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Institutional Investment Manager
LETKO, BROSSEAU & ASSOCIATES INC
LETKO, BROSSEAU & ASSOCIATES INC (CIK: 0001297496), located at 1800, Mcgill College, Suite 2510, Montreal, A8. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q4)
Portfolio Summary: 106 holdings with a total value of $9,664,596,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 FIRST SOLAR INC 770,457 50,842,000 0.53%
52 MEDTRONIC PLC 673,455 51,802,000 0.54%
53 TELEFONAKTIEBOLAGET LM ERICS 5,503,501 52,889,000 0.55%
54 FREEPORT-MCMORAN INC 8,564,526 57,982,000 0.60%
55 DICKS SPORTING GOODS INC 1,645,200 58,158,000 0.60%
56 CAMECO CORP 5,011,361 61,809,000 0.64%
57 HESS CORP 1,458,973 70,731,000 0.73%
58 ORACLE CORP 1,996,050 72,916,000 0.75%
59 JOHNSON CTLS INTL PLC 1,860,100 73,455,000 0.76%
60 BAXALTA INC COM 1,936,645 75,587,000 0.78%
61 PROCTER AND GAMBLE CO 1,019,166 80,932,000 0.84%
62 DEVON ENERGY CORP NEW 2,703,240 86,504,000 0.90%
63 ENCANA CORP 17,625,001 89,526,000 0.93%
64 TECK RESOURCES LTD 23,379,656 90,208,000 0.93%
65 HUDBAY MINERALS INC 23,682,044 90,861,000 0.94%
66 CAE INC 8,531,416 94,622,000 0.98%
67 PEPSICO INC 973,607 97,283,000 1.01%
68 KIMBERLY CLARK CORP 778,646 99,122,000 1.03%
69 VODAFONE GROUP PLC NEW 3,113,710 100,448,000 1.04%
70 STATE STR CORP 1,523,859 101,123,000 1.05%
71 MERCK & CO INC 1,958,902 103,469,000 1.07%
72 UNITED PARCEL SERVICE INC 1,139,053 109,611,000 1.13%
73 FRESH DEL MONTE PRODUCE INC COM 2,842,149 110,503,000 1.14%
74 GOODYEAR TIRE & RUBR CO 3,633,882 118,719,000 1.23%
75 WAL-MART STORES INC 2,145,322 131,508,000 1.36%
76 INTEL CORP 3,969,429 136,747,000 1.41%
77 COMCAST CORP NEW 2,538,419 143,243,000 1.48%
78 CONOCOPHILLIPS 3,320,748 155,046,000 1.60%
79 AGRIUM INC 1,739,623 155,447,000 1.61%
80 GILEAD SCIENCES INC 1,536,553 155,484,000 1.61%
81 BROOKFIELD PPTY PARTNERS L P 6,690,232 155,751,000 1.61%
82 MAGNA INTL INC 3,873,081 157,050,000 1.63%
83 CENOVUS ENERGY INC 12,689,882 160,457,000 1.66%
84 INTERNATIONAL BUSINESS MACHS 1,187,615 163,440,000 1.69%
85 ROYAL DUTCH SHELL PLC 3,609,657 165,286,000 1.71%
86 JOHNSON & JOHNSON 1,610,229 165,403,000 1.71%
87 PFIZER INC 5,543,124 178,932,000 1.85%
88 CISCO SYS INC 7,087,703 192,467,000 1.99%
89 CELESTICA INC 18,332,736 202,667,000 2.10%
90 GENERAL ELECTRIC CO 7,310,039 227,708,000 2.36%
91 BANK AMER CORP 13,813,941 232,489,000 2.41%
92 AT&T INC 6,792,603 233,733,000 2.42%
93 CITIGROUPINC 4,543,210 235,111,000 2.43%
94 ROGERS COMMUNICATIONS INC 6,890,099 237,569,000 2.46%
95 VERIZON COMMUNICATIONS INC 5,244,191 242,387,000 2.51%
96 BCE INC 6,466,052 249,765,000 2.58%
97 TORONTO DOMINION BK ONT 6,752,845 264,649,000 2.74%
98 THOMSON REUTERS CORP 7,171,782 271,585,000 2.81%
99 TELUS CORP 9,865,102 272,716,000 2.82%
100 ROYAL BK CDA MONTREAL QUE 5,271,572 282,433,000 2.92%
Page 2 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001297496-16-000021, filed 2016.02.08).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.