Fund Holdings — MONTRUSCO BOLTON INVESTMENTS INC.

Total Portfolio Value
$8.59B
Total Bought
$338.49M
Total Sold
$933.36M
Net Transaction
-$594.87M
Filing Period:
Securities
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SharesValue ($K)
Q2 2025
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Q3 2025
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Change
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Q2 2025
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Q3 2025
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Weight (%)
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Change
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APPLE INC(AAPL)898,066933,027+34,961184,256237,5772.76%+53,320
SYNOPSYS INC(SNPS)416,518537,155+120,637209,340258,5603.01%+49,220
API GROUP CORP(APG)140,8951,465,700+1,324,8057,19350,3760.59%+43,183
MICROSOFT CORP(MSFT)1,723,3781,718,266-5,112837,137869,10910.11%+31,973
NVIDIA CORPORATION(NVDA)4,760,2974,200,029-560,268735,799765,1058.90%+29,306
ALPHABET INC(GOOG)2,609,6061,980,590-629,016450,523471,7435.49%+21,220
WHEATON PRECIOUS METALS CORP(WPM)112,929233,795+120,86610,13526,1690.30%+16,034
BLACKROCK INC(BLK)353,587333,392-20,195363,627379,2294.41%+15,602
TASEKO MINES LTD(TGB)02,891,250+2,891,250012,2600.14%+12,260
AGNICO EAGLE MINES LTD(AEM)172,101193,818+21,71720,46332,6510.38%+12,188
ZOETIS INC(ZTS)492,852607,764+114,91276,86088,9281.03%+12,068
WALMART INC(WMT)473,970562,384+88,41446,34557,9590.67%+11,615
MONSTER BEVERAGE CORP NEW(MNST)3,502,0603,411,736-90,324216,030226,1862.63%+10,155
AMERICAS GOLD AND SILVER COR(USAS)02,668,549+2,668,54909,9540.12%+9,954
ENDEAVOUR SILVER CORP(EXK)01,214,475+1,214,47509,5140.11%+9,514
ALAMOS GOLD INC NEW401,724547,567+145,84310,66419,0900.22%+8,427
BRP INC(DOO)229,950318,118+88,16811,13919,3470.23%+8,207
BANK MONTREAL QUE193,890227,141+33,25121,44429,6050.34%+8,161
TRACTOR SUPPLY CO(TSCO)931,0321,000,530+69,49849,13156,9000.66%+7,770
ELI LILLY & CO(LLY)59,76870,389+10,62146,59153,7070.63%+7,116
ELDORADO GOLD CORP NEW(EGO)253,000356,975+103,9755,14010,3110.12%+5,171
SPS COMM INC(SPSC)049,375+49,37505,1420.06%+5,142
CGI INC(GIB)356,625467,777+111,15237,37741,6740.49%+4,297
RYAN SPECIALTY HOLDINGS INC(RYAN)3,212,2313,974,869+762,638213,852217,7452.53%+3,893
TFI INTL INC(TFII)226,034266,807+40,77320,24923,4860.27%+3,237
COLLIERS INTL GROUP INC(CIGI)138,468135,777-2,69118,08121,2400.25%+3,159
OR ROYALTIES INC.(OR)402,231332,958-69,27310,31713,3480.16%+3,031
ERO COPPER CORP(ERO)767,142765,896-1,24612,93115,5170.18%+2,586
SERVICENOW INC(NOW)02,773+2,77302,5520.03%+2,552
ENBRIDGE INC(ENB)493,388487,427-5,96122,32824,5960.29%+2,267
GILDAN ACTIVEWEAR INC(GIL)240,000242,000+2,00011,80213,9840.16%+2,181
FIRSTSERVICE CORP NEW101,296100,748-54817,64119,2000.22%+1,559
BROOKFIELD ASSET MANAGMT LTD(BAM)313,417329,296+15,87917,31218,7440.22%+1,432
SHOPIFY INC(SHOP)45,38844,412-9765,2246,6000.08%+1,375
SUNCOR ENERGY INC NEW(SU)617,173581,429-35,74423,07224,3370.28%+1,265
TAIWAN SEMICONDUCTOR MFG LTD(TSM)863,127708,231-154,896184,599185,7982.16%+1,199
GRANITE REAL ESTATE INVT TR(GRTUF)254,616251,942-2,67412,90914,0020.16%+1,093
BROOKFIELD WEALTH SOL LTD
CL A EXCHANGEAB
134,655134,437-2188,3079,2190.11%+911
CAE INC(CAE)560,500565,500+5,00016,39416,7490.19%+355
RB GLOBAL INC(RBA)185,971184,805-1,16619,71720,0210.23%+304
BROOKFIELD CORP(BN)56,29555,056-1,2393,4773,7780.04%+301
DESCARTES SYS GROUP INC(DSGX)117,600127,963+10,36311,92212,0510.14%+129
LIGHTSPEED COMMERCE INC(LSPD)39,00039,00004574500.01%-6
PROCTER AND GAMBLE CO(PG)14,73814,73802,3482,2640.03%-84
WINMARK CORP(WINA)6080-6082300—-230
TORONTO DOMINION BK ONT(TD)533,649486,409-47,24039,17238,9020.45%-271
THOMSON REUTERS CORP(TRI)31,32837,667+6,3396,2875,8500.07%-437
CANADIAN PACIFIC KANSAS CITY(CP)27,48822,221-5,2672,1791,6550.02%-524
PEMBINA PIPELINE CORP(PBA)323,405279,262-44,14312,11911,2940.13%-825
CORE & MAIN INC(CNM)163,195167,615+4,4209,8499,0230.11%-826
NETFLIX INC(NFLX)7,1866,873-3139,6238,2400.10%-1,383
CBIZ INC(CBZ)233,390276,821+43,43116,73614,6600.17%-2,076
POOL CORP(POOL)37,24526,745-10,50010,8568,2930.10%-2,563
ATS CORPORATION(ATS)318,781283,781-35,00010,1467,4260.09%-2,720
UFP TECHNOLOGIES INC(UFPT)38,85932,159-6,7009,4886,4190.07%-3,069
FORTINET INC(FTNT)1,022,0961,236,892+214,796108,056103,9981.21%-4,058
ROYAL BK CDA(RY)424,433346,418-78,01555,82551,0690.59%-4,756
SUN LIFE FINANCIAL INC.(SLF)368,367302,549-65,81824,46218,1720.21%-6,290
NEW GOLD INC CDA3,202,0221,331,689-1,870,33315,8879,5420.11%-6,345
TELUS CORPORATION(TU)885,468475,273-410,19514,1927,4870.09%-6,705
SHERWIN WILLIAMS CO(SHW)442,931419,798-23,133149,364142,5921.66%-6,772
CANADIAN NATL RY CO(CNI)265,997200,189-65,80827,66018,8820.22%-8,778
FRANCO NEV CORP(FNV)54,8490-54,8498,9870—-8,987
VALERO ENERGY CORP(VLO)1,664,0071,255,650-408,357223,676213,7872.49%-9,889
SANDSTORM GOLD LTD1,296,000116,599-1,179,40112,1671,4600.02%-10,707
BROOKFIELD INFRAST PARTNERS
LP INT UNIT
530,720138,330-392,39017,7444,5590.05%-13,185
PUBLIC STORAGE OPER CO(PSA)769,793711,333-58,460220,256199,7142.32%-20,542
SYSCO CORP(SYY)832,875489,982-342,89363,08240,3450.47%-22,737
UBER TECHNOLOGIES INC(UBER)2,906,7732,524,962-381,811264,420241,0472.81%-23,374
MASTERCARD INCORPORATED(MA)374,846308,640-66,206205,450172,4162.01%-33,034
CHIPOTLE MEXICAN GRILL INC(CMG)5,116,0876,453,065+1,336,978279,343245,6782.86%-33,665
DANAHER CORPORATION(DHR)1,789,2251,611,531-177,694345,804310,6083.61%-35,197
WASTE CONNECTIONS INC(WCN)2,306,7022,252,933-53,769419,451384,2384.47%-35,213
ADOBE INC(ADBE)421,023362,784-58,239160,325123,7901.44%-36,535
AMAZON COM INC(AMZN)2,674,6632,368,481-306,182573,570506,8865.90%-66,685
JPMORGAN CHASE & CO.(JPM)1,715,0641,369,524-345,540485,802418,7624.87%-67,040
ROLLINS INC(ROL)5,113,3933,641,068-1,472,325279,926205,5862.39%-74,340
IDEXX LABS INC(IDXX)429,409232,282-197,127224,153145,5551.69%-78,597
META PLATFORMS INC(META)687,611543,939-143,672492,217389,9754.54%-102,242
LAM RESEARCH CORP(LRCX)2,561,424975,201-1,586,223244,220127,6981.49%-116,522
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