Leith Wheeler Investment Counsel Ltd.

CIK

1353651

Location

VANCOUVER, A1

Portfolio Value

Small $789,493,113

Diversification

Diversified

Filing Date

Global Rank

#1,747 / 8,232 ▲ 102

Top Industry

Software - Application 6.8%

3Y Alpha vs SPY

-11.5%

Period ended 2 months ago

Filed May 7, 2026 · 37d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+30.5%

SPY

+76.5%

Annualised alpha

-11.6%

Max drawdown

−17.4%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

74 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

4.7%

−0.6 pts

Top 5

20.8%

−3.1 pts

Top 10

38.2%

−3.8 pts

HHI

254

Diversified−24

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	21.5%	$170,130,186	15
Technology	18.5%	$146,332,762	13
Financial Services	15.2%	$120,199,961	10
Industrials	13.0%	$102,847,906	10
Consumer Cyclical	11.4%	$89,611,022	10
Communication Services	10.6%	$83,296,669	3
Utilities	2.8%	$22,101,349	2
Basic Materials	2.4%	$18,798,720	1
Consumer Defensive	2.1%	$16,572,257	7
Real Estate	1.1%	$8,905,591	1
Energy	1.1%	$8,387,983	1
Unclassified	0.3%	$2,308,707	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
FA	First Advantage Corp	+135,418	728,332	$8,565,184
HLMN	Hillman Solutions Corp.	+135,057	864,598	$7,193,455
MSFT	Microsoft Corp	+57,524	62,718	$23,216,322
AWR	American States Water Co	+47,725	126,225	$9,545,134
GNTX	Gentex Corp	+46,017	347,178	$7,585,839
V	Visa Inc.	+29,124	105,179	$31,789,300
DIS	Walt Disney Co	+23,388	318,935	$30,738,955
ORI	Old Republic International Corp	+20,324	277,533	$11,073,566
LPX	Louisiana-Pacific Corp	+18,577	99,064	$7,206,906
RRC	Range Resources Corp	+17,325	185,657	$8,387,983
NKE	NIKE, Inc.	+13,072	324,568	$17,143,681
ADSK	Autodesk, Inc.	+11,671	109,484	$26,210,469
UL	Unilever PLC	+7,421	17,587	$1,001,931
META	Meta Platforms, Inc.	+7,287	35,748	$20,452,503
MDT	Medtronic plc	+4,540	323,384	$28,021,223
ABT	Abbott Laboratories	+2,779	8,834	$906,986
JNJ	Johnson & Johnson	+2,720	7,617	$1,861,899
PG	PROCTER & GAMBLE Co	+2,580	8,499	$1,227,595
CRM	Salesforce, Inc.	+2,365	142,306	$26,564,261
WFC	Wells Fargo & Company/Mn	+2,199	408,689	$32,535,731
KD	Kyndryl Holdings, Inc.	+1,434	645,533	$8,469,392
BDX	Becton Dickinson & Co	+1,277	158,262	$24,883,534
IFF	International Flavors & Fragrances Inc	+685	259,114	$18,798,720
ORCL	Oracle Corp	+640	16,430	$2,417,017
AMZN	Amazon Com Inc	+400	7,053	$1,468,928
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
BWA	Borgwarner Inc	−44,361	492,802	$26,739,436
LHX	L3harris Technologies, Inc. /De/	−39,831	107,394	$37,067,039
KEYS	Keysight Technologies, Inc.	−27,061	43,704	$12,340,698
GOOGL	Alphabet Inc.	−22,657	111,647	$32,105,211
GMED	Globus Medical Inc	−13,788	159,535	$13,745,535
MKSI	Mks Inc	−11,235	37,234	$8,556,745
HSIC	Henry Schein Inc	−8,079	355,314	$26,186,641
CPAY	Corpay, Inc.	−4,027	47,646	$13,864,509
NVDA	Nvidia Corp	−1,000	13,000	$2,267,200
BSX	Boston Scientific Corp	−850	8,600	$539,650
HAYW	Hayward Holdings, Inc.	−387	565,970	$7,572,678
BIPH	Brookfield Infrastructure Partners L.P.	−238	347,625	$12,556,215
MDLZ	Mondelez International, Inc.	−180	206,095	$11,879,315
SEIC	Sei Investments Co	−134	196,249	$15,399,659
CNM	Core & Main, Inc.	−117	169,025	$8,349,835
WH	Wyndham Hotels & Resorts, Inc.	−87	87,789	$7,131,100
CCK	Crown Holdings, Inc.	−67	96,381	$9,662,195
LAMR	Lamar Advertising Co/New	−48	70,311	$8,905,591
MIDD	MIDDLEBY Corp	−44	64,678	$8,575,009
GL	Globe Life Inc.	−37	54,291	$7,555,678
SPY	Spdr S&P 500 ETF Trust	−35	3,550	$2,308,707
UHS	Universal Health Services Inc	−23	33,592	$6,011,960
SNA	Snap-on Inc	−22	26,775	$9,725,215
PM	Philip Morris International Inc.	−17	1,526	$252,308
CSL	Carlisle Companies Inc	−17	25,124	$8,381,868
No positions match the current search.

New Positions

Positions the filer opened this quarter

7 positions

Ticker	Company	Shares	Value
WYNN	Wynn Resorts Ltd	149,902	$15,222,548
ICLR	Icon PLC	81,408	$9,008,609
WAT	Waters Corp /De/	21,335	$6,353,563
RUSHA	Rush Enterprises Inc \Tx\	55,291	$3,655,288
ASML	Asml Holding NV	1,230	$1,624,620
IQV	Iqvia Holdings Inc.	1,671	$284,972
NVS	Novartis AG	1,445	$220,723
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
EA	Electronic Arts Inc.	67,433	$13,778,584
GPN	Global Payments Inc	156,904	$12,144,369
SNX	Td Synnex Corp	15,030	$2,257,956
DEO	Diageo PLC	12,740	$1,099,079
FISV	Fiserv Inc	6,280	$421,827
DHR	Danaher Corp /De/	1,770	$405,188
CIGI	Colliers International Group Inc.	2,500	$367,525
ACN	Accenture plc	905	$242,811
SHOP	Shopify Inc.	1,410	$226,967
MRK	Merck & Co., Inc.	1,929	$203,046
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

74 positions · $789,493,113 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 74 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
LHX	L3harris Technologies, Inc. /De/ Industrials	Reduced	107,394	-39,831	$37,067,039	−14.2%	4.70%
WFC	Wells Fargo & Company/Mn Financial Services	Added	408,689	+2,199	$32,535,731	−14.1%	4.12%
GOOGL	Alphabet Inc. Communication Services	Reduced	111,647	-22,657	$32,105,211	−23.6%	4.07%
V	Visa Inc. Financial Services	Added	105,179	+29,124	$31,789,300	+19.2%	4.03%
DIS	Walt Disney Co Communication Services	Added	318,935	+23,388	$30,738,955	−8.6%	3.89%
UNH	Unitedhealth Group Inc Healthcare	Added	109,436	+354	$29,612,287	−17.8%	3.75%
MDT	Medtronic plc Healthcare	Added	323,384	+4,540	$28,021,223	−8.5%	3.55%
BWA	Borgwarner Inc Consumer Cyclical	Reduced	492,802	-44,361	$26,739,436	+10.5%	3.39%
CRM	Salesforce, Inc. Technology	Added	142,306	+2,365	$26,564,261	−28.3%	3.36%
ADSK	Autodesk, Inc. Technology	Added	109,484	+11,671	$26,210,469	−9.5%	3.32%
HSIC	Henry Schein Inc Healthcare	Reduced	355,314	-8,079	$26,186,641	−4.7%	3.32%
BDX	Becton Dickinson & Co Healthcare	Added	158,262	+1,277	$24,883,534	+3.9%	3.15%
MSFT	Microsoft Corp Technology	Added	62,718	+57,524	$23,216,322	+824.2%	2.94%
META	Meta Platforms, Inc. Communication Services	Added	35,748	+7,287	$20,452,503	+8.9%	2.59%
JPM	Jpmorgan Chase & Co Financial Services	Added	64,037	+166	$18,837,123	−8.5%	2.39%
IFF	International Flavors & Fragrances Inc Basic Materials	Added	259,114	+685	$18,798,720	+7.9%	2.38%
NKE	NIKE, Inc. Consumer Cyclical	Added	324,568	+13,072	$17,143,681	−13.6%	2.17%
QCOM	Qualcomm Inc/De Technology	Added	127,464	+289	$16,414,813	−24.5%	2.08%
SEIC	Sei Investments Co Financial Services	Reduced	196,249	-134	$15,399,659	−4.4%	1.95%
WYNN	Wynn Resorts Ltd Consumer Cyclical	NEW	149,902	NEW	$15,222,548	NEW	1.93%
CPAY	Corpay, Inc. Technology	Reduced	47,646	-4,027	$13,864,509	−10.8%	1.76%
GMED	Globus Medical Inc Healthcare	Reduced	159,535	-13,788	$13,745,535	−9.2%	1.74%
COR	Cencora, Inc. Healthcare	Added	40,225	+54	$12,636,281	−6.9%	1.60%
BIPH	Brookfield Infrastructure Partners L.P. Utilities	Reduced	347,625	-238	$12,556,215	+3.9%	1.59%
KEYS	Keysight Technologies, Inc. Technology	Reduced	43,704	-27,061	$12,340,698	−14.2%	1.56%
MDLZ	Mondelez International, Inc. Consumer Defensive	Reduced	206,095	-180	$11,879,315	+7.0%	1.50%
ORI	Old Republic International Corp Financial Services	Added	277,533	+20,324	$11,073,566	−5.7%	1.40%
THC	Tenet Healthcare Corp Healthcare	Reduced	52,230	-9	$9,856,323	−5.1%	1.25%
SNA	Snap-on Inc Industrials	Reduced	26,775	-22	$9,725,215	+5.3%	1.23%
CCK	Crown Holdings, Inc. Consumer Cyclical	Reduced	96,381	-67	$9,662,195	−2.7%	1.22%
AWR	American States Water Co Utilities	Added	126,225	+47,725	$9,545,134	+67.8%	1.21%
ICLR	Icon PLC Healthcare	NEW	81,408	NEW	$9,008,609	NEW	1.14%
LAMR	Lamar Advertising Co/New Real Estate	Reduced	70,311	-48	$8,905,591	−0.0%	1.13%
MIDD	MIDDLEBY Corp Industrials	Reduced	64,678	-44	$8,575,009	−10.9%	1.09%
FA	First Advantage Corp Industrials	Added	728,332	+135,418	$8,565,184	−0.6%	1.08%
MKSI	Mks Inc Technology	Reduced	37,234	-11,235	$8,556,745	+10.5%	1.08%
KD	Kyndryl Holdings, Inc. Technology	Added	645,533	+1,434	$8,469,392	−50.5%	1.07%
RRC	Range Resources Corp Energy	Added	185,657	+17,325	$8,387,983	+41.3%	1.06%
CSL	Carlisle Companies Inc Industrials	Reduced	25,124	-17	$8,381,868	+4.2%	1.06%
CNM	Core & Main, Inc. Industrials	Reduced	169,025	-117	$8,349,835	−5.0%	1.06%
GNTX	Gentex Corp Consumer Cyclical	Added	347,178	+46,017	$7,585,839	+8.2%	0.96%
HAYW	Hayward Holdings, Inc. Industrials	Reduced	565,970	-387	$7,572,678	−13.5%	0.96%
GL	Globe Life Inc. Financial Services	Reduced	54,291	-37	$7,555,678	−0.6%	0.96%
LPX	Louisiana-Pacific Corp Industrials	Added	99,064	+18,577	$7,206,906	+10.9%	0.91%
HLMN	Hillman Solutions Corp. Industrials	Added	864,598	+135,057	$7,193,455	+13.9%	0.91%
WH	Wyndham Hotels & Resorts, Inc. Consumer Cyclical	Reduced	87,789	-87	$7,131,100	+7.4%	0.90%
WAT	Waters Corp /De/ Healthcare	NEW	21,335	NEW	$6,353,563	NEW	0.80%
UHS	Universal Health Services Inc Healthcare	Reduced	33,592	-23	$6,011,960	−18.0%	0.76%
AAPL	Apple Inc. Technology	Added	14,809	+141	$3,758,376	−5.7%	0.48%
RUSHA	Rush Enterprises Inc \Tx\ Consumer Cyclical	NEW	55,291	NEW	$3,655,288	NEW	0.46%