Jarislowsky, Fraser Ltd
- SEC CIK
- 0001123778
- Latest filing
- Oct 21, 2025
Holdings changes from Q1 2025 to Q2 2025
Long positions only; new, added, reduced and sold out are based on share counts. Pick any two quarters this institution filed.
- New
- 6
- Est. +$6.61M
- Added
- 52
- Est. +$541.7M
- Reduced
- 95
- Est. −$607.0M
- Sold out
- 3
- Est. −$1.42M
Portfolio value went from $16.0B to $17.5B (+$1.55B (+9.7%)); positions from 185 to 188 (+3).
All Q2 2025 holdingsAll Q1 2025 holdings
In the shares, value and % of portfolio columns, the top figure is Q2 2025 and the gray one below is Q1 2025. For stocks that split between the two quarters, Q1 2025 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 | AddedHistory | 9,241,7039,216,459 | +25,244+0.3% | $961.0M$896.8M | +$2.63M | 5.5%5.6% | −0.13 |
| BNBROOKFIELD Corp | ReducedHistory | 15,506,52815,845,435 | −338,907−2.1% | $957.8M$829.1M | −$20.9M | 5.5%5.2% | +0.28 |
| TDToronto Dominion Bank | ReducedHistory | 11,996,53112,127,589 | −131,058−1.1% | $880.6M$726.6M | −$9.62M | 5.0%4.6% | +0.48 |
| BMOBank of Montreal | ReducedHistory | 6,400,1796,549,559 | −149,380−2.3% | $707.8M$625.4M | −$16.5M | 4.0%3.9% | +0.12 |
| MSFTMicrosoft Corp | ReducedHistory | 1,397,5541,443,983 | −46,429−3.2% | $695.2M$542.1M | −$23.1M | 4.0%3.4% | +0.57 |
| CAECae Inc | ReducedHistory | 21,748,73623,187,828 | −1,439,092−6.2% | $636.1M$570.0M | −$42.1M | 3.6%3.6% | +0.06 |
| OTEXOpen Text Corp | AddedHistory | 21,032,71820,626,538 | +406,180+2.0% | $613.3M$520.5M | +$11.8M | 3.5%3.3% | +0.24 |
| TRIThomson Reuters Corp | ReducedHistory | 3,010,7603,266,594 | −255,834−7.8% | $604.2M$563.6M | −$51.3M | 3.5%3.5% | −0.08 |
| SHOPShopify Inc. | AddedHistory | 5,082,9793,999,810 | +1,083,169+27.1% | $585.1M$380.5M | +$124.7M | 3.3%2.4% | +0.96 |
| TRPTC Energy Corp | ReducedHistory | 11,244,35411,500,319 | −255,965−2.2% | $547.8M$543.0M | −$12.5M | 3.1%3.4% | −0.27 |
| STNStantec Inc | ReducedHistory | 4,964,0665,640,466 | −676,400−12.0% | $539.0M$467.5M | −$73.4M | 3.1%2.9% | +0.15 |
| FNVFranco Nevada Corp | ReducedHistory | 2,797,0102,864,793 | −67,783−2.4% | $458.3M$450.5M | −$11.1M | 2.6%2.8% | −0.21 |
| GIBCgi Inc | ReducedHistory | 4,218,2444,263,945 | −45,701−1.1% | $442.1M$425.6M | −$4.79M | 2.5%2.7% | −0.14 |
| AMZNAmazon Com Inc | AddedHistory | 2,011,4811,966,455 | +45,026+2.3% | $441.3M$374.1M | +$9.88M | 2.5%2.3% | +0.18 |
| GILGildan Activewear Inc. | AddedHistory | 7,412,2066,963,062 | +449,144+6.5% | $364.5M$307.8M | +$22.1M | 2.1%1.9% | +0.15 |
| CIGIColliers International Group Inc. | AddedHistory | 2,532,8362,002,583 | +530,253+26.5% | $330.7M$242.3M | +$69.2M | 1.9%1.5% | +0.37 |
| MAMastercard Inc | ReducedHistory | 562,749568,326 | −5,577−1.0% | $316.2M$311.5M | −$3.13M | 1.8%2.0% | −0.15 |
| ORCLOracle Corp | AddedHistory | 1,427,0231,359,011 | +68,012+5.0% | $312.0M$190.0M | +$14.9M | 1.8%1.2% | +0.59 |
| ABTAbbott Laboratories | AddedHistory | 2,195,8292,169,717 | +26,112+1.2% | $298.7M$287.8M | +$3.55M | 1.7%1.8% | −0.10 |
| TFIITFI International Inc. | AddedHistory | 3,304,0332,172,019 | +1,132,014+52.1% | $296.0M$168.1M | +$101.4M | 1.7%1.1% | +0.64 |
| JPMJPMorgan Chase & Co | ReducedHistory | 926,080946,315 | −20,235−2.1% | $268.5M$232.1M | −$5.87M | 1.5%1.5% | +0.08 |
| DSGXDescartes Systems Group Inc | ReducedHistory | 2,604,8472,649,759 | −44,912−1.7% | $264.1M$266.7M | −$4.55M | 1.5%1.7% | −0.16 |
| RYRoyal Bank of Canada | ReducedHistory | 1,983,3041,997,039 | −13,735−0.7% | $260.9M$224.9M | −$1.81M | 1.5%1.4% | +0.08 |
| BSXBoston Scientific Corp | ReducedHistory | 2,268,9732,271,539 | −2,566−0.1% | $243.7M$229.2M | −$275.6K | 1.4%1.4% | −0.04 |
| FISVFiserv Inc | AddedHistory | 1,382,9121,228,210 | +154,702+12.6% | $238.4M$271.2M | +$26.7M | 1.4%1.7% | −0.34 |
| IBKRInteractive Brokers Group, Inc. | ReducedConverted for a 4-for-1 splitHistory | 4,216,7014,274,688 | −57,987−1.4% | $233.6M$177.0M | −$3.21M | 1.3%1.1% | +0.23 |
| QSRRestaurant Brands International Inc. | ReducedHistory | 3,411,3376,225,039 | −2,813,702−45.2% | $225.8M$414.9M | −$186.3M | 1.3%2.6% | −1.31 |
| GOOGLAlphabet Inc. | AddedHistory | 1,215,4821,207,355 | +8,127+0.7% | $214.2M$186.7M | +$1.43M | 1.2%1.2% | +0.05 |
| UNHUnitedHealth Group Inc | AddedHistory | 669,494595,533 | +73,961+12.4% | $208.9M$311.9M | +$23.1M | 1.2%2.0% | −0.76 |
| GOOGAlphabet Inc. | ReducedHistory | 1,144,1981,159,336 | −15,138−1.3% | $203.0M$181.1M | −$2.69M | 1.2%1.1% | +0.02 |
| PEPPepsiCo Inc | AddedHistory | 1,300,1281,299,004 | +1,124+0.1% | $171.7M$194.8M | +$148.4K | 1.0%1.2% | −0.24 |
| TSMTaiwan Semiconductor Manufacturing Co Ltd | AddedHistory | 740,709502,410 | +238,299+47.4% | $167.8M$83.4M | +$54.0M | 1.0%0.5% | +0.44 |
| ACNAccenture plc | AddedHistory | 553,027537,486 | +15,541+2.9% | $165.3M$167.7M | +$4.65M | 0.9%1.1% | −0.11 |
| BDXBecton Dickinson & Co | AddedHistory | 941,803825,613 | +116,190+14.1% | $162.2M$189.1M | +$20.0M | 0.9%1.2% | −0.26 |
| CPRTCopart Inc | ReducedHistory | 3,194,7143,781,000 | −586,286−15.5% | $156.8M$214.0M | −$28.8M | 0.9%1.3% | −0.45 |
| HDBHDFC Bank Ltd | AddedHistory | 1,815,4481,768,877 | +46,571+2.6% | $139.2M$117.5M | +$3.57M | 0.8%0.7% | +0.06 |
| METAMeta Platforms, Inc. | ReducedHistory | 172,946175,985 | −3,039−1.7% | $127.6M$101.4M | −$2.24M | 0.7%0.6% | +0.09 |
| IQVIQVIA Holdings Inc. | AddedHistory | 793,023708,480 | +84,543+11.9% | $125.0M$124.9M | +$13.3M | 0.7%0.8% | −0.07 |
| SHWSherwin Williams Co | AddedHistory | 356,345355,922 | +423+0.1% | $122.4M$124.3M | +$145.2K | 0.7%0.8% | −0.08 |
| AVGOBroadcom Inc. | ReducedHistory | 424,414439,542 | −15,128−3.4% | $117.0M$73.6M | −$4.17M | 0.7%0.5% | +0.21 |
| AMEAmetek Inc | AddedHistory | 624,414623,309 | +1,105+0.2% | $113.0M$107.3M | +$200.0K | 0.6%0.7% | −0.03 |
| DHRDanaher Corp | AddedHistory | 566,066561,918 | +4,148+0.7% | $111.8M$115.2M | +$819.4K | 0.6%0.7% | −0.08 |
| BRK.BBerkshire Hathaway Inc | ReducedHistory | 227,734231,154 | −3,420−1.5% | $110.6M$123.1M | −$1.66M | 0.6%0.8% | −0.14 |
| TJXTJX Companies Inc | AddedHistory | 894,104891,802 | +2,302+0.3% | $110.4M$108.6M | +$284.3K | 0.6%0.7% | −0.05 |
| MFCManulife Financial Corp | ReducedHistory | 3,380,9673,444,720 | −63,753−1.9% | $107.9M$107.3M | −$2.03M | 0.6%0.7% | −0.06 |
| ADSKAutodesk, Inc. | ReducedHistory | 342,031413,038 | −71,007−17.2% | $105.9M$108.1M | −$22.0M | 0.6%0.7% | −0.07 |
| GWREGuidewire Software, Inc. | ReducedHistory | 445,232451,560 | −6,328−1.4% | $104.8M$84.6M | −$1.49M | 0.6%0.5% | +0.07 |
| MDLZMondelez International, Inc. | AddedHistory | 1,424,9451,412,490 | +12,455+0.9% | $96.1M$95.8M | +$840.0K | 0.5%0.6% | −0.05 |
| CDNSCadence Design Systems Inc | AddedHistory | 306,107296,137 | +9,970+3.4% | $94.3M$75.3M | +$3.07M | 0.5%0.5% | +0.07 |
| OZKBank OZK | AddedHistory | 1,802,1991,799,390 | +2,809+0.2% | $84.8M$78.2M | +$132.2K | 0.5%0.5% | −0.01 |
| CBChubb Ltd | ReducedHistory | 286,876290,438 | −3,562−1.2% | $83.1M$87.7M | −$1.03M | 0.5%0.5% | −0.07 |
| ENBEnbridge Inc | ReducedHistory | 1,720,8931,753,081 | −32,188−1.8% | $77.9M$77.6M | −$1.46M | 0.4%0.5% | −0.04 |
| BNSBank of Nova Scotia | ReducedHistory | 1,363,3671,973,640 | −610,273−30.9% | $75.2M$93.6M | −$33.7M | 0.4%0.6% | −0.16 |
| JNJJohnson & Johnson | ReducedHistory | 472,846478,573 | −5,727−1.2% | $72.2M$79.4M | −$874.8K | 0.4%0.5% | −0.08 |
| MNSTMonster Beverage Corp | AddedHistory | 1,089,7201,082,329 | +7,391+0.7% | $68.3M$63.3M | +$463.0K | 0.4%0.4% | −0.01 |
| PGProcter & Gamble Co | ReducedHistory | 421,922424,738 | −2,816−0.7% | $67.2M$72.4M | −$448.6K | 0.4%0.5% | −0.07 |
| RELXRELX PLC | ReducedHistory | 1,149,1771,166,822 | −17,645−1.5% | $62.4M$58.8M | −$958.8K | 0.4%0.4% | −0.01 |
| Cyberark Software LtdM2682V108 | Added– | 153,324142,749 | +10,575+7.4% | $62.4M$48.2M | +$4.30M | 0.4%0.3% | +0.05 |
| DEODiageo PLC | ReducedHistory | 603,410608,843 | −5,433−0.9% | $60.8M$63.8M | −$547.9K | 0.3%0.4% | −0.05 |
| SITESiteOne Landscape Supply, Inc. | ReducedHistory | 421,067507,192 | −86,125−17.0% | $50.9M$61.6M | −$10.4M | 0.3%0.4% | −0.10 |
| ASMLASML Holding NV | AddedHistory | 62,54460,401 | +2,143+3.5% | $50.1M$40.0M | +$1.72M | 0.3%0.3% | +0.04 |
| CMECME Group Inc. | ReducedHistory | 179,009201,612 | −22,603−11.2% | $49.3M$53.5M | −$6.23M | 0.3%0.3% | −0.05 |
| AFGAmerican Financial Group Inc | AddedHistory | 373,366368,823 | +4,543+1.2% | $47.1M$48.4M | +$573.4K | 0.3%0.3% | −0.03 |
| COSTCostco Wholesale Corp | ReducedHistory | 46,61847,404 | −786−1.7% | $46.1M$44.8M | −$778.1K | 0.3%0.3% | −0.02 |
| SAPSAP SE | AddedHistory | 144,581121,414 | +23,167+19.1% | $44.0M$32.6M | +$7.05M | 0.3%0.2% | +0.05 |
| PEGPublic Service Enterprise Group Inc | ReducedHistory | 495,057529,213 | −34,156−6.5% | $41.7M$43.6M | −$2.88M | 0.2%0.3% | −0.03 |
| CLColgate Palmolive Co | ReducedHistory | 448,102452,965 | −4,863−1.1% | $40.7M$42.4M | −$442.0K | 0.2%0.3% | −0.03 |
| ULUnilever PLC | ReducedHistory | 656,322657,459 | −1,137−0.2% | $40.1M$39.2M | −$69.6K | 0.2%0.2% | −0.02 |
| CACCCredit Acceptance Corp | AddedHistory | 70,47969,632 | +847+1.2% | $35.9M$36.0M | +$431.5K | 0.2%0.2% | −0.02 |
| SPYSPDR S&P 500 ETF Trust | AddedHistory | 50,79844,233 | +6,565+14.8% | $31.4M$24.7M | +$4.06M | 0.2%0.2% | +0.02 |
| VRSKVerisk Analytics, Inc. | ReducedHistory | 98,038102,471 | −4,433−4.3% | $30.5M$30.5M | −$1.38M | 0.2%0.2% | −0.02 |
| AXAxos Financial, Inc. | AddedHistory | 386,660383,295 | +3,365+0.9% | $29.4M$24.7M | +$255.9K | 0.2%0.2% | +0.01 |
| PGRProgressive Corp | AddedHistory | 92,16291,212 | +950+1.0% | $24.6M$25.8M | +$253.5K | 0.1%0.2% | −0.02 |
| SFBSServisFirst Bancshares, Inc. | AddedHistory | 306,182302,146 | +4,036+1.3% | $23.7M$25.0M | +$312.8K | 0.1%0.2% | −0.02 |
| LCIILci Industries | AddedHistory | 239,243229,547 | +9,696+4.2% | $21.8M$20.1M | +$884.2K | 0.1%0.1% | 0.00 |
| ALCAlcon Inc | ReducedHistory | 234,542235,401 | −859−0.4% | $20.7M$22.3M | −$75.8K | 0.1%0.1% | −0.02 |
| ADPAutomatic Data Processing Inc | ReducedHistory | 61,67264,409 | −2,737−4.2% | $19.0M$19.7M | −$844.1K | 0.1%0.1% | −0.01 |
| PBAPembina Pipeline Corp | ReducedHistory | 441,843454,099 | −12,256−2.7% | $16.6M$18.2M | −$459.3K | 0.1%0.1% | −0.02 |
| ABBVAbbVie Inc. | ReducedHistory | 88,78392,293 | −3,510−3.8% | $16.5M$19.3M | −$651.5K | 0.1%0.1% | −0.03 |
| MELIMercadolibre Inc | AddedHistory | 6,1476,109 | +38+0.6% | $16.1M$11.9M | +$99.3K | 0.1%0.1% | +0.02 |
| LLYEli Lilly & Co | ReducedHistory | 20,54721,922 | −1,375−6.3% | $16.0M$18.1M | −$1.07M | 0.1%0.1% | −0.02 |
| XOMExxonMobil Holdings Corp | ReducedHistory | 144,227146,147 | −1,920−1.3% | $15.5M$17.4M | −$207.0K | 0.1%0.1% | −0.02 |
| SESea Ltd | ReducedHistory | 89,48089,783 | −303−0.3% | $14.3M$11.7M | −$48.5K | 0.1%0.1% | +0.01 |
| ZTSZoetis Inc. | ReducedHistory | 83,42284,535 | −1,113−1.3% | $13.0M$13.9M | −$173.6K | 0.1%0.1% | −0.01 |
| TFPMTriple Flag Precious Metals Corp. | ReducedHistory | 526,223547,632 | −21,409−3.9% | $12.5M$10.5M | −$506.6K | 0.1%0.1% | +0.01 |
| ATSATS Corp | AddedHistory | 379,208137,520 | +241,688+175.7% | $12.1M$3.43M | +$7.69M | 0.1%<0.1% | +0.05 |
| AAPLApple Inc. | ReducedHistory | 52,38852,800 | −412−0.8% | $10.7M$11.7M | −$84.5K | 0.1%0.1% | −0.01 |
| NTRNutrien Ltd. | ReducedHistory | 183,571195,221 | −11,650−6.0% | $10.7M$9.69M | −$677.5K | 0.1%0.1% | 0.00 |
| TUTelus Corp | AddedHistory | 654,773646,809 | +7,964+1.2% | $10.5M$9.28M | +$127.6K | 0.1%0.1% | 0.00 |
| BAPCredicorp Ltd | ReducedHistory | 46,64046,660 | −200.0% | $10.4M$8.69M | −$4.47K | 0.1%0.1% | +0.01 |
| TCOMTrip.com Group Ltd | ReducedHistory | 171,123171,272 | −149−0.1% | $10.0M$10.9M | −$8.74K | 0.1%0.1% | −0.01 |
| BKNGBooking Holdings Inc. | ReducedHistory | 1,7101,830 | −120−6.6% | $9.90M$8.43M | −$694.7K | 0.1%0.1% | 0.00 |
| NUNu Holdings Ltd. | ReducedHistory | 649,240665,211 | −15,971−2.4% | $8.91M$6.81M | −$219.1K | 0.1%<0.1% | +0.01 |
| HLNHaleon plc | AddedHistory | 730,102705,398 | +24,704+3.5% | $7.57M$7.26M | +$256.2K | <0.1%<0.1% | 0.00 |
| CMCSAComcast Corp | ReducedHistory | 195,736200,236 | −4,500−2.2% | $6.99M$7.39M | −$160.6K | <0.1%<0.1% | −0.01 |
| iShares Tr464288646 | –– | –– | – | $6.80M$6.57M | – | <0.1%<0.1% | 0.00 |
| XPXP Inc. | AddedHistory | 325,157322,352 | +2,805+0.9% | $6.57M$4.43M | +$56.7K | <0.1%<0.1% | +0.01 |
| NVSNovartis AG | ReducedHistory | 53,44754,147 | −700−1.3% | $6.47M$6.04M | −$84.7K | <0.1%<0.1% | 0.00 |
| EMREmerson Electric Co | UnchangedHistory | 45,46045,460 | 00.0% | $6.06M$4.98M | $0 | <0.1%<0.1% | 0.00 |
| FMXMexican Economic Development Inc | ReducedHistory | 56,45656,533 | −77−0.1% | $5.81M$5.52M | −$7.93K | <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.