Letko, Brosseau & Associates Inc Q3 2022 vs. Q4 2022 13F Holdings Comparison

As the third quarter of 2022 drew to a close, Letko, Brosseau & Associates Inc filed their 13F holdings, giving a glimpse into the company's investments. The latest 13F filings revealed that Letko, Brosseau & Associates Inc had increased their holdings in some companies while reducing their stakes in others. In this blog post, we'll take a closer look at the changes in holdings of the fund between Q3 2022 and Q4 2022, and what these changes could mean for investors.

Letko, Brosseau & Associates Inc's Top Investments

Letko, Brosseau & Associates Inc's portfolio is diverse, with investments in various sectors, including finance, technology, energy, and healthcare. As of Q4 2022, the top holdings of the fund included MFC.TO, BNS.TO, and Toronto Dominion Bank. The company reduced its stake in Toronto Dominion Bank, with the number of shares decreasing from 3,173,422 in Q3 2022 to 3,111,852 in Q4 2022. At the same time, Letko, Brosseau & Associates Inc increased its stake in MFC.TO, with the number of shares rising from 14,077,881 in Q3 2022 to 13,519,766 in Q4 2022.

Another notable change in Letko, Brosseau & Associates Inc's holdings was its investment in Nutrien Ltd. The number of shares the company held in the fertilizer company dropped from 2,186,010 in Q3 2022 to 2,123,275 in Q4 2022. The company also reduced its stake in BCE Inc from 3,601,345 in Q3 2022 to 3,491,711 in Q4 2022.

Letko, Brosseau & Associates Inc's Investments in the Energy Sector

Letko, Brosseau & Associates Inc has numerous investments in the energy sector, with investments in companies such as Cenovus Energy, Canadian Natural Resources, and ConocoPhillips. The company reduced its stake in Canadian Natural Resources, with the number of shares decreasing from 2,194,083 in Q3 2022 to 1,828,333 in Q4 2022. Similarly, Letko, Brosseau & Associates Inc's holdings in Cenovus Energy also reduced, with the number of shares decreasing from 7,498,907 in Q3 2022 to 6,210,327 in Q4 2022.

On the other hand, the company increased its stake in ConocoPhillips, with the number of shares increasing from 531,709 in Q3 2022 to 467,809 in Q4 2022. Letko, Brosseau & Associates Inc also invested in Shell PLC, with the number of shares held by the company rising from 968,837 in Q3 2022 to 944,167 in Q4 2022.

Letko, Brosseau & Associates Inc's Investments in Technology Companies

Letko, Brosseau & Associates Inc has numerous investments in the technology sector, with investments in companies such as Alphabet Inc, Cisco Systems Inc, and Oracle Corp. One of the most significant changes in Letko, Brosseau & Associates Inc's technology investments was its stake in Open Text Corp. The company did not hold any shares in the software and services company till Q3 2022, but in Q4 2022, its holdings rose to 2,599,023 shares.

The company also reduced its holdings in Alphabet Inc, with the number of shares decreasing from 800,955 in Q3 2022 to 799,925 in Q4 2022. Letko, Brosseau & Associates Inc increased its stake in Oracle Corp, with the number of shares held by the company increasing from 745,222 in Q3 2022 to 729,142 in Q4 2022.

Conclusion

Letko, Brosseau & Associates Inc's latest 13F filings reveal a mixed bag of investments, with the company increasing its stake in some companies while reducing its stake in others. As of Q4 2022, the company's top holdings include MFC.TO, BNS.TO, and Toronto Dominion Bank. The company also has significant investments in the energy and technology sectors, with investments in companies such as ConocoPhillips and Open Text Corp. While these investments are not guarantees of future success, examining Letko, Brosseau & Associates Inc's holdings can provide insight into the company's investment strategy and market outlook.