LETKO, BROSSEAU & ASSOCIATES INC
SEC Form 13F institutional filer · CIK 0001297496
13F-HR · 36 reported holdings · 2026-03-31
SEC-registered institutional investment manager.
Reported long-US-equity value
$1.87B
Top-10 concentration
58.0%
LETKO, BROSSEAU & ASSOCIATES INC — $1.87B AUM allocation strategy
LETKO, BROSSEAU & ASSOCIATES INC files SEC Form 13F and reports $1.87B of long US equity value across 36 reported holdings for 2026-03-31.
Its largest sector bet is Communication Services 33.4%, followed by Information Technology 19.3% and Health Care 15.9%.
The top 10 holdings account for 58% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
LETKO, BROSSEAU & ASSOCIATES INC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$1.87B
total across 36 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
58% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$CRM +353K sh · +$65.7M+$SWKS +241K sh · +$6.3M+$PFE +212K sh · +$18.3M
Biggest trims (shares)
−$INTC −965K sh · −$20.9M−$IVZ −377K sh · −$12.3M−$C −179K sh · −$23M
Exited to nil (held last quarter, gone now)
None this quarter
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Interactive Media & Services18.9%—
- Diversified Banks12.6%—
- Integrated Telecommunication Services10.9%—
- Application Software8.6%—
- Pharmaceuticals8.5%—
- Semiconductors7.4%—
- Health Care Services4.2%—
- Air Freight & Logistics4.1%—
- Other holdings24.7%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $GOOGL | Alphabet Inc | 833K | $239M | -4.57K | 12.8% |
| $T | AT&T Inc | 4.12M | $119M | -8.4K | 6.4% |
| $PFE | Pfizer Inc | 4.09M | $115M | +212K | 6.1% |
| $META | Meta Platforms Inc | 201K | $115M | +2.1K | 6.1% |
| $ADBE | Adobe Inc | 382K | $93M | +156K | 5.0% |
| $INTC | Intel Corporation | 2.03M | $89.5M | -965K | 4.8% |
| $VZ | Verizon Communications Inc | 1.7M | $85.5M | -10.7K | 4.6% |
| $CVS | CVS Health Corporation | 1.11M | $80.1M | +2.88K | 4.3% |
| $FDX | FedEx Corporation | 218K | $77.5M | -6.08K | 4.1% |
| $TFC | Truist Financial Corporation | 1.57M | $72.1M | -129K | 3.8% |
…and 26 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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