Fund Holdings

JARISLOWSKY, FRASER Ltd

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
Pembina Pipeline Corporation(PBA)441,8438,814,455+8,372,61216,556,564356,467,8611.96%+339,911,297
RB Global Inc(RBA)01,805,849+1,805,8490195,640,1301.08%+195,640,130
Open Text Corporation(OTEX)21,032,71821,150,154+117,436613,334,771790,736,2444.35%+177,401,473
Shopify Inc. Class - A(SHOP)5,082,9794,861,383-221,596585,076,829722,394,5543.97%+137,317,725
Intuit Inc(INTU)0132,503+132,503090,487,6230.50%+90,487,623
Franco Nevada Corporation(FNV)2,797,0102,462,713-334,297458,283,414548,278,9443.01%+89,995,530
Alphabet Inc - C(GOOG)1,144,1981,078,837-65,361202,969,283262,750,7511.44%+59,781,468
Brookfield Corp(BN)15,506,52814,806,245-700,283957,783,1831,016,131,5815.58%+58,348,398
Toronto-Dominion Bank(TD)11,996,53111,728,785-267,746880,595,647938,032,9625.16%+57,437,315
Bank of Montreal6,400,1795,833,830-566,349707,842,442760,360,1194.18%+52,517,677
Alphabet Inc - A(GOOG)1,215,4821,079,717-135,765214,204,392262,479,2021.44%+48,274,810
Meta Platforms Inc(META)172,946235,586+62,640127,649,713173,009,6460.95%+45,359,933
Public Service Enterprises Group(PEG)495,0571,025,305+530,24841,673,89885,571,9550.47%+43,898,057
Taiwan Semiconductor Manufactng ADR(TSM)740,709739,611-1,098167,763,181206,565,9561.14%+38,802,775
TC Energy Corp.(TRP)11,244,35410,751,401-492,953547,838,095584,705,1083.21%+36,867,013
Oracle Corporation(ORCL)1,427,0231,220,787-206,236311,990,038343,334,1351.89%+31,344,097
Gildan Activewear Inc.(GIL)7,412,2066,848,156-564,050364,499,823395,710,7942.17%+31,210,971
IQVIA Holdings Inc(IQV)793,023785,658-7,365124,972,494149,227,8800.82%+24,255,386
Interactive Brokers Group Inc(IBKR)4,216,7013,724,608-492,093233,647,402256,290,2761.41%+22,642,874
Broadcom Inc(AVGO)424,414420,881-3,533116,989,719138,852,8500.76%+21,863,131
UnitedHealth Group Incorporated(UNH)669,494664,655-4,839208,862,043229,505,3711.26%+20,643,328
TJX Companies Inc.(TJX)894,104888,931-5,173110,412,902128,486,0860.71%+18,073,184
Becton Dickinson and Company(BDX)941,803935,130-6,673162,225,566175,028,2820.96%+12,802,716
Cadence Design Systems Inc(CDNS)306,107303,436-2,67194,326,872106,584,9290.59%+12,258,057
Johnson & Johnson(JNJ)472,846450,506-22,34072,227,22683,532,8220.46%+11,305,596
PepsiCo Inc.(PEP)1,300,1281,302,013+1,885171,668,901182,854,7051.00%+11,185,804
ASML Holding NV-NY Reg Shs62,54462,723+17950,122,13660,721,5090.33%+10,599,373
JPMorgan Chase & Co.(JPM)926,080878,324-47,756268,479,852277,049,7391.52%+8,569,887
NVIDIA Corporation(NVDA)7,28045,038+37,7581,150,1678,403,1900.05%+7,253,023
American Financial Group Inc/OH373,366369,784-3,58247,122,52253,884,9240.30%+6,762,402
Enbridge Inc(ENB)1,720,8931,671,318-49,57577,879,65184,334,6540.46%+6,455,003
Bank of Nova Scotia1,363,3671,242,357-121,01075,237,59480,350,4780.44%+5,112,884
Abbvie Inc(ABBV)88,78388,873+9016,479,90020,577,6540.11%+4,097,754
Monster Beverage Corp(MNST)1,089,7201,074,573-15,14768,260,06072,329,5080.40%+4,069,448
iShares 1-5 Year Investment Grade Corporate Bond ETF0006,802,61010,221,2140.06%+3,418,604
Axos Financial Inc(AX)386,660382,183-4,47729,401,62632,351,7900.18%+2,950,164
AMETEK Inc624,414614,702-9,712112,993,957115,563,9760.64%+2,570,019
Trip.com Group Ltd - ADR(TCOM)171,123166,860-4,26310,034,65212,547,8720.07%+2,513,220
iShares Core 1-5 Year USD Bond ETF00002,177,2870.01%+2,177,287
iShares 5-10 Year Inv. Grade Corp. Bond ETF0002,956,2624,836,7810.03%+1,880,519
NU Holdings Ltd/Cayman Islands(NU)649,240651,820+2,5808,907,57210,435,6380.06%+1,528,066
iShares Barclays 1-3 Yr Trsry Bond ETF0002,061,6393,445,1620.02%+1,383,523
Canadian Imperial Bank of Commerce(CM)45,90355,674+9,7713,251,7284,449,8380.02%+1,198,110
Sea Ltd(SE)89,48086,522-2,95814,311,43115,464,0770.08%+1,152,646
Mondelez International Inc.(MDLZ)1,424,9451,552,357+127,41296,098,29096,975,7410.53%+877,451
Barrick Mining Corp(B)32,90246,306+13,404685,0081,518,5650.01%+833,557
Suncor Energy Inc.(SU)110,282118,134+7,8524,122,7444,944,7490.03%+822,005
Berkshire Hathaway Inc - B227,734221,593-6,141110,626,345111,403,6640.61%+777,319
BCE Inc.(BCE)177,151199,725+22,5743,920,8214,668,0010.03%+747,180
ServisFirst Bancshares Inc(SFBS)306,182303,115-3,06723,732,16624,409,8500.13%+677,684
Apple Inc.(AAPL)52,38844,738-7,65010,748,44511,391,6360.06%+643,191
Invesco QQQ Trust Series 1.01,035+1,0350621,3820.00%+621,382
Mitsubishi UFJ Financial Group ADR(MUFG)034,948+34,9480557,0710.00%+557,071
Canadian Natural Resources(CNQ)50,03966,366+16,3271,569,5632,122,5290.01%+552,966
Triple Flag Precious Metals Corp(TFPM)526,223443,713-82,51012,452,72312,991,8550.07%+539,132
Exxon Mobil Corporation144,227142,564-1,66315,547,67016,074,0910.09%+526,421
Xcel Energy Inc.(XEL)35,00035,00002,383,5002,822,7500.02%+439,250
Agnico Eagle Mines Limited(AEM)4,7765,926+1,150567,869998,3140.01%+430,445
Chevron Corporation(CVX)32,59532,600+54,667,2785,062,4540.03%+395,176
Imperial Oil Limited(IMO)26,94727,678+7312,136,4062,510,1960.01%+373,790
Rogers Communications Inc - B(RCI)15,78424,288+8,504467,215836,3070.00%+369,092
ING Groep N.V. ADR(ING)76,37776,392+151,670,3641,992,3030.01%+321,939
Magna International Inc - A(MGA)17,09020,686+3,596659,302980,3320.01%+321,030
Astrazeneca PLC(AZN)17,26219,548+2,2861,206,2681,499,7220.01%+293,454
LCI Industries(LCII)239,243236,956-2,28721,816,56922,072,4510.12%+255,882
Canadian Pacific Kansas City Ltd(CP)62,14469,573+7,4294,926,8875,182,7230.03%+255,836
Colliers International Group Inc(CIGI)2,532,8362,115,789-417,047330,725,822330,977,8571.82%+252,035
Sony Corp. ADR(SONY)18,27725,082+6,805475,750722,1100.00%+246,360
Teck Resources Limited - B(TECK)7,06212,059+4,997285,016529,1080.00%+244,092
Baidu Inc. Sponsored ADR01,764+1,7640232,4420.00%+232,442
Cenovus Energy Inc.(CVE)16,39826,474+10,076222,685449,6050.00%+226,920
Novartis AG ADR(NVS)53,44752,037-1,4106,467,6216,673,2240.04%+205,603
SAP AG ADR(SAP)144,581165,093+20,51243,967,08244,114,5000.24%+147,418
CVS Health Corporation(CVS)38,08036,771-1,3092,626,7582,772,1650.02%+145,407
Pfizer Inc.(PFE)142,340141,001-1,3393,450,3213,592,7050.02%+142,384
Duke Energy Corporation(DUK)24,38324,38302,877,1943,017,3960.02%+140,202
Allstate Corporation(ALL)11,13111,081-502,240,7812,378,5360.01%+137,755
Home Depot Inc.(HD)3,2353,23501,186,0801,310,7890.01%+124,709
West Fraser Timber Co. Ltd.(WFG)3,5905,614+2,024262,731381,7310.00%+119,000
Waste Connections Inc.(WCN)2,6783,384+706499,252595,0330.00%+95,781
iShares S&P 500 ETF558660+102346,462441,7380.00%+95,276
Wells Fargo & Company(WFC)11,50012,000+500921,3801,005,8400.01%+84,460
Zimmer Biomet Holdings Inc(ZBH)10,25010,2500934,9021,009,6250.01%+74,723
Aflac Incorporated(AFL)11,60011,60001,223,3361,295,7200.01%+72,384
Valero Energy Corporation(VLO)1,9921,9920267,764339,1570.00%+71,393
Altria Group Inc.(MO)9,3009,3000545,259614,3580.00%+69,099
iShares US Technology ETF2,8852,8850499,883565,0560.00%+65,173
Caterpillar Inc.(CAT)7057050273,688336,3900.00%+62,702
Merck & Co. Inc.(MRK)34,15032,875-1,2752,703,3142,759,1980.02%+55,884
iShares MSCI EAFE Index Fund14,00014,00001,251,4601,307,1800.01%+55,720
Medtronic Inc. Plc(MDT)7,0176,995-22611,671666,2030.00%+54,532
Ross Stores Inc.(ROST)2,1742,1740277,358331,2950.00%+53,937
SPDR Gold Trust(GLD)3,3162,989-3271,010,8161,062,4990.01%+51,683
Walmart Inc.(WMT)13,86813,659-2091,356,0131,407,6960.01%+51,683
Fortis Inc.(FTS)13,10513,325+220624,468676,0180.00%+51,550
Berkshire Hathaway Inc - A2201,457,6001,508,4000.01%+50,800
Intercontinental Hotels-ADR(IHG)7,3897,434+45852,247901,4460.00%+49,199
Fastenal Co(FAST)4,8964,8960205,632240,0990.00%+34,467
McDonald's Corporation(MCD)14,02513,592-4334,097,6844,130,4720.02%+32,788
Dominion Energy(D)4,3364,3360245,070265,2330.00%+20,163
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