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PineStone Asset Management Inc.

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

PineStone Asset Management Inc. reported $15,454,573,190 across 44 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-07-16. Its ten largest share positions make up 65.28% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-25-002609

Period
2025-06-30
Reported value
$15.5B
Holdings
44
Top 10 weight
65.28%
New
1
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ORCLadded+769,946$168M
MTDadded+98,737$116M
CPRTadded+2,310,067$113M
MCOadded+215,551$108M
MSFTadded+182,487$90.8M

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
BDXexited-403,744-$92.5M
UNHreduced-293,673-$91.6M
MIDDexited-24,941-$3.79M
SPGIreduced-4,660-$2.46M
DCIreduced-24,600-$1.71M

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, Q2 2025

Share positions as resolved from 13F-HR 0001172661-25-002609, largest first. % of portfolio is the value over $15,454,573,190, 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; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,943,236 shares; 2024Q4: 4,641,798 shares; 2025Q1: 6,785,321 shares; 2025Q2: 7,025,731 shares 7,025,731$1.59B10.3%+240,410Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,049,268 shares; 2024Q4: 2,242,074 shares; 2025Q1: 2,929,471 shares; 2025Q2: 3,111,958 shares 3,111,958$1.55B10.02%+182,487Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,653,283 shares; 2024Q4: 4,926,734 shares; 2025Q1: 6,533,632 shares; 2025Q2: 6,807,110 shares 6,807,110$1.2B7.76%+273,478Timeline
MCOMOODYS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,483,827 shares; 2024Q4: 1,537,331 shares; 2025Q1: 2,095,469 shares; 2025Q2: 2,311,020 shares 2,311,020$1.16B7.5%+215,551Timeline
AZOAUTOZONE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 199,804 shares; 2024Q4: 213,575 shares; 2025Q1: 271,237 shares; 2025Q2: 281,693 shares 281,693$1.05B6.77%+10,456Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,150,450 shares; 2024Q4: 1,187,820 shares; 2025Q1: 1,486,860 shares; 2025Q2: 1,607,207 shares 1,607,207$903M5.84%+120,347Timeline
ORCLORACLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,596,366 shares; 2024Q4: 2,589,233 shares; 2025Q1: 2,820,855 shares; 2025Q2: 3,590,801 shares 3,590,801$785M5.08%+769,946Timeline
CMECME GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,505,982 shares; 2024Q4: 1,665,700 shares; 2025Q1: 2,365,185 shares; 2025Q2: 2,540,578 shares 2,540,578$700M4.53%+175,393Timeline
TJXTJX COS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,378,643 shares; 2024Q4: 3,382,504 shares; 2025Q1: 4,523,338 shares; 2025Q2: 4,690,373 shares 4,690,373$579M3.75%+167,035Timeline
SHWSHERWIN WILLIAMS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,084,174 shares; 2024Q4: 1,124,999 shares; 2025Q1: 1,500,484 shares; 2025Q2: 1,681,100 shares 1,681,100$577M3.73%+180,616Timeline
MSCIMSCI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 485,020 shares; 2024Q4: 569,374 shares; 2025Q1: 795,657 shares; 2025Q2: 890,123 shares 890,123$513M3.32%+94,466Timeline
OTISOTIS WORLDWIDE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,881,097 shares; 2024Q4: 3,002,419 shares; 2025Q1: 4,095,132 shares; 2025Q2: 4,639,065 shares 4,639,065$459M2.97%+543,933Timeline
MTDMETTLER TOLEDO INTERNATIONALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 165,506 shares; 2024Q4: 169,420 shares; 2025Q1: 235,612 shares; 2025Q2: 334,349 shares 334,349$393M2.54%+98,737Timeline
CARRCARRIER GLOBAL CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,107,096 shares; 2024Q4: 4,205,847 shares; 2025Q1: 4,698,516 shares; 2025Q2: 5,300,483 shares 5,300,483$388M2.51%+601,967Timeline
GGGGRACO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,828,497 shares; 2024Q4: 2,904,681 shares; 2025Q1: 3,584,495 shares; 2025Q2: 3,911,372 shares 3,911,372$336M2.18%+326,877Timeline
PEPPEPSICO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,826,896 shares; 2024Q4: 2,221,971 shares; 2025Q1: 2,426,833 shares; 2025Q2: 2,523,928 shares 2,523,928$333M2.16%+97,095Timeline
JNJJOHNSON & JOHNSONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,734,383 shares; 2024Q4: 1,959,872 shares; 2025Q1: 2,064,633 shares; 2025Q2: 2,178,970 shares 2,178,970$333M2.15%+114,337Timeline
SPGIS&P GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 414,719 shares; 2024Q4: 418,519 shares; 2025Q1: 623,103 shares; 2025Q2: 618,443 shares 618,443$326M2.11%-4,660Timeline
CPRTCOPART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 542,200 shares; 2024Q4: 1,585,400 shares; 2025Q1: 4,097,404 shares; 2025Q2: 6,407,471 shares 6,407,471$314M2.03%+2,310,067Timeline
HDBHDFC BANK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,954,649 shares; 2024Q4: 3,243,349 shares; 2025Q1: 3,969,039 shares; 2025Q2: 4,074,467 shares 4,074,467$312M2.02%+105,428Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 879,162 shares; 2024Q4: 865,875 shares; 2025Q1: 1,123,029 shares; 2025Q2: 829,356 shares 829,356$259M1.67%-293,673Timeline
HLTHILTON WORLDWIDE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 523,510 shares; 2024Q4: 528,010 shares; 2025Q1: 606,042 shares; 2025Q2: 844,534 shares 844,534$225M1.46%+238,492Timeline
ADIANALOG DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 697,806 shares; 2024Q4: 691,238 shares; 2025Q1: 760,999 shares; 2025Q2: 944,376 shares 944,376$225M1.45%+183,377Timeline
LOWLOWES COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 817,567 shares; 2024Q4: 821,842 shares; 2025Q1: 921,059 shares; 2025Q2: 989,700 shares 989,700$220M1.42%+68,641Timeline
FDSFACTSET RESH SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 274,003 shares; 2024Q4: 293,088 shares; 2025Q1: 349,578 shares; 2025Q2: 380,459 shares 380,459$170M1.1%+30,881Timeline
ADBEADOBE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 278,363 shares; 2024Q4: 279,450 shares; 2025Q1: 288,938 shares; 2025Q2: 327,214 shares 327,214$127M0.82%+38,276Timeline
NKENIKE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,295,652 shares; 2024Q4: 1,303,836 shares; 2025Q1: 1,438,345 shares; 2025Q2: 1,684,895 shares 1,684,895$120M0.77%+246,550Timeline
CLCOLGATE PALMOLIVE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 998,704 shares; 2024Q4: 1,078,521 shares; 2025Q1: 1,165,077 shares; 2025Q2: 1,259,389 shares 1,259,389$114M0.74%+94,312Timeline
WHWYNDHAM HOTELS & RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 248,100 shares; 2024Q4: 238,525 shares; 2025Q1: 202,750 shares; 2025Q2: 411,500 shares 411,500$35.3M0.23%+208,750Timeline
FSSFEDERAL SIGNAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 154,084 shares; 2024Q4: 174,884 shares; 2025Q1: 174,884 shares; 2025Q2: 198,184 shares 198,184$21.1M0.14%+23,300Timeline
IPARINTERPARFUMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 109,384 shares; 2024Q4: 110,084 shares; 2025Q1: 110,084 shares; 2025Q2: 108,517 shares 108,517$14.2M0.09%-1,567Timeline
HLIHOULIHAN LOKEY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,195 shares; 2024Q4: 60,995 shares; 2025Q1: 69,395 shares; 2025Q2: 74,495 shares 74,495$13.4M0.09%+5,100Timeline
TREXTREX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 139,369 shares; 2024Q4: 162,569 shares; 2025Q1: 199,769 shares; 2025Q2: 239,769 shares 239,769$13M0.08%+40,000Timeline
MEDPMEDPACE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,300 shares; 2024Q4: 36,300 shares; 2025Q1: 36,300 shares; 2025Q2: 36,300 shares 36,300$11.4M0.07%0Timeline
JKHYHENRY JACK & ASSOC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 43,800 shares; 2025Q2: 60,200 shares 60,200$10.8M0.07%+16,400Timeline
JBTMJBT MAREL CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 129,696 shares; 2024Q4: 91,629 shares; 2025Q1: 91,629 shares; 2025Q2: 87,229 shares 87,229$10.5M0.07%-4,400Timeline
DCIDONALDSON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 197,061 shares; 2024Q4: 197,061 shares; 2025Q1: 175,461 shares; 2025Q2: 150,861 shares 150,861$10.5M0.07%-24,600Timeline
WDFCWD 40 COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 40,700 shares; 2024Q4: 40,700 shares; 2025Q1: 40,700 shares; 2025Q2: 43,610 shares 43,610$9.95M0.06%+2,910Timeline
BRKRBRUKER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 221,576 shares; 2024Q4: 221,576 shares; 2025Q1: 237,576 shares; 2025Q2: 237,576 shares 237,576$9.79M0.06%0Timeline
EXPOEXPONENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 87,500 shares; 2024Q4: 98,311 shares; 2025Q1: 115,094 shares; 2025Q2: 122,694 shares 122,694$9.17M0.06%+7,600Timeline
SSDSIMPSON MFG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,100 shares; 2024Q4: 70,100 shares; 2025Q1: 60,300 shares; 2025Q2: 58,000 shares 58,000$9.01M0.06%-2,300Timeline
FNDFLOOR & DECOR HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 97,000 shares; 2024Q4: 104,500 shares; 2025Q1: 112,300 shares; 2025Q2: 112,300 shares 112,300$8.53M0.06%0Timeline
HAYWHAYWARD HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 521,300 shares 521,300$7.19M0.05%newTimeline
POWIPOWER INTEGRATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 79,100 shares; 2024Q4: 79,100 shares; 2025Q1: 79,100 shares; 2025Q2: 79,100 shares 79,100$4.42M0.03%0Timeline

Sold out in Q2 2025

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

SecurityShares beforeValue beforeType
BDXBECTON DICKINSON & CO403,744$92.5Mshares
MIDDMIDDLEBY CORP24,941$3.79Mshares

How Q2 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 0001172661-25-002609 base2025-07-16acceptance time not in the bulk data set