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Scheer, Rowlett & Associates Investment Management Ltd.

Q3 2025 · Filed 2025-11-13
Market Value
$1.6B
+9.1%
Holdings
33
-1
New Purchases
4
Added To
6
Closed
3
Reduced
20
Top 10 Concentration
62.5%
Turnover
21.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
FNV 2.01% 0.00% +2.01% $32M
B 6.06% 4.26% +1.80% $97M
GIL 1.11% 0.00% +1.11% $18M
TFII 0.91% 0.00% +0.91% $15M
OR 2.53% 1.80% +0.73% $40M
OTEX 1.03% 0.55% +0.48% $16M
CVE 4.18% 3.70% +0.48% $67M
IAG 0.41% 0.00% +0.41% $7M
TECK 0.91% 0.51% +0.40% $15M
BMO 4.83% 4.59% +0.24% $77M
BNS 4.71% 4.48% +0.23% $75M
RCI 4.22% 4.05% +0.17% $68M
MEOH 1.93% 1.80% +0.14% $31M
AEM 0.09% 0.04% +0.06% $2M
CM 2.05% 2.02% +0.03% $33M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NEM 0.00% 1.60% -1.60% $0
GIB 2.54% 3.70% -1.16% $41M
ASTL 0.85% 1.84% -0.99% $14M
TIXT 0.00% 0.91% -0.91% $0
TD 9.80% 10.60% -0.80% $157M
GOOS 0.00% 0.80% -0.80% $0
CNI 5.18% 5.70% -0.52% $83M
QSR 1.72% 2.15% -0.43% $28M
TU 3.16% 3.59% -0.42% $51M
TRP 5.05% 5.46% -0.41% $81M
MGA 2.35% 2.66% -0.31% $38M
NTR 2.21% 2.44% -0.23% $35M
SU 4.16% 4.38% -0.21% $67M
CNQ 1.91% 2.01% -0.10% $31M
MFC 2.93% 3.02% -0.09% $47M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $188M 11.8%
Large Cap 24 $1.3B 80.4%
Mid Cap 5 $112M 7.0%
Small Cap 3 $14M 0.8%

Portfolio Analytics

Avg Market Cap
$59.8B
Median Market Cap
$43.6B
Avg P/E
23.2
Median P/E
17.4
Avg Dividend Yield
0.02%
Avg Beta
1.06
# Stocks
33
# ETFs / Funds
0

Top Holdings (33 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 RY 11.76% 1,278,474 $188M $147.36 $15M -39,787 -3.0%
2 TD 9.80% 1,963,233 $157M $79.94 $1M -150,497 -7.1%
3 BN 6.70% 1,564,730 $107M $68.60 $9M -28,065 -1.8%
4 B 6.06% 2,955,763 $97M $32.84 $34M -47,675 -1.6%
5 CNI 5.18% 880,187 $83M $94.28 -$661K +77,930 +9.7%
6 TRP 5.05% 1,488,624 $81M $54.36 $729K -154,943 -9.4%
7 BMO 4.83% 594,303 $77M $130.28 $10M -13,398 -2.2%
8 BNS 4.71% 1,166,583 $75M $64.65 $10M -21,793 -1.8%
9 RCI 4.22% 1,965,762 $68M $34.42 $8M -37,950 -1.9%
10 CVE 4.18% 3,941,852 $67M $16.98 $13M -51,958 -1.3%
11 SU 4.16% 1,594,490 $67M $41.84 $2M -118,076 -6.9%
12 TU 3.16% 3,217,494 $51M $15.75 -$2M -57,209 -1.8%
13 MFC 2.93% 1,504,581 $47M $31.15 $3M +119,507 +8.6%
14 ENB 2.69% 855,493 $43M $50.44 $2M -46,017 -5.1%
15 GIB 2.54% 456,651 $41M $89.05 -$14M -60,436 -11.7%
16 OR 2.53% 1,010,109 $40M $40.07 $14M -17,100 -1.7%
17 MGA 2.35% 795,681 $38M $47.37 -$1M -214,067 -21.2%
18 NTR 2.21% 603,738 $35M $58.71 -$384K -10,788 -1.8%
19 CM 2.05% 411,706 $33M $79.89 $3M -6,417 -1.5%
20 FNV 2.01% 144,405 $32M $222.53 +144,405 NEW
21 MEOH 1.93% 779,424 $31M $39.75 $5M -14,855 -1.9%
22 CNQ 1.91% 956,117 $31M $31.97 $1M +17,717 +1.9%
23 QSR 1.72% 430,062 $28M $64.14 -$4M -45,080 -9.5%
24 GIL 1.11% 307,371 $18M $57.76 +307,371 NEW
25 OTEX 1.03% 441,051 $16M $37.37 $8M +164,123 +59.3%
26 TECK 0.91% 332,230 $15M $43.86 $7M +148,387 +80.7%
27 TFII 0.91% 165,482 $15M $87.99 +165,482 NEW
28 ASTL 0.85% 3,828,929 $14M $3.55 -$13M -69,276 -1.8%
29 IAG 0.41% 513,516 $7M $12.92 +513,516 NEW
30 AEM 0.09% 8,912 $2M $168.39 $947K +4,266 +91.8%
31 GOOS —% -$12M -1,047,971 -100.0% SOLD
32 TIXT —% -$13M -3,667,490 -100.0% SOLD
33 NEM —% -$23M -401,777 -100.0% SOLD

New Positions

SymbolValue% Port
FNV $32M 2.01%
GIL $18M 1.11%
TFII $15M 0.91%
IAG $7M 0.41%

Sold Out Positions

SymbolValue% Port
GOOS —%
NEM —%
TIXT —%
View SEC EDGAR Filings for Scheer, Rowlett & Associates Investment Management Ltd. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms