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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
+8.72%
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
$6.7B
AUM Growth
-$277M
Cap. Flow
-$747M
Cap. Flow %
-11.15%
Top 10 Hldgs %
35.66%
Holding
110
New
3
Increased
15
Reduced
63
Closed
9

Top Buys

Rank Stock Value
1
ADNT icon
Adient
ADNT
+$65.3M
2
SHEL icon
Shell
SHEL
+$56.7M
3
MGA icon
Magna International
MGA
+$28.3M
4
SWKS icon
Skyworks Solutions
SWKS
+$18.3M
5
MAC icon
Macerich
MAC
+$15M

Top Sells

Rank Stock Value
1
PVG
PRETIUM RESOURCES INC.
PVG
+$101M
2
CVE icon
Cenovus Energy
CVE
+$87.9M
3
CNQ icon
Canadian Natural Resources
CNQ
+$85.8M
4
SU icon
Suncor Energy
SU
+$78.5M
5
TECK icon
Teck Resources
TECK
+$69.7M

Sector Composition

Rank Sector Weight
1 Financials 29.09%
2 Communication Services 16.29%
3 Energy 13.06%
4 Materials 12.61%
5 Healthcare 8.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
T icon
26
AT&T
T
$163B
$84.8M 1.26%
4,749,998
-105,219
-2% -$1.95M
C icon
27
Citigroup
C
$226B
$78.6M 1.17%
1,471,426
-27,380
-2% -$1.69M
SJR
28
DELISTED
Shaw Communications Inc.
SJR
$70.1M 1.05%
2,257,383
-137,300
-6% -$4.12M
GILD icon
29
Gilead Sciences
GILD
$165B
$69.3M 1.03%
1,164,878
-21,893
-2% -$1.4M
THC icon
30
Tenet Healthcare
THC
$21.1B
$68.1M 1.02%
791,747
-225,235
-22% -$18.5M
CAE icon
31
CAE Inc. Common Shares
CAE
$8.74B
$65.6M 0.98%
2,519,169
-57,542
-2% -$1.46M
STT icon
32
State Street
STT
$50.7B
$64.7M 0.97%
743,033
-25,192
-3% -$2.33M
EMN icon
33
Eastman Chemical
EMN
$8.42B
$64.7M 0.96%
577,104
-20,250
-3% -$2.37M
OVV icon
34
Ovintiv
OVV
$16.4B
$64.6M 0.96%
1,193,012
-607,937
-34% -$26.2M
WMT icon
35
Walmart Inc
WMT
$890B
$63.6M 0.95%
1,281,990
-21,570
-2% -$1.01M
ORCL icon
36
Oracle
ORCL
$423B
$62.9M 0.94%
759,827
-14,625
-2% -$1.18M
ADNT icon
37
Adient
ADNT
$1.5B
$62M 0.92%
+1,519,625
New +$65.3M
GE icon
38
GE Aerospace
GE
$384B
$60.1M 0.9%
1,054,599
-22,666
-2% -$1.35M
SHEL icon
39
Shell
SHEL
$245B
$58.7M 0.88%
+1,068,404
New +$56.7M
COP icon
40
ConocoPhillips
COP
$141B
$57.4M 0.86%
573,980
-299,535
-34% -$27.5M
BAC icon
41
Bank of America
BAC
$442B
$56.5M 0.84%
1,369,587
-36,890
-3% -$1.66M
CMCSA icon
42
Comcast
CMCSA
$90B
$56.3M 0.84%
1,203,008
-21,404
-2% -$1.03M
ELP
43
DELISTED
Companhia Paranaense de Energia (COPEL)
ELP
$56.1M 0.84%
8,974,356
-1,007,413
-10% -$5.27M
UPS icon
44
United Parcel Service
UPS
$88.9B
$54.3M 0.81%
253,033
-8,910
-3% -$1.89M
QSR icon
45
Restaurant Brands International
QSR
$25.8B
$53.9M 0.8%
922,140
-39,050
-4% -$2.22M
WFC icon
46
Wells Fargo
WFC
$264B
$53.8M 0.8%
1,109,874
-29,500
-3% -$1.58M
MRK icon
47
Merck
MRK
$318B
$52.5M 0.78%
639,759
-11,647
-2% -$918K
SBS icon
48
Sabesp
SBS
$18.7B
$51M 0.76%
26,733,733
-4,623,338
-15% -$6.8M
META icon
49
Meta Platforms (Facebook)
META
$1.51T
$49.7M 0.74%
223,456
+35,406
+19% +$8.85M
BERY
50
DELISTED
Berry Global Group, Inc.
BERY
$47.6M 0.71%
893,541
+217,642
+32% +$12.7M
1
2
3 4 5

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CA
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Letko, Brosseau & Associates's Q1 2022 Portfolio in Review

As of Q1 2022, Letko, Brosseau & Associates held 110 positions worth $6.7B, down 4% from $6.98B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Letko, Brosseau & Associates withdrew a net $747M in Q1 2022, closing 9 positions and reducing 63 holdings. Its most notable exit was PRETIUM RESOURCES INC., an estimated $101M 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 Energy.

Against the trend, Letko, Brosseau & Associates opened a new position in Adient worth $62M.

  • Letko, Brosseau & Associates's largest Q1 2022 buy was Adient: 1,519,625 shares worth $62M.
  • Letko, Brosseau & Associates added most to Magna International in Q1 2022, an estimated $28.3M increase.
  • Letko, Brosseau & Associates's biggest Q1 2022 reduction was Cenovus Energy, cutting an estimated $87.9M.
  • Letko, Brosseau & Associates fully exited PRETIUM RESOURCES INC. in Q1 2022, selling an estimated $101M.
  • Letko, Brosseau & Associates's ten largest holdings make up 36% of its $6.7B portfolio in Q1 2022.
  • Letko, Brosseau & Associates opened 3 new positions and closed 9 in Q1 2022.
  • Letko, Brosseau & Associates's portfolio value fell 4% quarter-over-quarter to $6.7B.

Based on Letko, Brosseau & Associates's 13F filing for Q1 2022, filed 11 May 2022.