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Jarislowsky, Fraser Ltd

SEC CIK
0001123778
Latest filing
Oct 21, 2025

Holdings in Q4 2022

Holdings as of Dec 31, 2022, filed Sep 27, 2024. Long positions only; changes compare share counts with Q3 2022.

Institution overview
Positions
206
−1 vs. Q3 2022
Portfolio value
$15.3B
+$868.1M (+6.0%) vs. Q3 2022
Filed
Sep 27, 2024
AmendedSEC
Holdings of Jarislowsky, Fraser Ltd in Q4 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
CNICanadian National Railway CoStock9,486,125$1.13B7.4%−717,158−7.0%ReducedHistory
BNSBank of Nova ScotiaCOM13,775,260$674.5M4.4%−366,722−2.6%ReducedHistory
TRIThomson Reuters CorpCOM NEW5,627,486$641.5M4.2%−688,478−10.9%ReducedHistory
BNBROOKFIELD CorpCL A LTD VT SH19,565,784$614.9M4.0%+19,565,784NewHistory
GIBCgi IncCL A6,888,568$593.4M3.9%−180,076−2.5%ReducedHistory
QSRRestaurant Brands International Inc.COM7,932,261$512.7M3.4%−2,108,776−21.0%ReducedHistory
OTEXOpen Text CorpCOM16,631,315$492.5M3.2%+1,756,914+11.8%AddedHistory
MSFTMicrosoft CorpStock1,964,501$471.1M3.1%+31,552+1.6%AddedHistory
STNStantec IncCOM9,366,193$448.5M2.9%−364,462−3.7%ReducedHistory
MGAMagna International IncCOM7,848,896$440.6M2.9%−284,550−3.5%ReducedHistory
FNVFranco Nevada CorpStock3,186,252$434.0M2.8%+153,994+5.1%AddedHistory
MFCManulife Financial CorpCOM24,028,426$428.3M2.8%−566,353−2.3%ReducedHistory
SHOPShopify Inc.Stock11,859,895$411.5M2.7%−408,109−3.3%ReducedHistory
GILGildan Activewear Inc.Stock13,476,213$368.8M2.4%−407,096−2.9%ReducedHistory
UNHUnitedHealth Group IncStock656,276$347.9M2.3%−7,965−1.2%ReducedHistory
DSGXDescartes Systems Group IncCOM4,693,991$327.0M2.1%−147,507−3.0%ReducedHistory
CAECae IncCOM14,616,083$282.5M1.8%−461,812−3.1%ReducedHistory
TRPTC Energy CorpCOM6,937,712$276.4M1.8%+6,412,929+1,222.0%AddedHistory
MAMastercard IncStock748,769$260.4M1.7%−8,041−1.1%ReducedHistory
ABTAbbott LaboratoriesStock2,277,945$250.1M1.6%−23,580−1.0%ReducedHistory
AMZNAmazon Com IncStock2,776,420$233.2M1.5%+62,584+2.3%AddedHistory
RYRoyal Bank of CanadaStock2,322,198$218.2M1.4%−42,705−1.8%ReducedHistory
FISVFiserv IncStock2,101,500$212.4M1.4%−25,847−1.2%ReducedHistory
BDXBecton Dickinson & CoStock833,439$211.9M1.4%−29,054−3.4%ReducedHistory
PEPPepsiCo IncStock1,080,979$195.3M1.3%−25,469−2.3%ReducedHistory
CIGIColliers International Group Inc.SUB VTG SHS2,105,360$193.3M1.3%−48,002−2.2%ReducedHistory
BSXBoston Scientific CorpStock3,878,540$179.5M1.2%−270,811−6.5%ReducedHistory
GOOGLAlphabet Inc.Stock1,904,058$168.0M1.1%+7,079+0.4%AddedHistory
IBKRInteractive Brokers Group, Inc.Stock2,243,093$162.3M1.1%−194,233−8.0%ReducedHistory
GOOGAlphabet Inc.Stock1,791,762$159.0M1.0%+74,765+4.4%AddedHistory
JPMJPMorgan Chase & CoStock1,181,002$158.4M1.0%−35,018−2.9%ReducedHistory
CPRTCopart IncCOM2,557,624$155.7M1.0%00.0%UnchangedConverted for a 2-for-1 splitHistory
IQVIQVIA Holdings Inc.Stock728,748$149.3M1.0%−7,456−1.0%ReducedHistory
ORCLOracle CorpStock1,762,657$144.1M0.9%+19,163+1.1%AddedHistory
BAMBrookfield Asset Management Ltd.CL A LMT VTG SHS4,901,845$140.3M0.9%+4,901,845NewHistory
TDToronto Dominion BankStock2,084,242$134.9M0.9%−46,015−2.2%ReducedHistory
CBChubb LtdStock609,784$134.5M0.9%−23,908−3.8%ReducedHistory
DEODiageo PLCSPON ADR NEW728,009$129.7M0.8%−10,920−1.5%ReducedHistory
JNJJohnson & JohnsonStock724,477$128.0M0.8%−15,668−2.1%ReducedHistory
ENBEnbridge IncStock2,976,074$116.2M0.8%+14,108+0.5%AddedHistory
PGProcter & Gamble CoStock709,418$107.5M0.7%−5,546−0.8%ReducedHistory
SHWSherwin Williams CoCOM429,100$101.8M0.7%−1630.0%ReducedHistory
HDBHDFC Bank LtdSPONSORED ADS1,472,934$100.8M0.7%−82,453−5.3%ReducedHistory
BKNGBooking Holdings Inc.Stock48,439$97.6M0.6%−571−1.2%ReducedHistory
GWREGuidewire Software, Inc.COM1,542,099$96.5M0.6%+104,918+7.3%AddedHistory
METAMeta Platforms, Inc.Stock800,926$96.4M0.6%−81,567−9.2%ReducedHistory
DHRDanaher CorpStock362,274$96.2M0.6%+66,548+22.5%AddedHistory
VRSKVerisk Analytics, Inc.COM543,698$95.9M0.6%−276,123−33.7%ReducedHistory
TJXTJX Companies IncStock1,158,490$92.2M0.6%−27,775−2.3%ReducedHistory
AMEAmetek IncCOM655,304$91.6M0.6%+10,387+1.6%AddedHistory
BRK.BBerkshire Hathaway IncStock271,062$83.7M0.5%−1,816−0.7%ReducedHistory
OZKBank OZKCOM1,994,226$79.9M0.5%−108,353−5.2%ReducedHistory
MNSTMonster Beverage CorpCOM684,891$69.5M0.5%+15,025+2.2%AddedHistory
MDLZMondelez International, Inc.Stock1,028,529$68.6M0.4%+4,851+0.5%AddedHistory
Abcam PLC000380204ADS4,096,350$63.7M0.4%+3,683,164+891.4%Added–
CLColgate Palmolive CoStock758,492$59.8M0.4%−24,481−3.1%ReducedHistory
LCIILci IndustriesCOM598,721$55.4M0.4%−5,091−0.8%ReducedHistory
AFGAmerican Financial Group IncCOM341,788$46.9M0.3%−21,011−5.8%ReducedHistory
RELXRELX PLCSPONSORED ADR1,390,383$38.5M0.3%−50,124−3.5%ReducedHistory
BERYBerry Global Group, Inc.COM600,455$36.3M0.2%−35,609−5.6%ReducedHistory
COSTCostco Wholesale CorpStock79,065$36.1M0.2%−1,464−1.8%ReducedHistory
AXAxos Financial, Inc.COM890,487$34.0M0.2%+108,508+13.9%AddedHistory
CTSHCognizant Technology Solutions CorpCL A582,229$33.3M0.2%−27,653−4.5%ReducedHistory
Cyberark Software LtdM2682V108SHS256,314$33.2M0.2%−5,257−2.0%Reduced–
NTRNutrien Ltd.COM453,233$33.1M0.2%−46,205−9.3%ReducedHistory
XOMExxonMobil Holdings CorpCOM297,449$32.8M0.2%−2,188−0.7%ReducedHistory
ADPAutomatic Data Processing IncStock127,984$30.6M0.2%−6,195−4.6%ReducedHistory
ULUnilever PLCSPON ADR NEW572,300$28.8M0.2%−290.0%ReducedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR362,451$27.0M0.2%−8,258−2.2%ReducedHistory
BMOBank of MontrealCOM272,247$24.6M0.2%+125,566+85.6%AddedHistory
ABBVAbbVie Inc.Stock150,686$24.4M0.2%−200−0.1%ReducedHistory
CMCSAComcast CorpStock693,821$24.3M0.2%−82,755−10.7%ReducedHistory
PGRProgressive CorpStock183,805$23.8M0.2%−79,381−30.2%ReducedHistory
SPYSPDR S&P 500 ETF TrustETF59,603$22.8M0.1%+13,004+27.9%AddedHistory
LLYEli Lilly & CoStock60,957$22.3M0.1%00.0%UnchangedHistory
ALRMAlarm.com Holdings, Inc.COM450,582$22.3M0.1%−29,696−6.2%ReducedHistory
SAPSAP SEADR206,240$21.3M0.1%−6,714−3.2%ReducedHistory
PFEPfizer IncStock404,073$20.7M0.1%−19,565−4.6%ReducedHistory
TUTelus CorpCOM1,021,408$19.7M0.1%−10,678−1.0%ReducedHistory
SFBSServisFirst Bancshares, Inc.COM284,771$19.6M0.1%−17,474−5.8%ReducedHistory
CACCCredit Acceptance CorpCOM39,009$18.5M0.1%+4,662+13.6%AddedHistory
ZTSZoetis Inc.Stock123,498$18.1M0.1%+85+0.1%AddedHistory
ALCAlcon IncStock262,461$18.0M0.1%−4,354−1.6%ReducedHistory
PBAPembina Pipeline CorpCOM530,255$18.0M0.1%−11,538−2.1%ReducedHistory
ASMLASML Holding NVADR30,065$16.4M0.1%−735−2.4%ReducedHistory
CVXChevron CorpStock89,134$16.0M0.1%−372−0.4%ReducedHistory
SAMBoston Beer Co IncCL A45,185$14.9M0.1%−31,110−40.8%ReducedHistory
MMM3M CoStock109,473$13.1M0.1%−8,639−7.3%ReducedHistory
SLFSun Life Financial IncCOM262,894$12.2M0.1%−3,776−1.4%ReducedHistory
CVSCVS Health CorpStock125,714$11.7M0.1%−5,154−3.9%ReducedHistory
BCEBce IncCOM NEW234,585$10.3M0.1%−9,543−3.9%ReducedHistory
KMBKimberly Clark CorpStock73,487$9.98M0.1%+75+0.1%AddedHistory
NKENIKE, Inc.Stock83,001$9.71M0.1%−3,020−3.5%ReducedHistory
NVONovo Nordisk A SADR71,596$9.69M0.1%−3,250−4.3%ReducedHistory
EMREmerson Electric CoStock96,620$9.28M0.1%−1,050−1.1%ReducedHistory
AAPLApple Inc.Stock67,012$8.71M0.1%−7,631−10.2%ReducedHistory
USBUS Bancorp DECOM NEW192,682$8.40M0.1%−13,665−6.6%ReducedHistory
NVSNovartis AGADR85,334$7.74M0.1%−8,906−9.5%ReducedHistory
KOCoca Cola CoStock118,316$7.53M<0.1%−2,480−2.1%ReducedHistory
WFCWells Fargo & CompanyStock167,647$6.92M<0.1%−3,269−1.9%ReducedHistory

Sold out since Q3 2022 (9)

Positions held at the end of Q3 2022 that are gone from this filing.

Positions of Jarislowsky, Fraser Ltd sold out since Q3 2022
SecurityClassShares in Q3 2022Value in Q3 2022% of portfolio in Q3 2022History
BAMBrookfield Asset Management Ltd.CL A LTD VT SH20,213,486$831.3M5.8%History
WWayfair Inc.CL A292,558$9.52M0.1%History
DRTTFDirtt Environmental Solutions LtdCOM2,552,731$1.10M<0.1%History
Enerplus Corp292766102COM22,050$313.0K<0.1%–
BIDUBaidu, Inc.ADR2,369$278.0K<0.1%History
iShares Core U.S. Aggregate Bond ETF464287226ETF2,330$224.0K<0.1%–
KMXCarMax IncCOM3,190$210.0K<0.1%History
AQNAlgonquin Power & Utilities Corp.COM10,753$118.0K<0.1%History
RTBRTB Digital, Inc.COM NEW18,329$17.0K<0.1%History