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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
-2.29%
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
$5.27B
AUM Growth
-$480M
Cap. Flow
-$339M
Cap. Flow %
-6.43%
Top 10 Hldgs %
32.74%
Holding
107
New
5
Increased
31
Reduced
52
Closed
3

Top Buys

Rank Stock Value
1
B
Barrick Mining
B
+$68M
2
INTC icon
Intel
INTC
+$25.4M
3
OTEX icon
Open Text
OTEX
+$18.2M
4
CVS icon
CVS Health
CVS
+$17.4M
5
MGA icon
Magna International
MGA
+$12.8M

Top Sells

Rank Stock Value
1
THC icon
Tenet Healthcare
THC
+$135M
2
CLS icon
Celestica
CLS
+$83.3M
3
TECK icon
Teck Resources
TECK
+$74M
4
HBM icon
Hudbay
HBM
+$59.6M
5
MFC icon
Manulife Financial
MFC
+$37.7M

Sector Composition

Rank Sector Weight
1 Financials 31.48%
2 Communication Services 17.13%
3 Materials 11.87%
4 Energy 9.82%
5 Technology 8.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MFC icon
1
Manulife Financial
MFC
$73B
$249M 4.72%
9,340,152
-1,509,657
-14% -$37.7M
RY icon
2
Royal Bank of Canada
RY
$287B
$207M 3.92%
1,940,607
-127,469
-6% -$13.1M
BNS icon
3
Scotiabank
BNS
$105B
$202M 3.84%
4,425,402
-19,295
-0.4% -$914K
TD icon
4
Toronto Dominion Bank
TD
$193B
$184M 3.49%
3,350,204
+174,845
+6% +$9.9M
BMO icon
5
Bank of Montreal
BMO
$123B
$163M 3.09%
1,944,266
-66,082
-3% -$6M
META icon
6
Meta Platforms (Facebook)
META
$1.49T
$157M 2.98%
311,252
-21,799
-7% -$10.6M
RCI icon
7
Rogers Communications
RCI
$18.8B
$148M 2.81%
4,004,074
+57,245
+1% +$2.22M
GOOG icon
8
Alphabet (Google) Class C
GOOG
$4.11T
$141M 2.67%
766,701
-67,450
-8% -$11.5M
SU icon
9
Suncor Energy
SU
$77.7B
$138M 2.62%
3,622,651
-147,403
-4% -$5.7M
MGA icon
10
Magna International
MGA
$18.8B
$138M 2.61%
3,284,400
+274,198
+9% +$12.8M
SLF icon
11
Sun Life Financial
SLF
$45.6B
$136M 2.59%
2,781,017
-14,475
-0.5% -$735K
NTR icon
12
Nutrien
NTR
$33.9B
$135M 2.55%
2,643,813
+28,291
+1% +$1.55M
OTEX icon
13
Open Text
OTEX
$6.28B
$118M 2.24%
3,929,040
+566,150
+17% +$18.2M
BCE icon
14
BCE
BCE
$20.8B
$114M 2.16%
3,514,662
+71,917
+2% +$2.4M
CM icon
15
Canadian Imperial Bank of Commerce
CM
$106B
$112M 2.12%
2,351,825
-28,620
-1% -$1.39M
TU icon
16
Telus
TU
$17.4B
$103M 1.96%
6,823,602
-141,765
-2% -$2.28M
CVE icon
17
Cenovus Energy
CVE
$54.2B
$97.9M 1.86%
4,982,825
-183,863
-4% -$3.72M
C icon
18
Citigroup
C
$213B
$94.2M 1.79%
1,484,054
-76,860
-5% -$4.74M
PFE icon
19
Pfizer
PFE
$143B
$90.7M 1.72%
3,243,383
+114,285
+4% +$3.15M
TECK icon
20
Teck Resources
TECK
$28.2B
$88.5M 1.68%
1,846,696
-1,503,305
-45% -$74M
HBM icon
21
Hudbay
HBM
$9.76B
$86.8M 1.65%
9,591,158
-6,871,100
-42% -$59.6M
WFG icon
22
West Fraser Timber
WFG
$5.21B
$86.7M 1.64%
1,129,526
-6,804
-0.6% -$540K
T icon
23
AT&T
T
$164B
$84.2M 1.6%
4,406,910
+81,525
+2% +$1.42M
EMN icon
24
Eastman Chemical
EMN
$7.69B
$83.2M 1.58%
848,751
-9,265
-1% -$919K
CMCSA icon
25
Comcast
CMCSA
$87.3B
$75M 1.42%
1,914,196
+51,245
+3% +$2.01M
1
2 3 4 5

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EIP
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B
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CA
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Letko, Brosseau & Associates's Q2 2024 Portfolio in Review

As of Q2 2024, Letko, Brosseau & Associates held 107 positions worth $5.27B, down 8.3% from $5.75B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Letko, Brosseau & Associates withdrew a net $339M in Q2 2024, closing 3 positions and reducing 52 holdings. Its most notable exit was iShares MSCI EAFE ETF, an estimated $401K position sold in full.

By sector, the portfolio is most concentrated in Financials at 31% of assets, up from 31% a quarter earlier, followed by Communication Services and Materials.

Against the trend, Letko, Brosseau & Associates opened a new position in Barrick Mining worth $66.8M.

  • Letko, Brosseau & Associates's largest Q2 2024 buy was Barrick Mining: 4,006,700 shares worth $66.8M.
  • Letko, Brosseau & Associates added most to Open Text in Q2 2024, an estimated $18.2M increase.
  • Letko, Brosseau & Associates's biggest Q2 2024 reduction was Tenet Healthcare, cutting an estimated $135M.
  • Letko, Brosseau & Associates fully exited iShares MSCI EAFE ETF in Q2 2024, selling an estimated $401K.
  • Letko, Brosseau & Associates's ten largest holdings make up 33% of its $5.27B portfolio in Q2 2024.
  • Letko, Brosseau & Associates opened 5 new positions and closed 3 in Q2 2024.
  • Letko, Brosseau & Associates's portfolio value fell 8.3% quarter-over-quarter to $5.27B.

Based on Letko, Brosseau & Associates's 13F filing for Q2 2024, filed 6 Aug 2024.