MONTRUSCO BOLTON INVESTMENTS INC.
Long book
$6.61B
Q1 2026
Positions
72
Top-10 weight
52%
concentration
Last quarter
+11.2%
SPY +14.8%
Turnover
19%
of book per quarter
Strategy in plain words
auto-generated from filingsMONTRUSCO BOLTON INVESTMENTS INC. is a diversified fundamental manager, running a $6.61B US long book across 72 positions.
The portfolio is concentrated: the top 10 names carry 52% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, MICROSOFT CORP, ALPHABET INC-CL A, AMAZON.COM INC, JPMORGAN CHASE & CO.
Over the last 9 quarters its long book ran on average 1.7pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.7%
Q2 2024
+3.2%
Q3 2024
-0.8%
Q4 2024
-3.8%
Q1 2025
+13.5%
Q2 2025
+6.9%
Q3 2025
+1.5%
Q4 2025
-7.9%
Q1 2026
+11.2%
Sector allocation
Technology 41%
Consumer discretionary 12%
Services media 12%
Financials 11%
Materials 5%
Utilities 5%
Energy 4%
Industrials 3%
Long book by quarter
What does MONTRUSCO BOLTON own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 3.7M | $619.0M | 9.4% | -8.3% |
| MSFT MICROSOFT CORP | Technology | 1.2M | $449.6M | 6.8% | -22.6% |
| GOOGL ALPHABET INC-CL A | Technology | 1.4M | $394.3M | 6.0% | -19.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.8M | $369.6M | 5.6% | -14.1% |
| JPM JPMORGAN CHASE & CO | Financials | 1.2M | $356.0M | 5.4% | +23.9% |
| WCN WASTE CONNECTIONS INC | Utilities | 1.8M | $286.5M | 4.3% | -22.3% |
| DHR DANAHER CORP | Technology | 1.3M | $246.2M | 3.7% | -7.2% |
| MA MASTERCARD INC - A | Services media | 489.8K | $236.6M | 3.6% | +28.0% |
| META META PLATFORMS INC-CLASS A | Technology | 422.4K | $235.6M | 3.6% | -7.7% |
| VLO VALERO ENERGY CORP | Energy | 936.2K | $231.3M | 3.5% | -15.0% |
| MNST MONSTER BEVERAGE CORP | Consumer staples | 3.0M | $209.9M | 3.2% | -16.4% |
| ZTS ZOETIS INC | Healthcare | 1.7M | $191.4M | 2.9% | -23.1% |
| AVGO BROADCOM INC | Technology | 625.6K | $187.9M | 2.8% | +119.0% |
| IDXX IDEXX LABORATORIES INC | Materials | 342.1K | $186.7M | 2.8% | +93.4% |
| APG API GROUP CORP | Services media | 4.7M | $183.5M | 2.8% | +50.5% |
| AAPL APPLE INC | Technology | 619.1K | $157.1M | 2.4% | -22.0% |
| UBER UBER TECHNOLOGIES INC | Services media | 2.2M | $156.2M | 2.4% | +7.5% |
| CMG CHIPOTLE MEXICAN GRILL INC | Consumer discretionary | 4.8M | $148.2M | 2.2% | -10.0% |
| LRCX LAM RESEARCH CORP | Industrials | 685.4K | $142.2M | 2.2% | +9.3% |
| RYAN RYAN SPECIALTY HOLDINGS INC | Financials | 4.0M | $132.1M | 2.0% | -7.4% |
| APH AMPHENOL CORP-CL A | Technology | 935.6K | $118.2M | 1.8% | New |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 360.9K | $113.0M | 1.7% | -6.9% |
| SNPS SYNOPSYS INC | Technology | 281.3K | $108.8M | 1.6% | -37.7% |
| WMT WALMART INC | Consumer discretionary | 596.4K | $74.1M | 1.1% | -0.4% |
| TSCO TRACTOR SUPPLY COMPANY | Consumer discretionary | 1.3M | $58.5M | 0.9% | +0.4% |
| SUNB SUNBELT RENTALS HOLDINGS INC | Services media | 1.0M | $57.2M | 0.9% | New |
| RY ROYAL BANK OF CANADA | Financials | 278.2K | $44.8M | 0.7% | -2.5% |
| GIB CGI INC | Services media | 523.3K | $38.1M | 0.6% | +0.9% |
| BLK BLACKROCK INC | Financials | 38.9K | $37.4M | 0.6% | -84.3% |
| FSV FIRSTSERVICE CORP | Real estate | 263.5K | $36.5M | 0.6% | +38.1% |
| BGSI THE BOYD GROUP INC | Services media | 280.2K | $35.7M | 0.5% | New |
| TD TORONTO-DOMINION BANK | Financials | 367.6K | $34.2M | 0.5% | -1.7% |
| AEM AGNICO EAGLE MINES LTD | Materials | 162.8K | $32.9M | 0.5% | -4.9% |
| SU SUNCOR ENERGY INC | Energy | 478.4K | $31.5M | 0.5% | -3.3% |
| BMO BANK OF MONTREAL | Financials | 205.0K | $27.7M | 0.4% | -1.7% |
| TFII TFI INTERNATIONAL INC | Industrials | 238.2K | $25.8M | 0.4% | -20.4% |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 196.0K | $25.6M | 0.4% | +0.8% |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 195.5K | $20.1M | 0.3% | -1.3% |
| UDM TASEKO MINES LTD | — | 3.0M | $19.6M | 0.3% | +23.5% |
| DSGX DESCARTES SYSTEMS GRP/THE | Technology | 246.2K | $17.6M | 0.3% | +27.8% |
| DOO BRP INC/CA- SUB VOTING | Industrials | 221.7K | $15.9M | 0.2% | -17.7% |
| CIGI COLLIERS INTL GR-SUBORD VOT | Real estate | 145.3K | $15.5M | 0.2% | +12.5% |
| BAM BROOKFIELD ASSET MGMT-A | Financials | 345.4K | $15.3M | 0.2% | +7.3% |
| RBA RB GLOBAL INC | Services media | 155.7K | $14.9M | 0.2% | -7.0% |
| CAE CAE INC | Technology | 565.5K | $14.7M | 0.2% | Held |
| GIL GILDAN ACTIVEWEAR INC | Other | 244.3K | $13.6M | 0.2% | -0.7% |
| BNT BROOKFIELD WEALTH SOLUTIONS | Financials | 307.4K | $12.7M | 0.2% | +30.8% |
| SLF SUN LIFE FINANCIAL INC | Financials | 200.8K | $12.5M | 0.2% | -1.3% |
| EXK ENDEAVOUR SILVER CORP | Materials | 1.3M | $11.9M | 0.2% | -8.6% |
| CCJ CAMECO CORP | Materials | 94.0K | $10.2M | 0.2% | -2.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 28, 2026 | 72 | $6.61B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 29, 2026 | 73 | $8.03B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 78 | $8.59B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 25, 2025 | 75 | $9.01B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 2, 2025 | 62 | $7.61B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 23, 2025 | 61 | $8.26B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 62 | $9.49B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 24, 2024 | 58 | $9.53B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 30, 2024 | 58 | $9.40B | canonical | SEC ↗ |
Similar funds
DIAMANT ASSET MANAGEMENT, INC. LILLY ENDOWMENT INCBROOKFIELD Corp /ON/GQG Partners LLCMITSUBISHI UFJ FINANCIAL GROUP INCNewport Trust Company, LLCVIKING GLOBAL INVESTORS LPPARNASSUS INVESTMENTS, LLC MASTERCARD FOUNDATION ASSET MANAGEMENT CORPPZENA INVESTMENT MANAGEMENT LLCCOATUE MANAGEMENT LLCWinslow Capital Management, LLC