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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
-2.29%
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
$5.27B
AUM Growth
-$480M
Cap. Flow
-$339M
Cap. Flow %
-6.43%
Top 10 Hldgs %
32.74%
Holding
107
New
5
Increased
31
Reduced
52
Closed
3

Top Buys

Rank Stock Value
1
B
Barrick Mining
B
+$68M
2
INTC icon
Intel
INTC
+$25.4M
3
OTEX icon
Open Text
OTEX
+$18.2M
4
CVS icon
CVS Health
CVS
+$17.4M
5
MGA icon
Magna International
MGA
+$12.8M

Top Sells

Rank Stock Value
1
THC icon
Tenet Healthcare
THC
+$135M
2
CLS icon
Celestica
CLS
+$83.3M
3
TECK icon
Teck Resources
TECK
+$74M
4
HBM icon
Hudbay
HBM
+$59.6M
5
MFC icon
Manulife Financial
MFC
+$37.7M

Sector Composition

Rank Sector Weight
1 Financials 31.48%
2 Communication Services 17.13%
3 Materials 11.87%
4 Energy 9.82%
5 Technology 8.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SBS icon
51
Sabesp
SBS
$18.4B
$37.3M 0.71%
14,286,610
-333,756
-2% -$977K
ELP
52
DELISTED
Companhia Paranaense de Energia (COPEL)
ELP
$37M 0.7%
5,524,995
+13,550
+0.2% +$97.6K
EFXT
53
Enerflex
EFXT
$2.71B
$35.7M 0.68%
6,628,286
-110,800
-2% -$602K
SPR
54
DELISTED
Spirit AeroSystems
SPR
$34.8M 0.66%
1,058,255
-25,100
-2% -$802K
HES
55
DELISTED
Hess
HES
$34.8M 0.66%
235,787
-25,117
-10% -$3.85M
QSR icon
56
Restaurant Brands International
QSR
$27.5B
$31.7M 0.6%
450,175
-62,324
-12% -$4.45M
GPK icon
57
Graphic Packaging
GPK
$2.82B
$29.8M 0.57%
1,136,735
+13,625
+1% +$376K
UPS icon
58
United Parcel Service
UPS
$87.2B
$29.3M 0.55%
213,777
+1,222
+0.6% +$175K
MRK icon
59
Merck
MRK
$357B
$29M 0.55%
234,239
-25,180
-10% -$3.24M
BIIB icon
60
Biogen
BIIB
$32.1B
$26.1M 0.5%
112,672
+7,365
+7% +$1.6M
IVZ icon
61
Invesco
IVZ
$13.9B
$24.5M 0.47%
1,639,938
-14,925
-0.9% -$229K
INTC icon
62
Intel
INTC
$514B
$24M 0.46%
+776,000
New +$25.4M
CX icon
63
Cemex
CX
$15.1B
$22.8M 0.43%
3,572,821
-186,325
-5% -$1.43M
CXM icon
64
Sprinklr
CXM
$1.34B
$20.5M 0.39%
2,130,350
+827,375
+63% +$9.24M
DVN icon
65
Devon Energy
DVN
$54.7B
$19.3M 0.37%
407,590
+14,775
+4% +$735K
BAP icon
66
Credicorp
BAP
$29.9B
$18.2M 0.35%
112,950
+750
+0.7% +$124K
CPA icon
67
Copa Holdings
CPA
$5.2B
$16.7M 0.32%
174,975
-30,025
-15% -$3M
IBN icon
68
ICICI Bank
IBN
$105B
$15.5M 0.29%
539,575
-256,025
-32% -$6.86M
OVV icon
69
Ovintiv
OVV
$18.1B
$13.9M 0.26%
297,591
-107,155
-26% -$5.39M
VOD icon
70
Vodafone
VOD
$40.6B
$12.9M 0.24%
1,450,750
-230,485
-14% -$2.05M
DKS icon
71
Dick's Sporting Goods
DKS
$11.6B
$12.2M 0.23%
56,768
-14,890
-21% -$3.1M
PROF
72
Profound Medical
PROF
$212M
$10.1M 0.19%
1,198,775
-32,650
-3% -$263K
FTS icon
73
Fortis
FTS
$27.6B
$8.58M 0.16%
220,928
+5,000
+2% +$197K
XBI icon
74
State Street SPDR S&P Biotech ETF
XBI
$10.6B
$5.28M 0.1%
56,900
-8,900
-14% -$798K
IIF
75
Morgan Stanley India Investment Fund
IIF
$210M
$5.17M 0.1%
193,375
– –
1 2
3
4 5

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Letko, Brosseau & Associates's Q2 2024 Portfolio in Review

As of Q2 2024, Letko, Brosseau & Associates held 107 positions worth $5.27B, down 8.3% from $5.75B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Letko, Brosseau & Associates withdrew a net $339M in Q2 2024, closing 3 positions and reducing 52 holdings. Its most notable exit was iShares MSCI EAFE ETF, an estimated $401K position sold in full.

By sector, the portfolio is most concentrated in Financials at 31% of assets, up from 31% a quarter earlier, followed by Communication Services and Materials.

Against the trend, Letko, Brosseau & Associates opened a new position in Barrick Mining worth $66.8M.

  • Letko, Brosseau & Associates's largest Q2 2024 buy was Barrick Mining: 4,006,700 shares worth $66.8M.
  • Letko, Brosseau & Associates added most to Open Text in Q2 2024, an estimated $18.2M increase.
  • Letko, Brosseau & Associates's biggest Q2 2024 reduction was Tenet Healthcare, cutting an estimated $135M.
  • Letko, Brosseau & Associates fully exited iShares MSCI EAFE ETF in Q2 2024, selling an estimated $401K.
  • Letko, Brosseau & Associates's ten largest holdings make up 33% of its $5.27B portfolio in Q2 2024.
  • Letko, Brosseau & Associates opened 5 new positions and closed 3 in Q2 2024.
  • Letko, Brosseau & Associates's portfolio value fell 8.3% quarter-over-quarter to $5.27B.

Based on Letko, Brosseau & Associates's 13F filing for Q2 2024, filed 6 Aug 2024.