MONTRUSCO BOLTON INVESTMENTS INC.

CIK 0001475940 · Q1 2026

13F Equity AUM

$6.6B

-17.6% QoQ

Positions

-1 QoQ

AUM Rank

#844

Top 7%

Skill Alpha (FF)

+0.2%/yr^ns

No Clear Edge

Rank #2,137 · Top 26%

vs S&P -4.6%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 33.1%Top 10: 51.8%Top 20: 77.9%

NVDA9.4%

MSFT6.8%

GOOGL6.0%

AMZN5.6%

JPM5.4%

WCN4.3%

DHR3.7%

MA3.6%

META3.6%

VLO3.5%

Others (62)48.2%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology32.4%

Financial Services13.6%

Consumer Cyclical9.7%

Communication Services9.5%

Healthcare9.4%

Industrials9.0%

Energy4.4%

Consumer Defensive4.3%

Other7.6%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 72Median: 0.45%Avg: 1.39%

0–0.5%

38(6.6%)

0.5–1%

8(5.2%)

1–3%

15(33.3%)

3–5%

6(21.9%)

5%+

5(33.1%)

Count of positions per weight bucket — (%) = combined portfolio weight

Loading summary cards...

Portfolio Overlap

Shared: 72Unique: 0vs 20 funds

1%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

1.4%

VANGUARD CAPITAL MANAGEMENT LLC

2.1%

BANK OF AMERICA CORP /DE/

1.5%

GEODE CAPITAL MANAGEMENT, LLC

1.3%

2.2%

1.6%

1.3%

VANGUARD PORTFOLIO MANAGEMENT LLC

1.3%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

Loading overlap analysis...

Position Changes This Quarter

New7Increased19Decreased43Exited8

New Positions

APH1.8%

+936K

SUNBELT RENTALS HOLD…0.9%

+1.0M

BYD0.5%

+280K

OR0.1%

+255K

MDA0.1%

+333K

ITR0.1%

+2.7M

SZ70.0%

+550K

Increased

APG2.8%

+1.6M(+51%)

TGB0.3%

+577K(+23%)

AVGO2.8%

+340K(+119%)

JPM5.4%

+241K(+24%)

IDXX2.8%

+165K(+93%)

UBER2.4%

+156K(+7%)

MA3.6%

+107K(+28%)

FSV0.6%

+73K(+38%)

BROOKFIELD WEALTH SO…0.2%

+72K(+31%)

LRCX2.1%

+59K(+9%)

Decreased

OLA0.1%

-711,947(-66%)

MNST3.2%

-578,989(-16%)

CMG2.2%

-530,748(-10%)

WCN4.3%

-523,366(-22%)

ZTS2.9%

-501,743(-23%)

AGI0.1%

-424,168(-83%)

MSFT6.8%

-364,081(-23%)

GOOGL6.0%

-334,350(-19%)

NVDA9.4%

-331,625(-8%)

RYAN2.0%

-320,610(-7%)

Exited

-1,857,978

-318,040

-1,228,784

-509,963

-210,254

-341,707

-139,459

-29,041

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

Loading position changes...

Holdings

Loading holdings...