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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
INFY icon
76
Infosys
INFY
$50.5B
$2.24M 0.02%
196,975
-15,525
-7% -$175K
ING icon
77
ING
ING
$102B
$2.13M 0.02%
203,352
-8,764
-4% -$92.2K
OTEX icon
78
Open Text
OTEX
$5.98B
$1.52M 0.02%
37,230
– –
GOOG icon
79
Alphabet (Google) Class C
GOOG
$4.32T
$998K 0.01%
16,380
+2,400
+17% +$142K
AAPL icon
80
Apple
AAPL
$4.55T
$767K 0.01%
13,700
+5,700
+71% +$298K
RDS.B
81
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
$736K 0.01%
12,287
– –
AMZN icon
82
Amazon
AMZN
$2.96T
$651K 0.01%
7,500
+1,000
+15% +$92.7K
MET icon
83
MetLife
MET
$62.2B
$618K 0.01%
13,099
– –
GOOGL icon
84
Alphabet (Google) Class A
GOOGL
$4.33T
$543K 0.01%
8,900
+2,400
+37% +$142K
V icon
85
Visa
V
$677B
$427K ﹤0.01%
2,480
+200
+9% +$35.6K
UNH icon
86
UnitedHealth
UNH
$372B
$402K ﹤0.01%
1,850
– –
E icon
87
ENI
E
$77.7B
$396K ﹤0.01%
13,000
– –
FDX icon
88
FedEx
FDX
$75.2B
$386K ﹤0.01%
2,649
+24
+0.9% +$3.87K
MBT
89
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
$363K ﹤0.01%
44,775
-525
-1% -$4.31K
MSFT icon
90
Microsoft
MSFT
$3.71T
$250K ﹤0.01%
1,800
– –
AMTD
91
DELISTED
TD Ameritrade Holding Corp
AMTD
$234K ﹤0.01%
5,000
– –
TEF
92
DELISTED
Telefonica
TEF
$166K ﹤0.01%
26,992
– –
GTE icon
93
Gran Tierra Energy
GTE
$315M
– –
-11,230
Closed -$176K
IIF
94
Morgan Stanley India Investment Fund
IIF
$221M
– –
-255,265
Closed -$5.35M
1 2 3
4

Similar funds

NP
NorthRock Partners Minneapolis, Minnesota $6.2B AUM 15.8% 1-Year Est. Return
WIA
World Investment Advisors Santa Barbara, California $6.2B AUM 19.68% 1-Year Est. Return
EIP
Energy Income Partners Westport, Connecticut $6.22B AUM 18.97% 1-Year Est. Return
CA
Cambridge Associates Boston, Massachusetts $6.27B AUM 14.78% 1-Year Est. Return
ACM
AKRE Capital Management Middleburg, Virginia $6.13B AUM 15.27% 1-Year Est. Return
AWA
Arkadios Wealth Advisors Atlanta, Georgia $6.13B AUM 23.41% 1-Year Est. Return
DTC
Deep Track Capital Greenwich, Connecticut $6.12B AUM 144% 1-Year Est. Return
CIS
Capital International Sarl Los Angeles, California $6.11B AUM 32.29% 1-Year Est. Return

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.