Jarislowsky, Fraser Ltd Portfolio holdings
Jarislowsky Fraser started in 1955 as a Montreal research firm that sold its stock research to investment managers in the US and UK. Its founder, Stephen Jarislowsky, was a Harvard-educated investor and former Alcan executive. The firm won its first pension fund client by 1966, and managing money for institutions became its core business. Scotiabank bought it in 2018, and the firm kept its Montreal headquarters and its investment independence. It looks for quality, sustainable businesses to hold for long-term growth, and serves pension funds, endowments, foundations, corporations and Indigenous communities.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Veren
VRN
|
+$92.2M |
| 2 |
POT
Potash Corp Of Saskatchewan
POT
|
+$90.3M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$59M |
| 4 |
Gildan
GIL
|
+$37.2M |
| 5 |
Enbridge
ENB
|
+$37.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Automatic Data Processing
ADP
|
+$46.8M |
| 2 |
Fiserv Inc
FISV
|
+$42.4M |
| 3 |
Banco Bradesco
BBD
|
+$22.5M |
| 4 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$13.3M |
| 5 |
Johnson & Johnson
JNJ
|
+$9.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 29.36% |
| 2 | Energy | 22.55% |
| 3 | Industrials | 13.2% |
| 4 | Technology | 10.6% |
| 5 | Healthcare | 8.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Toronto Dominion Bank
TD
$202B
| $1.12B | 7.84% |
25,852,664
-6,822
| -0% | -$263K |
2013 Q2
11 quarters
|
|
2
Royal Bank of Canada
RY
$280B
| $965M | 6.75% |
16,676,648
-12,164
| -0.1% | -$630K |
2013 Q2
11 quarters
|
|
3
Scotiabank
BNS
$113B
| $833M | 5.82% |
17,348,323
-68,969
| -0.4% | -$2.82M |
2013 Q2
11 quarters
|
|
4
Canadian National Railway
CNI
$76B
| $670M | 4.69% |
10,683,462
-15,083
| -0.1% | -$845K |
2013 Q2
11 quarters
|
|
|
5
Enbridge
ENB
$106B
| $594M | 4.15% |
15,193,695
+1,088,540
| +8% | +$37.2M |
2013 Q2
11 quarters
|
|
6
Suncor Energy
SU
$78B
| $549M | 3.84% |
19,626,394
-21,854
| -0.1% | -$529K |
2013 Q2
11 quarters
|
|
7
Canadian Natural Resources
CNQ
$98.2B
| $506M | 3.54% |
38,541,637
+362,850
| +1% | +$3.87M |
2013 Q2
11 quarters
|
|
8
Manulife Financial
MFC
$73.1B
| $493M | 3.45% |
34,674,642
+1,771,886
| +5% | +$23.7M |
2013 Q2
11 quarters
|
|
9
Open Text
OTEX
$5.93B
| $447M | 3.12% |
17,174,876
+1,458
| +0% | +$35.1K |
2013 Q2
11 quarters
|
|
10
Thomson Reuters
TRI
$47B
| $392M | 2.74% |
8,308,984
-84,614
| -1% | -$3.64M |
2013 Q2
11 quarters
|
|
|
11
Gildan
GIL
$6.61B
| $363M | 2.54% |
11,863,477
+1,402,974
| +13% | +$37.2M |
2015 Q1
4 quarters
|
|
12
Cenovus Energy
CVE
$50B
| $328M | 2.3% |
25,136,608
+96,790
| +0.4% | +$1.16M |
2013 Q2
11 quarters
|
|
|
POT
13
DELISTED
Potash Corp Of Saskatchewan
POT
| $269M | 1.88% |
15,748,919
+5,369,720
| +52% | +$90.3M |
2013 Q2
11 quarters
|
|
14
CGI
GIB
$17.1B
| $268M | 1.87% |
5,585,232
-9,774
| -0.2% | -$409K |
2014 Q4
5 quarters
|
|
15
Pembina Pipeline
PBA
$28.5B
| $243M | 1.7% |
8,940,524
+16,473
| +0.2% | +$384K |
2013 Q3
10 quarters
|
|
16
Stantec
STN
$8.52B
| $233M | 1.63% |
9,127,711
+58,033
| +0.6% | +$1.33M |
2013 Q2
11 quarters
|
|
17
Cameco
CCJ
$31.7B
| $218M | 1.52% |
16,886,521
-33,800
| -0.2% | -$404K |
2013 Q2
11 quarters
|
|
|
18
Johnson & Johnson
JNJ
$676B
| $195M | 1.37% |
1,805,008
-92,094
| -5% | -$9.5M |
2013 Q2
11 quarters
|
|
19
DELISTED
Walgreens Boots Alliance
WBA
| $194M | 1.36% |
2,304,903
-45,880
| -2% | -$3.66M |
2013 Q2
11 quarters
|
|
20
Vermilion Energy
VET
$1.57B
| $189M | 1.32% |
6,422,388
-10,115
| -0.2% | -$271K |
2014 Q3
6 quarters
|
|
21
Procter & Gamble
PG
$391B
| $183M | 1.28% |
2,224,345
-38,653
| -2% | -$3.11M |
2013 Q2
11 quarters
|
|
22
PepsiCo
PEP
$196B
| $182M | 1.27% |
1,777,567
-66,324
| -4% | -$6.55M |
2013 Q2
11 quarters
|
|
23
Colgate-Palmolive
CL
$78B
| $172M | 1.2% |
2,437,542
-46,004
| -2% | -$3.06M |
2013 Q2
11 quarters
|
|
24
CVS Health
CVS
$114B
| $166M | 1.16% |
1,604,909
-27,922
| -2% | -$2.71M |
2013 Q2
11 quarters
|
|
25
CAE Inc
CAE
$8.92B
| $152M | 1.06% |
13,066,254
-92,310
| -0.7% | -$999K |
2013 Q2
11 quarters
|
|
Similar funds
Jarislowsky, Fraser Ltd's Q1 2016 Portfolio in Review
As of Q1 2016, Jarislowsky, Fraser Ltd held 147 positions worth $14.3B, up 8.7% from $13.2B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Trading was light in Q1 2016: portfolio turnover was 4.8%. Jarislowsky, Fraser Ltd opened 3 new positions and exited 4, leaving the 147-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 29% of assets, down from 29% a quarter earlier, followed by Energy and Industrials.
- Jarislowsky, Fraser Ltd's largest Q1 2016 buy was Veren: 7,975,060 shares worth $111M.
- Jarislowsky, Fraser Ltd added most to Potash Corp Of Saskatchewan in Q1 2016, an estimated $90.3M increase.
- Jarislowsky, Fraser Ltd's biggest Q1 2016 reduction was Automatic Data Processing, cutting an estimated $46.8M.
- Jarislowsky, Fraser Ltd fully exited Synchrony in Q1 2016, selling an estimated $504K.
- Jarislowsky, Fraser Ltd's ten largest holdings make up 46% of its $14.3B portfolio in Q1 2016.
- Jarislowsky, Fraser Ltd opened 3 new positions and closed 4 in Q1 2016.
- Jarislowsky, Fraser Ltd's portfolio value rose 8.7% quarter-over-quarter to $14.3B.
Based on Jarislowsky, Fraser Ltd's 13F filing for Q1 2016, filed 12 May 2016.