Scheer, Rowlett & Associates Investment Management portfolio
Concentrated managerType not verifiedPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 13, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Scheer, Rowlett & Associates Investment Management reported a $1.4 bn portfolio of 30 positions to the SEC as of the end of Q2 2026. Its largest positions are RY, TD, CNI. During the quarter it opened CAE and exited Teck Resources and Magna International.
Sections with a free account
What changed this quarter
24 positions with a change (1 new, 8 added to, 11 trimmed, 4 sold). 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Agnico Eagle Mines+2,331%more sharesIncreased0.1% → 2.3%
- Bank of Montreal−25%fewer sharesReduced5.8% → 5.7%
- Alamos Gold−76%fewer sharesReduced2.4% → 0.4%
- Teck Resources−1.0 ppof portfolioSold out1.0% → —
- TC Energy−20%fewer sharesReduced3.6% → 3.0%
- Gildan Activewear+80%more sharesIncreased1.0% → 1.7%
- Magna International−0.7 ppof portfolioSold out0.7% → —
- CAE+0.7 ppof portfolioNew— → 0.7%
- Cenovus Energy−13%fewer sharesReduced5.9% → 4.8%
- Methanex−0.7 ppof portfolioSold out0.7% → —
- Royal Bank of Canada−4.2%fewer sharesReduced12.1% → 14.8%
- Telus+24%more sharesIncreased3.0% → 3.1%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Royal Bank of CanadaRY14.8%
- Toronto Dominion BankTD11.4%
- Canadian National RailwayCNI6.2%
- BrookfieldBN6.0%
- Bank of MontrealBMO5.7%
- Barrick MiningB5.4%
- Suncor EnergySU4.9%
- Cenovus EnergyCVE4.8%
- Manulife FinancialMFC3.2%
- TelusTU3.1%
- TC EnergyTRP3.0%
- Canadian Pacific Kansas CityCP2.6%
- Franco NevadaFNV2.6%
- ATSATS2.4%
- Rogers CommunicationsRCI2.4%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Financials 41%
- ● Energy 17%
- ● Industrials 14%
- ● Materials 10%
- ● Communication Services 6%
- ● No sector 5%
- ● Consumer Discretionary 4%
- ● Information Technology 3%
How its portfolio changed (8 quarters)
Q2 2026: 30
Q2 2026: 66%
Q2 2026: 7.5%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Type not verified. It meets the portfolio criteria of a concentrated manager, but its type is not verified: we found no official document that is enough to say what kind of entity it is. It may be an investment firm, but also an adviser adding up client accounts, a bank or a family vehicle. It counts in the tallies like the rest; keep that in mind when reading it. How the type is assigned
Managers of a similar size
A 13F portfolio value between a third and three times this one, whatever the type of filer. It is not a comparison of what they hold.
- Talbot Financial$1.4 bn
- AltraVue CapitalInvestment firm · $1.4 bn
- Teewinot Capital Advisers, L.L.CInvestment firm · $1.4 bn
- Impactive CapitalInvestment firm · $1.4 bn
- Pale Fire Capital$1.4 bn
- Guardcap Asset ManagementInvestment firm · $1.4 bn