PineStone Asset Management Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed November 20, 2024), PineStone Asset Management Inc. reported 43 stock positions worth $9.4 billion. Its top holding was Microsoft (MSFT) at 9.6% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 9.0%) and Alphabet Class A (GOOGL, 8.7%). Compared with Q1 2024, it opened 3 new positions, sold out of 4, added to 33 and reduced 4. The biggest buy was Alphabet Class A (GOOGL, shares +55%) and the biggest sale Middleby (MIDD, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- Montreal, A8
- CIK
- 0001904893
- Portfolio Value
- $9.4B (Q2 2024)
- SEC Filing
- 0001172661-24-005349 ↗ filed Nov 20, 2024
Holdings Value
Holdings 43 stocks · $9.4B
| MSFT Microsoft Corp. | 9.61% | 2,026,768 | $905.9M | Add +46.5% |
| TSM Taiwan Semiconductor-SP ADR | 8.99% | 4,874,916 | $847.3M | Add +35.5% |
| GOOGL Alphabet Inc. Class A | 8.69% | 4,495,183 | $818.8M | Add +54.9% |
| MCO Moody's Corp. | 6.42% | 1,437,197 | $605.0M | Add +47.6% |
| AZO AutoZone Inc. | 6.28% | 199,794 | $592.2M | Add +53.1% |
| MA Mastercard Inc. Class A | 5.13% | 1,095,250 | $483.2M | Add +51.3% |
| UNH Unitedhealth Group Inc. | 4.64% | 859,232 | $437.6M | Add +50.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 3.95% | 3,378,543 | $372.0M | Add +44.7% |
| ORCL Oracle Corp. | 3.69% | 2,465,466 | $348.1M | Add +45.7% |
| SHW The Sherwin-Williams Co. | 3.25% | 1,027,774 | $306.7M | Add +48.6% |
| PEP Pepsico Inc. | 3.17% | 1,810,246 | $298.6M | Add +48.8% |
| CME Cme Group Inc. | 2.92% | 1,399,382 | $275.1M | Add +47.1% |
| OTIS Otis Worldwide Corp. | 2.80% | 2,737,997 | $263.6M | Add +46.2% |
| CARR Carrier Global Corp. | 2.71% | 4,054,896 | $255.8M | Add +51.4% |
| JNJ Johnson & Johnson | 2.67% | 1,724,583 | $252.1M | Add +46.6% |
| MTD Mettler-Toledo International | 2.47% | 166,806 | $233.1M | Add +46.1% |
| MSCI MSCI Inc. | 2.36% | 461,670 | $222.4M | Add +44.9% |
| GGG Graco Inc. | 2.23% | 2,649,597 | $210.1M | Add +49.0% |
| BDX Becton Dickinson and Co. | 2.09% | 841,626 | $196.7M | Add +51.1% |
| LOW Lowe's Cos Inc. | 1.92% | 821,067 | $181.0M | Add +50.0% |
| HDB HDFC Bank Ltd.-ADR | 1.90% | 2,785,609 | $179.2M | Add +34.1% |
| SPGI S&P Global Inc. | 1.79% | 378,379 | $168.8M | Add +31.8% |
| ADI Analog Devices Inc. | 1.69% | 699,006 | $159.6M | Add +53.6% |
| ADBE Adobe Inc. | 1.63% | 275,963 | $153.3M | Add +58.9% |
| NKE Nike Inc. Class B | 1.36% | 1,699,013 | $128.1M | Add +49.1% |
| FDS Factset Research Systems Inc. | 1.18% | 272,973 | $111.4M | Add +53.3% |
| HLT Hilton Worldwide Holdings Inc. | 1.05% | 451,910 | $98.6M | New |
| CL Colgate-Palmolive Co. | 1.03% | 996,004 | $96.7M | Add +68.5% |
| MIDD Middleby Corp. | 0.68% | 519,775 | $63.7M | Reduce -5.1% |
| WH Wyndham Hotels & Resorts Inc. | 0.19% | 248,100 | $18.4M | Add +2.6% |
| MEDP Medpace Holdings Inc. | 0.16% | 36,300 | $15.0M | Reduce -5.2% |
| DCI Donaldson Co. Inc. | 0.14% | 180,061 | $12.9M | Reduce -2.6% |
| BRKR Bruker Corp. | 0.13% | 194,876 | $12.4M | Add +18.9% |
| JBTM JBT Marel Corp. filed as JOHN BEAN TECHNOLOGIES CORP | 0.13% | 129,696 | $12.3M | No change |
| SSD Simpson Manufacturing Co. Inc. | 0.13% | 72,200 | $12.2M | Add +14.4% |
| FSS Federal Signal Corp. | 0.13% | 143,200 | $12.0M | New |
| IPAR Interparfums Inc. | 0.12% | 93,384 | $10.8M | Add +19.1% |
| TREX Trex Company Inc. | 0.11% | 139,369 | $10.3M | Add +22.0% |
| HLI Houlihan Lokey Inc. | 0.11% | 75,195 | $10.1M | New |
| FND Floor & Decor Holdings Inc. Class A | 0.10% | 97,000 | $9.6M | No change |
| EXPO Exponent Inc. | 0.10% | 96,300 | $9.2M | Reduce -16.7% |
| WDFC WD-40 Co. | 0.09% | 39,000 | $8.6M | Add +11.4% |
| POWI Power Integrations Inc. | 0.06% | 79,100 | $5.6M | No change |
Portfolio Sells Q1 2024 → Q2 2024
| MIDD Middleby Corp. | Reduce -5.1% | 0.68% | −0.72 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.53 |
| NRC NRC Health | Sold out | 0.00% | −0.11 |
| FOXF Fox Factory Holding Corp. | Sold out | 0.00% | −0.09 |
| MEDP Medpace Holdings Inc. | Reduce -5.2% | 0.16% | −0.09 |
| DCI Donaldson Co. Inc. | Reduce -2.6% | 0.14% | −0.08 |
| XPEL Xpel Inc. | Sold out | 0.00% | −0.07 |
| EXPO Exponent Inc. | Reduce -16.7% | 0.10% | −0.05 |
Portfolio Buys Q1 2024 → Q2 2024
| GOOGL Alphabet Inc. Class A | Add +54.9% | 8.69% | +1.72 |
| TSM Taiwan Semiconductor-SP ADR | Add +35.5% | 8.99% | +1.21 |
| HLT Hilton Worldwide Holdings Inc. | New | 1.05% | +1.05 |
| MSFT Microsoft Corp. | Add +46.5% | 9.61% | +0.35 |
| MCO Moody's Corp. | Add +47.6% | 6.42% | +0.33 |
| ORCL Oracle Corp. | Add +45.7% | 3.69% | +0.31 |
| ADI Analog Devices Inc. | Add +53.6% | 1.69% | +0.26 |
| CARR Carrier Global Corp. | Add +51.4% | 2.71% | +0.24 |
| ADBE Adobe Inc. | Add +58.9% | 1.63% | +0.23 |
| TJX TJX Companies Inc. | Add +44.7% | 3.95% | +0.18 |
| CL Colgate-Palmolive Co. | Add +68.5% | 1.03% | +0.18 |
| UNH Unitedhealth Group Inc. | Add +50.5% | 4.64% | +0.15 |
| FSS Federal Signal Corp. | New | 0.13% | +0.13 |
| HLI Houlihan Lokey Inc. | New | 0.11% | +0.11 |
| MTD Mettler-Toledo International | Add +46.1% | 2.47% | +0.06 |
| HDB HDFC Bank Ltd.-ADR | Add +34.1% | 1.90% | +0.05 |
| WDFC WD-40 Co. | Add +11.4% | 0.09% | −0.05 |
| IPAR Interparfums Inc. | Add +19.1% | 0.12% | −0.06 |
| TREX Trex Company Inc. | Add +22.0% | 0.11% | −0.07 |
| SSD Simpson Manufacturing Co. Inc. | Add +14.4% | 0.13% | −0.08 |
| WH Wyndham Hotels & Resorts Inc. | Add +2.6% | 0.19% | −0.10 |
| FDS Factset Research Systems Inc. | Add +53.3% | 1.18% | −0.10 |
| BDX Becton Dickinson and Co. | Add +51.1% | 2.09% | −0.11 |
| BRKR Bruker Corp. | Add +18.9% | 0.13% | −0.11 |
| SPGI S&P Global Inc. | Add +31.8% | 1.79% | −0.15 |
| OTIS Otis Worldwide Corp. | Add +46.2% | 2.80% | −0.16 |
| PEP Pepsico Inc. | Add +48.8% | 3.17% | −0.22 |
| AZO AutoZone Inc. | Add +53.1% | 6.28% | −0.26 |
| JNJ Johnson & Johnson | Add +46.6% | 2.67% | −0.29 |
| LOW Lowe's Cos Inc. | Add +50.0% | 1.92% | −0.30 |
| CME Cme Group Inc. | Add +47.1% | 2.92% | −0.34 |
| NKE Nike Inc. Class B | Add +49.1% | 1.36% | −0.34 |
| GGG Graco Inc. | Add +49.0% | 2.23% | −0.41 |
| MA Mastercard Inc. Class A | Add +51.3% | 5.13% | −0.42 |
| MSCI MSCI Inc. | Add +44.9% | 2.36% | −0.48 |
| SHW The Sherwin-Williams Co. | Add +48.6% | 3.25% | −0.56 |
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 |