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JFL

Jarislowsky, Fraser Ltd Portfolio holdings

AUM $18.2B
1-Year Est. Return 22.04%
This Fund
S&P 500
This Quarter Est. Return
+8.22%
1 Year Est. Return
+22.04%
3 Year Est. Return
+92.62%
5 Year Est. Return
+122.31%
10 Year Est. Return
+241.46%
AUM
$18.2B
AUM Growth
+$691M
Cap. Flow
-$439M
Cap. Flow %
-2.41%
Top 10 Hldgs %
41.11%
Holding
193
New
5
Increased
40
Reduced
115
Closed
1
Avg Time Held
29.4 quarters
Top 10 Avg Time Held
14.7 quarters
Top 20 Avg Time Held
19.6 quarters

Top Buys

Rank Stock Value
1
PBA icon
Pembina Pipeline
PBA
+$316M
2
RBA icon
RB Global
RBA
+$202M
3
INTU icon
Intuit
INTU
+$95.5M
4
META icon
Meta Platforms (Facebook)
META
+$46.6M
5
PEG icon
Public Service Enterprise Group
PEG
+$44.5M

Top Sells

Rank Stock Value
1
STN icon
Stantec
STN
+$96.3M
2
ADSK icon
Autodesk
ADSK
+$86.2M
3
BMO icon
Bank of Montreal
BMO
+$67.1M
4
CYBR icon
CyberArk
CYBR
+$65.6M
5
CIGI icon
Colliers International
CIGI
+$64.1M

Sector Composition

Rank Sector Weight
1 Financials 25.43%
2 Technology 23.34%
3 Industrials 17.46%
4 Healthcare 7.39%
5 Consumer Discretionary 6.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
BN icon
1
Brookfield
BN
$82.7B
$1.02B 5.58%
22,209,368
-1,050,424
-5% -$46.5M
2016 Q4
35 quarters
TD icon
2
Toronto Dominion Bank
TD
$190B
$938M 5.16%
11,728,785
-267,746
-2% -$20.1M
2016 Q3
36 quarters
CNI icon
3
Canadian National Railway
CNI
$71.6B
$837M 4.6%
8,871,249
-370,454
-4% -$35.7M
2013 Q2
49 quarters
OTEX icon
4
Open Text
OTEX
$5.85B
$791M 4.35%
21,150,154
+117,436
+0.6% +$3.76M
2013 Q2
49 quarters
BMO icon
5
Bank of Montreal
BMO
$114B
$760M 4.18%
5,833,830
-566,349
-9% -$67.1M
2013 Q2
49 quarters
SHOP icon
6
Shopify
SHOP
$231B
$722M 3.97%
4,861,383
-221,596
-4% -$30M
2020 Q1
22 quarters
MSFT icon
7
Microsoft
MSFT
$4.02T
$662M 3.64%
1,277,760
-119,794
-9% -$61.1M
2013 Q2
49 quarters
CAE icon
8
CAE Inc
CAE
$7.63B
$620M 3.41%
20,943,262
-805,474
-4% -$22.7M
2013 Q2
49 quarters
TRP icon
9
TC Energy
TRP
$63.1B
$585M 3.21%
10,751,401
-492,953
-4% -$24.7M
2016 Q3
36 quarters
FNV icon
10
Franco-Nevada
FNV
$47.4B
$548M 3.01%
2,462,713
-334,297
-12% -$60.2M
2021 Q1
18 quarters
TRI icon
11
Thomson Reuters
TRI
$45.2B
$448M 2.46%
2,842,131
-122,143
-4% -$22.8M
2016 Q3
36 quarters
STN icon
12
Stantec
STN
$7.51B
$440M 2.42%
4,082,124
-881,942
-18% -$96.3M
2016 Q3
36 quarters
AMZN icon
13
Amazon
AMZN
$2.8T
$435M 2.39%
1,981,602
-29,879
-1% -$6.76M
2018 Q1
30 quarters
GIL icon
14
Gildan
GIL
$7.81B
$396M 2.17%
6,848,156
-564,050
-8% -$30.2M
2015 Q1
42 quarters
GIB icon
15
CGI
GIB
$14.6B
$359M 1.98%
4,033,813
-184,431
-4% -$17.8M
2014 Q4
43 quarters
PBA icon
16
Pembina Pipeline
PBA
$27.8B
$356M 1.96%
8,814,455
+8,372,612
+1,895% +$316M
2013 Q3
48 quarters
ORCL icon
17
Oracle
ORCL
$416B
$343M 1.89%
1,220,787
-206,236
-14% -$52.5M
2013 Q2
49 quarters
CIGI icon
18
Colliers International
CIGI
$4.42B
$331M 1.82%
2,115,789
-417,047
-16% -$64.1M
2017 Q4
31 quarters
MA icon
19
Mastercard
MA
$521B
$312M 1.71%
547,672
-15,077
-3% -$8.66M
2015 Q1
42 quarters
ABT icon
20
Abbott
ABT
$176B
$289M 1.59%
2,158,089
-37,740
-2% -$4.95M
2013 Q2
49 quarters
TFII icon
21
TFI International
TFII
$9.27B
$282M 1.55%
3,201,844
-102,189
-3% -$9.35M
2025 Q1
2 quarters
JPM icon
22
JPMorgan Chase
JPM
$889B
$277M 1.52%
878,324
-47,756
-5% -$14.2M
2013 Q2
49 quarters
GOOG icon
23
Alphabet (Google) Class C
GOOG
$4.27T
$263M 1.44%
1,078,837
-65,361
-6% -$13.7M
2013 Q3
48 quarters
GOOGL icon
24
Alphabet (Google) Class A
GOOGL
$4.31T
$262M 1.44%
1,079,717
-135,765
-11% -$28.4M
2015 Q4
39 quarters
IBKR icon
25
Interactive Brokers
IBKR
$39.8B
$256M 1.41%
3,724,608
-492,093
-12% -$31M
2019 Q3
24 quarters
1
2 3 4 5

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ECM
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BAM
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SF
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WIM
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SIG
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PFPT
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Jarislowsky, Fraser Ltd's Q3 2025 Portfolio in Review

As of Q3 2025, Jarislowsky, Fraser Ltd held 193 positions worth $18.2B, up 3.9% from $17.5B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Trading was light in Q3 2025: portfolio turnover was 3.1%. Jarislowsky, Fraser Ltd opened 5 new positions and exited 1, leaving the 193-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 25% of assets, down from 26% a quarter earlier, followed by Technology and Industrials.

  • Jarislowsky, Fraser Ltd's largest Q3 2025 buy was RB Global: 1,805,849 shares worth $196M.
  • Jarislowsky, Fraser Ltd added most to Pembina Pipeline in Q3 2025, an estimated $316M increase.
  • Jarislowsky, Fraser Ltd's biggest Q3 2025 reduction was Stantec, cutting an estimated $96.3M.
  • Jarislowsky, Fraser Ltd fully exited Advanced Micro Devices in Q3 2025, selling an estimated $220K.
  • Jarislowsky, Fraser Ltd's ten largest holdings make up 41% of its $18.2B portfolio in Q3 2025.
  • Jarislowsky, Fraser Ltd opened 5 new positions and closed 1 in Q3 2025.
  • Jarislowsky, Fraser Ltd's portfolio value rose 3.9% quarter-over-quarter to $18.2B.

Based on Jarislowsky, Fraser Ltd's 13F filing for Q3 2025, filed 21 Oct 2025.