Q4 2025 · 13F-HR
Lorne Steinberg Wealth Management Inc.holdings as filed
Filed 2026-01-27 · accession 0001851362-26-000001
$434.9M
Reported value
72
Positions
2025-12-31
Period end
The Brief · Lorne Steinberg Wealth Management Inc. · Q4 2025
AI · grounded in 13F
Lorne Steinberg Wealth Management Inc. closed its position in Unilever PLC ADR with a negative delta of $5.79M. The fund established new positions in UL for $5.66M and KMB for $2.50M. Additionally, the fund exited positions in KHC and HYG, while increasing its holdings in TD and RY.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 780087102 | RY | Royal Bank of Canada | $21.8M | 5.02% | 127,924 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc. Class A | $19.1M | 4.38% | 60,895 | Common | SOLE |
| 136069101 | CM | Cdn Imperial Bank of Commerce | $16.7M | 3.85% | 184,192 | Common | SOLE |
| 891160509 | TD | Toronto Dominion Bank | $14.7M | 3.38% | 155,697 | Common | SOLE |
| 594918104 | MSFT | Microsoft Corp | $13.6M | 3.12% | 28,059 | Common | SOLE |
| 063671101 | BMO | Bank of Montreal | $12.8M | 2.95% | 98,630 | Common | SOLE |
| 064149107 | BNS | Bank of Nova Scotia | $12.5M | 2.88% | 169,702 | Common | SOLE |
| 46625H100 | JPM | JPMorgan Chase & Co | $12.4M | 2.84% | 38,356 | Common | SOLE |
| 025816109 | AXP | American Express Co. | $12.0M | 2.76% | 32,394 | Common | SOLE |
| 084670702 | BRK/B | Berkshire Hathaway B | $11.5M | 2.66% | 22,977 | Common | SOLE |
| 87807B107 | TRP | TC Energy Corp. | $11.0M | 2.54% | 200,314 | Common | SOLE |
| 020002101 | ALL | Allstate Corporation | $10.6M | 2.43% | 50,816 | Common | SOLE |
| 023135106 | AMZN | Amazon.Com Inc | $10.6M | 2.43% | 45,723 | Common | SOLE |
| 285512109 | EA | Electronic Arts Inc | $10.1M | 2.32% | 49,295 | Common | SOLE |
| 92826C839 | V | Visa Inc. | $9.8M | 2.26% | 28,074 | Common | SOLE |
| 136375102 | CNI | Cdn National Railway | $9.5M | 2.18% | 95,555 | Common | SOLE |
| 617446448 | MS | Morgan Stanley | $9.1M | 2.09% | 51,208 | Common | SOLE |
| 38141G104 | GS | Goldman Sachs | $9.1M | 2.08% | 10,306 | Common | SOLE |
| 30303M102 | META | Meta Platforms | $9.0M | 2.08% | 13,695 | Common | SOLE |
| 874039100 | TSM | Taiwan Semiconductor Mfg ADR | $9.0M | 2.07% | 29,553 | Common | SOLE |
| 83175M205 | SNN | Smith & Nephew PLC ADR | $8.7M | 2.00% | 265,320 | Common | SOLE |
| 126650100 | CVS | CVS Health Corporation | $8.6M | 1.99% | 108,924 | Common | SOLE |
| 17275R102 | CSCO | Cisco Systems Inc | $8.6M | 1.97% | 111,368 | Common | SOLE |
| 13646K108 | CP | Cdn Pacific KC Railway Ltd | $8.2M | 1.88% | 110,891 | Common | SOLE |
| 254687106 | DIS | Walt Disney Co. | $8.1M | 1.87% | 71,325 | Common | SOLE |
| 866796105 | SLF | Sun Life Financial Inc. | $7.9M | 1.83% | 127,168 | Common | SOLE |
| 56501R106 | MFC | Manulife Financial Corp | $7.8M | 1.79% | 214,368 | Common | SOLE |
| 92556V106 | VTRS | Viatris Inc | $7.8M | 1.78% | 623,116 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $7.7M | 1.77% | 37,174 | Common | SOLE |
| 11271J107 | BN | Brookfield Corp | $7.3M | 1.68% | 159,026 | Common | SOLE |
| 22052L104 | CTVA | Corteva Inc. | $7.3M | 1.67% | 108,555 | Common | SOLE |
| 67077M108 | NTR | Nutrien Ltd | $6.7M | 1.54% | 108,055 | Common | SOLE |
| 683715106 | OTEX | Open Text Corp | $6.3M | 1.46% | 194,613 | Common | SOLE |
| 775109200 | RCI | Rogers Communications | $6.0M | 1.39% | 160,009 | Common | SOLE |
| 855244109 | SBUX | Starbucks Corp | $5.7M | 1.31% | 67,706 | Common | SOLE |
| 904767803 | UL | Unilever PLC ADR | $5.7M | 1.30% | 86,608 | Common | SOLE |
| 00724F101 | ADBE | Adobe Systems Inc. | $5.2M | 1.20% | 14,947 | Common | SOLE |
| 075887109 | BDX | Becton Dickinson & Co | $5.2M | 1.20% | 26,803 | Common | SOLE |
| 857477103 | STT | State Street Corp | $5.0M | 1.16% | 39,045 | Common | SOLE |
| 25243Q205 | DEO | Diageo PLC ADR | $4.8M | 1.11% | 56,000 | Common | SOLE |
| 87971M103 | TU | Telus Corp | $4.8M | 1.10% | 363,257 | Common | SOLE |
| 037833100 | AAPL | Apple Inc. | $4.5M | 1.04% | 16,593 | Common | SOLE |
| 05534B760 | BCE | BCE Inc. | $4.5M | 1.02% | 186,577 | Common | SOLE |
| 892356106 | TSCO | Tractor Supply Co | $4.4M | 1.00% | 87,112 | Common | SOLE |
| 053015103 | ADP | Automatic Data Processing Inc. | $4.2M | 0.98% | 16,490 | Common | SOLE |
| 136385101 | CNQ | Cdn Natural Resources Ltd | $3.8M | 0.88% | 113,406 | Common | SOLE |
| 596278101 | MIDD | Middleby Corp | $3.5M | 0.81% | 23,795 | Common | SOLE |
| 49177J102 | KVUE | Kenvue Inc | $3.3M | 0.75% | 189,585 | Common | SOLE |
| 580135101 | MCD | McDonalds Corp | $2.9M | 0.67% | 9,601 | Common | SOLE |
| 494368103 | KMB | Kimberly Clark Corp | $2.5M | 0.57% | 24,755 | Common | SOLE |
| 654106103 | NKE | Nike Inc.Cl B | $2.3M | 0.52% | 35,441 | Common | SOLE |
| G5494J103 | — | Linde PLC | $2.3M | 0.52% | 5,295 | Common | SOLE |
| 464286392 | URTH | iShares MSCI World ETF | $1.3M | 0.30% | 6,911 | Common | SOLE |
| 02079K107 | GOOG | Alphabet Inc. Class C | $1.0M | 0.23% | 3,223 | Common | SOLE |
| 532457108 | LLY | Eli Lilly & Co | $783,441 | 0.18% | 729 | Common | SOLE |
| 084670108 | BRK/A | BERKSHIRE HATHAWAY CL A | $754,800 | 0.17% | 1 | Common | SOLE |
| 22160K105 | COST | Costco Wholesale Corp | $405,299 | 0.09% | 470 | Common | SOLE |
| 464286509 | EWC | iShares MSCI Canada ETF | $384,251 | 0.09% | 7,125 | Common | SOLE |
| 742718109 | PG | Procter and Gamble | $375,902 | 0.09% | 2,623 | Common | SOLE |
| 67066G104 | NVDA | NVidia | $337,938 | 0.08% | 1,812 | Common | SOLE |
| 58933Y105 | MRK | Merck & Company | $318,200 | 0.07% | 3,023 | Common | SOLE |
| 349553107 | FTS | Fortis Inc. | $300,882 | 0.07% | 5,779 | Common | SOLE |
| 456837103 | ING | ING Groep ADR | $287,000 | 0.07% | 10,250 | Common | SOLE |
| V7780T103 | RCL | Royal Caribbean Cruises | $278,920 | 0.06% | 1,000 | Common | SOLE |
| 931142103 | WMT | Wal Mart Stores | $278,079 | 0.06% | 2,496 | Common | SOLE |
| 464287465 | EFA | iShares MSCI EAFE ETF | $225,190 | 0.05% | 2,345 | Common | SOLE |
| 060505104 | BAC | Bank of America | $219,505 | 0.05% | 3,991 | Common | SOLE |
| 219350105 | GLW | Corning Inc. | $218,900 | 0.05% | 2,500 | Common | SOLE |
| 29250N105 | ENB | Enbridge Inc | $211,761 | 0.05% | 4,419 | Common | SOLE |
| 68389X105 | ORCL | Oracle Corp | $206,604 | 0.05% | 1,060 | Common | SOLE |
| 444859102 | HUM | Humana Inc. | $204,904 | 0.05% | 800 | Common | SOLE |
| 088606108 | BHP | BHP Billiton | $196,806 | 0.05% | 3,260 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.