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JARISLOWSKY, FRASER Ltd

Q1 2025 · Filed 2025-05-12
Market Value
$15.4B
-7.0%
Holdings
185
-1
New Purchases
3
Added To
34
Closed
5
Reduced
117
Top 10 Concentration
40.1%
Turnover
4.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TD 4.72% 0.47% +4.25% $727M
TFII 1.09% 0.00% +1.09% $168M
STN 3.04% 2.36% +0.68% $467M
FNV 2.93% 2.28% +0.65% $451M
AVGO 0.48% 0.00% +0.48% $74M
ABT 1.87% 1.53% +0.34% $288M
TSM 0.54% 0.29% +0.25% $83M
CNI 5.83% 5.60% +0.23% $897M
OTEX 3.38% 3.16% +0.22% $521M
QSR 2.70% 2.48% +0.21% $415M
TRP 3.53% 3.32% +0.21% $543M
UNH 2.03% 1.84% +0.19% $312M
MDLZ 0.62% 0.46% +0.17% $96M
BRK-B 0.80% 0.64% +0.16% $123M
BSX 1.49% 1.35% +0.14% $229M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BNS 0.61% 3.80% -3.19% $94M
MFC 0.70% 2.99% -2.29% $107M
MGA 0.00% 1.89% -1.88% $736K
BN 5.39% 6.35% -0.96% $829M
GIL 2.00% 2.48% -0.48% $308M
GOOGL 1.21% 1.52% -0.31% $187M
GOOG 1.18% 1.43% -0.25% $181M
AMZN 2.43% 2.63% -0.20% $374M
CB 0.57% 0.76% -0.19% $88M
EL 0.00% 0.18% -0.18% $0
SHOP 2.47% 2.64% -0.16% $380M
IBKR 1.15% 1.31% -0.16% $177M
ORCL 1.24% 1.39% -0.15% $190M
DSGX 1.73% 1.85% -0.12% $267M
CIGI 1.58% 1.67% -0.10% $242M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 42 $3.5B 22.9%
Large Cap 126 $9.2B 59.9%
Mid Cap 17 $2.6B 17.1%

Portfolio Analytics

Avg Market Cap
$298.4B
Median Market Cap
$75.2B
Avg P/E
25.9
Median P/E
23.0
Avg Dividend Yield
0.02%
Avg Beta
0.81
# Stocks
174
# ETFs / Funds
11

Top Holdings (185 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CNI 5.83% 9,216,459 $897M $97.30 -$30M +57,384 +0.6%
2 BN 5.39% 15,845,435 $829M $52.33 -$222M -2,452,461 -13.4%
3 TD 4.72% 12,127,589 $727M $59.91 $648M +10,655,514 +723.8%
4 BMO 4.06% 6,549,559 $625M $95.48 -$26M -162,214 -2.4%
5 CAE 3.71% 23,187,828 $570M $24.58 -$37M -806,263 -3.4%
6 TRP 3.53% 11,500,319 $543M $47.22 -$6M -297,060 -2.5%
7 MSFT 3.52% 1,443,983 $542M $375.39 -$31M +72,329 +5.3%
8 OTEX 3.38% 20,626,538 $521M $25.24 -$2M +2,079,282 +11.2%
9 STN 3.04% 5,640,466 $467M $82.88 $77M +642,620 +12.9%
10 FNV 2.93% 2,864,793 $451M $157.26 $74M -355,193 -11.0%
11 GIB 2.77% 4,263,945 $426M $99.82 -$48M -77,230 -1.8%
12 QSR 2.70% 6,225,039 $415M $66.65 $4M -105,865 -1.7%
13 SHOP 2.47% 3,999,810 $380M $95.12 -$56M -116,205 -2.8%
14 AMZN 2.43% 1,966,455 $374M $190.26 -$62M -42,930 -2.1%
15 UNH 2.03% 595,533 $312M $523.75 $7M -12,049 -2.0%
16 MA 2.02% 568,326 $312M $548.12 -$7M -42,636 -7.0%
17 GIL 2.00% 6,963,062 $308M $44.20 -$103M -1,810,024 -20.6%
18 ABT 1.87% 2,169,717 $288M $132.65 $34M -92,674 -4.1%
19 FI 1.76% 1,228,210 $271M $220.83 -$8M -130,672 -9.6%
20 DSGX 1.73% 2,649,759 $267M $100.66 -$39M -56,273 -2.1%
21 CIGI 1.58% 2,002,583 $242M $121.00 -$35M -41,975 -2.0%
22 JPM 1.51% 946,315 $232M $245.30 -$897K -25,808 -2.6%
23 BSX 1.49% 2,271,539 $229M $100.88 $6M -247,733 -9.8%
24 RY 1.46% 1,997,039 $225M $112.63 -$18M -22,720 -1.1%
25 CPRT 1.39% 3,781,000 $214M $56.59 -$6M -84,070 -2.2%
26 PEP 1.27% 1,299,004 $195M $149.94 -$10M -54,626 -4.0%
27 ORCL 1.24% 1,359,011 $190M $139.81 -$40M -32,110 -2.3%
28 BDX 1.23% 825,613 $189M $229.06 -$5M -37,223 -4.3%
29 GOOGL 1.21% 1,207,355 $187M $154.64 -$65M -142,318 -10.5%
30 GOOG 1.18% 1,159,336 $181M $156.23 -$56M -84,174 -6.8%
31 IBKR 1.15% 1,068,672 $177M $165.59 -$40M -170,852 -13.8%
32 TFII 1.09% 2,172,019 $168M $77.42 +2,172,019 NEW
33 ACN 1.09% 537,486 $168M $312.04 -$23M -5,410 -1.0%
34 IQV 0.81% 708,480 $125M $176.30 -$15M -11,394 -1.6%
35 SHW 0.81% 355,922 $124M $349.19 $927K -9,400 -2.6%
36 BRK-B 0.80% 231,154 $123M $532.58 $18M -1,808 -0.8%
37 HDB 0.76% 1,768,877 $118M $66.44 $9M +70,865 +4.2%
38 DHR 0.75% 561,918 $115M $205.00 -$15M -8,405 -1.5%
39 TJX 0.71% 891,802 $109M $121.80 -$2M -40,386 -4.3%
40 ADSK 0.70% 413,038 $108M $261.80 -$14M -1,082 -0.3%
41 MFC 0.70% 3,444,720 $107M $31.16 -$387M -12,716,259 -78.7%
42 AME 0.70% 623,309 $107M $172.14 -$5M -6,457 -1.0%
43 META 0.66% 175,985 $101M $576.36 -$5M -6,238 -3.4%
44 MDLZ 0.62% 1,412,490 $96M $67.85 $20M +120,929 +9.4%
45 BNS 0.61% 1,973,640 $94M $47.41 -$535M -9,777,294 -83.2%
46 CB 0.57% 290,438 $88M $301.99 -$38M -166,094 -36.4%
47 GWRE 0.55% 451,560 $85M $187.36 -$4M -83,055 -15.5%
48 TSM 0.54% 502,410 $83M $166.00 $35M +258,452 +105.9%
49 JNJ 0.52% 478,573 $79M $165.84 $9M -10,000 -2.0%
50 OZK 0.51% 1,799,390 $78M $43.45 -$3M -55,495 -3.0%
51 ENB 0.50% 1,753,081 $78M $44.25 $2M -38,895 -2.2%
52 CDNS 0.49% 296,137 $75M $254.33 -$10M +11,667 +4.1%
53 AVGO 0.48% 439,542 $74M $167.43 $73M +437,542 +21877.1%
54 PG 0.47% 424,738 $72M $170.42 $416K -4,536 -1.1%
55 DEO 0.41% 608,843 $64M $104.79 -$15M -14,691 -2.4%
56 MNST 0.41% 1,082,329 $63M $58.52 $6M -31,978 -2.9%
57 SITE 0.40% 507,192 $62M $121.44 -$7M -9,827 -1.9%
58 RELX 0.38% 1,166,822 $59M $50.41 $4M -35,931 -3.0%
59 CME 0.35% 201,612 $53M $265.29 $1M -22,267 -9.9%
60 AFG 0.31% 368,823 $48M $131.34 -$3M -18,150 -4.7%
61 CYBR 0.31% 142,749 $48M $338.00 $1M +2,096 +1.5%
62 COST 0.29% 47,404 $45M $945.78 -$2M -3,382 -6.7%
63 PEG 0.28% 529,213 $44M $82.30 -$2M -12,294 -2.3%
64 CL 0.28% 452,965 $42M $93.70 $134K -12,425 -2.7%
65 ASML 0.26% 60,401 $40M $662.63 -$621K +1,758 +3.0%
66 UL 0.25% 657,459 $39M $59.55 $1M -6,635 -1.0%
67 CACC 0.23% 69,632 $36M $516.35 $3M -3,503 -4.8%
68 SAP 0.21% 121,414 $33M $268.44 $2M -4,206 -3.4%
69 VRSK 0.20% 102,471 $30M $297.62 -$927K -11,620 -10.2%
70 PGR 0.17% 91,212 $26M $283.01 $4M -4,644 -4.8%
71 SFBS 0.16% 302,146 $25M $82.60 -$838K -14,529 -4.6%
72 SPY 0.16% 44,233 $25M $559.39 -$26K +1,970 +4.7%
73 AX 0.16% 383,295 $25M $64.52 -$4M -21,644 -5.3%
74 ALC 0.15% 235,401 $22M $94.93 $2M -2,681 -1.1%
75 LCII 0.13% 229,547 $20M $87.43 -$4M -9,908 -4.1%
76 ADP 0.13% 64,409 $20M $305.53 $194K -2,155 -3.2%
77 ABBV 0.13% 92,293 $19M $209.52 $2M -6,935 -7.0%
78 PBA 0.12% 454,099 $18M $39.99 $1M -2,530 -0.6%
79 LLY 0.12% 21,922 $18M $825.91 $533K -840 -3.7%
80 XOM 0.11% 146,147 $17M $118.93 -$659K -21,564 -12.9%
81 ZTS 0.09% 84,535 $14M $164.65 -$47K -1,179 -1.4%
82 MELI 0.08% 6,109 $12M $1,950.87 $6M +2,860 +88.0%
83 AAPL 0.08% 52,800 $12M $222.13 -$1M +97 +0.2%
84 SE 0.08% 89,783 $12M $130.49 $4M +17,500 +24.2%
85 TCOM 0.07% 171,272 $11M $63.58 $2M +35,050 +25.7%
86 TFPM.TO 0.07% 547,632 $10M $19.13 $2M -22,551 -4.0%
87 NTR 0.06% 195,221 $10M $49.62 $493K -10,363 -5.0%
88 TU 0.06% 646,809 $9M $14.34 -$599K -81,859 -11.2%
89 BAP 0.06% 46,660 $9M $186.16 $2M +8,109 +21.0%
90 BKNG 0.05% 1,830 $8M $4,606.91 -$826K -33 -1.8%
91 CMCSA 0.05% 200,236 $7M $36.90 -$1M -23,965 -10.7%
92 HLN 0.05% 705,398 $7M $10.29 $608K +8,290 +1.2%
93 NU 0.04% 665,211 $7M $10.24 $1M +110,480 +19.9%
94 YUMC 0.04% 126,479 $7M $52.06 $433K -1,220 -1.0%
95 IGSB 0.04% 125,433 $7M $52.37 $4M +68,676 +121.0%
96 NVS 0.04% 54,147 $6M $111.48 $831K +655 +1.2%
97 CVX 0.04% 34,438 $6M $167.29 $776K +21 +0.1%
98 INFY 0.04% 312,001 $6M $18.25 -$165K +44,700 +16.7%
99 NVO 0.04% 80,373 $6M $69.44 -$1M +2,932 +3.8%
100 FMX 0.04% 56,533 $6M $97.58 $1M +9,530 +20.3%

New Positions

SymbolValue% Port
TFII $168M 1.09%
SHY $2M 0.01%
VUG $297K —%

Sold Out Positions

SymbolValue% Port
APD —%
PH —%
BIP —%
EL —%
DOOO —%
View SEC EDGAR Filings for JARISLOWSKY, FRASER Ltd →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms