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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
+6.4%
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
$6.43B
AUM Growth
-$341M
Cap. Flow
-$616M
Cap. Flow %
-9.59%
Top 10 Hldgs %
35.62%
Holding
105
New
5
Increased
7
Reduced
76
Closed
8

Top Buys

Rank Stock Value
1
CAE icon
CAE Inc. Common Shares
CAE
+$28.5M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$20.4M
3
OTEX icon
Open Text
OTEX
+$19.2M
4
CRUS icon
Cirrus Logic
CRUS
+$7.53M
5
SKX
Skechers
SKX
+$3.45M

Top Sells

Rank Stock Value
1
BPY
Brookfield Property Partners L.P. Limited Partnership Units
BPY
+$36.3M
2
TU icon
Telus
TU
+$22.6M
3
VZ icon
Verizon
VZ
+$22.3M
4
BNS icon
Scotiabank
BNS
+$20.4M
5
INTC icon
Intel
INTC
+$20.3M

Sector Composition

Rank Sector Weight
1 Financials 28.72%
2 Communication Services 18.78%
3 Materials 13.17%
4 Energy 10.2%
5 Technology 8.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GILD icon
26
Gilead Sciences
GILD
$165B
$80.6M 1.25%
1,274,882
-156,055
-11% -$10.8M
CMCSA icon
27
Comcast
CMCSA
$90B
$77.7M 1.21%
1,680,315
-201,364
-11% -$8.75M
FCX icon
28
Freeport-McMoran
FCX
$97.5B
$73.6M 1.14%
4,704,560
-1,029,925
-18% -$14.9M
UPS icon
29
United Parcel Service
UPS
$88.9B
$73.4M 1.14%
440,566
-108,715
-20% -$15.8M
OTEX icon
30
Open Text
OTEX
$6.04B
$72.5M 1.13%
1,720,310
+437,860
+34% +$19.2M
BAC icon
31
Bank of America
BAC
$442B
$72.4M 1.13%
3,005,726
-416,375
-12% -$10.4M
EMN icon
32
Eastman Chemical
EMN
$8.42B
$70.6M 1.1%
904,171
-131,965
-13% -$9.95M
GOOG icon
33
Alphabet (Google) Class C
GOOG
$4.32T
$69M 1.07%
938,640
+267,060
+40% +$20.4M
META icon
34
Meta Platforms (Facebook)
META
$1.51T
$67.4M 1.05%
257,496
-30,849
-11% -$7.96M
INTC icon
35
Intel
INTC
$513B
$67.4M 1.05%
1,300,802
-390,300
-23% -$20.3M
CAE icon
36
CAE Inc. Common Shares
CAE
$8.74B
$65.9M 1.03%
4,519,130
+1,880,295
+71% +$28.5M
MRK icon
37
Merck
MRK
$318B
$65.7M 1.02%
829,663
-84,537
-9% -$6.62M
ORCL icon
38
Oracle
ORCL
$423B
$62.8M 0.98%
1,051,441
-122,625
-10% -$6.97M
STT icon
39
State Street
STT
$50.7B
$62M 0.96%
1,044,155
-137,940
-12% -$8.96M
THC icon
40
Tenet Healthcare
THC
$21.1B
$61.4M 0.96%
2,504,965
-413,210
-14% -$10.6M
PFE icon
41
Pfizer
PFE
$153B
$60.9M 0.95%
1,748,951
-181,126
-9% -$6.35M
IBM icon
42
IBM
IBM
$224B
$59.7M 0.93%
513,402
-70,291
-12% -$8.28M
CHL
43
DELISTED
China Mobile Limited
CHL
$59M 0.92%
1,834,660
-55,240
-3% -$1.94M
OVV icon
44
Ovintiv
OVV
$16.4B
$58.6M 0.91%
7,192,577
-552,831
-7% -$5.7M
BPY
45
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
$56.1M 0.87%
4,678,730
-3,173,900
-40% -$36.3M
CSCO icon
46
Cisco
CSCO
$479B
$56M 0.87%
1,422,610
-144,590
-9% -$6.3M
RDS.A
47
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$52.9M 0.82%
2,100,327
-265,980
-11% -$8.05M
COP icon
48
ConocoPhillips
COP
$141B
$52.8M 0.82%
1,607,512
-215,940
-12% -$8.18M
ABBV icon
49
AbbVie
ABBV
$435B
$50.5M 0.79%
576,627
-56,125
-9% -$5.28M
IVZ icon
50
Invesco
IVZ
$13.9B
$48.3M 0.75%
4,235,799
-480,460
-10% -$5.09M
1
2
3 4 5

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WIA
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CA
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ACM
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AWA
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DTC
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CIS
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OMC
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Letko, Brosseau & Associates's Q3 2020 Portfolio in Review

As of Q3 2020, Letko, Brosseau & Associates held 105 positions worth $6.43B, down 5% from $6.77B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Letko, Brosseau & Associates withdrew a net $616M in Q3 2020, closing 8 positions and reducing 76 holdings. Its most notable exit was BlackBerry, an estimated $12.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 29% of assets, down from 29% a quarter earlier, followed by Communication Services and Materials.

Against the trend, Letko, Brosseau & Associates opened a new position in Replimune Group worth $976K.

  • Letko, Brosseau & Associates's largest Q3 2020 buy was Replimune Group: 42,400 shares worth $976K.
  • Letko, Brosseau & Associates added most to CAE Inc. Common Shares in Q3 2020, an estimated $28.5M increase.
  • Letko, Brosseau & Associates's biggest Q3 2020 reduction was Brookfield Property Partners L.P. Limited Partnership Units, cutting an estimated $36.3M.
  • Letko, Brosseau & Associates fully exited BlackBerry in Q3 2020, selling an estimated $12.9M.
  • Letko, Brosseau & Associates's ten largest holdings make up 36% of its $6.43B portfolio in Q3 2020.
  • Letko, Brosseau & Associates opened 5 new positions and closed 8 in Q3 2020.
  • Letko, Brosseau & Associates's portfolio value fell 5% quarter-over-quarter to $6.43B.

Based on Letko, Brosseau & Associates's 13F filing for Q3 2020, filed 9 Nov 2020.