JARISLOWSKY, FRASER Ltd
Institutional investor · Portfolio as of Q3 2023
Top Holdings188 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
CANADIAN NATL RAILWAY CO | 9.1M | $989.5M | 6.4% | $71.02 | +45.88% | 20 qtrssince 2018-Q4 | Decreased 0 |
BROOKFIELD CORP /CAD/ | 23.1M | $724.7M | 4.7% | $20.62 | -0.38% | 4 qtrssince 2022-Q4 | Decreased 0 |
BANK OF NOVA SCOTIA | 12.6M | $568.3M | 3.7% | $36.38 | +12.54% | 20 qtrssince 2018-Q4 | Decreased 0 |
OPEN TEXT CORP | 15.9M | $561M | 3.6% | $29.49 | +10.51% | 20 qtrssince 2018-Q4 | Decreased 0 |
CGI INC | 5.6M | $557.7M | 3.6% | $69.71 | +40.73% | 19 qtrssince 2019-Q1 | Decreased 0 |
THOMSON REUTERS CORP | 4.5M | $547.8M | 3.6% | $44.38 | +165.12% | 20 qtrssince 2018-Q4 | Decreased 0 |
MICROSOFT CORP | 1.7M | $541.7M | 3.5% | $101.99 | +204.43% | 20 qtrssince 2018-Q4 | Decreased 0 |
RESTAURANT BRANDS INTERN | 7.3M | $487.2M | 3.2% | $42.85 | +43.96% | 20 qtrssince 2018-Q4 | Decreased 0 |
STANTEC INC | 7.5M | $487.2M | 3.2% | $20.56 | +211.47% | 20 qtrssince 2018-Q4 | Decreased 0 |
TC ENERGY CORP | 13.6M | $470M | 3.1% | $34.37 | -9.42% | 18 qtrssince 2019-Q2 | Increased 57 |
SHOPIFY INC - CLASS A | 7.7M | $421.2M | 2.7% | $36.87 | +48.01% | 15 qtrssince 2020-Q1 | Decreased 0 |
MANULIFE FINANCIAL CORP | 21.7M | $397.5M | 2.6% | $10.56 | +60.07% | 20 qtrssince 2018-Q4 | Decreased 0 |
FRANCO-NEVADA CORP /CAD/ | 2.9M | $393.8M | 2.6% | $131.83 | -0.76% | 11 qtrssince 2021-Q1 | Decreased 0 |
MAGNA INTERNATIONAL INC | 7.2M | $390.2M | 2.5% | $38.70 | +24.13% | 14 qtrssince 2020-Q2 | Decreased 0 |
GILDAN ACTIVEWEAR INC | 12.5M | $350.8M | 2.3% | $25.50 | +5.62% | 20 qtrssince 2018-Q4 | Decreased 0 |
UNITEDHEALTH GROUP INC | 661,907 | $333.7M | 2.2% | $222.75 | +116.76% | 20 qtrssince 2018-Q4 | Decreased 0 |
DESCARTES SYS GROUP INC | 4.5M | $328.5M | 2.1% | $31.27 | +134.68% | 20 qtrssince 2018-Q4 | Decreased 0 |
AMAZON.COM INC | 2.6M | $326.1M | 2.1% | $109.35 | +16.25% | 20 qtrssince 2018-Q4 | Increased 53 |
CAE INC | 13.5M | $316.4M | 2.1% | $19.09 | +22.35% | 20 qtrssince 2018-Q4 | Decreased 0 |
MASTERCARD INC - A | 699,205 | $276.8M | 1.8% | $223.32 | +74.74% | 20 qtrssince 2018-Q4 | Decreased 0 |
JARISLOWSKY, FRASER Ltd manages $15.4B across 188 positions as of Q3 2023. Top holdings: CNI (6.4%), BN (4.7%), BNS (3.7%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 1/5.0.
Active quarter - 2 new positions, 11 exits, 26 increased. Top move: TRP (INCREASED, conviction 57). Portfolio: $15.4B 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