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LBA

Letko, Brosseau & Associates Portfolio holdings

AUM $6.77B
1-Year Est. Return 38.11%
This Fund
S&P 500
This Quarter Est. Return
+7.58%
1 Year Est. Return
+38.11%
3 Year Est. Return
+83.35%
5 Year Est. Return
+109.01%
10 Year Est. Return
+317.99%
AUM
$10.9B
AUM Growth
+$211M
Cap. Flow
-$449M
Cap. Flow %
-4.12%
Top 10 Hldgs %
34.9%
Holding
103
New
4
Increased
20
Reduced
59
Closed
6

Top Buys

Rank Stock Value
1
PAY
Verifone Systems Inc
PAY
+$47.9M
2
EMN icon
Eastman Chemical
EMN
+$40.9M
3
LPNT
LifePoint Health, Inc.
LPNT
+$22.1M
4
MRK icon
Merck
MRK
+$9.28M
5
TU icon
Telus
TU
+$7.84M

Top Sells

Rank Stock Value
1
TECK icon
Teck Resources
TECK
+$100M
2
DKS icon
Dick's Sporting Goods
DKS
+$53.9M
3
ERIC icon
Ericsson
ERIC
+$34.9M
4
CNQ icon
Canadian Natural Resources
CNQ
+$22.1M
5
BAC icon
Bank of America
BAC
+$19.5M

Sector Composition

Rank Sector Weight
1 Financials 27.34%
2 Energy 19.2%
3 Communication Services 14.64%
4 Technology 9.26%
5 Materials 8.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IBM icon
26
IBM
IBM
$235B
$171M 1.57%
1,080,021
-78,717
-7% -$12M
MRK icon
27
Merck
MRK
$357B
$151M 1.38%
2,686,474
+158,484
+6% +$9.28M
HBM icon
28
Hudbay
HBM
$11.4B
$150M 1.38%
26,275,969
+228,275
+0.9% +$1.22M
COP icon
29
ConocoPhillips
COP
$164B
$147M 1.35%
2,940,930
-220,460
-7% -$10.2M
CMCSA icon
30
Comcast
CMCSA
$88.3B
$144M 1.32%
4,181,334
-409,494
-9% -$13.7M
BPY
31
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
$140M 1.29%
6,428,551
-267,935
-4% -$5.84M
PFE icon
32
Pfizer
PFE
$158B
$140M 1.28%
4,530,892
-231,590
-5% -$7.07M
STT icon
33
State Street
STT
$53.1B
$136M 1.25%
1,749,885
-155,745
-8% -$11.7M
INTC icon
34
Intel
INTC
$514B
$125M 1.15%
3,446,915
-246,485
-7% -$8.83M
WMT icon
35
Walmart Inc
WMT
$865B
$122M 1.12%
5,309,163
-487,323
-8% -$11.4M
FCX icon
36
Freeport-McMoran
FCX
$99.6B
$113M 1.04%
8,597,951
-737,250
-8% -$9.43M
OSB
37
DELISTED
Norbord Inc.
OSB
$109M 1%
4,331,466
+47,195
+1% +$1.18M
DVN icon
38
Devon Energy
DVN
$54.7B
$108M 0.99%
2,361,027
-164,900
-7% -$7.28M
UPS icon
39
United Parcel Service
UPS
$87.2B
$106M 0.97%
923,200
-86,860
-9% -$9.79M
GILD icon
40
Gilead Sciences
GILD
$182B
$100M 0.92%
1,403,185
-71,920
-5% -$5.35M
GT icon
41
Goodyear
GT
$1.53B
$97M 0.89%
3,143,390
-173,975
-5% -$5.38M
CAE icon
42
CAE Inc
CAE
$7.83B
$92.2M 0.85%
6,590,808
-641,514
-9% -$9.16M
JNJ icon
43
Johnson & Johnson
JNJ
$642B
$91.4M 0.84%
793,205
-90,665
-10% -$10.5M
HES
44
DELISTED
Hess
HES
$80.8M 0.74%
1,296,985
-72,900
-5% -$3.98M
ERF
45
DELISTED
Enerplus Corporation
ERF
$80.6M 0.74%
8,494,175
+204,475
+2% +$1.62M
LPNT
46
DELISTED
LifePoint Health, Inc.
LPNT
$78.8M 0.72%
1,386,589
+382,785
+38% +$22.1M
HPE icon
47
Hewlett Packard
HPE
$73.6B
$77.6M 0.71%
5,769,634
-320,454
-5% -$4.28M
ORCL icon
48
Oracle
ORCL
$417B
$71.1M 0.65%
1,849,675
-93,825
-5% -$3.67M
TFC icon
49
Truist Financial
TFC
$61.2B
$66.3M 0.61%
1,409,920
-106,650
-7% -$4.54M
VOD icon
50
Vodafone
VOD
$40.6B
$64.6M 0.59%
2,644,065
-197,144
-7% -$5.19M
1
2
3 4 5

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Letko, Brosseau & Associates's Q4 2016 Portfolio in Review

As of Q4 2016, Letko, Brosseau & Associates held 103 positions worth $10.9B, up 2% from $10.7B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Letko, Brosseau & Associates withdrew a net $449M in Q4 2016, closing 6 positions and reducing 59 holdings. Its most notable exit was Ericsson, an estimated $34.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 25% a quarter earlier, followed by Energy and Communication Services.

Against the trend, Letko, Brosseau & Associates opened a new position in Verifone Systems Inc worth $51.2M.

  • Letko, Brosseau & Associates's largest Q4 2016 buy was Verifone Systems Inc: 2,886,000 shares worth $51.2M.
  • Letko, Brosseau & Associates added most to LifePoint Health, Inc. in Q4 2016, an estimated $22.1M increase.
  • Letko, Brosseau & Associates's biggest Q4 2016 reduction was Teck Resources, cutting an estimated $100M.
  • Letko, Brosseau & Associates fully exited Ericsson in Q4 2016, selling an estimated $34.9M.
  • Letko, Brosseau & Associates's ten largest holdings make up 35% of its $10.9B portfolio in Q4 2016.
  • Letko, Brosseau & Associates opened 4 new positions and closed 6 in Q4 2016.
  • Letko, Brosseau & Associates's portfolio value rose 2% quarter-over-quarter to $10.9B.

Based on Letko, Brosseau & Associates's 13F filing for Q4 2016, filed 13 Feb 2017.