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

Location: Toronto, Ontario, Canada

CIK: 0001426327 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 10, 2026

Total Value: $1.458B (100.0% shares, 0.0% debt)

Holdings (32)

RY ROYAL BK CDA 11.9%

Value $174M Shares 1,018,409 Share Price $170.48 * Est. Cost/Share $77.21 Unrealized @ Report Date +98.9%

TD TORONTO DOMINION BK ONT 10.3%

Value $150M Shares 1,593,176 Share Price $94.25 * Est. Cost/Share $48.08 Unrealized @ Report Date +75.6%

B BARRICK MNG CORP 7.0%

Value $102M Shares 2,347,731 Share Price $43.56 * Est. Cost/Share $19.29 Unrealized @ Report Date +94.0%

BN BROOKFIELD CORP 6.4%

Value $93.28M Shares 2,031,480 Share Price $45.92 Est. Cost/Share $28.06 Unrealized @ Report Date +62.3%

CNI CANADIAN NATL RY CO 5.2%

Value $75.32M Shares 761,487 Share Price $98.91 * Est. Cost/Share $78.18 Unrealized @ Report Date +23.0%

BNS BANK NOVA SCOTIA HALIFAX 4.8%

Value $69.37M Shares 940,485 Share Price $73.75 * Est. Cost/Share $36.85 Unrealized @ Report Date +84.5%

SU SUNCOR ENERGY INC NEW 4.3%

Value $62.05M Shares 1,398,002 Share Price $44.39 * Est. Cost/Share $17.83 Unrealized @ Report Date +137.1%

BMO BANK MONTREAL QUE 4.1%

Value $60.34M Shares 464,627 Share Price $129.87 * Est. Cost/Share $87.54 Unrealized @ Report Date +44.6%

CVE CENOVUS ENERGY INC 4.0%

Value $58.34M Shares 3,448,636 Share Price $16.92 * Est. Cost/Share $15.29 Unrealized @ Report Date +13.6%

TRP TC ENERGY CORP 3.5%

Value $51.48M Shares 934,851 Share Price $55.07 * Est. Cost/Share $34.41 Unrealized @ Report Date +55.0%

MFC MANULIFE FINL CORP 3.2%

Value $47.28M Shares 1,302,110 Share Price $36.31 * Est. Cost/Share $20.90 Unrealized @ Report Date +62.4%

RCI ROGERS COMMUNICATIONS INC 3.2%

Value $46.42M Shares 1,229,758 Share Price $37.75 Est. Cost/Share $39.23 Unrealized @ Report Date -4.5%

TU TELUS CORPORATION 3.0%

Value $44.16M Shares 3,350,460 Share Price $13.18 * Est. Cost/Share $16.87 Unrealized @ Report Date -16.5%

GIB CGI INC 2.5%

Value $36.5M Shares 395,129 Share Price $92.37 * Est. Cost/Share $87.06 Unrealized @ Report Date +2.2%

ATS ATS CORPORATION 2.3%

Value $33.79M Shares 1,226,450 Share Price $27.55 * Est. Cost/Share $28.46 Unrealized @ Report Date -6.1%

CP CANADIAN PACIFIC KANSAS CITY 2.2%

Value $32.49M Shares 441,304 Share Price $73.62 Est. Cost/Share $77.33 Unrealized @ Report Date -4.8%

OR OR ROYALTIES INC. 2.1%

Value $31.07M Shares 877,209 Share Price $35.42 Est. Cost/Share $24.09 Unrealized @ Report Date +45.4%

ENB ENBRIDGE INC 2.1%

Value $30.56M Shares 638,571 Share Price $47.85 Est. Cost/Share $25.21 Unrealized @ Report Date +86.9%

FNV FRANCO NEV CORP 2.0%

Value $29.72M Shares 143,350 Share Price $207.29 * Est. Cost/Share $180.19 Unrealized @ Report Date +12.5%

NTR NUTRIEN LTD 1.9%

Value $28.3M Shares 458,531 Share Price $61.73 * Est. Cost/Share $42.75 Unrealized @ Report Date +37.7%

TFII TFI INTL INC 1.9%

Value $27.93M Shares 270,163 Share Price $103.36 * Est. Cost/Share $92.11 Unrealized @ Report Date +1.0%

MEOH METHANEX CORP 1.9%

Value $27.19M Shares 685,524 Share Price $39.66 * Est. Cost/Share $41.57 Unrealized @ Report Date -10.5%

CNQ CANADIAN NAT RES LTD 1.8%

Value $26.82M Shares 791,781 Share Price $33.87 * Est. Cost/Share $23.29 Unrealized @ Report Date +39.2%

QSR RESTAURANT BRANDS INTL INC 1.7%

Value $25.49M Shares 373,562 Share Price $68.24 Est. Cost/Share $59.76 Unrealized @ Report Date +15.3%

MGA MAGNA INTL INC 1.5%

Value $21.88M Shares 410,369 Share Price $53.31 * Est. Cost/Share $45.65 Unrealized @ Report Date +7.1%

AGI ALAMOS GOLD INC NEW 1.2%

Value $16.87M Shares 436,945 Share Price $38.62 * Est. Cost/Share $34.84 Unrealized @ Report Date 0.0%

GIL GILDAN ACTIVEWEAR INC 1.2%

Value $16.78M Shares 268,471 Share Price $62.51 * Est. Cost/Share $53.42 Unrealized @ Report Date +11.3%

TECK TECK RESOURCES LTD 0.9%

Value $13.79M Shares 288,130 Share Price $47.88 * Est. Cost/Share $26.70 Unrealized @ Report Date +62.2%

ASTL ALGOMA STL GROUP INC 0.9%

Value $13.73M Shares 3,336,525 Share Price $4.12 * Est. Cost/Share $6.85 Unrealized @ Report Date -41.8%

OTEX OPEN TEXT CORP 0.6%

Value $9.098M Shares 279,352 Share Price $32.57 * Est. Cost/Share $30.53 Unrealized @ Report Date +16.0%

AEM AGNICO EAGLE MINES LTD 0.1%

Value $1.545M Shares 9,112 Share Price $169.59 Est. Cost/Share $96.83 Unrealized @ Report Date +73.3%

CNH CNH INDL N V 0.0%

Value $117K Shares 12,680 Share Price $9.22 * Est. Cost/Share $9.99 Unrealized @ Report Date 0.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
RY	ROYAL BK CDA	1,018,409	$174M	11.9%	$170.48 *	$77.21	+98.9%	COM	780087102
TD	TORONTO DOMINION BK ONT	1,593,176	$150M	10.3%	$94.25 *	$48.08	+75.6%	COM NEW	891160509
B	BARRICK MNG CORP	2,347,731	$102M	7.0%	$43.56 *	$19.29	+94.0%	COM SHS	06849F108
BN	BROOKFIELD CORP	2,031,480	$93.28M	6.4%	$45.92	$28.06	+62.3%	CL A LTD VT SH	11271J107
CNI	CANADIAN NATL RY CO	761,487	$75.32M	5.2%	$98.91 *	$78.18	+23.0%	COM	136375102
BNS	BANK NOVA SCOTIA HALIFAX	940,485	$69.37M	4.8%	$73.75 *	$36.85	+84.5%	COM	064149107
SU	SUNCOR ENERGY INC NEW	1,398,002	$62.05M	4.3%	$44.39 *	$17.83	+137.1%	COM	867224107
BMO	BANK MONTREAL QUE	464,627	$60.34M	4.1%	$129.87 *	$87.54	+44.6%	COM	063671101
CVE	CENOVUS ENERGY INC	3,448,636	$58.34M	4.0%	$16.92 *	$15.29	+13.6%	COM	15135U109
TRP	TC ENERGY CORP	934,851	$51.48M	3.5%	$55.07 *	$34.41	+55.0%	COM	87807B107
MFC	MANULIFE FINL CORP	1,302,110	$47.28M	3.2%	$36.31 *	$20.90	+62.4%	COM	56501R106
RCI	ROGERS COMMUNICATIONS INC	1,229,758	$46.42M	3.2%	$37.75	$39.23	-4.5%	CL B	775109200
TU	TELUS CORPORATION	3,350,460	$44.16M	3.0%	$13.18 *	$16.87	-16.5%	COM	87971M103
GIB	CGI INC	395,129	$36.5M	2.5%	$92.37 *	$87.06	+2.2%	CL A SUB VTG	12532H104
ATS	ATS CORPORATION	1,226,450	$33.79M	2.3%	$27.55 *	$28.46	-6.1%	COM	00217Y104
CP	CANADIAN PACIFIC KANSAS CITY	441,304	$32.49M	2.2%	$73.62	$77.33	-4.8%	COM	13646K108
OR	OR ROYALTIES INC.	877,209	$31.07M	2.1%	$35.42	$24.09	+45.4%	COM SHS	68390D106
ENB	ENBRIDGE INC	638,571	$30.56M	2.1%	$47.85	$25.21	+86.9%	COM	29250N105
FNV	FRANCO NEV CORP	143,350	$29.72M	2.0%	$207.29 *	$180.19	+12.5%	COM	351858105
NTR	NUTRIEN LTD	458,531	$28.3M	1.9%	$61.73 *	$42.75	+37.7%	COM	67077M108
TFII	TFI INTL INC	270,163	$27.93M	1.9%	$103.36 *	$92.11	+1.0%	COM	87241L109
MEOH	METHANEX CORP	685,524	$27.19M	1.9%	$39.66 *	$41.57	-10.5%	COM	59151K108
CNQ	CANADIAN NAT RES LTD	791,781	$26.82M	1.8%	$33.87 *	$23.29	+39.2%	COM	136385101
QSR	RESTAURANT BRANDS INTL INC	373,562	$25.49M	1.7%	$68.24	$59.76	+15.3%	COM	76131D103
MGA	MAGNA INTL INC	410,369	$21.88M	1.5%	$53.31 *	$45.65	+7.1%	COM	559222401
AGI	ALAMOS GOLD INC NEW	436,945	$16.87M	1.2%	$38.62 *	$34.84	0.0%	COM CL A	011532108
GIL	GILDAN ACTIVEWEAR INC	268,471	$16.78M	1.2%	$62.51 *	$53.42	+11.3%	COM	375916103
TECK	TECK RESOURCES LTD	288,130	$13.79M	0.9%	$47.88 *	$26.70	+62.2%	CL B	878742204
ASTL	ALGOMA STL GROUP INC	3,336,525	$13.73M	0.9%	$4.12 *	$6.85	-41.8%	COM	015658107
OTEX	OPEN TEXT CORP	279,352	$9.098M	0.6%	$32.57 *	$30.53	+16.0%	COM	683715106
AEM	AGNICO EAGLE MINES LTD	9,112	$1.545M	0.1%	$169.59	$96.83	+73.3%	COM	008474108
CNH	CNH INDL N V	12,680	$117K	0.0%	$9.22 *	$9.99	0.0%	SHS	N20944109