Bristol Gate Capital Partners Inc. Long-Term Concentrated

CIK: 0001650142 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 6, 2026

Total Value ($000): $1,733,489 (100.0% shares, 0.0% debt)

Holdings (33)

New Positions (5)

APH AMPHENOL CORP NEW 4.8%

Value ($000) $82,606 Shares 611,263 Est. Cost $133.54 Unrealized 0.0%

IBKR INTERACTIVE BROKERS GROUP IN 4.5%

Value ($000) $77,926 Shares 1,211,726 Est. Cost $66.89 Unrealized 0.0%

RY ROYAL BK CDA 0.0%

Value ($000) $692 Shares 4,051 Est. Cost $153.57 Unrealized 0.0%

CM CANADIAN IMPERIAL BANK OF CO 0.0%

Value ($000) $629 Shares 6,931 Est. Cost $85.80 Unrealized 0.0%

IVV ISHARES TR 0.0%

Value ($000) $294 Shares 429 Est. Cost $685.27 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
APH	AMPHENOL CORP NEW	611,263	$82,606	4.8%	$133.54	0.0%	CL A	032095101
IBKR	INTERACTIVE BROKERS GROUP IN	1,211,726	$77,926	4.5%	$66.89	0.0%	COM CL A	45841N107
RY	ROYAL BK CDA	4,051	$692	0.0%	$153.57	0.0%	COM	780087102
CM	CANADIAN IMPERIAL BANK OF CO	6,931	$629	0.0%	$85.80	0.0%	COM	136069101
IVV	ISHARES TR	429	$294	0.0%	$685.27	—	CORE S&P500 ETF	464287200

Increased Positions (4)

ODFL OLD DOMINION FREIGHT LINE IN 5.0%

Value ($000) $86,121 (+51.0%) Shares 549,239 (+35.5%) Est. Cost $175.19 Unrealized -18.3%

ACN ACCENTURE PLC IRELAND 4.7%

Value ($000) $81,088 (+37.2%) Shares 302,228 (+26.1%) Est. Cost $292.77 Unrealized -13.2%

SPY SPDR S&P 500 ETF TR 0.9%

Value ($000) $15,430 (+636.1%) Shares 22,627 (+619.0%) Est. Cost $677.01 Unrealized —

CARR CARRIER GLOBAL CORPORATION 4.0%

Value ($000) $68,950 (+22.3%) Shares 1,304,888 (+38.2%) Est. Cost $52.65 Unrealized +5.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ODFL	OLD DOMINION FREIGHT LINE IN	549,239 (+35.5%)	$86,121 (+51.0%)	5.0%	$175.19	-18.3%	COM	679580100
ACN	ACCENTURE PLC IRELAND	302,228 (+26.1%)	$81,088 (+37.2%)	4.7%	$292.77	-13.2%	SHS CLASS A	G1151C101
SPY	SPDR S&P 500 ETF TR	22,627 (+619.0%)	$15,430 (+636.1%)	0.9%	$677.01	—	TR UNIT	78462F103
CARR	CARRIER GLOBAL CORPORATION	1,304,888 (+38.2%)	$68,950 (+22.3%)	4.0%	$52.65	+5.5%	COM	14448C104

Exited Positions (3)

MRSH MARSH & MCLENNAN COS INC 4.0%

Value ($000) $69,769 Shares 346,194 Est. Cost $193.37 Unrealized -3.6%

ZTS ZOETIS INC 3.5%

Value ($000) $60,914 Shares 416,305 Est. Cost $125.46 Unrealized +3.8%

OTEX OPEN TEXT CORP 0.1%

Value ($000) $1,200 Shares 32,098 Est. Cost $33.56 Unrealized +5.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MRSH	MARSH & MCLENNAN COS INC	346,194	$69,769	4.0%	$193.37	-3.6%	—	571748102
ZTS	ZOETIS INC	416,305	$60,914	3.5%	$125.46	+3.8%	—	98978V103
OTEX	OPEN TEXT CORP	32,098	$1,200	0.1%	$33.56	+5.6%	—	683715106

Decreased Positions (23)

AVGO BROADCOM INC 4.2%

Value ($000) $72,906 (-23.7%) Shares 210,649 (-27.3%) Est. Cost $144.51 Unrealized +147.0%

MSFT MICROSOFT CORP 4.3%

Value ($000) $74,920 (-18.4%) Shares 154,913 (-12.6%) Est. Cost $188.17 Unrealized +166.0%

GE GE AEROSPACE 4.5%

Value ($000) $77,327 (-17.7%) Shares 251,035 (-19.6%) Est. Cost $157.95 Unrealized +90.4%

LLY ELI LILLY & CO 5.0%

Value ($000) $86,598 (+20.9%) Shares 80,578 (-14.1%) Est. Cost $826.69 Unrealized +15.6%

UNH UNITEDHEALTH GROUP INC 4.6%

Value ($000) $80,443 (-9.0%) Shares 243,684 (-4.9%) Est. Cost $277.84 Unrealized +21.4%

CTAS CINTAS CORP 4.1%

Value ($000) $70,412 (-9.8%) Shares 374,391 (-1.5%) Est. Cost $155.20 Unrealized +21.2%

DPZ DOMINOS PIZZA INC 3.5%

Value ($000) $61,125 (-10.2%) Shares 146,644 (-7.0%) Est. Cost $445.57 Unrealized -6.8%

SHW SHERWIN WILLIAMS CO 4.2%

Value ($000) $72,409 (-7.6%) Shares 223,462 (-1.3%) Est. Cost $233.55 Unrealized +43.1%

MCO MOODYS CORP 4.6%

Value ($000) $79,172 (+5.8%) Shares 154,981 (-1.3%) Est. Cost $255.77 Unrealized +90.5%

MCK MCKESSON CORP 4.7%

Value ($000) $82,161 (+5.0%) Shares 100,159 (-1.1%) Est. Cost $503.45 Unrealized +62.0%

WAB WABTEC 4.7%

Value ($000) $81,319 (+5.0%) Shares 380,974 (-1.4%) Est. Cost $190.90 Unrealized +7.6%

INTU INTUIT 4.2%

Value ($000) $73,237 (-4.4%) Shares 110,558 (-1.5%) Est. Cost $294.80 Unrealized +124.1%

AMAT APPLIED MATLS INC 4.8%

Value ($000) $83,257 (-2.6%) Shares 323,970 (-22.4%) Est. Cost $121.58 Unrealized +97.0%

TMO THERMO FISHER SCIENTIFIC INC 4.6%

Value ($000) $79,970 (-1.9%) Shares 138,008 (-17.9%) Est. Cost $470.60 Unrealized +20.1%

V VISA INC 4.9%

Value ($000) $84,490 (+1.1%) Shares 240,911 (-1.6%) Est. Cost $126.30 Unrealized +169.5%

MA MASTERCARD INCORPORATED 5.0%

Value ($000) $86,844 (-0.8%) Shares 152,121 (-1.1%) Est. Cost $276.04 Unrealized +102.5%

MSCI MSCI INC 4.0%

Value ($000) $69,369 (-0.9%) Shares 120,907 (-1.9%) Est. Cost $494.46 Unrealized +13.3%

BN BROOKFIELD CORP 0.0%

Value ($000) $655 (-45.9%) Shares 14,253 (-19.2%) Est. Cost $24.13 Unrealized +88.7%

FSV FIRSTSERVICE CORP NEW 0.0%

Value ($000) $516 (-49.7%) Shares 3,313 (-38.5%) Est. Cost $139.69 Unrealized +16.3%

WCN WASTE CONNECTIONS INC 0.0%

Value ($000) $537 (-38.9%) Shares 3,060 (-38.8%) Est. Cost $129.92 Unrealized +33.0%

CNI CANADIAN NATL RY CO 0.0%

Value ($000) $564 (-35.4%) Shares 5,698 (-38.5%) Est. Cost $104.68 Unrealized -8.2%

TRI THOMSON REUTERS CORP 0.0%

Value ($000) $528 (-35.0%) Shares 3,994 (-23.5%) Est. Cost $134.05 Unrealized +5.3%

TFII TFI INTL INC 0.0%

Value ($000) $718 (-27.8%) Shares 6,940 (-38.6%) Est. Cost $122.04 Unrealized -23.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AVGO	BROADCOM INC	210,649 (-27.3%)	$72,906 (-23.7%)	4.2%	$144.51	+147.0%	COM	11135F101
MSFT	MICROSOFT CORP	154,913 (-12.6%)	$74,920 (-18.4%)	4.3%	$188.17	+166.0%	COM	594918104
GE	GE AEROSPACE	251,035 (-19.6%)	$77,327 (-17.7%)	4.5%	$157.95	+90.4%	COM NEW	369604301
LLY	ELI LILLY & CO	80,578 (-14.1%)	$86,598 (+20.9%)	5.0%	$826.69	+15.6%	COM	532457108
UNH	UNITEDHEALTH GROUP INC	243,684 (-4.9%)	$80,443 (-9.0%)	4.6%	$277.84	+21.4%	COM	91324P102
CTAS	CINTAS CORP	374,391 (-1.5%)	$70,412 (-9.8%)	4.1%	$155.20	+21.2%	COM	172908105
DPZ	DOMINOS PIZZA INC	146,644 (-7.0%)	$61,125 (-10.2%)	3.5%	$445.57	-6.8%	COM	25754A201
SHW	SHERWIN WILLIAMS CO	223,462 (-1.3%)	$72,409 (-7.6%)	4.2%	$233.55	+43.1%	COM	824348106
MCO	MOODYS CORP	154,981 (-1.3%)	$79,172 (+5.8%)	4.6%	$255.77	+90.5%	COM	615369105
MCK	MCKESSON CORP	100,159 (-1.1%)	$82,161 (+5.0%)	4.7%	$503.45	+62.0%	COM	58155Q103
WAB	WABTEC	380,974 (-1.4%)	$81,319 (+5.0%)	4.7%	$190.90	+7.6%	COM	929740108
INTU	INTUIT	110,558 (-1.5%)	$73,237 (-4.4%)	4.2%	$294.80	+124.1%	COM	461202103
AMAT	APPLIED MATLS INC	323,970 (-22.4%)	$83,257 (-2.6%)	4.8%	$121.58	+97.0%	COM	038222105
TMO	THERMO FISHER SCIENTIFIC INC	138,008 (-17.9%)	$79,970 (-1.9%)	4.6%	$470.60	+20.1%	COM	883556102
V	VISA INC	240,911 (-1.6%)	$84,490 (+1.1%)	4.9%	$126.30	+169.5%	COM CL A	92826C839
MA	MASTERCARD INCORPORATED	152,121 (-1.1%)	$86,844 (-0.8%)	5.0%	$276.04	+102.5%	CL A	57636Q104
MSCI	MSCI INC	120,907 (-1.9%)	$69,369 (-0.9%)	4.0%	$494.46	+13.3%	COM	55354G100
BN	BROOKFIELD CORP	14,253 (-19.2%)	$655 (-45.9%)	0.0%	$24.13	+88.7%	CL A LTD VT SH	11271J107
FSV	FIRSTSERVICE CORP NEW	3,313 (-38.5%)	$516 (-49.7%)	0.0%	$139.69	+16.3%	COM	33767E202
WCN	WASTE CONNECTIONS INC	3,060 (-38.8%)	$537 (-38.9%)	0.0%	$129.92	+33.0%	COM	94106B101
CNI	CANADIAN NATL RY CO	5,698 (-38.5%)	$564 (-35.4%)	0.0%	$104.68	-8.2%	COM	136375102
TRI	THOMSON REUTERS CORP	3,994 (-23.5%)	$528 (-35.0%)	0.0%	$134.05	+5.3%	COM	884903808
TFII	TFI INTL INC	6,940 (-38.6%)	$718 (-27.8%)	0.0%	$122.04	-23.7%	COM	87241L109

Unchanged Positions (1)

SPGI S&P GLOBAL INC 0.0%

Value ($000) $277 Shares 530 Est. Cost $503.12 Unrealized -1.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPGI	S&P GLOBAL INC	530	$277	0.0%	$503.12	-1.8%	COM	78409V104