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Scheer, Rowlett & Associates Investment Management Ltd.

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13F filer, CIK 1426327, TORONTO, Ontario, Canada

Scheer, Rowlett & Associates Investment Management Ltd. reported $1,390,491,657 across 33 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-11. Its ten largest share positions make up 63.12% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001426327-26-000003

Period
2026-03-31
Reported value
$1.39B
Holdings
33
Top 10 weight
63.12%
New
2
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
BMOadded+131,698$17.8M
AGIadded+320,044$14.2M
DSGXnew+158,694$11.4M
TRInew+94,951$8.57M
FNVadded+16,704$4.14M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
BNSexited-940,485-$69.4M
MEOHreduced-523,099-$31.2M
TDreduced-224,963-$21M
NTRreduced-170,672-$12.9M
MGAreduced-224,902-$12.6M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2026

Share positions as resolved from 13F-HR 0001426327-26-000003, largest first. % of portfolio is the value over $1,390,491,657, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
RYROYAL BK CDAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,229,055 shares; 2024Q4: 1,242,836 shares; 2025Q1: 1,283,071 shares; 2025Q2: 1,318,261 shares; 2025Q3: 1,278,474 shares; 2025Q4: 1,018,409 shares; 2026Q1: 1,040,618 shares 1,040,618$168M12.1%+22,209Timeline
TDTORONTO DOMINION BK ONTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,896,008 shares; 2024Q4: 2,000,901 shares; 2025Q1: 2,056,970 shares; 2025Q2: 2,113,730 shares; 2025Q3: 1,963,233 shares; 2025Q4: 1,593,176 shares; 2026Q1: 1,368,213 shares 1,368,213$128M9.18%-224,963Timeline
SUSUNCOR ENERGY INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,850,781 shares; 2024Q4: 1,754,555 shares; 2025Q1: 1,804,212 shares; 2025Q2: 1,712,566 shares; 2025Q3: 1,594,490 shares; 2025Q4: 1,398,002 shares; 2026Q1: 1,347,051 shares 1,347,051$89.1M6.41%-50,951Timeline
BBARRICK MNG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 3,003,438 shares; 2025Q3: 2,955,763 shares; 2025Q4: 2,347,731 shares; 2026Q1: 2,046,425 shares 2,046,425$83.6M6.02%-301,306Timeline
CVECENOVUS ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 3,163,034 shares; 2024Q4: 3,786,011 shares; 2025Q1: 3,895,976 shares; 2025Q2: 3,993,810 shares; 2025Q3: 3,941,852 shares; 2025Q4: 3,448,636 shares; 2026Q1: 3,088,546 shares 3,088,546$81.7M5.88%-360,090Timeline
BMOBANK OF MONTREALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 214,070 shares; 2024Q4: 356,924 shares; 2025Q1: 563,083 shares; 2025Q2: 607,701 shares; 2025Q3: 594,303 shares; 2025Q4: 464,627 shares; 2026Q1: 596,325 shares 596,325$80.8M5.81%+131,698Timeline
BNBROOKFIELD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,495,654 shares; 2024Q4: 1,511,750 shares; 2025Q1: 1,550,275 shares; 2025Q2: 1,592,795 shares; 2025Q3: 1,564,730 shares; 2025Q4: 2,031,480 shares; 2026Q1: 1,956,028 shares 1,956,028$79.3M5.7%-75,452Timeline
CNICANADIAN NATL RY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 494,511 shares; 2024Q4: 710,796 shares; 2025Q1: 730,893 shares; 2025Q2: 802,257 shares; 2025Q3: 880,187 shares; 2025Q4: 761,487 shares; 2026Q1: 733,191 shares 733,191$75.5M5.43%-28,296Timeline
TRPTC ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 2,018,506 shares; 2024Q4: 1,851,112 shares; 2025Q1: 1,697,266 shares; 2025Q2: 1,643,567 shares; 2025Q3: 1,488,624 shares; 2025Q4: 934,851 shares; 2026Q1: 803,654 shares 803,654$50.2M3.61%-131,197Timeline
TUTELUS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 3,233,944 shares; 2024Q4: 3,403,521 shares; 2025Q1: 3,501,231 shares; 2025Q2: 3,274,703 shares; 2025Q3: 3,217,494 shares; 2025Q4: 3,350,460 shares; 2026Q1: 3,224,096 shares 3,224,096$41.5M2.98%-126,364Timeline
RCIROGERS COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,163,098 shares; 2024Q4: 1,443,877 shares; 2025Q1: 1,768,948 shares; 2025Q2: 2,003,712 shares; 2025Q3: 1,965,762 shares; 2025Q4: 1,229,758 shares; 2026Q1: 1,042,339 shares 1,042,339$40.1M2.88%-187,419Timeline
FNVFRANCO NEV CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 144,405 shares; 2025Q4: 143,350 shares; 2026Q1: 160,054 shares 160,054$39.6M2.85%+16,704Timeline
MFCMANULIFE FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,382,077 shares; 2024Q4: 1,312,537 shares; 2025Q1: 1,351,667 shares; 2025Q2: 1,385,074 shares; 2025Q3: 1,504,581 shares; 2025Q4: 1,302,110 shares; 2026Q1: 1,094,428 shares 1,094,428$37.7M2.71%-207,682Timeline
CNQCANADIAN NAT RES LTD MED TERQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 878,345 shares; 2024Q4: 890,610 shares; 2025Q1: 917,170 shares; 2025Q2: 938,400 shares; 2025Q3: 956,117 shares; 2025Q4: 791,781 shares; 2026Q1: 762,030 shares 762,030$37.2M2.67%-29,751Timeline
AGIALAMOS GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 436,945 shares; 2026Q1: 756,989 shares 756,989$33.7M2.42%+320,044Timeline
ENBENBRIDGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 838,313 shares; 2024Q4: 857,666 shares; 2025Q1: 883,680 shares; 2025Q2: 901,510 shares; 2025Q3: 855,493 shares; 2025Q4: 638,571 shares; 2026Q1: 617,581 shares 617,581$33.5M2.41%-20,990Timeline
CPCANADIAN PACIFIC KANSAS CITYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 551,626 shares; 2024Q4: 615,873 shares; 2025Q1: 634,083 shares; 2025Q2: 648,343 shares; 2025Q3: 581,004 shares; 2025Q4: 441,304 shares; 2026Q1: 424,696 shares 424,696$33.4M2.4%-16,608Timeline
ATSATS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 148,984 shares; 2025Q1: 632,491 shares; 2025Q2: 792,305 shares; 2025Q3: 1,217,184 shares; 2025Q4: 1,226,450 shares; 2026Q1: 1,181,937 shares 1,181,937$33.3M2.4%-44,513Timeline
OROR ROYALTIES INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,027,209 shares; 2025Q3: 1,010,109 shares; 2025Q4: 877,209 shares; 2026Q1: 840,453 shares 840,453$32M2.3%-36,756Timeline
GIBCGI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 389,188 shares; 2024Q4: 490,663 shares; 2025Q1: 505,237 shares; 2025Q2: 517,087 shares; 2025Q3: 456,651 shares; 2025Q4: 395,129 shares; 2026Q1: 383,925 shares 383,925$28.1M2.02%-11,204Timeline
QSRRESTAURANT BRANDS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 610,343 shares; 2024Q4: 645,072 shares; 2025Q1: 621,300 shares; 2025Q2: 475,142 shares; 2025Q3: 430,062 shares; 2025Q4: 373,562 shares; 2026Q1: 359,229 shares 359,229$26.6M1.91%-14,333Timeline
TFIITFI INTERNATIONAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 165,482 shares; 2025Q4: 270,163 shares; 2026Q1: 242,180 shares 242,180$26.4M1.9%-27,983Timeline
NTRNUTRIEN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 602,723 shares; 2024Q4: 671,989 shares; 2025Q1: 598,217 shares; 2025Q2: 614,526 shares; 2025Q3: 603,738 shares; 2025Q4: 458,531 shares; 2026Q1: 287,859 shares 287,859$21.7M1.56%-170,672Timeline
GILGILDAN ACTIVEWEAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 677,833 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 307,371 shares; 2025Q4: 268,471 shares; 2026Q1: 258,258 shares 258,258$14.4M1.03%-10,213Timeline
TECKTECK RESOURCES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 171,333 shares; 2024Q4: 174,703 shares; 2025Q1: 178,803 shares; 2025Q2: 183,843 shares; 2025Q3: 332,230 shares; 2025Q4: 288,130 shares; 2026Q1: 277,200 shares 277,200$14.3M1.03%-10,930Timeline
ASTLALGOMA STL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 2,157,313 shares; 2024Q4: 2,179,362 shares; 2025Q1: 2,908,572 shares; 2025Q2: 3,898,205 shares; 2025Q3: 3,828,929 shares; 2025Q4: 3,336,525 shares; 2026Q1: 3,207,480 shares 3,207,480$13.2M0.95%-129,045Timeline
DSGXDESCARTES SYS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 158,694 shares 158,694$11.4M0.82%newTimeline
MGAMAGNA INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 926,411 shares; 2024Q4: 984,755 shares; 2025Q1: 983,905 shares; 2025Q2: 1,009,748 shares; 2025Q3: 795,681 shares; 2025Q4: 410,369 shares; 2026Q1: 185,467 shares 185,467$10.4M0.75%-224,902Timeline
MEOHMETHANEX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 433,122 shares; 2024Q4: 439,069 shares; 2025Q1: 452,943 shares; 2025Q2: 794,279 shares; 2025Q3: 779,424 shares; 2025Q4: 685,524 shares; 2026Q1: 162,425 shares 162,425$9.68M0.7%-523,099Timeline
TRITHOMSON REUTERS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 94,951 shares 94,951$8.57M0.62%newTimeline
OTEXOPEN TEXT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 196,899 shares; 2024Q4: 264,108 shares; 2025Q1: 273,038 shares; 2025Q2: 276,928 shares; 2025Q3: 441,051 shares; 2025Q4: 279,352 shares; 2026Q1: 256,800 shares 256,800$5.72M0.41%-22,552Timeline
AEMAGNICO EAGLE MINES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 4,805 shares; 2024Q4: 4,976 shares; 2025Q1: 5,746 shares; 2025Q2: 4,646 shares; 2025Q3: 8,912 shares; 2025Q4: 9,112 shares; 2026Q1: 8,587 shares 8,587$1.74M0.13%-525Timeline
CNHCNH INDL N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 12,420 shares; 2024Q4: 15,240 shares; 2025Q1: 17,970 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 12,680 shares; 2026Q1: 12,680 shares 12,680$139K0.01%0Timeline

Sold out in Q1 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
BNSBANK NOVA SCOTIA B C940,485$69.4Mshares

How Q1 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001426327-26-000003 base2026-05-11acceptance time not in the bulk data set