JARISLOWSKY, FRASER Ltd
Institutional investor · Portfolio as of Q4 2023
Top Holdings221 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
CANADIAN NATL RAILWAY CO | 8.8M | $1.1B | 6.6% | $71.02 | +70.03% | 21 qtrssince 2018-Q4 | Decreased 0 |
BROOKFIELD CORP /CAD/ | 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 OF NOVA SCOTIA | 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 INTERN | 7M | $552.9M | 3.3% | $42.85 | +70.05% | 21 qtrssince 2018-Q4 | Decreased 0 |
STANTEC INC | 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 FINANCIAL CORP | 20.7M | $460M | 2.7% | $10.56 | +96.23% | 21 qtrssince 2018-Q4 | Decreased 0 |
MAGNA INTERNATIONAL 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-NEVADA CORP /CAD/ | 3.4M | $383.4M | 2.3% | $128.45 | -15.19% | 12 qtrssince 2021-Q1 | Increased 62 |
SHOPIFY INC - CLASS A | 4.9M | $380.1M | 2.2% | $36.87 | +111.29% | 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% | $109.35 | +38.95% | 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 INC - A | 687,785 | $293.3M | 1.7% | $223.32 | +88.52% | 21 qtrssince 2018-Q4 | Decreased 0 |
JARISLOWSKY, FRASER Ltd manages $17B across 221 positions as of Q4 2023. Top holdings: CNI (6.6%), BN (5.3%), OTEX (3.8%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 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
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