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 |
Enbridge
ENB
|
+$64.2M |
| 2 |
Pembina Pipeline
PBA
|
+$31.5M |
| 3 |
NLSN
Nielsen Holdings plc
NLSN
|
+$13.5M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$11.3M |
| 5 |
Gildan
GIL
|
+$8.72M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Suncor Energy
SU
|
+$32.8M |
| 2 |
Toronto Dominion Bank
TD
|
+$25.9M |
| 3 |
Royal Bank of Canada
RY
|
+$24M |
| 4 |
Pfizer
PFE
|
+$15.8M |
| 5 |
Canadian National Railway
CNI
|
+$15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 32.12% |
| 2 | Energy | 20.59% |
| 3 | Industrials | 13.27% |
| 4 | Technology | 10.1% |
| 5 | Healthcare | 8.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Toronto Dominion Bank
TD
$202B
| $1.28B | 8.09% |
25,584,673
-506,030
| -2% | -$25.9M |
2016 Q3
2 quarters
|
|
|
2
Royal Bank of Canada
RY
$280B
| $1.2B | 7.58% |
16,482,992
-331,054
| -2% | -$24M |
2016 Q3
2 quarters
|
|
3
Scotiabank
BNS
$113B
| $978M | 6.19% |
16,763,058
-215,455
| -1% | -$12.8M |
2013 Q2
15 quarters
|
|
|
4
Enbridge
ENB
$106B
| $823M | 5.21% |
19,697,622
+1,520,161
| +8% | +$64.2M |
2013 Q2
15 quarters
|
|
|
5
Canadian National Railway
CNI
$76.3B
| $760M | 4.82% |
10,332,440
-210,806
| -2% | -$15M |
2013 Q2
15 quarters
|
|
6
Canadian Natural Resources
CNQ
$101B
| $705M | 4.47% |
44,104,063
+7,059
| +0% | +$107K |
2013 Q2
15 quarters
|
|
7
Manulife Financial
MFC
$72.8B
| $609M | 3.86% |
34,420,433
-516,528
| -1% | -$9.5M |
2013 Q2
15 quarters
|
|
8
Open Text
OTEX
$6B
| $581M | 3.68% |
17,149,056
-234,456
| -1% | -$7.79M |
2013 Q2
15 quarters
|
|
9
Thomson Reuters
TRI
$47.4B
| $403M | 2.55% |
8,054,320
-129,007
| -2% | -$6.59M |
2016 Q3
2 quarters
|
|
|
10
Gildan
GIL
$6.42B
| $401M | 2.54% |
14,878,696
+342,337
| +2% | +$8.72M |
2015 Q1
8 quarters
|
|
|
11
Pembina Pipeline
PBA
$29.3B
| $353M | 2.23% |
11,163,285
+991,408
| +10% | +$31.5M |
2013 Q3
14 quarters
|
|
|
POT
12
DELISTED
Potash Corp Of Saskatchewan
POT
| $318M | 2.02% |
18,691,403
-212,614
| -1% | -$3.85M |
2013 Q2
15 quarters
|
|
13
Cenovus Energy
CVE
$52.6B
| $282M | 1.78% |
24,965,235
-334,826
| -1% | -$4.5M |
2013 Q2
15 quarters
|
|
14
CGI
GIB
$16.7B
| $268M | 1.7% |
5,607,289
-45,148
| -0.8% | -$2.17M |
2014 Q4
9 quarters
|
|
15
Stantec
STN
$9.48B
| $266M | 1.69% |
10,282,731
-194,934
| -2% | -$5.11M |
2016 Q3
2 quarters
|
|
16
Vermilion Energy
VET
$1.66B
| $239M | 1.51% |
6,396,139
-98,211
| -2% | -$3.88M |
2016 Q3
2 quarters
|
|
17
JPMorgan Chase
JPM
$919B
| $218M | 1.38% |
2,481,404
-49,504
| -2% | -$4.37M |
2013 Q2
15 quarters
|
|
18
Johnson & Johnson
JNJ
$688B
| $202M | 1.28% |
1,619,221
-61,221
| -4% | -$7.31M |
2013 Q2
15 quarters
|
|
19
CAE Inc
CAE
$8.92B
| $196M | 1.24% |
12,866,348
-261,570
| -2% | -$3.83M |
2013 Q2
15 quarters
|
|
20
PepsiCo
PEP
$198B
| $190M | 1.2% |
1,697,722
-34,601
| -2% | -$3.71M |
2013 Q2
15 quarters
|
|
21
DELISTED
Walgreens Boots Alliance
WBA
| $184M | 1.16% |
2,211,826
-33,127
| -1% | -$2.78M |
2016 Q3
2 quarters
|
|
22
Cameco
CCJ
$30.8B
| $177M | 1.12% |
15,994,800
-275,277
| -2% | -$3.14M |
2013 Q2
15 quarters
|
|
23
Wells Fargo
WFC
$258B
| $169M | 1.07% |
3,036,039
-12,651
| -0.4% | -$718K |
2016 Q3
2 quarters
|
|
24
Microsoft
MSFT
$3.89T
| $169M | 1.07% |
2,563,451
+32,827
| +1% | +$2.1M |
2013 Q2
15 quarters
|
|
25
Colgate-Palmolive
CL
$79.2B
| $162M | 1.02% |
2,210,317
-61,483
| -3% | -$4.3M |
2013 Q2
15 quarters
|
|
Similar funds
Jarislowsky, Fraser Ltd's Q1 2017 Portfolio in Review
As of Q1 2017, Jarislowsky, Fraser Ltd held 204 positions worth $15.8B, up 1% from $15.6B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Jarislowsky, Fraser Ltd's Q1 2017 filing shows 7 new, 42 increased, 135 reduced and 5 closed positions. Its largest new stake was TSMC: 8,735 shares worth $286K. The largest sale was Suncor Energy, an estimated $32.8M.
By sector, the portfolio is most concentrated in Financials at 32% of assets, up from 32% a quarter earlier, followed by Energy and Industrials.
- Jarislowsky, Fraser Ltd's largest Q1 2017 buy was TSMC: 8,735 shares worth $286K.
- Jarislowsky, Fraser Ltd added most to Enbridge in Q1 2017, an estimated $64.2M increase.
- Jarislowsky, Fraser Ltd's biggest Q1 2017 reduction was Suncor Energy, cutting an estimated $32.8M.
- Jarislowsky, Fraser Ltd fully exited Spectra Energy Corp Wi in Q1 2017, selling an estimated $13.2M.
- Jarislowsky, Fraser Ltd's ten largest holdings make up 49% of its $15.8B portfolio in Q1 2017.
- Jarislowsky, Fraser Ltd opened 7 new positions and closed 5 in Q1 2017.
- Jarislowsky, Fraser Ltd's portfolio value rose 1% quarter-over-quarter to $15.8B.
Based on Jarislowsky, Fraser Ltd's 13F filing for Q1 2017, filed 11 May 2017.