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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
+0.99%
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
$11.7B
AUM Growth
-$421M
Cap. Flow
-$488M
Cap. Flow %
-4.16%
Top 10 Hldgs %
31.95%
Holding
105
New
–
Increased
27
Reduced
56
Closed
5

Top Buys

Rank Stock Value
1
VZ icon
Verizon
VZ
+$128M
2
CVE icon
Cenovus Energy
CVE
+$121M
3
HBM icon
Hudbay
HBM
+$45M
4
TECK icon
Teck Resources
TECK
+$8.48M
5
PGH
Pengrowth Energy Corporation
PGH
+$6.91M

Top Sells

Rank Stock Value
1
VOD icon
Vodafone
VOD
+$346M
2
BPO
BROOKFIELD OFFICE PROPERTIES. INC
BPO
+$149M
3
TAC icon
TransAlta
TAC
+$107M
4
AZN icon
AstraZeneca
AZN
+$62.5M
5
CNQ icon
Canadian Natural Resources
CNQ
+$13M

Sector Composition

Rank Sector Weight
1 Energy 23.58%
2 Financials 20.25%
3 Communication Services 12.83%
4 Technology 8.3%
5 Materials 7.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EWG icon
101
iShares MSCI Germany ETF
EWG
$1.61B
– –
-10,481
Closed -$333K
TRP icon
102
TC Energy
TRP
$66.5B
– –
-5,095
Closed -$233K
VOD icon
103
Vodafone
VOD
$36.9B
– –
-8,637,377
Closed -$346M
WBA
104
DELISTED
Walgreens Boots Alliance
WBA
– –
-5,000
Closed -$287K
BPO
105
DELISTED
BROOKFIELD OFFICE PROPERTIES. INC
BPO
– –
-7,766,040
Closed -$149M
1 2 3 4
5

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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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DTC
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Letko, Brosseau & Associates's Q1 2014 Portfolio in Review

As of Q1 2014, Letko, Brosseau & Associates held 105 positions worth $11.7B, down 3.5% from $12.1B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Letko, Brosseau & Associates withdrew a net $488M in Q1 2014, closing 5 positions and reducing 56 holdings. Its most notable exit was Vodafone, an estimated $346M position sold in full.

By sector, the portfolio is most concentrated in Energy at 24% of assets, up from 21% a quarter earlier, followed by Financials and Communication Services.

Against the trend, Letko, Brosseau & Associates added an estimated $128M to Verizon.

  • Letko, Brosseau & Associates added most to Verizon in Q1 2014, an estimated $128M increase.
  • Letko, Brosseau & Associates's biggest Q1 2014 reduction was TransAlta, cutting an estimated $107M.
  • Letko, Brosseau & Associates fully exited Vodafone in Q1 2014, selling an estimated $346M.
  • Letko, Brosseau & Associates's ten largest holdings make up 32% of its $11.7B portfolio in Q1 2014.
  • Letko, Brosseau & Associates opened 0 new positions and closed 5 in Q1 2014.
  • Letko, Brosseau & Associates's portfolio value fell 3.5% quarter-over-quarter to $11.7B.

Based on Letko, Brosseau & Associates's 13F filing for Q1 2014, filed 12 May 2014.