Lorne Steinberg Wealth Management Inc.
Long book
$422.1M
Q1 2026
Positions
68
Top-10 weight
33%
concentration
Last quarter
+14.7%
SPY +14.8%
Turnover
18%
of book per quarter
Strategy in plain words
auto-generated from filingsLorne Steinberg Wealth Management Inc. is an institutional manager, running a $422.1M US long book across 68 positions.
The portfolio is moderately concentrated (top 10 ≈ 33% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ROYAL BANK OF CANADA, ALPHABET INC-CL A, TORONTO-DOMINION BANK, CAN IMPERIAL BK OF COMMERCE, BANK OF MONTREAL.
Over the last 9 quarters its long book ran on average 0.1pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-2.6%
Q2 2024
+10.4%
Q3 2024
-0.0%
Q4 2024
-1.8%
Q1 2025
+11.0%
Q2 2025
+7.6%
Q3 2025
+5.0%
Q4 2025
-2.7%
Q1 2026
+14.7%
Sector allocation
Financials 39%
Technology 20%
Healthcare 7%
Industrials 7%
Consumer discretionary 6%
Other 4%
Communications 4%
Services media 4%
Long book by quarter
What does Lorne Steinberg own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| RY ROYAL BANK OF CANADA | Financials | 130.4K | $21.1M | 5.0% | +1.9% |
| GOOGL ALPHABET INC-CL A | Technology | 61.3K | $17.6M | 4.2% | +0.7% |
| TD TORONTO-DOMINION BANK | Financials | 158.5K | $14.8M | 3.5% | +1.8% |
| CM CAN IMPERIAL BK OF COMMERCE | Financials | 144.0K | $13.6M | 3.2% | -21.8% |
| BMO BANK OF MONTREAL | Financials | 100.7K | $13.6M | 3.2% | +2.1% |
| MSFT MICROSOFT CORP | Technology | 34.9K | $12.9M | 3.1% | +24.2% |
| TRP TC ENERGY CORP | Utilities | 203.4K | $12.7M | 3.0% | +1.5% |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 114.0K | $11.7M | 2.8% | +19.3% |
| JPM JPMORGAN CHASE & CO | Financials | 38.8K | $11.4M | 2.7% | +1.1% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 143.1K | $11.3M | 2.7% | +29.0% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 22.8K | $10.9M | 2.6% | -0.7% |
| ALL ALLSTATE CORP | Financials | 50.8K | $10.5M | 2.5% | -0.1% |
| EA ELECTRONIC ARTS INC | Technology | 49.4K | $10.1M | 2.4% | +0.3% |
| AXP AMERICAN EXPRESS CO | Financials | 32.5K | $9.8M | 2.3% | +0.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 46.7K | $9.7M | 2.3% | +2.2% |
| SLF SUN LIFE FINANCIAL INC | Financials | 153.8K | $9.6M | 2.3% | +20.9% |
| JNJ JOHNSON & JOHNSON | Healthcare | 37.9K | $9.3M | 2.2% | +1.8% |
| CTVA CORTEVA INC | Consumer staples | 107.9K | $9.0M | 2.1% | -0.6% |
| CSCO CISCO SYSTEMS INC | Technology | 111.0K | $8.6M | 2.0% | -0.3% |
| V VISA INC-CLASS A SHARES | Services media | 28.5K | $8.6M | 2.0% | +1.4% |
| GS GOLDMAN SACHS GROUP INC | Financials | 10.1K | $8.6M | 2.0% | -1.6% |
| VTRS VIATRIS INC | Healthcare | 624.0K | $8.4M | 2.0% | +0.1% |
| MS MORGAN STANLEY | Financials | 51.0K | $8.4M | 2.0% | -0.4% |
| NTR NUTRIEN LTD | Other | 109.5K | $8.3M | 2.0% | +1.3% |
| CVS CVS HEALTH CORP | Healthcare | 108.9K | $7.8M | 1.9% | -0.1% |
| BNS BANK OF NOVA SCOTIA | Financials | 112.5K | $7.8M | 1.8% | -33.7% |
| ADBE ADOBE INC | Technology | 32.0K | $7.8M | 1.8% | +114.0% |
| MFC MANULIFE FINANCIAL CORP | Financials | 217.2K | $7.5M | 1.8% | +1.3% |
| DIS WALT DISNEY CO/THE | Services media | 72.0K | $6.9M | 1.6% | +1.0% |
| BN BROOKFIELD CORP | Real estate | 160.9K | $6.5M | 1.5% | +1.2% |
| RCI ROGERS COMMUNICATIONS INC-B | Communications | 166.1K | $6.4M | 1.5% | +3.8% |
| SBUX STARBUCKS CORP | Consumer discretionary | 69.2K | $6.2M | 1.5% | +2.3% |
| META META PLATFORMS INC-CLASS A | Technology | 10.0K | $5.7M | 1.4% | -27.2% |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 115.6K | $5.6M | 1.3% | +1.9% |
| TU Telus Corp. | Communications | 383.4K | $4.9M | 1.2% | New |
| STT STATE STREET CORP | Financials | 38.9K | $4.9M | 1.2% | -0.4% |
| BCE BCE INC | Communications | 191.3K | $4.8M | 1.1% | +2.5% |
| OTEX OPEN TEXT CORP | Technology | 204.3K | $4.6M | 1.1% | +5.0% |
| AAPL APPLE INC | Technology | 16.7K | $4.2M | 1.0% | +0.8% |
| TSCO TRACTOR SUPPLY COMPANY | Consumer discretionary | 87.1K | $3.9M | 0.9% | 0.0% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 16.8K | $3.4M | 0.8% | +1.9% |
| KVUE KENVUE INC | Other | 191.4K | $3.3M | 0.8% | +0.9% |
| MIDD MIDDLEBY CORP | Industrials | 23.6K | $3.1M | 0.7% | -0.7% |
| MCD MCDONALD'S CORP | Consumer discretionary | 10.0K | $3.1M | 0.7% | +4.4% |
| KMB KIMBERLY-CLARK CORP | Other | 24.7K | $2.4M | 0.6% | -0.3% |
| NKE NIKE INC -CL B | Other | 36.6K | $1.9M | 0.5% | +3.1% |
| GOOG ALPHABET INC-CL C | Technology | 3.2K | $925K | 0.2% | Held |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 1 | $718K | 0.2% | Held |
| LLY ELI LILLY & CO | Healthcare | 629 | $579K | 0.1% | -13.7% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 479 | $477K | 0.1% | +1.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 8, 2026 | 68 | $422.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 27, 2026 | 72 | $434.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 31, 2025 | 70 | $415.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 30, 2025 | 70 | $382.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 17, 2025 | 70 | $343.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 31, 2025 | 70 | $344.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 25, 2024 | 69 | $345.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 18, 2024 | 68 | $310.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 69 | $320.3M | canonical | SEC ↗ |
Similar funds
MASSACHUSETTS FINANCIAL SERVICES CO /MA/JENNISON ASSOCIATES LLCNational Pension ServiceFIL LtdClearbridge Investments, LLCDZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am MainNORDEA INVESTMENT MANAGEMENT ABBoston PartnersSwedbank AB1832 Asset Management L.P. HARRIS ASSOCIATES L PLOOMIS SAYLES & CO L P