Jarislowsky, Fraser Ltd Top Holdings and 13F Report (2025) About Jarislowsky, Fraser LtdInvestment ActivityJarislowsky, Fraser Ltd has $17.10 billion in total holdings as of December 31, 2024.Jarislowsky, Fraser Ltd owns shares of 189 different stocks, but just 34 companies or ETFs make up 80% of its holdings.Approximately 1.40% of the portfolio was purchased this quarter.About 6.05% of the portfolio was sold this quarter.This quarter, Jarislowsky, Fraser Ltd has purchased 189 new stocks and bought additional shares in 38 stocks.Jarislowsky, Fraser Ltd sold shares of 118 stocks and completely divested from 4 stocks this quarter.Largest Holdings Brookfield $1,051,155,894Canadian National Railway $926,572,567Bank of Montreal $651,250,119Bank of Nova Scotia $628,280,344CAE $606,696,746 Largest New Holdings this Quarter iShares 1-5 Year Investment Grade Corporate Bond ETF $2,934,336 HoldingiShares 5-10 Year Investment Grade Corporate Bond ETF $2,193,244 HoldingSouth Bow Corp $260,469 HoldingBrookfield Asset Management $210,267 Holding Largest Purchases this Quarter Open Text 1,957,695 shares (about $55.19M)CAE 1,702,904 shares (about $43.06M)Canadian National Railway 422,078 shares (about $42.70M)Bank of Montreal 426,442 shares (about $41.38M)ASML 29,912 shares (about $20.73M) Largest Sales this Quarter Shopify 1,833,209 shares (about $194.26M)Gildan Activewear 1,555,263 shares (about $72.90M)Brookfield 863,522 shares (about $49.61M)Fiserv 207,747 shares (about $42.68M)Alphabet 216,960 shares (about $40.47M) Sector Allocation Over TimeMap of 500 Largest Holdings ofJarislowsky, Fraser Ltd Selling Neutral Buying Latest 13F Holdings and Changes Since Previous Quarterly FilingIssuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSectorBNBrookfield$1,051,155,894$49,606,591 ▼-4.5%18,297,8966.1%FinanceCNICanadian National Railway$926,572,567$42,699,279 ▲4.8%9,159,0755.4%TransportationBMOBank of Montreal$651,250,119$41,378,098 ▲6.8%6,711,7733.8%FinanceBNSBank of Nova Scotia$628,280,344$34,288,709 ▼-5.2%11,750,9343.7%FinanceCAECAE$606,696,746$43,058,364 ▲7.6%23,994,0913.5%AerospaceMSFTMicrosoft$572,721,555$32,339,790 ▼-5.3%1,371,6543.3%Computer and TechnologyTRPTC Energy$549,510,616$20,989,914 ▼-3.7%11,797,3793.2%EnergyTRIThomson Reuters$536,661,906$27,486,449 ▼-4.9%3,353,4283.1%Business ServicesOTEXOpen Text$522,879,480$55,190,835 ▲11.8%18,547,2563.1%Computer and TechnologyMFCManulife Financial$494,659,582$17,481,576 ▼-3.4%16,160,9792.9%FinanceGIBCGI$473,203,771$19,795,711 ▼-4.0%4,341,1752.8%Computer and TechnologySHOPShopify$436,167,229$194,262,093 ▼-30.8%4,116,0152.6%Computer and TechnologyAMZNAmazon.com$436,048,594$27,905,669 ▼-6.0%2,009,3852.6%Retail/WholesaleGILGildan Activewear$411,222,855$72,900,196 ▼-15.1%8,773,0862.4%Consumer DiscretionaryQSRRestaurant Brands International$410,935,663$15,456,374 ▼-3.6%6,330,9042.4%Retail/WholesaleSTNStantec$390,623,661$16,621,479 ▼-4.1%4,997,8462.3%Business ServicesFNVFranco-Nevada$376,827,880$17,813,387 ▼-4.5%3,219,9862.2%Basic MaterialsMAMastercard$318,827,603$14,755,696 ▼-4.4%610,9621.9%Business ServicesMGAMagna International$312,065,401$21,641,018 ▼-6.5%7,496,8601.8%Auto/Tires/TrucksDSGXThe Descartes Systems Group$306,213,895$15,030,783 ▼-4.7%2,706,0321.8%Computer and TechnologyUNHUnitedHealth Group$304,717,923$16,397,379 ▼-5.1%607,5821.8%MedicalFIFiserv$279,141,540$42,675,389 ▼-13.3%1,358,8821.6%Business ServicesCIGIColliers International Group$277,058,857$14,181,705 ▼-4.9%2,044,5581.6%FinanceABTAbbott Laboratories$253,954,119$12,901,940 ▼-4.8%2,262,3911.5%MedicalGOOGLAlphabet$251,729,625$40,465,549 ▼-13.8%1,349,6731.5%Computer and TechnologyRYRoyal Bank of Canada$243,404,761$6,236,123 ▼-2.5%2,019,7591.4%FinanceGOOGAlphabet$236,814,044$3,152,353 ▼-1.3%1,243,5101.4%Computer and TechnologyJPMJPMorgan Chase & Co.$233,027,604$1,846,486 ▼-0.8%972,1231.4%FinanceORCLOracle$229,824,888$22,546,652 ▼-8.9%1,391,1211.3%Computer and TechnologyBSXBoston Scientific$222,754,969$22,104,563 ▼-9.0%2,519,2721.3%MedicalCPRTCopart$219,732,823$17,170,459 ▼-7.2%3,865,0701.3%Business ServicesIBKRInteractive Brokers Group$216,803,770$37,602,089 ▼-14.8%1,239,5241.3%FinancePEPPepsiCo$204,486,334$6,672,699 ▼-3.2%1,353,6301.2%Consumer StaplesBDXBecton, Dickinson and Company$193,862,910$498,567 ▼-0.3%862,8361.1%MedicalACNAccenture$190,985,383$3,429,601 ▼-1.8%542,8961.1%Computer and TechnologyIQVIQVIA$140,301,065$5,921,351 ▼-4.0%719,8740.8%MedicalDHRDanaher$129,948,714$3,832,000 ▼-2.9%570,3230.8%MedicalCBChubb$126,139,791$1,517,992 ▼-1.2%456,5320.7%FinanceSHWSherwin-Williams$123,357,537$3,963,209 ▼-3.1%365,3220.7%Basic MaterialsADSKAutodesk$122,401,448$750,157 ▲0.6%414,1200.7%Computer and TechnologyAMEAMETEK$112,522,978$3,450,557 ▼-3.0%629,7660.7%Computer and TechnologyTJXTJX Companies$111,118,017$7,074,120 ▼-6.0%932,1880.6%Retail/WholesaleHDBHDFC Bank$108,435,046$2,559,509 ▲2.4%1,698,0120.6%FinanceMETAMeta Platforms$106,693,388$18,079,378 ▼-14.5%182,2230.6%Computer and TechnologyBRK.BBerkshire Hathaway$105,597,015$578,385 ▲0.6%232,9620.6%FinanceGWREGuidewire Software$88,400,317$17,385,735 ▼-16.4%534,6150.5%Computer and TechnologyCDNSCadence Design Systems$85,471,856$12,432,133 ▲17.0%284,4700.5%Computer and TechnologyOZKBank OZK$81,279,005$6,028,866 ▼-6.9%1,854,8850.5%FinanceDEODiageo$79,269,940$498,223 ▲0.6%623,5340.5%Consumer StaplesTDToronto-Dominion Bank$78,332,691$2,614,061 ▼-3.2%1,472,0750.5%FinanceENBEnbridge$76,017,724$993,971 ▼-1.3%1,791,9760.4%EnergyMDLZMondelez International$75,758,784$6,036,543 ▼-7.4%1,291,5610.4%Consumer StaplesPGProcter & Gamble$71,967,786$5,649,470 ▼-7.3%429,2740.4%Consumer StaplesJNJJohnson & Johnson$70,657,427$3,383,963 ▼-4.6%488,5730.4%MedicalSITESiteOne Landscape Supply$68,127,593$4,878,125 ▼-6.7%517,0190.4%IndustrialsMNSTMonster Beverage$57,343,065$6,348,557 ▼-10.0%1,114,3070.3%Consumer StaplesRELXRelx$54,629,041$1,674,499 ▲3.2%1,202,7530.3%Computer and TechnologyCMECME Group$51,991,420$422,426 ▲0.8%223,8790.3%FinanceAFGAmerican Financial Group$51,075,848$10,148,832 ▼-16.6%386,9730.3%FinanceTSMTaiwan Semiconductor Manufacturing$48,179,265$1,720,730 ▼-3.4%243,9580.3%Computer and TechnologyCYBRCyberArk Software$46,858,546$1,747,039 ▼-3.6%140,6530.3%Computer and TechnologyCOSTCostco Wholesale$46,533,688$1,359,745 ▼-2.8%50,7860.3%Retail/WholesalePEGPublic Service Enterprise Group$45,751,926$16,061,549 ▼-26.0%541,5070.3%UtilitiesCLColgate-Palmolive$42,308,674$768,191 ▼-1.8%465,3900.2%Consumer StaplesASMLASML$40,644,290$20,731,409 ▲104.1%58,6430.2%Computer and TechnologyULUnilever$37,654,129$1,149,933 ▲3.2%664,0940.2%Consumer StaplesCACCCredit Acceptance$33,141,528$3,694,577 ▲12.5%73,1350.2%FinanceVRSKVerisk Analytics$31,424,084$1,569,125 ▼-4.8%114,0910.2%Business ServicesSAPSAP$30,928,900$594,843 ▼-1.9%125,6200.2%Computer and TechnologyELEstée Lauder Companies$29,650,391$3,602,939 ▼-10.8%395,4440.2%Consumer StaplesAXAxos Financial$28,284,989$14,626,520 ▼-34.1%404,9390.2%FinanceServisFirst Bancshares Inc$25,795,194$5,187,874 ▼-16.7%316,6750.2%Common StockSPYSPDR S&P 500 ETF Trust$24,769,499$49,817 ▼-0.2%42,2630.1%FinanceLCIILCI Industries$23,803,583$4,647,690 ▼-16.3%239,4550.1%Auto/Tires/TrucksPGRProgressive$22,165,123$9,189,915 ▼-29.3%95,8560.1%FinanceALCAlcon$20,210,780$1,351,788 ▲7.2%238,0820.1%MedicalADPAutomatic Data Processing$19,485,279$2,858,508 ▼-12.8%66,5640.1%Business ServicesXOMExxon Mobil$18,040,672$138,873 ▼-0.8%167,7110.1%EnergyABBVAbbVie$17,632,815$23,101 ▼-0.1%99,2280.1%MedicalLLYEli Lilly and Company$17,572,264$761,964 ▼-4.2%22,7620.1%MedicalPBAPembina Pipeline$16,862,443$185,564 ▼-1.1%456,6290.1%EnergyZTSZoetis$13,965,382$352,092 ▼-2.5%85,7140.1%MedicalAAPLApple$13,197,885$143,240 ▲1.1%52,7030.1%Computer and TechnologySLFSun Life Financial$11,106,300$2,093,929 ▼-15.9%187,1480.1%FinanceTUTELUS$9,874,870$233,852 ▲2.4%728,6680.1%UtilitiesTCOMTrip.com Group$9,353,002$1,321,636 ▼-12.4%136,2220.1%Consumer DiscretionaryBKNGBooking$9,256,166$516,716 ▼-5.3%1,8630.1%Retail/WholesaleNTRNutrien$9,194,283$236,360 ▼-2.5%205,5840.1%Basic MaterialsTFPMTriple Flag Precious Metals$8,563,449$96,240 ▼-1.1%570,1830.1%Basic MaterialsCMCSAComcast$8,414,270$1,329,877 ▼-13.6%224,2010.0%Consumer DiscretionarySESEA$7,669,226$1,297,921 ▼-14.5%72,2830.0%Computer and TechnologyBAPCredicorp$7,067,169$18,515 ▼-0.3%38,5510.0%FinanceNVONovo Nordisk A/S$6,661,474$339,263 ▲5.4%77,4410.0%MedicalHLNHaleon$6,650,410$540,107 ▲8.8%697,1080.0%MedicalYUMCYum China$6,151,260$137,959 ▲2.3%127,6990.0%Retail/WholesaleINFYInfosys$5,859,237$14,270 ▼-0.2%267,3010.0%Computer and TechnologyXPXP$5,760,498$1,298,701 ▲29.1%486,1180.0%FinanceNUNU$5,747,013$1,072,861 ▼-15.7%554,7310.0%FinanceEMREmerson Electric$5,658,643$86,751 ▼-1.5%45,6600.0%IndustrialsMELIMercadoLibre$5,524,729$1,678,334 ▲43.6%3,2490.0%Retail/WholesaleShowing largest 100 holdings. View all holdings. More Institutional Buying and Selling Information SEC Filings and Trading Data SEC Filings 13F Filings Top 13F Buys Top 13F Sells Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. 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