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

Location: Toronto, Ontario, Canada

CIK: 0001426327 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 13, 2025

Total Value: $1.677B (100.0% shares, 0.0% debt)

Holdings (32)

RY ROYAL BK CDA 11.2%

Value $188M Shares 1,278,474 Share Price $147.36 * Est. Cost/Share $77.21 Unrealized @ Report Date +78.5%

TD TORONTO DOMINION BK ONT 9.4%

Value $157M Shares 1,963,233 Share Price $79.94 * Est. Cost/Share $48.08 Unrealized @ Report Date +56.1%

BN BROOKFIELD CORP 6.4%

Value $107M Shares 1,564,730 Share Price $68.60 * Est. Cost/Share $22.85 Unrealized @ Report Date +93.5%

B BARRICK MNG CORP 5.8%

Value $97.06M Shares 2,955,763 Share Price $32.84 * Est. Cost/Share $19.29 Unrealized @ Report Date +30.4%

CNI CANADIAN NATL RY CO 4.9%

Value $82.98M Shares 880,187 Share Price $94.28 Est. Cost/Share $78.18 Unrealized @ Report Date +22.8%

TRP TC ENERGY CORP 4.8%

Value $80.92M Shares 1,488,624 Share Price $54.36 * Est. Cost/Share $34.41 Unrealized @ Report Date +45.9%

BMO BANK MONTREAL QUE 4.6%

Value $77.43M Shares 594,303 Share Price $130.28 * Est. Cost/Share $87.54 Unrealized @ Report Date +34.8%

BNS BANK NOVA SCOTIA HALIFAX 4.5%

Value $75.42M Shares 1,166,583 Share Price $64.65 * Est. Cost/Share $36.85 Unrealized @ Report Date +59.9%

RCI ROGERS COMMUNICATIONS INC 4.0%

Value $67.66M Shares 1,965,762 Share Price $34.42 Est. Cost/Share $39.23 Unrealized @ Report Date -12.2%

CVE CENOVUS ENERGY INC 4.0%

Value $66.91M Shares 3,941,852 Share Price $16.98 * Est. Cost/Share $15.29 Unrealized @ Report Date +2.1%

SU SUNCOR ENERGY INC NEW 4.0%

Value $66.71M Shares 1,594,490 Share Price $41.84 * Est. Cost/Share $17.83 Unrealized @ Report Date +125.0%

TU TELUS CORPORATION 3.0%

Value $50.67M Shares 3,217,494 Share Price $15.75 * Est. Cost/Share $16.99 Unrealized @ Report Date -4.5%

MFC MANULIFE FINL CORP 2.8%

Value $46.87M Shares 1,504,581 Share Price $31.15 Est. Cost/Share $20.90 Unrealized @ Report Date +47.5%

CP CANADIAN PACIFIC KANSAS CITY 2.6%

Value $43.26M Shares 581,004 Share Price $74.46 * Est. Cost/Share $77.33 Unrealized @ Report Date -1.4%

ENB ENBRIDGE INC 2.6%

Value $43.15M Shares 855,493 Share Price $50.44 * Est. Cost/Share $25.21 Unrealized @ Report Date +83.0%

GIB CGI INC 2.4%

Value $40.67M Shares 456,651 Share Price $89.05 * Est. Cost/Share $87.06 Unrealized @ Report Date +10.9%

OR OR ROYALTIES INC. 2.4%

Value $40.48M Shares 1,010,109 Share Price $40.07 * Est. Cost/Share $24.09 Unrealized @ Report Date +29.5%

MGA MAGNA INTL INC 2.2%

Value $37.69M Shares 795,681 Share Price $47.37 * Est. Cost/Share $45.65 Unrealized @ Report Date -4.0%

NTR NUTRIEN LTD 2.1%

Value $35.45M Shares 603,738 Share Price $58.71 Est. Cost/Share $42.75 Unrealized @ Report Date +36.3%

CM CANADIAN IMPERIAL BANK OF CO 2.0%

Value $32.89M Shares 411,706 Share Price $79.89 * Est. Cost/Share $35.88 Unrealized @ Report Date +109.7%

FNV FRANCO NEV CORP 1.9%

Value $32.14M Shares 144,405 Share Price $222.53 * Est. Cost/Share $180.19 Unrealized @ Report Date 0.0%

ATS ATS CORPORATION 1.9%

Value $31.84M Shares 1,217,184 Share Price $26.16 * Est. Cost/Share $28.46 Unrealized @ Report Date +1.2%

MEOH METHANEX CORP 1.8%

Value $30.98M Shares 779,424 Share Price $39.75 * Est. Cost/Share $41.57 Unrealized @ Report Date -14.5%

CNQ CANADIAN NAT RES LTD 1.8%

Value $30.57M Shares 956,117 Share Price $31.97 * Est. Cost/Share $23.29 Unrealized @ Report Date +34.5%

QSR RESTAURANT BRANDS INTL INC 1.6%

Value $27.58M Shares 430,062 Share Price $64.14 * Est. Cost/Share $59.76 Unrealized @ Report Date +10.1%

GIL GILDAN ACTIVEWEAR INC 1.1%

Value $17.75M Shares 307,371 Share Price $57.76 * Est. Cost/Share $53.42 Unrealized @ Report Date 0.0%

OTEX OPEN TEXT CORP 1.0%

Value $16.48M Shares 441,051 Share Price $37.37 * Est. Cost/Share $30.53 Unrealized @ Report Date +3.6%

TECK TECK RESOURCES LTD 0.9%

Value $14.57M Shares 332,230 Share Price $43.86 * Est. Cost/Share $26.70 Unrealized @ Report Date +36.1%

TFII TFI INTL INC 0.9%

Value $14.56M Shares 165,482 Share Price $87.99 * Est. Cost/Share $91.50 Unrealized @ Report Date 0.0%

ASTL ALGOMA STL GROUP INC 0.8%

Value $13.59M Shares 3,828,929 Share Price $3.55 * Est. Cost/Share $6.85 Unrealized @ Report Date -22.4%

IAG IAMGOLD CORP 0.4%

Value $6.633M Shares 513,516 Share Price $12.92 * Est. Cost/Share $8.76 Unrealized @ Report Date 0.0%

AEM AGNICO EAGLE MINES LTD 0.1%

Value $1.501M Shares 8,912 Share Price $168.39 * Est. Cost/Share $95.24 Unrealized @ Report Date +43.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
RY	ROYAL BK CDA	1,278,474	$188M	11.2%	$147.36 *	$77.21	+78.5%	COM	780087102
TD	TORONTO DOMINION BK ONT	1,963,233	$157M	9.4%	$79.94 *	$48.08	+56.1%	COM NEW	891160509
BN	BROOKFIELD CORP	1,564,730	$107M	6.4%	$68.60 *	$22.85	+93.5%	CL A LTD VT SH	11271J107
B	BARRICK MNG CORP	2,955,763	$97.06M	5.8%	$32.84 *	$19.29	+30.4%	COM SHS	06849F108
CNI	CANADIAN NATL RY CO	880,187	$82.98M	4.9%	$94.28	$78.18	+22.8%	COM	136375102
TRP	TC ENERGY CORP	1,488,624	$80.92M	4.8%	$54.36 *	$34.41	+45.9%	COM	87807B107
BMO	BANK MONTREAL QUE	594,303	$77.43M	4.6%	$130.28 *	$87.54	+34.8%	COM	063671101
BNS	BANK NOVA SCOTIA HALIFAX	1,166,583	$75.42M	4.5%	$64.65 *	$36.85	+59.9%	COM	064149107
RCI	ROGERS COMMUNICATIONS INC	1,965,762	$67.66M	4.0%	$34.42	$39.23	-12.2%	CL B	775109200
CVE	CENOVUS ENERGY INC	3,941,852	$66.91M	4.0%	$16.98 *	$15.29	+2.1%	COM	15135U109
SU	SUNCOR ENERGY INC NEW	1,594,490	$66.71M	4.0%	$41.84 *	$17.83	+125.0%	COM	867224107
TU	TELUS CORPORATION	3,217,494	$50.67M	3.0%	$15.75 *	$16.99	-4.5%	COM	87971M103
MFC	MANULIFE FINL CORP	1,504,581	$46.87M	2.8%	$31.15	$20.90	+47.5%	COM	56501R106
CP	CANADIAN PACIFIC KANSAS CITY	581,004	$43.26M	2.6%	$74.46 *	$77.33	-1.4%	COM	13646K108
ENB	ENBRIDGE INC	855,493	$43.15M	2.6%	$50.44 *	$25.21	+83.0%	COM	29250N105
GIB	CGI INC	456,651	$40.67M	2.4%	$89.05 *	$87.06	+10.9%	CL A SUB VTG	12532H104
OR	OR ROYALTIES INC.	1,010,109	$40.48M	2.4%	$40.07 *	$24.09	+29.5%	COM SHS	68390D106
MGA	MAGNA INTL INC	795,681	$37.69M	2.2%	$47.37 *	$45.65	-4.0%	COM	559222401
NTR	NUTRIEN LTD	603,738	$35.45M	2.1%	$58.71	$42.75	+36.3%	COM	67077M108
CM	CANADIAN IMPERIAL BANK OF CO	411,706	$32.89M	2.0%	$79.89 *	$35.88	+109.7%	COM	136069101
FNV	FRANCO NEV CORP	144,405	$32.14M	1.9%	$222.53 *	$180.19	0.0%	COM	351858105
ATS	ATS CORPORATION	1,217,184	$31.84M	1.9%	$26.16 *	$28.46	+1.2%	COM	00217Y104
MEOH	METHANEX CORP	779,424	$30.98M	1.8%	$39.75 *	$41.57	-14.5%	COM	59151K108
CNQ	CANADIAN NAT RES LTD	956,117	$30.57M	1.8%	$31.97 *	$23.29	+34.5%	COM	136385101
QSR	RESTAURANT BRANDS INTL INC	430,062	$27.58M	1.6%	$64.14 *	$59.76	+10.1%	COM	76131D103
GIL	GILDAN ACTIVEWEAR INC	307,371	$17.75M	1.1%	$57.76 *	$53.42	0.0%	COM	375916103
OTEX	OPEN TEXT CORP	441,051	$16.48M	1.0%	$37.37 *	$30.53	+3.6%	COM	683715106
TECK	TECK RESOURCES LTD	332,230	$14.57M	0.9%	$43.86 *	$26.70	+36.1%	CL B	878742204
TFII	TFI INTL INC	165,482	$14.56M	0.9%	$87.99 *	$91.50	0.0%	COM	87241L109
ASTL	ALGOMA STL GROUP INC	3,828,929	$13.59M	0.8%	$3.55 *	$6.85	-22.4%	COM	015658107
IAG	IAMGOLD CORP	513,516	$6.633M	0.4%	$12.92 *	$8.76	0.0%	COM	450913108
AEM	AGNICO EAGLE MINES LTD	8,912	$1.501M	0.1%	$168.39 *	$95.24	+43.7%	COM	008474108