# Lorne Steinberg Wealth Management Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1851362. Source: https://holderbook.com/funds/1851362-lorne-steinberg-wealth-management-inc/

- Reported value: $486.6M
- Positions: 72
- Weight of the ten largest: 35.7%
- Filed: 2026-07-28

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 |
|---|---|---|---|---|---|
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $27.4M | 132,522 | 5.6% | 23 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $22.2M | 62,224 | 4.6% | 17 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $19.7M | 162,268 | 4.1% | 23 |
| BANK MONTREAL MEDIUM | [BMO](https://holderbook.com/stocks/BMO/) | $18.0M | 101,991 | 3.7% | 23 |
| CANADIAN IMPERIAL BANK OF CO | [CM](https://holderbook.com/stocks/CM/) | $16.9M | 146,592 | 3.5% | 23 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $14.5M | 30,414 | 3.0% | 21 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $14.1M | 118,480 | 2.9% | 23 |
| TC ENERGY CORP | [TRP](https://holderbook.com/stocks/TRP/) | $13.9M | 209,505 | 2.8% | 23 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $13.5M | 155,599 | 2.8% | 13 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $13.4M | 35,992 | 2.8% | 23 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $13.1M | 111,793 | 2.7% | 23 |
| SUN LIFE FINANCIAL INC. | [SLF](https://holderbook.com/stocks/SLF/) | $13.1M | 166,933 | 2.7% | 23 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $12.9M | 39,408 | 2.7% | 23 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $12.3M | 51,701 | 2.5% | 21 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $12.2M | 51,440 | 2.5% | 9 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $11.6M | 23,177 | 2.4% | 23 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $11.5M | 110,860 | 2.4% | 23 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $11.2M | 33,084 | 2.3% | 23 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $10.8M | 51,656 | 2.2% | 23 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $10.5M | 10,348 | 2.2% | 23 |
| ELECTRONIC ARTS INC | [EA](https://holderbook.com/stocks/EA/) | $10.4M | 50,645 | 2.1% | 23 |
| BANK NOVA SCOTIA B C | [BNS](https://holderbook.com/stocks/BNS/) | $10.1M | 116,512 | 2.1% | 23 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $10.0M | 29,287 | 2.1% | 23 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $9.8M | 38,677 | 2.0% | 23 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $9.3M | 109,725 | 1.9% | 23 |
| MANULIFE FINL CORP | [MFC](https://holderbook.com/stocks/MFC/) | $9.0M | 221,755 | 1.8% | 23 |
| SMITH & NEPHEW PLC | [SNN](https://holderbook.com/stocks/SNN/) | $7.9M | 274,176 | 1.6% | 16 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $7.7M | 180,569 | 1.6% | 11 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $7.3M | 71,038 | 1.5% | 10 |
| NUTRIEN LTD | [NTR](https://holderbook.com/stocks/NTR/) | $7.2M | 113,848 | 1.5% | 23 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $7.1M | 73,934 | 1.5% | 23 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $6.8M | 33,200 | 1.4% | 17 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $6.7M | 39,695 | 1.4% | 16 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $5.7M | 10,190 | 1.2% | 19 |
| ROGERS COMMUNICATIONS INC | [RCI](https://holderbook.com/stocks/RCI/) | $5.6M | 172,908 | 1.2% | 18 |
| VIATRIS INC | [VTRS](https://holderbook.com/stocks/VTRS/) | $5.6M | 353,971 | 1.2% | 23 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $5.5M | 20,470 | 1.1% | 23 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $5.3M | 88,776 | 1.1% | 3 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $4.8M | 59,275 | 1.0% | 23 |
| CANADIAN NAT RES LTD MED TER | [CNQ](https://holderbook.com/stocks/CNQ/) | $4.8M | 120,238 | 1.0% | 14 |
| OPEN TEXT CORP | [OTEX](https://holderbook.com/stocks/OTEX/) | $4.7M | 214,033 | 1.0% | 21 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $4.7M | 16,357 | 1.0% | 23 |
| BCE INC | [BCE](https://holderbook.com/stocks/BCE/) | $4.2M | 196,535 | 0.9% | 23 |
| TELUS CORPORATION | [TU](https://holderbook.com/stocks/TU/) | $4.2M | 393,951 | 0.9% | 1 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $3.9M | 17,369 | 0.8% | 8 |
| KENVUE INC | [KVUE](https://holderbook.com/stocks/KVUE/) | $3.8M | 197,165 | 0.8% | 12 |
| LINDE PLC | [LINXXXX](https://holderbook.com/stocks/LINXXXX/) | $3.0M | 5,820 | 0.6% | 1 |
| TRACTOR SUPPLY CO | [TSCO](https://holderbook.com/stocks/TSCO/) | $2.8M | 89,342 | 0.6% | 23 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $2.8M | 25,648 | 0.6% | 3 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $1.5M | 37,601 | 0.3% | 11 |
| ISHARES INC | [URTH](https://holderbook.com/stocks/URTH/) | $1.5M | 7,337 | 0.3% | 23 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.1M | 3,223 | 0.2% | 15 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $816.9K | 10,215 | 0.2% | 2 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $754.4K | 629 | 0.2% | 15 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $748.9K | 1 | 0.2% | 21 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $638.6K | 2,500 | 0.1% | 4 |
| ISHARES INC | [EWC](https://holderbook.com/stocks/EWC/) | $598.2K | 10,378 | 0.1% | 4 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $493.4K | 248 | 0.1% | 1 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $468.7K | 501 | 0.1% | 11 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $423.1K | 3,736 | 0.1% | 7 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $388.5K | 3,023 | 0.1% | 23 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $358.6K | 1,792 | 0.1% | 11 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $335.0K | 925 | 0.1% | 2 |
| SPDR SERIES TRUST | [JNK](https://holderbook.com/stocks/JNK/) | $331.5K | 3,440 | 0.1% | 2 |
| ING GROEP N.V. | [ING](https://holderbook.com/stocks/ING/) | $321.6K | 10,250 | 0.1% | 6 |
| HUMANA INC | [HUM](https://holderbook.com/stocks/HUM/) | $317.8K | 800 | 0.1% | 1 |
| ROYAL CARIBBEAN GROUP | [RCL](https://holderbook.com/stocks/RCL/) | $317.5K | 1,000 | 0.1% | 7 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $309.3K | 2,109 | 0.1% | 23 |
| BHP BILLITON LIMITED | [BHP](https://holderbook.com/stocks/BHP/) | $278.2K | 3,339 | 0.1% | 1 |
| FORTIS INC | [FTS](https://holderbook.com/stocks/FTS/) | $266.6K | 4,656 | 0.1% | 1 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $266.2K | 250 | 0.1% | 1 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $207.5K | 3,641 | 0.0% | 1 |

## 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 |
|---|---|---|---|---|
| Q2 2026 | +13.2% | +14.8% | -1.6% | 99% |
| Q1 2026 | -3.3% | -4.6% | +1.3% | 100% |
| Q4 2025 | +4.6% | +2.4% | +2.3% | 100% |
| Q3 2025 | +7.1% | +7.8% | -0.8% | 98% |
| Q2 2025 | +10.1% | +10.5% | -0.3% | 99% |
| Q1 2025 | -2.4% | -4.6% | +2.1% | 99% |
| Q4 2024 | -0.6% | +2.1% | -2.7% | 99% |
| Q3 2024 | +9.7% | +5.4% | +4.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $486.6M | 72 |
| Q1 2026 | $422.1M | 68 |
| Q4 2025 | $434.9M | 72 |
| Q3 2025 | $415.0M | 70 |
| Q2 2025 | $382.9M | 70 |
| Q1 2025 | $343.1M | 70 |
| Q4 2024 | $344.9M | 70 |
| Q3 2024 | $345.9M | 69 |
| Q2 2024 | $310.7M | 68 |
| Q1 2024 | $320.3M | 69 |
| Q4 2023 | $297.7M | 73 |
| Q3 2023 | $259.8M | 69 |