MONTRUSCO BOLTON INVESTMENTS INC.

CIK

1475940

Location

MONTREAL, A8

Portfolio Value

Mid $6,456,833,093

Diversification

Diversified

Filing Date

Global Rank

#92 / 3,203 ▲ 448

Top Industry

Semiconductors 18.2%

3Y Alpha vs SPY

-5.3%

Period ended 30 days ago

Filed Jul 21, 2026 · 9d

26 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+45.5%

SPY

+65.3%

Annualised alpha

-4.9%

Max drawdown

−18.6%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

80 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

8.2%

−1.2 pts

Top 5

30.6%

−2.6 pts

Top 10

49.4%

−2.5 pts

HHI

359

Diversified−36

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	37.4%	$2,415,625,653	16
Financial Services	13.6%	$879,114,417	12
Industrials	9.1%	$590,767,293	15
Communication Services	9.0%	$579,307,301	2
Consumer Cyclical	8.8%	$571,378,525	7
Healthcare	8.1%	$520,245,181	4
Consumer Defensive	4.2%	$272,001,809	4
Basic Materials	3.7%	$238,320,978	12
Energy	3.1%	$201,855,153	5
Real Estate	2.9%	$188,216,783	3

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

13 positions

Ticker	Company	Δ Shares	Shares	Value
ITRG	Integra Resources Corp.	+150,017	2,820,394	$6,402,294
ORLA	Orla Mining Ltd.	+108,437	468,027	$4,581,984
OTEX	Open Text Corp	+103,834	318,459	$7,053,866
BAM	Brookfield Asset Management Ltd.	+49,273	394,654	$17,700,231
DOO	BRP Inc.	+45,555	267,248	$16,307,472
IDXX	Idexx Laboratories Inc /De	+30,668	372,788	$196,250,514
AVGO	Broadcom Inc.	+11,772	637,407	$240,780,494
DSGX	Descartes Systems Group Inc	+5,635	251,870	$17,439,478
BLK	BlackRock, Inc.	+4,390	43,323	$41,657,663
CBZ	CBIZ, Inc.	+2,200	342,221	$10,978,449
CNM	Core & Main, Inc.	+1,000	168,215	$8,116,373
CP	Canadian Pacific Kansas City Ltd/Cn	+43	3,046	$263,935
SLF	Sun Life Financial Inc	+31	200,872	$15,752,382
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CMG	Chipotle Mexican Grill Inc	−1,663,168	3,095,354	$105,242,036
RYAN	Ryan Specialty Holdings, Inc.	−1,333,475	2,689,031	$101,537,810
NVDA	Nvidia Corp	−1,021,318	2,638,049	$527,847,224
WCN	Waste Connections, Inc.	−847,370	974,830	$162,494,412
MNST	Monster Beverage Corp	−846,378	2,113,791	$203,177,590
APG	APi Group Corp	−600,419	4,051,726	$171,590,596
ZTS	Zoetis Inc.	−554,952	1,111,383	$79,863,982
UBER	Uber Technologies, Inc	−530,337	1,712,052	$123,541,672
SUNB	Sunbelt Rentals Holdings, Inc.	−339,879	662,699	$49,576,512
JPM	Jpmorgan Chase & Co	−321,542	924,638	$302,661,756
GOOGL	Alphabet Inc.	−310,891	1,093,614	$390,824,835
WMT	Walmart Inc.	−303,612	292,798	$33,162,301
VLO	Valero Energy Corp/Tx	−298,803	637,430	$166,012,269
TGB	Trekor Metals Ltd	−291,161	2,740,135	$18,852,128
DHR	Danaher Corp /De/	−276,586	1,064,582	$202,781,579
AMZN	Amazon Com Inc	−248,318	1,576,144	$375,658,160
MSFT	Microsoft Corp	−228,012	1,021,431	$381,014,191
SU	Suncor Energy Inc	−187,422	290,970	$15,619,269
AAPL	Apple Inc.	−163,279	455,851	$131,905,045
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−147,343	362,899	$173,309,675
MDA	MDA Space Ltd.	−130,599	202,497	$8,359,076
BNT	Brookfield Wealth Solutions Ltd.	−128,208	179,200	$7,644,672
EXK	Endeavour Silver Corp	−123,242	1,158,855	$9,595,319
TSCO	Tractor Supply Co /De/	−110,357	1,180,097	$37,302,866
META	Meta Platforms, Inc.	−87,790	334,610	$188,482,466
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
MU	Micron Technology Inc	204,062	$235,546,725
LIN	Linde PLC	242,597	$125,893,287
GEV	GE Vernova Inc.	75,528	$88,734,826
AZN	Astrazeneca PLC	218,063	$41,349,106
CHD	Church & Dwight Co Inc /De/	354,380	$34,332,334
BNS	Bank Of Nova Scotia	305,579	$26,536,480
AYA	Aya Gold & Silver Inc.	841,081	$15,930,074
CGAU	Centerra Gold Inc.	381,557	$6,051,494
SE	Sea Ltd	20,834	$1,996,522
AER	AerCap Holdings N.V.	10,395	$1,515,383
EFXT	Enerflex Ltd.	26,650	$653,191
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
SHW	Sherwin Williams Co	360,931	$115,696,432
AGI	Alamos Gold Inc	88,079	$3,913,349
UFPT	Ufp Technologies Inc	2,604	$504,134
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

80 tracked positions · $6,456,833,093 total · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Showing 1–50 of 80 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	2,638,049	-1,021,318	$527,847,224	−17.3%	8.18%
GOOGL	Alphabet Inc. Communication Services	Reduced	1,093,614	-310,891	$390,824,835	−3.2%	6.05%
MSFT	Microsoft Corp Technology	Reduced	1,021,431	-228,012	$381,014,191	−17.6%	5.90%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	1,576,144	-248,318	$375,658,160	−1.1%	5.82%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	924,638	-321,542	$302,661,756	−17.4%	4.69%
LRCX	Lam Research Corp Technology	Reduced	671,482	-13,876	$290,973,295	+98.7%	4.51%
AVGO	Broadcom Inc. Technology	Added	637,407	+11,772	$240,780,494	+24.3%	3.73%
MA	Mastercard Inc Financial Services	Reduced	468,356	-21,487	$240,547,641	−1.7%	3.73%
MU	Micron Technology Inc Technology	NEW	204,062	NEW	$235,546,725	NEW	3.65%
MNST	Monster Beverage Corp Consumer Defensive	Reduced	2,113,791	-846,378	$203,177,590	−5.3%	3.15%
DHR	Danaher Corp /De/ Healthcare	Reduced	1,064,582	-276,586	$202,781,579	−20.3%	3.14%
IDXX	Idexx Laboratories Inc /De Healthcare	Added	372,788	+30,668	$196,250,514	+2.1%	3.04%
META	Meta Platforms, Inc. Communication Services	Reduced	334,610	-87,790	$188,482,466	−22.0%	2.92%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	362,899	-147,343	$173,309,675	+0.5%	2.68%
APG	APi Group Corp Industrials	Reduced	4,051,726	-600,419	$171,590,596	−9.0%	2.66%
VLO	Valero Energy Corp/Tx Energy	Reduced	637,430	-298,803	$166,012,269	−28.2%	2.57%
WCN	Waste Connections, Inc. Industrials	Reduced	974,830	-847,370	$162,494,412	−45.1%	2.52%
APH	Amphenol Corp /De/ Technology	Reduced	889,016	-46,535	$156,751,301	+32.6%	2.43%
PSA	Public Storage Real Estate	Reduced	438,832	-79,474	$139,684,613	−0.5%	2.16%
AAPL	Apple Inc. Technology	Reduced	455,851	-163,279	$131,905,045	−16.1%	2.04%
LIN	Linde PLC Basic Materials	NEW	242,597	NEW	$125,893,287	NEW	1.95%
UBER	Uber Technologies, Inc Technology	Reduced	1,712,052	-530,337	$123,541,672	−23.4%	1.91%
CMG	Chipotle Mexican Grill Inc Consumer Cyclical	Reduced	3,095,354	-1,663,168	$105,242,036	−30.9%	1.63%
RYAN	Ryan Specialty Holdings, Inc. Financial Services	Reduced	2,689,031	-1,333,475	$101,537,810	−25.2%	1.57%
SNPS	Synopsys Inc Technology	Reduced	202,769	-78,532	$90,449,167	−18.9%	1.40%
GEV	GE Vernova Inc. Industrials	NEW	75,528	NEW	$88,734,826	NEW	1.37%
ZTS	Zoetis Inc. Healthcare	Reduced	1,111,383	-554,952	$79,863,982	−59.5%	1.24%
RY	Royal Bank Of Canada Financial Services	Reduced	252,983	-25,218	$52,359,891	+16.3%	0.81%
SUNB	Sunbelt Rentals Holdings, Inc. Industrials	Reduced	662,699	-339,879	$49,576,512	−24.0%	0.77%
BLK	BlackRock, Inc. Financial Services	Added	43,323	+4,390	$41,657,663	+11.3%	0.65%
AZN	Astrazeneca PLC Healthcare	NEW	218,063	NEW	$41,349,106	NEW	0.64%
TD	Toronto Dominion Bank Financial Services	Reduced	317,741	-49,878	$38,583,289	+12.5%	0.60%
TSCO	Tractor Supply Co /De/ Consumer Cyclical	Reduced	1,180,097	-110,357	$37,302,866	−36.2%	0.58%
FSV	FirstService Corp Real Estate	Reduced	254,333	-9,155	$36,143,262	−1.3%	0.56%
CHD	Church & Dwight Co Inc /De/ Consumer Defensive	NEW	354,380	NEW	$34,332,334	NEW	0.53%
WMT	Walmart Inc. Consumer Defensive	Reduced	292,798	-303,612	$33,162,301	−55.3%	0.51%
GIB	Cgi Inc Technology	Reduced	500,474	-22,781	$32,315,606	−15.5%	0.50%
BMO	Bank Of Montreal /Can/ Financial Services	Reduced	171,898	-33,069	$30,374,376	+9.5%	0.47%
TFII	TFI International Inc. Industrials	Reduced	211,254	-26,911	$30,329,736	+17.2%	0.47%
BNS	Bank Of Nova Scotia Financial Services	NEW	305,579	NEW	$26,536,480	NEW	0.41%
BGSI	Boyd Group Services Inc. Consumer Cyclical	Reduced	245,132	-35,075	$23,194,389	−35.3%	0.36%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	146,585	-16,175	$22,739,731	−31.2%	0.35%
CNI	Canadian National Railway Co Industrials	Reduced	184,690	-10,800	$22,022,435	+9.6%	0.34%
TGB	Trekor Metals Ltd Basic Materials	Reduced	2,740,135	-291,161	$18,852,128	−3.6%	0.29%
BAM	Brookfield Asset Management Ltd. Financial Services	Added	394,654	+49,273	$17,700,231	+15.3%	0.27%
DSGX	Descartes Systems Group Inc Technology	Added	251,870	+5,635	$17,439,478	−1.0%	0.27%
WPM	Wheaton Precious Metals Corp. Basic Materials	Reduced	151,403	-44,559	$17,005,584	−33.8%	0.26%
DOO	BRP Inc. Consumer Cyclical	Added	267,248	+45,555	$16,307,472	+2.4%	0.25%
AYA	Aya Gold & Silver Inc. Basic Materials	NEW	841,081	NEW	$15,930,074	NEW	0.25%
SLF	Sun Life Financial Inc Financial Services	Added	200,872	+31	$15,752,382	+25.4%	0.24%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.