PineStone Asset Management Inc. Concentrated Active

Name: PineStone Asset Management Inc. Q2 2026 13F Filing | 13F Explorer
Creator: PineStone Asset Management Inc.
Published: 2026-07-13

Location: Montreal, Quebec, Canada

CIK: 0001904893 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Jul 13, 2026

Total Value: $16.19B (100.0% shares, 0.0% debt)

Holdings (44)

New Positions (4)

LIN LINDE PLC 2.5%

Value $399M Shares 769,783 Est. Cost $518.94 Unrealized —

AON AON PLC 1.6%

Value $265M Shares 799,293 Est. Cost $331.69 Unrealized —

CNI CANADIAN NATL RY CO 1.5%

Value $243M Shares 2,034,355 Est. Cost $119.24 Unrealized —

STVN STEVANATO GROUP S P A 0.0%

Value $689K Shares 38,135 Est. Cost $18.07 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LIN	LINDE PLC	769,783	$399M	2.5%	$518.94	—	SHS	G54950103
AON	AON PLC	799,293	$265M	1.6%	$331.69	—	SHS CL A	G0403H108
CNI	CANADIAN NATL RY CO	2,034,355	$243M	1.5%	$119.24	—	COM	136375102
STVN	STEVANATO GROUP S P A	38,135	$689K	0.0%	$18.07	—	ORD SHS	T9224W109

Increased Positions (8)

KLAC KLA CORP 4.0%

Value $655M (+315.4%) Shares 2,169,700 (+1927.0%) Est. Cost $358.95 Unrealized —

AMZN AMAZON COM INC 4.1%

Value $662M (+110.2%) Shares 2,778,800 (+83.6%) Est. Cost $232.82 Unrealized —

CME CME GROUP INC 3.7%

Value $601M (-21.6%) Shares 2,719,347 (+4.8%) Est. Cost $210.74 Unrealized —

ADI ANALOG DEVICES INC 2.2%

Value $351M (+33.8%) Shares 883,993 (+7.2%) Est. Cost $204.38 Unrealized —

SPGI S&P GLOBAL INC 1.7%

Value $269M (+18.9%) Shares 661,225 (+24.2%) Est. Cost $433.66 Unrealized —

MA MASTERCARD INCORPORATED 5.8%

Value $941M (+4.0%) Shares 1,832,012 (+1.2%) Est. Cost $461.50 Unrealized —

HDB HDFC BANK LTD 0.7%

Value $113M (+20.2%) Shares 4,379,846 (+15.8%) Est. Cost $45.36 Unrealized —

MTD METTLER TOLEDO INTERNATIONAL 2.6%

Value $417M (+2.3%) Shares 326,120 (+1.0%) Est. Cost $1233.96 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
KLAC	KLA CORP	2,169,700 (+1927.0%)	$655M (+315.4%)	4.0%	$358.95	—	COM NEW	482480100
AMZN	AMAZON COM INC	2,778,800 (+83.6%)	$662M (+110.2%)	4.1%	$232.82	—	COM	023135106
CME	CME GROUP INC	2,719,347 (+4.8%)	$601M (-21.6%)	3.7%	$210.74	—	COM	12572Q105
ADI	ANALOG DEVICES INC	883,993 (+7.2%)	$351M (+33.8%)	2.2%	$204.38	—	COM	032654105
SPGI	S&P GLOBAL INC	661,225 (+24.2%)	$269M (+18.9%)	1.7%	$433.66	—	COM	78409V104
MA	MASTERCARD INCORPORATED	1,832,012 (+1.2%)	$941M (+4.0%)	5.8%	$461.50	—	CL A	57636Q104
HDB	HDFC BANK LTD	4,379,846 (+15.8%)	$113M (+20.2%)	0.7%	$45.36	—	SPONSORED ADS	40415F101
MTD	METTLER TOLEDO INTERNATIONAL	326,120 (+1.0%)	$417M (+2.3%)	2.6%	$1233.96	—	COM	592688105

Exited Positions (4)

SUNB SUNBELT RENTALS HOLDINGS INC 0.6%

Value $95.82M Shares 1,472,137 Est. Cost $65.09 Unrealized —

NKE NIKE INC 0.6%

Value $93.01M Shares 1,760,835 Est. Cost $87.35 Unrealized —

FDS FACTSET RESH SYS INC 0.5%

Value $84.15M Shares 387,784 Est. Cost $425.02 Unrealized —

POWI POWER INTEGRATIONS INC 0.0%

Value $435K Shares 8,500 Est. Cost $79.86 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SUNB	SUNBELT RENTALS HOLDINGS INC	1,472,137	$95.82M	0.6%	$65.09	—	—	866966104
NKE	NIKE INC	1,760,835	$93.01M	0.6%	$87.35	—	—	654106103
FDS	FACTSET RESH SYS INC	387,784	$84.15M	0.5%	$425.02	—	—	303075105
POWI	POWER INTEGRATIONS INC	8,500	$435K	0.0%	$79.86	—	—	739276103

Decreased Positions (31)

TSM TAIWAN SEMICONDUCTOR MANUFAC 14.6%

Value $2.369B (+32.5%) Shares 4,959,994 (-6.2%) Est. Cost $132.59 Unrealized —

GOOGL ALPHABET INC 10.2%

Value $1.647B (+10.7%) Shares 4,607,821 (-11.0%) Est. Cost $151.18 Unrealized —

MSFT MICROSOFT CORP 6.0%

Value $965M (-9.1%) Shares 2,586,687 (-9.8%) Est. Cost $366.75 Unrealized —

CARR CARRIER GLOBAL CORPORATION 2.9%

Value $465M (+25.5%) Shares 6,333,408 (-3.6%) Est. Cost $56.62 Unrealized —

AZO AUTOZONE INC 4.8%

Value $781M (-10.0%) Shares 244,260 (-4.9%) Est. Cost $2894.37 Unrealized —

PEP PEPSICO INC 1.8%

Value $296M (-20.2%) Shares 2,182,458 (-8.5%) Est. Cost $157.94 Unrealized —

GGG GRACO INC 1.5%

Value $241M (-21.5%) Shares 3,185,789 (-12.1%) Est. Cost $78.59 Unrealized —

TJX TJX COS INC NEW 3.5%

Value $569M (-8.9%) Shares 3,754,345 (-3.9%) Est. Cost $97.23 Unrealized —

CPRT COPART INC 1.4%

Value $223M (-19.5%) Shares 7,913,707 (-5.2%) Est. Cost $53.20 Unrealized —

OTIS OTIS WORLDWIDE CORP 1.9%

Value $307M (-11.3%) Shares 4,290,454 (-4.5%) Est. Cost $89.44 Unrealized —

LOW LOWES COS INC 1.0%

Value $170M (-16.9%) Shares 770,942 (-11.0%) Est. Cost $209.98 Unrealized —

MCO MOODYS CORP 6.4%

Value $1.034B (+0.9%) Shares 2,283,961 (-2.8%) Est. Cost $398.93 Unrealized —

HLT HILTON WORLDWIDE HLDGS INC 1.3%

Value $218M (-2.5%) Shares 660,714 (-10.3%) Est. Cost $218.95 Unrealized —

SHW SHERWIN WILLIAMS CO 3.3%

Value $539M (+0.9%) Shares 1,564,628 (-6.1%) Est. Cost $302.39 Unrealized —

JNJ JOHNSON & JOHNSON 2.7%

Value $440M (+0.7%) Shares 1,733,844 (-3.1%) Est. Cost $148.11 Unrealized —

CL COLGATE PALMOLIVE CO 0.8%

Value $134M (+1.5%) Shares 1,462,799 (-5.7%) Est. Cost $82.39 Unrealized —

MSCI MSCI INC 3.3%

Value $528M (+0.4%) Shares 943,550 (-3.4%) Est. Cost $537.46 Unrealized —

HLI HOULIHAN LOKEY INC 0.0%

Value $1.18M (-38.2%) Shares 8,794 (-33.8%) Est. Cost $135.29 Unrealized —

WH WYNDHAM HOTELS & RESORTS INC 0.0%

Value $560K (-47.6%) Shares 6,650 (-49.4%) Est. Cost $79.22 Unrealized —

JKHY HENRY JACK & ASSOC INC 0.0%

Value $895K (-34.1%) Shares 6,500 (-24.4%) Est. Cost $173.37 Unrealized —

JBTM JBT MAREL CORPORATION 0.0%

Value $1.193M (-27.8%) Shares 8,229 (-36.4%) Est. Cost $106.69 Unrealized —

DCI DONALDSON INC 0.0%

Value $748K (-38.1%) Shares 8,328 (-41.5%) Est. Cost $60.59 Unrealized —

FSS FEDERAL SIGNAL CORP 0.0%

Value $2.054M (-18.1%) Shares 15,986 (-31.1%) Est. Cost $85.86 Unrealized —

EXPO EXPONENT INC 0.0%

Value $693K (-37.5%) Shares 11,794 (-30.6%) Est. Cost $85.03 Unrealized —

MEDP MEDPACE HLDGS INC 0.0%

Value $932K (-26.5%) Shares 1,760 (-33.3%) Est. Cost $257.10 Unrealized —

HAYW HAYWARD HLDGS INC 0.0%

Value $1.135M (-17.8%) Shares 65,568 (-36.4%) Est. Cost $13.71 Unrealized —

FND FLOOR & DECOR HLDGS INC 0.0%

Value $849K (-21.6%) Shares 14,300 (-32.9%) Est. Cost $96.68 Unrealized —

WDFC WD 40 CO 0.0%

Value $838K (-21.6%) Shares 3,439 (-34.4%) Est. Cost $212.93 Unrealized —

SSD SIMPSON MFG INC 0.0%

Value $421K (-30.1%) Shares 2,010 (-42.7%) Est. Cost $158.63 Unrealized —

IPAR INTERPARFUMS INC 0.0%

Value $1.085M (-12.8%) Shares 9,701 (-29.2%) Est. Cost $131.07 Unrealized —

TREX TREX INC 0.0%

Value $604K (-16.5%) Shares 12,069 (-39.3%) Est. Cost $68.11 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MANUFAC	4,959,994 (-6.2%)	$2.369B (+32.5%)	14.6%	$132.59	—	SPONSORED ADS	874039100
GOOGL	ALPHABET INC	4,607,821 (-11.0%)	$1.647B (+10.7%)	10.2%	$151.18	—	CAP STK CL A	02079K305
MSFT	MICROSOFT CORP	2,586,687 (-9.8%)	$965M (-9.1%)	6.0%	$366.75	—	COM	594918104
CARR	CARRIER GLOBAL CORPORATION	6,333,408 (-3.6%)	$465M (+25.5%)	2.9%	$56.62	—	COM	14448C104
AZO	AUTOZONE INC	244,260 (-4.9%)	$781M (-10.0%)	4.8%	$2894.37	—	COM	053332102
PEP	PEPSICO INC	2,182,458 (-8.5%)	$296M (-20.2%)	1.8%	$157.94	—	COM	713448108
GGG	GRACO INC	3,185,789 (-12.1%)	$241M (-21.5%)	1.5%	$78.59	—	COM	384109104
TJX	TJX COS INC NEW	3,754,345 (-3.9%)	$569M (-8.9%)	3.5%	$97.23	—	COM	872540109
CPRT	COPART INC	7,913,707 (-5.2%)	$223M (-19.5%)	1.4%	$53.20	—	COM	217204106
OTIS	OTIS WORLDWIDE CORP	4,290,454 (-4.5%)	$307M (-11.3%)	1.9%	$89.44	—	COM	68902V107
LOW	LOWES COS INC	770,942 (-11.0%)	$170M (-16.9%)	1.0%	$209.98	—	COM	548661107
MCO	MOODYS CORP	2,283,961 (-2.8%)	$1.034B (+0.9%)	6.4%	$398.93	—	COM	615369105
HLT	HILTON WORLDWIDE HLDGS INC	660,714 (-10.3%)	$218M (-2.5%)	1.3%	$218.95	—	COM	43300A203
SHW	SHERWIN WILLIAMS CO	1,564,628 (-6.1%)	$539M (+0.9%)	3.3%	$302.39	—	COM	824348106
JNJ	JOHNSON & JOHNSON	1,733,844 (-3.1%)	$440M (+0.7%)	2.7%	$148.11	—	COM	478160104
CL	COLGATE PALMOLIVE CO	1,462,799 (-5.7%)	$134M (+1.5%)	0.8%	$82.39	—	COM	194162103
MSCI	MSCI INC	943,550 (-3.4%)	$528M (+0.4%)	3.3%	$537.46	—	COM	55354G100
HLI	HOULIHAN LOKEY INC	8,794 (-33.8%)	$1.18M (-38.2%)	0.0%	$135.29	—	CL A	441593100
WH	WYNDHAM HOTELS & RESORTS INC	6,650 (-49.4%)	$560K (-47.6%)	0.0%	$79.22	—	COM	98311A105
JKHY	HENRY JACK & ASSOC INC	6,500 (-24.4%)	$895K (-34.1%)	0.0%	$173.37	—	COM	426281101
JBTM	JBT MAREL CORPORATION	8,229 (-36.4%)	$1.193M (-27.8%)	0.0%	$106.69	—	COM	477839104
DCI	DONALDSON INC	8,328 (-41.5%)	$748K (-38.1%)	0.0%	$60.59	—	COM	257651109
FSS	FEDERAL SIGNAL CORP	15,986 (-31.1%)	$2.054M (-18.1%)	0.0%	$85.86	—	COM	313855108
EXPO	EXPONENT INC	11,794 (-30.6%)	$693K (-37.5%)	0.0%	$85.03	—	COM	30214U102
MEDP	MEDPACE HLDGS INC	1,760 (-33.3%)	$932K (-26.5%)	0.0%	$257.10	—	COM	58506Q109
HAYW	HAYWARD HLDGS INC	65,568 (-36.4%)	$1.135M (-17.8%)	0.0%	$13.71	—	COM	421298100
FND	FLOOR & DECOR HLDGS INC	14,300 (-32.9%)	$849K (-21.6%)	0.0%	$96.68	—	CL A	339750101
WDFC	WD 40 CO	3,439 (-34.4%)	$838K (-21.6%)	0.0%	$212.93	—	COM	929236107
SSD	SIMPSON MFG INC	2,010 (-42.7%)	$421K (-30.1%)	0.0%	$158.63	—	COM	829073105
IPAR	INTERPARFUMS INC	9,701 (-29.2%)	$1.085M (-12.8%)	0.0%	$131.07	—	COM	458334109
TREX	TREX INC	12,069 (-39.3%)	$604K (-16.5%)	0.0%	$68.11	—	COM	89531P105

Unchanged Positions (1)

UNH UNITEDHEALTH GROUP INC 2.1%

Value $336M Shares 807,522 Est. Cost $473.00 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UNH	UNITEDHEALTH GROUP INC	807,522	$336M	2.1%	$473.00	—	COM	91324P102