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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
+7.74%
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
$12.6B
AUM Growth
+$872M
Cap. Flow
+$32.6M
Cap. Flow %
0.26%
Top 10 Hldgs %
32.98%
Holding
105
New
5
Increased
26
Reduced
50
Closed
6

Top Buys

Rank Stock Value
1
BPY
Brookfield Property Partners L.P. Limited Partnership Units
BPY
+$139M
2
VOD icon
Vodafone
VOD
+$113M
3
FCX icon
Freeport-McMoran
FCX
+$105M
4
GILD icon
Gilead Sciences
GILD
+$75.7M
5
AXLL
AXIALL CORP COM STK (DE)
AXLL
+$32M

Top Sells

Rank Stock Value
1
POT
Potash Corp Of Saskatchewan
POT
+$198M
2
AZN icon
AstraZeneca
AZN
+$102M
3
OTEX icon
Open Text
OTEX
+$42.6M
4
GIB icon
CGI
GIB
+$37.9M
5
TAC icon
TransAlta
TAC
+$35.8M

Sector Composition

Rank Sector Weight
1 Energy 25.33%
2 Financials 19.9%
3 Communication Services 13.28%
4 Technology 7.57%
5 Materials 7.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CNQ icon
1
Canadian Natural Resources
CNQ
$96.9B
$659M 5.23%
29,672,903
-240,645
-0.8% -$4.81M
SU icon
2
Suncor Energy
SU
$77.7B
$611M 4.85%
14,336,731
+838
+0% +$32.6K
TU icon
3
Telus
TU
$17.4B
$423M 3.36%
22,701,188
-270,810
-1% -$4.95M
BCE icon
4
BCE
BCE
$20.8B
$391M 3.11%
8,624,955
+93,665
+1% +$4.22M
MFC icon
5
Manulife Financial
MFC
$73B
$384M 3.05%
19,353,646
-191,901
-1% -$3.63M
BMO icon
6
Bank of Montreal
BMO
$123B
$383M 3.04%
5,201,118
+67,065
+1% +$4.68M
SLF icon
7
Sun Life Financial
SLF
$45.6B
$376M 2.99%
10,235,306
-61,180
-0.6% -$2.11M
TD icon
8
Toronto Dominion Bank
TD
$193B
$313M 2.49%
6,091,197
+187,350
+3% +$9.09M
TLM
9
DELISTED
TALISMAN ENERGY INC
TLM
$308M 2.45%
29,163,204
+830,090
+3% +$8.67M
RDS.A
10
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$304M 2.42%
3,695,955
-40,412
-1% -$3.16M
COP icon
11
ConocoPhillips
COP
$144B
$300M 2.39%
3,503,860
-58,775
-2% -$4.58M
TRI icon
12
Thomson Reuters
TRI
$46.4B
$276M 2.19%
6,528,114
+74,804
+1% +$3.06M
RY icon
13
Royal Bank of Canada
RY
$287B
$262M 2.08%
3,667,925
+98,219
+3% +$6.66M
GE icon
14
GE Aerospace
GE
$364B
$260M 2.06%
2,064,196
+6,155
+0.3% +$783K
RCI icon
15
Rogers Communications
RCI
$18.8B
$252M 2%
6,273,031
+368,760
+6% +$14.9M
VZ icon
16
Verizon
VZ
$197B
$252M 2%
5,144,323
+89,567
+2% +$4.34M
TECK icon
17
Teck Resources
TECK
$28.2B
$245M 1.94%
10,729,948
+621,775
+6% +$13.9M
CLS icon
18
Celestica
CLS
$37.8B
$235M 1.86%
18,672,143
+389,825
+2% +$4.49M
DVN icon
19
Devon Energy
DVN
$51.3B
$234M 1.86%
2,948,760
-48,850
-2% -$3.55M
T icon
20
AT&T
T
$164B
$227M 1.8%
8,504,556
+106,416
+1% +$2.85M
BAC icon
21
Bank of America
BAC
$429B
$225M 1.79%
14,644,711
-68,975
-0.5% -$1.07M
C icon
22
Citigroup
C
$213B
$220M 1.75%
4,671,753
+76,530
+2% +$3.64M
MGA icon
23
Magna International
MGA
$18.8B
$220M 1.75%
4,085,384
-89,844
-2% -$4.57M
HES
24
DELISTED
Hess
HES
$208M 1.65%
2,098,750
-89,835
-4% -$8.11M
CSCO icon
25
Cisco
CSCO
$444B
$203M 1.62%
8,184,963
-42,075
-0.5% -$1M
1
2 3 4 5

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EIP
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B
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Letko, Brosseau & Associates's Q2 2014 Portfolio in Review

As of Q2 2014, Letko, Brosseau & Associates held 105 positions worth $12.6B, up 7.4% from $11.7B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Letko, Brosseau & Associates's Q2 2014 filing shows 5 new, 26 increased, 50 reduced and 6 closed positions. Its largest new stake was Brookfield Property Partners L.P. Limited Partnership Units: 6,973,531 shares worth $146M. The largest sale was Potash Corp Of Saskatchewan, an estimated $198M.

By sector, the portfolio is most concentrated in Energy at 25% of assets, up from 24% a quarter earlier, followed by Financials and Communication Services.

  • Letko, Brosseau & Associates's largest Q2 2014 buy was Brookfield Property Partners L.P. Limited Partnership Units: 6,973,531 shares worth $146M.
  • Letko, Brosseau & Associates added most to Cenovus Energy in Q2 2014, an estimated $15.5M increase.
  • Letko, Brosseau & Associates's biggest Q2 2014 reduction was Potash Corp Of Saskatchewan, cutting an estimated $198M.
  • Letko, Brosseau & Associates fully exited CGI in Q2 2014, selling an estimated $37.9M.
  • Letko, Brosseau & Associates's ten largest holdings make up 33% of its $12.6B portfolio in Q2 2014.
  • Letko, Brosseau & Associates opened 5 new positions and closed 6 in Q2 2014.
  • Letko, Brosseau & Associates's portfolio value rose 7.4% quarter-over-quarter to $12.6B.

Based on Letko, Brosseau & Associates's 13F filing for Q2 2014, filed 15 Aug 2014.