LB

Letko, Brosseau & Associates INC

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$6.2B

Reporting period: 2026-03-31 · Number of holdings: 101

LETKO, BROSSEAU & ASSOCIATES INC disclosed 101 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $6.2B and a quarterly turnover rate of 16.5%.

Personality snowflake

Concentration
9.12
Portfolio Stability
16.5
Momentum/Contrarian
100
Sector conviction
61.08
Diversification
100
Sizing Uniformity
88.53

Recent moves

  • Add CRM

    +10391.5%　$65.7M

  • Add MSFT

    +26662.6%　$63.0M

  • Trim SU

    -83.8%　-$56.1M

  • Add CVE

    -4.0%　$50.3M

  • Trim B

    -15.3%　-$41.8M

  • Trim BNS

    -5.8%　-$32.5M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1RCIRogers Communications Inc-bStock-Other4.02%—-1.66%
2BNSBank Of Nova ScotiaStock-Financials3.91%-0.59%-5.77%
3GOOGAlphabet Inc-cl CStock-Comm Services3.85%-0.45%-0.55%
4TDToronto-dominion BankStock-Financials3.78%-0.46%-8.26%
5RYRoyal Bank Of CanadaStock-Financials3.70%-0.40%-2.88%
6MGAMagna International INCStock-Consumer Disc3.54%—-2.93%
7BMOBank Of MontrealStock-Financials3.44%—-5.63%
8NTRNutrien LTDStock-Materials3.34%+0.40%-5.26%
9MFCManulife Financial CORPStock-Financials3.34%-0.32%-1.83%
10SLFSun Life Financial INCStock-Financials3.29%—+1.75%
11BCEBce INCStock-Comm Services3.07%+0.20%+3.08%
12OTEXOpen Text CORPStock-Other2.79%-0.24%+37.13%
13BBarrick Mining CORPStock-Materials2.55%-0.73%-15.32%
14CVECenovus Energy INCStock-Energy2.44%+0.79%-4.00%
15CMCan Imperial Bk Of CommerceStock-Financials2.38%-0.31%-13.61%
16TAt&t INCStock-Comm Services1.93%+0.25%-0.20%
17PFEPfizer INCStock-Healthcare1.85%+0.27%+5.46%
18METAMeta Platforms Inc-class AStock-Comm Services1.85%-0.30%+1.06%
19CNICanadian Natl Railway CoStock-Industrials1.74%+0.49%+35.98%
20ILMNIllumina INCStock-Healthcare1.69%-0.15%-0.71%
21✓ Totalenergies SeStock-Other1.62%+0.44%-2.29%
22TUTelus CORPStock-Other1.54%+0.08%+9.82%
23ELPCCia Paranaense De Ener-adrStock-Other1.52%+0.39%+8.75%
24ADBEAdobe INCStock-Tech1.50%+0.20%+68.73%
25WFGWest Fraser Timber Co LTDStock-Other1.49%+0.32%+20.99%
26EMNEastman Chemical CoStock-Materials1.47%+0.22%-0.09%
27GSKGsk Plc-spon AdrStock-Healthcare1.46%+0.12%-1.81%
28INTCIntel CORPStock-Tech1.44%-0.37%-32.24%
29VZVerizon Communications INCStock-Comm Services1.38%+0.24%-0.63%
30CAECae INCStock-Other1.31%-0.29%-3.00%
31CVSCvs Health CORPStock-Healthcare1.29%-0.15%+0.26%
32FDXFedex CORPStock-Industrials1.25%+0.19%-2.72%
33TFCTruist Financial CORPStock-Financials1.16%-0.21%-7.60%
34SBSCia Saneamento Basico De-adrStock-Other1.15%+0.28%+5.94%
35CCitigroup INCStock-Financials1.15%-0.40%-22.08%
36STTState Street CORPStock-Financials1.11%-0.30%-18.52%
37CRMSalesforce INCStock-Tech1.07%+1.06%+10391.47%
38CMCSAComcast Corp-class AStock-Comm Services1.06%—+0.87%
39CRUSCirrus Logic INCStock-Tech1.05%+0.18%-0.17%
40MSFTMicrosoft CORPStock-Tech1.02%+1.01%+26662.60%
41ABBVAbbvie INCStock-Healthcare0.96%-0.11%-3.49%
42TECKTeck Resources Ltd-cls BStock-Materials0.90%—-11.00%
43COPConocophillipsStock-Energy0.89%+0.23%-2.34%
44EFXTEnerflex LTDStock-Other0.87%+0.16%-8.36%
45QSRRestaurant Brands InternStock-Consumer Disc0.80%+0.12%+10.83%
46SWKSSkyworks Solutions INCStock-Tech0.79%+0.09%+35.93%
47BACBank Of America CORPStock-Financials0.77%-0.11%-0.45%
48WFCWells Fargo & CoStock-Financials0.74%-0.14%-0.65%
49CXCemex Sab-spons Adr Part CerStock-Other0.71%—+0.54%
50MRKMerck & Co. INC.Stock-Healthcare0.69%—-3.38%
1–50 of 101

Holding changes this quarter

Letko, Brosseau & Associates INC's most significant position changes for 2026-03-31: Add: Salesforce INC (CRM) — shares +10391.47%; Add: Microsoft CORP (MSFT) — shares +26662.60%; Trim: Suncor Energy INC (SU) — shares -83.80%; Trim: Cenovus Energy INC (CVE) — shares -4.00%; Trim: Barrick Mining CORP (B) — shares -15.32%.

Position changes disclosed by Letko, Brosseau & Associates INC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1CRMSalesforce INC+1.1%+10391.47%Add
2MSFTMicrosoft CORP+1%+26662.60%Add
3CVECenovus Energy INC+0.8%-4.00%Trim
4CNICanadian Natl Railway Co+0.5%+35.98%Add
5✓ Totalenergies Se+0.4%-2.29%Trim
6NTRNutrien LTD+0.4%-5.26%Trim
7ELPCCia Paranaense De Ener-adr+0.4%+8.75%Add
8WFGWest Fraser Timber Co LTD+0.3%+20.99%Add
9SBSCia Saneamento Basico De-adr+0.3%+5.94%Add
10PFEPfizer INC+0.3%+5.46%Add
11MRNAModerna INC+0.3%+3.08%Add
12TAt&t INC+0.3%-0.20%Trim
13VZVerizon Communications INC+0.2%-0.63%Trim
14COPConocophillips+0.2%-2.34%Trim
15EMNEastman Chemical Co+0.2%-0.09%Trim
16BCEBce INC+0.2%+3.08%Add
17ADBEAdobe INC+0.2%+68.73%Add
18FDXFedex CORP+0.2%-2.72%Trim
19CRUSCirrus Logic INC+0.2%-0.17%Trim
20EFXTEnerflex LTD+0.2%-8.36%Trim
21GSKGsk Plc-spon Adr+0.1%-1.81%Trim
22QSRRestaurant Brands Intern+0.1%+10.83%Add
23CVXChevron CORP+0.1%-0.55%Trim
24SWKSSkyworks Solutions INC+0.1%+35.93%Add
25TUTelus CORP+0.1%+9.82%Add
26BACBank Of America CORP-0.1%-0.45%Trim
27ABBVAbbvie INC-0.1%-3.49%Trim
28HBMHudbay Minerals INC-0.1%-30.09%Trim
29WFCWells Fargo & Co-0.1%-0.65%Trim
30LULULululemon Athletica INC-0.2%+4.08%Add
31CVSCvs Health CORP-0.2%+0.26%Add
32ILMNIllumina INC-0.2%-0.71%Trim
33IBNIcici Bank Ltd-spon Adr-0.2%-71.34%Trim
34IVZInvesco Ltd.-0.2%-23.94%Trim
35TFCTruist Financial CORP-0.2%-7.60%Trim
36OTEXOpen Text CORP-0.2%+37.13%Add
37GPKGraphic Packaging Holding Co-0.3%+0.55%Add
38CAECae INC-0.3%-3.00%Trim
39STTState Street CORP-0.3%-18.52%Trim
40METAMeta Platforms Inc-class A-0.3%+1.06%Add
41CMCan Imperial Bk Of Commerce-0.3%-13.61%Trim
42MFCManulife Financial CORP-0.3%-1.83%Trim
43INTCIntel CORP-0.4%-32.24%Trim
44CCitigroup INC-0.4%-22.08%Trim
45RYRoyal Bank Of Canada-0.4%-2.88%Trim
46GOOGAlphabet Inc-cl C-0.5%-0.55%Trim
47TDToronto-dominion Bank-0.5%-8.26%Trim
48BNSBank Of Nova Scotia-0.6%-5.77%Trim
49BBarrick Mining CORP-0.7%-15.32%Trim
50SUSuncor Energy INC-0.9%-83.80%Trim

FAQ

What is Letko, Brosseau & Associates INC and what type of investor is it?
Letko, Brosseau & Associates INC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $6.2B, spread across 101 disclosed positions.
What are Letko, Brosseau & Associates INC's largest equity positions?
Based on the latest 13F filing, Letko, Brosseau & Associates INC's top holdings by market value are: 1. Rogers Communications Inc-b (RCI) — $249.6M (4.0%) 2. Bank Of Nova Scotia (BNS) — $242.7M (3.9%) 3. Alphabet Inc-cl C (GOOG) — $239.0M (3.9%) 4. Toronto-dominion Bank (TD) — $234.2M (3.8%) 5. Royal Bank Of Canada (RY) — $229.3M (3.7%)
What changes did Letko, Brosseau & Associates INC make in its most recent portfolio filing?
In the latest reported quarter, Letko, Brosseau & Associates INC made 50 notable position adjustments: 0 new positions were initiated, 18 existing holdings were added to, 32 positions were partially reduced, and 0 were completely exited. The largest of these moves: Add: Salesforce INC (CRM) — shares +10391.47%; Add: Microsoft CORP (MSFT) — shares +26662.60%; Trim: Suncor Energy INC (SU) — shares -83.80%; Trim: Cenovus Energy INC (CVE) — shares -4.00%; Trim: Barrick Mining CORP (B) — shares -15.32%
What sectors does Letko, Brosseau & Associates INC focus on?
Letko, Brosseau & Associates INC is concentrated in the following sectors based on its current disclosed equity portfolio: • Financials: 37.1% • Communication Services: 16.3% • Health Care: 11.2% • Materials: 10.3% • Information Technology: 8.5% • Consumer Discretionary: 6.7%