Mountain Pacific Investment Advisers LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 18, 2025), Mountain Pacific Investment Advisers LLC reported 139 stock positions worth $1.4 billion. Its top holding was Amphenol Class A (APH) at 6.9% of the portfolio, followed by Fiserv (FISV, 5.3%) and Ametek (AME, 4.7%). Compared with Q1 2025, it opened 4 new positions, sold out of 6, added to 20 and reduced 79. The biggest buy was Progress Software (PRGS, shares +67%) and the biggest sale Fiserv (FISV, shares −3%).

Most Recent 13F
Q2 2026
Location
BOISE, ID
CIK
0001067324
Portfolio Value
$1.4B (Q2 2025)
SEC Filing
0001067324-25-000005 ↗ filed Jul 18, 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 Q1 2025 Q2 2025: $1.4B $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 · $1.4B
APH Amphenol Corp. Class A 6.88% 960,846 $94.9M Reduce -11.2%
FISV Fiserv Inc. 5.32% 425,413 $73.3M Reduce -2.8%
AME Ametek Inc. 4.67% 355,710 $64.4M Reduce -2.3%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 4.09% 175,977 $56.3M Reduce -2.9%
VRT Vertiv Holdings Co. Class A 3.70% 397,681 $51.1M Reduce -1.8%
VRSK Verisk Analytics Inc. 3.59% 158,935 $49.5M Reduce -2.0%
ROP Roper Technologies Inc. 3.55% 86,231 $48.9M Reduce -0.9%
ATR Aptargroup Inc. 3.44% 303,044 $47.4M Reduce -1.4%
IEX Idex Corp. 3.07% 241,343 $42.4M Reduce -0.3%
FIX Comfort Systems USA Inc. 2.99% 76,960 $41.3M Reduce -0.5%
DHR Danaher Corp. 2.92% 203,943 $40.3M Reduce -2.1%
XYL Xylem Inc. 2.92% 310,915 $40.2M Reduce -0.7%
GGG Graco Inc. 2.72% 436,039 $37.5M Reduce -0.8%
RBC RBC Bearings Inc. 2.50% 89,654 $34.5M Reduce -0.1%
FAST Fastenal Co. 2.33% 765,899 $32.2M Reduce -1.5%
AIZ Assurant Inc. 2.17% 151,558 $29.9M Add +0.9%
DCI Donaldson Co. Inc. 2.15% 427,196 $29.6M Reduce -5.3%
NDSN Nordson Corp. 2.13% 136,730 $29.3M Reduce -0.8%
FIS Fidelity National Info Serv 2.07% 349,772 $28.5M Reduce -2.3%
CHD Church & Dwight Co. Inc. 1.99% 285,510 $27.4M Reduce -2.5%
RPM RPM International Inc. 1.91% 239,197 $26.3M Reduce -0.4%
CSW CSW Industrials Inc. 1.88% 90,336 $25.9M No change
LSTR Landstar System Inc. 1.82% 180,014 $25.0M Reduce -3.7%
CLH Clean Harbors Inc. 1.79% 107,011 $24.7M Add +0.0%
UFPT Ufp Technologies Inc. 1.75% 98,910 $24.1M Add +4.6%
MSA Msa Safety Inc. 1.67% 137,324 $23.0M Reduce -0.6%
KAI Kadant Inc. 1.30% 56,329 $17.9M Reduce -0.2%
FCN Fti Consulting Inc. 1.24% 106,257 $17.2M Reduce -0.1%
TMO Thermo Fisher Scientific Inc. 1.18% 40,170 $16.3M Reduce -4.2%
NVT Nvent Electric PLC 1.11% 209,717 $15.4M Add +0.7%
PRGS Progress Software Corp. 1.05% 227,626 $14.5M Add +66.6%
AIT Applied Industrial Tech Inc. 1.03% 61,137 $14.2M Add +0.7%
BSV Vanguard Short-Term Bond ETF 0.99% 174,076 $13.7M Reduce -1.6%
WINA Winmark Corp. 0.93% 33,797 $12.8M Add +9.6%
FTV Fortive Corp. 0.81% 213,779 $11.1M Reduce -10.6%
MUSA Murphy USA Inc. 0.78% 26,441 $10.8M Add +103.5%
COST Costco Wholesale Corp. 0.72% 10,073 $10.0M Reduce -0.1%
ECL Ecolab Inc. 0.66% 33,815 $9.1M Reduce -5.8%
MMSI Merit Medical Systems Inc. 0.64% 93,966 $8.8M Add +34.1%
VCSH Vanguard S/T Corp. Bond ETF 0.55% 95,048 $7.6M Reduce -5.1%
SPGI S&P Global Inc. 0.55% 14,312 $7.5M Reduce -10.4%
CNMD Conmed Corp. 0.53% 139,795 $7.3M Add +3.7%
JPM JPMorgan Chase & Co. 0.46% 22,057 $6.4M Reduce -3.5%
MSFT Microsoft Corp. 0.44% 12,298 $6.1M Reduce -0.3%
VLTO Veralto Corp. 0.41% 55,370 $5.6M Reduce -3.0%
LRN Stride Inc. 0.39% 37,256 $5.4M New
MOD Modine Manufacturing Co. 0.38% 53,354 $5.3M Reduce -0.0%
XOM Exxon Mobil Corp. 0.29% 37,498 $4.0M Add +0.5%
ADP Automatic Data Processing 0.29% 12,931 $4.0M Reduce -3.4%
PNR Pentair PLC 0.28% 37,915 $3.9M Reduce -0.8%
AAPL Apple Inc. 0.27% 18,353 $3.8M Reduce -18.8%
RAL Ralliant Corp. 0.25% 71,253 $3.5M Reduce -10.6%
ABT Abbott Laboratories 0.25% 25,390 $3.5M Reduce -5.6%
BND Vanguard Total Bond Market 0.25% 46,200 $3.4M Reduce -1.1%
WAT Waters Corp. 0.23% 8,891 $3.1M Reduce -12.7%
VGSH Vanguard Short-Term Treasury 0.22% 52,505 $3.1M Add +3.7%
ABBV Abbvie Inc. 0.22% 16,307 $3.0M Reduce -6.9%
USB US Bancorp 0.20% 59,696 $2.7M Reduce -21.5%
VUSB Vanguard Ultra Short Bond Et 0.20% 53,988 $2.7M Reduce -1.0%
JNJ Johnson & Johnson 0.18% 16,203 $2.5M Reduce -2.6%
ITW Illinois Tool Works 0.17% 9,561 $2.4M Reduce -2.5%
SNA Snap-on Inc. 0.16% 7,176 $2.2M No change
PG The Procter & Gamble Co. 0.16% 13,681 $2.2M Reduce -5.3%
WMT Walmart Inc. 0.15% 21,690 $2.1M Add +0.1%
GNRC Generac Holdings Inc. 0.15% 14,533 $2.1M Reduce -1.1%
RRX Regal Rexnord Corp. 0.14% 13,710 $2.0M Reduce -70.2%
CBSH Commerce Bancshares Inc. 0.14% 30,168 $1.9M Reduce -8.5%
AMGN Amgen Inc. 0.13% 6,374 $1.8M Reduce -0.9%
RSP Invesco S&P 500 Equal Weight 0.12% 9,407 $1.7M Reduce -1.9%
WAB Wabtec Corp. 0.12% 8,060 $1.7M Reduce -4.7%
MU Micron Technology Inc. 0.11% 12,622 $1.6M Reduce -17.1%
ZBRA Zebra Technologies Corp. Class A 0.11% 5,012 $1.5M Reduce -6.4%
VNT Vontier Corp. 0.11% 40,343 $1.5M Add +3.3%
BRK.A Berkshire Hathaway Inc. Class A 0.11% 2 $1.5M No change
TFX Teleflex Inc. 0.10% 11,448 $1.4M Reduce -25.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.10% 2,122 $1.3M No change
ETN Eaton Corp. PLC 0.09% 3,434 $1.2M No change
RTX RTX Corp. 0.09% 8,214 $1.2M Reduce -12.0%
ROST Ross Stores Inc. 0.09% 9,200 $1.2M No change
WFC Wells Fargo & Co. 0.08% 14,338 $1.1M Reduce -18.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.08% 3,672 $1.1M No change
BIV Vanguard Intermediate-Term B 0.08% 13,758 $1.1M Reduce -13.1%
HD Home Depot Inc. 0.08% 2,869 $1.1M No change
COF Capital One Financial Corp. 0.07% 4,651 $990K Add +4.6%
V Visa Inc. Class A 0.06% 2,441 $867K Reduce -28.0%
VTI VG Morningstar TS MKT ETF-US 0.06% 2,751 $836K No change
CAT Caterpillar Inc. 0.06% 2,153 $836K Add +2.4%
AWK American Water Works Co. Inc. 0.06% 5,900 $821K Reduce -3.3%
BRK.B Berkshire Hathaway Inc. Class B 0.06% 1,658 $805K Reduce -11.9%
FITB Fifth Third Bancorp 0.05% 18,200 $749K No change
MTB M & T Bank Corp. filed as M & T BK CORP 0.05% 3,787 $735K Reduce -33.2%
AMAT Applied Materials Inc. 0.05% 4,010 $734K No change
ACIW Aci Worldwide Inc. 0.05% 15,663 $719K No change
MCD McDonald's Corp. 0.05% 2,408 $704K No change
SIGI Selective Insurance Group 0.05% 8,052 $698K Reduce -10.5%
PEP Pepsico Inc. 0.05% 5,119 $676K Reduce -5.5%
LLY Eli Lilly & Co. 0.05% 844 $658K Add +137.8%
RY Royal Bank of Canada 0.05% 4,749 $625K Reduce -16.6%
HON Honeywell International Inc. 0.04% 2,576 $600K Reduce -1.9%
VOO Vanguard S&P 500 ETF 0.04% 1,030 $585K Reduce -8.4%
GBCI Glacier Bancorp Inc. 0.04% 13,052 $562K New
KO The Coca-Cola Co. 0.04% 7,874 $557K No change
CNI Canadian Natl Railway Co. 0.04% 5,250 $546K No change
NFLX Netflix Inc. 0.04% 400 $536K No change
CHRW C.H. Robinson Worldwide Inc. 0.04% 5,500 $528K Reduce -21.4%
MSM MSC Industrial Direct Co. Class A 0.04% 6,203 $527K No change
AXP American Express Co. 0.04% 1,645 $525K No change
TSLA Tesla Inc. 0.04% 1,648 $524K No change
BDX Becton Dickinson and Co. 0.04% 3,036 $523K Reduce -23.5%
CARR Carrier Global Corp. 0.04% 7,130 $522K No change
DGX Quest Diagnostics Inc. 0.04% 2,900 $521K No change
PNC PNC Financial Services Group 0.04% 2,734 $510K No change
TRV The Travelers Cos Inc. 0.04% 1,870 $500K Add +2.8%
NVDA Nvidia Corp. 0.04% 3,090 $488K No change
QQQ Invesco QQQ Trust Series 1 0.03% 871 $480K No change
UNP Union Pacific Corp. 0.03% 2,071 $476K Reduce -22.5%
EMR Emerson Electric Co. 0.03% 3,300 $440K No change
PAYX Paychex Inc. 0.03% 2,826 $411K No change
AMZN Amazon.com Inc. 0.03% 1,715 $376K Reduce -4.2%
CSCO Cisco Systems Inc. 0.03% 5,372 $373K No change
MA Mastercard Inc. Class A 0.03% 630 $354K No change
GE General Electric filed as GE AEROSPACE 0.03% 1,342 $345K Add +17.8%
GOOGL Alphabet Inc. Class A 0.02% 1,900 $335K Reduce -40.6%
HSIC Henry Schein Inc. 0.02% 4,500 $329K No change
CVX Chevron Corp. 0.02% 2,291 $328K Reduce -11.6%
RSG Republic Services Inc. 0.02% 1,310 $323K No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.02% 4,252 $312K No change
SYK Stryker Corp. 0.02% 741 $293K No change
MIDD Middleby Corp. 0.02% 2,005 $289K Reduce -37.4%
MRK Merck & Co. Inc. 0.02% 3,641 $288K No change
PRU Prudential Financial Inc. 0.02% 2,640 $284K Add +17.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.02% 5,843 $276K Reduce -40.0%
COP Conocophillips 0.02% 2,916 $262K No change
OTIS Otis Worldwide Corp. 0.02% 2,455 $243K Reduce -8.7%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.02% 2,415 $233K No change
TFC Truist Financial Corp. 0.02% 5,366 $231K No change
GEV GE Vernova Inc. 0.02% 416 $220K New
VZ Verizon Communications Inc. 0.02% 5,044 $218K Reduce -6.8%
IWD iShares Russell 1000 Value E 0.01% 1,050 $204K New

Portfolio Sells Q1 2025 → Q2 2025
FISV Fiserv Inc. Reduce -2.8% 5.32% −1.86
CRL Charles River Laboratories Sold out 0.00% −1.53
AJG Arthur J Gallagher & Co. Reduce -2.9% 4.09% −0.57
FTV Fortive Corp. Reduce -10.6% 0.81% −0.49
CHD Church & Dwight Co. Inc. Reduce -2.5% 1.99% −0.41
TMO Thermo Fisher Scientific Inc. Reduce -4.2% 1.18% −0.37
LSTR Landstar System Inc. Reduce -3.7% 1.82% −0.27
ROP Roper Technologies Inc. Reduce -0.9% 3.55% −0.27
DHR Danaher Corp. Reduce -2.1% 2.92% −0.25
RRX Regal Rexnord Corp. Reduce -70.2% 0.14% −0.25
ZD Ziff Davis Inc. Sold out 0.00% −0.23
IEX Idex Corp. Reduce -0.3% 3.07% −0.18
RPM RPM International Inc. Reduce -0.4% 1.91% −0.16
KAI Kadant Inc. Reduce -0.2% 1.30% −0.12
AAPL Apple Inc. Reduce -18.8% 0.27% −0.10
DCI Donaldson Co. Inc. Reduce -5.3% 2.15% −0.10
TFX Teleflex Inc. Reduce -25.3% 0.10% −0.06
SPGI S&P Global Inc. Reduce -10.4% 0.55% −0.06
WAT Waters Corp. Reduce -12.7% 0.23% −0.05
FCN Fti Consulting Inc. Reduce -0.1% 1.24% −0.05
ABBV Abbvie Inc. Reduce -6.9% 0.22% −0.05
USB US Bancorp Reduce -21.5% 0.20% −0.04
VCSH Vanguard S/T Corp. Bond ETF Reduce -5.1% 0.55% −0.04
RAL Ralliant Corp. Reduce -10.6% 0.25% −0.04
BSV Vanguard Short-Term Bond ETF Reduce -1.6% 0.99% −0.04
CSX CSX Corp. Sold out 0.00% −0.03
BDX Becton Dickinson and Co. Reduce -23.5% 0.04% −0.03
GOOG Alphabet Inc. Class C Sold out 0.00% −0.03
JNJ Johnson & Johnson Reduce -2.6% 0.18% −0.03
V Visa Inc. Class A Reduce -28.0% 0.06% −0.03
PG The Procter & Gamble Co. Reduce -5.3% 0.16% −0.02
MTB M & T Bank Corp. Reduce -33.2% 0.05% −0.02
AMGN Amgen Inc. Reduce -0.9% 0.13% −0.02
INTC Intel Corp. Sold out 0.00% −0.02
CBSH Commerce Bancshares Inc. Reduce -8.5% 0.14% −0.02
BRK.B Berkshire Hathaway Inc. Class B Reduce -11.9% 0.06% −0.02
FNF Fidelity National Financial Sold out 0.00% −0.02
ECL Ecolab Inc. Reduce -5.8% 0.66% −0.02
MIDD Middleby Corp. Reduce -37.4% 0.02% −0.02
CHRW C.H. Robinson Worldwide Inc. Reduce -21.4% 0.04% −0.01
ABT Abbott Laboratories Reduce -5.6% 0.25% −0.01
ADP Automatic Data Processing Reduce -3.4% 0.29% −0.01
BIV Vanguard Intermediate-Term B Reduce -13.1% 0.08% −0.01
GOOGL Alphabet Inc. Class A Reduce -40.6% 0.02% −0.01
UNP Union Pacific Corp. Reduce -22.5% 0.03% −0.01
PEP Pepsico Inc. Reduce -5.5% 0.05% −0.01
WFC Wells Fargo & Co. Reduce -18.7% 0.08% −0.01
SIGI Selective Insurance Group Reduce -10.5% 0.05% −0.01
BAC Bank of America Corp. Reduce -40.0% 0.02% −0.01
GGG Graco Inc. Reduce -0.8% 2.72% −0.01

Portfolio Buys Q1 2025 → Q2 2025
PRGS Progress Software Corp. Add +66.6% 1.05% +0.53
LRN Stride Inc. New 0.39% +0.39
UFPT Ufp Technologies Inc. Add +4.6% 1.75% +0.33
MUSA Murphy USA Inc. Add +103.5% 0.78% +0.33
NVT Nvent Electric PLC Add +0.7% 1.11% +0.30
CLH Clean Harbors Inc. Add +0.0% 1.79% +0.23
WINA Winmark Corp. Add +9.6% 0.93% +0.20
MMSI Merit Medical Systems Inc. Add +34.1% 0.64% +0.09
GBCI Glacier Bancorp Inc. New 0.04% +0.04
LLY Eli Lilly & Co. Add +137.8% 0.05% +0.03
GEV GE Vernova Inc. New 0.02% +0.02
IWD iShares Russell 1000 Value E New 0.01% +0.01
AIT Applied Industrial Tech Inc. Add +0.7% 1.03% +0.01
VNT Vontier Corp. Add +3.3% 0.11% +0.01
COF Capital One Financial Corp. Add +4.6% 0.07% +0.01
WMT Walmart Inc. Add +0.1% 0.15% +0.01
CAT Caterpillar Inc. Add +2.4% 0.06% +0.01
GE General Electric Add +17.8% 0.03% +0.01
VGSH Vanguard Short-Term Treasury Add +3.7% 0.22% +0.00
PRU Prudential Financial Inc. Add +17.9% 0.02% +0.00
TRV The Travelers Cos Inc. Add +2.8% 0.04% +0.00
XOM Exxon Mobil Corp. Add +0.5% 0.29% −0.04
CNMD Conmed Corp. Add +3.7% 0.53% −0.08
AIZ Assurant Inc. Add +0.9% 2.17% −0.17

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