JARISLOWSKY, FRASER LtdJARISLOWSKY, FRASER Ltd

Institutional investor · Portfolio as of Q1 2022No 13F holdings reported for quarters after Q3 2025.

Top Holdings208 positions

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Activity:

CANADIAN NATL RY CO

10.7M$1.4B7.6%$70.73+79.41%
14 qtrssince 2018-Q4
Decreased
0
20.9M$1.2B6.3%——
14 qtrssince 2018-Q4
Decreased
0

BANK NOVA SCOTIA B C

14.6M$1B5.6%$36.38+62.90%
14 qtrssince 2018-Q4
Decreased
0

Shopify Inc

1.1M$775.8M4.1%$72.74-7.07%
9 qtrssince 2020-Q1
Increased
94

THOMSON REUTERS CORP.

6.6M$716.8M3.8%———
Decreased
0

OPEN TEXT CORP

15.3M$649.7M3.5%$29.73+28.61%
14 qtrssince 2018-Q4
Decreased
0

Microsoft Corp.

2M$617.2M3.3%$99.83+204.83%
14 qtrssince 2018-Q4
Decreased
0

RESTAURANT BRANDS INTL INC

10.4M$605.9M3.2%$42.85+19.43%
14 qtrssince 2018-Q4
Decreased
0

CGI INC

7.4M$586.6M3.1%$69.71+15.76%
13 qtrssince 2019-Q1
Decreased
0

MANULIFE FINL CORP

26.1M$557.4M3.0%$10.56+73.32%
14 qtrssince 2018-Q4
Decreased
0

GILDAN ACTIVEWEAR INC

14.4M$539.1M2.9%$25.50+41.38%
14 qtrssince 2018-Q4
Decreased
0

STANTEC INC COM

10.1M$505.5M2.7%$20.56+139.16%
14 qtrssince 2018-Q4
Decreased
0

FRANCO NEV CORP

2.9M$463.3M2.5%$132.66+17.68%
5 qtrssince 2021-Q1
Increased
59

MAGNA INTL INC

7.2M$462.3M2.5%$37.37+47.02%
8 qtrssince 2020-Q2
Decreased
0

UnitedHealth Group Inc.

745,934$380.4M2.0%$217.32+124.66%
14 qtrssince 2018-Q4
Decreased
0

Amazon.com, Inc.

107,328$349.9M1.9%$134.14+21.52%
14 qtrssince 2018-Q4
Increased
54

DESCARTES SYS GROUP INC

4.7M$344.8M1.8%$30.18+147.87%
14 qtrssince 2018-Q4
Decreased
0

CAE INC

12.3M$321.6M1.7%$19.90+31.52%
14 qtrssince 2018-Q4
Decreased
0

MasterCard Incorporated

782,555$279.7M1.5%$223.19+58.51%
14 qtrssince 2018-Q4
Decreased
0

Abbott Laboratories

2.4M$278.5M1.5%$66.39+62.96%
14 qtrssince 2018-Q4
Increased
51
$18.8B
Reported value
208
Positions
Q1 2022
Filing
HI score · 1.0/5
Quarterly 13F Value Change
+15%Q4'20$19.6B+3%Q1'21$20.3B+5%Q2'21$21.4B-4%Q3'21$20.5B+5%Q4'21$21.5B-13%Q1'22$18.8B
Activity profile
$ moved · Q1'22
New4%Increased15%Decreased80%Exited0%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 2.8 years
<1Q1%1-4Q6%1-2Y7%2Y+86%

JARISLOWSKY, FRASER Ltd reported holdings worth $18.8B across 208 positions as of Q1 2022. Top holdings: CNI (7.6%), BAM/A (6.3%), BNS (5.6%). Fund DNA: Steady Compounder. HoldingsIntel Score: 1/5.0.

Q1 2022 Summary

Active quarter - 7 new positions, 17 exits, 36 increased. Top move: SHOP (INCREASED, conviction 94). Portfolio: $18.8B across 208 positions.

Top holdings by portfolio weight

Total AUM$19B
CNI7.63%
BAM/A6.30%
BNS5.59%
SHOP4.13%
TRI3.82%
OTEX3.46%
MSFT3.29%
QSR3.23%
GIB3.13%
MFC2.97%
Other2.87%

Portfolio allocation by GICS sector

Sectors11
Industrials19.37%
Technology18.85%
Financial Services17.92%
Consumer Cyclical12.20%
Healthcare8.94%
Unknown8.11%
Communication Services4.21%
Consumer Defensive4.06%
Basic Materials3.66%
Real Estate1.31%
Other1.38%

Behavioral investing profile

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Steady Compounder- primarily Industrials, Technology, Financial Services
Compare DNA across all funds
7-dimension, SEC 13F-derived research score

No 13F holdings reported for quarters after Q3 2025.

Weak(1.0 / 5.0)
Holdings P&LNo data
Conviction36
Concentration0
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Position Outcomes

Best and worst performing positions by estimated return

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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Accumulation Streaks

Positions with 2+ consecutive quarters of increases - persistent directional conviction.

Security
4Q
ABEVABEVAMBEV SA SPONSORED ADR
Q4 2024 → Q3 2025+27,156 shares+$51,151
4Q
HDBHDBHDFC BANK LTD
Q4 2024 → Q3 2025+1.7M shares+$9.6M
4Q
HLNHLNHALEON PLC SPON ADS
Q4 2024 → Q3 2025+180,513 shares+$588,008
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer

Verify source filings on SEC EDGAR

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