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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
-9.35%
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
$5.04B
AUM Growth
-$609M
Cap. Flow
-$33.8M
Cap. Flow %
-0.67%
Top 10 Hldgs %
35.06%
Holding
103
New
3
Increased
32
Reduced
49
Closed
2

Top Buys

Rank Stock Value
1
CIXX
CI Financial Corp.
CIXX
+$24.3M
2
GSK icon
GSK
GSK
+$20.6M
3
CAE icon
CAE Inc. Common Shares
CAE
+$18.9M
4
HBM icon
Hudbay
HBM
+$11.4M
5
THC icon
Tenet Healthcare
THC
+$9.86M

Top Sells

Rank Stock Value
1
ADNT icon
Adient
ADNT
+$46.9M
2
CVE icon
Cenovus Energy
CVE
+$26.1M
3
CNQ icon
Canadian Natural Resources
CNQ
+$20.5M
4
SU icon
Suncor Energy
SU
+$20M
5
BHC icon
Bausch Health
BHC
+$13.8M

Sector Composition

Rank Sector Weight
1 Financials 30.39%
2 Communication Services 16.64%
3 Energy 12.07%
4 Materials 11.86%
5 Healthcare 8.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MFC icon
1
Manulife Financial
MFC
$73B
$222M 4.41%
14,077,881
-120,245
-0.8% -$2.11M
TD icon
2
Toronto Dominion Bank
TD
$193B
$196M 3.88%
3,173,422
+62,337
+2% +$4.04M
BNS icon
3
Scotiabank
BNS
$105B
$192M 3.81%
4,020,596
+56,940
+1% +$3.25M
RY icon
4
Royal Bank of Canada
RY
$287B
$190M 3.77%
2,099,874
+16,325
+0.8% +$1.57M
NTR icon
5
Nutrien
NTR
$33.9B
$183M 3.63%
2,186,010
-32,966
-1% -$2.84M
BMO icon
6
Bank of Montreal
BMO
$123B
$180M 3.58%
2,048,161
+10,870
+0.5% +$1.05M
TECK icon
7
Teck Resources
TECK
$28.2B
$164M 3.25%
5,356,188
-3,625
-0.1% -$112K
BCE icon
8
BCE
BCE
$20.8B
$152M 3.01%
3,601,345
-29,677
-0.8% -$1.44M
TU icon
9
Telus
TU
$17.4B
$149M 2.95%
7,460,602
-64,635
-0.9% -$1.44M
RCI icon
10
Rogers Communications
RCI
$18.8B
$139M 2.77%
3,601,386
+120,255
+3% +$5.32M
MGA icon
11
Magna International
MGA
$18.8B
$131M 2.6%
2,746,407
+52,645
+2% +$3.06M
SU icon
12
Suncor Energy
SU
$77.7B
$130M 2.57%
4,579,981
-633,804
-12% -$20M
SLF icon
13
Sun Life Financial
SLF
$45.6B
$125M 2.48%
3,129,097
+51,200
+2% +$2.29M
CLS icon
14
Celestica
CLS
$37.8B
$117M 2.32%
13,813,110
+667,125
+5% +$6.76M
CVE icon
15
Cenovus Energy
CVE
$54.2B
$116M 2.3%
7,498,907
-1,470,094
-16% -$26.1M
CNQ icon
16
Canadian Natural Resources
CNQ
$96.9B
$103M 2.04%
4,388,166
-792,274
-15% -$20.5M
CM icon
17
Canadian Imperial Bank of Commerce
CM
$106B
$98.3M 1.95%
2,234,631
+34,265
+2% +$1.67M
WFG icon
18
West Fraser Timber
WFG
$5.21B
$86.5M 1.71%
1,188,803
-103,663
-8% -$8.99M
GILD icon
19
Gilead Sciences
GILD
$165B
$81.6M 1.62%
1,322,423
-29,790
-2% -$1.88M
GOOG icon
20
Alphabet (Google) Class C
GOOG
$4.11T
$77M 1.53%
800,955
-5,845
-0.7% -$653K
ABBV icon
21
AbbVie
ABBV
$465B
$74.8M 1.48%
557,427
-41,027
-7% -$5.89M
PFE icon
22
Pfizer
PFE
$143B
$73.1M 1.45%
1,670,275
-105,533
-6% -$5.13M
HBM icon
23
Hudbay
HBM
$9.76B
$69.2M 1.37%
17,105,962
+2,838,400
+20% +$11.4M
OTEX icon
24
Open Text
OTEX
$6.28B
$67.5M 1.34%
2,540,523
+153,975
+6% +$5.44M
T icon
25
AT&T
T
$164B
$65.2M 1.29%
4,252,137
-41,775
-1% -$760K
1
2 3 4 5

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NP
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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 Q3 2022 Portfolio in Review

As of Q3 2022, Letko, Brosseau & Associates held 103 positions worth $5.04B, down 11% from $5.65B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Trading was light in Q3 2022: portfolio turnover was 4.9%. Letko, Brosseau & Associates opened 3 new positions and exited 2, leaving the 103-position portfolio largely intact.

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

  • Letko, Brosseau & Associates's largest Q3 2022 buy was CI Financial Corp.: 2,192,000 shares worth $21.1M.
  • Letko, Brosseau & Associates added most to CAE Inc. Common Shares in Q3 2022, an estimated $18.9M increase.
  • Letko, Brosseau & Associates's biggest Q3 2022 reduction was Cenovus Energy, cutting an estimated $26.1M.
  • Letko, Brosseau & Associates fully exited Adient in Q3 2022, selling an estimated $46.9M.
  • Letko, Brosseau & Associates's ten largest holdings make up 35% of its $5.04B portfolio in Q3 2022.
  • Letko, Brosseau & Associates opened 3 new positions and closed 2 in Q3 2022.
  • Letko, Brosseau & Associates's portfolio value fell 11% quarter-over-quarter to $5.04B.

Based on Letko, Brosseau & Associates's 13F filing for Q3 2022, filed 10 Nov 2022.