# DORCHESTER WEALTH MANAGEMENT Co

> Institutional holdings reported to the SEC as of Q4 2024 on Form 13F. CIK 1649888. Source: https://holderbook.com/funds/1649888-dorchester-wealth-management-co/

- Reported value: $501.3M
- Positions: 146
- Weight of the ten largest: 37.5%
- Filed: 2025-02-04

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $52.0M | 207,802 | 10.4% | 25 |
| BANK MONTREAL MEDIUM | [BMO](https://holderbook.com/stocks/BMO/) | $17.7M | 183,463 | 3.5% | 25 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $17.4M | 91,564 | 3.5% | 22 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $15.8M | 302,234 | 3.2% | 25 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $14.8M | 123,052 | 3.0% | 25 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $14.4M | 159,710 | 2.9% | 25 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $14.3M | 341,353 | 2.9% | 25 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $14.1M | 58,741 | 2.8% | 25 |
| MANULIFE FINL CORP | [MFC](https://holderbook.com/stocks/MFC/) | $14.0M | 459,423 | 2.8% | 25 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $13.5M | 227,935 | 2.7% | 25 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $13.2M | 386,750 | 2.6% | 25 |
| TC ENERGY CORP | [TRP](https://holderbook.com/stocks/TRP/) | $12.2M | 265,181 | 2.4% | 23 |
| BANK NOVA SCOTIA B C | [BNS](https://holderbook.com/stocks/BNS/) | $11.5M | 216,142 | 2.3% | 25 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $10.9M | 65,305 | 2.2% | 25 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $10.8M | 75,027 | 2.2% | 25 |
| CGI INC | [GIB](https://holderbook.com/stocks/GIB/) | $10.0M | 93,521 | 2.0% | 24 |
| ROGERS COMMUNICATIONS INC | [RCI](https://holderbook.com/stocks/RCI/) | $9.7M | 317,971 | 1.9% | 25 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $9.4M | 93,054 | 1.9% | 25 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $8.7M | 20,723 | 1.7% | 25 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $8.6M | 71,056 | 1.7% | 25 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $8.4M | 55,180 | 1.7% | 25 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $7.8M | 294,077 | 1.6% | 25 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $7.7M | 34,858 | 1.5% | 25 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $7.5M | 199,705 | 1.5% | 25 |
| KENVUE INC | [KVUE](https://holderbook.com/stocks/KVUE/) | $7.3M | 344,070 | 1.5% | 6 |
| OPEN TEXT CORP | [OTEX](https://holderbook.com/stocks/OTEX/) | $7.1M | 256,149 | 1.4% | 25 |
| CANADIAN NAT RES LTD MED TER | [CNQ](https://holderbook.com/stocks/CNQ/) | $7.0M | 229,729 | 1.4% | 25 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $6.9M | 24,391 | 1.4% | 20 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $6.8M | 7,395 | 1.4% | 25 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $6.4M | 94,901 | 1.3% | 25 |
| BROOKFIELD BUSINESS PARTNERS | [BBU](https://holderbook.com/stocks/BBU/) | $5.6M | 244,547 | 1.1% | 16 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $5.5M | 122,445 | 1.1% | 25 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $5.3M | 157,515 | 1.1% | 25 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.9M | 26,014 | 1.0% | 25 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $4.6M | 41,588 | 0.9% | 25 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $4.6M | 150,410 | 0.9% | 25 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $4.5M | 14,105 | 0.9% | 25 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $4.2M | 9,298 | 0.8% | 25 |
| VIATRIS INC | [VTRS](https://holderbook.com/stocks/VTRS/) | $4.0M | 324,875 | 0.8% | 17 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $4.0M | 18,130 | 0.8% | 25 |
| COMFORT SYS USA INC | [FIX](https://holderbook.com/stocks/FIX/) | $4.0M | 9,360 | 0.8% | 6 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $3.8M | 13,034 | 0.8% | 25 |
| CENOVUS ENERGY INC | [CVE](https://holderbook.com/stocks/CVE/) | $3.1M | 222,071 | 0.6% | 25 |
| BROOKFIELD BUSINESS CORP | [BBUC](https://holderbook.com/stocks/BBUC/) | $2.8M | 118,001 | 0.5% | 7 |
| TELUS CORPORATION | [TU](https://holderbook.com/stocks/TU/) | $2.6M | 192,634 | 0.5% | 25 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.6M | 19,324 | 0.5% | 1 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $2.4M | 31,517 | 0.5% | 12 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $2.2M | 13,371 | 0.4% | 11 |
| SUN LIFE FINANCIAL INC. | [SLF](https://holderbook.com/stocks/SLF/) | $2.1M | 35,192 | 0.4% | 25 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $2.1M | 35,920 | 0.4% | 9 |
| TRANSALTA CORP | [TAC](https://holderbook.com/stocks/TAC/) | $2.0M | 139,600 | 0.4% | 10 |
| CANADIAN IMPERIAL BANK OF CO | [CM](https://holderbook.com/stocks/CM/) | $1.9M | 30,601 | 0.4% | 25 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $1.9M | 9,247 | 0.4% | 6 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $1.6M | 5,215 | 0.3% | 5 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.6M | 39,118 | 0.3% | 25 |
| BCE INC | [BCE](https://holderbook.com/stocks/BCE/) | $1.5M | 66,301 | 0.3% | 25 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $1.5M | 32,062 | 0.3% | 6 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.4M | 2,466 | 0.3% | 25 |
| ISHARES TR | [ITA](https://holderbook.com/stocks/ITA/) | $1.4M | 9,820 | 0.3% | 2 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $1.4M | 5,495 | 0.3% | 25 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.3M | 2,631 | 0.3% | 25 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $1.3M | 14,158 | 0.3% | 15 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.3M | 3,334 | 0.3% | 25 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.3M | 2,141 | 0.3% | 8 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.2M | 1,381 | 0.2% | 10 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.2M | 6,745 | 0.2% | 25 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $1.2M | 16,907 | 0.2% | 5 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.1M | 6,838 | 0.2% | 25 |
| YETI HLDGS INC | [YETI](https://holderbook.com/stocks/YETI/) | $1.1M | 28,965 | 0.2% | 6 |
| ALAMOS GOLD INC | [AGI](https://holderbook.com/stocks/AGI/) | $1.1M | 60,092 | 0.2% | 2 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $1.1M | 19,340 | 0.2% | 25 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $1.1M | 4,610 | 0.2% | 25 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.0M | 1,928 | 0.2% | 19 |
| BROOKFIELD INFRASTRUCTURE PA | [BIP](https://holderbook.com/stocks/BIP/) | $1.0M | 36,245 | 0.2% | 25 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $964.2K | 10,606 | 0.2% | 25 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $909.4K | 10,655 | 0.2% | 5 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $907.2K | 20,641 | 0.2% | 25 |
| PEMBINA PIPELINE CORP | [PBA](https://holderbook.com/stocks/PBA/) | $868.3K | 23,526 | 0.2% | 25 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $781.0K | 6,465 | 0.2% | 25 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $776.8K | 10,739 | 0.2% | 7 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $750.6K | 7,545 | 0.1% | 25 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $685.4K | 1,197 | 0.1% | 15 |
| CAE INC | [CAE](https://holderbook.com/stocks/CAE/) | $595.7K | 23,483 | 0.1% | 13 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $567.1K | 6,215 | 0.1% | 25 |
| ISHARES INC | [EWC](https://holderbook.com/stocks/EWC/) | $523.5K | 12,991 | 0.1% | 19 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $514.2K | 3,550 | 0.1% | 17 |
| SOUTH BOW CORP | [SOBO](https://holderbook.com/stocks/SOBO/) | $511.4K | 22,422 | 0.1% | 1 |
| NUTRIEN LTD | [NTR](https://holderbook.com/stocks/NTR/) | $502.2K | 11,635 | 0.1% | 25 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $494.8K | 4,600 | 0.1% | 1 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $493.9K | 21,689 | 0.1% | 25 |
| FIVE9 INC | [FIVN](https://holderbook.com/stocks/FIVN/) | $492.8K | 12,125 | 0.1% | 2 |
| ASA GOLD AND PRECIOUS MTLS L | [ASA](https://holderbook.com/stocks/ASA/) | $483.8K | 23,925 | 0.1% | 25 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $478.4K | 2,165 | 0.1% | 5 |
| BROOKFIELD ASSET MANAGMT LTD | [BAM](https://holderbook.com/stocks/BAM/) | $471.5K | 8,702 | 0.1% | 9 |
| FORTIS INC | [FTS](https://holderbook.com/stocks/FTS/) | $471.2K | 11,351 | 0.1% | 25 |
| BROOKFIELD RENEWABLE ENERGY | [BEP](https://holderbook.com/stocks/BEP/) | $468.4K | 26,948 | 0.1% | 25 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $468.1K | 1,400 | 0.1% | 8 |
| STANLEY BLACK & DECKER INC | [SWK](https://holderbook.com/stocks/SWK/) | $465.7K | 5,800 | 0.1% | 7 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $452.5K | 22,570 | 0.1% | 8 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $442.0K | 3,908 | 0.1% | 8 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q4 2024 | -2.0% | +2.1% | -4.2% | 101% |
| Q3 2024 | +9.8% | +5.4% | +4.3% | 101% |
| Q2 2024 | -0.4% | +4.0% | -4.5% | 101% |
| Q1 2024 | +2.9% | +10.0% | -7.2% | 101% |
| Q4 2023 | +9.3% | +11.2% | -1.9% | 101% |
| Q3 2023 | -5.6% | -3.6% | -2.0% | 101% |
| Q2 2023 | +3.4% | +8.3% | -4.9% | 101% |
| Q1 2023 | +3.7% | +7.0% | -3.4% | 101% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2024 | $501.3M | 146 |
| Q3 2024 | $548.2M | 162 |
| Q2 2024 | $517.6M | 160 |
| Q1 2024 | $555.7M | 166 |
| Q4 2023 | $540.6M | 158 |
| Q3 2023 | $494.5M | 150 |
| Q2 2023 | $492.0M | 148 |
| Q1 2023 | $485.6M | 152 |
| Q4 2022 | $422.4M | 143 |
| Q3 2022 | $453.3M | 154 |
| Q2 2022 | $501.8M | 155 |
| Q1 2022 | $624.4M | 158 |