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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
+6.1%
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
$12.1B
AUM Growth
+$647M
Cap. Flow
-$29.2M
Cap. Flow %
-0.24%
Top 10 Hldgs %
31.77%
Holding
107
New
9
Increased
18
Reduced
65
Closed
2

Top Buys

Rank Stock Value
1
IBM icon
IBM
IBM
+$187M
2
BAX icon
Baxter International
BAX
+$134M
3
TECK icon
Teck Resources
TECK
+$52.5M
4
PGH
Pengrowth Energy Corporation
PGH
+$31.6M
5
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$21.2M

Top Sells

Rank Stock Value
1
GIB icon
CGI
GIB
+$46.1M
2
TAC icon
TransAlta
TAC
+$45.5M
3
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
+$32M
4
CP icon
Canadian Pacific Kansas City
CP
+$22.5M
5
VOD icon
Vodafone
VOD
+$22.3M

Sector Composition

Rank Sector Weight
1 Energy 21.21%
2 Financials 20.06%
3 Communication Services 14.3%
4 Industrials 8.1%
5 Technology 7.91%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SU icon
1
Suncor Energy
SU
$77.7B
$504M 4.15%
14,405,361
-305,417
-2% -$10.7M
CNQ icon
2
Canadian Natural Resources
CNQ
$96.9B
$501M 4.13%
30,684,174
+289,793
+1% +$4.51M
TU icon
3
Telus
TU
$17.4B
$401M 3.3%
23,334,974
-1,036,170
-4% -$17.9M
MFC icon
4
Manulife Financial
MFC
$73B
$391M 3.22%
19,832,962
-587,750
-3% -$10.8M
BCE icon
5
BCE
BCE
$20.8B
$373M 3.07%
8,627,702
-164,096
-2% -$7.14M
SLF icon
6
Sun Life Financial
SLF
$45.6B
$371M 3.06%
10,530,164
-522,477
-5% -$17.8M
VOD icon
7
Vodafone
VOD
$37.1B
$346M 2.85%
8,637,377
-593,641
-6% -$22.3M
BMO icon
8
Bank of Montreal
BMO
$123B
$345M 2.85%
5,189,341
-179,614
-3% -$12.2M
TLM
9
DELISTED
TALISMAN ENERGY INC
TLM
$328M 2.7%
28,232,234
-747,770
-3% -$8.99M
TRI icon
10
Thomson Reuters
TRI
$46.4B
$295M 2.43%
6,733,228
-314,021
-4% -$13.4M
TD icon
11
Toronto Dominion Bank
TD
$193B
$281M 2.31%
5,969,052
-94,164
-2% -$4.29M
GE icon
12
GE Aerospace
GE
$364B
$277M 2.28%
2,058,337
-58,740
-3% -$7.4M
RCI icon
13
Rogers Communications
RCI
$18.8B
$265M 2.19%
5,869,911
-82,580
-1% -$3.68M
RDS.A
14
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$263M 2.16%
3,683,892
+73,035
+2% +$4.91M
TECK icon
15
Teck Resources
TECK
$28.2B
$253M 2.09%
9,742,534
+2,032,854
+26% +$52.5M
COP icon
16
ConocoPhillips
COP
$144B
$248M 2.05%
3,515,930
-61,095
-2% -$4.39M
RY icon
17
Royal Bank of Canada
RY
$287B
$244M 2.01%
3,631,892
-104,209
-3% -$6.91M
C icon
18
Citigroup
C
$213B
$238M 1.96%
4,574,803
+404,910
+10% +$20.5M
BAC icon
19
Bank of America
BAC
$429B
$230M 1.89%
14,740,391
-292,417
-2% -$4.34M
T icon
20
AT&T
T
$164B
$219M 1.8%
8,250,971
-162,964
-2% -$4.29M
PFE icon
21
Pfizer
PFE
$143B
$214M 1.77%
7,379,560
-747,382
-9% -$21.8M
AGU
22
DELISTED
Agrium
AGU
$197M 1.62%
2,155,552
-57,535
-3% -$5.08M
IBM icon
23
IBM
IBM
$213B
$194M 1.6%
+1,083,075
New +$187M
CLS icon
24
Celestica
CLS
$37.8B
$190M 1.57%
18,340,468
-316,505
-2% -$3.33M
HES
25
DELISTED
Hess
HES
$187M 1.54%
2,255,310
-102,890
-4% -$8.36M
1
2 3 4 5

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EIP
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B
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Letko, Brosseau & Associates's Q4 2013 Portfolio in Review

As of Q4 2013, Letko, Brosseau & Associates held 107 positions worth $12.1B, up 5.6% from $11.5B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Letko, Brosseau & Associates's Q4 2013 filing shows 9 new, 18 increased, 65 reduced and 2 closed positions. Its largest new stake was IBM: 1,083,075 shares worth $194M. The largest sale was CGI, an estimated $46.1M.

By sector, the portfolio is most concentrated in Energy at 21% of assets, down from 22% a quarter earlier, followed by Financials and Communication Services.

  • Letko, Brosseau & Associates's largest Q4 2013 buy was IBM: 1,083,075 shares worth $194M.
  • Letko, Brosseau & Associates added most to Teck Resources in Q4 2013, an estimated $52.5M increase.
  • Letko, Brosseau & Associates's biggest Q4 2013 reduction was CGI, cutting an estimated $46.1M.
  • Letko, Brosseau & Associates fully exited KB Financial Group in Q4 2013, selling an estimated $3.59M.
  • Letko, Brosseau & Associates's ten largest holdings make up 32% of its $12.1B portfolio in Q4 2013.
  • Letko, Brosseau & Associates opened 9 new positions and closed 2 in Q4 2013.
  • Letko, Brosseau & Associates's portfolio value rose 5.6% quarter-over-quarter to $12.1B.

Based on Letko, Brosseau & Associates's 13F filing for Q4 2013, filed 13 Feb 2014.