JARISLOWSKY, FRASER Ltd
Institutional investor · Portfolio as of Q3 2021
Top Holdings219 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
CANADIAN NATL RAILWAY CO | 12.3M | $1.4B | 7.0% | $70.73 | +50.69% | 12 qtrssince 2018-Q4 | Increased 63 |
| 24.1M | $1.3B | 6.3% | — | — | 12 qtrssince 2018-Q4 | Decreased 0 | |
BANK OF NOVA SCOTIA | 17.5M | $1.1B | 5.3% | $36.38 | +34.23% | 12 qtrssince 2018-Q4 | Increased 68 |
THOMSON REUTERS CORP. | 8M | $879.7M | 4.3% | — | — | — | — |
OPEN TEXT CORP | 17.7M | $862.6M | 4.2% | $29.73 | +45.57% | 12 qtrssince 2018-Q4 | Decreased 0 |
NUTRIEN LTD | 12.6M | $816.7M | 4.0% | $36.85 | +55.08% | 12 qtrssince 2018-Q4 | Decreased 0 |
SHOPIFY INC - CLASS A | 586,484 | $795.9M | 3.9% | $79.00 | +70.43% | 7 qtrssince 2020-Q1 | Decreased 0 |
MANULIFE FINANCIAL CORP | 40.9M | $787.4M | 3.8% | $10.56 | +52.02% | 12 qtrssince 2018-Q4 | Decreased 0 |
RESTAURANT BRANDS INTERN | 11.7M | $714.2M | 3.5% | $42.85 | +24.02% | 12 qtrssince 2018-Q4 | Increased 70 |
CGI INC | 8M | $676M | 3.3% | $68.99 | +23.85% | 11 qtrssince 2019-Q1 | Decreased 0 |
MAGNA INTERNATIONAL INC | 8.3M | $624.2M | 3.0% | $37.37 | +70.15% | 6 qtrssince 2020-Q2 | Decreased 0 |
GILDAN ACTIVEWEAR INC | 17M | $622.5M | 3.0% | $25.50 | +34.56% | 12 qtrssince 2018-Q4 | Decreased 0 |
MICROSOFT CORP | 2.1M | $594M | 2.9% | $99.83 | +174.76% | 12 qtrssince 2018-Q4 | Decreased 0 |
STANTEC INC | 11.8M | $553.5M | 2.7% | $20.56 | +121.80% | 12 qtrssince 2018-Q4 | Decreased 0 |
CAE INC | 14.8M | $440.6M | 2.1% | $19.90 | +48.10% | 12 qtrssince 2018-Q4 | Decreased 0 |
DESCARTES SYS GROUP INC | 4.8M | $389.8M | 1.9% | $30.18 | +164.21% | 12 qtrssince 2018-Q4 | Increased 49 |
FRANCO-NEVADA CORP /CAD/ | 2.7M | $347.7M | 1.7% | $130.28 | -4.95% | 3 qtrssince 2021-Q1 | Decreased 0 |
AMAZON.COM INC | 93,674 | $307.7M | 1.5% | $129.44 | +27.52% | 12 qtrssince 2018-Q4 | Increased 50 |
UNITEDHEALTH GROUP INC | 758,451 | $296.4M | 1.4% | $217.32 | +71.66% | 12 qtrssince 2018-Q4 | Decreased 0 |
ALPHABET INC-CL A | 104,654 | $279.8M | 1.4% | $56.06 | +137.89% | 12 qtrssince 2018-Q4 | Decreased 0 |
JARISLOWSKY, FRASER Ltd manages $20.5B across 219 positions as of Q3 2021. Top holdings: CNI (7.0%), BAM/A (6.3%), BNS (5.3%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 1/5.0.
Active quarter - 2 new positions, 11 exits, 51 increased. Top move: QSR (INCREASED, conviction 70). Portfolio: $20.5B across 219 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