Letko, Brosseau & Associates Inc.
Letko, Brosseau & Associates Inc. is an independent Canadian investment management firm founded in 1987 and headquartered in Montreal, Quebec, with additional offices in Toronto and Calgary. The firm specializes in managing assets for institutional investors, private clients, pension funds, and charitable organizations. With an estimated 84 employees, Letko Brosseau manages over $21.74 billion USD in assets, offering a mix of pooled funds, balanced portfolios, fixed income, and equity strategies. Their clients include more than 420 institutional investors and several thousand private clients, focusing on exceeding client objectives while adhering to the highest ethical standards.
Investment Strategy
Letko, Brosseau & Associates utilizes a disciplined, research-driven investment approach—focusing on fundamental analysis of economies, industries, and companies. The firm seeks to invest in companies with strong balance sheets, steady cash flow, solid dividend yields, and long-term appreciation prospects, generally over a three- to five-year horizon. In fixed income, they emphasize holding high-quality bonds to ensure portfolio stability and income, conducting rigorous assessments of credit risk and interest rate trends. All decisions are made diligently and independently, with a focus on understanding long-term trends and prioritizing their clients' best interests.
Top Holdings
Equity Positions (92)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
T TD | TORONTO DOMINION BK ONT | 4.47% | $233.8M | 3,184,648 | $32.45 | $73.45 | +$38.4M |
B BNS | BANK NOVA SCOTIA HALIFAX | 4.28% | $223.6M | 4,052,095 | $47.31 | $55.27 | +$33.4M |
R RY | ROYAL BK CDA | 3.85% | $201.0M | 1,528,535 | $48.12 | $131.55 | +$26.9M |
B BMO | BANK MONTREAL QUE | 3.83% | $200.1M | 1,809,299 | $37.42 | $110.63 | +$25.7M |
R RCI | ROGERS COMMUNICATIONS INC | 3.82% | $199.9M | 6,753,987 | $34.21 | $29.66 | +$42.8M |