Lorne Steinberg Wealth Management Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 17, 2025), Lorne Steinberg Wealth Management Inc. reported 70 stock positions worth $343.1 million. Its top holding was Royal Bank of Canada (RY) at 3.8% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 3.6%) and Meta Platforms Class A (META, 3.5%). Compared with Q4 2024, it opened 1 new position, sold out of 1, added to 44 and reduced 18. The biggest buy was CVS Health (CVS, shares +3%) and the biggest sale Goldman Sachs (GS, shares −38%).
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, QUEBEC, Z4
- CIK
- 0001851362
- Portfolio Value
- $343.1M (Q1 2025)
- SEC Filing
- 0001731447-25-000005 ↗ filed Apr 17, 2025
Holdings Value
Holdings 70 stocks · $343.1M
| RY Royal Bank of Canada | 3.83% | 116,475 | $13.1M | Add +3.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.61% | 23,286 | $12.4M | Add +0.2% |
| META Meta Platforms Inc. Class A | 3.50% | 20,827 | $12.0M | Reduce -0.2% |
| ALL Allstate Corp. | 3.15% | 52,131 | $10.8M | Reduce -0.4% |
| MSFT Microsoft Corp. | 3.13% | 28,644 | $10.8M | Add +0.5% |
| V Visa Inc. Class A | 2.88% | 28,158 | $9.9M | Reduce -0.1% |
| JPM JPMorgan Chase & Co. | 2.78% | 38,825 | $9.5M | Reduce -0.6% |
| GOOGL Alphabet Inc. Class A | 2.78% | 61,583 | $9.5M | Add +0.2% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 2.70% | 164,569 | $9.3M | Add +2.0% |
| TD Toronto-Dominion Bank | 2.60% | 148,842 | $8.9M | Add +0.9% |
| AXP American Express Co. | 2.60% | 33,139 | $8.9M | Reduce -0.3% |
| TRP TC Energy Corp. | 2.49% | 180,718 | $8.5M | Add +1.5% |
| AMZN Amazon.com Inc. | 2.28% | 41,164 | $7.8M | Reduce -1.1% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 2.20% | 158,946 | $7.5M | Add +1.0% |
| CVS CVS Health Corp. | 2.17% | 110,077 | $7.5M | Add +3.4% |
| SNN Smith & Nephew PLC -Spon ADR | 2.17% | 262,405 | $7.4M | Add +12.6% |
| EA Electronic Arts Inc. | 2.07% | 49,125 | $7.1M | Add +12.5% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 2.07% | 74,131 | $7.1M | Add +7.5% |
| CSCO Cisco Systems Inc. | 2.05% | 113,968 | $7.0M | Reduce -0.7% |
| CTVA Corteva Inc. | 2.04% | 111,325 | $7.0M | Add +0.2% |
| SLF Sun Life Financial Inc. | 1.94% | 115,925 | $6.6M | Add +0.9% |
| CNI Canadian Natl Railway Co. | 1.89% | 66,459 | $6.5M | Add +8.7% |
| CP Canadian Pacific Kansas City | 1.87% | 91,346 | $6.4M | Add +1.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.87% | 64,875 | $6.4M | Add +0.1% |
| BDX Becton Dickinson and Co. | 1.86% | 27,793 | $6.4M | Add +0.4% |
| MS Morgan Stanley | 1.78% | 52,418 | $6.1M | Reduce -0.2% |
| MFC Manulife Financial Corp. | 1.75% | 192,514 | $6.0M | Reduce -0.1% |
| DEO Diageo PLC-Sponsored ADR | 1.74% | 56,825 | $6.0M | Add +4.9% |
| GS Goldman Sachs Group Inc. | 1.66% | 10,410 | $5.7M | Reduce -37.6% |
| UL Unilever PLC | 1.65% | 94,831 | $5.6M | Add +15.3% |
| VTRS Viatris Inc. | 1.64% | 644,361 | $5.6M | Add +0.1% |
| BN Brookfield Corp. | 1.55% | 101,462 | $5.3M | Reduce -26.9% |
| SBUX Starbucks Corp. | 1.54% | 53,929 | $5.3M | Add +0.5% |
| JNJ Johnson & Johnson | 1.54% | 31,836 | $5.3M | Reduce -0.4% |
| Telus Corp. | 1.46% | 348,170 | $5.0M | Add +6.9% |
| TSCO Tractor Supply Company | 1.43% | 89,062 | $4.9M | Add +0.1% |
| TSM Taiwan Semiconductor-SP ADR | 1.41% | 29,163 | $4.8M | Add +0.5% |
| ADBE Adobe Inc. | 1.40% | 12,545 | $4.8M | Add +17.1% |
| NTR Nutrien Ltd. | 1.36% | 93,726 | $4.7M | Add +3.0% |
| KVUE Kenvue Inc. | 1.32% | 188,295 | $4.5M | Add +1.1% |
| BCE Bce Inc. | 1.16% | 173,696 | $4.0M | Add +67.2% |
| OTEX Open Text Corp. | 1.10% | 149,298 | $3.8M | Add +15.9% |
| MIDD Middleby Corp. | 1.08% | 24,465 | $3.7M | Reduce -0.3% |
| STT State Street Corp. | 1.03% | 39,495 | $3.5M | Add +0.3% |
| AAPL Apple Inc. | 1.02% | 15,715 | $3.5M | Add +0.9% |
| KHC The Kraft Heinz Co. | 0.98% | 110,005 | $3.3M | Add +2.2% |
| RCI Rogers Communications Inc. Class B | 0.94% | 120,997 | $3.2M | Add +19.8% |
| MGA Magna International Inc. | 0.84% | 84,570 | $2.9M | Add +6.4% |
| CNQ Canadian Natural Resources | 0.77% | 85,535 | $2.6M | Add +1077.2% |
| ADP Automatic Data Processing | 0.76% | 8,564 | $2.6M | Add +0.9% |
| WBD Warner Bros Discovery Inc. | 0.72% | 228,737 | $2.5M | Add +0.5% |
| NKE Nike Inc. Class B | 0.69% | 37,141 | $2.4M | Add +2.9% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.63% | 27,512 | $2.2M | Reduce -0.2% |
| SMG Scotts Miracle-Gro Co. | 0.56% | 35,250 | $1.9M | Add +0.5% |
| JNK SS SPDR BB High Yield Bond | 0.35% | 12,630 | $1.2M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.23% | 1 | $798K | No change |
| URTH iShares MSCI World ETF | 0.21% | 4,666 | $715K | Reduce -30.5% |
| GOOG Alphabet Inc. Class C | 0.15% | 3,315 | $518K | Reduce -10.6% |
| CVE Cenovus Energy Inc. | 0.14% | 34,899 | $486K | Add +0.9% |
| COST Costco Wholesale Corp. | 0.14% | 491 | $464K | Add +39.9% |
| PG The Procter & Gamble Co. | 0.13% | 2,555 | $435K | Add +6.6% |
| MCD McDonald's Corp. | 0.11% | 1,247 | $390K | Reduce -1.3% |
| NVDA Nvidia Corp. | 0.09% | 2,952 | $320K | Add +37.6% |
| LLY Eli Lilly & Co. | 0.08% | 315 | $260K | Reduce -4.8% |
| MRK Merck & Co. Inc. | 0.07% | 2,623 | $235K | No change |
| DFJ Wisdomtree JPN S/C DVD Fund | 0.06% | 2,706 | $215K | No change |
| HUM Humana Inc. | 0.06% | 800 | $212K | No change |
| WMT Walmart Inc. | 0.06% | 2,394 | $210K | No change |
| RCL Royal Caribbean Cruises Ltd. | 0.06% | 1,000 | $205K | No change |
| ING ING Groep N.V.-Sponsored ADR | 0.06% | 10,250 | $201K | New |
Portfolio Sells Q4 2024 → Q1 2025
| GS Goldman Sachs Group Inc. | Reduce -37.6% | 1.66% | −1.11 |
| BN Brookfield Corp. | Reduce -26.9% | 1.55% | −0.76 |
| AMZN Amazon.com Inc. | Reduce -1.1% | 2.28% | −0.36 |
| AXP American Express Co. | Reduce -0.3% | 2.60% | −0.26 |
| MS Morgan Stanley | Reduce -0.2% | 1.78% | −0.13 |
| URTH iShares MSCI World ETF | Reduce -30.5% | 0.21% | −0.09 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -10.6% | 0.15% | −0.05 |
| META Meta Platforms Inc. Class A | Reduce -0.2% | 3.50% | −0.04 |
| LLY Eli Lilly & Co. | Reduce -4.8% | 0.08% | +0.00 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -0.2% | 0.63% | +0.00 |
| MCD McDonald's Corp. | Reduce -1.3% | 0.11% | +0.01 |
| MFC Manulife Financial Corp. | Reduce -0.1% | 1.75% | +0.04 |
| JPM JPMorgan Chase & Co. | Reduce -0.6% | 2.78% | +0.06 |
| CSCO Cisco Systems Inc. | Reduce -0.7% | 2.05% | +0.08 |
| MIDD Middleby Corp. | Reduce -0.3% | 1.08% | +0.12 |
| JNJ Johnson & Johnson | Reduce -0.4% | 1.54% | +0.20 |
| ALL Allstate Corp. | Reduce -0.4% | 3.15% | +0.22 |
| V Visa Inc. Class A | Reduce -0.1% | 2.88% | +0.29 |
Portfolio Buys Q4 2024 → Q1 2025
| CVS CVS Health Corp. | Add +3.4% | 2.17% | +0.79 |
| CNQ Canadian Natural Resources | Add +1077.2% | 0.77% | +0.70 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.2% | 3.61% | +0.56 |
| SNN Smith & Nephew PLC -Spon ADR | Add +12.6% | 2.17% | +0.51 |
| BCE Bce Inc. | Add +67.2% | 1.16% | +0.46 |
| TD Toronto-Dominion Bank | Add +0.9% | 2.60% | +0.33 |
| UL Unilever PLC | Add +15.3% | 1.65% | +0.29 |
| EA Electronic Arts Inc. | Add +12.5% | 2.07% | +0.22 |
| CTVA Corteva Inc. | Add +0.2% | 2.04% | +0.21 |
| NTR Nutrien Ltd. | Add +3.0% | 1.36% | +0.18 |
| Telus Corp. | Add +6.9% | 1.46% | +0.18 |
| KVUE Kenvue Inc. | Add +1.1% | 1.32% | +0.16 |
| BMO Bank of Montreal | Add +7.5% | 2.07% | +0.13 |
| SBUX Starbucks Corp. | Add +0.5% | 1.54% | +0.12 |
| CNI Canadian Natl Railway Co. | Add +8.7% | 1.89% | +0.09 |
| TRP TC Energy Corp. | Add +1.5% | 2.49% | +0.09 |
| TSCO Tractor Supply Company | Add +0.1% | 1.43% | +0.06 |
| ING ING Groep N.V.-Sponsored ADR | New | 0.06% | +0.06 |
| OTEX Open Text Corp. | Add +15.9% | 1.10% | +0.04 |
| RCI Rogers Communications Inc. Class B | Add +19.8% | 0.94% | +0.04 |
| ADP Automatic Data Processing | Add +0.9% | 0.76% | +0.04 |
| COST Costco Wholesale Corp. | Add +39.9% | 0.14% | +0.04 |
| BDX Becton Dickinson and Co. | Add +0.4% | 1.86% | +0.03 |
| ADBE Adobe Inc. | Add +17.1% | 1.40% | +0.02 |
| WBD Warner Bros Discovery Inc. | Add +0.5% | 0.72% | +0.02 |
| KHC The Kraft Heinz Co. | Add +2.2% | 0.98% | +0.02 |
| PG The Procter & Gamble Co. | Add +6.6% | 0.13% | +0.01 |
| NVDA Nvidia Corp. | Add +37.6% | 0.09% | +0.01 |
| CVE Cenovus Energy Inc. | Add +0.9% | 0.14% | −0.01 |
| CP Canadian Pacific Kansas City | Add +1.6% | 1.87% | −0.02 |
| SLF Sun Life Financial Inc. | Add +0.9% | 1.94% | −0.04 |
| RY Royal Bank of Canada | Add +3.9% | 3.83% | −0.09 |
| STT State Street Corp. | Add +0.3% | 1.03% | −0.09 |
| NKE Nike Inc. Class B | Add +2.9% | 0.69% | −0.10 |
| SMG Scotts Miracle-Gro Co. | Add +0.5% | 0.56% | −0.11 |
| AAPL Apple Inc. | Add +0.9% | 1.02% | −0.11 |
| MGA Magna International Inc. | Add +6.4% | 0.84% | −0.12 |
| DIS The Walt Disney Co. | Add +0.1% | 1.87% | −0.23 |
| BNS Bank of Nova Scotia | Add +1.0% | 2.20% | −0.25 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.5% | 1.41% | −0.25 |
| CM Can Imperial BK of Commerce | Add +2.0% | 2.70% | −0.26 |
| DEO Diageo PLC-Sponsored ADR | Add +4.9% | 1.74% | −0.26 |
| MSFT Microsoft Corp. | Add +0.5% | 3.13% | −0.35 |
| GOOGL Alphabet Inc. Class A | Add +0.2% | 2.78% | −0.60 |
| VTRS Viatris Inc. | Add +0.1% | 1.64% | −0.69 |
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 |