Latest Jarislowsky, Fraser Ltd Stock Portfolio

Jarislowsky, Fraser Ltd Performance:

2025 Q2: -0.3%YTD: -1.43%2024: 4.34%

Performance for 2025 Q2 is -0.3%, and YTD is -1.43%, and 2024 is 4.34%.

About Jarislowsky, Fraser Ltd and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, JARISLOWSKY, FRASER Ltd reported an equity portfolio of $17.5 Billions as of 30 Jun, 2025.

The top stock holdings of JARISLOWSKY, FRASER Ltd are , , . The fund has invested 5.5% of it's portfolio in CANADIAN NATIONAL RAILWAY COMPANY and 5.5% of portfolio in BROOKFIELD CORP.

The fund managers got completely rid off BARRICK GOLD CORPORATION, COOPER COS INC/THE (COO) and VANGUARD GROWTH ETF (VB) stocks. They significantly reduced their stock positions in RESTAURANT BRANDS INTERNATIONAL INC. (QSR), M&T BANK CORPORATION (MTB) and FORTIS INC.. JARISLOWSKY, FRASER Ltd opened new stock positions in BRP INC. / CA SUB VOTING, LINDE PLC (LIN) and SONY CORP. ADR (SONY). The fund showed a lot of confidence in some stocks as they added substantially to INTERACTIVE BROKERS GROUP INC (IBKR), ATS CORP and TAIWAN SEMICONDUCTOR MANUFACTNG ADR (TSM).

Jarislowsky, Fraser Ltd Annual Return Estimates Vs S&P 500

Our best estimate is that JARISLOWSKY, FRASER Ltd made a return of -0.3% in the last quarter. In trailing 12 months, it's portfolio return was 0.64%.

New Buys

Ticker	$ Bought
brp inc. / ca sub voting	3,326,270
linde plc	1,694,680
barrick mining corp	685,008
sony corp. adr	475,750
advanced micro devices	219,661
fastenal co	205,632

New stocks bought by Jarislowsky, Fraser Ltd

Additions

Ticker	% Inc.
interactive brokers group inc	294
ats corp	175
tfi international inc.	52.12
ambev sa adr	49.75
taiwan semiconductor manufactng adr	47.43
marsh & mclennan companies inc.	36.65
shopify inc. class - a	27.08
colliers international group inc	26.48

Additions to existing portfolio by Jarislowsky, Fraser Ltd

Reductions

Ticker	% Reduced
restaurant brands international inc.	-45.2
m&t bank corporation	-39.38
fortis inc.	-36.71
bank of nova scotia	-30.92
honeywell international inc.	-30.07
ishares us technology etf	-22.03
magna international inc - a(short)	-21.06
autodesk inc	-17.19

Jarislowsky, Fraser Ltd reduced stake in above stock

Sold off

Ticker	$ Sold
barrick gold corporation	-633,636
cooper cos inc/the	-489,230
vanguard growth etf	-296,656

Jarislowsky, Fraser Ltd got rid off the above stocks

Sector Distribution

JARISLOWSKY, FRASER Ltd has about 59.1% of it's holdings in Others sector.

Sector	%
Others	59.1
Technology	12.7
Healthcare	7.3
Financial Services	6.4
Consumer Cyclical	4.8
Communication Services	3.1
Consumer Defensive	2.9
Industrials	2.2

Market Cap. Distribution

JARISLOWSKY, FRASER Ltd has about 36.5% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	59.1
MEGA-CAP	20
LARGE-CAP	16.5
MID-CAP	4.4

Stocks belong to which Index?

About 32.4% of the stocks held by JARISLOWSKY, FRASER Ltd either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	67.1
S&P 500	32.4

Top 5 Winners (%)		%
AVGO	broadcom inc	63.7 %
ORCL	oracle corporation	55.5 %
NVDA	nvidia corporation	45.8 %
MELI	mercadolibre inc	33.8 %
MSFT	microsoft corporation	32.1 %

Top 5 Winners ($)		$
MSFT	microsoft corporation	174.0 M
ORCL	oracle corporation	111.4 M
OTEX	open text corporation	81.5 M
AMZN	amazon.com inc	58.1 M
AVGO	broadcom inc	46.9 M

Top 5 Losers (%)		%
IBKR	interactive brokers group inc	-67.4 %
FAST	fastenal co	-43.6 %
UNH	unitedhealth group incorporated	-37.7 %
BDX	becton dickinson and company	-22.4 %
ZBH	zimmer biomet holdings inc	-19.4 %

Top 5 Losers ($)		$
IBKR	interactive brokers group inc	-482.4 M
UNH	unitedhealth group incorporated	-126.2 M
BDX	becton dickinson and company	-47.0 M
CPRT	copart inc	-25.2 M
PEP	pepsico inc.	-23.3 M

Jarislowsky, Fraser Ltd Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Jarislowsky, Fraser Ltd

JARISLOWSKY, FRASER Ltd has 188 stocks in it's portfolio. About 41.1% of the portfolio is in top 10 stocks. IBKR proved to be the most loss making stock for the portfolio. MSFT was the most profitable stock for JARISLOWSKY, FRASER Ltd last quarter.

Last Reported on: 15 Jul, 2025

Ticker	Namesorted descending	% Portfolio	Shares Held	$ Value	Type	% Change
	canadian national railway company	5.49	9,241,700	961,017,000	added	0.27

	brookfield corp	5.47	15,506,500	957,783,000	reduced	-2.14

	toronto-dominion bank	5.03	11,996,500	880,596,000	reduced	-1.08

	bank of montreal	4.04	6,400,180	707,842,000	reduced	-2.28

MSFT	microsoft corporation	3.97	1,397,550	695,157,000	reduced	-3.22

CAE	cae inc.	3.63	21,748,700	636,125,000	reduced	-6.21

OTEX	open text corporation	3.50	21,032,700	613,335,000	added	1.97

	thomson reuters corp	3.45	3,010,760	604,231,000	reduced	-7.83

	shopify inc. class - a	3.34	5,082,980	585,077,000	added	27.08

	tc energy corp.	3.13	11,244,400	547,838,000	reduced	-2.23

	stantec inc	3.08	4,964,070	539,044,000	reduced	-11.99

	franco nevada corporation	2.62	2,797,010	458,283,000	reduced	-2.37

	cgi inc.	2.53	4,218,240	442,104,000	reduced	-1.07

AMZN	amazon.com inc	2.52	2,011,480	441,299,000	added	2.29

	gildan activewear inc.	2.08	7,412,210	364,500,000	added	6.45

	colliers international group inc	1.89	2,532,840	330,726,000	added	26.48

MA	mastercard inc - a	1.81	562,749	316,231,000	reduced	-0.98

ORCL	oracle corporation	1.78	1,427,020	311,990,000	added	5.00

ABT	abbott laboratories	1.71	2,195,830	298,655,000	added	1.2

	tfi international inc.	1.69	3,304,030	295,995,000	added	52.12