Fund Holdings — JARISLOWSKY, FRASER Ltd

Total Portfolio Value:
$18.20B
Total Bought:
$1.01B
Total Sold:
$1.84B
Net Transaction:
-$833.61M
Securities
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SharesValue
Q2 2025
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Q3 2025
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Change
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Q2 2025
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Q3 2025
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Weight (%)
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Change
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Brookfield Corporation(BN)15,506,52814,806,245-700,283$957.78M$1.02B5.58%+$58.35M
The Toronto-Dominion Bank(TD)11,996,53111,728,785-267,746$880.60M$938.03M5.16%+$57.44M
Canadian National Railway Company(CNI)9,241,7038,871,249-370,454$961.02M$836.76M4.60%-$124.26M
Open Text Corporation(OTEX)21,032,71821,150,154+117,436$613.33M$790.74M4.35%+$177.40M
Bank of Montreal6,400,1795,833,830-566,349$707.84M$760.36M4.18%+$52.52M
Shopify Inc.(SHOP)5,082,9794,861,383-221,596$585.08M$722.39M3.97%+$137.32M
Microsoft Corporation(MSFT)1,397,5541,277,760-119,794$695.16M$661.82M3.64%-$33.34M
CAE Inc.(CAE)21,748,73620,943,262-805,474$636.12M$620.29M3.41%-$15.83M
TC Energy Corporation(TRP)11,244,35410,751,401-492,953$547.84M$584.71M3.21%+$36.87M
Franco-Nevada Corporation(FNV)2,797,0102,462,713-334,297$458.28M$548.28M3.01%+$90.00M
Thomson Reuters Corporation(TRI)3,010,7602,886,701-124,059$604.23M$448.34M2.46%-$155.89M
Stantec Inc.(STN)4,964,0664,082,124-881,942$539.04M$440.34M2.42%-$98.71M
Amazon.com, Inc.(AMZN)2,011,4811,981,602-29,879$441.30M$435.10M2.39%-$6.20M
Gildan Activewear Inc.(GIL)7,412,2066,848,156-564,050$364.50M$395.71M2.17%+$31.21M
CGI Inc.(GIB)4,218,2444,033,813-184,431$442.10M$359.37M1.98%-$82.73M
Pembina Pipeline Corporation(PBA)441,8438,814,455+8,372,612$16.56M$356.47M1.96%+$339.91M
Oracle Corporation(ORCL)1,427,0231,220,787-206,236$311.99M$343.33M1.89%+$31.34M
Colliers International Group Inc.(CIGI)2,532,8362,115,789-417,047$330.73M$330.98M1.82%+$252.0K
Mastercard Incorporated(MA)562,749547,672-15,077$316.23M$311.52M1.71%-$4.71M
Abbott Laboratories2,195,8292,158,089-37,740$298.65M$289.05M1.59%-$9.60M
TFI International Inc.(TFII)3,304,0333,201,844-102,189$295.99M$281.85M1.55%-$14.15M
JPMorgan Chase & Co.(JPM)926,080878,324-47,756$268.48M$277.05M1.52%+$8.57M
Alphabet Inc.(GOOG)1,144,1981,078,837-65,361$202.97M$262.75M1.44%+$59.78M
Alphabet Inc.(GOOG)1,215,4821,079,717-135,765$214.20M$262.48M1.44%+$48.27M
Interactive Brokers Group, Inc.(IBKR)4,216,7013,724,608-492,093$233.65M$256.29M1.41%+$22.64M
Royal Bank of Canada(RY)1,983,3041,645,780-337,524$260.86M$242.62M1.33%-$18.24M
The Descartes Systems Group Inc.(DSGX)2,604,8472,483,153-121,694$264.07M$233.86M1.29%-$30.21M
UnitedHealth Group Incorporated(UNH)669,494664,655-4,839$208.86M$229.51M1.26%+$20.64M
Boston Scientific Corporation(BSX)2,268,9732,192,794-76,179$243.71M$214.08M1.18%-$29.63M
Restaurant Brands International Inc.(QSR)3,411,3373,263,219-148,118$225.83M$209.39M1.15%-$16.44M
Taiwan Semiconductor Manufacturing Company LimitedADR(TSM)740,709739,611-1,098$167.76M$206.57M1.14%+$38.80M
RB Global, Inc.(RBA)01,805,849+1,805,849$0$195.64M1.08%+$195.64M
Fiserv, Inc.(FISV)1,382,9121,508,425+125,513$238.43M$194.48M1.07%-$43.95M
PepsiCo, Inc.(PEP)1,300,1281,302,013+1,885$171.67M$182.85M1.00%+$11.19M
Becton, Dickinson and Company(BDX)941,803935,130-6,673$162.23M$175.03M0.96%+$12.80M
Meta Platforms, Inc.(META)172,946235,586+62,640$127.65M$173.01M0.95%+$45.36M
IQVIA Holdings Inc.(IQV)793,023785,658-7,365$124.97M$149.23M0.82%+$24.26M
Copart, Inc.(CPRT)3,194,7143,112,375-82,339$156.76M$139.96M0.77%-$16.80M
Broadcom Inc.(AVGO)424,414420,881-3,533$116.99M$138.85M0.76%+$21.86M
Accenture Plc
SHS CLASS A
553,027535,794-17,233$165.29M$132.13M0.73%-$33.17M
The TJX Companies, Inc.(TJX)894,104888,931-5,173$110.41M$128.49M0.71%+$18.07M
The Sherwin-Williams Company(SHW)356,345346,536-9,809$122.35M$119.99M0.66%-$2.36M
AMETEK Inc624,414614,702-9,712$112.99M$115.56M0.64%+$2.57M
HDFC Bank LimitedADR(HDB)1,815,4483,317,169+1,501,721$139.19M$113.31M0.62%-$25.88M
Berkshire Hathaway Inc - B227,734221,593-6,141$110.63M$111.40M0.61%+$777.3K
Danaher Corporation(DHR)566,066554,230-11,836$111.82M$109.88M0.60%-$1.94M
Cadence Design Systems, Inc.(CDNS)306,107303,436-2,671$94.33M$106.58M0.59%+$12.26M
Manulife Financial Corporation(MFC)3,380,9673,273,476-107,491$107.88M$102.01M0.56%-$5.87M
Guidewire Software, Inc.(GWRE)445,232439,972-5,260$104.83M$101.13M0.56%-$3.70M
Mondelez International, Inc.(MDLZ)1,424,9451,552,357+127,412$96.10M$96.98M0.53%+$877.5K
Intuit Inc.(INTU)0132,503+132,503$0$90.49M0.50%+$90.49M
Public Service Enterprise Group Incorporated(PEG)495,0571,025,305+530,248$41.67M$85.57M0.47%+$43.90M
Bank OZK(OZK)1,802,1991,658,271-143,928$84.81M$84.54M0.46%-$272.8K
Enbridge Inc.(ENB)1,720,8931,671,318-49,575$77.88M$84.33M0.46%+$6.46M
Johnson & Johnson(JNJ)472,846450,506-22,340$72.23M$83.53M0.46%+$11.31M
Bank of Nova Scotia1,363,3671,242,357-121,010$75.24M$80.35M0.44%+$5.11M
Chubb Limited
COM
286,876278,658-8,218$83.11M$78.65M0.43%-$4.46M
Monster Beverage Corporation(MNST)1,089,7201,074,573-15,147$68.26M$72.33M0.40%+$4.07M
The Procter & Gamble Company(PG)421,922404,384-17,538$67.22M$62.13M0.34%-$5.09M
ASML Holding NV-NY Reg ShsNY REG SHRS
N Y REGISTRY SHS
62,54462,723+179$50.12M$60.72M0.33%+$10.60M
RELX PLCADR(RELX)1,149,1771,129,509-19,668$62.45M$53.95M0.30%-$8.50M
American Financial Group Inc/OH373,366369,784-3,582$47.12M$53.88M0.30%+$6.76M
CME Group Inc.(CME)179,009175,151-3,858$49.34M$47.32M0.26%-$2.01M
SAP SEADR(SAP)144,581165,093+20,512$43.97M$44.11M0.24%+$147.4K
Costco Wholesale Corporation(COST)46,61843,841-2,777$46.15M$40.58M0.22%-$5.57M
Unilever PLCADR(UL)656,322676,812+20,490$40.15M$40.12M0.22%-$25.8K
Colgate-Palmolive Company(CL)448,102418,440-29,662$40.73M$33.45M0.18%-$7.28M
Diageo plcADR(DEO)603,410339,798-263,612$60.85M$32.43M0.18%-$28.42M
Axos Financial, Inc.(AX)386,660382,183-4,477$29.40M$32.35M0.18%+$2.95M
Credit Acceptance Corporation(CACC)70,47969,214-1,265$35.90M$32.32M0.18%-$3.59M
State Street SPDR S&P 500 ETF TrustETP(SPY)50,79841,279-9,519$31.39M$27.50M0.15%-$3.89M
ServisFirst Bancshares, Inc.(SFBS)306,182303,115-3,067$23.73M$24.41M0.13%+$677.7K
The Progressive Corporation(PGR)92,16291,262-900$24.59M$22.54M0.12%-$2.06M
LCI Industries(LCII)239,243236,956-2,287$21.82M$22.07M0.12%+$255.9K
Verisk Analytics, Inc.(VRSK)98,03886,669-11,369$30.54M$21.80M0.12%-$8.74M
AbbVie Inc.(ABBV)88,78388,873+90$16.48M$20.58M0.11%+$4.10M
Autodesk Inc342,03159,225-282,806$105.88M$18.81M0.10%-$87.07M
Alcon Inc.(ALC)234,542230,438-4,104$20.71M$17.17M0.09%-$3.54M
Exxon Mobil Corporation144,227142,564-1,663$15.55M$16.07M0.09%+$526.4K
Eli Lilly and Company(LLY)20,54720,327-220$16.02M$15.51M0.09%-$507.5K
Sea LimitedADR(SE)89,48086,522-2,958$14.31M$15.46M0.08%+$1.15M
Automatic Data Processing Inc.61,67252,462-9,210$19.02M$15.40M0.08%-$3.62M
MercadoLibre, Inc.(MELI)6,1476,175+28$16.07M$14.43M0.08%-$1.64M
Triple Flag Precious Metals Corp.(TFPM)526,223443,713-82,510$12.45M$12.99M0.07%+$539.1K
Trip.com Group Limited(TCOM)171,123166,860-4,263$10.03M$12.55M0.07%+$2.51M
Apple Inc.(AAPL)52,38844,738-7,650$10.75M$11.39M0.06%+$643.2K
Zoetis Inc.(ZTS)83,42276,698-6,724$13.01M$11.22M0.06%-$1.79M
Nutrien Ltd.(NTR)183,571181,665-1,906$10.68M$10.67M0.06%-$4.5K
Nu Holdings Ltd.(NU)649,240651,820+2,580$8.91M$10.44M0.06%+$1.53M
Credicorp Ltd.(BAP)46,64038,882-7,758$10.42M$10.35M0.06%-$71.5K
iShares 1-5 Year Investment Grade Corporate Bond ETFETF000$6.80M$10.22M0.06%+$3.42M
TELUS Corporation(TU)654,773645,207-9,566$10.49M$10.16M0.06%-$330.1K
Booking Holdings Inc.(BKNG)1,7101,634-76$9.90M$8.82M0.05%-$1.08M
ATS Corporation(ATS)379,208334,904-44,304$12.07M$8.76M0.05%-$3.31M
NVIDIA Corporation(NVDA)7,28045,038+37,758$1.15M$8.40M0.05%+$7.25M
Haleon plc(HLN)730,102821,006+90,904$7.57M$7.36M0.04%-$206.7K
Novartis AGADR(NVS)53,44752,037-1,410$6.47M$6.67M0.04%+$205.6K
Emerson Electric Co.(EMR)45,46045,4600$6.06M$5.96M0.03%-$97.7K
Comcast Holdings ZONES(CCZ)195,736176,738-18,998$6.99M$5.55M0.03%-$1.43M
Fomento Económico Mexicano, S.A.B. de C.V.ADR(FMX)56,45655,306-1,150$5.81M$5.45M0.03%-$359.0K
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JARISLOWSKY, FRASER Ltd — 13F Holdings — Q3 2025 | TickerTrail