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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
+24.85%
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
$6.77B
AUM Growth
+$937M
Cap. Flow
-$121M
Cap. Flow %
-1.78%
Top 10 Hldgs %
34.86%
Holding
101
New
13
Increased
12
Reduced
70
Closed
1

Top Buys

Rank Stock Value
1
OTEX icon
Open Text
OTEX
+$50.8M
2
IVZ icon
Invesco
IVZ
+$30.9M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$17.2M
4
BCE icon
BCE
BCE
+$13.9M
5
THC icon
Tenet Healthcare
THC
+$12.7M

Top Sells

Rank Stock Value
1
TD icon
Toronto Dominion Bank
TD
+$19.8M
2
BNS icon
Scotiabank
BNS
+$19.1M
3
MFC icon
Manulife Financial
MFC
+$17.3M
4
BMO icon
Bank of Montreal
BMO
+$13.8M
5
CNQ icon
Canadian Natural Resources
CNQ
+$13.6M

Sector Composition

Rank Sector Weight
1 Financials 28.74%
2 Communication Services 18.73%
3 Energy 12.9%
4 Materials 10.4%
5 Technology 8.78%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BNS icon
1
Scotiabank
BNS
$107B
$270M 3.99%
6,547,078
-477,856
-7% -$19.1M
BCE icon
2
BCE
BCE
$20.2B
$270M 3.98%
6,483,352
+338,170
+6% +$13.9M
TU icon
3
Telus
TU
$16.1B
$255M 3.76%
15,228,921
-74,546
-0.5% -$1.24M
TD icon
4
Toronto Dominion Bank
TD
$199B
$252M 3.72%
5,654,476
-465,400
-8% -$19.8M
MFC icon
5
Manulife Financial
MFC
$70.6B
$251M 3.7%
18,482,840
-1,372,118
-7% -$17.3M
RY icon
6
Royal Bank of Canada
RY
$292B
$245M 3.62%
3,625,469
-126,770
-3% -$8.06M
BMO icon
7
Bank of Montreal
BMO
$125B
$225M 3.33%
4,243,832
-271,211
-6% -$13.8M
MGA icon
8
Magna International
MGA
$18B
$205M 3.03%
4,622,319
-311,624
-6% -$12.3M
CNQ icon
9
Canadian Natural Resources
CNQ
$91.7B
$202M 2.98%
23,800,717
-1,683,725
-7% -$13.6M
SU icon
10
Suncor Energy
SU
$73.5B
$186M 2.75%
11,090,082
-692,970
-6% -$11.8M
NTR icon
11
Nutrien
NTR
$32B
$178M 2.63%
5,563,447
-152,242
-3% -$5.3M
RCI icon
12
Rogers Communications
RCI
$18.8B
$177M 2.61%
4,412,329
-61,800
-1% -$2.57M
SLF icon
13
Sun Life Financial
SLF
$44.7B
$169M 2.5%
4,624,961
-289,308
-6% -$9.94M
TECK icon
14
Teck Resources
TECK
$26.7B
$165M 2.43%
15,781,678
-524,375
-3% -$4.82M
CVE icon
15
Cenovus Energy
CVE
$52.7B
$157M 2.32%
33,711,368
-2,960,688
-8% -$11.4M
VZ icon
16
Verizon
VZ
$182B
$156M 2.31%
2,834,250
-200,698
-7% -$11.3M
T icon
17
AT&T
T
$153B
$138M 2.04%
6,043,540
-300,748
-5% -$6.85M
CLS icon
18
Celestica
CLS
$35.3B
$137M 2.02%
19,966,363
-1,012,050
-5% -$5.79M
C icon
19
Citigroup
C
$216B
$118M 1.75%
2,315,074
-84,984
-4% -$4.03M
CM icon
20
Canadian Imperial Bank of Commerce
CM
$108B
$115M 1.7%
3,451,590
-19,970
-0.6% -$624K
GILD icon
21
Gilead Sciences
GILD
$165B
$110M 1.63%
1,430,937
-118,275
-8% -$9.06M
OSB
22
DELISTED
Norbord Inc.
OSB
$108M 1.6%
4,764,858
-268,585
-5% -$4.62M
PVG
23
DELISTED
PRETIUM RESOURCES INC.
PVG
$104M 1.54%
12,490,956
-562,550
-4% -$4.59M
INTC icon
24
Intel
INTC
$488B
$101M 1.49%
1,691,102
-56,440
-3% -$3.38M
HBM icon
25
Hudbay
HBM
$9.25B
$101M 1.49%
33,408,232
-3,127,530
-9% -$7.84M
1
2 3 4 5

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Letko, Brosseau & Associates's Q2 2020 Portfolio in Review

As of Q2 2020, Letko, Brosseau & Associates held 101 positions worth $6.77B, up 16% from $5.83B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Letko, Brosseau & Associates's Q2 2020 filing shows 13 new, 12 increased, 70 reduced and 1 closed positions. Its largest new stake was Open Text: 1,282,450 shares worth $54.3M. The largest sale was Toronto Dominion Bank, an estimated $19.8M.

By sector, the portfolio is most concentrated in Financials at 29% of assets, down from 32% a quarter earlier, followed by Communication Services and Energy.

  • Letko, Brosseau & Associates's largest Q2 2020 buy was Open Text: 1,282,450 shares worth $54.3M.
  • Letko, Brosseau & Associates added most to Invesco in Q2 2020, an estimated $30.9M increase.
  • Letko, Brosseau & Associates's biggest Q2 2020 reduction was Toronto Dominion Bank, cutting an estimated $19.8M.
  • Letko, Brosseau & Associates fully exited FedEx in Q2 2020, selling an estimated $321K.
  • Letko, Brosseau & Associates's ten largest holdings make up 35% of its $6.77B portfolio in Q2 2020.
  • Letko, Brosseau & Associates opened 13 new positions and closed 1 in Q2 2020.
  • Letko, Brosseau & Associates's portfolio value rose 16% quarter-over-quarter to $6.77B.

Based on Letko, Brosseau & Associates's 13F filing for Q2 2020, filed 7 Aug 2020.