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PineStone Asset Management Inc.

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13F filer, CIK 1904893, Montreal, Quebec, Canada

PineStone Asset Management Inc. reported $13,245,758,678 across 45 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-12. Its ten largest share positions make up 63.05% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-25-001688

Period
2025-03-31
Reported value
$13.2B
Holdings
45
Top 10 weight
63.05%
New
1
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
TSMadded+2,143,523$356M
MCOadded+558,138$260M
MSFTadded+687,397$258M
GOOGLadded+1,606,898$248M
AZOadded+57,662$220M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
BDXreduced-421,789-$96.6M
WHreduced-35,775-$3.24M
SSDreduced-9,800-$1.54M
DCIreduced-21,600-$1.45M
GOOGexited-5,020-$956K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001172661-25-001688, largest first. % of portfolio is the value over $13,245,758,678, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,943,236 shares; 2024Q4: 4,641,798 shares; 2025Q1: 6,785,321 shares 6,785,321$1.13B8.5%+2,143,523Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,049,268 shares; 2024Q4: 2,242,074 shares; 2025Q1: 2,929,471 shares 2,929,471$1.1B8.3%+687,397Timeline
AZOAUTOZONE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 199,804 shares; 2024Q4: 213,575 shares; 2025Q1: 271,237 shares 271,237$1.03B7.81%+57,662Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,653,283 shares; 2024Q4: 4,926,734 shares; 2025Q1: 6,533,632 shares 6,533,632$1.01B7.63%+1,606,898Timeline
MCOMOODYS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,483,827 shares; 2024Q4: 1,537,331 shares; 2025Q1: 2,095,469 shares 2,095,469$976M7.37%+558,138Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,150,450 shares; 2024Q4: 1,187,820 shares; 2025Q1: 1,486,860 shares 1,486,860$815M6.15%+299,040Timeline
CMECME GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,505,982 shares; 2024Q4: 1,665,700 shares; 2025Q1: 2,365,185 shares 2,365,185$627M4.74%+699,485Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 879,162 shares; 2024Q4: 865,875 shares; 2025Q1: 1,123,029 shares 1,123,029$588M4.44%+257,154Timeline
TJXTJX COS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,378,643 shares; 2024Q4: 3,382,504 shares; 2025Q1: 4,523,338 shares 4,523,338$551M4.16%+1,140,834Timeline
SHWSHERWIN WILLIAMS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,084,174 shares; 2024Q4: 1,124,999 shares; 2025Q1: 1,500,484 shares 1,500,484$524M3.96%+375,485Timeline
MSCIMSCI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 485,020 shares; 2024Q4: 569,374 shares; 2025Q1: 795,657 shares 795,657$450M3.4%+226,283Timeline
OTISOTIS WORLDWIDE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,881,097 shares; 2024Q4: 3,002,419 shares; 2025Q1: 4,095,132 shares 4,095,132$423M3.19%+1,092,713Timeline
ORCLORACLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,596,366 shares; 2024Q4: 2,589,233 shares; 2025Q1: 2,820,855 shares 2,820,855$394M2.98%+231,622Timeline
PEPPEPSICO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,826,896 shares; 2024Q4: 2,221,971 shares; 2025Q1: 2,426,833 shares 2,426,833$364M2.75%+204,862Timeline
JNJJOHNSON & JOHNSONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,734,383 shares; 2024Q4: 1,959,872 shares; 2025Q1: 2,064,633 shares 2,064,633$342M2.58%+104,761Timeline
SPGIS&P GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 414,719 shares; 2024Q4: 418,519 shares; 2025Q1: 623,103 shares 623,103$317M2.39%+204,584Timeline
GGGGRACO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,828,497 shares; 2024Q4: 2,904,681 shares; 2025Q1: 3,584,495 shares 3,584,495$299M2.26%+679,814Timeline
CARRCARRIER GLOBAL CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,107,096 shares; 2024Q4: 4,205,847 shares; 2025Q1: 4,698,516 shares 4,698,516$298M2.25%+492,669Timeline
MTDMETTLER TOLEDO INTERNATIONALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 165,506 shares; 2024Q4: 169,420 shares; 2025Q1: 235,612 shares 235,612$278M2.1%+66,192Timeline
HDBHDFC BANK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,954,649 shares; 2024Q4: 3,243,349 shares; 2025Q1: 3,969,039 shares 3,969,039$264M1.99%+725,690Timeline
CPRTCOPART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 542,200 shares; 2024Q4: 1,585,400 shares; 2025Q1: 4,097,404 shares 4,097,404$232M1.75%+2,512,004Timeline
LOWLOWES COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 817,567 shares; 2024Q4: 821,842 shares; 2025Q1: 921,059 shares 921,059$215M1.62%+99,217Timeline
FDSFACTSET RESH SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 274,003 shares; 2024Q4: 293,088 shares; 2025Q1: 349,578 shares 349,578$159M1.2%+56,490Timeline
ADIANALOG DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 697,806 shares; 2024Q4: 691,238 shares; 2025Q1: 760,999 shares 760,999$153M1.16%+69,761Timeline
HLTHILTON WORLDWIDE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 523,510 shares; 2024Q4: 528,010 shares; 2025Q1: 606,042 shares 606,042$138M1.04%+78,032Timeline
ADBEADOBE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 278,363 shares; 2024Q4: 279,450 shares; 2025Q1: 288,938 shares 288,938$111M0.84%+9,488Timeline
CLCOLGATE PALMOLIVE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 998,704 shares; 2024Q4: 1,078,521 shares; 2025Q1: 1,165,077 shares 1,165,077$109M0.82%+86,556Timeline
BDXBECTON DICKINSON & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 837,126 shares; 2024Q4: 825,533 shares; 2025Q1: 403,744 shares 403,744$92.5M0.7%-421,789Timeline
NKENIKE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,295,652 shares; 2024Q4: 1,303,836 shares; 2025Q1: 1,438,345 shares 1,438,345$91.3M0.69%+134,509Timeline
WHWYNDHAM HOTELS & RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 248,100 shares; 2024Q4: 238,525 shares; 2025Q1: 202,750 shares 202,750$18.4M0.14%-35,775Timeline
FSSFEDERAL SIGNAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 154,084 shares; 2024Q4: 174,884 shares; 2025Q1: 174,884 shares 174,884$12.9M0.1%0Timeline
IPARINTERPARFUMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 109,384 shares; 2024Q4: 110,084 shares; 2025Q1: 110,084 shares 110,084$12.5M0.09%0Timeline
DCIDONALDSON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 197,061 shares; 2024Q4: 197,061 shares; 2025Q1: 175,461 shares 175,461$11.8M0.09%-21,600Timeline
TREXTREX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 139,369 shares; 2024Q4: 162,569 shares; 2025Q1: 199,769 shares 199,769$11.6M0.09%+37,200Timeline
HLIHOULIHAN LOKEY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,195 shares; 2024Q4: 60,995 shares; 2025Q1: 69,395 shares 69,395$11.2M0.08%+8,400Timeline
JBTMJBT MAREL CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 129,696 shares; 2024Q4: 91,629 shares; 2025Q1: 91,629 shares 91,629$11.2M0.08%0Timeline
MEDPMEDPACE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,300 shares; 2024Q4: 36,300 shares; 2025Q1: 36,300 shares 36,300$11.1M0.08%0Timeline
WDFCWD 40 COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 40,700 shares; 2024Q4: 40,700 shares; 2025Q1: 40,700 shares 40,700$9.93M0.07%0Timeline
BRKRBRUKER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 221,576 shares; 2024Q4: 221,576 shares; 2025Q1: 237,576 shares 237,576$9.92M0.07%+16,000Timeline
SSDSIMPSON MFG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,100 shares; 2024Q4: 70,100 shares; 2025Q1: 60,300 shares 60,300$9.47M0.07%-9,800Timeline
EXPOEXPONENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 87,500 shares; 2024Q4: 98,311 shares; 2025Q1: 115,094 shares 115,094$9.33M0.07%+16,783Timeline
FNDFLOOR & DECOR HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 97,000 shares; 2024Q4: 104,500 shares; 2025Q1: 112,300 shares 112,300$9.04M0.07%+7,800Timeline
JKHYHENRY JACK & ASSOC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 43,800 shares 43,800$8M0.06%newTimeline
POWIPOWER INTEGRATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 79,100 shares; 2024Q4: 79,100 shares; 2025Q1: 79,100 shares 79,100$3.99M0.03%0Timeline
MIDDMIDDLEBY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 363,225 shares; 2024Q4: 24,941 shares; 2025Q1: 24,941 shares 24,941$3.79M0.03%0Timeline

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
GOOGALPHABET INC5,020$956Kshares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001172661-25-001688 base2025-05-12acceptance time not in the bulk data set