Lorne Steinberg Wealth Management Inc.

Q4 2025 13F-HR Holdings

Location
Montreal, Quebec, Z4
Holdings as of
12/31/2025
Date filed
1/27/2026
Form type
13F-HR
Num holdings
72
Total value ($000)
$434,857
Net value change ($000)
+19,889 (4.8%)
New positions
6
Sold out positions
4
Turnover %
4.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/31/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
UL 5,664 NEW
GOOGL 4,203 28.3%
RY 3,138 16.8%
KMB 2,498 NEW
TD 2,378 19.3%
CM 2,047 13.9%
CNI 1,630 20.8%
RCI 1,601 36.0%
VTRS 1,527 24.5%
BNS 1,320 11.8%
Top Reduces (Value $000, Stocks/ETFs)
Unilever PLC -5,785 -100.0%
KHC -2,824 -100.0%
HYG -2,106 -100.0%
JNK -1,226 -100.0%
TU -1,064 -18.2%
MSFT -1,004 -6.9%
META -1,001 -10.0%
SNN -887 -9.2%
OTEX -874 -12.1%
DEO -743 -13.3%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type