LETKO, BROSSEAU & ASSOCIATES INC Information

1800, MCGILL COLLEGE, SUITE 2510, MONTREAL, , H3A 3J6, (514) 499-1200

Report Date: 12/31/2014

Position Statistics

Total Positions 100
New Positions 1
Increased Positions 16
Decreased Positions 64
Positions with Activity 80
Sold Out Positions 2
Total Mkt Value (in $ millions) 10,833

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 8.4%
Capital Goods
Conglomerates
Consumer Cyclical 4.02%
Consumer/Non-Cyclical 4.56%
Energy 18.88%
Financial 24.33%
Healthcare 8.3%
Services 19.03%
Technology 9.27%
Transportation 1.1%
Utilities 0.48%

16 INCREASED Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
VERIZON COMMUNICATIONS INC COM 254,199 4,674 1.87 5,234,744
AT&T INC COM 212,982 2,764 1.32 6,503,256
MAGNA INTL INC COM 205,192 1,549 .76 3,940,694
TECK RESOURCES LTD CL B 179,270 19,582 12.26 12,934,368
INTERNATIONAL BUSINESS MACHS COM 176,303 1,771 1.02 1,099,144
HUDBAY MINERALS INC COM 166,980 2,762 1.68 20,215,505
GILEAD SCIENCES INC COM 157,813 60,353 61.93 1,562,500
BANK N S HALIFAX COM 145,938 4,219 2.98 2,947,046
LOEWS CORP COM 116,659 498 .43 2,902,685
CENOVUS ENERGY INC COM 94,715 3,510 3.85 5,768,280
GLAXOSMITHKLINE PLC SPONSORED ADR 51,462 50,538 5,469.79 1,094,463
BB&T CORP COM 36,595 1,300 3.68 950,775
PENGROWTH ENERGY CORP COM 34,934 60 .17 11,605,850
THOMPSON CREEK METALS CO INC COM 24,162 202 .84 18,031,424
SPDR S&P 500 ETF TR TR UNIT 2,414 57 2.40 11,735
ISHARES TR MSCI UTD KNGDM 389 389 New 21,200