LETKO, BROSSEAU & ASSOCIATES INC — 13F Holdings & Portfolio
CIK 1297496 · latest 13F-HR filed 2026-05-12
LETKO, BROSSEAU & ASSOCIATES INC manages $6.20B in 13F-reported U.S. long-equity assets across 101 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are RCI (4.02%), BNS (3.91%), GOOG (3.85%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 2 new positions, exited 1, added to 44, and trimmed 41.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$6.20B
Long-equity book
101
Distinct positions
2026-03-31
Filed 2026-05-12
+2 / −1 / ↑44 / ↓41
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- SALESFORCE INC$65.7M +7292.9%
- MICROSOFT CORP$63.0M +20384.5%
- CENOVUS ENERGY INC$50.3M +49.9%
- CANADIAN NATL RY CO$31.3M +40.9%
- TOTALENERGIES SE$28.5M +39.5%
Top Trims
- SUNCOR ENERGY INC NEW-$56.1M -76.0%
- BARRICK MNG CORP-$41.8M -20.9%
- BANK NOVA SCOTIA B C-$32.5M -11.8%
- TORONTO DOMINION BK ONT-$24.6M -9.5%
- ALPHABET INC-$23.9M -9.1%
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ROGERS COMMUNICATIONS INC | RCI | 775109200 | $249.6M | 4.02% | 6,511,597 | SH |
| 2 | BANK NOVA SCOTIA B C | BNS | 064149107 | $242.7M | 3.91% | 3,510,666 | SH |
| 3 | ALPHABET INC | GOOG | 02079K107 | $239.0M | 3.85% | 833,098 | SH |
| 4 | TORONTO DOMINION BK ONT | TD | 891160509 | $234.2M | 3.78% | 2,516,065 | SH |
| 5 | ROYAL BK CDA | RY | 780087102 | $229.3M | 3.70% | 1,423,097 | SH |
| 6 | MAGNA INTL INC | MGA | 559222401 | $219.8M | 3.54% | 3,948,448 | SH |
| 7 | BANK MONTREAL MEDIUM | BMO | 063671101 | $213.3M | 3.44% | 1,580,030 | SH |
| 8 | NUTRIEN LTD | NTR | 67077M108 | $207.4M | 3.34% | 2,756,910 | SH |
| 9 | MANULIFE FINL CORP | MFC | 56501R106 | $207.3M | 3.34% | 6,038,452 | SH |
| 10 | SUN LIFE FINANCIAL INC. | SLF | 866796105 | $203.9M | 3.29% | 3,264,408 | SH |
| 11 | BCE INC | BCE | 05534B760 | $190.3M | 3.07% | 7,564,328 | SH |
| 12 | OPEN TEXT CORP | OTEX | 683715106 | $173.1M | 2.79% | 7,790,553 | SH |
| 13 | BARRICK MNG CORP | B | 06849F108 | $158.2M | 2.55% | 3,884,565 | SH |
| 14 | CENOVUS ENERGY INC | CVE | 15135U109 | $151.1M | 2.44% | 5,711,489 | SH |
| 15 | CANADIAN IMPERIAL BANK OF CO | CM | 136069101 | $147.9M | 2.38% | 1,565,632 | SH |
| 16 | AT&T INC | T | 00206R102 | $119.5M | 1.93% | 4,121,700 | SH |
| 17 | PFIZER INC | PFE | 717081103 | $114.8M | 1.85% | 4,090,013 | SH |
| 18 | META PLATFORMS INC | META | 30303M102 | $114.8M | 1.85% | 200,645 | SH |
| 19 | CANADIAN NATL RY CO | CNI | 136375102 | $107.9M | 1.74% | 1,051,605 | SH |
| 20 | ILLUMINA INC | ILMN | 452327109 | $105.1M | 1.69% | 852,903 | SH |
| 21 | TOTALENERGIES SE | TTE | F92124100 | $100.8M | 1.62% | 1,081,079 | SH |
| 22 | TELUS CORPORATION | TU | 87971M103 | $95.3M | 1.54% | 7,440,412 | SH |
| 23 | COMPANHIA PARANAENSE DE ENER | ELPC | 20441B704 | $94.5M | 1.52% | 7,912,737 | SH |
| 24 | ADOBE INC | ADBE | 00724F101 | $93.0M | 1.50% | 382,493 | SH |
| 25 | WEST FRASER TIMBER LTD | WFG | 952845105 | $92.3M | 1.49% | 1,417,201 | SH |
| 26 | EASTMAN CHEM CO | EMN | 277432100 | $91.1M | 1.47% | 1,193,346 | SH |
| 27 | GSK PLC | GSK | 37733W204 | $90.8M | 1.46% | 1,644,613 | SH |
| 28 | INTEL CORP | INTC | 458140100 | $89.5M | 1.44% | 2,028,470 | SH |
| 29 | VERIZON COMMUNICATIONS INC | VZ | 92343V104 | $85.5M | 1.38% | 1,702,224 | SH |
| 30 | CAE INC | CAE | 124765108 | $81.0M | 1.31% | 3,122,440 | SH |
| 31 | CVS HEALTH CORP | CVS | 126650100 | $80.1M | 1.29% | 1,114,735 | SH |
| 32 | FEDEX CORP | FDX | 31428X106 | $77.5M | 1.25% | 217,512 | SH |
| 33 | TRUIST FINL CORP | TFC | 89832Q109 | $72.1M | 1.16% | 1,567,796 | SH |
| 34 | COMPANHIA DE SANEAMENTO BASI | SBS | 20441A102 | $71.7M | 1.15% | 2,348,569 | SH |
| 35 | CITIGROUP INC | C | 172967424 | $71.6M | 1.15% | 631,490 | SH |
| 36 | STATE STR CORP | STT | 857477103 | $68.9M | 1.11% | 544,456 | SH |
| 37 | SALESFORCE INC | CRM | 79466L302 | $66.6M | 1.07% | 356,710 | SH |
| 38 | COMCAST CORP NEW | CMCSA | 20030N101 | $65.6M | 1.06% | 2,284,956 | SH |
| 39 | CIRRUS LOGIC INC | CRUS | 172755100 | $65.0M | 1.05% | 449,504 | SH |
| 40 | MICROSOFT CORP | MSFT | 594918104 | $63.3M | 1.02% | 171,013 | SH |
| 41 | ABBVIE INC | ABBV | 00287Y109 | $59.8M | 0.96% | 275,149 | SH |
| 42 | TECK RESOURCES LTD | TECK | 878742204 | $55.9M | 0.90% | 1,082,762 | SH |
| 43 | CONOCOPHILLIPS | COP | 20825C104 | $55.5M | 0.89% | 420,604 | SH |
| 44 | ENERFLEX LTD | EFXT | 29269R105 | $53.8M | 0.87% | 2,580,213 | SH |
| 45 | RESTAURANT BRANDS INTL INC | QSR | 76131D103 | $49.4M | 0.80% | 669,617 | SH |
| 46 | SKYWORKS SOLUTIONS INC | SWKS | 83088M102 | $48.9M | 0.79% | 912,697 | SH |
| 47 | BANK AMERICA CORP | BAC | 060505104 | $47.6M | 0.77% | 975,440 | SH |
| 48 | WELLS FARGO & CO | WFC | 949746101 | $45.7M | 0.74% | 573,819 | SH |
| 49 | CEMEX SA EURO MTN BE 144A | CX | 151290889 | $44.0M | 0.71% | 3,844,250 | SH |
| 50 | MERCK & CO INC | MRK | 58933Y105 | $43.1M | 0.69% | 358,019 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-12 | $6.20B | 101 | 0001297496-26-000005 |
| 2025-12-31 | 2026-02-11 | $6.11B | 100 | 0001297496-26-000003 |
| 2025-09-30 | 2025-11-12 | $5.82B | 98 | 0001297496-25-000024 |
| 2022-12-31 | 2023-02-10 | $5.6M | 97 | 0001297496-23-000006 |
| 2022-09-30 | 2022-11-10 | $5.0M | 101 | 0001297496-22-000010 |