# Leith Wheeler Investment Counsel Ltd.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1353651. Source: https://holderbook.com/funds/1353651-leith-wheeler-investment-counsel-ltd/

- Reported value: $1.3B
- Positions: 85
- Weight of the ten largest: 56.9%
- Filed: 2026-08-05

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $431.8M | 576,529 | 32.8% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $44.3M | 118,732 | 3.4% | 17 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $40.5M | 97,475 | 3.1% | 5 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $39.7M | 111,029 | 3.0% | 27 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $36.2M | 105,448 | 2.7% | 23 |
| BORGWARNER INC | [BWA](https://holderbook.com/stocks/BWA/) | $35.3M | 531,201 | 2.7% | 6 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $33.8M | 409,248 | 2.6% | 3 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $31.1M | 107,169 | 2.4% | 13 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $30.6M | 318,257 | 2.3% | 9 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $25.9M | 330,814 | 2.0% | 18 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $25.8M | 45,882 | 2.0% | 18 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $23.7M | 156,893 | 1.8% | 6 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $22.3M | 142,615 | 1.7% | 7 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $21.1M | 108,421 | 1.6% | 6 |
| CARNIVAL CORP LTD | [CCL](https://holderbook.com/stocks/CCL/) | $20.9M | 732,339 | 1.6% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $20.8M | 63,489 | 1.6% | 18 |
| INTERNATIONAL FLAVORS&FRAGRA | [IFF](https://holderbook.com/stocks/IFF/) | $20.3M | 256,254 | 1.5% | 6 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $16.4M | 88,762 | 1.2% | 14 |
| SCHEIN HENRY INC | [HSIC](https://holderbook.com/stocks/HSIC/) | $16.0M | 191,283 | 1.2% | 20 |
| SEI INVTS CO | [SEIC](https://holderbook.com/stocks/SEIC/) | $15.3M | 174,506 | 1.2% | 17 |
| KEYSIGHT TECHNOLOGIES INC | [KEYS](https://holderbook.com/stocks/KEYS/) | $15.2M | 43,316 | 1.2% | 31 |
| CORPAY INC | [CPAY](https://holderbook.com/stocks/CPAY/) | $14.7M | 44,173 | 1.1% | 10 |
| GLOBUS MED INC | [GMED](https://holderbook.com/stocks/GMED/) | $13.8M | 174,934 | 1.1% | 10 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $13.4M | 326,094 | 1.0% | 5 |
| ICON PUB LTD CO | [ICLR](https://holderbook.com/stocks/ICLR/) | $13.2M | 75,794 | 1.0% | 2 |
| FIRST ADVANTAGE CORP NEW | [FA](https://holderbook.com/stocks/FA/) | $13.0M | 721,906 | 1.0% | 13 |
| LOUISIANA PAC CORP | [LPX](https://holderbook.com/stocks/LPX/) | $13.0M | 164,727 | 1.0% | 4 |
| BROOKFIELD INFRASTRUCTURE PA | [BIP](https://holderbook.com/stocks/BIP/) | $12.6M | 344,572 | 1.0% | 31 |
| SPDR INDEX SHS FDS | [EFAX](https://holderbook.com/stocks/EFAX/) | $12.2M | 225,900 | 0.9% | 1 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $11.3M | 39,803 | 0.9% | 18 |
| OLD REP INTL CORP | [ORI](https://holderbook.com/stocks/ORI/) | $11.3M | 275,082 | 0.9% | 22 |
| MIDDLEBY CORP | [MIDD](https://holderbook.com/stocks/MIDD/) | $11.0M | 64,105 | 0.8% | 31 |
| LAMAR ADVERTISING CO | [LAMR](https://holderbook.com/stocks/LAMR/) | $10.9M | 69,687 | 0.8% | 31 |
| CROWN HLDGS INC | [CCK](https://holderbook.com/stocks/CCK/) | $10.7M | 95,534 | 0.8% | 17 |
| SNAP ON INC | [SNA](https://holderbook.com/stocks/SNA/) | $10.7M | 26,538 | 0.8% | 25 |
| AMER STATES WTR CO | [AWR](https://holderbook.com/stocks/AWR/) | $10.3M | 125,110 | 0.8% | 3 |
| HAYWARD HLDGS INC | [HAYW](https://holderbook.com/stocks/HAYW/) | $9.7M | 560,929 | 0.7% | 8 |
| TENET HEALTHCARE CORP | [THC](https://holderbook.com/stocks/THC/) | $9.7M | 51,608 | 0.7% | 17 |
| GLOBE LIFE INC | [GL](https://holderbook.com/stocks/GL/) | $9.6M | 53,816 | 0.7% | 28 |
| MKS INC. | [MKSI](https://holderbook.com/stocks/MKSI/) | $9.5M | 21,332 | 0.7% | 29 |
| VANGUARD WORLD FD | [VSGX](https://holderbook.com/stocks/VSGX/) | $9.1M | 110,347 | 0.7% | 1 |
| CARLISLE COS INC | [CSL](https://holderbook.com/stocks/CSL/) | $9.0M | 24,903 | 0.7% | 31 |
| GENTEX CORP | [GNTX](https://holderbook.com/stocks/GNTX/) | $8.7M | 344,126 | 0.7% | 20 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $8.6M | 148,569 | 0.7% | 19 |
| HOULIHAN LOKEY INC | [HLI](https://holderbook.com/stocks/HLI/) | $8.3M | 61,888 | 0.6% | 1 |
| CORE & MAIN INC | [CNM](https://holderbook.com/stocks/CNM/) | $8.1M | 167,536 | 0.6% | 5 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $7.9M | 21,142 | 0.6% | 2 |
| RANGE RES CORP | [RRC](https://holderbook.com/stocks/RRC/) | $7.4M | 200,178 | 0.6% | 3 |
| WYNDHAM HOTELS & RESORTS INC | [WH](https://holderbook.com/stocks/WH/) | $7.3M | 87,014 | 0.6% | 3 |
| HILLMAN SOLUTIONS CORP | [HLMN](https://holderbook.com/stocks/HLMN/) | $7.2M | 856,980 | 0.5% | 18 |
| RUSH ENTERPRISES INC | [RUSHA](https://holderbook.com/stocks/RUSHA/) | $5.7M | 78,522 | 0.4% | 2 |
| OCTAVE INTELLIGENCE PLC | [OCTLF](https://holderbook.com/stocks/OCTLF/) | $4.5M | 275,234 | 0.3% | 1 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $4.2M | 14,449 | 0.3% | 6 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $2.7M | 3,550 | 0.2% | 31 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $2.6M | 1,312 | 0.2% | 2 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $2.5M | 17,190 | 0.2% | 4 |
| GLOBAL X FDS | [CEFA](https://holderbook.com/stocks/CEFA/) | $2.3M | 58,021 | 0.2% | 6 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.2M | 11,000 | 0.2% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.1M | 6,078 | 0.2% | 9 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.0M | 7,767 | 0.1% | 3 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $1.7M | 15,951 | 0.1% | 17 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.6M | 6,753 | 0.1% | 6 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.3M | 8,823 | 0.1% | 3 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.3M | 2,490 | 0.1% | 4 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.2M | 8,795 | 0.1% | 4 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $1.1M | 18,207 | 0.1% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $938.2K | 1,875 | 0.1% | 6 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $685.6K | 1,630 | 0.1% | 3 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $647.3K | 7,134 | 0.0% | 3 |
| SAP SE | [SAP](https://holderbook.com/stocks/SAP/) | $604.1K | 3,920 | 0.0% | 4 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $546.1K | 540 | 0.0% | 3 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $505.2K | 5,510 | 0.0% | 3 |
| ISHARES TR | [OEF](https://holderbook.com/stocks/OEF/) | $439.0K | 1,200 | 0.0% | 9 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $406.5K | 2,590 | 0.0% | 22 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $377.7K | 8,850 | 0.0% | 4 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $351.8K | 1,040 | 0.0% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $339.6K | 363 | 0.0% | 3 |
| ISHARES INC | [EIS](https://holderbook.com/stocks/EIS/) | $338.0K | 2,800 | 0.0% | 1 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $322.9K | 1,671 | 0.0% | 2 |
| VANGUARD INTL EQUITY INDEX F | [VPL](https://holderbook.com/stocks/VPL/) | $277.7K | 2,400 | 0.0% | 4 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $277.2K | 786 | 0.0% | 3 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $273.5K | 1,745 | 0.0% | 2 |
| VANGUARD INTL EQUITY INDEX F | [VGK](https://holderbook.com/stocks/VGK/) | $243.5K | 2,750 | 0.0% | 5 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $239.0K | 1,321 | 0.0% | 7 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $204.4K | 917 | 0.0% | 3 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.6% | +14.8% | -4.2% | 99% |
| Q1 2026 | -6.3% | -4.6% | -1.7% | 100% |
| Q4 2025 | +2.7% | +2.4% | +0.3% | 100% |
| Q3 2025 | +6.5% | +7.8% | -1.3% | 100% |
| Q2 2025 | +6.5% | +10.5% | -4.0% | 100% |
| Q1 2025 | -3.2% | -4.6% | +1.3% | 100% |
| Q4 2024 | +0.8% | +2.1% | -1.4% | 100% |
| Q3 2024 | +5.6% | +5.4% | +0.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.3B | 85 |
| Q1 2026 | $1.2B | 84 |
| Q4 2025 | $1.3B | 87 |
| Q3 2025 | $1.5B | 72 |
| Q2 2025 | $1.4B | 65 |
| Q1 2025 | $1.4B | 75 |
| Q4 2024 | $1.4B | 59 |
| Q3 2024 | $1.4B | 60 |
| Q2 2024 | $1.2B | 65 |
| Q1 2024 | $1.0B | 64 |
| Q4 2023 | $913.4M | 57 |
| Q3 2023 | $756.7M | 58 |