# LETKO, BROSSEAU & ASSOCIATES INC: Form 13F holdings

An institutional investment manager in MONTREAL. SEC CIK 1297496.

- Quarter ended: 2026-06-30
- Filed: 2026-08-13
- Reported value: $6.77bn
- Positions: 112 (112 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1297496/000129749626000007/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [BANK NOVA SCOTIA B C (BNS)](/companies/bns.md) | COM | $293.7m | 4.3% | 3,380,374 |  | Reduced −130,292 |
| [TORONTO DOMINION BK ONT (TD)](/companies/td.md) | COM NEW | $290.9m | 4.3% | 2,393,682 |  | Reduced −122,383 |
| [ALPHABET INC (GOOGL)](/companies/googl.md) | CAP STK CL C | $287.2m | 4.2% | 812,863 |  | Reduced −20,235 |
| [ROYAL BK CDA (RY)](/companies/ry.md) | COM | $280.7m | 4.1% | 1,356,164 |  | Reduced −66,933 |
| [BANK MONTREAL MEDIUM (BMO)](/companies/bmo.md) | COM | $252.1m | 3.7% | 1,426,775 |  | Reduced −153,255 |
| [SUN LIFE FINANCIAL INC. (SLF)](/companies/slf.md) | COM | $246.8m | 3.6% | 3,144,427 |  | Reduced −119,981 |
| [MAGNA INTL INC (MGA)](/companies/mga.md) | COM | $245.1m | 3.6% | 3,728,461 |  | Reduced −219,987 |
| [MANULIFE FINL CORP (MFC)](/companies/mfc.md) | COM | $241.1m | 3.6% | 5,945,857 |  | Reduced −92,595 |
| [ROGERS COMMUNICATIONS INC (RCI)](/companies/rci.md) | CL B | $208.8m | 3.1% | 6,419,707 |  | Reduced −91,890 |
| [OPEN TEXT CORP (OTEX)](/companies/otex.md) | COM | $195.5m | 2.9% | 8,837,628 |  | Added +1,047,075 |
| [CANADIAN IMPERIAL BANK OF CO (CM)](/companies/cm.md) | COM | $169.9m | 2.5% | 1,475,569 |  | Reduced −90,063 |
| [NUTRIEN LTD (NTR)](/companies/ntr.md) | COM | $167.6m | 2.5% | 2,661,149 |  | Reduced −95,761 |
| [BCE INC (BCE)](/companies/bce.md) | COM NEW | $164.2m | 2.4% | 7,626,060 |  | Added +61,732 |
| [ILLUMINA INC (ILMN)](/companies/ilmn.md) | COM | $146.0m | 2.2% | 830,293 |  | Reduced −22,610 |
| [BARRICK MNG CORP (B)](/companies/b.md) | COM SHS | $136.1m | 2.0% | 3,703,017 |  | Reduced −181,548 |
| [CENOVUS ENERGY INC (CVE)](/companies/cve.md) | COM | $132.1m | 2.0% | 5,327,707 |  | Reduced −383,782 |
| [META PLATFORMS INC (META)](/companies/meta.md) | CL A | $125.9m | 1.9% | 223,556 |  | Added +22,911 |
| [CANADIAN NATL RY CO (CNI)](/companies/cni.md) | COM | $122.6m | 1.8% | 1,027,674 |  | Reduced −23,931 |
| [CVS HEALTH CORP (CVS)](/companies/cvs.md) | COM | $113.3m | 1.7% | 1,095,265 |  | Reduced −19,470 |
| [TELUS CORPORATION (TU)](/companies/tu.md) | COM | $108.1m | 1.6% | 10,220,253 |  | Added +2,779,841 |
| [CAE INC (CAE)](/companies/cae.md) | COM | $99.7m | 1.5% | 3,981,832 |  | Added +859,392 |
| [PFIZER INC (PFE)](/companies/pfe.md) | COM | $99.3m | 1.5% | 4,124,748 |  | Added +34,735 |
| [WEST FRASER TIMBER CO LTD (WFG)](/companies/wfg.md) | COM | $96.0m | 1.4% | 1,417,956 |  | Added +755 |
| [ADOBE INC (ADBE)](/companies/adbe.md) | COM | $94.3m | 1.4% | 459,898 |  | Added +77,405 |
| [MICROSOFT CORP (MSFT)](/companies/msft.md) | COM | $90.0m | 1.3% | 241,356 |  | Added +70,343 |
| [STATE STR CORP (STT)](/companies/stt.md) | COM | $89.1m | 1.3% | 525,646 |  | Reduced −18,810 |
| [AT&T INC (T)](/companies/t.md) | COM | $86.4m | 1.3% | 4,174,925 |  | Added +53,225 |
| [COMPANHIA PARANAENSE DE ENER (ELPC)](/companies/elpc.md) | SPONSORED ADS | $85.4m | 1.3% | 7,333,972 |  | Reduced −578,765 |
| [CITIGROUP INC (C)](/companies/c.md) | COM NEW | $85.2m | 1.3% | 609,048 |  | Reduced −22,442 |
| [GSK PLC (GSK)](/companies/gsk.md) | SPONSORED ADR | $85.2m | 1.3% | 1,624,668 |  | Reduced −19,945 |
| [COMCAST CORP NEW (CMCSA)](/companies/cmcsa.md) | CL A | $85.0m | 1.3% | 3,460,961 |  | Added +1,176,005 |
| [SKYWORKS SOLUTIONS INC (SWKS)](/companies/swks.md) | COM | $83.7m | 1.2% | 1,234,937 |  | Added +322,240 |
| TOTALENERGIES SE | ACT | $82.2m | 1.2% | 1,056,594 |  | Reduced −24,485 |
| [EASTMAN CHEM CO (EMN)](/companies/emn.md) | COM | $80.3m | 1.2% | 1,199,240 |  | Added +5,894 |
| [SALESFORCE INC (CRM)](/companies/crm.md) | COM | $79.1m | 1.2% | 504,810 |  | Added +148,100 |
| [TRUIST FINL CORP (TFC)](/companies/tfc.md) | COM | $77.3m | 1.1% | 1,551,961 |  | Reduced −15,835 |
| [VERIZON COMMUNICATIONS INC (VZ)](/companies/vz.md) | COM | $73.1m | 1.1% | 1,726,727 |  | Added +24,503 |
| [COMPANHIA DE SANEAMENTO BASI (SBS)](/companies/sbs.md) | SPONSORED ADR | $70.0m | 1.0% | 12,114,373 |  | Added +9,765,804 |
| [ABBVIE INC (ABBV)](/companies/abbv.md) | COM | $67.9m | 1.0% | 270,009 |  | Reduced −5,140 |
| [FEDEX CORP (FDX)](/companies/fdx.md) | COM | $67.5m | 1.0% | 215,587 |  | Reduced −1,925 |
| [CIRRUS LOGIC INC (CRUS)](/companies/crus.md) | COM | $65.7m | 1.0% | 442,259 |  | Reduced −7,245 |
| [GE HEALTHCARE TECHNOLOGIES I (GEHC)](/companies/gehc.md) | COMMON STOCK | $56.2m | 0.8% | 878,575 |  | New +878,575 |
| [BANK OF AMER CORP (BAC)](/companies/bac.md) | COM | $55.1m | 0.8% | 967,290 |  | Reduced −8,150 |
| [TECK RESOURCES LTD (TECK)](/companies/teck.md) | CL B | $52.1m | 0.8% | 874,729 |  | Reduced −208,033 |
| [MODERNA INC (MRNA)](/companies/mrna.md) | COM | $50.8m | 0.8% | 724,830 |  | Reduced −23,985 |
| [ENERFLEX LTD (EFXT)](/companies/efxt.md) | COM | $49.0m | 0.7% | 1,997,788 |  | Reduced −582,425 |
| [GILDAN ACTIVEWEAR INC (GIL)](/companies/gil.md) | COM | $48.8m | 0.7% | 947,100 |  | New +947,100 |
| [GRAPHIC PACKAGING HLDG CO (GPK)](/companies/gpk.md) | COM | $47.1m | 0.7% | 4,453,305 |  | Added +982,745 |
| [WELLS FARGO & CO (WFC)](/companies/wfc.md) | COM | $47.0m | 0.7% | 569,169 |  | Reduced −4,650 |
| [RESTAURANT BRANDS INTL INC (QSR)](/companies/qsr.md) | COM | $46.6m | 0.7% | 643,271 |  | Reduced −26,346 |
| [MACERICH CO (MAC)](/companies/mac.md) | COM | $46.4m | 0.7% | 1,841,170 |  | Reduced −40,575 |
| [MERCK & CO INC (MRK)](/companies/mrk.md) | COM | $44.7m | 0.7% | 347,489 |  | Reduced −10,530 |
| [CEMEX SA EURO MTN BE 144A (CX)](/companies/cx.md) | SPON ADR NEW | $43.1m | 0.6% | 3,593,425 |  | Reduced −250,825 |
| [CONOCOPHILLIPS (COP)](/companies/cop.md) | COM | $42.5m | 0.6% | 408,904 |  | Reduced −11,700 |
| [EXELON CORP (EXC)](/companies/exc.md) | COM | $41.5m | 0.6% | 891,100 |  | New +891,100 |
| [UNITED PARCEL SVCS INC (UPS)](/companies/ups.md) | CL B | $39.4m | 0.6% | 366,065 |  | Added +4,510 |
| CREDICORP LTD | COM | $38.2m | 0.6% | 98,171 |  | Added +1,825 |
| COPA HOLDINGS SA | CL A | $32.4m | 0.5% | 207,978 |  | Added +5,175 |
| [BIOGEN INC (BIIB)](/companies/biib.md) | COM | $31.7m | 0.5% | 146,562 |  | Reduced −4,303 |
| INVESCO LTD | SHS | $31.2m | 0.5% | 1,180,538 |  | Reduced −17,725 |
| [LULULEMON ATHLETICA INC (LULU)](/companies/lulu.md) | COM | $31.1m | 0.5% | 272,068 |  | Added +88,225 |
| ADIENT PLC | ORD SHS | $30.5m | 0.5% | 1,661,072 |  | Added +43,666 |
| [AECOM (ACM)](/companies/acm.md) | COM | $27.2m | 0.4% | 390,075 |  | New +390,075 |
| [INTEL CORP (INTC)](/companies/intc.md) | COM | $27.0m | 0.4% | 193,495 |  | Reduced −1,834,975 |
| [WALMART INC (WMT)](/companies/wmt.md) | COM | $22.1m | 0.3% | 195,046 |  | Reduced −4,380 |
| [CHEVRON CORPORATION (CVX)](/companies/cvx.md) | COM | $21.5m | 0.3% | 129,488 |  | Reduced −2,272 |
| [HUDBAY MINERALS INC (HBM)](/companies/hbm.md) | COM | $19.1m | 0.3% | 808,989 |  | Reduced −288,259 |
| [FEDEX FGHT HLDG CO INC (FDXF)](/companies/fdxf.md) | COMMON STOCK | $15.3m | 0.2% | 101,572 |  | New +101,572 |
| [HDFC BANK LTD (HDB)](/companies/hdb.md) | SPONSORED ADS | $13.5m | 0.2% | 520,935 |  | Added +164,725 |
| SMURFIT WESTROCK PLC | SHS | $9.4m | 0.1% | 204,184 |  | Added +108,275 |
| [SPRINKLR INC (CXM)](/companies/cxm.md) | CL A | $6.0m | <0.1% | 1,161,675 |  | Reduced −84,600 |
| [PROFOUND MED CORP (PROF)](/companies/prof.md) | COM NEW | $5.4m | <0.1% | 935,725 |  | Reduced −17,450 |
| SPDR SERIES TRUST | ST STR SP BIOT | $4.9m | <0.1% | 30,825 |  | Reduced −2,000 |
| [ICICI BANK LIMITED (IBN)](/companies/ibn.md) | ADR | $2.9m | <0.1% | 100,402 |  | Reduced −22,225 |
| FRANKLIN TEMPLETON ETF TR | FRANKLIN INDIA | $2.2m | <0.1% | 61,500 |  | Added +29,225 |
| [SCHWAB CHARLES CORP (SCHW)](/companies/schw.md) | COM | $1.6m | <0.1% | 17,771 |  | Unchanged |
| [ING GROEP N.V. (ING)](/companies/ing.md) | SPONSORED ADR | $1.5m | <0.1% | 46,624 |  | Reduced −650 |
| [PEMBINA PIPELINE CORP (PBA)](/companies/pba.md) | COM | $1.1m | <0.1% | 23,325 |  | Reduced −3,275 |
| [FREEPORT MCMORAN INC (FCX)](/companies/fcx.md) | CL B | $605.3k | <0.1% | 9,625 |  | Unchanged |
| [PALVELLA THERAPEUTICS INC NE (PVLA)](/companies/pvla.md) | COM | $534.9k | <0.1% | 3,500 |  | Unchanged |
| [VALE S A (VALE)](/companies/vale.md) | SPONSORED ADS | $506.1k | <0.1% | 33,650 |  | Reduced −3,000 |
| NXP SEMICONDUCTORS N V | COM | $498.8k | <0.1% | 1,775 |  | Unchanged |
| [ENLIVEN THERAPEUTICS INC (ELVN)](/companies/elvn.md) | COM | $487.2k | <0.1% | 9,600 |  | Unchanged |
| [FORTIS INC (FTS)](/companies/fts.md) | COM | $452.4k | <0.1% | 7,900 |  | Unchanged |
| [SUNCOR ENERGY INC NEW (SU)](/companies/su.md) | COM | $451.8k | <0.1% | 8,400 |  | Reduced −260,762 |
| [EMERA INC (EMA)](/companies/ema.md) | COM | $449.9k | <0.1% | 8,485 |  | Unchanged |
| MEIRAGTX HLDGS PLC | COM | $432.3k | <0.1% | 32,000 |  | Unchanged |
| GH RESEARCH PLC | ORDINARY SHARES | $414.6k | <0.1% | 15,425 |  | New +15,425 |
| [ERO COPPER CORP (ERO)](/companies/ero.md) | COM | $392.4k | <0.1% | 14,700 |  | Unchanged |
| [ALBEMARLE CORP (ALB)](/companies/alb.md) | COM | $334.2k | <0.1% | 2,475 |  | Unchanged |
| [BICARA THERAPEUTICS INC (BCAX)](/companies/bcax.md) | COM | $331.8k | <0.1% | 11,175 |  | Unchanged |
| NEWAMSTERDAM PHARMA COMPANY | ORDINARY SHARES | $321.1k | <0.1% | 9,475 |  | Reduced −2,300 |
| [ARS PHARMACEUTICALS INC (SPRY)](/companies/spry.md) | COM | $320.8k | <0.1% | 40,050 |  | Added +15,350 |
| [CABALETTA BIO INC (CABA)](/companies/caba.md) | COM | $281.4k | <0.1% | 90,475 |  | Unchanged |
| [SYNDAX PHARMACEUTICALS INC (SNDX)](/companies/sndx.md) | COM | $272.2k | <0.1% | 12,450 |  | New +12,450 |
| AMRIZE LTD | SHS | $262.3k | <0.1% | 4,941 |  | Unchanged |
| [AMAZON COM INC (AMZN)](/companies/amzn.md) | COM | $262.2k | <0.1% | 1,100 |  | New +1,100 |
| [CANDEL THERAPEUTICS INC (CADL)](/companies/cadl.md) | COM | $258.0k | <0.1% | 25,050 |  | New +25,050 |
| [KIMBERLY-CLARK CORP (KMB)](/companies/kmb.md) | COM | $245.9k | <0.1% | 2,240 |  | Unchanged |
| [LIQUIDIA CORPORATION (LQDA)](/companies/lqda.md) | COM NEW | $231.2k | <0.1% | 2,900 |  | New +2,900 |
| [APPLE INC (AAPL)](/companies/aapl.md) | COM | $217.0k | <0.1% | 750 |  | New +750 |
| [ORACLE CORP (ORCL)](/companies/orcl.md) | COM | $208.1k | <0.1% | 1,420 |  | Unchanged |
| [MASTERCARD INCORPORATED (MA)](/companies/ma.md) | CL A | $205.4k | <0.1% | 400 |  | New +400 |
| [DENALI THERAPEUTICS INC (DNLI)](/companies/dnli.md) | COM | $201.9k | <0.1% | 7,850 |  | New +7,850 |
| [AURA BIOSCIENCES INC (AURA)](/companies/aura.md) | COM | $200.9k | <0.1% | 28,300 |  | Unchanged |
| [IAMGOLD CORP (IAG)](/companies/iag.md) | COM | $197.9k | <0.1% | 12,500 |  | New +12,500 |
| [TENAX THERAPEUTICS INC (TENX)](/companies/tenx.md) | COM NEW | $155.0k | <0.1% | 10,650 |  | Unchanged |
| [AQUESTIVE THERAPEUTICS INC (AQST)](/companies/aqst.md) | COM | $147.0k | <0.1% | 35,325 |  | Unchanged |
| [TSCAN THERAPEUTICS INC (TCRX)](/companies/tcrx.md) | COM | $94.0k | <0.1% | 95,875 |  | Unchanged |
| [ALDEYRA THERAPEUTICS INC (ALDX)](/companies/aldx.md) | COM | $36.8k | <0.1% | 17,300 |  | Unchanged |
| [HUMACYTE INC (HUMA)](/companies/huma.md) | COM | $35.9k | <0.1% | 45,950 |  | Unchanged |
| [PROKIDNEY CORP (PROK)](/companies/prok.md) | SHS CL A | $32.4k | <0.1% | 15,900 |  | Unchanged |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [ALPHABET INC (GOOGL)](/companies/googl.md) | CAP STK CL A | $0 | 0.0% | 0 |  | Sold out −1,092 |
| GOSSAMER BIO INC | COM | $0 | 0.0% | 0 |  | Sold out −39,400 |
| [REPLIMUNE GROUP INC (REPL)](/companies/repl.md) | COM | $0 | 0.0% | 0 |  | Sold out −10,800 |

Source: SEC EDGAR, Form 13F-HR, accession 0001297496-26-000007. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.