JARISLOWSKY, FRASER Ltd
Institutional investor · Portfolio as of Q4 2023No 13F holdings reported for quarters after Q3 2025.
Top Holdings221 positions
CANADIAN NATL RY CO | 8.8M | $1.1B | 6.6% | $71.02 | +70.03% | 21 qtrssince 2018-Q4 | Decreased 0 |
BROOKFIELD CORP CL A LTD VT SH | 22.5M | $907.1M | 5.3% | $20.62 | +28.10% | 5 qtrssince 2022-Q4 | Decreased 0 |
OPEN TEXT CORP | 15.4M | $650M | 3.8% | $29.49 | +33.12% | 21 qtrssince 2018-Q4 | Decreased 0 |
BANK NOVA SCOTIA B C | 13.2M | $643.9M | 3.8% | $36.68 | +19.22% | 21 qtrssince 2018-Q4 | Increased 60 |
THOMSON REUTERS CORP | 4.3M | $632.3M | 3.7% | $44.38 | +218.08% | 21 qtrssince 2018-Q4 | Decreased 0 |
Microsoft Corp. | 1.7M | $625.6M | 3.7% | $101.99 | +263.30% | 21 qtrssince 2018-Q4 | Decreased 0 |
CGI INC | 5.3M | $575.7M | 3.4% | $69.71 | +53.19% | 20 qtrssince 2019-Q1 | Decreased 0 |
RESTAURANT BRANDS INTL INC | 7M | $552.9M | 3.3% | $42.85 | +70.05% | 21 qtrssince 2018-Q4 | Decreased 0 |
STANTEC INC COM | 6.5M | $520.9M | 3.1% | $20.56 | +285.77% | 21 qtrssince 2018-Q4 | Decreased 0 |
TC ENERGY CORP | 13.2M | $516.8M | 3.0% | $34.37 | +4.57% | 19 qtrssince 2019-Q2 | Decreased 0 |
MANULIFE FINL CORP | 20.7M | $460M | 2.7% | $10.56 | +96.23% | 21 qtrssince 2018-Q4 | Decreased 0 |
MAGNA INTL INC | 7M | $413.6M | 2.4% | $38.70 | +37.93% | 15 qtrssince 2020-Q2 | Decreased 0 |
GILDAN ACTIVEWEAR INC | 11.9M | $394.9M | 2.3% | $25.50 | +25.30% | 21 qtrssince 2018-Q4 | Decreased 0 |
FRANCO NEV CORP | 3.4M | $383.4M | 2.3% | $128.45 | -15.19% | 12 qtrssince 2021-Q1 | Increased 62 |
Shopify Inc | 4.9M | $380.1M | 2.2% | $69.24 | +12.51% | 16 qtrssince 2020-Q1 | Decreased 0 |
CAE INC | 17.3M | $376M | 2.2% | $19.64 | +9.92% | 21 qtrssince 2018-Q4 | Increased 67 |
DESCARTES SYS GROUP INC | 4.3M | $366M | 2.2% | $31.27 | +168.83% | 21 qtrssince 2018-Q4 | Decreased 0 |
Amazon.com, Inc. | 2.3M | $355.9M | 2.1% | $127.06 | +19.58% | 21 qtrssince 2018-Q4 | Decreased 0 |
UnitedHealth Group Inc. | 653,209 | $343.9M | 2.0% | $222.75 | +127.11% | 21 qtrssince 2018-Q4 | Decreased 0 |
MasterCard Incorporated | 687,785 | $293.3M | 1.7% | $223.32 | +88.52% | 21 qtrssince 2018-Q4 | Decreased 0 |
JARISLOWSKY, FRASER Ltd reported holdings worth $17B across 221 positions as of Q4 2023. Top holdings: CNI (6.6%), BN (5.3%), OTEX (3.8%). Fund DNA: Steady Compounder. HoldingsIntel Score: 1/5.0.
Active quarter - 37 new positions, 4 exits, 51 increased. Top move: CAE (INCREASED, conviction 67). Portfolio: $17.0B across 221 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
No 13F holdings reported for quarters after Q3 2025.
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
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