PineStone Asset Management Inc.

Registered adviser

CIK

1904893

Location

Montreal, A8

Portfolio Value

Large $15,355,337,419

Diversification

Diversified

Filing Date

Global Rank

#398 / 8,821 ▼ 13 · as of Jun 2026

Top Industry

Semiconductors 16.9%

Period ended 31 days ago

Filed Oct 16, 2026 · 15d

16 quarters · since Dec 2022

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 317431

Roster of Oct 1, 2026

Regulatory AUM

$54,134,531,229

Main clients

Pooled investment vehicles (65% of AUM)

Private funds

2 funds · Other private funds

Focus by fund count, roster of Oct 1, 2026

$878,200,455 gross assets

LEI

254900N10VI2LALV9C66

Private funds on Schedule D 7.B.(1)

As filed Mar 28, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$449,768,331 gross assets in 2 funds Other private funds $449,768,331 (2)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$54,134,531,229	Pooled investment vehicles (65%)
Apr 2025 to Mar 2026	$50,775,494,391	Pooled investment vehicles (64%)
Apr 2024 to Mar 2025	$44,334,517,660	Pooled investment vehicles (62%)
May 2023 to Mar 2024	$40,281,680,317	Other investment advisers (94%)
Apr 2023	$40,281,680,317	Other investment advisers (94%)
Apr 2022 to Mar 2023	$48,579,119,916	Other investment advisers (90%)

1 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 63.1% of the book (60%+)

Turnover

Low turnover

14.8% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 13.0 quarters (12+)

Closest benchmark: the Dow Jones Industrial Average as of 2026-07-31, active share 79.5%; sector active share 25.4% against the combined 13F book's sector weights.

Over time 15 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

43 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

13.8%

−0.9 pts

Top 5

44.5%

+1.6 pts

Top 10

64.4%

+1.3 pts

HHI

591

Diversified−1

Portfolio Trend

16 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Technology	28.1%	$4,311,002,720	6
Financial Services	24.2%	$3,721,816,587	8
Consumer Cyclical	13.9%	$2,130,101,158	5
Communication Services	9.6%	$1,479,709,502	1
Industrials	8.0%	$1,230,227,911	11
Healthcare	7.9%	$1,218,590,495	5
Basic Materials	5.7%	$878,729,629	4
Consumer Defensive	2.5%	$385,159,417	3

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

9 positions

Ticker	Company	Δ Shares	Shares	Value
HDB	Hdfc Bank Ltd	+498,886	4,878,732	$108,990,872
KLAC	Kla Corp	+248,700	2,418,400	$471,418,712
AMZN	Amazon Com Inc	+130,810	2,909,610	$724,929,331
LIN	Linde PLC	+41,024	810,807	$384,849,542
UNH	Unitedhealth Group Inc	+20,800	828,322	$304,060,439
HAYW	Hayward Holdings, Inc.	+11,300	76,868	$940,864
STVN	Stevanato Group S.p.A.	+3,200	41,335	$867,208
HLI	Houlihan Lokey, Inc.	+1,400	10,194	$1,287,909
JBTM	JBT MAREL Corp	+600	8,829	$932,254
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CPRT	Copart Inc	−1,887,894	6,025,813	$164,384,178
LOW	Lowes Companies Inc	−464,300	306,642	$56,511,054
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−328,102	4,631,892	$2,113,022,811
GOOGL	Alphabet Inc.	−307,340	4,300,481	$1,479,709,502
OTIS	Otis Worldwide Corp	−245,500	4,044,954	$260,171,441
CARR	CARRIER GLOBAL Corp	−204,600	6,128,808	$336,226,406
MSFT	Microsoft Corp	−149,240	2,437,447	$1,250,166,566
CNI	Canadian National Railway Co	−119,700	1,914,655	$227,652,479
GGG	Graco Inc	−111,500	3,074,289	$236,228,366
CME	Cme Group Inc.	−109,200	2,610,147	$683,806,311
JNJ	Johnson & Johnson	−97,100	1,636,744	$433,311,606
TJX	Tjx Companies Inc	−96,000	3,658,345	$484,035,626
CL	Colgate Palmolive Co	−94,100	1,368,699	$116,777,398
PEP	Pepsico Inc	−71,200	2,111,258	$267,538,613
MCO	Moodys Corp	−64,345	2,219,616	$1,007,994,214
AON	Aon plc	−64,120	735,173	$203,473,831
HLT	Hilton Worldwide Holdings Inc.	−53,120	607,594	$193,287,803
MSCI	MSCI Inc.	−52,440	891,110	$480,005,312
MA	Mastercard Inc	−43,240	1,788,772	$986,454,094
SHW	Sherwin Williams Co	−39,720	1,524,908	$492,957,009
SPGI	S&P Global Inc.	−27,960	633,265	$249,804,044
MTD	Mettler Toledo International Inc	−8,818	317,302	$479,427,456
AZO	Autozone Inc	−7,040	237,220	$671,337,344
ADI	Analog Devices Inc	−5,160	878,833	$348,641,839
IPAR	Interparfums Inc	−2,100	7,601	$843,406
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
AVGO	Broadcom Inc.	361,120	$126,821,732
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
FND	Floor & Decor Holdings, Inc.	14,300	$848,848
WH	Wyndham Hotels & Resorts, Inc.	6,650	$559,996
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

43 tracked positions · $15,355,337,419 total · filing declares 43 positions · $15,355,937,704 · as of Sep 30, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	4,631,892	-328,102	$2,113,022,811	−10.8%	13.76%
GOOGL	Alphabet Inc. Communication Services	Reduced	4,300,481	-307,340	$1,479,709,502	−10.1%	9.64%
MSFT	Microsoft Corp Technology	Reduced	2,437,447	-149,240	$1,250,166,566	+29.6%	8.14%
MCO	Moodys Corp Financial Services	Reduced	2,219,616	-64,345	$1,007,994,214	−2.6%	6.56%
MA	Mastercard Inc Financial Services	Reduced	1,788,772	-43,240	$986,454,094	+4.8%	6.42%
AMZN	Amazon Com Inc Consumer Cyclical	Added	2,909,610	+130,810	$724,929,331	+9.5%	4.72%
CME	Cme Group Inc. Financial Services	Reduced	2,610,147	-109,200	$683,806,311	+13.9%	4.45%
AZO	Autozone Inc Consumer Cyclical	Reduced	237,220	-7,040	$671,337,344	−14.0%	4.37%
SHW	Sherwin Williams Co Basic Materials	Reduced	1,524,908	-39,720	$492,957,009	−8.5%	3.21%
TJX	Tjx Companies Inc Consumer Cyclical	Reduced	3,658,345	-96,000	$484,035,626	−14.9%	3.15%
MSCI	MSCI Inc. Financial Services	Reduced	891,110	-52,440	$480,005,312	−9.2%	3.13%
MTD	Mettler Toledo International Inc Healthcare	Reduced	317,302	-8,818	$479,427,456	+15.1%	3.12%
KLAC	Kla Corp Technology	Added	2,418,400	+248,700	$471,418,712	−28.0%	3.07%
JNJ	Johnson & Johnson Healthcare	Reduced	1,636,744	-97,100	$433,311,606	−1.6%	2.82%
LIN	Linde PLC Basic Materials	Added	810,807	+41,024	$384,849,542	−3.7%	2.51%
ADI	Analog Devices Inc Technology	Reduced	878,833	-5,160	$348,641,839	−0.7%	2.27%
CARR	CARRIER GLOBAL Corp Industrials	Reduced	6,128,808	-204,600	$336,226,406	−27.6%	2.19%
UNH	Unitedhealth Group Inc Healthcare	Added	828,322	+20,800	$304,060,439	−9.4%	1.98%
PEP	Pepsico Inc Consumer Defensive	Reduced	2,111,258	-71,200	$267,538,613	−9.5%	1.74%
OTIS	Otis Worldwide Corp Industrials	Reduced	4,044,954	-245,500	$260,171,441	−15.3%	1.69%
SPGI	S&P Global Inc. Financial Services	Reduced	633,265	-27,960	$249,804,044	−7.2%	1.63%
GGG	Graco Inc Industrials	Reduced	3,074,289	-111,500	$236,228,366	−1.9%	1.54%
CNI	Canadian National Railway Co Industrials	Reduced	1,914,655	-119,700	$227,652,479	−6.2%	1.48%
AON	Aon plc Financial Services	Reduced	735,173	-64,120	$203,473,831	−23.3%	1.33%
HLT	Hilton Worldwide Holdings Inc. Consumer Cyclical	Reduced	607,594	-53,120	$193,287,803	−11.5%	1.26%
CPRT	Copart Inc Industrials	Reduced	6,025,813	-1,887,894	$164,384,178	−26.3%	1.07%
AVGO	Broadcom Inc. Technology	NEW	361,120	NEW	$126,821,732	NEW	0.83%
CL	Colgate Palmolive Co Consumer Defensive	Reduced	1,368,699	-94,100	$116,777,398	−12.9%	0.76%
HDB	Hdfc Bank Ltd Financial Services	Added	4,878,732	+498,886	$108,990,872	−3.7%	0.71%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	306,642	-464,300	$56,511,054	−66.8%	0.37%
FSS	Federal Signal Corp Industrials	Reduced	15,386	-600	$1,704,614	−17.0%	0.01%
HLI	Houlihan Lokey, Inc. Financial Services	Added	10,194	+1,400	$1,287,909	+9.2%	0.01%
HAYW	Hayward Holdings, Inc. Industrials	Added	76,868	+11,300	$940,864	−17.1%	0.01%
JBTM	JBT MAREL Corp Industrials	Added	8,829	+600	$932,254	−21.9%	0.01%
JKHY	Jack Henry & Associates Inc Technology	Held	6,500	0	$931,060	+4.0%	0.01%
MEDP	Medpace Holdings, Inc. Healthcare	Reduced	1,480	-280	$923,786	−0.9%	0.01%
STVN	Stevanato Group S.p.A. Healthcare	Added	41,335	+3,200	$867,208	+25.8%	0.01%
IPAR	Interparfums Inc Consumer Defensive	Reduced	7,601	-2,100	$843,406	−22.3%	0.01%
EXPO	Exponent Inc Industrials	Held	11,794	0	$771,563	+11.3%	0.01%
DCI	DONALDSON Co INC Industrials	Held	8,328	0	$724,869	−3.0%	0.00%
WDFC	Wd 40 Co Basic Materials	Reduced	3,039	-400	$613,786	−26.7%	0.00%
TREX	Trex Co Inc Industrials	Reduced	11,269	-800	$490,877	−18.7%	0.00%
SSD	Simpson Manufacturing Co., Inc. Basic Materials	Reduced	1,810	-200	$309,292	−26.5%	0.00%

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.