LETKO, BROSSEAU & ASSOCIATES INC

Q4 2025 13F-HR Holdings

Location
Montreal, A8
Holdings as of
12/31/2025
Date filed
2/11/2026
Form type
13F-HR
Num holdings
100
Total value ($000)
$6,107,619
Net value change ($000)
+285,427 (4.9%)
New positions
7
Sold out positions
5
Turnover %
4.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/12/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
CNI 76,586 NEW
TOTALENERGIES SE 72,235 NEW
ELPC 68,610 11648.6%
GOOGL 53,987 25.8%
B 39,117 24.3%
ILMN 31,531 38.9%
MFC 29,995 15.5%
RY 28,829 13.0%
MGA 21,694 11.1%
RCI 19,878 8.6%
Top Reduces (Value $000, Stocks/ETFs)
ELPC -65,621 -100.0%
GILD -47,011 -100.0%
SHEL -44,752 -98.5%
OTEX -26,098 -12.3%
HBM -22,305 -41.7%
WMT -17,735 -43.4%
SWKS -17,599 -29.2%
TU -14,986 -14.4%
META -14,786 -10.1%
BMO -13,617 -5.9%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type