PineStone Asset Management Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 13, 2026), PineStone Asset Management Inc. reported 44 stock positions worth $16.2 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 14.6% of the portfolio, followed by Alphabet Class A (GOOGL, 10.2%) and Moody's (MCO, 6.4%). Compared with Q1 2026, it opened 4 new positions, sold out of 4, added to 8 and reduced 32. The biggest buy was KLA (KLAC, shares +103%) and the biggest sale Microsoft (MSFT, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- Montreal, A8
- CIK
- 0001904893
- Portfolio Value
- $16.2B (Q2 2026)
- SEC Filing
- 0001172661-26-002596 ↗ filed Jul 13, 2026
Holdings Value
Holdings 44 stocks · $16.2B
| TSM Taiwan Semiconductor-SP ADR | 14.63% | 4,959,994 | $2.4B | Reduce -6.2% |
| GOOGL Alphabet Inc. Class A | 10.17% | 4,607,821 | $1.6B | Reduce -11.0% |
| MCO Moody's Corp. | 6.39% | 2,283,961 | $1.0B | Reduce -2.8% |
| MSFT Microsoft Corp. | 5.96% | 2,586,687 | $964.9M | Reduce -9.8% |
| MA Mastercard Inc. Class A | 5.81% | 1,832,012 | $940.9M | Add +1.2% |
| AZO AutoZone Inc. | 4.82% | 244,260 | $780.6M | Reduce -4.9% |
| AMZN Amazon.com Inc. | 4.09% | 2,778,800 | $662.3M | Add +83.6% |
| KLAC KLA Corp. | 4.04% | 2,169,700 | $654.6M | Add +102.7% |
| CME Cme Group Inc. | 3.71% | 2,719,347 | $600.5M | Add +4.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 3.51% | 3,754,345 | $568.8M | Reduce -3.9% |
| SHW The Sherwin-Williams Co. | 3.33% | 1,564,628 | $538.7M | Reduce -6.1% |
| MSCI MSCI Inc. | 3.26% | 943,550 | $528.4M | Reduce -3.4% |
| CARR Carrier Global Corp. | 2.87% | 6,333,408 | $464.6M | Reduce -3.6% |
| JNJ Johnson & Johnson | 2.72% | 1,733,844 | $440.3M | Reduce -3.1% |
| MTD Mettler-Toledo International | 2.57% | 326,120 | $416.6M | Add +1.0% |
| LIN Linde PLC | 2.47% | 769,783 | $399.5M | New |
| ADI Analog Devices Inc. | 2.17% | 883,993 | $351.1M | Add +7.2% |
| UNH Unitedhealth Group Inc. | 2.07% | 807,522 | $335.6M | Reduce -0.2% |
| OTIS Otis Worldwide Corp. | 1.90% | 4,290,454 | $307.2M | Reduce -4.5% |
| PEP Pepsico Inc. | 1.83% | 2,182,458 | $295.5M | Reduce -8.5% |
| SPGI S&P Global Inc. | 1.66% | 661,225 | $269.3M | Add +24.2% |
| AON Aon PLC Class A | 1.64% | 799,293 | $265.1M | New |
| CNI Canadian Natl Railway Co. | 1.50% | 2,034,355 | $242.6M | New |
| GGG Graco Inc. | 1.49% | 3,185,789 | $240.9M | Reduce -12.1% |
| CPRT Copart Inc. | 1.38% | 7,913,707 | $223.1M | Reduce -5.2% |
| HLT Hilton Worldwide Holdings Inc. | 1.35% | 660,714 | $218.3M | Reduce -10.3% |
| LOW Lowe's Cos Inc. | 1.05% | 770,942 | $170.0M | Reduce -11.0% |
| CL Colgate-Palmolive Co. | 0.83% | 1,462,799 | $134.1M | Reduce -5.7% |
| HDB HDFC Bank Ltd.-ADR | 0.70% | 4,379,846 | $113.1M | Add +15.8% |
| FSS Federal Signal Corp. | 0.01% | 15,986 | $2.1M | Reduce -31.1% |
| JBTM JBT Marel Corp. | 0.01% | 8,229 | $1.2M | Reduce -36.4% |
| HLI Houlihan Lokey Inc. | 0.01% | 8,794 | $1.2M | Reduce -33.9% |
| HAYW Hayward Holdings Inc. | 0.01% | 65,568 | $1.1M | Reduce -36.5% |
| IPAR Interparfums Inc. | 0.01% | 9,701 | $1.1M | Reduce -29.2% |
| MEDP Medpace Holdings Inc. | 0.01% | 1,760 | $932K | Reduce -33.3% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.01% | 6,500 | $895K | Reduce -24.4% |
| FND Floor & Decor Holdings Inc. Class A | 0.01% | 14,300 | $849K | Reduce -32.9% |
| WDFC WD-40 Co. | 0.01% | 3,439 | $838K | Reduce -34.4% |
| DCI Donaldson Co. Inc. | 0.00% | 8,328 | $748K | Reduce -41.5% |
| EXPO Exponent Inc. | 0.00% | 11,794 | $693K | Reduce -30.6% |
| STVN Stevanato Group SPA | 0.00% | 38,135 | $689K | New |
| TREX Trex Company Inc. filed as TREX INC | 0.00% | 12,069 | $604K | Reduce -39.3% |
| WH Wyndham Hotels & Resorts Inc. | 0.00% | 6,650 | $560K | Reduce -49.4% |
| SSD Simpson Manufacturing Co. Inc. | 0.00% | 2,010 | $421K | Reduce -42.7% |
Portfolio Sells Q1 2026 → Q2 2026
| MSFT Microsoft Corp. | Reduce -9.8% | 5.96% | −1.50 |
| AZO AutoZone Inc. | Reduce -4.9% | 4.82% | −1.28 |
| TJX TJX Companies Inc. | Reduce -3.9% | 3.51% | −0.87 |
| MCO Moody's Corp. | Reduce -2.8% | 6.39% | −0.82 |
| PEP Pepsico Inc. | Reduce -8.5% | 1.83% | −0.78 |
| SUNB Sunbelt Rentals Holdings Inc. | Sold out | 0.00% | −0.67 |
| GGG Graco Inc. | Reduce -12.1% | 1.49% | −0.67 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.65 |
| FDS Factset Research Systems Inc. | Sold out | 0.00% | −0.59 |
| CPRT Copart Inc. | Reduce -5.2% | 1.38% | −0.57 |
| OTIS Otis Worldwide Corp. | Reduce -4.5% | 1.90% | −0.54 |
| MSCI MSCI Inc. | Reduce -3.4% | 3.26% | −0.44 |
| SHW The Sherwin-Williams Co. | Reduce -6.1% | 3.33% | −0.43 |
| LOW Lowe's Cos Inc. | Reduce -11.0% | 1.05% | −0.39 |
| JNJ Johnson & Johnson | Reduce -3.1% | 2.72% | −0.35 |
| GOOGL Alphabet Inc. Class A | Reduce -11.0% | 10.17% | −0.29 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -10.3% | 1.35% | −0.23 |
| CL Colgate-Palmolive Co. | Reduce -5.7% | 0.83% | −0.10 |
| HLI Houlihan Lokey Inc. | Reduce -33.9% | 0.01% | −0.01 |
| FSS Federal Signal Corp. | Reduce -31.1% | 0.01% | −0.00 |
| JBTM JBT Marel Corp. | Reduce -36.4% | 0.01% | −0.00 |
| JKHY Jack Henry & Associates Inc. | Reduce -24.4% | 0.01% | −0.00 |
| WH Wyndham Hotels & Resorts Inc. | Reduce -49.4% | 0.00% | −0.00 |
| DCI Donaldson Co. Inc. | Reduce -41.5% | 0.00% | −0.00 |
| EXPO Exponent Inc. | Reduce -30.6% | 0.00% | −0.00 |
| MEDP Medpace Holdings Inc. | Reduce -33.3% | 0.01% | −0.00 |
| POWI Power Integrations Inc. | Sold out | 0.00% | −0.00 |
| HAYW Hayward Holdings Inc. | Reduce -36.5% | 0.01% | −0.00 |
| FND Floor & Decor Holdings Inc. Class A | Reduce -32.9% | 0.01% | −0.00 |
| WDFC WD-40 Co. | Reduce -34.4% | 0.01% | −0.00 |
| IPAR Interparfums Inc. | Reduce -29.2% | 0.01% | −0.00 |
| SSD Simpson Manufacturing Co. Inc. | Reduce -42.7% | 0.00% | −0.00 |
| TREX Trex Company Inc. | Reduce -39.3% | 0.00% | −0.00 |
| CARR Carrier Global Corp. | Reduce -3.6% | 2.87% | +0.27 |
| UNH Unitedhealth Group Inc. | Reduce -0.2% | 2.07% | +0.53 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -6.2% | 14.63% | +2.07 |
Portfolio Buys Q1 2026 → Q2 2026
| KLAC KLA Corp. | Add +102.7% | 4.04% | +2.94 |
| LIN Linde PLC | New | 2.47% | +2.47 |
| AMZN Amazon.com Inc. | Add +83.6% | 4.09% | +1.88 |
| AON Aon PLC Class A | New | 1.64% | +1.64 |
| CNI Canadian Natl Railway Co. | New | 1.50% | +1.50 |
| ADI Analog Devices Inc. | Add +7.2% | 2.17% | +0.32 |
| SPGI S&P Global Inc. | Add +24.2% | 1.66% | +0.07 |
| HDB HDFC Bank Ltd.-ADR | Add +15.8% | 0.70% | +0.04 |
| STVN Stevanato Group SPA | New | 0.00% | +0.00 |
| MTD Mettler-Toledo International | Add +1.0% | 2.57% | −0.29 |
| MA Mastercard Inc. Class A | Add +1.2% | 5.81% | −0.55 |
| CME Cme Group Inc. | Add +4.8% | 3.71% | −1.68 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 44 | $16.2B | TSM, GOOGL, MCO, MSFT, MA |
| Q1 2026 | 44 | $14.2B | TSM, GOOGL, MSFT, MCO, MA |
| Q4 2025 | 43 | $16.1B | TSM, GOOGL, MSFT, MCO, MA |
| Q3 2025 | 43 | $16.1B | TSM, GOOGL, MSFT, AZO, MCO |
| Q2 2025 | 44 | $15.5B | TSM, MSFT, GOOGL, MCO, AZO |
| Q1 2025 | 45 | $13.2B | TSM, MSFT, AZO, GOOGL, MCO |
| Q4 2024 | 45 | $10.7B | MSFT, GOOGL, TSM, MCO, AZO |
| Q3 2024 | 44 | $10.4B | MSFT, TSM, GOOGL, MCO, AZO |
| Q2 2024Amended | 43 | $9.4B | MSFT, TSM, GOOGL, MCO, AZO |
| Q1 2024 | 44 | $6.3B | MSFT, TSM, GOOGL, AZO, MCO |