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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
-31.58%
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
$5.83B
AUM Growth
-$4.2B
Cap. Flow
-$442M
Cap. Flow %
-7.58%
Top 10 Hldgs %
39.35%
Holding
96
New
4
Increased
17
Reduced
60
Closed
8

Top Buys

Rank Stock Value
1
NTR icon
Nutrien
NTR
+$113M
2
BCE icon
BCE
BCE
+$31.4M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$27.2M
4
TECK icon
Teck Resources
TECK
+$26.2M
5
RCI icon
Rogers Communications
RCI
+$21.8M

Top Sells

Rank Stock Value
1
SLF icon
Sun Life Financial
SLF
+$125M
2
CM icon
Canadian Imperial Bank of Commerce
CM
+$86.2M
3
RY icon
Royal Bank of Canada
RY
+$81.7M
4
CNQ icon
Canadian Natural Resources
CNQ
+$45.1M
5
BMO icon
Bank of Montreal
BMO
+$33.8M

Sector Composition

Rank Sector Weight
1 Financials 31.57%
2 Communication Services 21.56%
3 Energy 11.27%
4 Materials 10.42%
5 Technology 7.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CLS icon
26
Celestica
CLS
$39.9B
$72.8M 1.25%
20,978,413
+438,462
+2% +$3.02M
CHL
27
DELISTED
China Mobile Limited
CHL
$72M 1.23%
1,911,625
-25,375
-1% -$1.02M
MRK icon
28
Merck
MRK
$357B
$71.1M 1.22%
968,748
-1,562
-0.2% -$123K
HBM icon
29
Hudbay
HBM
$11.4B
$68.3M 1.17%
36,535,762
-508,836
-1% -$1.41M
CMCSA icon
30
Comcast
CMCSA
$88.3B
$67.7M 1.16%
1,967,948
-665,450
-25% -$28.1M
BPY
31
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
$67.5M 1.16%
8,460,626
+893,400
+12% +$14.5M
GE icon
32
GE Aerospace
GE
$329B
$65.6M 1.13%
1,658,372
-66,130
-4% -$3.53M
STT icon
33
State Street
STT
$53.1B
$65.4M 1.12%
1,228,470
-36,085
-3% -$2.51M
IBM icon
34
IBM
IBM
$235B
$64.5M 1.11%
608,551
-123,360
-17% -$15.6M
CSCO icon
35
Cisco
CSCO
$434B
$63.6M 1.09%
1,617,750
-30,900
-2% -$1.36M
PFE icon
36
Pfizer
PFE
$158B
$63.1M 1.08%
2,038,249
+5,375
+0.3% +$183K
OSB
37
DELISTED
Norbord Inc.
OSB
$58.9M 1.01%
5,033,443
-102,091
-2% -$2.57M
ORCL icon
38
Oracle
ORCL
$417B
$58.5M 1%
1,211,441
-26,750
-2% -$1.38M
COP icon
39
ConocoPhillips
COP
$164B
$57.8M 0.99%
1,877,877
-67,645
-3% -$3.44M
UPS icon
40
United Parcel Service
UPS
$87.2B
$53.5M 0.92%
572,311
-20,880
-4% -$2.16M
BIIB icon
41
Biogen
BIIB
$32.1B
$51.9M 0.89%
164,046
+2,283
+1% +$693K
ABBV icon
42
AbbVie
ABBV
$454B
$51.2M 0.88%
671,802
+11,755
+2% +$1M
META icon
43
Meta Platforms (Facebook)
META
$1.7T
$49.5M 0.85%
297,043
+93,745
+46% +$18.4M
FCX icon
44
Freeport-McMoran
FCX
$99.6B
$41.2M 0.71%
6,109,185
-300,575
-5% -$3.14M
EMN icon
45
Eastman Chemical
EMN
$7.66B
$39M 0.67%
837,736
-22,375
-3% -$1.44M
DKS icon
46
Dick's Sporting Goods
DKS
$11.6B
$37.4M 0.64%
1,757,593
+248,545
+16% +$9.54M
VOD icon
47
Vodafone
VOD
$40.6B
$35.7M 0.61%
2,595,675
-66,751
-3% -$1.19M
HES
48
DELISTED
Hess
HES
$35.6M 0.61%
1,069,380
-15,935
-1% -$862K
WFC icon
49
Wells Fargo
WFC
$268B
$35M 0.6%
1,219,347
-277,990
-19% -$11.8M
CAE icon
50
CAE Inc
CAE
$7.83B
$33.9M 0.58%
2,716,006
+454,425
+20% +$11.5M
1
2
3 4

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MCM
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Letko, Brosseau & Associates's Q1 2020 Portfolio in Review

As of Q1 2020, Letko, Brosseau & Associates held 96 positions worth $5.83B, down 42% from $10B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Letko, Brosseau & Associates withdrew a net $442M in Q1 2020, closing 8 positions and reducing 60 holdings. Its most notable exit was HP, an estimated $12.1M position sold in full.

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

Against the trend, Letko, Brosseau & Associates opened a new position in Alibaba worth $4.86M.

  • Letko, Brosseau & Associates's largest Q1 2020 buy was Alibaba: 25,000 shares worth $4.86M.
  • Letko, Brosseau & Associates added most to Nutrien in Q1 2020, an estimated $113M increase.
  • Letko, Brosseau & Associates's biggest Q1 2020 reduction was Sun Life Financial, cutting an estimated $125M.
  • Letko, Brosseau & Associates fully exited HP in Q1 2020, selling an estimated $12.1M.
  • Letko, Brosseau & Associates's ten largest holdings make up 39% of its $5.83B portfolio in Q1 2020.
  • Letko, Brosseau & Associates opened 4 new positions and closed 8 in Q1 2020.
  • Letko, Brosseau & Associates's portfolio value fell 42% quarter-over-quarter to $5.83B.

Based on Letko, Brosseau & Associates's 13F filing for Q1 2020, filed 14 May 2020.