CIK: 0001297496
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%.
Browse other institutions with $1B to $10B AUMBrowse other institutions starting with "L"
Letko, Brosseau & Associates INC's disclosed holdings carry a Herfindahl concentration index of 0.023 — mathematically equivalent to about 44 equally-sized positions, well below its 101 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.15), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
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
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | RCI | Rogers Communications Inc-b | Stock-Other | 4.02% | — | -1.66% | |
| 2 | BNS | Bank Of Nova Scotia | Stock-Financials | 3.91% | -0.59% | -5.77% | |
| 3 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 3.85% | -0.45% | -0.55% | |
| 4 | TD | Toronto-dominion Bank | Stock-Financials | 3.78% | -0.46% | -8.26% | |
| 5 | RY | Royal Bank Of Canada | Stock-Financials | 3.70% | -0.40% | -2.88% | |
| 6 | MGA | Magna International INC | Stock-Consumer Disc | 3.54% | — | -2.93% | |
| 7 | BMO | Bank Of Montreal | Stock-Financials | 3.44% | — | -5.63% | |
| 8 | NTR | Nutrien LTD | Stock-Materials | 3.34% | +0.40% | -5.26% | |
| 9 | MFC | Manulife Financial CORP | Stock-Financials | 3.34% | -0.32% | -1.83% | |
| 10 | SLF | Sun Life Financial INC | Stock-Financials | 3.29% | — | +1.75% | |
| 11 | BCE | Bce INC | Stock-Comm Services | 3.07% | +0.20% | +3.08% | |
| 12 | OTEX | Open Text CORP | Stock-Other | 2.79% | -0.24% | +37.13% | |
| 13 | B | Barrick Mining CORP | Stock-Materials | 2.55% | -0.73% | -15.32% | |
| 14 | CVE | Cenovus Energy INC | Stock-Energy | 2.44% | +0.79% | -4.00% | |
| 15 | CM | Can Imperial Bk Of Commerce | Stock-Financials | 2.38% | -0.31% | -13.61% | |
| 16 | T | At&t INC | Stock-Comm Services | 1.93% | +0.25% | -0.20% | |
| 17 | PFE | Pfizer INC | Stock-Healthcare | 1.85% | +0.27% | +5.46% | |
| 18 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.85% | -0.30% | +1.06% | |
| 19 | CNI | Canadian Natl Railway Co | Stock-Industrials | 1.74% | +0.49% | +35.98% | |
| 20 | ILMN | Illumina INC | Stock-Healthcare | 1.69% | -0.15% | -0.71% | |
| 21 | TTE | Totalenergies Se | Stock-Other | 1.62% | +0.44% | -2.29% | |
| 22 | TU | Telus CORP | Stock-Other | 1.54% | +0.08% | +9.82% | |
| 23 | ELPC | Cia Paranaense De Ener-adr | Stock-Other | 1.52% | +0.39% | +8.75% | |
| 24 | ADBE | Adobe INC | Stock-Tech | 1.50% | +0.20% | +68.73% | |
| 25 | WFG | West Fraser Timber Co LTD | Stock-Other | 1.49% | +0.32% | +20.99% | |
| 26 | EMN | Eastman Chemical Co | Stock-Materials | 1.47% | +0.22% | -0.09% | |
| 27 | GSK | Gsk Plc-spon Adr | Stock-Healthcare | 1.46% | +0.12% | -1.81% | |
| 28 | INTC | Intel CORP | Stock-Tech | 1.44% | -0.37% | -32.24% | |
| 29 | VZ | Verizon Communications INC | Stock-Comm Services | 1.38% | +0.24% | -0.63% | |
| 30 | CAE | Cae INC | Stock-Other | 1.31% | -0.29% | -3.00% | |
| 31 | CVS | Cvs Health CORP | Stock-Healthcare | 1.29% | -0.15% | +0.26% | |
| 32 | FDX | Fedex CORP | Stock-Industrials | 1.25% | +0.19% | -2.72% | |
| 33 | TFC | Truist Financial CORP | Stock-Financials | 1.16% | -0.21% | -7.60% | |
| 34 | SBS | Cia Saneamento Basico De-adr | Stock-Other | 1.15% | +0.28% | +5.94% | |
| 35 | C | Citigroup INC | Stock-Financials | 1.15% | -0.40% | -22.08% | |
| 36 | STT | State Street CORP | Stock-Financials | 1.11% | -0.30% | -18.52% | |
| 37 | CRM | Salesforce INC | Stock-Tech | 1.07% | +1.06% | +10391.47% | |
| 38 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 1.06% | — | +0.87% | |
| 39 | CRUS | Cirrus Logic INC | Stock-Tech | 1.05% | +0.18% | -0.17% | |
| 40 | MSFT | Microsoft CORP | Stock-Tech | 1.02% | +1.01% | +26662.60% | |
| 41 | ABBV | Abbvie INC | Stock-Healthcare | 0.96% | -0.11% | -3.49% | |
| 42 | TECK | Teck Resources Ltd-cls B | Stock-Materials | 0.90% | — | -11.00% | |
| 43 | COP | Conocophillips | Stock-Energy | 0.89% | +0.23% | -2.34% | |
| 44 | EFXT | Enerflex LTD | Stock-Other | 0.87% | +0.16% | -8.36% | |
| 45 | QSR | Restaurant Brands Intern | Stock-Consumer Disc | 0.80% | +0.12% | +10.83% | |
| 46 | SWKS | Skyworks Solutions INC | Stock-Tech | 0.79% | +0.09% | +35.93% | |
| 47 | BAC | Bank Of America CORP | Stock-Financials | 0.77% | -0.11% | -0.45% | |
| 48 | WFC | Wells Fargo & Co | Stock-Financials | 0.74% | -0.14% | -0.65% | |
| 49 | CX | Cemex Sab-spons Adr Part Cer | Stock-Other | 0.71% | — | +0.54% | |
| 50 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.69% | — | -3.38% |
Performance for Q3 2026
+4.5%
Performance Last 4 Quarters
+43.4%
Based on 69% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 101 | $6.2B | 17 | |
| 2025-12-31 | 100 | $6.1B | 17 | |
| 2025-09-30 | 98 | $5.8B | 28 | |
| 2025-06-30 | 93 | $5.2B | 0 | |
| 2025-03-31 | 89 | $4.7B | 100 | |
| 2024-12-31 | 100 | $5.2B | 0 | |
| 2024-09-30 | 101 | $5.5B | 0 | |
| 2024-06-30 | 104 | $5.3B | 0 | |
| 2024-03-31 | 102 | $5.8B | 0 | |
| 2023-12-31 | 96 | $5.5B | 0 | |
| 2023-09-30 | 98 | $5.1B | 0 | |
| 2023-06-30 | 94 | $5.4B | 0 | |
| 2023-03-31 | 89 | $5.3B | 0 | |
| 2022-12-31 | 97 | $5.6B | 0 | |
| 2022-09-30 | 101 | $5.0B | 0 | |
| 2022-06-30 | 100 | $5.7B | 0 | |
| 2022-03-31 | 101 | $6.7B | 0 | |
| 2021-12-31 | 107 | $7.0B | 0 | |
| 2021-09-30 | 105 | $6.9B | 0 | |
| 2021-06-30 | 106 | $7.5B | 100 | |
| 2021-03-31 | 102 | $7.3B | 22 | |
| 2020-12-31 | 106 | $7.3B | 19 | |
| 2020-09-30 | 97 | $6.4B | 14 | |
| 2020-06-30 | 100 | $6.8B | 19 | |
| 2020-03-31 | 88 | $5.8B | 56 | |
| 2019-12-31 | 92 | $10.0B | 11 | |
| 2019-09-30 | 92 | $9.8B | 8 | |
| 2019-06-30 | 93 | $9.9B | 8 | |
| 2019-03-31 | 97 | $10.0B | 15 | |
| 2018-12-31 | 113 | $9.0B | 21 | |
| 2018-09-30 | 101 | $10.8B | 9 | |
| 2018-06-30 | 99 | $10.9B | 12 | |
| 2018-03-31 | 100 | $10.6B | 15 | |
| 2017-12-31 | 102 | $11.4B | 10 | |
| 2017-09-30 | 97 | $11.0B | 12 | |
| 2017-06-30 | 99 | $10.2B | 9 | |
| 2017-03-31 | 95 | $10.7B | 8 | |
| 2016-12-31 | 97 | $10.9B | 12 | |
| 2016-09-30 | 99 | $10.7B | 11 | |
| 2016-06-30 | 105 | $10.5B | 10 | |
| 2016-03-31 | 110 | $10.1B | 16 | |
| 2015-12-31 | 106 | $9.7B | 12 | |
| 2015-09-30 | 102 | $9.8B | 16 | |
| 2015-06-30 | 101 | $10.9B | 8 | |
| 2015-03-31 | 107 | $10.6B | 14 | |
| 2014-12-31 | 98 | $11.4B | 10 | |
| 2014-09-30 | 98 | $11.8B | 12 | |
| 2014-06-30 | 99 | $12.6B | 16 | |
| 2014-03-31 | 100 | $11.7B | 13 | |
| 2013-12-31 | 105 | $12.1B | 10 | |
| 2013-09-30 | 98 | $11.5B | 11 | |
| 2013-06-30 | 97 | $10.7B | — |
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%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | CRM | Salesforce INC | +1.1% | +10391.47% | Add |
| 2 | MSFT | Microsoft CORP | +1% | +26662.60% | Add |
| 3 | CVE | Cenovus Energy INC | +0.8% | -4.00% | Trim |
| 4 | CNI | Canadian Natl Railway Co | +0.5% | +35.98% | Add |
| 5 | TTE | Totalenergies Se | +0.4% | -2.29% | Trim |
| 6 | NTR | Nutrien LTD | +0.4% | -5.26% | Trim |
| 7 | ELPC | Cia Paranaense De Ener-adr | +0.4% | +8.75% | Add |
| 8 | WFG | West Fraser Timber Co LTD | +0.3% | +20.99% | Add |
| 9 | SBS | Cia Saneamento Basico De-adr | +0.3% | +5.94% | Add |
| 10 | PFE | Pfizer INC | +0.3% | +5.46% | Add |
| 11 | MRNA | Moderna INC | +0.3% | +3.08% | Add |
| 12 | T | At&t INC | +0.3% | -0.20% | Trim |
| 13 | VZ | Verizon Communications INC | +0.2% | -0.63% | Trim |
| 14 | COP | Conocophillips | +0.2% | -2.34% | Trim |
| 15 | EMN | Eastman Chemical Co | +0.2% | -0.09% | Trim |
| 16 | BCE | Bce INC | +0.2% | +3.08% | Add |
| 17 | ADBE | Adobe INC | +0.2% | +68.73% | Add |
| 18 | FDX | Fedex CORP | +0.2% | -2.72% | Trim |
| 19 | CRUS | Cirrus Logic INC | +0.2% | -0.17% | Trim |
| 20 | EFXT | Enerflex LTD | +0.2% | -8.36% | Trim |
| 21 | GSK | Gsk Plc-spon Adr | +0.1% | -1.81% | Trim |
| 22 | QSR | Restaurant Brands Intern | +0.1% | +10.83% | Add |
| 23 | CVX | Chevron CORP | +0.1% | -0.55% | Trim |
| 24 | SWKS | Skyworks Solutions INC | +0.1% | +35.93% | Add |
| 25 | TU | Telus CORP | +0.1% | +9.82% | Add |
| 26 | BAC | Bank Of America CORP | -0.1% | -0.45% | Trim |
| 27 | ABBV | Abbvie INC | -0.1% | -3.49% | Trim |
| 28 | HBM | Hudbay Minerals INC | -0.1% | -30.09% | Trim |
| 29 | WFC | Wells Fargo & Co | -0.1% | -0.65% | Trim |
| 30 | LULU | Lululemon Athletica INC | -0.2% | +4.08% | Add |
| 31 | CVS | Cvs Health CORP | -0.2% | +0.26% | Add |
| 32 | ILMN | Illumina INC | -0.2% | -0.71% | Trim |
| 33 | IBN | Icici Bank Ltd-spon Adr | -0.2% | -71.34% | Trim |
| 34 | IVZ | Invesco Ltd. | -0.2% | -23.94% | Trim |
| 35 | TFC | Truist Financial CORP | -0.2% | -7.60% | Trim |
| 36 | OTEX | Open Text CORP | -0.2% | +37.13% | Add |
| 37 | GPK | Graphic Packaging Holding Co | -0.3% | +0.55% | Add |
| 38 | CAE | Cae INC | -0.3% | -3.00% | Trim |
| 39 | STT | State Street CORP | -0.3% | -18.52% | Trim |
| 40 | META | Meta Platforms Inc-class A | -0.3% | +1.06% | Add |
| 41 | CM | Can Imperial Bk Of Commerce | -0.3% | -13.61% | Trim |
| 42 | MFC | Manulife Financial CORP | -0.3% | -1.83% | Trim |
| 43 | INTC | Intel CORP | -0.4% | -32.24% | Trim |
| 44 | C | Citigroup INC | -0.4% | -22.08% | Trim |
| 45 | RY | Royal Bank Of Canada | -0.4% | -2.88% | Trim |
| 46 | GOOG | Alphabet Inc-cl C | -0.5% | -0.55% | Trim |
| 47 | TD | Toronto-dominion Bank | -0.5% | -8.26% | Trim |
| 48 | BNS | Bank Of Nova Scotia | -0.6% | -5.77% | Trim |
| 49 | B | Barrick Mining CORP | -0.7% | -15.32% | Trim |
| 50 | SU | Suncor Energy INC | -0.9% | -83.80% | Trim |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-12 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-11 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-12 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-08 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-08 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-07 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-06 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-08 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-12 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-09 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-10 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-11 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-05-04 | Amendment | View on EDGAR |
| 2022-12-31 | 2023-02-10 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-10 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-09 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-11 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-09 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-03 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-29 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-11 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-05 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-09 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-07 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-14 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-07 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-05 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-01 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-10 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-08 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-08 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-07 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-08 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-20 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-13 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-10 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-11 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-13 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-14 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-04 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-11 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-08 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-12 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-04 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-04-28 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-10 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-17 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-15 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-12 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-13 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-14 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-06 | 13F-HR | View on EDGAR |
Institutions with a similar AUM
CIK 0001632097
Total reported value
$6.2B
678 stks
2026-03-31
AUM within 0.0% of this institution
CIK 0001652594
Total reported value
$6.2B
1,572 stks
2026-03-31
AUM within 0.0% of this institution
CIK 0001541625
Total reported value
$6.2B
1,417 stks
2026-03-31
AUM within 0.1% of this institution
Institutions with overlapping top holdings
CIK 0000898581
Total reported value
$19.5B
426 stks
2017-09-30
Stale — no recent filing
3 of the top 5 holdings overlap, including Royal Bank Of Canada
CIK 0001140804
Total reported value
$12.8B
721 stks
2013-12-31
Stale — no recent filing
3 of the top 5 holdings overlap, including Royal Bank Of Canada
CIK 0001335644
Total reported value
$24.3B
916 stks
2026-03-31
3 of the top 5 holdings overlap, including Royal Bank Of Canada