Leith Wheeler Investment Counsel: Recent ETF Purchases and Stock Sales

As of June 30th, 2026, Leith Wheeler Investment Counsel Ltd. has shown notable changes in its holdings compared to the previous quarter. The portfolio analysis reveals specific additions and modifications across various sectors, providing insight into their investment strategy adjustments during this period.

The investor's activity was concentrated primarily on increasing positions in large-cap stocks and ETFs. Significant purchases were observed in several key areas:

• Leith Wheeler Investment Counsel Ltd. increased its stake in Microsoft Corp (MSFT) by a substantial +89.31%, acquiring an additional 56,014 shares during the quarter.
• The BorgWarner Inc (BWA) position saw growth with a +7.79% increase in shares, adding 38,399 holdings to their portfolio.
• There was a significant addition of Visa Inc-CLASS A Shares (V), which experienced an increase in allocation from 2.57% down to 1.96%, though the share count remained relatively stable (+0.26%).
• The investor also initiated new positions or significantly boosted existing ones with Vanguard ESG Intl Stock ETF (VSGX) and Louisiana-Pacific Corp (LPX), both adding less than 4% to the overall portfolio but representing notable capital inflows.

  Simultaneously, Leith Wheeler Investment Counsel Ltd. made strategic exits from certain holdings:

  • Their position in UnitedHealth Group Inc (UNH) decreased by -10.93%, reflecting a reduction of over 11,000 shares.
  • They also reduced their stake in Henry Schein Inc (HSIC), which saw its portfolio allocation drop from approximately 1.26% to 1.21%.
  • The exit was particularly notable for the stock holding 'Globus Medical Inc - A' (GMED). The investor completely removed this position, reducing their holdings by over 9,000 shares (-47.35%) and eliminating its contribution to the portfolio allocation from about 1.26% down to 1.05%. This action resulted in a significant reduction of stock value within the Healthcare sector.

  These changes occurred against a backdrop where certain stocks saw their allocations reduced but not entirely exited during this quarter:

  • Leith Wheeler Investment Counsel Ltd.'s stake in Wells Fargo and CO (WFC) decreased slightly by -0.14% share count, though the allocation remained stable at 2.57%.
  • Similarly, their position in L3Harris Technologies Inc (LHX) saw a small reduction of -0.21%, impacting its portfolio allocation from about 2.60% down to 2.37%.

  The overall impact on the investor's holdings structure was an increase in concentration, as evidenced by their top five holdings accounting for approximately 45.01% of the total portfolio value this quarter compared to likely a lower percentage previously. This suggests that capital flowed disproportionately into fewer large-cap positions.