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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
+13.86%
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
$10B
AUM Growth
+$1.01B
Cap. Flow
-$111M
Cap. Flow %
-1.11%
Top 10 Hldgs %
37.75%
Holding
115
New
2
Increased
34
Reduced
52
Closed
18

Top Buys

Rank Stock Value
1
OVV icon
Ovintiv
OVV
+$78.4M
2
PARA
Paramount Global Class B
PARA
+$22.5M
3
CM icon
Canadian Imperial Bank of Commerce
CM
+$20.3M
4
ADNT icon
Adient
ADNT
+$17.6M
5
VOD icon
Vodafone
VOD
+$13.9M

Top Sells

Rank Stock Value
1
TRI icon
Thomson Reuters
TRI
+$98.2M
2
QCOM icon
Qualcomm
QCOM
+$40.1M
3
RCI icon
Rogers Communications
RCI
+$31.1M
4
BCE icon
BCE
BCE
+$30.8M
5
JCI icon
Johnson Controls International
JCI
+$20.2M

Sector Composition

Rank Sector Weight
1 Financials 30.05%
2 Energy 20%
3 Communication Services 15.13%
4 Materials 9.29%
5 Technology 7.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SU icon
1
Suncor Energy
SU
$77.7B
$424M 4.23%
13,082,728
-183,816
-1% -$5.99M
BNS icon
2
Scotiabank
BNS
$105B
$417M 4.16%
7,838,384
+169,632
+2% +$9.29M
CNQ icon
3
Canadian Natural Resources
CNQ
$96.9B
$408M 4.06%
30,305,622
+315,932
+1% +$4.2M
BMO icon
4
Bank of Montreal
BMO
$123B
$394M 3.93%
5,270,510
+39,018
+0.7% +$2.89M
RY icon
5
Royal Bank of Canada
RY
$287B
$392M 3.91%
5,190,089
+16,356
+0.3% +$1.24M
MFC icon
6
Manulife Financial
MFC
$73B
$372M 3.71%
21,999,419
+560,300
+3% +$9.11M
TD icon
7
Toronto Dominion Bank
TD
$193B
$370M 3.69%
6,811,546
+34,796
+0.5% +$1.92M
CVE icon
8
Cenovus Energy
CVE
$54.2B
$358M 3.57%
41,261,016
-41,843
-0.1% -$347K
SLF icon
9
Sun Life Financial
SLF
$45.6B
$329M 3.28%
8,561,527
+22,317
+0.3% +$819K
TU icon
10
Telus
TU
$17.4B
$321M 3.2%
17,361,996
-672,750
-4% -$11.9M
TECK icon
11
Teck Resources
TECK
$28.2B
$313M 3.12%
13,502,120
-271,771
-2% -$6.13M
BCE icon
12
BCE
BCE
$20.8B
$287M 2.86%
6,462,648
-714,943
-10% -$30.8M
MGA icon
13
Magna International
MGA
$18.8B
$277M 2.77%
5,694,425
-70,445
-1% -$3.55M
HBM icon
14
Hudbay
HBM
$9.76B
$252M 2.51%
35,220,433
-895,925
-2% -$5.54M
OVV icon
15
Ovintiv
OVV
$17B
$250M 2.5%
6,914,084
+2,286,195
+49% +$78.4M
VZ icon
16
Verizon
VZ
$197B
$216M 2.16%
3,659,222
-116,744
-3% -$6.61M
RCI icon
17
Rogers Communications
RCI
$18.8B
$204M 2.03%
3,786,318
-577,705
-13% -$31.1M
C icon
18
Citigroup
C
$213B
$199M 1.99%
3,205,606
-74,836
-2% -$4.65M
T icon
19
AT&T
T
$164B
$187M 1.86%
7,878,559
+150,346
+2% +$3.46M
CLS icon
20
Celestica
CLS
$37.8B
$186M 1.86%
22,043,296
-129,825
-0.6% -$1.16M
RDS.A
21
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$182M 1.82%
2,912,435
-83,953
-3% -$5.19M
BPY
22
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
$164M 1.63%
7,946,548
+30,000
+0.4% +$568K
COP icon
23
ConocoPhillips
COP
$144B
$149M 1.49%
2,235,217
-93,144
-4% -$6.27M
CM icon
24
Canadian Imperial Bank of Commerce
CM
$106B
$147M 1.46%
3,709,758
+489,836
+15% +$20.3M
OSB
25
DELISTED
Norbord Inc.
OSB
$144M 1.44%
5,223,949
+46,005
+0.9% +$1.26M
1
2 3 4 5

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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 Q1 2019 Portfolio in Review

As of Q1 2019, Letko, Brosseau & Associates held 115 positions worth $10B, up 11% from $9.01B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Letko, Brosseau & Associates's Q1 2019 filing shows 2 new, 34 increased, 52 reduced and 18 closed positions. Its largest new stake was APA Corp: 6,500 shares worth $225K. The largest sale was Thomson Reuters, an estimated $98.2M.

By sector, the portfolio is most concentrated in Financials at 30% of assets, up from 29% a quarter earlier, followed by Energy and Communication Services.

  • Letko, Brosseau & Associates's largest Q1 2019 buy was APA Corp: 6,500 shares worth $225K.
  • Letko, Brosseau & Associates added most to Ovintiv in Q1 2019, an estimated $78.4M increase.
  • Letko, Brosseau & Associates's biggest Q1 2019 reduction was Rogers Communications, cutting an estimated $31.1M.
  • Letko, Brosseau & Associates fully exited Thomson Reuters in Q1 2019, selling an estimated $98.2M.
  • Letko, Brosseau & Associates's ten largest holdings make up 38% of its $10B portfolio in Q1 2019.
  • Letko, Brosseau & Associates opened 2 new positions and closed 18 in Q1 2019.
  • Letko, Brosseau & Associates's portfolio value rose 11% quarter-over-quarter to $10B.

Based on Letko, Brosseau & Associates's 13F filing for Q1 2019, filed 10 May 2019.