JF

JARISLOWSKY, FRASER Ltd

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$18.2B

Reporting period: 2025-09-30 · Number of holdings: 192

JARISLOWSKY, FRASER Ltd disclosed 192 holdings in its latest 13F filing for the period ending 2025-09-30, with total reported value of $18.2B and a quarterly turnover rate of 25.8%.

Personality snowflake

Concentration
10.06
Portfolio Stability
25.85
Momentum/Contrarian
100
Sector conviction
65.14
Diversification
100
Sizing Uniformity
80.38

Recent moves

  • Add PBA

    +1894.9%　$338.3M

  • Add SHOP

    -4.4%　$341.9M

  • Trim QSR

    -4.3%　-$205.5M

  • Add OTEX

    +0.6%　$270.2M

  • Trim TRI4EUR

    -4.1%　-$115.3M

  • Trim CNI

    -4.0%　-$60.0M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1BNBrookfield CORPStock-Financials5.58%+0.38%-4.52%
2TDToronto-dominion BankStock-Financials5.16%+0.61%-2.23%
3CNICanadian Natl Railway CoStock-Industrials4.60%-1.02%-4.01%
4OTEXOpen Text CORPStock-Other4.35%+1.09%+0.56%
5BMOBank Of MontrealStock-Financials4.18%+0.26%-8.85%
6SHOPShopify INC - Class AStock-Tech3.97%+1.59%-4.36%
7MSFTMicrosoft CORPStock-Tech3.64%+0.24%-8.57%
8CAECae INCStock-Other3.41%-0.16%-3.70%
9TRPTc Energy CORPStock-Energy3.21%-0.19%-4.38%
10FNVFranco-nevada CORPStock-Materials3.01%+0.19%-11.95%
11TRI4EURThomson Reuters CORPStock-Other2.46%-1.07%-4.12%
12STNStantec INCStock-Other2.42%-0.51%-17.77%
13AMZNAmazon.com INCStock-Consumer Disc2.39%+0.05%-1.49%
14GILGildan Activewear INCStock-Consumer Disc2.17%+0.24%-7.61%
15GIBCgi INCStock-Tech1.98%-0.69%-4.37%
16PBAPembina Pipeline CORPStock-Energy1.96%+1.85%+1894.93%
17ORCLOracle CORPStock-Tech1.89%+0.70%-14.45%
18CIGIColliers Intl Gr-subord VotStock-Other1.82%+0.30%-16.47%
19MAMastercard INC - AStock-Financials1.71%—-2.68%
20ABTAbbott LaboratoriesStock-Healthcare1.59%—-1.72%
21TFIITfi International INCStock-Other1.55%+0.50%-3.09%
22JPMJpmorgan Chase & CoStock-Financials1.52%+0.07%-5.16%
23GOOGAlphabet Inc-cl CStock-Comm Services1.44%+0.30%-5.71%
24GOOGLAlphabet Inc-cl AStock-Comm Services1.44%+0.27%-11.17%
25IBKRInteractive Brokers Gro-cl AStock-Financials1.41%+0.30%-11.67%
26RYRoyal Bank Of CanadaStock-Financials1.33%-0.08%-17.02%
27DSGXDescartes Systems Grp/theStock-Tech1.29%-0.38%-4.67%
28UNHUnitedhealth Group INCStock-Healthcare1.26%-0.69%-0.72%
29BSXBoston Scientific CORPStock-Healthcare1.18%-0.26%-3.36%
30QSRRestaurant Brands InternStock-Consumer Disc1.15%-1.45%-4.34%
31TSMTaiwan Semiconductor-sp AdrStock-Tech1.14%+0.62%-0.15%
32RBARb Global INCStock-Industrials1.08%+1.08%NEW
33FISVFiserv INCStock-Other1.07%-0.63%+9.08%
34PEPPepsico INCStock-Consumer Staples1.00%-0.22%+0.14%
35BDXBecton Dickinson And CoStock-Healthcare0.96%-0.23%-0.71%
36METAMeta Platforms Inc-class AStock-Comm Services0.95%+0.31%+36.22%
37IQVIqvia Holdings INCStock-Healthcare0.82%+0.04%-0.93%
38CPRTCopart INCStock-Industrials0.77%-0.57%-2.58%
39AVGOBroadcom INCStock-Tech0.76%+0.30%-0.83%
40ACNAccenture plcStock-Tech0.73%-0.32%-3.12%
41TJXTjx Companies INCStock-Consumer Disc0.71%+0.03%-0.58%
42SHWSherwin-williams Co/theStock-Materials0.66%—-2.75%
43AMEAmetek INCStock-Industrials0.64%—-1.56%
44HDBHdfc Bank Ltd-adrStock-Financials0.62%—+82.72%
45BRK-BBerkshire Hathaway Inc-cl BStock-Other0.61%-0.16%-2.70%
46DHRDanaher CORPStock-Healthcare0.60%—-2.09%
47CDNSCadence Design Sys INCStock-Tech0.59%+0.12%-0.87%
48MFCManulife Financial CORPStock-Financials0.56%—-3.18%
49GWREGuidewire Software INCStock-Tech0.56%+0.03%-1.18%
50MDLZMondelez International Inc-aStock-Consumer Staples0.53%—+8.94%
1–50 of 192

Holding changes this quarter

JARISLOWSKY, FRASER Ltd's most significant position changes for 2025-09-30: New buy: Rb Global INC (RBA); New buy: Intuit INC (INTU); Add: Pembina Pipeline CORP (PBA) — shares +1894.93%; Add: Shopify INC - Class A (SHOP) — shares -4.36%; Trim: Restaurant Brands Intern (QSR) — shares -4.34%.

Position changes disclosed by JARISLOWSKY, FRASER Ltd for the quarter ending 2025-09-30, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1PBAPembina Pipeline CORP+1.9%+1894.93%Add
2SHOPShopify INC - Class A+1.6%-4.36%Add
3OTEXOpen Text CORP+1.1%+0.56%Add
4ORCLOracle CORP+0.7%-14.45%Trim
5TSMTaiwan Semiconductor-sp Adr+0.6%-0.15%Add
6TDToronto-dominion Bank+0.6%-2.23%Trim
7TFIITfi International INC+0.5%-3.09%Add
8BNBrookfield CORP+0.4%-4.52%Trim
9METAMeta Platforms Inc-class A+0.3%+36.22%Add
10CIGIColliers Intl Gr-subord Vot+0.3%-16.47%Add
11GOOGAlphabet Inc-cl C+0.3%-5.71%Trim
12IBKRInteractive Brokers Gro-cl A+0.3%-11.67%Add
13AVGOBroadcom INC+0.3%-0.83%Trim
14GOOGLAlphabet Inc-cl A+0.3%-11.17%Trim
15BMOBank Of Montreal+0.3%-8.85%Trim
16MSFTMicrosoft CORP+0.2%-8.57%Trim
17GILGildan Activewear INC+0.2%-7.61%Trim
18PEGPublic Service Enterprise Gp+0.2%+107.11%Add
19FNVFranco-nevada CORP+0.2%-11.95%Trim
20CDNSCadence Design Sys INC+0.1%-0.87%Add
21ASMLASML Holding N.V.+0.1%+0.29%Add
22JPMJpmorgan Chase & Co+0.1%-5.16%Trim
23AMZNAmazon.com INC+0.1%-1.49%Add
24IQVIqvia Holdings INC0%-0.93%Add
25TJXTjx Companies INC0%-0.58%Trim
26GWREGuidewire Software INC0%-1.18%Trim
27RYRoyal Bank Of Canada-0.1%-17.02%Trim
28BNSBank Of Nova Scotia-0.2%-8.88%Trim
29CAECae INC-0.2%-3.70%Trim
30BRK-BBerkshire Hathaway Inc-cl B-0.2%-2.70%Trim
31TRPTc Energy CORP-0.2%-4.38%Trim
32DEODiageo Plc-sponsored Adr-0.2%-43.69%Trim
33PEPPepsico INC-0.2%+0.14%Add
34BDXBecton Dickinson And Co-0.2%-0.71%Add
35BSXBoston Scientific CORP-0.3%-3.36%Trim
36✓ Cyberark Software LTD-0.3%-99.60%Trim
37ACNAccenture plc-0.3%-3.12%Trim
38DSGXDescartes Systems Grp/the-0.4%-4.67%Trim
39SITESiteone Landscape Supply INC-0.4%-99.62%Trim
40STNStantec INC-0.5%-17.77%Trim
41CPRTCopart INC-0.6%-2.58%Trim
42ADSKAutodesk INC-0.6%-82.68%Trim
43FISVFiserv INC-0.6%+9.08%Add
44UNHUnitedhealth Group INC-0.7%-0.72%Add
45GIBCgi INC-0.7%-4.37%Trim
46CNICanadian Natl Railway Co-1%-4.01%Trim
47TRI4EURThomson Reuters CORP-1.1%-4.12%Trim
48QSRRestaurant Brands Intern-1.5%-4.34%Trim
49RBARb Global INC—NEWNew buy
50INTUIntuit INC—NEWNew buy

FAQ

What is JARISLOWSKY, FRASER Ltd and what type of investor is it?
JARISLOWSKY, FRASER Ltd is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2025-09-30), the firm manages a tracked equity portfolio valued at approximately $18.2B, spread across 192 disclosed positions.
What are JARISLOWSKY, FRASER Ltd's largest equity positions?
Based on the latest 13F filing, JARISLOWSKY, FRASER Ltd's top holdings by market value are: 1. Brookfield CORP (BN) — $1.0B (5.6%) 2. Toronto-dominion Bank (TD) — $938.0M (5.2%) 3. Canadian Natl Railway Co (CNI) — $836.8M (4.6%) 4. Open Text CORP (OTEX) — $790.7M (4.3%) 5. Bank Of Montreal (BMO) — $760.4M (4.2%)
What changes did JARISLOWSKY, FRASER Ltd make in its most recent portfolio filing?
In the latest reported quarter, JARISLOWSKY, FRASER Ltd made 50 notable position adjustments: 2 new positions were initiated, 17 existing holdings were added to, 31 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: Rb Global INC (RBA); New buy: Intuit INC (INTU); Add: Pembina Pipeline CORP (PBA) — shares +1894.93%; Add: Shopify INC - Class A (SHOP) — shares -4.36%; Trim: Restaurant Brands Intern (QSR) — shares -4.34%
What sectors does JARISLOWSKY, FRASER Ltd focus on?
JARISLOWSKY, FRASER Ltd is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 32.3% • Financials: 26.3% • Health Care: 14.3% • Communication Services: 10.6% • Consumer Discretionary: 9.9% • Consumer Staples: 4.3%