LETKO, BROSSEAU & ASSOCIATES INC
CIK 0001297496
Annualised vol
6.748638%
Beta
0.299494
HHI
227.950432
Top-10 weight
37.566634%
VaR 95%
0.65122%
VaR 99%
1.200257%
Max drawdown
12.287311%
Matched value
62.458822%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| GOOGL | REDUCED | 812,863 | 834,190 | -2.56% | 287,208,876 |
| SLF | REDUCED | 3,144,427 | 3,264,408 | -3.68% | 246,789,037 |
| MGA | REDUCED | 3,728,461 | 3,948,448 | -5.57% | 245,085,956 |
| RCI | REDUCED | 6,419,707 | 6,511,597 | -1.41% | 208,779,053 |
| OTEX | ADDED | 8,837,628 | 7,790,553 | 13.44% | 195,533,493 |
| NTR | REDUCED | 2,661,149 | 2,756,910 | -3.47% | 167,593,717 |
| BCE | ADDED | 7,626,060 | 7,564,328 | 0.82% | 164,212,252 |
| ILMN | REDUCED | 830,293 | 852,903 | -2.65% | 145,990,418 |
| CVE | REDUCED | 5,327,707 | 5,711,489 | -6.72% | 132,145,910 |
| META | ADDED | 223,556 | 200,645 | 11.42% | 125,926,855 |
| CVS | REDUCED | 1,095,265 | 1,114,735 | -1.75% | 113,305,164 |
| TU | ADDED | 10,220,253 | 7,440,412 | 37.36% | 108,055,538 |
| CAE | ADDED | 3,981,832 | 3,122,440 | 27.52% | 99,661,571 |
| PFE | ADDED | 4,124,748 | 4,090,013 | 0.85% | 99,323,932 |
| WFG | ADDED | 1,417,956 | 1,417,201 | 0.05% | 95,956,268 |
| ADBE | ADDED | 459,898 | 382,493 | 20.24% | 94,288,288 |
| MSFT | ADDED | 241,356 | 171,013 | 41.13% | 90,030,613 |
| T | ADDED | 4,174,925 | 4,121,700 | 1.29% | 86,420,948 |
| C | REDUCED | 609,048 | 631,490 | -3.55% | 85,242,364 |
| GSK | REDUCED | 1,624,668 | 1,644,613 | -1.21% | 85,165,097 |
| CMCSA | ADDED | 3,460,961 | 2,284,956 | 51.47% | 84,966,593 |
| SWKS | ADDED | 1,234,937 | 912,697 | 35.31% | 83,728,729 |
| TTE | REDUCED | 1,056,594 | 1,081,079 | -2.26% | 82,180,508 |
| CRM | ADDED | 504,810 | 356,710 | 41.52% | 79,083,535 |
| VZ | ADDED | 1,726,727 | 1,702,224 | 1.44% | 73,109,621 |
| ABBV | REDUCED | 270,009 | 275,149 | -1.87% | 67,945,065 |
| FDX | REDUCED | 215,587 | 217,512 | -0.89% | 67,506,759 |
| CRUS | REDUCED | 442,259 | 449,504 | -1.61% | 65,688,729 |
| TECK | REDUCED | 874,729 | 1,082,762 | -19.21% | 52,079,900 |
| MRNA | REDUCED | 724,830 | 748,815 | -3.2% | 50,759,845 |
| EFXT | REDUCED | 1,997,788 | 2,580,213 | -22.57% | 49,045,255 |
| GIL | NEW | 947,100 | - | - | 48,811,949 |
| QSR | REDUCED | 643,271 | 669,617 | -3.93% | 46,641,965 |
| MAC | REDUCED | 1,841,170 | 1,881,745 | -2.16% | 46,379,072 |
| MRK | REDUCED | 347,489 | 358,019 | -2.94% | 44,652,337 |
| COP | REDUCED | 408,904 | 420,604 | -2.78% | 42,509,660 |
| EXC | NEW | 891,100 | - | - | 41,543,082 |
| BAP | ADDED | 98,171 | 96,346 | 1.89% | 38,245,457 |
| BIIB | REDUCED | 146,562 | 150,865 | -2.85% | 31,666,186 |
| IVZ | REDUCED | 1,180,538 | 1,198,263 | -1.48% | 31,154,398 |
| LULU | ADDED | 272,068 | 183,843 | 47.99% | 31,064,724 |
| ADNT | ADDED | 1,661,072 | 1,617,406 | 2.7% | 30,530,503 |
| ACM | NEW | 390,075 | - | - | 27,227,235 |
| INTC | REDUCED | 193,495 | 2,028,470 | -90.46% | 27,017,709 |
| WMT | REDUCED | 195,046 | 199,426 | -2.2% | 22,090,910 |
| CVX | REDUCED | 129,488 | 131,760 | -1.72% | 21,463,931 |
| HBM | REDUCED | 808,989 | 1,097,248 | -26.27% | 19,096,417 |
| HDB | ADDED | 520,935 | 356,210 | 46.24% | 13,455,751 |
| SW | ADDED | 204,184 | 95,909 | 112.89% | 9,445,552 |
| CXM | REDUCED | 1,161,675 | 1,246,275 | -6.79% | 5,994,243 |
| IBN | REDUCED | 100,402 | 122,627 | -18.12% | 2,914,670 |
| SCHW | UNCHANGED | 17,771 | 17,771 | 0.0% | 1,639,730 |
| PBA | REDUCED | 23,325 | 26,600 | -12.31% | 1,078,827 |
| FCX | UNCHANGED | 9,625 | 9,625 | 0.0% | 605,316 |
| VALE | REDUCED | 33,650 | 36,650 | -8.19% | 506,096 |
| NXPI | UNCHANGED | 1,775 | 1,775 | 0.0% | 498,828 |
| ELVN | UNCHANGED | 9,600 | 9,600 | 0.0% | 487,200 |
| FTS | UNCHANGED | 7,900 | 7,900 | 0.0% | 452,423 |
| SU | REDUCED | 8,400 | 269,162 | -96.88% | 451,750 |
| EMA | UNCHANGED | 8,485 | 8,485 | 0.0% | 449,922 |
| GHRS | NEW | 15,425 | - | - | 414,624 |
| ERO | UNCHANGED | 14,700 | 14,700 | 0.0% | 392,380 |
| ALB | UNCHANGED | 2,475 | 2,475 | 0.0% | 334,199 |
| BCAX | UNCHANGED | 11,175 | 11,175 | 0.0% | 331,786 |
| SPRY | ADDED | 40,050 | 24,700 | 62.15% | 320,801 |
| CABA | UNCHANGED | 90,475 | 90,475 | 0.0% | 281,377 |
| SNDX | NEW | 12,450 | - | - | 272,157 |
| AMRZ | UNCHANGED | 4,941 | 4,941 | 0.0% | 262,287 |
| AMZN | NEW | 1,100 | - | - | 262,174 |
| CADL | NEW | 25,050 | - | - | 258,015 |
| KMB | UNCHANGED | 2,240 | 2,240 | 0.0% | 245,885 |
| LQDA | NEW | 2,900 | - | - | 231,217 |
| AAPL | NEW | 750 | - | - | 217,020 |
| ORCL | UNCHANGED | 1,420 | 1,420 | 0.0% | 208,101 |
| MA | NEW | 400 | - | - | 205,440 |
| DNLI | NEW | 7,850 | - | - | 201,902 |
| AURA | UNCHANGED | 28,300 | 28,300 | 0.0% | 200,930 |
| IAG | NEW | 12,500 | - | - | 197,885 |
| TENX | UNCHANGED | 10,650 | 10,650 | 0.0% | 154,958 |
| AQST | UNCHANGED | 35,325 | 35,325 | 0.0% | 146,952 |
| TCRX | UNCHANGED | 95,875 | 95,875 | 0.0% | 93,967 |
| ALDX | UNCHANGED | 17,300 | 17,300 | 0.0% | 36,849 |
| HUMA | UNCHANGED | 45,950 | 45,950 | 0.0% | 35,859 |
| PROK | UNCHANGED | 15,900 | 15,900 | 0.0% | 32,436 |
| GOSS | CLOSED OUT | 0 | 39,400 | -100.0% | 0 |
| REPL | CLOSED OUT | 0 | 10,800 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | BANK NOVA SCOTIA B C | COM | 064149107 | 293,708,337 | 4.34 | 3380374.0 | |
| - | TORONTO DOMINION BK ONT | COM NEW | 891160509 | 290,936,757 | 4.3 | 2393682.0 | |
| GOOGL | REDUCED | ALPHABET INC | CAP STK CL C | 02079K107 | 287,208,876 | 4.24 | 812863.0 |
| - | ROYAL BK CDA | COM | 780087102 | 280,724,744 | 4.15 | 1356164.0 | |
| - | BANK MONTREAL MEDIUM | COM | 063671101 | 252,087,887 | 3.73 | 1426775.0 | |
| SLF | REDUCED | SUN LIFE FINANCIAL INC. | COM | 866796105 | 246,789,037 | 3.65 | 3144427.0 |
| MGA | REDUCED | MAGNA INTL INC | COM | 559222401 | 245,085,956 | 3.62 | 3728461.0 |
| - | MANULIFE FINL CORP | COM | 56501R106 | 241,061,283 | 3.56 | 5945857.0 | |
| RCI | REDUCED | ROGERS COMMUNICATIONS INC | CL B | 775109200 | 208,779,053 | 3.09 | 6419707.0 |
| OTEX | ADDED | OPEN TEXT CORP | COM | 683715106 | 195,533,493 | 2.89 | 8837628.0 |
| - | CANADIAN IMPERIAL BANK OF CO | COM | 136069101 | 169,860,753 | 2.51 | 1475569.0 | |
| NTR | REDUCED | NUTRIEN LTD | COM | 67077M108 | 167,593,717 | 2.48 | 2661149.0 |
| BCE | ADDED | BCE INC | COM NEW | 05534B760 | 164,212,252 | 2.43 | 7626060.0 |
| ILMN | REDUCED | ILLUMINA INC | COM | 452327109 | 145,990,418 | 2.16 | 830293.0 |
| - | BARRICK MNG CORP | COM SHS | 06849F108 | 136,114,422 | 2.01 | 3703017.0 | |
| CVE | REDUCED | CENOVUS ENERGY INC | COM | 15135U109 | 132,145,910 | 1.95 | 5327707.0 |
| META | ADDED | META PLATFORMS INC | CL A | 30303M102 | 125,926,855 | 1.86 | 223556.0 |
| - | CANADIAN NATL RY CO | COM | 136375102 | 122,596,528 | 1.81 | 1027674.0 | |
| CVS | REDUCED | CVS HEALTH CORP | COM | 126650100 | 113,305,164 | 1.67 | 1095265.0 |
| TU | ADDED | TELUS CORPORATION | COM | 87971M103 | 108,055,538 | 1.6 | 1.0220253E7 |
| CAE | ADDED | CAE INC | COM | 124765108 | 99,661,571 | 1.47 | 3981832.0 |
| PFE | ADDED | PFIZER INC | COM | 717081103 | 99,323,932 | 1.47 | 4124748.0 |
| WFG | ADDED | WEST FRASER TIMBER CO LTD | COM | 952845105 | 95,956,268 | 1.42 | 1417956.0 |
| ADBE | ADDED | ADOBE INC | COM | 00724F101 | 94,288,288 | 1.39 | 459898.0 |
| MSFT | ADDED | MICROSOFT CORP | COM | 594918104 | 90,030,613 | 1.33 | 241356.0 |
| - | STATE STR CORP | COM | 857477103 | 89,149,567 | 1.32 | 525646.0 | |
| T | ADDED | AT&T INC | COM | 00206R102 | 86,420,948 | 1.28 | 4174925.0 |
| - | COMPANHIA PARANAENSE DE ENER | SPONSORED ADS | 20441B704 | 85,440,774 | 1.26 | 7333972.0 | |
| C | REDUCED | CITIGROUP INC | COM NEW | 172967424 | 85,242,364 | 1.26 | 609048.0 |
| GSK | REDUCED | GSK PLC | SPONSORED ADR | 37733W204 | 85,165,097 | 1.26 | 1624668.0 |
| CMCSA | ADDED | COMCAST CORP NEW | CL A | 20030N101 | 84,966,593 | 1.26 | 3460961.0 |
| SWKS | ADDED | SKYWORKS SOLUTIONS INC | COM | 83088M102 | 83,728,729 | 1.24 | 1234937.0 |
| TTE | REDUCED | TOTALENERGIES SE | ACT | F92124100 | 82,180,508 | 1.21 | 1056594.0 |
| - | EASTMAN CHEM CO | COM | 277432100 | 80,325,095 | 1.19 | 1199240.0 | |
| CRM | ADDED | SALESFORCE INC | COM | 79466L302 | 79,083,535 | 1.17 | 504810.0 |
| - | TRUIST FINL CORP | COM | 89832Q109 | 77,318,697 | 1.14 | 1551961.0 | |
| VZ | ADDED | VERIZON COMMUNICATIONS INC | COM | 92343V104 | 73,109,621 | 1.08 | 1726727.0 |
| - | COMPANHIA DE SANEAMENTO BASI | SPONSORED ADR | 20441A102 | 70,021,076 | 1.03 | 1.2114373E7 | |
| ABBV | REDUCED | ABBVIE INC | COM | 00287Y109 | 67,945,065 | 1.0 | 270009.0 |
| FDX | REDUCED | FEDEX CORP | COM | 31428X106 | 67,506,759 | 1.0 | 215587.0 |
| CRUS | REDUCED | CIRRUS LOGIC INC | COM | 172755100 | 65,688,729 | 0.97 | 442259.0 |
| - | GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 | 56,237,586 | 0.83 | 878575.0 | |
| - | BANK OF AMER CORP | COM | 060505104 | 55,116,184 | 0.81 | 967290.0 | |
| TECK | REDUCED | TECK RESOURCES LTD | CL B | 878742204 | 52,079,900 | 0.77 | 874729.0 |
| MRNA | REDUCED | MODERNA INC | COM | 60770K107 | 50,759,845 | 0.75 | 724830.0 |
| EFXT | REDUCED | ENERFLEX LTD | COM | 29269R105 | 49,045,255 | 0.72 | 1997788.0 |
| GIL | NEW | GILDAN ACTIVEWEAR INC | COM | 375916103 | 48,811,949 | 0.72 | 947100.0 |
| - | GRAPHIC PACKAGING HLDG CO | COM | 388689101 | 47,071,434 | 0.7 | 4453305.0 | |
| - | WELLS FARGO & CO | COM | 949746101 | 47,036,126 | 0.7 | 569169.0 | |
| QSR | REDUCED | RESTAURANT BRANDS INTL INC | COM | 76131D103 | 46,641,965 | 0.69 | 643271.0 |
| MAC | REDUCED | MACERICH CO | COM | 554382101 | 46,379,072 | 0.69 | 1841170.0 |
| MRK | REDUCED | MERCK & CO INC | COM | 58933Y105 | 44,652,337 | 0.66 | 347489.0 |
| - | CEMEX SA EURO MTN BE 144A | SPON ADR NEW | 151290889 | 43,121,100 | 0.64 | 3593425.0 | |
| COP | REDUCED | CONOCOPHILLIPS | COM | 20825C104 | 42,509,660 | 0.63 | 408904.0 |
| EXC | NEW | EXELON CORP | COM | 30161N101 | 41,543,082 | 0.61 | 891100.0 |
| - | UNITED PARCEL SVCS INC | CL B | 911312106 | 39,351,988 | 0.58 | 366065.0 | |
| BAP | ADDED | CREDICORP LTD | COM | G2519Y108 | 38,245,457 | 0.57 | 98171.0 |
| - | COPA HOLDINGS SA | CL A | P31076105 | 32,355,140 | 0.48 | 207978.0 | |
| BIIB | REDUCED | BIOGEN INC | COM | 09062X103 | 31,666,186 | 0.47 | 146562.0 |
| IVZ | REDUCED | INVESCO LTD | SHS | G491BT108 | 31,154,398 | 0.46 | 1180538.0 |
| LULU | ADDED | LULULEMON ATHLETICA INC | COM | 550021109 | 31,064,724 | 0.46 | 272068.0 |
| ADNT | ADDED | ADIENT PLC | ORD SHS | G0084W101 | 30,530,503 | 0.45 | 1661072.0 |
| ACM | NEW | AECOM | COM | 00766T100 | 27,227,235 | 0.4 | 390075.0 |
| INTC | REDUCED | INTEL CORP | COM | 458140100 | 27,017,709 | 0.4 | 193495.0 |
| WMT | REDUCED | WALMART INC | COM | 931142103 | 22,090,910 | 0.33 | 195046.0 |
| CVX | REDUCED | CHEVRON CORPORATION | COM | 166764100 | 21,463,931 | 0.32 | 129488.0 |
| HBM | REDUCED | HUDBAY MINERALS INC | COM | 443628102 | 19,096,417 | 0.28 | 808989.0 |
| - | FEDEX FGHT HLDG CO INC | COMMON STOCK | 314352105 | 15,337,297 | 0.23 | 101572.0 | |
| HDB | ADDED | HDFC BANK LTD | SPONSORED ADS | 40415F101 | 13,455,751 | 0.2 | 520935.0 |
| SW | ADDED | SMURFIT WESTROCK PLC | SHS | G8267P108 | 9,445,552 | 0.14 | 204184.0 |
| CXM | REDUCED | SPRINKLR INC | CL A | 85208T107 | 5,994,243 | 0.09 | 1161675.0 |
| - | PROFOUND MED CORP | COM NEW | 74319B502 | 5,403,226 | 0.08 | 935725.0 | |
| - | SPDR SERIES TRUST | ST STR SP BIOT | 78464A870 | 4,878,056 | 0.07 | 30825.0 | |
| IBN | REDUCED | ICICI BANK LIMITED | ADR | 45104G104 | 2,914,670 | 0.04 | 100402.0 |
| - | FRANKLIN TEMPLETON ETF TR | FRANKLIN INDIA | 35473P769 | 2,187,555 | 0.03 | 61500.0 | |
| SCHW | UNCHANGED | SCHWAB CHARLES CORP | COM | 808513105 | 1,639,730 | 0.02 | 17771.0 |
| - | ING GROEP N.V. | SPONSORED ADR | 456837103 | 1,463,061 | 0.02 | 46624.0 | |
| PBA | REDUCED | PEMBINA PIPELINE CORP | COM | 706327103 | 1,078,827 | 0.02 | 23325.0 |
| FCX | UNCHANGED | FREEPORT MCMORAN INC | CL B | 35671D857 | 605,316 | 0.01 | 9625.0 |
| - | PALVELLA THERAPEUTICS INC NE | COM | 697947109 | 534,870 | 0.01 | 3500.0 | |
| VALE | REDUCED | VALE S A | SPONSORED ADS | 91912E105 | 506,096 | 0.01 | 33650.0 |
| NXPI | UNCHANGED | NXP SEMICONDUCTORS N V | COM | N6596X109 | 498,828 | 0.01 | 1775.0 |
| ELVN | UNCHANGED | ENLIVEN THERAPEUTICS INC | COM | 29337E102 | 487,200 | 0.01 | 9600.0 |
| FTS | UNCHANGED | FORTIS INC | COM | 349553107 | 452,423 | 0.01 | 7900.0 |
| SU | REDUCED | SUNCOR ENERGY INC NEW | COM | 867224107 | 451,750 | 0.01 | 8400.0 |
| EMA | UNCHANGED | EMERA INC | COM | 290876101 | 449,922 | 0.01 | 8485.0 |
| - | MEIRAGTX HLDGS PLC | COM | G59665102 | 432,320 | 0.01 | 32000.0 | |
| GHRS | NEW | GH RESEARCH PLC | ORDINARY SHARES | G3855L106 | 414,624 | 0.01 | 15425.0 |
| ERO | UNCHANGED | ERO COPPER CORP | COM | 296006109 | 392,380 | 0.01 | 14700.0 |
| ALB | UNCHANGED | ALBEMARLE CORP | COM | 012653101 | 334,199 | 0.0 | 2475.0 |
| BCAX | UNCHANGED | BICARA THERAPEUTICS INC | COM | 055477103 | 331,786 | 0.0 | 11175.0 |
| - | NEWAMSTERDAM PHARMA COMPANY | ORDINARY SHARES | N62509109 | 321,108 | 0.0 | 9475.0 | |
| SPRY | ADDED | ARS PHARMACEUTICALS INC | COM | 82835W108 | 320,801 | 0.0 | 40050.0 |
| CABA | UNCHANGED | CABALETTA BIO INC | COM | 12674W109 | 281,377 | 0.0 | 90475.0 |
| SNDX | NEW | SYNDAX PHARMACEUTICALS INC | COM | 87164F105 | 272,157 | 0.0 | 12450.0 |
| AMRZ | UNCHANGED | AMRIZE LTD | SHS | H2927K103 | 262,287 | 0.0 | 4941.0 |
| AMZN | NEW | AMAZON COM INC | COM | 023135106 | 262,174 | 0.0 | 1100.0 |
| CADL | NEW | CANDEL THERAPEUTICS INC | COM | 137404109 | 258,015 | 0.0 | 25050.0 |
| KMB | UNCHANGED | KIMBERLY-CLARK CORP | COM | 494368103 | 245,885 | 0.0 | 2240.0 |
| LQDA | NEW | LIQUIDIA CORPORATION | COM NEW | 53635D202 | 231,217 | 0.0 | 2900.0 |
| AAPL | NEW | APPLE INC | COM | 037833100 | 217,020 | 0.0 | 750.0 |
| ORCL | UNCHANGED | ORACLE CORP | COM | 68389X105 | 208,101 | 0.0 | 1420.0 |
| MA | NEW | MASTERCARD INCORPORATED | CL A | 57636Q104 | 205,440 | 0.0 | 400.0 |
| DNLI | NEW | DENALI THERAPEUTICS INC | COM | 24823R105 | 201,902 | 0.0 | 7850.0 |
| AURA | UNCHANGED | AURA BIOSCIENCES INC | COM | 05153U107 | 200,930 | 0.0 | 28300.0 |
| IAG | NEW | IAMGOLD CORP | COM | 450913108 | 197,885 | 0.0 | 12500.0 |
| TENX | UNCHANGED | TENAX THERAPEUTICS INC | COM NEW | 88032L605 | 154,958 | 0.0 | 10650.0 |
| AQST | UNCHANGED | AQUESTIVE THERAPEUTICS INC | COM | 03843E104 | 146,952 | 0.0 | 35325.0 |
| TCRX | UNCHANGED | TSCAN THERAPEUTICS INC | COM | 89854M101 | 93,967 | 0.0 | 95875.0 |
| ALDX | UNCHANGED | ALDEYRA THERAPEUTICS INC | COM | 01438T106 | 36,849 | 0.0 | 17300.0 |
| HUMA | UNCHANGED | HUMACYTE INC | COM | 44486Q103 | 35,859 | 0.0 | 45950.0 |
| PROK | UNCHANGED | PROKIDNEY CORP | SHS CL A | 74291D104 | 32,436 | 0.0 | 15900.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-13 | 6,766,417,904 | 112 | 6.748638 | 0.299494 | 12.287311 |
| 2026-03-31 | 2026-05-12 | 6,204,562,484 | 101 | 6.743317 | 0.294203 | 13.144102 |
| 2025-12-31 | 2026-02-11 | 6,107,618,938 | 100 | 6.564033 | 0.283376 | 13.201846 |
| 2025-09-30 | 2025-11-12 | 5,822,191,581 | 98 | 6.712333 | 0.28874 | 12.218829 |
| 2025-03-31 | 2025-05-08 | 4,702,376,140 | 89 | 6.525843 | 0.277275 | 10.91183 |
| 2024-12-31 | 2025-02-14 | 5,174,336,771 | 100 | 6.685273 | 0.286075 | 12.013647 |