JARISLOWSKY, FRASER LtdJARISLOWSKY, FRASER Ltd

Institutional investor · Portfolio as of Q2 2023No 13F holdings reported for quarters after Q3 2025.

Top Holdings197 positions

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Activity:

CANADIAN NATL RY CO

9.2M$1.1B6.7%$71.02+60.47%
19 qtrssince 2018-Q4
Decreased
0

BROOKFIELD CORP CL A LTD VT SH

23.3M$784.9M4.7%$20.62+3.65%
3 qtrssince 2022-Q4
Increased
64

OPEN TEXT CORP

16.1M$672.1M4.0%$29.49+27.56%
19 qtrssince 2018-Q4
Decreased
0

THOMSON REUTERS CORP

4.9M$666M4.0%$44.38+189.35%
19 qtrssince 2018-Q4
New
87

BANK NOVA SCOTIA B C

12.8M$642.4M3.8%$36.38+18.09%
19 qtrssince 2018-Q4
Decreased
0

CGI INC

5.7M$605.1M3.6%$69.71+48.41%
18 qtrssince 2019-Q1
Decreased
0

Shopify Inc

9.3M$601.6M3.6%$69.24-6.70%
14 qtrssince 2020-Q1
Decreased
0

Microsoft Corp.

1.8M$597.7M3.6%$101.99+222.36%
19 qtrssince 2018-Q4
Decreased
0

RESTAURANT BRANDS INTL INC

7.4M$574.2M3.4%$42.85+64.98%
19 qtrssince 2018-Q4
Decreased
0

TC ENERGY CORP

13.6M$549.8M3.3%$34.37+3.16%
17 qtrssince 2019-Q2
Increased
63

STANTEC INC COM

7.6M$497M3.0%$20.56+206.99%
19 qtrssince 2018-Q4
Decreased
0

FRANCO NEV CORP

3M$425.9M2.5%$131.83+2.90%
10 qtrssince 2021-Q1
Decreased
0

MANULIFE FINL CORP

22.1M$417.4M2.5%$10.56+61.01%
19 qtrssince 2018-Q4
Decreased
0

MAGNA INTL INC

7.4M$416.2M2.5%$38.70+29.61%
13 qtrssince 2020-Q2
Decreased
0

GILDAN ACTIVEWEAR INC

12.6M$408.1M2.4%$25.50+19.26%
19 qtrssince 2018-Q4
Decreased
0

DESCARTES SYS GROUP INC

4.5M$358.2M2.1%$31.27+150.83%
19 qtrssince 2018-Q4
Decreased
0

Amazon.com, Inc.

2.6M$333.8M2.0%$127.06+2.59%
19 qtrssince 2018-Q4
Decreased
0

UnitedHealth Group Inc.

671,865$322.9M1.9%$222.75+104.03%
19 qtrssince 2018-Q4
Increased
49

CAE INC

13.5M$303.3M1.8%$19.09+13.60%
19 qtrssince 2018-Q4
Decreased
0

MasterCard Incorporated

706,516$277.9M1.7%$223.32+70.86%
19 qtrssince 2018-Q4
Decreased
0
$16.8B
Reported value
197
Positions
Q2 2023
Filing
HI score · 1.0/5
Quarterly 13F Value Change
-13%Q1'22$18.8B-16%Q2'22$15.7B-8%Q3'22$14.4B+6%Q4'22$15.3B+6%Q1'23$16.2B+4%Q2'23$16.8B
Activity profile
$ moved · Q2'23
New23%Increased18%Decreased33%Exited26%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 3.9 years
<1Q3%1-4Q4%1-2Y3%2Y+91%

JARISLOWSKY, FRASER Ltd reported holdings worth $16.8B across 197 positions as of Q2 2023. Top holdings: CNI (6.7%), BN (4.7%), OTEX (4.0%). Fund DNA: Steady Compounder. HoldingsIntel Score: 1/5.0.

Q2 2023 Summary

Active quarter - 7 new positions, 8 exits, 29 increased. Top move: TRI (NEW, conviction 87). Portfolio: $16.8B across 197 positions.

Top holdings by portfolio weight

Total AUM$17B
CNI6.67%
BN4.67%
OTEX4.00%
TRI3.96%
BNS3.82%
GIB3.60%
SHOP3.58%
MSFT3.56%
QSR3.42%
TRP3.27%
Other2.96%

Portfolio allocation by GICS sector

Sectors11
Financial Services20.51%
Technology20.41%
Industrials18.11%
Consumer Cyclical12.17%
Healthcare9.03%
Consumer Defensive4.46%
Energy4.38%
Communication Services3.41%
Basic Materials3.37%
Unknown2.67%
Other1.48%

Behavioral investing profile

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Steady Compounder- primarily Financial Services, Technology, Industrials
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.

Similar Funds

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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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