Q1 2026 · 13F-HR
LETKO, BROSSEAU & ASSOCIATES INCholdings as filed
Filed 2026-05-12 · accession 0001297496-26-000005
$6.20B
Reported value
101
Positions
2026-03-31
Period end
The Brief · LETKO, BROSSEAU & ASSOCIATES INC · Q1 2026
AI · grounded in 13F
LETKO, BROSSEAU & ASSOCIATES INC significantly reduced its position in Suncor Energy Inc New SU, trimming shares by 83.8%. The fund aggressively accumulated shares in Microsoft Corp MSFT and Salesforce Inc CRM, increasing those positions by 26,662.6% and 10,391.5% respectively. Other notable activity includes a 35.98% increase in Canadian Natl Ry Co CNI and a 22.08% reduction in Citigroup Inc C.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 775109200 | RCI | ROGERS COMMUNICATIONS INC | $249.6M | 4.02% | 6,511,597 | Common | SOLE |
| 064149107 | BNS | BANK NOVA SCOTIA B C | $242.7M | 3.91% | 3,510,666 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $239.0M | 3.85% | 833,098 | Common | SOLE |
| 891160509 | TD | TORONTO DOMINION BK ONT | $234.2M | 3.78% | 2,516,065 | Common | SOLE |
| 780087102 | RY | ROYAL BK CDA | $229.3M | 3.70% | 1,423,097 | Common | SOLE |
| 559222401 | MGA | MAGNA INTL INC | $219.8M | 3.54% | 3,948,448 | Common | SOLE |
| 063671101 | BMO | BANK MONTREAL MEDIUM | $213.3M | 3.44% | 1,580,030 | Common | SOLE |
| 67077M108 | NTR | NUTRIEN LTD | $207.4M | 3.34% | 2,756,910 | Common | SOLE |
| 56501R106 | MFC | MANULIFE FINL CORP | $207.3M | 3.34% | 6,038,452 | Common | SOLE |
| 866796105 | SLF | SUN LIFE FINANCIAL INC. | $203.9M | 3.29% | 3,264,408 | Common | SOLE |
| 05534B760 | BCE | BCE INC | $190.3M | 3.07% | 7,564,328 | Common | SOLE |
| 683715106 | OTEX | OPEN TEXT CORP | $173.1M | 2.79% | 7,790,553 | Common | SOLE |
| 06849F108 | B | BARRICK MNG CORP | $158.2M | 2.55% | 3,884,565 | Common | SOLE |
| 15135U109 | CVE | CENOVUS ENERGY INC | $151.1M | 2.44% | 5,711,489 | Common | SOLE |
| 136069101 | CM | CANADIAN IMPERIAL BANK OF CO | $147.9M | 2.38% | 1,565,632 | Common | SOLE |
| 00206R102 | T | AT&T INC | $119.5M | 1.93% | 4,121,700 | Common | SOLE |
| 717081103 | PFE | PFIZER INC | $114.8M | 1.85% | 4,090,013 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $114.8M | 1.85% | 200,645 | Common | SOLE |
| 136375102 | CNI | CANADIAN NATL RY CO | $107.9M | 1.74% | 1,051,605 | Common | SOLE |
| 452327109 | ILMN | ILLUMINA INC | $105.1M | 1.69% | 852,903 | Common | SOLE |
| F92124100 | TTE | TOTALENERGIES SE | $100.8M | 1.62% | 1,081,079 | Common | SOLE |
| 87971M103 | TU | TELUS CORPORATION | $95.3M | 1.54% | 7,440,412 | Common | SOLE |
| 20441B704 | ELPC | COMPANHIA PARANAENSE DE ENER | $94.5M | 1.52% | 7,912,737 | Common | SOLE |
| 00724F101 | ADBE | ADOBE INC | $93.0M | 1.50% | 382,493 | Common | SOLE |
| 952845105 | WFG | WEST FRASER TIMBER LTD | $92.3M | 1.49% | 1,417,201 | Common | SOLE |
| 277432100 | EMN | EASTMAN CHEM CO | $91.1M | 1.47% | 1,193,346 | Common | SOLE |
| 37733W204 | GSK | GSK PLC | $90.8M | 1.46% | 1,644,613 | Common | SOLE |
| 458140100 | INTC | INTEL CORP | $89.5M | 1.44% | 2,028,470 | Common | SOLE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS INC | $85.5M | 1.38% | 1,702,224 | Common | SOLE |
| 124765108 | CAE | CAE INC | $81.0M | 1.31% | 3,122,440 | Common | SOLE |
| 126650100 | CVS | CVS HEALTH CORP | $80.1M | 1.29% | 1,114,735 | Common | SOLE |
| 31428X106 | FDX | FEDEX CORP | $77.5M | 1.25% | 217,512 | Common | SOLE |
| 89832Q109 | TFC | TRUIST FINL CORP | $72.1M | 1.16% | 1,567,796 | Common | SOLE |
| 20441A102 | SBS | COMPANHIA DE SANEAMENTO BASI | $71.7M | 1.15% | 2,348,569 | Common | SOLE |
| 172967424 | C | CITIGROUP INC | $71.6M | 1.15% | 631,490 | Common | SOLE |
| 857477103 | STT | STATE STR CORP | $68.9M | 1.11% | 544,456 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $66.6M | 1.07% | 356,710 | Common | SOLE |
| 20030N101 | CMCSA | COMCAST CORP NEW | $65.6M | 1.06% | 2,284,956 | Common | SOLE |
| 172755100 | CRUS | CIRRUS LOGIC INC | $65.0M | 1.05% | 449,504 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $63.3M | 1.02% | 171,013 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $59.8M | 0.96% | 275,149 | Common | SOLE |
| 878742204 | TECK | TECK RESOURCES LTD | $55.9M | 0.90% | 1,082,762 | Common | SOLE |
| 20825C104 | COP | CONOCOPHILLIPS | $55.5M | 0.89% | 420,604 | Common | SOLE |
| 29269R105 | EFXT | ENERFLEX LTD | $53.8M | 0.87% | 2,580,213 | Common | SOLE |
| 76131D103 | QSR | RESTAURANT BRANDS INTL INC | $49.4M | 0.80% | 669,617 | Common | NONE |
| 83088M102 | SWKS | SKYWORKS SOLUTIONS INC | $48.9M | 0.79% | 912,697 | Common | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $47.6M | 0.77% | 975,440 | Common | SOLE |
| 949746101 | WMT2 | WELLS FARGO & CO | $45.7M | 0.74% | 573,819 | Common | SOLE |
| 151290889 | CX | CEMEX SA EURO MTN BE 144A | $44.0M | 0.71% | 3,844,250 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC | $43.1M | 0.69% | 358,019 | Common | SOLE |
| 60770K107 | MRNA | MODERNA INC | $38.0M | 0.61% | 748,815 | Common | SOLE |
| 911312106 | UPS | UNITED PARCEL SVCS INC | $35.6M | 0.57% | 361,555 | Common | SOLE |
| 554382101 | MAC | MACERICH CO | $35.6M | 0.57% | 1,881,745 | Common | SOLE |
| 388689101 | GPK | GRAPHIC PACKAGING HLDG CO | $34.5M | 0.56% | 3,470,560 | Common | SOLE |
| G0084W101 | ADNT | ADIENT PLC | $32.7M | 0.53% | 1,617,406 | Common | SOLE |
| G2519Y108 | BAP | CREDICORP LTD | $32.7M | 0.53% | 96,346 | Common | SOLE |
| G491BT108 | IVZ | INVESCO LTD | $29.1M | 0.47% | 1,198,263 | Common | SOLE |
| 550021109 | LULU | LULULEMON ATHLETICA INC | $28.1M | 0.45% | 183,843 | Common | SOLE |
| 09062X103 | BIIB | BIOGEN INC | $27.7M | 0.45% | 150,865 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORPORATION | $27.3M | 0.44% | 131,760 | Common | SOLE |
| 931142103 | WMT | WALMART INC | $24.8M | 0.40% | 199,426 | Common | SOLE |
| P31076105 | CPA | COPA HOLDINGS SA | $23.0M | 0.37% | 202,803 | Common | SOLE |
| 443628102 | HBM | HUDBAY MINERALS INC | $22.9M | 0.37% | 1,097,248 | Common | SOLE |
| 867224107 | SU | SUNCOR ENERGY INC NEW | $17.7M | 0.29% | 269,162 | Common | SOLE |
| 40415F101 | HDB | HDFC BANK LTD | $8.9M | 0.14% | 356,210 | Common | SOLE |
| 85208T107 | CXM | SPRINKLR INC | $7.5M | 0.12% | 1,246,275 | Common | SOLE |
| 74319B502 | PROF | PROFOUND MED CORP | $6.1M | 0.10% | 953,175 | Common | SOLE |
| 78464A870 | XBI | SPDR SERIES TRUST | $4.2M | 0.07% | 32,825 | Common | SOLE |
| G8267P108 | SW | SMURFIT WESTROCK PLC | $3.8M | 0.06% | 95,909 | Common | SOLE |
| 45104G104 | IBN | ICICI BANK LIMITED | $3.2M | 0.05% | 122,627 | Common | SOLE |
| 808513105 | SCHW | SCHWAB CHARLES CORP | $1.7M | 0.03% | 17,771 | Common | SOLE |
| 456837103 | ING | ING GROEP N.V. | $1.2M | 0.02% | 47,274 | Common | SOLE |
| 706327103 | PBA | PEMBINA PIPELINE CORP | $1.2M | 0.02% | 26,600 | Common | SOLE |
| 35473P769 | FLIN | FRANKLIN TEMPLETON ETF TR | $1.1M | 0.02% | 32,275 | Common | NONE |
| 91912E105 | VALE | VALE S A | $583,102 | 0.01% | 36,650 | Common | SOLE |
| 35671D857 | FCX | FREEPORT MCMORAN INC | $565,758 | 0.01% | 9,625 | Common | SOLE |
| 012653101 | ALB | ALBEMARLE CORP | $444,337 | 0.01% | 2,475 | Common | SOLE |
| 349553107 | FTS | FORTIS INC | $439,339 | 0.01% | 7,900 | Common | SOLE |
| 290876101 | EMA | EMERA INC | $438,432 | 0.01% | 8,485 | Common | SOLE |
| 697947109 | PVLA | PALVELLA THERAPEUTICS INC NE | $436,275 | 0.01% | 3,500 | Common | SOLE |
| 296006109 | ERO | ERO COPPER CORP | $390,476 | 0.01% | 14,700 | Common | SOLE |
| N62509109 | NAMS | NEWAMSTERDAM PHARMA COMPANY | $376,918 | 0.01% | 11,775 | Common | SOLE |
| 29337E102 | ELVN | ENLIVEN THERAPEUTICS INC | $376,320 | 0.01% | 9,600 | Common | SOLE |
| N6596X109 | NXPI | NXP SEMICONDUCTORS N V | $349,427 | 0.01% | 1,775 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $314,016 | 0.01% | 1,092 | Common | SOLE |
| G59665102 | MGTX | MEIRAGTX HLDGS PLC | $277,120 | 0.00% | 32,000 | Common | SOLE |
| H2927K103 | AMRZ | AMRIZE LTD | $267,726 | 0.00% | 4,941 | Common | SOLE |
| 12674W109 | CABA | CABALETTA BIO INC | $243,378 | 0.00% | 90,475 | Common | SOLE |
| 055477103 | BCAX | BICARA THERAPEUTICS INC | $222,271 | 0.00% | 11,175 | Common | SOLE |
| 494368103 | KMB | KIMBERLY-CLARK CORP | $216,093 | 0.00% | 2,240 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $208,896 | 0.00% | 1,420 | Common | SOLE |
| 82835W108 | SPRY | ARS PHARMACEUTICALS INC | $198,341 | 0.00% | 24,700 | Common | SOLE |
| 05153U107 | AURA | AURA BIOSCIENCES INC | $189,327 | 0.00% | 28,300 | Common | SOLE |
| 88032L605 | TENX | TENAX THERAPEUTICS INC | $170,294 | 0.00% | 10,650 | Common | SOLE |
| 03843E104 | AQST | AQUESTIVE THERAPEUTICS INC | $146,599 | 0.00% | 35,325 | Common | SOLE |
| 89854M101 | TCRX | TSCAN THERAPEUTICS INC | $96,834 | 0.00% | 95,875 | Common | SOLE |
| 76029N106 | REPL | REPLIMUNE GROUP INC | $82,620 | 0.00% | 10,800 | Common | SOLE |
| 01438T106 | ALDX | ALDEYRA THERAPEUTICS INC | $29,237 | 0.00% | 17,300 | Common | SOLE |
| 74291D104 | PROK | PROKIDNEY CORP | $28,461 | 0.00% | 15,900 | Common | SOLE |
| 44486Q103 | HUMA | HUMACYTE INC | $27,878 | 0.00% | 45,950 | Common | SOLE |
| 38341P102 | GOSS | GOSSAMER BIO INC | $12,943 | 0.00% | 39,400 | 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.