1y return+30.4%S&P 500 +20.9%
3y return+60.1%S&P 500 +68.5%
5y return+66.9%S&P 500 +74.5%
10y return+143.8%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $244 against $357 in the S&P 500.2
Letko, Brosseau & Associates IncS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| BNSBank Nova Scotia B C | $293.7M | 4.3% | −3.7% |
| TDToronto Dominion Bk Ont | $290.9M | 4.3% | −4.9% |
| GOOGAlphabet Inc | $287.2M | 4.2% | −2.4% |
| RYRoyal Bk Cda | $280.7M | 4.1% | −4.7% |
| BMOBank Montreal Medium | $252.1M | 3.7% | −9.7% |
| SLFSun Life Financial Inc. | $246.8M | 3.6% | −3.7% |
| MGAMagna Intl Inc | $245.1M | 3.6% | −5.6% |
| MFCManulife Finl Corp | $241.1M | 3.6% | −1.5% |
| RCIRogers Communications Inc | $208.8M | 3.1% | −1.4% |
| OTEXOpen Text Corp | $195.5M | 2.9% | +13.4% |
| CMCanadian Imperial Bank Of Co | $169.9M | 2.5% | −5.8% |
| NTRNutrien Ltd | $167.6M | 2.5% | −3.5% |
| BCEBce Inc | $164.2M | 2.4% | |
| ILMNIllumina Inc | $146.0M | 2.2% | −2.7% |
| BBarrick Mng Corp | $136.1M | 2.0% | −4.7% |
| CVECenovus Energy Inc | $132.1M | 2.0% | −6.7% |
| METAMeta Platforms Inc | $125.9M | 1.9% | +11.4% |
| CNICanadian Natl Ry Co | $122.6M | 1.8% | −2.3% |
| CVSCvs Health Corp | $113.3M | 1.7% | −1.7% |
| TUTelus Corporation | $108.1M | 1.6% | +37.4% |
| CAECae Inc | $99.7M | 1.5% | +27.5% |
| PFEPfizer Inc | $99.3M | 1.5% | |
| WFGWest Fraser Timber Co Ltd | $96.0M | 1.4% | |
| ADBEAdobe Inc | $94.3M | 1.4% | +20.2% |
| MSFTMicrosoft Corp | $90.0M | 1.3% | +41.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| CVECenovus Energy Inc | June 30, 2020 | +431.3% | $132.1M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $287.2M |
| CMCanadian Imperial Bank Of Co | June 30, 2020 | +243.6% | $169.9M |
| BMOBank Montreal Medium | June 30, 2020 | +233.0% | $252.1M |
| RYRoyal Bk Cda | June 30, 2020 | +205.3% | $280.7M |
| MFCManulife Finl Corp | June 30, 2020 | +197.5% | $241.1M |
| SBSCompanhia De Saneamento Basi | June 30, 2020 | +175.0% | $70.0M |
| CCitigroup Inc | June 30, 2020 | +173.9% | $85.2M |
| TDToronto Dominion Bk Ont | June 30, 2020 | +172.2% | $290.9M |
| STTState Str Corp | June 30, 2020 | +166.9% | $89.1M |
Sold off last quarter
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +6.7% | +14.8% |
| March 31, 2026 | +2.6% | −4.6% |
| December 31, 2025 | +7.5% | +2.4% |
| September 30, 2025 | +10.8% | +7.8% |
| June 30, 2025 | +9.1% | +10.5% |
| March 31, 2025 | −2.8% | −4.6% |
| December 31, 2024 | −3.4% | +2.1% |
| September 30, 2024 | +6.8% | +5.4% |
| June 30, 2024 | −1.7% | +4.0% |
| March 31, 2024 | +6.6% | +10.0% |
| December 31, 2023 | +9.1% | +11.2% |
| September 30, 2023 | −1.8% | −3.6% |
| June 30, 2023 | +2.9% | +8.3% |
| March 31, 2023 | +2.0% | +7.0% |
| December 31, 2022 | +12.8% | +7.1% |
| September 30, 2022 | −10.5% | −5.3% |
| June 30, 2022 | −15.0% | −16.5% |
| March 31, 2022 | +8.2% | −4.9% |
| December 31, 2021 | +8.6% | +10.7% |
| September 30, 2021 | −1.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Letko, Brosseau & Associates Inc Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1297496&type=13F-HR&dateb=&owner=include&count=40CIK 1297496
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1297496/000129749626000007/Filed August 13, 2026 · accession 0001297496-26-000007