JARISLOWSKY, FRASER Ltd
Institutional investor · Portfolio as of Q4 2019
Top Holdings226 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
TORONTO-DOMINION BANK | 21.7M | $1.2B | 6.4% | $37.24 | +15.90% | 5 qtrssince 2018-Q4 | Increased 62 |
ENBRIDGE INC | 25.1M | $1B | 5.3% | $20.14 | +33.34% | 5 qtrssince 2018-Q4 | Increased 63 |
CANADIAN NATL RAILWAY CO | 10.9M | $985.2M | 5.2% | $65.76 | +22.30% | 5 qtrssince 2018-Q4 | Increased 62 |
| 16.5M | $955.8M | 5.1% | — | — | 5 qtrssince 2018-Q4 | Increased 69 | |
ROYAL BANK OF CANADA | 11.7M | $924.6M | 4.9% | $52.55 | +18.71% | 5 qtrssince 2018-Q4 | Decreased 0 |
BANK OF NOVA SCOTIA | 15.9M | $899.7M | 4.8% | $34.89 | +15.53% | 5 qtrssince 2018-Q4 | Increased 59 |
MANULIFE FINANCIAL CORP | 40.8M | $829.4M | 4.4% | $10.64 | +43.68% | 5 qtrssince 2018-Q4 | Increased 59 |
OPEN TEXT CORP | 16.7M | $738.2M | 3.9% | $27.81 | +35.05% | 5 qtrssince 2018-Q4 | Increased 59 |
THOMSON REUTERS CORP. | 9.6M | $687.4M | 3.6% | — | — | — | — |
CGI INC | 8.2M | $683.6M | 3.6% | $69.37 | +19.88% | 4 qtrssince 2019-Q1 | Increased 59 |
NUTRIEN LTD | 13.2M | $631.7M | 3.3% | $37.19 | +4.29% | 5 qtrssince 2018-Q4 | Increased 59 |
CANADIAN NATURAL RESOURCES | 19.5M | $631.3M | 3.3% | $8.38 | +37.63% | 5 qtrssince 2018-Q4 | Increased 58 |
RESTAURANT BRANDS INTERN | 7.7M | $492.7M | 2.6% | $42.30 | +22.31% | 5 qtrssince 2018-Q4 | Increased 55 |
GILDAN ACTIVEWEAR INC | 16.5M | $489.9M | 2.6% | $27.22 | -1.64% | 5 qtrssince 2018-Q4 | Increased 64 |
PEMBINA PIPELINE CORP | 12.4M | $461.7M | 2.4% | $20.56 | +27.42% | 5 qtrssince 2018-Q4 | Increased 55 |
MICROSOFT CORP | 2.6M | $402.6M | 2.1% | $97.97 | +52.73% | 5 qtrssince 2018-Q4 | Decreased 0 |
STANTEC INC | 12.8M | $361.4M | 1.9% | $20.24 | +31.24% | 5 qtrssince 2018-Q4 | Increased 49 |
CAE INC | 11.8M | $312.5M | 1.7% | $18.55 | +42.55% | 5 qtrssince 2018-Q4 | Increased 49 |
JPMORGAN CHASE & CO | 1.9M | $261.6M | 1.4% | $79.22 | +47.64% | 5 qtrssince 2018-Q4 | Decreased 0 |
UNITEDHEALTH GROUP INC | 874,412 | $257.1M | 1.4% | $215.40 | +23.71% | 5 qtrssince 2018-Q4 | Increased 50 |
JARISLOWSKY, FRASER Ltd manages $18.9B across 226 positions as of Q4 2019. Top holdings: TD (6.4%), ENB (5.3%), CNI (5.2%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 1/5.0.
Active quarter - 9 new positions, 9 exits, 77 increased. Top move: BAM/A (INCREASED, conviction 69). Portfolio: $18.9B across 226 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