JARISLOWSKY, FRASER Ltd
Institutional investor · Portfolio as of Q2 2025
Top Holdings188 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
CANADIAN NATL RAILWAY CO | 9.2M | $961M | 5.5% | $73.58 | +39.51% | 27 qtrssince 2018-Q4 | Increased 62 |
BROOKFIELD CORP /CAD/ | 15.5M | $957.8M | 5.5% | $20.62 | +98.67% | 11 qtrssince 2022-Q4 | Decreased 0 |
TORONTO-DOMINION BANK | 12M | $880.6M | 5.0% | $56.25 | +27.71% | 27 qtrssince 2018-Q4 | Decreased 0 |
BANK OF MONTREAL | 6.4M | $707.8M | 4.0% | $85.47 | +26.17% | 27 qtrssince 2018-Q4 | Decreased 0 |
MICROSOFT CORP | 1.4M | $695.2M | 4.0% | $115.75 | +326.95% | 27 qtrssince 2018-Q4 | Decreased 0 |
CAE INC | 21.7M | $636.1M | 3.6% | $20.22 | +38.86% | 27 qtrssince 2018-Q4 | Decreased 0 |
OPEN TEXT CORP | 21M | $613.3M | 3.5% | $28.85 | -2.22% | 27 qtrssince 2018-Q4 | Increased 59 |
THOMSON REUTERS CORP | 3M | $604.2M | 3.5% | $44.38 | +339.22% | 27 qtrssince 2018-Q4 | Decreased 0 |
SHOPIFY INC - CLASS A | 5.1M | $585.1M | 3.3% | $64.27 | +76.83% | 22 qtrssince 2020-Q1 | Increased 72 |
TC ENERGY CORP | 11.2M | $547.8M | 3.1% | $34.37 | +40.42% | 25 qtrssince 2019-Q2 | Decreased 0 |
STANTEC INC | 5M | $539M | 3.1% | $27.55 | +297.21% | 27 qtrssince 2018-Q4 | Decreased 0 |
FRANCO-NEVADA CORP /CAD/ | 2.8M | $458.3M | 2.6% | $128.35 | +25.68% | 18 qtrssince 2021-Q1 | Decreased 0 |
CGI INC | 4.2M | $442.1M | 2.5% | $69.71 | +48.06% | 26 qtrssince 2019-Q1 | Decreased 0 |
AMAZON.COM INC | 2M | $441.3M | 2.5% | $111.90 | +99.56% | 27 qtrssince 2018-Q4 | Increased 55 |
GILDAN ACTIVEWEAR INC | 7.4M | $364.5M | 2.1% | $26.90 | +80.62% | 27 qtrssince 2018-Q4 | Increased 57 |
COLLIERS INTL GROUP INC | 2.5M | $330.7M | 1.9% | $121.03 | +7.84% | 27 qtrssince 2018-Q4 | Increased 60 |
MASTERCARD INC - A | 562,749 | $316.2M | 1.8% | $223.32 | +145.40% | 27 qtrssince 2018-Q4 | Decreased 0 |
ORACLE CORP | 1.4M | $312M | 1.8% | $52.52 | +297.75% | 27 qtrssince 2018-Q4 | Increased 51 |
ABBOTT LABORATORIES | 2.2M | $298.7M | 1.7% | $71.95 | +83.93% | 27 qtrssince 2018-Q4 | Increased 49 |
TFI INTERNATIONAL INC | 3.3M | $296M | 1.7% | $80.84 | +11.13% | 2 qtrssince 2025-Q1 | Increased 68 |
JARISLOWSKY, FRASER Ltd manages $17.5B across 188 positions as of Q2 2025. Top holdings: CNI (5.5%), BN (5.5%), TD (5.0%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 1/5.0.
Active quarter - 6 new positions, 3 exits, 56 increased. Top move: SHOP (INCREASED, conviction 72). Portfolio: $17.5B across 188 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