13F HOLDINGS REPORT
LETKO, BROSSEAU & ASSOCIATES INC
Quarter ended Q3 2025 · Filed November 12, 2025 · Accession 0001297496-25-000024
Total Value
$5.82B
Positions
98
Other Managers
0
Confidential Omitted
No
Holdings (98)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | BANK NOVA SCOTIA HALIFAX | 064149107 | 3,980,065 | $257.4M | 4.42% |
| 2 | TORONTO DOMINION BK ONT | TORO | 3,032,023 | $242.5M | 4.16% |
| 3 | BANK MONTREAL QUE | 063671101 | 1,774,869 | $231.3M | 3.97% |
| 4 | ROGERS COMMUNICATIONS INC | RCIAF | 6,691,022 | $230.4M | 3.96% |
| 5 | ROYAL BK CDA | 780087102 | 1,501,190 | $221.3M | 3.80% |
| 6 | OPEN TEXT CORP | OTEX | 5,653,268 | $211.4M | 3.63% |
| 7 | ALPHABET INC | GOOG | 857,620 | $208.9M | 3.59% |
| 8 | MAGNA INTL INC | 559222401 | 4,124,045 | $195.4M | 3.36% |
| 9 | MANULIFE FINL CORP | 56501R106 | 6,214,467 | $193.7M | 3.33% |
| 10 | SUN LIFE FINANCIAL INC. | SUNFF | 3,195,004 | $191.9M | 3.30% |
| 11 | NUTRIEN LTD | NTR | 2,915,069 | $171.2M | 2.94% |
| 12 | BCE INC | BCPPF | 7,045,751 | $164.7M | 2.83% |
| 13 | BARRICK MNG CORP | 06849F108 | 4,900,075 | $161.0M | 2.76% |
| 14 | CANADIAN IMPERIAL BANK OF CO | CNDIF | 1,891,602 | $151.2M | 2.60% |
| 15 | META PLATFORMS INC | META | 198,596 | $145.8M | 2.50% |
| 16 | AT&T INC | T-PC | 4,103,475 | $115.9M | 1.99% |
| 17 | TELUS CORPORATION | TU | 6,627,062 | $104.4M | 1.79% |
| 18 | PFIZER INC | PFE | 4,038,438 | $102.9M | 1.77% |
| 19 | CENOVUS ENERGY INC | CVE | 6,005,443 | $102.0M | 1.75% |
| 20 | INTEL CORP | INTC | 3,024,170 | $101.5M | 1.74% |
| 21 | CAE INC | CAE | 3,251,140 | $96.3M | 1.65% |
| 22 | SUNCOR ENERGY INC NEW | SU | 2,067,377 | $86.5M | 1.49% |
| 23 | CVS HEALTH CORP | CVS | 1,115,585 | $84.1M | 1.44% |
| 24 | CITIGROUP INC | C-PR | 821,495 | $83.4M | 1.43% |
| 25 | ADOBE INC | ADBE | 236,110 | $83.3M | 1.43% |
| 26 | ILLUMINA INC | ILMN | 854,318 | $81.1M | 1.39% |
| 27 | STATE STR CORP | STT-PG | 682,126 | $79.1M | 1.36% |
| 28 | WEST FRASER TIMBER CO LTD | WFG | 1,149,169 | $78.1M | 1.34% |
| 29 | TRUIST FINL CORP | 89832Q109 | 1,664,556 | $76.1M | 1.31% |
| 30 | VERIZON COMMUNICATIONS INC | VZ | 1,657,716 | $72.9M | 1.25% |
| 31 | GSK PLC | GLAXF | 1,675,968 | $72.3M | 1.24% |
| 32 | EASTMAN CHEM CO | EMN | 1,132,471 | $71.4M | 1.23% |
| 33 | COMCAST CORP NEW | CCZ | 2,163,246 | $68.0M | 1.17% |
| 34 | ABBVIE INC | ABBV | 290,909 | $67.4M | 1.16% |
| 35 | COMPANHIA PARANAENSE DE ENER | 20441B605 | 6,696,046 | $65.6M | 1.13% |
| 36 | TECK RESOURCES LTD | TCKRF | 1,438,342 | $63.1M | 1.08% |
| 37 | SKYWORKS SOLUTIONS INC | SWKS | 781,697 | $60.2M | 1.03% |
| 38 | WELLS FARGO CO NEW | 949746101 | 681,494 | $57.1M | 0.98% |
| 39 | CIRRUS LOGIC INC | CRUS | 452,079 | $56.6M | 0.97% |
| 40 | COMPANHIA DE SANEAMENTO BASI | SBS | 2,248,029 | $56.0M | 0.96% |
| 41 | ENERFLEX LTD | EFXT | 4,974,436 | $53.7M | 0.92% |
| 42 | HUDBAY MINERALS INC | HBM | 3,531,808 | $53.5M | 0.92% |
| 43 | FEDEX CORP | FDX | 216,737 | $51.1M | 0.88% |
| 44 | BANK AMERICA CORP | 060505104 | 985,170 | $50.8M | 0.87% |
| 45 | GILEAD SCIENCES INC | GILD | 423,520 | $47.0M | 0.81% |
| 46 | SHELL PLC | RYDAF | 634,977 | $45.4M | 0.78% |
| 47 | WALMART INC | WMT | 396,511 | $40.9M | 0.70% |
| 48 | GRAPHIC PACKAGING HLDG CO | GPK | 2,074,935 | $40.6M | 0.70% |
| 49 | CONOCOPHILLIPS | COP | 425,194 | $40.2M | 0.69% |
| 50 | RESTAURANT BRANDS INTL INC | 76131D103 | 600,517 | $38.5M | 0.66% |
| 51 | INVESCO LTD | IVZ | 1,601,138 | $36.7M | 0.63% |
| 52 | ADIENT PLC | ADNT | 1,496,836 | $36.0M | 0.62% |
| 53 | LULULEMON ATHLETICA INC | LULU | 193,634 | $34.5M | 0.59% |
| 54 | MACERICH CO | MAC | 1,837,120 | $33.4M | 0.57% |
| 55 | CEMEX SAB DE CV | CXMSF | 3,697,525 | $33.2M | 0.57% |
| 56 | MERCK & CO INC | MRK | 353,989 | $29.7M | 0.51% |
| 57 | UNITED PARCEL SERVICE INC | UPS | 340,075 | $28.4M | 0.49% |
| 58 | CREDICORP LTD | BAP | 97,271 | $25.9M | 0.44% |
| 59 | MODERNA INC | MRNA | 913,390 | $23.6M | 0.41% |
| 60 | COPA HOLDINGS SA | CPA | 187,753 | $22.3M | 0.38% |
| 61 | CHEVRON CORP NEW | CVX | 133,429 | $20.7M | 0.36% |
| 62 | BIOGEN INC | BIIB | 120,620 | $16.9M | 0.29% |
| 63 | ICICI BANK LIMITED | IBN | 437,752 | $13.2M | 0.23% |
| 64 | SPRINKLR INC | CXM | 1,699,575 | $13.1M | 0.23% |
| 65 | PROFOUND MED CORP | PROF | 986,250 | $4.8M | 0.08% |
| 66 | HDFC BANK LTD | HDB | 130,260 | $4.4M | 0.08% |
| 67 | SMURFIT WESTROCK PLC | SW | 91,484 | $3.9M | 0.07% |
| 68 | SPDR SERIES TRUST | 78464A870 | 35,325 | $3.5M | 0.06% |
| 69 | SCHWAB CHARLES CORP | SCHW-PJ | 19,746 | $1.9M | 0.03% |
| 70 | ING GROEP N.V. | INGVF | 49,125 | $1.3M | 0.02% |
| 71 | NVIDIA CORPORATION | NVDA | 6,250 | $1.2M | 0.02% |
| 72 | FRANKLIN TEMPLETON ETF TR | FGDL | 22,175 | $826,906 | 0.01% |
| 73 | ORACLE CORP | ORCL-PD | 2,420 | $680,601 | 0.01% |
| 74 | PEMBINA PIPELINE CORP | PPLOF | 14,650 | $592,465 | 0.01% |
| 75 | COMPANHIA PARANAENSE DE ENER | 20441B704 | 65,756 | $589,174 | 0.01% |
| 76 | EMERA INC | EMRJF | 8,485 | $407,175 | 0.01% |
| 77 | NXP SEMICONDUCTORS N V | NXPI | 1,775 | $404,221 | 0.01% |
| 78 | FORTIS INC | FTRSF | 7,900 | $400,791 | 0.01% |
| 79 | VALE S A | VALE | 36,650 | $398,019 | 0.01% |
| 80 | ERO COPPER CORP | ERO | 18,000 | $364,683 | 0.01% |
| 81 | NEWAMSTERDAM PHARMA COMPANY | NAMSW | 11,775 | $334,881 | 0.01% |
| 82 | MICROSOFT CORP | MSFT | 638 | $330,452 | 0.01% |
| 83 | PALVELLA THERAPEUTICS INC NE | PVLA | 5,200 | $325,988 | 0.01% |
| 84 | FREEPORT-MCMORAN INC | FCX | 6,925 | $271,599 | 0.00% |
| 85 | ALPHABET INC | GOOG | 1,092 | $265,465 | 0.00% |
| 86 | MEIRAGTX HLDGS PLC | MGTX | 32,000 | $263,360 | 0.00% |
| 87 | AMRIZE LTD | AMRZ | 5,316 | $256,496 | 0.00% |
| 88 | ARS PHARMACEUTICALS INC | SPRY | 24,700 | $248,235 | 0.00% |
| 89 | MINERALYS THERAPEUTICS INC | MLYS | 5,475 | $207,612 | 0.00% |
| 90 | ALBEMARLE CORP | ALB-PA | 2,475 | $200,673 | 0.00% |
| 91 | AURA BIOSCIENCES INC | AURA | 28,300 | $174,894 | 0.00% |
| 92 | TSCAN THERAPEUTICS INC | TCRX | 95,875 | $174,493 | 0.00% |
| 93 | 89BIO INC | 282559103 | 10,700 | $157,290 | 0.00% |
| 94 | GOSSAMER BIO INC | GOSS | 39,400 | $103,622 | 0.00% |
| 95 | ALDEYRA THERAPEUTICS INC | ALDX | 17,300 | $90,306 | 0.00% |
| 96 | HUMACYTE INC | HUMAW | 45,950 | $79,953 | 0.00% |
| 97 | REPLIMUNE GROUP INC | REPL | 10,800 | $45,252 | 0.00% |
| 98 | PROKIDNEY CORP | PROK | 15,900 | $38,478 | 0.00% |