13F HOLDINGS REPORT
Jarislowsky, Fraser Ltd
Quarter ended Q4 2024 · Filed February 14, 2025 · Accession 0001123778-25-000001
Total Value
$17.10B
Positions
189
Other Managers
1
Confidential Omitted
No
Holdings (189)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Brookfield Corp | 11271J107 | 18,297,896 | $1.05B | 6.15% |
| 2 | Canadian National Railway Company | 136375102 | 9,159,075 | $926.6M | 5.42% |
| 3 | Bank of Montreal | 063671101 | 6,711,773 | $651.3M | 3.81% |
| 4 | Bank of Nova Scotia | 064149107 | 11,750,934 | $628.3M | 3.67% |
| 5 | CAE Inc. | CAE | 23,994,091 | $606.7M | 3.55% |
| 6 | Microsoft Corporation | MSFT | 1,371,654 | $572.7M | 3.35% |
| 7 | TC Energy Corp. | TRPRF | 11,797,379 | $549.5M | 3.21% |
| 8 | Thomson Reuters Corp | TMSOF | 3,353,428 | $536.7M | 3.14% |
| 9 | Open Text Corporation | OTEX | 18,547,256 | $522.9M | 3.06% |
| 10 | Manulife Financial Corporation | 56501R106 | 16,160,979 | $494.7M | 2.89% |
| 11 | CGI Inc. | GIB | 4,341,175 | $473.2M | 2.77% |
| 12 | Shopify Inc. Class - A | SHOP | 4,116,015 | $436.2M | 2.55% |
| 13 | Amazon.Com Inc | AMZN | 2,009,385 | $436.0M | 2.55% |
| 14 | Gildan Activewear Inc. | GIL | 8,773,086 | $411.2M | 2.41% |
| 15 | Restaurant Brands International Inc. | 76131D103 | 6,330,904 | $410.9M | 2.40% |
| 16 | Stantec Inc | STN | 4,997,846 | $390.6M | 2.28% |
| 17 | Franco Nevada Corporation | FNV | 3,219,986 | $376.8M | 2.20% |
| 18 | Mastercard Inc - A | MA | 610,962 | $318.8M | 1.86% |
| 19 | Magna International Inc - A | 559222401 | 7,496,860 | $312.1M | 1.83% |
| 20 | Descartes Systems Group Inc | 249906108 | 2,706,032 | $306.2M | 1.79% |
| 21 | UnitedHealth Group Incorporated | UNH | 607,582 | $304.7M | 1.78% |
| 22 | Fiserv Inc. | FISV | 1,358,882 | $279.1M | 1.63% |
| 23 | Colliers International Group Inc | 194693107 | 2,044,558 | $277.1M | 1.62% |
| 24 | Abbott Laboratories | ABLZF | 2,262,391 | $254.0M | 1.49% |
| 25 | Alphabet Inc - A | GOOG | 1,349,673 | $251.7M | 1.47% |
| 26 | Royal Bank of Canada | 780087102 | 2,019,759 | $243.4M | 1.42% |
| 27 | Alphabet Inc - C | GOOG | 1,243,510 | $236.8M | 1.39% |
| 28 | JPMorgan Chase & Co. | VYLD | 972,123 | $233.0M | 1.36% |
| 29 | Oracle Corporation | ORCL-PD | 1,391,121 | $229.8M | 1.34% |
| 30 | Boston Scientific Corporation | BSX | 2,519,272 | $222.8M | 1.30% |
| 31 | Copart Inc | CPRT | 3,865,070 | $219.7M | 1.29% |
| 32 | Interactive Brokers Group Inc | 45841N107 | 1,239,524 | $216.8M | 1.27% |
| 33 | PepsiCo Inc. | PEP | 1,353,630 | $204.5M | 1.20% |
| 34 | Becton Dickinson and Company | BDX | 862,836 | $193.9M | 1.13% |
| 35 | Accenture Plc | ACN | 542,896 | $191.0M | 1.12% |
| 36 | IQVIA Holdings Inc | IQV | 719,874 | $140.3M | 0.82% |
| 37 | Danaher Corporation | 235851102 | 570,323 | $129.9M | 0.76% |
| 38 | Chubb Limited | CB | 456,532 | $126.1M | 0.74% |
| 39 | The Sherwin-Williams Company | SHW | 365,322 | $123.4M | 0.72% |
| 40 | Autodesk Inc | ADSK | 414,120 | $122.4M | 0.72% |
| 41 | AMETEK Inc | AME | 629,766 | $112.5M | 0.66% |
| 42 | TJX Companies Inc. | 872540109 | 932,188 | $111.1M | 0.65% |
| 43 | HDFC Bank Ltd ADR | HDB | 1,698,012 | $108.4M | 0.63% |
| 44 | Meta Platforms Inc | META | 182,223 | $106.7M | 0.62% |
| 45 | Berkshire Hathaway Inc - B | BRK-A | 232,962 | $105.6M | 0.62% |
| 46 | Guidewire Software Inc | GWRE | 534,615 | $88.4M | 0.52% |
| 47 | Cadence Design Systems Inc | CDNS | 284,470 | $85.5M | 0.50% |
| 48 | Bank OZK | OZKAP | 1,854,885 | $81.3M | 0.48% |
| 49 | Diageo Plc ADR | DGEAF | 623,534 | $79.3M | 0.46% |
| 50 | Toronto-Dominion Bank | TORO | 1,472,075 | $78.3M | 0.46% |
| 51 | Enbridge Inc | ENNPF | 1,791,976 | $76.0M | 0.44% |
| 52 | Mondelez International Inc. | 609207105 | 1,291,561 | $75.8M | 0.44% |
| 53 | Procter & Gamble Company | 742718109 | 429,274 | $72.0M | 0.42% |
| 54 | Johnson & Johnson | JNJ | 488,573 | $70.7M | 0.41% |
| 55 | SiteOne Landscape Supply Inc | SITE | 517,019 | $68.1M | 0.40% |
| 56 | Monster Beverage Corp | MNST | 1,114,307 | $57.3M | 0.34% |
| 57 | Relx Plc ADR | RLXXF | 1,202,753 | $54.6M | 0.32% |
| 58 | CME Group Inc. | CME | 223,879 | $52.0M | 0.30% |
| 59 | American Financial Group Inc/OH | 025932104 | 386,973 | $51.1M | 0.30% |
| 60 | Taiwan Semiconductor Manufactng ADR | 874039100 | 243,958 | $48.2M | 0.28% |
| 61 | CyberArk Software Ltd ADR | M2682V108 | 140,653 | $46.9M | 0.27% |
| 62 | Costco Wholesale Corporation | 22160K105 | 50,786 | $46.5M | 0.27% |
| 63 | Public Service Enterprises Group | 744573106 | 541,507 | $45.8M | 0.27% |
| 64 | Colgate-Palmolive Company | CL | 465,390 | $42.3M | 0.25% |
| 65 | ASML Holding NV-NY Reg Shs | ASMLF | 58,643 | $40.6M | 0.24% |
| 66 | Unilever Plc ADR | UNLYF | 664,094 | $37.7M | 0.22% |
| 67 | Credit Acceptance Corp. | 225310101 | 73,135 | $33.1M | 0.19% |
| 68 | Verisk Analytics Inc - A | VRSK | 114,091 | $31.4M | 0.18% |
| 69 | SAP AG ADR | SAPGF | 125,620 | $30.9M | 0.18% |
| 70 | Estee Lauder Companies Inc - A | 518439104 | 395,444 | $29.7M | 0.17% |
| 71 | Axos Financial Inc | AX | 404,939 | $28.3M | 0.17% |
| 72 | ServisFirst Bancshares Inc | SFBS | 316,675 | $25.8M | 0.15% |
| 73 | SPDR S&P 500 ETF Trust | SPY | 42,263 | $24.8M | 0.14% |
| 74 | LCI Industries | 50189K103 | 239,455 | $23.8M | 0.14% |
| 75 | Progressive Corp/The | 743315103 | 95,856 | $22.2M | 0.13% |
| 76 | Alcon Inc. | ALC | 238,082 | $20.2M | 0.12% |
| 77 | Automatic Data Processing Inc. | ADP | 66,564 | $19.5M | 0.11% |
| 78 | Exxon Mobil Corporation | XOM | 167,711 | $18.0M | 0.11% |
| 79 | Abbvie Inc | ABBV | 99,228 | $17.6M | 0.10% |
| 80 | Eli Lilly & Company | LLY | 22,762 | $17.6M | 0.10% |
| 81 | Pembina Pipeline Corporation | PPLOF | 456,629 | $16.9M | 0.10% |
| 82 | Zoetis Inc. | ZTS | 85,714 | $14.0M | 0.08% |
| 83 | Apple Inc. | AAPL | 52,703 | $13.2M | 0.08% |
| 84 | Sun Life Financial Inc. | SUNFF | 187,148 | $11.1M | 0.06% |
| 85 | TELUS Corp | TU | 728,668 | $9.9M | 0.06% |
| 86 | Trip.com Group Ltd - ADR | TRPCF | 136,222 | $9.4M | 0.05% |
| 87 | Booking Holdings Inc | BKNG | 1,863 | $9.3M | 0.05% |
| 88 | Nutrien Ltd | NTR | 205,584 | $9.2M | 0.05% |
| 89 | Triple Flag Precious Metals Corp | TFPM | 570,183 | $8.6M | 0.05% |
| 90 | Comcast Corp - A | CCZ | 224,201 | $8.4M | 0.05% |
| 91 | Sea Ltd | SE | 72,283 | $7.7M | 0.04% |
| 92 | Credicorp Ltd ADR | BAP | 38,551 | $7.1M | 0.04% |
| 93 | Novo Nordisk A/S Sponsored ADR | NONOF | 77,441 | $6.7M | 0.04% |
| 94 | Haleon PLC | HLNCF | 697,108 | $6.7M | 0.04% |
| 95 | Yum China Holdings Inc | YUMC | 127,699 | $6.2M | 0.04% |
| 96 | Infosys Ltd ADR | INFY | 267,301 | $5.9M | 0.03% |
| 97 | XP Inc | XP | 486,118 | $5.8M | 0.03% |
| 98 | NU Holdings Ltd/Cayman Islands | NU | 554,731 | $5.7M | 0.03% |
| 99 | Emerson Electric Co. | EMR | 45,660 | $5.7M | 0.03% |
| 100 | MercadoLibre Inc | MELI | 3,249 | $5.5M | 0.03% |
| 101 | Suncor Energy Inc. | SU | 151,596 | $5.4M | 0.03% |
| 102 | Novartis AG ADR | NVSEF | 53,492 | $5.2M | 0.03% |
| 103 | Chevron Corporation | CVX | 34,417 | $5.0M | 0.03% |
| 104 | BCE Inc. | BCPPF | 208,669 | $4.8M | 0.03% |
| 105 | Canadian Pacific Kansas City Ltd | CP | 62,733 | $4.5M | 0.03% |
| 106 | Pfizer Inc. | PFE | 158,433 | $4.2M | 0.02% |
| 107 | ATS Corp | ATS | 134,535 | $4.1M | 0.02% |
| 108 | McDonald's Corporation | MCD | 14,003 | $4.1M | 0.02% |
| 109 | Fomento Econ.Mexicano SAB de CV ADR | 344419106 | 47,003 | $4.0M | 0.02% |
| 110 | Coca-Cola Company | KO | 60,038 | $3.7M | 0.02% |
| 111 | Merck & Co. Inc. | MRK | 35,265 | $3.5M | 0.02% |
| 112 | NIKE Inc | NKE | 45,283 | $3.4M | 0.02% |
| 113 | Canadian Imperial Bank of Commerce | CNDIF | 52,749 | $3.3M | 0.02% |
| 114 | iShares 1-5 Year Investment Grade Corporate Bond ETF | 464288646 | 56,757 | $2.9M | 0.02% |
| 115 | Kimberly-Clark Corporation | KMB | 22,367 | $2.9M | 0.02% |
| 116 | Duke Energy Corporation | DUKB | 24,883 | $2.7M | 0.02% |
| 117 | TotalEnergies SE - ADR | TTE | 46,486 | $2.5M | 0.01% |
| 118 | Xcel Energy Inc. | XELLL | 35,000 | $2.4M | 0.01% |
| 119 | Visa Inc - A | V | 6,994 | $2.2M | 0.01% |
| 120 | Allstate Corporation | ALL-PJ | 11,386 | $2.2M | 0.01% |
| 121 | iShares 5-10 Year Inv. Grade Corp. Bond ETF | 464288638 | 42,579 | $2.2M | 0.01% |
| 122 | National Grid Plc ADR | NMPWP | 36,776 | $2.2M | 0.01% |
| 123 | Brp Inc. / ca Sub Voting | DOO | 41,521 | $2.1M | 0.01% |
| 124 | EOG Resources Inc. | EOG | 16,108 | $2.0M | 0.01% |
| 125 | CVS Health Corporation | CVS | 41,395 | $1.9M | 0.01% |
| 126 | Imperial Oil Limited | IMO | 27,911 | $1.7M | 0.01% |
| 127 | International Flavors & Fragrances | 459506101 | 19,000 | $1.6M | 0.01% |
| 128 | Canadian Natural Resources | 136385101 | 51,517 | $1.6M | 0.01% |
| 129 | MetLife Inc. | MET-PF | 17,398 | $1.4M | 0.01% |
| 130 | Aflac Incorporated | AFL | 13,200 | $1.4M | 0.01% |
| 131 | Berkshire Hathaway Inc - A | BRK-A | 2 | $1.4M | 0.01% |
| 132 | Zimmer Biomet Holdings Inc | ZBH | 12,650 | $1.3M | 0.01% |
| 133 | Wal-Mart Stores Inc. | WMT | 14,343 | $1.3M | 0.01% |
| 134 | ING Groep N.V. ADR | INGVF | 81,592 | $1.3M | 0.01% |
| 135 | Home Depot Inc. | HD | 3,199 | $1.2M | 0.01% |
| 136 | iShares MSCI EAFE Index Fund | 464287465 | 15,980 | $1.2M | 0.01% |
| 137 | Shell PLC - ADR | RYDAF | 17,552 | $1.1M | 0.01% |
| 138 | SPDR Gold Trust | GLD | 4,487 | $1.1M | 0.01% |
| 139 | Wells Fargo & Company | 949746101 | 15,390 | $1.1M | 0.01% |
| 140 | Astrazeneca PLC | AZN | 16,047 | $1.1M | 0.01% |
| 141 | NVIDIA Corporation | NVDA | 7,476 | $1.0M | 0.01% |
| 142 | Brown-Forman Corp - A | BF-B | 26,438 | $996,448 | 0.01% |
| 143 | Fortis Inc. | FTRSF | 22,417 | $931,002 | 0.01% |
| 144 | Intercontinental Hotels-ADR | 45857P806 | 7,273 | $908,543 | 0.01% |
| 145 | JD.com Inc ADR | JDCMF | 24,792 | $859,538 | 0.01% |
| 146 | Brown-Forman Corp - B | BF-B | 21,569 | $819,190 | 0.00% |
| 147 | Lowe's Companies Inc. | 548661107 | 3,080 | $760,144 | 0.00% |
| 148 | Philip Morris International Inc. | 718172109 | 5,850 | $704,047 | 0.00% |
| 149 | M&T Bank Corporation | 55261F104 | 3,655 | $687,176 | 0.00% |
| 150 | US Bancorp | USB-PS | 13,252 | $633,843 | 0.00% |
| 151 | Medtronic Inc. Plc | MDT | 7,923 | $632,889 | 0.00% |
| 152 | 3M Company | MMM | 4,899 | $632,411 | 0.00% |
| 153 | iShares Core 1-5 Year USD Bond ETF | 46432F859 | 12,430 | $593,781 | 0.00% |
| 154 | iShares US Technology ETF | 464287721 | 3,700 | $590,224 | 0.00% |
| 155 | Cintas Corporation | CTAS | 3,200 | $584,640 | 0.00% |
| 156 | Rogers Communications Inc - B | RCIAF | 18,684 | $574,082 | 0.00% |
| 157 | Cooper Cos Inc/the | 216648501 | 5,800 | $533,194 | 0.00% |
| 158 | Smith & Nephew Plc ADR | SNNUF | 21,300 | $523,554 | 0.00% |
| 159 | Barrick Gold Corporation | 067901108 | 32,640 | $505,872 | 0.00% |
| 160 | Altria Group Inc. | MO | 9,300 | $486,297 | 0.00% |
| 161 | Waste Connections Inc. | WCN | 2,768 | $474,613 | 0.00% |
| 162 | Broadcom Inc | AVGO | 2,000 | $463,680 | 0.00% |
| 163 | Texas Instruments Incorporated | 882508104 | 2,390 | $448,148 | 0.00% |
| 164 | Hilton Worldwide Holdings Inc. | HLT | 1,745 | $431,294 | 0.00% |
| 165 | Adobe Inc. | ADBE | 870 | $386,871 | 0.00% |
| 166 | Brookfield Infrastructure Partners LP | G16252101 | 12,097 | $384,224 | 0.00% |
| 167 | Agnico Eagle Mines Limited | AEM | 4,776 | $373,459 | 0.00% |
| 168 | Marsh & McLennan Companies Inc. | 571748102 | 1,700 | $361,097 | 0.00% |
| 169 | Dominion Energy | D | 6,651 | $358,222 | 0.00% |
| 170 | iShares MSCI Emerging Market | 464287234 | 8,341 | $348,820 | 0.00% |
| 171 | CDW Corp/DE | CDW | 1,949 | $339,203 | 0.00% |
| 172 | Ross Stores Inc. | ROST | 2,174 | $328,860 | 0.00% |
| 173 | iShares S&P 500 ETF | 464287200 | 558 | $328,483 | 0.00% |
| 174 | West Fraser Timber Co. Ltd. | WFG | 3,590 | $310,898 | 0.00% |
| 175 | Honeywell International Inc. | 438516106 | 1,370 | $309,469 | 0.00% |
| 176 | Cenovus Energy Inc. | CVE | 20,148 | $305,259 | 0.00% |
| 177 | Air Products & Chemicals Inc. | AIIR | 1,000 | $290,040 | 0.00% |
| 178 | Teck Resources Limited - B | TCKRF | 7,062 | $286,172 | 0.00% |
| 179 | Illinois Tool Works Inc. | 452308109 | 1,062 | $269,280 | 0.00% |
| 180 | Cardinal Health Inc. | CAH | 2,250 | $266,107 | 0.00% |
| 181 | South Bow Corp | SOBO | 11,044 | $260,469 | 0.00% |
| 182 | Caterpillar Inc. | CAT | 705 | $255,745 | 0.00% |
| 183 | Travelers Companies Inc. | TRV | 1,040 | $250,525 | 0.00% |
| 184 | Valero Energy Corporation | VLO | 1,992 | $244,199 | 0.00% |
| 185 | Parker Hannifin Corporation | PH | 366 | $232,786 | 0.00% |
| 186 | Trane Technologies plc | TT | 600 | $221,610 | 0.00% |
| 187 | Union Pacific Corporation | UNP | 944 | $215,269 | 0.00% |
| 188 | Brookfield Asset Management Ltd | 113004105 | 3,879 | $210,267 | 0.00% |
| 189 | Ambev SA ADR | ABEV | 47,303 | $87,510 | 0.00% |