Lorne Steinberg Wealth Management

MONTREAL, QUEBEC, Z4files as Lorne Steinberg Wealth Management Inc.

$487m in 72 US stocks at the end of 30 June 2026. The top 10 are 35.7% of the money. It changed about 8.3% of the portfolio this quarter.

Value

$487m

Stocks

Top 10 share

35.7%

Turnover

8.3%

What changed this quarter

New

Bought for the first time this quarter.

TelusTU
0.9% of the fund
LindeLIN
0.6% of the fund
ASML Holding NVASML
0.1% of the fund
HumanaHUM
<0.1% of the fund
BHP Billiton LimitedBHP
<0.1% of the fund
FortisFTS
<0.1% of the fund
CaterpillarCAT
<0.1% of the fund
Bank of AmericaBAC
<0.1% of the fund

Added

Bought more of a stock they already held.

Toronto Dominion BankTD
4.1% of the fund
+2%
Taiwan Semiconductor ManufacturingTSM
3.0% of the fund
+3%
Canadian National RailwayCNI
2.9% of the fund
+4%
TC EnergyTRP
2.8% of the fund
+3%
Canadian Pacific Kansas CityCP
2.8% of the fund
+9%
MicrosoftMSFT
2.8% of the fund
+3%
Sun Life FinancialSLF
2.7% of the fund
+9%
Amazon.comAMZN
2.5% of the fund
+11%
Goldman Sachs GroupGS
2.2% of the fund
+2%
Electronic ArtsEA
2.1% of the fund
+2%
Bank of Nova ScotiaBNS
2.1% of the fund
+4%
VisaV
2.1% of the fund
+3%
Johnson & JohnsonJNJ
2.0% of the fund
+2%
Manulife FinancialMFC
1.8% of the fund
+2%
Smith & NephewSNN
1.6% of the fund
+3%
BrookfieldBN
1.6% of the fund
+12%
StarbucksSBUX
1.5% of the fund
+3%
NutrienNTR
1.5% of the fund
+4%
Walt DisneyDIS
1.5% of the fund
+3%
AdobeADBE
1.4% of the fund
+4%
State StreetSTT
1.4% of the fund
+2%
Meta PlatformsMETA
1.2% of the fund
+2%
Rogers CommunicationsRCI
1.2% of the fund
+4%
McDonald'sMCD
1.1% of the fund
+104%
UnileverUL
1.1% of the fund
+3%

Cut

Sold some of their stake.

ViatrisVTRS
1.2% of the fund
-43%
AppleAAPL
1.0% of the fund
-2%
Ishares TRHYG
0.2% of the fund
-59%
IsharesEWC
0.1% of the fund
-4%
Spdr Series TrustJNK
<0.1% of the fund
-73%

Sold out

Sold their entire stake.

Telus
-100%
MiddlebyMIDD
-100%
EnbridgeENB
-100%
Suncor EnergySU
-100%

Holdings

Royal Bank of CanadaRY
Share
5.6%
Value
$27m
Shares
132,522
Held
AlphabetGOOGL
Share
4.6%
Value
$22m
Shares
62,224
Held
Toronto Dominion BankTD
Share
4.1%
Value
$20m
Shares
162,268
+2%
Bank of Montreal /canBMO
Share
3.7%
Value
$18m
Shares
101,991
Held
Canadian Imperial Bank of Commerce /canCM
Share
3.5%
Value
$17m
Shares
146,592
Held
Taiwan Semiconductor ManufacturingTSM
Share
3.0%
Value
$15m
Shares
30,414
+3%
Canadian National RailwayCNI
Share
2.9%
Value
$14m
Shares
118,480
+4%
TC EnergyTRP
Share
2.8%
Value
$14m
Shares
209,505
+3%
Canadian Pacific Kansas CityCP
Share
2.8%
Value
$13m
Shares
155,599
+9%
MicrosoftMSFT
Share
2.8%
Value
$13m
Shares
35,992
+3%
Cisco SystemsCSCO
Share
2.7%
Value
$13m
Shares
111,793
Held
Sun Life FinancialSLF
Share
2.7%
Value
$13m
Shares
166,933
+9%
JPMorgan ChaseJPM
Share
2.7%
Value
$13m
Shares
39,408
Held
Amazon.comAMZN
Share
2.5%
Value
$12m
Shares
51,701
+11%
AllstateALL
Share
2.5%
Value
$12m
Shares
51,440
Held
Berkshire HathawayBRK-B
Share
2.4%
Value
$12m
Shares
23,177
Held
CVS HealthCVS
Share
2.4%
Value
$11m
Shares
110,860
Held
American ExpressAXP
Share
2.3%
Value
$11m
Shares
33,084
Held
Morgan StanleyMS
Share
2.2%
Value
$11m
Shares
51,656
Held
Goldman Sachs GroupGS
Share
2.2%
Value
$10m
Shares
10,348
+2%
Electronic ArtsEA
Share
2.1%
Value
$10m
Shares
50,645
+2%
Bank of Nova ScotiaBNS
Share
2.1%
Value
$10m
Shares
116,512
+4%
VisaV
Share
2.1%
Value
$10m
Shares
29,287
+3%
Johnson & JohnsonJNJ
Share
2.0%
Value
$10m
Shares
38,677
+2%
CortevaCTVA
Share
1.9%
Value
$9m
Shares
109,725
Held
Manulife FinancialMFC
Share
1.8%
Value
$9m
Shares
221,755
+2%
Smith & NephewSNN
Share
1.6%
Value
$8m
Shares
274,176
+3%
BrookfieldBN
Share
1.6%
Value
$8m
Shares
180,569
+12%
StarbucksSBUX
Share
1.5%
Value
$7m
Shares
71,038
+3%
NutrienNTR
Share
1.5%
Value
$7m
Shares
113,848
+4%
Walt DisneyDIS
Share
1.5%
Value
$7m
Shares
73,934
+3%
AdobeADBE
Share
1.4%
Value
$7m
Shares
33,200
+4%
State StreetSTT
Share
1.4%
Value
$7m
Shares
39,695
+2%
Meta PlatformsMETA
Share
1.2%
Value
$6m
Shares
10,190
+2%
Rogers CommunicationsRCI
Share
1.2%
Value
$6m
Shares
172,908
+4%
ViatrisVTRS
Share
1.2%
Value
$6m
Shares
353,971
-43%
McDonald'sMCD
Share
1.1%
Value
$6m
Shares
20,470
+104%
UnileverUL
Share
1.1%
Value
$5m
Shares
88,776
+3%
DiageoDEO
Share
1.0%
Value
$5m
Shares
59,275
+3%
Canadian Natural ResourcesCNQ
Share
1.0%
Value
$5m
Shares
120,238
+4%
Open TextOTEX
Share
1.0%
Value
$5m
Shares
214,033
+5%
AppleAAPL
Share
1.0%
Value
$5m
Shares
16,357
-2%
BCEBCE
Share
0.9%
Value
$4m
Shares
196,535
+3%
TelusTU
Share
0.9%
Value
$4m
Shares
393,951
New
Automatic Data ProcessingADP
Share
0.8%
Value
$4m
Shares
17,369
+3%
KenvueKVUE
Share
0.8%
Value
$4m
Shares
197,165
+3%
LindeLIN
Share
0.6%
Value
$3m
Shares
5,820
New
Tractor SupplyTSCO
Share
0.6%
Value
$3m
Shares
89,342
+3%
Kimberly-ClarkKMB
Share
0.6%
Value
$3m
Shares
25,648
+4%
NikeNKE
Share
0.3%
Value
$2m
Shares
37,601
+3%
IsharesURTH
Share
0.3%
Value
$1m
Shares
7,337
+11%
AlphabetGOOG
Share
0.2%
Value
$1m
Shares
3,223
Held
Ishares TRHYG
Share
0.2%
Value
$816,893
Shares
10,215
-59%
Eli LillyLLY
Share
0.2%
Value
$754,441
Shares
629
Held
Berkshire Hathaway INC DELBRK-A
Share
0.2%
Value
$748,850
Shares
1
Held
CorningGLW
Share
0.1%
Value
$638,575
Shares
2,500
Held
IsharesEWC
Share
0.1%
Value
$598,187
Shares
10,378
-4%
ASML Holding NVASML
Share
0.1%
Value
$493,381
Shares
248
New
Costco WholesaleCOST
Share
<0.1%
Value
$468,670
Shares
501
+5%
WalmartWMT
Share
<0.1%
Value
$423,139
Shares
3,736
+16%
MerckMRK
Share
<0.1%
Value
$388,455
Shares
3,023
Held
NvidiaNVDA
Share
<0.1%
Value
$358,561
Shares
1,792
+19%
AmgenAMGN
Share
<0.1%
Value
$334,961
Shares
925
Held
Spdr Series TrustJNK
Share
<0.1%
Value
$331,512
Shares
3,440
-73%
ING Groep NVING
Share
<0.1%
Value
$321,645
Shares
10,250
Held
HumanaHUM
Share
<0.1%
Value
$317,776
Shares
800
New
Royal Caribbean CruisesRCL
Share
<0.1%
Value
$317,530
Shares
1,000
Held
Procter & GamblePG
Share
<0.1%
Value
$309,263
Shares
2,109
Held
BHP Billiton LimitedBHP
Share
<0.1%
Value
$278,172
Shares
3,339
New
FortisFTS
Share
<0.1%
Value
$266,614
Shares
4,656
New
CaterpillarCAT
Share
<0.1%
Value
$266,225
Shares
250
New
Bank of AmericaBAC
Share
<0.1%
Value
$207,464
Shares
3,641
New

Company	Share of fund	Value	Shares	Change
Royal Bank of CanadaRY	5.6%	$27m	132,522	Held
AlphabetGOOGL	4.6%	$22m	62,224	Held
Toronto Dominion BankTD	4.1%	$20m	162,268	+2%
Bank of Montreal /canBMO	3.7%	$18m	101,991	Held
Canadian Imperial Bank of Commerce /canCM	3.5%	$17m	146,592	Held
Taiwan Semiconductor ManufacturingTSM	3.0%	$15m	30,414	+3%
Canadian National RailwayCNI	2.9%	$14m	118,480	+4%
TC EnergyTRP	2.8%	$14m	209,505	+3%
Canadian Pacific Kansas CityCP	2.8%	$13m	155,599	+9%
MicrosoftMSFT	2.8%	$13m	35,992	+3%
Cisco SystemsCSCO	2.7%	$13m	111,793	Held
Sun Life FinancialSLF	2.7%	$13m	166,933	+9%
JPMorgan ChaseJPM	2.7%	$13m	39,408	Held
Amazon.comAMZN	2.5%	$12m	51,701	+11%
AllstateALL	2.5%	$12m	51,440	Held
Berkshire HathawayBRK-B	2.4%	$12m	23,177	Held
CVS HealthCVS	2.4%	$11m	110,860	Held
American ExpressAXP	2.3%	$11m	33,084	Held
Morgan StanleyMS	2.2%	$11m	51,656	Held
Goldman Sachs GroupGS	2.2%	$10m	10,348	+2%
Electronic ArtsEA	2.1%	$10m	50,645	+2%
Bank of Nova ScotiaBNS	2.1%	$10m	116,512	+4%
VisaV	2.1%	$10m	29,287	+3%
Johnson & JohnsonJNJ	2.0%	$10m	38,677	+2%
CortevaCTVA	1.9%	$9m	109,725	Held
Manulife FinancialMFC	1.8%	$9m	221,755	+2%
Smith & NephewSNN	1.6%	$8m	274,176	+3%
BrookfieldBN	1.6%	$8m	180,569	+12%
StarbucksSBUX	1.5%	$7m	71,038	+3%
NutrienNTR	1.5%	$7m	113,848	+4%
Walt DisneyDIS	1.5%	$7m	73,934	+3%
AdobeADBE	1.4%	$7m	33,200	+4%
State StreetSTT	1.4%	$7m	39,695	+2%
Meta PlatformsMETA	1.2%	$6m	10,190	+2%
Rogers CommunicationsRCI	1.2%	$6m	172,908	+4%
ViatrisVTRS	1.2%	$6m	353,971	-43%
McDonald'sMCD	1.1%	$6m	20,470	+104%
UnileverUL	1.1%	$5m	88,776	+3%
DiageoDEO	1.0%	$5m	59,275	+3%
Canadian Natural ResourcesCNQ	1.0%	$5m	120,238	+4%
Open TextOTEX	1.0%	$5m	214,033	+5%
AppleAAPL	1.0%	$5m	16,357	-2%
BCEBCE	0.9%	$4m	196,535	+3%
TelusTU	0.9%	$4m	393,951	New
Automatic Data ProcessingADP	0.8%	$4m	17,369	+3%
KenvueKVUE	0.8%	$4m	197,165	+3%
LindeLIN	0.6%	$3m	5,820	New
Tractor SupplyTSCO	0.6%	$3m	89,342	+3%
Kimberly-ClarkKMB	0.6%	$3m	25,648	+4%
NikeNKE	0.3%	$2m	37,601	+3%
IsharesURTH	0.3%	$1m	7,337	+11%
AlphabetGOOG	0.2%	$1m	3,223	Held
Ishares TRHYG	0.2%	$816,893	10,215	-59%
Eli LillyLLY	0.2%	$754,441	629	Held
Berkshire Hathaway INC DELBRK-A	0.2%	$748,850	1	Held
CorningGLW	0.1%	$638,575	2,500	Held
IsharesEWC	0.1%	$598,187	10,378	-4%
ASML Holding NVASML	0.1%	$493,381	248	New
Costco WholesaleCOST	<0.1%	$468,670	501	+5%
WalmartWMT	<0.1%	$423,139	3,736	+16%
MerckMRK	<0.1%	$388,455	3,023	Held
NvidiaNVDA	<0.1%	$358,561	1,792	+19%
AmgenAMGN	<0.1%	$334,961	925	Held
Spdr Series TrustJNK	<0.1%	$331,512	3,440	-73%
ING Groep NVING	<0.1%	$321,645	10,250	Held
HumanaHUM	<0.1%	$317,776	800	New
Royal Caribbean CruisesRCL	<0.1%	$317,530	1,000	Held
Procter & GamblePG	<0.1%	$309,263	2,109	Held
BHP Billiton LimitedBHP	<0.1%	$278,172	3,339	New
FortisFTS	<0.1%	$266,614	4,656	New
CaterpillarCAT	<0.1%	$266,225	250	New
Bank of AmericaBAC	<0.1%	$207,464	3,641	New

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 27.1% since 30 June 2025.

Where the money is

Financial services41.3%

Technology14.1%

Media & telecom10.3%

Health care7.5%

Industrials6.6%

Retail & consumer6.1%

Materials4.0%

Utilities2.9%

Everyday goods2.6%

Real estate1.6%

Energy1.0%

Other2.0%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.