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Jarislowsky, Fraser Ltd

SEC CIK
0001123778
Latest filing
Oct 21, 2025

Holdings in Q3 2023

Holdings as of Sep 30, 2023, filed Sep 30, 2024. Long positions only; changes compare share counts with Q2 2023.

Institution overview
Positions
188
−9 vs. Q2 2023
Portfolio value
$15.4B
−$1.44B (−8.5%) vs. Q2 2023
Filed
Sep 30, 2024
AmendedSEC
Holdings of Jarislowsky, Fraser Ltd in Q3 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
CNICanadian National Railway CoStock9,095,233$989.5M6.4%−153,317−1.7%ReducedHistory
BNBROOKFIELD CorpCL A LTD VT SH23,070,178$724.7M4.7%−218,079−0.9%ReducedHistory
BNSBank of Nova ScotiaCOM12,621,147$568.3M3.7%−204,877−1.6%ReducedHistory
OTEXOpen Text CorpCOM15,912,205$561.0M3.6%−228,986−1.4%ReducedHistory
GIBCgi IncCL A5,632,071$557.7M3.6%−99,511−1.7%ReducedHistory
TRIThomson Reuters CorpCOM NO PAR4,457,650$547.8M3.6%−469,368−9.5%ReducedHistory
MSFTMicrosoft CorpStock1,715,549$541.7M3.5%−39,462−2.2%ReducedHistory
QSRRestaurant Brands International Inc.COM7,282,882$487.2M3.2%−114,737−1.6%ReducedHistory
STNStantec IncCOM7,474,570$487.2M3.2%−129,747−1.7%ReducedHistory
TRPTC Energy CorpCOM13,604,261$470.0M3.1%+15,717+0.1%AddedHistory
SHOPShopify Inc.Stock7,681,571$421.2M2.7%−1,616,662−17.4%ReducedHistory
MFCManulife Financial CorpCOM21,651,465$397.5M2.6%−404,189−1.8%ReducedHistory
FNVFranco Nevada CorpStock2,936,530$393.8M2.6%−48,104−1.6%ReducedHistory
MGAMagna International IncCOM7,248,394$390.2M2.5%−115,516−1.6%ReducedHistory
GILGildan Activewear Inc.Stock12,456,811$350.8M2.3%−187,878−1.5%ReducedHistory
UNHUnitedHealth Group IncStock661,907$333.7M2.2%−9,958−1.5%ReducedHistory
DSGXDescartes Systems Group IncCOM4,454,474$328.5M2.1%−11,872−0.3%ReducedHistory
AMZNAmazon Com IncStock2,564,949$326.1M2.1%+4,668+0.2%AddedHistory
CAECae IncCOM13,491,024$316.4M2.1%−44,527−0.3%ReducedHistory
MAMastercard IncStock699,205$276.8M1.8%−7,311−1.0%ReducedHistory
GOOGLAlphabet Inc.Stock1,808,678$236.7M1.5%−62,380−3.3%ReducedHistory
BDXBecton Dickinson & CoStock877,874$227.0M1.5%−7,571−0.9%ReducedHistory
CIGIColliers International Group Inc.SUB VTG SHS2,363,027$226.1M1.5%−35,151−1.5%ReducedHistory
PEPPepsiCo IncStock1,281,111$217.1M1.4%−3,321−0.3%ReducedHistory
GOOGAlphabet Inc.Stock1,643,019$216.6M1.4%−100,715−5.8%ReducedHistory
ABTAbbott LaboratoriesStock2,180,892$211.2M1.4%−17,300−0.8%ReducedHistory
FISVFiserv IncStock1,831,663$206.9M1.3%−23,184−1.2%ReducedHistory
RYRoyal Bank of CanadaStock2,261,954$198.6M1.3%−7,046−0.3%ReducedHistory
CPRTCopart IncCOM4,603,650$198.4M1.3%−44,586−1.0%ReducedConverted for a 2-for-1 splitHistory
ORCLOracle CorpStock1,680,963$178.0M1.2%−8,875−0.5%ReducedHistory
JPMJPMorgan Chase & CoStock1,148,530$166.6M1.1%−8,741−0.8%ReducedHistory
BSXBoston Scientific CorpStock3,084,845$162.9M1.1%−46,273−1.5%ReducedHistory
IBKRInteractive Brokers Group, Inc.Stock1,828,073$158.2M1.0%−315,332−14.7%ReducedHistory
IQVIQVIA Holdings Inc.Stock795,001$156.4M1.0%−6,249−0.8%ReducedHistory
ACNAccenture plcStock500,199$153.6M1.0%+15,535+3.2%AddedHistory
CBChubb LtdStock691,341$143.9M0.9%+3,684+0.5%AddedHistory
DHRDanaher CorpStock516,950$128.3M0.8%+9,660+1.9%AddedHistory
TDToronto Dominion BankStock1,931,881$116.9M0.8%−40,202−2.0%ReducedHistory
SHWSherwin Williams CoCOM423,458$108.0M0.7%−2,583−0.6%ReducedHistory
DEODiageo PLCSPON ADR NEW722,672$107.8M0.7%−2,841−0.4%ReducedHistory
JNJJohnson & JohnsonStock688,919$107.3M0.7%−10,448−1.5%ReducedHistory
BKNGBooking Holdings Inc.Stock34,694$107.0M0.7%−4,225−10.9%ReducedHistory
AMEAmetek IncCOM679,251$100.4M0.7%−2,385−0.3%ReducedHistory
PGProcter & Gamble CoStock660,963$96.4M0.6%−13,700−2.0%ReducedHistory
BRK.BBerkshire Hathaway IncStock273,463$95.8M0.6%−405−0.1%ReducedHistory
ENBEnbridge IncStock2,874,036$95.8M0.6%−20,992−0.7%ReducedHistory
TJXTJX Companies IncStock1,052,831$93.6M0.6%−53,075−4.8%ReducedHistory
MDLZMondelez International, Inc.Stock1,260,925$87.5M0.6%+9,225+0.7%AddedHistory
HDBHDFC Bank LtdSPONSORED ADS1,463,391$86.4M0.6%−14,378−1.0%ReducedHistory
GWREGuidewire Software, Inc.COM953,032$85.8M0.6%−42,462−4.3%ReducedHistory
METAMeta Platforms, Inc.Stock240,727$72.3M0.5%−38,452−13.8%ReducedHistory
LCIILci IndustriesCOM589,608$69.2M0.5%−26,864−4.4%ReducedHistory
OZKBank OZKCOM1,725,516$64.0M0.4%−26,159−1.5%ReducedHistory
MNSTMonster Beverage CorpCOM1,129,636$59.8M0.4%−10,838−1.0%ReducedHistory
VRSKVerisk Analytics, Inc.COM251,504$59.4M0.4%−23,893−8.7%ReducedHistory
AFGAmerican Financial Group IncCOM518,138$57.9M0.4%+111,080+27.3%AddedHistory
CLColgate Palmolive CoStock668,278$47.5M0.3%−24,196−3.5%ReducedHistory
BERYBerry Global Group, Inc.COM738,996$45.8M0.3%−2,051−0.3%ReducedHistory
RELXRELX PLCSPONSORED ADR1,319,993$44.5M0.3%−18,630−1.4%ReducedHistory
Cyberark Software LtdM2682V108SHS252,285$41.3M0.3%−728−0.3%Reduced–
ELEstee Lauder Companies IncCL A277,643$40.1M0.3%+277,643NewHistory
COSTCostco Wholesale CorpStock70,685$39.9M0.3%−1,223−1.7%ReducedHistory
XOMExxonMobil Holdings CorpCOM287,931$33.9M0.2%−4,809−1.6%ReducedHistory
AXAxos Financial, Inc.COM844,358$32.0M0.2%−4,237−0.5%ReducedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR349,636$30.4M0.2%−2,225−0.6%ReducedHistory
CMECME Group Inc.COM148,247$29.7M0.2%+148,247NewHistory
CACCCredit Acceptance CorpCOM63,650$29.3M0.2%−235−0.4%ReducedHistory
ULUnilever PLCSPON ADR NEW592,479$29.3M0.2%−13,916−2.3%ReducedHistory
BMOBank of MontrealCOM323,269$27.4M0.2%+3,977+1.2%AddedHistory
ADPAutomatic Data Processing IncStock113,667$27.3M0.2%−3,276−2.8%ReducedHistory
PGRProgressive CorpStock172,929$24.1M0.2%−755−0.4%ReducedHistory
SAPSAP SEADR176,884$22.9M0.1%−7,170−3.9%ReducedHistory
NTRNutrien Ltd.COM347,799$21.6M0.1%−11,013−3.1%ReducedHistory
ABBVAbbVie Inc.Stock143,085$21.3M0.1%−333−0.2%ReducedHistory
LLYEli Lilly & CoStock39,398$21.2M0.1%−2,298−5.5%ReducedHistory
CMCSAComcast CorpStock475,025$21.1M0.1%−47,820−9.1%ReducedHistory
ZTSZoetis Inc.Stock117,321$20.4M0.1%−1,180−1.0%ReducedHistory
SPYSPDR S&P 500 ETF TrustETF45,346$19.4M0.1%−1,043−2.2%ReducedHistory
ALCAlcon IncStock236,167$18.2M0.1%−452−0.2%ReducedHistory
TUTelus CorpCOM1,092,248$17.9M0.1%−5,396−0.5%ReducedHistory
PBAPembina Pipeline CorpCOM580,302$17.5M0.1%−10,014−1.7%ReducedHistory
ASMLASML Holding NVADR29,421$17.3M0.1%+51+0.2%AddedHistory
BCEBce IncCOM NEW395,210$15.2M0.1%+143,405+57.0%AddedHistory
SFBSServisFirst Bancshares, Inc.COM270,644$14.1M0.1%−303−0.1%ReducedHistory
CVXChevron CorpStock81,193$13.7M0.1%−3,832−4.5%ReducedHistory
NVONovo Nordisk A SADR133,282$12.1M0.1%−2,380−1.8%ReducedConverted for a 2-for-1 splitHistory
SLFSun Life Financial IncCOM235,058$11.5M0.1%−2,344−1.0%ReducedHistory
AAPLApple Inc.Stock61,291$10.5M0.1%−779−1.3%ReducedHistory
PFEPfizer IncStock273,002$9.06M0.1%−31,963−10.5%ReducedHistory
EMREmerson Electric CoStock85,260$8.23M0.1%−1,510−1.7%ReducedHistory
KMBKimberly Clark CorpStock66,725$8.06M0.1%−1,260−1.9%ReducedHistory
CVSCVS Health CorpStock110,214$7.70M0.1%−2,045−1.8%ReducedHistory
MMM3M CoStock79,083$7.40M<0.1%−4,160−5.0%ReducedHistory
FMXMexican Economic Development IncSPON ADR UNITS67,452$7.36M<0.1%−9,670−12.5%ReducedHistory
NKENIKE, Inc.Stock71,581$6.84M<0.1%−4,825−6.3%ReducedHistory
NVSNovartis AGADR67,039$6.83M<0.1%−5,324−7.4%ReducedHistory
YUMCYum China Holdings, Inc.COM121,568$6.77M<0.1%−90−0.1%ReducedHistory
KOCoca Cola CoStock116,321$6.51M<0.1%−1,287−1.1%ReducedHistory
XPXP Inc.CL A273,138$6.30M<0.1%−65,750−19.4%ReducedHistory
NUNu Holdings Ltd.ORD SHS CL A859,936$6.23M<0.1%+165,140+23.8%AddedHistory

Sold out since Q2 2023 (11)

Positions held at the end of Q2 2023 that are gone from this filing.

Positions of Jarislowsky, Fraser Ltd sold out since Q2 2023
SecurityClassShares in Q2 2023Value in Q2 2023% of portfolio in Q2 2023History
CTSHCognizant Technology Solutions CorpCL A16,431$1.07M<0.1%History
BABAAlibaba Group Holding LtdADR6,423$535.4K<0.1%History
BAXBaxter International IncStock10,669$486.1K<0.1%History
GSKGSK plcADR12,840$457.6K<0.1%History
MKLMarkel Group Inc.COM330$456.4K<0.1%History
KMXCarMax IncCOM3,190$267.0K<0.1%History
WBAWalgreens Boots Alliance, Inc.COM8,878$252.9K<0.1%History
BMYBristol Myers Squibb CoStock3,470$221.9K<0.1%History
UNPUnion Pacific CorpStock1,055$215.9K<0.1%History
TRVTravelers Companies, Inc.Stock1,165$202.3K<0.1%History
HLNHaleon plcADR12,800$107.3K<0.1%History