Leith Wheeler Investment Counsel portfolio

What changed this quarter

49 positions with a change (4 new, 19 added to, 22 trimmed, 4 sold); also, 1 entered through an IPO. 10 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Invesco Nasdaq 100 ETF−1.9 ppof portfolioSold out
  2.1% → —
• Carnival+1.6 ppof portfolioNew
  — → 1.6%
• Microsoft+89%more sharesIncreased
  1.9% → 3.4%
• Wynn Resorts−1.2 ppof portfolioSold out
  1.3% → —
• Henry Schein−46%fewer sharesReduced
  2.2% → 1.2%
• Vanguard ESG International Stock ETF+0.7 ppof portfolioNew
  — → 0.7%
• Kyndryl Holdings−0.6 ppof portfolioSold out
  0.7% → —
• Houlihan Lokey+0.6 ppof portfolioNew
  — → 0.6%
• Qualcomm−30%fewer sharesReduced
  1.4% → 1.2%
• MKS−43%fewer sharesReduced
  0.7% → 0.7%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• iShares Core S&P 500 ETFIVV32.8%
• MicrosoftMSFT3.4%
• AlphabetGOOGL · GOOG3.2%
• UnitedHealth GroupUNH3.1%
• VisaV2.7%
• BorgwarnerBWA2.7%
• Wells FargoWFC2.6%
• L3harris TechnologiesLHX2.4%
• Walt DisneyDIS2.3%
• MedtronicMDT2.0%
• Meta PlatformsMETA2.0%
• Becton, DickinsonBDX1.8%
• SalesforceCRM1.7%
• AutodeskADSK1.6%
• CarnivalCCL1.6%
• JPMorgan ChaseJPM1.6%
• International Flavors & FragrancesIFF1.5%
• QualcommQCOM1.2%
• Henry ScheinHSIC1.2%
• SEI InvestmentsSEIC1.2%
• Keysight TechnologiesKEYS1.2%
• CorpayCPAY1.1%
• Globus MedicalGMED1.1%
• NikeNKE1.0%
• IconICLR1.0%
• First AdvantageFA1.0%
• Louisiana-pacificLPX1.0%
• Brookfield Infrastructure PartnersBIP1.0%
• State Street SPDR Msci Eafe ETFEFAX0.9%
• CencoraCOR0.9%
• Old Republic InternationalORI0.9%
• MiddlebyMIDD0.8%
• Lamar AdvertisingLAMR0.8%
• Crown HoldingsCCK0.8%
• Snap-onSNA0.8%
• American States WaterAWR0.8%
• Hayward HoldingsHAYW0.7%
• Tenet HealthcareTHC0.7%
• Globe LifeGL0.7%
• MKSMKSI0.7%
• Vanguard ESG International Stock ETFVSGX0.7%
• Carlisle CompaniesCSL0.7%
• GentexGNTX0.7%
• Mondelez InternationalMDLZ0.7%
• Houlihan LokeyHLI0.6%
• Core & MainCNM0.6%
• WatersWAT0.6%
• Range ResourcesRRC0.6%
• Wyndham Hotels & ResortsWH0.6%
• Hillman SolutionsHLMN0.5%
• Rush EnterprisesRUSHA0.4%
• Octave IntelligenceOCTV0.3%
• AppleAAPL0.3%
• State Str Spdr S&P 500 ETF TSPY0.2%
• ASML HoldingASML0.2%
• OracleORCL0.2%
• Global X S&P Cath Val Devel ETFCEFA0.2%
• NVIDIANVDA0.2%
• Johnson & JohnsonJNJ0.1%
• iShares Msci Eafe ETFEFA0.1%
• Amazon.comAMZN0.1%
• Procter & GamblePG0.1%
• MastercardMA0.1%
• PepsicoPEP0.1%
• UnileverUL0.1%
• Berkshire HathawayBRK/B0.1%
• TeslaTSLA0.1%
• Abbott LaboratoriesABTunder 0.1%
• SAPSAPunder 0.1%
• Goldman Sachs GroupGSunder 0.1%
• Colgate-palmoliveCLunder 0.1%
• iShares S&P 100 ETFOEFunder 0.1%
• Vanguard International Equity Index FVTunder 0.1%
• Boston ScientificBSXunder 0.1%
• American ExpressAXPunder 0.1%
• Costco WholesaleCOSTunder 0.1%
• IsharesEISunder 0.1%
• IQVIA HoldingsIQVunder 0.1%
• Vanguard International Equity Index FVPLunder 0.1%
• Home DepotHDunder 0.1%
• NovartisNVSunder 0.1%
• Vanguard International Equity Index FVGKunder 0.1%
• Philip Morris InternationalPMunder 0.1%
• Waste ManagementWMunder 0.1%