JARISLOWSKY, FRASER LtdJARISLOWSKY, FRASER Ltd

Institutional investor · Portfolio as of Q2 2022No 13F holdings reported for quarters after Q3 2025.

Top Holdings205 positions

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Activity:

CANADIAN NATL RY CO

10.5M$1.2B7.5%$70.73+48.53%
15 qtrssince 2018-Q4
Decreased
0
20.7M$916.8M5.8%——
15 qtrssince 2018-Q4
Decreased
0

BANK NOVA SCOTIA B C

14.5M$855.6M5.4%$36.38+33.84%
15 qtrssince 2018-Q4
Decreased
0

THOMSON REUTERS CORP.

6.5M$674.2M4.3%———
Decreased
0

CGI INC

7.2M$576.3M3.7%$69.71+13.35%
14 qtrssince 2019-Q1
Decreased
0

OPEN TEXT CORP

15.1M$571.4M3.6%$29.73+14.89%
15 qtrssince 2018-Q4
Decreased
0

RESTAURANT BRANDS INTL INC

10.3M$514.2M3.3%$42.85+2.86%
15 qtrssince 2018-Q4
Decreased
0

Microsoft Corp.

1.9M$498.1M3.2%$99.83+153.37%
15 qtrssince 2018-Q4
Decreased
0

MAGNA INTL INC

8.3M$455.3M2.9%$38.70+22.17%
9 qtrssince 2020-Q2
Increased
62

MANULIFE FINL CORP

25.3M$437.1M2.8%$10.56+41.04%
15 qtrssince 2018-Q4
Decreased
0

STANTEC INC COM

9.9M$434.6M2.8%$20.56+106.53%
15 qtrssince 2018-Q4
Decreased
0

GILDAN ACTIVEWEAR INC

14.2M$407.3M2.6%$25.50+4.87%
15 qtrssince 2018-Q4
Decreased
0

Shopify Inc

12.5M$390.3M2.5%$69.24-54.88%
10 qtrssince 2020-Q1
Increased
86

FRANCO NEV CORP

2.9M$378.5M2.4%$132.66+0.09%
6 qtrssince 2021-Q1
Decreased
0

UnitedHealth Group Inc.

674,377$346.4M2.2%$217.32+123.25%
15 qtrssince 2018-Q4
Decreased
0

DESCARTES SYS GROUP INC

4.9M$302.1M1.9%$31.27+98.57%
15 qtrssince 2018-Q4
Increased
50

CAE INC

12.1M$297.9M1.9%$19.90+21.27%
15 qtrssince 2018-Q4
Decreased
0

Amazon.com, Inc.

2.7M$284.2M1.8%$128.61-17.42%
15 qtrssince 2018-Q4
Increased
78

Abbott Laboratories

2.3M$250.7M1.6%$66.39+50.19%
15 qtrssince 2018-Q4
Decreased
0

MasterCard Incorporated

755,169$238.2M1.5%$223.19+41.36%
15 qtrssince 2018-Q4
Decreased
0
$15.7B
Reported value
205
Positions
Q2 2022
Filing
HI score · 1.0/5
Quarterly 13F Value Change
+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-16%Q2'22$15.7B
Activity profile
$ moved · Q2'22
New1%Increased23%Decreased76%Exited0%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 3.0 years
<1Q2%1-4Q3%1-2Y9%2Y+86%

JARISLOWSKY, FRASER Ltd reported holdings worth $15.7B across 205 positions as of Q2 2022. Top holdings: CNI (7.5%), BAM/A (5.8%), BNS (5.4%). Fund DNA: Steady Compounder. HoldingsIntel Score: 1/5.0.

Q2 2022 Summary

Active quarter - 5 new positions, 8 exits, 46 increased. Top move: SHOP (INCREASED, conviction 86). Portfolio: $15.7B across 205 positions.

Top holdings by portfolio weight

Total AUM$16B
CNI7.49%
BAM/A5.83%
BNS5.44%
TRI4.29%
GIB3.67%
OTEX3.64%
QSR3.27%
MSFT3.17%
MGA2.90%
MFC2.78%
Other2.77%

Portfolio allocation by GICS sector

Sectors11
Industrials20.22%
Technology17.70%
Financial Services17.61%
Consumer Cyclical12.32%
Healthcare9.53%
Unknown7.70%
Consumer Defensive4.48%
Communication Services3.82%
Basic Materials3.51%
Real Estate1.51%
Other1.59%

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
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
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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