Jarislowsky, Fraser Ltd
- SEC CIK
- 0001123778
- Latest filing
- Oct 21, 2025
Holdings changes from Q3 2022 to Q4 2022
Long positions only; new, added, reduced and sold out are based on share counts. Pick any two quarters this institution filed.
- New
- 8
- Est. +$764.5M
- Added
- 31
- Est. +$459.2M
- Reduced
- 140
- Est. −$792.5M
- Sold out
- 9
- Est. −$843.1M
Portfolio value went from $14.4B to $15.3B (+$868.1M (+6.0%)); positions from 207 to 206 (−1).
All Q4 2022 holdingsAll Q3 2022 holdings
In the shares, value and % of portfolio columns, the top figure is Q4 2022 and the gray one below is Q3 2022. For stocks that split between the two quarters, Q3 2022 shares are converted at the split ratio before comparing.
| Security | Action | Shares | Share change | Value | Est. bought or sold | % of portfolio | Weight change (pp) |
|---|---|---|---|---|---|---|---|
| CNICanadian National Railway Co | ReducedHistory | 9,486,12510,203,283 | −717,158−7.0% | $1.13B$1.11B | −$85.1M | 7.4%7.7% | −0.32 |
| BNSBank of Nova Scotia | ReducedHistory | 13,775,26014,141,982 | −366,722−2.6% | $674.5M$676.2M | −$18.0M | 4.4%4.7% | −0.28 |
| TRIThomson Reuters Corp | ReducedHistory | 5,627,4866,315,964 | −688,478−10.9% | $641.5M$651.8M | −$78.5M | 4.2%4.5% | −0.32 |
| BNBROOKFIELD Corp | NewHistory | 19,565,7840 | +19,565,784 | $614.9M$0 | +$614.9M | 4.0%0.0% | +4.02 |
| GIBCgi Inc | ReducedHistory | 6,888,5687,068,644 | −180,076−2.5% | $593.4M$535.0M | −$15.5M | 3.9%3.7% | +0.17 |
| QSRRestaurant Brands International Inc. | ReducedHistory | 7,932,26110,041,037 | −2,108,776−21.0% | $512.7M$537.0M | −$136.3M | 3.4%3.7% | −0.37 |
| OTEXOpen Text Corp | AddedHistory | 16,631,31514,874,401 | +1,756,914+11.8% | $492.5M$395.2M | +$52.0M | 3.2%2.7% | +0.48 |
| MSFTMicrosoft Corp | AddedHistory | 1,964,5011,932,949 | +31,552+1.6% | $471.1M$450.2M | +$7.57M | 3.1%3.1% | −0.04 |
| STNStantec Inc | ReducedHistory | 9,366,1939,730,655 | −364,462−3.7% | $448.5M$429.0M | −$17.5M | 2.9%3.0% | −0.04 |
| MGAMagna International Inc | ReducedHistory | 7,848,8968,133,446 | −284,550−3.5% | $440.6M$387.9M | −$16.0M | 2.9%2.7% | +0.19 |
| FNVFranco Nevada Corp | AddedHistory | 3,186,2523,032,258 | +153,994+5.1% | $434.0M$364.1M | +$21.0M | 2.8%2.5% | +0.31 |
| MFCManulife Financial Corp | ReducedHistory | 24,028,42624,594,779 | −566,353−2.3% | $428.3M$388.1M | −$10.1M | 2.8%2.7% | +0.11 |
| SHOPShopify Inc. | ReducedHistory | 11,859,89512,268,004 | −408,109−3.3% | $411.5M$332.0M | −$14.2M | 2.7%2.3% | +0.39 |
| GILGildan Activewear Inc. | ReducedHistory | 13,476,21313,883,309 | −407,096−2.9% | $368.8M$394.6M | −$11.1M | 2.4%2.7% | −0.32 |
| UNHUnitedHealth Group Inc | ReducedHistory | 656,276664,241 | −7,965−1.2% | $347.9M$335.5M | −$4.22M | 2.3%2.3% | −0.05 |
| DSGXDescartes Systems Group Inc | ReducedHistory | 4,693,9914,841,498 | −147,507−3.0% | $327.0M$309.0M | −$10.3M | 2.1%2.1% | 0.00 |
| CAECae Inc | ReducedHistory | 14,616,08315,077,895 | −461,812−3.1% | $282.5M$232.5M | −$8.93M | 1.8%1.6% | +0.24 |
| TRPTC Energy Corp | AddedHistory | 6,937,712524,783 | +6,412,929+1,222.0% | $276.4M$21.3M | +$255.5M | 1.8%0.1% | +1.66 |
| MAMastercard Inc | ReducedHistory | 748,769756,810 | −8,041−1.1% | $260.4M$215.2M | −$2.80M | 1.7%1.5% | +0.21 |
| ABTAbbott Laboratories | ReducedHistory | 2,277,9452,301,525 | −23,580−1.0% | $250.1M$222.7M | −$2.59M | 1.6%1.5% | +0.09 |
| AMZNAmazon Com Inc | AddedHistory | 2,776,4202,713,836 | +62,584+2.3% | $233.2M$306.7M | +$5.26M | 1.5%2.1% | −0.60 |
| RYRoyal Bank of Canada | ReducedHistory | 2,322,1982,364,903 | −42,705−1.8% | $218.2M$214.1M | −$4.01M | 1.4%1.5% | −0.06 |
| FISVFiserv Inc | ReducedHistory | 2,101,5002,127,347 | −25,847−1.2% | $212.4M$199.1M | −$2.61M | 1.4%1.4% | +0.01 |
| BDXBecton Dickinson & Co | ReducedHistory | 833,439862,493 | −29,054−3.4% | $211.9M$192.2M | −$7.39M | 1.4%1.3% | +0.05 |
| PEPPepsiCo Inc | ReducedHistory | 1,080,9791,106,448 | −25,469−2.3% | $195.3M$180.6M | −$4.60M | 1.3%1.3% | +0.02 |
| CIGIColliers International Group Inc. | ReducedHistory | 2,105,3602,153,362 | −48,002−2.2% | $193.3M$198.4M | −$4.41M | 1.3%1.4% | −0.11 |
| BSXBoston Scientific Corp | ReducedHistory | 3,878,5404,149,351 | −270,811−6.5% | $179.5M$160.7M | −$12.5M | 1.2%1.1% | +0.06 |
| GOOGLAlphabet Inc. | AddedHistory | 1,904,0581,896,979 | +7,079+0.4% | $168.0M$181.4M | +$624.6K | 1.1%1.3% | −0.16 |
| IBKRInteractive Brokers Group, Inc. | ReducedHistory | 2,243,0932,437,326 | −194,233−8.0% | $162.3M$155.8M | −$14.1M | 1.1%1.1% | −0.02 |
| GOOGAlphabet Inc. | AddedHistory | 1,791,7621,716,997 | +74,765+4.4% | $159.0M$165.1M | +$6.63M | 1.0%1.1% | −0.10 |
| JPMJPMorgan Chase & Co | ReducedHistory | 1,181,0021,216,020 | −35,018−2.9% | $158.4M$127.1M | −$4.70M | 1.0%0.9% | +0.15 |
| CPRTCopart Inc | UnchangedConverted for a 2-for-1 splitHistory | 2,557,6242,561,972 | 00.0% | $155.7M$136.3M | $0 | 1.0%0.9% | +0.07 |
| IQVIQVIA Holdings Inc. | ReducedHistory | 728,748736,204 | −7,456−1.0% | $149.3M$133.4M | −$1.53M | 1.0%0.9% | +0.05 |
| ORCLOracle Corp | AddedHistory | 1,762,6571,743,494 | +19,163+1.1% | $144.1M$106.5M | +$1.57M | 0.9%0.7% | +0.20 |
| BAMBrookfield Asset Management Ltd. | NewHistory | 4,901,8450 | +4,901,845 | $140.3M$0 | +$140.3M | 0.9%0.0% | +0.92 |
| TDToronto Dominion Bank | ReducedHistory | 2,084,2422,130,257 | −46,015−2.2% | $134.9M$131.3M | −$2.98M | 0.9%0.9% | −0.03 |
| CBChubb Ltd | ReducedHistory | 609,784633,692 | −23,908−3.8% | $134.5M$115.3M | −$5.27M | 0.9%0.8% | +0.08 |
| DEODiageo PLC | ReducedHistory | 728,009738,929 | −10,920−1.5% | $129.7M$125.5M | −$1.95M | 0.8%0.9% | −0.02 |
| JNJJohnson & Johnson | ReducedHistory | 724,477740,145 | −15,668−2.1% | $128.0M$120.9M | −$2.77M | 0.8%0.8% | 0.00 |
| ENBEnbridge Inc | AddedHistory | 2,976,0742,961,966 | +14,108+0.5% | $116.2M$110.4M | +$551.0K | 0.8%0.8% | −0.01 |
| PGProcter & Gamble Co | ReducedHistory | 709,418714,964 | −5,546−0.8% | $107.5M$90.3M | −$840.6K | 0.7%0.6% | +0.08 |
| SHWSherwin Williams Co | ReducedHistory | 429,100429,263 | −1630.0% | $101.8M$87.9M | −$38.7K | 0.7%0.6% | +0.06 |
| HDBHDFC Bank Ltd | ReducedHistory | 1,472,9341,555,387 | −82,453−5.3% | $100.8M$90.9M | −$5.64M | 0.7%0.6% | +0.03 |
| BKNGBooking Holdings Inc. | ReducedHistory | 48,43949,010 | −571−1.2% | $97.6M$80.5M | −$1.15M | 0.6%0.6% | +0.08 |
| GWREGuidewire Software, Inc. | AddedHistory | 1,542,0991,437,181 | +104,918+7.3% | $96.5M$88.5M | +$6.56M | 0.6%0.6% | +0.02 |
| METAMeta Platforms, Inc. | ReducedHistory | 800,926882,493 | −81,567−9.2% | $96.4M$119.7M | −$9.82M | 0.6%0.8% | −0.20 |
| DHRDanaher Corp | AddedHistory | 362,274295,726 | +66,548+22.5% | $96.2M$76.4M | +$17.7M | 0.6%0.5% | +0.10 |
| VRSKVerisk Analytics, Inc. | ReducedHistory | 543,698819,821 | −276,123−33.7% | $95.9M$139.8M | −$48.7M | 0.6%1.0% | −0.34 |
| TJXTJX Companies Inc | ReducedHistory | 1,158,4901,186,265 | −27,775−2.3% | $92.2M$73.7M | −$2.21M | 0.6%0.5% | +0.09 |
| AMEAmetek Inc | AddedHistory | 655,304644,917 | +10,387+1.6% | $91.6M$73.1M | +$1.45M | 0.6%0.5% | +0.09 |
| BRK.BBerkshire Hathaway Inc | ReducedHistory | 271,062272,878 | −1,816−0.7% | $83.7M$72.9M | −$561.0K | 0.5%0.5% | +0.04 |
| OZKBank OZK | ReducedHistory | 1,994,2262,102,579 | −108,353−5.2% | $79.9M$83.2M | −$4.34M | 0.5%0.6% | −0.05 |
| MNSTMonster Beverage Corp | AddedHistory | 684,891669,866 | +15,025+2.2% | $69.5M$58.3M | +$1.53M | 0.5%0.4% | +0.05 |
| MDLZMondelez International, Inc. | AddedHistory | 1,028,5291,023,678 | +4,851+0.5% | $68.6M$56.1M | +$323.3K | 0.4%0.4% | +0.06 |
| Abcam PLC000380204 | Added– | 4,096,350413,186 | +3,683,164+891.4% | $63.7M$6.19M | +$57.3M | 0.4%<0.1% | +0.37 |
| CLColgate Palmolive Co | ReducedHistory | 758,492782,973 | −24,481−3.1% | $59.8M$55.0M | −$1.93M | 0.4%0.4% | +0.01 |
| LCIILci Industries | ReducedHistory | 598,721603,812 | −5,091−0.8% | $55.4M$61.3M | −$470.7K | 0.4%0.4% | −0.06 |
| AFGAmerican Financial Group Inc | ReducedHistory | 341,788362,799 | −21,011−5.8% | $46.9M$44.6M | −$2.88M | 0.3%0.3% | 0.00 |
| RELXRELX PLC | ReducedHistory | 1,390,3831,440,507 | −50,124−3.5% | $38.5M$35.0M | −$1.39M | 0.3%0.2% | +0.01 |
| BERYBerry Global Group, Inc. | ReducedHistory | 600,455636,064 | −35,609−5.6% | $36.3M$29.6M | −$2.15M | 0.2%0.2% | +0.03 |
| COSTCostco Wholesale Corp | ReducedHistory | 79,06580,529 | −1,464−1.8% | $36.1M$38.0M | −$668.3K | 0.2%0.3% | −0.03 |
| AXAxos Financial, Inc. | AddedHistory | 890,487781,979 | +108,508+13.9% | $34.0M$26.8M | +$4.15M | 0.2%0.2% | +0.04 |
| CTSHCognizant Technology Solutions Corp | ReducedHistory | 582,229609,882 | −27,653−4.5% | $33.3M$35.0M | −$1.58M | 0.2%0.2% | −0.03 |
| Cyberark Software LtdM2682V108 | Reduced– | 256,314261,571 | −5,257−2.0% | $33.2M$39.2M | −$681.6K | 0.2%0.3% | −0.05 |
| NTRNutrien Ltd. | ReducedHistory | 453,233499,438 | −46,205−9.3% | $33.1M$41.9M | −$3.37M | 0.2%0.3% | −0.07 |
| XOMExxonMobil Holdings Corp | ReducedHistory | 297,449299,637 | −2,188−0.7% | $32.8M$26.2M | −$241.3K | 0.2%0.2% | +0.03 |
| ADPAutomatic Data Processing Inc | ReducedHistory | 127,984134,179 | −6,195−4.6% | $30.6M$30.3M | −$1.48M | 0.2%0.2% | −0.01 |
| ULUnilever PLC | ReducedHistory | 572,300572,329 | −290.0% | $28.8M$25.1M | −$1.46K | 0.2%0.2% | +0.01 |
| TSMTaiwan Semiconductor Manufacturing Co Ltd | ReducedHistory | 362,451370,709 | −8,258−2.2% | $27.0M$25.4M | −$615.1K | 0.2%0.2% | 0.00 |
| BMOBank of Montreal | AddedHistory | 272,247146,681 | +125,566+85.6% | $24.6M$12.9M | +$11.4M | 0.2%0.1% | +0.07 |
| ABBVAbbVie Inc. | ReducedHistory | 150,686150,886 | −200−0.1% | $24.4M$20.3M | −$32.3K | 0.2%0.1% | +0.02 |
| CMCSAComcast Corp | ReducedHistory | 693,821776,576 | −82,755−10.7% | $24.3M$22.8M | −$2.89M | 0.2%0.2% | 0.00 |
| PGRProgressive Corp | ReducedHistory | 183,805263,186 | −79,381−30.2% | $23.8M$30.6M | −$10.3M | 0.2%0.2% | −0.06 |
| SPYSPDR S&P 500 ETF Trust | AddedHistory | 59,60346,599 | +13,004+27.9% | $22.8M$16.6M | +$4.97M | 0.1%0.1% | +0.03 |
| LLYEli Lilly & Co | UnchangedHistory | 60,95760,957 | 00.0% | $22.3M$19.7M | $0 | 0.1%0.1% | +0.01 |
| ALRMAlarm.com Holdings, Inc. | ReducedHistory | 450,582480,278 | −29,696−6.2% | $22.3M$31.1M | −$1.47M | 0.1%0.2% | −0.07 |
| SAPSAP SE | ReducedHistory | 206,240212,954 | −6,714−3.2% | $21.3M$17.3M | −$692.8K | 0.1%0.1% | +0.02 |
| PFEPfizer Inc | ReducedHistory | 404,073423,638 | −19,565−4.6% | $20.7M$18.5M | −$1.00M | 0.1%0.1% | +0.01 |
| TUTelus Corp | ReducedHistory | 1,021,4081,032,086 | −10,678−1.0% | $19.7M$20.6M | −$205.9K | 0.1%0.1% | −0.01 |
| SFBSServisFirst Bancshares, Inc. | ReducedHistory | 284,771302,245 | −17,474−5.8% | $19.6M$24.2M | −$1.20M | 0.1%0.2% | −0.04 |
| CACCCredit Acceptance Corp | AddedHistory | 39,00934,347 | +4,662+13.6% | $18.5M$15.0M | +$2.21M | 0.1%0.1% | +0.02 |
| ZTSZoetis Inc. | AddedHistory | 123,498123,413 | +85+0.1% | $18.1M$18.3M | +$12.5K | 0.1%0.1% | −0.01 |
| ALCAlcon Inc | ReducedHistory | 262,461266,815 | −4,354−1.6% | $18.0M$15.5M | −$298.5K | 0.1%0.1% | +0.01 |
| PBAPembina Pipeline Corp | ReducedHistory | 530,255541,793 | −11,538−2.1% | $18.0M$16.5M | −$391.4K | 0.1%0.1% | 0.00 |
| ASMLASML Holding NV | ReducedHistory | 30,06530,800 | −735−2.4% | $16.4M$12.8M | −$401.6K | 0.1%0.1% | +0.02 |
| CVXChevron Corp | ReducedHistory | 89,13489,506 | −372−0.4% | $16.0M$12.9M | −$66.8K | 0.1%0.1% | +0.02 |
| SAMBoston Beer Co Inc | ReducedHistory | 45,18576,295 | −31,110−40.8% | $14.9M$24.7M | −$10.3M | 0.1%0.2% | −0.07 |
| MMM3M Co | ReducedHistory | 109,473118,112 | −8,639−7.3% | $13.1M$13.1M | −$1.04M | 0.1%0.1% | 0.00 |
| SLFSun Life Financial Inc | ReducedHistory | 262,894266,670 | −3,776−1.4% | $12.2M$10.7M | −$175.2K | 0.1%0.1% | +0.01 |
| CVSCVS Health Corp | ReducedHistory | 125,714130,868 | −5,154−3.9% | $11.7M$12.5M | −$480.3K | 0.1%0.1% | −0.01 |
| BCEBce Inc | ReducedHistory | 234,585244,128 | −9,543−3.9% | $10.3M$10.3M | −$419.0K | 0.1%0.1% | 0.00 |
| KMBKimberly Clark Corp | AddedHistory | 73,48773,412 | +75+0.1% | $9.98M$8.26M | +$10.2K | 0.1%0.1% | +0.01 |
| NKENIKE, Inc. | ReducedHistory | 83,00186,021 | −3,020−3.5% | $9.71M$7.15M | −$353.4K | 0.1%<0.1% | +0.01 |
| NVONovo Nordisk A S | ReducedHistory | 71,59674,846 | −3,250−4.3% | $9.69M$7.46M | −$439.9K | 0.1%0.1% | +0.01 |
| EMREmerson Electric Co | ReducedHistory | 96,62097,670 | −1,050−1.1% | $9.28M$7.15M | −$100.9K | 0.1%<0.1% | +0.01 |
| AAPLApple Inc. | ReducedHistory | 67,01274,643 | −7,631−10.2% | $8.71M$10.3M | −$991.5K | 0.1%0.1% | −0.01 |
| USBUS Bancorp DE | ReducedHistory | 192,682206,347 | −13,665−6.6% | $8.40M$8.32M | −$595.9K | 0.1%0.1% | 0.00 |
| NVSNovartis AG | ReducedHistory | 85,33494,240 | −8,906−9.5% | $7.74M$7.16M | −$808.0K | 0.1%<0.1% | 0.00 |
| KOCoca Cola Co | ReducedHistory | 118,316120,796 | −2,480−2.1% | $7.53M$6.77M | −$157.8K | <0.1%<0.1% | 0.00 |
| WFCWells Fargo & Company | ReducedHistory | 167,647170,916 | −3,269−1.9% | $6.92M$6.87M | −$135.0K | <0.1%<0.1% | 0.00 |
Estimated amounts multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares): new positions use this quarter's value and sold-out positions last quarter's; positions reported only as principal (PRN) cannot be estimated. 13F shows only quarter-end holdings, not when trades happened or at what price.