Q3 2025 · 13F-HR
LETKO, BROSSEAU & ASSOCIATES INCholdings as filed
Filed 2025-11-12 · accession 0001297496-25-000024
$5.82B
Reported value
98
Positions
2025-09-30
Period end
The Brief · LETKO, BROSSEAU & ASSOCIATES INC · Q3 2025
AI · grounded in 13F
LETKO, BROSSEAU & ASSOCIATES INC established a new position in BNS valued at $257.4M. The fund also initiated new stakes in TD for $242.5M and BMO for $231.3M. Additional new positions include RCI at $230.4M, RY at $221.3M, and OTEX at $211.4M. Total assets under management stand at $5.8B across 98 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 064149107 | BNS | BANK NOVA SCOTIA HALIFAX | $257.4M | 4.42% | 3,980,065 | Common | SOLE |
| 891160509 | TD | TORONTO DOMINION BK ONT | $242.5M | 4.16% | 3,032,023 | Common | SOLE |
| 063671101 | BMO | BANK MONTREAL QUE | $231.3M | 3.97% | 1,774,869 | Common | SOLE |
| 775109200 | RCI | ROGERS COMMUNICATIONS INC | $230.4M | 3.96% | 6,691,022 | Common | SOLE |
| 780087102 | RY | ROYAL BK CDA | $221.3M | 3.80% | 1,501,190 | Common | SOLE |
| 683715106 | OTEX | OPEN TEXT CORP | $211.4M | 3.63% | 5,653,268 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $208.9M | 3.59% | 857,620 | Common | SOLE |
| 559222401 | MGA | MAGNA INTL INC | $195.4M | 3.36% | 4,124,045 | Common | SOLE |
| 56501R106 | MFC | MANULIFE FINL CORP | $193.7M | 3.33% | 6,214,467 | Common | SOLE |
| 866796105 | SLF | SUN LIFE FINANCIAL INC. | $191.9M | 3.30% | 3,195,004 | Common | SOLE |
| 67077M108 | NTR | NUTRIEN LTD | $171.2M | 2.94% | 2,915,069 | Common | SOLE |
| 05534B760 | BCE | BCE INC | $164.7M | 2.83% | 7,045,751 | Common | SOLE |
| 06849F108 | B | BARRICK MNG CORP | $161.0M | 2.76% | 4,900,075 | Common | SOLE |
| 136069101 | CM | CANADIAN IMPERIAL BANK OF CO | $151.2M | 2.60% | 1,891,602 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $145.8M | 2.50% | 198,596 | Common | SOLE |
| 00206R102 | T | AT&T INC | $115.9M | 1.99% | 4,103,475 | Common | SOLE |
| 87971M103 | TU | TELUS CORPORATION | $104.4M | 1.79% | 6,627,062 | Common | SOLE |
| 717081103 | PFE | PFIZER INC | $102.9M | 1.77% | 4,038,438 | Common | SOLE |
| 15135U109 | CVE | CENOVUS ENERGY INC | $102.0M | 1.75% | 6,005,443 | Common | SOLE |
| 458140100 | INTC | INTEL CORP | $101.5M | 1.74% | 3,024,170 | Common | SOLE |
| 124765108 | CAE | CAE INC | $96.3M | 1.65% | 3,251,140 | Common | SOLE |
| 867224107 | SU | SUNCOR ENERGY INC NEW | $86.5M | 1.49% | 2,067,377 | Common | SOLE |
| 126650100 | CVS | CVS HEALTH CORP | $84.1M | 1.44% | 1,115,585 | Common | SOLE |
| 172967424 | C | CITIGROUP INC | $83.4M | 1.43% | 821,495 | Common | SOLE |
| 00724F101 | ADBE | ADOBE INC | $83.3M | 1.43% | 236,110 | Common | SOLE |
| 452327109 | ILMN | ILLUMINA INC | $81.1M | 1.39% | 854,318 | Common | SOLE |
| 857477103 | STT | STATE STR CORP | $79.1M | 1.36% | 682,126 | Common | SOLE |
| 952845105 | WFG | WEST FRASER TIMBER CO LTD | $78.1M | 1.34% | 1,149,169 | Common | SOLE |
| 89832Q109 | TFC | TRUIST FINL CORP | $76.1M | 1.31% | 1,664,556 | Common | SOLE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS INC | $72.9M | 1.25% | 1,657,716 | Common | SOLE |
| 37733W204 | GSK | GSK PLC | $72.3M | 1.24% | 1,675,968 | Common | SOLE |
| 277432100 | EMN | EASTMAN CHEM CO | $71.4M | 1.23% | 1,132,471 | Common | SOLE |
| 20030N101 | CMCSA | COMCAST CORP NEW | $68.0M | 1.17% | 2,163,246 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $67.4M | 1.16% | 290,909 | Common | SOLE |
| 20441B605 | ELP1 | COMPANHIA PARANAENSE DE ENER | $65.6M | 1.13% | 6,696,046 | Common | SOLE |
| 878742204 | TECK | TECK RESOURCES LTD | $63.1M | 1.08% | 1,438,342 | Common | SOLE |
| 83088M102 | SWKS | SKYWORKS SOLUTIONS INC | $60.2M | 1.03% | 781,697 | Common | SOLE |
| 949746101 | WMT2 | WELLS FARGO CO NEW | $57.1M | 0.98% | 681,494 | Common | SOLE |
| 172755100 | CRUS | CIRRUS LOGIC INC | $56.6M | 0.97% | 452,079 | Common | SOLE |
| 20441A102 | SBS | COMPANHIA DE SANEAMENTO BASI | $56.0M | 0.96% | 2,248,029 | Common | SOLE |
| 29269R105 | EFXT | ENERFLEX LTD | $53.7M | 0.92% | 4,974,436 | Common | SOLE |
| 443628102 | HBM | HUDBAY MINERALS INC | $53.5M | 0.92% | 3,531,808 | Common | SOLE |
| 31428X106 | FDX | FEDEX CORP | $51.1M | 0.88% | 216,737 | Common | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $50.8M | 0.87% | 985,170 | Common | SOLE |
| 375558103 | GILD | GILEAD SCIENCES INC | $47.0M | 0.81% | 423,520 | Common | SOLE |
| 780259305 | SHEL | SHELL PLC | $45.4M | 0.78% | 634,977 | Common | SOLE |
| 931142103 | WMT | WALMART INC | $40.9M | 0.70% | 396,511 | Common | SOLE |
| 388689101 | GPK | GRAPHIC PACKAGING HLDG CO | $40.6M | 0.70% | 2,074,935 | Common | SOLE |
| 20825C104 | COP | CONOCOPHILLIPS | $40.2M | 0.69% | 425,194 | Common | SOLE |
| 76131D103 | QSR | RESTAURANT BRANDS INTL INC | $38.5M | 0.66% | 600,517 | Common | SOLE |
| G491BT108 | IVZ | INVESCO LTD | $36.7M | 0.63% | 1,601,138 | Common | SOLE |
| G0084W101 | ADNT | ADIENT PLC | $36.0M | 0.62% | 1,496,836 | Common | SOLE |
| 550021109 | LULU | LULULEMON ATHLETICA INC | $34.5M | 0.59% | 193,634 | Common | SOLE |
| 554382101 | MAC | MACERICH CO | $33.4M | 0.57% | 1,837,120 | Common | SOLE |
| 151290889 | CX | CEMEX SAB DE CV | $33.2M | 0.57% | 3,697,525 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC | $29.7M | 0.51% | 353,989 | Common | SOLE |
| 911312106 | UPS | UNITED PARCEL SERVICE INC | $28.4M | 0.49% | 340,075 | Common | SOLE |
| G2519Y108 | BAP | CREDICORP LTD | $25.9M | 0.44% | 97,271 | Common | SOLE |
| 60770K107 | MRNA | MODERNA INC | $23.6M | 0.41% | 913,390 | Common | SOLE |
| P31076105 | CPA | COPA HOLDINGS SA | $22.3M | 0.38% | 187,753 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORP NEW | $20.7M | 0.36% | 133,429 | Common | SOLE |
| 09062X103 | BIIB | BIOGEN INC | $16.9M | 0.29% | 120,620 | Common | SOLE |
| 45104G104 | IBN | ICICI BANK LIMITED | $13.2M | 0.23% | 437,752 | Common | SOLE |
| 85208T107 | CXM | SPRINKLR INC | $13.1M | 0.23% | 1,699,575 | Common | SOLE |
| 74319B502 | PROF | PROFOUND MED CORP | $4.8M | 0.08% | 986,250 | Common | SOLE |
| 40415F101 | HDB | HDFC BANK LTD | $4.4M | 0.08% | 130,260 | Common | SOLE |
| G8267P108 | SW | SMURFIT WESTROCK PLC | $3.9M | 0.07% | 91,484 | Common | SOLE |
| 78464A870 | XBI | SPDR SERIES TRUST | $3.5M | 0.06% | 35,325 | Common | SOLE |
| 808513105 | SCHW | SCHWAB CHARLES CORP | $1.9M | 0.03% | 19,746 | Common | SOLE |
| 456837103 | ING | ING GROEP N.V. | $1.3M | 0.02% | 49,125 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $1.2M | 0.02% | 6,250 | Common | SOLE |
| 35473P769 | FLIN | FRANKLIN TEMPLETON ETF TR | $826,906 | 0.01% | 22,175 | Common | NONE |
| 68389X105 | ORCL | ORACLE CORP | $680,601 | 0.01% | 2,420 | Common | SOLE |
| 706327103 | PBA | PEMBINA PIPELINE CORP | $592,465 | 0.01% | 14,650 | Common | SOLE |
| 20441B704 | ELPC | COMPANHIA PARANAENSE DE ENER | $589,174 | 0.01% | 65,756 | Common | SOLE |
| 290876101 | EMA | EMERA INC | $407,175 | 0.01% | 8,485 | Common | SOLE |
| N6596X109 | NXPI | NXP SEMICONDUCTORS N V | $404,221 | 0.01% | 1,775 | Common | SOLE |
| 349553107 | FTS | FORTIS INC | $400,791 | 0.01% | 7,900 | Common | SOLE |
| 91912E105 | VALE | VALE S A | $398,019 | 0.01% | 36,650 | Common | SOLE |
| 296006109 | ERO | ERO COPPER CORP | $364,683 | 0.01% | 18,000 | Common | SOLE |
| N62509109 | NAMS | NEWAMSTERDAM PHARMA COMPANY | $334,881 | 0.01% | 11,775 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $330,452 | 0.01% | 638 | Common | SOLE |
| 697947109 | PVLA | PALVELLA THERAPEUTICS INC NE | $325,988 | 0.01% | 5,200 | Common | SOLE |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $271,599 | 0.00% | 6,925 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $265,465 | 0.00% | 1,092 | Common | SOLE |
| G59665102 | MGTX | MEIRAGTX HLDGS PLC | $263,360 | 0.00% | 32,000 | Common | SOLE |
| H2927K103 | AMRZ | AMRIZE LTD | $256,496 | 0.00% | 5,316 | Common | SOLE |
| 82835W108 | SPRY | ARS PHARMACEUTICALS INC | $248,235 | 0.00% | 24,700 | Common | SOLE |
| 603170101 | MLYS | MINERALYS THERAPEUTICS INC | $207,612 | 0.00% | 5,475 | Common | SOLE |
| 012653101 | ALB | ALBEMARLE CORP | $200,673 | 0.00% | 2,475 | Common | SOLE |
| 05153U107 | AURA | AURA BIOSCIENCES INC | $174,894 | 0.00% | 28,300 | Common | SOLE |
| 89854M101 | TCRX | TSCAN THERAPEUTICS INC | $174,493 | 0.00% | 95,875 | Common | SOLE |
| 282559103 | ETNBGBP | 89BIO INC | $157,290 | 0.00% | 10,700 | Common | SOLE |
| 38341P102 | GOSS | GOSSAMER BIO INC | $103,622 | 0.00% | 39,400 | Common | SOLE |
| 01438T106 | ALDX | ALDEYRA THERAPEUTICS INC | $90,306 | 0.00% | 17,300 | Common | SOLE |
| 44486Q103 | HUMA | HUMACYTE INC | $79,953 | 0.00% | 45,950 | Common | SOLE |
| 76029N106 | REPL | REPLIMUNE GROUP INC | $45,252 | 0.00% | 10,800 | Common | SOLE |
| 74291D104 | PROK | PROKIDNEY CORP | $38,478 | 0.00% | 15,900 | 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.