Scheer, Rowlett & Associates Investment Management Ltd.
Net seller this quarter
$1.39B
30
-$66.1M
65.5%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 RY | $206M | 14.83% | 0.07% | -4.2% | Q2 2013 |
 TD | $159M | 11.44% | 0.08% | -4.2% | Q2 2013 |
 CNI | $86.8M | 6.24% | 0.12% | -0.7% | Q2 2013 |
 BN | $82.8M | 5.95% | Not reported | -0.7% | Q4 2022 |
 BMO | $78.9M | 5.67% | 0.06% | -24.9% | Q3 2015 |
 B | $74.8M | 5.37% | 0.12% | -0.5% | Q2 2025 |
 SU | $68.8M | 4.94% | 0.11% | -5.0% | Q2 2013 |
 CVE | $66.8M | 4.80% | 0.14% | -13.2% | Q2 2013 |
 MFC | $44.3M | 3.18% | Not reported | -0.1% | Q2 2013 |
 TU | $42.8M | 3.07% | 0.26% | +23.9% | Q2 2013 |
 TRP | $42.4M | 3.05% | Not reported | -20.2% | Q2 2019 |
 CP | $36.4M | 2.62% | 0.05% | -0.9% | Q2 2016 |
 FNV | $35.8M | 2.57% | 0.09% | +7.3% | Q3 2025 |
 ATS | $33.8M | 2.43% | 1.20% | -0.6% | Q4 2024 |
 RCI | $33.6M | 2.41% | Not reported | -0.8% | Q2 2013 |
 ENB | $33.3M | 2.39% | 0.03% | -0.6% | Q2 2017 |
 AEM | $32.3M | 2.32% | 0.04% | +2330.9% | Q1 2022 |
 TFII | $30M | 2.15% | 0.25% | -13.9% | Q3 2025 |
 OR | $26.3M | 1.89% | 0.44% | -0.9% | Q2 2025 |
 QSR | $25.8M | 1.85% | 0.10% | -1.0% | Q4 2021 |
 CNQ | $25.4M | 1.83% | 0.03% | -15.6% | Q2 2013 |
 GIB | $24.4M | 1.76% | Not reported | -1.4% | Q2 2020 |
 GIL | $23.9M | 1.72% | 0.25% | +79.8% | Q2 2013 |
 NTR | $20.6M | 1.48% | 0.06% | +14.1% | Q1 2018 |
 ASTL | $15.7M | 1.13% | 3.67% | +19.9% | Q2 2023 |
 DSGX | $15.1M | 1.09% | 0.25% | +37.7% | Q1 2026 |
 CAE | $10.3M | 0.74% | 0.13% | New | Q2 2026 |
 TRI | $9.15M | 0.66% | 0.02% | +18.2% | Q2 2013 |
 AGI | $5.44M | 0.39% | 0.04% | -76.3% | Q4 2025 |
 CNH | $142K | 0.01% | 0.00% | Not reported | Q3 2024 |
| Q1 2026 | |||||
| RY | $168M | 12.10% | 0.07% | +2.2% | Q2 2013 |
| TD | $128M | 9.18% | 0.08% | -14.1% | Q2 2013 |
| SU | $89.1M | 6.41% | 0.11% | -3.6% | Q2 2013 |
| B | $83.6M | 6.02% | 0.12% | -12.8% | Q2 2025 |
| CVE | $81.7M | 5.88% | 0.16% | -10.4% | Q2 2013 |
| BMO | $80.8M | 5.81% | 0.08% | +28.3% | Q3 2015 |
| BN | $79.3M | 5.70% | Not reported | -3.7% | Q4 2022 |
| CNI | $75.5M | 5.43% | 0.12% | -3.7% | Q2 2013 |
| TRP | $50.2M | 3.61% | Not reported | -14.0% | Q2 2019 |
| TU | $41.5M | 2.98% | 0.21% | -3.8% | Q2 2013 |
| RCI | $40.1M | 2.88% | Not reported | -15.2% | Q2 2013 |
| FNV | $39.6M | 2.85% | 0.08% | +11.7% | Q3 2025 |
| MFC | $37.7M | 2.71% | Not reported | -16.0% | Q2 2013 |
| CNQ | $37.2M | 2.67% | 0.04% | -3.8% | Q2 2013 |
| AGI | $33.7M | 2.42% | 0.18% | +73.3% | Q4 2025 |
| ENB | $33.5M | 2.41% | 0.03% | -3.3% | Q2 2017 |
| CP | $33.4M | 2.40% | 0.05% | -3.8% | Q2 2016 |
| ATS | $33.3M | 2.40% | 1.20% | -3.6% | Q4 2024 |
| OR | $32M | 2.30% | 0.45% | -4.2% | Q2 2025 |
| GIB | $28.1M | 2.02% | Not reported | -2.8% | Q2 2020 |
| QSR | $26.6M | 1.91% | 0.10% | -3.8% | Q4 2021 |
| TFII | $26.4M | 1.90% | 0.29% | -10.4% | Q3 2025 |
| NTR | $21.7M | 1.56% | 0.05% | -37.2% | Q1 2018 |
| GIL | $14.4M | 1.03% | 0.14% | -3.8% | Q2 2013 |
 TECK | $14.3M | 1.03% | Not reported | -3.8% | Q2 2013 |
| ASTL | $13.2M | 0.95% | 3.06% | -3.9% | Q2 2023 |
| DSGX | $11.4M | 0.82% | 0.18% | New | Q1 2026 |
 MGA | $10.4M | 0.75% | 0.07% | -54.8% | Q2 2013 |
 MEOH | $9.68M | 0.70% | 0.21% | -76.3% | Q3 2015 |
| TRI | $8.57M | 0.62% | 0.02% | Not reported | Q2 2013 |
 OTEX | $5.72M | 0.41% | 0.11% | -8.1% | Q4 2020 |
| AEM | $1.74M | 0.13% | 0.00% | -5.8% | Q1 2022 |
| CNH | $139K | 0.01% | 0.00% | Not reported | Q3 2024 |
| Q4 2025 | |||||
| RY | $174M | 11.91% | 0.07% | -20.3% | Q2 2013 |
| TD | $150M | 10.30% | 0.09% | -18.9% | Q2 2013 |
| B | $102M | 7.02% | 0.14% | -20.6% | Q2 2025 |
| BN | $93.3M | 6.40% | Not reported | -13.5% | Q4 2022 |
| CNI | $75.3M | 5.17% | 0.12% | -13.5% | Q2 2013 |
 BNS | $69.4M | 4.76% | 0.08% | -19.4% | Q2 2013 |
| SU | $62.1M | 4.26% | 0.12% | -12.3% | Q2 2013 |
| BMO | $60.3M | 4.14% | 0.07% | -21.8% | Q3 2015 |
| CVE | $58.3M | 4.00% | 0.18% | -12.5% | Q2 2013 |
| TRP | $51.5M | 3.53% | Not reported | -37.2% | Q2 2019 |
| MFC | $47.3M | 3.24% | Not reported | -13.5% | Q2 2013 |
| RCI | $46.4M | 3.18% | Not reported | -37.4% | Q2 2013 |
| TU | $44.2M | 3.03% | 0.22% | +4.1% | Q2 2013 |
| GIB | $36.5M | 2.50% | Not reported | -13.5% | Q2 2020 |
| ATS | $33.8M | 2.32% | 1.27% | +0.8% | Q4 2024 |
| CP | $32.5M | 2.23% | 0.05% | -24.0% | Q2 2016 |
| OR | $31.1M | 2.13% | 0.47% | -13.2% | Q2 2025 |
| ENB | $30.6M | 2.10% | 0.03% | -25.4% | Q2 2017 |
| FNV | $29.7M | 2.04% | 0.07% | -0.7% | Q3 2025 |
| NTR | $28.3M | 1.94% | 0.08% | -24.1% | Q1 2018 |
| TFII | $27.9M | 1.92% | 0.32% | +63.3% | Q3 2025 |
| MEOH | $27.2M | 1.87% | 0.89% | -12.1% | Q3 2015 |
| CNQ | $26.8M | 1.84% | 0.04% | -17.2% | Q2 2013 |
| QSR | $25.5M | 1.75% | 0.11% | -13.1% | Q4 2021 |
| MGA | $21.9M | 1.50% | 0.15% | -48.4% | Q2 2013 |
| AGI | $16.9M | 1.16% | 0.10% | New | Q4 2025 |
| GIL | $16.8M | 1.15% | 0.15% | -12.7% | Q2 2013 |
| TECK | $13.8M | 0.95% | Not reported | -13.3% | Q2 2013 |
| ASTL | $13.7M | 0.94% | 3.18% | -12.9% | Q2 2023 |
| OTEX | $9.1M | 0.62% | 0.11% | -36.7% | Q4 2020 |
| AEM | $1.55M | 0.11% | 0.00% | +2.2% | Q1 2022 |
| CNH | $117K | 0.01% | 0.00% | Not reported | Q3 2024 |
| Q3 2025 | |||||
| RY | $188M | 11.23% | 0.09% | -3.0% | Q2 2013 |
| TD | $157M | 9.36% | 0.11% | -7.1% | Q2 2013 |
| BN | $107M | 6.40% | Not reported | -1.8% | Q4 2022 |
| B | $97.1M | 5.79% | 0.17% | -1.6% | Q2 2025 |
| CNI | $83M | 4.95% | 0.14% | +9.7% | Q2 2013 |
| TRP | $80.9M | 4.83% | Not reported | -9.4% | Q2 2019 |
| BMO | $77.4M | 4.62% | 0.08% | -2.2% | Q3 2015 |
| BNS | $75.4M | 4.50% | 0.09% | -1.8% | Q2 2013 |
| RCI | $67.7M | 4.03% | Not reported | -1.9% | Q2 2013 |
| CVE | $66.9M | 3.99% | 0.22% | -1.3% | Q2 2013 |
| SU | $66.7M | 3.98% | 0.13% | -6.9% | Q2 2013 |
| TU | $50.7M | 3.02% | 0.21% | -1.8% | Q2 2013 |
| MFC | $46.9M | 2.79% | Not reported | +8.6% | Q2 2013 |
| CP | $43.3M | 2.58% | 0.06% | -10.4% | Q2 2016 |
| ENB | $43.1M | 2.57% | 0.04% | -5.1% | Q2 2017 |
| GIB | $40.7M | 2.42% | Not reported | -11.7% | Q2 2020 |
| OR | $40.5M | 2.41% | 0.54% | -1.7% | Q2 2025 |
| MGA | $37.7M | 2.25% | 0.28% | -21.2% | Q2 2013 |
| NTR | $35.4M | 2.11% | 0.11% | -1.8% | Q1 2018 |
 CM | $32.9M | 1.96% | 0.04% | -1.5% | Q2 2013 |
| FNV | $32.1M | 1.92% | 0.08% | New | Q3 2025 |
| ATS | $31.8M | 1.90% | 1.26% | +53.6% | Q4 2024 |
| MEOH | $31M | 1.85% | 1.16% | -1.9% | Q3 2015 |
| CNQ | $30.6M | 1.82% | 0.05% | +1.9% | Q2 2013 |
| QSR | $27.6M | 1.64% | 0.13% | -9.5% | Q4 2021 |
| GIL | $17.8M | 1.06% | 0.20% | Not reported | Q2 2013 |
| OTEX | $16.5M | 0.98% | 0.18% | +59.3% | Q4 2020 |
| TECK | $14.6M | 0.87% | Not reported | +80.7% | Q2 2013 |
| TFII | $14.6M | 0.87% | 0.20% | New | Q3 2025 |
| ASTL | $13.6M | 0.81% | 3.65% | -1.8% | Q2 2023 |
 IAG | $6.63M | 0.40% | 0.09% | New | Q3 2025 |
| AEM | $1.5M | 0.09% | 0.00% | +91.8% | Q1 2022 |