LWIC

Leith Wheeler Investment Counsel Portfolio holdings

AUM $1.41B

1-Year Est. Return 12.92%

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4

This Quarter Est. Return

1 Year Est. Return

+12.92%

3 Year Est. Return

5 Year Est. Return

10 Year Est. Return

AUM

$1.41B

AUM Growth

-$33.5M (-2.3%)

Cap. Flow

Cap. Flow % of AUM

Top 10 Holdings % Top 10 Hldgs %

Holding

New

Increased

Reduced

Closed

Top Buys

1		+$16.9M
2		+$14.8M
3		+$10.4M
4	Core & Main CNM	+$10.4M
5	Becton Dickinson BDX	+$5.23M

Top Sells

1		+$23M
2		+$19.1M
3		+$18.6M
4	Philip Morris PM	+$14.8M
5	Merck MRK	+$14.5M

Sector Composition

1	Healthcare	13.05%
2	Technology	10.15%
3	Industrials	10.12%
4	Communication Services	8.89%
5	Financials	8.74%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal
26	26 UnitedHealth UNH $341B	$14.8M	1.05%	+47,284
27	27 Keysight KEYS $29B	$13.9M	0.99%	84,695 -2,281
28	28 Brookfield Infrastructure Partners BIP $16.2B	$12.8M	0.91%	382,053 -10,201
29	29 Meta Platforms (Facebook) META $1.9T	$11.3M	0.8%	15,301 +392
30	30 Globus Medical GMED $8.48B	$11.2M	0.8%	190,338 +18,690
31	31 Crown Holdings CCK $11.5B	$10.9M	0.78%	105,966 -2,794
32	32 Old Republic International ORI $9.87B	$10.9M	0.77%	282,507 -7,501
33	33 Core & Main CNM $10.2B	$10.4M	0.74%	+172,137
34	34 Humana HUM $35.8B	$10.4M	0.74%	42,454 -93,909
35	35 Carlisle Companies CSL $14.6B	$10.3M	0.73%	27,625 -739
36	36 Middleby MIDD $6.65B	$10.2M	0.73%	71,085 +4,284
37	37 SPDR MSCI EAFE Fossil Fuel Reserves Free ETF EFAX $415M	$10.2M	0.73%	215,627 +3,616
38	38 Universal Health Services UHS $13.8B	$9.73M	0.69%	53,702 -8,761
39	39 Lamar Advertising Co LAMR $12.1B	$9.38M	0.67%	77,307 -2,062
40	40 First Advantage FA $2.47B	$9.24M	0.66%	556,578 -14,886
41	41 Hayward Holdings HAYW $3.34B	$8.58M	0.61%	621,931 +154,555
42	42 Vanguard S&P 500 ETF VOO $783B	$8.31M	0.59%	14,637 -1,500
43	43 Globe Life GL $10.9B	$7.42M	0.53%	59,675 -32,071
44	44 Snap-on SNA $17.9B	$7.26M	0.52%	23,336 -8,669
45	45 MKS Inc MKSI $9.53B	$7.08M	0.5%	71,288 -1,886
46	46 CarMax KMX $6.58B	$7.05M	0.5%	104,826 -2,812
47	47 Gentex GNTX $5.22B	$6.62M	0.47%	300,957 -8,050
48	48 Booz Allen Hamilton BAH $10.3B	$6.52M	0.46%	62,612 -8,442
49	49 ASGN Inc ASGN $1.99B	$5.04M	0.36%	101,008 -2,701
50	50 Hillman Solutions HLMN $1.9B	$4.69M	0.33%	656,807 -17,259