Leith Wheeler Investment Counsel Ltd.
SEC Form 13F institutional filer · CIK 0001353651
13F-HR · 50 reported holdings · 2026-03-31
Reported long-US-equity value
$0.96B
Top-10 concentration
67.6%
Leith Wheeler Investment Counsel Ltd. — $964M AUM allocation strategy
Leith Wheeler Investment Counsel Ltd. files SEC Form 13F and reports $964M of long US equity value across 50 reported holdings for 2026-03-31.
Its largest sector bet is Health Care 11.3%, followed by Information Technology 9.6% and Communication Services 8.6%.
The top 10 holdings account for 68% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Leith Wheeler Investment Counsel Ltd. — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$964M
total across 50 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
68% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$MSFT +57.5K sh · +$20.7M+$V +29.1K sh · +$5.12M+$DIS +23.4K sh · −$2.89M
Biggest trims (shares)
−$IVV −97.1K sh · −$84.8M−$LHX −39.8K sh · −$6.15M−$KEYS −27.1K sh · −$2.04M
Exited to nil (held last quarter, gone now)
$GPN ($12.1M last qtr)$FISV ($422K last qtr)$DHR ($405K last qtr)$ACN ($243K last qtr)$MRK ($203K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Health Care Equipment5.5%—
- Application Software5.5%—
- Interactive Media & Services5.4%—
- Diversified Banks5.3%—
- Aerospace & Defense3.8%—
- Transaction & Payment Processing Services3.3%—
- Movies & Entertainment3.2%—
- Managed Health Care3.1%—
- Other holdings64.8%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
9 of 9 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $LHX | L3Harris Technologies Inc | 107K | $37.1M | -39.8K | 3.8% |
| $WFC | Wells Fargo & Company | 409K | $32.5M | +2.2K | 3.4% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 112K | $32.1M | -22.7K | 3.3% |
| $V | Visa Inc | 105K | $31.8M | +29.1K | 3.3% |
| $DIS | Walt Disney Company | 319K | $30.7M | +23.4K | 3.2% |
| $UNH | UnitedHealth Group Incorporated | 109K | $29.6M | +354 | 3.1% |
| $MDT | Medtronic plc | 323K | $28M | +4.54K | 2.9% |
| $CRM | Salesforce Inc | 142K | $26.6M | +2.37K | 2.8% |
| $ADSK | Autodesk Inc | 109K | $26.2M | +11.7K | 2.7% |
…and 41 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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