Q2 2026 13F · SEC CIK 1297496

Letko, Brosseau & Associates Inc

Institutional asset managerFiled 2026-08-13 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $6.8B
Reported positions: 112
Top holdings a year, 3 yrs: +23.2%
Assets under management: $18.8B

Letko, Brosseau & Associates Inc is an institutional asset manager that reported 112 positions worth $6.8B in its Q2 2026 13F, filed 2026-08-13. Its largest holdings were Bank Nova Scotia B C (BNS, 4.3%), Toronto Dominion Bank (TD, 4.3%), Alphabet Inc (GOOG, 4.2%). A portfolio copying its top holdings returned 23.2% a year over the last 3 years, against 20.4% for the S&P 500.

Letko, Brosseau & Associates Inc holdings largest 50 of 112 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Letko, Brosseau & Associates Inc 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
BNSBank Nova Scotia B C	4.3%	3.9%	3,380,374	-3.7%	$293.7M
TDToronto Dominion Bank	4.3%	3.8%	2,393,682	-4.9%	$290.9M
GOOGAlphabet Inc	4.2%	3.9%	812,863	-2.4%	$287.2M
RYRoyal Bank of Canada	4.1%	3.7%	1,356,164	-4.7%	$280.7M
BMOBank of Montreal	3.7%	3.4%	1,426,775	-9.7%	$252.1M
SLFSun Life Financial Inc.	3.6%	3.3%	3,144,427	-3.7%	$246.8M
MGAMagna Intl Inc	3.6%	3.5%	3,728,461	-5.6%	$245.1M
MFCManulife Finl Corp	3.6%	3.3%	5,945,857	-1.5%	$241.1M
RCIRogers Communications Inc	3.1%	4.0%	6,419,707	-1.4%	$208.8M
OTEXOpen Text Corp	2.9%	2.8%	8,837,628	+13.4%	$195.5M
CMCanadian Imperial Bank of Co	2.5%	2.4%	1,475,569	-5.8%	$169.9M
NTRNutrien Ltd	2.5%	3.3%	2,661,149	-3.5%	$167.6M
BCEBce Inc	2.4%	3.1%	7,626,060	+0.8%	$164.2M
ILMNIllumina Inc	2.2%	1.7%	830,293	-2.7%	$146.0M
BBarrick Mng Corp	2.0%	2.5%	3,703,017	-4.7%	$136.1M
CVECenovus Energy Inc	2.0%	2.4%	5,327,707	-6.7%	$132.1M
METAMeta Platforms Inc Class A	1.9%	1.9%	223,556	+11.4%	$125.9M
CNICanadian Natl Ry Co	1.8%	1.7%	1,027,674	-2.3%	$122.6M
CVSCvs Caremark Corporation	1.7%	1.3%	1,095,265	-1.7%	$113.3M
TUTelus Corporation	1.6%	1.5%	10,220,253	+37.4%	$108.1M
CAECae Inc.	1.5%	1.3%	3,981,832	+27.5%	$99.7M
PFEPfizer Inc	1.5%	1.9%	4,124,748	+0.8%	$99.3M
WFGWest Fraser Timber Co Ltd	1.4%	1.5%	1,417,956	+0.1%	$96.0M
ADBEAdobe Inc	1.4%	1.5%	459,898	+20.2%	$94.3M
MSFTMicrosoft Corp	1.3%	1.0%	241,356	+41.1%	$90.0M
STTState Str Corp	1.3%	1.1%	525,646	-3.5%	$89.1M
TAt&t Inc Com	1.3%	1.9%	4,174,925	+1.3%	$86.4M
ELPCCia Paranaense de Ener-Adr	1.3%	1.5%	7,333,972	-7.3%	$85.4M
CCitigroup Inc Com New	1.3%	1.2%	609,048	-3.6%	$85.2M
GSKGsk PLC	1.3%	1.5%	1,624,668	-1.2%	$85.2M
CMCSAComcast Corp New	1.3%	1.1%	3,460,961	+51.5%	$85.0M
SWKSSkyworks Solutions Inc	1.2%	0.8%	1,234,937	+35.3%	$83.7M
TTETotalenergies SE Act	1.2%	1.6%	1,056,594	-2.3%	$82.2M
EMNEastman Chem Co	1.2%	1.5%	1,199,240	+0.5%	$80.3M
CRMSalesforce Inc Com	1.2%	1.1%	504,810	+41.5%	$79.1M
TFCTruist Financial Ord Shs	1.1%	1.2%	1,551,961	-1.0%	$77.3M
VZVerizon Communications Inc Com	1.1%	1.4%	1,726,727	+1.4%	$73.1M
SBSBasic Sanitation Company of the State of	1.0%	1.2%	12,114,373	+415.8%	$70.0M
ABBVAbbvie Inc	1.0%	1.0%	270,009	-1.9%	$67.9M
FDXFedex Corp	1.0%	1.2%	215,587	-0.9%	$67.5M
CRUSCirrus Logic Inc	1.0%	1.0%	442,259	-1.6%	$65.7M
GEHCGe Healthcare Technologies I	0.8%	—	878,575	—	$56.2M
BACBank of Amer Corp	0.8%	0.8%	967,290	-0.8%	$55.1M
TECKTeck Resources Ltd	0.8%	0.9%	874,729	-19.2%	$52.1M
MRNAModerna Inc	0.8%	—	724,830	—	$50.8M
EFXTEnerflex Ltd	0.7%	0.9%	1,997,788	-22.6%	$49.0M
GILGildan Activewear Inc	0.7%	—	947,100	—	$48.8M
GPKGraphic Packaging Hldg Co	0.7%	—	4,453,305	—	$47.1M
WFCWells Fargo Co New	0.7%	0.7%	569,169	-0.8%	$47.0M
QSRRestaurant Brands Intl Inc Com	0.7%	0.8%	643,271	-3.9%	$46.6M

What Letko, Brosseau & Associates Inc bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

SBS Basic Sanitation Company of the State of+415.8% shares
CMCSA Comcast Corp New+51.5% shares
CRM Salesforce Inc Com+41.5% shares
MSFT Microsoft Corp+41.1% shares
TU Telus Corporation+37.4% shares
SWKS Skyworks Solutions Inc+35.3% shares
CAE Cae Inc.+27.5% shares
ADBE Adobe Inc+20.2% shares

Reduced

EFXT Enerflex Ltd-22.6% shares
TECK Teck Resources Ltd-19.2% shares
BMO Bank of Montreal-9.7% shares
ELPC Cia Paranaense de Ener-Adr-7.3% shares
CVE Cenovus Energy Inc-6.7% shares
CM Canadian Imperial Bank of Co-5.8% shares
MGA Magna Intl Inc-5.6% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +42.0% /yr; S&P 500 +20.1%
3 years: +23.2% /yr; S&P 500 +20.4%
5 years: +16.4% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$6.8B	112
Q1 2026	$6.2B	101
Q4 2025	$6.1B	100
Q3 2025	$5.8B	98
Q2 2025	$5.2B	93
Q1 2025	$4.7B	89
Q4 2024	$5.2B	100
Q3 2024	$5.5B	101
Q2 2024	$5.3B	104
Q1 2024	$5.8B	102
Q4 2023	$5.5B	96
Q3 2023	$5.1B	98

Questions about Letko, Brosseau & Associates Inc's portfolio

What stocks does Letko, Brosseau & Associates Inc own?

Letko, Brosseau & Associates Inc's latest 13F, for Q2 2026 and filed Aug 13, 2026, lists 112 positions worth $6.8B. The largest are Bank Nova Scotia B C (BNS) at 4.3%, Toronto Dominion Bank (TD) at 4.3%, Alphabet Inc (GOOG) at 4.2%, Royal Bank of Canada (RY) at 4.1% and Bank of Montreal (BMO) at 3.7%.

What did Letko, Brosseau & Associates Inc buy last quarter?

In Q2 2026, Letko, Brosseau & Associates Inc added Basic Sanitation Company of the State of (SBS) (+415.8% shares), Comcast Corp New (CMCSA) (+51.5% shares) and Salesforce Inc Com (CRM) (+41.5% shares), compared with its Q1 2026 filing.

What did Letko, Brosseau & Associates Inc sell last quarter?

In Q2 2026, Letko, Brosseau & Associates Inc cut from its top 50 Intel Corp (INTC), cut from its top 50 Conocophillips (COP), cut from its top 50 Cemex SA Euro Mtn Be 144a (CX), cut from its top 50 Merck & Co. Inc (MRK), Enerflex Ltd (EFXT) (-22.6% shares), Teck Resources Ltd (TECK) (-19.2% shares) and Bank of Montreal (BMO) (-9.7% shares), compared with its Q1 2026 filing.

How has Letko, Brosseau & Associates Inc's portfolio performed?

A portfolio copying Letko, Brosseau & Associates Inc's 20 largest 13F holdings each quarter, from the day each filing was public, returned +23.2% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +42.0% against +20.1%. Over 5 years: +16.4% a year against +11.6%.

When is Letko, Brosseau & Associates Inc's next 13F filing due?

13F filings are due 45 days after each quarter ends. Letko, Brosseau & Associates Inc's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Letko, Brosseau & Associates Inc manage?

Letko, Brosseau & Associates Inc reported $18.8B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $6.8B.