JARISLOWSKY, FRASER LtdJARISLOWSKY, FRASER Ltd

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

Top Holdings188 positions

Checking export access…
Activity:

CANADIAN NATL RY CO

9.2M$961M5.5%$73.58+39.51%
27 qtrssince 2018-Q4
Increased
62

BROOKFIELD CORP CL A LTD VT SH

15.5M$957.8M5.5%$20.62+98.67%
11 qtrssince 2022-Q4
Decreased
0

TORONTO DOMINION BK ONT

12M$880.6M5.0%$56.25+27.71%
27 qtrssince 2018-Q4
Decreased
0

BANK MONTREAL QUE

6.4M$707.8M4.0%$85.47+26.17%
27 qtrssince 2018-Q4
Decreased
0

Microsoft Corp.

1.4M$695.2M4.0%$115.75+326.95%
27 qtrssince 2018-Q4
Decreased
0

CAE INC

21.7M$636.1M3.6%$20.22+38.86%
27 qtrssince 2018-Q4
Decreased
0

OPEN TEXT CORP

21M$613.3M3.5%$28.85-2.22%
27 qtrssince 2018-Q4
Increased
59

THOMSON REUTERS CORP

3M$604.2M3.5%$44.38+339.22%
27 qtrssince 2018-Q4
Decreased
0

Shopify Inc

5.1M$585.1M3.3%$80.96+42.47%
22 qtrssince 2020-Q1
Increased
72

TC ENERGY CORP

11.2M$547.8M3.1%$34.37+40.42%
25 qtrssince 2019-Q2
Decreased
0

STANTEC INC COM

5M$539M3.1%$27.55+297.21%
27 qtrssince 2018-Q4
Decreased
0

FRANCO NEV CORP

2.8M$458.3M2.6%$128.35+25.68%
18 qtrssince 2021-Q1
Decreased
0

CGI INC

4.2M$442.1M2.5%$69.71+48.06%
26 qtrssince 2019-Q1
Decreased
0

Amazon.com, Inc.

2M$441.3M2.5%$129.13+69.90%
27 qtrssince 2018-Q4
Increased
55

GILDAN ACTIVEWEAR INC

7.4M$364.5M2.1%$26.90+80.62%
27 qtrssince 2018-Q4
Increased
57

COLLIERS INTL GROUP INC SUB VTG SHS

2.5M$330.7M1.9%$121.03+7.84%
27 qtrssince 2018-Q4
Increased
60

MasterCard Incorporated

562,749$316.2M1.8%$223.32+145.40%
27 qtrssince 2018-Q4
Decreased
0

Oracle Corp.

1.4M$312M1.8%$52.52+297.75%
27 qtrssince 2018-Q4
Increased
51

Abbott Laboratories

2.2M$298.7M1.7%$71.95+83.93%
27 qtrssince 2018-Q4
Increased
49

TFI INTERNATIONAL INC COM

3.3M$296M1.7%$80.84+11.13%
2 qtrssince 2025-Q1
Increased
68
$17.5B
Reported value
188
Positions
Q2 2025
Filing
HI score · 1.0/5
Quarterly 13F Value Change
+3%Q1'24$17.4B-6%Q2'24$16.5B+9%Q3'24$17.9B-4%Q4'24$17.1B-7%Q1'25$16B+10%Q2'25$17.5B
Activity profile
$ moved · Q2'25
New0%Increased51%Decreased49%Exited0%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 5.5 years
<1Q1%1-4Q4%1-2Y3%2Y+92%

JARISLOWSKY, FRASER Ltd reported holdings worth $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 Score: 1/5.0.

Q2 2025 Summary

Added 5 new positions, exited 2, increased 57, trimmed 95. Top move: SHOP (INCREASED, conviction 72). Portfolio: $17.5B across 188 positions.

Top holdings by portfolio weight

Total AUM$18B
CNI5.49%
BN5.47%
TD5.03%
BMO4.04%
MSFT3.97%
CAE3.63%
OTEX3.50%
TRI3.45%
SHOP3.34%
TRP3.13%
Other3.08%

Portfolio allocation by GICS sector

Sectors11
Financial Services25.62%
Technology22.08%
Industrials19.87%
Healthcare7.55%
Consumer Cyclical7.07%
Energy3.85%
Basic Materials3.48%
Communication Services3.24%
Consumer Defensive3.21%
Real Estate1.89%
Other2.13%

Behavioral investing profile

Checking access…
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
Checking access…

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

Funds with similar investing DNA

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
Checking access…

Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer

Verify source filings on SEC EDGAR

Analytics tracking helps us improve the product. Essential functions stay on either way. How analytics data is used