0001297496-11-000027.txt : 20110509 0001297496-11-000027.hdr.sgml : 20110509 20110509153333 ACCESSION NUMBER: 0001297496-11-000027 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110509 DATE AS OF CHANGE: 20110509 EFFECTIVENESS DATE: 20110509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LETKO, BROSSEAU & ASSOCIATES INC CENTRAL INDEX KEY: 0001297496 IRS NUMBER: 000000000 STATE OF INCORPORATION: A8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10940 FILM NUMBER: 11823070 BUSINESS ADDRESS: STREET 1: 1800, MCGILL COLLEGE, SUITE 2510 CITY: MONTREAL STATE: A8 ZIP: H3A 3J6 BUSINESS PHONE: (514) 499-1200 MAIL ADDRESS: STREET 1: 1800, MCGILL COLLEGE, SUITE 2510 CITY: MONTREAL STATE: A8 ZIP: H3A 3J6 13F-HR 1 march2011.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended:March 31, 2011 Check here if Amendment ; Amendment Number: This Amendment (Check only one): is a restatement. adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Letko, Brosseau & Associates Inc. Address:1800 Mc Gill College Av., Suite 2510 Montreal, QC H3A 3J6 Canada Form 13F File Number: 28-10940 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Daniel Brosseau Title: President Phone: (514) 499-1200 Signature, Place, and Date of Signing: DANIEL BROSSEAU Montreal, QC May 9, 2011 [Signature] [City, State] [Date] Report type (Check only one): X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers:0 Form 13F Information Table Entry Total:138 Form 13F information Table Value Total: 10,435,331 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] NONE FORM 13F INFORMATION TABLE VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ADVANTAGE OIL & GAS LTD COM 00765F101 146 16,300 SH SOLE 16,300 AFLAC INC COM 001055102 211 4,000 SH SOLE 4,000 AGRIUM INC COM 008916108 257,305 2,792,906 SH SOLE 2,792,906 ALCATEL-LUCENT SPONSORED ADR 013904305 6,385 1,098,900 SH SOLE 1,098,900 ALCOA INC COM 013817101 374 21,200 SH SOLE 21,200 AMGEN INC COM 031162100 569 10,650 SH SOLE 10,650 APPLE INC COM 037833100 296 850 SH SOLE 850 ASTRAZENECA PLC SPONSORED ADR 046353108 168,045 3,643,640 SH SOLE 3,643,640 AT&T INC COM 00206R102 288,499 9,424,980 SH SOLE 9,424,980 ATLANTIC PWR CORP COM NEW 04878Q863 272 18,000 SH SOLE 18,000 BANK MONTREAL QUE COM 063671101 324,837 5,012,331 SH SOLE 5,012,331 BANK NOVA SCOTIA HALIFAX COM 064149107 88,421 1,444,403 SH SOLE 1,444,403 BANK OF AMERICA CORPORATION COM 060505104 160,904 12,070,841 SH SOLE 12,070,841 BARRICK GOLD CORP COM 067901108 3,676 70,890 SH SOLE 70,890 BCE INC COM NEW 05534B760 371,234 10,243,202 SH SOLE 10,243,202 BROOKFIELD PPTYS CORP COM 112900105 136,136 7,709,600 SH SOLE 7,709,600 BUNGE LIMITED COM G16962105 268 3,700 SH SOLE 3,700 CAE INC COM 124765108 54,604 4,119,860 SH SOLE 4,119,860 CAMECO CORP COM 13321L108 106,079 3,535,237 SH SOLE 3,535,237 CANADIAN NAT RES LTD COM 136385101 136,611 2,769,273 SH SOLE 2,769,273 CANADIAN PAC RY LTD COM 13645T100 177,677 2,770,645 SH SOLE 2,770,645 CAPITAL ONE FINL CORP COM 14040H105 223 4,300 SH SOLE 4,300 CATERPILLAR INC DEL COM 149123101 323 2,900 SH SOLE 2,900 CDN IMPERIAL BK OF COMMERCE COM 136069101 1,950 22,670 SH SOLE 22,670 CELESTICA INC SUB VTG SHS 15101Q108 129,733 12,122,601 SH SOLE 12,122,601 CENOVUS ENERGY INC COM 15135U109 725 18,391 SH SOLE 18,391 CHEVRON CORP NEW COM 166764100 62,731 583,603 SH SOLE 583,603 CHINA MOBILE LIMITED SPONSORED ADR 16941M109 3,275 70,800 SH SOLE 70,800 CISCO SYS INC COM 17275R102 93,730 5,465,320 SH SOLE 5,465,320 CITIGROUP INC COM 172967101 91,854 20,781,505 SH SOLE 20,781,505 COCA COLA CO COM 191216100 299 4,500 SH SOLE 4,500 COMCAST CORP NEW CL A 20030N101 4,871 197,044 SH SOLE 197,044 COMCAST CORP NEW CL A SPL 20030N200 301,729 12,994,359 SH SOLE 12,994,359 COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 62,456 1,063,270 SH SOLE 1,063,270 COMPANHIA PARANAENSE ENERG C SPON ADR PFD 20441B407 85,786 3,086,945 SH SOLE 3,086,945 CONOCOPHILLIPS COM 20825C104 338,156 4,234,358 SH SOLE 4,234,358 CONSTELLATION BRANDS INC CL A 21036P108 213 10,500 SH SOLE 10,500 DELL INC COM 24702R101 488 33,600 SH SOLE 33,600 DEVON ENERGY CORP NEW COM 25179M103 523 5,700 SH SOLE 5,700 DIAGEO P L C SPON ADR NEW 25243Q205 713 9,350 SH SOLE 9,350 DIRECTV COM CL A 25490A101 388 8,300 SH SOLE 8,300 DOW CHEM CO COM 260543103 306 8,100 SH SOLE 8,100 DU PONT E I DE NEMOURS & CO COM 263534109 275 5,000 SH SOLE 5,000 DUKE ENERGY CORP NEW COM 26441C105 466 25,650 SH SOLE 25,650 EATON CORP COM 278058102 255 4,600 SH SOLE 4,600 ENCANA CORP COM 292505104 128,288 3,718,168 SH SOLE 3,718,168 ENSCO PLC SPONSORED ADR 29358Q109 283 4,900 SH SOLE 4,900 ERICSSON L M TEL CO ADR B SEK 10 294821608 159,301 12,387,307 SH SOLE 12,387,307 EXAR CORP COM 300645108 86 14,281 SH SOLE 14,281 EXXON MOBIL CORP COM 30231G102 892 10,600 SH SOLE 10,600 FORD MTR CO DEL COM PAR $0.01 345370860 334 22,400 SH SOLE 22,400 FRANCE TELECOM SPONSORED ADR 35177Q105 234 10,409 SH SOLE 10,409 FRESH DEL MONTE PRODUCE INC ORD G36738105 99,638 3,816,095 SH SOLE 3,816,095 GAP INC DEL COM 364760108 249 11,000 SH SOLE 11,000 GENERAL ELECTRIC CO COM 369604103 251,830 12,560,104 SH SOLE 12,560,104 GERDAU S A SPONSORED ADR 373737105 1,683 134,600 SH SOLE 134,600 GILEAD SCIENCES INC COM 375558103 378 8,900 SH SOLE 8,900 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 807 21,000 SH SOLE 21,000 GOODYEAR TIRE & RUBR CO COM 382550101 51,631 3,446,650 SH SOLE 3,446,650 GROUPE CGI INC CL A SUB VTG 39945C109 96,938 4,633,777 SH SOLE 4,633,777 HESS CORP COM 42809H107 273 3,200 SH SOLE 3,200 HEWLETT PACKARD CO COM 428236103 438 10,700 SH SOLE 10,700 HOME DEPOT INC COM 437076102 234 6,325 SH SOLE 6,325 HSBC HLDGS PLC SPON ADR NEW 404280406 803 15,509 SH SOLE 15,509 HUDBAY MINERALS INC COM 443628102 31,082 1,912,925 SH SOLE 1,912,925 ING GROEP N V SPONSORED ADR 456837103 7,180 564,896 SH SOLE 564,896 INGERSOLL-RAND PLC SHS G47791101 314 6,500 SH SOLE 6,500 INTEL CORP COM 458140100 143,677 7,119,760 SH SOLE 7,119,760 INTERNATIONAL BUSINESS MACHS COM 459200101 669 4,100 SH SOLE 4,100 INTERPUBLIC GROUP COS INC COM 460690100 168 13,400 SH SOLE 13,400 JOHNSON & JOHNSON COM 478160104 159,328 2,689,078 SH SOLE 2,689,078 JPMORGAN CHASE & CO COM 46625H100 715 15,500 SH SOLE 15,500 KB FINANCIAL GROUP INC SPONSORED ADR 48241A105 17,164 329,004 SH SOLE 329,004 KIMBERLY CLARK CORP COM 494368103 177,943 2,726,263 SH SOLE 2,726,263 KOHLS CORP COM 500255104 223 4,200 SH SOLE 4,200 KRAFT FOODS INC CL A 50075N104 82,772 2,639,417 SH SOLE 2,639,417 KROGER CO COM 501044101 206 8,600 SH SOLE 8,600 LG DISPLAY CO LTD SPONS ADR REP 50186V102 685 43,550 SH SOLE 43,550 LIFEPOINT HOSPITALS INC COM 53219L109 178,032 4,428,995 SH SOLE 4,428,995 LOWES COS INC COM 548661107 301 11,400 SH SOLE 11,400 MAGNA INTL INC COM 559222401 95,560 1,997,962 SH SOLE 1,997,962 MANULIFE FINL CORP COM 56501R106 244,356 13,822,210 SH SOLE 13,822,210 MARATHON OIL CORP COM 565849106 164,494 3,085,615 SH SOLE 3,085,615 METLIFE INC COM 59156R108 449 10,049 SH SOLE 10,049 MICROSOFT CORP COM 594918104 462 18,200 SH SOLE 18,200 MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 2,110 99,400 SH SOLE 99,400 MORGAN STANLEY COM NEW 617446448 202 7,400 SH SOLE 7,400 NEWFIELD EXPL CO COM 651290108 251 3,300 SH SOLE 3,300 NEWS CORP CL A 65248E104 311 17,700 SH SOLE 17,700 NEXEN INC COM 65334H102 335,741 13,499,083 SH SOLE 13,499,083 NORDION INC COM 65563C105 450 38,239 SH SOLE 38,239 NORTHROP GRUMMAN CORP COM 666807102 414 6,600 SH SOLE 6,600 OPEN TEXT CORP COM 683715106 41,810 674,487 SH SOLE 674,487 PARKER HANNIFIN CORP COM 701094104 322 3,400 SH SOLE 3,400 PEPSICO INC COM 713448108 129,534 2,011,080 SH SOLE 2,011,080 PFIZER INC COM 717081103 241,450 11,888,210 SH SOLE 11,888,210 PHILIP MORRIS INTL INC COM 718172109 269 4,100 SH SOLE 4,100 PHOTRONICS INC COM 719405102 41,144 4,586,798 SH SOLE 4,586,798 PRECISION DRILLING CORP COM 2010 74022D308 445 32,885 SH SOLE 32,885 PROCTER & GAMBLE CO COM 742718109 137,169 2,226,762 SH SOLE 2,226,762 ROGERS COMMUNICATIONS INC CL B 775109200 214,596 5,917,843 SH SOLE 5,917,843 ROSS STORES INC COM 778296103 249 3,500 SH SOLE 3,500 ROYAL BK CDA MONTREAL QUE COM 780087102 185,868 3,010,941 SH SOLE 3,010,941 ROYAL DUTCH SHELL PLC SPON ADR B 780259107 1,170 15,974 SH SOLE 15,974 ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 243,896 3,347,464 SH SOLE 3,347,464 SANOFI AVENTIS SPONSORED ADR 80105N105 420 11,915 SH SOLE 11,915 SEMICONDUCTOR MFG INTL CORP SPONSORED ADR 81663N206 51,353 13,513,865 SH SOLE 13,513,865 SHAW COMMUNICATIONS INC CL B CONV 82028K200 7,856 373,510 SH SOLE 373,510 SIEMENS A G SPONSORED ADR 826197501 539 3,923 SH SOLE 3,923 STATE STR CORP COM 857477103 120,552 2,682,500 SH SOLE 2,682,500 STATOIL ASA SPONSORED ADR 85771P102 21,823 789,542 SH SOLE 789,542 SUN LIFE FINL INC COM 866796105 194,424 6,200,887 SH SOLE 6,200,887 SUNCOR ENERGY INC NEW COM 867224107 323,331 7,226,622 SH SOLE 7,226,622 TALISMAN ENERGY INC COM 87425E103 494,102 20,032,046 SH SOLE 20,032,046 TECK RESOURCES LTD CL B 878742204 112,692 2,131,046 SH SOLE 2,131,046 TELEFLEX INC COM 879369106 342 5,904 SH SOLE 5,904 TELEFONICA S A SPONSORED ADR 879382208 803 31,851 SH SOLE 31,851 TELUS CORP NON-VTG SHS 87971M202 408,263 8,423,564 SH SOLE 8,423,564 THAI FD INC COM 882904105 3,303 248,141 SH SOLE 248,141 THOMPSON CREEK METALS CO INC COM 884768102 103,953 8,314,550 SH SOLE 8,314,550 THOMSON REUTERS CORP COM 884903105 147,652 3,771,054 SH SOLE 3,771,054 TIME WARNER CABLE INC COM 88732J207 585 8,200 SH SOLE 8,200 TIME WARNER INC COM NEW 887317303 225 6,300 SH SOLE 6,300 TORONTO DOMINION BK ONT COM NEW 891160509 220,624 2,498,863 SH SOLE 2,498,863 TOTAL S A SPONSORED ADR 89151E109 281 4,615 SH SOLE 4,615 TRANSALTA CORP COM 89346D107 287,166 13,653,057 SH SOLE 13,653,057 TRANSCANADA CORP COM 89353D107 127,663 3,156,021 SH SOLE 3,156,021 UBS AG SHS NEW H89231338 344 19,136 SH SOLE 19,136 UNILEVER N V N Y SHS NEW 904784709 3,163 100,861 SH SOLE 100,861 UNILEVER PLC SPON ADR NEW 904767704 2,216 72,384 SH SOLE 72,384 UNITED PARCEL SERVICE INC CL B 911312106 32,593 438,550 SH SOLE 438,550 VERIZON COMMUNICATIONS INC COM 92343V104 135,463 3,514,862 SH SOLE 3,514,862 VIACOM INC NEW CL B 92553P201 214 4,600 SH SOLE 4,600 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 328,361 11,421,265 SH SOLE 11,421,265 WAL MART STORES INC COM 931142103 161,003 3,093,234 SH SOLE 3,093,234 WELLS FARGO & CO NEW COM 949746101 587 18,500 SH SOLE 18,500 WUXI PHARMATECH CAYMAN INC SPONS ADR SHS 929352102 1,660 107,401 SH SOLE 107,401 ZIMMER HLDGS INC COM 98956P102 256 4,225 SH SOLE 4,225