DORCHESTER WEALTH MANAGEMENT Co

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 22, 2024), DORCHESTER WEALTH MANAGEMENT Co reported 162 stock positions worth $548.2 million. Its top holding was Apple (AAPL) at 10.8% of the portfolio, followed by Toronto-Dominion Bank (TD, 3.4%) and Royal Bank of Canada (RY, 3.0%). Compared with Q2 2024, it opened 13 new positions, sold out of 11, added to 47 and reduced 63. The biggest buy was Intl Business Machines (IBM, shares +20%) and the biggest sale Royal Bank of Canada (RY, shares −38%).

Most Recent 13F
Q4 2024
Location
MONTREAL, A8
CIK
0001649888
Portfolio Value
$548.2M (Q3 2024)
SEC Filing
0001085146-24-005045 ↗ filed Oct 22, 2024

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 $548.2M Q3 2024 Q4 2024: $501.3M Q4 2024

Holdings 162 stocks · $548.2M
AAPL Apple Inc. 10.77% 253,354 $59.0M Reduce -1.5%
TD Toronto-Dominion Bank 3.44% 303,046 $18.9M Reduce -0.3%
RY Royal Bank of Canada 3.01% 133,700 $16.5M Reduce -37.9%
BMO Bank of Montreal filed as BANK MONTREAL QUE 2.99% 182,675 $16.4M Add +3.6%
GOOG Alphabet Inc. Class C 2.92% 95,857 $16.0M Add +2.0%
ENB Enbridge Inc. 2.51% 342,738 $13.8M Reduce -0.8%
SU Suncor Energy Inc. 2.50% 387,646 $13.7M Reduce -0.0%
MFC Manulife Financial Corp. 2.49% 466,062 $13.7M Reduce -2.0%
WMT Walmart Inc. 2.47% 167,588 $13.5M Reduce -0.9%
BCE Bce Inc. 2.38% 374,894 $13.0M Add +1.0%
TRP TC Energy Corp. 2.30% 268,821 $12.6M Reduce -4.2%
JPM JPMorgan Chase & Co. 2.28% 59,301 $12.5M Add +0.2%
CSCO Cisco Systems Inc. 2.21% 227,365 $12.1M Add +0.8%
JNJ Johnson & Johnson 2.18% 73,643 $11.9M Reduce -1.2%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 2.11% 213,456 $11.6M Add +0.0%
ORCL Oracle Corp. 2.06% 66,240 $11.3M Reduce -1.3%
CNI Canadian Natl Railway Co. 1.95% 92,115 $10.7M Reduce -2.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.89% 46,768 $10.3M Add +19.6%
GIB Cgi Inc. 1.85% 90,057 $10.2M Reduce -3.9%
RCI Rogers Communications Inc. Class B 1.78% 244,353 $9.7M Add +1.6%
PEP Pepsico Inc. 1.69% 54,340 $9.2M Add +2.5%
PM Philip Morris International 1.58% 71,166 $8.6M Reduce -0.1%
PFE Pfizer Inc. 1.55% 294,312 $8.5M Add +4.5%
CVS CVS Health Corp. 1.55% 134,815 $8.5M Add +6.6%
CMCSA Comcast Corp. Class A 1.53% 200,280 $8.4M Add +3.0%
OTEX Open Text Corp. 1.51% 253,184 $8.3M Add +4.0%
KVUE Kenvue Inc. 1.47% 347,270 $8.0M Add +8.0%
WTW Willis Towers Watson PLC 1.41% 26,167 $7.7M Reduce -0.7%
CNQ Canadian Natural Resources 1.37% 227,844 $7.5M Reduce -0.4%
NEM Newmont Corp. 1.23% 152,227 $6.7M Add +3.5%
FDX FedEx Corp. 1.22% 24,419 $6.7M Add +5.3%
AEM Agnico Eagle Mines Ltd. 1.22% 94,966 $6.7M Add +5.5%
MSFT Microsoft Corp. 1.20% 15,241 $6.6M Reduce -28.9%
COST Costco Wholesale Corp. 1.18% 7,295 $6.5M Add +2.1%
GDX Vaneck Gold Miners ETF 1.16% 159,175 $6.3M Reduce -0.1%
BBU Brookfield Business PT-Unit 1.03% 246,712 $5.6M Reduce -3.1%
V Visa Inc. Class A 0.96% 19,160 $5.3M Reduce -0.8%
GOOGL Alphabet Inc. Class A 0.80% 26,288 $4.4M Add +0.5%
BRK.B Berkshire Hathaway Inc. Class B 0.79% 9,382 $4.3M Reduce -13.0%
MCD McDonald's Corp. 0.73% 13,229 $4.0M Add +1.3%
VTRS Viatris Inc. 0.71% 334,350 $3.9M Add +1.3%
FIX Comfort Systems USA Inc. 0.68% 9,510 $3.7M Reduce -6.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.64% 36,743 $3.5M Add +1.1%
CVE Cenovus Energy Inc. 0.62% 217,911 $3.4M Add +3.0%
AMZN Amazon.com Inc. 0.61% 18,068 $3.4M Add +22.5%
MTD Mettler-Toledo International 0.56% 2,065 $3.1M Reduce -4.9%
TU Telus Corp. 0.54% 175,162 $2.9M Reduce -6.2%
BBUC Brookfield Business Class A 0.53% 117,863 $2.9M Reduce -2.1%
NKE Nike Inc. Class B 0.53% 32,657 $2.9M Add +5.5%
ACN Accenture PLC Class A 0.51% 7,982 $2.8M Reduce -17.8%
ZTS Zoetis Inc. 0.49% 13,771 $2.7M Reduce -6.0%
UNH Unitedhealth Group Inc. 0.38% 3,534 $2.1M Reduce -37.6%
SLF Sun Life Financial Inc. 0.37% 35,323 $2.0M Reduce -3.1%
BN Brookfield Corp. 0.35% 36,617 $1.9M Reduce -4.4%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 0.35% 31,601 $1.9M Reduce -4.8%
VZ Verizon Communications Inc. 0.33% 40,013 $1.8M Reduce -2.9%
FISV Fiserv Inc. 0.30% 9,297 $1.7M Reduce -9.1%
TAC Transalta Corp. 0.27% 141,800 $1.5M Reduce -3.8%
GLW Corning Inc. 0.26% 32,062 $1.4M Reduce -8.7%
CDNS Cadence Design SYS Inc. 0.26% 5,215 $1.4M Add +16.0%
META Meta Platforms Inc. Class A 0.25% 2,431 $1.4M Add +2.4%
ITA iShares U.S. Aerospace & Def 0.25% 9,270 $1.4M New
BRK.A Berkshire Hathaway Inc. Class A 0.25% 2 $1.4M No change
HD Home Depot Inc. 0.25% 3,404 $1.4M Reduce -1.4%
ABBV Abbvie Inc. 0.24% 6,555 $1.3M Add +24.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.24% 2,251 $1.3M Add +0.7%
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.22% 29,965 $1.2M Add +1.6%
GILD Gilead Sciences Inc. 0.22% 14,358 $1.2M Reduce -1.4%
AGI Alamos Gold Inc. Class A 0.22% 60,184 $1.2M New
PG The Procter & Gamble Co. 0.22% 6,888 $1.2M Reduce -2.4%
LOW Lowe's Cos Inc. 0.21% 4,305 $1.2M Add +176.8%
CL Colgate-Palmolive Co. 0.20% 10,606 $1.1M Reduce -1.9%
C Citigroup Inc. 0.19% 16,907 $1.1M Reduce -7.6%
XLK SS Technology Select Sector 0.19% 4,610 $1.0M Add +3.3%
BMY Bristol-Myers Squibb Co. 0.18% 19,340 $1.0M Add +46.2%
NFLX Netflix Inc. 0.18% 1,383 $981K Add +0.1%
PBA Pembina Pipeline Corp. 0.18% 23,651 $975K Add +0.0%
CP Canadian Pacific Kansas City 0.17% 10,728 $917K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.16% 21,641 $859K Reduce -36.1%
MRK Merck & Co. Inc. 0.16% 7,545 $857K Reduce -5.4%
PYPL PayPal Holdings Inc. 0.15% 10,585 $826K Add +12.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.14% 6,465 $760K No change
BIP Brookfield Infrastructure Pa 0.14% 25,780 $751K Reduce -30.6%
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS 0.12% 85,350 $647K Reduce -13.2%
SWK Stanley Black & Decker Inc. 0.12% 5,800 $639K Reduce -25.6%
VOD Vodafone Group PLC-SP ADR 0.11% 61,131 $613K Add +24.9%
SBUX Starbucks Corp. 0.11% 6,215 $606K Add +39.5%
GS Goldman Sachs Group Inc. 0.11% 1,197 $593K No change
BEP Brookfield Renewable Partner 0.11% 27,098 $585K No change
MA Mastercard Inc. Class A 0.10% 1,145 $566K Reduce -42.1%
T AT&T Inc. 0.10% 25,171 $554K No change
MDT Medtronic PLC 0.10% 6,072 $547K Add +3.0%
CVX Chevron Corp. 0.10% 3,680 $542K No change
EWC iShares MSCI Canada ETF 0.10% 12,991 $539K Reduce -1.1%
FTS Fortis Inc. 0.09% 11,331 $515K Reduce -2.6%
WBA Walgreens Boots Alliance Inc. 0.09% 57,153 $512K Reduce -7.6%
BA The Boeing Co. 0.09% 3,350 $509K Add +17.8%
BTG B2GOLD Corp. 0.09% 164,050 $507K No change
ASA ASA Gold and Precious Metals 0.09% 24,025 $499K No change
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.09% 4,876 $486K Reduce -47.9%
EQX Equinox Gold Corp. 0.09% 79,400 $484K No change
INTC Intel Corp. 0.09% 20,635 $484K Add +105.3%
TFII Tfi International Inc. 0.09% 3,521 $482K No change
B Barrick Gold Corp. 0.09% 24,125 $480K Reduce -8.7%
KGC Kinross Gold Corp. 0.09% 50,950 $468K Reduce -6.8%
MAG Mag Silver Corp. 0.08% 32,525 $458K Reduce -7.4%
IWM iShares Russell 2000 ETF 0.08% 2,065 $456K Add +8.7%
IAG Iamgold Corp. 0.08% 86,300 $452K Reduce -18.7%
NTR Nutrien Ltd. 0.08% 9,351 $449K No change
CAE Cae Inc. 0.08% 23,751 $446K Reduce -49.7%
ABT Abbott Laboratories 0.08% 3,908 $446K Reduce -4.9%
TECK Teck Resources Ltd.-CLS B 0.08% 7,900 $413K No change
BAM Brookfield Asset Mgmt-A 0.07% 8,702 $411K Reduce -4.8%
PAAS Pan American Silver Corp. 0.07% 20,001 $408K Reduce -6.8%
QQQ Invesco QQQ Trust Series 1 0.07% 800 $390K No change
PK Park Hotels & Resorts Inc. 0.07% 27,225 $384K No change
CRM Salesforce Inc. 0.07% 1,400 $383K No change
WPM Wheaton Precious Metals Corp. 0.07% 6,075 $365K No change
UBER Uber Technologies Inc. 0.07% 4,820 $362K Add +1.1%
CARR Carrier Global Corp. 0.06% 4,390 $353K New
CMI Cummins Inc. 0.06% 1,072 $347K Add +2.1%
NVS Novartis AG-Sponsored ADR 0.06% 2,845 $327K No change
WFC Wells Fargo & Co. 0.06% 5,790 $327K Reduce -93.5%
MELI MercadoLibre Inc. 0.06% 155 $318K No change
FIVN FIVE9 Inc. 0.06% 11,000 $316K New
DEO Diageo PLC-Sponsored ADR 0.05% 2,140 $300K Reduce -0.9%
FSM Fortuna Mining Corp. 0.05% 62,500 $291K No change
GIL Gildan Activewear Inc. 0.05% 6,090 $287K No change
TAP Molson Coors Beverage Co. Class B 0.05% 4,900 $282K No change
XOP SS SPDR S&P Og Exp & Prod 0.05% 2,050 $270K No change
QSR Restaurant Brands Intern 0.05% 4,102 $260K No change
GLD SPDR Gold Shares 0.05% 1,050 $255K No change
STLD Steel Dynamics Inc. 0.05% 2,000 $252K New
BEPC Brookfield Renewable Cor-A 0.05% 8,338 $250K No change
MGNI Magnite Inc. 0.05% 18,000 $249K Add +29.5%
VNQ Vanguard Real Estate ETF 0.04% 2,500 $244K No change
IYJ iShares U.S. Industrials ETF 0.04% 1,800 $241K No change
APD Air Products & Chemicals Inc. 0.04% 800 $238K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.04% 560 $237K Add +4.7%
BUD Anheuser-Busch Inbev-SPN ADR 0.04% 3,500 $232K No change
SILV Silvercrest Metals Inc. 0.04% 25,000 $232K New
ABNB Airbnb Inc. Class A 0.04% 1,810 $230K Reduce -58.5%
IXN iShares Global Tech ETF 0.04% 2,600 $215K No change
ETSY Etsy Inc. 0.04% 3,850 $214K New
DAL Delta Air Lines Inc. 0.04% 4,200 $213K New
ASML ASML Holding NV-NY Reg SHS 0.04% 255 $212K New
FEZ State Street SPDR Euro Stoxx 0.04% 3,975 $212K Reduce -7.9%
KHC The Kraft Heinz Co. 0.04% 5,959 $209K New
IYM iShares U.S. Basic Materials 0.04% 1,365 $206K New
BP BP PLC-Spons ADR 0.04% 6,475 $203K No change
TIXT Telus International Cda Inc. 0.03% 47,785 $187K Reduce -47.1%
MQ Marqeta Inc. 0.03% 31,969 $157K No change
SLSR Solaris Resources Inc. 0.03% 58,000 $150K No change
VIV Telefonica Brasil-ADR 0.02% 12,500 $128K No change
VMD Viemed Healthcare Inc. 0.02% 16,480 $121K Add +6.5%
WBD Warner Bros Discovery Inc. 0.02% 10,299 $85K No change
VRN Veren Inc. 0.01% 12,800 $79K New
TELFY Telefonica SA-Spon ADR 0.01% 10,954 $53K No change
AQMS Aqua Metals Inc. 0.00% 53,400 $10K No change
NVEI Nuvei Corp.-Subordinate VTG 0.00% 548,400 $8K No change
BTE Baytex Energy Corp. 0.00% 25,700 $2K Reduce -81.3%
NGD New Gold Inc. 0.00% 205,600 $2K New

Portfolio Sells Q2 2024 → Q3 2024
RY Royal Bank of Canada Reduce -37.9% 3.01% −1.39
WFC Wells Fargo & Co. Reduce -93.5% 0.06% −0.96
MSFT Microsoft Corp. Reduce -28.9% 1.20% −0.65
NVDA Nvidia Corp. Sold out 0.00% −0.43
SU Suncor Energy Inc. Reduce -0.0% 2.50% −0.23
CNQ Canadian Natural Resources Reduce -0.4% 1.37% −0.19
UNH Unitedhealth Group Inc. Reduce -37.6% 0.38% −0.18
CNI Canadian Natl Railway Co. Reduce -2.0% 1.95% −0.18
XOM Exxon Mobil Corp. Sold out 0.00% −0.11
BAC Bank of America Corp. Reduce -36.1% 0.16% −0.10
EL Estee Lauder Companies Class A Reduce -47.9% 0.09% −0.10
CAE Cae Inc. Reduce -49.7% 0.08% −0.09
ABNB Airbnb Inc. Class A Reduce -58.5% 0.04% −0.09
TIXT Telus International Cda Inc. Reduce -47.1% 0.03% −0.07
MA Mastercard Inc. Class A Reduce -42.1% 0.10% −0.07
PANW Palo Alto Networks Inc. Sold out 0.00% −0.06
BRK.B Berkshire Hathaway Inc. Class B Reduce -13.0% 0.79% −0.06
FSLR First Solar Inc. Sold out 0.00% −0.06
BTE Baytex Energy Corp. Reduce -81.3% 0.00% −0.06
ACN Accenture PLC Class A Reduce -17.8% 0.51% −0.05
GM General Motors Co. Sold out 0.00% −0.05
LLY Eli Lilly & Co. Sold out 0.00% −0.05
WBA Walgreens Boots Alliance Inc. Reduce -7.6% 0.09% −0.05
TRI Thomson Reuters Corp. Sold out 0.00% −0.04
KO The Coca-Cola Co. Sold out 0.00% −0.04
BNY Bank of New York Mellon Corp. Sold out 0.00% −0.04
TSLA Tesla Inc. Sold out 0.00% −0.04
BIP Brookfield Infrastructure Pa Reduce -30.6% 0.14% −0.04
MRK Merck & Co. Inc. Reduce -5.4% 0.16% −0.03
C Citigroup Inc. Reduce -7.6% 0.19% −0.03
MTD Mettler-Toledo International Reduce -4.9% 0.56% −0.02
V Visa Inc. Class A Reduce -0.8% 0.96% −0.02
GFL GFL Environmental Inc.-Sub VT Sold out 0.00% −0.01
TU Telus Corp. Reduce -6.2% 0.54% −0.01
PG The Procter & Gamble Co. Reduce -2.4% 0.22% −0.01
PAAS Pan American Silver Corp. Reduce -6.8% 0.07% −0.01
SWK Stanley Black & Decker Inc. Reduce -25.6% 0.12% −0.00
FEZ State Street SPDR Euro Stoxx Reduce -7.9% 0.04% −0.00
CL Colgate-Palmolive Co. Reduce -1.9% 0.20% −0.00
ABT Abbott Laboratories Reduce -4.9% 0.08% −0.00
KGC Kinross Gold Corp. Reduce -6.8% 0.09% −0.00
VZ Verizon Communications Inc. Reduce -2.9% 0.33% −0.00
ZTS Zoetis Inc. Reduce -6.0% 0.49% +0.00
GLW Corning Inc. Reduce -8.7% 0.26% +0.00
ERIC Ericsson (lm) Tel-SP ADR Reduce -13.2% 0.12% +0.00
DEO Diageo PLC-Sponsored ADR Reduce -0.9% 0.05% +0.00
B Barrick Gold Corp. Reduce -8.7% 0.09% +0.00
EWC iShares MSCI Canada ETF Reduce -1.1% 0.10% +0.00
MAG Mag Silver Corp. Reduce -7.4% 0.08% +0.00
IAG Iamgold Corp. Reduce -18.7% 0.08% +0.01

Portfolio Buys Q2 2024 → Q3 2024
IBM Intl Business Machines Corp. Add +19.6% 1.89% +0.58
KVUE Kenvue Inc. Add +8.0% 1.47% +0.34
NEM Newmont Corp. Add +3.5% 1.23% +0.26
ITA iShares U.S. Aerospace & Def New 0.25% +0.25
BNS Bank of Nova Scotia Add +0.0% 2.11% +0.24
AGI Alamos Gold Inc. Class A New 0.22% +0.22
LOW Lowe's Cos Inc. Add +176.8% 0.21% +0.15
BMO Bank of Montreal Add +3.6% 2.99% +0.14
CSCO Cisco Systems Inc. Add +0.8% 2.21% +0.14
OTEX Open Text Corp. Add +4.0% 1.51% +0.12
AEM Agnico Eagle Mines Ltd. Add +5.5% 1.22% +0.11
CVS CVS Health Corp. Add +6.6% 1.55% +0.10
MCD McDonald's Corp. Add +1.3% 0.73% +0.09
BMY Bristol-Myers Squibb Co. Add +46.2% 0.18% +0.08
NKE Nike Inc. Class B Add +5.5% 0.53% +0.08
RCI Rogers Communications Inc. Class B Add +1.6% 1.78% +0.07
CARR Carrier Global Corp. New 0.06% +0.06
AMZN Amazon.com Inc. Add +22.5% 0.61% +0.06
ABBV Abbvie Inc. Add +24.7% 0.24% +0.06
FIVN FIVE9 Inc. New 0.06% +0.06
CMCSA Comcast Corp. Class A Add +3.0% 1.53% +0.06
BCE Bce Inc. Add +1.0% 2.38% +0.06
STLD Steel Dynamics Inc. New 0.05% +0.05
PYPL PayPal Holdings Inc. Add +12.3% 0.15% +0.04
SBUX Starbucks Corp. Add +39.5% 0.11% +0.04
SILV Silvercrest Metals Inc. New 0.04% +0.04
ETSY Etsy Inc. New 0.04% +0.04
DAL Delta Air Lines Inc. New 0.04% +0.04
ASML ASML Holding NV-NY Reg SHS New 0.04% +0.04
KHC The Kraft Heinz Co. New 0.04% +0.04
IYM iShares U.S. Basic Materials New 0.04% +0.04
PFE Pfizer Inc. Add +4.5% 1.55% +0.03
VTRS Viatris Inc. Add +1.3% 0.71% +0.03
INTC Intel Corp. Add +105.3% 0.09% +0.03
VOD Vodafone Group PLC-SP ADR Add +24.9% 0.11% +0.03
META Meta Platforms Inc. Class A Add +2.4% 0.25% +0.02
VRN Veren Inc. New 0.01% +0.01
MDT Medtronic PLC Add +3.0% 0.10% +0.01
MGNI Magnite Inc. Add +29.5% 0.05% +0.01
IWM iShares Russell 2000 ETF Add +8.7% 0.08% +0.01
PBA Pembina Pipeline Corp. Add +0.0% 0.18% +0.01
CMI Cummins Inc. Add +2.1% 0.06% +0.01
YETI Yeti Holdings Inc. Add +1.6% 0.22% +0.01
COST Costco Wholesale Corp. Add +2.1% 1.18% +0.01
DIA SS SPDR Dow Jones Indus Avg Add +4.7% 0.04% +0.00
VMD Viemed Healthcare Inc. Add +6.5% 0.02% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +0.7% 0.24% +0.00
NGD New Gold Inc. New 0.00% +0.00
UBER Uber Technologies Inc. Add +1.1% 0.07% −0.00
NFLX Netflix Inc. Add +0.1% 0.18% −0.00

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