JARISLOWSKY, FRASER Ltd
Institutional investor · Portfolio as of Q1 2025
Top Holdings185 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
CANADIAN NATL RAILWAY CO | 9.2M | $896.8M | 5.6% | $73.51 | +30.87% | 26 qtrssince 2018-Q4 | Increased 62 |
BROOKFIELD CORP /CAD/ | 15.8M | $829.1M | 5.2% | $20.62 | +66.95% | 10 qtrssince 2022-Q4 | Decreased 0 |
TORONTO-DOMINION BANK | 12.1M | $726.6M | 4.6% | $56.25 | +4.69% | 26 qtrssince 2018-Q4 | Increased 94 |
BANK OF MONTREAL | 6.5M | $625.4M | 3.9% | $85.47 | +7.62% | 26 qtrssince 2018-Q4 | Decreased 0 |
CAE INC | 23.2M | $570M | 3.6% | $20.22 | +21.16% | 26 qtrssince 2018-Q4 | Decreased 0 |
THOMSON REUTERS CORP | 3.3M | $563.6M | 3.5% | $44.38 | +278.27% | 26 qtrssince 2018-Q4 | Decreased 0 |
TC ENERGY CORP | 11.5M | $543M | 3.4% | $34.37 | +36.31% | 24 qtrssince 2019-Q2 | Decreased 0 |
MICROSOFT CORP | 1.4M | $542.1M | 3.4% | $115.75 | +225.51% | 26 qtrssince 2018-Q4 | Increased 61 |
OPEN TEXT CORP | 20.6M | $520.5M | 3.3% | $28.86 | -14.60% | 26 qtrssince 2018-Q4 | Increased 64 |
STANTEC INC | 5.6M | $467.5M | 2.9% | $27.55 | +197.16% | 26 qtrssince 2018-Q4 | Increased 60 |
FRANCO-NEVADA CORP /CAD/ | 2.9M | $450.5M | 2.8% | $128.35 | +20.85% | 17 qtrssince 2021-Q1 | Decreased 0 |
CGI INC | 4.3M | $425.6M | 2.7% | $69.71 | +40.46% | 25 qtrssince 2019-Q1 | Decreased 0 |
RESTAURANT BRANDS INTERN | 6.2M | $414.9M | 2.6% | $42.85 | +46.43% | 26 qtrssince 2018-Q4 | Decreased 0 |
SHOPIFY INC - CLASS A | 4M | $380.5M | 2.4% | $50.90 | +89.94% | 21 qtrssince 2020-Q1 | Decreased 0 |
AMAZON.COM INC | 2M | $374.1M | 2.3% | $109.35 | +76.24% | 26 qtrssince 2018-Q4 | Decreased 0 |
UNITEDHEALTH GROUP INC | 595,533 | $311.9M | 2.0% | $223.49 | +126.32% | 26 qtrssince 2018-Q4 | Decreased 0 |
MASTERCARD INC - A | 568,326 | $311.5M | 2.0% | $223.32 | +140.69% | 26 qtrssince 2018-Q4 | Decreased 0 |
GILDAN ACTIVEWEAR INC | 7M | $307.8M | 1.9% | $25.50 | +74.80% | 26 qtrssince 2018-Q4 | Decreased 0 |
ABBOTT LABORATORIES | 2.2M | $287.8M | 1.8% | $71.23 | +80.38% | 26 qtrssince 2018-Q4 | Decreased 0 |
FISERV INC | 1.2M | $271.2M | 1.7% | $85.37 | +153.17% | 26 qtrssince 2018-Q4 | Decreased 0 |
JARISLOWSKY, FRASER Ltd manages $16B across 185 positions as of Q1 2025. Top holdings: CNI (5.6%), BN (5.2%), TD (4.6%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 1/5.0.
Active quarter - 3 new positions, 7 exits, 36 increased. Top move: TD (INCREASED, conviction 94). Portfolio: $16.0B across 185 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