SEC 13F Intelligence

Managers / Q4 2021 · view latest →

Scheer, Rowlett & Associates Investment Management Ltd.

CIK 0001426327 · 130 KING STREET WEST, SUITE 1400, TORONTO, A6, M5X 1C8 · 416-862-2020

Reported Value
$1.5B
Q4 2021
Positions
29
Filings on Record
30
2019–present window
Filed
Feb 10, 2022
original filing

Summary

Scheer, Rowlett & Associates Investment Management Ltd. reported $1.5B in U.S.-listed holdings across 29 positions for Q4 2021.

Its largest position, TD, represents 11.2% of the portfolio.

Compared with Q3 2021, the fund opened 1 new position and exited 0.

Portfolio Metrics

Turnover
+5.0%
vs prior filed quarter
Top-10 Concentration
+59.7%
share of reported value
Largest Position
+11.2%
Toronto Dominion Bk Ont

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $1.3BQ4 ’18Q1 ’19: $1.4BQ2 ’19: $1.5BQ3 ’19: $1.3BQ4 ’19: $1.4BQ4 ’19Q1 ’20: $991MQ2 ’20: $1.1BQ3 ’20: $1.1BQ4 ’20: $1.3BQ4 ’20Q1 ’21: $1.3BQ2 ’21: $1.4BQ3 ’21: $1.4BQ4 ’21: $1.5BQ4 ’21Q1 ’22: $1.5BQ2 ’22: $1.3BQ3 ’22: $1.1BQ4 ’22: $1.2BQ4 ’22Q1 ’23: $1.2BQ2 ’23: $1.2BQ3 ’23: $1.2BQ4 ’23: $1.3BQ4 ’23Q1 ’24: $1.4BQ2 ’24: $1.3BQ3 ’24: $1.4BQ4 ’24: $1.4BQ4 ’24Q1 ’25: $1.3BQ2 ’25: $1.5BQ3 ’25: $1.7BQ4 ’25: $1.5BQ4 ’25Q1 ’26: $1.4Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 88.7%Other: 11.3%
  • Common Stock · 88.7% · $1.3B
  • Other · 11.3% · $164M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
QSRRESTAURANT BRANDS INTL INCNEW+335.2K335.2K+$20M$20M
GILGILDAN ACTIVEWEAR INCTRIMMED−521.0K472.0K−$16M$20M
OTXOPEN TEXT CORPTRIMMED−162.0K234.5K−$8M$11M
BMOBANK MONTREAL QUEADDED+67.1K231.8K+$9M$25M
CANADIAN PAC RY LTDADDED+177.8K736.9K+$17M$53M
GIB/ACGI INCTRIMMED−71.1K170.5K−$5M$15M
TECK/BTECK RESOURCES LTDTRIMMED−453.8K2.03M−$3M$59M
CNRCANADIAN NATL RY COTRIMMED−90.8K488.6K−$7M$60M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2021

29 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TDTORONTO DOMINION BK ONThistory →COM NEW11.20%$163M2.12M
2BNSBANK NOVA SCOTIA B Chistory →COM8.60%$125M1.77M
3RYROYAL BK CDAhistory →COM7.03%$102M961.9K
4BROOKFIELD ASSET MGMT INCCL A LTD VT SH5.74%$84M1.38M
5TRPTC ENERGY CORPhistory →COM5.20%$76M1.63M
6CMCANADIAN IMP BK COMMhistory →COM4.96%$72M618.0K
7NTRNUTRIEN LTDhistory →COM4.64%$67M897.3K
8CNRCANADIAN NATL RY COhistory →COM4.13%$60M488.6K
9RCI/BROGERS COMMUNICATIONS INChistory →CL B4.13%$60M1.26M
10TECK/BTECK RESOURCES LTDhistory →CL B4.03%$59M2.03M
11SUSUNCOR ENERGY INC NEWhistory →COM3.95%$57M2.29M
12CANADIAN PAC RY LTDCOM3.65%$53M736.9K
13TTELUS CORPORATIONhistory →COM2.93%$43M1.81M
14MGAMAGNA INTL INChistory →COM2.92%$42M524.8K
15ENBENBRIDGE INChistory →COM2.92%$42M1.09M
16CLSEURCELESTICA INChistory →SUB VTG SHS2.90%$42M3.78M
17ABXBARRICK GOLD CORPhistory →COM2.56%$37M1.96M
18MFCMANULIFE FINL CORPhistory →COM2.27%$33M1.73M
19MEOHMETHANEX CORPhistory →COM2.19%$32M802.8K
20NEMNEWMONT CORPhistory →COM1.97%$29M460.9K
21CVECENOVUS ENERGY INChistory →COM1.90%$28M2.25M
22CI FINL CORPCOM1.86%$27M1.29M
23BMOBANK MONTREAL QUEhistory →COM1.72%$25M231.8K
24CRCCANADIAN NAT RES LTDhistory →COM1.45%$21M498.6K
25QSRRESTAURANT BRANDS INTL INChistory →COM1.40%$20M335.2K
26GILGILDAN ACTIVEWEAR INChistory →COM1.38%$20M472.0K
27GIB/ACGI INChistory →CL A SUB VTG1.04%$15M170.5K
28OTXOPEN TEXT CORPhistory →COM0.77%$11M234.5K
29NMI1EURKIRKLAND LAKE GOLD LTDCOM0.58%$8M200.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.4B33May 11, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.5B32Feb 10, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.7B32Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.5B31Aug 7, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.3B37May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.4B37Feb 7, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.4B38Nov 8, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.3B35Aug 8, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.4B33May 9, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.3B32Feb 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.2B32Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.2B31Aug 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.2B29May 9, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.2B31Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.1B29Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.3B28Aug 5, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.5B28May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.5B29Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.4B28Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.4B28Aug 2, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.3B27Apr 30, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.3B29Feb 10, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.1B28Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.1B28Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$991M29May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.4B27Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.3B28Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.5B26Aug 7, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.4B27May 8, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.3B27Feb 12, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.