Leith Wheeler Investment Counsel Ltd.
Long book
$1.21B
Q1 2026
Positions
84
Top-10 weight
54%
concentration
Last quarter
+12.3%
SPY +14.8%
Turnover
20%
of book per quarter
Strategy in plain words
auto-generated from filingsLeith Wheeler Investment Counsel Ltd. is an institutional manager, running a $1.21B US long book across 84 positions.
The portfolio is concentrated: the top 10 names carry 54% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES CORE S&P 500 ETF, L3HARRIS TECHNOLOGIES INC, WELLS FARGO & CO, ALPHABET INC-CL A, VISA INC-CLASS A SHARES.
Over the last 9 quarters its long book ran on average 1.4pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.5%
Q2 2024
+6.0%
Q3 2024
+1.1%
Q4 2024
-2.9%
Q1 2025
+6.9%
Q2 2025
+6.8%
Q3 2025
+3.0%
Q4 2025
-5.5%
Q1 2026
+12.3%
Sector allocation
Technology 30%
Financials 15%
Healthcare 13%
Services media 13%
Industrials 10%
Other 7%
Consumer discretionary 7%
Consumer staples 2%
Long book by quarter
What does Leith Wheeler own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 107.4K | $37.1M | 3.1% | -27.1% |
| WFC WELLS FARGO & CO | Financials | 408.7K | $32.5M | 2.7% | +0.5% |
| GOOGL ALPHABET INC-CL A | Technology | 111.6K | $32.1M | 2.7% | -16.9% |
| V VISA INC-CLASS A SHARES | Services media | 105.2K | $31.8M | 2.6% | +38.3% |
| DIS WALT DISNEY CO/THE | Services media | 318.9K | $30.7M | 2.5% | +7.9% |
| UNH UNITEDHEALTH GROUP INC | Financials | 109.4K | $29.6M | 2.4% | +0.3% |
| MDT MEDTRONIC PLC | Healthcare | 323.4K | $28.0M | 2.3% | +1.4% |
| BWA BORGWARNER INC | Industrials | 492.8K | $26.7M | 2.2% | -8.3% |
| CRM SALESFORCE INC | Technology | 142.3K | $26.6M | 2.2% | +1.7% |
| ADSK AUTODESK INC | Technology | 109.5K | $26.2M | 2.2% | +11.9% |
| HSIC HENRY SCHEIN INC | Consumer discretionary | 355.3K | $26.2M | 2.2% | -2.2% |
| BDX BECTON DICKINSON AND CO | Healthcare | 158.3K | $24.9M | 2.1% | +0.8% |
| MSFT MICROSOFT CORP | Technology | 62.7K | $23.2M | 1.9% | +1107.5% |
| META META PLATFORMS INC-CLASS A | Technology | 35.7K | $20.5M | 1.7% | +25.6% |
| JPM JPMORGAN CHASE & CO | Financials | 64.0K | $18.8M | 1.6% | +0.3% |
| IFF INTL FLAVORS & FRAGRANCES | Other | 259.1K | $18.8M | 1.6% | +0.3% |
| NKE NIKE INC -CL B | Other | 324.6K | $17.1M | 1.4% | +4.2% |
| QCOM QUALCOMM INC | Technology | 127.5K | $16.4M | 1.4% | +0.2% |
| SEIC SEI INVESTMENTS COMPANY | Financials | 196.2K | $15.4M | 1.3% | -0.1% |
| WYNN WYNN RESORTS LTD | Services media | 149.9K | $15.2M | 1.3% | New |
| CPAY CORPAY INC | Services media | 47.6K | $13.9M | 1.1% | -7.8% |
| GMED GLOBUS MEDICAL INC - A | Healthcare | 159.5K | $13.7M | 1.1% | -8.0% |
| COR CENCORA INC | Consumer discretionary | 40.2K | $12.6M | 1.0% | +0.1% |
| KEYS KEYSIGHT TECHNOLOGIES IN | Technology | 43.7K | $12.3M | 1.0% | -38.2% |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 206.1K | $11.9M | 1.0% | -0.1% |
| ORI OLD REPUBLIC INTL CORP | Financials | 277.5K | $11.1M | 0.9% | +7.9% |
| THC TENET HEALTHCARE CORP | Healthcare | 52.2K | $9.9M | 0.8% | 0.0% |
| SNA SNAP-ON INC | Industrials | 26.8K | $9.7M | 0.8% | -0.1% |
| CCK CROWN HOLDINGS INC | Industrials | 96.4K | $9.7M | 0.8% | -0.1% |
| AWR AMERICAN STATES WATER CO | Utilities | 126.2K | $9.5M | 0.8% | +60.8% |
| ICLR ICON PLC | Healthcare | 81.4K | $9.0M | 0.7% | New |
| MIDD MIDDLEBY CORP | Industrials | 64.7K | $8.6M | 0.7% | -0.1% |
| FA FIRST ADVANTAGE CORP | Technology | 728.3K | $8.6M | 0.7% | +22.8% |
| MKSI MKS INC | Technology | 37.2K | $8.6M | 0.7% | -23.2% |
| KD KYNDRYL HOLDINGS INC | Technology | 645.5K | $8.5M | 0.7% | +0.2% |
| RRC RANGE RESOURCES CORP | Energy | 185.7K | $8.4M | 0.7% | +10.3% |
| CSL CARLISLE COS INC | Other | 25.1K | $8.4M | 0.7% | -0.1% |
| CNM CORE & MAIN INC-CLASS A | Consumer discretionary | 169.0K | $8.3M | 0.7% | -0.1% |
| GNTX GENTEX CORP | Industrials | 347.2K | $7.6M | 0.6% | +15.3% |
| HAYW HAYWARD HOLDINGS INC | Industrials | 566.0K | $7.6M | 0.6% | -0.1% |
| GL GLOBE LIFE INC | Financials | 54.3K | $7.6M | 0.6% | -0.1% |
| LPX LOUISIANA-PACIFIC CORP | Other | 99.1K | $7.2M | 0.6% | +23.1% |
| HLMN HILLMAN SOLUTIONS CORP | Industrials | 864.6K | $7.2M | 0.6% | +18.5% |
| WH WYNDHAM HOTELS & RESORTS INC | Services media | 87.8K | $7.1M | 0.6% | -0.1% |
| WAT WATERS CORP | Healthcare | 21.3K | $6.4M | 0.5% | New |
| UHS UNIVERSAL HEALTH SERVICES-B | Healthcare | 33.6K | $6.0M | 0.5% | -0.1% |
| AAPL APPLE INC | Technology | 14.8K | $3.8M | 0.3% | +1.0% |
| RUSHA RUSH ENTERPRISES INC-CL A | Consumer discretionary | 55.3K | $3.7M | 0.3% | New |
| ORCL ORACLE CORP | Technology | 16.4K | $2.4M | 0.2% | +4.1% |
| NVDA NVIDIA CORP | Technology | 13.0K | $2.3M | 0.2% | -7.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 84 | $1.21B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 87 | $1.33B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 72 | $1.48B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR/ARESTATEMENT | Aug 7, 2025 | 65 | $1.41B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 25, 2025 | 65 | $152.4M | SEC ↗ | |
| Q1 2025 | 13F-HR | May 13, 2025 | 75 | $1.44B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 59 | $1.38B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 60 | $1.43B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 26, 2024 | 65 | $1.16B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 6, 2024 | 64 | $1.03B | canonical | SEC ↗ |
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