1y return+29.4%S&P 500 +20.9%
3y return+48.6%S&P 500 +68.5%
5y return+42.7%S&P 500 +74.5%
10y return+127.4%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $227 against $357 in the S&P 500.2
Scheer, Rowlett & Associates Investment Management Ltd.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| RYRoyal Bk Cda | $206.3M | 14.8% | −4.2% |
| TDToronto Dominion Bk Ont | $159.2M | 11.4% | −4.2% |
| CNICanadian Natl Ry Co | $86.8M | 6.2% | |
| BNBrookfield Corp | $82.8M | 6.0% | |
| BMOBank Montreal Medium | $78.9M | 5.7% | −24.9% |
| BBarrick Mng Corp | $74.8M | 5.4% | |
| SUSuncor Energy Inc New | $68.8M | 4.9% | −5.0% |
| CVECenovus Energy Inc | $66.8M | 4.8% | −13.2% |
| MFCManulife Finl Corp | $44.3M | 3.2% | |
| TUTelus Corporation | $42.8M | 3.1% | +23.9% |
| TRPTc Energy Corp | $42.4M | 3.0% | −20.2% |
| CPCanadian Pacific Kansas City | $36.4M | 2.6% | |
| FNVFranco Nev Corp | $35.8M | 2.6% | +7.3% |
| ATSAts Corporation | $33.8M | 2.4% | |
| RCIRogers Communications Inc | $33.6M | 2.4% | |
| ENBEnbridge Inc | $33.3M | 2.4% | |
| AEMAgnico Eagle Mines Ltd | $32.3M | 2.3% | +2330.9% |
| TFIITfi International Inc | $30.0M | 2.2% | −13.9% |
| OROr Royalties Inc. | $26.3M | 1.9% | |
| QSRRestaurant Brands Intl Inc | $25.8M | 1.9% | −1.0% |
| CNQCanadian Nat Res Ltd Med Ter | $25.4M | 1.8% | −15.6% |
| GIBCgi Inc | $24.4M | 1.8% | −1.4% |
| GILGildan Activewear Inc | $23.9M | 1.7% | +79.8% |
| NTRNutrien Ltd | $20.6M | 1.5% | +14.1% |
| ASTLAlgoma Stl Group Inc | $15.7M | 1.1% | +19.9% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| CVECenovus Energy Inc | June 30, 2020 | +431.3% | $66.8M |
| CNQCanadian Nat Res Ltd Med Ter | June 30, 2020 | +354.1% | $25.4M |
| SUSuncor Energy Inc New | June 30, 2020 | +218.4% | $68.8M |
| RYRoyal Bk Cda | June 30, 2020 | +205.3% | $206.3M |
| TDToronto Dominion Bk Ont | June 30, 2020 | +172.2% | $159.2M |
| AEMAgnico Eagle Mines Ltd | March 31, 2022 | +153.3% | $32.3M |
| MFCManulife Finl Corp | September 30, 2021 | +110.5% | $44.3M |
| BMOBank Montreal Medium | March 31, 2021 | +98.3% | $78.9M |
| NTRNutrien Ltd | June 30, 2020 | +96.1% | $20.6M |
| ENBEnbridge Inc | June 30, 2020 | +78.2% | $33.3M |
Sold off last quarter
- TECKTeck Resources Ltd was $14.3M
- MGAMagna Intl Inc was $10.4M
- MEOHMethanex Corp was $9.7M
- Thomson Reuters CorpCUSIP 884903808 was $8.6M
- OTEXOpen Text Corp was $5.7M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +4.8% | +14.8% |
| March 31, 2026 | +5.8% | −4.6% |
| December 31, 2025 | +5.6% | +2.4% |
| September 30, 2025 | +10.5% | +7.8% |
| June 30, 2025 | +11.4% | +10.5% |
| March 31, 2025 | −2.8% | −4.6% |
| December 31, 2024 | −5.8% | +2.1% |
| September 30, 2024 | +11.6% | +5.4% |
| June 30, 2024 | −4.8% | +4.0% |
| March 31, 2024 | +2.3% | +10.0% |
| December 31, 2023 | +9.9% | +11.2% |
| September 30, 2023 | −5.7% | −3.6% |
| June 30, 2023 | +0.5% | +8.3% |
| March 31, 2023 | +1.1% | +7.0% |
| December 31, 2022 | +5.1% | +7.1% |
| September 30, 2022 | −11.1% | −5.3% |
| June 30, 2022 | −15.7% | −16.5% |
| March 31, 2022 | +11.5% | −4.9% |
| December 31, 2021 | +9.2% | +10.7% |
| September 30, 2021 | −1.6% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Scheer, Rowlett & Associates Investment Management Ltd. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1426327&type=13F-HR&dateb=&owner=include&count=40CIK 1426327
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1426327/000142632726000004/Filed August 13, 2026 · accession 0001426327-26-000004