JARISLOWSKY, FRASER Ltd
Institutional investor · Portfolio as of Q1 2022
Top Holdings208 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
CANADIAN NATL RAILWAY CO | 10.7M | $1.4B | 7.6% | $70.73 | +79.41% | 14 qtrssince 2018-Q4 | Decreased 0 |
| 20.9M | $1.2B | 6.3% | — | — | 14 qtrssince 2018-Q4 | Decreased 0 | |
BANK OF NOVA SCOTIA | 14.6M | $1B | 5.6% | $36.38 | +62.90% | 14 qtrssince 2018-Q4 | Decreased 0 |
SHOPIFY INC - CLASS A | 1.1M | $775.8M | 4.1% | $74.75 | -5.61% | 9 qtrssince 2020-Q1 | Increased 94 |
THOMSON REUTERS CORP. | 6.6M | $716.8M | 3.8% | — | — | — | — |
OPEN TEXT CORP | 15.3M | $649.7M | 3.5% | $29.73 | +28.61% | 14 qtrssince 2018-Q4 | Decreased 0 |
MICROSOFT CORP | 2M | $617.2M | 3.3% | $99.83 | +204.83% | 14 qtrssince 2018-Q4 | Decreased 0 |
RESTAURANT BRANDS INTERN | 10.4M | $605.9M | 3.2% | $42.85 | +19.43% | 14 qtrssince 2018-Q4 | Decreased 0 |
CGI INC | 7.4M | $586.6M | 3.1% | $69.71 | +15.76% | 13 qtrssince 2019-Q1 | Decreased 0 |
MANULIFE FINANCIAL CORP | 26.1M | $557.4M | 3.0% | $10.56 | +73.32% | 14 qtrssince 2018-Q4 | Decreased 0 |
GILDAN ACTIVEWEAR INC | 14.4M | $539.1M | 2.9% | $25.50 | +41.38% | 14 qtrssince 2018-Q4 | Decreased 0 |
STANTEC INC | 10.1M | $505.5M | 2.7% | $20.56 | +139.16% | 14 qtrssince 2018-Q4 | Decreased 0 |
FRANCO-NEVADA CORP /CAD/ | 2.9M | $463.3M | 2.5% | $132.66 | +17.68% | 5 qtrssince 2021-Q1 | Increased 59 |
MAGNA INTERNATIONAL INC | 7.2M | $462.3M | 2.5% | $37.37 | +47.02% | 8 qtrssince 2020-Q2 | Decreased 0 |
UNITEDHEALTH GROUP INC | 745,934 | $380.4M | 2.0% | $217.32 | +124.66% | 14 qtrssince 2018-Q4 | Decreased 0 |
AMAZON.COM INC | 107,328 | $349.9M | 1.9% | $134.21 | +23.91% | 14 qtrssince 2018-Q4 | Increased 54 |
DESCARTES SYS GROUP INC | 4.7M | $344.8M | 1.8% | $30.18 | +147.87% | 14 qtrssince 2018-Q4 | Decreased 0 |
CAE INC | 12.3M | $321.6M | 1.7% | $19.90 | +31.52% | 14 qtrssince 2018-Q4 | Decreased 0 |
MASTERCARD INC - A | 782,555 | $279.7M | 1.5% | $223.19 | +58.51% | 14 qtrssince 2018-Q4 | Decreased 0 |
ABBOTT LABORATORIES | 2.4M | $278.5M | 1.5% | $66.39 | +62.96% | 14 qtrssince 2018-Q4 | Increased 51 |
JARISLOWSKY, FRASER Ltd manages $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 Rating: 1/5.0.
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
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