Letko, Brosseau & Associates Inc 13F annual report
Letko, Brosseau & Associates Inc is an investment fund managing more than $5.27 trillion ran by Isabelle Godin. There are currently 102 companies in Mrs. Godin’s portfolio. The largest investments include Manulife Finl Corp and Royal Bk Cda, together worth $455 billion.
$5.27 trillion Assets Under Management (AUM)
As of 30th July 2024, Letko, Brosseau & Associates Inc’s top holding is 9,340,152 shares of Manulife Finl Corp currently worth over $249 billion and making up 4.7% of the portfolio value.
In addition, the fund holds 1,940,607 shares of Royal Bk Cda worth $207 billion.
The third-largest holding is Bank Nova Scotia Halifax worth $202 billion and the next is Toronto Dominion Bk Ont worth $184 billion, with 3,350,204 shares owned.
Currently, Letko, Brosseau & Associates Inc's portfolio is worth at least $5.27 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Letko, Brosseau & Associates Inc
The Letko, Brosseau & Associates Inc office and employees reside in Montreal, Quebec, Canada. According to the last 13-F report filed with the SEC, Isabelle Godin serves as the VP Operations and CFO at Letko, Brosseau & Associates Inc.
Recent trades
In the most recent 13F filing, Letko, Brosseau & Associates Inc revealed that it had opened a new position in
Celestica and bought 1,256,871 shares worth $72 billion.
This means they effectively own approximately 0.1% of the company.
Celestica makes up
10.0%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Toronto Dominion Bk Ont by buying
174,845 additional shares.
This makes their stake in Toronto Dominion Bk Ont total 3,350,204 shares worth $184 billion.
On the other hand, there are companies that Letko, Brosseau & Associates Inc is getting rid of from its portfolio.
Letko, Brosseau & Associates Inc closed its position in Celestica on 6th August 2024.
It sold the previously owned 2,908,126 shares for $131 billion.
Isabelle Godin also disclosed a decreased stake in Manulife Finl Corp by 0.1%.
This leaves the value of the investment at $249 billion and 9,340,152 shares.
One of the largest hedge funds
The two most similar investment funds to Letko, Brosseau & Associates Inc are Bristol John W & Co Inc ny/ and Scge Management, L.P.. They manage $5.28 trillion and $5.28 trillion respectively.
Isabelle Godin investment strategy
Letko, Brosseau & Associates Inc’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 13.7% of
the total portfolio value.
The fund focuses on investments in the United States as
36.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
41% of the total holdings value.
On the other hand, small-cap stocks make up only 2.9% of the portfolio.
The average market cap of the portfolio companies is close to $116 billion.
The complete list of Letko, Brosseau & Associates Inc trades based on 13F SEC filings
These positions were updated on August 6th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Manulife Finl Corp |
13.91%
9,340,152
|
$248,665,720,000 | 4.72% |
| Royal Bk Cda |
6.16%
1,940,607
|
$206,562,203,000 | 3.92% |
| Bank Nova Scotia Halifax |
0.43%
4,425,402
|
$202,390,951,000 | 3.84% |
| Toronto Dominion Bk Ont |
5.51%
3,350,204
|
$184,116,155,000 | 3.49% |
| Bank Montreal Que |
3.29%
1,944,266
|
$163,160,058,000 | 3.09% |
| Meta Platforms Inc |
6.55%
311,252
|
$156,939,483,000 | 2.98% |
| Rogers Communications Inc. |
1.45%
4,004,074
|
$148,066,024,000 | 2.81% |
| Alphabet Inc |
8.13%
768,681
|
$140,988,954,000 | 2.67% |
| Suncor Energy, Inc. |
3.91%
3,622,651
|
$138,065,005,000 | 2.62% |
| Magna International Inc. |
9.11%
3,284,400
|
$137,631,055,000 | 2.61% |
| Sun Life Financial, Inc. |
0.52%
2,781,017
|
$136,332,532,000 | 2.59% |
| Nutrien Ltd |
1.08%
2,643,813
|
$134,572,003,000 | 2.55% |
| Celestica, Inc. |
Closed
2,908,126
|
$130,787,769,000 | |
| Open Text Corp |
16.84%
3,929,040
|
$117,955,905,000 | 2.24% |
| BCE Inc |
2.09%
3,514,662
|
$113,812,017,000 | 2.16% |
| Canadian Imperial Bk Comm To |
1.20%
2,351,825
|
$111,803,425,000 | 2.12% |
| Telus Corp. |
2.04%
6,823,602
|
$103,275,330,000 | 1.96% |
| Cenovus Energy Inc |
3.56%
4,982,825
|
$97,919,512,000 | 1.86% |
| Citigroup Inc |
4.92%
1,484,054
|
$94,178,067,000 | 1.79% |
| Pfizer Inc. |
3.65%
3,243,383
|
$90,749,856,000 | 1.72% |
| Teck Resources Ltd |
44.87%
1,846,696
|
$88,478,379,000 | 1.68% |
| Hudbay Minerals Inc. |
41.74%
9,591,158
|
$86,774,974,000 | 1.65% |
| West Fraser Timber Co Ltd |
0.60%
1,129,526
|
$86,731,682,000 | 1.64% |
| AT&T Inc. |
1.88%
4,406,910
|
$84,216,050,000 | 1.60% |
| Eastman Chem Co |
1.08%
848,751
|
$83,152,135,000 | 1.58% |
| Comcast Corp New |
2.75%
1,914,196
|
$74,959,915,000 | 1.42% |
| Cae Inc. |
1.56%
3,913,829
|
$72,679,062,000 | 1.38% |
| Skyworks Solutions, Inc. |
2.80%
679,405
|
$72,410,985,000 | 1.37% |
| Celestica, Inc. |
Opened
1,256,871
|
$71,957,667,000 | 1.36% |
| Verizon Communications Inc |
5.02%
1,658,745
|
$68,406,644,000 | 1.30% |
| Walmart Inc |
4.69%
1,000,086
|
$67,715,823,000 | 1.28% |
| State Str Corp |
2.04%
913,296
|
$67,583,904,000 | 1.28% |
| Barrick Gold Corp. |
Opened
4,006,700
|
$66,819,815,000 | 1.27% |
| Gilead Sciences, Inc. |
1.80%
967,533
|
$66,382,439,000 | 1.26% |
| Truist Finl Corp |
1.77%
1,704,091
|
$66,203,935,000 | 1.26% |
| Canadian Nat Res Ltd |
84.77%
1,830,240
|
$65,178,935,000 | 1.24% |
| Cirrus Logic, Inc. |
18.28%
493,709
|
$63,026,891,000 | 1.20% |
| Shell Plc |
1.73%
871,697
|
$62,919,089,000 | 1.19% |
| Wells Fargo Co New |
3.95%
1,042,579
|
$61,918,767,000 | 1.17% |
| CVS Health Corp |
36.63%
1,037,265
|
$61,260,871,000 | 1.16% |
| Berry Global Group Inc |
2.02%
953,937
|
$56,139,192,000 | 1.06% |
| Abbvie Inc |
2.42%
318,834
|
$54,686,408,000 | 1.04% |
| Bank America Corp |
0.52%
1,366,048
|
$54,327,729,000 | 1.03% |
| Oracle Corp. |
8.06%
369,417
|
$52,161,680,000 | 0.99% |
| Macerich Co. |
1.16%
3,261,795
|
$50,362,115,000 | 0.96% |
| Conocophillips |
1.84%
431,059
|
$49,304,528,000 | 0.94% |
| Skechers U S A, Inc. |
2.51%
712,000
|
$49,213,440,000 | 0.93% |
| GSK Plc |
0.50%
1,184,095
|
$45,587,658,000 | 0.86% |
| Fedex Corp |
2.45%
149,150
|
$44,721,136,000 | 0.85% |
| Fidelity Natl Information Sv |
1.27%
557,915
|
$42,044,474,000 | 0.80% |
| Moderna Inc |
1.45%
315,400
|
$37,453,750,000 | 0.71% |
| Companhia De Saneamento Basi |
2.28%
2,770,590
|
$37,264,436,000 | 0.71% |
| Companhia Paranaense De Ener |
8.78%
5,988,715
|
$39,661,067,000 | 0.75% |
| Enerflex Ltd |
1.64%
6,628,286
|
$35,748,712,000 | 0.68% |
| Spirit Aerosystems Holdings Inc |
2.32%
1,058,255
|
$34,784,842,000 | 0.66% |
| Hess Corporation |
9.63%
235,787
|
$34,783,298,000 | 0.66% |
| Restaurant Brands International Inc |
12.16%
450,175
|
$31,714,744,000 | 0.60% |
| Graphic Packaging Hldg Co |
1.21%
1,136,735
|
$29,793,824,000 | 0.57% |
| United Parcel Service, Inc. |
0.57%
213,777
|
$29,255,385,000 | 0.55% |
| Merck & Co Inc |
9.71%
234,239
|
$28,998,788,000 | 0.55% |
| Biogen Inc |
6.99%
112,672
|
$26,119,624,000 | 0.50% |
| Invesco Ltd |
0.90%
1,639,938
|
$24,533,472,000 | 0.47% |
| Intel Corp. |
Opened
776,000
|
$24,032,720,000 | 0.46% |
| Cemex Sab De Cv |
4.96%
3,572,821
|
$22,830,326,000 | 0.43% |
| Sprinklr, Inc. |
63.50%
2,130,350
|
$20,493,967,000 | 0.39% |
| Devon Energy Corp. |
3.76%
407,590
|
$19,319,766,000 | 0.37% |
| Credicorp Ltd |
0.67%
112,950
|
$18,222,224,000 | 0.35% |
| Copa Holdings Sa |
14.65%
174,975
|
$16,654,121,000 | 0.32% |
| Icici Bank Limited |
32.18%
539,575
|
$15,545,156,000 | 0.29% |
| Ovintiv Inc |
26.47%
297,591
|
$13,947,103,000 | 0.26% |
| Vodafone Group plc |
13.71%
1,450,750
|
$12,868,153,000 | 0.24% |
| Dicks Sporting Goods, Inc. |
20.78%
56,768
|
$12,196,605,000 | 0.23% |
| Profound Med Corp |
2.65%
1,198,775
|
$10,074,208,000 | 0.19% |
| Fortis Inc. |
2.32%
220,928
|
$8,584,603,000 | 0.16% |
| Spdr Ser Tr |
13.53%
56,900
|
$5,275,199,000 | 0.10% |
| Morgan Stanley India Invt Fd |
No change
193,375
|
$5,172,781,000 | 0.10% |
| Yatra Online Inc |
No change
1,574,120
|
$1,873,203,000 | 0.04% |
| HDFC Bank Ltd. |
19.86%
25,200
|
$1,621,116,000 | 0.03% |
| Schwab Charles Corp |
No change
21,846
|
$1,609,832,000 | 0.03% |
| Ishares Inc |
No change
7,400
|
$1,091,426,000 | 0.02% |
| Spdr S&p 500 Etf Tr |
30.92%
1,720
|
$936,058,000 | 0.02% |
| ING Groep N.V. |
12.29%
49,551
|
$849,304,000 | 0.02% |
| Tenet Healthcare Corp. |
99.53%
5,300
|
$705,059,000 | 0.01% |
| Vanguard Scottsdale Fds |
No change
7,000
|
$573,790,000 | 0.01% |
| Pembina Pipeline Corporation |
10.53%
11,882
|
$440,772,000 | 0.01% |
| Kimberly-Clark Corp. |
No change
3,025
|
$418,055,000 | 0.01% |
| Ishares Tr |
Closed
5,025
|
$401,297,000 | |
| Vanguard Intl Equity Index F |
No change
3,250
|
$366,048,000 | 0.01% |
| Vale S.A. |
Opened
31,875
|
$356,044,000 | 0.01% |
| Duke Energy Corp. |
2.23%
3,169
|
$317,629,000 | 0.01% |
| Microsoft Corporation |
No change
638
|
$285,154,000 | 0.01% |
| Denali Therapeutics Inc |
Opened
11,350
|
$263,547,000 | 0.00% |
| Ars Pharmaceuticals Inc |
31.39%
24,700
|
$210,197,000 | 0.00% |
| MetLife, Inc. |
No change
2,900
|
$203,551,000 | 0.00% |
| Nxp Semiconductors N V |
23.08%
750
|
$201,818,000 | 0.00% |
| Arcadium Lithium Plc |
Opened
58,500
|
$196,560,000 | 0.00% |
| Meiragtx Hldgs Plc |
38.53%
45,300
|
$190,713,000 | 0.00% |
| Aura Biosciences Inc |
No change
21,200
|
$160,272,000 | 0.00% |
| Mineralys Therapeutics Inc |
No change
11,400
|
$133,380,000 | 0.00% |
| Tscan Therapeutics Inc |
No change
20,700
|
$121,095,000 | 0.00% |
| Outset Med Inc |
No change
13,550
|
$52,168,000 | 0.00% |
| Prokidney Corp |
No change
15,900
|
$39,114,000 | 0.00% |
| GlycoMimetics Inc |
No change
45,250
|
$12,742,000 | 0.00% |
| Atara Biotherapeutics Inc |
Closed
17,500
|
$12,145,000 | |
| Lyra Therapeutics, Inc. |
No change
31,900
|
$8,827,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 105 holdings | |||
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