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Institutional Investment Manager
MONTRUSCO BOLTON INVESTMENTS INC.
MONTRUSCO BOLTON INVESTMENTS INC. (CIK: 0001475940), located at 1501 Mcgill College Avenue, Montreal, A8. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q1)
Portfolio Summary: 89 holdings with a total value of $1,206,858,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 BLACKBERRY LTD 1,221,606 9,955,000 0.82%
52 AMERITRADE HOLD 326,115 10,238,000 0.85%
53 STANTEC INC 416,946 10,638,000 0.88%
54 VARIAN MED SYS I 134,723 10,729,000 0.89%
55 EXXON MOBIL CORP 130,024 10,860,000 0.90%
56 MICROSOFT CORP 201,709 11,091,000 0.92%
57 FIRSTSERVICE CORP NEW 269,390 11,109,000 0.92%
58 CIPHER PHARMACEUTICALS INC 2,313,061 11,159,000 0.92%
59 UNION PAC CORP 148,237 11,783,000 0.98%
60 LAUDER ESTEE COS INC 126,482 11,875,000 0.98%
61 PRAXAIR INC 105,910 12,069,000 1.00%
62 BIOGEN INC 48,446 12,564,000 1.04%
63 WASTE CONNECTIONS INC COM 195,435 12,617,000 1.05%
64 RED HAT INC 172,072 12,813,000 1.06%
65 GILDAN ACTIVEWEAR INC 430,723 13,187,000 1.09%
66 BANK NEW YORK MELLON CORP 372,665 13,713,000 1.14%
67 PRIMERO MNG CORP 7,760,974 14,160,000 1.17%
68 LAKE SHORE GOLD CORP 10,000,167 14,612,000 1.21%
69 SKYWORKS SOLUTIONS INC 210,080 16,314,000 1.35%
70 TJX COS INC NEW 213,649 16,680,000 1.38%
71 ALPHABET INC 21,955 16,740,000 1.39%
72 BANK N S HALIFAX 343,731 16,867,000 1.40%
73 THOMSON REUTERS CORP 474,479 19,303,000 1.60%
74 S&P GLOBAL INC 212,652 20,988,000 1.74%
75 DESCARTES SYS GROUP INC COM 1,129,800 22,082,000 1.83%
76 CANADIAN NATL RY CO 425,115 26,675,000 2.21%
77 ADVANTAGE OIL & GAS LTD 4,910,532 27,069,000 2.24%
78 GOLDCORP INC NEW 1,740,377 28,350,000 2.35%
79 CANADIAN PAC RY LTD 228,128 30,433,000 2.52%
80 MAGNA INTL INC 756,541 32,655,000 2.71%
81 TELUS CORP 1,067,096 34,881,000 2.89%
82 PEMBINA PIPELINE CORP 1,325,807 35,988,000 2.98%
83 AGRIUM INC 487,861 43,251,000 3.58%
84 CONCORDIA INTERNATIONAL CORP 1,812,262 46,573,000 3.86%
85 FORTUNA SILVER MINES INC 12,119,144 47,410,000 3.93%
86 IMPERIAL OIL LTD 1,561,348 52,377,000 4.34%
87 GROUPE CGI INC 1,098,872 52,733,000 4.37%
88 ROYAL BK CDA MONTREAL QUE 1,816,316 105,079,000 8.71%
89 TORONTO DOMINION BK ONT 2,940,619 127,451,000 10.56%
Page 2 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001085146-16-003473, filed 2016.04.19).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.