Jarislowsky, Fraser Ltd

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1123778
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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

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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.

TickerCompanyValue
BN$BNBROOKFIELD Corp /ON/$1.0B
TD$TDTORONTO DOMINION BANK$938.0M
CNI$CNICANADIAN NATIONAL RAILWAY CO$836.8M
OTEX$OTEXOPEN TEXT CORP$790.7M
Bank of Montreal$760.4M
SHOP$SHOPSHOPIFY INC.$722.4M
MSFT$MSFTMICROSOFT CORP$661.8M
CAE$CAECAE INC$620.3M
TRP$TRPTC ENERGY CORP$584.7M
FNV$FNVFRANCO NEVADA Corp$548.3M
Thomson Reuters Corp$448.3M
STN$STNSTANTEC INC$440.3M
AMZN$AMZNAMAZON COM INC$435.1M
GIL$GILGildan Activewear Inc.$395.7M
GIB$GIBCGI INC$359.4M
PBA$PBAPEMBINA PIPELINE CORP$356.5M
ORCL$ORCLORACLE CORP$343.3M
CIGI$CIGIColliers International Group Inc.$331.0M
MA$MAMastercard Inc$311.5M
ABT$ABTABBOTT LABORATORIES$289.1M
TFII$TFIITFI International Inc.$281.8M
JPM$JPMJPMORGAN CHASE & CO$277.0M
GOOGL$GOOGLAlphabet Inc.$262.8M
GOOG$GOOGAlphabet Inc.$262.5M
IBKR$IBKRInteractive Brokers Group, Inc.$256.3M
RY$RYROYAL BANK OF CANADA$242.6M
DSGX$DSGXDESCARTES SYSTEMS GROUP INC$233.9M
UNH$UNHUNITEDHEALTH GROUP INC$229.5M
BSX$BSXBOSTON SCIENTIFIC CORP$214.1M
QSR$QSRRestaurant Brands International Inc.$209.4M
TSM$TSMTAIWAN SEMICONDUCTOR MANUFACTURING CO LTD$206.6M
RBA$RBARB GLOBAL INC.$195.6M
FISV$FISVFISERV INC$194.5M
PEP$PEPPEPSICO INC$182.9M
Becton Dickinson and Company$175.0M
META$METAMeta Platforms, Inc.$173.0M
IQV$IQVIQVIA HOLDINGS INC.$149.2M
CPRT$CPRTCOPART INC$140.0M
AVGO$AVGOBroadcom Inc.$138.9M
ACN$ACNAccenture plc$132.1M
TJX$TJXTJX COMPANIES INC /DE/$128.5M
SHW$SHWSHERWIN WILLIAMS CO$120.0M
AME$AMEAMETEK INC/$115.6M
HDB$HDBHDFC BANK LTD$113.3M
BRK.B$BRK.BBerkshire Hathaway Inc - B$111.4M
DHR$DHRDANAHER CORP /DE/$109.9M
CDNS$CDNSCADENCE DESIGN SYSTEMS INC$106.6M
MFC$MFCMANULIFE FINANCIAL CORP$102.0M
GWRE$GWREGuidewire Software, Inc.$101.1M
MDLZ$MDLZMondelez International, Inc.$97.0M
INTU$INTUINTUIT INC.$90.5M
PEG$PEGPUBLIC SERVICE ENTERPRISE GROUP INC$85.6M
OZK$OZKBank OZK$84.5M
ENB$ENBENBRIDGE INC$84.3M
JNJ$JNJJOHNSON & JOHNSON$83.5M
BNS$BNSBANK OF NOVA SCOTIA$80.4M
CB$CBChubb Ltd$78.7M
MNST$MNSTMonster Beverage Corp$72.3M
PG$PGPROCTER & GAMBLE Co$62.1M
ASML Holding NV-NY Reg Shs$60.7M
RELX$RELXRELX PLC$53.9M
AFG$AFGAMERICAN FINANCIAL GROUP INC$53.9M
CME$CMECME GROUP INC.$47.3M
SAP$SAPSAP SE$44.1M
COST$COSTCOSTCO WHOLESALE CORP /NEW$40.6M
UL$ULUNILEVER PLC$40.1M
CL$CLCOLGATE PALMOLIVE CO$33.5M
DEO$DEODIAGEO PLC$32.4M
AX$AXAxos Financial, Inc.$32.4M
CACC$CACCCREDIT ACCEPTANCE CORP$32.3M
SPY$SPYSPDR S&P 500 ETF TRUST$27.5M
SFBS$SFBSServisFirst Bancshares, Inc.$24.4M
PGR$PGRPROGRESSIVE CORP/OH/$22.5M
LCII$LCIILCI INDUSTRIES$22.1M
Verisk Analytics Inc - A$21.8M
ABBV$ABBVAbbVie Inc.$20.6M
ADSK$ADSKAutodesk, Inc.$18.8M
ALC$ALCALCON INC$17.2M
XOM.R34088$XOM.R34088EXXON MOBIL CORP$16.1M
LLY$LLYELI LILLY & Co$15.5M
SE$SESea Ltd$15.5M
ADP$ADPAUTOMATIC DATA PROCESSING INC$15.4M
MELI$MELIMERCADOLIBRE INC$14.4M
TFPM$TFPMTriple Flag Precious Metals Corp.$13.0M
TCOM$TCOMTrip.com Group Ltd$12.5M
AAPL$AAPLApple Inc.$11.4M
ZTS$ZTSZoetis Inc.$11.2M
NTR$NTRNutrien Ltd.$10.7M
NU Holdings Ltd/Cayman Islands$10.4M
BAP$BAPCREDICORP LTD$10.4M
iShares 1-5 Year Investment Grade Corporate Bond ETF$10.2M
TU$TUTELUS CORP$10.2M
BKNG$BKNGBooking Holdings Inc.$8.8M
ATS$ATSATS Corp /ATS$8.8M
NVDA$NVDANVIDIA CORP$8.4M
HLN$HLNHaleon plc$7.4M
NVS$NVSNOVARTIS AG$6.7M
EMR$EMREMERSON ELECTRIC CO$6.0M
Comcast Corp - A$5.6M
FMX$FMXMEXICAN ECONOMIC DEVELOPMENT INC$5.5M
YUMC$YUMCYum China Holdings, Inc.$5.4M
CP$CPCANADIAN PACIFIC KANSAS CITY LTD/CN$5.2M
CVX$CVXCHEVRON CORP$5.1M
SU$SUSUNCOR ENERGY INC$4.9M
iShares 5-10 Year Inv. Grade Corp. Bond ETF$4.8M
BCE$BCEBCE INC$4.7M
CM$CMCANADIAN IMPERIAL BANK OF COMMERCE /CAN/$4.4M
McDonald's Corporation$4.1M
KO$KOCOCA COLA CO$3.9M
INFY$INFYInfosys Ltd$3.9M
SLF$SLFSUN LIFE FINANCIAL INC$3.7M
PFE$PFEPFIZER INC$3.6M
iShares Barclays 1-3 Yr Trsry Bond ETF$3.4M
DOO$DOOBRP Inc.$3.2M
DUK$DUKDuke Energy CORP$3.0M
TTE$TTETotalEnergies SE$2.9M
XEL$XELXCEL ENERGY INC$2.8M
CVS$CVSCVS HEALTH Corp$2.8M
MRK$MRKMerck & Co., Inc.$2.8M
NGG$NGGNATIONAL GRID PLC$2.7M
NKE$NKENIKE, Inc.$2.7M
NVO$NVONOVO NORDISK A S$2.6M
IMO$IMOIMPERIAL OIL LTD$2.5M
KMB$KMBKIMBERLY CLARK CORP$2.4M
ALL$ALLALLSTATE CORP$2.4M
JD$JDJD.com, Inc.$2.3M
iShares Core 1-5 Year USD Bond ETF$2.2M
CNQ$CNQCANADIAN NATURAL RESOURCES Ltd$2.1M
ING$INGING GROEP NV$2.0M
V$VVISA INC.$1.9M
EOG$EOGEOG RESOURCES INC$1.7M
LIN$LINLINDE PLC$1.7M
B$BBARRICK MINING CORP$1.5M
BRK.A$BRK.ABerkshire Hathaway Inc - A$1.5M
AZN$AZNASTRAZENECA PLC$1.5M
WMT$WMTWalmart Inc.$1.4M
HD$HDHOME DEPOT, INC.$1.3M
iShares MSCI EAFE Index Fund$1.3M
AFL$AFLAFLAC INC$1.3M
IFF$IFFINTERNATIONAL FLAVORS & FRAGRANCES INC$1.1M
SHEL$SHELShell plc$1.1M
GLD$GLDSPDR GOLD TRUST$1.1M
ZBH$ZBHZIMMER BIOMET HOLDINGS, INC.$1.0M
WFC$WFCWELLS FARGO & COMPANY/MN$1.0M
AEM$AEMAGNICO EAGLE MINES LTD$998,314
Magna International Inc - A$980,332
PM$PMPhilip Morris International Inc.$932,650
IHG$IHGINTERCONTINENTAL HOTELS GROUP PLC /NEW/$901,446
Rogers Communications Inc - B$836,307
SONY$SONYSony Group Corp$722,110
FTS$FTSFortis Inc.$676,018
MDT$MDTMedtronic plc$666,203
CTAS$CTASCINTAS CORP$656,832
LOW$LOWLOWES COMPANIES INC$642,097
SNN$SNNSMITH & NEPHEW PLC$622,373
QQQ$QQQINVESCO QQQ TRUST, SERIES 1$621,382
MO$MOALTRIA GROUP, INC.$614,358
WCN$WCNWaste Connections, Inc.$595,033
iShares US Technology ETF$565,056
MUFG$MUFGMITSUBISHI UFJ FINANCIAL GROUP INC$557,071
MET$METMETLIFE INC$554,761
Teck Resources Limited - B$529,108
MMM$MMM3M CO$515,973
MRSH$MRSHMARSH & MCLENNAN COMPANIES, INC.$468,154
CVE$CVECENOVUS ENERGY INC.$449,605
iShares S&P 500 ETF$441,738
TXN$TXNTEXAS INSTRUMENTS INC$408,799
MTB$MTBM&T BANK CORP$387,335
USB$USBUS BANCORP \DE\$386,156
WFG$WFGWEST FRASER TIMBER CO., LTD$381,731
HLT$HLTHilton Worldwide Holdings Inc.$374,890
Brown-Forman Corp - A$355,212
Brown-Forman Corp - B$353,583
VLO$VLOVALERO ENERGY CORP/TX$339,157
CAT$CATCATERPILLAR INC$336,390
ROST$ROSTROSS STORES, INC.$331,295
CAH$CAHCARDINAL HEALTH INC$313,920
CDW$CDWCDW Corp$310,436
ADBE$ADBEADOBE INC.$305,128
CYBR$CYBRCyberArk Software Ltd.$299,553
TRV$TRVTRAVELERS COMPANIES, INC.$290,388
ITW$ITWILLINOIS TOOL WORKS INC$276,927
iShares MSCI Emerging Market$269,189
D$DDOMINION ENERGY, INC$265,233
FAST$FASTFASTENAL CO$240,099
TT$TTTrane Technologies plc$238,407
UNP$UNPUNION PACIFIC CORP$237,079
BIDU$BIDUBaidu, Inc.$232,442
XP$XPXP Inc.$205,731
SITE$SITESiteOne Landscape Supply, Inc.$204,019
HON$HONHONEYWELL INTERNATIONAL INC$201,659
ABEV$ABEVAMBEV S.A.$160,450

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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