PineStone Asset Management Inc.
Long book
$14.23B
Q1 2026
Positions
44
Top-10 weight
67%
concentration
Last quarter
+10.5%
SPY +14.8%
Turnover
7%
of book per quarter
Strategy in plain words
auto-generated from filingsPineStone Asset Management Inc. is a concentrated fundamental stock-picker, running a $14.23B US long book across 44 positions.
The portfolio is concentrated: the top 10 names carry 67% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: TAIWAN SEMICONDUCTOR-SP ADR, ALPHABET INC-CL A, MICROSOFT CORP, MOODY'S CORP, MASTERCARD INC - A.
Over the last 9 quarters its long book ran on average 1.3pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.3%
Q2 2024
+7.6%
Q3 2024
-0.8%
Q4 2024
-2.7%
Q1 2025
+7.9%
Q2 2025
+8.1%
Q3 2025
+1.0%
Q4 2025
-4.9%
Q1 2026
+10.5%
Sector allocation
Services media 24%
Technology 23%
Consumer discretionary 23%
Industrials 8%
Financials 8%
Healthcare 7%
Other 3%
Consumer staples 3%
Long book by quarter
What does PineStone Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOGL ALPHABET INC-CL A | Technology | 5.2M | $1.49B | 10.5% | -10.0% |
| MSFT MICROSOFT CORP | Technology | 2.9M | $1.06B | 7.5% | -2.2% |
| MCO MOODY'S CORP | Services media | 2.3M | $1.03B | 7.2% | -1.1% |
| MA MASTERCARD INC - A | Services media | 1.8M | $904.6M | 6.4% | +6.7% |
| AZO AUTOZONE INC | Consumer discretionary | 256.8K | $867.6M | 6.1% | -4.6% |
| CME CME GROUP INC | Financials | 2.6M | $766.3M | 5.4% | -0.7% |
| TJX TJX COMPANIES INC | Consumer discretionary | 3.9M | $624.2M | 4.4% | -7.5% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 1.7M | $534.2M | 3.8% | -3.1% |
| MSCI MSCI INC | Services media | 976.8K | $526.5M | 3.7% | -2.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 1.8M | $437.2M | 3.1% | -13.5% |
| MTD METTLER-TOLEDO INTERNATIONAL | Healthcare | 322.8K | $407.1M | 2.9% | -0.1% |
| PEP PEPSICO INC | Consumer staples | 2.4M | $370.4M | 2.6% | -5.6% |
| CARR CARRIER GLOBAL CORP | Industrials | 6.6M | $370.1M | 2.6% | -8.1% |
| OTIS OTIS WORLDWIDE CORP | Industrials | 4.5M | $346.4M | 2.4% | -4.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.5M | $315.2M | 2.2% | +41.9% |
| GGG GRACO INC | Industrials | 3.6M | $306.9M | 2.2% | -4.3% |
| CPRT COPART INC | Consumer discretionary | 8.4M | $277.2M | 1.9% | -2.0% |
| ADI ANALOG DEVICES INC | Technology | 824.5K | $262.3M | 1.8% | -6.8% |
| SPGI S&P GLOBAL INC | Services media | 532.4K | $226.5M | 1.6% | -13.8% |
| HLT HILTON WORLDWIDE HOLDINGS IN | Services media | 736.7K | $224.0M | 1.6% | -7.1% |
| UNH UNITEDHEALTH GROUP INC | Financials | 808.9K | $218.9M | 1.5% | -2.0% |
| LOW LOWE'S COS INC | Consumer discretionary | 866.1K | $204.6M | 1.4% | -6.5% |
| KLAC KLA CORP | Other | 107.0K | $157.6M | 1.1% | New |
| CL COLGATE-PALMOLIVE CO | Other | 1.6M | $132.2M | 0.9% | -2.5% |
| SUNB SUNBELT RENTALS HOLDINGS INC | Services media | 1.5M | $95.8M | 0.7% | New |
| NKE NIKE INC -CL B | Other | 1.8M | $93.0M | 0.7% | -5.7% |
| FDS FACTSET RESEARCH SYSTEMS INC | Technology | 387.8K | $84.1M | 0.6% | -6.1% |
| FSS FEDERAL SIGNAL CORP | Industrials | 23.2K | $2.5M | 0.0% | -87.5% |
| HLI HOULIHAN LOKEY INC | Financials | 13.3K | $1.9M | 0.0% | -82.2% |
| JBTM JBT MAREL CORP | Industrials | 12.9K | $1.7M | 0.0% | -84.5% |
| HAYW HAYWARD HOLDINGS INC | Industrials | 103.2K | $1.4M | 0.0% | -82.7% |
| JKHY JACK HENRY & ASSOCIATES INC | Technology | 8.6K | $1.4M | 0.0% | -85.7% |
| MEDP MEDPACE HOLDINGS INC | Healthcare | 2.6K | $1.3M | 0.0% | -89.3% |
| IPAR INTERPARFUMS INC | Other | 13.7K | $1.2M | 0.0% | -87.6% |
| DCI DONALDSON CO INC | Industrials | 14.2K | $1.2M | 0.0% | -89.8% |
| EXPO EXPONENT INC | Services media | 17.0K | $1.1M | 0.0% | -87.8% |
| FND FLOOR & DECOR HOLDINGS INC-A | Consumer discretionary | 21.3K | $1.1M | 0.0% | -83.7% |
| WDFC WD-40 CO | Other | 5.2K | $1.1M | 0.0% | -88.0% |
| WH WYNDHAM HOTELS & RESORTS INC | Services media | 13.2K | $1.1M | 0.0% | -91.6% |
| TREX TREX COMPANY INC | Other | 19.9K | $724K | 0.0% | -91.1% |
| SSD SIMPSON MANUFACTURING CO INC | Industrials | 3.5K | $602K | 0.0% | -92.9% |
| POWI POWER INTEGRATIONS INC | Technology | 8.5K | $435K | 0.0% | -89.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 1, 2026 | 44 | $14.23B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 15, 2026 | 43 | $16.09B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 17, 2025 | 43 | $16.07B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 16, 2025 | 44 | $15.45B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 45 | $13.25B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 30, 2025 | 45 | $10.67B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 28, 2024 | 44 | $10.36B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR/ARESTATEMENT | Nov 20, 2024 | 43 | $9.42B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 16, 2024 | 43 | $14.19B | SEC ↗ | |
| Q1 2024 | 13F-HR | Apr 16, 2024 | 44 | $6.29B | canonical | SEC ↗ |
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