Jarislowsky, Fraser Ltd
- SEC CIK
- 0001123778
- Latest filing
- Oct 21, 2025
Holdings changes from Q1 2023 to Q2 2023
Long positions only; new, added, reduced and sold out are based on share counts. Pick any two quarters this institution filed.
- New
- 6
- Est. +$670.2M
- Added
- 29
- Est. +$422.5M
- Reduced
- 134
- Est. −$937.6M
- Sold out
- 7
- Est. −$741.2M
Portfolio value went from $16.2B to $16.8B (+$587.3M (+3.6%)); positions from 198 to 197 (−1).
All Q2 2023 holdingsAll Q1 2023 holdings
In the shares, value and % of portfolio columns, the top figure is Q2 2023 and the gray one below is Q1 2023. For stocks that split between the two quarters, Q1 2023 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 | 9,248,5509,556,511 | −307,961−3.2% | $1.12B$1.13B | −$37.3M | 6.7%6.9% | −0.27 |
| BNBROOKFIELD Corp | AddedHistory | 23,288,25721,170,729 | +2,117,528+10.0% | $784.9M$688.8M | +$71.4M | 4.7%4.2% | +0.42 |
| OTEXOpen Text Corp | ReducedHistory | 16,141,19116,804,467 | −663,276−3.9% | $672.1M$647.3M | −$27.6M | 4.0%4.0% | +0.01 |
| TRIThomson Reuters Corp | NewHistory | 4,927,0180 | +4,927,018 | $666.0M$0 | +$666.0M | 4.0%0.0% | +3.96 |
| BNSBank of Nova Scotia | ReducedHistory | 12,826,02413,428,850 | −602,826−4.5% | $642.4M$675.4M | −$30.2M | 3.8%4.2% | −0.34 |
| GIBCgi Inc | ReducedHistory | 5,731,5826,706,286 | −974,704−14.5% | $605.1M$645.4M | −$102.9M | 3.6%4.0% | −0.38 |
| SHOPShopify Inc. | ReducedHistory | 9,298,23310,318,555 | −1,020,322−9.9% | $601.6M$494.1M | −$66.0M | 3.6%3.0% | +0.53 |
| MSFTMicrosoft Corp | ReducedHistory | 1,755,0111,947,252 | −192,241−9.9% | $597.7M$563.3M | −$65.5M | 3.6%3.5% | +0.08 |
| QSRRestaurant Brands International Inc. | ReducedHistory | 7,397,6197,746,940 | −349,321−4.5% | $574.2M$519.4M | −$27.1M | 3.4%3.2% | +0.21 |
| TRPTC Energy Corp | AddedHistory | 13,588,54412,387,569 | +1,200,975+9.7% | $549.8M$481.2M | +$48.6M | 3.3%3.0% | +0.30 |
| STNStantec Inc | ReducedHistory | 7,604,3178,603,988 | −999,671−11.6% | $497.0M$502.3M | −$65.3M | 3.0%3.1% | −0.14 |
| FNVFranco Nevada Corp | ReducedHistory | 2,984,6343,125,949 | −141,315−4.5% | $425.9M$455.3M | −$20.2M | 2.5%2.8% | −0.27 |
| MFCManulife Financial Corp | ReducedHistory | 22,055,65423,376,295 | −1,320,641−5.6% | $417.4M$428.4M | −$25.0M | 2.5%2.6% | −0.16 |
| MGAMagna International Inc | ReducedHistory | 7,363,9107,690,099 | −326,189−4.2% | $416.2M$411.3M | −$18.4M | 2.5%2.5% | −0.06 |
| GILGildan Activewear Inc. | ReducedHistory | 12,644,68913,182,717 | −538,028−4.1% | $408.1M$437.4M | −$17.4M | 2.4%2.7% | −0.27 |
| DSGXDescartes Systems Group Inc | ReducedHistory | 4,466,3464,685,998 | −219,652−4.7% | $358.2M$377.7M | −$17.6M | 2.1%2.3% | −0.20 |
| AMZNAmazon Com Inc | ReducedHistory | 2,560,2812,814,882 | −254,601−9.0% | $333.8M$290.7M | −$33.2M | 2.0%1.8% | +0.19 |
| UNHUnitedHealth Group Inc | AddedHistory | 671,865662,414 | +9,451+1.4% | $322.9M$313.1M | +$4.54M | 1.9%1.9% | −0.01 |
| CAECae Inc | ReducedHistory | 13,535,55114,111,076 | −575,525−4.1% | $303.3M$318.6M | −$12.9M | 1.8%2.0% | −0.16 |
| MAMastercard Inc | ReducedHistory | 706,516722,860 | −16,344−2.3% | $277.9M$262.7M | −$6.43M | 1.7%1.6% | +0.03 |
| ABTAbbott Laboratories | ReducedHistory | 2,198,1922,258,191 | −59,999−2.7% | $239.6M$228.7M | −$6.54M | 1.4%1.4% | +0.02 |
| PEPPepsiCo Inc | AddedHistory | 1,284,4321,111,941 | +172,491+15.5% | $237.9M$202.7M | +$31.9M | 1.4%1.2% | +0.17 |
| CIGIColliers International Group Inc. | AddedHistory | 2,398,1782,093,112 | +305,066+14.6% | $235.6M$220.6M | +$30.0M | 1.4%1.4% | +0.04 |
| FISVFiserv Inc | ReducedHistory | 1,854,8472,017,811 | −162,964−8.1% | $234.0M$228.1M | −$20.6M | 1.4%1.4% | −0.01 |
| BDXBecton Dickinson & Co | AddedHistory | 885,445858,688 | +26,757+3.1% | $233.8M$212.6M | +$7.06M | 1.4%1.3% | +0.08 |
| GOOGLAlphabet Inc. | ReducedHistory | 1,871,0581,893,063 | −22,005−1.2% | $224.0M$196.4M | −$2.63M | 1.3%1.2% | +0.12 |
| RYRoyal Bank of Canada | ReducedHistory | 2,269,0002,294,906 | −25,906−1.1% | $216.9M$219.2M | −$2.48M | 1.3%1.4% | −0.06 |
| CPRTCopart Inc | ReducedHistory | 2,324,1182,493,105 | −168,987−6.8% | $212.0M$187.5M | −$15.4M | 1.3%1.2% | +0.11 |
| GOOGAlphabet Inc. | ReducedHistory | 1,743,7341,856,520 | −112,786−6.1% | $210.9M$193.1M | −$13.6M | 1.3%1.2% | +0.06 |
| ORCLOracle Corp | ReducedHistory | 1,689,8381,793,513 | −103,675−5.8% | $201.2M$166.7M | −$12.3M | 1.2%1.0% | +0.17 |
| IQVIQVIA Holdings Inc. | AddedHistory | 801,250724,092 | +77,158+10.7% | $180.1M$144.0M | +$17.3M | 1.1%0.9% | +0.18 |
| IBKRInteractive Brokers Group, Inc. | AddedHistory | 2,143,4052,132,919 | +10,486+0.5% | $178.1M$176.1M | +$871.1K | 1.1%1.1% | −0.03 |
| BSXBoston Scientific Corp | ReducedHistory | 3,131,1183,251,345 | −120,227−3.7% | $169.4M$162.7M | −$6.50M | 1.0%1.0% | 0.00 |
| JPMJPMorgan Chase & Co | ReducedHistory | 1,157,2711,168,767 | −11,496−1.0% | $168.3M$152.3M | −$1.67M | 1.0%0.9% | +0.06 |
| ACNAccenture plc | AddedHistory | 484,6644,415 | +480,249+10,877.7% | $149.6M$1.26M | +$148.2M | 0.9%<0.1% | +0.88 |
| CBChubb Ltd | AddedHistory | 687,657625,558 | +62,099+9.9% | $132.4M$121.5M | +$12.0M | 0.8%0.7% | +0.04 |
| DEODiageo PLC | AddedHistory | 725,513722,460 | +3,053+0.4% | $125.9M$130.9M | +$529.6K | 0.7%0.8% | −0.06 |
| TDToronto Dominion Bank | ReducedHistory | 1,972,0832,040,434 | −68,351−3.3% | $122.4M$122.0M | −$4.24M | 0.7%0.8% | −0.02 |
| DHRDanaher Corp | AddedHistory | 507,290396,048 | +111,242+28.1% | $121.7M$99.8M | +$26.7M | 0.7%0.6% | +0.11 |
| JNJJohnson & Johnson | ReducedHistory | 699,367706,607 | −7,240−1.0% | $115.8M$109.5M | −$1.20M | 0.7%0.7% | +0.01 |
| SHWSherwin Williams Co | ReducedHistory | 426,041428,845 | −2,804−0.7% | $113.1M$96.4M | −$744.5K | 0.7%0.6% | +0.08 |
| AMEAmetek Inc | ReducedHistory | 681,636688,306 | −6,670−1.0% | $110.3M$100.0M | −$1.08M | 0.7%0.6% | +0.04 |
| ENBEnbridge Inc | ReducedHistory | 2,895,0282,953,186 | −58,158−2.0% | $107.7M$112.4M | −$2.16M | 0.6%0.7% | −0.05 |
| BKNGBooking Holdings Inc. | ReducedHistory | 38,91945,612 | −6,693−14.7% | $105.1M$121.0M | −$18.1M | 0.6%0.7% | −0.12 |
| HDBHDFC Bank Ltd | AddedHistory | 1,477,7691,468,013 | +9,756+0.7% | $103.0M$97.9M | +$680.0K | 0.6%0.6% | +0.01 |
| PGProcter & Gamble Co | ReducedHistory | 674,663691,752 | −17,089−2.5% | $102.4M$102.9M | −$2.59M | 0.6%0.6% | −0.03 |
| Abcam PLC000380204 | Reduced– | 4,071,0864,177,645 | −106,559−2.6% | $99.6M$56.2M | −$2.61M | 0.6%0.3% | +0.25 |
| TJXTJX Companies Inc | ReducedHistory | 1,105,9061,144,542 | −38,636−3.4% | $93.8M$89.7M | −$3.28M | 0.6%0.6% | 0.00 |
| BRK.BBerkshire Hathaway Inc | ReducedHistory | 273,868274,488 | −620−0.2% | $93.4M$84.8M | −$211.4K | 0.6%0.5% | +0.03 |
| MDLZMondelez International, Inc. | AddedHistory | 1,251,7001,242,161 | +9,539+0.8% | $91.3M$86.6M | +$695.8K | 0.5%0.5% | +0.01 |
| METAMeta Platforms, Inc. | ReducedHistory | 279,179668,340 | −389,161−58.2% | $80.1M$141.6M | −$111.7M | 0.5%0.9% | −0.40 |
| LCIILci Industries | ReducedHistory | 616,472628,655 | −12,183−1.9% | $77.9M$69.1M | −$1.54M | 0.5%0.4% | +0.04 |
| GWREGuidewire Software, Inc. | ReducedHistory | 995,4941,578,845 | −583,351−36.9% | $75.7M$129.5M | −$44.4M | 0.5%0.8% | −0.35 |
| OZKBank OZK | ReducedHistory | 1,751,6751,790,084 | −38,409−2.1% | $70.3M$61.2M | −$1.54M | 0.4%0.4% | +0.04 |
| MNSTMonster Beverage Corp | ReducedHistory | 1,140,4741,343,933 | −203,459−15.1% | $65.5M$72.6M | −$11.7M | 0.4%0.4% | −0.06 |
| VRSKVerisk Analytics, Inc. | ReducedHistory | 275,397354,046 | −78,649−22.2% | $62.2M$67.9M | −$17.8M | 0.4%0.4% | −0.05 |
| CLColgate Palmolive Co | ReducedHistory | 692,474723,856 | −31,382−4.3% | $53.3M$54.4M | −$2.42M | 0.3%0.3% | −0.02 |
| AFGAmerican Financial Group Inc | AddedHistory | 407,058364,756 | +42,302+11.6% | $48.3M$44.3M | +$5.02M | 0.3%0.3% | +0.01 |
| BERYBerry Global Group, Inc. | AddedHistory | 741,047725,975 | +15,072+2.1% | $47.7M$42.8M | +$969.7K | 0.3%0.3% | +0.02 |
| RELXRELX PLC | ReducedHistory | 1,338,6231,386,230 | −47,607−3.4% | $44.8M$45.0M | −$1.59M | 0.3%0.3% | −0.01 |
| Cyberark Software LtdM2682V108 | Reduced– | 253,013255,434 | −2,421−0.9% | $39.6M$37.8M | −$378.5K | 0.2%0.2% | 0.00 |
| COSTCostco Wholesale Corp | ReducedHistory | 71,90875,559 | −3,651−4.8% | $38.7M$37.5M | −$1.97M | 0.2%0.2% | 0.00 |
| TSMTaiwan Semiconductor Manufacturing Co Ltd | ReducedHistory | 351,861354,943 | −3,082−0.9% | $35.5M$33.0M | −$311.0K | 0.2%0.2% | +0.01 |
| AXAxos Financial, Inc. | ReducedHistory | 848,595866,507 | −17,912−2.1% | $33.5M$32.0M | −$706.4K | 0.2%0.2% | 0.00 |
| CACCCredit Acceptance Corp | AddedHistory | 63,88539,309 | +24,576+62.5% | $32.4M$17.1M | +$12.5M | 0.2%0.1% | +0.09 |
| ULUnilever PLC | AddedHistory | 606,395594,757 | +11,638+2.0% | $31.6M$30.9M | +$606.7K | 0.2%0.2% | 0.00 |
| XOMExxonMobil Holdings Corp | ReducedHistory | 292,740295,809 | −3,069−1.0% | $31.4M$32.4M | −$329.2K | 0.2%0.2% | −0.01 |
| BMOBank of Montreal | AddedHistory | 319,292315,909 | +3,383+1.1% | $28.9M$28.1M | +$305.9K | 0.2%0.2% | 0.00 |
| ADPAutomatic Data Processing Inc | ReducedHistory | 116,943123,242 | −6,299−5.1% | $25.7M$27.4M | −$1.38M | 0.2%0.2% | −0.02 |
| SAPSAP SE | ReducedHistory | 184,054199,858 | −15,804−7.9% | $25.2M$25.3M | −$2.16M | 0.1%0.2% | −0.01 |
| PGRProgressive Corp | ReducedHistory | 173,684177,201 | −3,517−2.0% | $23.0M$25.4M | −$465.5K | 0.1%0.2% | −0.02 |
| CMCSAComcast Corp | ReducedHistory | 522,845621,234 | −98,389−15.8% | $21.7M$23.6M | −$4.09M | 0.1%0.1% | −0.02 |
| TUTelus Corp | AddedHistory | 1,097,6441,004,875 | +92,769+9.2% | $21.4M$19.9M | +$1.81M | 0.1%0.1% | 0.00 |
| ASMLASML Holding NV | ReducedHistory | 29,37029,979 | −609−2.0% | $21.3M$20.4M | −$441.4K | 0.1%0.1% | 0.00 |
| NTRNutrien Ltd. | ReducedHistory | 358,812407,470 | −48,658−11.9% | $21.2M$30.1M | −$2.88M | 0.1%0.2% | −0.06 |
| SPYSPDR S&P 500 ETF Trust | ReducedHistory | 46,38946,601 | −212−0.5% | $20.6M$19.1M | −$94.0K | 0.1%0.1% | 0.00 |
| ZTSZoetis Inc. | ReducedHistory | 118,501122,146 | −3,645−3.0% | $20.4M$20.3M | −$627.7K | 0.1%0.1% | 0.00 |
| LLYEli Lilly & Co | ReducedHistory | 41,69659,463 | −17,767−29.9% | $19.6M$20.4M | −$8.33M | 0.1%0.1% | −0.01 |
| ALCAlcon Inc | ReducedHistory | 236,619254,637 | −18,018−7.1% | $19.4M$18.0M | −$1.48M | 0.1%0.1% | 0.00 |
| ABBVAbbVie Inc. | ReducedHistory | 143,418146,385 | −2,967−2.0% | $19.3M$23.3M | −$399.7K | 0.1%0.1% | −0.03 |
| PBAPembina Pipeline Corp | ReducedHistory | 590,316601,441 | −11,125−1.8% | $18.6M$19.5M | −$350.2K | 0.1%0.1% | −0.01 |
| CVXChevron Corp | ReducedHistory | 85,02587,086 | −2,061−2.4% | $13.4M$14.2M | −$324.3K | 0.1%0.1% | −0.01 |
| SLFSun Life Financial Inc | ReducedHistory | 237,402260,372 | −22,970−8.8% | $12.4M$12.1M | −$1.20M | 0.1%0.1% | 0.00 |
| AAPLApple Inc. | ReducedHistory | 62,07064,340 | −2,270−3.5% | $12.0M$10.6M | −$440.3K | 0.1%0.1% | +0.01 |
| BCEBce Inc | AddedHistory | 251,805243,136 | +8,669+3.6% | $11.5M$10.9M | +$395.7K | 0.1%0.1% | 0.00 |
| PFEPfizer Inc | ReducedHistory | 304,965338,157 | −33,192−9.8% | $11.2M$13.8M | −$1.22M | 0.1%0.1% | −0.02 |
| SFBSServisFirst Bancshares, Inc. | ReducedHistory | 270,947276,980 | −6,033−2.2% | $11.1M$15.1M | −$246.9K | 0.1%0.1% | −0.03 |
| NVONovo Nordisk A S | ReducedHistory | 67,83169,631 | −1,800−2.6% | $11.0M$11.1M | −$291.3K | 0.1%0.1% | 0.00 |
| KMBKimberly Clark Corp | ReducedHistory | 67,98570,770 | −2,785−3.9% | $9.39M$9.50M | −$384.5K | 0.1%0.1% | 0.00 |
| FMXMexican Economic Development Inc | AddedHistory | 77,12275,412 | +1,710+2.3% | $8.55M$7.18M | +$189.5K | 0.1%<0.1% | +0.01 |
| NKENIKE, Inc. | ReducedHistory | 76,40679,116 | −2,710−3.4% | $8.43M$9.70M | −$299.1K | 0.1%0.1% | −0.01 |
| MMM3M Co | ReducedHistory | 83,243100,698 | −17,455−17.3% | $8.33M$10.6M | −$1.75M | <0.1%0.1% | −0.02 |
| XPXP Inc. | UnchangedHistory | 338,888338,888 | 00.0% | $7.95M$4.02M | $0 | <0.1%<0.1% | +0.02 |
| EMREmerson Electric Co | ReducedHistory | 86,77087,225 | −455−0.5% | $7.84M$7.60M | −$41.1K | <0.1%<0.1% | 0.00 |
| CVSCVS Health Corp | ReducedHistory | 112,259119,684 | −7,425−6.2% | $7.76M$8.89M | −$513.3K | <0.1%0.1% | −0.01 |
| NVSNovartis AG | ReducedHistory | 72,36380,829 | −8,466−10.5% | $7.30M$7.44M | −$854.3K | <0.1%<0.1% | 0.00 |
| KOCoca Cola Co | ReducedHistory | 117,608118,673 | −1,065−0.9% | $7.08M$7.36M | −$64.1K | <0.1%<0.1% | 0.00 |
| TCOMTrip.com Group Ltd | UnchangedHistory | 196,947196,947 | 00.0% | $6.89M$7.42M | $0 | <0.1%<0.1% | 0.00 |
| YUMCYum China Holdings, Inc. | ReducedHistory | 121,658122,358 | −700−0.6% | $6.87M$7.76M | −$39.5K | <0.1%<0.1% | −0.01 |
| WFCWells Fargo & Company | ReducedHistory | 136,081149,081 | −13,000−8.7% | $5.81M$5.57M | −$554.8K | <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.