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

Location: Toronto, Ontario, Canada

CIK: 0001426327 · Show all filings

Period: Q4 2017 (← Previous) (Next →)

Filing Date: Feb 9, 2018

Total Value: $1.713B (100.0% shares, 0.0% debt)

Holdings (27)

RY Royal Bank of Canada 11.6%

Value $198M Shares 2,419,252 Share Price $81.93 * Est. Cost/Share $61.01 Unrealized @ Report Date +30.0%

TD Toronto-Dominion Bank 11.1%

Value $190M Shares 3,234,461 Share Price $58.78 * Est. Cost/Share $43.97 Unrealized @ Report Date +29.9%

CM Canadian Imperial Bank of Commerce 6.9%

Value $119M Shares 1,214,988 Share Price $97.80 * Est. Cost/Share $21.40 Unrealized @ Report Date +44.5%

CNI Canadian National Railway 5.5%

Value $93.84M Shares 1,134,403 Share Price $82.72 * Est. Cost/Share $44.04 Unrealized @ Report Date +57.2%

BNS Bank of Nova Scotia 5.3%

Value $90.99M Shares 1,405,342 Share Price $64.74 * Est. Cost/Share $31.07 Unrealized @ Report Date +36.5%

— Agrium Inc. 4.9%

Value $83.6M Shares 724,464 Share Price $115.39 Est. Cost/Share $92.79 Unrealized @ Report Date —

BMO Bank of Montreal 4.7%

Value $79.73M Shares 993,101 Share Price $80.28 * Est. Cost/Share $51.33 Unrealized @ Report Date +9.1%

SU Suncor Energy Inc. 4.6%

Value $78.53M Shares 2,132,022 Share Price $36.83 * Est. Cost/Share $19.57 Unrealized @ Report Date +30.9%

MFC Manulife Financial Corp. 4.4%

Value $75.51M Shares 3,608,397 Share Price $20.93 Est. Cost/Share $15.36 Unrealized @ Report Date +35.3%

MGA Magna International Inc. Class A 4.3%

Value $74.35M Shares 1,307,692 Share Price $56.86 * Est. Cost/Share $29.52 Unrealized @ Report Date +45.1%

— TransCanada Corp. 4.0%

Value $68.03M Shares 1,393,282 Share Price $48.83 Est. Cost/Share $38.23 Unrealized @ Report Date —

CNQ Canadian Natural Resources Ltd. 3.4%

Value $57.82M Shares 1,612,704 Share Price $35.85 * Est. Cost/Share $8.90 Unrealized @ Report Date +28.6%

— Goldcorp Inc. 3.3%

Value $56.05M Shares 4,381,076 Share Price $12.79 Est. Cost/Share $14.08 Unrealized @ Report Date —

— Canadian Pacific Railway Ltd. 3.1%

Value $52.63M Shares 287,133 Share Price $183.29 Est. Cost/Share $137.50 Unrealized @ Report Date —

MEOH Methanex Corp. 2.9%

Value $49.82M Shares 819,581 Share Price $60.78 * Est. Cost/Share $35.55 Unrealized @ Report Date +48.2%

RCI Rogers Comm Inc. Class B 2.9%

Value $48.84M Shares 955,315 Share Price $51.12 Est. Cost/Share $47.07 Unrealized @ Report Date +10.7%

TU Telus Corp. 2.6%

Value $44.21M Shares 1,163,266 Share Price $38.01 * Est. Cost/Share $17.24 Unrealized @ Report Date +7.4%

ENB Enbridge Inc. 2.3%

Value $39.29M Shares 1,001,482 Share Price $39.24 * Est. Cost/Share $23.57 Unrealized @ Report Date -1.1%

CVE Cenovus Energy Inc. 2.2%

Value $37.55M Shares 4,098,240 Share Price $9.16 * Est. Cost/Share $16.74 Unrealized @ Report Date -50.1%

— Crescent Point Energy Corp. 2.0%

Value $34.71M Shares 4,539,284 Share Price $7.65 Est. Cost/Share $7.85 Unrealized @ Report Date —

— Barrick Gold Corp. 1.7%

Value $28.68M Shares 1,976,413 Share Price $14.51 Est. Cost/Share $16.47 Unrealized @ Report Date —

GIL Gildan Activewear Class A 1.5%

Value $25.52M Shares 787,266 Share Price $32.41 * Est. Cost/Share $21.72 Unrealized @ Report Date +25.9%

TAC Transalta Corp. 1.4%

Value $23.47M Shares 3,946,834 Share Price $5.95 Est. Cost/Share $5.57 Unrealized @ Report Date +6.7%

TECK Teck Resources Ltd. 1.2%

Value $19.87M Shares 757,272 Share Price $26.23 * Est. Cost/Share $25.03 Unrealized @ Report Date -9.0%

CCJ Cameco Corp. 1.0%

Value $17.11M Shares 1,846,939 Share Price $9.27 * Est. Cost/Share $11.32 Unrealized @ Report Date -20.3%

— Celestica Inc. 0.9%

Value $15.06M Shares 1,431,563 Share Price $10.52 Est. Cost/Share $10.52 Unrealized @ Report Date —

BCE BCE Inc. 0.6%

Value $11.02M Shares 228,661 Share Price $48.19 * Est. Cost/Share $22.89 Unrealized @ Report Date +25.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
RY	Royal Bank of Canada	2,419,252	$198M	11.6%	$81.93 *	$61.01	+30.0%	COM	780087102
TD	Toronto-Dominion Bank	3,234,461	$190M	11.1%	$58.78 *	$43.97	+29.9%	COM NEW	891160509
CM	Canadian Imperial Bank of Commerce	1,214,988	$119M	6.9%	$97.80 *	$21.40	+44.5%	COM	136069101
CNI	Canadian National Railway	1,134,403	$93.84M	5.5%	$82.72 *	$44.04	+57.2%	COM	136375102
BNS	Bank of Nova Scotia	1,405,342	$90.99M	5.3%	$64.74 *	$31.07	+36.5%	COM	064149107
—	Agrium Inc.	724,464	$83.6M	4.9%	$115.39	$92.79	—	COM	008916108
BMO	Bank of Montreal	993,101	$79.73M	4.7%	$80.28 *	$51.33	+9.1%	COM	063671101
SU	Suncor Energy Inc.	2,132,022	$78.53M	4.6%	$36.83 *	$19.57	+30.9%	COM	867224107
MFC	Manulife Financial Corp.	3,608,397	$75.51M	4.4%	$20.93	$15.36	+35.3%	COM	56501R106
MGA	Magna International Inc. Class A	1,307,692	$74.35M	4.3%	$56.86 *	$29.52	+45.1%	COM	559222401
—	TransCanada Corp.	1,393,282	$68.03M	4.0%	$48.83	$38.23	—	COM	89353D107
CNQ	Canadian Natural Resources Ltd.	1,612,704	$57.82M	3.4%	$35.85 *	$8.90	+28.6%	COM	136385101
—	Goldcorp Inc.	4,381,076	$56.05M	3.3%	$12.79	$14.08	—	COM	380956409
—	Canadian Pacific Railway Ltd.	287,133	$52.63M	3.1%	$183.29	$137.50	—	COM	13645T100
MEOH	Methanex Corp.	819,581	$49.82M	2.9%	$60.78 *	$35.55	+48.2%	COM	59151K108
RCI	Rogers Comm Inc. Class B	955,315	$48.84M	2.9%	$51.12	$47.07	+10.7%	CL B	775109200
TU	Telus Corp.	1,163,266	$44.21M	2.6%	$38.01 *	$17.24	+7.4%	COM	87971M103
ENB	Enbridge Inc.	1,001,482	$39.29M	2.3%	$39.24 *	$23.57	-1.1%	COM	29250N105
CVE	Cenovus Energy Inc.	4,098,240	$37.55M	2.2%	$9.16 *	$16.74	-50.1%	COM	15135U109
—	Crescent Point Energy Corp.	4,539,284	$34.71M	2.0%	$7.65	$7.85	—	COM	22576C101
—	Barrick Gold Corp.	1,976,413	$28.68M	1.7%	$14.51	$16.47	—	COM	067901108
GIL	Gildan Activewear Class A	787,266	$25.52M	1.5%	$32.41 *	$21.72	+25.9%	COM	375916103
TAC	Transalta Corp.	3,946,834	$23.47M	1.4%	$5.95	$5.57	+6.7%	COM	89346D107
TECK	Teck Resources Ltd.	757,272	$19.87M	1.2%	$26.23 *	$25.03	-9.0%	CL B	878742204
CCJ	Cameco Corp.	1,846,939	$17.11M	1.0%	$9.27 *	$11.32	-20.3%	COM	13321L108
—	Celestica Inc.	1,431,563	$15.06M	0.9%	$10.52	$10.52	—	SUB VTG SHS	15101Q108
BCE	BCE Inc.	228,661	$11.02M	0.6%	$48.19 *	$22.89	+25.7%	COM NEW	05534B760