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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
-4.79%
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
$10.6B
AUM Growth
-$758M
Cap. Flow
-$144M
Cap. Flow %
-1.36%
Top 10 Hldgs %
35.77%
Holding
106
New
4
Increased
18
Reduced
56
Closed
6

Top Buys

Rank Stock Value
1
NTR icon
Nutrien
NTR
+$120M
2
ADNT icon
Adient
ADNT
+$65.7M
3
CHL
China Mobile Limited
CHL
+$59.6M
4
PVG
PRETIUM RESOURCES INC.
PVG
+$37.6M
5
CVE icon
Cenovus Energy
CVE
+$37.4M

Top Sells

Rank Stock Value
1
AGU
Agrium
AGU
+$160M
2
CSCO icon
Cisco
CSCO
+$83.9M
3
WMT icon
Walmart Inc
WMT
+$34.4M
4
MDT icon
Medtronic
MDT
+$29.5M
5
BAC icon
Bank of America
BAC
+$23.3M

Sector Composition

Rank Sector Weight
1 Financials 27.68%
2 Energy 19.59%
3 Communication Services 13.59%
4 Technology 8.92%
5 Materials 8.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SU icon
1
Suncor Energy
SU
$77.7B
$483M 4.55%
14,010,610
-404,981
-3% -$14.1M
CNQ icon
2
Canadian Natural Resources
CNQ
$96.9B
$430M 4.04%
27,926,308
-531,461
-2% -$8.54M
BNS icon
3
Scotiabank
BNS
$105B
$425M 4%
6,905,094
-15,385
-0.2% -$976K
BMO icon
4
Bank of Montreal
BMO
$123B
$390M 3.66%
5,163,867
-71,619
-1% -$5.63M
RY icon
5
Royal Bank of Canada
RY
$287B
$375M 3.52%
4,856,297
-96,819
-2% -$7.86M
TD icon
6
Toronto Dominion Bank
TD
$193B
$369M 3.47%
6,510,304
-126,083
-2% -$7.38M
TECK icon
7
Teck Resources
TECK
$28.2B
$339M 3.19%
13,166,313
-503,137
-4% -$14.2M
CVE icon
8
Cenovus Energy
CVE
$54.2B
$337M 3.17%
39,575,407
+4,238,416
+12% +$37.4M
MFC icon
9
Manulife Financial
MFC
$73B
$331M 3.11%
17,850,802
-1,955
-0% -$39.1K
TU icon
10
Telus
TU
$17.4B
$326M 3.06%
18,568,928
-211,102
-1% -$3.85M
SLF icon
11
Sun Life Financial
SLF
$45.6B
$320M 3.01%
7,798,631
-127,616
-2% -$5.38M
MGA icon
12
Magna International
MGA
$18.8B
$317M 2.98%
5,638,807
-88,557
-2% -$4.95M
BCE icon
13
BCE
BCE
$20.8B
$279M 2.62%
6,480,378
+216,022
+3% +$9.71M
C icon
14
Citigroup
C
$213B
$242M 2.27%
3,581,603
-60,433
-2% -$4.54M
BAC icon
15
Bank of America
BAC
$429B
$235M 2.21%
7,837,861
-742,013
-9% -$23.3M
RDS.A
16
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$223M 2.09%
3,489,257
-94,719
-3% -$6.24M
TRI icon
17
Thomson Reuters
TRI
$46.4B
$217M 2.04%
4,845,021
-75,463
-2% -$3.61M
CLS icon
18
Celestica
CLS
$37.8B
$211M 1.98%
20,416,813
+90,750
+0.4% +$977K
VZ icon
19
Verizon
VZ
$197B
$206M 1.94%
4,311,198
-15,001
-0.3% -$754K
T icon
20
AT&T
T
$164B
$198M 1.87%
7,369,177
+53,766
+0.7% +$1.5M
RCI icon
21
Rogers Communications
RCI
$18.8B
$197M 1.86%
4,421,761
-70,880
-2% -$3.33M
HBM icon
22
Hudbay
HBM
$9.76B
$194M 1.82%
27,434,609
-649,090
-2% -$5.42M
OVV icon
23
Ovintiv
OVV
$17B
$172M 1.62%
3,138,776
-61,407
-2% -$3.64M
OSB
24
DELISTED
Norbord Inc.
OSB
$170M 1.6%
4,698,381
-6,250
-0.1% -$223K
COP icon
25
ConocoPhillips
COP
$144B
$153M 1.44%
2,580,226
-104,623
-4% -$5.92M
1
2 3 4 5

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EIP
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Letko, Brosseau & Associates's Q1 2018 Portfolio in Review

As of Q1 2018, Letko, Brosseau & Associates held 106 positions worth $10.6B, down 6.7% from $11.4B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Letko, Brosseau & Associates's Q1 2018 filing shows 4 new, 18 increased, 56 reduced and 6 closed positions. Its largest new stake was Nutrien: 2,387,603 shares worth $113M. The largest sale was Agrium, an estimated $160M.

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

  • Letko, Brosseau & Associates's largest Q1 2018 buy was Nutrien: 2,387,603 shares worth $113M.
  • Letko, Brosseau & Associates added most to Adient in Q1 2018, an estimated $65.7M increase.
  • Letko, Brosseau & Associates's biggest Q1 2018 reduction was Cisco, cutting an estimated $83.9M.
  • Letko, Brosseau & Associates fully exited Agrium in Q1 2018, selling an estimated $160M.
  • Letko, Brosseau & Associates's ten largest holdings make up 36% of its $10.6B portfolio in Q1 2018.
  • Letko, Brosseau & Associates opened 4 new positions and closed 6 in Q1 2018.
  • Letko, Brosseau & Associates's portfolio value fell 6.7% quarter-over-quarter to $10.6B.

Based on Letko, Brosseau & Associates's 13F filing for Q1 2018, filed 8 May 2018.