Scheer, Rowlett & Associates Investment Management Ltd. Long-Term Concentrated

Location: Toronto, Ontario, Canada

CIK: 0001426327 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Feb 9, 2024

Total Value: $1.324B (100.0% shares, 0.0% debt)

Holdings (32)

TD TORONTO DOMINION BK ONT 9.3%

Value $123M Shares 1,908,809 Share Price $64.62 * Est. Cost/Share $46.82 Unrealized @ Report Date +28.1%

RY ROYAL BK CDA 8.3%

Value $110M Shares 1,086,800 Share Price $101.13 * Est. Cost/Share $70.35 Unrealized @ Report Date +25.2%

TRP TC ENERGY CORP 6.1%

Value $80.22M Shares 2,053,514 Share Price $39.06 * Est. Cost/Share $34.41 Unrealized @ Report Date -4.1%

BNS BANK NOVA SCOTIA HALIFAX 5.8%

Value $76.76M Shares 1,576,883 Share Price $48.68 * Est. Cost/Share $36.46 Unrealized @ Report Date +8.4%

SU SUNCOR ENERGY INC NEW 5.6%

Value $73.78M Shares 2,302,871 Share Price $32.04 * Est. Cost/Share $17.27 Unrealized @ Report Date +75.7%

CM CANADIAN IMPERIAL BK COMM TO 5.1%

Value $68.02M Shares 1,412,642 Share Price $48.15 * Est. Cost/Share $34.95 Unrealized @ Report Date +5.2%

BN BROOKFIELD CORP 4.7%

Value $61.8M Shares 1,540,618 Share Price $40.11 * Est. Cost/Share $21.91 Unrealized @ Report Date +2.2%

CNI CANADIAN NATL RY CO 4.2%

Value $54.96M Shares 437,217 Share Price $125.70 * Est. Cost/Share $49.09 Unrealized @ Report Date +121.0%

CP CANADIAN PACIFIC KANSAS CITY 4.1%

Value $54.78M Shares 692,320 Share Price $79.13 * Est. Cost/Share $77.51 Unrealized @ Report Date -6.9%

RCI ROGERS COMMUNICATIONS INC 3.8%

Value $50.28M Shares 1,074,012 Share Price $46.82 * Est. Cost/Share $46.94 Unrealized @ Report Date -11.2%

GIB CGI INC 3.5%

Value $46.45M Shares 433,550 Share Price $107.13 * Est. Cost/Share $79.24 Unrealized @ Report Date +27.2%

MGA MAGNA INTL INC 3.3%

Value $44.21M Shares 748,133 Share Price $59.09 * Est. Cost/Share $48.70 Unrealized @ Report Date +1.9%

QSR RESTAURANT BRANDS INTL INC 3.3%

Value $43.54M Shares 557,252 Share Price $78.14 * Est. Cost/Share $58.06 Unrealized @ Report Date +19.8%

— BARRICK GOLD CORP 3.2%

Value $42.62M Shares 2,359,084 Share Price $18.07 Est. Cost/Share $16.22 Unrealized @ Report Date —

GIL GILDAN ACTIVEWEAR INC 3.1%

Value $40.83M Shares 1,234,536 Share Price $33.07 * Est. Cost/Share $26.06 Unrealized @ Report Date +19.8%

CVE CENOVUS ENERGY INC 3.0%

Value $39.84M Shares 2,390,683 Share Price $16.66 * Est. Cost/Share $14.48 Unrealized @ Report Date +19.2%

ENB ENBRIDGE INC 2.7%

Value $35.2M Shares 977,736 Share Price $36.00 * Est. Cost/Share $23.98 Unrealized @ Report Date +22.6%

MEOH METHANEX CORP 2.4%

Value $32.01M Shares 676,603 Share Price $47.31 * Est. Cost/Share $48.78 Unrealized @ Report Date -10.9%

MFC MANULIFE FINL CORP 2.3%

Value $30.44M Shares 1,377,413 Share Price $22.10 * Est. Cost/Share $19.39 Unrealized @ Report Date -0.9%

NTR NUTRIEN LTD 2.2%

Value $29.69M Shares 526,953 Share Price $56.34 * Est. Cost/Share $40.86 Unrealized @ Report Date +28.5%

CNQ CANADIAN NAT RES LTD 2.2%

Value $29.29M Shares 447,083 Share Price $65.52 * Est. Cost/Share $9.96 Unrealized @ Report Date +199.5%

TU TELUS CORPORATION 2.1%

Value $28.37M Shares 1,594,168 Share Price $17.80 * Est. Cost/Share $18.20 Unrealized @ Report Date -5.0%

BMO BANK MONTREAL QUE 1.6%

Value $20.54M Shares 207,606 Share Price $98.95 * Est. Cost/Share $73.94 Unrealized @ Report Date +3.6%

— TELUS INTL CDA INC 1.3%

Value $17.12M Shares 1,993,709 Share Price $8.59 Est. Cost/Share $8.86 Unrealized @ Report Date —

TECK TECK RESOURCES LTD 1.1%

Value $14.68M Shares 347,298 Share Price $42.27 * Est. Cost/Share $17.34 Unrealized @ Report Date +121.5%

ASTL ALGOMA STL GROUP INC 1.1%

Value $14.64M Shares 1,458,288 Share Price $10.04 * Est. Cost/Share $7.09 Unrealized @ Report Date +4.6%

WFG WEST FRASER TIMBER CO LTD 1.0%

Value $13.34M Shares 155,913 Share Price $85.56 * Est. Cost/Share $76.84 Unrealized @ Report Date -3.6%

BBU BROOKFIELD BUSINESS PARTNERS 0.9%

Value $11.64M Shares 563,903 Share Price $20.64 Est. Cost/Share $16.10 Unrealized @ Report Date —

NEM NEWMONT CORP 0.9%

Value $11.59M Shares 280,000 Share Price $41.40 * Est. Cost/Share $28.46 Unrealized @ Report Date +29.3%

GOOS CANADA GOOSE HLDGS INC 0.8%

Value $11M Shares 925,862 Share Price $11.88 Est. Cost/Share $17.63 Unrealized @ Report Date -32.9%

AEM AGNICO EAGLE MINES LTD 0.6%

Value $8.053M Shares 146,865 Share Price $54.83 * Est. Cost/Share $49.06 Unrealized @ Report Date -2.3%

EFXT ENERFLEX LTD 0.4%

Value $4.74M Shares 1,024,581 Share Price $4.63 * Est. Cost/Share $5.50 Unrealized @ Report Date -22.5%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
TD	TORONTO DOMINION BK ONT	1,908,809	$123M	9.3%	$64.62 *	$46.82	+28.1%	COM NEW	891160509
RY	ROYAL BK CDA	1,086,800	$110M	8.3%	$101.13 *	$70.35	+25.2%	COM	780087102
TRP	TC ENERGY CORP	2,053,514	$80.22M	6.1%	$39.06 *	$34.41	-4.1%	COM	87807B107
BNS	BANK NOVA SCOTIA HALIFAX	1,576,883	$76.76M	5.8%	$48.68 *	$36.46	+8.4%	COM	064149107
SU	SUNCOR ENERGY INC NEW	2,302,871	$73.78M	5.6%	$32.04 *	$17.27	+75.7%	COM	867224107
CM	CANADIAN IMPERIAL BK COMM TO	1,412,642	$68.02M	5.1%	$48.15 *	$34.95	+5.2%	COM	136069101
BN	BROOKFIELD CORP	1,540,618	$61.8M	4.7%	$40.11 *	$21.91	+2.2%	CL A LTD VT SH	11271J107
CNI	CANADIAN NATL RY CO	437,217	$54.96M	4.2%	$125.70 *	$49.09	+121.0%	COM	136375102
CP	CANADIAN PACIFIC KANSAS CITY	692,320	$54.78M	4.1%	$79.13 *	$77.51	-6.9%	COM	13646K108
RCI	ROGERS COMMUNICATIONS INC	1,074,012	$50.28M	3.8%	$46.82 *	$46.94	-11.2%	CL B	775109200
GIB	CGI INC	433,550	$46.45M	3.5%	$107.13 *	$79.24	+27.2%	CL A SUB VTG	12532H104
MGA	MAGNA INTL INC	748,133	$44.21M	3.3%	$59.09 *	$48.70	+1.9%	COM	559222401
QSR	RESTAURANT BRANDS INTL INC	557,252	$43.54M	3.3%	$78.14 *	$58.06	+19.8%	COM	76131D103
—	BARRICK GOLD CORP	2,359,084	$42.62M	3.2%	$18.07	$16.22	—	COM	067901108
GIL	GILDAN ACTIVEWEAR INC	1,234,536	$40.83M	3.1%	$33.07 *	$26.06	+19.8%	COM	375916103
CVE	CENOVUS ENERGY INC	2,390,683	$39.84M	3.0%	$16.66 *	$14.48	+19.2%	COM	15135U109
ENB	ENBRIDGE INC	977,736	$35.2M	2.7%	$36.00 *	$23.98	+22.6%	COM	29250N105
MEOH	METHANEX CORP	676,603	$32.01M	2.4%	$47.31 *	$48.78	-10.9%	COM	59151K108
MFC	MANULIFE FINL CORP	1,377,413	$30.44M	2.3%	$22.10 *	$19.39	-0.9%	COM	56501R106
NTR	NUTRIEN LTD	526,953	$29.69M	2.2%	$56.34 *	$40.86	+28.5%	COM	67077M108
CNQ	CANADIAN NAT RES LTD	447,083	$29.29M	2.2%	$65.52 *	$9.96	+199.5%	COM	136385101
TU	TELUS CORPORATION	1,594,168	$28.37M	2.1%	$17.80 *	$18.20	-5.0%	COM	87971M103
BMO	BANK MONTREAL QUE	207,606	$20.54M	1.6%	$98.95 *	$73.94	+3.6%	COM	063671101
—	TELUS INTL CDA INC	1,993,709	$17.12M	1.3%	$8.59	$8.86	—	SUB VTG SHS	87975H100
TECK	TECK RESOURCES LTD	347,298	$14.68M	1.1%	$42.27 *	$17.34	+121.5%	CL B	878742204
ASTL	ALGOMA STL GROUP INC	1,458,288	$14.64M	1.1%	$10.04 *	$7.09	+4.6%	COM	015658107
WFG	WEST FRASER TIMBER CO LTD	155,913	$13.34M	1.0%	$85.56 *	$76.84	-3.6%	COM	952845105
BBU	BROOKFIELD BUSINESS PARTNERS	563,903	$11.64M	0.9%	$20.64	$16.10	—	UNIT LTD L P	G16234109
NEM	NEWMONT CORP	280,000	$11.59M	0.9%	$41.40 *	$28.46	+29.3%	COM	651639106
GOOS	CANADA GOOSE HLDGS INC	925,862	$11M	0.8%	$11.88	$17.63	-32.9%	SHS SUB VTG	135086106
AEM	AGNICO EAGLE MINES LTD	146,865	$8.053M	0.6%	$54.83 *	$49.06	-2.3%	COM	008474108
EFXT	ENERFLEX LTD	1,024,581	$4.74M	0.4%	$4.63 *	$5.50	-22.5%	COM	29269R105