Jarislowsky, Fraser Ltd

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1123778
Institutional-grade research for retail investors

13F Reported Value

$18.2B

Holdings

192

Latest Filing

2025-09-30

Filing Quarter

Q3 2025

Portfolio Overview

Jarislowsky, Fraser Ltd disclosed 192 positions worth $18.2B in its Form 13F-HR for Q3 2025, led by $BN (BROOKFIELD Corp /ON/) at 5.6% of the equity portfolio, followed by $TD and $CNI. During the quarter the fund opened 5 new positions and exited 1 — including a new stake in $RBA and a full exit from $AMD. The portfolio is most concentrated in Technology (32.1% of disclosed assets). All figures are sourced directly from Jarislowsky, Fraser Ltd’s Form 13F-HR filing with the SEC under CIK 1123778.

Sector Allocation

TechnologyFinancialsIndustrialsOtherConsumer DiscretionaryReal Estate

AUM History

Top Equity Holdings by Value

Quarterly Activity — Q3 2025

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Top Holdings

AI Quality Scored

Unlock AI quality scores for every holding

32-signal composite ranking on each of Jarislowsky, Fraser Ltd's 192 positions.

Showing top 10 of 192 holdings.

Sector Allocation

Technology

$5.8B

Financials

$2.7B

Industrials

$1.8B

Other

$1.7B

Consumer Discretionary

$1.5B

Real Estate

$1.3B

Energy

$1.1B

Healthcare

$1.1B

Full Holdings — Jarislowsky, Fraser Ltd (Q3 2025)

All 192 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#TickerCompanyValueWeightQoQQuality
1BN$BNBROOKFIELD Corp /ON/$1.0B5.6%-5%
2TD$TDTORONTO DOMINION BANK$938.0M5.2%-2%
3CNI$CNICANADIAN NATIONAL RAILWAY CO$836.8M4.6%-4%
4OTEX$OTEXOPEN TEXT CORP$790.7M4.3%+1%
5Bank of Montreal$760.4M4.2%-9%
6SHOP$SHOPSHOPIFY INC.$722.4M4.0%-4%
7MSFT$MSFTMICROSOFT CORP$661.8M3.6%-9%83.7
8CAE$CAECAE INC$620.3M3.4%-4%
9TRP$TRPTC ENERGY CORP$584.7M3.2%-4%
10FNV$FNVFRANCO NEVADA Corp$548.3M3.0%-12%
11Thomson Reuters Corp$448.3M2.5%-4%
12STN$STNSTANTEC INC$440.3M2.4%-18%
13AMZN$AMZNAMAZON COM INC$435.1M2.4%-1%74.6
14GIL$GILGildan Activewear Inc.$395.7M2.2%-8%
15GIB$GIBCGI INC$359.4M2.0%-4%
16PBA$PBAPEMBINA PIPELINE CORP$356.5M2.0%+1895%
17ORCL$ORCLORACLE CORP$343.3M1.9%-14%67.2
18CIGI$CIGIColliers International Group Inc.$331.0M1.8%-16%
19MA$MAMastercard Inc$311.5M1.7%-3%81.7
20ABT$ABTABBOTT LABORATORIES$289.1M1.6%-2%67
21TFII$TFIITFI International Inc.$281.8M1.6%-3%
22JPM$JPMJPMORGAN CHASE & CO$277.0M1.5%-5%35.6
23GOOGL$GOOGLAlphabet Inc.$262.8M1.4%-6%80.2
24GOOG$GOOGAlphabet Inc.$262.5M1.4%-11%80.2
25IBKR$IBKRInteractive Brokers Group, Inc.$256.3M1.4%-12%75.5
26RY$RYROYAL BANK OF CANADA$242.6M1.3%-17%
27DSGX$DSGXDESCARTES SYSTEMS GROUP INC$233.9M1.3%-5%
28UNH$UNHUNITEDHEALTH GROUP INC$229.5M1.3%-1%66.8
29BSX$BSXBOSTON SCIENTIFIC CORP$214.1M1.2%-3%79.9
30QSR$QSRRestaurant Brands International Inc.$209.4M1.1%-4%71.2
31TSM$TSMTAIWAN SEMICONDUCTOR MANUFACTURING CO LTD$206.6M1.1%-0%
32RBA$RBARB GLOBAL INC.$195.6M1.1%NEW
33FISV$FISVFISERV INC$194.5M1.1%+9%67.4
34PEP$PEPPEPSICO INC$182.9M1.0%+0%62.7
35Becton Dickinson and Company$175.0M1.0%-1%
36META$METAMeta Platforms, Inc.$173.0M0.9%+36%80.9
37IQV$IQVIQVIA HOLDINGS INC.$149.2M0.8%-1%59.7
38CPRT$CPRTCOPART INC$140.0M0.8%-3%74.9
39AVGO$AVGOBroadcom Inc.$138.9M0.8%-1%86.4
40ACN$ACNAccenture plc$132.1M0.7%-3%
41TJX$TJXTJX COMPANIES INC /DE/$128.5M0.7%-1%70.7
42SHW$SHWSHERWIN WILLIAMS CO$120.0M0.7%-3%65.3
43AME$AMEAMETEK INC/$115.6M0.6%-2%74.2
44HDB$HDBHDFC BANK LTD$113.3M0.6%+83%
45BRK.B$BRK.BBerkshire Hathaway Inc - B$111.4M0.6%-3%
46DHR$DHRDANAHER CORP /DE/$109.9M0.6%-2%63.9
47CDNS$CDNSCADENCE DESIGN SYSTEMS INC$106.6M0.6%-1%74.4
48MFC$MFCMANULIFE FINANCIAL CORP$102.0M0.6%-3%
49GWRE$GWREGuidewire Software, Inc.$101.1M0.6%-1%66.2
50MDLZ$MDLZMondelez International, Inc.$97.0M0.5%+9%53.9
51INTU$INTUINTUIT INC.$90.5M0.5%NEW82
52PEG$PEGPUBLIC SERVICE ENTERPRISE GROUP INC$85.6M0.5%+107%74.6
53OZK$OZKBank OZK$84.5M0.5%-8%
54ENB$ENBENBRIDGE INC$84.3M0.5%-3%
55JNJ$JNJJOHNSON & JOHNSON$83.5M0.5%-5%72.8
56BNS$BNSBANK OF NOVA SCOTIA$80.4M0.4%-9%
57CB$CBChubb Ltd$78.7M0.4%-3%
58MNST$MNSTMonster Beverage Corp$72.3M0.4%-1%77
59PG$PGPROCTER & GAMBLE Co$62.1M0.3%-4%72.9
60ASML Holding NV-NY Reg Shs$60.7M0.3%+0%
61RELX$RELXRELX PLC$53.9M0.3%-2%
62AFG$AFGAMERICAN FINANCIAL GROUP INC$53.9M0.3%-1%59.9
63CME$CMECME GROUP INC.$47.3M0.3%-2%74.5
64SAP$SAPSAP SE$44.1M0.2%+14%
65COST$COSTCOSTCO WHOLESALE CORP /NEW$40.6M0.2%-6%67
66UL$ULUNILEVER PLC$40.1M0.2%+3%
67CL$CLCOLGATE PALMOLIVE CO$33.5M0.2%-7%72.4
68DEO$DEODIAGEO PLC$32.4M0.2%-44%
69AX$AXAxos Financial, Inc.$32.4M0.2%-1%34.3
70CACC$CACCCREDIT ACCEPTANCE CORP$32.3M0.2%-2%70.6
71SPY$SPYSPDR S&P 500 ETF TRUST$27.5M0.1%-19%
72SFBS$SFBSServisFirst Bancshares, Inc.$24.4M0.1%-1%
73PGR$PGRPROGRESSIVE CORP/OH/$22.5M0.1%-1%83.6
74LCII$LCIILCI INDUSTRIES$22.1M0.1%-1%62
75Verisk Analytics Inc - A$21.8M0.1%-12%
76ABBV$ABBVAbbVie Inc.$20.6M0.1%+0%59.3
77ADSK$ADSKAutodesk, Inc.$18.8M0.1%-83%76.4
78ALC$ALCALCON INC$17.2M0.1%-2%
79XOM$XOMEXXON MOBIL CORP$16.1M0.1%-1%61.8
80LLY$LLYELI LILLY & Co$15.5M0.1%-1%89.3
81SE$SESea Ltd$15.5M0.1%-3%
82ADP$ADPAUTOMATIC DATA PROCESSING INC$15.4M0.1%-15%77.9
83MELI$MELIMERCADOLIBRE INC$14.4M0.1%+0%77.5
84TFPM$TFPMTriple Flag Precious Metals Corp.$13.0M0.1%-16%
85TCOM$TCOMTrip.com Group Ltd$12.5M0.1%-2%
86AAPL$AAPLApple Inc.$11.4M0.1%-15%76.1
87ZTS$ZTSZoetis Inc.$11.2M0.1%-8%72.6
88NTR$NTRNutrien Ltd.$10.7M0.1%-1%
89NU Holdings Ltd/Cayman Islands$10.4M0.1%+0%
90BAP$BAPCREDICORP LTD$10.4M0.1%-17%
91iShares 1-5 Year Investment Grade Corporate Bond ETF$10.2M0.1%+49%
92TU$TUTELUS CORP$10.2M0.1%-1%
93BKNG$BKNGBooking Holdings Inc.$8.8M0.1%-4%55.3
94ATS$ATSATS Corp /ATS$8.8M0.1%-12%
95NVDA$NVDANVIDIA CORP$8.4M0.1%+519%90.2
96HLN$HLNHaleon plc$7.4M0.0%+12%
97NVS$NVSNOVARTIS AG$6.7M0.0%-3%
98EMR$EMREMERSON ELECTRIC CO$6.0M0.0%+0%65.9
99Comcast Corp - A$5.6M0.0%-10%
100FMX$FMXMEXICAN ECONOMIC DEVELOPMENT INC$5.5M0.0%-2%
101YUMC$YUMCYum China Holdings, Inc.$5.4M0.0%+0%65.2
102CP$CPCANADIAN PACIFIC KANSAS CITY LTD/CN$5.2M0.0%+12%
103CVX$CVXCHEVRON CORP$5.1M0.0%+0%54.7
104SU$SUSUNCOR ENERGY INC$4.9M0.0%+7%
105iShares 5-10 Year Inv. Grade Corp. Bond ETF$4.8M0.0%+61%
106BCE$BCEBCE INC$4.7M0.0%+13%
107CM$CMCANADIAN IMPERIAL BANK OF COMMERCE /CAN/$4.4M0.0%+21%
108McDonald's Corporation$4.1M0.0%-3%
109KO$KOCOCA COLA CO$3.9M0.0%-2%74
110INFY$INFYInfosys Ltd$3.9M0.0%-23%
111SLF$SLFSUN LIFE FINANCIAL INC$3.7M0.0%+5%
112PFE$PFEPFIZER INC$3.6M0.0%-1%69
113iShares Barclays 1-3 Yr Trsry Bond ETF$3.4M0.0%+67%
114DOO$DOOBRP Inc.$3.2M0.0%-23%
115DUK$DUKDuke Energy CORP$3.0M0.0%+0%64
116TTE$TTETotalEnergies SE$2.9M0.0%-3%
117XEL$XELXCEL ENERGY INC$2.8M0.0%+0%
118CVS$CVSCVS HEALTH Corp$2.8M0.0%-3%51.3
119MRK$MRKMerck & Co., Inc.$2.8M0.0%-4%70.9
120NGG$NGGNATIONAL GRID PLC$2.7M0.0%-0%
121NKE$NKENIKE, Inc.$2.7M0.0%-6%53.4
122NVO$NVONOVO NORDISK A S$2.6M0.0%-36%
123IMO$IMOIMPERIAL OIL LTD$2.5M0.0%+3%
124KMB$KMBKIMBERLY CLARK CORP$2.4M0.0%-1%61.7
125ALL$ALLALLSTATE CORP$2.4M0.0%-0%76.6
126JD$JDJD.com, Inc.$2.3M0.0%-11%
127iShares Core 1-5 Year USD Bond ETF$2.2M0.0%+39%
128CNQ$CNQCANADIAN NATURAL RESOURCES Ltd$2.1M0.0%+33%
129ING$INGING GROEP NV$2.0M0.0%+0%
130V$VVISA INC.$1.9M0.0%-9%83.5
131EOG$EOGEOG RESOURCES INC$1.7M0.0%+0%71.1
132LIN$LINLINDE PLC$1.7M0.0%-0%
133B$BBARRICK MINING CORP$1.5M0.0%+41%
134BRK.A$BRK.ABerkshire Hathaway Inc - A$1.5M0.0%+0%
135AZN$AZNASTRAZENECA PLC$1.5M0.0%+13%
136WMT$WMTWalmart Inc.$1.4M0.0%-2%63.2
137HD$HDHOME DEPOT, INC.$1.3M0.0%+0%69.2
138iShares MSCI EAFE Index Fund$1.3M0.0%+0%
139AFL$AFLAFLAC INC$1.3M0.0%+0%60.3
140IFF$IFFINTERNATIONAL FLAVORS & FRAGRANCES INC$1.1M0.0%-5%42.4
141SHEL$SHELShell plc$1.1M0.0%-3%
142GLD$GLDSPDR GOLD TRUST$1.1M0.0%-10%
143ZBH$ZBHZIMMER BIOMET HOLDINGS, INC.$1.0M0.0%+0%64.9
144WFC$WFCWELLS FARGO & COMPANY/MN$1.0M0.0%+4%
145AEM$AEMAGNICO EAGLE MINES LTD$998,3140.0%+24%
146Magna International Inc - A$980,3320.0%+21%
147PM$PMPhilip Morris International Inc.$932,6500.0%+0%80.5
148IHG$IHGINTERCONTINENTAL HOTELS GROUP PLC /NEW/$901,4460.0%+1%
149Rogers Communications Inc - B$836,3070.0%+54%
150SONY$SONYSony Group Corp$722,1100.0%+37%
151FTS$FTSFortis Inc.$676,0180.0%+2%
152MDT$MDTMedtronic plc$666,2030.0%-0%
153CTAS$CTASCINTAS CORP$656,8320.0%+0%76.3
154LOW$LOWLOWES COMPANIES INC$642,0970.0%-17%63.5
155SNN$SNNSMITH & NEPHEW PLC$622,3730.0%-18%
156QQQ$QQQINVESCO QQQ TRUST, SERIES 1$621,3820.0%NEW
157MO$MOALTRIA GROUP, INC.$614,3580.0%+0%72.1
158WCN$WCNWaste Connections, Inc.$595,0330.0%+26%
159iShares US Technology ETF$565,0560.0%+0%
160MUFG$MUFGMITSUBISHI UFJ FINANCIAL GROUP INC$557,0710.0%NEW
161MET$METMETLIFE INC$554,7610.0%-51%73.9
162Teck Resources Limited - B$529,1080.0%+71%
163MMM$MMM3M CO$515,9730.0%-8%60.7
164MRSH$MRSHMARSH & MCLENNAN COMPANIES, INC.$468,1540.0%+0%71.5
165CVE$CVECENOVUS ENERGY INC.$449,6050.0%+61%
166iShares S&P 500 ETF$441,7380.0%+18%
167TXN$TXNTEXAS INSTRUMENTS INC$408,7990.0%-4%70.4
168MTB$MTBM&T BANK CORP$387,3350.0%-9%64.1
169USB$USBUS BANCORP DE$386,1560.0%-28%71.4
170WFG$WFGWEST FRASER TIMBER CO., LTD$381,7310.0%+56%
171HLT$HLTHilton Worldwide Holdings Inc.$374,8900.0%+0%73.1
172Brown-Forman Corp - A$355,2120.0%+0%
173Brown-Forman Corp - B$353,5830.0%-4%
174VLO$VLOVALERO ENERGY CORP/TX$339,1570.0%+0%51.4
175CAT$CATCATERPILLAR INC$336,3900.0%+0%67.8
176ROST$ROSTROSS STORES, INC.$331,2950.0%+0%71.5
177CAH$CAHCARDINAL HEALTH INC$313,9200.0%+0%58.6
178CDW$CDWCDW Corp$310,4360.0%+0%61.6
179ADBE$ADBEADOBE INC.$305,1280.0%+0%80.4
180CYBR$CYBRCyberArk Software Ltd.$299,5530.0%-100%
181TRV$TRVTRAVELERS COMPANIES, INC.$290,3880.0%+0%71.5
182ITW$ITWILLINOIS TOOL WORKS INC$276,9270.0%+0%71.2
183iShares MSCI Emerging Market$269,1890.0%-40%
184D$DDOMINION ENERGY, INC$265,2330.0%+0%74.9
185FAST$FASTFASTENAL CO$240,0990.0%+0%73.5
186TT$TTTrane Technologies plc$238,4070.0%-6%
187UNP$UNPUNION PACIFIC CORP$237,0790.0%+0%74
188BIDU$BIDUBaidu, Inc.$232,4420.0%NEW
189XP$XPXP Inc.$205,7310.0%-97%
190SITE$SITESiteOne Landscape Supply, Inc.$204,0190.0%-100%47
191HON$HONHONEYWELL INTERNATIONAL INC$201,6590.0%+0%65.7
192ABEV$ABEVAMBEV S.A.$160,4500.0%+1%

New Positions (5)

RBA$RBA RB GLOBAL INC.$195.6M
INTU$INTU INTUIT INC.$90.5M
QQQ$QQQ INVESCO QQQ TRUST, SERIES 1$621,382
MUFG$MUFG MITSUBISHI UFJ FINANCIAL GROUP INC$557,071
BIDU$BIDU Baidu, Inc.$232,442

Exited Positions (1)

AMD$AMD ADVANCED MICRO DEVICES INC

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