Lorne Steinberg Wealth Management Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 30, 2025), Lorne Steinberg Wealth Management Inc. reported 70 stock positions worth $382.9 million. Its top holding was Royal Bank of Canada (RY) at 4.2% of the portfolio, followed by Microsoft (MSFT, 3.7%) and Can Imperial BK of Commerce (CM, 3.4%). Compared with Q1 2025, it opened 1 new position, sold out of 1, added to 26 and reduced 33. The biggest buy was Can Imperial BK of Commerce (CM, shares +10%) and the biggest sale Meta Platforms Class A (META, shares −35%).
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, QUEBEC, Z4
- CIK
- 0001851362
- Portfolio Value
- $382.9M (Q2 2025)
- SEC Filing
- 0001851362-25-000004 ↗ filed Jul 30, 2025
Holdings Value
Holdings 70 stocks · $382.9M
| RY Royal Bank of Canada | 4.20% | 121,904 | $16.1M | Add +4.7% |
| MSFT Microsoft Corp. | 3.70% | 28,504 | $14.2M | Reduce -0.5% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 3.38% | 180,597 | $13.0M | Add +9.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.93% | 23,126 | $11.2M | Reduce -0.7% |
| JPM JPMorgan Chase & Co. | 2.92% | 38,520 | $11.2M | Reduce -0.8% |
| TD Toronto-Dominion Bank | 2.87% | 149,177 | $11.0M | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 2.79% | 60,555 | $10.7M | Reduce -1.7% |
| AXP American Express Co. | 2.74% | 32,839 | $10.5M | Reduce -0.9% |
| ALL Allstate Corp. | 2.72% | 51,726 | $10.4M | Reduce -0.8% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 2.66% | 92,014 | $10.2M | Add +24.1% |
| META Meta Platforms Inc. Class A | 2.63% | 13,634 | $10.1M | Reduce -34.5% |
| V Visa Inc. Class A | 2.59% | 27,973 | $9.9M | Reduce -0.7% |
| AMZN Amazon.com Inc. | 2.56% | 44,739 | $9.8M | Add +8.7% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 2.44% | 168,991 | $9.4M | Add +6.3% |
| TRP TC Energy Corp. | 2.34% | 183,456 | $9.0M | Add +1.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.33% | 71,845 | $8.9M | Add +10.7% |
| CTVA Corteva Inc. | 2.15% | 110,370 | $8.2M | Reduce -0.9% |
| SNN Smith & Nephew PLC -Spon ADR | 2.10% | 262,440 | $8.0M | Add +0.0% |
| CSCO Cisco Systems Inc. | 2.05% | 113,293 | $7.9M | Reduce -0.6% |
| CP Canadian Pacific Kansas City | 2.05% | 98,771 | $7.9M | Add +8.1% |
| EA Electronic Arts Inc. | 2.04% | 48,820 | $7.8M | Reduce -0.6% |
| SLF Sun Life Financial Inc. | 2.02% | 116,274 | $7.7M | Add +0.3% |
| CVS CVS Health Corp. | 1.98% | 109,757 | $7.6M | Reduce -0.3% |
| GS Goldman Sachs Group Inc. | 1.92% | 10,395 | $7.4M | Reduce -0.1% |
| MS Morgan Stanley | 1.92% | 52,228 | $7.4M | Reduce -0.4% |
| CNI Canadian Natl Railway Co. | 1.83% | 67,380 | $7.0M | Add +1.4% |
| TSM Taiwan Semiconductor-SP ADR | 1.72% | 29,088 | $6.6M | Reduce -0.3% |
| SBUX Starbucks Corp. | 1.67% | 69,711 | $6.4M | Add +29.3% |
| BN Brookfield Corp. | 1.66% | 102,407 | $6.3M | Add +0.9% |
| MFC Manulife Financial Corp. | 1.60% | 191,895 | $6.1M | Reduce -0.3% |
| UL Unilever PLC | 1.51% | 94,571 | $5.8M | Reduce -0.3% |
| Telus Corp. | 1.48% | 351,935 | $5.7M | Add +1.1% |
| DEO Diageo PLC-Sponsored ADR | 1.47% | 55,970 | $5.6M | Reduce -1.5% |
| VTRS Viatris Inc. | 1.47% | 629,686 | $5.6M | Reduce -2.3% |
| NTR Nutrien Ltd. | 1.45% | 95,021 | $5.5M | Add +1.4% |
| ADBE Adobe Inc. | 1.44% | 14,275 | $5.5M | Add +13.8% |
| JNJ Johnson & Johnson | 1.44% | 36,006 | $5.5M | Add +13.1% |
| OTEX Open Text Corp. | 1.29% | 168,298 | $4.9M | Add +12.7% |
| BDX Becton Dickinson and Co. | 1.23% | 27,313 | $4.7M | Reduce -1.7% |
| TSCO Tractor Supply Company | 1.22% | 88,387 | $4.7M | Reduce -0.8% |
| STT State Street Corp. | 1.09% | 39,255 | $4.2M | Reduce -0.6% |
| BCE Bce Inc. | 1.05% | 180,623 | $4.0M | Add +4.0% |
| KVUE Kenvue Inc. | 1.02% | 187,070 | $3.9M | Reduce -0.7% |
| RCI Rogers Communications Inc. Class B | 0.95% | 122,961 | $3.6M | Add +1.6% |
| MIDD Middleby Corp. | 0.92% | 24,335 | $3.5M | Reduce -0.5% |
| AAPL Apple Inc. | 0.86% | 15,975 | $3.3M | Add +1.6% |
| MGA Magna International Inc. | 0.85% | 84,009 | $3.2M | Reduce -0.7% |
| KHC The Kraft Heinz Co. | 0.73% | 107,820 | $2.8M | Reduce -2.0% |
| CNQ Canadian Natural Resources | 0.72% | 87,210 | $2.7M | Add +2.0% |
| ADP Automatic Data Processing | 0.68% | 8,504 | $2.6M | Reduce -0.7% |
| NKE Nike Inc. Class B | 0.67% | 36,356 | $2.6M | Reduce -2.1% |
| WBD Warner Bros Discovery Inc. | 0.67% | 222,397 | $2.5M | Reduce -2.8% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.59% | 28,040 | $2.3M | Add +1.9% |
| SMG Scotts Miracle-Gro Co. | 0.59% | 34,115 | $2.3M | Reduce -3.2% |
| URTH iShares MSCI World ETF | 0.43% | 9,779 | $1.7M | Add +109.6% |
| JNK SS SPDR BB High Yield Bond | 0.32% | 12,510 | $1.2M | Reduce -0.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.19% | 1 | $729K | No change |
| GOOG Alphabet Inc. Class C | 0.15% | 3,315 | $588K | No change |
| CVE Cenovus Energy Inc. | 0.13% | 36,433 | $496K | Add +4.4% |
| NVDA Nvidia Corp. | 0.12% | 2,902 | $458K | Reduce -1.7% |
| COST Costco Wholesale Corp. | 0.12% | 456 | $451K | Reduce -7.1% |
| PG The Procter & Gamble Co. | 0.11% | 2,555 | $407K | No change |
| MCD McDonald's Corp. | 0.10% | 1,247 | $364K | No change |
| RCL Royal Caribbean Cruises Ltd. | 0.08% | 1,000 | $313K | No change |
| ORCL Oracle Corp. | 0.07% | 1,275 | $279K | New |
| LLY Eli Lilly & Co. | 0.06% | 315 | $246K | No change |
| WMT Walmart Inc. | 0.06% | 2,394 | $234K | No change |
| DFJ Wisdomtree JPN S/C DVD Fund | 0.06% | 2,706 | $232K | No change |
| ING ING Groep N.V.-Sponsored ADR | 0.06% | 10,250 | $224K | No change |
| MRK Merck & Co. Inc. | 0.05% | 2,623 | $208K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| META Meta Platforms Inc. Class A | Reduce -34.5% | 2.63% | −0.87 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.7% | 2.93% | −0.68 |
| BDX Becton Dickinson and Co. | Reduce -1.7% | 1.23% | −0.63 |
| ALL Allstate Corp. | Reduce -0.8% | 2.72% | −0.43 |
| KVUE Kenvue Inc. | Reduce -0.7% | 1.02% | −0.29 |
| V Visa Inc. Class A | Reduce -0.7% | 2.59% | −0.28 |
| DEO Diageo PLC-Sponsored ADR | Reduce -1.5% | 1.47% | −0.26 |
| KHC The Kraft Heinz Co. | Reduce -2.0% | 0.73% | −0.25 |
| TSCO Tractor Supply Company | Reduce -0.8% | 1.22% | −0.21 |
| CVS CVS Health Corp. | Reduce -0.3% | 1.98% | −0.20 |
| MIDD Middleby Corp. | Reduce -0.5% | 0.92% | −0.17 |
| VTRS Viatris Inc. | Reduce -2.3% | 1.47% | −0.17 |
| MFC Manulife Financial Corp. | Reduce -0.3% | 1.60% | −0.15 |
| UL Unilever PLC | Reduce -0.3% | 1.51% | −0.14 |
| ADP Automatic Data Processing | Reduce -0.7% | 0.68% | −0.08 |
| HUM Humana Inc. | Sold out | 0.00% | −0.06 |
| WBD Warner Bros Discovery Inc. | Reduce -2.8% | 0.67% | −0.05 |
| EA Electronic Arts Inc. | Reduce -0.6% | 2.04% | −0.03 |
| JNK SS SPDR BB High Yield Bond | Reduce -0.9% | 0.32% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -7.1% | 0.12% | −0.02 |
| NKE Nike Inc. Class B | Reduce -2.1% | 0.67% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -0.6% | 2.05% | +0.00 |
| MGA Magna International Inc. | Reduce -0.7% | 0.85% | +0.01 |
| GOOGL Alphabet Inc. Class A | Reduce -1.7% | 2.79% | +0.01 |
| SMG Scotts Miracle-Gro Co. | Reduce -3.2% | 0.59% | +0.02 |
| NVDA Nvidia Corp. | Reduce -1.7% | 0.12% | +0.03 |
| STT State Street Corp. | Reduce -0.6% | 1.09% | +0.06 |
| CTVA Corteva Inc. | Reduce -0.9% | 2.15% | +0.11 |
| AXP American Express Co. | Reduce -0.9% | 2.74% | +0.14 |
| MS Morgan Stanley | Reduce -0.4% | 1.92% | +0.14 |
| JPM JPMorgan Chase & Co. | Reduce -0.8% | 2.92% | +0.14 |
| GS Goldman Sachs Group Inc. | Reduce -0.1% | 1.92% | +0.26 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -0.3% | 1.72% | +0.31 |
| MSFT Microsoft Corp. | Reduce -0.5% | 3.70% | +0.57 |
Portfolio Buys Q1 2025 → Q2 2025
| CM Can Imperial BK of Commerce | Add +9.7% | 3.38% | +0.68 |
| BMO Bank of Montreal | Add +24.1% | 2.66% | +0.60 |
| DIS The Walt Disney Co. | Add +10.7% | 2.33% | +0.46 |
| RY Royal Bank of Canada | Add +4.7% | 4.20% | +0.37 |
| AMZN Amazon.com Inc. | Add +8.7% | 2.56% | +0.28 |
| TD Toronto-Dominion Bank | Add +0.2% | 2.87% | +0.27 |
| BNS Bank of Nova Scotia | Add +6.3% | 2.44% | +0.24 |
| URTH iShares MSCI World ETF | Add +109.6% | 0.43% | +0.22 |
| OTEX Open Text Corp. | Add +12.7% | 1.29% | +0.19 |
| CP Canadian Pacific Kansas City | Add +8.1% | 2.05% | +0.18 |
| SBUX Starbucks Corp. | Add +29.3% | 1.67% | +0.13 |
| BN Brookfield Corp. | Add +0.9% | 1.66% | +0.11 |
| NTR Nutrien Ltd. | Add +1.4% | 1.45% | +0.09 |
| SLF Sun Life Financial Inc. | Add +0.3% | 2.02% | +0.09 |
| ORCL Oracle Corp. | New | 0.07% | +0.07 |
| ADBE Adobe Inc. | Add +13.8% | 1.44% | +0.04 |
| Telus Corp. | Add +1.1% | 1.48% | +0.02 |
| RCI Rogers Communications Inc. Class B | Add +1.6% | 0.95% | +0.01 |
| CVE Cenovus Energy Inc. | Add +4.4% | 0.13% | −0.01 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +1.9% | 0.59% | −0.04 |
| CNQ Canadian Natural Resources | Add +2.0% | 0.72% | −0.05 |
| CNI Canadian Natl Railway Co. | Add +1.4% | 1.83% | −0.05 |
| SNN Smith & Nephew PLC -Spon ADR | Add +0.0% | 2.10% | −0.07 |
| JNJ Johnson & Johnson | Add +13.1% | 1.44% | −0.10 |
| BCE Bce Inc. | Add +4.0% | 1.05% | −0.12 |
| TRP TC Energy Corp. | Add +1.5% | 2.34% | −0.15 |
| AAPL Apple Inc. | Add +1.6% | 0.86% | −0.16 |
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 |