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Asset Manager ← All Institutions

LETKO, BROSSEAU & ASSOCIATES INC

Q4 2025 · Filed 2026-02-11
Market Value
$6.1B
+4.9%
Holdings
101
+4
New Purchases
6
Added To
29
Closed
5
Reduced
45
Top 10 Concentration
38.6%
Turnover
10.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CNI 1.25% 0.00% +1.25% $77M
TOTB.DE 1.18% 0.00% +1.18% $72M
ELPC 1.13% 0.01% +1.12% $69M
GOOG 4.31% 3.59% +0.72% $263M
B 3.28% 2.77% +0.51% $200M
ILMN 1.85% 1.39% +0.45% $113M
MFC 3.66% 3.33% +0.34% $224M
RY 4.10% 3.80% +0.29% $250M
MGA 3.56% 3.36% +0.20% $217M
FDX 1.06% 0.88% +0.18% $65M
GPK 0.85% 0.70% +0.15% $52M
CX 0.72% 0.57% +0.15% $44M
RCI 4.10% 3.96% +0.14% $250M
MRK 0.64% 0.51% +0.13% $39M
C 1.55% 1.43% +0.12% $95M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ELP 0.00% 1.13% -1.13% $0
GILD 0.00% 0.81% -0.81% $0
SHEL 0.01% 0.78% -0.77% $668K
OTEX 3.04% 3.63% -0.60% $185M
BMO 3.57% 3.98% -0.41% $218M
HBM 0.51% 0.92% -0.41% $31M
META 2.15% 2.51% -0.36% $131M
SWKS 0.70% 1.03% -0.34% $43M
TU 1.47% 1.79% -0.33% $89M
WMT 0.38% 0.70% -0.32% $23M
T 1.68% 1.99% -0.31% $103M
SU 1.21% 1.49% -0.28% $74M
ENRFF 0.71% 0.92% -0.21% $43M
PFE 1.58% 1.77% -0.19% $97M
WFG 1.18% 1.34% -0.17% $72M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 17 $1.2B 19.3%
Large Cap 52 $4.1B 67.7%
Mid Cap 14 $700M 11.5%
Small Cap 12 $43M 0.7%
Micro Cap 6 $51M 0.8%

Portfolio Analytics

Avg Market Cap
$273.4B
Median Market Cap
$28.8B
Avg P/E
20.6
Median P/E
17.4
Avg Dividend Yield
0.02%
Avg Beta
0.96
# Stocks
99
# ETFs / Funds
2

Top Holdings (101 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 BNS 4.51% 3,725,790 $275M $73.85 $18M -254,275 -6.4%
2 GOOG 4.31% 837,666 $263M $313.80 $54M -19,954 -2.3%
3 TD 4.24% 2,742,748 $259M $94.37 $16M -289,275 -9.5%
4 RCI 4.10% 6,621,447 $250M $37.80 $20M -69,575 -1.0%
5 RY 4.10% 1,465,322 $250M $170.70 $29M -35,868 -2.4%
6 MFC 3.66% 6,151,217 $224M $36.36 $30M -63,250 -1.0%
7 BMO 3.57% 1,674,225 $218M $130.04 -$14M -100,644 -5.7%
8 MGA 3.56% 4,067,800 $217M $53.38 $22M -56,245 -1.4%
9 SLF 3.29% 3,208,223 $201M $62.51 $9M +13,219 +0.4%
10 B 3.28% 4,587,350 $200M $43.62 $39M -312,725 -6.4%
11 OTEX 3.04% 5,681,093 $185M $32.61 -$26M +27,825 +0.5%
12 NTR 2.95% 2,910,084 $180M $61.81 $9M -4,985 -0.2%
13 BCE 2.87% 7,338,441 $175M $23.88 $11M +292,690 +4.2%
14 CM 2.70% 1,812,262 $165M $90.78 $13M -79,340 -4.2%
15 META 2.15% 198,547 $131M $660.09 -$15M -49 -0.0%
16 ILMN 1.85% 858,993 $113M $131.16 $32M +4,675 +0.6%
17 INTC 1.81% 2,993,420 $110M $36.90 $9M -30,750 -1.0%
18 T 1.68% 4,130,100 $103M $24.84 -$13M +26,625 +0.7%
19 CVE 1.65% 5,949,541 $101M $16.94 -$1M -55,902 -0.9%
20 CAE 1.61% 3,219,140 $98M $30.45 $2M -32,000 -1.0%
21 PFE 1.58% 3,878,438 $97M $24.90 -$6M -160,000 -4.0%
22 C 1.55% 810,460 $95M $116.69 $11M -11,035 -1.3%
23 TU 1.47% 6,775,387 $89M $13.20 -$15M +148,325 +2.2%
24 CVS 1.45% 1,111,860 $88M $79.36 $4M -3,725 -0.3%
25 STT 1.41% 668,226 $86M $129.01 $7M -13,900 -2.0%
26 TFC 1.37% 1,696,756 $83M $49.21 $7M +32,200 +1.9%
27 GSK 1.35% 1,674,863 $82M $49.04 $10M -1,105 -0.1%
28 ADBE 1.30% 226,696 $79M $349.99 -$4M -9,414 -4.0%
29 CNI 1.25% 773,340 $77M $99.03 +773,340 NEW
30 EMN 1.25% 1,194,421 $76M $63.83 $5M +61,950 +5.5%
31 SU 1.21% 1,661,252 $74M $44.44 -$13M -406,125 -19.6%
32 TOTB.DE 1.18% 1,106,404 $72M $65.29 +1,106,404 NEW
33 WFG 1.18% 1,171,348 $72M $61.26 -$6M +22,179 +1.9%
34 VZ 1.14% 1,712,944 $70M $40.73 -$3M +55,228 +3.3%
35 ELPC 1.13% 7,276,402 $69M $9.51 $69M +7,210,646 +10965.8%
36 CMCSA 1.11% 2,265,221 $68M $29.89 -$262K +101,975 +4.7%
37 ABBV 1.07% 285,104 $65M $228.49 -$2M -5,805 -2.0%
38 FDX 1.06% 223,597 $65M $288.86 $13M +6,860 +3.2%
39 TECK 0.96% 1,216,592 $58M $47.94 -$5M -221,750 -15.4%
40 BAC 0.88% 979,815 $54M $55.00 $3M -5,355 -0.5%
41 WFC 0.88% 577,544 $54M $93.20 -$3M -103,950 -15.2%
42 CRUS 0.87% 450,284 $53M $118.50 -$3M -1,795 -0.4%
43 SBS 0.87% 2,216,854 $53M $23.85 -$3M -31,175 -1.4%
44 GPK 0.85% 3,451,510 $52M $15.06 $11M +1,376,575 +66.3%
45 CX 0.72% 3,823,500 $44M $11.49 $11M +125,975 +3.4%
46 ENRFF 0.71% 2,815,688 $43M $15.44 -$10M -2,158,748 -43.4%
47 SWKS 0.70% 671,432 $43M $63.41 -$18M -110,265 -14.1%
48 IVZ 0.68% 1,575,463 $41M $26.27 $5M -25,675 -1.6%
49 QSR 0.68% 604,192 $41M $68.33 $3M +3,675 +0.6%
50 COP 0.66% 430,664 $40M $93.61 $95K +5,470 +1.3%
51 MRK 0.64% 370,534 $39M $105.26 $9M +16,545 +4.7%
52 LULU 0.60% 176,638 $37M $207.81 $2M -16,996 -8.8%
53 UPS 0.58% 358,175 $36M $99.19 $7M +18,100 +5.3%
54 MAC 0.57% 1,876,270 $35M $18.46 $1M +39,150 +2.1%
55 HBM 0.51% 1,569,583 $31M $19.88 -$22M -1,962,225 -55.6%
56 ADNT 0.50% 1,576,385 $30M $19.17 -$6M +79,549 +5.3%
57 BAP 0.48% 101,221 $29M $287.00 $3M +3,950 +4.1%
58 CPA 0.39% 195,203 $24M $120.61 $1M +7,450 +4.0%
59 WMT 0.38% 207,606 $23M $111.41 -$18M -188,905 -47.6%
60 BIIB 0.37% 129,780 $23M $175.99 $6M +9,160 +7.6%
61 MRNA 0.35% 726,440 $21M $29.49 -$2M -186,950 -20.5%
62 CVX 0.33% 132,485 $20M $152.41 -$528K -944 -0.7%
63 IBN 0.21% 427,852 $13M $29.80 -$483K -9,900 -2.3%
64 CXM 0.18% 1,435,075 $11M $7.78 -$2M -264,500 -15.6%
65 PROF 0.12% 970,675 $8M $7.86 $3M -15,575 -1.6%
66 HDB 0.11% 177,035 $6M $36.54 $2M +46,775 +35.9%
67 XBI 0.06% 32,825 $4M $112.71 $160K -2,500 -7.1%
68 SCHW 0.03% 19,746 $2M $99.91 $88K
69 ING 0.02% 48,925 $1M $28.00 $89K -200 -0.4%
70 CRM 0.01% 3,400 $901K $264.91 +3,400 NEW
71 PBA 0.01% 23,250 $887K $38.15 $294K +8,600 +58.7%
72 FLIN 0.01% 22,950 $886K $38.59 $59K +775 +3.5%
73 SHEL 0.01% 9,085 $668K $73.48 -$45M -625,892 -98.6%
74 FCX 0.01% 9,625 $489K $50.79 $217K +2,700 +39.0%
75 VALE 0.01% 36,650 $478K $13.03 $80K
76 EMRAF 0.01% 8,485 $419K $49.35 $12K
77 ERO 0.01% 14,700 $416K $28.33 $52K -3,300 -18.3%
78 FTS 0.01% 7,900 $411K $52.06 $10K
79 NXPI 0.01% 1,775 $385K $217.06 -$19K
80 PVLA 0.01% 3,500 $366K $104.67 $40K -1,700 -32.7%
81 ALB 0.01% 2,475 $350K $141.44 $149K
82 GOOGL 0.01% 1,092 $342K $313.00 $76K
83 MSFT 0.01% 639 $309K $483.62 -$21K +1 +0.2%
84 SPRY —% 24,700 $288K $11.65 $40K
85 ORCL —% 1,420 $277K $194.91 -$404K -1,000 -41.3%
86 MGTX —% 32,000 $254K $7.95 -$9K
87 AQST —% 35,325 $228K $6.46 +35,325 NEW
88 CABA —% 90,475 $198K $2.19 +90,475 NEW
89 BCAX —% 11,175 $188K $16.83 +11,175 NEW
90 AURA —% 28,300 $154K $5.45 -$21K
91 GOSS —% 39,400 $122K $3.10 $19K
92 REPL —% 10,800 $105K $9.72 $60K
93 TCRX —% 95,875 $96K $1.00 -$79K
94 ALDX —% 17,300 $90K $5.18 -$692
95 HUMA —% 45,950 $44K $0.96 -$36K
96 PROK —% 15,900 $36K $2.24 -$3K
97 ETNB —% -$157K -10,700 -100.0% SOLD
98 ELP —% -$66M -6,696,046 -100.0% SOLD
99 MLYS —% -$208K -5,475 -100.0% SOLD
100 NVDA —% -$1M -6,250 -100.0% SOLD

New Positions

SymbolValue% Port
CNI $77M 1.25%
TOTB.DE $72M 1.18%
CRM $901K 0.01%
AQST $228K —%
CABA $198K —%
BCAX $188K —%

Sold Out Positions

SymbolValue% Port
GILD —%
MLYS —%
NVDA —%
ETNB —%
ELP —%
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