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Leith Wheeler Investment Counsel Ltd.
Jim Gilliland · Asset Manager · Value
Leith Wheeler Investment Counsel Ltd. is an independent, employee-owned investment management firm headquartered in Vancouver, Canada. Founded in 1982 by Murray Leith and Bill Wheeler, the firm provides portfolio management services for individuals, pensions, and foundations. It is known for its 'Quiet Money' approach, emphasizing a diligent, disciplined, and long-term value-based investment philosophy.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +5.3% |
| YTD return | -0.4% |
| Sharpe ratio | 1.70 |
| Win rate | 45% |
| AUM | $0.6B |
| Inception | Oct 1, 2025 |
| Updated | Sep 21, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.6B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.leithwheeler.com |
Current Holdings
Updated on Sep 21, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| WCN | Waste Connections Inc | 19.2% | -8.0% |
| MSFT | Microsoft Corporation | 10.2% | +8.7% |
| GOOGL | Alphabet Inc Class A | 7.1% | +38.5% |
| V | Visa Inc. Class A | 6.8% | +9.4% |
| AZN | AstraZeneca PLC | 6.5% | -4.4% |
| UNH | UnitedHealth Group Incorporated | 6.4% | +9.6% |
| WFC | Wells Fargo & Company | 6.1% | -0.8% |
| CRM | Salesforce.com Inc | 5.9% | +7.5% |
| BWA | BorgWarner Inc | 5.8% | +32.5% |
| DIS | Walt Disney Company | 5.7% | -4.3% |
| MDT | Medtronic PLC | 5.3% | -2.3% |
| META | Meta Platforms Inc. | 5.3% | +25.2% |
| BDX | Becton Dickinson and Company | 4.9% | -1.7% |
| LHX | L3Harris Technologies Inc | 4.6% | -19.8% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Sep 21, 2026 | SELL | META | 4.4% → 5.3% |
| Sep 21, 2026 | BUY | MSFT | 9.8% → 10.2% |
| Sep 21, 2026 | BUY | GOOGL | 6.8% → 7.1% |
| Sep 21, 2026 | BUY | BDX | 4.5% → 4.9% |
| Sep 21, 2026 | BUY | UNH | 6.5% → 6.4% |
Investment Style Analysis
Leith Wheeler Investment Counsel Ltd. is widely recognized for employing a Value strategy. As of Sep 21, 2026, the firm oversees approximately $0.6B in assets under management (AUM). The portfolio demonstrates a clear preference for the Waste Management and Internet Content & Information sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Sep 21, Leith Wheeler Investment Counsel Ltd. made a significant move by reducing the position in META. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Leith Wheeler follows a disciplined value-oriented philosophy, often described as 'Quiet Money.' The firm seeks to invest in companies with sustainable competitive advantages and stable cash flows, buying them at prices that provide a margin of safety. They avoid short-term market noise and 'hype,' preferring to conduct independent, bottom-up research to identify intrinsic value. Their approach is conservative and focuses on capital protection and long-term growth.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Leith Wheeler Investment Counsel Ltd..
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Frequently asked questions
How is the simulated portfolio for Leith Wheeler Investment Counsel Ltd. constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Leith Wheeler Investment Counsel Ltd.'s largest holding?
As of the latest filing, Leith Wheeler Investment Counsel Ltd.'s top position is Waste Connections Inc (WCN), representing 19.2% of the portfolio. This reflects a high-conviction bet by the institution.
What is Leith Wheeler Investment Counsel Ltd.'s historical performance and risk profile?
Our simulation indicates a total return of +5.3% with a win rate of 45%. Notably, the portfolio maintains a Sharpe Ratio of 1.70, suggesting an strong level of risk-adjusted returns compared to the broader market.
What sectors does Leith Wheeler Investment Counsel Ltd. primarily invest in?
Leith Wheeler Investment Counsel Ltd. has a strong preference for the Waste Management sector, which makes up 19.2% of their disclosed assets. The portfolio also has exposure to Internet Content & Information, indicating a specific thematic focus.
Is Leith Wheeler Investment Counsel Ltd.'s portfolio concentrated or diversified?
Leith Wheeler Investment Counsel Ltd. runs a highly concentrated portfolio with 14 disclosed positions. The top 3 holdings alone account for 36.6% of the total portfolio weight, suggesting a strategy that favors deep research into a few key names.
How has Leith Wheeler Investment Counsel Ltd. performed in 2026?
Our AI-simulated model portfolio for Leith Wheeler Investment Counsel Ltd. tracks a Year-to-Date (YTD) return of -0.4%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Jim Gilliland manage Leith Wheeler Investment Counsel Ltd. directly?
Yes, Jim Gilliland serves as the key portfolio manager for Leith Wheeler Investment Counsel Ltd., overseeing the investment strategy and final capital allocation decisions.