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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
+7.58%
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
$10.9B
AUM Growth
+$211M
Cap. Flow
-$449M
Cap. Flow %
-4.12%
Top 10 Hldgs %
34.9%
Holding
103
New
4
Increased
20
Reduced
59
Closed
6

Top Buys

Rank Stock Value
1
PAY
Verifone Systems Inc
PAY
+$47.9M
2
EMN icon
Eastman Chemical
EMN
+$40.9M
3
LPNT
LifePoint Health, Inc.
LPNT
+$22.1M
4
MRK icon
Merck
MRK
+$9.28M
5
TU icon
Telus
TU
+$7.84M

Top Sells

Rank Stock Value
1
TECK icon
Teck Resources
TECK
+$100M
2
DKS icon
Dick's Sporting Goods
DKS
+$53.9M
3
ERIC icon
Ericsson
ERIC
+$34.9M
4
CNQ icon
Canadian Natural Resources
CNQ
+$22.1M
5
BAC icon
Bank of America
BAC
+$19.5M

Sector Composition

Rank Sector Weight
1 Financials 27.34%
2 Energy 19.2%
3 Communication Services 14.64%
4 Technology 9.26%
5 Materials 8.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ELV icon
51
Elevance Health
ELV
$90.8B
$63.6M 0.58%
442,400
-21,570
-5% -$2.89M
BIIB icon
52
Biogen
BIIB
$32.1B
$61.9M 0.57%
218,341
+24,100
+12% +$7.14M
PGH
53
DELISTED
Pengrowth Energy Corporation
PGH
$60.1M 0.55%
41,787,121
+1,734,100
+4% +$2.66M
PAY
54
DELISTED
Verifone Systems Inc
PAY
$51.2M 0.47%
+2,886,000
New +$47.9M
JCI icon
55
Johnson Controls International
JCI
$83.4B
$50.9M 0.47%
1,236,581
-229,203
-16% -$10M
CCJ icon
56
Cameco
CCJ
$40.6B
$50.7M 0.46%
4,844,036
-115,075
-2% -$1.04M
FLR icon
57
Fluor
FLR
$7.16B
$45.8M 0.42%
871,098
-54,325
-6% -$2.82M
EMN icon
58
Eastman Chemical
EMN
$7.79B
$42.6M 0.39%
+567,000
New +$40.9M
GSK icon
59
GSK
GSK
$100B
$39.2M 0.36%
815,358
-36,836
-4% -$1.82M
MRO
60
DELISTED
Marathon Oil Corporation
MRO
$36.3M 0.33%
2,099,618
-243,752
-10% -$3.92M
ELP
61
DELISTED
Companhia Paranaense de Energia (COPEL)
ELP
$32.4M 0.3%
9,547,123
-54,687
-0.6% -$209K
HPQ icon
62
HP
HPQ
$30.7B
$32.1M 0.29%
2,162,467
-326,400
-13% -$4.94M
DKS icon
63
Dick's Sporting Goods
DKS
$11.6B
$31.1M 0.29%
585,895
-939,840
-62% -$53.9M
MDT icon
64
Medtronic
MDT
$120B
$29.9M 0.27%
419,910
-42,640
-9% -$3.35M
PEP icon
65
PepsiCo
PEP
$186B
$26.4M 0.24%
252,382
-127,665
-34% -$13.4M
SBS icon
66
Sabesp
SBS
$18.6B
$25.5M 0.23%
15,166,808
-768,192
-5% -$1.35M
BB icon
67
BlackBerry
BB
$4.54B
$23.5M 0.22%
3,412,330
+290,900
+9% +$2.16M
CHL
68
DELISTED
China Mobile Limited
CHL
$23.2M 0.21%
441,600
-1,200
-0.3% -$67.4K
SMI
69
DELISTED
Semiconductor Manufacturing Intl
SMI
$21.5M 0.2%
2,818,691
-714,475
-20% -$4.61M
KMB icon
70
Kimberly-Clark
KMB
$33B
$20.9M 0.19%
182,755
-13,615
-7% -$1.58M
PDS
71
Precision Drilling
PDS
$1.11B
$19.1M 0.17%
174,715
-5,600
-3% -$551K
IIF
72
Morgan Stanley India Investment Fund
IIF
$210M
$13.7M 0.13%
535,150
– –
IBN icon
73
ICICI Bank
IBN
$105B
$12.2M 0.11%
1,789,700
– –
INFY icon
74
Infosys
INFY
$47B
$11.1M 0.1%
1,500,000
– –
CM icon
75
Canadian Imperial Bank of Commerce
CM
$104B
$9.05M 0.08%
221,780
+170,110
+329% +$6.67M
1 2
3
4 5

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Letko, Brosseau & Associates's Q4 2016 Portfolio in Review

As of Q4 2016, Letko, Brosseau & Associates held 103 positions worth $10.9B, up 2% from $10.7B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Letko, Brosseau & Associates withdrew a net $449M in Q4 2016, closing 6 positions and reducing 59 holdings. Its most notable exit was Ericsson, an estimated $34.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 25% a quarter earlier, followed by Energy and Communication Services.

Against the trend, Letko, Brosseau & Associates opened a new position in Verifone Systems Inc worth $51.2M.

  • Letko, Brosseau & Associates's largest Q4 2016 buy was Verifone Systems Inc: 2,886,000 shares worth $51.2M.
  • Letko, Brosseau & Associates added most to LifePoint Health, Inc. in Q4 2016, an estimated $22.1M increase.
  • Letko, Brosseau & Associates's biggest Q4 2016 reduction was Teck Resources, cutting an estimated $100M.
  • Letko, Brosseau & Associates fully exited Ericsson in Q4 2016, selling an estimated $34.9M.
  • Letko, Brosseau & Associates's ten largest holdings make up 35% of its $10.9B portfolio in Q4 2016.
  • Letko, Brosseau & Associates opened 4 new positions and closed 6 in Q4 2016.
  • Letko, Brosseau & Associates's portfolio value rose 2% quarter-over-quarter to $10.9B.

Based on Letko, Brosseau & Associates's 13F filing for Q4 2016, filed 13 Feb 2017.