Lorne Steinberg Wealth Management Inc. Diversified Active

CIK: 0001851362 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 27, 2026

Total Value ($000): $434,857 (100.0% shares, 0.0% debt)

Holdings (72)

New Positions (6)

UL Unilever PLC ADR 1.3%

Value ($000) $5,664 Shares 86,608 Est. Cost $65.40 Unrealized —

KMB Kimberly Clark Corp 0.6%

Value ($000) $2,498 Shares 24,755 Est. Cost $108.41 Unrealized 0.0%

FTS Fortis Inc. 0.1%

Value ($000) $301 Shares 5,779 Est. Cost $50.83 Unrealized 0.0%

EFA iShares MSCI EAFE ETF 0.1%

Value ($000) $225 Shares 2,345 Est. Cost $96.03 Unrealized —

BAC Bank of America 0.1%

Value ($000) $220 Shares 3,991 Est. Cost $52.67 Unrealized 0.0%

BHP BHP Billiton 0.0%

Value ($000) $197 Shares 3,260 Est. Cost $60.37 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UL	Unilever PLC ADR	86,608	$5,664	1.3%	$65.40	—	SPONSORED ADR	904767803
KMB	Kimberly Clark Corp	24,755	$2,498	0.6%	$108.41	0.0%	COM	494368103
FTS	Fortis Inc.	5,779	$301	0.1%	$50.83	0.0%	COM	349553107
EFA	iShares MSCI EAFE ETF	2,345	$225	0.1%	$96.03	—	ETF	464287465
BAC	Bank of America	3,991	$220	0.1%	$52.67	0.0%	COM	060505104
BHP	BHP Billiton	3,260	$197	0.0%	$60.37	—	COM	088606108

Increased Positions (16)

TD Toronto Dominion Bank 3.4%

Value ($000) $14,695 (+19.3%) Shares 155,697 (+1.0%) Est. Cost $57.75 Unrealized +46.2%

CNI Cdn National Railway 2.2%

Value ($000) $9,464 (+20.8%) Shares 95,555 (+15.0%) Est. Cost $102.16 Unrealized -5.9%

RCI Rogers Communications 1.4%

Value ($000) $6,048 (+36.0%) Shares 160,009 (+23.8%) Est. Cost $41.94 Unrealized -10.6%

SLF Sun Life Financial Inc. 1.8%

Value ($000) $7,949 (+12.4%) Shares 127,168 (+7.9%) Est. Cost $49.34 Unrealized +22.5%

TRP TC Energy Corp. 2.5%

Value ($000) $11,046 (+8.1%) Shares 200,314 (+6.6%) Est. Cost $37.10 Unrealized +43.8%

CNQ Cdn Natural Resources Ltd 0.9%

Value ($000) $3,847 (+9.2%) Shares 113,406 (+2.9%) Est. Cost $30.01 Unrealized +8.0%

URTH iShares MSCI World ETF 0.3%

Value ($000) $1,284 (+28.7%) Shares 6,911 (+25.8%) Est. Cost $160.07 Unrealized —

LLY Eli Lilly & Co 0.2%

Value ($000) $783 (+43.6%) Shares 729 (+2.0%) Est. Cost $582.42 Unrealized +64.1%

BN Brookfield Corp 1.7%

Value ($000) $7,312 (+2.4%) Shares 159,026 (+52.7%) Est. Cost $30.13 Unrealized +51.2%

EWC iShares MSCI Canada ETF 0.1%

Value ($000) $384 (+66.0%) Shares 7,125 (+55.6%) Est. Cost $51.76 Unrealized —

BMO Bank of Montreal 2.9%

Value ($000) $12,827 (+1.1%) Shares 98,630 (+1.3%) Est. Cost $84.10 Unrealized +50.6%

CP Cdn Pacific KC Railway Ltd 1.9%

Value ($000) $8,176 (+0.8%) Shares 110,891 (+1.8%) Est. Cost $76.80 Unrealized -4.2%

WMT Wal Mart Stores 0.1%

Value ($000) $278 (+14.9%) Shares 2,496 (+6.3%) Est. Cost $87.06 Unrealized +23.1%

COST Costco Wholesale Corp 0.1%

Value ($000) $405 (-4.0%) Shares 470 (+3.1%) Est. Cost $698.42 Unrealized +29.7%

PG Procter and Gamble 0.1%

Value ($000) $376 (-4.2%) Shares 2,623 (+2.7%) Est. Cost $128.83 Unrealized +14.2%

ENB Enbridge Inc 0.0%

Value ($000) $212 (-2.4%) Shares 4,419 (+2.8%) Est. Cost $46.15 Unrealized +2.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TD	Toronto Dominion Bank	155,697 (+1.0%)	$14,695 (+19.3%)	3.4%	$57.75	+46.2%	COM	891160509
CNI	Cdn National Railway	95,555 (+15.0%)	$9,464 (+20.8%)	2.2%	$102.16	-5.9%	COM	136375102
RCI	Rogers Communications	160,009 (+23.8%)	$6,048 (+36.0%)	1.4%	$41.94	-10.6%	COM	775109200
SLF	Sun Life Financial Inc.	127,168 (+7.9%)	$7,949 (+12.4%)	1.8%	$49.34	+22.5%	COM	866796105
TRP	TC Energy Corp.	200,314 (+6.6%)	$11,046 (+8.1%)	2.5%	$37.10	+43.8%	COM	87807B107
CNQ	Cdn Natural Resources Ltd	113,406 (+2.9%)	$3,847 (+9.2%)	0.9%	$30.01	+8.0%	COM	136385101
URTH	iShares MSCI World ETF	6,911 (+25.8%)	$1,284 (+28.7%)	0.3%	$160.07	—	ETF	464286392
LLY	Eli Lilly & Co	729 (+2.0%)	$783 (+43.6%)	0.2%	$582.42	+64.1%	COM	532457108
BN	Brookfield Corp	159,026 (+52.7%)	$7,312 (+2.4%)	1.7%	$30.13	+51.2%	COM	11271J107
EWC	iShares MSCI Canada ETF	7,125 (+55.6%)	$384 (+66.0%)	0.1%	$51.76	—	ETF	464286509
BMO	Bank of Montreal	98,630 (+1.3%)	$12,827 (+1.1%)	2.9%	$84.10	+50.6%	COM	063671101
CP	Cdn Pacific KC Railway Ltd	110,891 (+1.8%)	$8,176 (+0.8%)	1.9%	$76.80	-4.2%	COM	13646K108
WMT	Wal Mart Stores	2,496 (+6.3%)	$278 (+14.9%)	0.1%	$87.06	+23.1%	COM	931142103
COST	Costco Wholesale Corp	470 (+3.1%)	$405 (-4.0%)	0.1%	$698.42	+29.7%	COM	22160K105
PG	Procter and Gamble	2,623 (+2.7%)	$376 (-4.2%)	0.1%	$128.83	+14.2%	COM	742718109
ENB	Enbridge Inc	4,419 (+2.8%)	$212 (-2.4%)	0.0%	$46.15	+2.1%	COM	29250N105

Exited Positions (4)

— Unilever PLC ADR 1.3%

Value ($000) $5,785 Shares 97,596 Est. Cost $59.95 Unrealized —

KHC Kraft Heinz Company 0.6%

Value ($000) $2,824 Shares 108,460 Est. Cost $32.65 Unrealized -24.6%

HYG iShares iBoxx $ High Yield Corporate Bond ETF 0.5%

Value ($000) $2,106 Shares 25,940 Est. Cost $75.90 Unrealized —

JNK SPDR Bloomberg Barclays High Yield Bond ETF 0.3%

Value ($000) $1,226 Shares 12,510 Est. Cost $93.17 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	Unilever PLC ADR	97,596	$5,785	1.3%	$59.95	—	—	904767704
KHC	Kraft Heinz Company	108,460	$2,824	0.6%	$32.65	-24.6%	—	500754106
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	25,940	$2,106	0.5%	$75.90	—	—	464288513
JNK	SPDR Bloomberg Barclays High Yield Bond ETF	12,510	$1,226	0.3%	$93.17	—	—	78468R622

Decreased Positions (10)

VTRS Viatris Inc 1.8%

Value ($000) $7,758 (+24.5%) Shares 623,116 (-1.0%) Est. Cost $12.17 Unrealized -11.9%

BNS Bank of Nova Scotia 2.9%

Value ($000) $12,534 (+11.8%) Shares 169,702 (-2.2%) Est. Cost $45.40 Unrealized +49.7%

TU Telus Corp 1.1%

Value ($000) $4,794 (-18.2%) Shares 363,257 (-2.4%) Est. Cost $16.22 Unrealized -13.2%

DEO Diageo PLC ADR 1.1%

Value ($000) $4,831 (-13.3%) Shares 56,000 (-4.1%) Est. Cost $148.34 Unrealized —

ADP Automatic Data Processing Inc. 1.0%

Value ($000) $4,242 (-13.4%) Shares 16,490 (-1.2%) Est. Cost $275.44 Unrealized -3.9%

— Linde PLC 0.5%

Value ($000) $2,258 (-14.4%) Shares 5,295 (-4.6%) Est. Cost $475.00 Unrealized —

NKE Nike Inc.Cl B 0.5%

Value ($000) $2,258 (-11.5%) Shares 35,441 (-3.1%) Est. Cost $96.15 Unrealized -32.5%

SBUX Starbucks Corp 1.3%

Value ($000) $5,702 (-4.3%) Shares 67,706 (-3.8%) Est. Cost $87.23 Unrealized -3.6%

NVDA NVidia 0.1%

Value ($000) $338 (-31.4%) Shares 1,812 (-31.4%) Est. Cost $103.81 Unrealized +79.3%

BDX Becton Dickinson & Co 1.2%

Value ($000) $5,202 (+1.0%) Shares 26,803 (-2.6%) Est. Cost $220.66 Unrealized -14.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VTRS	Viatris Inc	623,116 (-1.0%)	$7,758 (+24.5%)	1.8%	$12.17	-11.9%	COM NEW	92556V106
BNS	Bank of Nova Scotia	169,702 (-2.2%)	$12,534 (+11.8%)	2.9%	$45.40	+49.7%	COM	064149107
TU	Telus Corp	363,257 (-2.4%)	$4,794 (-18.2%)	1.1%	$16.22	-13.2%	COM	87971M103
DEO	Diageo PLC ADR	56,000 (-4.1%)	$4,831 (-13.3%)	1.1%	$148.34	—	SPONSORED ADR	25243Q205
ADP	Automatic Data Processing Inc.	16,490 (-1.2%)	$4,242 (-13.4%)	1.0%	$275.44	-3.9%	COM	053015103
—	Linde PLC	5,295 (-4.6%)	$2,258 (-14.4%)	0.5%	$475.00	—	COM	G5494J103
NKE	Nike Inc.Cl B	35,441 (-3.1%)	$2,258 (-11.5%)	0.5%	$96.15	-32.5%	COM	654106103
SBUX	Starbucks Corp	67,706 (-3.8%)	$5,702 (-4.3%)	1.3%	$87.23	-3.6%	COM	855244109
NVDA	NVidia	1,812 (-31.4%)	$338 (-31.4%)	0.1%	$103.81	+79.3%	COM	67066G104
BDX	Becton Dickinson & Co	26,803 (-2.6%)	$5,202 (+1.0%)	1.2%	$220.66	-14.1%	COM	075887109

Unchanged Positions (40)

GOOGL Alphabet Inc. Class A 4.4%

Value ($000) $19,060 Shares 60,895 Est. Cost $110.21 Unrealized +159.1%

RY Royal Bank of Canada 5.0%

Value ($000) $21,839 Shares 127,924 Est. Cost $90.94 Unrealized +68.9%

CM Cdn Imperial Bank of Commerce 3.8%

Value ($000) $16,722 Shares 184,192 Est. Cost $43.41 Unrealized +97.7%

AXP American Express Co. 2.8%

Value ($000) $11,984 Shares 32,394 Est. Cost $107.34 Unrealized +232.6%

MFC Manulife Financial Corp 1.8%

Value ($000) $7,795 Shares 214,368 Est. Cost $17.97 Unrealized +88.9%

MSFT Microsoft Corp 3.1%

Value ($000) $13,570 Shares 28,059 Est. Cost $216.49 Unrealized +131.2%

META Meta Platforms 2.1%

Value ($000) $9,040 Shares 13,695 Est. Cost $290.02 Unrealized +130.1%

MS Morgan Stanley 2.1%

Value ($000) $9,091 Shares 51,208 Est. Cost $49.23 Unrealized +238.1%

CSCO Cisco Systems Inc 2.0%

Value ($000) $8,579 Shares 111,368 Est. Cost $35.53 Unrealized +107.7%

SNN Smith & Nephew PLC ADR 2.0%

Value ($000) $8,705 Shares 265,320 Est. Cost $25.49 Unrealized —

OTEX Open Text Corp 1.5%

Value ($000) $6,347 Shares 194,613 Est. Cost $34.81 Unrealized +1.8%

GS Goldman Sachs 2.1%

Value ($000) $9,059 Shares 10,306 Est. Cost $247.13 Unrealized +229.1%

JNJ Johnson & Johnson 1.8%

Value ($000) $7,693 Shares 37,174 Est. Cost $144.81 Unrealized +36.0%

TSM Taiwan Semiconductor Mfg ADR 2.1%

Value ($000) $8,981 Shares 29,553 Est. Cost $117.93 Unrealized —

TSCO Tractor Supply Co 1.0%

Value ($000) $4,356 Shares 87,112 Est. Cost $50.04 Unrealized +7.3%

AMZN Amazon.Com Inc 2.4%

Value ($000) $10,554 Shares 45,723 Est. Cost $138.54 Unrealized +65.1%

STT State Street Corp 1.2%

Value ($000) $5,037 Shares 39,045 Est. Cost $61.60 Unrealized +93.1%

CVS CVS Health Corporation 2.0%

Value ($000) $8,644 Shares 108,924 Est. Cost $58.22 Unrealized +35.1%

NTR Nutrien Ltd 1.5%

Value ($000) $6,679 Shares 108,055 Est. Cost $50.02 Unrealized +17.7%

ALL Allstate Corporation 2.4%

Value ($000) $10,577 Shares 50,816 Est. Cost $161.46 Unrealized +26.4%

MIDD Middleby Corp 0.8%

Value ($000) $3,538 Shares 23,795 Est. Cost $121.21 Unrealized +8.3%

AAPL Apple Inc. 1.0%

Value ($000) $4,511 Shares 16,593 Est. Cost $128.95 Unrealized +108.1%

V Visa Inc. 2.3%

Value ($000) $9,846 Shares 28,074 Est. Cost $200.04 Unrealized +70.2%

GOOG Alphabet Inc. Class C 0.2%

Value ($000) $1,011 Shares 3,223 Est. Cost $100.28 Unrealized +185.5%

KVUE Kenvue Inc 0.8%

Value ($000) $3,270 Shares 189,585 Est. Cost $20.00 Unrealized -18.7%

JPM JPMorgan Chase & Co 2.8%

Value ($000) $12,359 Shares 38,356 Est. Cost $112.80 Unrealized +174.4%

EA Electronic Arts Inc 2.3%

Value ($000) $10,072 Shares 49,295 Est. Cost $132.58 Unrealized +52.1%

ORCL Oracle Corp 0.0%

Value ($000) $207 Shares 1,060 Est. Cost $160.80 Unrealized +48.0%

BCE BCE Inc. 1.0%

Value ($000) $4,457 Shares 186,577 Est. Cost $27.65 Unrealized -16.7%

CTVA Corteva Inc. 1.7%

Value ($000) $7,276 Shares 108,555 Est. Cost $37.02 Unrealized +74.3%

MRK Merck & Company 0.1%

Value ($000) $318 Shares 3,023 Est. Cost $66.99 Unrealized +39.2%

DIS Walt Disney Co. 1.9%

Value ($000) $8,115 Shares 71,325 Est. Cost $125.69 Unrealized -12.9%

RCL Royal Caribbean Cruises 0.1%

Value ($000) $279 Shares 1,000 Est. Cost $218.15 Unrealized +29.1%

MCD McDonalds Corp 0.7%

Value ($000) $2,934 Shares 9,601 Est. Cost $289.60 Unrealized +5.4%

BRK/B Berkshire Hathaway B 2.7%

Value ($000) $11,549 Shares 22,977 Est. Cost $229.66 Unrealized +116.6%

ADBE Adobe Systems Inc. 1.2%

Value ($000) $5,231 Shares 14,947 Est. Cost $416.89 Unrealized -18.4%

ING ING Groep ADR 0.1%

Value ($000) $287 Shares 10,250 Est. Cost $19.59 Unrealized —

GLW Corning Inc. 0.1%

Value ($000) $219 Shares 2,500 Est. Cost $64.97 Unrealized +32.3%

HUM Humana Inc. 0.0%

Value ($000) $205 Shares 800 Est. Cost $261.21 Unrealized +0.0%

BRK/A BERKSHIRE HATHAWAY CL A 0.2%

Value ($000) $755 Shares 1 Est. Cost $420338.80 Unrealized +77.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	Alphabet Inc. Class A	60,895	$19,060	4.4%	$110.21	+159.1%	CAP STK CL A	02079K305
RY	Royal Bank of Canada	127,924	$21,839	5.0%	$90.94	+68.9%	COM	780087102
CM	Cdn Imperial Bank of Commerce	184,192	$16,722	3.8%	$43.41	+97.7%	COM	136069101
AXP	American Express Co.	32,394	$11,984	2.8%	$107.34	+232.6%	COM	025816109
MFC	Manulife Financial Corp	214,368	$7,795	1.8%	$17.97	+88.9%	COM	56501R106
MSFT	Microsoft Corp	28,059	$13,570	3.1%	$216.49	+131.2%	COM	594918104
META	Meta Platforms	13,695	$9,040	2.1%	$290.02	+130.1%	COM	30303M102
MS	Morgan Stanley	51,208	$9,091	2.1%	$49.23	+238.1%	COM	617446448
CSCO	Cisco Systems Inc	111,368	$8,579	2.0%	$35.53	+107.7%	COM	17275R102
SNN	Smith & Nephew PLC ADR	265,320	$8,705	2.0%	$25.49	—	SPONSORED ADR	83175M205
OTEX	Open Text Corp	194,613	$6,347	1.5%	$34.81	+1.8%	COM	683715106
GS	Goldman Sachs	10,306	$9,059	2.1%	$247.13	+229.1%	COM	38141G104
JNJ	Johnson & Johnson	37,174	$7,693	1.8%	$144.81	+36.0%	COM	478160104
TSM	Taiwan Semiconductor Mfg ADR	29,553	$8,981	2.1%	$117.93	—	SPDN ADS	874039100
TSCO	Tractor Supply Co	87,112	$4,356	1.0%	$50.04	+7.3%	COM	892356106
AMZN	Amazon.Com Inc	45,723	$10,554	2.4%	$138.54	+65.1%	COM	023135106
STT	State Street Corp	39,045	$5,037	1.2%	$61.60	+93.1%	COM	857477103
CVS	CVS Health Corporation	108,924	$8,644	2.0%	$58.22	+35.1%	COM	126650100
NTR	Nutrien Ltd	108,055	$6,679	1.5%	$50.02	+17.7%	COM	67077M108
ALL	Allstate Corporation	50,816	$10,577	2.4%	$161.46	+26.4%	COM	020002101
MIDD	Middleby Corp	23,795	$3,538	0.8%	$121.21	+8.3%	COM	596278101
AAPL	Apple Inc.	16,593	$4,511	1.0%	$128.95	+108.1%	COM	037833100
V	Visa Inc.	28,074	$9,846	2.3%	$200.04	+70.2%	COM NEW	92826C839
GOOG	Alphabet Inc. Class C	3,223	$1,011	0.2%	$100.28	+185.5%	CAP STK CL C	02079K107
KVUE	Kenvue Inc	189,585	$3,270	0.8%	$20.00	-18.7%	COM	49177J102
JPM	JPMorgan Chase & Co	38,356	$12,359	2.8%	$112.80	+174.4%	COM	46625H100
EA	Electronic Arts Inc	49,295	$10,072	2.3%	$132.58	+52.1%	COM	285512109
ORCL	Oracle Corp	1,060	$207	0.0%	$160.80	+48.0%	COM	68389X105
BCE	BCE Inc.	186,577	$4,457	1.0%	$27.65	-16.7%	COM	05534B760
CTVA	Corteva Inc.	108,555	$7,276	1.7%	$37.02	+74.3%	COM	22052L104
MRK	Merck & Company	3,023	$318	0.1%	$66.99	+39.2%	COM	58933Y105
DIS	Walt Disney Co.	71,325	$8,115	1.9%	$125.69	-12.9%	COM	254687106
RCL	Royal Caribbean Cruises	1,000	$279	0.1%	$218.15	+29.1%	COM	V7780T103
MCD	McDonalds Corp	9,601	$2,934	0.7%	$289.60	+5.4%	COM	580135101
BRK/B	Berkshire Hathaway B	22,977	$11,549	2.7%	$229.66	+116.6%	CL B NEW	084670702
ADBE	Adobe Systems Inc.	14,947	$5,231	1.2%	$416.89	-18.4%	COM	00724F101
ING	ING Groep ADR	10,250	$287	0.1%	$19.59	—	SPONSORED ADR	456837103
GLW	Corning Inc.	2,500	$219	0.1%	$64.97	+32.3%	COM	219350105
HUM	Humana Inc.	800	$205	0.0%	$261.21	+0.0%	COM	444859102
BRK/A	BERKSHIRE HATHAWAY CL A	1	$755	0.2%	$420338.80	+77.6%	CL A LTD VT SH	084670108