The Globe and Mail reports in its Saturday, July 12, edition that Hillside Wealth Management portfolio manager Jason Del Vicario calls Constellation Software one of his top picks. The Globe's Brenda Bouw writes that Mr. Del Vicario paid $250 a share for the stock in 2014. It currently makes up about 15 per cent of his equity portfolio. He says, "We've never added to this name, but we have trimmed it a bit over the years -- including in July, 2024, at $4,300 a share and at $4,800 a share in January -- when we felt the valuation was a bit stretched." The business, which acquires and holds software companies used in a wide range of sectors, was founded by its president, Mark Leonard, in 1995. It has done more than 1,200 acquisitions since going public in 2006 and has only ever sold one. Mr. Del Vicario notes that Constellation has a wide moat because the companies it acquires are smaller and of less interest to private capital. The biggest risk with Constellation is its high valuation. It is very expensive. Mr. Del Vicario says, "We wouldn't recommend this as a stock to buy and own today for a short period, given the valuation, but believe it's still a good buy for longer-term investors."