Leith Wheeler Canadian Equity

Leith Wheeler Canadian Equity Canadian Guru

Last Update: 2014-09-02

Number of Stocks: 45
Number of New Stocks: 6

Total Value: $2,169 Mil
Q/Q Turnover: 15%

Countries: CAN
Details: Top Buys | Top Sales | Top Holdings  Embed:

Leith Wheeler Canadian Equity' s Profile & Performance

Profile

Leith Wheeler Canadian Equity’s inception date is April 27, 1994. The total fund size is $1.5 billion. Within this fund, the top four sectors are Financials (33.3%), Energy (19.0%), Industrials (17.2%), and Consumer Discretionary (11.7%).
The investment objective of Leith Wheeler Canadian Equity is to provide superior long-term investment returns by investing in a diversified portfolio of Canadian common shares, convertible debentures and other equity related securities. Under normal circumstances the Fund will keep its portfolio fully invested, to the greatest extent possible, in equity and equity related securities.

Leith Wheeler Canadian Equity is managed by a team of investment professionals. The team members are Bill Dye, CFA, Head of Canadian Equities, David Jiles, CFA, Canadian Equity Analyst, Richard Liley, CFA, Canadian Equity Analyst, Patrick Reddy, CFA, Canadian Equity Analyst, Nick Szucs, CFA, Canadian Equity Analyst, and Bob Lau, CFA, Head of Equity Trading. They are well recognized within the investment community for their depth of knowledge and experience.

Web Page:http://www.leithwheeler.com/canadian-equity.htm

Investing Philosophy

“Our approach to stock picking is based on fundamental research with a strong “value” bias. Our test for value is viewing any investment we make as if we were “buying the whole business”. Our experience has been that the price of a company in the stock market does not always reflect its real value. This discrepancy between price and value creates excellent investment opportunities. As value investors, we tend to include companies in the portfolio when they are “out of favor” by the market and have declined in price. Companies can become undervalued when there is a lack of investor awareness; when an entire industry is out of favor with investors; or when a company experiences a short-term difficulty which, following careful analysis, we believe can be overcome. By purchasing these companies after a price decline, we find we are able to control risk in the portfolio as these investments often have less downside risk while offering a decent potential return.”

Total Holding History

Performance of Canadian Equity Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
201323.0731.55-8.5
201213.6115.4-1.8
2011-6.242.08-8.3
3-Year Cumulative31.1 (9.4%/year)55 (15.7%/year)-23.9 (-6.3%/year)
201015.4215.060.4
200927.5426.461.1
5-Year Cumulative93 (14.1%/year)125.5 (17.7%/year)-32.5 (-3.6%/year)
2008-32.87-374.1
20079.085.613.5
200617.5515.791.8
200519.354.9114.4
200419.53127.5
10-Year Cumulative137 (9%/year)104.1 (7.4%/year)32.9 (1.6%/year)
200327.328.7-1.4
2002-1.22-22.120.9
20014.24-11.916.1
200017.08-9.126.2
19997.2721-13.7
15-Year Cumulative290.1 (9.5%/year)98.3 (4.7%/year)191.8 (4.8%/year)
1998-4.628.6-33.2
199727.0633.4-6.3
199629.78236.8
19956.7237.6-30.9

Top Ranked Articles

Weekly Canadian Insider Trades March 5-12
The last week in Canadian insider trades we saw a noticeable increase in insider buying from company executives in the mineral and natural resources industries as well as the banking industry. The biggest insider sells in Canada came from the energy industry. Canadian corporate executives are required to report their insider activity by Tuesday of the next week. This differs from the U.S. where insider activity is required to be reported to the SEC within two days. Read more...
Leith Wheeler Canadian Equity’s Top Five Positions
The Leith Wheeler Canadian Equity Fund released their second quarter portfolio yesterday. The most recent portfolio updated noted that as of the second quarter, Leith Wheeler held on to 45 stocks valued at $1.608 billion. The fund purchased five new stocks over the quarter and sold out of five as well. Read more...
Canadian Insider Trades March 13-20
The past week in Canadian insider trades was a busy one. We saw increased insider buying in the energy and computer industries. There was an increase in insider selling in the banking and gold industries of Canada. Read more...
Weekly Canadian Insider Sells Update
This past week in Canadian Insider Sells, we saw an increase in insider selling coming from the oil and natural gas sector of the market. The following three companies represent notable sells, to see the complete list of Canadian Insider Sells, click here. Read more...
July's Top Canadian Insider Sells
Over the past month there has been an increase in insider selling of companies sitting at 10-year high prices. The following companies have reported notable insider sells in the month of July. Read more...
» More Leith Wheeler Canadian Equity Articles

Commentaries and Stories

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Dividend Yield Investing in Canadian Financials Leith Wheeler Canadian Equity - Dividend Yield Investing In Canadian Financials
Investors use various methods for valuing financial companies, such as discounted cash-flow valuation, residual income valuation, as well as price multiple and momentum valuation. Dividend yield investing is another common approach. In its simplest form, dividend yield investing involves identifying among a group of comparable companies the firms offering the highest dividend yields and then investing in those companies. More...

Dividend, Canada, Financials


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Leith Wheeler - 'Four Ways to Protect Yourself from Another Market Crash'
Six years ago this month, the venerable, 158-year-old investment banker Lehman Brothers collapsed and the world was plunged into the worst financial crisis since the Great Depression. As the sixth anniversary of the crash approaches, some investors are worried another one could already be around the corner. So just how have capital markets changed since then, and what have we learned? More...

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Leith Wheeler - 'Lessons Learned from the Great Financial Crisis' Leith Wheeler Canadian Equity - Leith Wheeler - 'Lessons Learned From The Great Financial Crisis'
Six years ago this September, a 158-year-old banking franchise went bankrupt. As we approach the anniversary of the collapse of Lehman Brothers and the global financial market panic that followed, we thought it was a good time to reflect on lessons learned from that period. More...

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Leith Wheeler Canadian Equity Q2 2014 Review
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Leith Wheeler Canadian Equity Q1 2014 Review
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Canadian Leith Wheeler's Top Five Fourth Quarter Holdings Leith Wheeler Canadian Equity - Canadian Leith Wheeler's Top Five Fourth Quarter Holdings
Last week the Leith Wheeler Canadian Equity (Trades, Portfolio) Fund released their fourth quarter results which highlighted 46 stocks, with eight of them being new. This portfolio is valued at $1.912 billion and has a quarter-over-quarter turnover rate of 11%. More...

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Winter Newsletter: 2014 And Beyond – A Leith Wheeler Perspective
2013 turned out to be an exceptional year for equity markets, which drove strong investment returns for clients. Our U.S. portfolio, in Canadian dollars, delivered returns over 40% while Leith Wheeler clients also enjoyed both Canadian and International stock returns close to 25%. Bonds delivered slightly negative returns given the increase in interest rates over the year, partly due to a brightening economic outlook. While these returns are encouraging, the natural question becomes what to expect in 2014 and beyond. Global GrowthWe expect global economic growth to continue to improve gradually, increasing 2-3% per annum. The U.S. housing market continues to gather forward momentum, as new home starts of over a million homes annually represents its best performance since 2008. Also, U.S. consumers have made substantial progress in improving their balance sheets, despite reasonably tepid job growth and income gains. Consumer spending has ticked up and retail sales are growing. Auto sales are on track for 17 million in annual sales, a level the U.S. has not seen since 2007While the U.S. recovery is the brightest spark globally, part of the improvement will also come from Europe, which despite pockets of weakness, is starting to grow again after its deep recession. The recovery is being driven by the industrial heartland in the north, but even in southern Europe, Italy and Spain are no longer contracting as badly and are showing some signs of very gradual renewed growth. All of this translates into expected growth in the 1% per annum range for the Eurozone.Emerging markets and China, which are critical for our Canadian natural resource companies, will most likely grow in the 6-8% per annum range. While lower than the past rates many have grown accustomed to, these levels are still quite reasonable in our view. The flip side to relatively slower growth from emerging markets and China is that developed countries will no longer have to contend with rising commodity prices. For example, China's economic engine, which fueled increasedcommodity demand, hurt both capital spending and consumers here at home. A more reasonable growth trajectory for the emerging markets and China will mean less competition for the natural resources required to fuel our own economic growth and will act as less of a tax on domestic consumers. The biggest determinant of global growth is the potential impact from corporate investment in plant and equipment. Business confidence has been somewhat contained due to tepid sales growth and uncertainty over the U.S. budget and debt ceiling. However, there are some encouraging signs that things are getting better, particularly in the oil and gas sector and some parts of the U.S. manufacturing sector. Even with an improvement from depressed levels, capital spending is expected to grow at a slower pace than in previous recoveries. Continue reading here. More...

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Leith Wheeler Canadian Equity’s Top Five Positions Leith Wheeler Canadian Equity - Leith Wheeler Canadian Equity’s Top Five Positions
The Leith Wheeler Canadian Equity Fund released their second quarter portfolio yesterday. The most recent portfolio updated noted that as of the second quarter, Leith Wheeler held on to 45 stocks valued at $1.608 billion. The fund purchased five new stocks over the quarter and sold out of five as well. More...

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Leith Wheeler Canadian Equity Fund 2Q Review 2013
The second quarter of 2013 was marked by a significant increase in bond yields,surpassed only by the bounce back in yields in the second quarter of 2009. Before that, you would need to look to the early and mid-1990s to find quarterly periods with larger increases in bond yields. Bond portfolios have delivered steady, positive returns for many years but have been declining in 2013. Our Fixed Income Fund was not spared a negative return, but did outperform the Index since we were positioned for rising interest rates, relative to the Index. More...

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July's Top Canadian Insider Sells
Over the past month there has been an increase in insider selling of companies sitting at 10-year high prices. The following companies have reported notable insider sells in the month of July. More...

  • Currently 2.83/5

Rating: 2.8/5 (6 votes)

Weekly Canadian Insider Sells Update
This past week in Canadian Insider Sells, we saw an increase in insider selling coming from the oil and natural gas sector of the market. The following three companies represent notable sells, to see the complete list of Canadian Insider Sells, click here. More...

  • Currently 3.20/5

Rating: 3.2/5 (5 votes)

Canadian Insider Trades March 13-20
The past week in Canadian insider trades was a busy one. We saw increased insider buying in the energy and computer industries. There was an increase in insider selling in the banking and gold industries of Canada. More...

  • Currently 3.60/5

Rating: 3.6/5 (5 votes)

Weekly Canadian Insider Trades March 5-12
The last week in Canadian insider trades we saw a noticeable increase in insider buying from company executives in the mineral and natural resources industries as well as the banking industry. The biggest insider sells in Canada came from the energy industry. Canadian corporate executives are required to report their insider activity by Tuesday of the next week. This differs from the U.S. where insider activity is required to be reported to the SEC within two days. More...

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Rating: 1.8/5 (22 votes)

Six Canadian Gurus Added to GuruFocus Global Membership Canada
We have just updated the portfolios of the six Gurus for GuruFocus Global Membership Canada. All of these have at least 13 years of history and did better than the Canadian benchmark over time. The profile, philosophy and past performance numbers have been updated as well. You can now check their portfolios and stock trades if you are a subscriber of GuruFocus Global Membership Canada. More...

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