Latest LETKO, BROSSEAU & ASSOCIATES INC Stock Portfolio

LETKO, BROSSEAU & ASSOCIATES INC Performance:

2025 Q4: 6.92%YTD: 24.23%2024: 3.73%

Performance for 2025 Q4 is 6.92%, and YTD is 24.23%, and 2024 is 3.73%.

About LETKO, BROSSEAU & ASSOCIATES INC and 13F Hedge Fund Stock Holdings

LETKO, BROSSEAU & ASSOCIATES INC is a hedge fund based in Canada. On 2026-02-11, the fund reported it's updated stock portfolio. In the 13F Holdings report, LETKO, BROSSEAU & ASSOCIATES INC reported an equity portfolio of $6.1 Billions as of 31 Dec, 2025.

The top stock holdings of LETKO, BROSSEAU & ASSOCIATES INC are , GOOG, . The fund has invested 4.5% of it's portfolio in BANK NOVA SCOTIA HALIFAX and 4.3% of portfolio in ALPHABET INC.

The fund managers got completely rid off COMPANHIA PARANAENSE DE ENER (ELP), GILEAD SCIENCES INC (GILD) and NVIDIA CORPORATION (NVDA) stocks. They significantly reduced their stock positions in SHELL PLC, WALMART INC (WMT) and ORACLE CORP (ORCL). LETKO, BROSSEAU & ASSOCIATES INC opened new stock positions in CANADIAN NATL RY CO, SALESFORCE INC (CRM) and AQUESTIVE THERAPEUTICS INC (AQST). The fund showed a lot of confidence in some stocks as they added substantially to COMPANHIA PARANAENSE DE ENER (ELP), GRAPHIC PACKAGING HLDG CO (GPK) and PEMBINA PIPELINE CORP.

LETKO, BROSSEAU & ASSOCIATES INC Annual Return Estimates Vs S&P 500

Our best estimate is that LETKO, BROSSEAU & ASSOCIATES INC made a return of 6.92% in the last quarter. In trailing 12 months, it's portfolio return was 24.23%.

Performance
S&P 500

New Buys

Ticker	$ Bought
canadian natl ry co	76,586,500
totalenergies se	72,234,500
salesforce inc	900,694
aquestive therapeutics inc	228,200
cabaletta bio inc	198,140
bicara therapeutics inc	188,075
tenax therapeutics inc	129,824

New stocks bought by LETKO, BROSSEAU & ASSOCIATES INC

Additions

Ticker	% Inc.
companhia paranaense de ener	10,965
graphic packaging hldg co	66.34
pembina pipeline corp	58.7
freeport-mcmoran inc	38.99
hdfc bank ltd	35.91
biogen inc	7.59
smurfit westrock plc	7.02
eastman chem co	5.47

Additions to existing portfolio by LETKO, BROSSEAU & ASSOCIATES INC

Reductions

Ticker	% Reduced
shell plc	-98.57
hudbay minerals inc	-55.56
walmart inc	-47.64
enerflex ltd	-43.4
oracle corp	-41.32
palvella therapeutics inc ne	-32.69
moderna inc	-20.47
suncor energy inc new	-19.64

LETKO, BROSSEAU & ASSOCIATES INC reduced stake in above stock

Sold off

Ticker	$ Sold
companhia paranaense de ener	-65,621,300
gilead sciences inc	-47,010,700
89bio inc	-157,290
nvidia corporation	-1,166,120
mineralys therapeutics inc	-207,612

LETKO, BROSSEAU & ASSOCIATES INC got rid off the above stocks

Sector Distribution

LETKO, BROSSEAU & ASSOCIATES INC has about 61.2% of it's holdings in Others sector.

Sector	%
Others	61.2
Communication Services	9.3
Technology	7.9
Healthcare	7.3
Financial Services	6.8
Consumer Cyclical	2.6
Industrials	1.6
Basic Materials	1.3

Market Cap. Distribution

LETKO, BROSSEAU & ASSOCIATES INC has about 32.1% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	61.2
LARGE-CAP	21
MEGA-CAP	11.1
MID-CAP	6.7

Stocks belong to which Index?

About 34.5% of the stocks held by LETKO, BROSSEAU & ASSOCIATES INC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	65.5
S&P 500	33.2
RUSSELL 2000	1.3

Top 5 Winners (%)		%
REPL	replimune group inc	132.0 %
ALB	albemarle corp	74.4 %
	profound med corp	60.2 %
	palvella therapeutics inc ne	56.0 %
ILMN	illumina inc	38.0 %

Top 5 Winners ($)		$
GOOG	alphabet inc	59.5 M
	barrick mng corp	51.1 M
	toronto dominion bk ont	41.6 M
	bank nova scotia halifax	35.3 M
	royal bk cda	34.5 M

Top 5 Losers (%)		%
TCRX	tscan therapeutics inc	-45.1 %
HUMA	humacyte inc	-44.8 %
ORCL	oracle corp	-24.4 %
ADNT	adient plc	-20.0 %
GPK	graphic packaging hldg co	-19.3 %

Top 5 Losers ($)		$
OTEX	open text corp	-27.1 M
	telus corporation	-17.1 M
META	meta platforms inc	-14.8 M
T	at&t inc	-14.0 M
GPK	graphic packaging hldg co	-12.5 M

LETKO, BROSSEAU & ASSOCIATES INC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of LETKO, BROSSEAU & ASSOCIATES INC

LETKO, BROSSEAU & ASSOCIATES INC has 100 stocks in it's portfolio. About 38.6% of the portfolio is in top 10 stocks. OTEX proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for LETKO, BROSSEAU & ASSOCIATES INC last quarter.

Last Reported on: 11 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ABBV	abbvie inc	1.07	285,104	65,143,400	reduced	-2.00

ADBE	adobe inc	1.30	226,696	79,341,300	reduced	-3.99

ADNT	adient plc	0.50	1,576,380	30,219,300	added	5.31

ALB	albemarle corp	0.01	2,475	350,064	unchanged	0.00

ALDX	aldeyra therapeutics inc	0.00	17,300	89,614	unchanged	0.00

AQST	aquestive therapeutics inc	0.00	35,325	228,200	new

AURA	aura biosciences inc	0.00	28,300	154,235	unchanged	0.00

BAC	bank america corp	0.88	979,815	53,889,800	reduced	-0.54

BAP	credicorp ltd	0.48	101,221	29,050,400	added	4.06

BIIB	biogen inc	0.37	129,780	22,840,000	added	7.59

BIL	spdr series trust	0.06	32,825	3,699,710	reduced	-7.08

BUYZ	franklin templeton etf tr	0.01	22,950	885,641	added	3.49

C	citigroup inc	1.55	810,460	94,572,600	reduced	-1.34

CABA	cabaletta bio inc	0.00	90,475	198,140	new

CAE	cae inc	1.60	3,219,140	98,024,400	reduced	-0.98

CMCSA	comcast corp new	1.11	2,265,220	67,707,500	added	4.71

COP	conocophillips	0.66	430,664	40,314,500	added	1.29

CPA	copa holdings sa	0.38	195,203	23,543,400	added	3.97

CRM	salesforce inc	0.01	3,400	900,694	new

CRUS	cirrus logic inc	0.87	450,284	53,358,700	reduced	-0.4