PineStone Asset Management Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 16, 2024), PineStone Asset Management Inc. reported 44 stock positions worth $6.3 billion. Its top holding was Microsoft (MSFT) at 9.3% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 7.8%) and Alphabet Class A (GOOGL, 7.0%). Compared with Q4 2023, it added to 19 and reduced 25. The biggest buy was S&P Global (SPGI, shares +46%) and the biggest sale Moody's (MCO, shares −45%).
- Most Recent 13F
- Q2 2026
- Location
- Montreal, A8
- CIK
- 0001904893
- Portfolio Value
- $6.3B (Q1 2024)
- SEC Filing
- 0001172661-24-001861 ↗ filed Apr 16, 2024
Holdings Value
Holdings 44 stocks · $6.3B
| MSFT Microsoft Corp. | 9.26% | 1,383,832 | $582.2M | Reduce -42.1% |
| TSM Taiwan Semiconductor-SP ADR | 7.79% | 3,598,183 | $489.5M | Reduce -30.9% |
| GOOGL Alphabet Inc. Class A | 6.97% | 2,901,968 | $438.0M | Reduce -42.8% |
| AZO AutoZone Inc. | 6.54% | 130,500 | $411.3M | Reduce -39.3% |
| MCO Moody's Corp. | 6.09% | 973,622 | $382.7M | Reduce -45.1% |
| MA Mastercard Inc. Class A | 5.54% | 723,852 | $348.6M | Reduce -43.9% |
| UNH Unitedhealth Group Inc. | 4.49% | 571,121 | $282.5M | Reduce -38.3% |
| SHW The Sherwin-Williams Co. | 3.82% | 691,413 | $240.1M | Reduce -42.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 3.77% | 2,334,837 | $236.8M | Reduce -44.4% |
| PEP Pepsico Inc. | 3.39% | 1,216,942 | $213.0M | Reduce -36.8% |
| ORCL Oracle Corp. | 3.38% | 1,691,751 | $212.5M | Reduce -39.6% |
| CME Cme Group Inc. | 3.26% | 951,547 | $204.9M | Reduce -39.3% |
| JNJ Johnson & Johnson | 2.96% | 1,176,663 | $186.1M | Reduce -36.5% |
| OTIS Otis Worldwide Corp. | 2.96% | 1,873,351 | $186.0M | Reduce -43.9% |
| MSCI MSCI Inc. | 2.84% | 318,597 | $178.6M | Reduce -43.5% |
| GGG Graco Inc. | 2.64% | 1,778,574 | $166.2M | Reduce -43.0% |
| CARR Carrier Global Corp. | 2.48% | 2,677,677 | $155.7M | Reduce -43.7% |
| MTD Mettler-Toledo International | 2.42% | 114,176 | $152.0M | Reduce -42.1% |
| LOW Lowe's Cos Inc. | 2.22% | 547,533 | $139.5M | Add +3.8% |
| BDX Becton Dickinson and Co. | 2.19% | 557,138 | $137.9M | Reduce -43.0% |
| SPGI S&P Global Inc. | 1.94% | 287,142 | $122.2M | Add +46.3% |
| HDB HDFC Bank Ltd.-ADR | 1.85% | 2,077,617 | $116.3M | Reduce -36.9% |
| NKE Nike Inc. Class B | 1.70% | 1,139,640 | $107.1M | Reduce -42.1% |
| ADI Analog Devices Inc. | 1.43% | 454,924 | $90.0M | Add +5.5% |
| MIDD Middleby Corp. | 1.40% | 547,611 | $88.1M | Add +10.8% |
| ADBE Adobe Inc. | 1.39% | 173,722 | $87.7M | Add +29.7% |
| FDS Factset Research Systems Inc. | 1.29% | 178,021 | $80.9M | Add +8.9% |
| CL Colgate-Palmolive Co. | 0.85% | 590,968 | $53.2M | Add +15.9% |
| KVUE Kenvue Inc. | 0.53% | 1,543,945 | $33.1M | Reduce -59.4% |
| WH Wyndham Hotels & Resorts Inc. | 0.29% | 241,700 | $18.6M | Add +5.3% |
| MEDP Medpace Holdings Inc. | 0.25% | 38,300 | $15.5M | Reduce -9.7% |
| BRKR Bruker Corp. | 0.24% | 163,858 | $15.4M | Reduce -0.3% |
| DCI Donaldson Co. Inc. | 0.22% | 184,800 | $13.8M | Add +4.2% |
| JBTM JBT Marel Corp. filed as JOHN BEAN TECHNOLOGIES CORP | 0.22% | 129,696 | $13.6M | Add +29.7% |
| SSD Simpson Manufacturing Co. Inc. | 0.21% | 63,100 | $12.9M | Add +20.2% |
| FND Floor & Decor Holdings Inc. Class A | 0.20% | 97,000 | $12.6M | Add +2.3% |
| TREX Trex Company Inc. | 0.18% | 114,269 | $11.4M | Reduce -13.9% |
| IPAR Interparfums Inc. | 0.18% | 78,400 | $11.0M | Add +6.4% |
| EXPO Exponent Inc. | 0.15% | 115,600 | $9.6M | Add +5.4% |
| WDFC WD-40 Co. | 0.14% | 35,000 | $8.9M | Add +2.9% |
| NRC NRC Health filed as NATIONAL RESH CORP | 0.11% | 170,000 | $6.7M | Add +11.0% |
| FOXF Fox Factory Holding Corp. | 0.09% | 109,700 | $5.7M | Add +10.5% |
| POWI Power Integrations Inc. | 0.09% | 79,100 | $5.7M | Add +25.8% |
| XPEL Xpel Inc. | 0.07% | 77,172 | $4.2M | Add +16.1% |
Portfolio Sells Q4 2023 → Q1 2024
| MCO Moody's Corp. | Reduce -45.1% | 6.09% | −1.36 |
| UNH Unitedhealth Group Inc. | Reduce -38.3% | 4.49% | −0.74 |
| GOOGL Alphabet Inc. Class A | Reduce -42.8% | 6.97% | −0.64 |
| NKE Nike Inc. Class B | Reduce -42.1% | 1.70% | −0.59 |
| MSCI MSCI Inc. | Reduce -43.5% | 2.84% | −0.59 |
| HDB HDFC Bank Ltd.-ADR | Reduce -36.9% | 1.85% | −0.53 |
| TJX TJX Companies Inc. | Reduce -44.4% | 3.77% | −0.47 |
| CARR Carrier Global Corp. | Reduce -43.7% | 2.48% | −0.46 |
| MSFT Microsoft Corp. | Reduce -42.1% | 9.26% | −0.39 |
| MA Mastercard Inc. Class A | Reduce -43.9% | 5.54% | −0.37 |
| BDX Becton Dickinson and Co. | Reduce -43.0% | 2.19% | −0.37 |
| KVUE Kenvue Inc. | Reduce -59.4% | 0.53% | −0.35 |
| CME Cme Group Inc. | Reduce -39.3% | 3.26% | −0.29 |
| GGG Graco Inc. | Reduce -43.0% | 2.64% | −0.26 |
| OTIS Otis Worldwide Corp. | Reduce -43.9% | 2.96% | −0.25 |
| SHW The Sherwin-Williams Co. | Reduce -42.2% | 3.82% | −0.19 |
| JNJ Johnson & Johnson | Reduce -36.5% | 2.96% | −0.16 |
| MTD Mettler-Toledo International | Reduce -42.1% | 2.42% | −0.15 |
| PEP Pepsico Inc. | Reduce -36.8% | 3.39% | −0.12 |
| TREX Trex Company Inc. | Reduce -13.9% | 0.18% | +0.06 |
| MEDP Medpace Holdings Inc. | Reduce -9.7% | 0.25% | +0.11 |
| BRKR Bruker Corp. | Reduce -0.3% | 0.24% | +0.12 |
| ORCL Oracle Corp. | Reduce -39.6% | 3.38% | +0.21 |
| AZO AutoZone Inc. | Reduce -39.3% | 6.54% | +0.57 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -30.9% | 7.79% | +1.97 |
Portfolio Buys Q4 2023 → Q1 2024
| SPGI S&P Global Inc. | Add +46.3% | 1.94% | +1.01 |
| LOW Lowe's Cos Inc. | Add +3.8% | 2.22% | +0.96 |
| MIDD Middleby Corp. | Add +10.8% | 1.40% | +0.62 |
| ADBE Adobe Inc. | Add +29.7% | 1.39% | +0.54 |
| ADI Analog Devices Inc. | Add +5.5% | 1.43% | +0.51 |
| FDS Factset Research Systems Inc. | Add +8.9% | 1.29% | +0.45 |
| CL Colgate-Palmolive Co. | Add +15.9% | 0.85% | +0.41 |
| JBTM JBT Marel Corp. | Add +29.7% | 0.22% | +0.11 |
| WH Wyndham Hotels & Resorts Inc. | Add +5.3% | 0.29% | +0.10 |
| DCI Donaldson Co. Inc. | Add +4.2% | 0.22% | +0.09 |
| SSD Simpson Manufacturing Co. Inc. | Add +20.2% | 0.21% | +0.09 |
| FND Floor & Decor Holdings Inc. Class A | Add +2.3% | 0.20% | +0.09 |
| IPAR Interparfums Inc. | Add +6.4% | 0.18% | +0.06 |
| WDFC WD-40 Co. | Add +2.9% | 0.14% | +0.05 |
| EXPO Exponent Inc. | Add +5.4% | 0.15% | +0.05 |
| NRC NRC Health | Add +11.0% | 0.11% | +0.04 |
| POWI Power Integrations Inc. | Add +25.8% | 0.09% | +0.03 |
| XPEL Xpel Inc. | Add +16.1% | 0.07% | +0.03 |
| FOXF Fox Factory Holding Corp. | Add +10.5% | 0.09% | +0.02 |
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 |