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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
+9.05%
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
$6.98B
AUM Growth
+$72.9M
Cap. Flow
-$503M
Cap. Flow %
-7.21%
Top 10 Hldgs %
34.94%
Holding
110
New
5
Increased
17
Reduced
65
Closed
3

Top Buys

Rank Stock Value
1
VMW
VMware, Inc
VMW
+$37.5M
2
QSR icon
Restaurant Brands International
QSR
+$32.4M
3
VWO icon
Vanguard FTSE Emerging Markets ETF
VWO
+$25.2M
4
RCI icon
Rogers Communications
RCI
+$23.1M
5
SBS icon
Sabesp
SBS
+$13M

Top Sells

Rank Stock Value
1
CVE icon
Cenovus Energy
CVE
+$136M
2
CNQ icon
Canadian Natural Resources
CNQ
+$122M
3
OVV icon
Ovintiv
OVV
+$90.3M
4
SU icon
Suncor Energy
SU
+$40.2M
5
INTC icon
Intel
INTC
+$36.4M

Sector Composition

Rank Sector Weight
1 Financials 29.03%
2 Communication Services 16.04%
3 Materials 14.13%
4 Energy 13.16%
5 Healthcare 8.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
T icon
26
AT&T
T
$182B
$90.2M 1.29%
4,855,217
+672,328
+16% +$12.6M
VZ icon
27
Verizon
VZ
$213B
$89.7M 1.29%
1,726,679
-23,317
-1% -$1.22M
TRP icon
28
TC Energy
TRP
$63.4B
$87.2M 1.25%
1,872,687
-62,250
-3% -$3.08M
GILD icon
29
Gilead Sciences
GILD
$182B
$86.2M 1.23%
1,186,771
-9,075
-0.8% -$625K
THC icon
30
Tenet Healthcare
THC
$21.2B
$83.1M 1.19%
1,016,982
-58,820
-5% -$4.3M
SJR
31
DELISTED
Shaw Communications Inc.
SJR
$72.8M 1.04%
2,394,683
-89,275
-4% -$2.61M
EMN icon
32
Eastman Chemical
EMN
$7.66B
$72.2M 1.03%
597,354
-13,035
-2% -$1.45M
STT icon
33
State Street
STT
$53.1B
$71.4M 1.02%
768,225
-19,075
-2% -$1.8M
ORCL icon
34
Oracle
ORCL
$417B
$67.5M 0.97%
774,452
-23,160
-3% -$2.17M
CAE icon
35
CAE Inc
CAE
$7.83B
$65.1M 0.93%
2,576,711
-113,849
-4% -$3.18M
GE icon
36
GE Aerospace
GE
$329B
$63.4M 0.91%
1,077,265
-19,521
-2% -$1.23M
META icon
37
Meta Platforms (Facebook)
META
$1.7T
$63.3M 0.91%
188,050
-7,460
-4% -$2.48M
COP icon
38
ConocoPhillips
COP
$164B
$63M 0.9%
873,515
-40,900
-4% -$2.98M
WMT icon
39
Walmart Inc
WMT
$865B
$62.9M 0.9%
1,303,560
-23,460
-2% -$1.12M
BAC icon
40
Bank of America
BAC
$416B
$62.6M 0.9%
1,406,477
-648,095
-32% -$29.5M
CMCSA icon
41
Comcast
CMCSA
$88.3B
$61.6M 0.88%
1,224,412
-19,995
-2% -$1.04M
OVV icon
42
Ovintiv
OVV
$17.6B
$60.7M 0.87%
1,800,949
-2,529,267
-58% -$90.3M
QSR icon
43
Restaurant Brands International
QSR
$26.8B
$58.4M 0.84%
961,190
+549,300
+133% +$32.4M
UPS icon
44
United Parcel Service
UPS
$87.2B
$56.1M 0.8%
261,943
-7,365
-3% -$1.5M
WFC icon
45
Wells Fargo
WFC
$268B
$54.7M 0.78%
1,139,374
-20,535
-2% -$1.01M
CSCO icon
46
Cisco
CSCO
$434B
$51.6M 0.74%
814,050
-32,855
-4% -$1.88M
MRK icon
47
Merck
MRK
$357B
$49.9M 0.72%
651,406
-11,855
-2% -$944K
BERY
48
DELISTED
Berry Global Group, Inc.
BERY
$45.8M 0.66%
675,899
+127,822
+23% +$7.92M
IVZ icon
49
Invesco
IVZ
$13.9B
$45.4M 0.65%
1,974,043
-67,925
-3% -$1.65M
RDS.A
50
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$45.2M 0.65%
1,041,052
-102,305
-9% -$4.62M
1
2
3 4 5

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Letko, Brosseau & Associates's Q4 2021 Portfolio in Review

As of Q4 2021, Letko, Brosseau & Associates held 110 positions worth $6.98B, up 1.1% from $6.91B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Letko, Brosseau & Associates withdrew a net $503M in Q4 2021, closing 3 positions and reducing 65 holdings. Its most notable exit was Intel, an estimated $36.4M position sold in full.

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

Against the trend, Letko, Brosseau & Associates opened a new position in VMware, Inc worth $33M.

  • Letko, Brosseau & Associates's largest Q4 2021 buy was VMware, Inc: 285,150 shares worth $33M.
  • Letko, Brosseau & Associates added most to Restaurant Brands International in Q4 2021, an estimated $32.4M increase.
  • Letko, Brosseau & Associates's biggest Q4 2021 reduction was Cenovus Energy, cutting an estimated $136M.
  • Letko, Brosseau & Associates fully exited Intel in Q4 2021, selling an estimated $36.4M.
  • Letko, Brosseau & Associates's ten largest holdings make up 35% of its $6.98B portfolio in Q4 2021.
  • Letko, Brosseau & Associates opened 5 new positions and closed 3 in Q4 2021.
  • Letko, Brosseau & Associates's portfolio value rose 1.1% quarter-over-quarter to $6.98B.

Based on Letko, Brosseau & Associates's 13F filing for Q4 2021, filed 9 Feb 2022.