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JARISLOWSKY, FRASER Ltd
Period ended Sep 30, 2025 · Latest filing Oct 21, 2025
These quarterly holdings are delayed and may not include all assets or short positions.
Values are from the reporting date, not current prices or purchase costs.
The same security may appear in multiple rows.
Source: SEC
Reported portfolio value
Quarter-end reported holdings; not current value or investment performance.
View reported values
- Sep 30, 2025: $18,195,809,349
More quarters will appear as history becomes available.
Top holdings
Top 10 at Sep 30, 2025. Matching entries are combined; security classes and options remain separate. Shares exclude principal amounts; option shares reflect the reported underlying amount.
View top holdings values
- Brookfield Corp · Common Stock · 11271J107 · shares: $1,016,131,581
- Toronto-Dominion Bank · Common Stock · 891160509 · shares: $938,032,962
- Canadian National Railway Company · Common Stock · 136375102 · shares: $836,755,589
- Open Text Corporation · Common Stock · 683715106 · shares: $790,736,244
- Bank of Montreal · Common Stock · 063671101 · shares: $760,360,119
- Shopify Inc. Class - A · Common Stock · 82509L107 · shares: $722,394,554
- Microsoft Corporation · Common Stock · 594918104 · shares: $661,815,792
- CAE Inc. · Common Stock · 124765108 · shares: $620,290,230
- TC Energy Corp. · Common Stock · 87807B107 · shares: $584,705,108
- Franco Nevada Corporation · Common Stock · 351858105 · shares: $548,278,944
Reported holdings
192 reported entries| Issuer | Class | CUSIP | Type | Shares / principal | Reported value (USD) |
|---|---|---|---|---|---|
| Brookfield Corp | Common Stock | 11271J107 | — | 14,806,245 shares | $1,016,131,581 |
| Toronto-Dominion Bank | Common Stock | 891160509 | — | 11,728,785 shares | $938,032,962 |
| Canadian National Railway Company | Common Stock | 136375102 | — | 8,871,249 shares | $836,755,589 |
| Open Text Corporation | Common Stock | 683715106 | — | 21,150,154 shares | $790,736,244 |
| Bank of Montreal | Common Stock | 063671101 | — | 5,833,830 shares | $760,360,119 |
| Shopify Inc. Class - A | Common Stock | 82509L107 | — | 4,861,383 shares | $722,394,554 |
| Microsoft Corporation | Common Stock | 594918104 | — | 1,277,760 shares | $661,815,792 |
| CAE Inc. | Common Stock | 124765108 | — | 20,943,262 shares | $620,290,230 |
| TC Energy Corp. | Common Stock | 87807B107 | — | 10,751,401 shares | $584,705,108 |
| Franco Nevada Corporation | Common Stock | 351858105 | — | 2,462,713 shares | $548,278,944 |
| Thomson Reuters Corp | Common Stock | 884903808 | — | 2,886,701 shares | $448,337,187 |
| Stantec Inc | Common Stock | 85472N109 | — | 4,082,124 shares | $440,337,631 |
| Amazon.Com Inc | Common Stock | 023135106 | — | 1,981,602 shares | $435,100,351 |
| Gildan Activewear Inc. | Common Stock | 375916103 | — | 6,848,156 shares | $395,710,794 |
| CGI Inc. | Common Stock | 12532H104 | — | 4,033,813 shares | $359,373,310 |
| Pembina Pipeline Corporation | Common Stock | 706327103 | — | 8,814,455 shares | $356,467,861 |
| Oracle Corporation | Common Stock | 68389X105 | — | 1,220,787 shares | $343,334,135 |
| Colliers International Group Inc | Common Stock | 194693107 | — | 2,115,789 shares | $330,977,857 |
| Mastercard Inc - A | Common Stock | 57636Q104 | — | 547,672 shares | $311,521,310 |
| Abbott Laboratories | Common Stock | 002824100 | — | 2,158,089 shares | $289,054,440 |
| TFI International Inc. | Common Stock | 87241L109 | — | 3,201,844 shares | $281,846,954 |
| JPMorgan Chase & Co. | Common Stock | 46625H100 | — | 878,324 shares | $277,049,739 |
| Alphabet Inc - C | Common Stock | 02079K107 | — | 1,078,837 shares | $262,750,751 |
| Alphabet Inc - A | Common Stock | 02079K305 | — | 1,079,717 shares | $262,479,202 |
| Interactive Brokers Group Inc | Common Stock | 45841N107 | — | 3,724,608 shares | $256,290,276 |
| Royal Bank of Canada | Common Stock | 780087102 | — | 1,645,780 shares | $242,620,316 |
| Descartes Systems Group Inc | Common Stock | 249906108 | — | 2,483,153 shares | $233,859,687 |
| UnitedHealth Group Incorporated | Common Stock | 91324P102 | — | 664,655 shares | $229,505,371 |
| Boston Scientific Corporation | Common Stock | 101137107 | — | 2,192,794 shares | $214,082,478 |
| Restaurant Brands International Inc. | Common Stock | 76131D103 | — | 3,263,219 shares | $209,386,324 |
| Taiwan Semiconductor Manufactng ADR | ADR | 874039100 | — | 739,611 shares | $206,565,956 |
| RB Global Inc | Common Stock | 74935Q107 | — | 1,805,849 shares | $195,640,130 |
| Fiserv Inc. | Common Stock | 337738108 | — | 1,508,425 shares | $194,481,235 |
| PepsiCo Inc. | Common Stock | 713448108 | — | 1,302,013 shares | $182,854,705 |
| Becton Dickinson and Company | Common Stock | 075887109 | — | 935,130 shares | $175,028,282 |
| Meta Platforms Inc | Common Stock | 30303M102 | — | 235,586 shares | $173,009,646 |
| IQVIA Holdings Inc | Common Stock | 46266C105 | — | 785,658 shares | $149,227,880 |
| Copart Inc | Common Stock | 217204106 | — | 3,112,375 shares | $139,963,503 |
| Broadcom Inc | Common Stock | 11135F101 | — | 420,881 shares | $138,852,850 |
| Accenture Plc | Common Stock | G1151C101 | — | 535,794 shares | $132,126,800 |
| TJX Companies Inc. | Common Stock | 872540109 | — | 888,931 shares | $128,486,086 |
| The Sherwin-Williams Company | Common Stock | 824348106 | — | 346,536 shares | $119,991,555 |
| AMETEK Inc | Common Stock | 031100100 | — | 614,702 shares | $115,563,976 |
| HDFC Bank Ltd ADR | ADR | 40415F101 | — | 3,317,169 shares | $113,314,493 |
| Berkshire Hathaway Inc - B | Common Stock | 084670702 | — | 221,593 shares | $111,403,664 |
| Danaher Corporation | Common Stock | 235851102 | — | 554,230 shares | $109,881,639 |
| Cadence Design Systems Inc | Common Stock | 127387108 | — | 303,436 shares | $106,584,929 |
| Manulife Financial Corporation | Common Stock | 56501R106 | — | 3,273,476 shares | $102,010,705 |
| Guidewire Software Inc | Common Stock | 40171V100 | — | 439,972 shares | $101,131,963 |
| Mondelez International Inc. | Common Stock | 609207105 | — | 1,552,357 shares | $96,975,741 |
| Intuit Inc | Common Stock | 461202103 | — | 132,503 shares | $90,487,623 |
| Public Service Enterprises Group | Common Stock | 744573106 | — | 1,025,305 shares | $85,571,955 |
| Bank OZK | Common Stock | 06417N103 | — | 1,658,271 shares | $84,538,655 |
| Enbridge Inc | Common Stock | 29250N105 | — | 1,671,318 shares | $84,334,654 |
| Johnson & Johnson | Common Stock | 478160104 | — | 450,506 shares | $83,532,822 |
| Bank of Nova Scotia | Common Stock | 064149107 | — | 1,242,357 shares | $80,350,478 |
| Chubb Limited | Common Stock | H1467J104 | — | 278,658 shares | $78,651,220 |
| Monster Beverage Corp | Common Stock | 61174X109 | — | 1,074,573 shares | $72,329,508 |
| Procter & Gamble Company | Common Stock | 742718109 | — | 404,384 shares | $62,133,601 |
| ASML Holding NV-NY Reg Shs | NY Reg Shrs | N07059210 | — | 62,723 shares | $60,721,509 |
| Relx Plc ADR | ADR | 759530108 | — | 1,129,509 shares | $53,945,349 |
| American Financial Group Inc/OH | Common Stock | 025932104 | — | 369,784 shares | $53,884,924 |
| CME Group Inc. | Common Stock | 12572Q105 | — | 175,151 shares | $47,324,048 |
| SAP AG ADR | ADR | 803054204 | — | 165,093 shares | $44,114,500 |
| Costco Wholesale Corporation | Common Stock | 22160K105 | — | 43,841 shares | $40,580,544 |
| Unilever Plc ADR | ADR | 904767704 | — | 676,812 shares | $40,121,415 |
| Colgate-Palmolive Company | Common Stock | 194162103 | — | 418,440 shares | $33,450,093 |
| Diageo Plc ADR | ADR | 25243Q205 | — | 339,798 shares | $32,426,923 |
| Axos Financial Inc | Common Stock | 05465C100 | — | 382,183 shares | $32,351,790 |
| Credit Acceptance Corp. | Common Stock | 225310101 | — | 69,214 shares | $32,318,093 |
| SPDR S&P 500 ETF Trust | ETP | 78462F103 | — | 41,279 shares | $27,499,244 |
| ServisFirst Bancshares Inc | Common Stock | 81768T108 | — | 303,115 shares | $24,409,850 |
| Progressive Corp/The | Common Stock | 743315103 | — | 91,262 shares | $22,537,150 |
| LCI Industries | Common Stock | 50189K103 | — | 236,956 shares | $22,072,451 |
| Verisk Analytics Inc - A | Common Stock | 92345Y106 | — | 86,669 shares | $21,798,120 |
| Abbvie Inc | Common Stock | 00287Y109 | — | 88,873 shares | $20,577,654 |
| Autodesk Inc | Common Stock | 052769106 | — | 59,225 shares | $18,814,005 |
| Alcon Inc. | Common Stock | H01301128 | — | 230,438 shares | $17,169,935 |
| Exxon Mobil Corporation | Common Stock | 30231G102 | — | 142,564 shares | $16,074,091 |
| Eli Lilly & Company | Common Stock | 532457108 | — | 20,327 shares | $15,509,501 |
| Sea Ltd | ADR | 81141R100 | — | 86,522 shares | $15,464,077 |
| Automatic Data Processing Inc. | Common Stock | 053015103 | — | 52,462 shares | $15,397,597 |
| MercadoLibre Inc | Common Stock | 58733R102 | — | 6,175 shares | $14,430,604 |
| Triple Flag Precious Metals Corp | Common Stock | 89679M104 | — | 443,713 shares | $12,991,855 |
| Trip.com Group Ltd - ADR | Common Stock | 89677Q107 | — | 166,860 shares | $12,547,872 |
| Apple Inc. | Common Stock | 037833100 | — | 44,738 shares | $11,391,636 |
| Zoetis Inc. | Common Stock | 98978V103 | — | 76,698 shares | $11,222,451 |
| Nutrien Ltd | Common Stock | 67077M108 | — | 181,665 shares | $10,670,851 |
| NU Holdings Ltd/Cayman Islands | Common Stock | G6683N103 | — | 651,820 shares | $10,435,638 |
| Credicorp Ltd ADR | Common Stock | G2519Y108 | — | 38,882 shares | $10,353,498 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF | ETF | 464288646 | — | 192,744 principal | $10,221,214 |
| TELUS Corp | Common Stock | 87971M103 | — | 645,207 shares | $10,164,537 |
| Booking Holdings Inc | Common Stock | 09857L108 | — | 1,634 shares | $8,822,407 |
| ATS Corp | Common Stock | 00217Y104 | — | 334,904 shares | $8,763,730 |
| NVIDIA Corporation | Common Stock | 67066G104 | — | 45,038 shares | $8,403,190 |
| Haleon PLC | Common Stock | 405552100 | — | 821,006 shares | $7,364,423 |
| Novartis AG ADR | ADR | 66987V109 | — | 52,037 shares | $6,673,224 |
| Emerson Electric Co. | Common Stock | 291011104 | — | 45,460 shares | $5,963,442 |
| Comcast Corp - A | Common Stock | 20030N101 | — | 176,738 shares | $5,553,107 |
| Fomento Econ.Mexicano SAB de CV ADR | ADR | 344419106 | — | 55,306 shares | $5,454,830 |