0.06
ZBRA Zebra Technologies Corp. Class A Reduce -2.4% 0.11% −0.04
RPM RPM International Inc. Reduce -1.1% 2.07% −0.04
AAPL Apple Inc. Reduce -2.3% 0.37% −0.03
PNR Pentair PLC Reduce -2.2% 0.25% −0.03
AME Ametek Inc. Reduce -1.5% 4.66% −0.03
MSFT Microsoft Corp. Reduce -1.1% 0.34% −0.03
GNRC Generac Holdings Inc. Reduce -1.1% 0.14% −0.02
TSLA Tesla Inc. Reduce -10.8% 0.03% −0.02
USB US Bancorp Reduce -0.0% 0.24% −0.02
PFE Pfizer Inc. Sold out 0.00% −0.02
GOOGL Alphabet Inc. Class A Reduce -18.8% 0.04% −0.02
VNT Vontier Corp. Reduce -8.6% 0.10% −0.01
TMO Thermo Fisher Scientific Inc. Reduce -1.6% 1.55% −0.01
NVDA Nvidia Corp. Reduce -11.5% 0.02% −0.01
MRK Merck & Co. Inc. Reduce -19.8% 0.02% −0.01
AXP American Express Co. Reduce -10.8% 0.03% −0.01
GOOG Alphabet Inc. Class C Reduce -3.9% 0.03% −0.01
ITW Illinois Tool Works Reduce -5.9% 0.18% −0.01
SIGI Selective Insurance Group Reduce -10.7% 0.06% −0.01
CNI Canadian Natl Railway Co. Reduce -10.3% 0.04% −0.00
PEP Pepsico Inc. Reduce -9.4% 0.06% −0.00
CAT Caterpillar Inc. Reduce -2.5% 0.05% −0.00
BAC Bank of America Corp. Reduce -9.7% 0.03% −0.00
AMZN Amazon.com Inc. Reduce -1.6% 0.03% −0.00
PNC PNC Financial Services Group Reduce -1.9% 0.04% −0.00
VTI VG Morningstar TS MKT ETF-US Reduce -3.2% 0.06% −0.00
CARR Carrier Global Corp. Reduce -2.7% 0.03% −0.00
MU Micron Technology Inc. Reduce -8.5% 0.10% −0.00
MTB M & T Bank Corp. Reduce -0.4% 0.08% 0.00
HSIC Henry Schein Inc. Reduce -4.3% 0.02% 0.00
WMT Walmart Inc. Reduce -2.3% 0.14% +0.00
WAT Waters Corp. Reduce -4.5% 0.28% +0.00
VLTO Veralto Corp. Reduce -0.8% 0.41% +0.00
INTC Intel Corp. Reduce -8.9% 0.02% +0.00
VZ Verizon Communications Inc. Reduce -8.4% 0.02% +0.00

Portfolio Buys Q4 2024 → Q1 2025
MMSI Merit Medical Systems Inc. New 0.55% +0.55
PRGS Progress Software Corp. New 0.52% +0.52
MUSA Murphy USA Inc. New 0.45% +0.45
XYL Xylem Inc. Add +0.7% 2.78% +0.24
AIT Applied Industrial Tech Inc. Add +31.5% 1.02% +0.24
BRK.A Berkshire Hathaway Inc. Class A New 0.12% +0.12
NDSN Nordson Corp. Add +3.1% 2.07% +0.10
ATR Aptargroup Inc. Add +2.8% 3.39% +0.09
ABT Abbott Laboratories Add +1.0% 0.27% +0.05
VGSH Vanguard Short-Term Treasury Add +17.7% 0.22% +0.04
FCN Fti Consulting Inc. Add +13.4% 1.30% +0.04
AMGN Amgen Inc. Add +1.7% 0.15% +0.03
FNF Fidelity National Financial New 0.02% +0.02
RSP Invesco S&P 500 Equal Weight Add +0.9% 0.12% +0.01
CSCO Cisco Systems Inc. Add +5.9% 0.02% +0.00
TROW T Rowe Price Group Inc. Add +23.9% 0.02% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +0.1% 0.09% +0.00
ROST Ross Stores Inc. Add +1.1% 0.09% −0.01
CLH Clean Harbors Inc. Add +8.0% 1.57% −0.04
MOD Modine Manufacturing Co. Add +18.3% 0.30% −0.06
MSA Msa Safety Inc. Add +1.0% 1.51% −0.09
NVT Nvent Electric PLC Add +8.4% 0.81% −0.11
UFPT Ufp Technologies Inc. Add +1.4% 1.42% −0.19

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