MONTRUSCO BOLTON INVESTMENTS INC.
CIK 0001475940
Annualised vol
16.917805%
Beta
0.812223
HHI
358.88832
Top-10 weight
49.402476%
VaR 95%
1.636339%
VaR 99%
3.009735%
Max drawdown
27.025927%
Matched value
81.338231%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| NVDA | REDUCED | 2,638,049 | 3,659,367 | -27.91% | 527,847,224 |
| GOOGL | REDUCED | 1,093,614 | 1,404,505 | -22.14% | 390,824,835 |
| MSFT | REDUCED | 1,021,431 | 1,249,443 | -18.25% | 381,014,192 |
| AMZN | REDUCED | 1,576,144 | 1,824,462 | -13.61% | 375,658,161 |
| JPM | REDUCED | 924,638 | 1,246,180 | -25.8% | 302,661,757 |
| LRCX | REDUCED | 671,482 | 685,358 | -2.02% | 290,973,295 |
| AVGO | ADDED | 637,407 | 625,635 | 1.88% | 240,780,495 |
| MA | REDUCED | 468,356 | 489,843 | -4.39% | 240,547,641 |
| MU | NEW | 204,062 | - | - | 235,546,726 |
| MNST | REDUCED | 2,113,791 | 2,960,169 | -28.59% | 203,177,591 |
| META | REDUCED | 334,610 | 422,400 | -20.78% | 188,482,467 |
| APG | REDUCED | 4,051,726 | 4,652,145 | -12.91% | 171,590,597 |
| WCN | REDUCED | 974,830 | 1,822,200 | -46.5% | 162,494,412 |
| PSA | NEW | 438,832 | - | - | 139,684,614 |
| AAPL | REDUCED | 455,851 | 619,130 | -26.37% | 131,905,045 |
| LIN | NEW | 242,597 | - | - | 125,893,287 |
| UBER | REDUCED | 1,712,052 | 2,242,389 | -23.65% | 123,541,673 |
| CMG | REDUCED | 3,095,354 | 4,758,522 | -34.95% | 105,242,036 |
| RYAN | REDUCED | 2,689,031 | 4,022,506 | -33.15% | 101,537,811 |
| SNPS | REDUCED | 202,769 | 281,301 | -27.92% | 90,449,168 |
| GEV | NEW | 75,528 | - | - | 88,734,826 |
| ZTS | REDUCED | 1,111,383 | 1,666,335 | -33.3% | 79,863,983 |
| SUNB | REDUCED | 662,699 | 1,002,578 | -33.9% | 48,341,016 |
| BLK | ADDED | 43,323 | 38,933 | 11.28% | 41,657,663 |
| AZN | NEW | 218,063 | - | - | 40,808,800 |
| FSV | REDUCED | 254,333 | 263,488 | -3.47% | 36,152,484 |
| WMT | REDUCED | 292,798 | 596,410 | -50.91% | 33,162,301 |
| GIB | REDUCED | 500,474 | 523,255 | -4.35% | 32,337,235 |
| TFII | NEW | 211,254 | - | - | 30,398,241 |
| BGSI | REDUCED | 245,132 | 280,207 | -12.52% | 23,202,662 |
| AEM | REDUCED | 146,585 | 162,760 | -9.94% | 22,767,556 |
| TGB | NEW | 2,740,135 | - | - | 18,888,825 |
| WPM | REDUCED | 151,403 | 195,962 | -22.74% | 17,025,434 |
| DOO | ADDED | 267,248 | 221,693 | 20.55% | 16,318,375 |
| AYA | NEW | 841,081 | - | - | 15,923,479 |
| SLF | ADDED | 200,872 | 200,841 | 0.02% | 15,765,355 |
| SU | REDUCED | 290,970 | 478,392 | -39.18% | 15,648,290 |
| RBA | REDUCED | 127,548 | 155,700 | -18.08% | 14,843,665 |
| CIGI | REDUCED | 132,092 | 145,285 | -9.08% | 12,391,277 |
| CAE | REDUCED | 484,500 | 565,500 | -14.32% | 12,126,587 |
| GIL | REDUCED | 226,300 | 244,300 | -7.37% | 11,663,123 |
| CBZ | ADDED | 342,221 | 340,021 | 0.65% | 10,978,450 |
| PBA | REDUCED | 224,122 | 224,396 | -0.12% | 10,366,087 |
| EXK | REDUCED | 1,158,855 | 1,282,097 | -9.61% | 9,613,902 |
| CCJ | REDUCED | 90,367 | 93,959 | -3.82% | 9,207,721 |
| MDA | REDUCED | 202,497 | 333,096 | -39.21% | 8,363,929 |
| CNM | ADDED | 168,215 | 167,215 | 0.6% | 8,116,374 |
| OR | REDUCED | 236,714 | 254,620 | -7.03% | 7,493,093 |
| OTEX | ADDED | 318,459 | 214,625 | 48.38% | 7,045,940 |
| POOL | UNCHANGED | 32,295 | 32,295 | 0.0% | 6,940,195 |
| CGAU | NEW | 381,557 | - | - | 6,048,435 |
| SHOP | REDUCED | 23,843 | 26,612 | -10.41% | 2,726,883 |
| SE | NEW | 20,834 | - | - | 1,996,522 |
| EQX | REDUCED | 147,776 | 149,134 | -0.91% | 1,439,481 |
| PG | UNCHANGED | 9,067 | 9,067 | 0.0% | 1,329,585 |
| EFXT | NEW | 26,650 | - | - | 654,252 |
| LSPD | UNCHANGED | 34,000 | 34,000 | 0.0% | 355,877 |
| SHW | CLOSED OUT | 0 | 360,931 | -100.0% | 0 |
| AGI | CLOSED OUT | 0 | 88,079 | -100.0% | 0 |
| UFPT | CLOSED OUT | 0 | 2,604 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| NVDA | REDUCED | NVIDIA CORPORATION | COM | 67066G104 | 527,847,224 | 8.18 | 2638049.0 |
| GOOGL | REDUCED | ALPHABET INC | CAP STK CL A | 02079K305 | 390,824,835 | 6.05 | 1093614.0 |
| MSFT | REDUCED | MICROSOFT CORP | COM | 594918104 | 381,014,192 | 5.9 | 1021431.0 |
| AMZN | REDUCED | AMAZON COM INC | COM | 023135106 | 375,658,161 | 5.82 | 1576144.0 |
| JPM | REDUCED | JPMORGAN CHASE & CO | COM | 46625H100 | 302,661,757 | 4.69 | 924638.0 |
| LRCX | REDUCED | LAM RESEARCH CORP | COM NEW | 512807306 | 290,973,295 | 4.51 | 671482.0 |
| AVGO | ADDED | BROADCOM INC | COM | 11135F101 | 240,780,495 | 3.73 | 637407.0 |
| MA | REDUCED | MASTERCARD INCORPORATED | CL A | 57636Q104 | 240,547,641 | 3.73 | 468356.0 |
| MU | NEW | MICRON TECHNOLOGY INC | COM | 595112103 | 235,546,726 | 3.65 | 204062.0 |
| MNST | REDUCED | MONSTER BEVERAGE CORP NEW | COM | 61174X109 | 203,177,591 | 3.15 | 2113791.0 |
| - | DANAHER CORP DEL | COM | 235851102 | 202,781,580 | 3.14 | 1064582.0 | |
| - | IDEXX LABS INC | COM | 45168D104 | 196,250,515 | 3.04 | 372788.0 | |
| META | REDUCED | META PLATFORMS INC | CL A | 30303M102 | 188,482,467 | 2.92 | 334610.0 |
| - | TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 | 173,309,676 | 2.68 | 362899.0 | |
| APG | REDUCED | API GROUP CORP | COM STK | 00187Y100 | 171,590,597 | 2.66 | 4051726.0 |
| - | VALERO ENERGY CORP | COM | 91913Y100 | 166,012,269 | 2.57 | 637430.0 | |
| WCN | REDUCED | WASTE CONNECTIONS INC | COM | 94106B101 | 162,494,412 | 2.52 | 974830.0 |
| - | AMPHENOL CORP | CL A | 032095101 | 156,751,302 | 2.43 | 889016.0 | |
| PSA | NEW | PUBLIC STORAGE | COM | 74460D109 | 139,684,614 | 2.16 | 438832.0 |
| AAPL | REDUCED | APPLE INC | COM | 037833100 | 131,905,045 | 2.04 | 455851.0 |
| LIN | NEW | LINDE PLC | SHS | G54950103 | 125,893,287 | 1.95 | 242597.0 |
| UBER | REDUCED | UBER TECHNOLOGIES INC | COM | 90353T100 | 123,541,673 | 1.91 | 1712052.0 |
| CMG | REDUCED | CHIPOTLE MEXICAN GRILL INC | COM | 169656105 | 105,242,036 | 1.63 | 3095354.0 |
| RYAN | REDUCED | RYAN SPECIALTY HOLDINGS INC | CL A | 78351F107 | 101,537,811 | 1.57 | 2689031.0 |
| SNPS | REDUCED | SYNOPSYS INC | COM | 871607107 | 90,449,168 | 1.4 | 202769.0 |
| GEV | NEW | GE VERNOVA INC | COM | 36828A101 | 88,734,826 | 1.37 | 75528.0 |
| ZTS | REDUCED | ZOETIS INC | CL A | 98978V103 | 79,863,983 | 1.24 | 1111383.0 |
| - | ROYAL BK CDA | COM | 780087102 | 52,367,258 | 0.81 | 252983.0 | |
| SUNB | REDUCED | SUNBELT RENTALS HOLDINGS INC | SHS | 866966104 | 48,341,016 | 0.75 | 662699.0 |
| BLK | ADDED | BLACKROCK INC | COM | 09290D101 | 41,657,663 | 0.65 | 43323.0 |
| AZN | NEW | ASTRAZENECA PLC | ORD | G0593M107 | 40,808,800 | 0.63 | 218063.0 |
| - | TORONTO DOMINION BK ONT | COM NEW | 891160509 | 38,619,389 | 0.6 | 317741.0 | |
| - | TRACTOR SUPPLY CO | COM | 892356106 | 37,302,866 | 0.58 | 1180097.0 | |
| FSV | REDUCED | FIRSTSERVICE CORP NEW | COM | 33767E202 | 36,152,484 | 0.56 | 254333.0 |
| - | CHURCH & DWIGHT CO INC | COM | 171340102 | 34,332,335 | 0.53 | 354380.0 | |
| WMT | REDUCED | WALMART INC | COM | 931142103 | 33,162,301 | 0.51 | 292798.0 |
| GIB | REDUCED | CGI INC | CL A SUB VTG | 12532H104 | 32,337,235 | 0.5 | 500474.0 |
| TFII | NEW | TFI INTERNATIONAL INC | COM | 87241L109 | 30,398,241 | 0.47 | 211254.0 |
| - | BANK MONTREAL MEDIUM | COM | 063671101 | 30,371,575 | 0.47 | 171898.0 | |
| - | BANK NOVA SCOTIA B C | COM | 064149107 | 26,550,642 | 0.41 | 305579.0 | |
| BGSI | REDUCED | BOYD GROUP SERVICES INC | COM | 103310108 | 23,202,662 | 0.36 | 245132.0 |
| AEM | REDUCED | AGNICO EAGLE MINES LTD | COM | 008474108 | 22,767,556 | 0.35 | 146585.0 |
| - | CANADIAN NATL RY CO | COM | 136375102 | 22,032,622 | 0.34 | 184690.0 | |
| TGB | NEW | TREKOR METALS LTD | COM | 89472Y107 | 18,888,825 | 0.29 | 2740135.0 |
| - | BROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 113004105 | 17,697,189 | 0.27 | 394654.0 | |
| - | DESCARTES SYS GROUP INC | COM | 249906108 | 17,438,724 | 0.27 | 251870.0 | |
| WPM | REDUCED | WHEATON PRECIOUS METALS CORP | COM | 962879102 | 17,025,434 | 0.26 | 151403.0 |
| DOO | ADDED | BRP INC | COM SUN VTG | 05577W200 | 16,318,375 | 0.25 | 267248.0 |
| AYA | NEW | AYA GOLD & SILVER INC | COM | 05466C109 | 15,923,479 | 0.25 | 841081.0 |
| SLF | ADDED | SUN LIFE FINANCIAL INC. | COM | 866796105 | 15,765,355 | 0.24 | 200872.0 |
| SU | REDUCED | SUNCOR ENERGY INC NEW | COM | 867224107 | 15,648,290 | 0.24 | 290970.0 |
| RBA | REDUCED | RB GLOBAL INC | COM | 74935Q107 | 14,843,665 | 0.23 | 127548.0 |
| CIGI | REDUCED | COLLIERS INTL GROUP INC | SUB VTG SHS | 194693107 | 12,391,277 | 0.19 | 132092.0 |
| CAE | REDUCED | CAE INC | COM | 124765108 | 12,126,587 | 0.19 | 484500.0 |
| GIL | REDUCED | GILDAN ACTIVEWEAR INC | COM | 375916103 | 11,663,123 | 0.18 | 226300.0 |
| CBZ | ADDED | CBIZ INC | COM | 124805102 | 10,978,450 | 0.17 | 342221.0 |
| PBA | REDUCED | PEMBINA PIPELINE CORP | COM | 706327103 | 10,366,087 | 0.16 | 224122.0 |
| EXK | REDUCED | ENDEAVOUR SILVER CORP | COM | 29258Y103 | 9,613,902 | 0.15 | 1158855.0 |
| CCJ | REDUCED | CAMECO CORP | COM | 13321L108 | 9,207,721 | 0.14 | 90367.0 |
| MDA | REDUCED | MDA SPACE LTD | COM | 55293N109 | 8,363,929 | 0.13 | 202497.0 |
| CNM | ADDED | CORE & MAIN INC | CL A | 21874C102 | 8,116,374 | 0.13 | 168215.0 |
| - | BROOKFIELD WEALTH SOL LTD | CL A EXCHANGEAB | G17434104 | 7,634,078 | 0.12 | 179200.0 | |
| OR | REDUCED | OR ROYALTIES INC. | COM SHS | 68390D106 | 7,493,093 | 0.12 | 236714.0 |
| OTEX | ADDED | OPEN TEXT CORP | COM | 683715106 | 7,045,940 | 0.11 | 318459.0 |
| POOL | UNCHANGED | POOL CORP | COM | 73278L105 | 6,940,195 | 0.11 | 32295.0 |
| - | INTEGRA RES CORP | COM | 45826T509 | 6,262,020 | 0.1 | 2820394.0 | |
| CGAU | NEW | CENTERRA GOLD INC | COM | 152006102 | 6,048,435 | 0.09 | 381557.0 |
| - | ORLA MNG LTD NEW | COM | 68634K106 | 4,575,531 | 0.07 | 468027.0 | |
| - | BROOKFIELD CORP | CL A LTD VT SH | 11271J107 | 3,763,541 | 0.06 | 88242.0 | |
| - | SPS COMM INC | COM | 78463M107 | 3,618,861 | 0.06 | 63300.0 | |
| - | ATS CORPORATION | COM | 00217Y104 | 2,854,209 | 0.04 | 99056.0 | |
| SHOP | REDUCED | SHOPIFY INC | CL A SUB VTG SHS | 82509L107 | 2,726,883 | 0.04 | 23843.0 |
| - | AMERICAS GOLD AND SILVER COR | COM NEW | 03062D803 | 2,350,167 | 0.04 | 496915.0 | |
| SE | NEW | SEA LTD | SPONSORD ADS | 81141R100 | 1,996,522 | 0.03 | 20834.0 |
| - | AERCAP HOLDINGS NV | SHS | N00985106 | 1,515,383 | 0.02 | 10395.0 | |
| EQX | REDUCED | EQUINOX GOLD CORP | COM | 29446Y502 | 1,439,481 | 0.02 | 147776.0 |
| PG | UNCHANGED | PROCTER & GAMBLE CO | COM | 742718109 | 1,329,585 | 0.02 | 9067.0 |
| EFXT | NEW | ENERFLEX LTD | COM | 29269R105 | 654,252 | 0.01 | 26650.0 |
| LSPD | UNCHANGED | LIGHTSPEED COMMERCE INC | SUB VTG SHS | 53229C107 | 355,877 | 0.01 | 34000.0 |
| - | CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 | 263,990 | 0.0 | 3046.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-07-21 | 6,455,206,652 | 80 | 16.917805 | 0.812223 | 27.025927 |
| 2026-03-31 | 2026-04-28 | 6,608,748,236 | 72 | 16.059874 | 0.782785 | 26.70068 |
| 2025-12-31 | 2026-01-29 | 8,025,001,378 | 73 | 17.036715 | 0.832254 | 27.731289 |
| 2025-09-30 | 2025-11-12 | 8,592,385,280 | 78 | 17.204883 | 0.839976 | 27.599734 |
| 2025-03-31 | 2025-05-02 | 7,608,014,523 | 62 | 16.252407 | 0.796813 | 24.41305 |
| 2024-12-31 | 2025-01-23 | 8,257,324,247 | 61 | 16.901672 | 0.829128 | 26.870704 |