PineStone Asset Management Inc.

Q2 2025 13F-HR Holdings

Location
Montreal, A8
Holdings as of
6/30/2025
Date filed
7/16/2025
Form type
13F-HR
Num holdings
44
Total value ($000)
$15,454,573
Net value change ($000)
+2,208,814 (16.7%)
New positions
1
Sold out positions
2
Turnover %
0.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 5/12/2025 Next filing: 10/17/2025 SEC filing

Snapshot: Change Analysis

Compared to Q1 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
TSM 464,895 41.3%
MSFT 448,225 40.8%
ORCL 390,673 99.1%
GOOGL 189,256 18.7%
MCO 183,346 18.8%
MTD 114,529 41.2%
CARR 90,056 30.2%
MA 88,176 10.8%
HLT 87,028 63.1%
CPRT 82,543 35.6%
Top Reduces (Value $000, Stocks/ETFs)
UNH -329,452 -56.0%
BDX -92,482 -100.0%
PEP -30,620 -8.4%
JNJ -9,561 -2.8%
MIDD -3,791 -100.0%
DCI -1,304 -11.1%
JBTM -707 -6.3%
FND -507 -5.6%
SSD -464 -4.9%
EXPO -164 -1.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type