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

Location: Toronto, Ontario, Canada

CIK: 0001426327 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 7, 2025

Total Value: $1.545B (100.0% shares, 0.0% debt)

Holdings (31)

RY ROYAL BK CDA 11.3%

Value $174M Shares 1,318,261 Share Price $131.88 * Est. Cost/Share $77.21 Unrealized @ Report Date +58.4%

TD TORONTO DOMINION BK ONT 10.1%

Value $156M Shares 2,113,730 Share Price $73.60 * Est. Cost/Share $48.08 Unrealized @ Report Date +35.7%

BN BROOKFIELD CORP 6.4%

Value $98.64M Shares 1,592,795 Share Price $61.93 * Est. Cost/Share $22.85 Unrealized @ Report Date +61.6%

CNI CANADIAN NATL RY CO 5.4%

Value $83.65M Shares 802,257 Share Price $104.26 * Est. Cost/Share $76.45 Unrealized @ Report Date +31.6%

TRP TC ENERGY CORP 5.2%

Value $80.19M Shares 1,643,567 Share Price $48.79 Est. Cost/Share $34.41 Unrealized @ Report Date +40.8%

BMO BANK MONTREAL QUE 4.4%

Value $67.39M Shares 607,701 Share Price $110.89 * Est. Cost/Share $87.54 Unrealized @ Report Date +13.5%

BNS BANK NOVA SCOTIA HALIFAX 4.3%

Value $65.76M Shares 1,188,376 Share Price $55.33 * Est. Cost/Share $36.85 Unrealized @ Report Date +36.1%

SU SUNCOR ENERGY INC NEW 4.2%

Value $64.23M Shares 1,712,566 Share Price $37.50 * Est. Cost/Share $17.83 Unrealized @ Report Date +101.3%

B BARRICK MNG CORP 4.1%

Value $62.57M Shares 3,003,438 Share Price $20.83 * Est. Cost/Share $19.29 Unrealized @ Report Date 0.0%

RCI ROGERS COMMUNICATIONS INC 3.9%

Value $59.47M Shares 2,003,712 Share Price $29.68 * Est. Cost/Share $39.23 Unrealized @ Report Date -33.2%

GIB CGI INC 3.5%

Value $54.34M Shares 517,087 Share Price $105.09 Est. Cost/Share $87.06 Unrealized @ Report Date +20.7%

CVE CENOVUS ENERGY INC 3.5%

Value $54.32M Shares 3,993,810 Share Price $13.60 * Est. Cost/Share $15.29 Unrealized @ Report Date -15.8%

TU TELUS CORPORATION 3.4%

Value $52.65M Shares 3,274,703 Share Price $16.08 * Est. Cost/Share $16.99 Unrealized @ Report Date -8.7%

CP CANADIAN PACIFIC KANSAS CITY 3.3%

Value $51.41M Shares 648,343 Share Price $79.29 * Est. Cost/Share $77.33 Unrealized @ Report Date -1.0%

MFC MANULIFE FINL CORP 2.9%

Value $44.31M Shares 1,385,074 Share Price $31.99 * Est. Cost/Share $20.04 Unrealized @ Report Date +53.7%

ENB ENBRIDGE INC 2.6%

Value $40.91M Shares 901,510 Share Price $45.38 * Est. Cost/Share $25.21 Unrealized @ Report Date +73.7%

MGA MAGNA INTL INC 2.5%

Value $39.06M Shares 1,009,748 Share Price $38.68 * Est. Cost/Share $45.65 Unrealized @ Report Date -24.0%

NTR NUTRIEN LTD 2.3%

Value $35.83M Shares 614,526 Share Price $58.31 * Est. Cost/Share $42.75 Unrealized @ Report Date +30.9%

QSR RESTAURANT BRANDS INTL INC 2.0%

Value $31.54M Shares 475,142 Share Price $66.38 Est. Cost/Share $59.76 Unrealized @ Report Date +11.8%

CM CANADIAN IMPERIAL BK COMM 1.9%

Value $29.7M Shares 418,123 Share Price $71.03 * Est. Cost/Share $35.88 Unrealized @ Report Date +77.6%

CNQ CANADIAN NAT RES LTD 1.9%

Value $29.51M Shares 938,400 Share Price $31.45 * Est. Cost/Share $23.14 Unrealized @ Report Date +29.6%

ASTL ALGOMA STL GROUP INC 1.7%

Value $26.98M Shares 3,898,205 Share Price $6.92 * Est. Cost/Share $6.85 Unrealized @ Report Date -18.8%

OR OR ROYALTIES INC. 1.7%

Value $26.42M Shares 1,027,209 Share Price $25.72 * Est. Cost/Share $24.09 Unrealized @ Report Date 0.0%

MEOH METHANEX CORP 1.7%

Value $26.35M Shares 794,279 Share Price $33.18 * Est. Cost/Share $41.57 Unrealized @ Report Date -22.4%

ATS ATS CORPORATION 1.6%

Value $25.29M Shares 792,305 Share Price $31.91 * Est. Cost/Share $28.27 Unrealized @ Report Date -3.1%

NEM NEWMONT CORP 1.5%

Value $23.43M Shares 401,777 Share Price $58.32 * Est. Cost/Share $34.06 Unrealized @ Report Date +55.3%

— TELUS INTL CDA INC 0.9%

Value $13.39M Shares 3,667,490 Share Price $3.65 Est. Cost/Share $6.96 Unrealized @ Report Date —

GOOS CANADA GOOSE HLDGS INC 0.8%

Value $11.73M Shares 1,047,971 Share Price $11.19 * Est. Cost/Share $16.08 Unrealized @ Report Date -39.7%

OTEX OPEN TEXT CORP 0.5%

Value $8.097M Shares 276,928 Share Price $29.24 * Est. Cost/Share $29.89 Unrealized @ Report Date -11.2%

TECK TECK RESOURCES LTD 0.5%

Value $7.439M Shares 183,843 Share Price $40.47 * Est. Cost/Share $18.93 Unrealized @ Report Date +90.8%

AEM AGNICO EAGLE MINES LTD 0.0%

Value $554K Shares 4,646 Share Price $119.22 * Est. Cost/Share $57.05 Unrealized @ Report Date +102.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
RY	ROYAL BK CDA	1,318,261	$174M	11.3%	$131.88 *	$77.21	+58.4%	COM	780087102
TD	TORONTO DOMINION BK ONT	2,113,730	$156M	10.1%	$73.60 *	$48.08	+35.7%	COM NEW	891160509
BN	BROOKFIELD CORP	1,592,795	$98.64M	6.4%	$61.93 *	$22.85	+61.6%	CL A LTD VT SH	11271J107
CNI	CANADIAN NATL RY CO	802,257	$83.65M	5.4%	$104.26 *	$76.45	+31.6%	COM	136375102
TRP	TC ENERGY CORP	1,643,567	$80.19M	5.2%	$48.79	$34.41	+40.8%	COM	87807B107
BMO	BANK MONTREAL QUE	607,701	$67.39M	4.4%	$110.89 *	$87.54	+13.5%	COM	063671101
BNS	BANK NOVA SCOTIA HALIFAX	1,188,376	$65.76M	4.3%	$55.33 *	$36.85	+36.1%	COM	064149107
SU	SUNCOR ENERGY INC NEW	1,712,566	$64.23M	4.2%	$37.50 *	$17.83	+101.3%	COM	867224107
B	BARRICK MNG CORP	3,003,438	$62.57M	4.1%	$20.83 *	$19.29	0.0%	COM SHS	06849F108
RCI	ROGERS COMMUNICATIONS INC	2,003,712	$59.47M	3.9%	$29.68 *	$39.23	-33.2%	CL B	775109200
GIB	CGI INC	517,087	$54.34M	3.5%	$105.09	$87.06	+20.7%	CL A SUB VTG	12532H104
CVE	CENOVUS ENERGY INC	3,993,810	$54.32M	3.5%	$13.60 *	$15.29	-15.8%	COM	15135U109
TU	TELUS CORPORATION	3,274,703	$52.65M	3.4%	$16.08 *	$16.99	-8.7%	COM	87971M103
CP	CANADIAN PACIFIC KANSAS CITY	648,343	$51.41M	3.3%	$79.29 *	$77.33	-1.0%	COM	13646K108
MFC	MANULIFE FINL CORP	1,385,074	$44.31M	2.9%	$31.99 *	$20.04	+53.7%	COM	56501R106
ENB	ENBRIDGE INC	901,510	$40.91M	2.6%	$45.38 *	$25.21	+73.7%	COM	29250N105
MGA	MAGNA INTL INC	1,009,748	$39.06M	2.5%	$38.68 *	$45.65	-24.0%	COM	559222401
NTR	NUTRIEN LTD	614,526	$35.83M	2.3%	$58.31 *	$42.75	+30.9%	COM	67077M108
QSR	RESTAURANT BRANDS INTL INC	475,142	$31.54M	2.0%	$66.38	$59.76	+11.8%	COM	76131D103
CM	CANADIAN IMPERIAL BK COMM	418,123	$29.7M	1.9%	$71.03 *	$35.88	+77.6%	COM	136069101
CNQ	CANADIAN NAT RES LTD	938,400	$29.51M	1.9%	$31.45 *	$23.14	+29.6%	COM	136385101
ASTL	ALGOMA STL GROUP INC	3,898,205	$26.98M	1.7%	$6.92 *	$6.85	-18.8%	COM	015658107
OR	OR ROYALTIES INC.	1,027,209	$26.42M	1.7%	$25.72 *	$24.09	0.0%	COM SHS	68390D106
MEOH	METHANEX CORP	794,279	$26.35M	1.7%	$33.18 *	$41.57	-22.4%	COM	59151K108
ATS	ATS CORPORATION	792,305	$25.29M	1.6%	$31.91 *	$28.27	-3.1%	COM	00217Y104
NEM	NEWMONT CORP	401,777	$23.43M	1.5%	$58.32 *	$34.06	+55.3%	COM	651639106
—	TELUS INTL CDA INC	3,667,490	$13.39M	0.9%	$3.65	$6.96	—	SUB VTG SHS	87975H100
GOOS	CANADA GOOSE HLDGS INC	1,047,971	$11.73M	0.8%	$11.19 *	$16.08	-39.7%	SHS SUB VTG	135086106
OTEX	OPEN TEXT CORP	276,928	$8.097M	0.5%	$29.24 *	$29.89	-11.2%	COM	683715106
TECK	TECK RESOURCES LTD	183,843	$7.439M	0.5%	$40.47 *	$18.93	+90.8%	CL B	878742204
AEM	AGNICO EAGLE MINES LTD	4,646	$554K	0.0%	$119.22 *	$57.05	+102.0%	COM	008474108