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Jarislowsky, Fraser Ltd

SEC CIK
0001123778
Latest filing
Oct 21, 2025

Holdings in Q1 2024

Holdings as of Mar 31, 2024, filed Sep 30, 2024. Long positions only; changes compare share counts with Q4 2023.

Institution overview
Positions
196
−25 vs. Q4 2023
Portfolio value
$17.4B
+$428.3M (+2.5%) vs. Q4 2023
Filed
Sep 30, 2024
AmendedSEC
Holdings of Jarislowsky, Fraser Ltd in Q1 2024
SecurityClassSharesValue% of portfolioShare changeActionHistory
CNICanadian National Railway CoStock8,511,212$1.12B6.4%−308,249−3.5%ReducedHistory
BNBROOKFIELD CorpCL A LTD VT SH21,667,121$907.5M5.2%−836,471−3.7%ReducedHistory
MSFTMicrosoft CorpStock1,570,363$660.7M3.8%−93,213−5.6%ReducedHistory
BNSBank of Nova ScotiaCOM12,741,121$659.7M3.8%−422,424−3.2%ReducedHistory
TRIThomson Reuters CorpCOM NO PAR3,724,155$580.1M3.3%−579,436−13.5%ReducedHistory
OTEXOpen Text CorpCOM14,934,688$580.1M3.3%−456,869−3.0%ReducedHistory
QSRRestaurant Brands International Inc.COM6,756,695$537.1M3.1%−285,300−4.1%ReducedHistory
GIBCgi IncCL A4,710,670$520.2M3.0%−636,654−11.9%ReducedHistory
TRPTC Energy CorpCOM12,759,331$513.3M2.9%−407,123−3.1%ReducedHistory
MFCManulife Financial CorpCOM19,983,130$499.6M2.9%−732,472−3.5%ReducedHistory
CAECae IncCOM21,964,698$454.0M2.6%+4,630,063+26.7%AddedHistory
STNStantec IncCOM5,445,228$452.5M2.6%−1,011,619−15.7%ReducedHistory
GILGildan Activewear Inc.Stock11,222,154$416.9M2.4%−660,646−5.6%ReducedHistory
FNVFranco Nevada CorpStock3,474,773$414.4M2.4%+29,925+0.9%AddedHistory
AMZNAmazon Com IncStock2,210,251$398.7M2.3%−132,242−5.6%ReducedHistory
BMOBank of MontrealCOM3,827,130$374.0M2.1%+3,512,716+1,117.2%AddedHistory
MGAMagna International IncCOM6,752,491$368.2M2.1%−214,341−3.1%ReducedHistory
UNHUnitedHealth Group IncStock655,100$324.1M1.9%+1,891+0.3%AddedHistory
MAMastercard IncStock670,944$323.1M1.9%−16,841−2.4%ReducedHistory
DSGXDescartes Systems Group IncCOM3,329,220$304.8M1.7%−1,006,030−23.2%ReducedHistory
SHOPShopify Inc.Stock3,770,182$291.1M1.7%−1,088,442−22.4%ReducedHistory
FISVFiserv IncStock1,747,209$279.2M1.6%−48,836−2.7%ReducedHistory
CIGIColliers International Group Inc.SUB VTG SHS2,215,765$271.1M1.6%−81,714−3.6%ReducedHistory
PEPPepsiCo IncStock1,451,736$254.1M1.5%+180,831+14.2%AddedHistory
CPRTCopart IncCOM4,345,695$251.7M1.4%−176,475−3.9%ReducedHistory
GOOGLAlphabet Inc.Stock1,664,883$251.3M1.4%−51,876−3.0%ReducedHistory
ABTAbbott LaboratoriesStock2,079,873$236.4M1.4%−42,532−2.0%ReducedHistory
RYRoyal Bank of CanadaStock2,235,429$225.7M1.3%−22,378−1.0%ReducedHistory
JPMJPMorgan Chase & CoStock1,109,524$222.2M1.3%−36,039−3.1%ReducedHistory
BDXBecton Dickinson & CoStock896,176$221.8M1.3%+31,414+3.6%AddedHistory
GOOGAlphabet Inc.Stock1,453,449$221.3M1.3%−65,792−4.3%ReducedHistory
ORCLOracle CorpStock1,658,230$208.3M1.2%−42,366−2.5%ReducedHistory
BSXBoston Scientific CorpStock2,962,910$202.9M1.2%−65,305−2.2%ReducedHistory
IQVIQVIA Holdings Inc.Stock757,397$191.5M1.1%−31,498−4.0%ReducedHistory
IBKRInteractive Brokers Group, Inc.Stock1,710,286$191.1M1.1%−101,518−5.6%ReducedHistory
CBChubb LtdStock713,854$185.0M1.1%+31,208+4.6%AddedHistory
ACNAccenture plcStock496,966$172.3M1.0%−974−0.2%ReducedHistory
DHRDanaher CorpStock578,039$144.3M0.8%+5,181+0.9%AddedHistory
SHWSherwin Williams CoCOM413,161$143.5M0.8%−12,165−2.9%ReducedHistory
AMEAmetek IncCOM659,935$120.7M0.7%−6,815−1.0%ReducedHistory
TDToronto Dominion BankStock1,838,726$111.1M0.6%−78,632−4.1%ReducedHistory
BRK.BBerkshire Hathaway IncStock257,522$108.3M0.6%−13,206−4.9%ReducedHistory
METAMeta Platforms, Inc.Stock222,128$107.9M0.6%−9,576−4.1%ReducedHistory
DEODiageo PLCSPON ADR NEW699,141$104.0M0.6%−20,923−2.9%ReducedHistory
JNJJohnson & JohnsonStock654,913$103.6M0.6%−27,110−4.0%ReducedHistory
TJXTJX Companies IncStock1,020,046$103.5M0.6%−28,019−2.7%ReducedHistory
PGProcter & Gamble CoStock622,835$101.1M0.6%−21,136−3.3%ReducedHistory
ENBEnbridge IncStock2,746,263$99.3M0.6%−56,261−2.0%ReducedHistory
GWREGuidewire Software, Inc.COM846,393$98.8M0.6%−17,779−2.1%ReducedHistory
HDBHDFC Bank LtdSPONSORED ADS1,640,649$91.8M0.5%+105,323+6.9%AddedHistory
MDLZMondelez International, Inc.Stock1,257,756$88.0M0.5%+1,141+0.1%AddedHistory
SITESiteOne Landscape Supply, Inc.COM434,813$75.9M0.4%+434,813NewHistory
ELEstee Lauder Companies IncCL A447,589$69.0M0.4%−8,574−1.9%ReducedHistory
OZKBank OZKCOM1,487,094$67.6M0.4%−120,351−7.5%ReducedHistory
AFGAmerican Financial Group IncCOM491,418$67.1M0.4%−13,329−2.6%ReducedHistory
LCIILci IndustriesCOM539,415$66.4M0.4%−11,285−2.0%ReducedHistory
MNSTMonster Beverage CorpCOM1,073,595$63.6M0.4%−29,579−2.7%ReducedHistory
ADSKAutodesk, Inc.COM232,115$60.4M0.3%−2,594−1.1%ReducedHistory
RELXRELX PLCSPONSORED ADR1,281,454$55.5M0.3%−33,129−2.5%ReducedHistory
CLColgate Palmolive CoStock589,084$53.0M0.3%−41,228−6.5%ReducedHistory
VRSKVerisk Analytics, Inc.COM207,012$48.8M0.3%−26,779−11.5%ReducedHistory
COSTCostco Wholesale CorpStock64,405$47.2M0.3%−4,338−6.3%ReducedHistory
PEGPublic Service Enterprise Group IncCOM682,055$45.5M0.3%+676,525+12,233.7%AddedHistory
Cyberark Software LtdM2682V108SHS151,038$40.1M0.2%−53,253−26.1%Reduced–
TSMTaiwan Semiconductor Manufacturing Co LtdADR290,390$39.5M0.2%−52,216−15.2%ReducedHistory
CACCCredit Acceptance CorpCOM69,669$38.4M0.2%−1,593−2.2%ReducedHistory
AXAxos Financial, Inc.COM651,835$35.2M0.2%−173,832−21.1%ReducedHistory
CMECME Group Inc.COM156,920$33.8M0.2%+3,050+2.0%AddedHistory
ULUnilever PLCSPON ADR NEW645,631$32.4M0.2%+20,442+3.3%AddedHistory
XOMExxonMobil Holdings CorpCOM276,772$32.2M0.2%−14,787−5.1%ReducedHistory
PGRProgressive CorpStock141,909$29.3M0.2%−3,287−2.3%ReducedHistory
SAPSAP SEADR147,336$28.7M0.2%−12,242−7.7%ReducedHistory
ADPAutomatic Data Processing IncStock106,094$26.5M0.2%−4,703−4.2%ReducedHistory
SFBSServisFirst Bancshares, Inc.COM398,340$26.4M0.2%+134,677+51.1%AddedHistory
ASMLASML Holding NVADR27,098$26.3M0.2%−1,114−3.9%ReducedHistory
LLYEli Lilly & CoStock31,667$24.6M0.1%−7,003−18.1%ReducedHistory
ABBVAbbVie Inc.Stock131,678$24.0M0.1%−11,954−8.3%ReducedHistory
SPYSPDR S&P 500 ETF TrustETF45,661$23.9M0.1%−745−1.6%ReducedHistory
BKNGBooking Holdings Inc.Stock5,704$20.7M0.1%−22,090−79.5%ReducedHistory
ALCAlcon IncStock234,786$19.6M0.1%−4,788−2.0%ReducedHistory
iShares Trust iShares 0-1 Year Treasury Bond ETF464288679ETF167,621$18.5M0.1%–––
CMCSAComcast CorpStock424,058$18.4M0.1%−31,330−6.9%ReducedHistory
PBAPembina Pipeline CorpCOM496,971$17.6M0.1%−8,513−1.7%ReducedHistory
ZTSZoetis Inc.Stock102,035$17.3M0.1%−9,311−8.4%ReducedHistory
TUTelus CorpCOM956,521$15.3M0.1%−118,547−11.0%ReducedHistory
NVONovo Nordisk A SADR119,052$15.3M0.1%−4,680−3.8%ReducedHistory
NTRNutrien Ltd.COM278,636$15.2M0.1%−62,108−18.2%ReducedHistory
SLFSun Life Financial IncCOM231,046$12.6M0.1%+190.0%AddedHistory
CVXChevron CorpStock70,991$11.2M0.1%−5,419−7.1%ReducedHistory
BCEBce IncCOM NEW294,459$10.0M0.1%−96,119−24.6%ReducedHistory
AAPLApple Inc.Stock56,906$9.75M0.1%−10,499−15.6%ReducedHistory
TFPMTriple Flag Precious Metals Corp.Stock628,068$9.08M0.1%+333,168+113.0%AddedHistory
NUNu Holdings Ltd.ORD SHS CL A723,126$8.63M<0.1%+6,410+0.9%AddedHistory
TCOMTrip.com Group LtdADS184,272$8.09M<0.1%00.0%UnchangedHistory
KMBKimberly Clark CorpStock59,155$7.65M<0.1%−3,870−6.1%ReducedHistory
CVSCVS Health CorpStock94,545$7.54M<0.1%−10,885−10.3%ReducedHistory
FMXMexican Economic Development IncSPON ADR UNITS57,047$7.43M<0.1%−3,660−6.0%ReducedHistory
XPXP Inc.CL A285,128$7.32M<0.1%+2,710+1.0%AddedHistory
EMREmerson Electric CoStock60,950$6.91M<0.1%−11,403−15.8%ReducedHistory
BAPCredicorp LtdCOM39,595$6.71M<0.1%+170+0.4%AddedHistory

Sold out since Q4 2023 (29)

Positions held at the end of Q4 2023 that are gone from this filing.

Positions of Jarislowsky, Fraser Ltd sold out since Q4 2023
SecurityClassShares in Q4 2023Value in Q4 2023% of portfolio in Q4 2023History
Vanguard Morningstar Total Stock Market ETF922908769ETF247,900$58.8M0.3%–
TECKTeck Resources LtdCL B28,574$1.21M<0.1%History
TMOThermo Fisher Scientific Inc.Stock2,077$1.10M<0.1%History
TELTE Connectivity plcREG SHS6,800$955.4K<0.1%History
CRMSalesforce, Inc.Stock3,600$947.3K<0.1%History
VZVerizon Communications IncStock24,490$923.3K<0.1%History
AMTAmerican Tower CorpREIT3,845$830.1K<0.1%History
INTUIntuit Inc.Stock1,311$819.4K<0.1%History
ELVElevance Health, Inc.Stock1,715$808.7K<0.1%History
MAAMid America Apartment Communities Inc.COM5,854$787.1K<0.1%History
ECLEcolab Inc.Stock3,900$773.6K<0.1%History
INTCIntel CorpStock15,242$765.9K<0.1%History
NEENextera Energy IncStock12,498$759.1K<0.1%History
BLKBlackRock, Inc.COM905$734.7K<0.1%History
RTXRTX CorpStock7,800$656.3K<0.1%History
FSVFirstService CorpCOM3,783$613.2K<0.1%History
AWKAmerican Water Works Company, Inc.Stock4,127$544.7K<0.1%History
IBNIcici Bank LtdADR20,810$496.1K<0.1%History
BXBlackstone Inc.COM3,648$477.6K<0.1%History
RSGRepublic Services, Inc.COM2,859$471.5K<0.1%History
Granite Real Estate Invt Tr387437114UNIT 99/99/99998,034$464.8K<0.1%–
ETNEaton Corp plcStock1,619$389.9K<0.1%History
AEPAmerican Electric Power Co IncStock4,545$369.1K<0.1%History
BUDAnheuser-Busch InBev SA/NVADR5,270$340.5K<0.1%History
TFCTruist Financial CorpCOM8,894$328.4K<0.1%History
KVUEKenvue Inc.Stock15,025$323.5K<0.1%History
HSBCHSBC Holdings PLCSPON ADR NEW5,425$219.9K<0.1%History
AEMAgnico Eagle Mines LtdStock3,740$206.1K<0.1%History
EXPDExpeditors International of Washington IncCOM1,580$201.0K<0.1%History