Lorne Steinberg Wealth Management Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 3, 2024), Lorne Steinberg Wealth Management Inc. reported 69 stock positions worth $320.3 million. Its top holding was Microsoft (MSFT) at 3.7% of the portfolio, followed by Royal Bank of Canada (RY, 3.3%) and Meta Platforms Class A (META, 3.2%). Compared with Q4 2023, it opened 2 new positions, sold out of 6, added to 40 and reduced 21. The biggest buy was a new position in Starbucks (SBUX) and the biggest sale an exit from Telus.
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, QUEBEC, Z4
- CIK
- 0001851362
- Portfolio Value
- $320.3M (Q1 2024)
- SEC Filing
- 0001851362-24-000002 ↗ filed May 3, 2024
Holdings Value
Holdings 69 stocks · $320.3M
| MSFT Microsoft Corp. | 3.72% | 28,299 | $11.9M | Reduce -0.1% |
| RY Royal Bank of Canada | 3.34% | 106,168 | $10.7M | Reduce -0.3% |
| META Meta Platforms Inc. Class A | 3.18% | 20,997 | $10.2M | Reduce -1.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.07% | 23,364 | $9.8M | Add +0.0% |
| GOOGL Alphabet Inc. Class A | 2.88% | 61,097 | $9.2M | Reduce -0.6% |
| The Allstate Corporation filed as Allstate Corporation | 2.84% | 52,480 | $9.1M | Reduce -0.3% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO | 2.58% | 163,228 | $8.3M | Add +0.7% |
| TD Toronto-Dominion Bank | 2.54% | 134,574 | $8.1M | Add +2.4% |
| V Visa Inc. Class A | 2.45% | 28,078 | $7.8M | Reduce -1.1% |
| JPM JPMorgan Chase & Co. | 2.44% | 39,031 | $7.8M | Add +0.2% |
| CVS CVS Health Corp. | 2.43% | 97,742 | $7.8M | Add +0.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.43% | 63,703 | $7.8M | Add +0.0% |
| ING ING Groep N.V.-Sponsored ADR | 2.42% | 470,054 | $7.8M | Add +0.2% |
| AXP American Express Co. | 2.38% | 33,522 | $7.6M | Add +0.2% |
| VTRS Viatris Inc. | 2.37% | 636,561 | $7.6M | Add +0.4% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 2.34% | 144,781 | $7.5M | Add +7.0% |
| GS Goldman Sachs Group Inc. | 2.22% | 16,991 | $7.1M | Add +0.1% |
| TRP TC Energy Corp. | 2.20% | 175,448 | $7.1M | Add +6.2% |
| CP Canadian Pacific Kansas City | 2.19% | 79,533 | $7.0M | Add +1.8% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 2.12% | 69,514 | $6.8M | Add +0.4% |
| AMZN Amazon.com Inc. | 2.09% | 37,105 | $6.7M | Reduce -3.8% |
| CTVA Corteva Inc. | 2.01% | 111,715 | $6.4M | Add +0.2% |
| TSM Taiwan Semiconductor-SP ADR | 1.99% | 46,802 | $6.4M | Reduce -0.1% |
| CNI Canadian Natl Railway Co. | 1.96% | 47,623 | $6.3M | Reduce -0.4% |
| SLF Sun Life Financial Inc. | 1.96% | 114,852 | $6.3M | Add +7.5% |
| EA Electronic Arts Inc. | 1.81% | 43,750 | $5.8M | Add +0.3% |
| BN Brookfield Corp. | 1.80% | 137,683 | $5.8M | Add +1.4% |
| CSCO Cisco Systems Inc. | 1.76% | 112,882 | $5.6M | Reduce -0.4% |
| DEO Diageo PLC-Sponsored ADR | 1.73% | 37,280 | $5.5M | Add +0.8% |
| MS Morgan Stanley | 1.55% | 52,873 | $5.0M | Add +0.3% |
| MFC Manulife Financial Corp. | 1.54% | 196,795 | $4.9M | Reduce -2.1% |
| TSCO Tractor Supply Company | 1.48% | 18,115 | $4.7M | Reduce -0.2% |
| OTEX Open Text Corp. | 1.45% | 119,990 | $4.7M | Add +1.9% |
| ADBE Adobe Inc. | 1.43% | 9,067 | $4.6M | Reduce -0.0% |
| NTR Nutrien Ltd. | 1.38% | 81,032 | $4.4M | Add +12.8% |
| RACE Ferrari NV | 1.30% | 9,552 | $4.2M | Add +0.3% |
| SBUX Starbucks Corp. | 1.30% | 45,520 | $4.2M | New |
| UL Unilever PLC | 1.28% | 81,970 | $4.1M | Add +0.5% |
| TU Telus Corp. | 1.27% | 253,838 | $4.1M | New |
| KHC The Kraft Heinz Co. | 1.26% | 109,600 | $4.0M | Add +0.3% |
| BDX Becton Dickinson and Co. | 1.26% | 16,245 | $4.0M | Add +0.4% |
| MGA Magna International Inc. | 1.25% | 73,662 | $4.0M | Add +3.2% |
| MIDD Middleby Corp. | 1.24% | 24,655 | $4.0M | Add +0.3% |
| JNJ Johnson & Johnson | 1.23% | 24,909 | $3.9M | Add +41.3% |
| SNN Smith & Nephew PLC -Spon ADR | 1.19% | 150,395 | $3.8M | Add +0.1% |
| BCE Bce Inc. | 1.08% | 102,145 | $3.5M | Add +1.3% |
| RCI Rogers Communications Inc. Class B | 1.07% | 83,856 | $3.4M | Add +3.1% |
| AAPL Apple Inc. | 0.95% | 17,748 | $3.0M | Reduce -19.1% |
| STT State Street Corp. | 0.95% | 39,265 | $3.0M | Add +0.3% |
| SMG Scotts Miracle-Gro Co. | 0.83% | 35,570 | $2.7M | Add +0.1% |
| KVUE Kenvue Inc. | 0.65% | 97,315 | $2.1M | Add +0.7% |
| WBD Warner Bros Discovery Inc. | 0.62% | 227,427 | $2.0M | Add +2.2% |
| NKE Nike Inc. Class B | 0.58% | 19,883 | $1.9M | Reduce -0.2% |
| CVE Cenovus Energy Inc. | 0.37% | 58,714 | $1.2M | Reduce -1.2% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.31% | 18,643 | $980K | Reduce -10.3% |
| CRESCENT PT ENERGY CORP | 0.25% | 97,900 | $801K | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.20% | 1 | $634K | No change |
| GOOG Alphabet Inc. Class C | 0.19% | 4,064 | $619K | Reduce -1.9% |
| JNK SS SPDR BB High Yield Bond | 0.18% | 6,220 | $592K | No change |
| PG The Procter & Gamble Co. | 0.16% | 3,208 | $520K | Add +1.1% |
| URTH iShares MSCI World ETF | 0.14% | 3,132 | $454K | Add +3.7% |
| MCD McDonald's Corp. | 0.11% | 1,280 | $361K | Reduce -27.1% |
| CNQ Canadian Natural Resources | 0.11% | 4,565 | $348K | Reduce -4.1% |
| MRK Merck & Co. Inc. | 0.11% | 2,623 | $346K | No change |
| NVDA Nvidia Corp. | 0.11% | 379 | $342K | Reduce -13.7% |
| LLY Eli Lilly & Co. | 0.10% | 431 | $335K | Add +3.9% |
| HUM Humana Inc. | 0.09% | 800 | $277K | No change |
| COST Costco Wholesale Corp. | 0.08% | 356 | $261K | Add +6.0% |
| BTE Baytex Energy Corp. | 0.08% | 70,000 | $253K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| Telus Corp. | Sold out | 0.00% | −1.50 |
| PHG Koninklijke Philips NVR- NY | Sold out | 0.00% | −0.85 |
| AAPL Apple Inc. | Reduce -19.1% | 0.95% | −0.47 |
| ADBE Adobe Inc. | Reduce -0.0% | 1.43% | −0.39 |
| RY Royal Bank of Canada | Reduce -0.3% | 3.34% | −0.27 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -10.3% | 0.31% | −0.23 |
| CSCO Cisco Systems Inc. | Reduce -0.4% | 1.76% | −0.16 |
| NKE Nike Inc. Class B | Reduce -0.2% | 0.58% | −0.14 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.08 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.08 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.07 |
| MCD McDonald's Corp. | Reduce -27.1% | 0.11% | −0.06 |
| CNI Canadian Natl Railway Co. | Reduce -0.4% | 1.96% | −0.06 |
| ENB Enbridge Inc. | Sold out | 0.00% | −0.06 |
| V Visa Inc. Class A | Reduce -1.1% | 2.45% | −0.04 |
| GOOGL Alphabet Inc. Class A | Reduce -0.6% | 2.88% | −0.00 |
| GOOG Alphabet Inc. Class C | Reduce -1.9% | 0.19% | −0.00 |
| CNQ Canadian Natural Resources | Reduce -4.1% | 0.11% | +0.00 |
| NVDA Nvidia Corp. | Reduce -13.7% | 0.11% | +0.03 |
| CVE Cenovus Energy Inc. | Reduce -1.2% | 0.37% | +0.03 |
| MFC Manulife Financial Corp. | Reduce -2.1% | 1.54% | +0.04 |
| AMZN Amazon.com Inc. | Reduce -3.8% | 2.09% | +0.12 |
| MSFT Microsoft Corp. | Reduce -0.1% | 3.72% | +0.14 |
| TSCO Tractor Supply Company | Reduce -0.2% | 1.48% | +0.17 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -0.1% | 1.99% | +0.35 |
| The Allstate Corporation | Reduce -0.3% | 2.84% | +0.36 |
| META Meta Platforms Inc. Class A | Reduce -1.1% | 3.18% | +0.66 |
Portfolio Buys Q4 2023 → Q1 2024
| SBUX Starbucks Corp. | New | 1.30% | +1.30 |
| TU Telus Corp. | New | 1.27% | +1.27 |
| DIS The Walt Disney Co. | Add +0.0% | 2.43% | +0.50 |
| JNJ Johnson & Johnson | Add +41.3% | 1.23% | +0.30 |
| AXP American Express Co. | Add +0.2% | 2.38% | +0.28 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.0% | 3.07% | +0.27 |
| RACE Ferrari NV | Add +0.3% | 1.30% | +0.22 |
| CTVA Corteva Inc. | Add +0.2% | 2.01% | +0.22 |
| JPM JPMorgan Chase & Co. | Add +0.2% | 2.44% | +0.22 |
| BNS Bank of Nova Scotia | Add +7.0% | 2.34% | +0.13 |
| CP Canadian Pacific Kansas City | Add +1.8% | 2.19% | +0.11 |
| SLF Sun Life Financial Inc. | Add +7.5% | 1.96% | +0.09 |
| SMG Scotts Miracle-Gro Co. | Add +0.1% | 0.83% | +0.07 |
| VTRS Viatris Inc. | Add +0.4% | 2.37% | +0.07 |
| ING ING Groep N.V.-Sponsored ADR | Add +0.2% | 2.42% | +0.05 |
| TRP TC Energy Corp. | Add +6.2% | 2.20% | +0.03 |
| LLY Eli Lilly & Co. | Add +3.9% | 0.10% | +0.02 |
| MIDD Middleby Corp. | Add +0.3% | 1.24% | +0.02 |
| NTR Nutrien Ltd. | Add +12.8% | 1.38% | +0.02 |
| GS Goldman Sachs Group Inc. | Add +0.1% | 2.22% | +0.01 |
| COST Costco Wholesale Corp. | Add +6.0% | 0.08% | +0.01 |
| URTH iShares MSCI World ETF | Add +3.7% | 0.14% | +0.01 |
| PG The Procter & Gamble Co. | Add +1.1% | 0.16% | +0.01 |
| BN Brookfield Corp. | Add +1.4% | 1.80% | −0.03 |
| CM Can Imperial BK of Commerce | Add +0.7% | 2.58% | −0.04 |
| UL Unilever PLC | Add +0.5% | 1.28% | −0.04 |
| KVUE Kenvue Inc. | Add +0.7% | 0.65% | −0.05 |
| BDX Becton Dickinson and Co. | Add +0.4% | 1.26% | −0.07 |
| STT State Street Corp. | Add +0.3% | 0.95% | −0.07 |
| DEO Diageo PLC-Sponsored ADR | Add +0.8% | 1.73% | −0.08 |
| KHC The Kraft Heinz Co. | Add +0.3% | 1.26% | −0.09 |
| MS Morgan Stanley | Add +0.3% | 1.55% | −0.10 |
| CVS CVS Health Corp. | Add +0.3% | 2.43% | −0.15 |
| MGA Magna International Inc. | Add +3.2% | 1.25% | −0.16 |
| BMO Bank of Montreal | Add +0.4% | 2.12% | −0.18 |
| SNN Smith & Nephew PLC -Spon ADR | Add +0.1% | 1.19% | −0.19 |
| EA Electronic Arts Inc. | Add +0.3% | 1.81% | −0.19 |
| RCI Rogers Communications Inc. Class B | Add +3.1% | 1.07% | −0.21 |
| OTEX Open Text Corp. | Add +1.9% | 1.45% | −0.21 |
| WBD Warner Bros Discovery Inc. | Add +2.2% | 0.62% | −0.23 |
| BCE Bce Inc. | Add +1.3% | 1.08% | −0.25 |
| TD Toronto-Dominion Bank | Add +2.4% | 2.54% | −0.32 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 72 | $486.6M | RY, GOOGL, TD, BMO, CM |
| Q1 2026 | 68 | $422.1M | RY, GOOGL, TD, CM, BMO |
| Q4 2025 | 72 | $434.9M | RY, GOOGL, CM, TD, MSFT |
| Q3 2025 | 70 | $415.0M | RY, GOOGL, CM, MSFT, BMO |
| Q2 2025 | 70 | $382.9M | RY, MSFT, CM, BRK.B, JPM |
| Q1 2025 | 70 | $343.1M | RY, BRK.B, META, ALL, MSFT |
| Q4 2024 | 70 | $344.9M | RY, META, MSFT, GOOGL, BRK.B |
| Q3 2024 | 69 | $345.9M | RY, MSFT, META, BRK.B, GOOGL |
| Q2 2024 | 68 | $310.7M | MSFT, GOOGL, RY, META, BRK.B |
| Q1 2024 | 69 | $320.3M | MSFT, RY, META, BRK.B, GOOGL |