Jarislowsky, Fraser Ltd
- SEC CIK
- 0001123778
- Latest filing
- Oct 21, 2025
Holdings changes from Q4 2022 to Q1 2023
Long positions only; new, added, reduced and sold out are based on share counts. Pick any two quarters this institution filed.
- New
- 4
- Est. +$3.93M
- Added
- 37
- Est. +$367.2M
- Reduced
- 134
- Est. −$636.4M
- Sold out
- 12
- Est. −$23.4M
Portfolio value went from $15.3B to $16.2B (+$938.6M (+6.1%)); positions from 206 to 198 (−8).
All Q1 2023 holdingsAll Q4 2022 holdings
In the shares, value and % of portfolio columns, the top figure is Q1 2023 and the gray one below is Q4 2022. For stocks that split between the two quarters, Q4 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 | AddedHistory | 9,556,5119,486,125 | +70,386+0.7% | $1.13B$1.13B | +$8.29M | 6.9%7.4% | −0.43 |
| TRIThomson Reuters Corp | ReducedHistory | 5,472,3725,627,486 | −155,114−2.8% | $711.0M$641.5M | −$20.2M | 4.4%4.2% | +0.19 |
| BNBROOKFIELD Corp | AddedHistory | 21,170,72919,565,784 | +1,604,945+8.2% | $688.8M$614.9M | +$52.2M | 4.2%4.0% | +0.22 |
| BNSBank of Nova Scotia | ReducedHistory | 13,428,85013,775,260 | −346,410−2.5% | $675.4M$674.5M | −$17.4M | 4.2%4.4% | −0.25 |
| OTEXOpen Text Corp | AddedHistory | 16,804,46716,631,315 | +173,152+1.0% | $647.3M$492.5M | +$6.67M | 4.0%3.2% | +0.77 |
| GIBCgi Inc | ReducedHistory | 6,706,2866,888,568 | −182,282−2.6% | $645.4M$593.4M | −$17.5M | 4.0%3.9% | +0.10 |
| MSFTMicrosoft Corp | ReducedHistory | 1,947,2521,964,501 | −17,249−0.9% | $563.3M$471.1M | −$4.99M | 3.5%3.1% | +0.39 |
| QSRRestaurant Brands International Inc. | ReducedHistory | 7,746,9407,932,261 | −185,321−2.3% | $519.4M$512.7M | −$12.4M | 3.2%3.4% | −0.15 |
| STNStantec Inc | ReducedHistory | 8,603,9889,366,193 | −762,205−8.1% | $502.3M$448.5M | −$44.5M | 3.1%2.9% | +0.16 |
| SHOPShopify Inc. | ReducedHistory | 10,318,55511,859,895 | −1,541,340−13.0% | $494.1M$411.5M | −$73.8M | 3.0%2.7% | +0.35 |
| TRPTC Energy Corp | AddedHistory | 12,387,5696,937,712 | +5,449,857+78.6% | $481.2M$276.4M | +$211.7M | 3.0%1.8% | +1.16 |
| FNVFranco Nevada Corp | ReducedHistory | 3,125,9493,186,252 | −60,303−1.9% | $455.3M$434.0M | −$8.78M | 2.8%2.8% | −0.03 |
| GILGildan Activewear Inc. | ReducedHistory | 13,182,71713,476,213 | −293,496−2.2% | $437.4M$368.8M | −$9.74M | 2.7%2.4% | +0.28 |
| MFCManulife Financial Corp | ReducedHistory | 23,376,29524,028,426 | −652,131−2.7% | $428.4M$428.3M | −$12.0M | 2.6%2.8% | −0.16 |
| MGAMagna International Inc | ReducedHistory | 7,690,0997,848,896 | −158,797−2.0% | $411.3M$440.6M | −$8.49M | 2.5%2.9% | −0.35 |
| DSGXDescartes Systems Group Inc | ReducedHistory | 4,685,9984,693,991 | −7,993−0.2% | $377.7M$327.0M | −$644.2K | 2.3%2.1% | +0.19 |
| CAECae Inc | ReducedHistory | 14,111,07614,616,083 | −505,007−3.5% | $318.6M$282.5M | −$11.4M | 2.0%1.8% | +0.12 |
| UNHUnitedHealth Group Inc | AddedHistory | 662,414656,276 | +6,138+0.9% | $313.1M$347.9M | +$2.90M | 1.9%2.3% | −0.35 |
| AMZNAmazon Com Inc | AddedHistory | 2,814,8822,776,420 | +38,462+1.4% | $290.7M$233.2M | +$3.97M | 1.8%1.5% | +0.27 |
| MAMastercard Inc | ReducedHistory | 722,860748,769 | −25,909−3.5% | $262.7M$260.4M | −$9.42M | 1.6%1.7% | −0.08 |
| ABTAbbott Laboratories | ReducedHistory | 2,258,1912,277,945 | −19,754−0.9% | $228.7M$250.1M | −$2.00M | 1.4%1.6% | −0.23 |
| FISVFiserv Inc | ReducedHistory | 2,017,8112,101,500 | −83,689−4.0% | $228.1M$212.4M | −$9.46M | 1.4%1.4% | +0.02 |
| CIGIColliers International Group Inc. | ReducedHistory | 2,093,1122,105,360 | −12,248−0.6% | $220.6M$193.3M | −$1.29M | 1.4%1.3% | +0.10 |
| RYRoyal Bank of Canada | ReducedHistory | 2,294,9062,322,198 | −27,292−1.2% | $219.2M$218.2M | −$2.61M | 1.4%1.4% | −0.08 |
| BDXBecton Dickinson & Co | AddedHistory | 858,688833,439 | +25,249+3.0% | $212.6M$211.9M | +$6.25M | 1.3%1.4% | −0.08 |
| PEPPepsiCo Inc | AddedHistory | 1,111,9411,080,979 | +30,962+2.9% | $202.7M$195.3M | +$5.64M | 1.2%1.3% | −0.03 |
| GOOGLAlphabet Inc. | ReducedHistory | 1,893,0631,904,058 | −10,995−0.6% | $196.4M$168.0M | −$1.14M | 1.2%1.1% | +0.11 |
| GOOGAlphabet Inc. | AddedHistory | 1,856,5201,791,762 | +64,758+3.6% | $193.1M$159.0M | +$6.73M | 1.2%1.0% | +0.15 |
| CPRTCopart Inc | ReducedHistory | 2,493,1052,557,624 | −64,519−2.5% | $187.5M$155.7M | −$4.85M | 1.2%1.0% | +0.14 |
| IBKRInteractive Brokers Group, Inc. | ReducedHistory | 2,132,9192,243,093 | −110,174−4.9% | $176.1M$162.3M | −$9.10M | 1.1%1.1% | +0.02 |
| ORCLOracle Corp | AddedHistory | 1,793,5131,762,657 | +30,856+1.8% | $166.7M$144.1M | +$2.87M | 1.0%0.9% | +0.08 |
| BSXBoston Scientific Corp | ReducedHistory | 3,251,3453,878,540 | −627,195−16.2% | $162.7M$179.5M | −$31.4M | 1.0%1.2% | −0.17 |
| JPMJPMorgan Chase & Co | ReducedHistory | 1,168,7671,181,002 | −12,235−1.0% | $152.3M$158.4M | −$1.59M | 0.9%1.0% | −0.10 |
| IQVIQVIA Holdings Inc. | ReducedHistory | 724,092728,748 | −4,656−0.6% | $144.0M$149.3M | −$926.0K | 0.9%1.0% | −0.09 |
| METAMeta Platforms, Inc. | ReducedHistory | 668,340800,926 | −132,586−16.6% | $141.6M$96.4M | −$28.1M | 0.9%0.6% | +0.24 |
| DEODiageo PLC | ReducedHistory | 722,460728,009 | −5,549−0.8% | $130.9M$129.7M | −$1.01M | 0.8%0.8% | −0.04 |
| GWREGuidewire Software, Inc. | AddedHistory | 1,578,8451,542,099 | +36,746+2.4% | $129.5M$96.5M | +$3.02M | 0.8%0.6% | +0.17 |
| TDToronto Dominion Bank | ReducedHistory | 2,040,4342,084,242 | −43,808−2.1% | $122.0M$134.9M | −$2.62M | 0.8%0.9% | −0.13 |
| CBChubb Ltd | AddedHistory | 625,558609,784 | +15,774+2.6% | $121.5M$134.5M | +$3.06M | 0.7%0.9% | −0.13 |
| BKNGBooking Holdings Inc. | ReducedHistory | 45,61248,439 | −2,827−5.8% | $121.0M$97.6M | −$7.50M | 0.7%0.6% | +0.11 |
| ENBEnbridge Inc | ReducedHistory | 2,953,1862,976,074 | −22,888−0.8% | $112.4M$116.2M | −$871.5K | 0.7%0.8% | −0.07 |
| JNJJohnson & Johnson | ReducedHistory | 706,607724,477 | −17,870−2.5% | $109.5M$128.0M | −$2.77M | 0.7%0.8% | −0.16 |
| PGProcter & Gamble Co | ReducedHistory | 691,752709,418 | −17,666−2.5% | $102.9M$107.5M | −$2.63M | 0.6%0.7% | −0.07 |
| AMEAmetek Inc | AddedHistory | 688,306655,304 | +33,002+5.0% | $100.0M$91.6M | +$4.80M | 0.6%0.6% | +0.02 |
| DHRDanaher Corp | AddedHistory | 396,048362,274 | +33,774+9.3% | $99.8M$96.2M | +$8.51M | 0.6%0.6% | −0.01 |
| HDBHDFC Bank Ltd | ReducedHistory | 1,468,0131,472,934 | −4,921−0.3% | $97.9M$100.8M | −$328.1K | 0.6%0.7% | −0.06 |
| SHWSherwin Williams Co | ReducedHistory | 428,845429,100 | −255−0.1% | $96.4M$101.8M | −$57.3K | 0.6%0.7% | −0.07 |
| TJXTJX Companies Inc | ReducedHistory | 1,144,5421,158,490 | −13,948−1.2% | $89.7M$92.2M | −$1.09M | 0.6%0.6% | −0.05 |
| MDLZMondelez International, Inc. | AddedHistory | 1,242,1611,028,529 | +213,632+20.8% | $86.6M$68.6M | +$14.9M | 0.5%0.4% | +0.09 |
| BRK.BBerkshire Hathaway Inc | AddedHistory | 274,488271,062 | +3,426+1.3% | $84.8M$83.7M | +$1.06M | 0.5%0.5% | −0.03 |
| MNSTMonster Beverage Corp | ReducedConverted for a 2-for-1 splitHistory | 1,343,9331,369,782 | −25,849−1.9% | $72.6M$69.5M | −$1.40M | 0.4%0.5% | −0.01 |
| LCIILci Industries | AddedHistory | 628,655598,721 | +29,934+5.0% | $69.1M$55.4M | +$3.29M | 0.4%0.4% | +0.06 |
| VRSKVerisk Analytics, Inc. | ReducedHistory | 354,046543,698 | −189,652−34.9% | $67.9M$95.9M | −$36.4M | 0.4%0.6% | −0.21 |
| OZKBank OZK | ReducedHistory | 1,790,0841,994,226 | −204,142−10.2% | $61.2M$79.9M | −$6.98M | 0.4%0.5% | −0.15 |
| Abcam PLC000380204 | Added– | 4,177,6454,096,350 | +81,295+2.0% | $56.2M$63.7M | +$1.09M | 0.3%0.4% | −0.07 |
| CLColgate Palmolive Co | ReducedHistory | 723,856758,492 | −34,636−4.6% | $54.4M$59.8M | −$2.60M | 0.3%0.4% | −0.06 |
| RELXRELX PLC | ReducedHistory | 1,386,2301,390,383 | −4,153−0.3% | $45.0M$38.5M | −$134.7K | 0.3%0.3% | +0.03 |
| AFGAmerican Financial Group Inc | AddedHistory | 364,756341,788 | +22,968+6.7% | $44.3M$46.9M | +$2.79M | 0.3%0.3% | −0.03 |
| BERYBerry Global Group, Inc. | AddedHistory | 725,975600,455 | +125,520+20.9% | $42.8M$36.3M | +$7.39M | 0.3%0.2% | +0.03 |
| Cyberark Software LtdM2682V108 | Reduced– | 255,434256,314 | −880−0.3% | $37.8M$33.2M | −$130.2K | 0.2%0.2% | +0.02 |
| COSTCostco Wholesale Corp | ReducedHistory | 75,55979,065 | −3,506−4.4% | $37.5M$36.1M | −$1.74M | 0.2%0.2% | 0.00 |
| TSMTaiwan Semiconductor Manufacturing Co Ltd | ReducedHistory | 354,943362,451 | −7,508−2.1% | $33.0M$27.0M | −$698.4K | 0.2%0.2% | +0.03 |
| XOMExxonMobil Holdings Corp | ReducedHistory | 295,809297,449 | −1,640−0.6% | $32.4M$32.8M | −$179.8K | 0.2%0.2% | −0.01 |
| AXAxos Financial, Inc. | ReducedHistory | 866,507890,487 | −23,980−2.7% | $32.0M$34.0M | −$885.3K | 0.2%0.2% | −0.03 |
| ULUnilever PLC | AddedHistory | 594,757572,300 | +22,457+3.9% | $30.9M$28.8M | +$1.17M | 0.2%0.2% | 0.00 |
| NTRNutrien Ltd. | ReducedHistory | 407,470453,233 | −45,763−10.1% | $30.1M$33.1M | −$3.38M | 0.2%0.2% | −0.03 |
| BMOBank of Montreal | AddedHistory | 315,909272,247 | +43,662+16.0% | $28.1M$24.6M | +$3.88M | 0.2%0.2% | +0.01 |
| ADPAutomatic Data Processing Inc | ReducedHistory | 123,242127,984 | −4,742−3.7% | $27.4M$30.6M | −$1.06M | 0.2%0.2% | −0.03 |
| PGRProgressive Corp | ReducedHistory | 177,201183,805 | −6,604−3.6% | $25.4M$23.8M | −$944.8K | 0.2%0.2% | 0.00 |
| SAPSAP SE | ReducedHistory | 199,858206,240 | −6,382−3.1% | $25.3M$21.3M | −$807.6K | 0.2%0.1% | +0.02 |
| CMCSAComcast Corp | ReducedHistory | 621,234693,821 | −72,587−10.5% | $23.6M$24.3M | −$2.75M | 0.1%0.2% | −0.01 |
| ABBVAbbVie Inc. | ReducedHistory | 146,385150,686 | −4,301−2.9% | $23.3M$24.4M | −$685.5K | 0.1%0.2% | −0.02 |
| ALRMAlarm.com Holdings, Inc. | ReducedHistory | 438,949450,582 | −11,633−2.6% | $22.1M$22.3M | −$584.9K | 0.1%0.1% | −0.01 |
| LLYEli Lilly & Co | ReducedHistory | 59,46360,957 | −1,494−2.5% | $20.4M$22.3M | −$513.1K | 0.1%0.1% | −0.02 |
| ASMLASML Holding NV | ReducedHistory | 29,97930,065 | −86−0.3% | $20.4M$16.4M | −$58.5K | 0.1%0.1% | +0.02 |
| ZTSZoetis Inc. | ReducedHistory | 122,146123,498 | −1,352−1.1% | $20.3M$18.1M | −$225.0K | 0.1%0.1% | +0.01 |
| TUTelus Corp | ReducedHistory | 1,004,8751,021,408 | −16,533−1.6% | $19.9M$19.7M | −$327.8K | 0.1%0.1% | −0.01 |
| PBAPembina Pipeline Corp | AddedHistory | 601,441530,255 | +71,186+13.4% | $19.5M$18.0M | +$2.30M | 0.1%0.1% | 0.00 |
| SPYSPDR S&P 500 ETF Trust | ReducedHistory | 46,60159,603 | −13,002−21.8% | $19.1M$22.8M | −$5.32M | 0.1%0.1% | −0.03 |
| ALCAlcon Inc | ReducedHistory | 254,637262,461 | −7,824−3.0% | $18.0M$18.0M | −$551.9K | 0.1%0.1% | −0.01 |
| CACCCredit Acceptance Corp | AddedHistory | 39,30939,009 | +300+0.8% | $17.1M$18.5M | +$130.8K | 0.1%0.1% | −0.02 |
| SFBSServisFirst Bancshares, Inc. | ReducedHistory | 276,980284,771 | −7,791−2.7% | $15.1M$19.6M | −$425.6K | 0.1%0.1% | −0.04 |
| CVXChevron Corp | ReducedHistory | 87,08689,134 | −2,048−2.3% | $14.2M$16.0M | −$334.2K | 0.1%0.1% | −0.02 |
| PFEPfizer Inc | ReducedHistory | 338,157404,073 | −65,916−16.3% | $13.8M$20.7M | −$2.69M | 0.1%0.1% | −0.05 |
| SLFSun Life Financial Inc | ReducedHistory | 260,372262,894 | −2,522−1.0% | $12.1M$12.2M | −$117.7K | 0.1%0.1% | 0.00 |
| NVONovo Nordisk A S | ReducedHistory | 69,63171,596 | −1,965−2.7% | $11.1M$9.69M | −$312.7K | 0.1%0.1% | 0.00 |
| BCEBce Inc | AddedHistory | 243,136234,585 | +8,551+3.6% | $10.9M$10.3M | +$382.5K | 0.1%0.1% | 0.00 |
| AAPLApple Inc. | ReducedHistory | 64,34067,012 | −2,672−4.0% | $10.6M$8.71M | −$440.6K | 0.1%0.1% | +0.01 |
| MMM3M Co | ReducedHistory | 100,698109,473 | −8,775−8.0% | $10.6M$13.1M | −$922.3K | 0.1%0.1% | −0.02 |
| NKENIKE, Inc. | ReducedHistory | 79,11683,001 | −3,885−4.7% | $9.70M$9.71M | −$476.5K | 0.1%0.1% | 0.00 |
| KMBKimberly Clark Corp | ReducedHistory | 70,77073,487 | −2,717−3.7% | $9.50M$9.98M | −$364.7K | 0.1%0.1% | −0.01 |
| CVSCVS Health Corp | ReducedHistory | 119,684125,714 | −6,030−4.8% | $8.89M$11.7M | −$448.1K | 0.1%0.1% | −0.02 |
| YUMCYum China Holdings, Inc. | ReducedHistory | 122,358122,378 | −200.0% | $7.76M$6.69M | −$1.27K | <0.1%<0.1% | 0.00 |
| EMREmerson Electric Co | ReducedHistory | 87,22596,620 | −9,395−9.7% | $7.60M$9.28M | −$818.7K | <0.1%0.1% | −0.01 |
| NVSNovartis AG | ReducedHistory | 80,82985,334 | −4,505−5.3% | $7.44M$7.74M | −$414.5K | <0.1%0.1% | 0.00 |
| TCOMTrip.com Group Ltd | ReducedHistory | 196,947197,359 | −412−0.2% | $7.42M$6.79M | −$15.5K | <0.1%<0.1% | 0.00 |
| KOCoca Cola Co | AddedHistory | 118,673118,316 | +357+0.3% | $7.36M$7.53M | +$22.1K | <0.1%<0.1% | 0.00 |
| FMXMexican Economic Development Inc | ReducedHistory | 75,41275,462 | −50−0.1% | $7.18M$5.90M | −$4.76K | <0.1%<0.1% | +0.01 |
| CTSHCognizant Technology Solutions Corp | ReducedHistory | 110,639582,229 | −471,590−81.0% | $6.74M$33.3M | −$28.7M | <0.1%0.2% | −0.18 |
| Shaw Communications Inc82028K200 | Reduced– | 219,319220,365 | −1,046−0.5% | $6.55M$6.34M | −$31.3K | <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.