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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
-0.39%
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
$9.79B
AUM Growth
-$139M
Cap. Flow
+$17.6M
Cap. Flow %
0.18%
Top 10 Hldgs %
40.16%
Holding
94
New
1
Increased
21
Reduced
60
Closed
2

Top Buys

Rank Stock Value
1
OVV icon
Ovintiv
OVV
+$73.6M
2
CM icon
Canadian Imperial Bank of Commerce
CM
+$26M
3
PARA
Paramount Global Class B
PARA
+$22.2M
4
CX icon
Cemex
CX
+$12.5M
5
TECK icon
Teck Resources
TECK
+$11.1M

Top Sells

Rank Stock Value
1
T icon
AT&T
T
+$12.3M
2
C icon
Citigroup
C
+$11.3M
3
SLF icon
Sun Life Financial
SLF
+$8.38M
4
SBS icon
Sabesp
SBS
+$8.31M
5
VZ icon
Verizon
VZ
+$7.97M

Sector Composition

Rank Sector Weight
1 Financials 33.32%
2 Energy 19.28%
3 Communication Services 15.12%
4 Materials 7.6%
5 Technology 6.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
THC icon
51
Tenet Healthcare
THC
$20.9B
$54.8M 0.56%
2,476,785
+391,475
+19% +$8.34M
VOD icon
52
Vodafone
VOD
$37.1B
$54.5M 0.56%
2,737,682
-73,875
-3% -$1.34M
ABBV icon
53
AbbVie
ABBV
$435B
$51.8M 0.53%
684,342
-12,040
-2% -$825K
ERF
54
DELISTED
Enerplus Corporation
ERF
$49.2M 0.5%
6,604,091
-63,775
-1% -$439K
ELP
55
DELISTED
Companhia Paranaense de Energia (COPEL)
ELP
$49.1M 0.5%
10,227,650
-1,332,938
-12% -$6.73M
DVN icon
56
Devon Energy
DVN
$46.7B
$46.1M 0.47%
1,917,748
-54,090
-3% -$1.35M
SAVE
57
DELISTED
Spirit Airlines, Inc.
SAVE
$43.3M 0.44%
1,191,595
+179,775
+18% +$7.56M
BIIB icon
58
Biogen
BIIB
$30.3B
$39.3M 0.4%
168,633
-10,515
-6% -$2.45M
META icon
59
Meta Platforms (Facebook)
META
$1.51T
$37.9M 0.39%
213,093
-8,730
-4% -$1.66M
HPE icon
60
Hewlett Packard
HPE
$68.6B
$37.2M 0.38%
2,453,777
-85,650
-3% -$1.22M
SBS icon
61
Sabesp
SBS
$19B
$37.1M 0.38%
16,094,466
-3,295,018
-17% -$8.31M
GSK icon
62
GSK
GSK
$106B
$34.8M 0.36%
652,578
-33,600
-5% -$1.73M
GT icon
63
Goodyear
GT
$1.97B
$34.2M 0.35%
2,376,910
-64,675
-3% -$861K
CRUS icon
64
Cirrus Logic
CRUS
$6.21B
$32.7M 0.33%
609,504
-13,225
-2% -$676K
SWKS icon
65
Skyworks Solutions
SWKS
$10.2B
$28.9M 0.3%
364,574
-7,225
-2% -$576K
IVZ icon
66
Invesco
IVZ
$14B
$21.9M 0.22%
1,292,159
+272,740
+27% +$4.82M
FLR icon
67
Fluor
FLR
$7.52B
$21.5M 0.22%
1,123,129
+92,285
+9% +$2.2M
BB icon
68
BlackBerry
BB
$5.38B
$18.7M 0.19%
3,565,936
-4,700
-0.1% -$33K
DXC icon
69
DXC Technology
DXC
$1.75B
$17.3M 0.18%
586,798
-15,478
-3% -$659K
IBN icon
70
ICICI Bank
IBN
$108B
$16.1M 0.16%
1,320,725
-338,200
-20% -$3.97M
PDS
71
Precision Drilling
PDS
$979M
$15.6M 0.16%
678,397
-1,435
-0.2% -$41.8K
CPA icon
72
Copa Holdings
CPA
$5.82B
$14.2M 0.14%
143,500
– –
CX icon
73
Cemex
CX
$16.2B
$13.3M 0.14%
+3,400,000
New +$12.5M
HPQ icon
74
HP
HPQ
$25.9B
$12.6M 0.13%
664,672
-219,450
-25% -$4.31M
BAP icon
75
Credicorp
BAP
$31.1B
$9.17M 0.09%
44,000
– –
1 2
3
4

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WIA
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EIP
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B
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CA
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ACM
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AWA
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Letko, Brosseau & Associates's Q3 2019 Portfolio in Review

As of Q3 2019, Letko, Brosseau & Associates held 94 positions worth $9.79B, down 1.4% from $9.93B the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Trading was light in Q3 2019: portfolio turnover was 3.2%. Letko, Brosseau & Associates opened 1 new position and exited 2, leaving the 94-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 33% of assets, up from 32% a quarter earlier, followed by Energy and Communication Services.

  • Letko, Brosseau & Associates's largest Q3 2019 buy was Cemex: 3,400,000 shares worth $13.3M.
  • Letko, Brosseau & Associates added most to Ovintiv in Q3 2019, an estimated $73.6M increase.
  • Letko, Brosseau & Associates's biggest Q3 2019 reduction was AT&T, cutting an estimated $12.3M.
  • Letko, Brosseau & Associates fully exited Morgan Stanley India Investment Fund in Q3 2019, selling an estimated $5.35M.
  • Letko, Brosseau & Associates's ten largest holdings make up 40% of its $9.79B portfolio in Q3 2019.
  • Letko, Brosseau & Associates opened 1 new position and closed 2 in Q3 2019.
  • Letko, Brosseau & Associates's portfolio value fell 1.4% quarter-over-quarter to $9.79B.

Based on Letko, Brosseau & Associates's 13F filing for Q3 2019, filed 5 Nov 2019.