DORCHESTER WEALTH MANAGEMENT Co

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 24, 2024), DORCHESTER WEALTH MANAGEMENT Co reported 160 stock positions worth $517.6 million. Its top holding was Apple (AAPL) at 10.5% of the portfolio, followed by Royal Bank of Canada (RY, 4.4%) and Alphabet Class C (GOOG, 3.3%). Compared with Q1 2024, it opened 9 new positions, sold out of 15, added to 27 and reduced 101. The biggest buy was Nvidia (NVDA, shares +16%) and the biggest sale State Street SPDR Euro Stoxx (FEZ, shares −95%).

Most Recent 13F
Q4 2024
Location
MONTREAL, A8
CIK
0001649888
Portfolio Value
$517.6M (Q2 2024)
SEC Filing
0001085146-24-003194 ↗ filed Jul 24, 2024

Holdings Value

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

Holdings 160 stocks · $517.6M
AAPL Apple Inc. 10.47% 257,216 $54.2M Reduce -6.3%
RY Royal Bank of Canada 4.39% 215,355 $22.7M Reduce -5.4%
GOOG Alphabet Inc. Class C 3.33% 94,015 $17.2M Reduce -2.5%
TD Toronto-Dominion Bank 3.18% 303,951 $16.5M Reduce -5.6%
BMO Bank of Montreal filed as BANK MONTREAL QUE 2.84% 176,332 $14.7M Reduce -4.0%
SU Suncor Energy Inc. 2.74% 387,675 $14.2M Reduce -4.1%
MFC Manulife Financial Corp. 2.43% 475,497 $12.6M Reduce -4.4%
ENB Enbridge Inc. 2.34% 345,563 $12.1M Reduce -1.1%
BCE Bce Inc. 2.32% 371,235 $12.0M Add +0.0%
JPM JPMorgan Chase & Co. 2.31% 59,175 $12.0M Reduce -5.0%
WMT Walmart Inc. 2.21% 169,179 $11.5M Reduce -7.2%
CNI Canadian Natl Railway Co. 2.13% 94,012 $11.0M Reduce -7.2%
JNJ Johnson & Johnson 2.10% 74,538 $10.9M Add +0.1%
CSCO Cisco Systems Inc. 2.07% 225,655 $10.7M Reduce -1.1%
TRP TC Energy Corp. 2.03% 280,632 $10.5M Add +0.0%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 1.87% 213,372 $9.7M Reduce -1.9%
MSFT Microsoft Corp. 1.85% 21,426 $9.6M Reduce -10.7%
ORCL Oracle Corp. 1.83% 67,130 $9.5M Reduce -1.8%
GIB Cgi Inc. 1.78% 93,694 $9.2M Reduce -2.8%
RCI Rogers Communications Inc. Class B 1.70% 240,382 $8.8M Add +1.5%
PEP Pepsico Inc. 1.69% 52,990 $8.7M Reduce -1.3%
CNQ Canadian Natural Resources 1.56% 228,754 $8.1M Reduce -22.6%
PFE Pfizer Inc. 1.52% 281,622 $7.9M Reduce -3.4%
CMCSA Comcast Corp. Class A 1.47% 194,360 $7.6M Reduce -0.6%
CVS CVS Health Corp. 1.44% 126,475 $7.5M Add +0.1%
PM Philip Morris International 1.40% 71,271 $7.2M Reduce -3.5%
OTEX Open Text Corp. 1.39% 243,459 $7.2M Add +1.7%
FDX FedEx Corp. 1.34% 23,187 $7.0M Reduce -1.8%
WTW Willis Towers Watson PLC 1.33% 26,357 $6.9M Reduce -2.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.31% 39,088 $6.8M Reduce -15.0%
COST Costco Wholesale Corp. 1.17% 7,147 $6.1M Reduce -5.0%
KVUE Kenvue Inc. 1.13% 321,620 $5.8M Add +7.0%
AEM Agnico Eagle Mines Ltd. 1.11% 89,989 $5.7M Reduce -42.7%
GDX Vaneck Gold Miners ETF 1.04% 159,405 $5.4M Reduce -3.7%
WFC Wells Fargo & Co. 1.02% 89,123 $5.3M Reduce -7.9%
V Visa Inc. Class A 0.98% 19,324 $5.1M Reduce -10.9%
NEM Newmont Corp. 0.97% 147,097 $5.0M Reduce -7.8%
GOOGL Alphabet Inc. Class A 0.92% 26,147 $4.8M Reduce -13.1%
BBU Brookfield Business PT-Unit 0.91% 254,524 $4.7M Reduce -0.4%
BRK.B Berkshire Hathaway Inc. Class B 0.85% 10,780 $4.4M No change
CVE Cenovus Energy Inc. 0.76% 211,481 $3.9M Reduce -1.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.70% 36,363 $3.6M Add +0.4%
VTRS Viatris Inc. 0.68% 330,024 $3.5M Reduce -0.5%
MCD McDonald's Corp. 0.64% 13,055 $3.3M Reduce -10.7%
FIX Comfort Systems USA Inc. 0.60% 10,145 $3.1M Reduce -0.6%
MTD Mettler-Toledo International 0.59% 2,172 $3.0M Add +4.3%
ACN Accenture PLC Class A 0.57% 9,712 $2.9M Add +17.9%
UNH Unitedhealth Group Inc. 0.56% 5,661 $2.9M Reduce -27.3%
AMZN Amazon.com Inc. 0.55% 14,745 $2.8M Reduce -0.7%
TU Telus Corp. 0.55% 186,696 $2.8M Reduce -6.0%
ZTS Zoetis Inc. 0.49% 14,646 $2.5M Reduce -3.8%
BBUC Brookfield Business Class A 0.46% 120,442 $2.4M Add +3.4%
NKE Nike Inc. Class B 0.45% 30,963 $2.3M Reduce -1.1%
NVDA Nvidia Corp. 0.43% 18,160 $2.2M Add +15.7%
SLF Sun Life Financial Inc. 0.35% 36,445 $1.8M Reduce -9.3%
VZ Verizon Communications Inc. 0.33% 41,213 $1.7M Reduce -7.3%
BN Brookfield Corp. 0.31% 38,316 $1.6M Reduce -9.2%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO 0.30% 33,201 $1.6M Reduce -7.3%
FISV Fiserv Inc. 0.29% 10,222 $1.5M Add +1.8%
CDNS Cadence Design SYS Inc. 0.27% 4,495 $1.4M Add +24.9%
GLW Corning Inc. 0.26% 35,112 $1.4M Reduce -6.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.26% 33,886 $1.3M Reduce -13.5%
BRK.A Berkshire Hathaway Inc. Class A 0.24% 2 $1.2M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.24% 2,236 $1.2M Reduce -0.3%
META Meta Platforms Inc. Class A 0.23% 2,374 $1.2M Reduce -8.0%
HD Home Depot Inc. 0.23% 3,454 $1.2M Add +0.9%
PG The Procter & Gamble Co. 0.22% 7,055 $1.2M Reduce -12.7%
C Citigroup Inc. 0.22% 18,290 $1.2M Add +18.1%
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.22% 29,500 $1.1M Reduce -0.2%
CL Colgate-Palmolive Co. 0.20% 10,806 $1.0M Reduce -32.5%
TAC Transalta Corp. 0.20% 147,400 $1.0M Reduce -0.6%
XLK SS Technology Select Sector 0.20% 4,465 $1.0M Reduce -20.5%
GILD Gilead Sciences Inc. 0.19% 14,558 $999K Reduce -7.8%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.19% 9,352 $995K Reduce -1.8%
MRK Merck & Co. Inc. 0.19% 7,975 $987K Reduce -18.8%
NFLX Netflix Inc. 0.18% 1,381 $932K No change
ABBV Abbvie Inc. 0.17% 5,255 $901K Reduce -17.9%
BIP Brookfield Infrastructure Pa 0.17% 37,130 $899K Reduce -1.4%
CAE Cae Inc. 0.17% 47,251 $877K Add +94.8%
PBA Pembina Pipeline Corp. 0.17% 23,641 $877K Reduce -1.7%
MA Mastercard Inc. Class A 0.17% 1,978 $873K Reduce -13.9%
CP Canadian Pacific Kansas City 0.16% 10,728 $844K Reduce -1.1%
WBA Walgreens Boots Alliance Inc. 0.14% 61,833 $748K Reduce -1.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.14% 6,465 $712K Reduce -1.5%
ABNB Airbnb Inc. Class A 0.13% 4,360 $661K Reduce -2.5%
SWK Stanley Black & Decker Inc. 0.12% 7,800 $623K Reduce -53.7%
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS 0.12% 98,350 $607K Add +2.8%
CVX Chevron Corp. 0.11% 3,680 $576K Reduce -9.7%
XOM Exxon Mobil Corp. 0.11% 4,830 $556K Reduce -18.1%
BMY Bristol-Myers Squibb Co. 0.11% 13,232 $550K Reduce -7.7%
PYPL PayPal Holdings Inc. 0.11% 9,430 $547K Add +28.5%
GS Goldman Sachs Group Inc. 0.10% 1,197 $541K No change
TIXT Telus International Cda Inc. 0.10% 90,410 $522K Add +49.0%
BA The Boeing Co. 0.10% 2,845 $518K Reduce -6.6%
BEP Brookfield Renewable Partner 0.10% 27,098 $513K Reduce -10.3%
TFII Tfi International Inc. 0.10% 3,521 $511K Reduce -7.8%
EWC iShares MSCI Canada ETF 0.09% 13,141 $487K Add +1.1%
T AT&T Inc. 0.09% 25,171 $481K Reduce -0.1%
NTR Nutrien Ltd. 0.09% 9,351 $476K Reduce -8.7%
MDT Medtronic PLC 0.09% 5,897 $464K Add +4.3%
FTS Fortis Inc. 0.09% 11,636 $452K Reduce -10.1%
KGC Kinross Gold Corp. 0.09% 54,650 $446K Reduce -34.1%
B Barrick Gold Corp. 0.09% 26,419 $440K Reduce -27.7%
BTG B2GOLD Corp. 0.09% 164,050 $440K Reduce -0.3%
VOD Vodafone Group PLC-SP ADR 0.08% 48,931 $434K Add +6.6%
ABT Abbott Laboratories 0.08% 4,108 $427K Reduce -28.0%
ASA ASA Gold and Precious Metals 0.08% 24,025 $421K Reduce -0.4%
PAAS Pan American Silver Corp. 0.08% 21,451 $417K Reduce -24.6%
EQX Equinox Gold Corp. 0.08% 79,400 $414K Reduce -20.4%
MAG Mag Silver Corp. 0.08% 35,125 $410K Reduce -14.0%
PK Park Hotels & Resorts Inc. 0.08% 27,225 $408K Reduce -6.5%
IAG Iamgold Corp. 0.08% 106,100 $398K Reduce -37.3%
IWM iShares Russell 2000 ETF 0.07% 1,900 $385K No change
QQQ Invesco QQQ Trust Series 1 0.07% 800 $383K No change
TECK Teck Resources Ltd.-CLS B 0.07% 7,900 $378K No change
CRM Salesforce Inc. 0.07% 1,400 $360K No change
BAM Brookfield Asset Mgmt-A 0.07% 9,146 $348K Reduce -4.0%
SBUX Starbucks Corp. 0.07% 4,455 $347K Reduce -11.9%
UBER Uber Technologies Inc. 0.07% 4,770 $347K New
LOW Lowe's Cos Inc. 0.07% 1,555 $343K Reduce -34.0%
PANW Palo Alto Networks Inc. 0.06% 985 $334K New
WPM Wheaton Precious Metals Corp. 0.06% 6,075 $313K No change
INTC Intel Corp. 0.06% 10,050 $311K Add +56.4%
FSM Fortuna Mining Corp. 0.06% 62,500 $305K Reduce -35.5%
NVS Novartis AG-Sponsored ADR 0.06% 2,845 $303K Reduce -3.4%
XOP SS SPDR S&P Og Exp & Prod 0.06% 2,050 $298K No change
BTE Baytex Energy Corp. 0.06% 137,700 $293K No change
FSLR First Solar Inc. 0.06% 1,300 $293K Reduce -20.0%
CMI Cummins Inc. 0.06% 1,050 $291K Reduce -43.2%
GM General Motors Co. 0.05% 6,000 $279K No change
DEO Diageo PLC-Sponsored ADR 0.05% 2,160 $272K Reduce -18.9%
LLY Eli Lilly & Co. 0.05% 294 $266K No change
MELI MercadoLibre Inc. 0.05% 155 $255K Reduce -12.4%
QSR Restaurant Brands Intern 0.05% 4,102 $254K Reduce -4.7%
TAP Molson Coors Beverage Co. Class B 0.05% 4,900 $249K Add +6.5%
BP BP PLC-Spons ADR 0.05% 6,475 $234K Reduce -23.8%
GIL Gildan Activewear Inc. 0.04% 6,090 $231K No change
TRI Thomson Reuters Corp. 0.04% 1,370 $231K New
GLD SPDR Gold Shares 0.04% 1,050 $226K Reduce -6.7%
KO The Coca-Cola Co. 0.04% 3,506 $223K New
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.04% 3,700 $222K No change
IXN iShares Global Tech ETF 0.04% 2,600 $217K New
BEPC Brookfield Renewable Cor-A 0.04% 8,338 $217K Reduce -23.3%
FEZ State Street SPDR Euro Stoxx 0.04% 4,315 $216K Reduce -94.8%
IYJ iShares U.S. Industrials ETF 0.04% 1,800 $215K No change
VNQ Vanguard Real Estate ETF 0.04% 2,500 $209K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.04% 535 $209K No change
APD Air Products & Chemicals Inc. 0.04% 800 $206K New
TSLA Tesla Inc. 0.04% 1,098 $206K New
BUD Anheuser-Busch Inbev-SPN ADR 0.04% 3,500 $204K No change
MGNI Magnite Inc. 0.04% 13,900 $185K New
MQ Marqeta Inc. 0.03% 31,969 $175K No change
SLSR Solaris Resources Inc. 0.03% 58,000 $162K New
VIV Telefonica Brasil-ADR 0.02% 12,500 $103K Reduce -0.2%
VMD Viemed Healthcare Inc. 0.02% 15,480 $101K Add +6.9%
WBD Warner Bros Discovery Inc. 0.01% 10,299 $77K Reduce -0.1%
GFL GFL Environmental Inc.-Sub VT 0.01% 10,575 $52K Add +41.0%
TELFY Telefonica SA-Spon ADR 0.01% 10,954 $46K No change
AQMS Aqua Metals Inc. 0.00% 53,400 $17K No change
NVEI Nuvei Corp.-Subordinate VTG 0.00% 548,400 $8K No change

Portfolio Sells Q1 2024 → Q2 2024
FEZ State Street SPDR Euro Stoxx Reduce -94.8% 0.04% −0.75
CNQ Canadian Natural Resources Reduce -22.6% 1.56% −0.45
AEM Agnico Eagle Mines Ltd. Reduce -42.7% 1.11% −0.43
BMO Bank of Montreal Reduce -4.0% 2.84% −0.37
IBM Intl Business Machines Corp. Reduce -15.0% 1.31% −0.27
TD Toronto-Dominion Bank Reduce -5.6% 3.18% −0.27
CNI Canadian Natl Railway Co. Reduce -7.2% 2.13% −0.26
TCN Tricon Residential Inc. Sold out 0.00% −0.21
SWK Stanley Black & Decker Inc. Reduce -53.7% 0.12% −0.18
AGI Alamos Gold Inc. Class A Sold out 0.00% −0.16
UNH Unitedhealth Group Inc. Reduce -27.3% 0.56% −0.14
BNS Bank of Nova Scotia Reduce -1.9% 1.87% −0.13
V Visa Inc. Class A Reduce -10.9% 0.98% −0.11
MO Altria Group Inc. Sold out 0.00% −0.10
WBA Walgreens Boots Alliance Inc. Reduce -1.7% 0.14% −0.10
MCD McDonald's Corp. Reduce -10.7% 0.64% −0.10
GIB Cgi Inc. Reduce -2.8% 1.78% −0.10
NKE Nike Inc. Class B Reduce -1.1% 0.45% −0.08
BBU Brookfield Business PT-Unit Reduce -0.4% 0.91% −0.07
EL Estee Lauder Companies Class A Reduce -1.8% 0.19% −0.07
OVV Ovintiv Inc. Sold out 0.00% −0.07
MIDD Middleby Corp. Sold out 0.00% −0.06
CL Colgate-Palmolive Co. Reduce -32.5% 0.20% −0.06
CMCSA Comcast Corp. Class A Reduce -0.6% 1.47% −0.06
KHC The Kraft Heinz Co. Sold out 0.00% −0.05
DHR Danaher Corp. Sold out 0.00% −0.05
SLF Sun Life Financial Inc. Reduce -9.3% 0.35% −0.05
GE General Electric Sold out 0.00% −0.05
MRK Merck & Co. Inc. Reduce -18.8% 0.19% −0.04
CMI Cummins Inc. Reduce -43.2% 0.06% −0.04
LOW Lowe's Cos Inc. Reduce -34.0% 0.07% −0.04
DG Dollar General Corp. Sold out 0.00% −0.04
FNV Franco-Nevada Corp. Sold out 0.00% −0.04
MPC Marathon Petroleum Corp. Sold out 0.00% −0.04
DAL Delta Air Lines Inc. Sold out 0.00% −0.04
IYM iShares U.S. Basic Materials Sold out 0.00% −0.04
ABBV Abbvie Inc. Reduce -17.9% 0.17% −0.04
VTRS Viatris Inc. Reduce -0.5% 0.68% −0.04
ABT Abbott Laboratories Reduce -28.0% 0.08% −0.03
BMY Bristol-Myers Squibb Co. Reduce -7.7% 0.11% −0.03
MA Mastercard Inc. Class A Reduce -13.9% 0.17% −0.03
SILV Silvercrest Metals Inc. Sold out 0.00% −0.03
EQX Equinox Gold Corp. Reduce -20.4% 0.08% −0.03
TU Telus Corp. Reduce -6.0% 0.55% −0.03
IAG Iamgold Corp. Reduce -37.3% 0.08% −0.02
CM Can Imperial BK of Commerce Reduce -7.3% 0.30% −0.02
DEO Diageo PLC-Sponsored ADR Reduce -18.9% 0.05% −0.02
SBUX Starbucks Corp. Reduce -11.9% 0.07% −0.02
XOM Exxon Mobil Corp. Reduce -18.1% 0.11% −0.02
GILD Gilead Sciences Inc. Reduce -7.8% 0.19% −0.02

Portfolio Buys Q1 2024 → Q2 2024
NVDA Nvidia Corp. Add +15.7% 0.43% +0.18
MTD Mettler-Toledo International Add +4.3% 0.59% +0.09
CAE Cae Inc. Add +94.8% 0.17% +0.08
UBER Uber Technologies Inc. New 0.07% +0.07
CDNS Cadence Design SYS Inc. Add +24.9% 0.27% +0.07
PANW Palo Alto Networks Inc. New 0.06% +0.06
ACN Accenture PLC Class A Add +17.9% 0.57% +0.06
BCE Bce Inc. Add +0.0% 2.32% +0.05
C Citigroup Inc. Add +18.1% 0.22% +0.05
TRI Thomson Reuters Corp. New 0.04% +0.04
KO The Coca-Cola Co. New 0.04% +0.04
IXN iShares Global Tech ETF New 0.04% +0.04
APD Air Products & Chemicals Inc. New 0.04% +0.04
TSLA Tesla Inc. New 0.04% +0.04
MGNI Magnite Inc. New 0.04% +0.04
SLSR Solaris Resources Inc. New 0.03% +0.03
TRP TC Energy Corp. Add +0.0% 2.03% +0.02
ERIC Ericsson (lm) Tel-SP ADR Add +2.8% 0.12% +0.02
PYPL PayPal Holdings Inc. Add +28.5% 0.11% +0.02
VOD Vodafone Group PLC-SP ADR Add +6.6% 0.08% +0.01
INTC Intel Corp. Add +56.4% 0.06% +0.01
TIXT Telus International Cda Inc. Add +49.0% 0.10% +0.01
FISV Fiserv Inc. Add +1.8% 0.29% +0.01
EWC iShares MSCI Canada ETF Add +1.1% 0.09% +0.00
MDT Medtronic PLC Add +4.3% 0.09% +0.00
VMD Viemed Healthcare Inc. Add +6.9% 0.02% −0.01
HD Home Depot Inc. Add +0.9% 0.23% −0.01
TAP Molson Coors Beverage Co. Class B Add +6.5% 0.05% −0.01
JNJ Johnson & Johnson Add +0.1% 2.10% −0.02
RCI Rogers Communications Inc. Class B Add +1.5% 1.70% −0.03
KVUE Kenvue Inc. Add +7.0% 1.13% −0.03
BBUC Brookfield Business Class A Add +3.4% 0.46% −0.03
GFL GFL Environmental Inc.-Sub VT Add +41.0% 0.01% −0.04
DIS The Walt Disney Co. Add +0.4% 0.70% −0.10
OTEX Open Text Corp. Add +1.7% 1.39% −0.25
CVS CVS Health Corp. Add +0.1% 1.44% −0.37

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