JARISLOWSKY, FRASER Ltd
Institutional investor · Portfolio as of Q3 2022
Top Holdings207 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
CANADIAN NATL RAILWAY CO | 10.2M | $1.1B | 7.7% | $70.73 | +45.84% | 16 qtrssince 2018-Q4 | Decreased 0 |
| 20.2M | $831.3M | 5.8% | — | — | 16 qtrssince 2018-Q4 | Decreased 0 | |
BANK OF NOVA SCOTIA | 14.1M | $676.2M | 4.7% | $36.38 | +9.93% | 16 qtrssince 2018-Q4 | Decreased 0 |
THOMSON REUTERS CORP. | 6.3M | $651.8M | 4.5% | — | — | — | — |
RESTAURANT BRANDS INTERN | 10M | $537M | 3.7% | $42.85 | +13.80% | 16 qtrssince 2018-Q4 | Decreased 0 |
CGI INC | 7.1M | $535M | 3.7% | $69.71 | +7.62% | 15 qtrssince 2019-Q1 | Decreased 0 |
MICROSOFT CORP | 1.9M | $450.2M | 3.1% | $99.83 | +131.70% | 16 qtrssince 2018-Q4 | Decreased 0 |
STANTEC INC | 9.7M | $429M | 3.0% | $20.56 | +108.86% | 16 qtrssince 2018-Q4 | Decreased 0 |
OPEN TEXT CORP | 14.9M | $395.2M | 2.7% | $29.73 | -17.88% | 16 qtrssince 2018-Q4 | Decreased 0 |
GILDAN ACTIVEWEAR INC | 13.9M | $394.6M | 2.7% | $25.50 | +5.77% | 16 qtrssince 2018-Q4 | Decreased 0 |
MANULIFE FINANCIAL CORP | 24.6M | $388.1M | 2.7% | $10.56 | +30.06% | 16 qtrssince 2018-Q4 | Decreased 0 |
MAGNA INTERNATIONAL INC | 8.1M | $387.9M | 2.7% | $38.70 | +6.27% | 10 qtrssince 2020-Q2 | Decreased 0 |
FRANCO-NEVADA CORP /CAD/ | 3M | $364.1M | 2.5% | $131.78 | -12.98% | 7 qtrssince 2021-Q1 | Increased 56 |
UNITEDHEALTH GROUP INC | 664,241 | $335.5M | 2.3% | $217.32 | +120.96% | 16 qtrssince 2018-Q4 | Decreased 0 |
SHOPIFY INC - CLASS A | 12.3M | $332M | 2.3% | $36.87 | -27.39% | 11 qtrssince 2020-Q1 | Decreased 0 |
DESCARTES SYS GROUP INC | 4.8M | $309M | 2.1% | $31.27 | +105.38% | 16 qtrssince 2018-Q4 | Decreased 0 |
AMAZON.COM INC | 2.7M | $306.7M | 2.1% | $110.00 | +4.36% | 16 qtrssince 2018-Q4 | Increased 54 |
CAE INC | 15.1M | $232.5M | 1.6% | $19.09 | -17.42% | 16 qtrssince 2018-Q4 | Increased 59 |
ABBOTT LABORATORIES | 2.3M | $222.7M | 1.5% | $66.39 | +34.35% | 16 qtrssince 2018-Q4 | Decreased 0 |
MASTERCARD INC - A | 756,810 | $215.2M | 1.5% | $223.32 | +25.78% | 16 qtrssince 2018-Q4 | Increased 48 |
JARISLOWSKY, FRASER Ltd manages $14.4B across 207 positions as of Q3 2022. Top holdings: CNI (7.7%), BAM/A (5.8%), BNS (4.7%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 1/5.0.
Active quarter - 7 new positions, 5 exits, 51 increased. Top move: CAE (INCREASED, conviction 59). Portfolio: $14.4B across 207 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