Leith Wheeler Investment Counsel Ltd.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Leith Wheeler Investment Counsel Ltd. reported 75 stock positions worth $1.4 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 29.9% of the portfolio, followed by Wells Fargo (WFC, 3.4%) and Medtronic (MDT, 3.2%). Compared with Q4 2024, it opened 22 new positions, sold out of 6, added to 37 and reduced 13. The biggest buy was a new position in Becton Dickinson and (BDX) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- VANCOUVER, A1
- CIK
- 0001353651
- Portfolio Value
- $1.4B (Q1 2025)
- SEC Filing
- 0000950123-25-004686 ↗ filed May 13, 2025
Holdings Value
Holdings 75 stocks · $1.4B
| IVV iShares Core S&P 500 ETF | 29.94% | 766,794 | $430.9M | Reduce -0.8% |
| WFC Wells Fargo & Co. | 3.40% | 681,958 | $49.0M | Reduce -5.5% |
| MDT Medtronic PLC | 3.21% | 514,926 | $46.3M | Add +13.4% |
| EA Electronic Arts Inc. | 3.07% | 305,896 | $44.2M | Add +7.5% |
| LHX L3HARRIS Technologies Inc. | 2.57% | 176,578 | $37.0M | Add +12.0% |
| GOOGL Alphabet Inc. Class A | 2.57% | 238,902 | $36.9M | Add +0.2% |
| HSIC Henry Schein Inc. | 2.54% | 533,157 | $36.5M | Reduce -7.9% |
| HUM Humana Inc. | 2.51% | 136,363 | $36.1M | Add +6.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.50% | 364,358 | $36.0M | Add +6.3% |
| GPN Global Payments Inc. | 2.49% | 366,389 | $35.9M | Add +6.3% |
| V Visa Inc. Class A | 2.47% | 101,389 | $35.5M | Reduce -7.4% |
| QCOM Qualcomm Inc. | 2.26% | 211,573 | $32.5M | Add +3.0% |
| QQQM Invesco Nasdaq 100 ETF | 2.19% | 163,184 | $31.5M | Add +0.4% |
| BDX Becton Dickinson and Co. | 2.17% | 136,319 | $31.2M | New |
| BWA Borgwarner Inc. | 2.01% | 1,011,831 | $29.0M | New |
| CRM Salesforce Inc. | 1.95% | 104,834 | $28.1M | Add +43.0% |
| ADSK Autodesk Inc. | 1.95% | 107,309 | $28.1M | New |
| COR Cencora Inc. | 1.70% | 88,052 | $24.5M | Add +6.2% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 1.53% | 283,253 | $22.0M | New |
| MDLZ Mondelez International Inc. Class A | 1.38% | 293,438 | $19.9M | Reduce -14.4% |
| JPM JPMorgan Chase & Co. | 1.29% | 75,877 | $18.6M | Add +4.6% |
| CPAY Corpay Inc. | 1.25% | 51,507 | $18.0M | Add +1.3% |
| EXPE Expedia Group Inc. | 1.23% | 105,206 | $17.7M | Reduce -27.8% |
| MRK Merck & Co. Inc. | 1.16% | 186,529 | $16.7M | Add +64.4% |
| SEIC Sei Investments Company | 1.11% | 205,809 | $16.0M | Add +1.3% |
| PM Philip Morris International | 0.91% | 82,912 | $13.2M | Reduce -18.2% |
| KEYS Keysight Technologies Inc. | 0.91% | 86,976 | $13.0M | Add +1.3% |
| ALL Allstate Corp. | 0.90% | 62,864 | $13.0M | New |
| GOOG Alphabet Inc. Class C | 0.88% | 81,000 | $12.7M | Reduce -2.3% |
| GMED Globus Medical Inc. Class A | 0.87% | 171,648 | $12.6M | Add +1.3% |
| GL Globe Life Inc. | 0.84% | 91,746 | $12.1M | Reduce -20.0% |
| UHS Universal Health Services-B | 0.82% | 62,463 | $11.7M | Add +1.3% |
| BIP Brookfield Infrastructure Pa | 0.81% | 392,254 | $11.7M | Add +1.3% |
| ORI Old Republic Intl Corp. | 0.79% | 290,008 | $11.4M | Add +1.3% |
| SNA Snap-on Inc. | 0.75% | 32,005 | $10.8M | Add +1.3% |
| MIDD Middleby Corp. | 0.71% | 66,801 | $10.2M | Add +1.3% |
| CCK Crown Holdings Inc. | 0.67% | 108,760 | $9.7M | Add +1.3% |
| CSL Carlisle Cos Inc. | 0.67% | 28,364 | $9.7M | Add +1.3% |
| THC Tenet Healthcare Corp. | 0.63% | 67,794 | $9.1M | Add +5.4% |
| EFAX State Street SPDR MSCI Eafe | 0.63% | 212,011 | $9.1M | Reduce -5.1% |
| LAMR Lamar Advertising Co. Class A | 0.63% | 79,369 | $9.0M | Add +1.3% |
| WH Wyndham Hotels & Resorts Inc. | 0.62% | 99,110 | $9.0M | Add +1.3% |
| META Meta Platforms Inc. Class A | 0.60% | 14,909 | $8.6M | Reduce -16.7% |
| KMX Carmax Inc. | 0.58% | 107,638 | $8.4M | Add +1.1% |
| VOO Vanguard S&P 500 ETF | 0.58% | 16,137 | $8.3M | Reduce -3.3% |
| FA First Advantage Corp. | 0.56% | 571,464 | $8.1M | Add +1.3% |
| BAH Booz Allen Hamilton Holdings | 0.52% | 71,054 | $7.4M | New |
| HCA HCA Healthcare Inc. | 0.51% | 21,230 | $7.3M | Add +5.3% |
| GNTX Gentex Corp. | 0.50% | 309,007 | $7.2M | Add +1.4% |
| EFOR Everforth Inc. filed as ASGN INC | 0.45% | 103,709 | $6.5M | Add +1.3% |
| HAYW Hayward Holdings Inc. | 0.45% | 467,376 | $6.5M | Add +111.3% |
| HLMN Hillman Solutions Corp. | 0.41% | 674,066 | $5.9M | Add +1.2% |
| MKSI MKS Inc. filed as MKS INSTRS INC | 0.41% | 73,174 | $5.9M | Add +1.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.14% | 3,550 | $2.0M | Reduce -1.7% |
| EFA iShares MSCI Eafe ETF | 0.13% | 22,094 | $1.8M | Add +1.5% |
| CEFA Global X S&P Cath Val Devel | 0.11% | 46,363 | $1.6M | New |
| MSFT Microsoft Corp. | 0.08% | 3,182 | $1.2M | Add +110.7% |
| AAPL Apple Inc. | 0.05% | 3,438 | $764K | New |
| AMZN Amazon.com Inc. | 0.05% | 3,978 | $757K | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.05% | 1,359 | $724K | New |
| COST Costco Wholesale Corp. | 0.04% | 647 | $612K | New |
| OEF iShares S&P 100 ETF | 0.02% | 1,200 | $325K | No change |
| SPGI S&P Global Inc. | 0.02% | 630 | $320K | New |
| LLY Eli Lilly & Co. | 0.02% | 387 | $320K | New |
| AON Aon PLC Class A | 0.02% | 788 | $314K | New |
| VT Vanguard Tot World STK ETF | 0.02% | 2,626 | $304K | No change |
| AZO AutoZone Inc. | 0.02% | 78 | $297K | New |
| HD Home Depot Inc. | 0.02% | 808 | $296K | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.02% | 2,409 | $293K | New |
| VGT Vanguard Info Tech ETF | 0.02% | 500 | $271K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.02% | 1,631 | $271K | New |
| DE Deere & Co. | 0.02% | 529 | $248K | New |
| MS Morgan Stanley | 0.02% | 2,036 | $238K | New |
| LIN Linde PLC | 0.02% | 495 | $230K | New |
| WM Waste Management Inc. | 0.01% | 917 | $212K | New |
Portfolio Sells Q4 2024 → Q1 2025
| IVV iShares Core S&P 500 ETF | Reduce -0.8% | 29.94% | −3.02 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.88 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.86 |
| DLTR Dollar Tree Inc. | Sold out | 0.00% | −0.86 |
| LW Lamb Weston Holdings Inc. | Sold out | 0.00% | −0.78 |
| EXPE Expedia Group Inc. | Reduce -27.8% | 1.23% | −0.74 |
| HSIC Henry Schein Inc. | Reduce -7.9% | 2.54% | −0.36 |
| CABO Cable One Inc. | Sold out | 0.00% | −0.35 |
| WFC Wells Fargo & Co. | Reduce -5.5% | 3.40% | −0.27 |
| GOOG Alphabet Inc. Class C | Reduce -2.3% | 0.88% | −0.26 |
| META Meta Platforms Inc. Class A | Reduce -16.7% | 0.60% | −0.16 |
| CCEP Coca-Cola Europacific Partne | Sold out | 0.00% | −0.13 |
| MDLZ Mondelez International Inc. Class A | Reduce -14.4% | 1.38% | −0.10 |
| GL Globe Life Inc. | Reduce -20.0% | 0.84% | −0.09 |
| VOO Vanguard S&P 500 ETF | Reduce -3.3% | 0.58% | −0.07 |
| V Visa Inc. Class A | Reduce -7.4% | 2.47% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.7% | 0.14% | −0.02 |
| EFAX State Street SPDR MSCI Eafe | Reduce -5.1% | 0.63% | −0.01 |
| PM Philip Morris International | Reduce -18.2% | 0.91% | +0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| BDX Becton Dickinson and Co. | New | 2.17% | +2.17 |
| BWA Borgwarner Inc. | New | 2.01% | +2.01 |
| ADSK Autodesk Inc. | New | 1.95% | +1.95 |
| IFF Intl Flavors & Fragrances | New | 1.53% | +1.53 |
| ALL Allstate Corp. | New | 0.90% | +0.90 |
| MDT Medtronic PLC | Add +13.4% | 3.21% | +0.59 |
| BAH Booz Allen Hamilton Holdings | New | 0.52% | +0.52 |
| COR Cencora Inc. | Add +6.2% | 1.70% | +0.35 |
| MRK Merck & Co. Inc. | Add +64.4% | 1.16% | +0.35 |
| HAYW Hayward Holdings Inc. | Add +111.3% | 0.45% | +0.21 |
| CRM Salesforce Inc. | Add +43.0% | 1.95% | +0.18 |
| LHX L3HARRIS Technologies Inc. | Add +12.0% | 2.57% | +0.17 |
| HUM Humana Inc. | Add +6.9% | 2.51% | +0.16 |
| CEFA Global X S&P Cath Val Devel | New | 0.11% | +0.11 |
| HCA HCA Healthcare Inc. | Add +5.3% | 0.51% | +0.07 |
| MIDD Middleby Corp. | Add +1.3% | 0.71% | +0.06 |
| EA Electronic Arts Inc. | Add +7.5% | 3.07% | +0.06 |
| AAPL Apple Inc. | New | 0.05% | +0.05 |
| AMZN Amazon.com Inc. | New | 0.05% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.05% | +0.05 |
| THC Tenet Healthcare Corp. | Add +5.4% | 0.63% | +0.05 |
| COST Costco Wholesale Corp. | New | 0.04% | +0.04 |
| ORI Old Republic Intl Corp. | Add +1.3% | 0.79% | +0.04 |
| MSFT Microsoft Corp. | Add +110.7% | 0.08% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +4.6% | 1.29% | +0.03 |
| CCK Crown Holdings Inc. | Add +1.3% | 0.67% | +0.03 |
| LLY Eli Lilly & Co. | New | 0.02% | +0.02 |
| SPGI S&P Global Inc. | New | 0.02% | +0.02 |
| AON Aon PLC Class A | New | 0.02% | +0.02 |
| AZO AutoZone Inc. | New | 0.02% | +0.02 |
| HD Home Depot Inc. | New | 0.02% | +0.02 |
| TJX TJX Companies Inc. | New | 0.02% | +0.02 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.02% | +0.02 |
| DE Deere & Co. | New | 0.02% | +0.02 |
| MS Morgan Stanley | New | 0.02% | +0.02 |
| LIN Linde PLC | New | 0.02% | +0.02 |
| WM Waste Management Inc. | New | 0.01% | +0.01 |
| UHS Universal Health Services-B | Add +1.3% | 0.82% | +0.01 |
| EFA iShares MSCI Eafe ETF | Add +1.5% | 0.13% | +0.01 |
| CPAY Corpay Inc. | Add +1.3% | 1.25% | +0.00 |
| QCOM Qualcomm Inc. | Add +3.0% | 2.26% | −0.03 |
| SNA Snap-on Inc. | Add +1.3% | 0.75% | −0.03 |
| KMX Carmax Inc. | Add +1.1% | 0.58% | −0.05 |
| HLMN Hillman Solutions Corp. | Add +1.2% | 0.41% | −0.06 |
| LAMR Lamar Advertising Co. Class A | Add +1.3% | 0.63% | −0.06 |
| CSL Carlisle Cos Inc. | Add +1.3% | 0.67% | −0.08 |
| BIP Brookfield Infrastructure Pa | Add +1.3% | 0.81% | −0.08 |
| WH Wyndham Hotels & Resorts Inc. | Add +1.3% | 0.62% | −0.09 |
| KEYS Keysight Technologies Inc. | Add +1.3% | 0.91% | −0.09 |
| SEIC Sei Investments Company | Add +1.3% | 1.11% | −0.10 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 85 | $1.3B | IVV, MSFT, UNH, GOOGL, V |
| Q1 2026 | 84 | $1.2B | IVV, LHX, WFC, GOOGL, V |
| Q4 2025 | 87 | $1.3B | IVV, LHX, GOOGL, WFC, CRM |
| Q3 2025 | 72 | $1.5B | IVV, UNH, MDT, LHX, GOOGL |
| Q2 2025Amended | 65 | $1.4B | IVV, LHX, GOOGL, DIS, HSIC |
| Q1 2025 | 75 | $1.4B | IVV, WFC, MDT, EA, LHX |
| Q4 2024 | 59 | $1.4B | IVV, WFC, GOOGL, EA, HSIC |
| Q3 2024 | 60 | $1.4B | IVV, HSIC, QCOM, WFC, MDT |
| Q2 2024 | 65 | $1.2B | IVV, QQQM, GOOGL, HSIC, QCOM |
| Q1 2024 | 64 | $1.0B | IVV, QQQM, HSIC, GOOGL, GPN |