Pinestone Asset Management 13F annual report
Pinestone Asset Management is an investment fund managing more than $14.2 trillion ran by David Doumani. There are currently 43 companies in Mr. Doumani’s portfolio. The largest investments include Microsoft and Taiwan Semiconductor Mfg Ltd, together worth $2.77 trillion.
$14.2 trillion Assets Under Management (AUM)
As of 9th July 2024, Pinestone Asset Management’s top holding is 3,160,657 shares of Microsoft currently worth over $1.41 trillion and making up 10.0% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Pinestone Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 7,784,316 shares of Taiwan Semiconductor Mfg Ltd worth $1.35 trillion.
The third-largest holding is Alphabet Inc worth $1.29 trillion and the next is Moodys Corp worth $958 billion, with 2,277,056 shares owned.
Currently, Pinestone Asset Management's portfolio is worth at least $14.2 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Pinestone Asset Management
The Pinestone Asset Management office and employees reside in Montreal, Quebec, Canada. According to the last 13-F report filed with the SEC, David Doumani serves as the Chief Compliance Officer at Pinestone Asset Management.
Recent trades
In the most recent 13F filing, Pinestone Asset Management revealed that it had opened a new position in
Hilton Worldwide Inc and bought 451,910 shares worth $98.6 billion.
This means they effectively own approximately 0.1% of the company.
Hilton Worldwide Inc makes up
7.9%
of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Microsoft by buying
1,776,825 additional shares.
This makes their stake in Microsoft total 3,160,657 shares worth $1.41 trillion.
Microsoft dropped approximately 0.1% in the past year.
On the other hand, there are companies that Pinestone Asset Management is getting rid of from its portfolio.
Pinestone Asset Management closed its position in Kenvue Inc on 16th July 2024.
It sold the previously owned 1,543,945 shares for $33.1 billion.
David Doumani also disclosed a decreased stake in Middleby by approximately 0.1%.
This leaves the value of the investment at $63.7 billion and 519,775 shares.
One of the largest hedge funds
The two most similar investment funds to Pinestone Asset Management are H&h International Investment and Calamos Advisors. They manage $14.2 trillion and $14.2 trillion respectively.
David Doumani investment strategy
Pinestone Asset Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Technology — making up 25.2% of
the total portfolio value.
The fund focuses on investments in the United States as
81.4% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
51% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $162 billion.
The complete list of Pinestone Asset Management trades based on 13F SEC filings
These positions were updated on July 16th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Microsoft Corporation |
128.40%
3,160,657
|
$1,412,655,646,000 | 9.95% |
| Taiwan Semiconductor Mfg Ltd |
116.34%
7,784,316
|
$1,352,991,964,000 | 9.53% |
| Alphabet Inc |
143.70%
7,072,197
|
$1,288,200,684,000 | 9.08% |
| Moodys Corp |
133.87%
2,277,056
|
$958,481,182,000 | 6.75% |
| Autozone Inc. |
137.58%
310,043
|
$918,998,456,000 | 6.48% |
| Mastercard Incorporated |
145.56%
1,777,468
|
$784,147,783,000 | 5.53% |
| Unitedhealth Group Inc |
130.86%
1,318,475
|
$671,446,579,000 | 4.73% |
| Tjx Cos Inc New |
134.18%
5,467,797
|
$602,004,450,000 | 4.24% |
| Oracle Corp. |
131.19%
3,911,201
|
$552,261,581,000 | 3.89% |
| Sherwin-Williams Co. |
132.77%
1,609,392
|
$480,290,855,000 | 3.38% |
| Pepsico Inc |
125.20%
2,740,573
|
$452,002,705,000 | 3.19% |
| CME Group Inc |
137.58%
2,260,644
|
$444,442,610,000 | 3.13% |
| Otis Worldwide Corporation |
138.30%
4,464,131
|
$429,717,250,000 | 3.03% |
| Carrier Global Corporation |
139.72%
6,418,883
|
$404,903,140,000 | 2.85% |
| Johnson & Johnson |
128.68%
2,690,848
|
$393,294,344,000 | 2.77% |
| Mettler-Toledo International, Inc. |
127.39%
259,629
|
$362,854,894,000 | 2.56% |
| MSCI Inc |
129.44%
730,986
|
$352,152,506,000 | 2.48% |
| Graco Inc. |
134.41%
4,169,176
|
$330,532,273,000 | 2.33% |
| Becton Dickinson & Co. |
141.57%
1,345,873
|
$314,543,979,000 | 2.22% |
| HDFC Bank Ltd. |
115.10%
4,468,960
|
$287,488,197,000 | 2.03% |
| Nike, Inc. |
138.29%
2,715,689
|
$204,681,480,000 | 1.44% |
| Lowes Cos Inc |
49.96%
821,067
|
$181,012,431,000 | 1.28% |
| S&P Global Inc |
31.77%
378,379
|
$168,757,034,000 | 1.19% |
| Analog Devices Inc. |
53.65%
699,006
|
$159,555,110,000 | 1.12% |
| Adobe Inc |
58.85%
275,963
|
$153,308,485,000 | 1.08% |
| Factset Resh Sys Inc |
53.34%
272,973
|
$111,446,687,000 | 0.79% |
| Hilton Worldwide Holdings Inc |
Opened
451,910
|
$98,606,762,000 | 0.69% |
| Colgate-Palmolive Co. |
68.54%
996,004
|
$96,652,228,000 | 0.68% |
| Middleby Corp. |
5.08%
519,775
|
$63,729,613,000 | 0.45% |
| Kenvue Inc |
Closed
1,543,945
|
$33,133,060,000 | |
| Wyndham Hotels & Resorts Inc |
2.65%
248,100
|
$18,359,400,000 | 0.13% |
| Medpace Holdings Inc |
5.22%
36,300
|
$14,950,155,000 | 0.11% |
| Donaldson Co. Inc. |
2.56%
180,061
|
$12,885,165,000 | 0.09% |
| Bruker Corp |
18.93%
194,876
|
$12,435,038,000 | 0.09% |
| John Bean Technologies Corp |
No change
129,696
|
$12,317,229,000 | 0.09% |
| Simpson Mfg Inc |
14.42%
72,200
|
$12,167,866,000 | 0.09% |
| Federal Signal Corp. |
Opened
143,200
|
$11,981,544,000 | 0.08% |
| Inter Parfums, Inc. |
19.11%
93,384
|
$10,835,346,000 | 0.08% |
| TREX Co., Inc. |
21.97%
139,369
|
$10,330,030,000 | 0.07% |
| Houlihan Lokey Inc |
Opened
75,195
|
$10,140,798,000 | 0.07% |
| Floor & Decor Holdings Inc |
No change
97,000
|
$9,642,770,000 | 0.07% |
| Exponent Inc. |
16.70%
96,300
|
$9,160,056,000 | 0.06% |
| WD-40 Co. |
11.43%
39,000
|
$8,565,960,000 | 0.06% |
| National Resh Corp |
Closed
170,000
|
$6,733,700,000 | |
| Fox Factory Hldg Corp |
Closed
109,700
|
$5,712,079,000 | |
| Power Integrations Inc. |
No change
79,100
|
$5,552,029,000 | 0.04% |
| XPEL Inc |
Closed
77,172
|
$4,168,831,000 | |
| No transactions found | |||
| Showing first 500 out of 47 holdings | |||
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