JARISLOWSKY, FRASER Ltd
Institutional investor · Portfolio as of Q4 2021
Top Holdings218 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
CANADIAN NATL RAILWAY CO | 12M | $1.5B | 6.8% | $70.73 | +59.12% | 13 qtrssince 2018-Q4 | Decreased 0 |
| 23.5M | $1.4B | 6.5% | — | — | 13 qtrssince 2018-Q4 | Decreased 0 | |
BANK OF NOVA SCOTIA | 17M | $1.2B | 5.5% | $36.38 | +57.68% | 13 qtrssince 2018-Q4 | Decreased 0 |
NUTRIEN LTD | 12.2M | $907.8M | 4.2% | $36.85 | +79.42% | 13 qtrssince 2018-Q4 | Decreased 0 |
THOMSON REUTERS CORP. | 7.3M | $868.7M | 4.0% | — | — | — | — |
OPEN TEXT CORP | 17.1M | $804.5M | 3.7% | $29.73 | +42.51% | 13 qtrssince 2018-Q4 | Decreased 0 |
SHOPIFY INC - CLASS A | 568,890 | $774.9M | 3.6% | $79.00 | +76.98% | 8 qtrssince 2020-Q1 | Decreased 0 |
MANULIFE FINANCIAL CORP | 39.6M | $747.2M | 3.5% | $10.56 | +51.64% | 13 qtrssince 2018-Q4 | Decreased 0 |
CGI INC | 8.3M | $723.5M | 3.4% | $69.71 | +26.20% | 12 qtrssince 2019-Q1 | Increased 60 |
RESTAURANT BRANDS INTERN | 11.6M | $697.5M | 3.2% | $42.85 | +22.79% | 13 qtrssince 2018-Q4 | Decreased 0 |
GILDAN ACTIVEWEAR INC | 16.5M | $692M | 3.2% | $25.50 | +52.60% | 13 qtrssince 2018-Q4 | Decreased 0 |
MICROSOFT CORP | 2M | $687.6M | 3.2% | $99.83 | +228.89% | 13 qtrssince 2018-Q4 | Decreased 0 |
MAGNA INTERNATIONAL INC | 8.1M | $645.6M | 3.0% | $37.37 | +83.94% | 7 qtrssince 2020-Q2 | Decreased 0 |
STANTEC INC | 11.4M | $633.1M | 2.9% | $20.56 | +162.64% | 13 qtrssince 2018-Q4 | Decreased 0 |
DESCARTES SYS GROUP INC | 4.8M | $388.8M | 1.8% | $30.18 | +173.39% | 13 qtrssince 2018-Q4 | Decreased 0 |
UNITEDHEALTH GROUP INC | 749,503 | $376.4M | 1.8% | $217.32 | +116.95% | 13 qtrssince 2018-Q4 | Decreased 0 |
FRANCO-NEVADA CORP /CAD/ | 2.6M | $361.2M | 1.7% | $130.28 | +1.52% | 4 qtrssince 2021-Q1 | Decreased 0 |
CAE INC | 14.2M | $353.8M | 1.6% | $19.90 | +24.43% | 13 qtrssince 2018-Q4 | Decreased 0 |
AMAZON.COM INC | 97,466 | $325M | 1.5% | $130.96 | +28.77% | 13 qtrssince 2018-Q4 | Increased 51 |
ABBOTT LABORATORIES | 2.3M | $316.8M | 1.5% | $64.50 | +98.76% | 13 qtrssince 2018-Q4 | Decreased 0 |
JARISLOWSKY, FRASER Ltd manages $21.5B across 218 positions as of Q4 2021. Top holdings: CNI (6.8%), BAM/A (6.5%), BNS (5.5%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 1/5.0.
Active quarter - 14 new positions, 15 exits, 35 increased. Top move: GIB (INCREASED, conviction 60). Portfolio: $21.5B across 218 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