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JARISLOWSKY, FRASER Ltd

Q3 2025 · Filed 2025-10-21
Market Value
$17.5B
+3.9%
Holdings
188
+2
New Purchases
4
Added To
43
Closed
1
Reduced
112
Top 10 Concentration
42.7%
Turnover
2.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PBA 2.03% 0.10% +1.93% $356M
OTEX 4.51% 3.63% +0.88% $791M
SHOP 4.12% 3.47% +0.65% $722M
INTU 0.52% 0.00% +0.52% $90M
FNV 3.13% 2.71% +0.41% $548M
GOOG 1.50% 1.20% +0.30% $263M
PEG 0.49% 0.25% +0.24% $86M
META 0.99% 0.76% +0.23% $173M
GOOGL 1.50% 1.27% +0.23% $262M
TSM 1.18% 0.99% +0.18% $207M
BMO 4.34% 4.19% +0.14% $760M
TD 5.35% 5.22% +0.13% $938M
BN 5.79% 5.67% +0.12% $1.0B
IQV 0.85% 0.74% +0.11% $149M
ORCL 1.96% 1.85% +0.11% $343M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CNI 4.77% 5.69% -0.92% $837M
STN 2.51% 3.19% -0.68% $440M
GIB 2.05% 2.62% -0.57% $359M
ADSK 0.11% 0.63% -0.52% $19M
CYBR 0.00% 0.37% -0.37% $300K
MSFT 3.77% 4.12% -0.34% $662M
FI 1.11% 1.41% -0.30% $194M
SITE 0.00% 0.30% -0.30% $204K
CAE 3.54% 3.77% -0.23% $620M
DSGX 1.33% 1.56% -0.23% $234M
ACN 0.75% 0.98% -0.23% $132M
BSX 1.22% 1.44% -0.22% $214M
HDB 0.65% 0.82% -0.18% $113M
DEO 0.18% 0.36% -0.18% $32M
RY 1.38% 1.55% -0.16% $243M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 45 $4.3B 24.3%
Large Cap 126 $10.2B 58.4%
Mid Cap 17 $3.0B 17.3%

Portfolio Analytics

Avg Market Cap
$301.2B
Median Market Cap
$76.1B
Avg P/E
26.4
Median P/E
22.2
Avg Dividend Yield
0.02%
Avg Beta
0.81
# Stocks
177
# ETFs / Funds
11

Top Holdings (188 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 BN 5.79% 14,806,245 $1.0B $68.63 $58M -700,283 -4.5%
2 TD 5.35% 11,728,785 $938M $79.98 $57M -267,746 -2.2%
3 CNI 4.77% 8,871,249 $837M $94.32 -$124M -370,454 -4.0%
4 OTEX 4.51% 21,150,154 $791M $37.39 $177M +117,436 +0.6%
5 BMO 4.34% 5,833,830 $760M $130.34 $53M -566,349 -8.8%
6 SHOP 4.12% 4,861,383 $722M $148.60 $137M -221,596 -4.4%
7 MSFT 3.77% 1,277,760 $662M $517.95 -$33M -119,794 -8.6%
8 CAE 3.54% 20,943,262 $620M $29.62 -$16M -805,474 -3.7%
9 TRP 3.33% 10,751,401 $585M $54.38 $37M -492,953 -4.4%
10 FNV 3.13% 2,462,713 $548M $222.63 $90M -334,297 -11.9%
11 STN 2.51% 4,082,124 $440M $107.87 -$99M -881,942 -17.8%
12 AMZN 2.48% 1,981,602 $435M $219.57 -$6M -29,879 -1.5%
13 GIL 2.26% 6,848,156 $396M $57.78 $31M -564,050 -7.6%
14 GIB 2.05% 4,033,813 $359M $89.09 -$83M -184,431 -4.4%
15 PBA 2.03% 8,814,455 $356M $40.44 $340M +8,372,612 +1894.9%
16 ORCL 1.96% 1,220,787 $343M $281.24 $31M -206,236 -14.4%
17 CIGI 1.89% 2,115,789 $331M $156.43 $252K -417,047 -16.5%
18 MA 1.78% 547,672 $312M $568.81 -$5M -15,077 -2.7%
19 ABT 1.65% 2,158,089 $289M $133.94 -$10M -37,740 -1.7%
20 TFII 1.61% 3,201,844 $282M $88.03 -$14M -102,189 -3.1%
21 JPM 1.58% 878,324 $277M $315.43 $9M -47,756 -5.2%
22 GOOG 1.50% 1,078,837 $263M $243.55 $60M -65,361 -5.7%
23 GOOGL 1.50% 1,079,717 $262M $243.10 $48M -135,765 -11.2%
24 IBKR 1.46% 3,724,608 $256M $68.81 $23M -492,093 -11.7%
25 RY 1.38% 1,645,780 $243M $147.42 -$18M -337,524 -17.0%
26 DSGX 1.33% 2,483,153 $234M $94.18 -$30M -121,694 -4.7%
27 UNH 1.31% 664,655 $230M $345.30 $21M -4,839 -0.7%
28 BSX 1.22% 2,192,794 $214M $97.63 -$30M -76,179 -3.4%
29 QSR 1.19% 3,263,219 $209M $64.17 -$16M -148,118 -4.3%
30 TSM 1.18% 739,611 $207M $279.29 $39M -1,098 -0.1%
31 FI 1.11% 1,508,425 $194M $128.93 -$44M +125,513 +9.1%
32 PEP 1.04% 1,302,013 $183M $140.44 $11M +1,885 +0.1%
33 BDX 1.00% 935,130 $175M $187.17 $13M -6,673 -0.7%
34 META 0.99% 235,586 $173M $734.38 $45M +62,640 +36.2%
35 IQV 0.85% 785,658 $149M $189.94 $24M -7,365 -0.9%
36 CPRT 0.80% 3,112,375 $140M $44.97 -$17M -82,339 -2.6%
37 AVGO 0.79% 420,881 $139M $329.91 $22M -3,533 -0.8%
38 ACN 0.75% 535,794 $132M $246.60 -$33M -17,233 -3.1%
39 TJX 0.73% 888,931 $128M $144.54 $18M -5,173 -0.6%
40 SHW 0.68% 346,536 $120M $346.26 -$2M -9,809 -2.8%
41 AME 0.66% 614,702 $116M $188.00 $3M -9,712 -1.6%
42 HDB 0.65% 3,317,169 $113M $34.16 -$26M +1,501,721 +82.7%
43 BRK-B 0.64% 221,593 $111M $502.74 $777K -6,141 -2.7%
44 DHR 0.63% 554,230 $110M $198.26 -$2M -11,836 -2.1%
45 CDNS 0.61% 303,436 $107M $351.26 $12M -2,671 -0.9%
46 MFC 0.58% 3,273,476 $102M $31.16 -$6M -107,491 -3.2%
47 GWRE 0.58% 439,972 $101M $229.86 -$4M -5,260 -1.2%
48 MDLZ 0.55% 1,552,357 $97M $62.47 $877K +127,412 +8.9%
49 INTU 0.52% 132,503 $90M $682.91 +132,503 NEW
50 PEG 0.49% 1,025,305 $86M $83.46 $44M +530,248 +107.1%
51 OZK 0.48% 1,658,271 $85M $50.98 -$273K -143,928 -8.0%
52 ENB 0.48% 1,671,318 $84M $50.46 $6M -49,575 -2.9%
53 JNJ 0.48% 450,506 $84M $185.42 $11M -22,340 -4.7%
54 BNS 0.46% 1,242,357 $80M $64.68 $5M -121,010 -8.9%
55 CB 0.45% 278,658 $79M $282.25 -$4M -8,218 -2.9%
56 MNST 0.41% 1,074,573 $72M $67.31 $4M -15,147 -1.4%
57 PG 0.35% 404,384 $62M $153.65 -$5M -17,538 -4.2%
58 ASML 0.35% 62,723 $61M $968.09 $11M +179 +0.3%
59 RELX 0.31% 1,129,509 $54M $47.76 -$9M -19,668 -1.7%
60 AFG 0.31% 369,784 $54M $145.72 $7M -3,582 -1.0%
61 CME 0.27% 175,151 $47M $270.19 -$2M -3,858 -2.2%
62 SAP 0.25% 165,093 $44M $267.21 $147K +20,512 +14.2%
63 COST 0.23% 43,841 $41M $925.63 -$6M -2,777 -6.0%
64 UL 0.23% 676,812 $40M $59.28 -$26K +20,490 +3.1%
65 CL 0.19% 418,440 $33M $79.94 -$7M -29,662 -6.6%
66 DEO 0.18% 339,798 $32M $95.43 -$28M -263,612 -43.7%
67 AX 0.18% 382,183 $32M $84.65 $3M -4,477 -1.2%
68 CACC 0.18% 69,214 $32M $466.93 -$4M -1,265 -1.8%
69 SPY 0.16% 41,279 $27M $666.18 -$4M -9,519 -18.7%
70 SFBS 0.14% 303,115 $24M $80.53 $678K -3,067 -1.0%
71 PGR 0.13% 91,262 $23M $246.95 -$2M -900 -1.0%
72 LCII 0.13% 236,956 $22M $93.15 $256K -2,287 -1.0%
73 VRSK 0.12% 86,669 $22M $251.51 -$9M -11,369 -11.6%
74 ABBV 0.12% 88,873 $21M $231.54 $4M +90 +0.1%
75 ADSK 0.11% 59,225 $19M $317.67 -$87M -282,806 -82.7%
76 ALC 0.10% 230,438 $17M $74.51 -$4M -4,104 -1.8%
77 XOM 0.09% 142,564 $16M $112.75 $526K -1,663 -1.1%
78 LLY 0.09% 20,327 $16M $763.00 -$508K -220 -1.1%
79 SE 0.09% 86,522 $15M $178.73 $1M -2,958 -3.3%
80 ADP 0.09% 52,462 $15M $293.50 -$4M -9,210 -14.9%
81 MELI 0.08% 6,175 $14M $2,336.94 -$2M +28 +0.5%
82 TFPM.TO 0.07% 443,713 $13M $29.28 $539K -82,510 -15.7%
83 TCOM 0.07% 166,860 $13M $75.20 $3M -4,263 -2.5%
84 AAPL 0.06% 44,738 $11M $254.63 $643K -7,650 -14.6%
85 ZTS 0.06% 76,698 $11M $146.32 -$2M -6,724 -8.1%
86 NTR 0.06% 181,665 $11M $58.74 -$5K -1,906 -1.0%
87 NU 0.06% 651,820 $10M $16.01 $2M +2,580 +0.4%
88 BAP 0.06% 38,882 $10M $266.28 -$71K -7,758 -16.6%
89 IGSB 0.06% 192,744 $10M $53.03 $3M +63,809 +49.5%
90 TU 0.06% 645,207 $10M $15.75 -$330K -9,566 -1.5%
91 BKNG 0.05% 1,634 $9M $5,399.27 -$1M -76 -4.4%
92 NVDA 0.05% 45,038 $8M $186.58 $7M +37,758 +518.6%
93 HLN 0.04% 821,006 $7M $8.97 -$207K +90,904 +12.4%
94 NVS 0.04% 52,037 $7M $128.24 $206K -1,410 -2.6%
95 EMR 0.03% 45,460 $6M $131.18 -$98K
96 CMCSA 0.03% 176,738 $6M $31.42 -$1M -18,998 -9.7%
97 FMX 0.03% 55,306 $5M $98.63 -$359K -1,150 -2.0%
98 YUMC 0.03% 126,474 $5M $42.92 -$219K +160 +0.1%
99 CVX 0.03% 32,600 $5M $155.29 $395K +5 +0.0%
100 SU 0.03% 118,134 $5M $41.86 $822K +7,852 +7.1%

New Positions

SymbolValue% Port
INTU $90M 0.52%
QQQ $621K —%
MUFG $557K —%
BIDU $232K —%

Sold Out Positions

SymbolValue% Port
AMD —%
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