Leith Wheeler Investment Counsel Ltd.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Leith Wheeler Investment Counsel Ltd. reported 87 stock positions worth $1.3 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 34.7% of the portfolio, followed by L3HARRIS Technologies (LHX, 3.2%) and Alphabet Class A (GOOGL, 3.2%). Compared with Q3 2025, it opened 22 new positions, sold out of 7, added to 24 and reduced 35. The biggest buy was a new position in Wells Fargo (WFC) and the biggest sale Alphabet Class C (GOOG, shares −95%).
- Most Recent 13F
- Q2 2026
- Location
- VANCOUVER, A1
- CIK
- 0001353651
- Portfolio Value
- $1.3B (Q4 2025)
- SEC Filing
- 0001193125-26-048722 ↗ filed Feb 12, 2026
Holdings Value
Holdings 87 stocks · $1.3B
| IVV iShares Core S&P 500 ETF | 34.66% | 674,149 | $461.8M | Reduce -6.6% |
| LHX L3HARRIS Technologies Inc. | 3.24% | 147,225 | $43.2M | Reduce -8.7% |
| GOOGL Alphabet Inc. Class A | 3.16% | 134,304 | $42.0M | Reduce -28.9% |
| WFC Wells Fargo & Co. | 2.84% | 406,490 | $37.9M | New |
| CRM Salesforce Inc. | 2.78% | 139,941 | $37.1M | Add +2.4% |
| UNH Unitedhealth Group Inc. | 2.70% | 109,082 | $36.0M | Reduce -31.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.52% | 295,547 | $33.6M | Add +2.6% |
| MDT Medtronic PLC | 2.30% | 318,844 | $30.6M | Reduce -39.1% |
| BDX Becton Dickinson and Co. | 2.29% | 156,985 | $30.5M | Add +6.2% |
| ADSK Autodesk Inc. | 2.17% | 97,813 | $29.0M | Add +2.3% |
| HSIC Henry Schein Inc. | 2.06% | 363,393 | $27.5M | Reduce -25.9% |
| QQQM Invesco Nasdaq 100 ETF | 2.01% | 106,140 | $26.8M | Reduce -26.6% |
| V Visa Inc. Class A | 2.00% | 76,055 | $26.7M | Add +3.4% |
| BWA Borgwarner Inc. | 1.82% | 537,163 | $24.2M | Reduce -13.1% |
| QCOM Qualcomm Inc. | 1.63% | 127,175 | $21.8M | Reduce -43.9% |
| JPM JPMorgan Chase & Co. | 1.54% | 63,871 | $20.6M | Reduce -6.5% |
| NKE Nike Inc. Class B | 1.49% | 311,496 | $19.8M | Add +2.6% |
| META Meta Platforms Inc. Class A | 1.41% | 28,461 | $18.8M | Add +110.0% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 1.31% | 258,429 | $17.4M | Reduce -0.3% |
| KD Kyndryl Holdings Inc. | 1.28% | 644,099 | $17.1M | Add +2.3% |
| SEIC Sei Investments Company | 1.21% | 196,383 | $16.1M | Reduce -3.4% |
| CPAY Corpay Inc. | 1.17% | 51,673 | $15.5M | Reduce -3.4% |
| GMED Globus Medical Inc. Class A | 1.14% | 173,323 | $15.1M | Reduce -3.4% |
| KEYS Keysight Technologies Inc. | 1.08% | 70,765 | $14.4M | Reduce -11.3% |
| EA Electronic Arts Inc. | 1.03% | 67,433 | $13.8M | Reduce -58.4% |
| COR Cencora Inc. | 1.02% | 40,171 | $13.6M | Reduce -27.9% |
| GPN Global Payments Inc. | 0.91% | 156,904 | $12.1M | Add +0.1% |
| BIP Brookfield Infrastructure Pa | 0.91% | 347,863 | $12.1M | Reduce -3.4% |
| ORI Old Republic Intl Corp. | 0.88% | 257,209 | $11.7M | Reduce -3.4% |
| MDLZ Mondelez International Inc. Class A | 0.83% | 206,275 | $11.1M | Add +4.8% |
| EFAX State Street SPDR MSCI Eafe | 0.83% | 219,527 | $11.1M | Add +1.8% |
| THC Tenet Healthcare Corp. | 0.78% | 52,239 | $10.4M | Add +2.3% |
| CCK Crown Holdings Inc. | 0.75% | 96,448 | $9.9M | Reduce -3.4% |
| MIDD Middleby Corp. | 0.72% | 64,722 | $9.6M | Reduce -3.4% |
| SNA Snap-on Inc. | 0.69% | 26,797 | $9.2M | Add +12.2% |
| LAMR Lamar Advertising Co. Class A | 0.67% | 70,359 | $8.9M | Reduce -3.4% |
| CNM Core & Main Inc. Class A | 0.66% | 169,142 | $8.8M | Reduce -3.3% |
| HAYW Hayward Holdings Inc. | 0.66% | 566,357 | $8.8M | Reduce -3.4% |
| FA First Advantage Corp. | 0.65% | 592,914 | $8.6M | Add +13.1% |
| CSL Carlisle Cos Inc. | 0.60% | 25,141 | $8.0M | Reduce -3.4% |
| MKSI MKS Inc. | 0.58% | 48,469 | $7.7M | Reduce -27.8% |
| GL Globe Life Inc. | 0.57% | 54,328 | $7.6M | Reduce -3.4% |
| UHS Universal Health Services-B | 0.55% | 33,615 | $7.3M | Reduce -3.4% |
| GNTX Gentex Corp. | 0.53% | 301,161 | $7.0M | Add +6.2% |
| WH Wyndham Hotels & Resorts Inc. | 0.50% | 87,876 | $6.6M | New |
| LPX Louisiana-Pacific Corp. | 0.49% | 80,487 | $6.5M | Add +89.2% |
| HLMN Hillman Solutions Corp. | 0.47% | 729,541 | $6.3M | Add +7.3% |
| RRC Range Resources Corp. | 0.45% | 168,332 | $5.9M | New |
| AWR American States Water Co. filed as AMER STATES WTR CO | 0.43% | 78,500 | $5.7M | New |
| AAPL Apple Inc. | 0.30% | 14,668 | $4.0M | Add +404.4% |
| ORCL Oracle Corp. | 0.23% | 15,790 | $3.1M | Reduce -72.6% |
| NVDA Nvidia Corp. | 0.20% | 14,000 | $2.6M | New |
| MSFT Microsoft Corp. | 0.19% | 5,194 | $2.5M | Add +229.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.18% | 3,585 | $2.4M | No change |
| SNX TD Synnex Corp. | 0.17% | 15,030 | $2.3M | Reduce -24.5% |
| CEFA Global X S&P Cath Val Devel | 0.16% | 58,300 | $2.2M | No change |
| GOOG Alphabet Inc. Class C | 0.14% | 6,031 | $1.9M | Reduce -94.7% |
| EFA iShares MSCI Eafe ETF | 0.12% | 17,086 | $1.6M | Reduce -0.1% |
| AMZN Amazon.com Inc. | 0.12% | 6,653 | $1.5M | Add +174.1% |
| MA Mastercard Inc. Class A | 0.10% | 2,440 | $1.4M | Add +235.2% |
| PEP Pepsico Inc. | 0.10% | 8,965 | $1.3M | Add +507.8% |
| DEO Diageo PLC-Sponsored ADR | 0.08% | 12,740 | $1.1M | New |
| JNJ Johnson & Johnson | 0.08% | 4,897 | $1.0M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.07% | 1,845 | $927K | Reduce -96.4% |
| BSX Boston Scientific Corp. | 0.07% | 9,450 | $901K | Add +278.0% |
| TSLA Tesla Inc. | 0.07% | 2,000 | $899K | New |
| SAP Sap SE-Sponsored ADR | 0.07% | 3,670 | $891K | Add +307.8% |
| PG The Procter & Gamble Co. | 0.06% | 5,919 | $848K | New |
| ABT Abbott Laboratories | 0.06% | 6,055 | $759K | New |
| UL Unilever PLC-Sponsored ADR | 0.05% | 10,166 | $665K | New |
| GS Goldman Sachs Group Inc. | 0.04% | 600 | $527K | New |
| AXP American Express Co. | 0.04% | 1,300 | $481K | New |
| FISV Fiserv Inc. | 0.03% | 6,280 | $422K | New |
| CL Colgate-Palmolive Co. | 0.03% | 5,250 | $415K | New |
| OEF iShares S&P 100 ETF | 0.03% | 1,200 | $412K | No change |
| DHR Danaher Corp. | 0.03% | 1,770 | $405K | New |
| CIGI Colliers Intl GR-Subord Vot | 0.03% | 2,500 | $368K | New |
| VT Vanguard Tot World STK ETF | 0.03% | 2,590 | $365K | Reduce -1.4% |
| COST Costco Wholesale Corp. | 0.02% | 371 | $320K | New |
| HD Home Depot Inc. | 0.02% | 786 | $270K | New |
| PM Philip Morris International | 0.02% | 1,543 | $248K | Reduce -98.1% |
| ACN Accenture PLC Class A | 0.02% | 905 | $243K | New |
| VGK Vanguard Ftse Europe ETF | 0.02% | 2,750 | $230K | No change |
| SHOP Shopify Inc. Class A | 0.02% | 1,410 | $227K | No change |
| VPL Vanguard Ftse Pacific ETF | 0.02% | 2,400 | $217K | No change |
| MRK Merck & Co. Inc. | 0.02% | 1,929 | $203K | New |
| WM Waste Management Inc. | 0.02% | 917 | $201K | New |
Portfolio Sells Q3 2025 → Q4 2025
| GOOG Alphabet Inc. Class C | Reduce -94.7% | 0.14% | −1.75 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -96.4% | 0.07% | −1.66 |
| EA Electronic Arts Inc. | Reduce -58.4% | 1.03% | −1.18 |
| MDT Medtronic PLC | Reduce -39.1% | 2.30% | −1.08 |
| UNH Unitedhealth Group Inc. | Reduce -31.1% | 2.70% | −1.00 |
| QCOM Qualcomm Inc. | Reduce -43.9% | 1.63% | −0.92 |
| PM Philip Morris International | Reduce -98.1% | 0.02% | −0.87 |
| ORCL Oracle Corp. | Reduce -72.6% | 0.23% | −0.87 |
| HUM Humana Inc. | Sold out | 0.00% | −0.73 |
| ALL Allstate Corp. | Sold out | 0.00% | −0.68 |
| VOO Vanguard S&P 500 ETF | Sold out | 0.00% | −0.61 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -26.6% | 2.01% | −0.40 |
| BAH Booz Allen Hamilton Holdings | Sold out | 0.00% | −0.40 |
| COR Cencora Inc. | Reduce -27.9% | 1.02% | −0.16 |
| EFOR Everforth Inc. | Sold out | 0.00% | −0.15 |
| HSIC Henry Schein Inc. | Reduce -25.9% | 2.06% | −0.14 |
| LHX L3HARRIS Technologies Inc. | Reduce -8.7% | 3.24% | −0.09 |
| SNN Smith & Nephew PLC -Spon ADR | Sold out | 0.00% | −0.08 |
| KMX Carmax Inc. | Sold out | 0.00% | −0.07 |
| SNX TD Synnex Corp. | Reduce -24.5% | 0.17% | −0.05 |
| BWA Borgwarner Inc. | Reduce -13.1% | 1.82% | −0.02 |
| VT Vanguard Tot World STK ETF | Reduce -1.4% | 0.03% | +0.00 |
| EFA iShares MSCI Eafe ETF | Reduce -0.1% | 0.12% | +0.02 |
| MKSI MKS Inc. | Reduce -27.8% | 0.58% | +0.02 |
| CNM Core & Main Inc. Class A | Reduce -3.3% | 0.66% | +0.02 |
| CSL Carlisle Cos Inc. | Reduce -3.4% | 0.60% | +0.02 |
| GL Globe Life Inc. | Reduce -3.4% | 0.57% | +0.03 |
| SEIC Sei Investments Company | Reduce -3.4% | 1.21% | +0.04 |
| GOOGL Alphabet Inc. Class A | Reduce -28.9% | 3.16% | +0.05 |
| HAYW Hayward Holdings Inc. | Reduce -3.4% | 0.66% | +0.06 |
| LAMR Lamar Advertising Co. Class A | Reduce -3.4% | 0.67% | +0.07 |
| UHS Universal Health Services-B | Reduce -3.4% | 0.55% | +0.07 |
| JPM JPMorgan Chase & Co. | Reduce -6.5% | 1.54% | +0.09 |
| CCK Crown Holdings Inc. | Reduce -3.4% | 0.75% | +0.09 |
| BIP Brookfield Infrastructure Pa | Reduce -3.4% | 0.91% | +0.11 |
| ORI Old Republic Intl Corp. | Reduce -3.4% | 0.88% | +0.12 |
| MIDD Middleby Corp. | Reduce -3.4% | 0.72% | +0.12 |
| CPAY Corpay Inc. | Reduce -3.4% | 1.17% | +0.12 |
| KEYS Keysight Technologies Inc. | Reduce -11.3% | 1.08% | +0.13 |
| IFF Intl Flavors & Fragrances | Reduce -0.3% | 1.31% | +0.23 |
| GMED Globus Medical Inc. Class A | Reduce -3.4% | 1.14% | +0.44 |
| IVV iShares Core S&P 500 ETF | Reduce -6.6% | 34.66% | +1.96 |
Portfolio Buys Q3 2025 → Q4 2025
| WFC Wells Fargo & Co. | New | 2.84% | +2.84 |
| META Meta Platforms Inc. Class A | Add +110.0% | 1.41% | +0.74 |
| CRM Salesforce Inc. | Add +2.4% | 2.78% | +0.59 |
| WH Wyndham Hotels & Resorts Inc. | New | 0.50% | +0.50 |
| RRC Range Resources Corp. | New | 0.45% | +0.45 |
| AWR American States Water Co. | New | 0.43% | +0.43 |
| BDX Becton Dickinson and Co. | Add +6.2% | 2.29% | +0.41 |
| V Visa Inc. Class A | Add +3.4% | 2.00% | +0.30 |
| DIS The Walt Disney Co. | Add +2.6% | 2.52% | +0.29 |
| AAPL Apple Inc. | Add +404.4% | 0.30% | +0.25 |
| LPX Louisiana-Pacific Corp. | Add +89.2% | 0.49% | +0.23 |
| NVDA Nvidia Corp. | New | 0.20% | +0.20 |
| MSFT Microsoft Corp. | Add +229.2% | 0.19% | +0.13 |
| SNA Snap-on Inc. | Add +12.2% | 0.69% | +0.13 |
| ADSK Autodesk Inc. | Add +2.3% | 2.17% | +0.12 |
| EFAX State Street SPDR MSCI Eafe | Add +1.8% | 0.83% | +0.11 |
| FA First Advantage Corp. | Add +13.1% | 0.65% | +0.10 |
| DEO Diageo PLC-Sponsored ADR | New | 0.08% | +0.08 |
| PEP Pepsico Inc. | Add +507.8% | 0.10% | +0.08 |
| AMZN Amazon.com Inc. | Add +174.1% | 0.12% | +0.08 |
| THC Tenet Healthcare Corp. | Add +2.3% | 0.78% | +0.08 |
| MA Mastercard Inc. Class A | Add +235.2% | 0.10% | +0.08 |
| JNJ Johnson & Johnson | New | 0.08% | +0.08 |
| TSLA Tesla Inc. | New | 0.07% | +0.07 |
| PG The Procter & Gamble Co. | New | 0.06% | +0.06 |
| ABT Abbott Laboratories | New | 0.06% | +0.06 |
| NKE Nike Inc. Class B | Add +2.6% | 1.49% | +0.06 |
| HLMN Hillman Solutions Corp. | Add +7.3% | 0.47% | +0.05 |
| BSX Boston Scientific Corp. | Add +278.0% | 0.07% | +0.05 |
| SAP Sap SE-Sponsored ADR | Add +307.8% | 0.07% | +0.05 |
| UL Unilever PLC-Sponsored ADR | New | 0.05% | +0.05 |
| GS Goldman Sachs Group Inc. | New | 0.04% | +0.04 |
| AXP American Express Co. | New | 0.04% | +0.04 |
| FISV Fiserv Inc. | New | 0.03% | +0.03 |
| CL Colgate-Palmolive Co. | New | 0.03% | +0.03 |
| DHR Danaher Corp. | New | 0.03% | +0.03 |
| GPN Global Payments Inc. | Add +0.1% | 0.91% | +0.03 |
| CIGI Colliers Intl GR-Subord Vot | New | 0.03% | +0.03 |
| COST Costco Wholesale Corp. | New | 0.02% | +0.02 |
| HD Home Depot Inc. | New | 0.02% | +0.02 |
| ACN Accenture PLC Class A | New | 0.02% | +0.02 |
| MRK Merck & Co. Inc. | New | 0.02% | +0.02 |
| WM Waste Management Inc. | New | 0.02% | +0.02 |
| KD Kyndryl Holdings Inc. | Add +2.3% | 1.28% | +0.00 |
| MDLZ Mondelez International Inc. Class A | Add +4.8% | 0.83% | +0.00 |
| GNTX Gentex Corp. | Add +6.2% | 0.53% | −0.02 |
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 |