Lorne Steinberg Wealth Management Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 18, 2024), Lorne Steinberg Wealth Management Inc. reported 68 stock positions worth $310.7 million. Its top holding was Microsoft (MSFT) at 4.1% of the portfolio, followed by Alphabet Class A (GOOGL, 3.6%) and Royal Bank of Canada (RY, 3.6%). Compared with Q1 2024, it opened 1 new position, sold out of 2, added to 31 and reduced 31. The biggest buy was a new position in Allstate (ALL) and the biggest sale an exit from Allstate.
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, QUEBEC, Z4
- CIK
- 0001851362
- Portfolio Value
- $310.7M (Q2 2024)
- SEC Filing
- 0001851362-24-000003 ↗ filed Jul 18, 2024
Holdings Value
Holdings 68 stocks · $310.7M
| MSFT Microsoft Corp. | 4.07% | 28,272 | $12.6M | Reduce -0.1% |
| GOOGL Alphabet Inc. Class A | 3.60% | 61,438 | $11.2M | Add +0.6% |
| RY Royal Bank of Canada | 3.57% | 104,216 | $11.1M | Reduce -1.8% |
| META Meta Platforms Inc. Class A | 3.40% | 20,944 | $10.6M | Reduce -0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.04% | 23,179 | $9.4M | Reduce -0.8% |
| ALL Allstate Corp. | 2.71% | 52,640 | $8.4M | New |
| TSM Taiwan Semiconductor-SP ADR | 2.62% | 46,872 | $8.1M | Add +0.1% |
| JPM JPMorgan Chase & Co. | 2.54% | 39,041 | $7.9M | Add +0.0% |
| AXP American Express Co. | 2.49% | 33,436 | $7.7M | Reduce -0.3% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO | 2.46% | 160,841 | $7.6M | Reduce -1.5% |
| GS Goldman Sachs Group Inc. | 2.45% | 16,836 | $7.6M | Reduce -0.9% |
| V Visa Inc. Class A | 2.39% | 28,326 | $7.4M | Add +0.9% |
| TD Toronto-Dominion Bank | 2.35% | 132,665 | $7.3M | Reduce -1.4% |
| AMZN Amazon.com Inc. | 2.30% | 37,036 | $7.2M | Reduce -0.2% |
| VTRS Viatris Inc. | 2.20% | 642,411 | $6.8M | Add +0.9% |
| TRP TC Energy Corp. | 2.15% | 176,145 | $6.7M | Add +0.4% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 2.14% | 145,160 | $6.6M | Add +0.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.05% | 64,148 | $6.4M | Add +0.7% |
| DEO Diageo PLC-Sponsored ADR | 2.05% | 50,405 | $6.4M | Add +35.2% |
| CP Canadian Pacific Kansas City | 2.00% | 78,844 | $6.2M | Reduce -0.9% |
| EA Electronic Arts Inc. | 1.96% | 43,770 | $6.1M | Add +0.1% |
| CTVA Corteva Inc. | 1.94% | 111,665 | $6.0M | Reduce -0.0% |
| CNI Canadian Natl Railway Co. | 1.88% | 49,523 | $5.8M | Add +4.0% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 1.88% | 69,494 | $5.8M | Reduce -0.0% |
| CVS CVS Health Corp. | 1.88% | 98,677 | $5.8M | Add +1.0% |
| BN Brookfield Corp. | 1.85% | 138,393 | $5.8M | Add +0.5% |
| BDX Becton Dickinson and Co. | 1.85% | 24,535 | $5.7M | Add +51.0% |
| SNN Smith & Nephew PLC -Spon ADR | 1.84% | 231,045 | $5.7M | Add +53.6% |
| SLF Sun Life Financial Inc. | 1.78% | 112,836 | $5.5M | Reduce -1.8% |
| CSCO Cisco Systems Inc. | 1.74% | 113,607 | $5.4M | Add +0.6% |
| MFC Manulife Financial Corp. | 1.66% | 194,180 | $5.2M | Reduce -1.3% |
| MS Morgan Stanley | 1.65% | 52,663 | $5.1M | Reduce -0.4% |
| ADBE Adobe Inc. | 1.63% | 9,122 | $5.1M | Add +0.6% |
| TSCO Tractor Supply Company | 1.55% | 17,850 | $4.8M | Reduce -1.5% |
| JNJ Johnson & Johnson | 1.49% | 31,758 | $4.6M | Add +27.5% |
| UL Unilever PLC | 1.46% | 82,370 | $4.5M | Add +0.5% |
| NTR Nutrien Ltd. | 1.34% | 81,662 | $4.2M | Add +0.8% |
| RACE Ferrari NV | 1.26% | 9,552 | $3.9M | No change |
| TU Telus Corp. | 1.22% | 250,081 | $3.8M | Reduce -1.5% |
| SBUX Starbucks Corp. | 1.16% | 46,155 | $3.6M | Add +1.4% |
| OTEX Open Text Corp. | 1.15% | 119,465 | $3.6M | Reduce -0.4% |
| KHC The Kraft Heinz Co. | 1.14% | 109,650 | $3.5M | Add +0.1% |
| RCI Rogers Communications Inc. Class B | 1.08% | 90,959 | $3.4M | Add +8.5% |
| AAPL Apple Inc. | 1.07% | 15,720 | $3.3M | Reduce -11.4% |
| BCE Bce Inc. | 1.06% | 102,048 | $3.3M | Reduce -0.1% |
| MGA Magna International Inc. | 0.98% | 72,734 | $3.0M | Reduce -1.3% |
| MIDD Middleby Corp. | 0.97% | 24,520 | $3.0M | Reduce -0.6% |
| STT State Street Corp. | 0.94% | 39,670 | $2.9M | Add +1.0% |
| KVUE Kenvue Inc. | 0.91% | 154,690 | $2.8M | Add +59.0% |
| NKE Nike Inc. Class B | 0.87% | 35,840 | $2.7M | Add +80.3% |
| SMG Scotts Miracle-Gro Co. | 0.75% | 35,645 | $2.3M | Add +0.2% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.66% | 26,553 | $2.0M | Add +42.4% |
| WBD Warner Bros Discovery Inc. | 0.55% | 230,127 | $1.7M | Add +1.2% |
| JNK SS SPDR BB High Yield Bond | 0.38% | 12,630 | $1.2M | Add +103.0% |
| GOOG Alphabet Inc. Class C | 0.22% | 3,809 | $699K | Reduce -6.3% |
| CVE Cenovus Energy Inc. | 0.22% | 34,513 | $678K | Reduce -41.2% |
| VRN Veren Inc. | 0.20% | 79,175 | $624K | Reduce -19.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.20% | 1 | $612K | No change |
| URTH iShares MSCI World ETF | 0.16% | 3,315 | $489K | Add +5.8% |
| NVDA Nvidia Corp. | 0.14% | 3,540 | $437K | Reduce -6.6% |
| PG The Procter & Gamble Co. | 0.13% | 2,522 | $416K | Reduce -21.4% |
| MRK Merck & Co. Inc. | 0.10% | 2,623 | $325K | No change |
| LLY Eli Lilly & Co. | 0.10% | 331 | $300K | Reduce -23.2% |
| HUM Humana Inc. | 0.10% | 800 | $299K | No change |
| COST Costco Wholesale Corp. | 0.10% | 351 | $298K | Reduce -1.4% |
| MCD McDonald's Corp. | 0.09% | 1,088 | $277K | Reduce -15.0% |
| CNQ Canadian Natural Resources | 0.08% | 7,374 | $263K | Reduce -19.2% |
| BTE Baytex Energy Corp. | 0.08% | 70,000 | $242K | No change |
Portfolio Sells Q1 2024 → Q2 2024
| The Allstate Corporation | Sold out | 0.00% | −2.84 |
| ING ING Groep N.V.-Sponsored ADR | Sold out | 0.00% | −2.42 |
| OTEX Open Text Corp. | Reduce -0.4% | 1.15% | −0.30 |
| MGA Magna International Inc. | Reduce -1.3% | 0.98% | −0.27 |
| MIDD Middleby Corp. | Reduce -0.6% | 0.97% | −0.27 |
| BMO Bank of Montreal | Reduce -0.0% | 1.88% | −0.24 |
| CP Canadian Pacific Kansas City | Reduce -0.9% | 2.00% | −0.19 |
| TD Toronto-Dominion Bank | Reduce -1.4% | 2.35% | −0.19 |
| SLF Sun Life Financial Inc. | Reduce -1.8% | 1.78% | −0.18 |
| CVE Cenovus Energy Inc. | Reduce -41.2% | 0.22% | −0.15 |
| CM Can Imperial BK of Commerce | Reduce -1.5% | 2.46% | −0.12 |
| CTVA Corteva Inc. | Reduce -0.0% | 1.94% | −0.07 |
| TU Telus Corp. | Reduce -1.5% | 1.22% | −0.05 |
| VRN Veren Inc. | Reduce -19.1% | 0.20% | −0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.8% | 3.04% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -21.4% | 0.13% | −0.03 |
| CNQ Canadian Natural Resources | Reduce -19.2% | 0.08% | −0.02 |
| MCD McDonald's Corp. | Reduce -15.0% | 0.09% | −0.02 |
| BCE Bce Inc. | Reduce -0.1% | 1.06% | −0.02 |
| LLY Eli Lilly & Co. | Reduce -23.2% | 0.10% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -1.4% | 0.10% | +0.01 |
| GOOG Alphabet Inc. Class C | Reduce -6.3% | 0.22% | +0.03 |
| NVDA Nvidia Corp. | Reduce -6.6% | 0.14% | +0.03 |
| TSCO Tractor Supply Company | Reduce -1.5% | 1.55% | +0.07 |
| MS Morgan Stanley | Reduce -0.4% | 1.65% | +0.09 |
| AXP American Express Co. | Reduce -0.3% | 2.49% | +0.11 |
| AAPL Apple Inc. | Reduce -11.4% | 1.07% | +0.12 |
| MFC Manulife Financial Corp. | Reduce -1.3% | 1.66% | +0.13 |
| AMZN Amazon.com Inc. | Reduce -0.2% | 2.30% | +0.21 |
| META Meta Platforms Inc. Class A | Reduce -0.3% | 3.40% | +0.22 |
| RY Royal Bank of Canada | Reduce -1.8% | 3.57% | +0.23 |
| GS Goldman Sachs Group Inc. | Reduce -0.9% | 2.45% | +0.24 |
| MSFT Microsoft Corp. | Reduce -0.1% | 4.07% | +0.35 |
Portfolio Buys Q1 2024 → Q2 2024
| ALL Allstate Corp. | New | 2.71% | +2.71 |
| GOOGL Alphabet Inc. Class A | Add +0.6% | 3.60% | +0.72 |
| SNN Smith & Nephew PLC -Spon ADR | Add +53.6% | 1.84% | +0.65 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.1% | 2.62% | +0.63 |
| BDX Becton Dickinson and Co. | Add +51.0% | 1.85% | +0.59 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +42.4% | 0.66% | +0.35 |
| DEO Diageo PLC-Sponsored ADR | Add +35.2% | 2.05% | +0.31 |
| NKE Nike Inc. Class B | Add +80.3% | 0.87% | +0.29 |
| JNJ Johnson & Johnson | Add +27.5% | 1.49% | +0.26 |
| KVUE Kenvue Inc. | Add +59.0% | 0.91% | +0.25 |
| ADBE Adobe Inc. | Add +0.6% | 1.63% | +0.20 |
| JNK SS SPDR BB High Yield Bond | Add +103.0% | 0.38% | +0.20 |
| UL Unilever PLC | Add +0.5% | 1.46% | +0.17 |
| EA Electronic Arts Inc. | Add +0.1% | 1.96% | +0.15 |
| JPM JPMorgan Chase & Co. | Add +0.0% | 2.54% | +0.10 |
| BN Brookfield Corp. | Add +0.5% | 1.85% | +0.05 |
| URTH iShares MSCI World ETF | Add +5.8% | 0.16% | +0.02 |
| RCI Rogers Communications Inc. Class B | Add +8.5% | 1.08% | +0.01 |
| STT State Street Corp. | Add +1.0% | 0.94% | −0.00 |
| CSCO Cisco Systems Inc. | Add +0.6% | 1.74% | −0.02 |
| NTR Nutrien Ltd. | Add +0.8% | 1.34% | −0.04 |
| V Visa Inc. Class A | Add +0.9% | 2.39% | −0.05 |
| TRP TC Energy Corp. | Add +0.4% | 2.15% | −0.05 |
| WBD Warner Bros Discovery Inc. | Add +1.2% | 0.55% | −0.07 |
| CNI Canadian Natl Railway Co. | Add +4.0% | 1.88% | −0.08 |
| SMG Scotts Miracle-Gro Co. | Add +0.2% | 0.75% | −0.08 |
| KHC The Kraft Heinz Co. | Add +0.1% | 1.14% | −0.13 |
| SBUX Starbucks Corp. | Add +1.4% | 1.16% | −0.14 |
| VTRS Viatris Inc. | Add +0.9% | 2.20% | −0.18 |
| BNS Bank of Nova Scotia | Add +0.3% | 2.14% | −0.20 |
| DIS The Walt Disney Co. | Add +0.7% | 2.05% | −0.38 |
| CVS CVS Health Corp. | Add +1.0% | 1.88% | −0.56 |
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 |