SEC 13F Intelligence

Managers / Q1 2019 · view latest →

JARISLOWSKY, FRASER Ltd

CIK 0001123778 · 1010 SHERBROOKE STREET WEST, 20TH FLOOR, MONTREAL, A8, H3A 2R7 · 5148422727

Reported Value
$16.0B
Q1 2019
Positions
224
Filings on Record
34
2019–present window
Filed
May 15, 2019
original filing

Summary

Jarislowsky, Fraser Ltd reported $16.0B in U.S.-listed holdings across 224 positions for Q1 2019.

Its largest position, TD, represents 7.0% of the portfolio.

Compared with Q4 2018, the fund opened 30 new positions and exited 20.

Portfolio Metrics

Turnover
+4.5%
vs prior filed quarter
Top-10 Concentration
+46.7%
share of reported value
Largest Position
+7.0%
Toronto Dominion Bank
New / Exited
30 / 20
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $14.5BQ4 ’18Q1 ’19: $16.0BQ2 ’19: $16.5BQ3 ’19: $17.8BQ4 ’19: $18.9BQ4 ’19Q1 ’20: $13.7BQ2 ’20: $16.0BQ3 ’20: $17.0BQ4 ’20: $19.6BQ4 ’20Q1 ’21: $20.3BQ2 ’21: $21.4BQ3 ’21: $20.5BQ4 ’21: $21.5BQ4 ’21Q1 ’22: $18.8BQ2 ’22: $15.7BQ3 ’22: $14.4BQ1 ’23: $16MQ1 ’23Q2 ’23: $17MQ3 ’23: $15MQ4 ’23: $17MQ1 ’24: $17MQ1 ’24Q3 ’24: $17.9BQ4 ’24: $17.1BQ1 ’25: $16.0BQ2 ’25: $17.5BQ2 ’25Q3 ’25: $18.2Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 89.2%Other: 7.6%ADR: 2.9%NY Reg Shrs: 0.2%ETP: 0.1%Other: 0.0%
  • Common Stock · 89.2% · $14.3B
  • Other · 7.6% · $1.2B
  • ADR · 2.9% · $457M
  • NY Reg Shrs · 0.2% · $37M
  • ETP · 0.1% · $13M
  • Other · 0.0% · $594,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2018 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GIB/ACGI Inc.NEW+7.67M7.67M+$527M$527M
CPRTCopart IncNEW+348.5K348.5K+$21M$21M
TYLTyler Technologies IncNEW+83.1K83.1K+$17M$17M
iShares North American Tech ETFNEW+8.3K8.3K+$2M$2M
JOBSUSD51job IncNEW+15.2K15.2K+$1M$1M
AEMAgnico Eagle Mines LimitedNEW+21.8K21.8K+$949,000$949,000
UTXZUnited Technologies CorporationNEW+6.8K6.8K+$870,000$870,000
METAFacebook Inc.NEW+5.0K5.0K+$829,000$829,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2019

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TDToronto-Dominion Bankhistory →Common Stock7.03%$1.1B20.71M
2CNRCanadian National Railway Companyhistory →Common Stock5.75%$919M10.26M
3ENBEnbridge Inchistory →Common Stock5.38%$861M23.76M
4RYRoyal Bank of Canadahistory →Common Stock5.36%$857M11.36M
5BNSBank of Nova Scotiahistory →Common Stock5.04%$806M15.14M
6MFCManulife Financial Corporationhistory →Common Stock3.85%$616M36.42M
7NTRNutrien Ltdhistory →Common Stock3.82%$610M11.56M
8OTXOpen Text Corporationhistory →Common Stock3.80%$607M15.81M
9Thomson Reuters Corp.Common Stock3.35%$536M9.06M
10GIB/ACGI Inc.history →Common Stock3.30%$527M7.67M
11CRCCanadian Natural Resources Limitedhistory →Common Stock3.17%$508M18.48M
12Brookfield Asset Mgt - ACommon Stock3.12%$499M10.71M
13GILGildan Activewear Inc.history →Common Stock2.91%$465M12.92M
14QSRRestaurant Brands International Inc.history →Common Stock2.86%$458M7.03M
15PPLPembina Pipeline Corporationhistory →Common Stock2.67%$427M11.61M
16STNStantec Inchistory →Common Stock1.79%$286M12.11M
17MSFTMicrosoft Corporationhistory →Common Stock1.67%$266M2.26M
18CAECAE Inc.history →Common Stock1.54%$247M11.14M
19JPMJPMorgan Chase & Co.history →Common Stock1.23%$197M1.95M
20JNJJohnson & Johnsonhistory →Common Stock1.18%$189M1.35M
21PEPPepsiCo Inc.history →Common Stock1.09%$175M1.42M
22ABTAbbott Laboratorieshistory →Common Stock1.07%$171M2.14M
23BDXBecton Dickinson and Companyhistory →Common Stock1.06%$169M675.8K
24VRSKVerisk Analytics Inc - Ahistory →Common Stock1.04%$166M1.25M
25ORCLOracle Corporationhistory →Common Stock0.98%$157M2.92M
26DSGDescartes Systems Group Inchistory →Common Stock0.96%$153M4.21M
27UNHUnitedHealth Group Incorporatedhistory →Common Stock0.88%$140M567.2K
28VETVermilion Energy Inc.history →Common Stock0.87%$139M5.64M
29MMM3M Companyhistory →Common Stock0.85%$136M654.3K
30CLColgate-Palmolive Companyhistory →Common Stock0.85%$136M1.98M
31FISVFiserv Inc.history →Common Stock0.85%$136M1.54M
32WFCWells Fargo & Companyhistory →Common Stock0.81%$130M2.69M
33CMCSAComcast Corp - Ahistory →Common Stock0.81%$130M3.25M
34GOOGAlphabet Inc - Chistory →Common Stock0.79%$126M107.7K
35DGEDDiageo Plc ADRhistory →ADR0.75%$120M732.0K
36PGProcter & Gamble Companyhistory →Common Stock0.74%$119M1.14M
37WBAWalgreens Boots Alliancehistory →Common Stock0.74%$119M1.88M
38MAMastercard Inc - Ahistory →Common Stock0.73%$116M494.0K
39IQVIQVIA Holdings Inchistory →Common Stock0.69%$111M772.2K
40BRK/BBerkshire Hathaway Inc - Bhistory →Common Stock0.69%$111M550.7K
41GOOGLAlphabet Inc - Ahistory →Common Stock0.60%$95M81.0K
42TRLDavita Inc.history →Common Stock0.58%$92M1.70M
43EXMOCExxon Mobil Corporationhistory →Common Stock0.52%$83M1.03M
44CVSCVS Health Corporationhistory →Common Stock0.52%$83M1.53M
45USBUS Bancorphistory →Common Stock0.44%$71M1.47M
46Nielsen Holdings PlcCommon Stock0.44%$70M2.97M
47MDLZMondelez International Inc.history →Common Stock0.43%$69M1.38M
48EOGEOG Resources Inc.history →Common Stock0.42%$67M698.9K
49TJXTJX Companies Inc.history →Common Stock0.40%$65M1.22M
50DLTRDollar Tree Inchistory →Common Stock0.40%$64M609.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2025$18.2B192Oct 21, 202513F-HRchanges · EDGAR ↗
Q2 2025$17.5B188Jul 15, 202513F-HRchanges · EDGAR ↗
Q1 2025$16.0B185May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$17.1B189Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$17.9B189Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024Under review185Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$17M196May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$17M221Feb 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$15M188Nov 6, 202313F-HRchanges · EDGAR ↗
Q2 2023$17M197Jul 19, 202313F-HRchanges · EDGAR ↗
Q1 2023$16M198May 11, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review206Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$14.4B207Nov 7, 202213F-HRchanges · EDGAR ↗
Q2 2022$15.7B205Jul 27, 202213F-HRchanges · EDGAR ↗
Q1 2022$18.8B208May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$21.5B218Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021$20.5B219Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$21.4B228Aug 9, 202113F-HRchanges · EDGAR ↗
Q1 2021$20.3B216May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$19.6B219Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$17.0B206Nov 3, 202013F-HRchanges · EDGAR ↗
Q2 2020$16.0B210Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$13.7B210May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$18.9B226Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$17.8B226Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$16.5B223Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$16.0B224May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$14.5B214Feb 1, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • BANK OF NOVA SCOTIA028-11475

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.