JARISLOWSKY, FRASER Ltd
Institutional investor · Portfolio as of Q1 2023No 13F holdings reported for quarters after Q3 2025.
Top Holdings198 positions
CANADIAN NATL RY CO | 9.6M | $1.1B | 6.9% | $71.02 | +55.00% | 18 qtrssince 2018-Q4 | Increased 62 |
THOMSON REUTERS CORP. | 5.5M | $711M | 4.4% | — | — | — | Decreased 0 |
BROOKFIELD CORP CL A LTD VT SH | 21.2M | $688.8M | 4.2% | $20.54 | +0.72% | 2 qtrssince 2022-Q4 | Increased 63 |
BANK NOVA SCOTIA B C | 13.4M | $675.4M | 4.2% | $36.38 | +17.82% | 18 qtrssince 2018-Q4 | Decreased 0 |
OPEN TEXT CORP | 16.8M | $647.3M | 4.0% | $29.49 | +18.07% | 18 qtrssince 2018-Q4 | Increased 58 |
CGI INC | 6.7M | $645.4M | 4.0% | $69.71 | +35.77% | 17 qtrssince 2019-Q1 | Decreased 0 |
Microsoft Corp. | 1.9M | $563.3M | 3.5% | $101.99 | +172.69% | 18 qtrssince 2018-Q4 | Decreased 0 |
RESTAURANT BRANDS INTL INC | 7.7M | $519.4M | 3.2% | $42.85 | +38.82% | 18 qtrssince 2018-Q4 | Decreased 0 |
STANTEC INC COM | 8.6M | $502.3M | 3.1% | $20.56 | +178.98% | 18 qtrssince 2018-Q4 | Decreased 0 |
Shopify Inc | 10.3M | $494.1M | 3.0% | $69.24 | -30.76% | 13 qtrssince 2020-Q1 | Decreased 0 |
TC ENERGY CORP | 12.4M | $481.2M | 3.0% | $34.27 | -0.66% | 16 qtrssince 2019-Q2 | Increased 82 |
FRANCO NEV CORP | 3.1M | $455.3M | 2.8% | $131.83 | +7.87% | 9 qtrssince 2021-Q1 | Decreased 0 |
GILDAN ACTIVEWEAR INC | 13.2M | $437.4M | 2.7% | $25.50 | +21.66% | 18 qtrssince 2018-Q4 | Decreased 0 |
MANULIFE FINL CORP | 23.4M | $428.4M | 2.6% | $10.56 | +54.48% | 18 qtrssince 2018-Q4 | Decreased 0 |
MAGNA INTL INC | 7.7M | $411.3M | 2.5% | $38.70 | +21.94% | 12 qtrssince 2020-Q2 | Decreased 0 |
DESCARTES SYS GROUP INC | 4.7M | $377.7M | 2.3% | $31.27 | +153.42% | 18 qtrssince 2018-Q4 | Decreased 0 |
CAE INC | 14.1M | $318.6M | 2.0% | $19.09 | +17.00% | 18 qtrssince 2018-Q4 | Decreased 0 |
UnitedHealth Group Inc. | 662,414 | $313.1M | 1.9% | $219.45 | +103.50% | 18 qtrssince 2018-Q4 | Increased 49 |
Amazon.com, Inc. | 2.8M | $290.7M | 1.8% | $127.06 | -18.71% | 18 qtrssince 2018-Q4 | Increased 49 |
MasterCard Incorporated | 722,860 | $262.7M | 1.6% | $223.32 | +58.09% | 18 qtrssince 2018-Q4 | Decreased 0 |
JARISLOWSKY, FRASER Ltd reported holdings worth $16.2B across 198 positions as of Q1 2023. Top holdings: CNI (6.9%), TRI (4.4%), BN (4.2%). Fund DNA: Steady Compounder. HoldingsIntel Score: 1/5.0.
Active quarter - 4 new positions, 12 exits, 39 increased. Top move: TRP (INCREASED, conviction 82). Portfolio: $16.2B across 198 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
No 13F holdings reported for quarters after Q3 2025.
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
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