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Letko, Brosseau & Associates

Letko, Brosseau & Associates Portfolio holdings

AUM $6.77B Turnover 14.78%
1-Year Est. Return 38.11%
This Fund
S&P 500
This Quarter Est. Return
+9.6%
1 Year Est. Return
+38.11%
3 Year Est. Return
+83.35%
5 Year Est. Return
+109.01%
10 Year Est. Return
+317.99%
AUM
$11B
AUM Growth
+$821M
Cap. Flow
-$48.1M
Cap. Flow %
-0.43%
Top 10 Hldgs %
35.1%
Holding
101
New
2
Increased
23
Reduced
54
Closed
4
Avg Time Held
3.3 years
Top 10 Avg Time Held
2.4 years
Top 20 Avg Time Held
3 years

Top Buys

Rank Stock Value
1
CVE icon
Cenovus Energy
CVE
+$62.5M
2
PDS icon
Precision Drilling
PDS
+$29M
3
SAVE icon
Spirit Airlines, Inc.
SAVE
+$24.1M
4
DKS icon
Dick's Sporting Goods
DKS
+$19.6M
5
OSB
Norbord Inc.
OSB
+$14.9M

Top Sells

Rank Stock Value
1
JNJ icon
Johnson & Johnson
JNJ
+$83.5M
2
PEP icon
PepsiCo
PEP
+$23.8M
3
TU icon
Telus
TU
+$21.3M
4
CRTO icon
Criteo S.A.
CRTO
+$17.2M
5
HPE icon
Hewlett Packard
HPE
+$13.4M

Sector Composition

Rank Sector Weight
1 Financials 27.22%
2 Energy 19.83%
3 Communication Services 14.42%
4 Technology 9.33%
5 Materials 9.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
SU icon
1
Suncor Energy
SU
$88.8B
$468M 4.24%
13,384,957
-26,983
-0.2% -$861K
2013 Q2
17 quarters
CNQ icon
2
Canadian Natural Resources
CNQ
$107B
$460M 4.16%
28,098,286
-208,345
-0.7% -$3.19M
2013 Q2
17 quarters
BNS icon
3
Scotiabank
BNS
$110B
$439M 3.97%
6,841,012
+29,198
+0.4% +$1.82M
2013 Q2
17 quarters
BMO icon
4
Bank of Montreal
BMO
$114B
$390M 3.53%
5,171,086
-39,499
-0.8% -$2.95M
2013 Q2
17 quarters
RY icon
5
Royal Bank of Canada
RY
$268B
$381M 3.45%
4,935,399
-19,285
-0.4% -$1.44M
2013 Q2
17 quarters
MFC icon
6
Manulife Financial
MFC
$71.3B
$369M 3.34%
18,213,978
-344,990
-2% -$6.86M
2013 Q2
17 quarters
TD icon
7
Toronto Dominion Bank
TD
$192B
$365M 3.31%
6,501,749
-83,300
-1% -$4.37M
2013 Q2
17 quarters
CVE icon
8
Cenovus Energy
CVE
$60.2B
$348M 3.15%
34,801,339
+7,642,707
+28% +$62.5M
2013 Q2
17 quarters
TU icon
9
Telus
TU
$12.8B
$343M 3.11%
19,143,940
-1,190,324
-6% -$21.3M
2013 Q2
17 quarters
SLF icon
10
Sun Life Financial
SLF
$43.4B
$315M 2.85%
7,925,078
+3,916
+0% +$149K
2013 Q2
17 quarters
MGA icon
11
Magna International
MGA
$17.2B
$305M 2.76%
5,722,369
+25,680
+0.5% +$1.25M
2013 Q2
17 quarters
BCE icon
12
BCE
BCE
$18.3B
$292M 2.64%
6,251,203
-18,714
-0.3% -$876K
2013 Q2
17 quarters
TECK icon
13
Teck Resources
TECK
$31.8B
$283M 2.56%
13,480,047
-257,240
-2% -$5.6M
2013 Q2
17 quarters
RCI icon
14
Rogers Communications
RCI
$16.8B
$282M 2.55%
5,486,307
-222,534
-4% -$11.4M
2013 Q2
17 quarters
C icon
15
Citigroup
C
$205B
$276M 2.5%
3,790,803
-59,042
-2% -$4.03M
2013 Q2
17 quarters
TRI icon
16
Thomson Reuters
TRI
$45.7B
$264M 2.39%
4,975,205
-111,495
-2% -$5.95M
2013 Q2
17 quarters
CLS icon
17
Celestica
CLS
$40.8B
$242M 2.19%
19,602,713
+31,175
+0.2% +$384K
2013 Q2
17 quarters
BAC icon
18
Bank of America
BAC
$359B
$230M 2.08%
9,082,025
-135,325
-1% -$3.28M
2013 Q2
17 quarters
RDS.A
19
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$224M 2.03%
3,704,431
+16,825
+0.5% +$941K
2013 Q2
17 quarters
T icon
20
AT&T
T
$158B
$219M 1.99%
7,416,790
+55,509
+0.8% +$1.58M
2013 Q2
17 quarters
VZ icon
21
Verizon
VZ
$185B
$218M 1.97%
4,398,041
+8,812
+0.2% +$415K
2013 Q2
17 quarters
HBM icon
22
Hudbay
HBM
$10.8B
$207M 1.88%
28,015,464
+652,300
+2% +$4.91M
2013 Q2
17 quarters
OVV icon
23
Ovintiv
OVV
$18.5B
$191M 1.73%
3,245,389
-19,316
-0.6% -$944K
2013 Q2
17 quarters
CSCO icon
24
Cisco
CSCO
$448B
$181M 1.64%
5,389,840
-61,100
-1% -$1.94M
2013 Q2
17 quarters
OSB
25
DELISTED
Norbord Inc.
OSB
$176M 1.59%
4,627,306
+428,450
+10% +$14.9M
2016 Q1
6 quarters
1
2 3 4 5

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Letko, Brosseau & Associates's Q3 2017 Portfolio in Review

As of Q3 2017, Letko, Brosseau & Associates held 101 positions worth $11B, up 8% from $10.2B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Letko, Brosseau & Associates's Q3 2017 filing shows 2 new, 23 increased, 54 reduced and 4 closed positions. Its largest new stake was Spirit Airlines, Inc.: 601,200 shares worth $20.1M. The largest sale was Johnson & Johnson, an estimated $83.5M.

By sector, the portfolio is most concentrated in Financials at 27% of assets, down from 28% a quarter earlier, followed by Energy and Communication Services.

  • Letko, Brosseau & Associates's largest Q3 2017 buy was Spirit Airlines, Inc.: 601,200 shares worth $20.1M.
  • Letko, Brosseau & Associates added most to Cenovus Energy in Q3 2017, an estimated $62.5M increase.
  • Letko, Brosseau & Associates's biggest Q3 2017 reduction was Telus, cutting an estimated $21.3M.
  • Letko, Brosseau & Associates fully exited Johnson & Johnson in Q3 2017, selling an estimated $83.5M.
  • Letko, Brosseau & Associates's ten largest holdings make up 35% of its $11B portfolio in Q3 2017.
  • Letko, Brosseau & Associates opened 2 new positions and closed 4 in Q3 2017.
  • Letko, Brosseau & Associates's portfolio value rose 8% quarter-over-quarter to $11B.

Based on Letko, Brosseau & Associates's 13F filing for Q3 2017, filed 13 Nov 2017.