Leith Wheeler trims, expands Q1 holdings across sectors

Leith Wheeler Investment Counsel Ltd. trimmed its KEYS stake by 38.2% in the first quarter, reducing to about 43,704 shares worth roughly $12.3 million. It also decreased its Corpay stock (CPAY) by 7.8%, holding 47,646 shares valued at about $13.9 million, with CPAY comprising roughly 1.1% of its portfolio. In MKS Inc. (MKSI), the firm reduced its holdings 23.2% to 37,234 shares, valued at around $8.56 million. Conversely, Leith Wheeler raised its position in American States Water Co. (AWR) by 60.8% to 126,225 shares, about $9.55 million. The CPAY activity is part of broader sector moves among institutional investors, with several other large investors noted in the reporting. Taken together, the filings show a mixed rebalancing strategy involving reductions in several technology-focused names while increasing exposure to a utilities stock, American States Water.