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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
+3.49%
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
+$292M
Cap. Flow
+$27.4M
Cap. Flow %
0.25%
Top 10 Hldgs %
36.66%
Holding
104
New
4
Increased
29
Reduced
52
Closed
5

Top Buys

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$83.5M
2
CM icon
Canadian Imperial Bank of Commerce
CM
+$46.5M
3
GE icon
GE Aerospace
GE
+$46.5M
4
QCOM icon
Qualcomm
QCOM
+$32.7M
5
IVZ icon
Invesco
IVZ
+$27.4M

Top Sells

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$83.8M
2
PAY
Verifone Systems Inc
PAY
+$41.6M
3
INTC icon
Intel
INTC
+$30.1M
4
PGH
Pengrowth Energy Corporation
PGH
+$27.1M
5
CCJ icon
Cameco
CCJ
+$21.9M

Sector Composition

Rank Sector Weight
1 Financials 27.25%
2 Energy 21.86%
3 Communication Services 13.34%
4 Technology 8.26%
5 Materials 7.79%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SU icon
1
Suncor Energy
SU
$77.7B
$552M 5.05%
13,562,100
-448,510
-3% -$17.5M
CNQ icon
2
Canadian Natural Resources
CNQ
$96.9B
$496M 4.54%
28,086,905
+160,597
+0.6% +$2.72M
CVE icon
3
Cenovus Energy
CVE
$54.2B
$413M 3.78%
39,769,651
+194,244
+0.5% +$1.96M
BNS icon
4
Scotiabank
BNS
$105B
$400M 3.66%
7,074,301
+169,207
+2% +$10.2M
BMO icon
5
Bank of Montreal
BMO
$123B
$399M 3.65%
5,160,473
-3,394
-0.1% -$261K
TD icon
6
Toronto Dominion Bank
TD
$193B
$376M 3.44%
6,501,137
-9,167
-0.1% -$525K
RY icon
7
Royal Bank of Canada
RY
$287B
$366M 3.35%
4,865,490
+9,193
+0.2% +$704K
MFC icon
8
Manulife Financial
MFC
$73B
$345M 3.16%
19,231,896
+1,381,094
+8% +$26M
TECK icon
9
Teck Resources
TECK
$28.2B
$331M 3.03%
13,002,051
-164,262
-1% -$4.4M
TU icon
10
Telus
TU
$17.4B
$328M 3%
18,480,158
-88,770
-0.5% -$1.57M
MGA icon
11
Magna International
MGA
$18.8B
$314M 2.88%
5,407,153
-231,654
-4% -$14.4M
SLF icon
12
Sun Life Financial
SLF
$45.6B
$312M 2.86%
7,779,043
-19,588
-0.3% -$811K
BCE icon
13
BCE
BCE
$20.8B
$267M 2.44%
6,584,749
+104,371
+2% +$4.38M
CLS icon
14
Celestica
CLS
$37.8B
$243M 2.23%
20,487,963
+71,150
+0.3% +$816K
C icon
15
Citigroup
C
$213B
$241M 2.21%
3,602,008
+20,405
+0.6% +$1.4M
TRI icon
16
Thomson Reuters
TRI
$46.4B
$227M 2.08%
4,846,542
+1,521
+0% +$69.9K
RDS.A
17
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$224M 2.05%
3,241,868
-247,389
-7% -$17.1M
VZ icon
18
Verizon
VZ
$197B
$216M 1.98%
4,295,757
-15,441
-0.4% -$747K
RCI icon
19
Rogers Communications
RCI
$18.8B
$211M 1.93%
4,438,612
+16,851
+0.4% +$792K
OVV icon
20
Ovintiv
OVV
$17B
$205M 1.87%
3,135,178
-3,598
-0.1% -$226K
OSB
21
DELISTED
Norbord Inc.
OSB
$192M 1.76%
4,675,311
-23,070
-0.5% -$949K
T icon
22
AT&T
T
$164B
$182M 1.66%
7,484,193
+115,016
+2% +$2.89M
COP icon
23
ConocoPhillips
COP
$144B
$175M 1.6%
2,512,291
-67,935
-3% -$4.53M
HBM icon
24
Hudbay
HBM
$9.76B
$154M 1.41%
27,618,176
+183,567
+0.7% +$1.25M
MRK icon
25
Merck
MRK
$322B
$144M 1.31%
2,477,643
-38,330
-2% -$2.16M
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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AWA
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Letko, Brosseau & Associates's Q2 2018 Portfolio in Review

As of Q2 2018, Letko, Brosseau & Associates held 104 positions worth $10.9B, up 2.7% from $10.6B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Letko, Brosseau & Associates's Q2 2018 filing shows 4 new, 29 increased, 52 reduced and 5 closed positions. Its largest new stake was Wells Fargo: 1,558,865 shares worth $86.4M. The largest sale was Bank of America, an estimated $83.8M.

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 Q2 2018 buy was Wells Fargo: 1,558,865 shares worth $86.4M.
  • Letko, Brosseau & Associates added most to Canadian Imperial Bank of Commerce in Q2 2018, an estimated $46.5M increase.
  • Letko, Brosseau & Associates's biggest Q2 2018 reduction was Bank of America, cutting an estimated $83.8M.
  • Letko, Brosseau & Associates fully exited Verifone Systems Inc in Q2 2018, selling an estimated $41.6M.
  • Letko, Brosseau & Associates's ten largest holdings make up 37% of its $10.9B portfolio in Q2 2018.
  • Letko, Brosseau & Associates opened 4 new positions and closed 5 in Q2 2018.
  • Letko, Brosseau & Associates's portfolio value rose 2.7% quarter-over-quarter to $10.9B.

Based on Letko, Brosseau & Associates's 13F filing for Q2 2018, filed 7 Aug 2018.