DORCHESTER WEALTH MANAGEMENT Co Q1 2023 vs. Q2 2023 13F Holdings Comparison

Introduction:

Dorchester Wealth Management is a prominent investment management firm that provides services to high-net-worth individuals and institutional clients. As part of their regulatory obligations, 13F filings are submitted to the Securities and Exchange Commission (SEC) every quarter. These documents detail the firm's holdings and provide insights into the investment strategies employed.

In this article, we will analyze the Q1 2023 and Q2 2023 13F holdings of Dorchester Wealth Management. We will take a closer look at the changes in their portfolio and discuss the potential reasons behind these adjustments. Please note that all figures mentioned in this article are in thousands.

Dorchester Wealth Management's Q1 2023 vs. Q2 2023 Portfolio Changes:

Apple Inc. (AAPL):

- The firm slightly reduced its holdings in Apple Inc., with Q1 2023 shares amounting to 262,696 and Q2 2023 shares totaling 260,686. The value of the holdings also increased from $43,318,000 to $50,565,000, representing a 16.7% change.

Royal Bank of Canada (RY.TO):

- Dorchester Wealth Management made minimal changes to its holdings in Royal Bank of Canada, with Q1 2023 shares at 233,039 and Q2 2023 shares at 231,084. The value of the holdings shifted from $22,098,000 to $21,923,000, reflecting a slight decrease of 0.8%.

Toronto-Dominion Bank (Canada) (TD.TO):

- The firm maintained a relatively stable position in Toronto-Dominion Bank, with Q1 2023 shares at 307,728 and Q2 2023 shares at 306,683. The value of the holdings experienced a slight increase from $18,240,000 to $18,846,000, indicating a 3.3% change.

Bank of Montreal (BMO.TO):

- Dorchester Wealth Management slightly reduced its holdings in Bank of Montreal, with Q1 2023 shares at 192,020 and Q2 2023 shares at 187,859. The value of the holdings decreased from $16,967,000 to $16,860,000, reflecting a decline of 0.6%.

BCE Inc. (BCE.TO):

- The firm made a small adjustment to its holdings in BCE Inc., with Q1 2023 shares amounting to 296,849 and Q2 2023 shares totaling 287,044. The value of the holdings decreased from $13,279,000 to $13,094,000, indicating a 1.4% change.

Johnson & Johnson (JNJ):

- Dorchester Wealth Management increased its holdings in Johnson & Johnson, with Q1 2023 shares at 73,416 and Q2 2023 shares at 75,081. The value of the holdings also rose from $11,379,000 to $12,427,000, reflecting a 9.2% change in value.

Canadian National Railway Company (CNR.TO):

- The firm maintained a relatively stable position in Canadian National Railway Company, with Q1 2023 shares at 104,655 and Q2 2023 shares at 103,564. The value of the holdings increased from $12,173,000 to $12,389,000, indicating a 1.8% change.

Suncor Energy Inc. (NEW) (SU.TO):

- Dorchester Wealth Management made a slight adjustment to its holdings in Suncor Energy Inc., with Q1 2023 shares at 410,732 and Q2 2023 shares at 413,727. The value of the holdings decreased from $12,270,000 to $11,703,000, reflecting a decline of 4.6%.

Cisco Systems, Inc. (CSCO):

- The firm significantly increased its holdings in Cisco Systems, Inc., with Q1 2023 shares at 179,952 and Q2 2023 shares at 226,175. The value of the holdings experienced a substantial rise from $9,406,000 to $11,702,000, indicating a significant 24.4% change.

Bank of Nova Scotia (BNS.TO):

- Dorchester Wealth Management made a slight adjustment to its holdings in Bank of Nova Scotia, with Q1 2023 shares at 235,340 and Q2 2023 shares at 229,085. The value of the holdings decreased from $11,767,000 to $11,398,000, reflecting a decline of 3.1%.

Rogers Communications Inc. (RCI-B.TO):

- The firm maintained a relatively stable position in Rogers Communications Inc., with Q1 2023 shares at 231,550 and Q2 2023 shares at 231,417. The value of the holdings experienced a slight decrease from $10,615,000 to $10,468,000, indicating a 1.4% change.

CGI Inc. (GIB-A.TO):

- Dorchester Wealth Management significantly reduced its holdings in CGI Inc., with Q1 2023 shares at 122,874 and Q2 2023 shares at 97,839. The value of the holdings decreased from $11,583,000 to $10,075,000, reflecting a substantial decline of 13%.

Conclusion:

Dorchester Wealth Management's Q1 2023 vs. Q2 2023 13F holdings comparison demonstrates a mix of adjustments made to their holdings across various companies. Some stocks experienced minimal changes, while others underwent significant adjustments.

While it is challenging to determine the specific reasons behind these portfolio changes without further insights, it is evident that the firm made strategic decisions based on market conditions, company performance, and their investment objectives.

Keep in mind that 13F filings provide a snapshot of a firm's holdings at a specific point in time. Therefore, it is crucial to review subsequent filings to gain a comprehensive understanding of Dorchester Wealth Management's investment strategy and the evolution of their portfolio.