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Jarislowsky, Fraser Ltd

SEC CIK
0001123778
Latest filing
Oct 21, 2025

Holdings in Q2 2023

Holdings as of Jun 30, 2023, filed Sep 27, 2024. Long positions only; changes compare share counts with Q1 2023.

Institution overview
Positions
197
−1 vs. Q1 2023
Portfolio value
$16.8B
+$587.3M (+3.6%) vs. Q1 2023
Filed
Sep 27, 2024
AmendedSEC
Holdings of Jarislowsky, Fraser Ltd in Q2 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
CNICanadian National Railway CoStock9,248,550$1.12B6.7%−307,961−3.2%ReducedHistory
BNBROOKFIELD CorpCL A LTD VT SH23,288,257$784.9M4.7%+2,117,528+10.0%AddedHistory
OTEXOpen Text CorpCOM16,141,191$672.1M4.0%−663,276−3.9%ReducedHistory
TRIThomson Reuters CorpCOM NO PAR4,927,018$666.0M4.0%+4,927,018NewHistory
BNSBank of Nova ScotiaCOM12,826,024$642.4M3.8%−602,826−4.5%ReducedHistory
GIBCgi IncCL A5,731,582$605.1M3.6%−974,704−14.5%ReducedHistory
SHOPShopify Inc.Stock9,298,233$601.6M3.6%−1,020,322−9.9%ReducedHistory
MSFTMicrosoft CorpStock1,755,011$597.7M3.6%−192,241−9.9%ReducedHistory
QSRRestaurant Brands International Inc.COM7,397,619$574.2M3.4%−349,321−4.5%ReducedHistory
TRPTC Energy CorpCOM13,588,544$549.8M3.3%+1,200,975+9.7%AddedHistory
STNStantec IncCOM7,604,317$497.0M3.0%−999,671−11.6%ReducedHistory
FNVFranco Nevada CorpStock2,984,634$425.9M2.5%−141,315−4.5%ReducedHistory
MFCManulife Financial CorpCOM22,055,654$417.4M2.5%−1,320,641−5.6%ReducedHistory
MGAMagna International IncCOM7,363,910$416.2M2.5%−326,189−4.2%ReducedHistory
GILGildan Activewear Inc.Stock12,644,689$408.1M2.4%−538,028−4.1%ReducedHistory
DSGXDescartes Systems Group IncCOM4,466,346$358.2M2.1%−219,652−4.7%ReducedHistory
AMZNAmazon Com IncStock2,560,281$333.8M2.0%−254,601−9.0%ReducedHistory
UNHUnitedHealth Group IncStock671,865$322.9M1.9%+9,451+1.4%AddedHistory
CAECae IncCOM13,535,551$303.3M1.8%−575,525−4.1%ReducedHistory
MAMastercard IncStock706,516$277.9M1.7%−16,344−2.3%ReducedHistory
ABTAbbott LaboratoriesStock2,198,192$239.6M1.4%−59,999−2.7%ReducedHistory
PEPPepsiCo IncStock1,284,432$237.9M1.4%+172,491+15.5%AddedHistory
CIGIColliers International Group Inc.SUB VTG SHS2,398,178$235.6M1.4%+305,066+14.6%AddedHistory
FISVFiserv IncStock1,854,847$234.0M1.4%−162,964−8.1%ReducedHistory
BDXBecton Dickinson & CoStock885,445$233.8M1.4%+26,757+3.1%AddedHistory
GOOGLAlphabet Inc.Stock1,871,058$224.0M1.3%−22,005−1.2%ReducedHistory
RYRoyal Bank of CanadaStock2,269,000$216.9M1.3%−25,906−1.1%ReducedHistory
CPRTCopart IncCOM2,324,118$212.0M1.3%−168,987−6.8%ReducedHistory
GOOGAlphabet Inc.Stock1,743,734$210.9M1.3%−112,786−6.1%ReducedHistory
ORCLOracle CorpStock1,689,838$201.2M1.2%−103,675−5.8%ReducedHistory
IQVIQVIA Holdings Inc.Stock801,250$180.1M1.1%+77,158+10.7%AddedHistory
IBKRInteractive Brokers Group, Inc.Stock2,143,405$178.1M1.1%+10,486+0.5%AddedHistory
BSXBoston Scientific CorpStock3,131,118$169.4M1.0%−120,227−3.7%ReducedHistory
JPMJPMorgan Chase & CoStock1,157,271$168.3M1.0%−11,496−1.0%ReducedHistory
ACNAccenture plcStock484,664$149.6M0.9%+480,249+10,877.7%AddedHistory
CBChubb LtdStock687,657$132.4M0.8%+62,099+9.9%AddedHistory
DEODiageo PLCSPON ADR NEW725,513$125.9M0.7%+3,053+0.4%AddedHistory
TDToronto Dominion BankStock1,972,083$122.4M0.7%−68,351−3.3%ReducedHistory
DHRDanaher CorpStock507,290$121.7M0.7%+111,242+28.1%AddedHistory
JNJJohnson & JohnsonStock699,367$115.8M0.7%−7,240−1.0%ReducedHistory
SHWSherwin Williams CoCOM426,041$113.1M0.7%−2,804−0.7%ReducedHistory
AMEAmetek IncCOM681,636$110.3M0.7%−6,670−1.0%ReducedHistory
ENBEnbridge IncStock2,895,028$107.7M0.6%−58,158−2.0%ReducedHistory
BKNGBooking Holdings Inc.Stock38,919$105.1M0.6%−6,693−14.7%ReducedHistory
HDBHDFC Bank LtdSPONSORED ADS1,477,769$103.0M0.6%+9,756+0.7%AddedHistory
PGProcter & Gamble CoStock674,663$102.4M0.6%−17,089−2.5%ReducedHistory
Abcam PLC000380204ADS4,071,086$99.6M0.6%−106,559−2.6%Reduced–
TJXTJX Companies IncStock1,105,906$93.8M0.6%−38,636−3.4%ReducedHistory
BRK.BBerkshire Hathaway IncStock273,868$93.4M0.6%−620−0.2%ReducedHistory
MDLZMondelez International, Inc.Stock1,251,700$91.3M0.5%+9,539+0.8%AddedHistory
METAMeta Platforms, Inc.Stock279,179$80.1M0.5%−389,161−58.2%ReducedHistory
LCIILci IndustriesCOM616,472$77.9M0.5%−12,183−1.9%ReducedHistory
GWREGuidewire Software, Inc.COM995,494$75.7M0.5%−583,351−36.9%ReducedHistory
OZKBank OZKCOM1,751,675$70.3M0.4%−38,409−2.1%ReducedHistory
MNSTMonster Beverage CorpCOM1,140,474$65.5M0.4%−203,459−15.1%ReducedHistory
VRSKVerisk Analytics, Inc.COM275,397$62.2M0.4%−78,649−22.2%ReducedHistory
CLColgate Palmolive CoStock692,474$53.3M0.3%−31,382−4.3%ReducedHistory
AFGAmerican Financial Group IncCOM407,058$48.3M0.3%+42,302+11.6%AddedHistory
BERYBerry Global Group, Inc.COM741,047$47.7M0.3%+15,072+2.1%AddedHistory
RELXRELX PLCSPONSORED ADR1,338,623$44.8M0.3%−47,607−3.4%ReducedHistory
Cyberark Software LtdM2682V108SHS253,013$39.6M0.2%−2,421−0.9%Reduced–
COSTCostco Wholesale CorpStock71,908$38.7M0.2%−3,651−4.8%ReducedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR351,861$35.5M0.2%−3,082−0.9%ReducedHistory
AXAxos Financial, Inc.COM848,595$33.5M0.2%−17,912−2.1%ReducedHistory
CACCCredit Acceptance CorpCOM63,885$32.4M0.2%+24,576+62.5%AddedHistory
ULUnilever PLCSPON ADR NEW606,395$31.6M0.2%+11,638+2.0%AddedHistory
XOMExxonMobil Holdings CorpCOM292,740$31.4M0.2%−3,069−1.0%ReducedHistory
BMOBank of MontrealCOM319,292$28.9M0.2%+3,383+1.1%AddedHistory
ADPAutomatic Data Processing IncStock116,943$25.7M0.2%−6,299−5.1%ReducedHistory
SAPSAP SEADR184,054$25.2M0.1%−15,804−7.9%ReducedHistory
PGRProgressive CorpStock173,684$23.0M0.1%−3,517−2.0%ReducedHistory
CMCSAComcast CorpStock522,845$21.7M0.1%−98,389−15.8%ReducedHistory
TUTelus CorpCOM1,097,644$21.4M0.1%+92,769+9.2%AddedHistory
ASMLASML Holding NVADR29,370$21.3M0.1%−609−2.0%ReducedHistory
NTRNutrien Ltd.COM358,812$21.2M0.1%−48,658−11.9%ReducedHistory
SPYSPDR S&P 500 ETF TrustETF46,389$20.6M0.1%−212−0.5%ReducedHistory
ZTSZoetis Inc.Stock118,501$20.4M0.1%−3,645−3.0%ReducedHistory
LLYEli Lilly & CoStock41,696$19.6M0.1%−17,767−29.9%ReducedHistory
ALCAlcon IncStock236,619$19.4M0.1%−18,018−7.1%ReducedHistory
ABBVAbbVie Inc.Stock143,418$19.3M0.1%−2,967−2.0%ReducedHistory
PBAPembina Pipeline CorpCOM590,316$18.6M0.1%−11,125−1.8%ReducedHistory
CVXChevron CorpStock85,025$13.4M0.1%−2,061−2.4%ReducedHistory
SLFSun Life Financial IncCOM237,402$12.4M0.1%−22,970−8.8%ReducedHistory
AAPLApple Inc.Stock62,070$12.0M0.1%−2,270−3.5%ReducedHistory
BCEBce IncCOM NEW251,805$11.5M0.1%+8,669+3.6%AddedHistory
PFEPfizer IncStock304,965$11.2M0.1%−33,192−9.8%ReducedHistory
SFBSServisFirst Bancshares, Inc.COM270,947$11.1M0.1%−6,033−2.2%ReducedHistory
NVONovo Nordisk A SADR67,831$11.0M0.1%−1,800−2.6%ReducedHistory
KMBKimberly Clark CorpStock67,985$9.39M0.1%−2,785−3.9%ReducedHistory
FMXMexican Economic Development IncSPON ADR UNITS77,122$8.55M0.1%+1,710+2.3%AddedHistory
NKENIKE, Inc.Stock76,406$8.43M0.1%−2,710−3.4%ReducedHistory
MMM3M CoStock83,243$8.33M<0.1%−17,455−17.3%ReducedHistory
XPXP Inc.CL A338,888$7.95M<0.1%00.0%UnchangedHistory
EMREmerson Electric CoStock86,770$7.84M<0.1%−455−0.5%ReducedHistory
CVSCVS Health CorpStock112,259$7.76M<0.1%−7,425−6.2%ReducedHistory
NVSNovartis AGADR72,363$7.30M<0.1%−8,466−10.5%ReducedHistory
KOCoca Cola CoStock117,608$7.08M<0.1%−1,065−0.9%ReducedHistory
TCOMTrip.com Group LtdADS196,947$6.89M<0.1%00.0%UnchangedHistory
YUMCYum China Holdings, Inc.COM121,658$6.87M<0.1%−700−0.6%ReducedHistory
WFCWells Fargo & CompanyStock136,081$5.81M<0.1%−13,000−8.7%ReducedHistory

Sold out since Q1 2023 (7)

Positions held at the end of Q1 2023 that are gone from this filing.

Positions of Jarislowsky, Fraser Ltd sold out since Q1 2023
SecurityClassShares in Q1 2023Value in Q1 2023% of portfolio in Q1 2023History
TRIThomson Reuters CorpCOM NEW5,472,372$711.0M4.4%History
ALRMAlarm.com Holdings, Inc.COM438,949$22.1M0.1%History
Shaw Communications Inc82028K200CL B CONV219,319$6.55M<0.1%–
RBARB Global Inc.COM14,955$840.3K<0.1%History
FMSFresenius Medical Care AGSPONSORED ADR14,345$305.0K<0.1%History
BNYBank of New York Mellon CorpStock5,264$239.2K<0.1%History
WCNWaste Connections, Inc.COM1,452$201.8K<0.1%History