PineStone Asset Management Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 28, 2024), PineStone Asset Management Inc. reported 44 stock positions worth $10.4 billion. Its top holding was Microsoft (MSFT) at 8.5% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 8.3%) and Alphabet Class A (GOOGL, 7.4%). Compared with Q2 2024, it opened 1 new position, added to 28 and reduced 8. The biggest buy was Sherwin-Williams (SHW, shares +5%) and the biggest sale Nike Class B (NKE, shares −24%).
- Most Recent 13F
- Q2 2026
- Location
- Montreal, A8
- CIK
- 0001904893
- Portfolio Value
- $10.4B (Q3 2024)
- SEC Filing
- 0001172661-24-004385 ↗ filed Oct 28, 2024
Holdings Value
Holdings 44 stocks · $10.4B
| MSFT Microsoft Corp. | 8.51% | 2,049,268 | $881.8M | Add +1.1% |
| TSM Taiwan Semiconductor-SP ADR | 8.29% | 4,943,236 | $858.5M | Add +1.4% |
| GOOGL Alphabet Inc. Class A | 7.45% | 4,653,283 | $771.7M | Add +3.5% |
| MCO Moody's Corp. | 6.80% | 1,483,827 | $704.2M | Add +3.2% |
| AZO AutoZone Inc. | 6.08% | 199,804 | $629.4M | Add +0.0% |
| MA Mastercard Inc. Class A | 5.48% | 1,150,450 | $568.1M | Add +5.0% |
| UNH Unitedhealth Group Inc. | 4.96% | 879,162 | $514.0M | Add +2.3% |
| ORCL Oracle Corp. | 4.27% | 2,596,366 | $442.4M | Add +5.3% |
| SHW The Sherwin-Williams Co. | 3.99% | 1,084,174 | $413.8M | Add +5.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 3.83% | 3,378,643 | $397.1M | Add +0.0% |
| CME Cme Group Inc. | 3.21% | 1,505,982 | $332.3M | Add +7.6% |
| CARR Carrier Global Corp. | 3.19% | 4,107,096 | $330.6M | Add +1.3% |
| PEP Pepsico Inc. | 3.00% | 1,826,896 | $310.7M | Add +0.9% |
| OTIS Otis Worldwide Corp. | 2.89% | 2,881,097 | $299.5M | Add +5.2% |
| MSCI MSCI Inc. | 2.73% | 485,020 | $282.7M | Add +5.1% |
| JNJ Johnson & Johnson | 2.71% | 1,734,383 | $281.1M | Add +0.6% |
| MTD Mettler-Toledo International | 2.40% | 165,506 | $248.2M | Reduce -0.8% |
| GGG Graco Inc. | 2.39% | 2,828,497 | $247.5M | Add +6.8% |
| LOW Lowe's Cos Inc. | 2.14% | 817,567 | $221.4M | Reduce -0.4% |
| SPGI S&P Global Inc. | 2.07% | 414,719 | $214.3M | Add +9.6% |
| BDX Becton Dickinson and Co. | 1.95% | 837,126 | $201.8M | Reduce -0.5% |
| HDB HDFC Bank Ltd.-ADR | 1.78% | 2,954,649 | $184.8M | Add +6.1% |
| ADI Analog Devices Inc. | 1.55% | 697,806 | $160.6M | Reduce -0.2% |
| ADBE Adobe Inc. | 1.39% | 278,363 | $144.1M | Add +0.9% |
| FDS Factset Research Systems Inc. | 1.22% | 274,003 | $126.0M | Add +0.4% |
| HLT Hilton Worldwide Holdings Inc. | 1.16% | 523,510 | $120.7M | Add +15.8% |
| NKE Nike Inc. Class B | 1.11% | 1,295,652 | $114.5M | Reduce -23.7% |
| CL Colgate-Palmolive Co. | 1.00% | 998,704 | $103.7M | Add +0.3% |
| MIDD Middleby Corp. | 0.49% | 363,225 | $50.5M | Reduce -30.1% |
| CPRT Copart Inc. | 0.27% | 542,200 | $28.4M | New |
| WH Wyndham Hotels & Resorts Inc. | 0.19% | 248,100 | $19.4M | No change |
| BRKR Bruker Corp. | 0.15% | 221,576 | $15.3M | Add +13.7% |
| DCI Donaldson Co. Inc. | 0.14% | 197,061 | $14.5M | Add +9.4% |
| FSS Federal Signal Corp. | 0.14% | 154,084 | $14.4M | Add +7.6% |
| IPAR Interparfums Inc. | 0.14% | 109,384 | $14.2M | Add +17.1% |
| SSD Simpson Manufacturing Co. Inc. | 0.13% | 70,100 | $13.4M | Reduce -2.9% |
| JBTM JBT Marel Corp. filed as JOHN BEAN TECHNOLOGIES CORP | 0.12% | 129,696 | $12.8M | No change |
| MEDP Medpace Holdings Inc. | 0.12% | 36,300 | $12.1M | No change |
| FND Floor & Decor Holdings Inc. Class A | 0.12% | 97,000 | $12.0M | No change |
| HLI Houlihan Lokey Inc. | 0.11% | 75,195 | $11.9M | No change |
| WDFC WD-40 Co. | 0.10% | 40,700 | $10.5M | Add +4.4% |
| EXPO Exponent Inc. | 0.10% | 87,500 | $10.1M | Reduce -9.1% |
| TREX Trex Company Inc. | 0.09% | 139,369 | $9.3M | No change |
| POWI Power Integrations Inc. | 0.05% | 79,100 | $5.1M | No change |
Portfolio Sells Q2 2024 → Q3 2024
| NKE Nike Inc. Class B | Reduce -23.7% | 1.11% | −0.25 |
| MIDD Middleby Corp. | Reduce -30.1% | 0.49% | −0.19 |
| ADI Analog Devices Inc. | Reduce -0.2% | 1.55% | −0.14 |
| BDX Becton Dickinson and Co. | Reduce -0.5% | 1.95% | −0.14 |
| MTD Mettler-Toledo International | Reduce -0.8% | 2.40% | −0.08 |
| EXPO Exponent Inc. | Reduce -9.1% | 0.10% | +0.00 |
| SSD Simpson Manufacturing Co. Inc. | Reduce -2.9% | 0.13% | +0.00 |
| LOW Lowe's Cos Inc. | Reduce -0.4% | 2.14% | +0.22 |
Portfolio Buys Q2 2024 → Q3 2024
| SHW The Sherwin-Williams Co. | Add +5.5% | 3.99% | +0.74 |
| ORCL Oracle Corp. | Add +5.3% | 4.27% | +0.58 |
| CARR Carrier Global Corp. | Add +1.3% | 3.19% | +0.48 |
| MCO Moody's Corp. | Add +3.2% | 6.80% | +0.38 |
| MSCI MSCI Inc. | Add +5.1% | 2.73% | +0.37 |
| MA Mastercard Inc. Class A | Add +5.0% | 5.48% | +0.36 |
| UNH Unitedhealth Group Inc. | Add +2.3% | 4.96% | +0.32 |
| CME Cme Group Inc. | Add +7.6% | 3.21% | +0.29 |
| SPGI S&P Global Inc. | Add +9.6% | 2.07% | +0.28 |
| CPRT Copart Inc. | New | 0.27% | +0.27 |
| GGG Graco Inc. | Add +6.8% | 2.39% | +0.16 |
| HLT Hilton Worldwide Holdings Inc. | Add +15.8% | 1.16% | +0.12 |
| OTIS Otis Worldwide Corp. | Add +5.2% | 2.89% | +0.09 |
| JNJ Johnson & Johnson | Add +0.6% | 2.71% | +0.04 |
| FDS Factset Research Systems Inc. | Add +0.4% | 1.22% | +0.03 |
| IPAR Interparfums Inc. | Add +17.1% | 0.14% | +0.02 |
| BRKR Bruker Corp. | Add +13.7% | 0.15% | +0.02 |
| FSS Federal Signal Corp. | Add +7.6% | 0.14% | +0.01 |
| WDFC WD-40 Co. | Add +4.4% | 0.10% | +0.01 |
| DCI Donaldson Co. Inc. | Add +9.4% | 0.14% | +0.00 |
| CL Colgate-Palmolive Co. | Add +0.3% | 1.00% | −0.02 |
| TJX TJX Companies Inc. | Add +0.0% | 3.83% | −0.11 |
| HDB HDFC Bank Ltd.-ADR | Add +6.1% | 1.78% | −0.12 |
| PEP Pepsico Inc. | Add +0.9% | 3.00% | −0.17 |
| AZO AutoZone Inc. | Add +0.0% | 6.08% | −0.21 |
| ADBE Adobe Inc. | Add +0.9% | 1.39% | −0.24 |
| TSM Taiwan Semiconductor-SP ADR | Add +1.4% | 8.29% | −0.70 |
| MSFT Microsoft Corp. | Add +1.1% | 8.51% | −1.10 |
| GOOGL Alphabet Inc. Class A | Add +3.5% | 7.45% | −1.24 |
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 |