Exploring the Fourth Quarter 2024 Portfolio Adjustments
Leith Wheeler Canadian Equity (Trades, Portfolio) recently submitted its report for the fourth quarter of 2024, shedding light on its strategic investment decisions during this period. Established on April 27, 1994, the fund aims to deliver superior long-term returns by investing in a diversified portfolio of Canadian common shares, convertible debentures, and other equity-related securities. Managed by a team of seasoned investment professionals, the fund employs a value-oriented approach, focusing on fundamental research to identify undervalued opportunities. This strategy often involves investing in companies that are temporarily out of favor with the market, providing a fertile ground for potential growth.
Summary of New Buy
Leith Wheeler Canadian Equity (Trades, Portfolio) added a total of two stocks to its portfolio. The most significant addition was CAE Inc (TSX:CAE), with 2,052,700 shares, accounting for 1.51% of the portfolio and a total value of C$74.92 million. The second largest addition was Magna International Inc (TSX:MG), consisting of 649,520 shares, representing approximately 0.78% of the portfolio, with a total value of C$39.02 million.
Key Position Increases
Leith Wheeler Canadian Equity (Trades, Portfolio) also increased stakes in a total of eight stocks. The most notable increase was in The Toronto-Dominion Bank (TSX:TD), with an additional 478,400 shares, bringing the total to 2,988,075 shares. This adjustment represents a significant 19.06% increase in share count, a 0.74% impact on the current portfolio, with a total value of C$228.68 million. The second largest increase was in Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN), with an additional 803,100 shares, bringing the total to 1,311,800. This adjustment represents a significant 157.87% increase in share count, with a total value of C$55.92 million.
Summary of Sold Out
Leith Wheeler Canadian Equity (Trades, Portfolio) completely exited three holdings in the fourth quarter of 2024, as detailed below:
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Sleep Country Canada Holdings Inc (TSX:ZZZ): Leith Wheeler Canadian Equity (Trades, Portfolio) sold all 1,473,700 shares, resulting in a -0.85% impact on the portfolio.
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Brookfield Asset Management Ltd (TSX:BAM): Leith Wheeler Canadian Equity (Trades, Portfolio) liquidated all 432,927 shares, causing a -0.5% impact on the portfolio.
Key Position Reduces
Leith Wheeler Canadian Equity (Trades, Portfolio) also reduced positions in 31 stocks. The most significant changes include: