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Jarislowsky, Fraser Ltd

SEC CIK
0001123778
Latest filing
Oct 21, 2025

Holdings in Q4 2021

Holdings as of Dec 31, 2021, filed Feb 10, 2022. Long positions only; changes compare share counts with Q3 2021.

Institution overview
Positions
218
−1 vs. Q3 2021
Portfolio value
$21.5B
+$928.4M (+4.5%) vs. Q3 2021
Filed
Feb 10, 2022
SEC
Holdings of Jarislowsky, Fraser Ltd in Q4 2021
SecurityClassSharesValue% of portfolioShare changeActionHistory
CNICanadian National Railway CoStock12,013,131$1.46B6.8%−317,554−2.6%ReducedHistory
BAMBrookfield Asset Management Ltd.CL A LTD VT SH23,457,737$1.40B6.5%−691,659−2.9%ReducedHistory
BNSBank of Nova ScotiaCOM16,957,773$1.19B5.5%−581,852−3.3%ReducedHistory
NTRNutrien Ltd.COM12,209,145$907.8M4.2%−375,812−3.0%ReducedHistory
TRIThomson Reuters CorpCOM NEW7,342,967$868.7M4.0%−614,997−7.7%ReducedHistory
OTEXOpen Text CorpCOM17,133,524$804.5M3.7%−543,561−3.1%ReducedHistory
SHOPShopify Inc.Stock568,890$774.9M3.6%−17,594−3.0%ReducedHistory
MFCManulife Financial CorpCOM39,631,643$747.2M3.5%−1,285,632−3.1%ReducedHistory
GIBCgi IncCL A8,271,149$723.5M3.4%+310,900+3.9%AddedHistory
QSRRestaurant Brands International Inc.COM11,628,565$697.5M3.2%−30,895−0.3%ReducedHistory
GILGildan Activewear Inc.Stock16,500,219$692.0M3.2%−540,052−3.2%ReducedHistory
MSFTMicrosoft CorpStock2,044,367$687.6M3.2%−62,555−3.0%ReducedHistory
MGAMagna International IncCOM8,065,336$645.6M3.0%−230,317−2.8%ReducedHistory
STNStantec IncCOM11,391,174$633.1M2.9%−393,686−3.3%ReducedHistory
DSGXDescartes Systems Group IncCOM4,752,743$388.8M1.8%−36,432−0.8%ReducedHistory
UNHUnitedHealth Group IncStock749,503$376.4M1.8%−8,948−1.2%ReducedHistory
FNVFranco Nevada CorpStock2,640,500$361.2M1.7%−36,048−1.3%ReducedHistory
CAECae IncCOM14,178,167$353.8M1.6%−573,038−3.9%ReducedHistory
AMZNAmazon Com IncStock97,466$325.0M1.5%+3,792+4.0%AddedHistory
ABTAbbott LaboratoriesStock2,251,083$316.8M1.5%−20,723−0.9%ReducedHistory
GOOGLAlphabet Inc.Stock103,985$301.2M1.4%−669−0.6%ReducedHistory
MAMastercard IncStock789,580$283.7M1.3%+16,598+2.1%AddedHistory
RYRoyal Bank of CanadaStock2,450,267$257.2M1.2%−57,965−2.3%ReducedHistory
GOOGAlphabet Inc.Stock88,674$256.6M1.2%−5,823−6.2%ReducedHistory
METAMeta Platforms, Inc.Stock744,720$250.5M1.2%−24,067−3.1%ReducedHistory
PEPPepsiCo IncStock1,437,523$249.7M1.2%−14,363−1.0%ReducedHistory
BDXBecton Dickinson & CoStock959,440$241.3M1.1%+3,333+0.3%AddedHistory
FISVFiserv IncStock2,230,506$231.5M1.1%−9,243−0.4%ReducedHistory
VRSKVerisk Analytics, Inc.COM1,007,950$230.5M1.1%−13,551−1.3%ReducedHistory
JPMJPMorgan Chase & CoStock1,410,147$223.3M1.0%−39,499−2.7%ReducedHistory
IQVIQVIA Holdings Inc.Stock774,787$218.6M1.0%−5,187−0.7%ReducedHistory
CPRTCopart IncCOM1,344,289$203.8M0.9%−75,356−5.3%ReducedHistory
BSXBoston Scientific CorpStock4,433,274$188.3M0.9%+8,742+0.2%AddedHistory
TDToronto Dominion BankStock2,388,205$181.1M0.8%−67,882−2.8%ReducedHistory
IBKRInteractive Brokers Group, Inc.Stock2,217,166$176.1M0.8%+24,423+1.1%AddedHistory
ORCLOracle CorpStock1,982,370$172.9M0.8%−280,651−12.4%ReducedHistory
DEODiageo PLCSPON ADR NEW781,272$172.0M0.8%−16,349−2.0%ReducedHistory
CBChubb LtdStock854,771$165.2M0.8%+15,768+1.9%AddedHistory
SHWSherwin Williams CoCOM427,665$150.6M0.7%+6,992+1.7%AddedHistory
JNJJohnson & JohnsonStock807,615$138.2M0.6%−37,285−4.4%ReducedHistory
BKNGBooking Holdings Inc.Stock53,677$128.8M0.6%−447−0.8%ReducedHistory
PGProcter & Gamble CoStock773,138$126.5M0.6%−47,436−5.8%ReducedHistory
GWREGuidewire Software, Inc.COM1,034,056$117.4M0.5%+50,061+5.1%AddedHistory
ENBEnbridge IncStock2,822,279$109.1M0.5%−344,089−10.9%ReducedHistory
LCIILci IndustriesCOM617,535$96.3M0.4%+72,043+13.2%AddedHistory
OZKBank OZKCOM2,019,542$94.0M0.4%−26,643−1.3%ReducedHistory
TJXTJX Companies IncStock1,218,819$92.5M0.4%−7,250−0.6%ReducedHistory
AMEAmetek IncCOM612,032$90.0M0.4%+98,468+19.2%AddedHistory
BRK.BBerkshire Hathaway IncStock298,303$89.2M0.4%−19,710−6.2%ReducedHistory
HDBHDFC Bank LtdSPONSORED ADS1,309,253$85.2M0.4%+6,919+0.5%AddedHistory
CLColgate Palmolive CoStock859,910$73.4M0.3%−46,229−5.1%ReducedHistory
AFGAmerican Financial Group IncCOM526,014$72.2M0.3%−16,835−3.1%ReducedHistory
MDLZMondelez International, Inc.Stock1,059,183$70.2M0.3%−28,831−2.6%ReducedHistory
MNSTMonster Beverage CorpCOM714,450$68.6M0.3%+70,082+10.9%AddedHistory
CTSHCognizant Technology Solutions CorpCL A744,124$66.0M0.3%−5,699−0.8%ReducedHistory
CMCSAComcast CorpStock1,098,292$55.3M0.3%−129,054−10.5%ReducedHistory
BERYBerry Global Group, Inc.COM700,842$51.7M0.2%−21,900−3.0%ReducedHistory
SFBSServisFirst Bancshares, Inc.COM602,305$51.2M0.2%−19,490−3.1%ReducedHistory
COSTCostco Wholesale CorpStock89,849$51.0M0.2%−7,600−7.8%ReducedHistory
BAXBaxter International IncStock593,274$50.9M0.2%+4,661+0.8%AddedHistory
RELXRELX PLCSPONSORED ADR1,466,681$47.8M0.2%−48,619−3.2%ReducedHistory
HLTHilton Worldwide Holdings Inc.COM292,354$45.6M0.2%+3,838+1.3%AddedHistory
Cyberark Software LtdM2682V108SHS259,069$44.9M0.2%−5,360−2.0%Reduced–
ALRMAlarm.com Holdings, Inc.COM505,076$42.8M0.2%+505,076NewHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR341,129$41.0M0.2%+5,673+1.7%AddedHistory
CIGIColliers International Group Inc.SUB VTG SHS270,736$39.9M0.2%+116,551+75.6%AddedHistory
PGRProgressive CorpStock370,378$38.0M0.2%−3,841−1.0%ReducedHistory
SAPSAP SEADR257,640$36.1M0.2%−6,492−2.5%ReducedHistory
ADPAutomatic Data Processing IncStock141,196$34.8M0.2%−7,765−5.2%ReducedHistory
CACCCredit Acceptance CorpCOM49,920$34.3M0.2%−27,396−35.4%ReducedHistory
ULUnilever PLCSPON ADR NEW580,616$31.2M0.1%−79,695−12.1%ReducedHistory
PFEPfizer IncStock525,661$31.0M0.1%−50,365−8.7%ReducedHistory
ZTSZoetis Inc.Stock116,615$28.5M0.1%−3,132−2.6%ReducedHistory
TRPTC Energy CorpCOM605,126$27.8M0.1%−38,580−6.0%ReducedHistory
MMM3M CoStock142,534$25.3M0.1%−19,804−12.2%ReducedHistory
ASMLASML Holding NVADR31,650$25.2M0.1%+291+0.9%AddedHistory
WWayfair Inc.CL A127,042$24.1M0.1%+127,042NewHistory
XOMExxonMobil Holdings CorpCOM373,452$22.9M0.1%−70,948−16.0%ReducedHistory
SPYSPDR S&P 500 ETF TrustETF47,454$22.5M0.1%−170−0.4%ReducedHistory
ALCAlcon IncStock242,022$21.1M0.1%+9,629+4.1%AddedHistory
ABBVAbbVie Inc.Stock155,086$21.0M0.1%−26,290−14.5%ReducedHistory
PBAPembina Pipeline CorpCOM668,820$20.1M0.1%−99,043−12.9%ReducedHistory
NVSNovartis AGADR216,906$19.0M0.1%−57,630−21.0%ReducedHistory
NKENIKE, Inc.Stock107,162$17.9M0.1%−2,785−2.5%ReducedHistory
LLYEli Lilly & CoStock62,963$17.4M0.1%−9,403−13.0%ReducedHistory
USBUS Bancorp DECOM NEW306,314$17.2M0.1%−58,186−16.0%ReducedHistory
BMOBank of MontrealCOM145,954$15.5M0.1%−1,216−0.8%ReducedHistory
SLFSun Life Financial IncCOM277,695$15.3M0.1%+2,662+1.0%AddedHistory
CVSCVS Health CorpStock137,544$14.2M0.1%−33,870−19.8%ReducedHistory
AAPLApple Inc.Stock75,230$13.4M0.1%−18,693−19.9%ReducedHistory
CVXChevron CorpStock109,156$12.8M0.1%−25,127−18.7%ReducedHistory
BCEBce IncCOM NEW246,749$12.7M0.1%−9,633−3.8%ReducedHistory
KMBKimberly Clark CorpStock87,065$12.4M0.1%−7,950−8.4%ReducedHistory
TUTelus CorpCOM490,666$11.4M0.1%−4,863−1.0%ReducedHistory
EMREmerson Electric CoStock107,980$10.0M<0.1%−1,395−1.3%ReducedHistory
WFCWells Fargo & CompanyStock205,199$9.85M<0.1%−16,089−7.3%ReducedHistory
EOGEOG Resources IncStock109,128$9.69M<0.1%−57,277−34.4%ReducedHistory
NVONovo Nordisk A SADR84,456$9.46M<0.1%−1,950−2.3%ReducedHistory
YUMCYum China Holdings, Inc.COM181,245$9.03M<0.1%+13,140+7.8%AddedHistory
IFFInternational Flavors & Fragrances IncCOM56,569$8.52M<0.1%−6,643−10.5%ReducedHistory

Sold out since Q3 2021 (15)

Positions held at the end of Q3 2021 that are gone from this filing.

Positions of Jarislowsky, Fraser Ltd sold out since Q3 2021
SecurityClassShares in Q3 2021Value in Q3 2021% of portfolio in Q3 2021History
GSGoldman Sachs Group IncStock5,000$1.89M<0.1%History
PYPLPayPal Holdings, Inc.Stock5,004$1.30M<0.1%History
ROSTRoss Stores, Inc.COM9,524$1.04M<0.1%History
TGTTarget CorpStock4,140$947.0K<0.1%History
INTCIntel CorpStock17,525$933.0K<0.1%History
FDXFedEx CorpStock4,100$899.0K<0.1%History
KHCKraft Heinz CoStock15,216$560.0K<0.1%History
TAT&T Inc.Stock17,273$466.0K<0.1%History
MSMorgan StanleyStock3,700$360.0K<0.1%History
KKellanovaStock5,000$319.0K<0.1%History
OGNOrganon & Co.Stock9,093$298.0K<0.1%History
iShares Iboxx $ Investment Grade Corporate Bond ETF464287242ETF–$285.0K<0.1%–
BTIBritish American Tobacco p.l.c.SPONSORED ADR8,000$282.0K<0.1%History
TMToyota Motor CorpADS1,474$262.0K<0.1%History
CVECenovus Energy Inc.COM14,065$141.0K<0.1%History