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Scheer, Rowlett & Associates Investment Management Ltd.

Q4 2025 · Filed 2026-02-10
Market Value
$1.4B
-13.1%
Holdings
32
-1
New Purchases
2
Added To
4
Closed
2
Reduced
24
Top 10 Concentration
64.4%
Turnover
12.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
B 7.35% 6.06% +1.29% $102M
AGI 1.21% 0.00% +1.21% $17M
TFII 2.01% 0.91% +1.10% $28M
TD 10.79% 9.80% +0.99% $150M
RY 12.48% 11.76% +0.72% $174M
MFC 3.40% 2.93% +0.47% $47M
SU 4.46% 4.16% +0.30% $62M
BNS 4.99% 4.71% +0.28% $69M
CNI 5.41% 5.18% +0.23% $75M
ASTL 0.99% 0.85% +0.14% $14M
FNV 2.14% 2.01% +0.13% $30M
QSR 1.83% 1.72% +0.11% $25M
GIL 1.21% 1.11% +0.10% $17M
GIB 2.62% 2.54% +0.08% $36M
TECK 0.99% 0.91% +0.08% $14M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CM 0.00% 2.05% -2.05% $0
TRP 3.70% 5.05% -1.35% $51M
RCI 3.34% 4.22% -0.89% $46M
MGA 1.57% 2.35% -0.78% $22M
ENB 2.20% 2.69% -0.50% $31M
BMO 4.34% 4.83% -0.50% $60M
IAG 0.00% 0.41% -0.41% $0
OTEX 0.65% 1.03% -0.38% $9M
OR 2.23% 2.53% -0.29% $31M
NTR 2.03% 2.21% -0.18% $28M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $174M 12.5%
Large Cap 25 $1.1B 80.5%
Mid Cap 5 $84M 6.0%
Small Cap 1 $14M 1.0%

Portfolio Analytics

Avg Market Cap
$59.0B
Median Market Cap
$38.7B
Avg P/E
22.3
Median P/E
17.4
Avg Dividend Yield
0.02%
Avg Beta
1.08
# Stocks
32
# ETFs / Funds
0

Top Holdings (32 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 RY 12.48% 1,018,409 $174M $170.48 -$15M -260,065 -20.3%
2 TD 10.79% 1,593,176 $150M $94.25 -$7M -370,057 -18.9%
3 B 7.35% 2,347,731 $102M $43.56 $5M -608,032 -20.6%
4 BN 6.70% 2,031,480 $93M $45.92 -$14M +466,750 +29.8%
5 CNI 5.41% 761,487 $75M $98.91 -$8M -118,700 -13.5%
6 BNS 4.99% 940,485 $69M $73.75 -$6M -226,098 -19.4%
7 SU 4.46% 1,398,002 $62M $44.39 -$5M -196,488 -12.3%
8 BMO 4.34% 464,627 $60M $129.87 -$17M -129,676 -21.8%
9 CVE 4.19% 3,448,636 $58M $16.92 -$9M -493,216 -12.5%
10 TRP 3.70% 934,851 $51M $55.07 -$29M -553,773 -37.2%
11 MFC 3.40% 1,302,110 $47M $36.31 $417K -202,471 -13.5%
12 RCI 3.34% 1,229,758 $46M $37.75 -$21M -736,004 -37.4%
13 TU 3.17% 3,350,460 $44M $13.18 -$7M +132,966 +4.1%
14 GIB 2.62% 395,129 $36M $92.37 -$4M -61,522 -13.5%
15 OR 2.23% 877,209 $31M $35.42 -$9M -132,900 -13.2%
16 ENB 2.20% 638,571 $31M $47.85 -$13M -216,922 -25.4%
17 FNV 2.14% 143,350 $30M $207.29 -$2M -1,055 -0.7%
18 NTR 2.03% 458,531 $28M $61.73 -$7M -145,207 -24.1%
19 TFII 2.01% 270,163 $28M $103.36 $13M +104,681 +63.3%
20 MEOH 1.95% 685,524 $27M $39.66 -$4M -93,900 -12.1%
21 CNQ 1.93% 791,781 $27M $33.87 -$4M -164,336 -17.2%
22 QSR 1.83% 373,562 $25M $68.24 -$2M -56,500 -13.1%
23 MGA 1.57% 410,369 $22M $53.31 -$16M -385,312 -48.4%
24 AGI 1.21% 436,945 $17M $38.62 +436,945 NEW
25 GIL 1.21% 268,471 $17M $62.51 -$972K -38,900 -12.7%
26 TECK 0.99% 288,130 $14M $47.88 -$776K -44,100 -13.3%
27 ASTL 0.99% 3,336,525 $14M $4.12 $147K -492,404 -12.9%
28 OTEX 0.65% 279,352 $9M $32.57 -$7M -161,699 -36.7%
29 AEM 0.11% 9,112 $2M $169.59 $45K +200 +2.2%
30 CNHI 0.01% 12,680 $117K $9.22 +12,680 NEW
31 IAG —% -$7M -513,516 -100.0% SOLD
32 CM —% -$33M -411,706 -100.0% SOLD

New Positions

SymbolValue% Port
AGI $17M 1.21%
CNHI $117K 0.01%

Sold Out Positions

SymbolValue% Port
CM —%
IAG —%
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