Lorne Steinberg Wealth Management is an investment fund managing more than $311 billion ran by Geoffrey Smith. There are currently 68 companies in Mr. Smith’s portfolio. The largest investments include Microsoft and Alphabet Inc, together worth $23.8 billion.
As of 11th July 2024, Lorne Steinberg Wealth Management’s top holding is 28,272 shares of Microsoft currently worth over $12.6 billion and making up 4.1% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Lorne Steinberg Wealth Management owns more than approximately 0.1% of the company.
In addition, the fund holds 61,438 shares of Alphabet Inc worth $11.2 billion, whose value grew 26.2% in the past six months.
The third-largest holding is Royal Bank Of Canada worth $11.1 billion and the next is Meta Platforms Inc worth $10.6 billion, with 20,944 shares owned.
Currently, Lorne Steinberg Wealth Management's portfolio is worth at least $311 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The Lorne Steinberg Wealth Management office and employees reside in Montreal, Quebec, Canada (federal Level). According to the last 13-F report filed with the SEC, Geoffrey Smith serves as the Chief Compliance Officer at Lorne Steinberg Wealth Management.
In the most recent 13F filing, Lorne Steinberg Wealth Management revealed that it had opened a new position in
The Allstate and bought 52,640 shares worth $8.4 billion.
This means they effectively own approximately 0.1% of the company.
The Allstate makes up
13.4%
of the fund's Finance sector allocation and has grown its share price by 4.4% in the past year.
The investment fund also strengthened its position in Taiwan Semiconductor Mfg Adr by buying
5 additional shares.
This makes their stake in Taiwan Semiconductor Mfg Adr total 46,872 shares worth $8.15 billion.
On the other hand, there are companies that Lorne Steinberg Wealth Management is getting rid of from its portfolio.
Lorne Steinberg Wealth Management closed its position in The Allstate on 18th July 2024.
It sold the previously owned 52,655 shares for $7.37 billion.
Geoffrey Smith also disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $12.6 billion and 28,272 shares.
The two most similar investment funds to Lorne Steinberg Wealth Management are Key Bridge Compliance and Opal Wealth Advisors. They manage $311 billion and $311 billion respectively.
Lorne Steinberg Wealth Management’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Finance — making up 20.2% of
the total portfolio value.
The fund focuses on investments in the United States as
38.2% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
54% of the total holdings value.
On the other hand, small-cap stocks make up only 2.9% of the portfolio.
The average market cap of the portfolio companies is close to $239 billion.
These positions were updated on July 18th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Microsoft Corporation |
0.16%
28,272
|
$12,636,170,000 | 4.07% |
| Alphabet Inc |
0.01%
61,438
|
$11,190,931,000 | 3.60% |
| Royal Bank Of Canada |
2.12%
104,216
|
$11,090,063,000 | 3.57% |
| Meta Platforms Inc |
1.30%
20,944
|
$10,560,383,000 | 3.40% |
| Berkshire Hathaway B |
0.76%
23,179
|
$9,429,217,000 | 3.03% |
| The Allstate Corporation |
Opened
52,640
|
$8,404,502,000 | 2.71% |
| Taiwan Semiconductor Mfg Adr |
0.01%
46,872
|
$8,146,822,000 | 2.62% |
| Jpmorgan Chase Co |
0.24%
39,041
|
$7,896,432,000 | 2.54% |
| American Express Co. |
0.10%
33,436
|
$7,742,105,000 | 2.49% |
| Cdn Imperial Bank Of Commerce |
0.80%
160,841
|
$7,644,281,000 | 2.46% |
| Goldman Sachs |
0.87%
16,836
|
$7,615,259,000 | 2.45% |
| Visa Inc |
0.24%
28,326
|
$7,434,725,000 | 2.39% |
| The Allstate Corporation |
Closed
52,655
|
$7,370,647,000 | |
| Toronto Dominion Bank |
0.94%
132,665
|
$7,288,978,000 | 2.35% |
| Amazon.com Inc. |
4.02%
37,036
|
$7,157,207,000 | 2.30% |
| Ing Groep Adr |
Closed
469,019
|
$7,044,665,000 | |
| Viatris Inc. |
1.30%
642,411
|
$6,828,828,000 | 2.20% |
| TC Energy Corporation |
6.57%
176,145
|
$6,674,139,000 | 2.15% |
| Bank Of Nova Scotia |
7.33%
145,160
|
$6,637,023,000 | 2.14% |
| Walt Disney Co (The) |
0.72%
64,148
|
$6,369,254,000 | 2.05% |
| Diageo Plc Adr |
36.30%
50,405
|
$6,355,062,000 | 2.05% |
| Cdn Pacific Kc Railway Ltd |
0.88%
78,844
|
$6,206,362,000 | 2.00% |
| Electronic Arts, Inc. |
0.31%
43,770
|
$6,098,474,000 | 1.96% |
| Corteva Inc |
0.15%
111,665
|
$6,023,210,000 | 1.94% |
| Cdn National Railway |
3.56%
49,523
|
$5,849,269,000 | 1.88% |
| Bank of Montreal |
0.40%
69,494
|
$5,830,255,000 | 1.88% |
| CVS Health Corp |
1.26%
98,677
|
$5,827,863,000 | 1.88% |
| Brookfield Corp |
1.90%
138,393
|
$5,753,286,000 | 1.85% |
| Becton Dickinson Co |
51.65%
24,535
|
$5,734,074,000 | 1.85% |
| Smith Nephew Plc Adr |
53.80%
231,045
|
$5,725,295,000 | 1.84% |
| Sun Life Financial, Inc. |
5.57%
112,836
|
$5,530,056,000 | 1.78% |
| Cisco Systems, Inc. |
0.22%
113,607
|
$5,397,468,000 | 1.74% |
| Manulife Financial Corp. |
3.44%
194,180
|
$5,168,407,000 | 1.66% |
| Morgan Stanley |
0.07%
52,663
|
$5,118,316,000 | 1.65% |
| Adobe Systems Inc. |
0.60%
9,122
|
$5,067,635,000 | 1.63% |
| Tractor Supply Co. |
1.68%
17,850
|
$4,819,500,000 | 1.55% |
| Johnson Johnson |
80.17%
31,758
|
$4,641,749,000 | 1.49% |
| Unilever Plc Adr |
1.02%
82,370
|
$4,529,526,000 | 1.46% |
| Telus Corp. |
Closed
250,387
|
$4,456,693,000 | |
| Nutrien Ltd |
13.71%
81,662
|
$4,155,603,000 | 1.34% |
| Ferrari N.V. |
0.32%
9,552
|
$3,900,750,000 | 1.26% |
| Telus Corp. |
Opened
250,081
|
$3,784,086,000 | 1.22% |
| Starbucks Corp. |
Opened
46,155
|
$3,593,166,000 | 1.16% |
| Open Text Corp |
1.49%
119,465
|
$3,585,606,000 | 1.15% |
| Kraft Heinz Co |
0.35%
109,650
|
$3,532,923,000 | 1.14% |
| Rogers Communications Inc. |
11.87%
90,959
|
$3,362,705,000 | 1.08% |
| Apple Inc |
28.31%
15,720
|
$3,310,946,000 | 1.07% |
| BCE Inc |
1.23%
102,048
|
$3,303,677,000 | 1.06% |
| Magna International Inc. |
1.93%
72,734
|
$3,047,105,000 | 0.98% |
| Middleby Corp. |
0.28%
24,520
|
$3,006,397,000 | 0.97% |
| State Street Corp. |
1.34%
39,670
|
$2,935,580,000 | 0.94% |
| Kenvue Inc |
60.13%
154,690
|
$2,812,264,000 | 0.91% |
| Nike, Inc. |
79.90%
35,840
|
$2,701,260,000 | 0.87% |
| Koninklijke Philips Electric |
Closed
107,966
|
$2,518,847,000 | |
| Scotts Miracle-Gro Company |
0.37%
35,645
|
$2,319,063,000 | 0.75% |
| Ishares Iboxx $ High Yield Corporat |
27.79%
26,553
|
$2,048,298,000 | 0.66% |
| Warner Bros. Discovery Inc. Class A |
3.42%
230,127
|
$1,712,144,000 | 0.55% |
| Spdr Bloomberg Barclays High Yield Bond Etf |
103.05%
12,630
|
$1,190,630,000 | 0.38% |
| Alphabet Inc |
8.08%
3,809
|
$698,646,000 | 0.22% |
| Veren Inc. |
Closed
97,900
|
$679,013,000 | |
| Cenovus Energy Inc |
41.90%
34,513
|
$678,057,000 | 0.22% |
| Veren Inc. |
Opened
79,175
|
$624,167,000 | 0.20% |
| Berkshire Hathaway Inc. |
No change
1
|
$612,241,000 | 0.20% |
| Ishares Msci World Etf |
9.80%
3,315
|
$488,929,000 | 0.16% |
| NVIDIA Corp |
706.38%
3,540
|
$437,331,000 | 0.14% |
| Procter And Gamble |
20.54%
2,522
|
$415,928,000 | 0.13% |
| Merck Company |
No change
2,623
|
$324,727,000 | 0.10% |
| Eli Lilly Co |
20.24%
331
|
$299,680,000 | 0.10% |
| Humana Inc. |
No change
800
|
$298,920,000 | 0.10% |
| Costco Wholesale Corp |
4.46%
351
|
$298,346,000 | 0.10% |
| Mcdonalds Corp |
38.04%
1,088
|
$277,265,000 | 0.09% |
| Cdn Natural Resources Ltd |
54.92%
7,374
|
$262,537,000 | 0.08% |
| Pepsico Inc. |
Closed
1,444
|
$245,249,000 | |
| Baytex Energy Corp |
No change
70,000
|
$242,419,000 | 0.08% |
| Accenture plc |
Closed
680
|
$238,619,000 | |
| Pfizer Inc. |
Closed
7,226
|
$208,037,000 | |
| Enbridge Inc |
Closed
4,718
|
$169,880,000 | |
| No transactions found | |||
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