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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
+14.88%
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
$5.55B
AUM Growth
+$508M
Cap. Flow
-$116M
Cap. Flow %
-2.08%
Top 10 Hldgs %
33.64%
Holding
105
New
4
Increased
21
Reduced
62
Closed
8

Top Buys

Rank Stock Value
1
EFXT
Enerflex
EFXT
+$40.9M
2
FDX icon
FedEx
FDX
+$25.6M
3
GSK icon
GSK
GSK
+$21.1M
4
RCI icon
Rogers Communications
RCI
+$18.2M
5
SAVE
Spirit Airlines, Inc.
SAVE
+$9.45M

Top Sells

Rank Stock Value
1
GILD icon
Gilead Sciences
GILD
+$25.4M
2
CVE icon
Cenovus Energy
CVE
+$24.7M
3
MRK icon
Merck
MRK
+$21.1M
4
CNQ icon
Canadian Natural Resources
CNQ
+$20.9M
5
SBS icon
Sabesp
SBS
+$19M

Sector Composition

Rank Sector Weight
1 Financials 29.2%
2 Communication Services 16.02%
3 Energy 12.23%
4 Materials 11.6%
5 Technology 9.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MFC icon
1
Manulife Financial
MFC
$73B
$241M 4.34%
13,519,766
-558,115
-4% -$9.52M
BNS icon
2
Scotiabank
BNS
$105B
$206M 3.7%
4,198,896
+178,300
+4% +$8.79M
TD icon
3
Toronto Dominion Bank
TD
$193B
$201M 3.63%
3,111,852
-61,570
-2% -$3.98M
RY icon
4
Royal Bank of Canada
RY
$287B
$192M 3.47%
2,048,554
-51,320
-2% -$4.84M
TECK icon
5
Teck Resources
TECK
$28.2B
$192M 3.46%
5,085,079
-271,109
-5% -$9.39M
RCI icon
6
Rogers Communications
RCI
$18.8B
$188M 3.39%
4,028,186
+426,800
+12% +$18.2M
BMO icon
7
Bank of Montreal
BMO
$123B
$182M 3.29%
2,015,861
-32,300
-2% -$2.99M
MGA icon
8
Magna International
MGA
$18.8B
$155M 2.8%
2,769,422
+23,015
+0.8% +$1.29M
NTR icon
9
Nutrien
NTR
$33.9B
$155M 2.79%
2,123,275
-62,735
-3% -$4.96M
BCE icon
10
BCE
BCE
$20.8B
$153M 2.76%
3,491,711
-109,634
-3% -$4.94M
CLS icon
11
Celestica
CLS
$37.8B
$147M 2.64%
13,011,310
-801,800
-6% -$8.43M
SLF icon
12
Sun Life Financial
SLF
$45.6B
$142M 2.57%
3,071,507
-57,590
-2% -$2.55M
TU icon
13
Telus
TU
$17.4B
$138M 2.49%
7,179,823
-280,779
-4% -$5.8M
SU icon
14
Suncor Energy
SU
$77.7B
$137M 2.48%
4,337,058
-242,923
-5% -$7.98M
CVE icon
15
Cenovus Energy
CVE
$54.2B
$120M 2.17%
6,210,327
-1,288,580
-17% -$24.7M
CNQ icon
16
Canadian Natural Resources
CNQ
$96.9B
$101M 1.83%
3,656,666
-731,500
-17% -$20.9M
CM icon
17
Canadian Imperial Bank of Commerce
CM
$106B
$89.6M 1.61%
2,216,561
-18,070
-0.8% -$797K
HBM icon
18
Hudbay
HBM
$9.76B
$88.3M 1.59%
17,481,662
+375,700
+2% +$1.81M
GILD icon
19
Gilead Sciences
GILD
$165B
$86M 1.55%
1,002,103
-320,320
-24% -$25.4M
PFE icon
20
Pfizer
PFE
$143B
$84.2M 1.52%
1,642,553
-27,722
-2% -$1.33M
WFG icon
21
West Fraser Timber
WFG
$5.21B
$81.4M 1.47%
1,128,183
-60,620
-5% -$4.62M
ABBV icon
22
AbbVie
ABBV
$465B
$81.2M 1.46%
502,272
-55,155
-10% -$8.46M
T icon
23
AT&T
T
$164B
$78.5M 1.41%
4,261,722
+9,585
+0.2% +$172K
OTEX icon
24
Open Text
OTEX
$6.28B
$77M 1.39%
2,599,023
+58,500
+2% +$1.66M
STT icon
25
State Street
STT
$48.4B
$75.3M 1.36%
970,483
-3,780
-0.4% -$278K
1
2 3 4 5

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EIP
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Letko, Brosseau & Associates's Q4 2022 Portfolio in Review

As of Q4 2022, Letko, Brosseau & Associates held 105 positions worth $5.55B, up 10% from $5.04B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Letko, Brosseau & Associates's Q4 2022 filing shows 4 new, 21 increased, 62 reduced and 8 closed positions. Its largest new stake was Enerflex: 7,046,611 shares worth $44.4M. The largest sale was Gilead Sciences, an estimated $25.4M.

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

  • Letko, Brosseau & Associates's largest Q4 2022 buy was Enerflex: 7,046,611 shares worth $44.4M.
  • Letko, Brosseau & Associates added most to GSK in Q4 2022, an estimated $21.1M increase.
  • Letko, Brosseau & Associates's biggest Q4 2022 reduction was Gilead Sciences, cutting an estimated $25.4M.
  • Letko, Brosseau & Associates fully exited Fluor in Q4 2022, selling an estimated $6.73M.
  • Letko, Brosseau & Associates's ten largest holdings make up 34% of its $5.55B portfolio in Q4 2022.
  • Letko, Brosseau & Associates opened 4 new positions and closed 8 in Q4 2022.
  • Letko, Brosseau & Associates's portfolio value rose 10% quarter-over-quarter to $5.55B.

Based on Letko, Brosseau & Associates's 13F filing for Q4 2022, filed 10 Feb 2023.