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

About Jarislowsky, Fraser Ltd

Investment Activity

Jarislowsky, Fraser Ltd has $17.50 billion in total holdings as of June 30, 2025.
Jarislowsky, Fraser Ltd owns shares of 188 different stocks, but just 34 companies or ETFs make up 80% of its holdings.
Approximately 4.13% of the portfolio was purchased this quarter.
About 3.46% of the portfolio was sold this quarter.
This quarter, Jarislowsky, Fraser Ltd has purchased 185 new stocks and bought additional shares in 56 stocks.
Jarislowsky, Fraser Ltd sold shares of 95 stocks and completely divested from 3 stocks this quarter.

Largest Holdings

Canadian National Railway: $961,016,928
Brookfield: $957,783,183
Toronto Dominion Bank: $880,595,647
Bank Of Montreal: $707,842,442
Microsoft: $695,157,335

Largest New Holdings this Quarter

05577W200 - BRP: $3,326,266 Holding
G54950103 - Linde PLC: $1,694,678 Holding
06849F108 - Barrick Mining Corp: $685,008 Holding
835699307 - Sony: $475,750 Holding
007903107 - Advanced Micro Devices: $219,661 Holding

Largest Purchases this Quarter

Interactive Brokers Group: 3,148,029 shares (about $174.43M)
Shopify: 1,083,169 shares (about $124.68M)
TFI International: 1,132,014 shares (about $101.41M)
Colliers International Group: 530,253 shares (about $69.24M)
Taiwan Semiconductor Manufacturing: 238,299 shares (about $53.97M)

Largest Sales this Quarter

Restaurant Brands International: 2,813,702 shares (about $186.27M)
Stantec: 676,400 shares (about $73.45M)
Thomson Reuters: 255,834 shares (about $51.34M)
CAE: 1,439,092 shares (about $42.09M)
Bank of Nova Scotia: 610,273 shares (about $33.68M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
CNI Canadian National Railway	$961,016,928	$2,625,048 ▲	0.3%	9,241,703	5.5%	Transportation
BN Brookfield	$957,783,183	$20,933,082 ▼	-2.1%	15,506,528	5.5%	Finance
TD Toronto Dominion Bank	$880,595,647	$9,620,206 ▼	-1.1%	11,996,531	5.0%	Finance
BMO Bank Of Montreal	$707,842,442	$16,521,023 ▼	-2.3%	6,400,179	4.0%	Finance
MSFT Microsoft	$695,157,335	$23,094,249 ▼	-3.2%	1,397,554	4.0%	Computer and Technology
CAE CAE	$636,124,627	$42,091,727 ▼	-6.2%	21,748,736	3.6%	Aerospace
OTEX Open Text	$613,334,771	$11,844,609 ▲	2.0%	21,032,718	3.5%	Computer and Technology
TRI Thomson Reuters	$604,230,773	$51,343,440 ▼	-7.8%	3,010,760	3.5%	Business Services
SHOP Shopify	$585,076,829	$124,678,281 ▲	27.1%	5,082,979	3.3%	Computer and Technology
TRP TC Energy	$547,838,095	$12,470,915 ▼	-2.2%	11,244,354	3.1%	Energy
STN Stantec	$539,044,286	$73,449,780 ▼	-12.0%	4,964,066	3.1%	Business Services
FNV Franco-Nevada	$458,283,414	$11,106,083 ▼	-2.4%	2,797,010	2.6%	Basic Materials
GIB CGI Group	$442,104,399	$4,789,816 ▼	-1.1%	4,218,244	2.5%	Computer and Technology
AMZN Amazon.com	$441,298,816	$9,878,254 ▲	2.3%	2,011,481	2.5%	Retail/Wholesale
GIL Gildan Activewear	$364,499,823	$22,086,935 ▲	6.5%	7,412,206	2.1%	Consumer Discretionary
CIGI Colliers International Group	$330,725,822	$69,237,945 ▲	26.5%	2,532,836	1.9%	Finance
MA Mastercard	$316,231,173	$3,133,939 ▼	-1.0%	562,749	1.8%	Business Services
ORCL Oracle	$311,990,038	$14,869,464 ▲	5.0%	1,427,023	1.8%	Computer and Technology
ABT Abbott Laboratories	$298,654,702	$3,551,493 ▲	1.2%	2,195,829	1.7%	Medical
TFII TFI International	$295,994,865	$101,412,526 ▲	52.1%	3,304,033	1.7%	Transportation
JPM JPMorgan Chase & Co.	$268,479,852	$5,866,329 ▼	-2.1%	926,080	1.5%	Finance
DSGX The Descartes Systems Group	$264,073,642	$4,553,079 ▼	-1.7%	2,604,847	1.5%	Computer and Technology
RY Royal Bank Of Canada	$260,860,149	$1,806,538 ▼	-0.7%	1,983,304	1.5%	Finance
BSX Boston Scientific	$243,710,389	$275,614 ▼	-0.1%	2,268,973	1.4%	Medical
FI Fiserv	$238,427,857	$26,672,172 ▲	12.6%	1,382,912	1.4%	Business Services
IBKR Interactive Brokers Group	$233,647,402	$174,432,287 ▲	294.6%	4,216,701	1.3%	Finance
QSR Restaurant Brands International	$225,830,896	$186,267,391 ▼	-45.2%	3,411,337	1.3%	Retail/Wholesale
GOOGL Alphabet	$214,204,392	$1,432,221 ▲	0.7%	1,215,482	1.2%	Computer and Technology
UNH UnitedHealth Group	$208,862,043	$23,073,613 ▲	12.4%	669,494	1.2%	Medical
GOOG Alphabet	$202,969,283	$2,685,330 ▼	-1.3%	1,144,198	1.2%	Computer and Technology
PEP PepsiCo	$171,668,901	$148,413 ▲	0.1%	1,300,128	1.0%	Consumer Staples
TSM Taiwan Semiconductor Manufacturing	$167,763,181	$53,972,340 ▲	47.4%	740,709	1.0%	Computer and Technology
ACN Accenture	$165,294,240	$4,645,049 ▲	2.9%	553,027	0.9%	Computer and Technology
BDX Becton, Dickinson and Company	$162,225,566	$20,013,727 ▲	14.1%	941,803	0.9%	Medical
CPRT Copart	$156,764,615	$28,769,054 ▼	-15.5%	3,194,714	0.9%	Business Services
HDB HDFC Bank	$139,190,398	$3,570,599 ▲	2.6%	1,815,448	0.8%	Finance
META Meta Platforms	$127,649,713	$2,243,056 ▼	-1.7%	172,946	0.7%	Computer and Technology
IQV IQVIA	$124,972,494	$13,323,131 ▲	11.9%	793,023	0.7%	Medical
SHW Sherwin-Williams	$122,354,619	$145,241 ▲	0.1%	356,345	0.7%	Basic Materials
AVGO Broadcom	$116,989,719	$4,170,033 ▼	-3.4%	424,414	0.7%	Computer and Technology
AME AMETEK	$112,993,957	$199,961 ▲	0.2%	624,414	0.6%	Computer and Technology
DHR Danaher	$111,820,677	$819,396 ▲	0.7%	566,066	0.6%	Medical
BRK.B Berkshire Hathaway	$110,626,345	$1,661,333 ▼	-1.5%	227,734	0.6%	Finance
TJX TJX Companies	$110,412,902	$284,274 ▲	0.3%	894,104	0.6%	Retail/Wholesale
MFC Manulife Financial	$107,884,334	$2,034,314 ▼	-1.9%	3,380,967	0.6%	Finance
ADSK Autodesk	$105,882,536	$21,981,637 ▼	-17.2%	342,031	0.6%	Computer and Technology
GWRE Guidewire Software	$104,829,874	$1,489,928 ▼	-1.4%	445,232	0.6%	Computer and Technology
MDLZ Mondelez International	$96,098,290	$839,965 ▲	0.9%	1,424,945	0.5%	Consumer Staples
CDNS Cadence Design Systems	$94,326,872	$3,072,255 ▲	3.4%	306,107	0.5%	Computer and Technology
OZK Bank OZK	$84,811,484	$132,192 ▲	0.2%	1,802,199	0.5%	Finance
CB Chubb	$83,113,714	$1,031,983 ▼	-1.2%	286,876	0.5%	Finance
ENB Enbridge	$77,879,651	$1,456,680 ▼	-1.8%	1,720,893	0.4%	Energy
BNS Bank of Nova Scotia	$75,237,594	$33,677,999 ▼	-30.9%	1,363,367	0.4%	Finance
JNJ Johnson & Johnson	$72,227,226	$874,799 ▼	-1.2%	472,846	0.4%	Medical
MNST Monster Beverage	$68,260,060	$462,972 ▲	0.7%	1,089,720	0.4%	Consumer Staples
PG Procter & Gamble	$67,220,613	$448,645 ▼	-0.7%	421,922	0.4%	Consumer Staples
RELX Relx	$62,446,278	$958,829 ▼	-1.5%	1,149,177	0.4%	Computer and Technology
CYBR CyberArk Software	$62,384,469	$4,302,756 ▲	7.4%	153,324	0.4%	Computer and Technology
DEO Diageo	$60,847,864	$547,864 ▼	-0.9%	603,410	0.3%	Consumer Staples
SITE SiteOne Landscape Supply	$50,923,842	$10,415,957 ▼	-17.0%	421,067	0.3%	Industrials
ASML ASML	$50,122,136	$1,717,379 ▲	3.5%	62,544	0.3%	Computer and Technology
CME CME Group	$49,338,460	$6,229,839 ▼	-11.2%	179,009	0.3%	Finance
AFG American Financial Group	$47,122,522	$573,372 ▲	1.2%	373,366	0.3%	Finance
COST Costco Wholesale	$46,149,022	$778,093 ▼	-1.7%	46,618	0.3%	Retail/Wholesale
SAP SAP	$43,967,082	$7,045,085 ▲	19.1%	144,581	0.3%	Computer and Technology
PEG Public Service Enterprise Group	$41,673,898	$2,875,252 ▼	-6.5%	495,057	0.2%	Utilities
CL Colgate-Palmolive	$40,732,471	$442,047 ▼	-1.1%	448,102	0.2%	Consumer Staples
UL Unilever	$40,147,216	$69,550 ▼	-0.2%	656,322	0.2%	Consumer Staples
CACC Credit Acceptance	$35,904,116	$431,487 ▲	1.2%	70,479	0.2%	Finance
SPY SPDR S&P 500 ETF Trust	$31,385,544	$4,056,185 ▲	14.8%	50,798	0.2%	Finance
VRSK Verisk Analytics	$30,538,837	$1,380,880 ▼	-4.3%	98,038	0.2%	Business Services
AX Axos Financial	$29,401,626	$255,875 ▲	0.9%	386,660	0.2%	Finance
PGR Progressive	$24,594,351	$253,517 ▲	1.0%	92,162	0.1%	Finance
ServisFirst Bancshares Inc	$23,732,166	$312,830 ▲	1.3%	306,182	0.1%	Common Stock
LCII LCI Industries	$21,816,569	$884,178 ▲	4.2%	239,243	0.1%	Auto/Tires/Trucks
ALC Alcon	$20,705,367	$75,833 ▼	-0.4%	234,542	0.1%	Medical
ADP Automatic Data Processing	$19,019,644	$844,091 ▼	-4.2%	61,672	0.1%	Computer and Technology
PBA Pembina Pipeline	$16,556,564	$459,252 ▼	-2.7%	441,843	0.1%	Energy
ABBV AbbVie	$16,479,900	$651,526 ▼	-3.8%	88,783	0.1%	Medical
MELI MercadoLibre	$16,065,983	$99,318 ▲	0.6%	6,147	0.1%	Retail/Wholesale
LLY Eli Lilly and Company	$16,017,002	$1,071,854 ▼	-6.3%	20,547	0.1%	Medical
XOM Exxon Mobil	$15,547,670	$206,976 ▼	-1.3%	144,227	0.1%	Energy
SE SEA	$14,311,431	$48,462 ▼	-0.3%	89,480	0.1%	Computer and Technology
ZTS Zoetis	$13,009,660	$173,572 ▼	-1.3%	83,422	0.1%	Medical
TFPM Triple Flag Precious Metals	$12,452,723	$506,630 ▼	-3.9%	526,223	0.1%	Basic Materials
ATS ATS	$12,069,625	$7,692,569 ▲	175.7%	379,208	0.1%	Industrials
AAPL Apple	$10,748,445	$84,530 ▼	-0.8%	52,388	0.1%	Computer and Technology
NTR Nutrien	$10,675,357	$677,492 ▼	-6.0%	183,571	0.1%	Basic Materials
TU TELUS	$10,494,602	$127,646 ▲	1.2%	654,773	0.1%	Utilities
BAP Credicorp	$10,424,972	$4,470 ▼	0.0%	46,640	0.1%	Finance
TCOM Trip.com Group	$10,034,652	$8,737 ▼	-0.1%	171,123	0.1%	Consumer Discretionary
BKNG Booking	$9,899,600	$694,709 ▼	-6.6%	1,710	0.1%	Retail/Wholesale
NU NU	$8,907,572	$219,122 ▼	-2.4%	649,240	0.1%	Finance
HLN Haleon	$7,571,157	$256,180 ▲	3.5%	730,102	0.0%	Medical
CMCSA Comcast	$6,985,817	$160,605 ▼	-2.2%	195,736	0.0%	Consumer Discretionary
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF	$6,802,610	$184,766 ▲	2.8%	128,935	0.0%	Manufacturing
XP XP	$6,568,171	$56,661 ▲	0.9%	325,157	0.0%	Finance
NVS Novartis	$6,467,621	$84,707 ▼	-1.3%	53,447	0.0%	Medical
EMR Emerson Electric	$6,061,181		0.0%	45,460	0.0%	Industrials
FMX Fomento Economico Mexicano	$5,813,838	$7,929 ▼	-0.1%	56,456	0.0%	Consumer Staples

Showing largest 100 holdings. View all holdings.

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

About Jarislowsky, Fraser Ltd

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

Best-in-Class Portfolio Monitoring

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

About Jarislowsky, Fraser Ltd

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Map of 500 Largest Holdings ofJarislowsky, Fraser Ltd

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools