2026 Q3 Portfolio Activity
In 2026 Q3, Scheer, Rowlett & Associates Investment Management Ltd. maintained a portfolio of 32 distinct positions. The most significant new addition was GFL ENVIRONMENTAL INC, now representing 2.10% of the total fund value. They heavily accumulated shares in DESCARTES SYS GROUP INC, increasing the position by 70.3%. Conversely, Scheer, Rowlett & Associates Investment Management Ltd. completely exited their position in CGI INC.
Position History
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Total Positions
32
Quarter
2026 Q3
Top Holding
RY (13.7%)
Top 10 Concentration
64.7%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-32 of 32
Scheer, Rowlett & Associates Investment Management Ltd. Full Holdings List — 2026 Q3
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
RY
ROYAL BK CDA
|
Financial Services | 13.74% | 14.83% |
#1
Prev: #1
|
6.5 |
—
|
-41,323 | -4.1% |
P
S
|
955,741 | $188,010,175 |
$41.29
+394.5%
|
2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | ||
|
TD
TORONTO DOMINIO...
|
Financial Services | 11.01% | 11.44% |
#2
Prev: #2
|
6.0 |
—
|
-29,119 | -2.2% |
P
S
|
1,281,538 | $150,688,975 |
$26.97
+360.9%
|
2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | ||
|
B
BARRICK MNG COR...
|
Basic Materials | 6.01% | 5.37% |
#3
3
Prev: #6
|
3.9 |
—
|
-11,398 | -0.6% |
P
S
|
2,023,935 | $82,305,000 |
$28.35
+41.0%
|
2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | ||
|
CNI
CANADIAN NATL R...
|
Industrials | 5.93% | 6.24% |
#4
1
Prev: #3
|
3.4 |
—
|
-46,028 | -6.3% |
P
S
|
681,784 | $81,158,944 | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
SU
SUNCOR ENERGY I...
|
Energy | 5.91% | 4.94% |
#5
2
Prev: #7
|
3.4 |
—
|
-85,921 | -6.7% |
P
S
|
1,193,273 | $80,917,658 | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
BMO
BANK OF MONTREA...
|
Financial Services | 5.37% | 5.67% |
#6
1
Prev: #5
|
2.6 |
—
|
-7,985 | -1.8% |
P
S
|
439,609 | $73,513,138 | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
BN
BROOKFIELD CORP
|
Financial Services | 5.15% | 5.95% |
#7
3
Prev: #4
|
2.6 |
—
|
-9,922 | -0.5% |
P
S
|
1,932,735 | $70,515,270 | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
CVE
CENOVUS ENERGY ...
|
Energy | 4.99% | 4.80% |
#8
Prev: #8
|
2.5 |
—
|
-481,486 | -18.0% |
P
S
|
2,198,532 | $68,347,729 | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
MFC
MANULIFE FINL C...
|
Financial Services | 3.33% | 3.18% |
#9
Prev: #9
|
1.8 |
—
|
-24,070 | -2.2% |
P
S
|
1,069,023 | $45,553,570 | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
AEM
AGNICO EAGLE MI...
|
Basic Materials | 3.25% | 2.32% |
#10
7
Prev: #17
|
3.3 |
—
|
33,759 | 16.2% |
P
S
|
242,502 | $44,408,481 | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
FNV
FRANCO NEV CORP
|
Basic Materials | 2.98% | 2.57% |
#11
2
Prev: #13
|
1.7 |
—
|
-718 | -0.4% |
P
S
|
171,048 | $40,722,795 | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
TU
TELUS CORPORATI...
|
Communication Services | 2.76% | 3.07% |
#12
2
Prev: #10
|
3.1 |
—
|
507,630 | 12.7% |
P
S
|
4,501,459 | $37,800,486 | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
ATS
ATS CORPORATION
|
Industrials | 2.74% | 2.43% |
#13
1
Prev: #14
|
4.1 |
—
|
898,086 | 76.4% |
P
S
|
2,073,354 | $37,473,184 | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
CP
CANADIAN PACIFI...
|
Industrials | 2.60% | 2.62% |
#14
2
Prev: #12
|
1.5 |
—
|
-2,352 | -0.6% |
P
S
|
418,386 | $35,633,292 | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
TRP
TC ENERGY CORP
|
Energy | 2.34% | 3.05% |
#15
4
Prev: #11
|
1.4 |
—
|
-87,183 | -13.6% |
P
S
|
553,888 | $32,068,056 | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
RCI
ROGERS COMMUNIC...
|
Communication Services | 2.32% | 2.41% |
#16
1
Prev: #15
|
1.4 |
—
|
-1,457 | -0.1% |
P
S
|
1,032,146 | $31,782,619 | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
GIL
GILDAN ACTIVEWE...
|
Consumer Cyclical | 2.22% | 1.72% |
#17
6
Prev: #23
|
3.9 |
—
|
248,636 | 53.5% |
P
S
|
713,035 | $30,379,078 | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
DSGX
DESCARTES SYS G...
|
Technology | 2.20% | 1.09% |
#18
8
Prev: #26
|
3.9 |
—
|
153,533 | 70.3% |
P
S
|
372,060 | $30,098,160 | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
GFL
GFL ENVIRONMENT...
|
Industrials | 2.10% | — |
#19
Prev: #—
|
4.3 |
—
|
688,942 | — |
NEW
|
688,942 | $28,786,161 | 2026 Q3 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
ENB
ENBRIDGE INC
|
Energy | 2.10% | 2.39% |
#20
4
Prev: #16
|
1.3 |
—
|
4,655 | 0.8% |
P
S
|
618,651 | $28,757,541 | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
OR
OR ROYALTIES IN...
|
Basic Materials | 2.07% | 1.89% |
#21
2
Prev: #19
|
1.3 |
—
|
-4,739 | -0.6% |
P
S
|
827,919 | $28,391,207 | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
QSR
RESTAURANT BRAN...
|
Consumer Cyclical | 1.86% | 1.85% |
#22
2
Prev: #20
|
1.2 |
—
|
1,418 | 0.4% |
P
S
|
357,048 | $25,408,767 | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
TFII
TFI INTERNATION...
|
Industrials | 1.82% | 2.15% |
#23
5
Prev: #18
|
1.2 |
—
|
-1,048 | -0.5% |
P
S
|
207,373 | $24,869,104 | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
CNQ
CANADIAN NAT RE...
|
Energy | 1.70% | 1.83% |
#24
3
Prev: #21
|
0.7 |
—
|
-147,623 | -23.0% |
P
S
|
495,610 | $23,309,720 | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
NTR
NUTRIEN LTD
|
Basic Materials | 1.56% | 1.48% |
#25
1
Prev: #24
|
1.1 |
—
|
-24,735 | -7.5% |
P
S
|
303,690 | $21,327,798 | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
ASTL
ALGOMA STL GROU...
|
Basic Materials | 1.17% | 1.13% |
#26
1
Prev: #25
|
1.0 |
—
|
-19,766 | -0.5% |
P
S
|
3,826,624 | $15,999,593 | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
CAE
CAE INC
|
Industrials | 0.72% | 0.74% |
#27
Prev: #27
|
0.8 |
—
|
252 | 0.1% |
P
S
|
410,382 | $9,871,232 | 2026 Q2 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
MEOH
METHANEX CORP
|
Basic Materials | 0.02% | — |
#28
Prev: #—
|
3.5 |
—
|
5,617 | — |
NEW
|
5,617 | $329,506 | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
CNH
CNH INDL N V
|
Industrials | 0.00% | 0.01% |
Sold All 😨
(Was: #30) |
0.0 |
—
|
-12,680 | -100.0% |
CLOSED
|
— | $— | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
AGI
ALAMOS GOLD INC
|
Basic Materials | 0.00% | 0.39% |
Sold All 😨
(Was: #29) |
0.0 |
—
|
-179,580 | -100.0% |
CLOSED
|
— | $— | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
TRI
THOMSON REUTERS...
|
Industrials | 0.00% | 0.66% |
Sold All 😨
(Was: #28) |
0.0 |
—
|
-112,198 | -100.0% |
CLOSED
|
— | $— | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-10 | |||
|
GIB
CGI INC
|
Technology | 0.00% | 1.76% |
Sold All 😨
(Was: #22) |
0.0 |
—
|
-378,430 | -100.0% |
CLOSED
|
— | $— | 2007 Q4 | 13F Filing | 2026-09-30 | 2026-11-10 |
Showing 1-32 of 32 holdings