MONTRUSCO BOLTON INVESTMENTS INC.
Sector Allocation
- Technology47.7%$2.8B
- Financials12.8%$739.8M
- Healthcare9.2%$533.4M
- Consumer Discretionary8.3%$478.3M
- Industrials6.2%$355.0M
- Materials3.8%$221.7M
- Consumer Staples3.7%$213.1M
- Energy3.5%$204.3M
- Real Estate2.5%$143.6M
- Utilities2.0%$115.9M
AUM History
13fpro.ai/research/fund/montrusco-bolton-investments-inc-1475940
Conviction and streaks
Stable · top 10 = 49.4%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
NVDA
$522.8MMSFT
$460.4MGOOGL
$327.6MAMZN
$325.7MMETA
$213.8MLRCX
$213.0MJPM
$210.2MDHR
$202.1MMU
$194.2MVLO
$181.8MIDXX
$165.6MAVGO
$164.6MMA
$158.2MAPH
$146.8MAAPL
$142.1MMNST
$141.9MAPG
$132.0MLIN
$116.3MTSM
$114.6MWCN
$114.6M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/montrusco-bolton-investments-inc-1475940
MONTRUSCO BOLTON INVESTMENTS INC. 13F holdings — Q3 2026
$5.8B portfolio (-10.6% QoQ) · 85 holdings · Q3 2026 13F · top 10 are 49% of the stock portfolio
$522.8M
9.1% of stocks
-13%This quarter—Since Q-end—HeldAIQuality86.0#3Est. buy—$460.4M
8.0% of stocks
-12%This quarter—Since Q-end—HeldAIQuality79.8#30Est. buy—$327.6M
5.7% of stocks
-13%This quarter—Since Q-end—HeldAIQuality77.7#60Est. buy—$325.7M
5.6% of stocks
-17%This quarter—Since Q-end—HeldAIQuality67.5#361Est. buy—$213.8M
3.7% of stocks
-12%This quarter—Since Q-end—HeldAIQuality78.0#57Est. buy—$213.0M
3.7% of stocks
-3%This quarter—Since Q-end—Held$210.2M
3.6% of stocks
-31%This quarter—Since Q-end—Held$202.1M
3.5% of stocks
-14%This quarter—Since Q-end—Held$194.2M
3.4% of stocks
-11%This quarter—Since Q-end—Held$181.8M
3.1% of stocks
-26%This quarter—Since Q-end—Held
| # | Company | Value | Weight | This quarter | Since Q-end | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | $522.8M | 9.1% | -13% | — | — | 86.0#3 | — | ||
| 2 | $460.4M | 8.0% | -12% | — | — | 79.8#30 | — | ||
| 3 | $327.6M | 5.7% | -13% | — | — | 77.7#60 | — | ||
| 4 | $325.7M | 5.6% | -17% | — | — | 67.5#361 | — | ||
| 5 | $213.8M | 3.7% | -12% | — | — | 78.0#57 | — | ||
| 6 | $213.0M | 3.7% | -3% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 7 | $210.2M | 3.6% | -31% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 8 | $202.1M | 3.5% | -14% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 9 | $194.2M | 3.4% | -11% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 10 | $181.8M | 3.1% | -26% | — | — | AI quality score is Pro: unlock with a free trial | — |
All holdings — MONTRUSCO BOLTON INVESTMENTS INC. (Q3 2026)
85 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | IDEXX LABORATORIES INC /DE | Healthcare | $165.6M | 2.9% | 317K | -15% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | Broadcom Inc. | Technology | $164.6M | 2.9% | 469K | -26% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | Mastercard Inc | Financials | $158.2M | 2.7% | 287K | -39% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | AMPHENOL CORP /DE/ | Technology | $146.8M | 2.5% | 1.74M | +96% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | Apple Inc. | Technology | $142.1M | 2.5% | 427K | -6% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | Monster Beverage Corp | Consumer Staples | $141.9M | 2.5% | 3.41M | +61% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | APi Group Corp | Industrials | $132.0M | 2.3% | 3.42M | -16% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | LINDE PLC | Materials | $116.3M | 2.0% | 245K | +1.0% | — | — | 13F | |
| 19 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTDadr | Technology | $114.6M | 2.0% | 251K | -31% | — | — | 13F | |
| 20 | Waste Connections, Inc. | Utilities | $114.6M | 2.0% | 744K | -24% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Public Storage | Real Estate | $106.3M | 1.8% | 376K | -14% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Uber Technologies, Inc | Technology | $99.8M | 1.7% | 1.46M | -15% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | GE Vernova Inc. | Industrials | $82.9M | 1.4% | 87K | +16% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | CHIPOTLE MEXICAN GRILL INC | Consumer Discretionary | $78.7M | 1.4% | 2.46M | -20% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | VERTEX PHARMACEUTICALS INC / MA | Healthcare | $78.4M | 1.4% | 150K | New | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $CME | CME GROUP INC. | Financials | $75.8M | 1.3% | 289K | New | |||
| 27 | $RYAN | RYAN SPECIALTY HOLDINGS, INC. | Financials | $74.6M | 1.3% | 2.02M | -25% | |||
| 28 | $SCHW | SCHWAB CHARLES CORP | Financials | $67.9M | 1.2% | 695K | New | |||
| 29 | $SNPS | SYNOPSYS INC | Technology | $66.9M | 1.2% | 154K | -24% | |||
| 30 | $ZTS | Zoetis Inc. | Healthcare | $57.2M | 1.0% | 819K | -26% | |||
| 31 | $SUNB | Sunbelt Rentals Holdings, Inc. | Industrials | $51.8M | 0.9% | 699K | +5% | |||
| 32 | $RY | ROYAL BANK OF CANADA | Financials | $43.2M | 0.8% | 219K | -13% | |||
| 33 | $WMT | Walmart Inc. | Consumer Staples | $36.7M | 0.6% | 353K | +20% | |||
| 34 | $CHD | CHURCH & DWIGHT CO INC /DE/ | Consumer Staples | $34.6M | 0.6% | 367K | +3% | |||
| 35 | $TSCO | TRACTOR SUPPLY CO /DE/ | Consumer Discretionary | $34.5M | 0.6% | 1.10M | -6% | |||
| 36 | $TD | TORONTO DOMINION BANK | Financials | $33.6M | 0.6% | 285K | -10% | |||
| 37 | $AZN | ASTRAZENECA PLC | Healthcare | $28.7M | 0.5% | 176K | -19% | |||
| 38 | $GIB | CGI INC | Technology | $28.7M | 0.5% | 421K | -16% | |||
| 39 | $BNS | BANK OF NOVA SCOTIA | Financials | $26.0M | 0.5% | 285K | -7% | |||
| 40 | $TFII | TFI International Inc. | Industrials | $25.3M | 0.4% | 211K | -0.2% | |||
| 41 | $FSV | FirstService Corp | Real Estate | $25.1M | 0.4% | 195K | -23% | |||
| 42 | $BMO | BANK OF MONTREAL /CAN/ | Financials | $24.0M | 0.4% | 143K | -17% | |||
| 43 | $TGB | Trekor Metals Ltd | Materials | $23.0M | 0.4% | 2.58M | -6% | |||
| 44 | $DSGX | DESCARTES SYSTEMS GROUP INC | Technology | $20.6M | 0.4% | 255K | +1% | |||
| 45 | $CNI | CANADIAN NATIONAL RAILWAY CO | Industrials | $20.2M | 0.3% | 169K | -8% | |||
| 46 | $BGSI | Boyd Group Services Inc. | Consumer Discretionary | $19.0M | 0.3% | 242K | -1% | |||
| 47 | $WPM | Wheaton Precious Metals Corp. | Materials | $16.5M | 0.3% | 123K | -18% | |||
| 48 | $AEM | AGNICO EAGLE MINES LTD | Materials | $15.3M | 0.3% | 84K | -43% | |||
| 49 | $CGAU | Centerra Gold Inc. | Materials | $15.2M | 0.3% | 697K | +83% | |||
| 50 | $SLF | SUN LIFE FINANCIAL INC | Financials | $15.0M | 0.3% | 192K | -5% | |||
| 51 | $DOO | BRP Inc. | Industrials | $14.8M | 0.3% | 263K | -2% | |||
| 52 | $SU | SUNCOR ENERGY INC | Energy | $13.3M | 0.2% | 196K | -33% | |||
| 53 | $MDA | MDA Space Ltd. | Industrials | $12.1M | 0.2% | 406K | +100% | |||
| 54 | $CAE | CAE INC | Technology | $11.4M | 0.2% | 474K | -2% | |||
| 55 | $BAM | Brookfield Asset Management Ltd. | Financials | $11.2M | 0.2% | 250K | -37% | |||
| 56 | $CIGI | Colliers International Group Inc. | Real Estate | $11.1M | 0.2% | 124K | -6% | |||
| 57 | — | AYA GOLD & SILVER INC - COM | — | $10.3M | 0.2% | 381K | -55% | |||
| 58 | $SKHY | SK hynix Inc. | Technology | $10.1M | 0.2% | 55K | New | |||
| 59 | $PBA | PEMBINA PIPELINE CORP | Energy | $9.2M | 0.2% | 206K | -8% | |||
| 60 | $GIL | Gildan Activewear Inc. | Consumer Discretionary | $8.9M | 0.1% | 209K | -8% | |||
| 61 | $ELE | Elemental Royalty Corp | Materials | $8.6M | 0.1% | 448K | New | |||
| 62 | $RBA | RB GLOBAL INC. | Industrials | $7.8M | 0.1% | 95K | -25% | |||
| 63 | $EXK | ENDEAVOUR SILVER CORP | Materials | $7.3M | 0.1% | 846K | -27% | |||
| 64 | $CNM | Core & Main, Inc. | Consumer Discretionary | $7.0M | 0.1% | 168K | — | |||
| 65 | $OTEX | OPEN TEXT CORP | Technology | $6.7M | 0.1% | 297K | -7% | |||
| 66 | $OR | OR Royalties Inc. | Materials | $6.5M | 0.1% | 189K | -20% | |||
| 67 | $EFXT | Enerflex Ltd. | Industrials | $4.8M | 0.1% | 212K | +695% | |||
| 68 | $POOL | POOL CORP | Consumer Discretionary | $4.4M | 0.1% | 27K | -16% | |||
| 69 | $SPSC | SPS COMMERCE INC | Technology | $4.1M | 0.1% | 50K | -22% | |||
| 70 | $ITRG | Integra Resources Corp. | Materials | $3.8M | 0.1% | 1.48M | -48% | |||
| 71 | $SHOP | SHOPIFY INC. | Technology | $3.3M | 0.1% | 22K | -6% | |||
| 72 | $USAS | Americas Gold & Silver Corp | Materials | $2.9M | 0.1% | 663K | +33% | |||
| 73 | $CCJ | CAMECO CORP | Materials | $2.3M | 0.0% | 26K | -71% | |||
| 74 | $EQX | Equinox Gold Corp. | Materials | $2.1M | 0.0% | 185K | +25% | |||
| 75 | $EGO | ELDORADO GOLD CORP /FI | Materials | $1.9M | 0.0% | 50K | New | |||
| 76 | — | TEVA PHARMACEUTICAL INDS LTD - SHS | — | $1.9M | 0.0% | 47K | New | |||
| 77 | $AER | AerCap Holdings N.V. | Industrials | $1.5M | 0.0% | 10K | -0.3% | |||
| 78 | $ALC | ALCON INC | Healthcare | $1.5M | 0.0% | 23K | New | |||
| 79 | $SE | Sea Ltd | Industrials | $1.4M | 0.0% | 15K | -29% | |||
| 80 | $GFL | GFL Environmental Inc. | Utilities | $1.4M | 0.0% | 32K | New | |||
| 81 | $BN | BROOKFIELD Corp /ON/ | Real Estate | $1.1M | 0.0% | 30K | -66% | |||
| 82 | $RCI | ROGERS COMMUNICATIONS INC | Communication Services | $785K | 0.0% | 25K | New | |||
| 83 | $CLS | CELESTICA INC | Technology | $606K | 0.0% | 1,672 | New | |||
| 84 | $LSPD | Lightspeed Commerce Inc. | Technology | $333K | 0.0% | 34K | — | |||
| 85 | $CP | CANADIAN PACIFIC KANSAS CITY LTD/CN | Industrials | $269K | 0.0% | 3,147 | +3% |
What changed in Q3 2026
Against the previous quarter's 13F: 11 new, 14 added to, 58 trimmed, 6 sold out. Share-count changes; largest moves by dollar size first.
New positions (11)
$VRTXVERTEX PHARMACEUTICALS INC / MA$78.4M
first bought this quarter
$CMECME GROUP INC.$75.8M
first bought this quarter
$SCHWSCHWAB CHARLES CORP$67.9M
first bought this quarter
$SKHYSK hynix Inc.$10.1M
first bought this quarter
$ELEElemental Royalty Corp$8.6M
first bought this quarter
$EGOELDORADO GOLD CORP /FI$1.9M
first bought this quarter
+5 more in the Excel export
Added to (14)
now $146.8M
now $141.9M
$GEVGE Vernova Inc.+16%
now $82.9M
$CGAUCenterra Gold Inc.+83%
now $15.2M
$WMTWalmart Inc.+20%
now $36.7M
$MDAMDA Space Ltd.+100%
now $12.1M
+8 more in the Excel export
Holdings by quarter
Every 13F MONTRUSCO BOLTON INVESTMENTS INC. has filed, 42 earlier quarters. Pick one to see what it held then.
Portfolio Overview
MONTRUSCO BOLTON INVESTMENTS INC. disclosed 85 positions worth $5.8B in its Form 13F-HR for Q3 2026, led by $NVDA (NVIDIA CORP) at 9.1% of the equity portfolio, followed by $MSFT and $GOOGL. During the quarter the fund opened 11 new positions and exited 6 — including a new stake in $VRTX and a full exit from $BLK. The portfolio is most concentrated in Technology (47.7% of disclosed assets). All figures are sourced directly from MONTRUSCO BOLTON INVESTMENTS INC.’s Form 13F-HR filing with the SEC under CIK 1475940.
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