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Livermore
Livermore
ZHEN

Lorne Steinberg Wealth Management Inc.

SEC CIK
0001851362
Latest filing
Jul 28, 2026

The latest 13F from Lorne Steinberg Wealth Management Inc. covers Q2 2026 (filed Jul 28, 2026): 72 long positions worth $486.6M. The top 10 holdings make up 35.7% of the portfolio, and the largest is Royal Bank of Canada (RY) at 5.6%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
8
Est. +$9.01M
Added
50
Est. +$16.4M
Reduced
6
Est. −$6.51M
Sold out
4
Est. −$8.56M

Top 5 holdings

Share of this quarter's portfolio value

  1. RYRoyal Bank of Canada
    5.6%$27.4MHistory
  2. GOOGLAlphabet Inc.
    4.6%$22.2MHistory
  3. TDToronto Dominion Bank
    4.1%$19.7MHistory
  4. BMOBank of Montreal
    3.7%$18.0MHistory
  5. CMCanadian Imperial Bank of Commerce
    3.5%$16.9MHistory

Share of portfolio

Top 5 holdings and the other 67 positions, by share of portfolio value

  1. RY5.6%
  2. GOOGL4.6%
  3. TD4.1%
  4. BMO3.7%
  5. CM3.5%
  6. Other 67 positions78.6%

Biggest buys

New and added positions, by estimated amount bought

  1. TUTelus Corp
    +$4.16MNewHistory
  2. LINLinde PLC
    +$3.02MNewHistory
  3. MCDMcDonalds Corp
    +$2.82MAddedHistory
  4. AMZNAmazon Com Inc
    +$1.19MAddedHistory
  5. CPCanadian Pacific Kansas City Ltd
    +$1.09MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. TUTelus Corp
    +0.86 pp0.0% → 0.9%History
  2. CSCOCisco Systems, Inc.
    +0.66 pp2.0% → 2.7%History
  3. RYRoyal Bank of Canada
    +0.64 pp5.0% → 5.6%History
  4. LINLinde PLC
    +0.62 pp0.0% → 0.6%History
  5. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +0.61 pp2.4% → 3.0%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. TUTelus Corp
    −$4.93MSold outHistory
  2. VTRSViatris Inc
    −$4.29MReducedHistory
  3. MIDDMIDDLEBY Corp
    −$3.13MSold outHistory
  4. iShares Tr464288513
    −$1.19MReduced
  5. SPDR Series Trust78468R622
    −$897.2KReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. TUTelus Corp
    −1.17 pp1.2% → 0.0%History
  2. VTRSViatris Inc
    −0.84 pp2.0% → 1.2%History
  3. MIDDMIDDLEBY Corp
    −0.74 pp0.7% → 0.0%History
  4. iShares Tr464288513
    −0.30 pp0.5% → 0.2%
  5. SPDR Series Trust78468R622
    −0.22 pp0.3% → 0.1%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$486.6M
+$64.5M (+15.3%) vs. prior quarter
Positions
72
+4 vs. prior quarter
Top 10 concentration
35.7%
Top 10 as share of value
Turnover
3.3%
Q2 2026, one quarter
Average holding period
19.3 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $486.6M (Q2 2026)

Q1 2021: $189.0MQ2 2021: $203.5MQ3 2021: $206.6MQ4 2021: $232.6MQ1 2022: $216.6MQ2 2022: $212.5MQ3 2022: $205.9MQ4 2022: $232.8MQ1 2023: $250.2MQ2 2023: $265.5MQ3 2023: $259.8MQ4 2023: $297.7MQ1 2024: $320.3MQ2 2024: $310.7MQ3 2024: $345.9MQ4 2024: $344.9MQ1 2025: $343.1MQ2 2025: $382.9MQ3 2025: $415.0MQ4 2025: $434.9MQ1 2026: $422.1MQ2 2026: $486.6M
Q1 2021Q2 2026
13F filings of Lorne Steinberg Wealth Management Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 28, 202672$486.6MRYGOOGLTDvs. Q1 2026SEC
Q1 2026May 8, 202668$422.1MRYGOOGLTDvs. Q4 2025SEC
Q4 2025Jan 27, 202672$434.9MRYGOOGLCMvs. Q3 2025SEC
Q3 2025Oct 31, 202570$415.0MRYGOOGLCMvs. Q2 2025SEC
Q2 2025Jul 30, 202570$382.9MRYMSFTCMvs. Q1 2025SEC
Q1 2025Apr 17, 202570$343.1MRYBRK.BMETAvs. Q4 2024SEC
Q4 2024Jan 31, 202570$344.9MRYMETAMSFTvs. Q3 2024SEC
Q3 2024Oct 25, 202469$345.9MRYMSFTMETAvs. Q2 2024SEC
Q2 2024Jul 18, 202468$310.7MMSFTGOOGLRYvs. Q1 2024SEC
Q1 2024May 3, 202469$320.3MMSFTRYMETAvs. Q4 2023SEC
Q4 2023Feb 1, 202473$297.7MRYMSFTGOOGLvs. Q3 2023SEC
Q3 2023Oct 31, 202370$259.8MRYMSFTBRK.Bvs. Q2 2023SEC
Q2 2023Jul 17, 202369$265.5MMSFTRYBRK.Bvs. Q1 2023SEC
Q1 2023Apr 27, 202366$250.2MRYMSFTBRK.Bvs. Q4 2022SEC
Q4 2022Feb 13, 202369$232.8MRYBRK.BVTRSvs. Q3 2022SEC
Q3 2022Nov 9, 202260$205.9MRYCVSCTVAvs. Q2 2022SEC
Q2 2022Aug 10, 202264$212.5MRYMSFTVTRSvs. Q1 2022SEC
Q1 2022May 10, 202262$216.6MRYMSFTCVSvs. Q4 2021SEC
Q4 2021Feb 14, 202264$232.6MBNSMSFTGOOGLvs. Q3 2021SEC
Q3 2021Nov 9, 202161$206.6MINGGOOGLRYvs. Q2 2021SEC
Q2 2021Jul 20, 202163$203.5MRYMSINGvs. Q1 2021SEC
Q1 2021May 3, 202162$189.0MRYCSCOING–SEC