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LBA

Letko, Brosseau & Associates Portfolio holdings

AUM $6.2B
1-Year Est. Return 38.92%
This Fund
S&P 500
This Quarter Est. Return
+2.69%
1 Year Est. Return
+38.92%
3 Year Est. Return
+73.78%
5 Year Est. Return
+108.79%
10 Year Est. Return
+305.85%
AUM
$10.7B
AUM Growth
-$224M
Cap. Flow
-$441M
Cap. Flow %
-4.13%
Top 10 Hldgs %
34%
Holding
100
New
3
Increased
8
Reduced
71
Closed
5

Top Buys

Rank Stock Value
1
CVE icon
Cenovus Energy
CVE
+$80.4M
2
ABBV icon
AbbVie
ABBV
+$38.3M
3
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
+$26.7M
4
DKS icon
Dick's Sporting Goods
DKS
+$7.87M
5
EMN icon
Eastman Chemical
EMN
+$7.79M

Top Sells

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$73.7M
2
TECK icon
Teck Resources
TECK
+$59.8M
3
SLF icon
Sun Life Financial
SLF
+$58.5M
4
RY icon
Royal Bank of Canada
RY
+$27.7M
5
AGU
Agrium
AGU
+$25.7M

Sector Composition

Rank Sector Weight
1 Financials 26.19%
2 Energy 18.42%
3 Communication Services 14.69%
4 Technology 9.97%
5 Healthcare 7.65%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GE icon
26
GE Aerospace
GE
$374B
$165M 1.54%
1,152,009
-42,978
-4% -$6.22M
MRK icon
27
Merck
MRK
$323B
$159M 1.49%
2,619,172
-67,302
-3% -$4.08M
AGU
28
DELISTED
Agrium
AGU
$149M 1.4%
1,569,138
-255,000
-14% -$25.7M
COP icon
29
ConocoPhillips
COP
$145B
$144M 1.35%
2,887,820
-53,110
-2% -$2.57M
PFE icon
30
Pfizer
PFE
$143B
$144M 1.35%
4,428,796
-102,096
-2% -$3.22M
BPY
31
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
$140M 1.31%
6,288,926
-139,625
-2% -$3.12M
CMCSA icon
32
Comcast
CMCSA
$85.1B
$134M 1.25%
3,560,179
-621,155
-15% -$23.1M
STT icon
33
State Street
STT
$50.7B
$134M 1.25%
1,677,375
-72,510
-4% -$5.75M
WMT icon
34
Walmart Inc
WMT
$888B
$124M 1.16%
5,157,513
-151,650
-3% -$3.49M
INTC icon
35
Intel
INTC
$465B
$121M 1.14%
3,366,850
-80,065
-2% -$2.9M
OSB
36
DELISTED
Norbord Inc.
OSB
$121M 1.13%
4,252,836
-78,630
-2% -$2.15M
FCX icon
37
Freeport-McMoran
FCX
$89.8B
$112M 1.05%
8,356,976
-240,975
-3% -$3.46M
GT icon
38
Goodyear
GT
$1.99B
$110M 1.03%
3,066,125
-77,265
-2% -$2.62M
DVN icon
39
Devon Energy
DVN
$51.5B
$96.4M 0.9%
2,310,802
-50,225
-2% -$2.21M
UPS icon
40
United Parcel Service
UPS
$88.8B
$93.9M 0.88%
874,875
-48,325
-5% -$5.28M
GILD icon
41
Gilead Sciences
GILD
$162B
$93.8M 0.88%
1,381,349
-21,836
-2% -$1.54M
CAE icon
42
CAE Inc. Common Shares
CAE
$8.34B
$90.3M 0.85%
5,922,833
-667,975
-10% -$9.78M
LPNT
43
DELISTED
LifePoint Health, Inc.
LPNT
$89.4M 0.84%
1,365,074
-21,515
-2% -$1.33M
JNJ icon
44
Johnson & Johnson
JNJ
$621B
$84M 0.79%
674,485
-118,720
-15% -$14.2M
ORCL icon
45
Oracle
ORCL
$369B
$81.5M 0.76%
1,827,610
-22,065
-1% -$919K
HPE icon
46
Hewlett Packard
HPE
$63.1B
$79.2M 0.74%
5,748,053
-21,581
-0.4% -$290K
ELV icon
47
Elevance Health
ELV
$81.9B
$71.6M 0.67%
432,935
-9,465
-2% -$1.51M
VOD icon
48
Vodafone
VOD
$36.5B
$68.6M 0.64%
2,595,254
-48,811
-2% -$1.25M
ERF
49
DELISTED
Enerplus Corporation
ERF
$67.2M 0.63%
8,357,150
-137,025
-2% -$1.2M
HES
50
DELISTED
Hess
HES
$60.8M 0.57%
1,261,515
-35,470
-3% -$1.88M
1
2
3 4

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Letko, Brosseau & Associates's Q1 2017 Portfolio in Review

As of Q1 2017, Letko, Brosseau & Associates held 100 positions worth $10.7B, down 2.1% from $10.9B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Letko, Brosseau & Associates withdrew a net $441M in Q1 2017, closing 5 positions and reducing 71 holdings. Its most notable exit was Semiconductor Manufacturing Intl, an estimated $21.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 26% of assets, down from 27% a quarter earlier, followed by Energy and Communication Services.

Against the trend, Letko, Brosseau & Associates opened a new position in AbbVie worth $39.7M.

  • Letko, Brosseau & Associates's largest Q1 2017 buy was AbbVie: 609,470 shares worth $39.7M.
  • Letko, Brosseau & Associates added most to Cenovus Energy in Q1 2017, an estimated $80.4M increase.
  • Letko, Brosseau & Associates's biggest Q1 2017 reduction was Bank of America, cutting an estimated $73.7M.
  • Letko, Brosseau & Associates fully exited Semiconductor Manufacturing Intl in Q1 2017, selling an estimated $21.5M.
  • Letko, Brosseau & Associates's ten largest holdings make up 34% of its $10.7B portfolio in Q1 2017.
  • Letko, Brosseau & Associates opened 3 new positions and closed 5 in Q1 2017.
  • Letko, Brosseau & Associates's portfolio value fell 2.1% quarter-over-quarter to $10.7B.

Based on Letko, Brosseau & Associates's 13F filing for Q1 2017, filed 11 May 2017.