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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
+2.69%
1 Year Est. Return
+38.92%
3 Year Est. Return
+73.78%
5 Year Est. Return
+108.79%
10 Year Est. Return
+305.85%
AUM
$10.7B
AUM Growth
-$224M
Cap. Flow
-$441M
Cap. Flow %
-4.13%
Top 10 Hldgs %
34%
Holding
100
New
3
Increased
8
Reduced
71
Closed
5

Top Buys

Rank Stock Value
1
CVE icon
Cenovus Energy
CVE
+$80.4M
2
ABBV icon
AbbVie
ABBV
+$38.3M
3
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
+$26.7M
4
DKS icon
Dick's Sporting Goods
DKS
+$7.87M
5
EMN icon
Eastman Chemical
EMN
+$7.79M

Top Sells

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$73.7M
2
TECK icon
Teck Resources
TECK
+$59.8M
3
SLF icon
Sun Life Financial
SLF
+$58.5M
4
RY icon
Royal Bank of Canada
RY
+$27.7M
5
AGU
Agrium
AGU
+$25.7M

Sector Composition

Rank Sector Weight
1 Financials 26.19%
2 Energy 18.42%
3 Communication Services 14.69%
4 Technology 9.97%
5 Healthcare 7.65%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BIIB icon
51
Biogen
BIIB
$30B
$59M 0.55%
215,876
-2,465
-1% -$697K
EMN icon
52
Eastman Chemical
EMN
$8B
$53.8M 0.5%
666,035
+99,035
+17% +$7.79M
PAY
53
DELISTED
Verifone Systems Inc
PAY
$53.2M 0.5%
2,841,075
-44,925
-2% -$857K
CCJ icon
54
Cameco
CCJ
$37.6B
$52.8M 0.49%
4,780,776
-63,260
-1% -$722K
TFC icon
55
Truist Financial
TFC
$63.3B
$50.1M 0.47%
1,120,525
-289,395
-21% -$13.5M
JCI icon
56
Johnson Controls International
JCI
$88.8B
$49.5M 0.46%
1,176,062
-60,519
-5% -$2.56M
FLR icon
57
Fluor
FLR
$7.01B
$44.8M 0.42%
852,073
-19,025
-2% -$1.04M
GSK icon
58
GSK
GSK
$104B
$42.5M 0.4%
806,110
-9,248
-1% -$469K
PGH
59
DELISTED
Pengrowth Energy Corporation
PGH
$42.2M 0.39%
42,245,621
+458,500
+1% +$569K
ABBV icon
60
AbbVie
ABBV
$443B
$39.7M 0.37%
+609,470
New +$38.3M
ELP
61
DELISTED
Companhia Paranaense de Energia (COPEL)
ELP
$38.4M 0.36%
9,306,998
-240,125
-3% -$994K
DKS icon
62
Dick's Sporting Goods
DKS
$17.5B
$36.1M 0.34%
741,230
+155,335
+27% +$7.87M
HPQ icon
63
HP
HPQ
$24.9B
$34.4M 0.32%
1,926,549
-235,918
-11% -$3.82M
MDT icon
64
Medtronic
MDT
$109B
$32.6M 0.31%
405,170
-14,740
-4% -$1.15M
MRO
65
DELISTED
Marathon Oil Corporation
MRO
$31.2M 0.29%
1,975,338
-124,280
-6% -$2.04M
SBS icon
66
Sabesp
SBS
$19.1B
$29.3M 0.27%
14,499,167
-667,641
-4% -$1.32M
BB icon
67
BlackBerry
BB
$4.98B
$28.2M 0.26%
3,643,805
+231,475
+7% +$1.65M
PEP icon
68
PepsiCo
PEP
$190B
$27.3M 0.26%
244,163
-8,219
-3% -$882K
CHL
69
DELISTED
China Mobile Limited
CHL
$24.9M 0.23%
451,325
+9,725
+2% +$543K
IIF
70
Morgan Stanley India Investment Fund
IIF
$217M
$16.9M 0.16%
535,150
– –
PDS
71
Precision Drilling
PDS
$999M
$16.2M 0.15%
171,986
-2,729
-2% -$286K
IBN icon
72
ICICI Bank
IBN
$108B
$14M 0.13%
1,789,700
– –
INFY icon
73
Infosys
INFY
$48.7B
$11.8M 0.11%
1,500,000
– –
MBT
74
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
$10.5M 0.1%
955,550
-600
-0.1% -$6.23K
CM icon
75
Canadian Imperial Bank of Commerce
CM
$108B
$9.48M 0.09%
220,180
-1,600
-0.7% -$69.6K
1 2
3
4

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Letko, Brosseau & Associates's Q1 2017 Portfolio in Review

As of Q1 2017, Letko, Brosseau & Associates held 100 positions worth $10.7B, down 2.1% from $10.9B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Letko, Brosseau & Associates withdrew a net $441M in Q1 2017, closing 5 positions and reducing 71 holdings. Its most notable exit was Semiconductor Manufacturing Intl, an estimated $21.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 26% of assets, down from 27% a quarter earlier, followed by Energy and Communication Services.

Against the trend, Letko, Brosseau & Associates opened a new position in AbbVie worth $39.7M.

  • Letko, Brosseau & Associates's largest Q1 2017 buy was AbbVie: 609,470 shares worth $39.7M.
  • Letko, Brosseau & Associates added most to Cenovus Energy in Q1 2017, an estimated $80.4M increase.
  • Letko, Brosseau & Associates's biggest Q1 2017 reduction was Bank of America, cutting an estimated $73.7M.
  • Letko, Brosseau & Associates fully exited Semiconductor Manufacturing Intl in Q1 2017, selling an estimated $21.5M.
  • Letko, Brosseau & Associates's ten largest holdings make up 34% of its $10.7B portfolio in Q1 2017.
  • Letko, Brosseau & Associates opened 3 new positions and closed 5 in Q1 2017.
  • Letko, Brosseau & Associates's portfolio value fell 2.1% quarter-over-quarter to $10.7B.

Based on Letko, Brosseau & Associates's 13F filing for Q1 2017, filed 11 May 2017.