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Stock research / United States / Funds / Jarislowsky, Fraser Ltd

Jarislowsky, Fraser Ltd

CIK 1123778 · latest 13F filed 21 October 2025 · Read the filing on EDGAR

Jarislowsky, Fraser Ltd reported 188 US-listed holdings worth $18.18 billion in its 13F for the quarter ended 30 September 2025, filed 21 October 2025. Its largest: Brookfield Corporation (5.6%), Toronto-Dominion Bank (5.2%) and Canadian Natl Ry Co. (4.6%). Against the quarter before, it opened 5 positions, added to 39, trimmed 114 and sold out of 1.

Its latest 13F is for the quarter ended 30 September 2025; it has not filed one for a later quarter.

Reported holdings$18.18B+3.9% on Q2 2025
Positions188+4 on Q2 2025
The largest ten41.2%of its reported holdings
Latest 13FQ3 2025filed 21 October 2025
Where the money is
Added toTrimmed
BN5.6%TD5.2%CNI4.6%OTEX4.4%BMO4.2%SHOP4.0%MSFT3.6%CAE3.4%TRP3.2%FNV3.0%TRI2.5%STN2.4%AMZN2.4%GIL2.2%174 more49.4%

The 14 largest of its 188 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q2 2025.

Reported holdings, quarter by quarter
Q4 2023: $17.01 billion in 218 positions$17.0BQ4 23Q1 2024: $17.43 billion in 194 positions$17.4BQ1 24Q3 2024: $17.88 billion in 188 positions$17.9BQ3 24Q4 2024: $17.09 billion in 186 positions$17.1BQ4 24Q1 2025: $15.94 billion in 181 positions$15.9BQ1 25Q2 2025: $17.49 billion in 184 positions$17.5BQ2 25Q3 2025: $18.18 billion in 188 positions$18.2BQ3 25

What the fund reported holding at each quarter's end; hover a bar for the number of positions

What it did on the quarter

Opened 5Added 39Held 30Trimmed 114Sold out 1
Opened: 5Added: 39Held: 30Trimmed: 114Sold out: 1

Its positions against its 13F for the quarter to 30 June 2025; a change under 0.1% of a position counts as held

Opened 5

  1. RB Global Inc. RBA$195.6 million
  2. Intuit Inc. INTU$90.5 million
  3. Invesco QQQ Trust QQQ$621,382
  4. Mitsubishi UFJ Financial Group Inc. MUFG$557,071
  5. Baidu, Inc. BIDU$232,442

Added to 39

  1. Pembina Pipeline Corp PBA+8.4 million shares · +1895%
  2. HDFC Bank Limited HDB+1.5 million shares · +83%
  3. Meta Platforms, Inc. META+62,640 shares · +36%
  4. Public Service Enterprise Group Inc. PEG+530,248 shares · +107%
  5. Fiserv Inc. FISV+125,513 shares · +9%
  6. Mondelez International, Inc. MDLZ+127,412 shares · +9%
  7. NVIDIA Corp. NVDA+37,758 shares · +519%
  8. SAP SE SAP+20,512 shares · +14%

and 31 more in the table below

Trimmed 114

  1. Stantec Inc. STN-881,942 shares · -18%
  2. Autodesk, Inc. ADSK-282,806 shares · -83%
  3. Franco Nev Corp. FNV-334,297 shares · -12%
  4. Bank of Montreal BMO-566,349 shares · -9%
  5. Cyberark Software Ltd CYBR-152,704 shares · -100%
  6. Colliers Intl Group Inc. CIGI-417,047 shares · -16%
  7. Microsoft Corp. MSFT-119,794 shares · -9%
  8. Oracle Corp. ORCL-206,236 shares · -14%

and 106 more in the table below

Sold out of 1

  1. Advanced Micro Devices Inc. AMD$219,661 last quarter

What it holds

CompanySharesValueOf its bookChange in shares
Brookfield Corporation BN14,806,245$1.02 billion5.59%-700,283
Toronto-Dominion Bank TD11,728,785$938.0 million5.16%-267,746
Canadian Natl Ry Co. CNI8,871,249$836.8 million4.60%-370,454
Open Text Corp. OTEX21,150,154$790.7 million4.35%+117,436
Bank of Montreal BMO5,833,830$760.4 million4.18%-566,349
Shopify Inc. SHOP4,861,383$722.4 million3.97%-221,596
Microsoft Corp. MSFT1,277,760$661.8 million3.64%-119,794
Cae Inc. CAE20,943,262$620.3 million3.41%-805,474
TC Energy Corporation TRP10,751,401$584.7 million3.22%-492,953
Franco Nev Corp. FNV2,462,713$548.3 million3.02%-334,297
Thomson Reuters Corporation TRI2,886,701$448.3 million2.47%-124,059
Stantec Inc. STN4,082,124$440.3 million2.42%-881,942
Amazon.com Inc. AMZN1,981,602$435.1 million2.39%-29,879
Gildan Activewear Inc. GIL6,848,156$395.7 million2.18%-564,050
Cgi Inc. GIB4,033,813$359.4 million1.98%-184,431
Pembina Pipeline Corp PBA8,814,455$356.5 million1.96%+8,372,612
Oracle Corp. ORCL1,220,787$343.3 million1.89%-206,236
Colliers Intl Group Inc. CIGI2,115,789$331.0 million1.82%-417,047
Mastercard Inc. MA547,672$311.5 million1.71%-15,077
Abbott Laboratories ABT2,158,089$289.1 million1.59%-37,740
Tfi Intl Inc. TFII3,201,844$281.8 million1.55%-102,189
JPMorgan Chase & Co. JPM878,324$277.0 million1.52%-47,756
Alphabet Inc. GOOG1,078,837$262.8 million1.45%-65,361
Alphabet Inc. GOOGL1,079,717$262.5 million1.44%-135,765
Interactive Brokers Group, Inc. IBKR3,724,608$256.3 million1.41%-492,093
Royal Bank of Canada RY1,645,780$242.6 million1.33%-337,524
Descartes Sys Group Inc. DSGX2,483,153$233.9 million1.29%-121,694
UnitedHealth Group Inc. UNH664,655$229.5 million1.26%-4,839
Boston Scientific Corp. BSX2,192,794$214.1 million1.18%-76,179
Restaurant Brands Intl Inc. QSR3,263,219$209.4 million1.15%-148,118
Taiwan Semiconductor Manufacturing Company Limited TSM739,611$206.6 million1.14%-1,098
RB Global Inc. RBA1,805,849$195.6 million1.08%new
Fiserv Inc. FISV1,508,425$194.5 million1.07%+125,513
PepsiCo Inc. PEP1,302,013$182.9 million1.01%+1,885
Becton Dickinson & Co. BDX935,130$175.0 million0.96%-6,673
Meta Platforms, Inc. META235,586$173.0 million0.95%+62,640
IQVIA Holdings Inc. IQV785,658$149.2 million0.82%-7,365
Copart Inc. CPRT3,112,375$140.0 million0.77%-82,339
Broadcom Inc. AVGO420,881$138.9 million0.76%-3,533
Accenture plc ACN535,794$132.1 million0.73%-17,233
TJX Companies Inc. TJX888,931$128.5 million0.71%-5,173
Sherwin Williams Co. SHW346,536$120.0 million0.66%-9,809
AMETEK Inc. AME614,702$115.6 million0.64%-9,712
HDFC Bank Limited HDB3,317,169$113.3 million0.62%+1,501,721
Berkshire Hathaway Inc. Class B BRKB221,593$111.4 million0.61%-6,141
Danaher Corp. DHR554,230$109.9 million0.60%-11,836
Cadence Design Systems Inc. CDNS303,436$106.6 million0.59%-2,671
Manulife Financial Corporation MFC3,273,476$102.0 million0.56%-107,491
Guidewire Software, Inc. GWRE439,972$101.1 million0.56%-5,260
Mondelez International, Inc. MDLZ1,552,357$97.0 million0.53%+127,412
Intuit Inc. INTU132,503$90.5 million0.50%new
Public Service Enterprise Group Inc. PEG1,025,305$85.6 million0.47%+530,248
Bank Ozk Little Rock ARK OZK1,658,271$84.5 million0.47%-143,928
Enbridge Inc ENB1,671,318$84.3 million0.46%-49,575
Johnson & Johnson JNJ450,506$83.5 million0.46%-22,340
Bank of Nova Scotia BNS1,242,357$80.4 million0.44%-121,010
Chubb Ltd. CB278,658$78.7 million0.43%-8,218
Monster Beverage Corp. MNST1,074,573$72.3 million0.40%-15,147
Procter & Gamble Co. PG404,384$62.1 million0.34%-17,538
ASML Holding N.V. ASML62,723$60.7 million0.33%+179
RELX PLC RELX1,129,509$53.9 million0.30%-19,668
American Financial Group Inc. AFG369,784$53.9 million0.30%-3,582
CME Group Inc. CME175,151$47.3 million0.26%-3,858
SAP SE SAP165,093$44.1 million0.24%+20,512
Costco Wholesale Corp. COST43,841$40.6 million0.22%-2,777
Unilever plc UL676,812$40.1 million0.22%+20,490
Colgate-Palmolive Co. CL418,440$33.5 million0.18%-29,662
Diageo plc DEO339,798$32.4 million0.18%-263,612
Axos Financial, Inc. AX382,183$32.4 million0.18%-4,477
Credit Acceptance Corp. CACC69,214$32.3 million0.18%-1,265
SPDR S&P 500 SPY41,279$27.5 million0.15%-9,519
ServisFirst Bancshares, Inc. SFBS303,115$24.4 million0.13%-3,067
Progressive Corp. PGR91,262$22.5 million0.12%-900
LCI Industries LCII236,956$22.1 million0.12%-2,287
Verisk Analytics, Inc. VRSK86,669$21.8 million0.12%-11,369
AbbVie Inc. ABBV88,873$20.6 million0.11%+90
Autodesk, Inc. ADSK59,225$18.8 million0.10%-282,806
Alcon AG ALC230,438$17.2 million0.09%-4,104
ExxonMobil Holdings Corp. XOM142,564$16.1 million0.09%-1,663
Eli Lilly & Co. LLY20,327$15.5 million0.09%-220
Sea Limited SE86,522$15.5 million0.09%-2,958
Automatic Data Processing Inc. ADP52,462$15.4 million0.08%-9,210
MercadoLibre, Inc. MELI6,175$14.4 million0.08%+28
Triple Flag Precious Metal TFPM443,713$13.0 million0.07%-82,510
Trip.com Group Limited TCOM166,860$12.5 million0.07%-4,263
Apple Inc. AAPL44,738$11.4 million0.06%-7,650
Zoetis Inc. ZTS76,698$11.2 million0.06%-6,724
Nutrien Ltd. NTR181,665$10.7 million0.06%-1,906
Nu Holdings Ltd. NU651,820$10.4 million0.06%+2,580
Credicorp Ltd BAP38,882$10.4 million0.06%-7,758
Telus Corporation TU645,207$10.2 million0.06%-9,566
Booking Holdings Inc. BKNG1,634$8.8 million0.05%-76
Ats Corporation ATS334,904$8.8 million0.05%-44,304
NVIDIA Corp. NVDA45,038$8.4 million0.05%+37,758
Haleon plc HLN821,006$7.4 million0.04%+90,904
Novartis AG NVS52,037$6.7 million0.04%-1,410
Emerson Electric Co. EMR45,460$6.0 million0.03%no change
Comcast Corp. CMCSA176,738$5.6 million0.03%-18,998
Fomento Economico Mexicano S FMX55,306$5.5 million0.03%-1,150
Yum China Hldgs Inc. YUMC126,474$5.4 million0.03%+160
Canadian Pacific Kansas City LT CP69,573$5.2 million0.03%+7,429
Chevron Corp. CVX32,600$5.1 million0.03%+5
Suncor Energy Inc. SU118,134$4.9 million0.03%+7,852
BCE Inc BCE199,725$4.7 million0.03%+22,574
Canadian Imperial Bank of Commerce CM55,674$4.4 million0.02%+9,771
McDonald's Corp. MCD13,592$4.1 million0.02%-433
Coca-Cola Co. KO58,738$3.9 million0.02%-1,000
Infosys Limited INFY238,197$3.9 million0.02%-72,772
Sun Life Financial Inc. SLF61,475$3.7 million0.02%+2,725
Pfizer Inc. PFE141,001$3.6 million0.02%-1,339
BRP Inc. DOO52,687$3.2 million0.02%-15,977
Duke Energy Corp. DUK24,383$3.0 million0.02%no change
TotalEnergies SE TTE48,301$2.9 million0.02%-1,549
Xcel Energy Inc. XEL35,000$2.8 million0.02%no change
CVS Health Corp. CVS36,771$2.8 million0.02%-1,309
Merck & Co., Inc. MRK32,875$2.8 million0.02%-1,275
National Grid plc NGG37,226$2.7 million0.01%-145
Nike, Inc. NKE38,455$2.7 million0.01%-2,420
Novo Nordisk A/S NVO46,215$2.6 million0.01%-25,625
Imperial Oil Ltd IMO27,678$2.5 million0.01%+731
Kimberly Clark Corp. KMB19,263$2.4 million0.01%-197
Allstate Corp. ALL11,081$2.4 million0.01%-50
JD.com, Inc. JD66,790$2.3 million0.01%-8,416
Canadian Natural Resources Limited CNQ66,366$2.1 million0.01%+16,327
ING Groep N.V. ING76,392$2.0 million0.01%+15
Visa Inc. V5,427$1.9 million0.01%-557
EOG Resources Inc. EOG15,525$1.7 million0.01%no change
Linde plc LIN3,600$1.7 million0.01%-12
Barrick Mining Corp B46,306$1.5 million0.01%+13,404
Berkshire Hathaway Inc. Del2$1.5 million0.01%no change
AstraZeneca PLC AZN19,548$1.5 million0.01%+2,286
Walmart Inc. WMT13,659$1.4 million0.01%-209
Home Depot, Inc. HD3,235$1.3 million0.01%no change
iShares Trust EFA14,000$1.3 million0.01%no change
Aflac Inc. AFL11,600$1.3 million0.01%no change
International Flavors & Fragrances Inc. IFF18,000$1.1 million0.01%-1,000
Shell plc SHEL15,220$1.1 million0.01%-400
SPDR Gold Trust GLD2,989$1.1 million0.01%-327
Zimmer Biomet Holdings, Inc. ZBH10,250$1.0 million0.01%no change
Wells Fargo & Company WFC12,000$1.0 million0.01%+500
Agnico Eagle Mines Ltd AEM5,926$998,3140.01%+1,150
Magna Intl Inc. MGA20,686$980,3320.01%+3,596
Philip Morris International Inc. PM5,750$932,6500.01%no change
InterContinental Hotels Group PLC IHG7,434$901,4460.00%+45
Rogers Communications Inc. RCI24,288$836,3070.00%+8,504
Sony Group Corporation SONY25,082$722,1100.00%+6,805
Fortis Inc. FTS13,325$676,0180.00%+220
Medtronic plc MDT6,995$666,2030.00%-22
Cintas Corp. CTAS3,200$656,8320.00%no change
Lowe's Companies Inc. LOW2,555$642,0970.00%-525
Smith & Nephew plc SNN17,150$622,3730.00%-3,675
Invesco QQQ Trust QQQ1,035$621,3820.00%new
Altria Group, Inc. MO9,300$614,3580.00%no change
Waste Connections Inc. WCN3,384$595,0330.00%+706
iShares Trust IYW2,885$565,0560.00%no change
Mitsubishi UFJ Financial Group Inc. MUFG34,948$557,0710.00%new
Metlife Inc. MET6,735$554,7610.00%-7,045
Teck Resources Ltd TECK12,059$529,1080.00%+4,997
3M Co. MMM3,325$515,9730.00%-275
Marsh & McLennan Companies, Inc. MRSH2,323$468,1540.00%no change
Cenovus Energy Inc. CVE26,474$449,6050.00%+10,076
iShares Core S&P 500 ETF IVV660$441,7380.00%+102
Texas Instruments Inc. TXN2,225$408,7990.00%-85
M&T Bank Corp. MTB1,960$387,3350.00%-195
U.S. Bancorp USB7,990$386,1560.00%-3,162
West Fraser Timber Co. Ltd WFG5,614$381,7310.00%+2,024
Hilton Worldwide Holdings Inc. HLT1,445$374,8900.00%no change
Brown Forman Corp. BFA13,200$355,2120.00%no change
Brown Forman Corp. BFB13,057$353,5830.00%-512
Valero Energy Corp. VLO1,992$339,1570.00%no change
Caterpillar Inc. CAT705$336,3900.00%no change
ROSS Stores, Inc. ROST2,174$331,2950.00%no change
Cardinal Health Inc. CAH2,000$313,9200.00%no change
CDW Corp. CDW1,949$310,4360.00%no change
Adobe Inc. ADBE865$305,1280.00%no change
Cyberark Software Ltd CYBR620$299,5530.00%-152,704
Travelers Companies, Inc. TRV1,040$290,3880.00%no change
Illinois Tool Works Inc. ITW1,062$276,9270.00%no change
iShares Trust EEM5,041$269,1890.00%-3,300
Dominion Energy, Inc. D4,336$265,2330.00%no change
Fastenal Co. FAST4,896$240,0990.00%no change
Trane Technologies plc TT565$238,4070.00%-35
Union Pacific Corp. UNP1,003$237,0790.00%no change
Baidu, Inc. BIDU1,764$232,4420.00%new
XP Inc. XP10,949$205,7310.00%-314,208
Siteone Landscape Supply Inc. SITE1,584$204,0190.00%-419,483
Honeywell International Inc. HON958$201,6590.00%no change
Ambev S.A. ABEV71,951$160,4500.00%+750
Every US-listed position in the fund's 13F for the quarter ended 30 September 2025, by the value it reported.
Read moreChange is shares against its 13F for the quarter before; the 1 it sold out of are in the box above.