Lorne Steinberg Wealth Management Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 25, 2024), Lorne Steinberg Wealth Management Inc. reported 69 stock positions worth $345.9 million. Its top holding was Royal Bank of Canada (RY) at 4.1% of the portfolio, followed by Microsoft (MSFT, 3.5%) and Meta Platforms Class A (META, 3.4%). Compared with Q2 2024, it opened 3 new positions, sold out of 2, added to 25 and reduced 33. The biggest buy was a new position in Telus and the biggest sale an exit from Ferrari (RACE).
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, QUEBEC, Z4
- CIK
- 0001851362
- Portfolio Value
- $345.9M (Q3 2024)
- SEC Filing
- 0001851362-24-000005 ↗ filed Oct 25, 2024
Holdings Value
Holdings 69 stocks · $345.9M
| RY Royal Bank of Canada | 4.06% | 112,576 | $14.1M | Add +8.0% |
| MSFT Microsoft Corp. | 3.52% | 28,327 | $12.2M | Add +0.2% |
| META Meta Platforms Inc. Class A | 3.43% | 20,699 | $11.8M | Reduce -1.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.07% | 23,089 | $10.6M | Reduce -0.4% |
| GOOGL Alphabet Inc. Class A | 2.95% | 61,423 | $10.2M | Reduce -0.0% |
| ALL Allstate Corp. | 2.88% | 52,530 | $10.0M | Reduce -0.2% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 2.83% | 159,594 | $9.8M | Reduce -0.8% |
| AXP American Express Co. | 2.61% | 33,270 | $9.0M | Reduce -0.5% |
| TD Toronto-Dominion Bank | 2.55% | 139,368 | $8.8M | Add +5.0% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 2.46% | 156,030 | $8.5M | Add +7.5% |
| TRP TC Energy Corp. | 2.42% | 176,102 | $8.4M | Reduce -0.0% |
| GS Goldman Sachs Group Inc. | 2.39% | 16,726 | $8.3M | Reduce -0.7% |
| JPM JPMorgan Chase & Co. | 2.38% | 39,021 | $8.2M | Reduce -0.1% |
| TSM Taiwan Semiconductor-SP ADR | 2.34% | 46,687 | $8.1M | Reduce -0.4% |
| V Visa Inc. Class A | 2.23% | 28,051 | $7.7M | Reduce -1.0% |
| AMZN Amazon.com Inc. | 2.19% | 40,618 | $7.6M | Add +9.7% |
| VTRS Viatris Inc. | 2.15% | 641,421 | $7.4M | Reduce -0.1% |
| BN Brookfield Corp. | 2.12% | 137,727 | $7.3M | Reduce -0.5% |
| SNN Smith & Nephew PLC -Spon ADR | 2.08% | 230,995 | $7.2M | Reduce -0.0% |
| DEO Diageo PLC-Sponsored ADR | 2.01% | 49,450 | $6.9M | Reduce -1.9% |
| CP Canadian Pacific Kansas City | 1.95% | 78,911 | $6.8M | Add +0.1% |
| CVS CVS Health Corp. | 1.95% | 107,057 | $6.7M | Add +8.5% |
| SLF Sun Life Financial Inc. | 1.93% | 114,921 | $6.7M | Add +1.9% |
| CTVA Corteva Inc. | 1.89% | 111,490 | $6.6M | Reduce -0.2% |
| EA Electronic Arts Inc. | 1.81% | 43,725 | $6.3M | Reduce -0.1% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 1.81% | 69,241 | $6.2M | Reduce -0.4% |
| CNI Canadian Natl Railway Co. | 1.80% | 53,117 | $6.2M | Add +7.3% |
| CSCO Cisco Systems Inc. | 1.77% | 114,982 | $6.1M | Add +1.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.76% | 63,468 | $6.1M | Reduce -1.1% |
| BDX Becton Dickinson and Co. | 1.71% | 24,550 | $5.9M | Add +0.1% |
| MFC Manulife Financial Corp. | 1.65% | 192,813 | $5.7M | Reduce -0.7% |
| MS Morgan Stanley | 1.58% | 52,333 | $5.5M | Reduce -0.6% |
| ADBE Adobe Inc. | 1.55% | 10,387 | $5.4M | Add +13.9% |
| UL Unilever PLC | 1.54% | 82,220 | $5.3M | Reduce -0.2% |
| TSCO Tractor Supply Company | 1.50% | 17,815 | $5.2M | Reduce -0.2% |
| SBUX Starbucks Corp. | 1.49% | 52,940 | $5.2M | Add +14.7% |
| JNJ Johnson & Johnson | 1.49% | 31,778 | $5.1M | Add +0.1% |
| Telus Corp. | 1.36% | 280,503 | $4.7M | New |
| OTEX Open Text Corp. | 1.27% | 131,835 | $4.4M | Add +10.3% |
| NTR Nutrien Ltd. | 1.25% | 90,233 | $4.3M | Add +10.5% |
| KVUE Kenvue Inc. | 1.21% | 180,630 | $4.2M | Add +16.8% |
| BCE Bce Inc. | 1.13% | 112,872 | $3.9M | Add +10.6% |
| KHC The Kraft Heinz Co. | 1.10% | 108,315 | $3.8M | Reduce -1.2% |
| RCI Rogers Communications Inc. Class B | 1.06% | 91,135 | $3.7M | Add +0.2% |
| AAPL Apple Inc. | 1.06% | 15,676 | $3.7M | Reduce -0.3% |
| STT State Street Corp. | 1.01% | 39,400 | $3.5M | Reduce -0.7% |
| MIDD Middleby Corp. | 0.98% | 24,465 | $3.4M | Reduce -0.2% |
| MGA Magna International Inc. | 0.98% | 82,445 | $3.4M | Add +13.3% |
| NKE Nike Inc. Class B | 0.93% | 36,220 | $3.2M | Add +1.1% |
| SMG Scotts Miracle-Gro Co. | 0.88% | 35,105 | $3.0M | Reduce -1.5% |
| ADP Automatic Data Processing | 0.67% | 8,376 | $2.3M | New |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.61% | 26,308 | $2.1M | Reduce -0.9% |
| WBD Warner Bros Discovery Inc. | 0.54% | 224,702 | $1.9M | Reduce -2.4% |
| JNK SS SPDR BB High Yield Bond | 0.36% | 12,630 | $1.2M | No change |
| URTH iShares MSCI World ETF | 0.25% | 5,531 | $868K | Add +66.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.20% | 1 | $691K | No change |
| GOOG Alphabet Inc. Class C | 0.18% | 3,709 | $620K | Reduce -2.6% |
| CVE Cenovus Energy Inc. | 0.17% | 34,942 | $585K | Add +1.2% |
| PG The Procter & Gamble Co. | 0.13% | 2,522 | $437K | No change |
| VRN Veren Inc. | 0.12% | 65,170 | $401K | Reduce -17.7% |
| MCD McDonald's Corp. | 0.11% | 1,263 | $385K | Add +16.1% |
| COST Costco Wholesale Corp. | 0.09% | 351 | $311K | No change |
| MRK Merck & Co. Inc. | 0.09% | 2,623 | $298K | No change |
| LLY Eli Lilly & Co. | 0.08% | 331 | $293K | No change |
| NVDA Nvidia Corp. | 0.08% | 2,145 | $260K | Reduce -39.4% |
| HUM Humana Inc. | 0.07% | 800 | $253K | No change |
| CNQ Canadian Natural Resources | 0.07% | 7,584 | $252K | Add +2.9% |
| ORCL Oracle Corp. | 0.06% | 1,275 | $217K | New |
| BTE Baytex Energy Corp. | 0.06% | 70,000 | $209K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| RACE Ferrari NV | Sold out | 0.00% | −1.26 |
| TU Telus Corp. | Sold out | 0.00% | −1.22 |
| GOOGL Alphabet Inc. Class A | Reduce -0.0% | 2.95% | −0.66 |
| DIS The Walt Disney Co. | Reduce -1.1% | 1.76% | −0.29 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -0.4% | 2.34% | −0.28 |
| V Visa Inc. Class A | Reduce -1.0% | 2.23% | −0.16 |
| JPM JPMorgan Chase & Co. | Reduce -0.1% | 2.38% | −0.16 |
| EA Electronic Arts Inc. | Reduce -0.1% | 1.81% | −0.15 |
| VRN Veren Inc. | Reduce -17.7% | 0.12% | −0.08 |
| MS Morgan Stanley | Reduce -0.6% | 1.58% | −0.07 |
| BMO Bank of Montreal | Reduce -0.4% | 1.81% | −0.07 |
| NVDA Nvidia Corp. | Reduce -39.4% | 0.08% | −0.07 |
| GS Goldman Sachs Group Inc. | Reduce -0.7% | 2.39% | −0.06 |
| TSCO Tractor Supply Company | Reduce -0.2% | 1.50% | −0.05 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -0.9% | 0.61% | −0.05 |
| GOOG Alphabet Inc. Class C | Reduce -2.6% | 0.18% | −0.05 |
| VTRS Viatris Inc. | Reduce -0.1% | 2.15% | −0.05 |
| CTVA Corteva Inc. | Reduce -0.2% | 1.89% | −0.04 |
| DEO Diageo PLC-Sponsored ADR | Reduce -1.9% | 2.01% | −0.04 |
| KHC The Kraft Heinz Co. | Reduce -1.2% | 1.10% | −0.04 |
| MFC Manulife Financial Corp. | Reduce -0.7% | 1.65% | −0.02 |
| WBD Warner Bros Discovery Inc. | Reduce -2.4% | 0.54% | −0.02 |
| AAPL Apple Inc. | Reduce -0.3% | 1.06% | −0.01 |
| MIDD Middleby Corp. | Reduce -0.2% | 0.98% | +0.02 |
| META Meta Platforms Inc. Class A | Reduce -1.2% | 3.43% | +0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.4% | 3.07% | +0.04 |
| STT State Street Corp. | Reduce -0.7% | 1.01% | +0.06 |
| UL Unilever PLC | Reduce -0.2% | 1.54% | +0.09 |
| AXP American Express Co. | Reduce -0.5% | 2.61% | +0.12 |
| SMG Scotts Miracle-Gro Co. | Reduce -1.5% | 0.88% | +0.13 |
| ALL Allstate Corp. | Reduce -0.2% | 2.88% | +0.17 |
| SNN Smith & Nephew PLC -Spon ADR | Reduce -0.0% | 2.08% | +0.24 |
| BN Brookfield Corp. | Reduce -0.5% | 2.12% | +0.26 |
| TRP TC Energy Corp. | Reduce -0.0% | 2.42% | +0.27 |
| CM Can Imperial BK of Commerce | Reduce -0.8% | 2.83% | +0.37 |
Portfolio Buys Q2 2024 → Q3 2024
| Telus Corp. | New | 1.36% | +1.36 |
| ADP Automatic Data Processing | New | 0.67% | +0.67 |
| RY Royal Bank of Canada | Add +8.0% | 4.06% | +0.49 |
| SBUX Starbucks Corp. | Add +14.7% | 1.49% | +0.34 |
| BNS Bank of Nova Scotia | Add +7.5% | 2.46% | +0.32 |
| KVUE Kenvue Inc. | Add +16.8% | 1.21% | +0.30 |
| TD Toronto-Dominion Bank | Add +5.0% | 2.55% | +0.20 |
| SLF Sun Life Financial Inc. | Add +1.9% | 1.93% | +0.15 |
| OTEX Open Text Corp. | Add +10.3% | 1.27% | +0.11 |
| URTH iShares MSCI World ETF | Add +66.8% | 0.25% | +0.09 |
| BCE Bce Inc. | Add +10.6% | 1.13% | +0.07 |
| CVS CVS Health Corp. | Add +8.5% | 1.95% | +0.07 |
| ORCL Oracle Corp. | New | 0.06% | +0.06 |
| NKE Nike Inc. Class B | Add +1.1% | 0.93% | +0.06 |
| CSCO Cisco Systems Inc. | Add +1.2% | 1.77% | +0.03 |
| MCD McDonald's Corp. | Add +16.1% | 0.11% | +0.02 |
| MGA Magna International Inc. | Add +13.3% | 0.98% | −0.00 |
| JNJ Johnson & Johnson | Add +0.1% | 1.49% | −0.01 |
| CNQ Canadian Natural Resources | Add +2.9% | 0.07% | −0.01 |
| RCI Rogers Communications Inc. Class B | Add +0.2% | 1.06% | −0.02 |
| CP Canadian Pacific Kansas City | Add +0.1% | 1.95% | −0.05 |
| CVE Cenovus Energy Inc. | Add +1.2% | 0.17% | −0.05 |
| ADBE Adobe Inc. | Add +13.9% | 1.55% | −0.08 |
| NTR Nutrien Ltd. | Add +10.5% | 1.25% | −0.08 |
| CNI Canadian Natl Railway Co. | Add +7.3% | 1.80% | −0.08 |
| AMZN Amazon.com Inc. | Add +9.7% | 2.19% | −0.12 |
| BDX Becton Dickinson and Co. | Add +0.1% | 1.71% | −0.13 |
| MSFT Microsoft Corp. | Add +0.2% | 3.52% | −0.54 |
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 |