LETKO, BROSSEAU & ASSOCIATES INC
Comparing Q4 2025 vs Q3 2025
Sorting applies to all holdings for this quarter on the server, then the page is sliced. Prior-quarter values come from the full prior-quarter filing.
Issuer ▲▼ | Shares | Value ($K) | ||||
|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | |
| CANADIAN NATL RY CO | 0 | 773,340 | +773,340 | 0 | 76,586,471 | +76,586,471 |
| TOTALENERGIES SE | 0 | 1,106,404 | +1,106,404 | 0 | 72,234,544 | +72,234,544 |
| COMPANHIA PARANAENSE DE ENER | 65,756 | 7,276,402 | +7,210,646 | 589,174 | 69,198,583 | +68,609,409 |
| ALPHABET INC | 857,620 | 837,666 | -19,954 | 208,873,351 | 262,859,582 | +53,986,231 |
| BARRICK MNG CORP | 4,900,075 | 4,587,350 | -312,725 | 160,976,303 | 200,093,129 | +39,116,826 |
| ILLUMINA INC | 854,318 | 858,993 | +4,675 | 81,134,580 | 112,665,522 | +31,530,942 |
| MANULIFE FINL CORP | 6,214,467 | 6,151,217 | -63,250 | 193,660,550 | 223,656,141 | +29,995,591 |
| ROYAL BK CDA | 1,501,190 | 1,465,322 | -35,868 | 221,305,227 | 250,133,656 | +28,828,429 |
| MAGNA INTL INC | 4,124,045 | 4,067,800 | -56,245 | 195,443,125 | 217,136,696 | +21,693,571 |
| ROGERS COMMUNICATIONS INC | 6,691,022 | 6,621,447 | -69,575 | 230,391,594 | 250,269,684 | +19,878,090 |
| BANK NOVA SCOTIA HALIFAX | 3,980,065 | 3,725,790 | -254,275 | 257,414,151 | 275,149,897 | +17,735,746 |
| TORONTO DOMINION BK ONT | 3,032,023 | 2,742,748 | -289,275 | 242,492,108 | 258,837,776 | +16,345,668 |
| FEDEX CORP | 216,737 | 223,597 | +6,860 | 51,108,752 | 64,588,227 | +13,479,475 |
| CANADIAN IMPERIAL BANK OF CO | 1,891,602 | 1,812,262 | -79,340 | 151,189,491 | 164,508,306 | +13,318,815 |
| GRAPHIC PACKAGING HLDG CO | 2,074,935 | 3,451,510 | +1,376,575 | 40,606,478 | 51,979,741 | +11,373,263 |
| CITIGROUP INC | 821,495 | 810,460 | -11,035 | 83,381,743 | 94,572,577 | +11,190,834 |
| CEMEX SAB DE CV | 3,697,525 | 3,823,500 | +125,975 | 33,240,750 | 43,932,015 | +10,691,265 |
| BCE INC | 7,045,751 | 7,338,441 | +292,690 | 164,674,301 | 175,276,716 | +10,602,415 |
| GSK PLC | 1,675,968 | 1,674,863 | -1,105 | 72,334,779 | 82,135,282 | +9,800,503 |
| MERCK & CO INC | 353,989 | 370,534 | +16,545 | 29,710,297 | 39,002,409 | +9,292,112 |
| INTEL CORP | 3,024,170 | 2,993,420 | -30,750 | 101,460,904 | 110,457,198 | +8,996,294 |
| SUN LIFE FINANCIAL INC. | 3,195,004 | 3,208,223 | +13,219 | 191,897,718 | 200,532,954 | +8,635,236 |
| NUTRIEN LTD | 2,915,069 | 2,910,084 | -4,985 | 171,229,354 | 179,859,265 | +8,629,911 |
| TRUIST FINL CORP | 1,664,556 | 1,696,756 | +32,200 | 76,103,500 | 83,497,363 | +7,393,863 |
| UNITED PARCEL SERVICE INC | 340,075 | 358,175 | +18,100 | 28,406,465 | 35,527,378 | +7,120,913 |
| STATE STR CORP | 682,126 | 668,226 | -13,900 | 79,133,437 | 86,207,836 | +7,074,399 |
| BIOGEN INC | 120,620 | 129,780 | +9,160 | 16,896,450 | 22,839,983 | +5,943,533 |
| EASTMAN CHEM CO | 1,132,471 | 1,194,421 | +61,950 | 71,402,297 | 76,239,892 | +4,837,595 |
| INVESCO LTD | 1,601,138 | 1,575,463 | -25,675 | 36,730,106 | 41,387,413 | +4,657,307 |
| CVS HEALTH CORP | 1,115,585 | 1,111,860 | -3,725 | 84,103,953 | 88,237,210 | +4,133,257 |
| SPDR SERIES TRUST | 0 | 32,825 | +32,825 | 0 | 3,699,706 | +3,699,706 |
| CREDICORP LTD | 97,271 | 101,221 | +3,950 | 25,901,322 | 29,050,427 | +3,149,105 |
| BANK AMERICA CORP | 985,170 | 979,815 | -5,355 | 50,824,920 | 53,889,825 | +3,064,905 |
| PROFOUND MED CORP | 986,250 | 970,675 | -15,575 | 4,824,097 | 7,627,447 | +2,803,350 |
| RESTAURANT BRANDS INTL INC | 600,517 | 604,192 | +3,675 | 38,532,527 | 41,282,964 | +2,750,437 |
| LULULEMON ATHLETICA INC | 193,634 | 176,638 | -16,996 | 34,453,296 | 36,707,143 | +2,253,847 |
| HDFC BANK LTD | 130,260 | 177,035 | +46,775 | 4,449,682 | 6,468,859 | +2,019,177 |
| CAE INC | 3,251,140 | 3,219,140 | -32,000 | 96,291,131 | 98,024,369 | +1,733,238 |
| COPA HOLDINGS SA | 187,753 | 195,203 | +7,450 | 22,308,811 | 23,543,434 | +1,234,623 |
| MACERICH CO | 1,837,120 | 1,876,270 | +39,150 | 33,435,584 | 34,635,944 | +1,200,360 |
| SALESFORCE INC | 0 | 3,400 | +3,400 | 0 | 900,694 | +900,694 |
| PEMBINA PIPELINE CORP | 14,650 | 23,250 | +8,600 | 592,465 | 886,918 | +294,453 |
| AQUESTIVE THERAPEUTICS INC | 0 | 35,325 | +35,325 | 0 | 228,200 | +228,200 |
| FREEPORT-MCMORAN INC | 6,925 | 9,625 | +2,700 | 271,599 | 488,854 | +217,255 |
| CABALETTA BIO INC | 0 | 90,475 | +90,475 | 0 | 198,140 | +198,140 |
| BICARA THERAPEUTICS INC | 0 | 11,175 | +11,175 | 0 | 188,075 | +188,075 |
| ALBEMARLE CORP | 2,475 | 2,475 | 0 | 200,673 | 350,064 | +149,391 |
| TENAX THERAPEUTICS INC | 0 | 10,650 | +10,650 | 0 | 129,824 | +129,824 |
| CONOCOPHILLIPS | 425,194 | 430,664 | +5,470 | 40,219,100 | 40,314,457 | +95,357 |
| ING GROEP N.V. | 49,125 | 48,925 | -200 | 1,281,180 | 1,369,900 | +88,720 |
| SCHWAB CHARLES CORP | 19,746 | 19,746 | 0 | 1,885,151 | 1,972,823 | +87,672 |
| VALE S A | 36,650 | 36,650 | 0 | 398,019 | 477,550 | +79,531 |
| NEWAMSTERDAM PHARMA COMPANY | 11,775 | 11,775 | 0 | 334,881 | 413,067 | +78,186 |
| ALPHABET INC | 1,092 | 1,092 | 0 | 265,465 | 341,796 | +76,331 |
| REPLIMUNE GROUP INC | 10,800 | 10,800 | 0 | 45,252 | 104,976 | +59,724 |
| FRANKLIN TEMPLETON ETF TR | 22,175 | 22,950 | +775 | 826,906 | 885,641 | +58,735 |
| ERO COPPER CORP | 18,000 | 14,700 | -3,300 | 364,683 | 416,415 | +51,732 |
| PALVELLA THERAPEUTICS INC NE | 5,200 | 3,500 | -1,700 | 325,988 | 366,345 | +40,357 |
| ARS PHARMACEUTICALS INC | 24,700 | 24,700 | 0 | 248,235 | 287,755 | +39,520 |
| GOSSAMER BIO INC | 39,400 | 39,400 | 0 | 103,622 | 122,140 | +18,518 |
| AMRIZE LTD | 5,316 | 4,941 | -375 | 256,496 | 271,732 | +15,236 |
| EMERA INC | 8,485 | 8,485 | 0 | 407,175 | 418,694 | +11,519 |
| FORTIS INC | 7,900 | 7,900 | 0 | 400,791 | 411,267 | +10,476 |
| ALDEYRA THERAPEUTICS INC | 17,300 | 17,300 | 0 | 90,306 | 89,614 | -692 |
| PROKIDNEY CORP | 15,900 | 15,900 | 0 | 38,478 | 35,616 | -2,862 |
| MEIRAGTX HLDGS PLC | 32,000 | 32,000 | 0 | 263,360 | 254,400 | -8,960 |
| NXP SEMICONDUCTORS N V | 1,775 | 1,775 | 0 | 404,221 | 385,282 | -18,939 |
| AURA BIOSCIENCES INC | 28,300 | 28,300 | 0 | 174,894 | 154,235 | -20,659 |
| MICROSOFT CORP | 638 | 639 | +1 | 330,452 | 309,033 | -21,419 |
| HUMACYTE INC | 45,950 | 45,950 | 0 | 79,953 | 44,135 | -35,818 |
| TSCAN THERAPEUTICS INC | 95,875 | 95,875 | 0 | 174,493 | 95,875 | -78,618 |
| SMURFIT WESTROCK PLC | 91,484 | 97,909 | +6,425 | 3,894,474 | 3,786,141 | -108,333 |
| COMCAST CORP NEW | 2,163,246 | 2,265,221 | +101,975 | 67,969,189 | 67,707,456 | -261,733 |
| ORACLE CORP | 2,420 | 1,420 | -1,000 | 680,601 | 276,772 | -403,829 |
| ICICI BANK LIMITED | 437,752 | 427,852 | -9,900 | 13,233,243 | 12,749,990 | -483,253 |
| CHEVRON CORP NEW | 133,429 | 132,485 | -944 | 20,720,188 | 20,192,039 | -528,149 |
| CENOVUS ENERGY INC | 6,005,443 | 5,949,541 | -55,902 | 101,989,807 | 100,783,033 | -1,206,774 |
| SPRINKLR INC | 1,699,575 | 1,435,075 | -264,500 | 13,120,719 | 11,164,884 | -1,955,835 |
| MODERNA INC | 913,390 | 726,440 | -186,950 | 23,592,864 | 21,422,716 | -2,170,148 |
| ABBVIE INC | 290,909 | 285,104 | -5,805 | 67,357,067 | 65,143,416 | -2,213,651 |
| COMPANHIA DE SANEAMENTO BASI | 2,248,029 | 2,216,854 | -31,175 | 55,953,442 | 52,871,968 | -3,081,474 |
| VERIZON COMMUNICATIONS INC | 1,657,716 | 1,712,944 | +55,228 | 72,856,618 | 69,768,209 | -3,088,409 |
| CIRRUS LOGIC INC | 452,079 | 450,284 | -1,795 | 56,640,978 | 53,358,654 | -3,282,324 |
| WELLS FARGO CO NEW | 681,494 | 577,544 | -103,950 | 57,122,827 | 53,827,101 | -3,295,726 |
| ADOBE INC | 236,110 | 226,696 | -9,414 | 83,287,803 | 79,341,331 | -3,946,472 |
| TECK RESOURCES LTD | 1,438,342 | 1,216,592 | -221,750 | 63,109,659 | 58,320,088 | -4,789,571 |
| ADIENT PLC | 1,496,836 | 1,576,385 | +79,549 | 36,043,811 | 30,219,300 | -5,824,511 |
| PFIZER INC | 4,038,438 | 3,878,438 | -160,000 | 102,899,400 | 96,573,106 | -6,326,294 |
| WEST FRASER TIMBER CO LTD | 1,149,169 | 1,171,348 | +22,179 | 78,139,197 | 71,754,946 | -6,384,251 |
| ENERFLEX LTD | 4,974,436 | 2,815,688 | -2,158,748 | 53,662,703 | 43,465,226 | -10,197,477 |
| SUNCOR ENERGY INC NEW | 2,067,377 | 1,661,252 | -406,125 | 86,534,452 | 73,830,729 | -12,703,723 |
| AT&T INC | 4,103,475 | 4,130,100 | +26,625 | 115,882,134 | 102,591,684 | -13,290,450 |
| BANK MONTREAL QUE | 1,774,869 | 1,674,225 | -100,644 | 231,329,963 | 217,713,373 | -13,616,590 |
| META PLATFORMS INC | 198,596 | 198,547 | -49 | 145,844,932 | 131,058,895 | -14,786,037 |
| TELUS CORPORATION | 6,627,062 | 6,775,387 | +148,325 | 104,402,184 | 89,415,831 | -14,986,353 |
| SKYWORKS SOLUTIONS INC | 781,697 | 671,432 | -110,265 | 60,175,035 | 42,575,503 | -17,599,532 |
| WALMART INC | 396,511 | 207,606 | -188,905 | 40,864,424 | 23,129,384 | -17,735,040 |
| HUDBAY MINERALS INC | 3,531,808 | 1,569,583 | -1,962,225 | 53,507,627 | 31,202,726 | -22,304,901 |
| OPEN TEXT CORP | 5,653,268 | 5,681,093 | +27,825 | 211,357,626 | 185,259,790 | -26,097,836 |
| SHELL PLC | 634,977 | 9,085 | -625,892 | 45,419,905 | 667,566 | -44,752,339 |