DORCHESTER WEALTH MANAGEMENT Co

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 4, 2025), DORCHESTER WEALTH MANAGEMENT Co reported 146 stock positions worth $501.3 million. Its top holding was Apple (AAPL) at 10.4% of the portfolio, followed by Bank of Montreal (BMO, 3.5%) and Alphabet Class C (GOOG, 3.5%). Compared with Q3 2024, it opened 6 new positions, sold out of 23, added to 36 and reduced 67. The biggest buy was Microsoft (MSFT, shares +36%) and the biggest sale Bce (BCE, shares −82%).

Most Recent 13F
Q4 2024
Location
MONTREAL, A8
CIK
0001649888
Portfolio Value
$501.3M (Q4 2024)
SEC Filing
0001085146-25-000732 ↗ filed Feb 4, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $555.7M Q1 2024 Q2 2024: $517.6M Q2 2024 Q3 2024: $548.2M Q3 2024 Q4 2024: $501.3M $501.3M Q4 2024

Holdings 146 stocks · $501.3M
AAPL Apple Inc. 10.38% 207,802 $52.0M Reduce -18.0%
BMO Bank of Montreal filed as BANK MONTREAL QUE 3.52% 183,463 $17.7M Add +0.4%
GOOG Alphabet Inc. Class C 3.48% 91,564 $17.4M Reduce -4.5%
TD Toronto-Dominion Bank 3.16% 302,234 $15.8M Reduce -0.3%
RY Royal Bank of Canada 2.96% 123,052 $14.8M Reduce -8.0%
WMT Walmart Inc. 2.88% 159,710 $14.4M Reduce -4.7%
ENB Enbridge Inc. 2.85% 341,353 $14.3M Reduce -0.4%
JPM JPMorgan Chase & Co. 2.81% 58,741 $14.1M Reduce -0.9%
MFC Manulife Financial Corp. 2.79% 459,423 $14.0M Reduce -1.4%
CSCO Cisco Systems Inc. 2.69% 227,935 $13.5M Add +0.3%
SU Suncor Energy Inc. 2.64% 386,750 $13.2M Reduce -0.2%
TRP TC Energy Corp. 2.42% 265,181 $12.2M Reduce -1.4%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 2.30% 216,142 $11.5M Add +1.3%
ORCL Oracle Corp. 2.17% 65,305 $10.9M Reduce -1.4%
JNJ Johnson & Johnson 2.16% 75,027 $10.8M Add +1.9%
GIB Cgi Inc. 2.00% 93,521 $10.0M Add +3.9%
RCI Rogers Communications Inc. Class B 1.93% 317,971 $9.7M Add +30.1%
CNI Canadian Natl Railway Co. 1.87% 93,054 $9.4M Add +1.0%
MSFT Microsoft Corp. 1.74% 20,723 $8.7M Add +36.0%
PM Philip Morris International 1.71% 71,056 $8.6M Reduce -0.1%
PEP Pepsico Inc. 1.67% 55,180 $8.4M Add +1.6%
PFE Pfizer Inc. 1.56% 294,077 $7.8M Reduce -0.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.53% 34,858 $7.7M Reduce -25.5%
CMCSA Comcast Corp. Class A 1.50% 199,705 $7.5M Reduce -0.3%
KVUE Kenvue Inc. 1.47% 344,070 $7.3M Reduce -0.9%
OTEX Open Text Corp. 1.42% 256,149 $7.1M Add +1.2%
CNQ Canadian Natural Resources 1.40% 229,729 $7.0M Add +0.8%
FDX FedEx Corp. 1.37% 24,391 $6.9M Reduce -0.1%
COST Costco Wholesale Corp. 1.35% 7,395 $6.8M Add +1.4%
AEM Agnico Eagle Mines Ltd. 1.29% 94,901 $6.4M Reduce -0.1%
BBU Brookfield Business PT-Unit 1.12% 244,547 $5.6M Reduce -0.9%
CVS CVS Health Corp. 1.10% 122,445 $5.5M Reduce -9.2%
GDX Vaneck Gold Miners ETF 1.07% 157,515 $5.3M Reduce -1.0%
GOOGL Alphabet Inc. Class A 0.98% 26,014 $4.9M Reduce -1.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.92% 41,588 $4.6M Add +13.2%
NEM Newmont Corp. 0.92% 150,410 $4.6M Reduce -1.2%
V Visa Inc. Class A 0.89% 14,105 $4.5M Reduce -26.4%
BRK.B Berkshire Hathaway Inc. Class B 0.84% 9,298 $4.2M Reduce -0.9%
VTRS Viatris Inc. 0.81% 324,875 $4.0M Reduce -2.8%
AMZN Amazon.com Inc. 0.79% 18,130 $4.0M Add +0.3%
FIX Comfort Systems USA Inc. 0.79% 9,360 $4.0M Reduce -1.6%
MCD McDonald's Corp. 0.75% 13,034 $3.8M Reduce -1.5%
CVE Cenovus Energy Inc. 0.62% 222,071 $3.1M Add +1.9%
BBUC Brookfield Business Class A 0.55% 118,001 $2.8M Add +0.1%
TU Telus Corp. 0.52% 192,634 $2.6M Add +10.0%
NVDA Nvidia Corp. 0.52% 19,324 $2.6M New
NKE Nike Inc. Class B 0.48% 31,517 $2.4M Reduce -3.5%
ZTS Zoetis Inc. 0.43% 13,371 $2.2M Reduce -2.9%
SLF Sun Life Financial Inc. 0.42% 35,192 $2.1M Reduce -0.4%
BN Brookfield Corp. 0.41% 35,920 $2.1M Reduce -1.9%
TAC Transalta Corp. 0.39% 139,600 $2.0M Reduce -1.6%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 0.39% 30,601 $1.9M Reduce -3.2%
FISV Fiserv Inc. 0.38% 9,247 $1.9M Reduce -0.5%
CDNS Cadence Design SYS Inc. 0.31% 5,215 $1.6M No change
VZ Verizon Communications Inc. 0.31% 39,118 $1.6M Reduce -2.2%
BCE Bce Inc. 0.31% 66,301 $1.5M Reduce -82.3%
GLW Corning Inc. 0.30% 32,062 $1.5M No change
META Meta Platforms Inc. Class A 0.29% 2,466 $1.4M Add +1.4%
ITA iShares U.S. Aerospace & Def 0.28% 9,820 $1.4M Add +5.9%
LOW Lowe's Cos Inc. 0.27% 5,495 $1.4M Add +27.6%
UNH Unitedhealth Group Inc. 0.27% 2,631 $1.3M Reduce -25.6%
GILD Gilead Sciences Inc. 0.26% 14,158 $1.3M Reduce -1.4%
HD Home Depot Inc. 0.26% 3,334 $1.3M Reduce -2.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.25% 2,141 $1.3M Reduce -4.9%
NFLX Netflix Inc. 0.25% 1,381 $1.2M Reduce -0.1%
ABBV Abbvie Inc. 0.24% 6,745 $1.2M Add +2.9%
C Citigroup Inc. 0.24% 16,907 $1.2M No change
PG The Procter & Gamble Co. 0.23% 6,838 $1.1M Reduce -0.7%
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.22% 28,965 $1.1M Reduce -3.3%
AGI Alamos Gold Inc. Class A 0.22% 60,092 $1.1M Reduce -0.1%
BMY Bristol-Myers Squibb Co. 0.22% 19,340 $1.1M No change
XLK SS Technology Select Sector 0.21% 4,610 $1.1M No change
MA Mastercard Inc. Class A 0.20% 1,928 $1.0M Add +68.4%
BIP Brookfield Infrastructure Pa 0.20% 36,245 $1.0M Add +40.6%
CL Colgate-Palmolive Co. 0.19% 10,606 $964K No change
PYPL PayPal Holdings Inc. 0.18% 10,655 $909K Add +0.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.18% 20,641 $907K Reduce -4.6%
PBA Pembina Pipeline Corp. 0.17% 23,526 $868K Reduce -0.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.16% 6,465 $781K No change
CP Canadian Pacific Kansas City 0.15% 10,739 $777K Add +0.1%
MRK Merck & Co. Inc. 0.15% 7,545 $751K No change
GS Goldman Sachs Group Inc. 0.14% 1,197 $685K No change
CAE Cae Inc. 0.12% 23,483 $596K Reduce -1.1%
SBUX Starbucks Corp. 0.11% 6,215 $567K No change
EWC iShares MSCI Canada ETF 0.10% 12,991 $524K No change
CVX Chevron Corp. 0.10% 3,550 $514K Reduce -3.5%
SOBO South Bow Corp. 0.10% 22,422 $511K Reduce -58.3%
NTR Nutrien Ltd. 0.10% 11,635 $502K Add +24.4%
XOM Exxon Mobil Corp. 0.10% 4,600 $495K New
T AT&T Inc. 0.10% 21,689 $494K Reduce -13.8%
FIVN FIVE9 Inc. 0.10% 12,125 $493K Add +10.2%
ASA ASA Gold and Precious Metals 0.10% 23,925 $484K Reduce -0.4%
IWM iShares Russell 2000 ETF 0.10% 2,165 $478K Add +4.8%
BAM Brookfield Asset Mgmt-A 0.09% 8,702 $471K No change
FTS Fortis Inc. 0.09% 11,351 $471K Add +0.2%
BEP Brookfield Renewable Partner 0.09% 26,948 $468K Reduce -0.6%
CRM Salesforce Inc. 0.09% 1,400 $468K No change
SWK Stanley Black & Decker Inc. 0.09% 5,800 $466K No change
INTC Intel Corp. 0.09% 22,570 $453K Add +9.4%
ABT Abbott Laboratories 0.09% 3,908 $442K No change

Show all 146 holdings

Portfolio Sells Q3 2024 → Q4 2024
BCE Bce Inc. Reduce -82.3% 0.31% −2.07
WTW Willis Towers Watson PLC Sold out 0.00% −1.41
MTD Mettler-Toledo International Sold out 0.00% −0.56
ACN Accenture PLC Class A Sold out 0.00% −0.51
CVS CVS Health Corp. Reduce -9.2% 1.10% −0.45
AAPL Apple Inc. Reduce -18.0% 10.38% −0.39
IBM Intl Business Machines Corp. Reduce -25.5% 1.53% −0.36
NEM Newmont Corp. Reduce -1.2% 0.92% −0.31
TD Toronto-Dominion Bank Reduce -0.3% 3.16% −0.29
BRK.A Berkshire Hathaway Inc. Class A Sold out 0.00% −0.25
SOBO South Bow Corp. Reduce -58.3% 0.10% −0.12
ERIC Ericsson (lm) Tel-SP ADR Sold out 0.00% −0.12
VOD Vodafone Group PLC-SP ADR Sold out 0.00% −0.11
UNH Unitedhealth Group Inc. Reduce -25.6% 0.27% −0.11
MDT Medtronic PLC Sold out 0.00% −0.10
GDX Vaneck Gold Miners ETF Reduce -1.0% 1.07% −0.09
TFII Tfi International Inc. Sold out 0.00% −0.09
V Visa Inc. Class A Reduce -26.4% 0.89% −0.07
NVS Novartis AG-Sponsored ADR Sold out 0.00% −0.06
MELI MercadoLibre Inc. Sold out 0.00% −0.06
WBA Walgreens Boots Alliance Inc. Reduce -66.7% 0.04% −0.06
ZTS Zoetis Inc. Reduce -2.9% 0.43% −0.06
DEO Diageo PLC-Sponsored ADR Sold out 0.00% −0.05
NKE Nike Inc. Class B Reduce -3.5% 0.48% −0.05
RY Royal Bank of Canada Reduce -8.0% 2.96% −0.05
STLD Steel Dynamics Inc. Sold out 0.00% −0.05
BEPC Brookfield Renewable Cor-A Sold out 0.00% −0.05
BUD Anheuser-Busch Inbev-SPN ADR Sold out 0.00% −0.04
ASML ASML Holding NV-NY Reg SHS Sold out 0.00% −0.04
FEZ State Street SPDR Euro Stoxx Sold out 0.00% −0.04
KHC The Kraft Heinz Co. Sold out 0.00% −0.04
IYM iShares U.S. Basic Materials Sold out 0.00% −0.04
BP BP PLC-Spons ADR Sold out 0.00% −0.04
CMCSA Comcast Corp. Class A Reduce -0.3% 1.50% −0.03
BA The Boeing Co. Reduce -47.5% 0.06% −0.03
VIV Telefonica Brasil-ADR Sold out 0.00% −0.02
MAG Mag Silver Corp. Reduce -25.5% 0.07% −0.02
VZ Verizon Communications Inc. Reduce -2.2% 0.31% −0.02
WBD Warner Bros Discovery Inc. Sold out 0.00% −0.02
B Barrick Gold Corp. Reduce -0.4% 0.07% −0.01
BEP Brookfield Renewable Partner Reduce -0.6% 0.09% −0.01
BTG B2GOLD Corp. Reduce -0.6% 0.08% −0.01
UBER Uber Technologies Inc. Reduce -2.5% 0.06% −0.01
EQX Equinox Gold Corp. Reduce -0.6% 0.08% −0.01
PBA Pembina Pipeline Corp. Reduce -0.5% 0.17% −0.00
T AT&T Inc. Reduce -13.8% 0.10% −0.00
AQMS Aqua Metals Inc. Sold out 0.00% −0.00
YETI Yeti Holdings Inc. Reduce -3.3% 0.22% −0.00
TAP Molson Coors Beverage Co. Class B Reduce -11.2% 0.05% −0.00
NVEI Nuvei Corp.-Subordinate VTG Sold out 0.00% −0.00

Portfolio Buys Q3 2024 → Q4 2024
MSFT Microsoft Corp. Add +36.0% 1.74% +0.55
BMO Bank of Montreal Add +0.4% 3.52% +0.54
NVDA Nvidia Corp. New 0.52% +0.52
CSCO Cisco Systems Inc. Add +0.3% 2.69% +0.48
DIS The Walt Disney Co. Add +13.2% 0.92% +0.28
BNS Bank of Nova Scotia Add +1.3% 2.30% +0.19
AMZN Amazon.com Inc. Add +0.3% 0.79% +0.18
COST Costco Wholesale Corp. Add +1.4% 1.35% +0.17
RCI Rogers Communications Inc. Class B Add +30.1% 1.93% +0.16
GIB Cgi Inc. Add +3.9% 2.00% +0.15
MA Mastercard Inc. Class A Add +68.4% 0.20% +0.10
XOM Exxon Mobil Corp. New 0.10% +0.10
TSLA Tesla Inc. New 0.08% +0.08
HON Honeywell International Inc. New 0.08% +0.08
BIP Brookfield Infrastructure Pa Add +40.6% 0.20% +0.06
LOW Lowe's Cos Inc. Add +27.6% 0.27% +0.06
LLY Eli Lilly & Co. New 0.05% +0.05
FIVN FIVE9 Inc. Add +10.2% 0.10% +0.04
META Meta Platforms Inc. Class A Add +1.4% 0.29% +0.03
CNQ Canadian Natural Resources Add +0.8% 1.40% +0.03
ITA iShares U.S. Aerospace & Def Add +5.9% 0.28% +0.03
MGNI Magnite Inc. Add +33.3% 0.08% +0.03
PYPL PayPal Holdings Inc. Add +0.7% 0.18% +0.03
BBUC Brookfield Business Class A Add +0.1% 0.55% +0.02
NTR Nutrien Ltd. Add +24.4% 0.10% +0.02
ETSY Etsy Inc. Add +34.0% 0.05% +0.02
HDSN Hudson Technologies Inc. New 0.01% +0.01
IWM iShares Russell 2000 ETF Add +4.8% 0.10% +0.01
SLSR Solaris Resources Inc. Add +8.6% 0.04% +0.01
TIXT Telus International Cda Inc. Add +17.5% 0.04% +0.01
ABNB Airbnb Inc. Class A Add +2.8% 0.05% +0.01
CVE Cenovus Energy Inc. Add +1.9% 0.62% +0.00
ABBV Abbvie Inc. Add +2.9% 0.24% +0.00
INTC Intel Corp. Add +9.4% 0.09% +0.00
FTS Fortis Inc. Add +0.2% 0.09% +0.00
EL Estee Lauder Companies Class A Add +10.3% 0.08% −0.01
PEP Pepsico Inc. Add +1.6% 1.67% −0.01
CP Canadian Pacific Kansas City Add +0.1% 0.15% −0.01
TU Telus Corp. Add +10.0% 0.52% −0.02
JNJ Johnson & Johnson Add +1.9% 2.16% −0.02
CNI Canadian Natl Railway Co. Add +1.0% 1.87% −0.08
OTEX Open Text Corp. Add +1.2% 1.42% −0.09

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q4 2024 146$501.3MAAPL, BMO, GOOG, TD, RY
Q3 2024 162$548.2MAAPL, TD, RY, BMO, GOOG
Q2 2024 160$517.6MAAPL, RY, GOOG, TD, BMO
Q1 2024 166$555.7MAAPL, RY, TD, BMO, GOOG