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Jarislowsky, Fraser Ltd

SEC CIK
0001123778
Latest filing
Oct 21, 2025

Holdings in Q3 2021

Holdings as of Sep 30, 2021, filed Nov 12, 2021. Long positions only; changes compare share counts with Q2 2021.

Institution overview
Positions
219
−9 vs. Q2 2021
Portfolio value
$20.5B
−$832.3M (−3.9%) vs. Q2 2021
Filed
Nov 12, 2021
SEC
Holdings of Jarislowsky, Fraser Ltd in Q3 2021
SecurityClassSharesValue% of portfolioShare changeActionHistory
CNICanadian National Railway CoStock12,330,685$1.43B7.0%+169,114+1.4%AddedHistory
BAMBrookfield Asset Management Ltd.CL A LTD VT SH24,149,396$1.29B6.3%−307,235−1.3%ReducedHistory
BNSBank of Nova ScotiaCOM17,539,625$1.08B5.3%+1,591,635+10.0%AddedHistory
TRIThomson Reuters CorpCOM NEW7,957,964$879.7M4.3%−236,736−2.9%ReducedHistory
OTEXOpen Text CorpCOM17,677,085$862.6M4.2%−263,056−1.5%ReducedHistory
NTRNutrien Ltd.COM12,584,957$816.7M4.0%−236,068−1.8%ReducedHistory
SHOPShopify Inc.Stock586,484$795.9M3.9%−7,656−1.3%ReducedHistory
MFCManulife Financial CorpCOM40,917,275$787.4M3.8%−755,922−1.8%ReducedHistory
QSRRestaurant Brands International Inc.COM11,659,460$714.2M3.5%+2,043,171+21.2%AddedHistory
GIBCgi IncCL A7,960,249$676.0M3.3%−122,317−1.5%ReducedHistory
MGAMagna International IncCOM8,295,653$624.2M3.0%−83,099−1.0%ReducedHistory
GILGildan Activewear Inc.Stock17,040,271$622.5M3.0%−279,477−1.6%ReducedHistory
MSFTMicrosoft CorpStock2,106,922$594.0M2.9%−67,811−3.1%ReducedHistory
STNStantec IncCOM11,784,860$553.5M2.7%−378,431−3.1%ReducedHistory
CAECae IncCOM14,751,205$440.6M2.1%−422,039−2.8%ReducedHistory
DSGXDescartes Systems Group IncCOM4,789,175$389.8M1.9%+16,474+0.3%AddedHistory
FNVFranco Nevada CorpStock2,676,548$347.7M1.7%−27,299−1.0%ReducedHistory
AMZNAmazon Com IncStock93,674$307.7M1.5%+1,687+1.8%AddedHistory
UNHUnitedHealth Group IncStock758,451$296.4M1.4%−12,961−1.7%ReducedHistory
GOOGLAlphabet Inc.Stock104,654$279.8M1.4%−2,805−2.6%ReducedHistory
MAMastercard IncStock772,982$268.8M1.3%+84,236+12.2%AddedHistory
ABTAbbott LaboratoriesStock2,271,806$268.4M1.3%−24,981−1.1%ReducedHistory
METAMeta Platforms, Inc.Stock768,787$260.9M1.3%−33,183−4.1%ReducedHistory
GOOGAlphabet Inc.Stock94,497$251.9M1.2%−1,083−1.1%ReducedHistory
RYRoyal Bank of CanadaStock2,508,232$249.5M1.2%+115,438+4.8%AddedHistory
FISVFiserv IncStock2,239,749$243.0M1.2%+131,624+6.2%AddedHistory
JPMJPMorgan Chase & CoStock1,449,646$237.3M1.2%−173,422−10.7%ReducedHistory
BDXBecton Dickinson & CoStock956,107$235.0M1.1%−9,355−1.0%ReducedHistory
PEPPepsiCo IncStock1,451,886$218.4M1.1%−4,373−0.3%ReducedHistory
VRSKVerisk Analytics, Inc.COM1,021,501$204.6M1.0%−24,665−2.4%ReducedHistory
ORCLOracle CorpStock2,263,021$197.2M1.0%−285,885−11.2%ReducedHistory
CPRTCopart IncCOM1,419,645$196.9M1.0%−33,225−2.3%ReducedHistory
BSXBoston Scientific CorpStock4,424,532$192.0M0.9%−79,147−1.8%ReducedHistory
IQVIQVIA Holdings Inc.Stock779,974$186.8M0.9%−12,636−1.6%ReducedHistory
TDToronto Dominion BankStock2,456,087$162.6M0.8%−6,163,456−71.5%ReducedHistory
DEODiageo PLCSPON ADR NEW797,621$153.9M0.7%+17,218+2.2%AddedHistory
CBChubb LtdStock839,003$145.6M0.7%+40,430+5.1%AddedHistory
IBKRInteractive Brokers Group, Inc.Stock2,192,743$136.7M0.7%+445,888+25.5%AddedHistory
JNJJohnson & JohnsonStock844,900$136.5M0.7%−34,038−3.9%ReducedHistory
BKNGBooking Holdings Inc.Stock54,124$128.5M0.6%+1,211+2.3%AddedHistory
ENBEnbridge IncStock3,166,368$126.1M0.6%−9,587,828−75.2%ReducedHistory
SHWSherwin Williams CoCOM420,673$117.7M0.6%+24,400+6.2%AddedHistory
GWREGuidewire Software, Inc.COM983,995$117.0M0.6%+111,548+12.8%AddedHistory
PGProcter & Gamble CoStock820,574$114.7M0.6%−28,623−3.4%ReducedHistory
HDBHDFC Bank LtdSPONSORED ADS1,302,334$95.2M0.5%+156,874+13.7%AddedHistory
OZKBank OZKCOM2,046,185$87.9M0.4%−52,927−2.5%ReducedHistory
BRK.BBerkshire Hathaway IncStock318,013$86.8M0.4%−123,562−28.0%ReducedHistory
TJXTJX Companies IncStock1,226,069$80.9M0.4%−109,716−8.2%ReducedHistory
LCIILci IndustriesCOM545,492$73.4M0.4%+25,408+4.9%AddedHistory
CMCSAComcast CorpStock1,227,346$68.6M0.3%−179,185−12.7%ReducedHistory
CLColgate Palmolive CoStock906,139$68.5M0.3%−47,272−5.0%ReducedHistory
AFGAmerican Financial Group IncCOM542,849$68.3M0.3%−55,624−9.3%ReducedHistory
AMEAmetek IncCOM513,564$63.7M0.3%+510,553+16,956.3%AddedHistory
MDLZMondelez International, Inc.Stock1,088,014$63.3M0.3%−77,961−6.7%ReducedHistory
MNSTMonster Beverage CorpCOM644,368$57.2M0.3%+95,145+17.3%AddedHistory
CTSHCognizant Technology Solutions CorpCL A749,823$55.6M0.3%−86,249−10.3%ReducedHistory
SFBSServisFirst Bancshares, Inc.COM621,795$48.4M0.2%−68,510−9.9%ReducedHistory
BAXBaxter International IncStock588,613$47.3M0.2%−51,667−8.1%ReducedHistory
CACCCredit Acceptance CorpCOM77,316$45.3M0.2%−44,322−36.4%ReducedHistory
BERYBerry Global Group, Inc.COM722,742$44.0M0.2%−76,127−9.5%ReducedHistory
COSTCostco Wholesale CorpStock97,449$43.8M0.2%−5,815−5.6%ReducedHistory
RELXRELX PLCSPONSORED ADR1,515,300$43.7M0.2%−74,806−4.7%ReducedHistory
Cyberark Software LtdM2682V108SHS264,429$41.7M0.2%−9,890−3.6%Reduced–
HLTHilton Worldwide Holdings Inc.COM288,516$38.1M0.2%+31,603+12.3%AddedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR335,456$37.5M0.2%+19,181+6.1%AddedHistory
ULUnilever PLCSPON ADR NEW660,311$35.8M0.2%−154,110−18.9%ReducedHistory
SAPSAP SEADR264,132$35.7M0.2%−23,232−8.1%ReducedHistory
PGRProgressive CorpStock374,219$33.8M0.2%+59,470+18.9%AddedHistory
TRPTC Energy CorpCOM643,706$31.0M0.2%−40,702−5.9%ReducedHistory
ADPAutomatic Data Processing IncStock148,961$29.8M0.1%−3,470−2.3%ReducedHistory
MMM3M CoStock162,338$28.5M0.1%−17,643−9.8%ReducedHistory
XOMExxonMobil Holdings CorpCOM444,400$26.1M0.1%−17,950−3.9%ReducedHistory
PFEPfizer IncStock576,026$24.8M0.1%−18,090−3.0%ReducedHistory
PBAPembina Pipeline CorpCOM767,863$24.3M0.1%−103,190−11.8%ReducedHistory
ASMLASML Holding NVADR31,359$23.4M0.1%+5,255+20.1%AddedHistory
ZTSZoetis Inc.Stock119,747$23.2M0.1%−1,240−1.0%ReducedHistory
NVSNovartis AGADR274,536$22.5M0.1%−40,386−12.8%ReducedHistory
USBUS Bancorp DECOM NEW364,500$21.7M0.1%−65,417−15.2%ReducedHistory
SPYSPDR S&P 500 ETF TrustETF47,624$20.4M0.1%−80−0.2%ReducedHistory
CIGIColliers International Group Inc.SUB VTG SHS154,185$19.7M0.1%00.0%UnchangedHistory
ABBVAbbVie Inc.Stock181,376$19.6M0.1%−2,850−1.5%ReducedHistory
TYLTyler Technologies IncCOM42,274$19.4M0.1%−1,349−3.1%ReducedHistory
ALCAlcon IncStock232,393$18.7M0.1%+15,300+7.0%AddedHistory
LLYEli Lilly & CoStock72,366$16.7M0.1%−1,525−2.1%ReducedHistory
NKENIKE, Inc.Stock109,947$16.0M0.1%−3,225−2.8%ReducedHistory
BMOBank of MontrealCOM147,170$14.7M0.1%+3,720+2.6%AddedHistory
CVSCVS Health CorpStock171,414$14.5M0.1%−7,350−4.1%ReducedHistory
SLFSun Life Financial IncCOM275,033$14.2M0.1%+25,637+10.3%AddedHistory
CVXChevron CorpStock134,283$13.6M0.1%−14,619−9.8%ReducedHistory
EOGEOG Resources IncStock166,405$13.4M0.1%−56,905−25.5%ReducedHistory
AAPLApple Inc.Stock93,923$13.3M0.1%+3,592+4.0%AddedHistory
BCEBce IncCOM NEW256,382$12.8M0.1%−10,457−3.9%ReducedHistory
KMBKimberly Clark CorpStock95,015$12.6M0.1%−1,970−2.0%ReducedHistory
ZBHZimmer Biomet Holdings, Inc.Stock79,890$11.7M0.1%−2,605−3.2%ReducedHistory
BABAAlibaba Group Holding LtdADR76,108$11.3M0.1%−411,200−84.4%ReducedHistory
TUTelus CorpCOM495,529$10.9M0.1%−2,804−0.6%ReducedHistory
EMREmerson Electric CoStock109,375$10.3M0.1%−15,989−12.8%ReducedHistory
WFCWells Fargo & CompanyStock221,288$10.3M<0.1%−14,125−6.0%ReducedHistory
YUMCYum China Holdings, Inc.COM168,105$9.77M<0.1%+20,235+13.7%AddedHistory
IFFInternational Flavors & Fragrances IncCOM63,212$8.45M<0.1%−625−1.0%ReducedHistory

Sold out since Q2 2021 (11)

Positions held at the end of Q2 2021 that are gone from this filing.

Positions of Jarislowsky, Fraser Ltd sold out since Q2 2021
SecurityClassShares in Q2 2021Value in Q2 2021% of portfolio in Q2 2021History
EDUNew Oriental Education & Technology Group Inc.SPON ADR500,640$4.10M<0.1%History
BEPBrookfield Renewable Partners L.P.PARTNERSHIP UNIT26,009$1.01M<0.1%History
EXPDExpeditors International of Washington IncCOM2,661$336.0K<0.1%History
DDDuPont de Nemours, Inc.COM4,312$333.0K<0.1%History
AOSSmith A O CorpCOM4,200$302.0K<0.1%History
VLOValero Energy CorpStock3,766$294.0K<0.1%History
WRBBerkley W R CorpCOM3,271$243.0K<0.1%History
BHPBHP Group LtdADR3,323$242.0K<0.1%History
NSCNorfolk Southern CorpStock800$212.0K<0.1%History
SONYSony Group CorpSPONSORED ADR2,116$205.0K<0.1%History
GEGeneral Electric CoCOM10,606$142.0K<0.1%History