PineStone Asset Management Inc.

hedge fundUpdated 59 days ago

Managed by Stonepine Asset Management Inc. • Latest filing Q2 2026

Portfolio value

$16.2B

Q2 2026

Filings

13

Quarterly 13F history

Top-10 concentration

100.0%

Weight of largest holdings

Annualized return

223.7%

Implied from 13F holdings

Portfolio value history

13F-disclosed portfolio value over 14 quarters

Show data table

Period	Portfolio value
Q1 2023	$375.1M
Q2 2023	$2.1B
Q3 2023	$6.9B
Q4 2023	$9.3B
Q1 2024	$6.3B
Q2 2024	$14.2B
Q3 2024	$10.4B
Q4 2024	$10.7B
Q1 2025	$13.2B
Q2 2025	$15.5B
Q3 2025	$16.1B
Q4 2025	$16.1B
Q1 2026	$14.2B
Q2 2026	$16.2B

Top holdings

44 positions as of Q2 2026

#	Stock	Value	Shares	% Portfolio	Change
1	T TSMWF TAIWAN SEMICONDUCTOR MANUFAC	$2.4B	4.96M	14.63%	Trimmed(-6.2%)
2	G GOOGN ALPHABET INC	$1.6B	4.61M	10.17%	Trimmed(-11.0%)
3	M MCO MOODYS CORP	$1B	2.28M	6.39%	Trimmed(-2.8%)
4	M MSFT MICROSOFT CORP	$964.9M	2.59M	5.96%	Trimmed(-9.8%)
5	M MA MASTERCARD INCORPORATED	$940.9M	1.83M	5.81%	Added(+1.2%)
6	A AZO AUTOZONE INC	$780.6M	244.3K	4.82%	Trimmed(-4.9%)
7	A AMZN AMAZON COM INC	$662.3M	2.78M	4.09%	Added(+83.6%)
8	K KLAC KLA CORP	$654.6M	2.17M	4.04%	Added(+1927.0%)
9	C CME CME GROUP INC	$600.5M	2.72M	3.71%	Added(+4.8%)
10	T TJX TJX COS INC NEW	$568.8M	3.75M	3.51%	Trimmed(-3.9%)
11	S SHW SHERWIN WILLIAMS CO	$538.7M	1.56M	3.33%	Trimmed(-6.1%)
12	? N/A MSCI INC	$528.4M	943.5K	3.26%	Trimmed(-3.4%)
13	C CARR CARRIER GLOBAL CORPORATION	$464.6M	6.33M	2.87%	Trimmed(-3.6%)
14	J JNJ JOHNSON & JOHNSON	$440.3M	1.73M	2.72%	Trimmed(-3.1%)
15	M MTD METTLER TOLEDO INTERNATIONAL	$416.6M	326.1K	2.57%	Added(+1.0%)
16	L LIN LINDE PLC	$399.5M	769.8K	2.47%	—
17	A ADI ANALOG DEVICES INC	$351.1M	884.0K	2.17%	Added(+7.2%)
18	U UNH UNITEDHEALTH GROUP INC	$335.6M	807.5K	2.07%	Trimmed(-0.2%)
19	O OTIS OTIS WORLDWIDE CORP	$307.2M	4.29M	1.90%	Trimmed(-4.5%)
20	P PEP PEPSICO INC	$295.5M	2.18M	1.83%	Trimmed(-8.5%)

T

TAIWAN SEMICONDUCTOR MANUFAC

-6.2%

Value

$2.4B

Shares

4.96M

% Port

14.63%

G

ALPHABET INC

-11.0%

Value

$1.6B

Shares

4.61M

% Port

10.17%

M

MOODYS CORP

-2.8%

Value

$1B

Shares

2.28M

% Port

6.39%

M

MICROSOFT CORP

-9.8%

Value

$964.9M

Shares

2.59M

% Port

5.96%

M

5.MA

MASTERCARD INCORPORATED

+1.2%

Value

$940.9M

Shares

1.83M

% Port

5.81%

A

AUTOZONE INC

-4.9%

Value

$780.6M

Shares

244.3K

% Port

4.82%

A

AMAZON COM INC

+83.6%

Value

$662.3M

Shares

2.78M

% Port

4.09%

K

KLA CORP

+1927.0%

Value

$654.6M

Shares

2.17M

% Port

4.04%

C

CME GROUP INC

+4.8%

Value

$600.5M

Shares

2.72M

% Port

3.71%

T

10.TJX

TJX COS INC NEW

-3.9%

Value

$568.8M

Shares

3.75M

% Port

3.51%

S

11.SHW

SHERWIN WILLIAMS CO

-6.1%

Value

$538.7M

Shares

1.56M

% Port

3.33%

?

12.N/A

MSCI INC

-3.4%

Value

$528.4M

Shares

943.5K

% Port

3.26%

C

CARRIER GLOBAL CORPORATION

-3.6%

Value

$464.6M

Shares

6.33M

% Port

2.87%

J

14.JNJ

JOHNSON & JOHNSON

-3.1%

Value

$440.3M

Shares

1.73M

% Port

2.72%

M

15.MTD

METTLER TOLEDO INTERNATIONAL

+1.0%

Value

$416.6M

Shares

326.1K

% Port

2.57%

L

16.LIN

LINDE PLC

Value

$399.5M

Shares

769.8K

% Port

2.47%

A

17.ADI

ANALOG DEVICES INC

+7.2%

Value

$351.1M

Shares

884.0K

% Port

2.17%

U

18.UNH

UNITEDHEALTH GROUP INC

-0.2%

Value

$335.6M

Shares

807.5K

% Port

2.07%

O

OTIS WORLDWIDE CORP

-4.5%

Value

$307.2M

Shares

4.29M

% Port

1.90%

P

20.PEP

PEPSICO INC

-8.5%

Value

$295.5M

Shares

2.18M

% Port

1.83%

View full portfolio (44 holdings) →

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