JARISLOWSKY, FRASER LtdJARISLOWSKY, FRASER Ltd

Institutional investor · Portfolio as of Q4 2019No 13F holdings reported for quarters after Q3 2025.

Top Holdings226 positions

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Activity:

TORONTO DOMINION BK ONT

21.7M$1.2B6.4%$37.24+15.90%
5 qtrssince 2018-Q4
Increased
62

ENBRIDGE INC

25.1M$1B5.3%$20.14+33.34%
5 qtrssince 2018-Q4
Increased
63

CANADIAN NATL RY CO

10.9M$985.2M5.2%$65.76+22.30%
5 qtrssince 2018-Q4
Increased
62
16.5M$955.8M5.1%——
5 qtrssince 2018-Q4
Increased
69

ROYAL BK CDA

11.7M$924.6M4.9%$52.55+18.71%
5 qtrssince 2018-Q4
Decreased
0

BANK NOVA SCOTIA B C

15.9M$899.7M4.8%$34.89+15.53%
5 qtrssince 2018-Q4
Increased
59

MANULIFE FINL CORP

40.8M$829.4M4.4%$10.64+43.68%
5 qtrssince 2018-Q4
Increased
59

OPEN TEXT CORP

16.7M$738.2M3.9%$27.81+35.05%
5 qtrssince 2018-Q4
Increased
59

THOMSON REUTERS CORP.

9.6M$687.4M3.6%———
Increased
58

CGI INC

8.2M$683.6M3.6%$69.37+19.88%
4 qtrssince 2019-Q1
Increased
59

NUTRIEN LTD

13.2M$631.7M3.3%$37.19+4.29%
5 qtrssince 2018-Q4
Increased
59

CANADIAN NAT RES LTD

19.5M$631.3M3.3%$8.18+37.72%
5 qtrssince 2018-Q4
Increased
58

RESTAURANT BRANDS INTL INC

7.7M$492.7M2.6%$42.30+22.31%
5 qtrssince 2018-Q4
Increased
55

GILDAN ACTIVEWEAR INC

16.5M$489.9M2.6%$27.22-1.64%
5 qtrssince 2018-Q4
Increased
64

PEMBINA PIPELINE CORP

12.4M$461.7M2.4%$20.56+27.42%
5 qtrssince 2018-Q4
Increased
55

Microsoft Corp.

2.6M$402.6M2.1%$97.97+52.73%
5 qtrssince 2018-Q4
Decreased
0

STANTEC INC COM

12.8M$361.4M1.9%$20.24+31.24%
5 qtrssince 2018-Q4
Increased
49

CAE INC

11.8M$312.5M1.7%$18.55+42.55%
5 qtrssince 2018-Q4
Increased
49

JPMorgan Chase & Co.

1.9M$261.6M1.4%$79.22+47.64%
5 qtrssince 2018-Q4
Decreased
0

UnitedHealth Group Inc.

874,412$257.1M1.4%$215.40+23.71%
5 qtrssince 2018-Q4
Increased
50
$18.9B
Reported value
226
Positions
Q4 2019
Filing
HI score · 1.0/5
Quarterly 13F Value Change
+10%Q1'19$16B+3%Q2'19$16.5B+8%Q3'19$17.8B+6%Q4'19$18.9B
Activity profile
$ moved · Q4'19
New1%Increased80%Decreased19%Exited0%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 3.6 quarters
<1Q4%1-4Q16%1-2Y80%2Y+0%

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

Q4 2019 Summary

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

Total AUM$19B
TD6.44%
ENB5.29%
CNI5.21%
BAM/A5.05%
RY4.89%
BNS4.76%
MFC4.38%
OTEX3.90%
TRI3.63%
GIB3.61%
Other3.34%

Portfolio allocation by GICS sector

Sectors11
Financial Services26.66%
Industrials14.72%
Energy13.31%
Technology12.53%
Healthcare7.38%
Unknown7.24%
Consumer Cyclical6.73%
Consumer Defensive5.23%
Basic Materials3.42%
Communication Services2.55%
Other0.24%

Behavioral investing profile

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Steady Compounder- primarily Financial Services, Industrials, Energy
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
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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.

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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
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HDBHDBHDFC BANK LTD
Q4 2024 → Q3 2025+1.7M shares+$9.6M
4Q
HLNHLNHALEON PLC
Q4 2024 → Q3 2025+180,513 shares+$588,008
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer

Verify source filings on SEC EDGAR

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