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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
+1.66%
1 Year Est. Return
+22.04%
3 Year Est. Return
+92.61%
5 Year Est. Return
+122.31%
10 Year Est. Return
+241.41%
AUM
$17.1B
AUM Growth
-$782M
Cap. Flow
-$800M
Cap. Flow %
-4.68%
Top 10 Hldgs %
38.25%
Holding
193
New
2
Increased
37
Reduced
118
Closed
4

Top Buys

Rank Stock Value
1
OTEX icon
Open Text
OTEX
+$60.2M
2
CNI icon
Canadian National Railway
CNI
+$46.2M
3
BMO icon
Bank of Montreal
BMO
+$40.3M
4
CAE icon
CAE Inc. Common Shares
CAE
+$35.9M
5
ASML icon
ASML
ASML
+$21.5M

Top Sells

Rank Stock Value
1
SHOP icon
Shopify
SHOP
+$178M
2
GIL icon
Gildan
GIL
+$75M
3
BN icon
Brookfield
BN
+$48.8M
4
FISV
Fiserv Inc
FISV
+$42.4M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$38M

Sector Composition

Rank Sector Weight
1 Financials 26.88%
2 Technology 20.56%
3 Industrials 17.34%
4 Consumer Discretionary 10.28%
5 Healthcare 8.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BN icon
1
Brookfield
BN
$104B
$1.05B 6.15%
27,446,844
-1,295,283
-5% -$48.8M
CNI icon
2
Canadian National Railway
CNI
$78.3B
$927M 5.42%
9,159,075
+422,078
+5% +$46.2M
BMO icon
3
Bank of Montreal
BMO
$127B
$651M 3.81%
6,711,773
+426,442
+7% +$40.3M
BNS icon
4
Scotiabank
BNS
$108B
$628M 3.67%
11,750,934
-641,313
-5% -$34.6M
CAE icon
5
CAE Inc. Common Shares
CAE
$8.48B
$607M 3.55%
23,994,091
+1,702,904
+8% +$35.9M
MSFT icon
6
Microsoft
MSFT
$2.92T
$573M 3.35%
1,371,654
-77,453
-5% -$33M
TRP icon
7
TC Energy
TRP
$70.5B
$550M 3.21%
11,797,379
-450,630
-4% -$21.3M
TRI icon
8
Thomson Reuters
TRI
$45.1B
$537M 3.14%
3,301,652
-169,102
-5% -$28.5M
OTEX icon
9
Open Text
OTEX
$6.02B
$523M 3.06%
18,547,256
+1,957,695
+12% +$60.2M
MFC icon
10
Manulife Financial
MFC
$74.2B
$495M 2.89%
16,160,979
-571,139
-3% -$17.7M
GIB icon
11
CGI
GIB
$15B
$473M 2.77%
4,341,175
-181,606
-4% -$20.4M
SHOP icon
12
Shopify
SHOP
$169B
$436M 2.55%
4,116,015
-1,833,209
-31% -$178M
AMZN icon
13
Amazon
AMZN
$2.48T
$436M 2.55%
2,009,385
-128,594
-6% -$26.3M
GIL icon
14
Gildan
GIL
$9.58B
$411M 2.41%
8,773,086
-1,555,263
-15% -$75M
QSR icon
15
Restaurant Brands International
QSR
$26B
$411M 2.4%
6,330,904
-238,122
-4% -$16.5M
STN icon
16
Stantec
STN
$8.19B
$391M 2.28%
4,997,846
-212,664
-4% -$17.6M
FNV icon
17
Franco-Nevada
FNV
$40.6B
$377M 2.2%
3,219,986
-152,215
-5% -$18.8M
MA icon
18
Mastercard
MA
$497B
$319M 1.86%
610,962
-28,276
-4% -$14.6M
MGA icon
19
Magna International
MGA
$18.8B
$312M 1.83%
7,496,860
-519,890
-6% -$22.3M
DSGX icon
20
Descartes Systems
DSGX
$6.48B
$306M 1.79%
2,706,032
-132,828
-5% -$14.8M
UNH icon
21
UnitedHealth
UNH
$389B
$305M 1.78%
607,582
-32,695
-5% -$18.6M
FISV
22
Fiserv Inc
FISV
$28.9B
$279M 1.63%
1,358,882
-207,747
-13% -$42.4M
CIGI icon
23
Colliers International
CIGI
$5.31B
$277M 1.62%
2,044,558
-104,654
-5% -$15.5M
ABT icon
24
Abbott
ABT
$187B
$254M 1.49%
2,262,391
-114,939
-5% -$13.3M
GOOGL icon
25
Alphabet (Google) Class A
GOOGL
$4.08T
$252M 1.47%
1,349,673
-216,960
-14% -$38M
1
2 3 4 5

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Jarislowsky, Fraser Ltd's Q4 2024 Portfolio in Review

As of Q4 2024, Jarislowsky, Fraser Ltd held 193 positions worth $17.1B, down 4.4% from $17.9B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Jarislowsky, Fraser Ltd withdrew a net $800M in Q4 2024, closing 4 positions and reducing 118 holdings. Its most notable exit was Hingham Institution for Saving, an estimated $242K position sold in full.

By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 26% a quarter earlier, followed by Technology and Industrials.

Against the trend, Jarislowsky, Fraser Ltd opened a new position in South Bow Corp worth $260K.

  • Jarislowsky, Fraser Ltd's largest Q4 2024 buy was South Bow Corp: 11,044 shares worth $260K.
  • Jarislowsky, Fraser Ltd added most to Open Text in Q4 2024, an estimated $60.2M increase.
  • Jarislowsky, Fraser Ltd's biggest Q4 2024 reduction was Shopify, cutting an estimated $178M.
  • Jarislowsky, Fraser Ltd fully exited Hingham Institution for Saving in Q4 2024, selling an estimated $242K.
  • Jarislowsky, Fraser Ltd's ten largest holdings make up 38% of its $17.1B portfolio in Q4 2024.
  • Jarislowsky, Fraser Ltd opened 2 new positions and closed 4 in Q4 2024.
  • Jarislowsky, Fraser Ltd's portfolio value fell 4.4% quarter-over-quarter to $17.1B.

Based on Jarislowsky, Fraser Ltd's 13F filing for Q4 2024, filed 14 Feb 2025.