Jarislowsky, Fraser Ltd
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.
AI Fund Analysis
StableSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q3 2025
Click any card to unlockTop Holdings
- —
Quality
$1.0B14,806,245 sh - —
Quality
$938.0M11,728,785 sh - —
Quality
$836.8M8,871,249 sh - —
Quality
$790.7M21,150,154 sh Bank of Montreal
—Quality
$760.4M5,833,830 sh- —
Quality
$722.4M4,861,383 sh - 83.7
Quality
$661.8M1,277,760 sh - —
Quality
$620.3M20,943,262 sh - —
Quality
$584.7M10,751,401 sh - —
Quality
$548.3M2,462,713 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
| — | $1.0B | 14,806,245 | |
| — | $938.0M | 11,728,785 | |
| — | $836.8M | 8,871,249 | |
| — | $790.7M | 21,150,154 | |
| Bank of Montreal | — | $760.4M | 5,833,830 |
| — | $722.4M | 4,861,383 | |
| 83.7 | $661.8M | 1,277,760 | |
| — | $620.3M | 20,943,262 | |
| — | $584.7M | 10,751,401 | |
| — | $548.3M | 2,462,713 |
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.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | BROOKFIELD Corp /ON/ | $1.0B | 5.6% | -5% | — | |
| 2 | TORONTO DOMINION BANK | $938.0M | 5.2% | -2% | — | |
| 3 | CANADIAN NATIONAL RAILWAY CO | $836.8M | 4.6% | -4% | — | |
| 4 | OPEN TEXT CORP | $790.7M | 4.3% | +1% | — | |
| 5 | — | Bank of Montreal | $760.4M | 4.2% | -9% | — |
| 6 | SHOPIFY INC. | $722.4M | 4.0% | -4% | — | |
| 7 | MICROSOFT CORP | $661.8M | 3.6% | -9% | 83.7 | |
| 8 | CAE INC | $620.3M | 3.4% | -4% | — | |
| 9 | TC ENERGY CORP | $584.7M | 3.2% | -4% | — | |
| 10 | FRANCO NEVADA Corp | $548.3M | 3.0% | -12% | — | |
| 11 | — | Thomson Reuters Corp | $448.3M | 2.5% | -4% | — |
| 12 | STANTEC INC | $440.3M | 2.4% | -18% | — | |
| 13 | AMAZON COM INC | $435.1M | 2.4% | -1% | 74.6 | |
| 14 | Gildan Activewear Inc. | $395.7M | 2.2% | -8% | — | |
| 15 | CGI INC | $359.4M | 2.0% | -4% | — | |
| 16 | PEMBINA PIPELINE CORP | $356.5M | 2.0% | +1895% | — | |
| 17 | ORACLE CORP | $343.3M | 1.9% | -14% | 67.2 | |
| 18 | Colliers International Group Inc. | $331.0M | 1.8% | -16% | — | |
| 19 | Mastercard Inc | $311.5M | 1.7% | -3% | 81.7 | |
| 20 | ABBOTT LABORATORIES | $289.1M | 1.6% | -2% | 67 | |
| 21 | TFI International Inc. | $281.8M | 1.6% | -3% | — | |
| 22 | JPMORGAN CHASE & CO | $277.0M | 1.5% | -5% | 35.6 | |
| 23 | Alphabet Inc. | $262.8M | 1.4% | -6% | 80.2 | |
| 24 | Alphabet Inc. | $262.5M | 1.4% | -11% | 80.2 | |
| 25 | Interactive Brokers Group, Inc. | $256.3M | 1.4% | -12% | 75.5 | |
| 26 | ROYAL BANK OF CANADA | $242.6M | 1.3% | -17% | — | |
| 27 | DESCARTES SYSTEMS GROUP INC | $233.9M | 1.3% | -5% | — | |
| 28 | UNITEDHEALTH GROUP INC | $229.5M | 1.3% | -1% | 66.8 | |
| 29 | BOSTON SCIENTIFIC CORP | $214.1M | 1.2% | -3% | 79.9 | |
| 30 | Restaurant Brands International Inc. | $209.4M | 1.1% | -4% | 71.2 | |
| 31 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | $206.6M | 1.1% | -0% | — | |
| 32 | RB GLOBAL INC. | $195.6M | 1.1% | NEW | — | |
| 33 | FISERV INC | $194.5M | 1.1% | +9% | 67.4 | |
| 34 | PEPSICO INC | $182.9M | 1.0% | +0% | 62.7 | |
| 35 | — | Becton Dickinson and Company | $175.0M | 1.0% | -1% | — |
| 36 | Meta Platforms, Inc. | $173.0M | 0.9% | +36% | 80.9 | |
| 37 | IQVIA HOLDINGS INC. | $149.2M | 0.8% | -1% | 59.7 | |
| 38 | COPART INC | $140.0M | 0.8% | -3% | 74.9 | |
| 39 | Broadcom Inc. | $138.9M | 0.8% | -1% | 86.4 | |
| 40 | Accenture plc | $132.1M | 0.7% | -3% | — | |
| 41 | TJX COMPANIES INC /DE/ | $128.5M | 0.7% | -1% | 70.7 | |
| 42 | SHERWIN WILLIAMS CO | $120.0M | 0.7% | -3% | 65.3 | |
| 43 | AMETEK INC/ | $115.6M | 0.6% | -2% | 74.2 | |
| 44 | HDFC BANK LTD | $113.3M | 0.6% | +83% | — | |
| 45 | Berkshire Hathaway Inc - B | $111.4M | 0.6% | -3% | — | |
| 46 | DANAHER CORP /DE/ | $109.9M | 0.6% | -2% | 63.9 | |
| 47 | CADENCE DESIGN SYSTEMS INC | $106.6M | 0.6% | -1% | 74.4 | |
| 48 | MANULIFE FINANCIAL CORP | $102.0M | 0.6% | -3% | — | |
| 49 | Guidewire Software, Inc. | $101.1M | 0.6% | -1% | 66.2 | |
| 50 | Mondelez International, Inc. | $97.0M | 0.5% | +9% | 53.9 | |
| 51 | INTUIT INC. | $90.5M | 0.5% | NEW | 82 | |
| 52 | PUBLIC SERVICE ENTERPRISE GROUP INC | $85.6M | 0.5% | +107% | 74.6 | |
| 53 | Bank OZK | $84.5M | 0.5% | -8% | — | |
| 54 | ENBRIDGE INC | $84.3M | 0.5% | -3% | — | |
| 55 | JOHNSON & JOHNSON | $83.5M | 0.5% | -5% | 72.8 | |
| 56 | BANK OF NOVA SCOTIA | $80.4M | 0.4% | -9% | — | |
| 57 | Chubb Ltd | $78.7M | 0.4% | -3% | — | |
| 58 | Monster Beverage Corp | $72.3M | 0.4% | -1% | 77 | |
| 59 | PROCTER & GAMBLE Co | $62.1M | 0.3% | -4% | 72.9 | |
| 60 | — | ASML Holding NV-NY Reg Shs | $60.7M | 0.3% | +0% | — |
| 61 | RELX PLC | $53.9M | 0.3% | -2% | — | |
| 62 | AMERICAN FINANCIAL GROUP INC | $53.9M | 0.3% | -1% | 59.9 | |
| 63 | CME GROUP INC. | $47.3M | 0.3% | -2% | 74.5 | |
| 64 | SAP SE | $44.1M | 0.2% | +14% | — | |
| 65 | COSTCO WHOLESALE CORP /NEW | $40.6M | 0.2% | -6% | 67 | |
| 66 | UNILEVER PLC | $40.1M | 0.2% | +3% | — | |
| 67 | COLGATE PALMOLIVE CO | $33.5M | 0.2% | -7% | 72.4 | |
| 68 | DIAGEO PLC | $32.4M | 0.2% | -44% | — | |
| 69 | Axos Financial, Inc. | $32.4M | 0.2% | -1% | 34.3 | |
| 70 | CREDIT ACCEPTANCE CORP | $32.3M | 0.2% | -2% | 70.6 | |
| 71 | SPDR S&P 500 ETF TRUST | $27.5M | 0.1% | -19% | — | |
| 72 | ServisFirst Bancshares, Inc. | $24.4M | 0.1% | -1% | — | |
| 73 | PROGRESSIVE CORP/OH/ | $22.5M | 0.1% | -1% | 83.6 | |
| 74 | LCI INDUSTRIES | $22.1M | 0.1% | -1% | 62 | |
| 75 | — | Verisk Analytics Inc - A | $21.8M | 0.1% | -12% | — |
| 76 | AbbVie Inc. | $20.6M | 0.1% | +0% | 59.3 | |
| 77 | Autodesk, Inc. | $18.8M | 0.1% | -83% | 76.4 | |
| 78 | ALCON INC | $17.2M | 0.1% | -2% | — | |
| 79 | EXXON MOBIL CORP | $16.1M | 0.1% | -1% | 61.8 | |
| 80 | ELI LILLY & Co | $15.5M | 0.1% | -1% | 89.3 | |
| 81 | Sea Ltd | $15.5M | 0.1% | -3% | — | |
| 82 | AUTOMATIC DATA PROCESSING INC | $15.4M | 0.1% | -15% | 77.9 | |
| 83 | MERCADOLIBRE INC | $14.4M | 0.1% | +0% | 77.5 | |
| 84 | Triple Flag Precious Metals Corp. | $13.0M | 0.1% | -16% | — | |
| 85 | Trip.com Group Ltd | $12.5M | 0.1% | -2% | — | |
| 86 | Apple Inc. | $11.4M | 0.1% | -15% | 76.1 | |
| 87 | Zoetis Inc. | $11.2M | 0.1% | -8% | 72.6 | |
| 88 | Nutrien Ltd. | $10.7M | 0.1% | -1% | — | |
| 89 | — | NU Holdings Ltd/Cayman Islands | $10.4M | 0.1% | +0% | — |
| 90 | CREDICORP LTD | $10.4M | 0.1% | -17% | — | |
| 91 | — | iShares 1-5 Year Investment Grade Corporate Bond ETF | $10.2M | 0.1% | +49% | — |
| 92 | TELUS CORP | $10.2M | 0.1% | -1% | — | |
| 93 | Booking Holdings Inc. | $8.8M | 0.1% | -4% | 55.3 | |
| 94 | ATS Corp /ATS | $8.8M | 0.1% | -12% | — | |
| 95 | NVIDIA CORP | $8.4M | 0.1% | +519% | 90.2 | |
| 96 | Haleon plc | $7.4M | 0.0% | +12% | — | |
| 97 | NOVARTIS AG | $6.7M | 0.0% | -3% | — | |
| 98 | EMERSON ELECTRIC CO | $6.0M | 0.0% | +0% | 65.9 | |
| 99 | — | Comcast Corp - A | $5.6M | 0.0% | -10% | — |
| 100 | MEXICAN ECONOMIC DEVELOPMENT INC | $5.5M | 0.0% | -2% | — | |
| 101 | Yum China Holdings, Inc. | $5.4M | 0.0% | +0% | 65.2 | |
| 102 | CANADIAN PACIFIC KANSAS CITY LTD/CN | $5.2M | 0.0% | +12% | — | |
| 103 | CHEVRON CORP | $5.1M | 0.0% | +0% | 54.7 | |
| 104 | SUNCOR ENERGY INC | $4.9M | 0.0% | +7% | — | |
| 105 | — | iShares 5-10 Year Inv. Grade Corp. Bond ETF | $4.8M | 0.0% | +61% | — |
| 106 | BCE INC | $4.7M | 0.0% | +13% | — | |
| 107 | CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ | $4.4M | 0.0% | +21% | — | |
| 108 | — | McDonald's Corporation | $4.1M | 0.0% | -3% | — |
| 109 | COCA COLA CO | $3.9M | 0.0% | -2% | 74 | |
| 110 | Infosys Ltd | $3.9M | 0.0% | -23% | — | |
| 111 | SUN LIFE FINANCIAL INC | $3.7M | 0.0% | +5% | — | |
| 112 | PFIZER INC | $3.6M | 0.0% | -1% | 69 | |
| 113 | — | iShares Barclays 1-3 Yr Trsry Bond ETF | $3.4M | 0.0% | +67% | — |
| 114 | BRP Inc. | $3.2M | 0.0% | -23% | — | |
| 115 | Duke Energy CORP | $3.0M | 0.0% | +0% | 64 | |
| 116 | TotalEnergies SE | $2.9M | 0.0% | -3% | — | |
| 117 | XCEL ENERGY INC | $2.8M | 0.0% | +0% | — | |
| 118 | CVS HEALTH Corp | $2.8M | 0.0% | -3% | 51.3 | |
| 119 | Merck & Co., Inc. | $2.8M | 0.0% | -4% | 70.9 | |
| 120 | NATIONAL GRID PLC | $2.7M | 0.0% | -0% | — | |
| 121 | NIKE, Inc. | $2.7M | 0.0% | -6% | 53.4 | |
| 122 | NOVO NORDISK A S | $2.6M | 0.0% | -36% | — | |
| 123 | IMPERIAL OIL LTD | $2.5M | 0.0% | +3% | — | |
| 124 | KIMBERLY CLARK CORP | $2.4M | 0.0% | -1% | 61.7 | |
| 125 | ALLSTATE CORP | $2.4M | 0.0% | -0% | 76.6 | |
| 126 | JD.com, Inc. | $2.3M | 0.0% | -11% | — | |
| 127 | — | iShares Core 1-5 Year USD Bond ETF | $2.2M | 0.0% | +39% | — |
| 128 | CANADIAN NATURAL RESOURCES Ltd | $2.1M | 0.0% | +33% | — | |
| 129 | ING GROEP NV | $2.0M | 0.0% | +0% | — | |
| 130 | VISA INC. | $1.9M | 0.0% | -9% | 83.5 | |
| 131 | EOG RESOURCES INC | $1.7M | 0.0% | +0% | 71.1 | |
| 132 | LINDE PLC | $1.7M | 0.0% | -0% | — | |
| 133 | BARRICK MINING CORP | $1.5M | 0.0% | +41% | — | |
| 134 | Berkshire Hathaway Inc - A | $1.5M | 0.0% | +0% | — | |
| 135 | ASTRAZENECA PLC | $1.5M | 0.0% | +13% | — | |
| 136 | Walmart Inc. | $1.4M | 0.0% | -2% | 63.2 | |
| 137 | HOME DEPOT, INC. | $1.3M | 0.0% | +0% | 69.2 | |
| 138 | — | iShares MSCI EAFE Index Fund | $1.3M | 0.0% | +0% | — |
| 139 | AFLAC INC | $1.3M | 0.0% | +0% | 60.3 | |
| 140 | INTERNATIONAL FLAVORS & FRAGRANCES INC | $1.1M | 0.0% | -5% | 42.4 | |
| 141 | Shell plc | $1.1M | 0.0% | -3% | — | |
| 142 | SPDR GOLD TRUST | $1.1M | 0.0% | -10% | — | |
| 143 | ZIMMER BIOMET HOLDINGS, INC. | $1.0M | 0.0% | +0% | 64.9 | |
| 144 | WELLS FARGO & COMPANY/MN | $1.0M | 0.0% | +4% | — | |
| 145 | AGNICO EAGLE MINES LTD | $998,314 | 0.0% | +24% | — | |
| 146 | — | Magna International Inc - A | $980,332 | 0.0% | +21% | — |
| 147 | Philip Morris International Inc. | $932,650 | 0.0% | +0% | 80.5 | |
| 148 | INTERCONTINENTAL HOTELS GROUP PLC /NEW/ | $901,446 | 0.0% | +1% | — | |
| 149 | — | Rogers Communications Inc - B | $836,307 | 0.0% | +54% | — |
| 150 | Sony Group Corp | $722,110 | 0.0% | +37% | — | |
| 151 | Fortis Inc. | $676,018 | 0.0% | +2% | — | |
| 152 | Medtronic plc | $666,203 | 0.0% | -0% | — | |
| 153 | CINTAS CORP | $656,832 | 0.0% | +0% | 76.3 | |
| 154 | LOWES COMPANIES INC | $642,097 | 0.0% | -17% | 63.5 | |
| 155 | SMITH & NEPHEW PLC | $622,373 | 0.0% | -18% | — | |
| 156 | INVESCO QQQ TRUST, SERIES 1 | $621,382 | 0.0% | NEW | — | |
| 157 | ALTRIA GROUP, INC. | $614,358 | 0.0% | +0% | 72.1 | |
| 158 | Waste Connections, Inc. | $595,033 | 0.0% | +26% | — | |
| 159 | — | iShares US Technology ETF | $565,056 | 0.0% | +0% | — |
| 160 | MITSUBISHI UFJ FINANCIAL GROUP INC | $557,071 | 0.0% | NEW | — | |
| 161 | METLIFE INC | $554,761 | 0.0% | -51% | 73.9 | |
| 162 | — | Teck Resources Limited - B | $529,108 | 0.0% | +71% | — |
| 163 | 3M CO | $515,973 | 0.0% | -8% | 60.7 | |
| 164 | MARSH & MCLENNAN COMPANIES, INC. | $468,154 | 0.0% | +0% | 71.5 | |
| 165 | CENOVUS ENERGY INC. | $449,605 | 0.0% | +61% | — | |
| 166 | — | iShares S&P 500 ETF | $441,738 | 0.0% | +18% | — |
| 167 | TEXAS INSTRUMENTS INC | $408,799 | 0.0% | -4% | 70.4 | |
| 168 | M&T BANK CORP | $387,335 | 0.0% | -9% | 64.1 | |
| 169 | US BANCORP DE | $386,156 | 0.0% | -28% | 71.4 | |
| 170 | WEST FRASER TIMBER CO., LTD | $381,731 | 0.0% | +56% | — | |
| 171 | Hilton Worldwide Holdings Inc. | $374,890 | 0.0% | +0% | 73.1 | |
| 172 | — | Brown-Forman Corp - A | $355,212 | 0.0% | +0% | — |
| 173 | — | Brown-Forman Corp - B | $353,583 | 0.0% | -4% | — |
| 174 | VALERO ENERGY CORP/TX | $339,157 | 0.0% | +0% | 51.4 | |
| 175 | CATERPILLAR INC | $336,390 | 0.0% | +0% | 67.8 | |
| 176 | ROSS STORES, INC. | $331,295 | 0.0% | +0% | 71.5 | |
| 177 | CARDINAL HEALTH INC | $313,920 | 0.0% | +0% | 58.6 | |
| 178 | CDW Corp | $310,436 | 0.0% | +0% | 61.6 | |
| 179 | ADOBE INC. | $305,128 | 0.0% | +0% | 80.4 | |
| 180 | CyberArk Software Ltd. | $299,553 | 0.0% | -100% | — | |
| 181 | TRAVELERS COMPANIES, INC. | $290,388 | 0.0% | +0% | 71.5 | |
| 182 | ILLINOIS TOOL WORKS INC | $276,927 | 0.0% | +0% | 71.2 | |
| 183 | — | iShares MSCI Emerging Market | $269,189 | 0.0% | -40% | — |
| 184 | DOMINION ENERGY, INC | $265,233 | 0.0% | +0% | 74.9 | |
| 185 | FASTENAL CO | $240,099 | 0.0% | +0% | 73.5 | |
| 186 | Trane Technologies plc | $238,407 | 0.0% | -6% | — | |
| 187 | UNION PACIFIC CORP | $237,079 | 0.0% | +0% | 74 | |
| 188 | Baidu, Inc. | $232,442 | 0.0% | NEW | — | |
| 189 | XP Inc. | $205,731 | 0.0% | -97% | — | |
| 190 | SiteOne Landscape Supply, Inc. | $204,019 | 0.0% | -100% | 47 | |
| 191 | HONEYWELL INTERNATIONAL INC | $201,659 | 0.0% | +0% | 65.7 | |
| 192 | AMBEV S.A. | $160,450 | 0.0% | +1% | — |
New Positions (5)
Exited Positions (1)
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