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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
-1.13%
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
$6.91B
AUM Growth
-$595M
Cap. Flow
-$467M
Cap. Flow %
-6.76%
Top 10 Hldgs %
35.1%
Holding
109
New
3
Increased
13
Reduced
72
Closed
4

Top Buys

Rank Stock Value
1
BHC icon
Bausch Health
BHC
+$33M
2
MAC icon
Macerich
MAC
+$13.1M
3
MAXR
Maxar Technologies Inc. Common Stock
MAXR
+$11.4M
4
SAVE
Spirit Airlines, Inc.
SAVE
+$6.66M
5
SPR
Spirit AeroSystems
SPR
+$6.66M

Top Sells

Rank Stock Value
1
ADNT icon
Adient
ADNT
+$77.2M
2
CNQ icon
Canadian Natural Resources
CNQ
+$36.3M
3
DKS icon
Dick's Sporting Goods
DKS
+$30.9M
4
CVE icon
Cenovus Energy
CVE
+$27.6M
5
TU icon
Telus
TU
+$27.4M

Sector Composition

Rank Sector Weight
1 Financials 28.74%
2 Energy 17.27%
3 Communication Services 15.86%
4 Materials 12.6%
5 Healthcare 7.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BAC icon
26
Bank of America
BAC
$416B
$87.2M 1.26%
2,054,572
-183,590
-8% -$7.4M
OTEX icon
27
Open Text
OTEX
$5.8B
$85.8M 1.24%
1,759,261
-31,475
-2% -$1.64M
T icon
28
AT&T
T
$182B
$85.3M 1.24%
4,182,889
-171,094
-4% -$3.59M
GILD icon
29
Gilead Sciences
GILD
$182B
$83.5M 1.21%
1,195,846
-58,120
-5% -$4.08M
CAE icon
30
CAE Inc
CAE
$7.83B
$80.4M 1.16%
2,690,560
-208,625
-7% -$6.18M
ABBV icon
31
AbbVie
ABBV
$463B
$78M 1.13%
723,124
-40,545
-5% -$4.63M
PVG
32
DELISTED
PRETIUM RESOURCES INC.
PVG
$76M 1.1%
7,857,842
-304,200
-4% -$2.9M
SJR
33
DELISTED
Shaw Communications Inc.
SJR
$72.2M 1.05%
2,483,958
-142,875
-5% -$4.14M
THC icon
34
Tenet Healthcare
THC
$21.3B
$71.5M 1.03%
1,075,802
-154,495
-13% -$11M
GE icon
35
GE Aerospace
GE
$329B
$70.4M 1.02%
1,096,786
-72,062
-6% -$4.63M
CMCSA icon
36
Comcast
CMCSA
$88.3B
$69.6M 1.01%
1,244,407
-65,285
-5% -$3.81M
ORCL icon
37
Oracle
ORCL
$417B
$69.5M 1.01%
797,612
-71,395
-8% -$6.31M
STT icon
38
State Street
STT
$51.7B
$66.7M 0.97%
787,300
-59,655
-7% -$5.19M
META icon
39
Meta Platforms (Facebook)
META
$1.7T
$66.4M 0.96%
195,510
-12,597
-6% -$4.54M
COP icon
40
ConocoPhillips
COP
$164B
$62M 0.9%
914,415
-230,315
-20% -$13.3M
WMT icon
41
Walmart Inc
WMT
$865B
$61.7M 0.89%
1,327,020
-87,276
-6% -$4.2M
EMN icon
42
Eastman Chemical
EMN
$7.66B
$61.5M 0.89%
610,389
-36,075
-6% -$3.98M
WFC icon
43
Wells Fargo
WFC
$268B
$53.8M 0.78%
1,159,909
-43,565
-4% -$2.02M
RDS.A
44
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$51M 0.74%
1,143,357
-487,175
-30% -$19.7M
MRK icon
45
Merck
MRK
$357B
$49.8M 0.72%
663,261
-33,425
-5% -$2.54M
IVZ icon
46
Invesco
IVZ
$13.9B
$49.2M 0.71%
2,041,968
-278,107
-12% -$6.96M
UPS icon
47
United Parcel Service
UPS
$87.2B
$49M 0.71%
269,308
-22,360
-8% -$4.41M
IBM icon
48
IBM
IBM
$235B
$47.8M 0.69%
359,572
-20,580
-5% -$2.75M
CSCO icon
49
Cisco
CSCO
$434B
$46.1M 0.67%
846,905
-258,580
-23% -$14.5M
TFC icon
50
Truist Financial
TFC
$61.2B
$43.4M 0.63%
740,026
-40,935
-5% -$2.29M
1
2
3 4 5

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MCM
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Letko, Brosseau & Associates's Q3 2021 Portfolio in Review

As of Q3 2021, Letko, Brosseau & Associates held 109 positions worth $6.91B, down 7.9% from $7.5B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Letko, Brosseau & Associates withdrew a net $467M in Q3 2021, closing 4 positions and reducing 72 holdings. Its most notable exit was Adient, an estimated $77.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 29% of assets, up from 28% a quarter earlier, followed by Energy and Communication Services.

Against the trend, Letko, Brosseau & Associates opened a new position in Bausch Health worth $32.5M.

  • Letko, Brosseau & Associates's largest Q3 2021 buy was Bausch Health: 1,164,200 shares worth $32.5M.
  • Letko, Brosseau & Associates added most to Macerich in Q3 2021, an estimated $13.1M increase.
  • Letko, Brosseau & Associates's biggest Q3 2021 reduction was Canadian Natural Resources, cutting an estimated $36.3M.
  • Letko, Brosseau & Associates fully exited Adient in Q3 2021, selling an estimated $77.2M.
  • Letko, Brosseau & Associates's ten largest holdings make up 35% of its $6.91B portfolio in Q3 2021.
  • Letko, Brosseau & Associates opened 3 new positions and closed 4 in Q3 2021.
  • Letko, Brosseau & Associates's portfolio value fell 7.9% quarter-over-quarter to $6.91B.

Based on Letko, Brosseau & Associates's 13F filing for Q3 2021, filed 3 Nov 2021.