Dark
Light
System
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 (2016Q4)
Portfolio Summary: 73 holdings with a total value of $1,817,464,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 TORONTO DOMINION BK ONT 4,347,924 214,697,000 11.81%
2 ROYAL BK CDA MONTREAL QUE 3,007,803 203,810,000 11.21%
3 BANK N S HALIFAX 2,290,728 127,702,000 7.03%
4 AGRIUM INC 1,187,434 119,500,000 6.58%
5 THOMSON REUTERS CORP 2,552,826 111,856,000 6.15%
6 SUN LIFE FINL INC 2,829,309 108,759,000 5.98%
7 TRANSCANADA CORP 1,358,205 61,314,000 3.37%
8 TELUS CORP 1,839,499 58,640,000 3.23%
9 FORTUNA SILVER MINES INC 9,028,620 51,100,000 2.81%
10 PEMBINA PIPELINE CORP 1,568,822 49,087,000 2.70%
11 OSISKO GOLD ROYALTIES LTD 4,846,845 47,310,000 2.60%
12 IMPERIAL OIL LTD 1,258,690 43,841,000 2.41%
13 BROOKFIELD INFRAST PARTNERS 1,237,507 41,452,000 2.28%
14 ADVANTAGE OIL & GAS LTD 5,799,505 39,440,000 2.17%
15 FIRSTSERVICE CORP NEW 669,809 31,836,000 1.75%
16 CANADIAN PAC RY LTD 200,718 28,671,000 1.58%
17 MAGNA INTL INC 578,201 25,136,000 1.38%
18 GROUPE CGI INC 492,844 23,682,000 1.30%
19 ALPHABET INC 26,633 21,041,000 1.16%
20 DESCARTES SYS GROUP INC COM 951,618 20,316,000 1.12%
21 BANK NEW YORK MELLON CORP 392,076 18,527,000 1.02%
22 FORTIS INC 531,578 16,434,000 0.90%
23 STANTEC INC 640,699 16,206,000 0.89%
24 ALGONQUIN PWR UTILS CORP 1,875,440 15,929,000 0.88%
25 AMERITRADE HOLD 364,702 15,847,000 0.87%
26 S&P GLOBAL INC 144,570 15,505,000 0.85%
27 RED HAT INC 209,708 14,573,000 0.80%
28 TJX COS INC NEW 193,661 14,503,000 0.80%
29 MASTERCARD INCORPORATED 130,953 13,521,000 0.74%
30 EXXON MOBIL CORP 133,507 12,022,000 0.66%
31 CANADIAN NATL RY CO 175,860 11,849,000 0.65%
32 COSTCO WHSL CORP NEW 72,150 11,535,000 0.63%
33 PRAXAIR INC 98,065 11,455,000 0.63%
34 AMAZON COM INC 14,594 10,928,000 0.60%
35 LAUDER ESTEE COS INC 141,751 10,818,000 0.60%
36 NIKE INC 211,848 10,736,000 0.59%
37 SKYWORKS SOLUTIONS INC 142,342 10,598,000 0.58%
38 RICHMONT MINES INC 1,628,676 10,590,000 0.58%
39 VARIAN MED SYS I 117,536 10,525,000 0.58%
40 VCA INCORPORATED 147,590 10,258,000 0.56%
41 SCHLUMBERGER LTD 111,081 9,296,000 0.51%
42 GILDAN ACTIVEWEAR INC 355,905 9,047,000 0.50%
43 TRANSGLOBE ENERGY CORP 5,246,718 8,881,000 0.49%
44 WELLS FARGO & CO NEW 157,027 8,654,000 0.48%
45 BIOGEN INC 28,993 8,203,000 0.45%
46 EOG RES INC 71,288 7,180,000 0.40%
47 DANAHER CORP DEL 88,513 6,869,000 0.38%
48 UNION PAC CORP 58,860 6,087,000 0.33%
49 ENCANA CORP 481,538 5,659,000 0.31%
50 JOHNSON & JOHNSON 47,471 5,469,000 0.30%
Page 1 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001085146-17-000138, filed 2017.01.19).

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.