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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
+0.35%
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
$10.9B
AUM Growth
+$326M
Cap. Flow
+$349M
Cap. Flow %
3.2%
Top 10 Hldgs %
29.76%
Holding
108
New
1
Increased
33
Reduced
43
Closed
7

Top Buys

Rank Stock Value
1
BNS icon
Scotiabank
BNS
+$102M
2
OVV icon
Ovintiv
OVV
+$83.9M
3
FLR icon
Fluor
FLR
+$56.2M
4
CVE icon
Cenovus Energy
CVE
+$42.8M
5
TECK icon
Teck Resources
TECK
+$24M

Top Sells

Rank Stock Value
1
AGU
Agrium
AGU
+$9.03M
2
CBPO
China Biologic Products Holdings, Inc.
CBPO
+$8.34M
3
PEP icon
PepsiCo
PEP
+$5.16M
4
LPNT
LifePoint Health, Inc.
LPNT
+$4.34M
5
MGA icon
Magna International
MGA
+$4.2M

Sector Composition

Rank Sector Weight
1 Financials 23.3%
2 Energy 18.53%
3 Communication Services 13.37%
4 Technology 8.43%
5 Healthcare 8.32%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CNQ icon
1
Canadian Natural Resources
CNQ
$96.9B
$399M 3.66%
30,405,324
+884,891
+3% +$13.3M
SU icon
2
Suncor Energy
SU
$77.7B
$393M 3.6%
14,232,935
+18,258
+0.1% +$552K
MFC icon
3
Manulife Financial
MFC
$73B
$368M 3.38%
19,803,870
-108,720
-0.5% -$2.02M
TU icon
4
Telus
TU
$17.4B
$338M 3.1%
19,622,972
+126,552
+0.6% +$2.17M
SLF icon
5
Sun Life Financial
SLF
$45.6B
$335M 3.07%
10,021,960
-63,800
-0.6% -$2.1M
BMO icon
6
Bank of Montreal
BMO
$123B
$313M 2.87%
5,282,328
+67,887
+1% +$4.26M
BNS icon
7
Scotiabank
BNS
$105B
$287M 2.63%
5,807,169
+2,005,395
+53% +$102M
TRI icon
8
Thomson Reuters
TRI
$46.4B
$281M 2.57%
6,346,774
+10,178
+0.2% +$477K
TD icon
9
Toronto Dominion Bank
TD
$193B
$272M 2.49%
6,386,403
+133,383
+2% +$5.97M
GE icon
10
GE Aerospace
GE
$364B
$262M 2.4%
2,060,868
-13,897
-0.7% -$1.8M
BCE icon
11
BCE
BCE
$20.8B
$261M 2.39%
6,136,967
+278,098
+5% +$12.2M
C icon
12
Citigroup
C
$213B
$260M 2.38%
4,699,272
+32,096
+0.7% +$1.75M
RY icon
13
Royal Bank of Canada
RY
$287B
$259M 2.37%
4,229,484
+131,835
+3% +$8.49M
BAC icon
14
Bank of America
BAC
$429B
$246M 2.25%
14,452,496
+46,510
+0.3% +$767K
VZ icon
15
Verizon
VZ
$197B
$245M 2.25%
5,263,600
+27,606
+0.5% +$1.35M
T icon
16
AT&T
T
$164B
$243M 2.23%
9,074,986
+145,647
+2% +$3.76M
RCI icon
17
Rogers Communications
RCI
$18.8B
$243M 2.23%
6,845,381
+362,362
+6% +$12.6M
CLS icon
18
Celestica
CLS
$37.8B
$218M 2%
18,693,926
-189,002
-1% -$2.3M
PFE icon
19
Pfizer
PFE
$143B
$215M 1.97%
6,757,377
-81,759
-1% -$2.66M
COP icon
20
ConocoPhillips
COP
$144B
$212M 1.94%
3,444,723
+29,936
+0.9% +$1.95M
MGA icon
21
Magna International
MGA
$18.8B
$210M 1.93%
3,741,143
-75,465
-2% -$4.2M
CSCO icon
22
Cisco
CSCO
$443B
$210M 1.93%
7,654,738
-84,850
-1% -$2.43M
RDS.A
23
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$209M 1.91%
3,662,943
+46,051
+1% +$2.8M
IBM icon
24
IBM
IBM
$213B
$198M 1.81%
1,271,860
+75,553
+6% +$12.1M
AGU
25
DELISTED
Agrium
AGU
$190M 1.74%
1,786,364
-85,821
-5% -$9.03M
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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Letko, Brosseau & Associates's Q2 2015 Portfolio in Review

As of Q2 2015, Letko, Brosseau & Associates held 108 positions worth $10.9B, up 3.1% from $10.6B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Letko, Brosseau & Associates deployed $349M of net new capital in Q2 2015, opening 1 new position and adding to 33 existing holdings. Its largest new stake was Fluor: 973,310 shares worth $51.6M.

By sector, the portfolio is most concentrated in Financials at 23% of assets, up from 22% a quarter earlier, followed by Energy and Communication Services.

On the sell side, the largest reduction was Agrium, an estimated $9.03M trimmed.

  • Letko, Brosseau & Associates's largest Q2 2015 buy was Fluor: 973,310 shares worth $51.6M.
  • Letko, Brosseau & Associates added most to Scotiabank in Q2 2015, an estimated $102M increase.
  • Letko, Brosseau & Associates's biggest Q2 2015 reduction was Agrium, cutting an estimated $9.03M.
  • Letko, Brosseau & Associates fully exited China Biologic Products Holdings, Inc. in Q2 2015, selling an estimated $8.34M.
  • Letko, Brosseau & Associates's ten largest holdings make up 30% of its $10.9B portfolio in Q2 2015.
  • Letko, Brosseau & Associates opened 1 new position and closed 7 in Q2 2015.
  • Letko, Brosseau & Associates's portfolio value rose 3.1% quarter-over-quarter to $10.9B.

Based on Letko, Brosseau & Associates's 13F filing for Q2 2015, filed 4 Aug 2015.