MONTRUSCO BOLTON INVESTMENTS INC. — 13F Holdings & Portfolio
CIK 1475940 · latest 13F-HR filed 2026-04-28
MONTRUSCO BOLTON INVESTMENTS INC. manages $6.61B in 13F-reported U.S. long-equity assets across 72 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are NVDA (9.37%), MSFT (6.80%), GOOGL (5.97%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 7 new positions, exited 8, added to 17, and trimmed 41.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$6.61B
Long-equity book
72
Distinct positions
2026-03-31
Filed 2026-04-28
+7 / −8 / ↑17 / ↓41
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- BROADCOM INC$89.0M +90.0%
- IDEXX LABS INC$69.6M +59.5%
- API GROUP CORP$68.2M +59.2%
- VALERO ENERGY CORP$52.1M +29.1%
- JPMORGAN CHASE & CO$42.7M +13.6%
Top Trims
- MICROSOFT CORP-$309.8M -40.8%
- BLACKROCK INC-$222.8M -85.6%
- ALPHABET INC-$138.9M -26.0%
- WASTE CONNECTIONS INC-$111.4M -28.0%
- AMAZON COM INC-$108.6M -22.7%
New Positions
- AMPHENOL CORP$118.2M
- SUNBELT RENTALS HOLDINGS INC$57.2M
- BOYD GROUP SERVICES INC$35.7M
- OR ROYALTIES INC.$9.7M
- MDA SPACE LTD$8.4M
Exited Positions
- ROLLINS INC$108.5M
- ADOBE INC$107.2M
- FORTINET INC$97.6M
- ERO COPPER CORP$14.4M
- GRANITE REAL ESTATE INVT TR$12.5M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | NVIDIA CORPORATION | NVDA | 67066G104 | $619.0M | 9.37% | 3,659,367 | SH |
| 2 | MICROSOFT CORP | MSFT | 594918104 | $449.6M | 6.80% | 1,249,443 | SH |
| 3 | ALPHABET INC | GOOGL | 02079K305 | $394.3M | 5.97% | 1,404,505 | SH |
| 4 | AMAZON COM INC | AMZN | 023135106 | $369.6M | 5.59% | 1,824,462 | SH |
| 5 | JPMORGAN CHASE & CO | JPM | 46625H100 | $356.0M | 5.39% | 1,246,180 | SH |
| 6 | WASTE CONNECTIONS INC | WCN | 94106B101 | $286.5M | 4.34% | 1,822,200 | SH |
| 7 | DANAHER CORP DEL | DHR | 235851102 | $246.2M | 3.73% | 1,341,168 | SH |
| 8 | MASTERCARD INCORPORATED | MA | 57636Q104 | $236.6M | 3.58% | 489,843 | SH |
| 9 | META PLATFORMS INC | META | 30303M102 | $235.6M | 3.56% | 422,400 | SH |
| 10 | VALERO ENERGY CORP | VLO | 91913Y100 | $231.3M | 3.50% | 936,233 | SH |
| 11 | MONSTER BEVERAGE CORP NEW | MNST | 61174X109 | $209.9M | 3.18% | 2,960,169 | SH |
| 12 | ZOETIS INC | ZTS | 98978V103 | $191.4M | 2.90% | 1,666,335 | SH |
| 13 | BROADCOM INC | AVGO | 11135F101 | $187.9M | 2.84% | 625,635 | SH |
| 14 | IDEXX LABS INC | IDXX | 45168D104 | $186.7M | 2.83% | 342,120 | SH |
| 15 | API GROUP CORP | APG | 00187Y100 | $183.5M | 2.78% | 4,652,145 | SH |
| 16 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $162.3M | 2.46% | 510,242 | SH |
| 17 | APPLE INC | AAPL | 037833100 | $157.1M | 2.38% | 619,130 | SH |
| 18 | UBER TECHNOLOGIES INC | UBER | 90353T100 | $156.2M | 2.36% | 2,242,389 | SH |
| 19 | CHIPOTLE MEXICAN GRILL INC | CMG | 169656105 | $148.2M | 2.24% | 4,758,522 | SH |
| 20 | LAM RESEARCH CORP | LRCX | 512807306 | $142.2M | 2.15% | 685,358 | SH |
| 21 | PUBLIC STORAGE OPER CO | PSA | 74460D109 | $135.8M | 2.06% | 518,306 | SH |
| 22 | RYAN SPECIALTY HOLDINGS INC | RYAN | 78351F107 | $132.1M | 2.00% | 4,022,506 | SH |
| 23 | AMPHENOL CORP | APH | 032095101 | $118.2M | 1.79% | 935,551 | SH |
| 24 | SHERWIN WILLIAMS CO | SHW | 824348106 | $113.0M | 1.71% | 360,931 | SH |
| 25 | SYNOPSYS INC | SNPS | 871607107 | $108.8M | 1.65% | 281,301 | SH |
| 26 | WALMART INC | WMT | 931142103 | $74.1M | 1.12% | 596,410 | SH |
| 27 | TRACTOR SUPPLY CO | TSCO | 892356106 | $58.5M | 0.88% | 1,290,454 | SH |
| 28 | SUNBELT RENTALS HOLDINGS INC | SUNB | 866966104 | $57.2M | 0.86% | 1,002,578 | SH |
| 29 | ROYAL BK CDA | RY | 780087102 | $44.8M | 0.68% | 278,201 | SH |
| 30 | CGI INC | GIB | 12532H104 | $38.1M | 0.58% | 523,255 | SH |
| 31 | BLACKROCK INC | BLK | 09290D101 | $37.4M | 0.57% | 38,933 | SH |
| 32 | FIRSTSERVICE CORP NEW | FSV | 33767E202 | $36.5M | 0.55% | 263,488 | SH |
| 33 | BOYD GROUP SERVICES INC | BGSI | 103310108 | $35.7M | 0.54% | 280,207 | SH |
| 34 | TORONTO DOMINION BK ONT | TD | 891160509 | $34.2M | 0.52% | 367,619 | SH |
| 35 | AGNICO EAGLE MINES LTD | AEM | 008474108 | $32.9M | 0.50% | 162,760 | SH |
| 36 | SUNCOR ENERGY INC NEW | SU | 867224107 | $31.5M | 0.48% | 478,392 | SH |
| 37 | BANK MONTREAL MEDIUM | BMO | 063671101 | $27.7M | 0.42% | 204,967 | SH |
| 38 | TRANSFORCE INC | TFII | 87241L109 | $25.8M | 0.39% | 238,165 | SH |
| 39 | WHEATON PRECIOUS METALS CORP | WPM | 962879102 | $25.6M | 0.39% | 195,962 | SH |
| 40 | CANADIAN NATL RY CO | CNI | 136375102 | $20.1M | 0.30% | 195,490 | SH |
| 41 | TASEKO MINES LTD | TGB | 876511106 | $19.6M | 0.30% | 3,031,296 | SH |
| 42 | DESCARTES SYS GROUP INC | DSGX | 249906108 | $17.6M | 0.27% | 246,235 | SH |
| 43 | BRP INC | DOO | 05577W200 | $15.9M | 0.24% | 221,693 | SH |
| 44 | COLLIERS INTL GROUP INC | CIGI | 194693107 | $15.5M | 0.23% | 145,285 | SH |
| 45 | BROOKFIELD ASSET MANAGMT LTD | BAM | 113004105 | $15.3M | 0.23% | 345,381 | SH |
| 46 | RB GLOBAL INC | RBA | 74935Q107 | $14.9M | 0.23% | 155,700 | SH |
| 47 | CAE INC | CAE | 124765108 | $14.7M | 0.22% | 565,500 | SH |
| 48 | GILDAN ACTIVEWEAR INC | GIL | 375916103 | $13.6M | 0.21% | 244,300 | SH |
| 49 | BROOKFIELD WEALTH SOL LTD | BNT | G17434104 | $12.7M | 0.19% | 307,408 | SH |
| 50 | SUN LIFE FINANCIAL INC. | SLF | 866796105 | $12.5M | 0.19% | 200,841 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-04-28 | $6.61B | 72 | 0001475940-26-000003 |
| 2025-12-31 | 2026-01-29 | $8.03B | 73 | 0001475940-26-000001 |