Leith Wheeler Investment Counsel Ltd.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Leith Wheeler Investment Counsel Ltd. reported 65 stock positions worth $1.4 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 33.5% of the portfolio, followed by L3HARRIS Technologies (LHX, 3.2%) and Alphabet Class A (GOOGL, 3.0%). Compared with Q1 2025, it opened 5 new positions, sold out of 15, added to 17 and reduced 37. The biggest buy was a new position in Nike Class B (NKE) and the biggest sale Humana (HUM, shares −69%).
- Most Recent 13F
- Q2 2026
- Location
- VANCOUVER, A1
- CIK
- 0001353651
- Portfolio Value
- $1.4B (Q2 2025)
- SEC Filing
- 0000950123-25-007226 ↗ filed Aug 7, 2025
Holdings Value
Holdings 65 stocks · $1.4B
| IVV iShares Core S&P 500 ETF | 33.53% | 759,132 | $471.3M | Reduce -1.0% |
| LHX L3HARRIS Technologies Inc. | 3.18% | 178,418 | $44.8M | Add +1.0% |
| GOOGL Alphabet Inc. Class A | 3.04% | 242,590 | $42.8M | Add +1.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.89% | 327,899 | $40.7M | Reduce -10.0% |
| HSIC Henry Schein Inc. | 2.78% | 535,078 | $39.1M | Add +0.4% |
| CRM Salesforce Inc. | 2.77% | 142,981 | $39.0M | Add +36.4% |
| QQQM Invesco Nasdaq 100 ETF | 2.64% | 163,184 | $37.1M | No change |
| WFC Wells Fargo & Co. | 2.56% | 449,815 | $36.0M | Reduce -34.0% |
| BWA Borgwarner Inc. | 2.47% | 1,038,703 | $34.8M | Add +2.7% |
| ADSK Autodesk Inc. | 2.42% | 109,859 | $34.0M | Add +2.4% |
| MDT Medtronic PLC | 2.19% | 353,294 | $30.8M | Reduce -31.4% |
| GPN Global Payments Inc. | 2.14% | 376,398 | $30.1M | Add +2.7% |
| EA Electronic Arts Inc. | 2.11% | 186,143 | $29.7M | Reduce -39.1% |
| V Visa Inc. Class A | 2.09% | 82,813 | $29.4M | Reduce -18.3% |
| BDX Becton Dickinson and Co. | 2.04% | 166,692 | $28.7M | Add +22.3% |
| QCOM Qualcomm Inc. | 1.60% | 141,067 | $22.5M | Reduce -33.3% |
| COR Cencora Inc. | 1.55% | 72,596 | $21.8M | Reduce -17.6% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 1.49% | 284,423 | $20.9M | Add +0.4% |
| JPM JPMorgan Chase & Co. | 1.46% | 70,688 | $20.5M | Reduce -6.8% |
| EXPE Expedia Group Inc. | 1.30% | 107,973 | $18.2M | Add +2.6% |
| SEIC Sei Investments Company | 1.28% | 200,409 | $18.0M | Reduce -2.6% |
| MDLZ Mondelez International Inc. Class A | 1.26% | 262,280 | $17.7M | Reduce -10.6% |
| NKE Nike Inc. Class B | 1.20% | 238,355 | $16.9M | New |
| THC Tenet Healthcare Corp. | 1.19% | 94,873 | $16.7M | Add +39.9% |
| CPAY Corpay Inc. | 1.18% | 50,173 | $16.6M | Reduce -2.6% |
| UNH Unitedhealth Group Inc. | 1.05% | 47,284 | $14.8M | New |
| KEYS Keysight Technologies Inc. | 0.99% | 84,695 | $13.9M | Reduce -2.6% |
| BIP Brookfield Infrastructure Pa | 0.91% | 382,053 | $12.8M | Reduce -2.6% |
| META Meta Platforms Inc. Class A | 0.80% | 15,301 | $11.3M | Add +2.6% |
| GMED Globus Medical Inc. Class A | 0.80% | 190,338 | $11.2M | Add +10.9% |
| CCK Crown Holdings Inc. | 0.78% | 105,966 | $10.9M | Reduce -2.6% |
| ORI Old Republic Intl Corp. | 0.77% | 282,507 | $10.9M | Reduce -2.6% |
| CNM Core & Main Inc. Class A | 0.74% | 172,137 | $10.4M | New |
| HUM Humana Inc. | 0.74% | 42,454 | $10.4M | Reduce -68.9% |
| CSL Carlisle Cos Inc. | 0.73% | 27,625 | $10.3M | Reduce -2.6% |
| MIDD Middleby Corp. | 0.73% | 71,085 | $10.2M | Add +6.4% |
| EFAX State Street SPDR MSCI Eafe | 0.73% | 215,627 | $10.2M | Add +1.7% |
| UHS Universal Health Services-B | 0.69% | 53,702 | $9.7M | Reduce -14.0% |
| LAMR Lamar Advertising Co. Class A | 0.67% | 77,307 | $9.4M | Reduce -2.6% |
| FA First Advantage Corp. | 0.66% | 556,578 | $9.2M | Reduce -2.6% |
| HAYW Hayward Holdings Inc. | 0.61% | 621,931 | $8.6M | Add +33.1% |
| VOO Vanguard S&P 500 ETF | 0.59% | 14,637 | $8.3M | Reduce -9.3% |
| GL Globe Life Inc. | 0.53% | 59,675 | $7.4M | Reduce -35.0% |
| SNA Snap-on Inc. | 0.52% | 23,336 | $7.3M | Reduce -27.1% |
| MKSI MKS Inc. | 0.50% | 71,288 | $7.1M | Reduce -2.6% |
| KMX Carmax Inc. | 0.50% | 104,826 | $7.0M | Reduce -2.6% |
| GNTX Gentex Corp. | 0.47% | 300,957 | $6.6M | Reduce -2.6% |
| BAH Booz Allen Hamilton Holdings | 0.46% | 62,612 | $6.5M | Reduce -11.9% |
| EFOR Everforth Inc. filed as ASGN INC | 0.36% | 101,008 | $5.0M | Reduce -2.6% |
| HLMN Hillman Solutions Corp. | 0.33% | 656,807 | $4.7M | Reduce -2.6% |
| SNX TD Synnex Corp. | 0.25% | 25,438 | $3.5M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.16% | 3,550 | $2.2M | No change |
| CEFA Global X S&P Cath Val Devel | 0.13% | 52,495 | $1.8M | Add +13.2% |
| EFA iShares MSCI Eafe ETF | 0.12% | 18,491 | $1.7M | Reduce -16.3% |
| MSFT Microsoft Corp. | 0.05% | 1,359 | $676K | Reduce -57.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.05% | 1,359 | $660K | No change |
| AAPL Apple Inc. | 0.04% | 2,477 | $508K | Reduce -27.9% |
| GOOG Alphabet Inc. Class C | 0.03% | 2,709 | $481K | Reduce -96.7% |
| AMZN Amazon.com Inc. | 0.03% | 1,827 | $401K | Reduce -54.1% |
| OEF iShares S&P 100 ETF | 0.03% | 1,200 | $365K | No change |
| VT Vanguard Tot World STK ETF | 0.02% | 2,626 | $337K | No change |
| PM Philip Morris International | 0.02% | 1,543 | $281K | Reduce -98.1% |
| MRK Merck & Co. Inc. | 0.02% | 3,236 | $256K | Reduce -98.3% |
| VGK Vanguard Ftse Europe ETF | 0.02% | 2,750 | $213K | New |
| WM Waste Management Inc. | 0.01% | 917 | $210K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| HUM Humana Inc. | Reduce -68.9% | 0.74% | −1.77 |
| MRK Merck & Co. Inc. | Reduce -98.3% | 0.02% | −1.15 |
| MDT Medtronic PLC | Reduce -31.4% | 2.19% | −1.02 |
| EA Electronic Arts Inc. | Reduce -39.1% | 2.11% | −0.96 |
| ALL Allstate Corp. | Sold out | 0.00% | −0.90 |
| PM Philip Morris International | Reduce -98.1% | 0.02% | −0.89 |
| GOOG Alphabet Inc. Class C | Reduce -96.7% | 0.03% | −0.85 |
| WFC Wells Fargo & Co. | Reduce -34.0% | 2.56% | −0.84 |
| QCOM Qualcomm Inc. | Reduce -33.3% | 1.60% | −0.66 |
| WH Wyndham Hotels & Resorts Inc. | Sold out | 0.00% | −0.62 |
| HCA HCA Healthcare Inc. | Sold out | 0.00% | −0.51 |
| V Visa Inc. Class A | Reduce -18.3% | 2.09% | −0.38 |
| GL Globe Life Inc. | Reduce -35.0% | 0.53% | −0.31 |
| SNA Snap-on Inc. | Reduce -27.1% | 0.52% | −0.23 |
| COR Cencora Inc. | Reduce -17.6% | 1.55% | −0.15 |
| MDLZ Mondelez International Inc. Class A | Reduce -10.6% | 1.26% | −0.13 |
| UHS Universal Health Services-B | Reduce -14.0% | 0.69% | −0.12 |
| EFOR Everforth Inc. | Reduce -2.6% | 0.36% | −0.10 |
| KMX Carmax Inc. | Reduce -2.6% | 0.50% | −0.08 |
| HLMN Hillman Solutions Corp. | Reduce -2.6% | 0.33% | −0.08 |
| CPAY Corpay Inc. | Reduce -2.6% | 1.18% | −0.06 |
| BAH Booz Allen Hamilton Holdings | Reduce -11.9% | 0.46% | −0.05 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.04 |
| MSFT Microsoft Corp. | Reduce -57.3% | 0.05% | −0.03 |
| GNTX Gentex Corp. | Reduce -2.6% | 0.47% | −0.03 |
| AMZN Amazon.com Inc. | Reduce -54.1% | 0.03% | −0.02 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.02 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.02 |
| AON Aon PLC Class A | Sold out | 0.00% | −0.02 |
| AZO AutoZone Inc. | Sold out | 0.00% | −0.02 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.02 |
| TJX TJX Companies Inc. | Sold out | 0.00% | −0.02 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.02 |
| VGT Vanguard Info Tech ETF | Sold out | 0.00% | −0.02 |
| ORI Old Republic Intl Corp. | Reduce -2.6% | 0.77% | −0.02 |
| DE Deere & Co. | Sold out | 0.00% | −0.02 |
| AAPL Apple Inc. | Reduce -27.9% | 0.04% | −0.02 |
| MS Morgan Stanley | Sold out | 0.00% | −0.02 |
| LIN Linde PLC | Sold out | 0.00% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -16.3% | 0.12% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -9.3% | 0.59% | +0.02 |
| LAMR Lamar Advertising Co. Class A | Reduce -2.6% | 0.67% | +0.04 |
| CSL Carlisle Cos Inc. | Reduce -2.6% | 0.73% | +0.06 |
| KEYS Keysight Technologies Inc. | Reduce -2.6% | 0.99% | +0.08 |
| MKSI MKS Inc. | Reduce -2.6% | 0.50% | +0.10 |
| FA First Advantage Corp. | Reduce -2.6% | 0.66% | +0.10 |
| BIP Brookfield Infrastructure Pa | Reduce -2.6% | 0.91% | +0.10 |
| CCK Crown Holdings Inc. | Reduce -2.6% | 0.78% | +0.10 |
| JPM JPMorgan Chase & Co. | Reduce -6.8% | 1.46% | +0.16 |
| SEIC Sei Investments Company | Reduce -2.6% | 1.28% | +0.17 |
Portfolio Buys Q1 2025 → Q2 2025
| NKE Nike Inc. Class B | New | 1.20% | +1.20 |
| UNH Unitedhealth Group Inc. | New | 1.05% | +1.05 |
| CRM Salesforce Inc. | Add +36.4% | 2.77% | +0.82 |
| CNM Core & Main Inc. Class A | New | 0.74% | +0.74 |
| LHX L3HARRIS Technologies Inc. | Add +1.0% | 3.18% | +0.62 |
| THC Tenet Healthcare Corp. | Add +39.9% | 1.19% | +0.55 |
| GOOGL Alphabet Inc. Class A | Add +1.5% | 3.04% | +0.47 |
| ADSK Autodesk Inc. | Add +2.4% | 2.42% | +0.47 |
| BWA Borgwarner Inc. | Add +2.7% | 2.47% | +0.46 |
| SNX TD Synnex Corp. | New | 0.25% | +0.25 |
| HSIC Henry Schein Inc. | Add +0.4% | 2.78% | +0.24 |
| META Meta Platforms Inc. Class A | Add +2.6% | 0.80% | +0.21 |
| HAYW Hayward Holdings Inc. | Add +33.1% | 0.61% | +0.16 |
| EFAX State Street SPDR MSCI Eafe | Add +1.7% | 0.73% | +0.09 |
| EXPE Expedia Group Inc. | Add +2.6% | 1.30% | +0.07 |
| MIDD Middleby Corp. | Add +6.4% | 0.73% | +0.02 |
| CEFA Global X S&P Cath Val Devel | Add +13.2% | 0.13% | +0.02 |
| VGK Vanguard Ftse Europe ETF | New | 0.02% | +0.02 |
| IFF Intl Flavors & Fragrances | Add +0.4% | 1.49% | −0.04 |
| GMED Globus Medical Inc. Class A | Add +10.9% | 0.80% | −0.07 |
| BDX Becton Dickinson and Co. | Add +22.3% | 2.04% | −0.13 |
| GPN Global Payments Inc. | Add +2.7% | 2.14% | −0.35 |
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 |