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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
-0.39%
1 Year Est. Return
+38.92%
3 Year Est. Return
+73.78%
5 Year Est. Return
+108.79%
10 Year Est. Return
+308.35%
AUM
$9.79B
AUM Growth
-$139M
Cap. Flow
+$17.6M
Cap. Flow %
0.18%
Top 10 Hldgs %
40.16%
Holding
94
New
1
Increased
21
Reduced
60
Closed
2

Top Buys

Rank Stock Value
1
OVV icon
Ovintiv
OVV
+$73.6M
2
CM icon
Canadian Imperial Bank of Commerce
CM
+$26M
3
PARA
Paramount Global Class B
PARA
+$22.2M
4
CX icon
Cemex
CX
+$12.5M
5
TECK icon
Teck Resources
TECK
+$11.1M

Top Sells

Rank Stock Value
1
T icon
AT&T
T
+$12.3M
2
C icon
Citigroup
C
+$11.3M
3
SLF icon
Sun Life Financial
SLF
+$8.38M
4
SBS icon
Sabesp
SBS
+$8.31M
5
VZ icon
Verizon
VZ
+$7.97M

Sector Composition

Rank Sector Weight
1 Financials 33.32%
2 Energy 19.28%
3 Communication Services 15.12%
4 Materials 7.6%
5 Technology 6.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CMCSA icon
26
Comcast
CMCSA
$89.3B
$125M 1.27%
2,766,226
-93,975
-3% -$4.16M
COP icon
27
ConocoPhillips
COP
$141B
$117M 1.19%
2,049,224
-77,973
-4% -$4.44M
BAC icon
28
Bank of America
BAC
$440B
$114M 1.17%
3,923,501
-116,100
-3% -$3.34M
IBM icon
29
IBM
IBM
$220B
$110M 1.12%
790,119
-32,954
-4% -$4.45M
INTC icon
30
Intel
INTC
$506B
$98.4M 1.01%
1,910,037
-56,405
-3% -$2.77M
GILD icon
31
Gilead Sciences
GILD
$161B
$88.9M 0.91%
1,403,345
+25,325
+2% +$1.66M
PARA
32
DELISTED
Paramount Global Class B
PARA
$88.5M 0.9%
2,191,867
+474,265
+28% +$22.2M
WMT icon
33
Walmart Inc
WMT
$887B
$86.6M 0.88%
2,188,563
-108,390
-5% -$4.09M
CSCO icon
34
Cisco
CSCO
$477B
$84.9M 0.87%
1,718,888
-121,160
-7% -$6.3M
MRK icon
35
Merck
MRK
$317B
$82.5M 0.84%
1,027,483
-58,227
-5% -$4.67M
GE icon
36
GE Aerospace
GE
$390B
$80.4M 0.82%
1,803,775
-28,540
-2% -$1.34M
CHL
37
DELISTED
China Mobile Limited
CHL
$79.7M 0.81%
1,924,430
+148,525
+8% +$6.33M
WFC icon
38
Wells Fargo
WFC
$266B
$79.1M 0.81%
1,569,103
-27,721
-2% -$1.31M
STT icon
39
State Street
STT
$51B
$79M 0.81%
1,334,485
-9,470
-0.7% -$525K
UPS icon
40
United Parcel Service
UPS
$88.1B
$74.9M 0.76%
624,981
-30,375
-5% -$3.47M
ORCL icon
41
Oracle
ORCL
$415B
$72.8M 0.74%
1,323,197
-34,555
-3% -$1.91M
PFE icon
42
Pfizer
PFE
$148B
$71.9M 0.73%
2,108,804
-70,930
-3% -$2.58M
NTR icon
43
Nutrien
NTR
$31.8B
$71.4M 0.73%
1,432,040
-9,565
-0.7% -$488K
HES
44
DELISTED
Hess
HES
$69.7M 0.71%
1,151,708
-45,635
-4% -$2.84M
ADNT icon
45
Adient
ADNT
$1.51B
$69.5M 0.71%
3,026,253
-71,175
-2% -$1.62M
TFC icon
46
Truist Financial
TFC
$64.3B
$66.8M 0.68%
1,251,021
-22,450
-2% -$1.11M
EMN icon
47
Eastman Chemical
EMN
$8.51B
$65.4M 0.67%
885,861
-22,400
-2% -$1.61M
DKS icon
48
Dick's Sporting Goods
DKS
$17.9B
$65.3M 0.67%
1,600,693
-59,115
-4% -$2.13M
FCX icon
49
Freeport-McMoran
FCX
$96.1B
$64.1M 0.65%
6,697,960
-209,900
-3% -$2.16M
CAE icon
50
CAE Inc. Common Shares
CAE
$8.57B
$61.1M 0.62%
2,404,291
-65,765
-3% -$1.73M
1
2
3 4

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WIA
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EIP
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B
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CA
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ACM
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Letko, Brosseau & Associates's Q3 2019 Portfolio in Review

As of Q3 2019, Letko, Brosseau & Associates held 94 positions worth $9.79B, down 1.4% from $9.93B the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Trading was light in Q3 2019: portfolio turnover was 3.2%. Letko, Brosseau & Associates opened 1 new position and exited 2, leaving the 94-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 33% of assets, up from 32% a quarter earlier, followed by Energy and Communication Services.

  • Letko, Brosseau & Associates's largest Q3 2019 buy was Cemex: 3,400,000 shares worth $13.3M.
  • Letko, Brosseau & Associates added most to Ovintiv in Q3 2019, an estimated $73.6M increase.
  • Letko, Brosseau & Associates's biggest Q3 2019 reduction was AT&T, cutting an estimated $12.3M.
  • Letko, Brosseau & Associates fully exited Morgan Stanley India Investment Fund in Q3 2019, selling an estimated $5.35M.
  • Letko, Brosseau & Associates's ten largest holdings make up 40% of its $9.79B portfolio in Q3 2019.
  • Letko, Brosseau & Associates opened 1 new position and closed 2 in Q3 2019.
  • Letko, Brosseau & Associates's portfolio value fell 1.4% quarter-over-quarter to $9.79B.

Based on Letko, Brosseau & Associates's 13F filing for Q3 2019, filed 5 Nov 2019.