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JARISLOWSKY, FRASER Ltd

Q2 2025 · Filed 2025-07-15
Market Value
$16.9B
+9.7%
Holdings
186
+1
New Purchases
6
Added To
54
Closed
2
Reduced
93
Top 10 Concentration
42.2%
Turnover
4.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SHOP 3.47% 2.47% +0.99% $585M
TFII 1.75% 1.09% +0.66% $296M
ORCL 1.85% 1.24% +0.61% $312M
MSFT 4.12% 3.52% +0.59% $695M
TD 5.22% 4.72% +0.49% $881M
TSM 0.99% 0.54% +0.45% $168M
CIGI 1.96% 1.58% +0.38% $331M
BN 5.67% 5.39% +0.28% $958M
OTEX 3.63% 3.38% +0.25% $613M
IBKR 1.38% 1.15% +0.23% $234M
AVGO 0.69% 0.48% +0.21% $117M
AMZN 2.61% 2.43% +0.18% $441M
GIL 2.16% 2.00% +0.16% $364M
STN 3.19% 3.04% +0.15% $539M
BMO 4.19% 4.06% +0.13% $708M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
QSR 1.34% 2.70% -1.36% $226M
UNH 1.24% 2.03% -0.79% $209M
CPRT 0.93% 1.39% -0.46% $157M
FI 1.41% 1.76% -0.35% $238M
TRP 3.25% 3.53% -0.28% $548M
BDX 0.96% 1.23% -0.27% $162M
PEP 1.02% 1.27% -0.25% $172M
FNV 2.71% 2.93% -0.21% $458M
DSGX 1.56% 1.73% -0.17% $264M
BNS 0.45% 0.61% -0.16% $75M
MA 1.87% 2.02% -0.15% $316M
GIB 2.62% 2.77% -0.15% $442M
BRK-B 0.66% 0.80% -0.14% $111M
CNI 5.69% 5.83% -0.14% $961M
ACN 0.98% 1.09% -0.11% $165M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 44 $4.0B 23.8%
Large Cap 125 $9.8B 58.3%
Mid Cap 17 $3.0B 17.9%

Portfolio Analytics

Avg Market Cap
$302.3B
Median Market Cap
$75.8B
Avg P/E
26.5
Median P/E
22.9
Avg Dividend Yield
0.02%
Avg Beta
0.82
# Stocks
175
# ETFs / Funds
11

Top Holdings (186 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CNI 5.69% 9,241,703 $961M $103.99 $64M +25,244 +0.3%
2 BN 5.67% 15,506,528 $958M $61.77 $129M -338,907 -2.1%
3 TD 5.22% 11,996,531 $881M $73.40 $154M -131,058 -1.1%
4 BMO 4.19% 6,400,179 $708M $110.60 $82M -149,380 -2.3%
5 MSFT 4.12% 1,397,554 $695M $497.41 $153M -46,429 -3.2%
6 CAE 3.77% 21,748,736 $636M $29.25 $66M -1,439,092 -6.2%
7 OTEX 3.63% 21,032,718 $613M $29.16 $93M +406,180 +2.0%
8 SHOP 3.47% 5,082,979 $585M $115.11 $205M +1,083,169 +27.1%
9 TRP 3.25% 11,244,354 $548M $48.72 $5M -255,965 -2.2%
10 STN 3.19% 4,964,066 $539M $108.59 $72M -676,400 -12.0%
11 FNV 2.71% 2,797,010 $458M $163.85 $8M -67,783 -2.4%
12 GIB 2.62% 4,218,244 $442M $104.81 $16M -45,701 -1.1%
13 AMZN 2.61% 2,011,481 $441M $219.39 $67M +45,026 +2.3%
14 GIL 2.16% 7,412,206 $364M $49.18 $57M +449,144 +6.5%
15 CIGI 1.96% 2,532,836 $331M $130.58 $88M +530,253 +26.5%
16 MA 1.87% 562,749 $316M $561.94 $5M -5,577 -1.0%
17 ORCL 1.85% 1,427,023 $312M $218.63 $122M +68,012 +5.0%
18 ABT 1.77% 2,195,829 $299M $136.01 $11M +26,112 +1.2%
19 TFII 1.75% 3,304,033 $296M $89.59 $128M +1,132,014 +52.1%
20 JPM 1.59% 926,080 $268M $289.91 $36M -20,235 -2.1%
21 DSGX 1.56% 2,604,847 $264M $101.38 -$3M -44,912 -1.7%
22 RY 1.55% 1,983,304 $261M $131.53 $36M -13,735 -0.7%
23 BSX 1.44% 2,268,973 $244M $107.41 $15M -2,566 -0.1%
24 FI 1.41% 1,382,912 $238M $172.41 -$33M +154,702 +12.6%
25 IBKR 1.38% 4,216,701 $234M $55.41 $57M +3,148,029 +294.6%
26 QSR 1.34% 3,411,337 $226M $66.20 -$189M -2,813,702 -45.2%
27 GOOGL 1.27% 1,215,482 $214M $176.23 $27M +8,127 +0.7%
28 UNH 1.24% 669,494 $209M $311.97 -$103M +73,961 +12.4%
29 GOOG 1.20% 1,144,198 $203M $177.39 $22M -15,138 -1.3%
30 PEP 1.02% 1,300,128 $172M $132.04 -$23M +1,124 +0.1%
31 TSM 0.99% 740,709 $168M $226.49 $84M +238,299 +47.4%
32 ACN 0.98% 553,027 $165M $298.89 -$2M +15,541 +2.9%
33 BDX 0.96% 941,803 $162M $172.25 -$27M +116,190 +14.1%
34 CPRT 0.93% 3,194,714 $157M $49.07 -$57M -586,286 -15.5%
35 HDB 0.82% 1,815,448 $139M $76.67 $22M +46,571 +2.6%
36 META 0.76% 172,946 $128M $738.09 $26M -3,039 -1.7%
37 IQV 0.74% 793,023 $125M $157.59 $67K +84,543 +11.9%
38 SHW 0.72% 356,345 $122M $343.36 -$2M +423 +0.1%
39 AVGO 0.69% 424,414 $117M $275.65 $43M -15,128 -3.4%
40 AME 0.67% 624,414 $113M $180.96 $6M +1,105 +0.2%
41 DHR 0.66% 566,066 $112M $197.54 -$3M +4,148 +0.7%
42 BRK-B 0.66% 227,734 $111M $485.77 -$12M -3,420 -1.5%
43 TJX 0.65% 894,104 $110M $123.49 $2M +2,302 +0.3%
44 MFC 0.64% 3,380,967 $108M $31.91 $564K -63,753 -1.9%
45 ADSK 0.63% 342,031 $106M $309.57 -$2M -71,007 -17.2%
46 GWRE 0.62% 445,232 $105M $235.45 $20M -6,328 -1.4%
47 MDLZ 0.57% 1,424,945 $96M $67.44 $261K +12,455 +0.9%
48 CDNS 0.56% 306,107 $94M $308.15 $19M +9,970 +3.4%
49 OZK 0.50% 1,802,199 $85M $47.06 $7M +2,809 +0.2%
50 CB 0.49% 286,876 $83M $289.72 -$5M -3,562 -1.2%
51 ENB 0.46% 1,720,893 $78M $45.26 $301K -32,188 -1.8%
52 BNS 0.45% 1,363,367 $75M $55.19 -$18M -610,273 -30.9%
53 JNJ 0.43% 472,846 $72M $152.75 -$7M -5,727 -1.2%
54 MNST 0.40% 1,089,720 $68M $62.64 $5M +7,391 +0.7%
55 PG 0.40% 421,922 $67M $159.32 -$5M -2,816 -0.7%
56 RELX 0.37% 1,149,177 $62M $54.34 $4M -17,645 -1.5%
57 CYBR 0.37% 153,324 $62M $406.88 $14M +10,575 +7.4%
58 DEO 0.36% 603,410 $61M $100.84 -$3M -5,433 -0.9%
59 SITE 0.30% 421,067 $51M $120.94 -$11M -86,125 -17.0%
60 ASML 0.30% 62,544 $50M $801.39 $10M +2,143 +3.5%
61 CME 0.29% 179,009 $49M $275.62 -$4M -22,603 -11.2%
62 AFG 0.28% 373,366 $47M $126.21 -$1M +4,543 +1.2%
63 COST 0.27% 46,618 $46M $989.94 $1M -786 -1.7%
64 SAP 0.26% 144,581 $44M $304.10 $11M +23,167 +19.1%
65 PEG 0.25% 495,057 $42M $84.18 -$2M -34,156 -6.5%
66 CL 0.24% 448,102 $41M $90.90 -$2M -4,863 -1.1%
67 UL 0.24% 656,322 $40M $61.17 $996K -1,137 -0.2%
68 CACC 0.21% 70,479 $36M $509.43 -$50K +847 +1.2%
69 SPY 0.19% 50,798 $31M $617.85 $7M +6,565 +14.8%
70 VRSK 0.18% 98,038 $31M $311.50 $41K -4,433 -4.3%
71 AX 0.17% 386,660 $29M $76.04 $5M +3,365 +0.9%
72 PGR 0.15% 92,162 $25M $266.86 -$1M +950 +1.0%
73 SFBS 0.14% 306,182 $24M $77.51 -$1M +4,036 +1.3%
74 LCII 0.13% 239,243 $22M $91.19 $2M +9,696 +4.2%
75 ALC 0.12% 234,542 $21M $88.28 -$2M -859 -0.4%
76 ADP 0.11% 61,672 $19M $308.40 -$659K -2,737 -4.2%
77 PBA 0.10% 441,843 $17M $37.47 -$2M -12,256 -2.7%
78 ABBV 0.10% 88,783 $16M $185.62 -$3M -3,510 -3.8%
79 MELI 0.10% 6,147 $16M $2,613.63 $4M +38 +0.6%
80 LLY 0.09% 20,547 $16M $779.53 -$2M -1,375 -6.3%
81 XOM 0.09% 144,227 $16M $107.80 -$2M -1,920 -1.3%
82 SE 0.08% 89,480 $14M $159.94 $3M -303 -0.3%
83 ZTS 0.08% 83,422 $13M $155.95 -$909K -1,113 -1.3%
84 TFPM.TO 0.07% 526,223 $12M $23.66 $2M -21,409 -3.9%
85 AAPL 0.06% 52,388 $11M $205.17 -$980K -412 -0.8%
86 NTR 0.06% 183,571 $11M $58.15 $988K -11,650 -6.0%
87 TU 0.06% 654,773 $10M $16.03 $1M +7,964 +1.2%
88 BAP 0.06% 46,640 $10M $223.52 $2M -20 -0.0%
89 TCOM 0.06% 171,123 $10M $58.64 -$855K -149 -0.1%
90 BKNG 0.06% 1,710 $10M $5,789.24 $1M -120 -6.6%
91 NU 0.05% 649,240 $9M $13.72 $2M -15,971 -2.4%
92 HLN 0.04% 730,102 $8M $10.37 $313K +24,704 +3.5%
93 CMCSA 0.04% 195,736 $7M $35.69 -$403K -4,500 -2.2%
94 IGSB 0.04% 128,935 $7M $52.76 $234K +3,502 +2.8%
95 XP 0.04% 325,157 $7M $20.20 $2M +2,805 +0.9%
96 NVS 0.04% 53,447 $6M $121.01 $431K -700 -1.3%
97 EMR 0.04% 45,460 $6M $133.33 $1M
98 FMX 0.03% 56,456 $6M $102.98 $297K -77 -0.1%
99 INFY 0.03% 310,969 $6M $18.53 $68K -1,032 -0.3%
100 YUMC 0.03% 126,314 $6M $44.71 -$937K -165 -0.1%

New Positions

SymbolValue% Port
DOOO $3M 0.02%
LIN $2M 0.01%
B $685K —%
SONY $476K —%
AMD $220K —%
FAST $206K —%

Sold Out Positions

SymbolValue% Port
VUG —%
0I3I.L —%
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