JARISLOWSKY, FRASER Ltd
Institutional investor · Portfolio as of Q1 2020
Top Holdings210 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
TORONTO-DOMINION BANK | 21.6M | $909.1M | 6.6% | $37.24 | -13.62% | 6 qtrssince 2018-Q4 | Decreased 0 |
CANADIAN NATL RAILWAY CO | 10.8M | $837.4M | 6.1% | $65.76 | +4.33% | 6 qtrssince 2018-Q4 | Decreased 0 |
| 16.5M | $724.6M | 5.3% | — | — | 6 qtrssince 2018-Q4 | Increased 61 | |
ENBRIDGE INC | 24.8M | $715.1M | 5.2% | $20.14 | -3.56% | 6 qtrssince 2018-Q4 | Decreased 0 |
BANK OF NOVA SCOTIA | 15.8M | $638.6M | 4.6% | $34.89 | -19.38% | 6 qtrssince 2018-Q4 | Decreased 0 |
THOMSON REUTERS CORP. | 8.6M | $577.5M | 4.2% | — | — | — | — |
OPEN TEXT CORP | 16.6M | $573.6M | 4.2% | $27.81 | +6.14% | 6 qtrssince 2018-Q4 | Decreased 0 |
MANULIFE FINANCIAL CORP | 43M | $533.8M | 3.9% | $10.56 | -12.98% | 6 qtrssince 2018-Q4 | Increased 61 |
ROYAL BANK OF CANADA | 7.9M | $481.1M | 3.5% | $52.55 | -6.83% | 6 qtrssince 2018-Q4 | Decreased 0 |
NUTRIEN LTD | 13.2M | $444.6M | 3.2% | $37.19 | -27.49% | 6 qtrssince 2018-Q4 | Decreased 0 |
CGI INC | 8.2M | $439.3M | 3.2% | $69.26 | -24.62% | 5 qtrssince 2019-Q1 | Increased 57 |
RESTAURANT BRANDS INTERN | 9.8M | $390.6M | 2.8% | $40.32 | -18.23% | 6 qtrssince 2018-Q4 | Increased 66 |
MICROSOFT CORP | 2.4M | $371.8M | 2.7% | $97.97 | +55.71% | 6 qtrssince 2018-Q4 | Decreased 0 |
STANTEC INC | 12.7M | $320M | 2.3% | $20.24 | +14.34% | 6 qtrssince 2018-Q4 | Decreased 0 |
CANADIAN NATURAL RESOURCES | 19.3M | $258.1M | 1.9% | $8.38 | -50.50% | 6 qtrssince 2018-Q4 | Decreased 0 |
PEMBINA PIPELINE CORP | 12.3M | $228.7M | 1.7% | $20.56 | -40.81% | 6 qtrssince 2018-Q4 | Decreased 0 |
GILDAN ACTIVEWEAR INC | 18M | $227M | 1.7% | $25.95 | -55.26% | 6 qtrssince 2018-Q4 | Increased 53 |
BECTON DICKINSON AND CO | 856,514 | $196.8M | 1.4% | $157.18 | -0.67% | 6 qtrssince 2018-Q4 | Increased 49 |
UNITEDHEALTH GROUP INC | 784,290 | $195.6M | 1.4% | $215.40 | +6.24% | 6 qtrssince 2018-Q4 | Decreased 0 |
SHOPIFY INC - CLASS A | 469,182 | $194.4M | 1.4% | $43.04 | 0.00% | 1 qtr | New 70 |
JARISLOWSKY, FRASER Ltd manages $13.7B across 210 positions as of Q1 2020. Top holdings: TD (6.6%), CNI (6.1%), BAM/A (5.3%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 1/5.0.
Active quarter - 5 new positions, 21 exits, 62 increased. Top move: SHOP (NEW, conviction 70). Portfolio: $13.7B across 210 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Last filed Q3 2025 - no longer filing.
Position Outcomes
Best and worst performing positions by estimated return
Top Winners
Top Losers
Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer