Jarislowsky, Fraser Ltd
- SEC CIK
- 0001123778
- Latest filing
- Oct 21, 2025
Holdings changes from Q2 2023 to Q3 2023
Long positions only; new, added, reduced and sold out are based on share counts. Pick any two quarters this institution filed.
- New
- 2
- Est. +$69.8M
- Added
- 23
- Est. +$32.1M
- Reduced
- 143
- Est. −$506.1M
- Sold out
- 11
- Est. −$4.28M
Portfolio value went from $16.8B to $15.4B (−$1.44B (−8.5%)); positions from 197 to 188 (−9).
All Q3 2023 holdingsAll Q2 2023 holdings
In the shares, value and % of portfolio columns, the top figure is Q3 2023 and the gray one below is Q2 2023. For stocks that split between the two quarters, Q2 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 | 9,095,2339,248,550 | −153,317−1.7% | $989.5M$1.12B | −$16.7M | 6.4%6.7% | −0.23 |
| BNBROOKFIELD Corp | ReducedHistory | 23,070,17823,288,257 | −218,079−0.9% | $724.7M$784.9M | −$6.85M | 4.7%4.7% | +0.04 |
| BNSBank of Nova Scotia | ReducedHistory | 12,621,14712,826,024 | −204,877−1.6% | $568.3M$642.4M | −$9.23M | 3.7%3.8% | −0.13 |
| OTEXOpen Text Corp | ReducedHistory | 15,912,20516,141,191 | −228,986−1.4% | $561.0M$672.1M | −$8.07M | 3.6%4.0% | −0.35 |
| GIBCgi Inc | ReducedHistory | 5,632,0715,731,582 | −99,511−1.7% | $557.7M$605.1M | −$9.85M | 3.6%3.6% | +0.03 |
| TRIThomson Reuters Corp | ReducedHistory | 4,457,6504,927,018 | −469,368−9.5% | $547.8M$666.0M | −$57.7M | 3.6%4.0% | −0.40 |
| MSFTMicrosoft Corp | ReducedHistory | 1,715,5491,755,011 | −39,462−2.2% | $541.7M$597.7M | −$12.5M | 3.5%3.6% | −0.03 |
| QSRRestaurant Brands International Inc. | ReducedHistory | 7,282,8827,397,619 | −114,737−1.6% | $487.2M$574.2M | −$7.68M | 3.2%3.4% | −0.25 |
| STNStantec Inc | ReducedHistory | 7,474,5707,604,317 | −129,747−1.7% | $487.2M$497.0M | −$8.46M | 3.2%3.0% | +0.21 |
| TRPTC Energy Corp | AddedHistory | 13,604,26113,588,544 | +15,717+0.1% | $470.0M$549.8M | +$543.0K | 3.1%3.3% | −0.21 |
| SHOPShopify Inc. | ReducedHistory | 7,681,5719,298,233 | −1,616,662−17.4% | $421.2M$601.6M | −$88.7M | 2.7%3.6% | −0.84 |
| MFCManulife Financial Corp | ReducedHistory | 21,651,46522,055,654 | −404,189−1.8% | $397.5M$417.4M | −$7.42M | 2.6%2.5% | +0.10 |
| FNVFranco Nevada Corp | ReducedHistory | 2,936,5302,984,634 | −48,104−1.6% | $393.8M$425.9M | −$6.45M | 2.6%2.5% | +0.03 |
| MGAMagna International Inc | ReducedHistory | 7,248,3947,363,910 | −115,516−1.6% | $390.2M$416.2M | −$6.22M | 2.5%2.5% | +0.06 |
| GILGildan Activewear Inc. | ReducedHistory | 12,456,81112,644,689 | −187,878−1.5% | $350.8M$408.1M | −$5.29M | 2.3%2.4% | −0.15 |
| UNHUnitedHealth Group Inc | ReducedHistory | 661,907671,865 | −9,958−1.5% | $333.7M$322.9M | −$5.02M | 2.2%1.9% | +0.25 |
| DSGXDescartes Systems Group Inc | ReducedHistory | 4,454,4744,466,346 | −11,872−0.3% | $328.5M$358.2M | −$875.4K | 2.1%2.1% | +0.01 |
| AMZNAmazon Com Inc | AddedHistory | 2,564,9492,560,281 | +4,668+0.2% | $326.1M$333.8M | +$593.4K | 2.1%2.0% | +0.14 |
| CAECae Inc | ReducedHistory | 13,491,02413,535,551 | −44,527−0.3% | $316.4M$303.3M | −$1.04M | 2.1%1.8% | +0.25 |
| MAMastercard Inc | ReducedHistory | 699,205706,516 | −7,311−1.0% | $276.8M$277.9M | −$2.89M | 1.8%1.7% | +0.15 |
| GOOGLAlphabet Inc. | ReducedHistory | 1,808,6781,871,058 | −62,380−3.3% | $236.7M$224.0M | −$8.16M | 1.5%1.3% | +0.21 |
| BDXBecton Dickinson & Co | ReducedHistory | 877,874885,445 | −7,571−0.9% | $227.0M$233.8M | −$1.96M | 1.5%1.4% | +0.09 |
| CIGIColliers International Group Inc. | ReducedHistory | 2,363,0272,398,178 | −35,151−1.5% | $226.1M$235.6M | −$3.36M | 1.5%1.4% | +0.07 |
| PEPPepsiCo Inc | ReducedHistory | 1,281,1111,284,432 | −3,321−0.3% | $217.1M$237.9M | −$562.7K | 1.4%1.4% | 0.00 |
| GOOGAlphabet Inc. | ReducedHistory | 1,643,0191,743,734 | −100,715−5.8% | $216.6M$210.9M | −$13.3M | 1.4%1.3% | +0.15 |
| ABTAbbott Laboratories | ReducedHistory | 2,180,8922,198,192 | −17,300−0.8% | $211.2M$239.6M | −$1.68M | 1.4%1.4% | −0.05 |
| FISVFiserv Inc | ReducedHistory | 1,831,6631,854,847 | −23,184−1.2% | $206.9M$234.0M | −$2.62M | 1.3%1.4% | −0.05 |
| RYRoyal Bank of Canada | ReducedHistory | 2,261,9542,269,000 | −7,046−0.3% | $198.6M$216.9M | −$618.6K | 1.3%1.3% | 0.00 |
| CPRTCopart Inc | ReducedConverted for a 2-for-1 splitHistory | 4,603,6504,648,236 | −44,586−1.0% | $198.4M$212.0M | −$1.92M | 1.3%1.3% | +0.03 |
| ORCLOracle Corp | ReducedHistory | 1,680,9631,689,838 | −8,875−0.5% | $178.0M$201.2M | −$940.0K | 1.2%1.2% | −0.04 |
| JPMJPMorgan Chase & Co | ReducedHistory | 1,148,5301,157,271 | −8,741−0.8% | $166.6M$168.3M | −$1.27M | 1.1%1.0% | +0.08 |
| BSXBoston Scientific Corp | ReducedHistory | 3,084,8453,131,118 | −46,273−1.5% | $162.9M$169.4M | −$2.44M | 1.1%1.0% | +0.05 |
| IBKRInteractive Brokers Group, Inc. | ReducedHistory | 1,828,0732,143,405 | −315,332−14.7% | $158.2M$178.1M | −$27.3M | 1.0%1.1% | −0.03 |
| IQVIQVIA Holdings Inc. | ReducedHistory | 795,001801,250 | −6,249−0.8% | $156.4M$180.1M | −$1.23M | 1.0%1.1% | −0.05 |
| ACNAccenture plc | AddedHistory | 500,199484,664 | +15,535+3.2% | $153.6M$149.6M | +$4.77M | 1.0%0.9% | +0.11 |
| CBChubb Ltd | AddedHistory | 691,341687,657 | +3,684+0.5% | $143.9M$132.4M | +$766.9K | 0.9%0.8% | +0.15 |
| DHRDanaher Corp | AddedHistory | 516,950507,290 | +9,660+1.9% | $128.3M$121.7M | +$2.40M | 0.8%0.7% | +0.11 |
| TDToronto Dominion Bank | ReducedHistory | 1,931,8811,972,083 | −40,202−2.0% | $116.9M$122.4M | −$2.43M | 0.8%0.7% | +0.03 |
| SHWSherwin Williams Co | ReducedHistory | 423,458426,041 | −2,583−0.6% | $108.0M$113.1M | −$658.8K | 0.7%0.7% | +0.03 |
| DEODiageo PLC | ReducedHistory | 722,672725,513 | −2,841−0.4% | $107.8M$125.9M | −$423.8K | 0.7%0.7% | −0.05 |
| JNJJohnson & Johnson | ReducedHistory | 688,919699,367 | −10,448−1.5% | $107.3M$115.8M | −$1.63M | 0.7%0.7% | +0.01 |
| BKNGBooking Holdings Inc. | ReducedHistory | 34,69438,919 | −4,225−10.9% | $107.0M$105.1M | −$13.0M | 0.7%0.6% | +0.07 |
| AMEAmetek Inc | ReducedHistory | 679,251681,636 | −2,385−0.3% | $100.4M$110.3M | −$352.4K | 0.7%0.7% | 0.00 |
| PGProcter & Gamble Co | ReducedHistory | 660,963674,663 | −13,700−2.0% | $96.4M$102.4M | −$2.00M | 0.6%0.6% | +0.02 |
| BRK.BBerkshire Hathaway Inc | ReducedHistory | 273,463273,868 | −405−0.1% | $95.8M$93.4M | −$141.9K | 0.6%0.6% | +0.07 |
| ENBEnbridge Inc | ReducedHistory | 2,874,0362,895,028 | −20,992−0.7% | $95.8M$107.7M | −$699.5K | 0.6%0.6% | −0.02 |
| TJXTJX Companies Inc | ReducedHistory | 1,052,8311,105,906 | −53,075−4.8% | $93.6M$93.8M | −$4.72M | 0.6%0.6% | +0.05 |
| MDLZMondelez International, Inc. | AddedHistory | 1,260,9251,251,700 | +9,225+0.7% | $87.5M$91.3M | +$640.2K | 0.6%0.5% | +0.03 |
| HDBHDFC Bank Ltd | ReducedHistory | 1,463,3911,477,769 | −14,378−1.0% | $86.4M$103.0M | −$848.4K | 0.6%0.6% | −0.05 |
| GWREGuidewire Software, Inc. | ReducedHistory | 953,032995,494 | −42,462−4.3% | $85.8M$75.7M | −$3.82M | 0.6%0.5% | +0.11 |
| METAMeta Platforms, Inc. | ReducedHistory | 240,727279,179 | −38,452−13.8% | $72.3M$80.1M | −$11.5M | 0.5%0.5% | −0.01 |
| LCIILci Industries | ReducedHistory | 589,608616,472 | −26,864−4.4% | $69.2M$77.9M | −$3.15M | 0.5%0.5% | −0.01 |
| OZKBank OZK | ReducedHistory | 1,725,5161,751,675 | −26,159−1.5% | $64.0M$70.3M | −$969.7K | 0.4%0.4% | 0.00 |
| MNSTMonster Beverage Corp | ReducedHistory | 1,129,6361,140,474 | −10,838−1.0% | $59.8M$65.5M | −$573.9K | 0.4%0.4% | 0.00 |
| VRSKVerisk Analytics, Inc. | ReducedHistory | 251,504275,397 | −23,893−8.7% | $59.4M$62.2M | −$5.64M | 0.4%0.4% | +0.02 |
| AFGAmerican Financial Group Inc | AddedHistory | 518,138407,058 | +111,080+27.3% | $57.9M$48.3M | +$12.4M | 0.4%0.3% | +0.09 |
| CLColgate Palmolive Co | ReducedHistory | 668,278692,474 | −24,196−3.5% | $47.5M$53.3M | −$1.72M | 0.3%0.3% | −0.01 |
| BERYBerry Global Group, Inc. | ReducedHistory | 738,996741,047 | −2,051−0.3% | $45.8M$47.7M | −$127.0K | 0.3%0.3% | +0.01 |
| RELXRELX PLC | ReducedHistory | 1,319,9931,338,623 | −18,630−1.4% | $44.5M$44.8M | −$627.8K | 0.3%0.3% | +0.02 |
| Cyberark Software LtdM2682V108 | Reduced– | 252,285253,013 | −728−0.3% | $41.3M$39.6M | −$119.2K | 0.3%0.2% | +0.03 |
| ELEstee Lauder Companies Inc | NewHistory | 277,6430 | +277,643 | $40.1M$0 | +$40.1M | 0.3%0.0% | +0.26 |
| COSTCostco Wholesale Corp | ReducedHistory | 70,68571,908 | −1,223−1.7% | $39.9M$38.7M | −$690.9K | 0.3%0.2% | +0.03 |
| XOMExxonMobil Holdings Corp | ReducedHistory | 287,931292,740 | −4,809−1.6% | $33.9M$31.4M | −$565.4K | 0.2%0.2% | +0.03 |
| AXAxos Financial, Inc. | ReducedHistory | 844,358848,595 | −4,237−0.5% | $32.0M$33.5M | −$160.4K | 0.2%0.2% | +0.01 |
| TSMTaiwan Semiconductor Manufacturing Co Ltd | ReducedHistory | 349,636351,861 | −2,225−0.6% | $30.4M$35.5M | −$193.4K | 0.2%0.2% | −0.01 |
| CMECME Group Inc. | NewHistory | 148,2470 | +148,247 | $29.7M$0 | +$29.7M | 0.2%0.0% | +0.19 |
| CACCCredit Acceptance Corp | ReducedHistory | 63,65063,885 | −235−0.4% | $29.3M$32.4M | −$108.1K | 0.2%0.2% | 0.00 |
| ULUnilever PLC | ReducedHistory | 592,479606,395 | −13,916−2.3% | $29.3M$31.6M | −$687.5K | 0.2%0.2% | 0.00 |
| BMOBank of Montreal | AddedHistory | 323,269319,292 | +3,977+1.2% | $27.4M$28.9M | +$337.0K | 0.2%0.2% | +0.01 |
| ADPAutomatic Data Processing Inc | ReducedHistory | 113,667116,943 | −3,276−2.8% | $27.3M$25.7M | −$788.1K | 0.2%0.2% | +0.02 |
| PGRProgressive Corp | ReducedHistory | 172,929173,684 | −755−0.4% | $24.1M$23.0M | −$105.2K | 0.2%0.1% | +0.02 |
| SAPSAP SE | ReducedHistory | 176,884184,054 | −7,170−3.9% | $22.9M$25.2M | −$927.2K | 0.1%0.1% | 0.00 |
| NTRNutrien Ltd. | ReducedHistory | 347,799358,812 | −11,013−3.1% | $21.6M$21.2M | −$683.3K | 0.1%0.1% | +0.01 |
| ABBVAbbVie Inc. | ReducedHistory | 143,085143,418 | −333−0.2% | $21.3M$19.3M | −$49.6K | 0.1%0.1% | +0.02 |
| LLYEli Lilly & Co | ReducedHistory | 39,39841,696 | −2,298−5.5% | $21.2M$19.6M | −$1.23M | 0.1%0.1% | +0.02 |
| CMCSAComcast Corp | ReducedHistory | 475,025522,845 | −47,820−9.1% | $21.1M$21.7M | −$2.12M | 0.1%0.1% | +0.01 |
| ZTSZoetis Inc. | ReducedHistory | 117,321118,501 | −1,180−1.0% | $20.4M$20.4M | −$205.3K | 0.1%0.1% | +0.01 |
| SPYSPDR S&P 500 ETF Trust | ReducedHistory | 45,34646,389 | −1,043−2.2% | $19.4M$20.6M | −$445.9K | 0.1%0.1% | 0.00 |
| ALCAlcon Inc | ReducedHistory | 236,167236,619 | −452−0.2% | $18.2M$19.4M | −$34.8K | 0.1%0.1% | 0.00 |
| TUTelus Corp | ReducedHistory | 1,092,2481,097,644 | −5,396−0.5% | $17.9M$21.4M | −$88.5K | 0.1%0.1% | −0.01 |
| PBAPembina Pipeline Corp | ReducedHistory | 580,302590,316 | −10,014−1.7% | $17.5M$18.6M | −$302.5K | 0.1%0.1% | 0.00 |
| ASMLASML Holding NV | AddedHistory | 29,42129,370 | +51+0.2% | $17.3M$21.3M | +$30.0K | 0.1%0.1% | −0.01 |
| BCEBce Inc | AddedHistory | 395,210251,805 | +143,405+57.0% | $15.2M$11.5M | +$5.50M | 0.1%0.1% | +0.03 |
| SFBSServisFirst Bancshares, Inc. | ReducedHistory | 270,644270,947 | −303−0.1% | $14.1M$11.1M | −$15.8K | 0.1%0.1% | +0.03 |
| CVXChevron Corp | ReducedHistory | 81,19385,025 | −3,832−4.5% | $13.7M$13.4M | −$646.2K | 0.1%0.1% | +0.01 |
| NVONovo Nordisk A S | ReducedConverted for a 2-for-1 splitHistory | 133,282135,662 | −2,380−1.8% | $12.1M$11.0M | −$216.4K | 0.1%0.1% | +0.01 |
| SLFSun Life Financial Inc | ReducedHistory | 235,058237,402 | −2,344−1.0% | $11.5M$12.4M | −$114.9K | 0.1%0.1% | 0.00 |
| AAPLApple Inc. | ReducedHistory | 61,29162,070 | −779−1.3% | $10.5M$12.0M | −$133.4K | 0.1%0.1% | 0.00 |
| PFEPfizer Inc | ReducedHistory | 273,002304,965 | −31,963−10.5% | $9.06M$11.2M | −$1.06M | 0.1%0.1% | −0.01 |
| EMREmerson Electric Co | ReducedHistory | 85,26086,770 | −1,510−1.7% | $8.23M$7.84M | −$145.8K | 0.1%<0.1% | +0.01 |
| KMBKimberly Clark Corp | ReducedHistory | 66,72567,985 | −1,260−1.9% | $8.06M$9.39M | −$152.3K | 0.1%0.1% | 0.00 |
| CVSCVS Health Corp | ReducedHistory | 110,214112,259 | −2,045−1.8% | $7.70M$7.76M | −$142.8K | 0.1%<0.1% | 0.00 |
| MMM3M Co | ReducedHistory | 79,08383,243 | −4,160−5.0% | $7.40M$8.33M | −$389.5K | <0.1%<0.1% | 0.00 |
| FMXMexican Economic Development Inc | ReducedHistory | 67,45277,122 | −9,670−12.5% | $7.36M$8.55M | −$1.06M | <0.1%0.1% | 0.00 |
| NKENIKE, Inc. | ReducedHistory | 71,58176,406 | −4,825−6.3% | $6.84M$8.43M | −$461.4K | <0.1%0.1% | −0.01 |
| NVSNovartis AG | ReducedHistory | 67,03972,363 | −5,324−7.4% | $6.83M$7.30M | −$542.3K | <0.1%<0.1% | 0.00 |
| YUMCYum China Holdings, Inc. | ReducedHistory | 121,568121,658 | −90−0.1% | $6.77M$6.87M | −$5.01K | <0.1%<0.1% | 0.00 |
| KOCoca Cola Co | ReducedHistory | 116,321117,608 | −1,287−1.1% | $6.51M$7.08M | −$72.0K | <0.1%<0.1% | 0.00 |
| XPXP Inc. | ReducedHistory | 273,138338,888 | −65,750−19.4% | $6.30M$7.95M | −$1.52M | <0.1%<0.1% | −0.01 |
| NUNu Holdings Ltd. | AddedHistory | 859,936694,796 | +165,140+23.8% | $6.23M$5.48M | +$1.20M | <0.1%<0.1% | +0.01 |
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.