Lorne Steinberg Wealth Management Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 31, 2025), Lorne Steinberg Wealth Management Inc. reported 70 stock positions worth $344.9 million. Its top holding was Royal Bank of Canada (RY) at 3.9% of the portfolio, followed by Meta Platforms Class A (META, 3.5%) and Microsoft (MSFT, 3.5%). Compared with Q3 2024, it opened 3 new positions, sold out of 2, added to 33 and reduced 23. The biggest buy was Amazon.com (AMZN, shares +2%) and the biggest sale Taiwan Semiconductor-SP ADR (TSM, shares −38%).
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, QUEBEC, Z4
- CIK
- 0001851362
- Portfolio Value
- $344.9M (Q4 2024)
- SEC Filing
- 0001851362-25-000001 ↗ filed Jan 31, 2025
Holdings Value
Holdings 70 stocks · $344.9M
| RY Royal Bank of Canada | 3.91% | 112,062 | $13.5M | Reduce -0.5% |
| META Meta Platforms Inc. Class A | 3.54% | 20,861 | $12.2M | Add +0.8% |
| MSFT Microsoft Corp. | 3.48% | 28,499 | $12.0M | Add +0.6% |
| GOOGL Alphabet Inc. Class A | 3.37% | 61,433 | $11.6M | Add +0.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.05% | 23,231 | $10.5M | Add +0.6% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 2.96% | 161,334 | $10.2M | Add +1.1% |
| ALL Allstate Corp. | 2.93% | 52,335 | $10.1M | Reduce -0.4% |
| AXP American Express Co. | 2.86% | 33,250 | $9.9M | Reduce -0.1% |
| GS Goldman Sachs Group Inc. | 2.77% | 16,695 | $9.6M | Reduce -0.2% |
| JPM JPMorgan Chase & Co. | 2.71% | 39,039 | $9.4M | Add +0.1% |
| AMZN Amazon.com Inc. | 2.65% | 41,613 | $9.1M | Add +2.5% |
| V Visa Inc. Class A | 2.58% | 28,201 | $8.9M | Add +0.5% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 2.45% | 157,428 | $8.4M | Add +0.9% |
| TRP TC Energy Corp. | 2.40% | 178,069 | $8.3M | Add +1.1% |
| VTRS Viatris Inc. | 2.32% | 643,491 | $8.0M | Add +0.3% |
| BN Brookfield Corp. | 2.31% | 138,772 | $8.0M | Add +0.8% |
| TD Toronto-Dominion Bank | 2.27% | 147,442 | $7.8M | Add +5.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.09% | 64,805 | $7.2M | Add +2.1% |
| DEO Diageo PLC-Sponsored ADR | 2.00% | 54,188 | $6.9M | Add +9.6% |
| SLF Sun Life Financial Inc. | 1.98% | 114,940 | $6.8M | Add +0.0% |
| CSCO Cisco Systems Inc. | 1.97% | 114,742 | $6.8M | Reduce -0.2% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 1.94% | 68,940 | $6.7M | Reduce -0.4% |
| MS Morgan Stanley | 1.92% | 52,543 | $6.6M | Add +0.4% |
| CP Canadian Pacific Kansas City | 1.89% | 89,946 | $6.5M | Add +14.0% |
| EA Electronic Arts Inc. | 1.85% | 43,650 | $6.4M | Reduce -0.2% |
| CTVA Corteva Inc. | 1.84% | 111,125 | $6.3M | Reduce -0.3% |
| BDX Becton Dickinson and Co. | 1.82% | 27,693 | $6.3M | Add +12.8% |
| CNI Canadian Natl Railway Co. | 1.80% | 61,119 | $6.2M | Add +15.1% |
| MFC Manulife Financial Corp. | 1.71% | 192,613 | $5.9M | Reduce -0.1% |
| TSM Taiwan Semiconductor-SP ADR | 1.66% | 29,032 | $5.7M | Reduce -37.8% |
| SNN Smith & Nephew PLC -Spon ADR | 1.66% | 233,155 | $5.7M | Add +0.9% |
| SBUX Starbucks Corp. | 1.42% | 53,675 | $4.9M | Add +1.4% |
| CVS CVS Health Corp. | 1.39% | 106,447 | $4.8M | Reduce -0.6% |
| ADBE Adobe Inc. | 1.38% | 10,716 | $4.8M | Add +3.2% |
| TSCO Tractor Supply Company | 1.37% | 89,000 | $4.7M | No change |
| UL Unilever PLC | 1.35% | 82,210 | $4.7M | Reduce -0.0% |
| JNJ Johnson & Johnson | 1.34% | 31,976 | $4.6M | Add +0.6% |
| Telus Corp. | 1.28% | 325,648 | $4.4M | Add +16.1% |
| NTR Nutrien Ltd. | 1.18% | 90,973 | $4.1M | Add +0.8% |
| KVUE Kenvue Inc. | 1.15% | 186,280 | $4.0M | Add +3.1% |
| AAPL Apple Inc. | 1.13% | 15,572 | $3.9M | Reduce -0.7% |
| STT State Street Corp. | 1.12% | 39,390 | $3.9M | Reduce -0.0% |
| OTEX Open Text Corp. | 1.06% | 128,803 | $3.6M | Reduce -2.3% |
| MIDD Middleby Corp. | 0.96% | 24,535 | $3.3M | Add +0.3% |
| MGA Magna International Inc. | 0.96% | 79,495 | $3.3M | Reduce -3.6% |
| KHC The Kraft Heinz Co. | 0.96% | 107,630 | $3.3M | Reduce -0.6% |
| RCI Rogers Communications Inc. Class B | 0.90% | 101,011 | $3.1M | Add +10.8% |
| NKE Nike Inc. Class B | 0.79% | 36,096 | $2.7M | Reduce -0.3% |
| ADP Automatic Data Processing | 0.72% | 8,485 | $2.5M | Add +1.3% |
| BCE Bce Inc. | 0.71% | 103,919 | $2.4M | Reduce -7.9% |
| WBD Warner Bros Discovery Inc. | 0.70% | 227,662 | $2.4M | Add +1.3% |
| SMG Scotts Miracle-Gro Co. | 0.67% | 35,075 | $2.3M | Reduce -0.1% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.63% | 27,573 | $2.2M | Add +4.8% |
| JNK SS SPDR BB High Yield Bond | 0.35% | 12,630 | $1.2M | No change |
| URTH iShares MSCI World ETF | 0.30% | 6,712 | $1.0M | Add +21.4% |
| GOOG Alphabet Inc. Class C | 0.20% | 3,709 | $706K | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.20% | 1 | $681K | No change |
| CVE Cenovus Energy Inc. | 0.15% | 34,590 | $524K | Reduce -1.0% |
| PG The Procter & Gamble Co. | 0.12% | 2,397 | $402K | Reduce -5.0% |
| MCD McDonald's Corp. | 0.11% | 1,263 | $366K | No change |
| COST Costco Wholesale Corp. | 0.09% | 351 | $322K | No change |
| NVDA Nvidia Corp. | 0.08% | 2,145 | $288K | No change |
| MRK Merck & Co. Inc. | 0.08% | 2,623 | $261K | No change |
| LLY Eli Lilly & Co. | 0.07% | 331 | $256K | No change |
| RCL Royal Caribbean Cruises Ltd. | 0.07% | 1,000 | $231K | New |
| CNQ Canadian Natural Resources | 0.07% | 7,266 | $224K | Reduce -4.2% |
| WMT Walmart Inc. | 0.06% | 2,394 | $216K | New |
| ORCL Oracle Corp. | 0.06% | 1,275 | $212K | No change |
| DFJ Wisdomtree JPN S/C DVD Fund | 0.06% | 2,706 | $203K | New |
| HUM Humana Inc. | 0.06% | 800 | $203K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| TSM Taiwan Semiconductor-SP ADR | Reduce -37.8% | 1.66% | −0.68 |
| CVS CVS Health Corp. | Reduce -0.6% | 1.39% | −0.56 |
| BCE Bce Inc. | Reduce -7.9% | 0.71% | −0.43 |
| OTEX Open Text Corp. | Reduce -2.3% | 1.06% | −0.21 |
| SMG Scotts Miracle-Gro Co. | Reduce -0.1% | 0.67% | −0.21 |
| UL Unilever PLC | Reduce -0.0% | 1.35% | −0.19 |
| RY Royal Bank of Canada | Reduce -0.5% | 3.91% | −0.15 |
| KHC The Kraft Heinz Co. | Reduce -0.6% | 0.96% | −0.14 |
| NKE Nike Inc. Class B | Reduce -0.3% | 0.79% | −0.13 |
| VRN Veren Inc. | Sold out | 0.00% | −0.12 |
| BTE Baytex Energy Corp. | Sold out | 0.00% | −0.06 |
| CTVA Corteva Inc. | Reduce -0.3% | 1.84% | −0.06 |
| CVE Cenovus Energy Inc. | Reduce -1.0% | 0.15% | −0.02 |
| MGA Magna International Inc. | Reduce -3.6% | 0.96% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -5.0% | 0.12% | −0.01 |
| CNQ Canadian Natural Resources | Reduce -4.2% | 0.07% | −0.01 |
| EA Electronic Arts Inc. | Reduce -0.2% | 1.85% | +0.04 |
| ALL Allstate Corp. | Reduce -0.4% | 2.93% | +0.05 |
| MFC Manulife Financial Corp. | Reduce -0.1% | 1.71% | +0.07 |
| AAPL Apple Inc. | Reduce -0.7% | 1.13% | +0.07 |
| STT State Street Corp. | Reduce -0.0% | 1.12% | +0.11 |
| BMO Bank of Montreal | Reduce -0.4% | 1.94% | +0.13 |
| CSCO Cisco Systems Inc. | Reduce -0.2% | 1.97% | +0.20 |
| AXP American Express Co. | Reduce -0.1% | 2.86% | +0.25 |
| GS Goldman Sachs Group Inc. | Reduce -0.2% | 2.77% | +0.38 |
Portfolio Buys Q3 2024 → Q4 2024
| AMZN Amazon.com Inc. | Add +2.5% | 2.65% | +0.46 |
| GOOGL Alphabet Inc. Class A | Add +0.0% | 3.37% | +0.43 |
| V Visa Inc. Class A | Add +0.5% | 2.58% | +0.35 |
| MS Morgan Stanley | Add +0.4% | 1.92% | +0.34 |
| JPM JPMorgan Chase & Co. | Add +0.1% | 2.71% | +0.33 |
| DIS The Walt Disney Co. | Add +2.1% | 2.09% | +0.33 |
| BN Brookfield Corp. | Add +0.8% | 2.31% | +0.20 |
| VTRS Viatris Inc. | Add +0.3% | 2.32% | +0.17 |
| WBD Warner Bros Discovery Inc. | Add +1.3% | 0.70% | +0.16 |
| CM Can Imperial BK of Commerce | Add +1.1% | 2.96% | +0.13 |
| META Meta Platforms Inc. Class A | Add +0.8% | 3.54% | +0.12 |
| BDX Becton Dickinson and Co. | Add +12.8% | 1.82% | +0.11 |
| RCL Royal Caribbean Cruises Ltd. | New | 0.07% | +0.07 |
| WMT Walmart Inc. | New | 0.06% | +0.06 |
| DFJ Wisdomtree JPN S/C DVD Fund | New | 0.06% | +0.06 |
| URTH iShares MSCI World ETF | Add +21.4% | 0.30% | +0.05 |
| ADP Automatic Data Processing | Add +1.3% | 0.72% | +0.05 |
| SLF Sun Life Financial Inc. | Add +0.0% | 1.98% | +0.05 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +4.8% | 0.63% | +0.02 |
| CNI Canadian Natl Railway Co. | Add +15.1% | 1.80% | −0.00 |
| DEO Diageo PLC-Sponsored ADR | Add +9.6% | 2.00% | −0.01 |
| BNS Bank of Nova Scotia | Add +0.9% | 2.45% | −0.01 |
| TRP TC Energy Corp. | Add +1.1% | 2.40% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.6% | 3.05% | −0.02 |
| MIDD Middleby Corp. | Add +0.3% | 0.96% | −0.02 |
| MSFT Microsoft Corp. | Add +0.6% | 3.48% | −0.04 |
| KVUE Kenvue Inc. | Add +3.1% | 1.15% | −0.05 |
| CP Canadian Pacific Kansas City | Add +14.0% | 1.89% | −0.07 |
| SBUX Starbucks Corp. | Add +1.4% | 1.42% | −0.07 |
| NTR Nutrien Ltd. | Add +0.8% | 1.18% | −0.07 |
| Telus Corp. | Add +16.1% | 1.28% | −0.08 |
| JNJ Johnson & Johnson | Add +0.6% | 1.34% | −0.15 |
| RCI Rogers Communications Inc. Class B | Add +10.8% | 0.90% | −0.16 |
| ADBE Adobe Inc. | Add +3.2% | 1.38% | −0.17 |
| TD Toronto-Dominion Bank | Add +5.8% | 2.27% | −0.27 |
| SNN Smith & Nephew PLC -Spon ADR | Add +0.9% | 1.66% | −0.42 |
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 |