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Jarislowsky, Fraser Ltd

SEC CIK
0001123778
Latest filing
Oct 21, 2025

Holdings in Q2 2022

Holdings as of Jun 30, 2022, filed Jul 27, 2022. Long positions only; changes compare share counts with Q1 2022.

Institution overview
Positions
205
−3 vs. Q1 2022
Portfolio value
$15.7B
−$3.04B (−16.2%) vs. Q1 2022
Filed
Jul 27, 2022
SEC
Holdings of Jarislowsky, Fraser Ltd in Q2 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
CNICanadian National Railway CoStock10,488,573$1.18B7.5%−168,058−1.6%ReducedHistory
BAMBrookfield Asset Management Ltd.CL A LTD VT SH20,654,250$916.8M5.8%−222,022−1.1%ReducedHistory
BNSBank of Nova ScotiaCOM14,487,111$855.6M5.4%−131,427−0.9%ReducedHistory
TRIThomson Reuters CorpCOM NEW6,480,973$674.2M4.3%−115,508−1.8%ReducedHistory
GIBCgi IncCL A7,249,277$576.3M3.7%−108,257−1.5%ReducedHistory
OTEXOpen Text CorpCOM15,137,823$571.4M3.6%−171,254−1.1%ReducedHistory
QSRRestaurant Brands International Inc.COM10,273,279$514.2M3.3%−87,430−0.8%ReducedHistory
MSFTMicrosoft CorpStock1,939,293$498.1M3.2%−62,548−3.1%ReducedHistory
MGAMagna International IncCOM8,310,223$455.3M2.9%+1,115,435+15.5%AddedHistory
MFCManulife Financial CorpCOM25,259,135$437.1M2.8%−853,510−3.3%ReducedHistory
STNStantec IncCOM9,941,486$434.6M2.8%−126,258−1.3%ReducedHistory
GILGildan Activewear Inc.Stock14,181,837$407.3M2.6%−178,714−1.2%ReducedHistory
SHOPShopify Inc.Stock12,517,695$390.3M2.5%+11,371,541+992.1%AddedHistory
FNVFranco Nevada CorpStock2,883,770$378.5M2.4%−24,781−0.9%ReducedHistory
UNHUnitedHealth Group IncStock674,377$346.4M2.2%−71,557−9.6%ReducedHistory
DSGXDescartes Systems Group IncCOM4,871,988$302.1M1.9%+166,619+3.5%AddedHistory
CAECae IncCOM12,115,956$297.9M1.9%−227,077−1.8%ReducedHistory
AMZNAmazon Com IncStock2,675,442$284.2M1.8%+2,568,114+2,392.8%AddedHistory
ABTAbbott LaboratoriesStock2,306,955$250.7M1.6%−46,122−2.0%ReducedHistory
MAMastercard IncStock755,169$238.2M1.5%−27,386−3.5%ReducedHistory
CIGIColliers International Group Inc.SUB VTG SHS2,166,795$236.9M1.5%+286,858+15.3%AddedHistory
RYRoyal Bank of CanadaStock2,382,166$230.2M1.5%−41,154−1.7%ReducedHistory
BDXBecton Dickinson & CoStock864,815$213.2M1.4%−67,633−7.3%ReducedHistory
GOOGLAlphabet Inc.Stock94,891$206.8M1.3%−4,403−4.4%ReducedHistory
FISVFiserv IncStock2,127,139$189.3M1.2%−86,603−3.9%ReducedHistory
GOOGAlphabet Inc.Stock86,281$188.7M1.2%−1,152−1.3%ReducedHistory
PEPPepsiCo IncStock1,101,011$183.5M1.2%−38,117−3.3%ReducedHistory
RBARB Global Inc.COM2,680,267$174.0M1.1%+579,763+27.6%AddedHistory
IQVIQVIA Holdings Inc.Stock737,859$160.1M1.0%−25,352−3.3%ReducedHistory
BSXBoston Scientific CorpStock4,148,428$154.6M1.0%−229,772−5.2%ReducedHistory
VRSKVerisk Analytics, Inc.COM834,240$144.4M0.9%−103,811−11.1%ReducedHistory
TDToronto Dominion BankStock2,179,168$142.6M0.9%−39,661−1.8%ReducedHistory
METAMeta Platforms, Inc.Stock877,330$141.5M0.9%+8,783+1.0%AddedHistory
CPRTCopart IncCOM1,283,896$139.5M0.9%−46,723−3.5%ReducedHistory
JPMJPMorgan Chase & CoStock1,221,246$137.5M0.9%−13,825−1.1%ReducedHistory
JNJJohnson & JohnsonStock753,777$133.8M0.9%−24,670−3.2%ReducedHistory
IBKRInteractive Brokers Group, Inc.Stock2,410,199$132.6M0.8%+64,516+2.8%AddedHistory
CBChubb LtdStock659,045$129.6M0.8%−95,391−12.6%ReducedHistory
DEODiageo PLCSPON ADR NEW743,283$129.4M0.8%−9,619−1.3%ReducedHistory
ENBEnbridge IncStock3,027,373$127.6M0.8%+428,148+16.5%AddedHistory
ORCLOracle CorpStock1,746,844$122.1M0.8%−64,723−3.6%ReducedHistory
PGProcter & Gamble CoStock714,059$102.7M0.7%−30,968−4.2%ReducedHistory
GWREGuidewire Software, Inc.COM1,420,881$100.9M0.6%+44,434+3.2%AddedHistory
SHWSherwin Williams CoCOM429,017$96.1M0.6%−8,303−1.9%ReducedHistory
BKNGBooking Holdings Inc.Stock49,613$86.8M0.6%−1,511−3.0%ReducedHistory
HDBHDFC Bank LtdSPONSORED ADS1,561,022$85.8M0.5%+213,505+15.8%AddedHistory
BRK.BBerkshire Hathaway IncStock275,309$75.2M0.5%−4,859−1.7%ReducedHistory
DHRDanaher CorpStock288,254$73.1M0.5%−5,959−2.0%ReducedHistory
OZKBank OZKCOM1,881,349$70.6M0.4%−112,546−5.6%ReducedHistory
NTRNutrien Ltd.COM876,294$69.6M0.4%−146,741−14.3%ReducedHistory
AMEAmetek IncCOM632,119$69.5M0.4%−12,080−1.9%ReducedHistory
LCIILci IndustriesCOM599,950$67.1M0.4%−13,010−2.1%ReducedHistory
TJXTJX Companies IncStock1,151,465$64.3M0.4%−57,968−4.8%ReducedHistory
CLColgate Palmolive CoStock801,849$64.3M0.4%−22,065−2.7%ReducedHistory
MNSTMonster Beverage CorpCOM667,526$61.9M0.4%−39,217−5.5%ReducedHistory
MDLZMondelez International, Inc.Stock984,240$61.1M0.4%−59,608−5.7%ReducedHistory
AFGAmerican Financial Group IncCOM356,988$49.6M0.3%−102,284−22.3%ReducedHistory
CTSHCognizant Technology Solutions CorpCL A599,286$40.4M0.3%−43,633−6.8%ReducedHistory
COSTCostco Wholesale CorpStock83,659$40.1M0.3%−3,620−4.1%ReducedHistory
RELXRELX PLCSPONSORED ADR1,436,847$38.7M0.2%−35,177−2.4%ReducedHistory
PGRProgressive CorpStock327,095$38.0M0.2%−38,013−10.4%ReducedHistory
Berry Global Group Inc08579W103COM619,777$33.9M0.2%−67,237−9.8%Reduced–
Cyberark Software LtdM2682V108SHS259,591$33.2M0.2%+5,719+2.3%Added–
CMCSAComcast CorpStock838,543$32.9M0.2%−94,741−10.2%ReducedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR378,159$30.9M0.2%+901+0.2%AddedHistory
ADPAutomatic Data Processing IncStock138,551$29.1M0.2%−1,295−0.9%ReducedHistory
ALRMAlarm.com Holdings, Inc.COM468,980$29.0M0.2%−46,773−9.1%ReducedHistory
TRPTC Energy CorpCOM531,385$27.5M0.2%−41,498−7.2%ReducedHistory
XOMExxonMobil Holdings CorpCOM312,674$26.8M0.2%−10,234−3.2%ReducedHistory
ULUnilever PLCSPON ADR NEW575,654$26.4M0.2%+23,636+4.3%AddedHistory
PFEPfizer IncStock482,390$25.3M0.2%−21,102−4.2%ReducedHistory
SFBSServisFirst Bancshares, Inc.COM296,186$23.4M0.1%−117,957−28.5%ReducedHistory
ABBVAbbVie Inc.Stock151,586$23.2M0.1%−675−0.4%ReducedHistory
SAMBoston Beer Co IncCL A74,519$22.6M0.1%+923+1.3%AddedHistory
AXAxos Financial, Inc.COM611,631$21.9M0.1%+611,631NewHistory
ZTSZoetis Inc.Stock125,080$21.5M0.1%+24,700+24.6%AddedHistory
SAPSAP SEADR222,164$20.2M0.1%−11,123−4.8%ReducedHistory
LLYEli Lilly & CoStock61,216$19.8M0.1%−747−1.2%ReducedHistory
PBAPembina Pipeline CorpCOM549,272$19.4M0.1%−44,934−7.6%ReducedHistory
ALCAlcon IncStock257,571$18.0M0.1%+2,782+1.1%AddedHistory
SPYSPDR S&P 500 ETF TrustETF46,624$17.6M0.1%−714−1.5%ReducedHistory
MMM3M CoStock124,079$16.1M0.1%−4,340−3.4%ReducedHistory
CACCCredit Acceptance CorpCOM33,833$16.0M0.1%−15,126−30.9%ReducedHistory
ASMLASML Holding NVADR30,918$14.7M0.1%+361+1.2%AddedHistory
BMOBank of MontrealCOM145,562$14.0M0.1%+1,159+0.8%AddedHistory
TUTelus CorpCOM620,069$13.8M0.1%+132,387+27.1%AddedHistory
CVXChevron CorpStock92,546$13.4M0.1%−2,659−2.8%ReducedHistory
WWayfair Inc.CL A286,354$12.5M0.1%+1,618+0.6%AddedHistory
SLFSun Life Financial IncCOM270,716$12.4M0.1%−7,007−2.5%ReducedHistory
CVSCVS Health CorpStock132,719$12.3M0.1%−1,700−1.3%ReducedHistory
BCEBce IncCOM NEW243,683$12.0M0.1%+2,851+1.2%AddedHistory
USBUS Bancorp DECOM NEW229,053$10.5M0.1%−20,032−8.0%ReducedHistory
KMBKimberly Clark CorpStock75,965$10.3M0.1%−1,100−1.4%ReducedHistory
AAPLApple Inc.Stock74,862$10.2M0.1%−861−1.1%ReducedHistory
YUMCYum China Holdings, Inc.COM203,316$9.86M0.1%+600+0.3%AddedHistory
NKENIKE, Inc.Stock92,426$9.45M0.1%−7,450−7.5%ReducedHistory
NVSNovartis AGADR106,802$9.03M0.1%−23,803−18.2%ReducedHistory
NVONovo Nordisk A SADR78,406$8.74M0.1%−3,375−4.1%ReducedHistory
EMREmerson Electric CoStock98,340$7.82M<0.1%−7,965−7.5%ReducedHistory
WFCWells Fargo & CompanyStock196,566$7.70M<0.1%−5,980−3.0%ReducedHistory

Sold out since Q1 2022 (8)

Positions held at the end of Q1 2022 that are gone from this filing.

Positions of Jarislowsky, Fraser Ltd sold out since Q1 2022
SecurityClassShares in Q1 2022Value in Q1 2022% of portfolio in Q1 2022History
iShares Broad Usd Investment Grade Corporate Bond ETF464288620ETF–$632.0K<0.1%–
AMCRAmcor plcORD50,870$576.0K<0.1%History
CVECenovus Energy Inc.COM31,799$530.0K<0.1%History
Brookfield Asset Mgmt ReinsG16169107CL A EXCH LT VTG5,222$298.0K<0.1%–
EXPEExpedia Group, Inc.Stock1,295$253.0K<0.1%History
NSCNorfolk Southern CorpStock800$228.0K<0.1%History
Vanguard Intermediate-Term Corporate Bond ETF92206C870ETF–$216.0K<0.1%–
WYWeyerhaeuser CoCOM NEW5,500$208.0K<0.1%History