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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 (2016Q4)
Portfolio Summary: 97 holdings with a total value of $10,903,507,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 CANADIAN NAT RES LTD 14,458,638 460,777,000 4.23%
2 SUNCOR ENERGY INC NEW 13,932,405 455,524,000 4.18%
3 BANK MONTREAL QUE 5,626,727 404,687,000 3.71%
4 BANK N S HALIFAX 7,188,335 400,238,000 3.67%
5 ROYAL BK CDA MONTREAL QUE 5,432,088 367,628,000 3.37%
6 SUN LIFE FINL INC 9,435,529 362,256,000 3.32%
7 MANULIFE FINL CORP 19,807,762 352,725,000 3.23%
8 TORONTO DOMINION BK ONT 6,886,729 339,643,000 3.11%
9 TELUS CORP 10,460,282 333,043,000 3.05%
10 TECK RESOURCES LTD 16,441,388 329,024,000 3.02%
11 THOMSON REUTERS CORP 6,448,143 282,187,000 2.59%
12 BANK AMER CORP 12,652,160 279,613,000 2.56%
13 BCE INC 6,300,898 272,318,000 2.50%
14 ROGERS COMMUNICATIONS INC 6,661,047 256,927,000 2.36%
15 AT&T INC 5,886,490 250,352,000 2.30%
16 MAGNA INTL INC 5,752,161 249,759,000 2.29%
17 CELESTICA INC 20,910,848 247,778,000 2.27%
18 CITIGROUP INC 4,128,031 245,329,000 2.25%
19 VERIZON COMMUNICATIONS INC 4,521,044 241,333,000 2.21%
20 CENOVUS ENERGY INC 13,821,342 208,962,000 1.92%
21 ENCANA CORP 17,055,967 200,195,000 1.84%
22 AGRIUM INC 1,824,138 183,351,000 1.68%
23 GENERAL ELECTRIC CO 5,726,902 180,970,000 1.66%
24 CISCO SYS INC 5,888,687 177,956,000 1.63%
25 ROYAL DUTCH SHELL PLC 3,248,701 176,664,000 1.62%
26 INTERNATIONAL BUSINESS MACHS 1,032,525 171,389,000 1.57%
27 MERCK & CO INC 2,563,429 150,909,000 1.38%
28 HUDBAY MINERALS INC COM 26,275,969 150,294,000 1.38%
29 CONOCOPHILLIPS 2,940,930 147,458,000 1.35%
30 COMCAST CORP NEW 2,090,667 144,361,000 1.32%
31 BROOKFIELD PPTY PARTNERS L P 6,428,551 140,426,000 1.29%
32 PFIZER INC 4,298,759 139,624,000 1.28%
33 STATE STR CORP 1,749,885 136,001,000 1.25%
34 INTEL CORP 3,446,915 125,020,000 1.15%
35 WAL-MART STORES INC 1,769,721 122,323,000 1.12%
36 FREEPORT-MCMORAN INC 8,597,951 113,407,000 1.04%
37 NORBORD INC 4,331,466 109,392,000 1.00%
38 DEVON ENERGY CORP NEW 2,361,027 107,828,000 0.99%
39 UNITED PARCEL SERVICE INC 923,200 105,836,000 0.97%
40 GILEAD SCIENCES INC 1,403,185 100,482,000 0.92%
41 GOODYEAR TIRE & RUBB 3,143,390 97,036,000 0.89%
42 CAE INC 6,590,808 92,184,000 0.85%
43 JOHNSON & JOHNSON 793,205 91,385,000 0.84%
44 HESS CORP 1,296,985 80,789,000 0.74%
45 ENERPLUS CORP 8,494,175 80,596,000 0.74%
46 LIFEPOINT HOSPS INC 1,386,589 78,758,000 0.72%
47 HEWLETT PACKARD ENTERPRISE C 3,353,352 77,597,000 0.71%
48 ORACLE CORP 1,849,675 71,120,000 0.65%
49 BB&T CORP 1,409,920 66,294,000 0.61%
50 VODAFONE GROUP PLC NEW 2,644,065 64,595,000 0.59%
Page 1 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001297496-17-000007, filed 2017.02.13).

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.