LBA

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
+0.69%
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
$9.93B
AUM Growth
-$97.5M
Cap. Flow
-$59.1M
Cap. Flow %
-0.6%
Top 10 Hldgs %
39.12%
Holding
97
New
–
Increased
14
Reduced
68
Closed
4
Avg Time Held
4.4 years
Top 10 Avg Time Held
3.3 years
Top 20 Avg Time Held
3.7 years

Top Buys

Rank Stock Value
1
CM icon
Canadian Imperial Bank of Commerce
CM
+$64.5M
2
SAVE icon
Spirit Airlines, Inc.
SAVE
+$29.8M
3
DXC icon
DXC Technology
DXC
+$14.4M
4
OVV icon
Ovintiv
OVV
+$11.3M
5
MFC icon
Manulife Financial
MFC
+$10.6M

Top Sells

Rank Stock Value
1
TU icon
Telus
TU
+$15.9M
2
C icon
Citigroup
C
+$14.7M
3
BCE icon
BCE
BCE
+$14.4M
4
CSCO icon
Cisco
CSCO
+$14.2M
5
VZ icon
Verizon
VZ
+$13.8M

Sector Composition

Rank Sector Weight
1 Financials 32.25%
2 Energy 18.95%
3 Communication Services 15.63%
4 Materials 10.18%
5 Technology 7.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
BNS icon
1
Scotiabank
BNS
$110B
$432M 4.35%
8,031,325
+192,941
+2% +$10.3M
2013 Q2
24 quarters
MFC icon
2
Manulife Financial
MFC
$71.3B
$412M 4.14%
22,597,533
+598,114
+3% +$10.6M
2013 Q2
24 quarters
RY icon
3
Royal Bank of Canada
RY
$268B
$410M 4.12%
5,143,345
-46,744
-0.9% -$3.65M
2013 Q2
24 quarters
SU icon
4
Suncor Energy
SU
$88.8B
$409M 4.12%
13,081,942
-786
-0% -$25.1K
2013 Q2
24 quarters
CNQ icon
5
Canadian Natural Resources
CNQ
$107B
$403M 4.06%
30,441,817
+136,195
+0.4% +$1.87M
2013 Q2
24 quarters
BMO icon
6
Bank of Montreal
BMO
$114B
$397M 4%
5,241,209
-29,301
-0.6% -$2.24M
2013 Q2
24 quarters
TD icon
7
Toronto Dominion Bank
TD
$192B
$396M 3.98%
6,756,773
-54,773
-0.8% -$3.08M
2013 Q2
24 quarters
CVE icon
8
Cenovus Energy
CVE
$60.2B
$364M 3.67%
41,183,166
-77,850
-0.2% -$701K
2013 Q2
24 quarters
SLF icon
9
Sun Life Financial
SLF
$43.4B
$352M 3.55%
8,484,411
-77,116
-0.9% -$3.1M
2013 Q2
24 quarters
TECK icon
10
Teck Resources
TECK
$31.8B
$311M 3.13%
13,447,945
-54,175
-0.4% -$1.21M
2013 Q2
24 quarters
TU icon
11
Telus
TU
$12.8B
$306M 3.08%
16,502,182
-859,814
-5% -$15.9M
2013 Q2
24 quarters
MGA icon
12
Magna International
MGA
$17.2B
$293M 2.95%
5,877,500
+183,075
+3% +$9.04M
2013 Q2
24 quarters
BCE icon
13
BCE
BCE
$18.3B
$280M 2.82%
6,143,421
-319,227
-5% -$14.4M
2013 Q2
24 quarters
CM icon
14
Canadian Imperial Bank of Commerce
CM
$100B
$209M 2.11%
5,311,874
+1,602,116
+43% +$64.5M
2015 Q3
15 quarters
C icon
15
Citigroup
C
$205B
$209M 2.11%
2,985,592
-220,014
-7% -$14.7M
2013 Q2
24 quarters
RCI icon
16
Rogers Communications
RCI
$16.8B
$200M 2.01%
3,726,864
-59,454
-2% -$3.11M
2013 Q2
24 quarters
VZ icon
17
Verizon
VZ
$185B
$195M 1.97%
3,419,493
-239,729
-7% -$13.8M
2013 Q2
24 quarters
T icon
18
AT&T
T
$158B
$194M 1.95%
7,658,364
-220,195
-3% -$5.28M
2013 Q2
24 quarters
HBM icon
19
Hudbay
HBM
$10.8B
$192M 1.94%
35,465,873
+245,440
+0.7% +$1.45M
2013 Q2
24 quarters
OVV icon
20
Ovintiv
OVV
$18.5B
$187M 1.88%
7,275,422
+361,338
+5% +$11.3M
2013 Q2
24 quarters
RDS.A
21
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$180M 1.81%
2,759,560
-152,875
-5% -$9.77M
2013 Q2
24 quarters
CLS icon
22
Celestica
CLS
$40.8B
$150M 1.51%
21,944,421
-98,875
-0.4% -$721K
2013 Q2
24 quarters
BPY
23
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
$150M 1.51%
7,916,846
-29,702
-0.4% -$593K
2014 Q2
20 quarters
PVG
24
DELISTED
PRETIUM RESOURCES INC.
PVG
$145M 1.46%
14,522,447
-42,050
-0.3% -$357K
2018 Q1
5 quarters
OSB
25
DELISTED
Norbord Inc.
OSB
$134M 1.35%
5,397,009
+173,060
+3% +$4.08M
2016 Q1
13 quarters
1
2 3 4

Similar funds

JWBC
John W. Bristol & Co New York $6.76B AUM 18.39% 1-Year Est. Return
MCM
Moore Capital Management New York $6.74B AUM 45.87% 1-Year Est. Return
CAG
Crestwood Advisors Group Boston, Massachusetts $6.74B AUM 30.22% 1-Year Est. Return
LSERS
Louisiana State Employees Retirement System Baton Rouge, Louisiana $6.74B AUM 53.06% 1-Year Est. Return
CAI
Capital Advisors Inc Tulsa, Oklahoma $6.8B AUM 26.96% 1-Year Est. Return
TCM
TimesSquare Capital Management New York $6.8B AUM 45.85% 1-Year Est. Return
LIP
Liontrust Investment Partners London, United Kingdom $6.8B AUM 23.31% 1-Year Est. Return
RWM
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Letko, Brosseau & Associates's Q2 2019 Portfolio in Review

As of Q2 2019, Letko, Brosseau & Associates held 97 positions worth $9.93B, down 0.97% from $10B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Trading was light in Q2 2019: portfolio turnover was 4.1%. Letko, Brosseau & Associates opened no new positions and exited 4, leaving the 97-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 32% of assets, up from 30% a quarter earlier, followed by Energy and Communication Services.

  • Letko, Brosseau & Associates added most to Canadian Imperial Bank of Commerce in Q2 2019, an estimated $64.5M increase.
  • Letko, Brosseau & Associates's biggest Q2 2019 reduction was Telus, cutting an estimated $15.9M.
  • Letko, Brosseau & Associates fully exited Johnson & Johnson in Q2 2019, selling an estimated $280K.
  • Letko, Brosseau & Associates's ten largest holdings make up 39% of its $9.93B portfolio in Q2 2019.
  • Letko, Brosseau & Associates opened 0 new positions and closed 4 in Q2 2019.
  • Letko, Brosseau & Associates's portfolio value fell 0.97% quarter-over-quarter to $9.93B.

Based on Letko, Brosseau & Associates's 13F filing for Q2 2019, filed 1 Aug 2019.