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Jarislowsky, Fraser Ltd

SEC CIK
0001123778
Latest filing
Oct 21, 2025

Holdings in Q1 2025

Holdings as of Mar 31, 2025, filed May 12, 2025. Long positions only; changes compare share counts with Q4 2024.

Institution overview
Positions
185
−4 vs. Q4 2024
Portfolio value
$16.0B
−$1.14B (−6.7%) vs. Q4 2024
Filed
May 12, 2025
SEC
Holdings of Jarislowsky, Fraser Ltd in Q1 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
CNICanadian National Railway CoStock9,216,459$896.8M5.6%+57,384+0.6%AddedHistory
BNBROOKFIELD CorpCL A LTD VT SH15,845,435$829.1M5.2%−2,452,461−13.4%ReducedHistory
TDToronto Dominion BankStock12,127,589$726.6M4.6%+10,655,514+723.8%AddedHistory
BMOBank of MontrealCOM6,549,559$625.4M3.9%−162,214−2.4%ReducedHistory
CAECae IncCOM23,187,828$570.0M3.6%−806,263−3.4%ReducedHistory
TRIThomson Reuters CorpCOM NO PAR3,266,594$563.6M3.5%−86,834−2.6%ReducedHistory
TRPTC Energy CorpCOM11,500,319$543.0M3.4%−297,060−2.5%ReducedHistory
MSFTMicrosoft CorpStock1,443,983$542.1M3.4%+72,329+5.3%AddedHistory
OTEXOpen Text CorpCOM20,626,538$520.5M3.3%+2,079,282+11.2%AddedHistory
STNStantec IncCOM5,640,466$467.5M2.9%+642,620+12.9%AddedHistory
FNVFranco Nevada CorpStock2,864,793$450.5M2.8%−355,193−11.0%ReducedHistory
GIBCgi IncCL A4,263,945$425.6M2.7%−77,230−1.8%ReducedHistory
QSRRestaurant Brands International Inc.COM6,225,039$414.9M2.6%−105,865−1.7%ReducedHistory
SHOPShopify Inc.Stock3,999,810$380.5M2.4%−116,205−2.8%ReducedHistory
AMZNAmazon Com IncStock1,966,455$374.1M2.3%−42,930−2.1%ReducedHistory
UNHUnitedHealth Group IncStock595,533$311.9M2.0%−12,049−2.0%ReducedHistory
MAMastercard IncStock568,326$311.5M2.0%−42,636−7.0%ReducedHistory
GILGildan Activewear Inc.Stock6,963,062$307.8M1.9%−1,810,024−20.6%ReducedHistory
ABTAbbott LaboratoriesStock2,169,717$287.8M1.8%−92,674−4.1%ReducedHistory
FISVFiserv IncStock1,228,210$271.2M1.7%−130,672−9.6%ReducedHistory
DSGXDescartes Systems Group IncCOM2,649,759$266.7M1.7%−56,273−2.1%ReducedHistory
CIGIColliers International Group Inc.SUB VTG SHS2,002,583$242.3M1.5%−41,975−2.1%ReducedHistory
JPMJPMorgan Chase & CoStock946,315$232.1M1.5%−25,808−2.7%ReducedHistory
BSXBoston Scientific CorpStock2,271,539$229.2M1.4%−247,733−9.8%ReducedHistory
RYRoyal Bank of CanadaStock1,997,039$224.9M1.4%−22,720−1.1%ReducedHistory
CPRTCopart IncCOM3,781,000$214.0M1.3%−84,070−2.2%ReducedHistory
PEPPepsiCo IncStock1,299,004$194.8M1.2%−54,626−4.0%ReducedHistory
ORCLOracle CorpStock1,359,011$190.0M1.2%−32,110−2.3%ReducedHistory
BDXBecton Dickinson & CoStock825,613$189.1M1.2%−37,223−4.3%ReducedHistory
GOOGLAlphabet Inc.Stock1,207,355$186.7M1.2%−142,318−10.5%ReducedHistory
GOOGAlphabet Inc.Stock1,159,336$181.1M1.1%−84,174−6.8%ReducedHistory
IBKRInteractive Brokers Group, Inc.Stock1,068,672$177.0M1.1%−170,852−13.8%ReducedHistory
TFIITFI International Inc.COM2,172,019$168.1M1.1%+2,172,019NewHistory
ACNAccenture plcStock537,486$167.7M1.1%−5,410−1.0%ReducedHistory
IQVIQVIA Holdings Inc.Stock708,480$124.9M0.8%−11,394−1.6%ReducedHistory
SHWSherwin Williams CoCOM355,922$124.3M0.8%−9,400−2.6%ReducedHistory
BRK.BBerkshire Hathaway IncStock231,154$123.1M0.8%−1,808−0.8%ReducedHistory
HDBHDFC Bank LtdSPONSORED ADS1,768,877$117.5M0.7%+70,865+4.2%AddedHistory
DHRDanaher CorpStock561,918$115.2M0.7%−8,405−1.5%ReducedHistory
TJXTJX Companies IncStock891,802$108.6M0.7%−40,386−4.3%ReducedHistory
ADSKAutodesk, Inc.COM413,038$108.1M0.7%−1,082−0.3%ReducedHistory
MFCManulife Financial CorpCOM3,444,720$107.3M0.7%−12,716,259−78.7%ReducedHistory
AMEAmetek IncCOM623,309$107.3M0.7%−6,457−1.0%ReducedHistory
METAMeta Platforms, Inc.Stock175,985$101.4M0.6%−6,238−3.4%ReducedHistory
MDLZMondelez International, Inc.Stock1,412,490$95.8M0.6%+120,929+9.4%AddedHistory
BNSBank of Nova ScotiaCOM1,973,640$93.6M0.6%−9,777,294−83.2%ReducedHistory
CBChubb LtdStock290,438$87.7M0.5%−166,094−36.4%ReducedHistory
GWREGuidewire Software, Inc.COM451,560$84.6M0.5%−83,055−15.5%ReducedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR502,410$83.4M0.5%+258,452+105.9%AddedHistory
JNJJohnson & JohnsonStock478,573$79.4M0.5%−10,000−2.0%ReducedHistory
OZKBank OZKCOM1,799,390$78.2M0.5%−55,495−3.0%ReducedHistory
ENBEnbridge IncStock1,753,081$77.6M0.5%−38,895−2.2%ReducedHistory
CDNSCadence Design Systems IncStock296,137$75.3M0.5%+11,667+4.1%AddedHistory
AVGOBroadcom Inc.Stock439,542$73.6M0.5%+437,542+21,877.1%AddedHistory
PGProcter & Gamble CoStock424,738$72.4M0.5%−4,536−1.1%ReducedHistory
DEODiageo PLCSPON ADR NEW608,843$63.8M0.4%−14,691−2.4%ReducedHistory
MNSTMonster Beverage CorpCOM1,082,329$63.3M0.4%−31,978−2.9%ReducedHistory
SITESiteOne Landscape Supply, Inc.COM507,192$61.6M0.4%−9,827−1.9%ReducedHistory
RELXRELX PLCSPONSORED ADR1,166,822$58.8M0.4%−35,931−3.0%ReducedHistory
CMECME Group Inc.COM201,612$53.5M0.3%−22,267−9.9%ReducedHistory
AFGAmerican Financial Group IncCOM368,823$48.4M0.3%−18,150−4.7%ReducedHistory
Cyberark Software LtdM2682V108SHS142,749$48.2M0.3%+2,096+1.5%Added–
COSTCostco Wholesale CorpStock47,404$44.8M0.3%−3,382−6.7%ReducedHistory
PEGPublic Service Enterprise Group IncCOM529,213$43.6M0.3%−12,294−2.3%ReducedHistory
CLColgate Palmolive CoStock452,965$42.4M0.3%−12,425−2.7%ReducedHistory
ASMLASML Holding NVADR60,401$40.0M0.3%+1,758+3.0%AddedHistory
ULUnilever PLCSPON ADR NEW657,459$39.2M0.2%−6,635−1.0%ReducedHistory
CACCCredit Acceptance CorpCOM69,632$36.0M0.2%−3,503−4.8%ReducedHistory
SAPSAP SEADR121,414$32.6M0.2%−4,206−3.3%ReducedHistory
VRSKVerisk Analytics, Inc.COM102,471$30.5M0.2%−11,620−10.2%ReducedHistory
PGRProgressive CorpStock91,212$25.8M0.2%−4,644−4.8%ReducedHistory
SFBSServisFirst Bancshares, Inc.COM302,146$25.0M0.2%−14,529−4.6%ReducedHistory
SPYSPDR S&P 500 ETF TrustETF44,233$24.7M0.2%+1,970+4.7%AddedHistory
AXAxos Financial, Inc.COM383,295$24.7M0.2%−21,644−5.3%ReducedHistory
ALCAlcon IncStock235,401$22.3M0.1%−2,681−1.1%ReducedHistory
LCIILci IndustriesCOM229,547$20.1M0.1%−9,908−4.1%ReducedHistory
ADPAutomatic Data Processing IncStock64,409$19.7M0.1%−2,155−3.2%ReducedHistory
ABBVAbbVie Inc.Stock92,293$19.3M0.1%−6,935−7.0%ReducedHistory
PBAPembina Pipeline CorpCOM454,099$18.2M0.1%−2,530−0.6%ReducedHistory
LLYEli Lilly & CoStock21,922$18.1M0.1%−840−3.7%ReducedHistory
XOMExxonMobil Holdings CorpCOM146,147$17.4M0.1%−21,564−12.9%ReducedHistory
ZTSZoetis Inc.Stock84,535$13.9M0.1%−1,179−1.4%ReducedHistory
MELIMercadolibre IncCOM6,109$11.9M0.1%+2,860+88.0%AddedHistory
AAPLApple Inc.Stock52,800$11.7M0.1%+97+0.2%AddedHistory
SESea LtdSPONSORD ADS89,783$11.7M0.1%+17,500+24.2%AddedHistory
TCOMTrip.com Group LtdADS171,272$10.9M0.1%+35,050+25.7%AddedHistory
TFPMTriple Flag Precious Metals Corp.Stock547,632$10.5M0.1%−22,551−4.0%ReducedHistory
NTRNutrien Ltd.COM195,221$9.69M0.1%−10,363−5.0%ReducedHistory
TUTelus CorpCOM646,809$9.28M0.1%−81,859−11.2%ReducedHistory
BAPCredicorp LtdCOM46,660$8.69M0.1%+8,109+21.0%AddedHistory
BKNGBooking Holdings Inc.Stock1,830$8.43M0.1%−33−1.8%ReducedHistory
CMCSAComcast CorpStock200,236$7.39M<0.1%−23,965−10.7%ReducedHistory
HLNHaleon plcADR705,398$7.26M<0.1%+8,290+1.2%AddedHistory
NUNu Holdings Ltd.ORD SHS CL A665,211$6.81M<0.1%+110,480+19.9%AddedHistory
YUMCYum China Holdings, Inc.COM126,479$6.58M<0.1%−1,220−1.0%ReducedHistory
iShares Tr464288646ISHS 1-5YR INVS–$6.57M<0.1%–––
NVSNovartis AGADR54,147$6.04M<0.1%+655+1.2%AddedHistory
CVXChevron CorpStock34,438$5.76M<0.1%+21+0.1%AddedHistory
INFYInfosys LtdSPONSORED ADR312,001$5.69M<0.1%+44,700+16.7%AddedHistory
NVONovo Nordisk A SADR80,373$5.58M<0.1%+2,932+3.8%AddedHistory

Sold out since Q4 2024 (7)

Positions held at the end of Q4 2024 that are gone from this filing.

Positions of Jarislowsky, Fraser Ltd sold out since Q4 2024
SecurityClassShares in Q4 2024Value in Q4 2024% of portfolio in Q4 2024History
ELEstee Lauder Companies IncCL A395,444$29.7M0.2%History
DOOBRP Inc.COM SUN VTG41,521$2.11M<0.1%History
BIPBrookfield Infrastructure Partners L.P.LP INT UNIT12,097$384.2K<0.1%History
APDAir Products & Chemicals, Inc.Stock1,000$290.0K<0.1%History
SOBOSouth Bow CorpCOM11,044$260.5K<0.1%History
PHParker-Hannifin CorpStock366$232.8K<0.1%History
BAMBrookfield Asset Management Ltd.CL A LMT VTG SHS3,879$210.3K<0.1%History