Filed: 7/15/2025ACC: 0001123778-25-000003
📋 What this filing means
JARISLOWSKY, FRASER LTD filed this quarterly 13F‑HR report disclosing 188 equity positions with a total reported market value of $17.50B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
188
Positions
$17.50B
Total AUM (reported)
197.34M
Total Shares
Allocation by class
COMMON STOCK$16.84B96.2%
ADR$566.09M3.2%
NY REG SHRS$50.12M0.3%
ETP$39.42M0.2%
ETF$8.86M0.1%
Portfolio Concentration
Top 3$2.80B16.0%
4–10$4.39B25.1%
11–25$5.07B29.0%
Rest$5.24B29.9%
Top 3 weight
16.0%
Top 10 weight
41.1%
Voting Authority Distribution
Total shares with voting rights: 197.34M
Sole
Full voting authority
197.34M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole188
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings188
Rows:
Canadian National Railway Company
SOLEShares9.24M
TypeSH
Market value$961.02M
5.49%
Sole
9.24M
Shared
0.00
None
0.00
Brookfield Corp
SOLEShares15.51M
TypeSH
Market value$957.78M
5.47%
Sole
15.51M
Shared
0.00
None
0.00
Toronto-Dominion Bank
SOLEShares12M
TypeSH
Market value$880.60M
5.03%
Sole
12M
Shared
0.00
None
0.00
Bank of Montreal
SOLEShares6.40M
TypeSH
Market value$707.84M
4.04%
Sole
6.40M
Shared
0.00
None
0.00
Microsoft Corporation
SOLEShares1.40M
TypeSH
Market value$695.16M
3.97%
Sole
1.40M
Shared
0.00
None
0.00
CAE Inc.
SOLEShares21.75M
TypeSH
Market value$636.12M
3.63%
Sole
21.75M
Shared
0.00
None
0.00
Open Text Corporation
SOLEShares21.03M
TypeSH
Market value$613.33M
3.50%
Sole
21.03M
Shared
0.00
None
0.00
Thomson Reuters Corp
SOLEShares3.01M
TypeSH
Market value$604.23M
3.45%
Sole
3.01M
Shared
0.00
None
0.00
Shopify Inc. Class - A
SOLEShares5.08M
TypeSH
Market value$585.08M
3.34%
Sole
5.08M
Shared
0.00
None
0.00
TC Energy Corp.
SOLEShares11.24M
TypeSH
Market value$547.84M
3.13%
Sole
11.24M
Shared
0.00
None
0.00
Stantec Inc
SOLEShares4.96M
TypeSH
Market value$539.04M
3.08%
Sole
4.96M
Shared
0.00
None
0.00
Franco Nevada Corporation
SOLEShares2.80M
TypeSH
Market value$458.28M
2.62%
Sole
2.80M
Shared
0.00
None
0.00
CGI Inc.
SOLEShares4.22M
TypeSH
Market value$442.10M
2.53%
Sole
4.22M
Shared
0.00
None
0.00
Amazon.Com Inc
SOLEShares2.01M
TypeSH
Market value$441.30M
2.52%
Sole
2.01M
Shared
0.00
None
0.00
Gildan Activewear Inc.
SOLEShares7.41M
TypeSH
Market value$364.50M
2.08%
Sole
7.41M
Shared
0.00
None
0.00
Colliers International Group Inc
SOLEShares2.53M
TypeSH
Market value$330.73M
1.89%
Sole
2.53M
Shared
0.00
None
0.00
Mastercard Inc - A
SOLEShares562.75K
TypeSH
Market value$316.23M
1.81%
Sole
562.75K
Shared
0.00
None
0.00
Oracle Corporation
SOLEShares1.43M
TypeSH
Market value$311.99M
1.78%
Sole
1.43M
Shared
0.00
None
0.00
Abbott Laboratories
SOLEShares2.20M
TypeSH
Market value$298.65M
1.71%
Sole
2.20M
Shared
0.00
None
0.00
TFI International Inc.
SOLEShares3.30M
TypeSH
Market value$295.99M
1.69%
Sole
3.30M
Shared
0.00
None
0.00
JPMorgan Chase & Co.
SOLEShares926.08K
TypeSH
Market value$268.48M
1.53%
Sole
926.08K
Shared
0.00
None
0.00
Descartes Systems Group Inc
SOLEShares2.60M
TypeSH
Market value$264.07M
1.51%
Sole
2.60M
Shared
0.00
None
0.00
Royal Bank of Canada
SOLEShares1.98M
TypeSH
Market value$260.86M
1.49%
Sole
1.98M
Shared
0.00
None
0.00
Boston Scientific Corporation
SOLEShares2.27M
TypeSH
Market value$243.71M
1.39%
Sole
2.27M
Shared
0.00
None
0.00
Fiserv Inc.
SOLEShares1.38M
TypeSH
Market value$238.43M
1.36%
Sole
1.38M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
Canadian National Railway CompanySOLE | Common Stock | 9.24M | SH | $961.02M 5.49% | 9.24M | 0.00 | 0.00 |
Brookfield CorpSOLE | Common Stock | 15.51M | SH | $957.78M 5.47% | 15.51M | 0.00 | 0.00 |
Toronto-Dominion BankSOLE | Common Stock | 12M | SH | $880.60M 5.03% | 12M | 0.00 | 0.00 |
Bank of MontrealSOLE | Common Stock | 6.40M | SH | $707.84M 4.04% | 6.40M | 0.00 | 0.00 |
Microsoft CorporationSOLE | Common Stock | 1.40M | SH | $695.16M 3.97% | 1.40M | 0.00 | 0.00 |
CAE Inc.SOLE | Common Stock | 21.75M | SH | $636.12M 3.63% | 21.75M | 0.00 | 0.00 |
Open Text CorporationSOLE | Common Stock | 21.03M | SH | $613.33M 3.50% | 21.03M | 0.00 | 0.00 |
Thomson Reuters CorpSOLE | Common Stock | 3.01M | SH | $604.23M 3.45% | 3.01M | 0.00 | 0.00 |
Shopify Inc. Class - ASOLE | Common Stock | 5.08M | SH | $585.08M 3.34% | 5.08M | 0.00 | 0.00 |
TC Energy Corp.SOLE | Common Stock | 11.24M | SH | $547.84M 3.13% | 11.24M | 0.00 | 0.00 |
Stantec IncSOLE | Common Stock | 4.96M | SH | $539.04M 3.08% | 4.96M | 0.00 | 0.00 |
Franco Nevada CorporationSOLE | Common Stock | 2.80M | SH | $458.28M 2.62% | 2.80M | 0.00 | 0.00 |
CGI Inc.SOLE | Common Stock | 4.22M | SH | $442.10M 2.53% | 4.22M | 0.00 | 0.00 |
Amazon.Com IncSOLE | Common Stock | 2.01M | SH | $441.30M 2.52% | 2.01M | 0.00 | 0.00 |
Gildan Activewear Inc.SOLE | Common Stock | 7.41M | SH | $364.50M 2.08% | 7.41M | 0.00 | 0.00 |
Colliers International Group IncSOLE | Common Stock | 2.53M | SH | $330.73M 1.89% | 2.53M | 0.00 | 0.00 |
Mastercard Inc - ASOLE | Common Stock | 562.75K | SH | $316.23M 1.81% | 562.75K | 0.00 | 0.00 |
Oracle CorporationSOLE | Common Stock | 1.43M | SH | $311.99M 1.78% | 1.43M | 0.00 | 0.00 |
Abbott LaboratoriesSOLE | Common Stock | 2.20M | SH | $298.65M 1.71% | 2.20M | 0.00 | 0.00 |
TFI International Inc.SOLE | Common Stock | 3.30M | SH | $295.99M 1.69% | 3.30M | 0.00 | 0.00 |
JPMorgan Chase & Co.SOLE | Common Stock | 926.08K | SH | $268.48M 1.53% | 926.08K | 0.00 | 0.00 |
Descartes Systems Group IncSOLE | Common Stock | 2.60M | SH | $264.07M 1.51% | 2.60M | 0.00 | 0.00 |
Royal Bank of CanadaSOLE | Common Stock | 1.98M | SH | $260.86M 1.49% | 1.98M | 0.00 | 0.00 |
Boston Scientific CorporationSOLE | Common Stock | 2.27M | SH | $243.71M 1.39% | 2.27M | 0.00 | 0.00 |
Fiserv Inc.SOLE | Common Stock | 1.38M | SH | $238.43M 1.36% | 1.38M | 0.00 | 0.00 |
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