Scheer, Rowlett & Associates Investment Management Ltd.

CIK

1426327

Location

TORONTO, A6

Portfolio Value

Mid $1,390,646,830

Diversification

Diversified

Filing Date

Global Rank

#2,046 / 8,818 ▼ 201

Top Industry

Banks - Diversified 32.0%

Period ended 4 months ago

Filed Aug 13, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 65.5% of the book (60%+)

Turnover

Low turnover

18.1% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 20.0 quarters (12+), a floor since 56.5% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 98.7%; sector active share 61.7% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

30 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

14.8%

+2.7 pts

Top 5

44.2%

+4.5 pts

Top 10

65.5%

+2.4 pts

HHI

626

Diversified+87

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	41.1%	$571,624,232	5
Energy	17.0%	$236,347,401	5
Basic Materials	15.2%	$210,980,648	7
Industrials	14.9%	$206,571,927	7
Communication Services	5.5%	$75,806,869	2
Consumer Cyclical	3.6%	$49,749,719	2
Technology	2.8%	$39,566,034	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

8 positions

Ticker	Company	Δ Shares	Shares	Value
TU	Telus Corp	+769,733	3,993,829	$42,214,772
ASTL	Algoma Steel Group Inc.	+638,910	3,846,390	$15,577,879
GIL	Gildan Activewear Inc.	+206,141	464,399	$23,962,988
AEM	Agnico Eagle Mines Ltd	+200,156	208,743	$32,382,301
DSGX	Descartes Systems Group Inc	+59,833	218,527	$15,130,809
NTR	Nutrien Ltd.	+40,566	328,425	$20,674,353
TRI	Thomson Reuters Corp	+17,247	112,198	$9,163,210
FNV	FRANCO NEVADA Corp	+11,712	171,766	$35,802,905
No positions match the current search.

Trimmed

Positions the filer reduced

20 positions

Ticker	Company	Δ Shares	Shares	Value
AGI	Alamos Gold Inc	−577,409	179,580	$5,448,457
CVE	Cenovus Energy Inc.	−408,528	2,680,018	$66,491,246
TRP	Tc Energy Corp	−162,583	641,071	$42,496,596
BMO	Bank Of Montreal	−148,731	447,594	$79,089,859
CNQ	CANADIAN NATURAL RESOURCES Ltd	−118,797	643,233	$25,407,703
SU	Suncor Energy Inc	−67,857	1,279,194	$68,667,133
TD	Toronto Dominion Bank	−57,556	1,310,657	$159,153,079
RY	Royal Bank Of Canada	−43,554	997,064	$206,362,336
TFII	TFI International Inc.	−33,759	208,421	$29,923,002
BN	BROOKFIELD Corp	−13,371	1,942,657	$82,737,761
B	Barrick Mining Corp	−11,092	2,035,333	$74,757,781
RCI	Rogers Communications Inc	−8,736	1,033,603	$33,592,097
OR	OR Royalties Inc.	−7,795	832,658	$26,336,972
ATS	ATS Corp	−6,669	1,175,268	$33,824,213
GIB	Cgi Inc	−5,495	378,430	$24,435,225
CNI	Canadian National Railway Co	−5,379	727,812	$86,784,302
CP	Canadian Pacific Kansas City Ltd	−3,958	420,738	$36,456,947
QSR	Restaurant Brands International Inc.	−3,599	355,630	$25,786,731
ENB	Enbridge Inc	−3,585	613,996	$33,284,723
MFC	Manulife Financial Corp	−1,335	1,093,093	$44,281,197
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
CAE	Cae Inc	410,130	$10,277,857
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
TECK	Teck Resources Ltd	277,200	$14,345,100
MGA	Magna International Inc	185,467	$10,350,913
MEOH	Methanex Corp	162,425	$9,670,784
OTEX	Open Text Corp	256,800	$5,711,232
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

30 tracked positions · $1,390,646,830 total · filing declares 30 positions · $1,391,197,687 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Energy Financial Services Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
RY	Royal Bank Of Canada Financial Services	Reduced	997,064	-43,554	$206,362,336	+22.6%	26+	before history	14.84%
TD	Toronto Dominion Bank Financial Services	Reduced	1,310,657	-57,556	$159,153,079	+24.7%	26+	before history	11.44%
CNI	Canadian National Railway Co Industrials	Reduced	727,812	-5,379	$86,784,302	+15.2%	26+	before history	6.24%
BN	BROOKFIELD Corp Financial Services	Reduced	1,942,657	-13,371	$82,737,761	+4.5%	15	unpriced	5.95%
BMO	Bank Of Montreal Financial Services	Reduced	447,594	-148,731	$79,089,859	−2.0%	22	unpriced	5.69%
B	Barrick Mining Corp Basic Materials	Reduced	2,035,333	-11,092	$74,757,781	−10.4%	5	$19.55	5.38%
SU	Suncor Energy Inc Energy	Reduced	1,279,194	-67,857	$68,667,133	−22.9%	26+	before history	4.94%
CVE	Cenovus Energy Inc. Energy	Reduced	2,680,018	-408,528	$66,491,246	−18.9%	26+	before history	4.78%
MFC	Manulife Financial Corp Financial Services	Reduced	1,093,093	-1,335	$44,281,197	+17.5%	20	$20.90	3.18%
TRP	Tc Energy Corp Energy	Reduced	641,071	-162,583	$42,496,596	−15.5%	26+	before history	3.06%
TU	Telus Corp Communication Services	Added	3,993,829	+769,733	$42,214,772	+2.1%	26+	before history	3.04%
CP	Canadian Pacific Kansas City Ltd Industrials	Reduced	420,738	-3,958	$36,456,947	+9.1%	13	$78.64	2.62%
FNV	FRANCO NEVADA Corp Basic Materials	Added	171,766	+11,712	$35,802,905	−9.5%	4	$190.34	2.57%
ATS	ATS Corp Industrials	Reduced	1,175,268	-6,669	$33,824,213	+1.5%	7	$28.44	2.43%
RCI	Rogers Communications Inc Communication Services	Reduced	1,033,603	-8,736	$33,592,097	−16.2%	26+	before history	2.42%
ENB	Enbridge Inc Energy	Reduced	613,996	-3,585	$33,284,723	−0.5%	26+	before history	2.39%
AEM	Agnico Eagle Mines Ltd Basic Materials	Added	208,743	+200,156	$32,382,301	+1757.9%	18	$181.70	2.33%
TFII	TFI International Inc. Industrials	Reduced	208,421	-33,759	$29,923,002	+13.7%	4	$92.11	2.15%
OR	OR Royalties Inc. Basic Materials	Reduced	832,658	-7,795	$26,336,972	−17.6%	5	$24.09	1.89%
QSR	Restaurant Brands International Inc. Consumer Cyclical	Reduced	355,630	-3,599	$25,786,731	−2.9%	19	$59.76	1.85%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Reduced	643,233	-118,797	$25,407,703	−31.6%	26+	before history	1.83%
GIB	Cgi Inc Technology	Reduced	378,430	-5,495	$24,435,225	−12.9%	25	$87.54	1.76%
GIL	Gildan Activewear Inc. Consumer Cyclical	Added	464,399	+206,141	$23,962,988	+66.7%	4	$55.26	1.72%
NTR	Nutrien Ltd. Basic Materials	Added	328,425	+40,566	$20,674,353	−4.8%	26+	before history	1.49%
ASTL	Algoma Steel Group Inc. Basic Materials	Added	3,846,390	+638,910	$15,577,879	+17.6%	13	$6.69	1.12%
DSGX	Descartes Systems Group Inc Technology	Added	218,527	+59,833	$15,130,809	+33.2%	2	$73.15	1.09%
CAE	Cae Inc Industrials	NEW	410,130	NEW	$10,277,857	NEW	1	$25.89	0.74%
TRI	Thomson Reuters Corp Industrials	Added	112,198	+17,247	$9,163,210	+7.3%	2	$101.22	0.66%
AGI	Alamos Gold Inc Basic Materials	Reduced	179,580	-577,409	$5,448,457	−83.8%	3	$38.74	0.39%
CNH	CNH Industrial N.V. Industrials	Held	12,680	0	$142,396	+2.1%	3	$9.99	0.01%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.