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Jarislowsky, Fraser Ltd Top Holdings and 13F Report (2025)

About Jarislowsky, Fraser Ltd

Investment Activity

  • Jarislowsky, 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
$1,051,155,894
Bank of Montreal
$651,250,119
Bank of Nova Scotia
$628,280,344
CAE
$606,696,746

Largest New Holdings this Quarter

South Bow Corp
$260,469 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 Time

Map of 500 Largest Holdings ofJarislowsky, Fraser Ltd

 
 
Selling
 
 
Neutral
 
 
Buying
Issuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSector
Brookfield Co. stock logo
BN
Brookfield
$1,051,155,894$49,606,591 -4.5%18,297,8966.1%Finance
Canadian National Railway stock logo
CNI
Canadian National Railway
$926,572,567$42,699,279 4.8%9,159,0755.4%Transportation
Bank of Montreal stock logo
BMO
Bank of Montreal
$651,250,119$41,378,098 6.8%6,711,7733.8%Finance
The Bank of Nova Scotia stock logo
BNS
Bank of Nova Scotia
$628,280,344$34,288,709 -5.2%11,750,9343.7%Finance
CAE Inc. stock logo
CAE
CAE
$606,696,746$43,058,364 7.6%23,994,0913.5%Aerospace
Microsoft Co. stock logo
MSFT
Microsoft
$572,721,555$32,339,790 -5.3%1,371,6543.3%Computer and Technology
TC Energy Co. stock logo
TRP
TC Energy
$549,510,616$20,989,914 -3.7%11,797,3793.2%Energy
Thomson Reuters Co. stock logo
TRI
Thomson Reuters
$536,661,906$27,486,449 -4.9%3,353,4283.1%Business Services
Open Text Co. stock logo
OTEX
Open Text
$522,879,480$55,190,835 11.8%18,547,2563.1%Computer and Technology
Manulife Financial Co. stock logo
MFC
Manulife Financial
$494,659,582$17,481,576 -3.4%16,160,9792.9%Finance
CGI Inc. stock logo
GIB
CGI
$473,203,771$19,795,711 -4.0%4,341,1752.8%Computer and Technology
Shopify Inc. stock logo
SHOP
Shopify
$436,167,229$194,262,093 -30.8%4,116,0152.6%Computer and Technology
Amazon.com, Inc. stock logo
AMZN
Amazon.com
$436,048,594$27,905,669 -6.0%2,009,3852.6%Retail/Wholesale
Gildan Activewear Inc. stock logo
GIL
Gildan Activewear
$411,222,855$72,900,196 -15.1%8,773,0862.4%Consumer Discretionary
Restaurant Brands International Inc. stock logo
QSR
Restaurant Brands International
$410,935,663$15,456,374 -3.6%6,330,9042.4%Retail/Wholesale
Stantec Inc. stock logo
STN
Stantec
$390,623,661$16,621,479 -4.1%4,997,8462.3%Business Services
Franco-Nevada Co. stock logo
FNV
Franco-Nevada
$376,827,880$17,813,387 -4.5%3,219,9862.2%Basic Materials
Mastercard Incorporated stock logo
MA
Mastercard
$318,827,603$14,755,696 -4.4%610,9621.9%Business Services
Magna International Inc. stock logo
MGA
Magna International
$312,065,401$21,641,018 -6.5%7,496,8601.8%Auto/Tires/Trucks
The Descartes Systems Group Inc. stock logo
DSGX
The Descartes Systems Group
$306,213,895$15,030,783 -4.7%2,706,0321.8%Computer and Technology
UnitedHealth Group Incorporated stock logo
UNH
UnitedHealth Group
$304,717,923$16,397,379 -5.1%607,5821.8%Medical
Fiserv, Inc. stock logo
FI
Fiserv
$279,141,540$42,675,389 -13.3%1,358,8821.6%Business Services
Colliers International Group Inc. stock logo
CIGI
Colliers International Group
$277,058,857$14,181,705 -4.9%2,044,5581.6%Finance
Abbott Laboratories stock logo
ABT
Abbott Laboratories
$253,954,119$12,901,940 -4.8%2,262,3911.5%Medical
Alphabet Inc. stock logo
GOOGL
Alphabet
$251,729,625$40,465,549 -13.8%1,349,6731.5%Computer and Technology
Royal Bank of Canada stock logo
RY
Royal Bank of Canada
$243,404,761$6,236,123 -2.5%2,019,7591.4%Finance
Alphabet Inc. stock logo
GOOG
Alphabet
$236,814,044$3,152,353 -1.3%1,243,5101.4%Computer and Technology
JPMorgan Chase & Co. stock logo
JPM
JPMorgan Chase & Co.
$233,027,604$1,846,486 -0.8%972,1231.4%Finance
Oracle Co. stock logo
ORCL
Oracle
$229,824,888$22,546,652 -8.9%1,391,1211.3%Computer and Technology
Boston Scientific Co. stock logo
BSX
Boston Scientific
$222,754,969$22,104,563 -9.0%2,519,2721.3%Medical
Copart, Inc. stock logo
CPRT
Copart
$219,732,823$17,170,459 -7.2%3,865,0701.3%Business Services
Interactive Brokers Group, Inc. stock logo
IBKR
Interactive Brokers Group
$216,803,770$37,602,089 -14.8%1,239,5241.3%Finance
PepsiCo, Inc. stock logo
PEP
PepsiCo
$204,486,334$6,672,699 -3.2%1,353,6301.2%Consumer Staples
Becton, Dickinson and Company stock logo
BDX
Becton, Dickinson and Company
$193,862,910$498,567 -0.3%862,8361.1%Medical
Accenture plc stock logo
ACN
Accenture
$190,985,383$3,429,601 -1.8%542,8961.1%Computer and Technology
IQVIA Holdings Inc. stock logo
IQV
IQVIA
$140,301,065$5,921,351 -4.0%719,8740.8%Medical
Danaher Co. stock logo
DHR
Danaher
$129,948,714$3,832,000 -2.9%570,3230.8%Medical
Chubb Limited stock logo
CB
Chubb
$126,139,791$1,517,992 -1.2%456,5320.7%Finance
The Sherwin-Williams Company stock logo
SHW
Sherwin-Williams
$123,357,537$3,963,209 -3.1%365,3220.7%Basic Materials
Autodesk, Inc. stock logo
ADSK
Autodesk
$122,401,448$750,157 0.6%414,1200.7%Computer and Technology
AMETEK, Inc. stock logo
AME
AMETEK
$112,522,978$3,450,557 -3.0%629,7660.7%Computer and Technology
The TJX Companies, Inc. stock logo
TJX
TJX Companies
$111,118,017$7,074,120 -6.0%932,1880.6%Retail/Wholesale
HDFC Bank Limited stock logo
HDB
HDFC Bank
$108,435,046$2,559,509 2.4%1,698,0120.6%Finance
Meta Platforms, Inc. stock logo
META
Meta Platforms
$106,693,388$18,079,378 -14.5%182,2230.6%Computer and Technology
Berkshire Hathaway Inc. stock logo
BRK.B
Berkshire Hathaway
$105,597,015$578,385 0.6%232,9620.6%Finance
Guidewire Software, Inc. stock logo
GWRE
Guidewire Software
$88,400,317$17,385,735 -16.4%534,6150.5%Computer and Technology
Cadence Design Systems, Inc. stock logo
CDNS
Cadence Design Systems
$85,471,856$12,432,133 17.0%284,4700.5%Computer and Technology
Bank OZK stock logo
OZK
Bank OZK
$81,279,005$6,028,866 -6.9%1,854,8850.5%Finance
Diageo plc stock logo
DEO
Diageo
$79,269,940$498,223 0.6%623,5340.5%Consumer Staples
The Toronto-Dominion Bank stock logo
TD
Toronto-Dominion Bank
$78,332,691$2,614,061 -3.2%1,472,0750.5%Finance
Enbridge Inc. stock logo
ENB
Enbridge
$76,017,724$993,971 -1.3%1,791,9760.4%Energy
Mondelez International, Inc. stock logo
MDLZ
Mondelez International
$75,758,784$6,036,543 -7.4%1,291,5610.4%Consumer Staples
The Procter & Gamble Company stock logo
PG
Procter & Gamble
$71,967,786$5,649,470 -7.3%429,2740.4%Consumer Staples
Johnson & Johnson stock logo
JNJ
Johnson & Johnson
$70,657,427$3,383,963 -4.6%488,5730.4%Medical
SiteOne Landscape Supply, Inc. stock logo
SITE
SiteOne Landscape Supply
$68,127,593$4,878,125 -6.7%517,0190.4%Industrials
Monster Beverage Co. stock logo
MNST
Monster Beverage
$57,343,065$6,348,557 -10.0%1,114,3070.3%Consumer Staples
Relx Plc stock logo
RELX
Relx
$54,629,041$1,674,499 3.2%1,202,7530.3%Computer and Technology
CME Group Inc. stock logo
CME
CME Group
$51,991,420$422,426 0.8%223,8790.3%Finance
American Financial Group, Inc. stock logo
AFG
American Financial Group
$51,075,848$10,148,832 -16.6%386,9730.3%Finance
Taiwan Semiconductor Manufacturing Company Limited stock logo
TSM
Taiwan Semiconductor Manufacturing
$48,179,265$1,720,730 -3.4%243,9580.3%Computer and Technology
CyberArk Software Ltd. stock logo
CYBR
CyberArk Software
$46,858,546$1,747,039 -3.6%140,6530.3%Computer and Technology
Costco Wholesale Co. stock logo
COST
Costco Wholesale
$46,533,688$1,359,745 -2.8%50,7860.3%Retail/Wholesale
Public Service Enterprise Group Incorporated stock logo
PEG
Public Service Enterprise Group
$45,751,926$16,061,549 -26.0%541,5070.3%Utilities
Colgate-Palmolive stock logo
CL
Colgate-Palmolive
$42,308,674$768,191 -1.8%465,3900.2%Consumer Staples
ASML Holding stock logo
ASML
ASML
$40,644,290$20,731,409 104.1%58,6430.2%Computer and Technology
Unilever PLC stock logo
UL
Unilever
$37,654,129$1,149,933 3.2%664,0940.2%Consumer Staples
Credit Acceptance Co. stock logo
CACC
Credit Acceptance
$33,141,528$3,694,577 12.5%73,1350.2%Finance
Verisk Analytics, Inc. stock logo
VRSK
Verisk Analytics
$31,424,084$1,569,125 -4.8%114,0910.2%Business Services
SAP SE stock logo
SAP
SAP
$30,928,900$594,843 -1.9%125,6200.2%Computer and Technology
The Estée Lauder Companies Inc. stock logo
EL
Estée Lauder Companies
$29,650,391$3,602,939 -10.8%395,4440.2%Consumer Staples
Axos Financial, Inc. stock logo
AX
Axos Financial
$28,284,989$14,626,520 -34.1%404,9390.2%Finance
ServisFirst Bancshares Inc
$25,795,194$5,187,874 -16.7%316,6750.2%Common Stock
SPDR S&P 500 ETF Trust stock logo
SPY
SPDR S&P 500 ETF Trust
$24,769,499$49,817 -0.2%42,2630.1%Finance
LCI Industries stock logo
LCII
LCI Industries
$23,803,583$4,647,690 -16.3%239,4550.1%Auto/Tires/Trucks
The Progressive Co. stock logo
PGR
Progressive
$22,165,123$9,189,915 -29.3%95,8560.1%Finance
Alcon Inc. stock logo
ALC
Alcon
$20,210,780$1,351,788 7.2%238,0820.1%Medical
Automatic Data Processing, Inc. stock logo
ADP
Automatic Data Processing
$19,485,279$2,858,508 -12.8%66,5640.1%Business Services
Exxon Mobil Co. stock logo
XOM
Exxon Mobil
$18,040,672$138,873 -0.8%167,7110.1%Energy
AbbVie Inc. stock logo
ABBV
AbbVie
$17,632,815$23,101 -0.1%99,2280.1%Medical
Eli Lilly and Company stock logo
LLY
Eli Lilly and Company
$17,572,264$761,964 -4.2%22,7620.1%Medical
Pembina Pipeline Co. stock logo
PBA
Pembina Pipeline
$16,862,443$185,564 -1.1%456,6290.1%Energy
Zoetis Inc. stock logo
ZTS
Zoetis
$13,965,382$352,092 -2.5%85,7140.1%Medical
Apple Inc. stock logo
AAPL
Apple
$13,197,885$143,240 1.1%52,7030.1%Computer and Technology
Sun Life Financial Inc. stock logo
SLF
Sun Life Financial
$11,106,300$2,093,929 -15.9%187,1480.1%Finance
TELUS Co. stock logo
TU
TELUS
$9,874,870$233,852 2.4%728,6680.1%Utilities
Trip.com Group Limited stock logo
TCOM
Trip.com Group
$9,353,002$1,321,636 -12.4%136,2220.1%Consumer Discretionary
Booking Holdings Inc. stock logo
BKNG
Booking
$9,256,166$516,716 -5.3%1,8630.1%Retail/Wholesale
Nutrien Ltd. stock logo
NTR
Nutrien
$9,194,283$236,360 -2.5%205,5840.1%Basic Materials
Triple Flag Precious Metals Corp. stock logo
TFPM
Triple Flag Precious Metals
$8,563,449$96,240 -1.1%570,1830.1%Basic Materials
Comcast Co. stock logo
CMCSA
Comcast
$8,414,270$1,329,877 -13.6%224,2010.0%Consumer Discretionary
Sea Limited stock logo
SE
SEA
$7,669,226$1,297,921 -14.5%72,2830.0%Computer and Technology
Credicorp Ltd. stock logo
BAP
Credicorp
$7,067,169$18,515 -0.3%38,5510.0%Finance
Novo Nordisk A/S stock logo
NVO
Novo Nordisk A/S
$6,661,474$339,263 5.4%77,4410.0%Medical
Haleon plc stock logo
HLN
Haleon
$6,650,410$540,107 8.8%697,1080.0%Medical
Yum China Holdings, Inc. stock logo
YUMC
Yum China
$6,151,260$137,959 2.3%127,6990.0%Retail/Wholesale
Infosys Limited stock logo
INFY
Infosys
$5,859,237$14,270 -0.2%267,3010.0%Computer and Technology
XP Inc. stock logo
XP
XP
$5,760,498$1,298,701 29.1%486,1180.0%Finance
Nu Holdings Ltd. stock logo
NU
NU
$5,747,013$1,072,861 -15.7%554,7310.0%Finance
Emerson Electric Co. stock logo
EMR
Emerson Electric
$5,658,643$86,751 -1.5%45,6600.0%Industrials
MercadoLibre, Inc. stock logo
MELI
MercadoLibre
$5,524,729$1,678,334 43.6%3,2490.0%Retail/Wholesale

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