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LETKO, BROSSEAU & ASSOCIATES INC

Q2 2025 · Filed 2025-08-08
Market Value
$5.2B
+13.2%
Holdings
94
-4
New Purchases
8
Added To
39
Closed
4
Reduced
32
Top 10 Concentration
37.1%
Turnover
12.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
B 2.00% 0.00% +2.00% $104M
ADNT 0.55% 0.00% +0.55% $29M
OTEX 3.16% 2.67% +0.50% $165M
RCI 3.84% 3.41% +0.42% $200M
GOOG 2.95% 2.58% +0.37% $154M
META 2.98% 2.65% +0.33% $155M
HBM 1.64% 1.38% +0.26% $85M
TD 4.49% 4.25% +0.24% $234M
CM 2.66% 2.42% +0.24% $138M
BNS 4.29% 4.13% +0.16% $224M
ELP 1.17% 1.07% +0.11% $61M
ILMN 1.56% 1.46% +0.11% $81M
MGA 3.00% 2.92% +0.08% $156M
RY 3.86% 3.78% +0.07% $201M
SWKS 1.10% 1.03% +0.07% $57M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SKX 0.01% 0.81% -0.80% $424K
MFC 3.83% 4.25% -0.42% $200M
EMN 1.22% 1.59% -0.37% $64M
ABBV 1.06% 1.36% -0.31% $55M
T 2.32% 2.60% -0.28% $121M
PFE 1.85% 2.12% -0.26% $97M
SU 1.50% 1.76% -0.26% $78M
VZ 1.37% 1.63% -0.26% $71M
WFG 1.57% 1.82% -0.25% $82M
COP 0.73% 0.96% -0.22% $38M
CMCSA 1.25% 1.46% -0.20% $65M
GILD 1.14% 1.34% -0.20% $59M
BCE 2.40% 2.59% -0.20% $125M
SHEL 0.86% 1.03% -0.17% $45M
CVS 1.47% 1.64% -0.17% $77M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 14 $1.0B 19.2%
Large Cap 51 $3.5B 67.0%
Mid Cap 15 $625M 12.0%
Small Cap 7 $45M 0.9%
Micro Cap 7 $47M 0.9%

Portfolio Analytics

Avg Market Cap
$182.3B
Median Market Cap
$29.5B
Avg P/E
20.5
Median P/E
17.2
Avg Dividend Yield
0.02%
Avg Beta
0.91
# Stocks
91
# ETFs / Funds
3

Top Holdings (94 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 TD 4.49% 3,184,648 $234M $73.40 $38M -76,917 -2.4%
2 BNS 4.29% 4,052,095 $224M $55.19 $33M +40,570 +1.0%
3 RY 3.86% 1,528,535 $201M $131.53 $27M -17,632 -1.1%
4 BMO 3.84% 1,809,299 $200M $110.60 $26M -17,300 -0.9%
5 RCI 3.84% 6,753,987 $200M $29.60 $43M +868,800 +14.8%
6 MFC 3.83% 6,254,242 $200M $31.91 $4M -20,505 -0.3%
7 SLF 3.50% 2,748,794 $183M $66.41 $24M -21,165 -0.8%
8 NTR 3.28% 2,942,763 $171M $58.15 $22M -58,715 -2.0%
9 OTEX 3.16% 5,649,818 $165M $29.16 $42M +789,013 +16.2%
10 MGA 3.00% 4,051,430 $156M $38.58 $22M +92,220 +2.3%
11 META 2.98% 210,251 $155M $738.09 $33M -1,483 -0.7%
12 GOOG 2.95% 866,925 $154M $177.39 $35M +106,552 +14.0%
13 CM 2.66% 1,953,602 $138M $70.84 $27M -24,655 -1.2%
14 BCE 2.40% 5,647,934 $125M $22.13 $6M +445,680 +8.6%
15 T 2.32% 4,171,125 $121M $28.94 $1M -53,975 -1.3%
16 TU 2.03% 6,595,437 $106M $16.03 $13M +139,120 +2.1%
17 B 2.00% 5,016,025 $104M $20.78 +5,016,025 NEW
18 CAE 1.87% 3,323,765 $97M $29.25 $14M -61,109 -1.8%
19 PFE 1.85% 3,985,888 $97M $24.24 -$880K +138,300 +3.6%
20 HBM 1.64% 8,062,733 $85M $10.59 $22M -330,575 -3.9%
21 C 1.59% 974,477 $83M $85.12 $11M -33,810 -3.4%
22 CVE 1.58% 6,057,328 $82M $13.58 $3M +344,199 +6.0%
23 WFG 1.57% 1,118,854 $82M $73.18 -$2M +26,052 +2.4%
24 ILMN 1.56% 853,568 $81M $95.41 $14M +9,470 +1.1%
25 SU 1.50% 2,085,227 $78M $37.38 -$3M -2,678 -0.1%
26 CVS 1.47% 1,112,085 $77M $68.98 $1M -105 -0.0%
27 STT 1.41% 691,061 $73M $106.34 $12M -415 -0.1%
28 TFC 1.38% 1,672,481 $72M $42.99 $4M +25,335 +1.5%
29 VZ 1.37% 1,650,643 $71M $43.27 -$3M -500 -0.0%
30 INTC 1.28% 2,981,545 $67M $22.40 $829K +77,220 +2.7%
31 CMCSA 1.25% 1,827,581 $65M $35.69 -$2M +11,230 +0.6%
32 ADBE 1.24% 167,255 $65M $386.88 $3M +7,114 +4.4%
33 GSK 1.22% 1,661,268 $64M $38.40 $1M +41,850 +2.6%
34 EMN 1.22% 850,596 $64M $74.66 -$10M +21,070 +2.5%
35 ELP 1.17% 6,704,446 $61M $9.13 $12M -10,275 -0.1%
36 GILD 1.14% 533,520 $59M $110.87 -$2M -15,153 -2.8%
37 TECK 1.12% 1,450,103 $59M $40.36 $5M -11,610 -0.8%
38 SWKS 1.10% 769,616 $57M $74.52 $10M +38,529 +5.3%
39 WFC 1.07% 694,154 $56M $80.12 $4M -26,485 -3.7%
40 ABBV 1.06% 296,984 $55M $185.62 -$8M -2,655 -0.9%
41 SBS 0.95% 2,253,589 $50M $21.97 $7M -98,750 -4.2%
42 FDX 0.91% 208,982 $48M $227.31 -$105K +13,687 +7.0%
43 CRUS 0.90% 449,054 $47M $104.26 $2M +1,065 +0.2%
44 BAC 0.90% 987,262 $47M $47.32 $5M -1,140 -0.1%
45 SHEL 0.86% 635,852 $45M $70.41 -$3M -10,825 -1.7%
46 ENRFF 0.76% 5,055,911 $40M $7.88 $817K +6,225 +0.1%
47 WMT 0.76% 406,121 $40M $97.78 $2M -27,190 -6.3%
48 COP 0.73% 425,685 $38M $89.74 -$6M +6,356 +1.5%
49 GPK 0.63% 1,552,760 $33M $21.07 $3M +424,525 +37.6%
50 QSR 0.60% 472,917 $31M $66.20 $1M +21,012 +4.7%
51 ADNT 0.55% 1,481,963 $29M $19.46 +1,481,963 NEW
52 MRK 0.53% 347,289 $27M $79.16 $6M +106,380 +44.2%
53 MAC 0.52% 1,670,295 $27M $16.18 -$1M +11,975 +0.7%
54 CX 0.50% 3,730,300 $26M $6.93 $5M +15,900 +0.4%
55 MRNA 0.49% 918,190 $25M $27.59 -$81K +21,765 +2.4%
56 IVZ 0.49% 1,602,438 $25M $15.77 $1M +9,575 +0.6%
57 BAP 0.42% 96,946 $22M $223.52 $4M +500 +0.5%
58 CPA 0.39% 186,803 $21M $109.97 $3M +1,325 +0.7%
59 HES 0.35% 131,417 $18M $138.54 -$3M -1,255 -0.9%
60 LULU 0.30% 66,284 $16M $237.58 -$2M +2,339 +3.7%
61 IBN 0.30% 467,102 $16M $33.64 $651K -10,750 -2.2%
62 CXM 0.29% 1,760,500 $15M $8.46 $291K +11,625 +0.7%
63 BIIB 0.28% 117,655 $15M $125.59 -$1M +2,045 +1.8%
64 PROF 0.14% 1,204,250 $7M $5.93 $1M -3,600 -0.3%
65 HDB 0.09% 58,980 $5M $76.67 $713K +1,650 +2.9%
66 XBI 0.06% 38,325 $3M $82.93 -$66K -1,675 -4.2%
67 SCHW 0.03% 19,746 $2M $91.24 $92K -2,100 -9.6%
68 ING 0.02% 49,459 $1M $21.87 $113K
69 FLIN 0.02% 20,975 $835K $39.83 $242K +4,875 +30.3%
70 ORCL 0.01% 3,095 $677K $218.63 +3,095 NEW
71 UPS 0.01% 6,150 $621K $100.94 +6,150 NEW
72 ELPC 0.01% 68,106 $580K $8.52 $123K -1,850 -2.6%
73 PBA 0.01% 12,875 $482K $37.47 -$16K +400 +3.2%
74 SPRY 0.01% 24,700 $431K $17.45 $120K
75 SKX 0.01% 6,725 $424K $63.10 -$37M -648,075 -99.0%
76 FTS 0.01% 8,500 $405K $47.65 $18K
77 EMRAF 0.01% 8,485 $388K $45.72 +8,485 NEW
78 NXPI 0.01% 1,775 $388K $218.49 +1,775 NEW
79 VALE 0.01% 36,650 $356K $9.71 -$10K
80 MSFT 0.01% 638 $317K $497.41 $78K
81 FCX 0.01% 6,925 $300K $43.35 +6,925 NEW
82 MGTX 0.01% 45,300 $295K $6.52 -$12K
83 ERO —% 14,500 $244K $16.86 $69K
84 MLYS —% 16,500 $223K $13.53 -$39K
85 TCRX —% 95,875 $139K $1.45 $33K +18,775 +24.4%
86 AURA —% 21,200 $133K $6.26 $8K
87 ETNB —% 10,700 $105K $9.82 $27K
88 REPL —% 10,800 $100K $9.29 +10,800 NEW
89 HUMA —% 45,950 $96K $2.09 $54K +21,150 +85.3%
90 ALDX —% 17,300 $66K $3.83 -$33K
91 DUK —% -$250K -2,050 -100.0% SOLD
92 PLRX —% -$14K -10,400 -100.0% SOLD
93 KMB —% -$215K -1,515 -100.0% SOLD
94 IIF —% -$3M -113,375 -100.0% SOLD

New Positions

SymbolValue% Port
B $104M 2.00%
ADNT $29M 0.55%
ORCL $677K 0.01%
UPS $621K 0.01%
EMRAF $388K 0.01%
NXPI $388K 0.01%
FCX $300K 0.01%
REPL $100K —%

Sold Out Positions

SymbolValue% Port
DUK —%
KMB —%
PLRX —%
IIF —%
View SEC EDGAR Filings for LETKO, BROSSEAU & ASSOCIATES INC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms