Jarislowsky, Fraser Ltd Top Holdings and 13F Report (2025) About Jarislowsky, Fraser LtdInvestment ActivityJarislowsky, Fraser Ltd has $15.96 billion in total holdings as of March 31, 2025.Jarislowsky, Fraser Ltd owns shares of 185 different stocks, but just 35 companies or ETFs make up 80% of its holdings.Approximately 6.93% of the portfolio was purchased this quarter.About 11.68% of the portfolio was sold this quarter.This quarter, Jarislowsky, Fraser Ltd has purchased 189 new stocks and bought additional shares in 36 stocks.Jarislowsky, Fraser Ltd sold shares of 119 stocks and completely divested from 7 stocks this quarter.Largest Holdings Canadian National Railway $896,772,932Brookfield $829,129,614Toronto Dominion Bank $726,602,141Bank Of Montreal $625,353,759CAE $570,008,931 Largest New Holdings this Quarter 87241L109 - TFI International $168,147,546 Holding464287457 - iShares 1-3 Year Treasury Bond ETF $1,875,489 Holding922908736 - Vanguard Growth ETF $296,656 Holding Largest Purchases this Quarter Toronto Dominion Bank 10,655,514 shares (about $638.41M)TFI International 2,172,019 shares (about $168.15M)Broadcom 437,542 shares (about $73.26M)Stantec 642,620 shares (about $53.26M)Open Text 2,079,282 shares (about $52.47M) Largest Sales this Quarter Bank of Nova Scotia 9,777,294 shares (about $463.51M)Manulife Financial 12,716,259 shares (about $396.18M)Magna International 7,475,210 shares (about $254.03M)Brookfield 2,452,461 shares (about $128.33M)Gildan Activewear 1,810,024 shares (about $80.01M) 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 PortfolioSectorCNICanadian National Railway$896,772,932$5,583,535 ▲0.6%9,216,4595.6%TransportationBNBrookfield$829,129,614$128,327,688 ▼-13.4%15,845,4355.2%FinanceTDToronto Dominion Bank$726,602,141$638,405,481 ▲723.8%12,127,5894.6%FinanceBMOBank Of Montreal$625,353,759$15,488,239 ▼-2.4%6,549,5593.9%FinanceCAECAE$570,008,931$19,819,757 ▼-3.4%23,187,8283.6%AerospaceTRIThomson Reuters$563,624,852$14,982,517 ▼-2.6%3,266,5943.5%Business ServicesTRPTC Energy$543,033,955$14,026,886 ▼-2.5%11,500,3193.4%EnergyMSFTMicrosoft$542,056,778$27,151,583 ▲5.3%1,443,9833.4%Computer and TechnologyOTEXOpen Text$520,519,850$52,471,605 ▲11.2%20,626,5383.3%Computer and TechnologySTNStantec$467,461,990$53,258,086 ▲12.9%5,640,4662.9%Business ServicesFNVFranco-Nevada$450,505,100$55,856,133 ▼-11.0%2,864,7932.8%Basic MaterialsGIBCGI Group$425,609,581$7,708,783 ▼-1.8%4,263,9452.7%Computer and TechnologyQSRRestaurant Brands International$414,916,057$7,056,195 ▼-1.7%6,225,0392.6%Retail/WholesaleSHOPShopify$380,461,771$11,053,415 ▼-2.8%3,999,8102.4%Computer and TechnologyAMZNAmazon.com$374,137,728$8,167,862 ▼-2.1%1,966,4552.3%Retail/WholesaleUNHUnitedHealth Group$311,910,408$6,310,664 ▼-2.0%595,5332.0%MedicalMAMastercard$311,510,847$23,369,644 ▼-7.0%568,3262.0%Business ServicesGILGildan Activewear$307,792,440$80,009,585 ▼-20.6%6,963,0621.9%Consumer DiscretionaryABTAbbott Laboratories$287,812,960$12,293,206 ▼-4.1%2,169,7171.8%MedicalFIFiserv$271,225,614$28,856,298 ▼-9.6%1,228,2101.7%Business ServicesDSGXThe Descartes Systems Group$266,715,710$5,664,248 ▼-2.1%2,649,7591.7%Computer and TechnologyCIGIColliers International Group$242,313,621$5,078,998 ▼-2.1%2,002,5831.5%FinanceJPMJPMorgan Chase & Co.$232,131,069$6,330,702 ▼-2.7%946,3151.5%FinanceBSXBoston Scientific$229,152,854$24,991,305 ▼-9.8%2,271,5391.4%MedicalRYRoyal Bank Of Canada$224,923,039$2,558,914 ▼-1.1%1,997,0391.4%FinanceCPRTCopart$213,966,790$4,757,521 ▼-2.2%3,781,0001.3%Business ServicesPEPPepsiCo$194,772,659$8,190,622 ▼-4.0%1,299,0041.2%Consumer StaplesORCLOracle$190,003,327$4,489,299 ▼-2.3%1,359,0111.2%Computer and TechnologyBDXBecton, Dickinson and Company$189,114,913$8,526,300 ▼-4.3%825,6131.2%MedicalGOOGLAlphabet$186,705,377$22,008,055 ▼-10.5%1,207,3551.2%Computer and TechnologyGOOGAlphabet$181,123,063$13,150,504 ▼-6.8%1,159,3361.1%Computer and TechnologyIBKRInteractive Brokers Group$176,961,396$28,291,383 ▼-13.8%1,068,6721.1%FinanceTFIITFI International$168,147,546$168,147,546 ▲New Holding2,172,0191.1%TransportationACNAccenture$167,717,131$1,688,136 ▼-1.0%537,4861.1%Computer and TechnologyIQVIQVIA$124,905,024$2,008,762 ▼-1.6%708,4800.8%MedicalSHWSherwin-Williams$124,284,403$3,282,386 ▼-2.6%355,9220.8%Basic MaterialsBRK.BBerkshire Hathaway$123,107,997$962,905 ▼-0.8%231,1540.8%FinanceHDBHDFC Bank$117,524,187$4,708,271 ▲4.2%1,768,8770.7%FinanceDHRDanaher$115,193,190$1,723,025 ▼-1.5%561,9180.7%MedicalTJXTJX Companies$108,621,483$4,919,015 ▼-4.3%891,8020.7%Retail/WholesaleADSKAutodesk$108,133,348$283,268 ▼-0.3%413,0380.7%Computer and TechnologyMFCManulife Financial$107,320,585$396,176,280 ▼-78.7%3,444,7200.7%FinanceAMEAMETEK$107,296,411$1,111,508 ▼-1.0%623,3090.7%Computer and TechnologyMETAMeta Platforms$101,430,714$3,595,334 ▼-3.4%175,9850.6%Computer and TechnologyMDLZMondelez International$95,837,446$8,205,033 ▲9.4%1,412,4900.6%Consumer StaplesBNSBank of Nova Scotia$93,563,665$463,508,776 ▼-83.2%1,973,6400.6%FinanceCBChubb$87,709,371$50,158,727 ▼-36.4%290,4380.5%FinanceGWREGuidewire Software$84,604,281$15,561,185 ▼-15.5%451,5600.5%Computer and TechnologyTSMTaiwan Semiconductor Manufacturing$83,400,060$42,903,032 ▲105.9%502,4100.5%Computer and TechnologyJNJJohnson & Johnson$79,366,546$1,658,400 ▼-2.0%478,5730.5%MedicalOZKBank OZK$78,183,495$2,411,258 ▼-3.0%1,799,3900.5%FinanceENBEnbridge$77,578,780$1,721,213 ▼-2.2%1,753,0810.5%EnergyCDNSCadence Design Systems$75,316,523$2,967,268 ▲4.1%296,1370.5%Computer and TechnologyAVGOBroadcom$73,592,517$73,257,657 ▲21,877.1%439,5420.5%Computer and TechnologyPGProcter & Gamble$72,383,849$773,025 ▼-1.1%424,7380.5%Consumer StaplesDEODiageo$63,800,657$1,539,470 ▼-2.4%608,8430.4%Consumer StaplesMNSTMonster Beverage$63,337,893$1,871,353 ▼-2.9%1,082,3290.4%Consumer StaplesSITESiteOne Landscape Supply$61,593,396$1,193,391 ▼-1.9%507,1920.4%IndustrialsRELXRelx$58,819,497$1,811,282 ▼-3.0%1,166,8220.4%Computer and TechnologyCMECME Group$53,485,647$5,907,212 ▼-9.9%201,6120.3%FinanceAFGAmerican Financial Group$48,441,212$2,383,821 ▼-4.7%368,8230.3%FinanceCYBRCyberArk Software$48,249,162$708,448 ▲1.5%142,7490.3%Computer and TechnologyCOSTCostco Wholesale$44,833,755$3,198,628 ▼-6.7%47,4040.3%Retail/WholesalePEGPublic Service Enterprise Group$43,554,229$1,011,796 ▼-2.3%529,2130.3%UtilitiesCLColgate-Palmolive$42,442,820$1,164,222 ▼-2.7%452,9650.3%Consumer StaplesASMLASML$40,023,514$1,164,904 ▲3.0%60,4010.3%Computer and TechnologyULUnilever$39,151,683$395,114 ▼-1.0%657,4590.2%Consumer StaplesCACCCredit Acceptance$35,954,483$1,808,774 ▼-4.8%69,6320.2%FinanceSAPSAP$32,592,374$1,129,059 ▼-3.3%121,4140.2%Computer and TechnologyVRSKVerisk Analytics$30,497,419$3,458,344 ▼-10.2%102,4710.2%Business ServicesPGRProgressive$25,813,908$1,314,298 ▼-4.8%91,2120.2%FinanceServisFirst Bancshares Inc$24,957,259$1,200,095 ▼-4.6%302,1460.2%Common StockSPYSPDR S&P 500 ETF Trust$24,743,497$1,101,998 ▲4.7%44,2330.2%FinanceAXAxos Financial$24,730,193$1,396,471 ▼-5.3%383,2950.2%FinanceALCAlcon$22,346,616$254,507 ▼-1.1%235,4010.1%MedicalLCIILCI Industries$20,069,294$866,256 ▼-4.1%229,5470.1%Auto/Tires/TrucksADPAutomatic Data Processing$19,678,881$658,417 ▼-3.2%64,4090.1%Computer and TechnologyABBVAbbVie$19,337,229$1,453,021 ▼-7.0%92,2930.1%MedicalPBAPembina Pipeline$18,160,804$101,182 ▼-0.6%454,0990.1%EnergyLLYEli Lilly and Company$18,105,599$693,764 ▼-3.7%21,9220.1%MedicalXOMExxon Mobil$17,381,262$2,564,606 ▼-12.9%146,1470.1%EnergyZTSZoetis$13,918,687$194,122 ▼-1.4%84,5350.1%MedicalMELIMercadoLibre$11,917,864$5,579,488 ▲88.0%6,1090.1%Retail/WholesaleAAPLApple$11,728,464$21,547 ▲0.2%52,8000.1%Computer and TechnologySESEA$11,715,783$2,283,575 ▲24.2%89,7830.1%Computer and TechnologyTCOMTrip.com Group$10,889,473$2,228,479 ▲25.7%171,2720.1%Consumer DiscretionaryTFPMTriple Flag Precious Metals$10,475,114$431,356 ▼-4.0%547,6320.1%Basic MaterialsNTRNutrien$9,687,530$514,247 ▼-5.0%195,2210.1%Basic MaterialsTUTELUS$9,275,760$1,173,924 ▼-11.2%646,8090.1%UtilitiesBAPCredicorp$8,686,225$1,509,571 ▲21.0%46,6600.1%FinanceBKNGBooking$8,430,645$152,028 ▼-1.8%1,8300.1%Retail/WholesaleCMCSAComcast$7,388,708$884,308 ▼-10.7%200,2360.0%Consumer DiscretionaryHLNHaleon$7,258,545$85,304 ▲1.2%705,3980.0%MedicalNUNU$6,811,760$1,131,315 ▲19.9%665,2110.0%FinanceYUMCYum China$6,584,496$63,513 ▼-1.0%126,4790.0%Retail/WholesaleIGSBiShares 1-5 Year Investment Grade Corporate Bond ETF$6,568,926$3,596,562 ▲121.0%125,4330.0%ManufacturingNVSNovartis$6,036,307$73,019 ▲1.2%54,1470.0%MedicalCVXChevron$5,761,133$3,513 ▲0.1%34,4380.0%EnergyINFYAmerican Noble Gas$5,694,018$815,775 ▲16.7%312,0010.0%Computer and TechnologyNVONovo Nordisk A/S$5,581,101$203,598 ▲3.8%80,3730.0%MedicalShowing largest 100 holdings. 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