undamentalytics Newsletter
Sign in

Institution

Montrusco Bolton Investments Inc.

13F for the quarter to June 30, 2026, filed July 21, 2026 · SEC CIK 1475940

Reported value
$6.5bn
98% in companies we cover
Positions we cover
71
Largest NVDA 8.2%
Copy, a year
+11.3%
S&P 500 +14.1%
Copy Sharpe ratio
0.63
S&P 500 0.78

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$41.1k
CopyS&P 500 $10,000 copying Montrusco Bolton Investments Inc.'s filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −32.4% (S&P 500 −31.8%); beta 0.93; alpha −1.6% a year (t = −0.95); last 12 months +7.4% against +12.1%.

Reported value by quarter

Montrusco Bolton Investments Inc.: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $2T $4T $6T Reported value, 2013-06-30: $1.2B Reported value, 2013-09-30: $1.3B Reported value, 2013-12-31: $1.4B Reported value, 2014-03-31: $1.4B Reported value, 2014-06-30: $1.6B Reported value, 2014-09-30: $1.5B Reported value, 2014-12-31: $1.4B Reported value, 2015-03-31: $1.4B Reported value, 2015-06-30: $1.3B Reported value, 2015-09-30: $1.2B Reported value, 2015-12-31: $1.2B Reported value, 2016-03-31: $1.2B Reported value, 2016-06-30: $1.6B Reported value, 2016-09-30: $1.6B Reported value, 2016-12-31: $1.8B Reported value, 2017-03-31: $1.8B Reported value, 2017-06-30: $1.8B Reported value, 2017-09-30: $1.9B Reported value, 2017-12-31: $1.8B Reported value, 2018-03-31: $1.4B Reported value, 2018-06-30: $1.4B Reported value, 2018-09-30: $1.6B Reported value, 2018-12-31: $1.5B Reported value, 2019-03-31: $1.6B Reported value, 2019-06-30: $1.5B Reported value, 2019-09-30: $1.7B Reported value, 2019-12-31: $1.7B Reported value, 2020-03-31: $1.3B Reported value, 2020-06-30: $1.7B Reported value, 2020-09-30: $2B Reported value, 2020-12-31: $2.3B Reported value, 2021-03-31: $3.1B Reported value, 2021-06-30: $3.3B Reported value, 2021-09-30: $3.7B Reported value, 2021-12-31: $4.2B Reported value, 2022-03-31: $4.3B Reported value, 2022-06-30: $3.8B Reported value, 2022-09-30: $3.8B Reported value, 2022-12-31: $4.3T Reported value, 2023-03-31: $4.8B Reported value, 2023-06-30: $6.5B Reported value, 2023-09-30: $6.9B Reported value, 2023-12-31: $8.1B Reported value, 2024-03-31: $9.4B Reported value, 2024-06-30: $9.5B Reported value, 2024-09-30: $9.5B Reported value, 2024-12-31: $8.3B Reported value, 2025-03-31: $7.6B Reported value, 2025-06-30: $9B Reported value, 2025-09-30: $8.6B Reported value, 2025-12-31: $8B Reported value, 2026-03-31: $6.6B Reported value, 2026-06-30: $6.5B 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $6.5B
View chart data
Period Reported value
2013-06-30 $1.2B
2013-09-30 $1.3B
2013-12-31 $1.4B
2014-03-31 $1.4B
2014-06-30 $1.6B
2014-09-30 $1.5B
2014-12-31 $1.4B
2015-03-31 $1.4B
2015-06-30 $1.3B
2015-09-30 $1.2B
2015-12-31 $1.2B
2016-03-31 $1.2B
2016-06-30 $1.6B
2016-09-30 $1.6B
2016-12-31 $1.8B
2017-03-31 $1.8B
2017-06-30 $1.8B
2017-09-30 $1.9B
2017-12-31 $1.8B
2018-03-31 $1.4B
2018-06-30 $1.4B
2018-09-30 $1.6B
2018-12-31 $1.5B
2019-03-31 $1.6B
2019-06-30 $1.5B
2019-09-30 $1.7B
2019-12-31 $1.7B
2020-03-31 $1.3B
2020-06-30 $1.7B
2020-09-30 $2B
2020-12-31 $2.3B
2021-03-31 $3.1B
2021-06-30 $3.3B
2021-09-30 $3.7B
2021-12-31 $4.2B
2022-03-31 $4.3B
2022-06-30 $3.8B
2022-09-30 $3.8B
2022-12-31 $4.3T
2023-03-31 $4.8B
2023-06-30 $6.5B
2023-09-30 $6.9B
2023-12-31 $8.1B
2024-03-31 $9.4B
2024-06-30 $9.5B
2024-09-30 $9.5B
2024-12-31 $8.3B
2025-03-31 $7.6B
2025-06-30 $9B
2025-09-30 $8.6B
2025-12-31 $8B
2026-03-31 $6.6B
2026-06-30 $6.5B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
NVDANVIDIA Corporation8.18%$527.8m2.64M−27.9% Reduced
GOOGLAlphabet Inc. (Class A)6.05%$390.8m1.09M−22.1% Reduced
MSFTMicrosoft Corporation5.90%$381.0m1.02M−18.2% Reduced
AMZNAmazon5.82%$375.7m1.58M−13.6% Reduced
JPMJPMorgan Chase4.69%$302.7m924.6K−25.8% Reduced
LRCXLam Research4.51%$291.0m671.5K−2.0% Reduced
AVGOBroadcom3.73%$240.8m637.4K+1.9% Added
MAMastercard3.73%$240.5m468.4K−4.4% Reduced
MUMicron Technology3.65%$235.5m204.1KNew
MNSTMonster Beverage3.15%$203.2m2.11M−28.6% Reduced
DHRDanaher Corporation3.14%$202.8m1.06M−20.6% Reduced
IDXXIdexx Laboratories3.04%$196.3m372.8K+9.0% Added
METAMeta Platforms2.92%$188.5m334.6K−20.8% Reduced
TSMTaiwan Semiconductor Manufacturing Co LTD2.69%$173.3m362.9K−28.9% Reduced
APGApi Group Corp2.66%$171.6m4.05M−12.9% Reduced
VLOValero Energy2.57%$166.0m637.4K−31.9% Reduced
WCNWaste Connections, Inc.2.52%$162.5m974.8K−46.5% Reduced
APHAmphenol2.43%$156.8m889.0K−5.0% Reduced
PSAPublic Storage2.16%$139.7m438.8K−15.3% Reduced
AAPLApple Inc.2.04%$131.9m455.9K−26.4% Reduced
LINLinde plc1.95%$125.9m242.6KNew
UBERUber1.91%$123.5m1.71M−23.7% Reduced
CMGChipotle Mexican Grill1.63%$105.2m3.10M−35.0% Reduced
RYANRyan Specialty Holdings, Inc.1.57%$101.5m2.69M−33.2% Reduced
SNPSSynopsys Inc1.40%$90.4m202.8K−27.9% Reduced
GEVGE Vernova1.38%$88.7m75.5KNew
ZTSZoetis1.24%$79.9m1.11M−33.3% Reduced
RYRoyal Bank Of Canada0.81%$52.4m253.0K−9.1% Reduced
SUNBSunbelt Rentals Holdings, Inc.0.75%$48.3m662.7K−33.9% Reduced
BLKBlackRock0.65%$41.7m43.3K+11.3% Added
AZNAstrazeneca PLC0.63%$40.8m218.1KNew
TDToronto Dominion Bank0.60%$38.6m317.7K−13.6% Reduced
TSCOTractor Supply0.58%$37.3m1.18M−8.6% Reduced
FSVFirstservice Corp0.56%$36.2m254.3K−3.5% Reduced
CHDChurch & Dwight0.53%$34.3m354.4KNew
WMTWalmart0.51%$33.2m292.8K−50.9% Reduced
TFIITFI International Inc.0.47%$30.4m211.3K−11.3% Reduced
BMOBank Of Montreal0.47%$30.4m171.9K−16.1% Reduced
BNSBank Of Nova Scotia0.41%$26.6m305.6KNew
BGSIBoyd Group Services Inc.0.36%$23.2m245.1K−12.5% Reduced
AEMAgnico Eagle Mines LTD0.35%$22.8m146.6K−9.9% Reduced
BAMBrookfield Asset Management Ltd.0.27%$17.7m394.7K+14.3% Added
DSGXDescartes Systems Group Inc0.27%$17.4m251.9K+2.3% Added
WPMWheaton Precious Metals Corp.0.26%$17.0m151.4K−22.7% Reduced
SLFSUN Life Financial Inc0.24%$15.8m200.9K0.0%
SUSuncor Energy Inc0.24%$15.6m291.0K−39.2% Reduced
RBARB Global Inc.0.23%$14.8m127.5K−18.1% Reduced
CIGIColliers International Group Inc.0.19%$12.4m132.1K−9.1% Reduced
CAECAE Inc0.19%$12.1m484.5K−14.3% Reduced
GILGildan Activewear Inc.0.18%$11.7m226.3K−7.4% Reduced
CBZCbiz, Inc.0.17%$11.0m342.2K+0.6% Added
PBAPembina Pipeline Corp0.16%$10.4m224.1K−0.1%
EXKEndeavour Silver Corp0.15%$9.6m1.16M−9.6% Reduced
CCJCameco Corp0.14%$9.2m90.4K−3.8% Reduced
CNMCore & Main, Inc.0.13%$8.1m168.2K+0.6% Added
BNTBrookfield Wealth Solutions Ltd.0.12%$7.6m179.2K−41.7% Reduced
OROR Royalties Inc.0.12%$7.5m236.7K−7.0% Reduced
OTEXOpen Text Corp0.11%$7.0m318.5K+48.4% Added
POOLPool Corp0.11%$6.9m32.3K0.0%
ITRGIntegra Resources Corp.0.10%$6.3m2.82M+5.6% Added
CGAUCenterra Gold Inc.0.09%$6.0m381.6KNew
SPSCSPS Commerce Inc0.06%$3.6m63.3K0.0%
ATSATS Corp0.04%$2.9m99.1K−42.1% Reduced
SHOPShopify Inc.0.04%$2.7m23.8K−10.4% Reduced
USASAmericas Gold & Silver Corp0.04%$2.4m496.9K−9.7% Reduced
SESea Ltd0.03%$2.0m20.8KNew
AERAercap Holdings N.V.0.02%$1.5m10.4KNew
EQXEquinox Gold Corp.0.02%$1.4m147.8K−0.9% Reduced
PGProcter & Gamble0.02%$1.3m9.1K0.0%
EFXTEnerflex Ltd.0.01%$654,25226.6KNew
CPCanadian Pacific Kansas City LTD0.00%$263,9903.0K+1.4% Added
CompanyBought (value)Shares
MUMicron Technology$235.5m204.1K
LINLinde plc$125.9m242.6K
GEVGE Vernova$88.7m75.5K
AZNAstrazeneca PLC$40.8m218.1K
CHDChurch & Dwight$34.3m354.4K
BNSBank Of Nova Scotia$26.6m305.6K
IDXXIdexx Laboratories$16.1m30.7K
CGAUCenterra Gold Inc.$6.0m381.6K
AVGOBroadcom$4.4m11.8K
BLKBlackRock$4.2m4.4K
OTEXOpen Text Corp$2.3m103.8K
BAMBrookfield Asset Management Ltd.$2.2m49.3K
SESea Ltd$2.0m20.8K
AERAercap Holdings N.V.$1.5m10.4K
EFXTEnerflex Ltd.$654,25226.6K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
NVDANVIDIA Corporation−$204.4m−1.02M
WCNWaste Connections, Inc.−$141.2m−847.4K
SHWSherwin-Williams−$113.0m−360.9K
GOOGLAlphabet Inc. (Class A)−$111.1m−310.9K
JPMJPMorgan Chase−$105.3m−321.5K
MSFTMicrosoft Corporation−$85.1m−228.0K
MNSTMonster Beverage−$81.4m−846.4K
VLOValero Energy−$77.8m−298.8K
TSMTaiwan Semiconductor Manufacturing Co LTD−$70.4m−147.3K
AMZNAmazon−$59.2m−248.3K
CMGChipotle Mexican Grill−$56.5m−1.66M
DHRDanaher Corporation−$52.7m−276.6K
RYANRyan Specialty Holdings, Inc.−$50.4m−1.33M
METAMeta Platforms−$49.5m−87.8K
AAPLApple Inc.−$47.2m−163.3K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
SHWSherwin-Williams$113.0m360.9K
AGIAlamos Gold Inc$3.9m88.1K
UFPTUFP Technologies Inc$504,1342.6K
  • Technology35.7%
  • Financials13.8%
  • Industrials10.7%
  • Communication Services9.2%
  • Consumer Discretionary8.8%
  • Health Care8.2%
  • Consumer Staples4.3%
  • Energy3.2%
  • Materials3.1%
  • Real Estate3.0%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 16, 2013 to November 2, 2026+11.3%+14.1%0.630.78−32.4%0.93
2018 onwardsJanuary 5, 2018 to November 2, 2026+11.8%+13.9%0.580.66−32.4%0.91
Last three yearsNovember 3, 2023 to November 2, 2026+16.2%+21.8%0.811.16−16.1%0.97
Last yearNovember 7, 2025 to November 2, 2026+9.0%+14.2%0.410.84−13.4%1.05

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.