PineStone Asset Management Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 30, 2025), PineStone Asset Management Inc. reported 45 stock positions worth $10.7 billion. Its top holding was Microsoft (MSFT) at 8.9% of the portfolio, followed by Alphabet Class A (GOOGL, 8.7%) and Taiwan Semiconductor-SP ADR (TSM, 8.6%). Compared with Q3 2024, it opened 1 new position, added to 29 and reduced 9. The biggest buy was Alphabet Class A (GOOGL, shares +6%) and the biggest sale Unitedhealth (UNH, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- Montreal, A8
- CIK
- 0001904893
- Portfolio Value
- $10.7B (Q4 2024)
- SEC Filing
- 0001172661-25-000421 ↗ filed Jan 30, 2025
Holdings Value
Holdings 45 stocks · $10.7B
| MSFT Microsoft Corp. | 8.86% | 2,242,074 | $945.0M | Add +9.4% |
| GOOGL Alphabet Inc. Class A | 8.74% | 4,926,734 | $932.6M | Add +5.9% |
| TSM Taiwan Semiconductor-SP ADR | 8.59% | 4,641,798 | $916.7M | Reduce -6.1% |
| MCO Moody's Corp. | 6.82% | 1,537,331 | $727.7M | Add +3.6% |
| AZO AutoZone Inc. | 6.41% | 213,575 | $683.9M | Add +6.9% |
| MA Mastercard Inc. Class A | 5.86% | 1,187,820 | $625.5M | Add +3.3% |
| UNH Unitedhealth Group Inc. | 4.10% | 865,875 | $438.0M | Reduce -1.5% |
| ORCL Oracle Corp. | 4.04% | 2,589,233 | $431.5M | Reduce -0.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 3.83% | 3,382,504 | $408.6M | Add +0.1% |
| CME Cme Group Inc. | 3.63% | 1,665,700 | $386.8M | Add +10.6% |
| SHW The Sherwin-Williams Co. | 3.58% | 1,124,999 | $382.4M | Add +3.8% |
| MSCI MSCI Inc. | 3.20% | 569,374 | $341.6M | Add +17.4% |
| PEP Pepsico Inc. | 3.17% | 2,221,971 | $337.9M | Add +21.6% |
| CARR Carrier Global Corp. | 2.69% | 4,205,847 | $287.1M | Add +2.4% |
| JNJ Johnson & Johnson | 2.66% | 1,959,872 | $283.4M | Add +13.0% |
| OTIS Otis Worldwide Corp. | 2.61% | 3,002,419 | $278.1M | Add +4.2% |
| GGG Graco Inc. | 2.29% | 2,904,681 | $244.8M | Add +2.7% |
| SPGI S&P Global Inc. | 1.95% | 418,519 | $208.4M | Add +0.9% |
| MTD Mettler-Toledo International | 1.94% | 169,420 | $207.3M | Add +2.4% |
| HDB HDFC Bank Ltd.-ADR | 1.94% | 3,243,349 | $207.1M | Add +9.8% |
| LOW Lowe's Cos Inc. | 1.90% | 821,842 | $202.8M | Add +0.5% |
| BDX Becton Dickinson and Co. | 1.76% | 825,533 | $187.3M | Reduce -1.4% |
| ADI Analog Devices Inc. | 1.38% | 691,238 | $146.9M | Reduce -0.9% |
| FDS Factset Research Systems Inc. | 1.32% | 293,088 | $140.8M | Add +7.0% |
| HLT Hilton Worldwide Holdings Inc. | 1.22% | 528,010 | $130.5M | Add +0.9% |
| ADBE Adobe Inc. | 1.16% | 279,450 | $124.3M | Add +0.4% |
| NKE Nike Inc. Class B | 0.92% | 1,303,836 | $98.7M | Add +0.6% |
| CL Colgate-Palmolive Co. | 0.92% | 1,078,521 | $98.0M | Add +8.0% |
| CPRT Copart Inc. | 0.85% | 1,585,400 | $91.0M | Add +192.4% |
| WH Wyndham Hotels & Resorts Inc. | 0.23% | 238,525 | $24.0M | Reduce -3.9% |
| FSS Federal Signal Corp. | 0.15% | 174,884 | $16.2M | Add +13.5% |
| IPAR Interparfums Inc. | 0.14% | 110,084 | $14.5M | Add +0.6% |
| DCI Donaldson Co. Inc. | 0.12% | 197,061 | $13.3M | No change |
| BRKR Bruker Corp. | 0.12% | 221,576 | $13.0M | No change |
| MEDP Medpace Holdings Inc. | 0.11% | 36,300 | $12.1M | No change |
| JBTM JBT Marel Corp. filed as JOHN BEAN TECHNOLOGIES CORP | 0.11% | 91,629 | $11.6M | Reduce -29.4% |
| SSD Simpson Manufacturing Co. Inc. | 0.11% | 70,100 | $11.6M | No change |
| TREX Trex Company Inc. | 0.11% | 162,569 | $11.2M | Add +16.6% |
| HLI Houlihan Lokey Inc. | 0.10% | 60,995 | $10.6M | Reduce -18.9% |
| FND Floor & Decor Holdings Inc. Class A | 0.10% | 104,500 | $10.4M | Add +7.7% |
| WDFC WD-40 Co. | 0.09% | 40,700 | $9.9M | No change |
| EXPO Exponent Inc. | 0.08% | 98,311 | $8.8M | Add +12.4% |
| POWI Power Integrations Inc. | 0.05% | 79,100 | $4.9M | No change |
| MIDD Middleby Corp. | 0.03% | 24,941 | $3.4M | Reduce -93.1% |
| GOOG Alphabet Inc. Class C | 0.01% | 5,020 | $956K | New |
Portfolio Sells Q3 2024 → Q4 2024
| UNH Unitedhealth Group Inc. | Reduce -1.5% | 4.10% | −0.86 |
| MIDD Middleby Corp. | Reduce -93.1% | 0.03% | −0.46 |
| ORCL Oracle Corp. | Reduce -0.3% | 4.04% | −0.23 |
| BDX Becton Dickinson and Co. | Reduce -1.4% | 1.76% | −0.19 |
| ADI Analog Devices Inc. | Reduce -0.9% | 1.38% | −0.17 |
| HLI Houlihan Lokey Inc. | Reduce -18.9% | 0.10% | −0.02 |
| JBTM JBT Marel Corp. | Reduce -29.4% | 0.11% | −0.01 |
| WH Wyndham Hotels & Resorts Inc. | Reduce -3.9% | 0.23% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -6.1% | 8.59% | +0.30 |
Portfolio Buys Q3 2024 → Q4 2024
| GOOGL Alphabet Inc. Class A | Add +5.9% | 8.74% | +1.29 |
| CPRT Copart Inc. | Add +192.4% | 0.85% | +0.58 |
| MSCI MSCI Inc. | Add +17.4% | 3.20% | +0.47 |
| CME Cme Group Inc. | Add +10.6% | 3.63% | +0.42 |
| MA Mastercard Inc. Class A | Add +3.3% | 5.86% | +0.38 |
| MSFT Microsoft Corp. | Add +9.4% | 8.86% | +0.34 |
| AZO AutoZone Inc. | Add +6.9% | 6.41% | +0.33 |
| PEP Pepsico Inc. | Add +21.6% | 3.17% | +0.17 |
| HDB HDFC Bank Ltd.-ADR | Add +9.8% | 1.94% | +0.16 |
| FDS Factset Research Systems Inc. | Add +7.0% | 1.32% | +0.10 |
| HLT Hilton Worldwide Holdings Inc. | Add +0.9% | 1.22% | +0.06 |
| MCO Moody's Corp. | Add +3.6% | 6.82% | +0.02 |
| TREX Trex Company Inc. | Add +16.6% | 0.11% | +0.02 |
| FSS Federal Signal Corp. | Add +13.5% | 0.15% | +0.01 |
| GOOG Alphabet Inc. Class C | New | 0.01% | +0.01 |
| IPAR Interparfums Inc. | Add +0.6% | 0.14% | −0.00 |
| TJX TJX Companies Inc. | Add +0.1% | 3.83% | −0.00 |
| EXPO Exponent Inc. | Add +12.4% | 0.08% | −0.02 |
| FND Floor & Decor Holdings Inc. Class A | Add +7.7% | 0.10% | −0.02 |
| JNJ Johnson & Johnson | Add +13.0% | 2.66% | −0.06 |
| CL Colgate-Palmolive Co. | Add +8.0% | 0.92% | −0.08 |
| GGG Graco Inc. | Add +2.7% | 2.29% | −0.10 |
| SPGI S&P Global Inc. | Add +0.9% | 1.95% | −0.11 |
| NKE Nike Inc. Class B | Add +0.6% | 0.92% | −0.18 |
| ADBE Adobe Inc. | Add +0.4% | 1.16% | −0.23 |
| LOW Lowe's Cos Inc. | Add +0.5% | 1.90% | −0.24 |
| OTIS Otis Worldwide Corp. | Add +4.2% | 2.61% | −0.28 |
| SHW The Sherwin-Williams Co. | Add +3.8% | 3.58% | −0.41 |
| MTD Mettler-Toledo International | Add +2.4% | 1.94% | −0.45 |
| CARR Carrier Global Corp. | Add +2.4% | 2.69% | −0.50 |
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 |