Institutional
LETKO, BROSSEAU & ASSOCIATES INC
CIK 0001297496
$6.20B
Reported AUM
101
Positions
Q1 2026
Period
2026-05-12
Filed
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.
Portfolio · Q1 2026
Top holdings
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | RCI | ROGERS COMMUNICATIONS INC | $34.82 | 0.20% | 6.16% | -18.83% | $249.6M | 4.02% | — | HELD |
| 2 | BNS | BANK NOVA SCOTIA B C | $86.04 | -2.60% | 56.64% | 77.46% | $242.7M | 3.91% | — | HELD |
| 3 | GOOG | ALPHABET INC | $335.76 | 0.95% | 75.60% | 130.67% | $239.0M | 3.85% | — | HELD |
| 4 | TD | TORONTO DOMINION BK ONT | $116.99 | -2.84% | 63.61% | 119.19% | $234.2M | 3.78% | — | HELD |
| 5 | RY | ROYAL BK CDA | $206.45 | -2.79% | 62.59% | 136.99% | $229.3M | 3.70% | — | HELD |
| 6 | MGA | MAGNA INTL INC | $69.10 | 0.12% | 73.04% | 3.67% | $219.8M | 3.54% | — | HELD |
| 7 | BMO | BANK MONTREAL MEDIUM | $175.29 | -2.96% | 59.46% | 112.37% | $213.3M | 3.44% | — | HELD |
| 8 | NTR | NUTRIEN LTD | $70.59 | 1.63% | 21.22% | 33.77% | $207.4M | 3.34% | — | HELD |
| 9 | MFC | MANULIFE FINL CORP | $43.92 | -1.61% | 47.03% | 177.85% | $207.3M | 3.34% | — | HELD |
| 10 | SLF | SUN LIFE FINANCIAL INC. | $82.27 | -2.14% | 42.07% | 96.14% | $203.9M | 3.29% | — | HELD |
| 11 | BCE | BCE INC | $22.33 | 2.38% | -2.56% | -41.37% | $190.3M | 3.07% | — | HELD |
| 12 | OTEX | OPEN TEXT CORP | $25.88 | 4.40% | -9.19% | -47.40% | $173.1M | 2.79% | — | HELD |
| 13 | B | BARRICK MNG CORP | $36.36 | -0.90% | 74.03% | 106.25% | $158.2M | 2.55% | — | HELD |
| 14 | CVE | CENOVUS ENERGY INC | $29.07 | 5.10% | 99.31% | 293.79% | $151.1M | 2.44% | — | HELD |
| 15 | CM | CANADIAN IMPERIAL BANK OF CO | $116.23 | -3.00% | 64.35% | 149.04% | $147.9M | 2.38% | — | HELD |
| 16 | T | AT&T INC | $23.94 | -2.92% | -7.83% | 59.47% | $119.5M | 1.93% | — | HELD |
| 17 | PFE | PFIZER INC | $25.15 | -0.40% | 15.03% | -28.59% | $114.8M | 1.85% | — | HELD |
| 18 | META | META PLATFORMS INC | $585.61 | -1.31% | -20.62% | 57.79% | $114.8M | 1.85% | — | HELD |
| 19 | CNI | CANADIAN NATL RY CO | $129.84 | 0.25% | 42.07% | 21.43% | $107.9M | 1.74% | — | HELD |
| 20 | ILMN | ILLUMINA INC | $194.82 | 0.95% | 105.81% | -56.19% | $105.1M | 1.69% | — | HELD |
| 21 | TTE | TOTALENERGIES SE | $86.75 | 3.05% | 52.95% | 158.27% | $100.8M | 1.62% | — | HELD |
| 22 | TU | TELUS CORPORATION | $11.13 | 4.12% | -28.14% | -38.83% | $95.3M | 1.54% | — | HELD |
| 23 | ELPC | COMPANHIA PARANAENSE DE ENER | $11.41 | -1.81% | 45.40% | 73.72% | $94.5M | 1.52% | — | HELD |
| 24 | ADBE | ADOBE INC | $263.43 | 5.72% | -24.43% | -60.40% | $93.0M | 1.50% | — | HELD |
| 25 | WFG | WEST FRASER TIMBER LTD | $66.53 | -1.35% | -3.76% | -7.68% | $92.3M | 1.49% | — | HELD |
| 26 | EMN | EASTMAN CHEM CO | $67.28 | -1.26% | 20.14% | -28.35% | $91.1M | 1.47% | — | HELD |
| 27 | GSK | GSK PLC | $53.22 | -0.91% | 48.35% | 59.96% | $90.8M | 1.46% | — | HELD |
| 28 | INTC | INTEL CORP | $81.88 | -5.12% | 324.03% | 64.44% | $89.5M | 1.44% | — | HELD |
| 29 | VZ | VERIZON COMMUNICATIONS INC | $47.22 | -2.01% | 20.06% | 20.19% | $85.5M | 1.38% | — | HELD |
| 30 | CAE | CAE INC | $26.23 | -0.49% | -7.41% | -9.05% | $81.0M | 1.31% | — | HELD |
| 31 | CVS | CVS HEALTH CORP | $105.92 | -3.13% | — | — | $80.1M | 1.29% | — | HELD |
| 32 | FDX | FEDEX CORP | $308.61 | -1.29% | — | — | $77.5M | 1.25% | — | HELD |
| 33 | TFC | TRUIST FINL CORP | $52.31 | -1.28% | — | — | $72.1M | 1.16% | — | HELD |
| 34 | SBS | COMPANHIA DE SANEAMENTO BASI | $5.26 | -4.71% | — | — | $71.7M | 1.15% | — | HELD |
| 35 | C | CITIGROUP INC | $127.13 | -4.03% | — | — | $71.6M | 1.15% | — | HELD |
| 36 | STT | STATE STR CORP | $176.04 | -3.58% | — | — | $68.9M | 1.11% | — | HELD |
| 37 | CRM | SALESFORCE INC | $188.38 | 3.79% | — | — | $66.6M | 1.07% | — | HELD |
| 38 | CMCSA | COMCAST CORP NEW | $24.61 | 1.74% | — | — | $65.6M | 1.06% | — | HELD |
| 39 | CRUS | CIRRUS LOGIC INC | $134.07 | -1.53% | — | — | $65.0M | 1.05% | — | HELD |
| 40 | MSFT | MICROSOFT CORP | $390.54 | -0.71% | — | — | $63.3M | 1.02% | — | HELD |
| 41 | ABBV | ABBVIE INC | $263.30 | 0.04% | — | — | $59.8M | 0.96% | — | HELD |
| 42 | TECK | TECK RESOURCES LTD | $57.48 | -1.96% | — | — | $55.9M | 0.90% | — | HELD |
| 43 | COP | CONOCOPHILLIPS | $118.06 | 3.47% | — | — | $55.5M | 0.89% | — | HELD |
| 44 | EFXT | ENERFLEX LTD | $21.13 | -2.49% | — | — | $53.8M | 0.87% | — | HELD |
| 45 | QSR | RESTAURANT BRANDS INTL INC | $75.52 | 0.87% | — | — | $49.4M | 0.80% | — | HELD |
| 46 | SWKS | SKYWORKS SOLUTIONS INC | $61.19 | -5.40% | — | — | $48.9M | 0.79% | — | HELD |
| 47 | BAC | BANK AMERICA CORP | $61.07 | -2.48% | — | — | $47.6M | 0.77% | — | HELD |
| 48 | WMT2 | WELLS FARGO & CO | — | — | — | — | $45.7M | 0.74% | — | HELD |
| 49 | CX | CEMEX SA EURO MTN BE 144A | $11.70 | -2.50% | — | — | $44.0M | 0.71% | — | HELD |
| 50 | MRK | MERCK & CO INC | $130.36 | -1.11% | — | — | $43.1M | 0.69% | — | HELD |
| 51 | MRNA | MODERNA INC | $54.49 | -2.36% | — | — | $38.0M | 0.61% | — | HELD |
| 52 | UPS | UNITED PARCEL SVCS INC | $104.56 | -0.92% | — | — | $35.6M | 0.57% | — | HELD |
| 53 | MAC | MACERICH CO | $26.09 | -1.58% | — | — | $35.6M | 0.57% | — | HELD |
| 54 | GPK | GRAPHIC PACKAGING HLDG CO | $11.33 | -2.75% | — | — | $34.5M | 0.56% | — | HELD |
| 55 | ADNT | ADIENT PLC | $21.58 | -0.19% | — | — | $32.7M | 0.53% | — | HELD |
| 56 | BAP | CREDICORP LTD | $383.93 | -1.29% | — | — | $32.7M | 0.53% | — | HELD |
| 57 | IVZ | INVESCO LTD | $28.07 | -4.62% | — | — | $29.1M | 0.47% | — | HELD |
| 58 | LULU | LULULEMON ATHLETICA INC | $119.03 | -1.07% | — | — | $28.1M | 0.45% | — | HELD |
| 59 | BIIB | BIOGEN INC | $209.23 | 1.76% | — | — | $27.7M | 0.45% | — | HELD |
| 60 | CVX | CHEVRON CORPORATION | $191.86 | 2.28% | — | — | $27.3M | 0.44% | — | HELD |
| 61 | WMT | WALMART INC | $114.22 | 0.99% | — | — | $24.8M | 0.40% | — | HELD |
| 62 | CPA | COPA HOLDINGS SA | $136.28 | -2.66% | — | — | $23.0M | 0.37% | — | HELD |
| 63 | HBM | HUDBAY MINERALS INC | $21.98 | 0.92% | — | — | $22.9M | 0.37% | — | HELD |
| 64 | SU | SUNCOR ENERGY INC NEW | $65.80 | 2.97% | — | — | $17.7M | 0.29% | — | HELD |
| 65 | HDB | HDFC BANK LTD | $24.03 | 1.91% | — | — | $8.9M | 0.14% | — | HELD |
| 66 | CXM | SPRINKLR INC | $6.45 | 2.22% | — | — | $7.5M | 0.12% | — | HELD |
| 67 | PROF | PROFOUND MED CORP | $7.24 | -0.14% | — | — | $6.1M | 0.10% | — | HELD |
| 68 | XBI | SPDR SERIES TRUST | $147.91 | -1.25% | — | — | $4.2M | 0.07% | — | HELD |
| 69 | SW | SMURFIT WESTROCK PLC | $48.26 | -5.00% | — | — | $3.8M | 0.06% | — | HELD |
| 70 | IBN | ICICI BANK LIMITED | $29.76 | -1.65% | — | — | $3.2M | 0.05% | — | HELD |
| 71 | SCHW | SCHWAB CHARLES CORP | $104.47 | -1.42% | — | — | $1.7M | 0.03% | — | HELD |
| 72 | ING | ING GROEP N.V. | $32.51 | -2.31% | — | — | $1.2M | 0.02% | — | HELD |
| 73 | PBA | PEMBINA PIPELINE CORP | $50.41 | 1.02% | — | — | $1.2M | 0.02% | — | HELD |
| 74 | FLIN | FRANKLIN TEMPLETON ETF TR | $35.29 | -0.42% | — | — | $1.1M | 0.02% | — | HELD |
| 75 | VALE | VALE S A | $14.65 | -0.34% | — | — | $583K | 0.01% | — | HELD |
| 76 | FCX | FREEPORT MCMORAN INC | $59.99 | -2.68% | — | — | $566K | 0.01% | — | HELD |
| 77 | ALB | ALBEMARLE CORP | $113.88 | 0.64% | — | — | $444K | 0.01% | — | HELD |
| 78 | FTS | FORTIS INC | $57.56 | -1.34% | — | — | $439K | 0.01% | — | HELD |
| 79 | EMA | EMERA INC | $54.02 | -0.81% | — | — | $438K | 0.01% | — | HELD |
| 80 | PVLA | PALVELLA THERAPEUTICS INC NE | $142.60 | -0.17% | — | — | $436K | 0.01% | — | HELD |
| 81 | ERO | ERO COPPER CORP | $25.28 | -1.25% | — | — | $390K | 0.01% | — | HELD |
| 82 | NAMS | NEWAMSTERDAM PHARMA COMPANY | $27.91 | -0.25% | — | — | $377K | 0.01% | — | HELD |
| 83 | ELVN | ENLIVEN THERAPEUTICS INC | $52.97 | -1.47% | — | — | $376K | 0.01% | — | HELD |
| 84 | NXPI | NXP SEMICONDUCTORS N V | $240.98 | -7.00% | — | — | $349K | 0.01% | — | HELD |
| 85 | GOOGL | ALPHABET INC | $336.71 | 0.90% | — | — | $314K | 0.01% | — | HELD |
| 86 | MGTX | MEIRAGTX HLDGS PLC | $11.62 | -1.69% | — | — | $277K | 0.00% | — | HELD |
| 87 | AMRZ | AMRIZE LTD | $49.46 | -1.81% | — | — | $268K | 0.00% | — | HELD |
| 88 | CABA | CABALETTA BIO INC | $2.62 | -4.03% | — | — | $243K | 0.00% | — | HELD |
| 89 | BCAX | BICARA THERAPEUTICS INC | $25.89 | -3.68% | — | — | $222K | 0.00% | — | HELD |
| 90 | KMB | KIMBERLY-CLARK CORP | $113.21 | 0.11% | — | — | $216K | 0.00% | — | HELD |
| 91 | ORCL | ORACLE CORP | $117.74 | -1.85% | — | — | $209K | 0.00% | — | HELD |
| 92 | SPRY | ARS PHARMACEUTICALS INC | $5.83 | 2.82% | — | — | $198K | 0.00% | — | HELD |
| 93 | AURA | AURA BIOSCIENCES INC | $7.01 | -0.57% | — | — | $189K | 0.00% | — | HELD |
| 94 | TENX | TENAX THERAPEUTICS INC | $14.82 | -6.20% | — | — | $170K | 0.00% | — | HELD |
| 95 | AQST | AQUESTIVE THERAPEUTICS INC | $3.60 | -4.26% | — | — | $147K | 0.00% | — | HELD |
| 96 | TCRX | TSCAN THERAPEUTICS INC | $0.74 | -4.13% | — | — | $97K | 0.00% | — | HELD |
| 97 | REPL | REPLIMUNE GROUP INC | $5.41 | 1.12% | — | — | $83K | 0.00% | — | HELD |
| 98 | ALDX | ALDEYRA THERAPEUTICS INC | $1.61 | 1.90% | — | — | $29K | 0.00% | — | HELD |
| 99 | PROK | PROKIDNEY CORP | $1.54 | 0.00% | — | — | $28K | 0.00% | — | HELD |
| 100 | HUMA | HUMACYTE INC | $0.62 | -0.95% | — | — | $28K | 0.00% | — | HELD |
| 101 | GOSS | GOSSAMER BIO INC | — | — | — | — | $13K | 0.00% | — | HELD |
Source: SEC EDGAR · accession 0001297496-26-000005. 13F discloses long positions only — shorts, foreign equities, and options are excluded.