Q2 2025 · 13F-HR
LETKO, BROSSEAU & ASSOCIATES INCholdings as filed
Filed 2025-08-08 · accession 0001297496-25-000022
$5.23B
Reported value
93
Positions
2025-06-30
Period end
The Brief · LETKO, BROSSEAU & ASSOCIATES INC · Q2 2025
AI · grounded in 13F
LETKO, BROSSEAU & ASSOCIATES INC established a new position in TD valued at $233.8M. The fund also initiated new stakes in BNS for $223.6M and RY for $201M. Additional new positions include BMO at $200.1M, RCI at $199.9M, and MFC at $199.6M. The fund manages a total of 93 positions with $5.2B in assets under management.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 891160509 | TD | TORONTO DOMINION BK ONT | $233.8M | 4.47% | 3,184,648 | Common | SOLE |
| 064149107 | BNS | BANK NOVA SCOTIA HALIFAX | $223.6M | 4.28% | 4,052,095 | Common | SOLE |
| 780087102 | RY | ROYAL BK CDA | $201.0M | 3.85% | 1,528,535 | Common | SOLE |
| 063671101 | BMO | BANK MONTREAL QUE | $200.1M | 3.83% | 1,809,299 | Common | SOLE |
| 775109200 | RCI | ROGERS COMMUNICATIONS INC | $199.9M | 3.82% | 6,753,987 | Common | SOLE |
| 56501R106 | MFC | MANULIFE FINL CORP | $199.6M | 3.82% | 6,254,242 | Common | SOLE |
| 866796105 | SLF | SUN LIFE FINANCIAL INC. | $182.5M | 3.49% | 2,748,794 | Common | SOLE |
| 67077M108 | NTR | NUTRIEN LTD | $171.1M | 3.27% | 2,942,763 | Common | SOLE |
| 683715106 | OTEX | OPEN TEXT CORP | $164.8M | 3.15% | 5,649,818 | Common | SOLE |
| 559222401 | MGA | MAGNA INTL INC | $156.3M | 2.99% | 4,051,430 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $155.2M | 2.97% | 210,251 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $153.8M | 2.94% | 866,925 | Common | SOLE |
| 136069101 | CM | CANADIAN IMPERIAL BK COMM | $138.4M | 2.65% | 1,953,602 | Common | SOLE |
| 05534B760 | BCE | BCE INC | $125.0M | 2.39% | 5,647,934 | Common | SOLE |
| 00206R102 | T | AT&T INC | $120.7M | 2.31% | 4,171,125 | Common | SOLE |
| 87971M103 | TU | TELUS CORPORATION | $105.7M | 2.02% | 6,595,437 | Common | SOLE |
| 06849F108 | B | BARRICK MNG CORP | $104.2M | 1.99% | 5,016,025 | Common | SOLE |
| 124765108 | CAE | CAE INC | $97.2M | 1.86% | 3,323,765 | Common | SOLE |
| 717081103 | PFE | PFIZER INC | $96.6M | 1.85% | 3,985,888 | Common | SOLE |
| 443628102 | HBM | HUDBAY MINERALS INC | $85.4M | 1.63% | 8,062,733 | Common | SOLE |
| 172967424 | C | CITIGROUP INC | $82.9M | 1.59% | 974,477 | Common | SOLE |
| 15135U109 | CVE | CENOVUS ENERGY INC | $82.3M | 1.57% | 6,057,328 | Common | SOLE |
| 952845105 | WFG | WEST FRASER TIMBER CO LTD | $81.9M | 1.57% | 1,118,854 | Common | SOLE |
| 452327109 | ILMN | ILLUMINA INC | $81.4M | 1.56% | 853,568 | Common | SOLE |
| 867224107 | SU | SUNCOR ENERGY INC NEW | $78.0M | 1.49% | 2,085,227 | Common | SOLE |
| 126650100 | CVS | CVS HEALTH CORP | $76.7M | 1.47% | 1,112,085 | Common | SOLE |
| 857477103 | STT | STATE STR CORP | $73.5M | 1.41% | 691,061 | Common | SOLE |
| 89832Q109 | TFC | TRUIST FINL CORP | $71.9M | 1.38% | 1,672,481 | Common | SOLE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS INC | $71.4M | 1.37% | 1,650,643 | Common | SOLE |
| 458140100 | INTC | INTEL CORP | $66.8M | 1.28% | 2,981,545 | Common | SOLE |
| 20030N101 | CMCSA | COMCAST CORP NEW | $65.2M | 1.25% | 1,827,581 | Common | SOLE |
| 00724F101 | ADBE | ADOBE INC | $64.7M | 1.24% | 167,255 | Common | SOLE |
| 37733W204 | GSK | GSK PLC | $63.8M | 1.22% | 1,661,268 | Common | SOLE |
| 277432100 | EMN | EASTMAN CHEM CO | $63.5M | 1.21% | 850,596 | Common | SOLE |
| 20441B605 | ELP1 | COMPANHIA PARANAENSE DE ENER | $61.2M | 1.17% | 6,704,446 | Common | SOLE |
| 375558103 | GILD | GILEAD SCIENCES INC | $59.2M | 1.13% | 533,520 | Common | SOLE |
| 878742204 | TECK | TECK RESOURCES LTD | $58.5M | 1.12% | 1,450,103 | Common | SOLE |
| 83088M102 | SWKS | SKYWORKS SOLUTIONS INC | $57.4M | 1.10% | 769,616 | Common | SOLE |
| 949746101 | WMT2 | WELLS FARGO CO NEW | $55.6M | 1.06% | 694,154 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $55.1M | 1.05% | 296,984 | Common | SOLE |
| 20441A102 | SBS | COMPANHIA DE SANEAMENTO BASI | $49.5M | 0.95% | 2,253,589 | Common | SOLE |
| 31428X106 | FDX | FEDEX CORP | $47.5M | 0.91% | 208,982 | Common | SOLE |
| 172755100 | CRUS | CIRRUS LOGIC INC | $46.8M | 0.90% | 449,054 | Common | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $46.7M | 0.89% | 987,262 | Common | SOLE |
| 780259305 | SHEL | SHELL PLC | $44.8M | 0.86% | 635,852 | Common | SOLE |
| 29269R105 | EFXT | ENERFLEX LTD | $39.8M | 0.76% | 5,055,911 | Common | SOLE |
| 931142103 | WMT | WALMART INC | $39.7M | 0.76% | 406,121 | Common | SOLE |
| 20825C104 | COP | CONOCOPHILLIPS | $38.2M | 0.73% | 425,685 | Common | SOLE |
| 388689101 | GPK | GRAPHIC PACKAGING HLDG CO | $32.7M | 0.63% | 1,552,760 | Common | SOLE |
| 76131D103 | QSR | RESTAURANT BRANDS INTL INC | $31.3M | 0.60% | 472,917 | Common | SOLE |
| G0084W101 | ADNT | ADIENT PLC | $28.8M | 0.55% | 1,481,963 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC | $27.5M | 0.53% | 347,289 | Common | SOLE |
| 554382101 | MAC | MACERICH CO | $27.0M | 0.52% | 1,670,295 | Common | SOLE |
| 151290889 | CX | CEMEX SAB DE CV | $25.9M | 0.49% | 3,730,300 | Common | SOLE |
| 60770K107 | MRNA | MODERNA INC | $25.3M | 0.48% | 918,190 | Common | SOLE |
| G491BT108 | IVZ | INVESCO LTD | $25.3M | 0.48% | 1,602,438 | Common | SOLE |
| G2519Y108 | BAP | CREDICORP LTD | $21.7M | 0.41% | 96,946 | Common | SOLE |
| P31076105 | CPA | COPA HOLDINGS SA | $20.5M | 0.39% | 186,803 | Common | SOLE |
| 42809H107 | HES | HESS CORP | $18.2M | 0.35% | 131,417 | Common | SOLE |
| 550021109 | LULU | LULULEMON ATHLETICA INC | $15.7M | 0.30% | 66,284 | Common | SOLE |
| 45104G104 | IBN | ICICI BANK LIMITED | $15.7M | 0.30% | 467,102 | Common | SOLE |
| 85208T107 | CXM | SPRINKLR INC | $14.9M | 0.28% | 1,760,500 | Common | SOLE |
| 09062X103 | BIIB | BIOGEN INC | $14.8M | 0.28% | 117,655 | Common | SOLE |
| H2927K103 | AMRZ | AMRIZE LTD | $13.6M | 0.26% | 274,148 | Common | SOLE |
| 74319B502 | PROF | PROFOUND MED CORP | $7.1M | 0.14% | 1,204,250 | Common | NONE |
| 40415F101 | HDB | HDFC BANK LTD | $4.5M | 0.09% | 58,980 | Common | SOLE |
| G8267P108 | SW | SMURFIT WESTROCK PLC | $3.9M | 0.07% | 90,450 | Common | SOLE |
| 78464A870 | XBI | SPDR SERIES TRUST | $3.2M | 0.06% | 38,325 | Common | SOLE |
| 808513105 | SCHW | SCHWAB CHARLES CORP | $1.8M | 0.03% | 19,746 | Common | SOLE |
| 456837103 | ING | ING GROEP N.V. | $1.1M | 0.02% | 49,459 | Common | SOLE |
| 35473P769 | FLIN | FRANKLIN TEMPLETON ETF TR | $835,434 | 0.02% | 20,975 | Common | NONE |
| 68389X105 | ORCL | ORACLE CORP | $676,660 | 0.01% | 3,095 | Common | SOLE |
| 911312106 | UPS | UNITED PARCEL SERVICE INC | $620,781 | 0.01% | 6,150 | Common | SOLE |
| 20441B704 | ELPC | COMPANHIA PARANAENSE DE ENER | $580,263 | 0.01% | 68,106 | Common | SOLE |
| 706327103 | PBA | PEMBINA PIPELINE CORP | $482,447 | 0.01% | 12,875 | Common | SOLE |
| 82835W108 | SPRY | ARS PHARMACEUTICALS INC | $431,015 | 0.01% | 24,700 | Common | SOLE |
| 830566105 | SKAA | SKECHERS U S A INC | $424,348 | 0.01% | 6,725 | Common | SOLE |
| 349553107 | FTS | FORTIS INC | $405,035 | 0.01% | 8,500 | Common | SOLE |
| 290876101 | EMA | EMERA INC | $387,903 | 0.01% | 8,485 | Common | SOLE |
| N6596X109 | NXPI | NXP SEMICONDUCTORS N V | $387,820 | 0.01% | 1,775 | Common | SOLE |
| 91912E105 | VALE | VALE S A | $355,872 | 0.01% | 36,650 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $317,348 | 0.01% | 638 | Common | SOLE |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $300,199 | 0.01% | 6,925 | Common | SOLE |
| G59665102 | MGTX | MEIRAGTX HLDGS PLC | $295,356 | 0.01% | 45,300 | Common | SOLE |
| 296006109 | ERO | ERO COPPER CORP | $244,412 | 0.00% | 14,500 | Common | SOLE |
| 603170101 | MLYS | MINERALYS THERAPEUTICS INC | $223,245 | 0.00% | 16,500 | Common | SOLE |
| N62509109 | NAMS | NEWAMSTERDAM PHARMA COMPANY | $213,245 | 0.00% | 11,775 | Common | SOLE |
| 89854M101 | TCRX | TSCAN THERAPEUTICS INC | $139,019 | 0.00% | 95,875 | Common | SOLE |
| 05153U107 | AURA | AURA BIOSCIENCES INC | $132,712 | 0.00% | 21,200 | Common | SOLE |
| 282559103 | ETNBGBP | 89BIO INC | $105,074 | 0.00% | 10,700 | Common | SOLE |
| 76029N106 | REPL | REPLIMUNE GROUP INC | $100,332 | 0.00% | 10,800 | Common | SOLE |
| 44486Q103 | HUMA | HUMACYTE INC | $96,036 | 0.00% | 45,950 | Common | SOLE |
| 01438T106 | ALDX | ALDEYRA THERAPEUTICS INC | $66,259 | 0.00% | 17,300 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.