— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

PineStone Asset Management Inc.

1981 MCGILL COLLEGE AVENUE SUITE 1600, MONTREAL, A8 H3A2Y1 • 4387930358

Q4 2025 · Filed 2026-01-15
Market Value
$16.1B
+0.1%
Holdings
44
New Purchases
1
Added To
17
Closed
1
Reduced
19
Top 10 Concentration
66.5%
Turnover
4.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AMZN 1.53% 0.00% +1.53% $246M
GOOGL 11.18% 9.68% +1.50% $1.8B
MCO 7.54% 6.71% +0.83% $1.2B
TSM 11.80% 11.38% +0.43% $1.9B
MA 6.02% 5.61% +0.41% $969M
CARR 2.35% 1.97% +0.38% $378M
MTD 2.80% 2.47% +0.33% $450M
JNJ 2.66% 2.41% +0.25% $428M
SPGI 2.01% 1.83% +0.18% $323M
MSCI 3.57% 3.40% +0.17% $574M
HDB 1.89% 1.74% +0.15% $304M
TJX 4.04% 3.90% +0.13% $649M
PEP 2.25% 2.12% +0.13% $363M
CME 4.44% 4.32% +0.12% $714M
ADI 1.49% 1.41% +0.08% $240M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ORCL 2.18% 6.00% -3.82% $351M
AZO 5.67% 7.08% -1.41% $913M
MSFT 8.81% 9.37% -0.56% $1.4B
ADBE 0.00% 0.44% -0.44% $0
LOW 1.39% 1.52% -0.13% $223M
CPRT 2.07% 2.16% -0.09% $333M
SHW 3.46% 3.55% -0.08% $557M
GGG 1.93% 2.01% -0.08% $311M
WH 0.07% 0.10% -0.03% $12M
TREX 0.05% 0.08% -0.03% $8M
OTIS 2.54% 2.57% -0.03% $409M
CL 0.78% 0.80% -0.02% $126M
IPAR 0.06% 0.07% -0.01% $9M
HLI 0.08% 0.10% -0.01% $13M
FSS 0.13% 0.14% -0.01% $20M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 26.2%
Technology 23.0%
Consumer Cyclical 16.4%
Communication Services 10.5%
Industrials 9.2%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 9 $7.7B 48.1%
Large Cap 21 $8.1B 50.3%
Mid Cap 14 $251M 1.6%

Portfolio Analytics

Avg Market Cap
$374.5B
Median Market Cap
$54.3B
Avg P/E
32.2
Median P/E
26.2
Avg Dividend Yield
0.01%
Avg Beta
1.00
# Stocks
44
# ETFs / Funds
0

Top Holdings (44 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 TSM 11.80% 6,246,545 $1.9B $303.93 $70M -299,234 -4.6%
2 GOOGL 11.18% 5,747,054 $1.8B $313.00 $243M -651,873 -10.2%
3 MSFT 8.81% 2,931,514 $1.4B $483.62 -$88M +23,478 +0.8%
4 MCO 7.54% 2,375,768 $1.2B $510.85 $135M +111,725 +4.9%
5 MA 6.02% 1,697,191 $969M $570.88 $67M +111,501 +7.0%
6 AZO 5.67% 269,173 $913M $3,391.50 -$225M +3,868 +1.5%
7 CME 4.44% 2,613,439 $714M $273.08 $19M +43,352 +1.7%
8 TJX 4.04% 4,226,294 $649M $153.61 $22M -112,253 -2.6%
9 MSCI 3.57% 1,000,942 $574M $573.73 $29M +39,099 +4.1%
10 SHW 3.46% 1,719,020 $557M $324.03 -$13M +73,135 +4.4%
11 MTD 2.80% 323,074 $450M $1,394.19 $53M -496 -0.1%
12 JNJ 2.66% 2,067,667 $428M $206.95 $40M -22,742 -1.1%
13 OTIS 2.54% 4,679,997 $409M $87.35 -$4M +163,476 +3.6%
14 CARR 2.35% 7,153,429 $378M $52.84 $61M +1,837,985 +34.6%
15 PEP 2.25% 2,525,948 $363M $143.52 $22M +99,074 +4.1%
16 ORCL 2.18% 1,800,309 $351M $194.91 -$614M -1,629,062 -47.5%
17 CPRT 2.07% 8,517,154 $333M $39.15 -$14M +794,502 +10.3%
18 SPGI 2.01% 617,388 $323M $522.60 $29M +14,520 +2.4%
19 GGG 1.93% 3,788,983 $311M $81.97 -$12M -13,327 -0.3%
20 HDB 1.89% 8,315,726 $304M $36.54 $25M +151,992 +1.9%
21 UNH 1.69% 825,705 $273M $330.11 $5M +51,081 +6.6%
22 AMZN 1.53% 1,066,600 $246M $230.82 +1,066,600 NEW
23 ADI 1.49% 885,076 $240M $271.20 $13M -39,900 -4.3%
24 HLT 1.42% 792,764 $228M $287.25 $11M -40,960 -4.9%
25 LOW 1.39% 926,350 $223M $241.16 -$21M -46,300 -4.8%
26 CL 0.78% 1,590,289 $126M $79.02 -$3M -13,800 -0.9%
27 FDS 0.74% 412,864 $120M $290.19 -$369K -6,620 -1.6%
28 NKE 0.74% 1,867,235 $119M $63.71 $4M +221,900 +13.5%
29 FSS 0.13% 185,484 $20M $108.59 -$2M
30 MEDP 0.09% 24,700 $14M $561.65 -$1M -4,500 -15.4%
31 HLI 0.08% 74,495 $13M $174.19 -$2M
32 JBTM 0.08% 83,429 $13M $150.67 $319K -3,800 -4.4%
33 DCI 0.08% 139,361 $12M $88.66 $8K -11,500 -7.6%
34 WH 0.07% 156,650 $12M $75.56 -$5M -52,100 -25.0%
35 JKHY 0.07% 60,200 $11M $182.48 $2M
36 EXPO 0.06% 139,494 $10M $69.46 $567K +8,200 +6.2%
37 IPAR 0.06% 110,852 $9M $84.83 -$2M -8,500 -7.1%
38 HAYW 0.06% 595,200 $9M $15.45 $196K
39 WDFC 0.05% 43,610 $9M $196.90 -$31K
40 SSD 0.05% 49,610 $8M $161.47 -$2M -7,200 -12.7%
41 FND 0.05% 130,800 $8M $60.89 -$312K +18,500 +16.5%
42 TREX 0.05% 223,169 $8M $35.08 -$5M -16,600 -6.9%
43 POWI 0.02% 79,100 $3M $35.54 -$369K
44 ADBE —% -$71M -200,464 -100.0% SOLD

New Positions

SymbolValue% Port
AMZN $246M 1.53%

Sold Out Positions

SymbolValue% Port
ADBE —%
View SEC EDGAR Filings for PineStone Asset Management Inc. →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms