Lorne Steinberg Wealth Management Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 8, 2026), Lorne Steinberg Wealth Management Inc. reported 68 stock positions worth $422.1 million. Its top holding was Royal Bank of Canada (RY) at 5.0% of the portfolio, followed by Alphabet Class A (GOOGL, 4.2%) and Toronto-Dominion Bank (TD, 3.5%). Compared with Q4 2025, it opened 5 new positions, sold out of 9, added to 38 and reduced 19. The biggest buy was a new position in Telus and the biggest sale an exit from Becton Dickinson and (BDX).
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, QUEBEC, Z4
- CIK
- 0001851362
- Portfolio Value
- $422.1M (Q1 2026)
- SEC Filing
- 0001851362-26-000002 ↗ filed May 8, 2026
Holdings Value
Holdings 68 stocks · $422.1M
| RY Royal Bank of Canada | 4.99% | 130,367 | $21.1M | Add +1.9% |
| GOOGL Alphabet Inc. Class A | 4.18% | 61,341 | $17.6M | Add +0.7% |
| TD Toronto-Dominion Bank | 3.51% | 158,465 | $14.8M | Add +1.8% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 3.23% | 143,988 | $13.6M | Reduce -21.8% |
| BMO Bank of Montreal filed as BANK MONTREAL MEDIUM | 3.23% | 100,673 | $13.6M | Add +2.1% |
| MSFT Microsoft Corp. | 3.06% | 34,860 | $12.9M | Add +24.2% |
| TRP TC Energy Corp. | 3.02% | 203,385 | $12.7M | Add +1.5% |
| CNI Canadian Natl Railway Co. | 2.78% | 113,980 | $11.7M | Add +19.3% |
| JPM JPMorgan Chase & Co. | 2.70% | 38,788 | $11.4M | Add +1.1% |
| CP Canadian Pacific Kansas City | 2.67% | 143,060 | $11.3M | Add +29.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.59% | 22,817 | $10.9M | Reduce -0.7% |
| ALL Allstate Corp. | 2.49% | 50,790 | $10.5M | Reduce -0.1% |
| EA Electronic Arts Inc. | 2.39% | 49,440 | $10.1M | Add +0.3% |
| TSM Taiwan Semiconductor-SP ADR | 2.37% | 29,643 | $10.0M | Add +0.3% |
| AXP American Express Co. | 2.33% | 32,479 | $9.8M | Add +0.3% |
| AMZN Amazon.com Inc. | 2.31% | 46,722 | $9.7M | Add +2.2% |
| SLF Sun Life Financial Inc. | 2.28% | 153,750 | $9.6M | Add +20.9% |
| JNJ Johnson & Johnson | 2.19% | 37,854 | $9.3M | Add +1.8% |
| CTVA Corteva Inc. | 2.14% | 107,865 | $9.0M | Reduce -0.6% |
| CSCO Cisco Systems Inc. | 2.04% | 111,013 | $8.6M | Reduce -0.3% |
| V Visa Inc. Class A | 2.04% | 28,481 | $8.6M | Add +1.4% |
| GS Goldman Sachs Group Inc. | 2.03% | 10,142 | $8.6M | Reduce -1.6% |
| SNN Smith & Nephew PLC -Spon ADR | 2.01% | 266,380 | $8.5M | Add +0.4% |
| VTRS Viatris Inc. | 2.00% | 624,016 | $8.4M | Add +0.1% |
| MS Morgan Stanley | 1.99% | 51,021 | $8.4M | Reduce -0.4% |
| NTR Nutrien Ltd. | 1.96% | 109,510 | $8.3M | Add +1.4% |
| CVS CVS Health Corp. | 1.85% | 108,854 | $7.8M | Reduce -0.1% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C | 1.85% | 112,543 | $7.8M | Reduce -33.7% |
| ADBE Adobe Inc. | 1.84% | 31,984 | $7.8M | Add +114.0% |
| MFC Manulife Financial Corp. | 1.77% | 217,164 | $7.5M | Add +1.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.64% | 72,010 | $6.9M | Add +1.0% |
| BN Brookfield Corp. | 1.54% | 160,903 | $6.5M | Add +1.2% |
| RCI Rogers Communications Inc. Class B | 1.51% | 166,054 | $6.4M | Add +3.8% |
| SBUX Starbucks Corp. | 1.47% | 69,248 | $6.2M | Add +2.3% |
| META Meta Platforms Inc. Class A | 1.35% | 9,972 | $5.7M | Reduce -27.2% |
| CNQ Canadian Natural Resources | 1.34% | 115,599 | $5.6M | Add +1.9% |
| UL Unilever PLC-Sponsored ADR | 1.17% | 86,595 | $4.9M | Reduce -0.0% |
| Telus Corp. | 1.17% | 383,388 | $4.9M | New |
| STT State Street Corp. | 1.17% | 38,885 | $4.9M | Reduce -0.4% |
| BCE Bce Inc. | 1.14% | 191,268 | $4.8M | Add +2.5% |
| OTEX Open Text Corp. | 1.08% | 204,343 | $4.6M | Add +5.0% |
| DEO Diageo PLC-Sponsored ADR | 1.01% | 57,500 | $4.3M | Add +2.7% |
| AAPL Apple Inc. | 1.01% | 16,719 | $4.2M | Add +0.8% |
| TSCO Tractor Supply Company | 0.93% | 87,087 | $3.9M | Reduce -0.0% |
| ADP Automatic Data Processing | 0.81% | 16,799 | $3.4M | Add +1.9% |
| KVUE Kenvue Inc. | 0.78% | 191,355 | $3.3M | Add +0.9% |
| MIDD Middleby Corp. | 0.74% | 23,640 | $3.1M | Reduce -0.7% |
| MCD McDonald's Corp. | 0.74% | 10,021 | $3.1M | Add +4.4% |
| KMB Kimberly-Clark Corp. | 0.56% | 24,688 | $2.4M | Reduce -0.3% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.47% | 25,080 | $2.0M | New |
| NKE Nike Inc. Class B | 0.46% | 36,551 | $1.9M | Add +3.1% |
| JNK SS SPDR BB High Yield Bond | 0.29% | 12,750 | $1.2M | New |
| URTH iShares MSCI World ETF | 0.28% | 6,639 | $1.2M | Reduce -3.9% |
| GOOG Alphabet Inc. Class C | 0.22% | 3,223 | $925K | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.17% | 1 | $718K | No change |
| EWC iShares MSCI Canada ETF | 0.14% | 10,803 | $592K | Add +51.6% |
| LLY Eli Lilly & Co. | 0.14% | 629 | $579K | Reduce -13.7% |
| COST Costco Wholesale Corp. | 0.11% | 479 | $477K | Add +1.9% |
| WMT Walmart Inc. | 0.09% | 3,221 | $400K | Add +29.1% |
| MRK Merck & Co. Inc. | 0.09% | 3,023 | $364K | No change |
| GLW Corning Inc. | 0.08% | 2,500 | $340K | No change |
| AMGN Amgen Inc. | 0.08% | 925 | $325K | New |
| PG The Procter & Gamble Co. | 0.07% | 2,123 | $307K | Reduce -19.1% |
| RCL Royal Caribbean Cruises Ltd. | 0.07% | 1,000 | $275K | No change |
| ING ING Groep N.V.-Sponsored ADR | 0.06% | 10,250 | $267K | No change |
| NVDA Nvidia Corp. | 0.06% | 1,502 | $262K | Reduce -17.1% |
| ENB Enbridge Inc. | 0.06% | 4,735 | $257K | Add +7.2% |
| SU Suncor Energy Inc. | 0.06% | 3,706 | $245K | New |
Portfolio Sells Q4 2025 → Q1 2026
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −1.20 |
| TU Telus Corp. | Sold out | 0.00% | −1.10 |
| BNS Bank of Nova Scotia | Reduce -33.7% | 1.85% | −1.03 |
| META Meta Platforms Inc. Class A | Reduce -27.2% | 1.35% | −0.73 |
| CM Can Imperial BK of Commerce | Reduce -21.8% | 3.23% | −0.61 |
| LIN Linde PLC | Sold out | 0.00% | −0.52 |
| CVS CVS Health Corp. | Reduce -0.1% | 1.85% | −0.14 |
| UL Unilever PLC-Sponsored ADR | Reduce -0.0% | 1.17% | −0.13 |
| MS Morgan Stanley | Reduce -0.4% | 1.99% | −0.10 |
| MIDD Middleby Corp. | Reduce -0.7% | 0.74% | −0.07 |
| FTS Fortis Inc. | Sold out | 0.00% | −0.07 |
| TSCO Tractor Supply Company | Reduce -0.0% | 0.93% | −0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.7% | 2.59% | −0.07 |
| EFA iShares MSCI Eafe ETF | Sold out | 0.00% | −0.05 |
| GS Goldman Sachs Group Inc. | Reduce -1.6% | 2.03% | −0.05 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.05 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.05 |
| HUM Humana Inc. | Sold out | 0.00% | −0.05 |
| BHP BHP Group Ltd.-Spon ADR | Sold out | 0.00% | −0.05 |
| LLY Eli Lilly & Co. | Reduce -13.7% | 0.14% | −0.04 |
| NVDA Nvidia Corp. | Reduce -17.1% | 0.06% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -19.1% | 0.07% | −0.01 |
| URTH iShares MSCI World ETF | Reduce -3.9% | 0.28% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -0.3% | 0.56% | −0.01 |
| STT State Street Corp. | Reduce -0.4% | 1.17% | +0.01 |
| ALL Allstate Corp. | Reduce -0.1% | 2.49% | +0.06 |
| CSCO Cisco Systems Inc. | Reduce -0.3% | 2.04% | +0.07 |
| CTVA Corteva Inc. | Reduce -0.6% | 2.14% | +0.47 |
Portfolio Buys Q4 2025 → Q1 2026
| Telus Corp. | New | 1.17% | +1.17 |
| CP Canadian Pacific Kansas City | Add +29.0% | 2.67% | +0.79 |
| ADBE Adobe Inc. | Add +114.0% | 1.84% | +0.64 |
| CNI Canadian Natl Railway Co. | Add +19.3% | 2.78% | +0.60 |
| TRP TC Energy Corp. | Add +1.5% | 3.02% | +0.48 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | New | 0.47% | +0.47 |
| SLF Sun Life Financial Inc. | Add +20.9% | 2.28% | +0.45 |
| CNQ Canadian Natural Resources | Add +1.9% | 1.34% | +0.45 |
| JNJ Johnson & Johnson | Add +1.8% | 2.19% | +0.42 |
| NTR Nutrien Ltd. | Add +1.4% | 1.96% | +0.42 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.3% | 2.37% | +0.31 |
| JNK SS SPDR BB High Yield Bond | New | 0.29% | +0.29 |
| BMO Bank of Montreal | Add +2.1% | 3.23% | +0.28 |
| VTRS Viatris Inc. | Add +0.1% | 2.00% | +0.21 |
| SBUX Starbucks Corp. | Add +2.3% | 1.47% | +0.16 |
| TD Toronto-Dominion Bank | Add +1.8% | 3.51% | +0.13 |
| RCI Rogers Communications Inc. Class B | Add +3.8% | 1.51% | +0.12 |
| BCE Bce Inc. | Add +2.5% | 1.14% | +0.12 |
| AMGN Amgen Inc. | New | 0.08% | +0.08 |
| EA Electronic Arts Inc. | Add +0.3% | 2.39% | +0.07 |
| MCD McDonald's Corp. | Add +4.4% | 0.74% | +0.06 |
| SU Suncor Energy Inc. | New | 0.06% | +0.06 |
| EWC iShares MSCI Canada ETF | Add +51.6% | 0.14% | +0.05 |
| WMT Walmart Inc. | Add +29.1% | 0.09% | +0.03 |
| KVUE Kenvue Inc. | Add +0.9% | 0.78% | +0.03 |
| COST Costco Wholesale Corp. | Add +1.9% | 0.11% | +0.02 |
| ENB Enbridge Inc. | Add +7.2% | 0.06% | +0.01 |
| SNN Smith & Nephew PLC -Spon ADR | Add +0.4% | 2.01% | +0.00 |
| MFC Manulife Financial Corp. | Add +1.3% | 1.77% | −0.02 |
| RY Royal Bank of Canada | Add +1.9% | 4.99% | −0.03 |
| AAPL Apple Inc. | Add +0.8% | 1.01% | −0.03 |
| NKE Nike Inc. Class B | Add +3.1% | 0.46% | −0.06 |
| MSFT Microsoft Corp. | Add +24.2% | 3.06% | −0.06 |
| DEO Diageo PLC-Sponsored ADR | Add +2.7% | 1.01% | −0.10 |
| AMZN Amazon.com Inc. | Add +2.2% | 2.31% | −0.12 |
| BN Brookfield Corp. | Add +1.2% | 1.54% | −0.14 |
| JPM JPMorgan Chase & Co. | Add +1.1% | 2.70% | −0.14 |
| ADP Automatic Data Processing | Add +1.9% | 0.81% | −0.17 |
| GOOGL Alphabet Inc. Class A | Add +0.7% | 4.18% | −0.20 |
| DIS The Walt Disney Co. | Add +1.0% | 1.64% | −0.22 |
| V Visa Inc. Class A | Add +1.4% | 2.04% | −0.22 |
| OTEX Open Text Corp. | Add +5.0% | 1.08% | −0.38 |
| AXP American Express Co. | Add +0.3% | 2.33% | −0.43 |
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 |