Institutional Manager · CIK 0001426327
Scheer, Rowlett & Associates Investment Management Ltd.
TORONTO, A6 · File #028-12691
Latest AUM
$1.46B
Positions
32
Top-10 Concentration
61.5%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | ROYAL BK CDA | 780087102 | -260,065 | -$44.3M | +$29.6M |
| REDUCE | TORONTO DOMINION BK ONT | TORO | -370,057 | -$34.9M | +$28.1M |
| EXITED | CANADIAN IMPERIAL BANK OF CO | 136069101 | -411,706 | -$32.9M | $0 |
| REDUCE | TC ENERGY CORP | TRPRF | -553,773 | -$30.5M | +$1.1M |
| REDUCE | ROGERS COMMUNICATIONS INC | RCIAF | -736,004 | -$27.8M | +$6.5M |
| REDUCE | BARRICK MNG CORP | 06849F108 | -608,032 | -$26.5M | +$31.7M |
| ADD | BROOKFIELD CORP | 11271J107 | +466,750 | +$21.4M | -$35.5M |
| REDUCE | MAGNA INTL INC | 559222401 | -385,312 | -$20.5M | +$4.7M |
| NEW | ALAMOS GOLD INC NEW | AGI | +436,945 | +$16.9M | $0 |
| REDUCE | BANK MONTREAL QUE | 063671101 | -129,676 | -$16.8M | -$243,020 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202532 pos · $1.46B
- 13F HOLDINGS REPORTQ/E Sep 202532 pos · $1.68B
- 13F HOLDINGS REPORTQ/E Jun 202531 pos · $1.54B
- 13F HOLDINGS REPORTQ/E Mar 202537 pos · $1.35B
- 13F HOLDINGS REPORTQ/E Dec 202437 pos · $1.37B
- 13F HOLDINGS REPORTQ/E Sep 202438 pos · $1.43B
- 13F HOLDINGS REPORTQ/E Jun 202435 pos · $1.31B
- 13F HOLDINGS REPORTQ/E Mar 202433 pos · $1.35B
- 13F HOLDINGS REPORTQ/E Dec 202332 pos · $1.19B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | ROYAL BK CDA | 780087102 | 1,018,409 | $173.6M | 11.91% |
| 2 | TORONTO DOMINION BK ONT | TORO | 1,593,176 | $150.2M | 10.30% |
| 3 | BARRICK MNG CORP | 06849F108 | 2,347,731 | $102.3M | 7.02% |
| 4 | BROOKFIELD CORP | 11271J107 | 2,031,480 | $93.3M | 6.40% |
| 5 | CANADIAN NATL RY CO | 136375102 | 761,487 | $75.3M | 5.17% |
| 6 | BANK NOVA SCOTIA HALIFAX | 064149107 | 940,485 | $69.4M | 4.76% |
| 7 | SUNCOR ENERGY INC NEW | SU | 1,398,002 | $62.1M | 4.26% |
| 8 | BANK MONTREAL QUE | 063671101 | 464,627 | $60.3M | 4.14% |
| 9 | CENOVUS ENERGY INC | CVE | 3,448,636 | $58.3M | 4.00% |
| 10 | TC ENERGY CORP | TRPRF | 934,851 | $51.5M | 3.53% |
| 11 | MANULIFE FINL CORP | 56501R106 | 1,302,110 | $47.3M | 3.24% |
| 12 | ROGERS COMMUNICATIONS INC | RCIAF | 1,229,758 | $46.4M | 3.18% |
| 13 | TELUS CORPORATION | TU | 3,350,460 | $44.2M | 3.03% |
| 14 | CGI INC | GIB | 395,129 | $36.5M | 2.50% |
| 15 | ATS CORPORATION | ATS | 1,226,450 | $33.8M | 2.32% |
| 16 | CANADIAN PACIFIC KANSAS CITY | CP | 441,304 | $32.5M | 2.23% |
| 17 | OR ROYALTIES INC. | OR | 877,209 | $31.1M | 2.13% |
| 18 | ENBRIDGE INC | ENNPF | 638,571 | $30.6M | 2.10% |
| 19 | FRANCO NEV CORP | FNV | 143,350 | $29.7M | 2.04% |
| 20 | NUTRIEN LTD | NTR | 458,531 | $28.3M | 1.94% |