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PineStone Asset Management Inc.

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

PineStone Asset Management Inc. reported $16,086,375,964 across 43 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-01-15. Its ten largest share positions make up 66.55% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-26-000201

Period
2025-12-31
Reported value
$16.1B
Holdings
43
Top 10 weight
66.55%
New
1
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
AMZNnew+1,066,600$246M
CARRadded+1,837,985$97.1M
MAadded+111,501$63.7M
MCOadded+111,725$57.1M
CPRTadded+794,502$31.1M

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
ORCLreduced-1,629,062-$318M
GOOGLreduced-651,873-$204M
TSMreduced-299,234-$90.9M
ADBEexited-200,464-$70.7M
TJXreduced-112,253-$17.2M

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, Q4 2025

Share positions as resolved from 13F-HR 0001172661-26-000201, largest first. % of portfolio is the value over $16,086,375,964, 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; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,943,236 shares; 2024Q4: 4,641,798 shares; 2025Q1: 6,785,321 shares; 2025Q2: 7,025,731 shares; 2025Q3: 6,545,779 shares; 2025Q4: 6,246,545 shares 6,246,545$1.9B11.8%-299,234Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,653,283 shares; 2024Q4: 4,926,734 shares; 2025Q1: 6,533,632 shares; 2025Q2: 6,807,110 shares; 2025Q3: 6,398,927 shares; 2025Q4: 5,747,054 shares 5,747,054$1.8B11.18%-651,873Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,049,268 shares; 2024Q4: 2,242,074 shares; 2025Q1: 2,929,471 shares; 2025Q2: 3,111,958 shares; 2025Q3: 2,908,036 shares; 2025Q4: 2,931,514 shares 2,931,514$1.42B8.81%+23,478Timeline
MCOMOODYS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,483,827 shares; 2024Q4: 1,537,331 shares; 2025Q1: 2,095,469 shares; 2025Q2: 2,311,020 shares; 2025Q3: 2,264,043 shares; 2025Q4: 2,375,768 shares 2,375,768$1.21B7.54%+111,725Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,150,450 shares; 2024Q4: 1,187,820 shares; 2025Q1: 1,486,860 shares; 2025Q2: 1,607,207 shares; 2025Q3: 1,585,690 shares; 2025Q4: 1,697,191 shares 1,697,191$969M6.02%+111,501Timeline
AZOAUTOZONE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 199,804 shares; 2024Q4: 213,575 shares; 2025Q1: 271,237 shares; 2025Q2: 281,693 shares; 2025Q3: 265,305 shares; 2025Q4: 269,173 shares 269,173$913M5.67%+3,868Timeline
CMECME GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,505,982 shares; 2024Q4: 1,665,700 shares; 2025Q1: 2,365,185 shares; 2025Q2: 2,540,578 shares; 2025Q3: 2,570,087 shares; 2025Q4: 2,613,439 shares 2,613,439$714M4.44%+43,352Timeline
TJXTJX COS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,378,643 shares; 2024Q4: 3,382,504 shares; 2025Q1: 4,523,338 shares; 2025Q2: 4,690,373 shares; 2025Q3: 4,338,547 shares; 2025Q4: 4,226,294 shares 4,226,294$649M4.04%-112,253Timeline
MSCIMSCI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 485,020 shares; 2024Q4: 569,374 shares; 2025Q1: 795,657 shares; 2025Q2: 890,123 shares; 2025Q3: 961,843 shares; 2025Q4: 1,000,942 shares 1,000,942$574M3.57%+39,099Timeline
SHWSHERWIN WILLIAMS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,084,174 shares; 2024Q4: 1,124,999 shares; 2025Q1: 1,500,484 shares; 2025Q2: 1,681,100 shares; 2025Q3: 1,645,885 shares; 2025Q4: 1,719,020 shares 1,719,020$557M3.46%+73,135Timeline
MTDMETTLER TOLEDO INTERNATIONALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 165,506 shares; 2024Q4: 169,420 shares; 2025Q1: 235,612 shares; 2025Q2: 334,349 shares; 2025Q3: 323,570 shares; 2025Q4: 323,074 shares 323,074$450M2.8%-496Timeline
JNJJOHNSON & JOHNSONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,734,383 shares; 2024Q4: 1,959,872 shares; 2025Q1: 2,064,633 shares; 2025Q2: 2,178,970 shares; 2025Q3: 2,090,409 shares; 2025Q4: 2,067,667 shares 2,067,667$428M2.66%-22,742Timeline
OTISOTIS WORLDWIDE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,881,097 shares; 2024Q4: 3,002,419 shares; 2025Q1: 4,095,132 shares; 2025Q2: 4,639,065 shares; 2025Q3: 4,516,521 shares; 2025Q4: 4,679,997 shares 4,679,997$409M2.54%+163,476Timeline
CARRCARRIER GLOBAL CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,107,096 shares; 2024Q4: 4,205,847 shares; 2025Q1: 4,698,516 shares; 2025Q2: 5,300,483 shares; 2025Q3: 5,315,444 shares; 2025Q4: 7,153,429 shares 7,153,429$378M2.35%+1,837,985Timeline
PEPPEPSICO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,826,896 shares; 2024Q4: 2,221,971 shares; 2025Q1: 2,426,833 shares; 2025Q2: 2,523,928 shares; 2025Q3: 2,426,874 shares; 2025Q4: 2,525,948 shares 2,525,948$363M2.25%+99,074Timeline
ORCLORACLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,596,366 shares; 2024Q4: 2,589,233 shares; 2025Q1: 2,820,855 shares; 2025Q2: 3,590,801 shares; 2025Q3: 3,429,371 shares; 2025Q4: 1,800,309 shares 1,800,309$351M2.18%-1,629,062Timeline
CPRTCOPART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 542,200 shares; 2024Q4: 1,585,400 shares; 2025Q1: 4,097,404 shares; 2025Q2: 6,407,471 shares; 2025Q3: 7,722,652 shares; 2025Q4: 8,517,154 shares 8,517,154$333M2.07%+794,502Timeline
SPGIS&P GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 414,719 shares; 2024Q4: 418,519 shares; 2025Q1: 623,103 shares; 2025Q2: 618,443 shares; 2025Q3: 602,868 shares; 2025Q4: 617,388 shares 617,388$323M2.01%+14,520Timeline
GGGGRACO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,828,497 shares; 2024Q4: 2,904,681 shares; 2025Q1: 3,584,495 shares; 2025Q2: 3,911,372 shares; 2025Q3: 3,802,310 shares; 2025Q4: 3,788,983 shares 3,788,983$311M1.93%-13,327Timeline
HDBHDFC BANK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,954,649 shares; 2024Q4: 3,243,349 shares; 2025Q1: 3,969,039 shares; 2025Q2: 4,074,467 shares; 2025Q3: 8,163,734 shares; 2025Q4: 8,315,726 shares 8,315,726$304M1.89%+151,992Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 879,162 shares; 2024Q4: 865,875 shares; 2025Q1: 1,123,029 shares; 2025Q2: 829,356 shares; 2025Q3: 774,624 shares; 2025Q4: 825,705 shares 825,705$273M1.69%+51,081Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,066,600 shares 1,066,600$246M1.53%newTimeline
ADIANALOG DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 697,806 shares; 2024Q4: 691,238 shares; 2025Q1: 760,999 shares; 2025Q2: 944,376 shares; 2025Q3: 924,976 shares; 2025Q4: 885,076 shares 885,076$240M1.49%-39,900Timeline
HLTHILTON WORLDWIDE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 523,510 shares; 2024Q4: 528,010 shares; 2025Q1: 606,042 shares; 2025Q2: 844,534 shares; 2025Q3: 833,724 shares; 2025Q4: 792,764 shares 792,764$228M1.42%-40,960Timeline
LOWLOWES COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 817,567 shares; 2024Q4: 821,842 shares; 2025Q1: 921,059 shares; 2025Q2: 989,700 shares; 2025Q3: 972,650 shares; 2025Q4: 926,350 shares 926,350$223M1.39%-46,300Timeline
CLCOLGATE PALMOLIVE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 998,704 shares; 2024Q4: 1,078,521 shares; 2025Q1: 1,165,077 shares; 2025Q2: 1,259,389 shares; 2025Q3: 1,604,089 shares; 2025Q4: 1,590,289 shares 1,590,289$126M0.78%-13,800Timeline
FDSFACTSET RESH SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 274,003 shares; 2024Q4: 293,088 shares; 2025Q1: 349,578 shares; 2025Q2: 380,459 shares; 2025Q3: 419,484 shares; 2025Q4: 412,864 shares 412,864$120M0.74%-6,620Timeline
NKENIKE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,295,652 shares; 2024Q4: 1,303,836 shares; 2025Q1: 1,438,345 shares; 2025Q2: 1,684,895 shares; 2025Q3: 1,645,335 shares; 2025Q4: 1,867,235 shares 1,867,235$119M0.74%+221,900Timeline
FSSFEDERAL SIGNAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 154,084 shares; 2024Q4: 174,884 shares; 2025Q1: 174,884 shares; 2025Q2: 198,184 shares; 2025Q3: 185,484 shares; 2025Q4: 185,484 shares 185,484$20.1M0.13%0Timeline
MEDPMEDPACE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,300 shares; 2024Q4: 36,300 shares; 2025Q1: 36,300 shares; 2025Q2: 36,300 shares; 2025Q3: 29,200 shares; 2025Q4: 24,700 shares 24,700$13.9M0.09%-4,500Timeline
HLIHOULIHAN LOKEY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,195 shares; 2024Q4: 60,995 shares; 2025Q1: 69,395 shares; 2025Q2: 74,495 shares; 2025Q3: 74,495 shares; 2025Q4: 74,495 shares 74,495$13M0.08%0Timeline
JBTMJBT MAREL CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 129,696 shares; 2024Q4: 91,629 shares; 2025Q1: 91,629 shares; 2025Q2: 87,229 shares; 2025Q3: 87,229 shares; 2025Q4: 83,429 shares 83,429$12.6M0.08%-3,800Timeline
DCIDONALDSON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 197,061 shares; 2024Q4: 197,061 shares; 2025Q1: 175,461 shares; 2025Q2: 150,861 shares; 2025Q3: 150,861 shares; 2025Q4: 139,361 shares 139,361$12.4M0.08%-11,500Timeline
WHWYNDHAM HOTELS & RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 248,100 shares; 2024Q4: 238,525 shares; 2025Q1: 202,750 shares; 2025Q2: 411,500 shares; 2025Q3: 208,750 shares; 2025Q4: 156,650 shares 156,650$11.8M0.07%-52,100Timeline
JKHYHENRY JACK & ASSOC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 43,800 shares; 2025Q2: 60,200 shares; 2025Q3: 60,200 shares; 2025Q4: 60,200 shares 60,200$11M0.07%0Timeline
EXPOEXPONENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 87,500 shares; 2024Q4: 98,311 shares; 2025Q1: 115,094 shares; 2025Q2: 122,694 shares; 2025Q3: 131,294 shares; 2025Q4: 139,494 shares 139,494$9.69M0.06%+8,200Timeline
IPARINTERPARFUMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 109,384 shares; 2024Q4: 110,084 shares; 2025Q1: 110,084 shares; 2025Q2: 108,517 shares; 2025Q3: 119,352 shares; 2025Q4: 110,852 shares 110,852$9.4M0.06%-8,500Timeline
HAYWHAYWARD HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 521,300 shares; 2025Q3: 595,200 shares; 2025Q4: 595,200 shares 595,200$9.2M0.06%0Timeline
WDFCWD 40 COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 40,700 shares; 2024Q4: 40,700 shares; 2025Q1: 40,700 shares; 2025Q2: 43,610 shares; 2025Q3: 43,610 shares; 2025Q4: 43,610 shares 43,610$8.59M0.05%0Timeline
SSDSIMPSON MFG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,100 shares; 2024Q4: 70,100 shares; 2025Q1: 60,300 shares; 2025Q2: 58,000 shares; 2025Q3: 56,810 shares; 2025Q4: 49,610 shares 49,610$8.01M0.05%-7,200Timeline
FNDFLOOR & DECOR HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 97,000 shares; 2024Q4: 104,500 shares; 2025Q1: 112,300 shares; 2025Q2: 112,300 shares; 2025Q3: 112,300 shares; 2025Q4: 130,800 shares 130,800$7.96M0.05%+18,500Timeline
TREXTREX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 139,369 shares; 2024Q4: 162,569 shares; 2025Q1: 199,769 shares; 2025Q2: 239,769 shares; 2025Q3: 239,769 shares; 2025Q4: 223,169 shares 223,169$7.83M0.05%-16,600Timeline
POWIPOWER INTEGRATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 79,100 shares; 2024Q4: 79,100 shares; 2025Q1: 79,100 shares; 2025Q2: 79,100 shares; 2025Q3: 79,100 shares; 2025Q4: 79,100 shares 79,100$2.81M0.02%0Timeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
ADBEADOBE INC200,464$70.7Mshares

How Q4 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 0001172661-26-000201 base2026-01-15acceptance time not in the bulk data set