Institutional Manager · CIK 0001851362
Lorne Steinberg Wealth Management Inc.
MONTREAL, QUEBEC, Z4 · File #028-21114
Latest AUM
$434.9M
Positions
72
Top-10 Concentration
34.9%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| EXITED | Unilever PLC ADR | 904767704 | -97,596 | -$5.8M | $0 |
| NEW | Unilever PLC ADR | UNLYF | +86,608 | +$5.7M | $0 |
| EXITED | Kraft Heinz Company | 500754106 | -108,460 | -$2.8M | $0 |
| ADD | Brookfield Corp | 11271J107 | +54,901 | +$2.5M | -$2.4M |
| NEW | Kimberly Clark Corp | KMB | +24,755 | +$2.5M | $0 |
| EXITED | iShares iBoxx $ High Yield Corporate Bond ETF | 464288513 | -25,940 | -$2.1M | $0 |
| ADD | Cdn National Railway | 136375102 | +12,460 | +$1.2M | +$396,182 |
| EXITED | SPDR Bloomberg Barclays High Yield Bond ETF | 78468R622 | -12,510 | -$1.2M | $0 |
| ADD | Rogers Communications | RCIAF | +30,802 | +$1.2M | +$437,291 |
| ADD | TC Energy Corp. | TRPRF | +12,364 | +$681,784 | +$147,628 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202572 pos · $434.9M
- 13F HOLDINGS REPORTQ/E Sep 202570 pos · $415.0M
- 13F HOLDINGS REPORTQ/E Jun 202570 pos · $382.9M
- 13F HOLDINGS REPORTQ/E Mar 202570 pos · $343.1M
- 13F HOLDINGS REPORTQ/E Dec 202470 pos · $344.9M
- 13F HOLDINGS REPORTQ/E Sep 202469 pos · $345.9M
- 13F HOLDINGS REPORTQ/E Jun 202468 pos · $310.7M
- 13F HOLDINGS REPORTQ/E Mar 202469 pos · $320.3M
- 13F HOLDINGS REPORTQ/E Dec 202370 pos · $259.8M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | Royal Bank of Canada | 780087102 | 127,924 | $21.8M | 5.17% |
| 2 | Alphabet Inc. Class A | GOOG | 60,895 | $19.1M | 4.52% |
| 3 | Cdn Imperial Bank of Commerce | CNDIF | 184,192 | $16.7M | 3.96% |
| 4 | Toronto Dominion Bank | TORO | 155,697 | $14.7M | 3.48% |
| 5 | Microsoft Corp | MSFT | 28,059 | $13.6M | 3.22% |
| 6 | Bank of Montreal | 063671101 | 98,630 | $12.8M | 3.04% |
| 7 | Bank of Nova Scotia | 064149107 | 169,702 | $12.5M | 2.97% |
| 8 | JPMorgan Chase & Co | VYLD | 38,356 | $12.4M | 2.93% |
| 9 | American Express Co. | AXP | 32,394 | $12.0M | 2.84% |
| 10 | Berkshire Hathaway B | BRK-A | 22,977 | $11.5M | 2.74% |
| 11 | TC Energy Corp. | TRPRF | 200,314 | $11.0M | 2.62% |
| 12 | Allstate Corporation | ALL-PJ | 50,816 | $10.6M | 2.51% |
| 13 | Amazon.Com Inc | AMZN | 45,723 | $10.6M | 2.50% |
| 14 | Electronic Arts Inc | EA | 49,295 | $10.1M | 2.39% |
| 15 | Visa Inc. | V | 28,074 | $9.8M | 2.33% |
| 16 | Cdn National Railway | 136375102 | 95,555 | $9.5M | 2.24% |
| 17 | Morgan Stanley | MS-PQ | 51,208 | $9.1M | 2.15% |
| 18 | Goldman Sachs | GSCE | 10,306 | $9.1M | 2.15% |
| 19 | Meta Platforms | META | 13,695 | $9.0M | 2.14% |
| 20 | Taiwan Semiconductor Mfg ADR | 874039100 | 29,553 | $9.0M | 2.13% |