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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
+15.7%
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
$7.33B
AUM Growth
+$29.8M
Cap. Flow
-$960M
Cap. Flow %
-13.1%
Top 10 Hldgs %
34.8%
Holding
114
New
8
Increased
13
Reduced
67
Closed
12

Top Buys

Rank Stock Value
1
WFG icon
West Fraser Timber
WFG
+$137M
2
TRP icon
TC Energy
TRP
+$74.4M
3
SJR
Shaw Communications Inc.
SJR
+$49.5M
4
CVE icon
Cenovus Energy
CVE
+$27.5M
5
ABBV icon
AbbVie
ABBV
+$25.6M

Top Sells

Rank Stock Value
1
OSB
Norbord Inc.
OSB
+$166M
2
MGA icon
Magna International
MGA
+$105M
3
TECK icon
Teck Resources
TECK
+$70.4M
4
FCX icon
Freeport-McMoran
FCX
+$63.1M
5
TD icon
Toronto Dominion Bank
TD
+$54.4M

Sector Composition

Rank Sector Weight
1 Financials 28.87%
2 Energy 16.87%
3 Communication Services 15.54%
4 Materials 12.56%
5 Technology 7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PVG
26
DELISTED
PRETIUM RESOURCES INC.
PVG
$88.7M 1.21%
8,551,700
-2,107,606
-20% -$22.6M
CAE icon
27
CAE Inc
CAE
$7.83B
$88.3M 1.2%
3,098,720
-649,350
-17% -$17.3M
GOOG icon
28
Alphabet (Google) Class C
GOOG
$4.23T
$84.1M 1.15%
813,080
-33,340
-4% -$3.31M
ABBV icon
29
AbbVie
ABBV
$454B
$83.7M 1.14%
773,104
+239,117
+45% +$25.6M
GE icon
30
GE Aerospace
GE
$329B
$82.5M 1.13%
1,260,805
-189,981
-13% -$11.5M
OTEX icon
31
Open Text
OTEX
$5.8B
$82.3M 1.12%
1,726,094
-230,796
-12% -$10.8M
GILD icon
32
Gilead Sciences
GILD
$182B
$81.7M 1.11%
1,264,156
+126,918
+11% +$8.18M
ADNT icon
33
Adient
ADNT
$1.45B
$81M 1.11%
1,832,621
-132,633
-7% -$5.01M
IVZ icon
34
Invesco
IVZ
$13.9B
$76.4M 1.04%
3,030,424
-527,000
-15% -$11.8M
EMN icon
35
Eastman Chemical
EMN
$7.66B
$76.2M 1.04%
691,561
-56,335
-8% -$6.12M
CMCSA icon
36
Comcast
CMCSA
$88.3B
$73.6M 1%
1,360,295
-100,985
-7% -$5.33M
DKS icon
37
Dick's Sporting Goods
DKS
$11.6B
$73.5M 1%
964,860
-242,838
-20% -$17.5M
THC icon
38
Tenet Healthcare
THC
$21.2B
$73M 1%
1,403,548
-650,272
-32% -$32.9M
BPY
39
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
$72M 0.98%
4,047,350
-296,012
-7% -$5.16M
STT icon
40
State Street
STT
$53.1B
$71.9M 0.98%
856,368
-46,872
-5% -$3.63M
SJR
41
DELISTED
Shaw Communications Inc.
SJR
$70.4M 0.96%
2,707,950
+2,507,175
+1,249% +$49.5M
COP icon
42
ConocoPhillips
COP
$164B
$67.4M 0.92%
1,272,577
-135,480
-10% -$6.68M
RDS.A
43
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$66.7M 0.91%
1,700,952
-101,859
-6% -$4.1M
WMT icon
44
Walmart Inc
WMT
$865B
$66.3M 0.9%
1,464,831
-95,760
-6% -$4.44M
ORCL icon
45
Oracle
ORCL
$417B
$62.7M 0.85%
893,007
-53,424
-6% -$3.46M
META icon
46
Meta Platforms (Facebook)
META
$1.7T
$62.6M 0.85%
212,550
-8,464
-4% -$2.28M
CSCO icon
47
Cisco
CSCO
$434B
$62.1M 0.85%
1,201,772
-77,598
-6% -$3.64M
UPS icon
48
United Parcel Service
UPS
$87.2B
$60M 0.82%
353,166
-24,605
-7% -$3.98M
INTC icon
49
Intel
INTC
$514B
$56.7M 0.77%
886,297
-248,445
-22% -$14.8M
MRK icon
50
Merck
MRK
$357B
$54.2M 0.74%
736,708
-19,139
-3% -$1.41M
1
2
3 4 5

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Letko, Brosseau & Associates's Q1 2021 Portfolio in Review

As of Q1 2021, Letko, Brosseau & Associates held 114 positions worth $7.33B, up 0.41% from $7.3B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Letko, Brosseau & Associates withdrew a net $960M in Q1 2021, closing 12 positions and reducing 67 holdings. Its most notable exit was Norbord Inc., an estimated $166M 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 Energy and Communication Services.

Against the trend, Letko, Brosseau & Associates opened a new position in West Fraser Timber worth $146M.

  • Letko, Brosseau & Associates's largest Q1 2021 buy was West Fraser Timber: 2,034,879 shares worth $146M.
  • Letko, Brosseau & Associates added most to TC Energy in Q1 2021, an estimated $74.4M increase.
  • Letko, Brosseau & Associates's biggest Q1 2021 reduction was Magna International, cutting an estimated $105M.
  • Letko, Brosseau & Associates fully exited Norbord Inc. in Q1 2021, selling an estimated $166M.
  • Letko, Brosseau & Associates's ten largest holdings make up 35% of its $7.33B portfolio in Q1 2021.
  • Letko, Brosseau & Associates opened 8 new positions and closed 12 in Q1 2021.
  • Letko, Brosseau & Associates's portfolio value rose 0.41% quarter-over-quarter to $7.33B.

Based on Letko, Brosseau & Associates's 13F filing for Q1 2021, filed 11 May 2021.