Jarislowsky, Fraser Ltd 13F annual report
Jarislowsky, Fraser Ltd is an investment fund managing more than $16.5 trillion ran by Kevin Brown. There are currently 183 companies in Mr. Brown’s portfolio. The largest investments include Canadian National Railway Co and Brookfield Corp, together worth $1.9 trillion.
$16.5 trillion Assets Under Management (AUM)
As of 5th August 2024, Jarislowsky, Fraser Ltd’s top holding is 8,610,928 shares of Canadian National Railway Co currently worth over $1.02 trillion and making up 6.2% of the portfolio value.
Relative to the number of outstanding shares of Canadian National Railway Co, Jarislowsky, Fraser Ltd owns more than approximately 0.1% of the company.
In addition, the fund holds 21,144,135 shares of Brookfield Corp worth $879 billion.
The third-largest holding is Microsoft worth $671 billion and the next is Thomson-Reuters Corp worth $605 billion, with 3,589,198 shares owned.
Currently, Jarislowsky, Fraser Ltd's portfolio is worth at least $16.5 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Jarislowsky, Fraser Ltd
The Jarislowsky, Fraser Ltd office and employees reside in Montreal, Quebec, Canada. According to the last 13-F report filed with the SEC, Kevin Brown serves as the Vice President, Asset Management Compliance at Jarislowsky, Fraser Ltd.
Recent trades
In the most recent 13F filing, Jarislowsky, Fraser Ltd revealed that it had opened a new position in
MercadoLibre Inc and bought 2,149 shares worth $3.53 billion.
This means they effectively own approximately 0.1% of the company.
MercadoLibre Inc makes up
0.2%
of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Canadian National Railway Co by buying
99,716 additional shares.
This makes their stake in Canadian National Railway Co total 8,610,928 shares worth $1.02 trillion.
Canadian National Railway Co dropped approximately 0.1% in the past year.
On the other hand, there are companies that Jarislowsky, Fraser Ltd is getting rid of from its portfolio.
Jarislowsky, Fraser Ltd closed its position in Alithya on 12th August 2024.
It sold the previously owned 2,316,984 shares for $3.58 million.
Kevin Brown also disclosed a decreased stake in Brookfield Corp by approximately 0.1%.
This leaves the value of the investment at $879 billion and 21,144,135 shares.
One of the largest hedge funds
The two most similar investment funds to Jarislowsky, Fraser Ltd are Candriam S.c.a and Orbis Allan Gray Ltd. They manage $16.4 trillion and $16.7 trillion respectively.
Kevin Brown investment strategy
Jarislowsky, Fraser Ltd’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 15.7% of
the total portfolio value.
The fund focuses on investments in the Canada as
16.4% of the portfolio companies
are based in the Canada.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
46% of the total holdings value.
On the other hand, small-cap stocks make up only 2.7% of the portfolio.
The average market cap of the portfolio companies is close to $123 billion.
The complete list of Jarislowsky, Fraser Ltd trades based on 13F SEC filings
These positions were updated on August 12th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Canadian National Railway Co. |
1.17%
8,610,928
|
$1,017,314,534,000 | 6.18% |
| Brookfield Corp |
2.41%
21,144,135
|
$879,233,712,000 | 5.34% |
| Microsoft Corporation |
4.47%
1,500,227
|
$670,526,457,000 | 4.07% |
| Thomson-Reuters Corp |
3.62%
3,589,198
|
$604,893,646,000 | 3.67% |
| Bank Of Nova Scotia |
0.44%
12,685,074
|
$580,138,038,000 | 3.52% |
| Manulife Financial Corp. |
7.12%
18,560,925
|
$494,153,133,000 | 3.00% |
| TC Energy Corporation |
1.30%
12,592,857
|
$477,265,001,000 | 2.90% |
| Open Text Corp |
5.14%
15,702,510
|
$471,414,789,000 | 2.86% |
| Restaurant Brands International Inc |
1.23%
6,673,716
|
$470,161,849,000 | 2.86% |
| CGI Inc |
2.15%
4,609,507
|
$459,990,862,000 | 2.79% |
| Stantec Inc |
2.36%
5,316,836
|
$445,015,371,000 | 2.70% |
| Bank of Montreal |
36.91%
5,239,662
|
$439,705,037,000 | 2.67% |
| Amazon.com Inc. |
1.93%
2,167,526
|
$418,874,399,000 | 2.54% |
| Gildan Activewear Inc |
1.70%
11,031,700
|
$418,339,524,000 | 2.54% |
| Cae Inc. |
1.30%
22,249,466
|
$413,168,364,000 | 2.51% |
| Franco-Nevada Corporation |
1.16%
3,434,574
|
$407,123,802,000 | 2.47% |
| Unitedhealth Group Inc |
0.11%
654,348
|
$333,233,262,000 | 2.02% |
| Magna International Inc - A |
5.86%
7,148,236
|
$299,543,070,000 | 1.82% |
| Shopify Inc. Class - A |
17.71%
4,437,786
|
$293,214,394,000 | 1.78% |
| Alphabet Inc - A |
3.93%
1,599,495
|
$291,348,050,000 | 1.77% |
| Mastercard Inc - A |
3.13%
649,969
|
$286,740,324,000 | 1.74% |
| Descartes Systems Group Inc |
13.19%
2,890,232
|
$279,972,413,000 | 1.70% |
| Fiserv, Inc. |
4.58%
1,667,270
|
$248,489,920,000 | 1.51% |
| Colliers International Group Inc |
1.15%
2,190,257
|
$244,532,146,000 | 1.49% |
| Alphabet Inc - C |
10.25%
1,304,464
|
$239,264,786,000 | 1.45% |
| Pepsico Inc. |
1.08%
1,436,046
|
$236,847,066,000 | 1.44% |
| Copart, Inc. |
2.21%
4,249,625
|
$230,159,690,000 | 1.40% |
| Abbott Laboratories |
5.99%
2,204,558
|
$229,075,621,000 | 1.39% |
| Royal Bank Of Canada |
6.52%
2,089,756
|
$222,437,653,000 | 1.35% |
| Boston Scientific Corp. |
2.82%
2,879,213
|
$221,728,193,000 | 1.35% |
| Oracle Corp. |
8.20%
1,522,231
|
$214,939,017,000 | 1.31% |
| Jpmorgan Chase Co. |
7.39%
1,027,573
|
$207,836,914,000 | 1.26% |
| Becton, Dickinson and Company |
1.47%
883,000
|
$206,365,930,000 | 1.25% |
| Interactive Brokers Group Inc |
10.61%
1,528,790
|
$187,429,654,000 | 1.14% |
| Accenture plc |
10.70%
550,117
|
$166,910,998,000 | 1.01% |
| IQVIA Holdings Inc |
0.65%
762,305
|
$161,181,769,000 | 0.98% |
| Danaher Corp. |
1.67%
587,708
|
$146,838,843,000 | 0.89% |
| Chubb Limited |
27.30%
518,976
|
$132,380,398,000 | 0.80% |
| The Sherwin-williams Company |
0.49%
411,155
|
$122,700,986,000 | 0.75% |
| TJX Companies, Inc. |
0.36%
1,016,375
|
$111,902,887,000 | 0.68% |
| Meta Platforms Inc |
0.83%
220,283
|
$111,071,094,000 | 0.67% |
| Guidewire Software Inc |
5.42%
800,544
|
$110,387,012,000 | 0.67% |
| Ametek Inc |
0.69%
655,392
|
$109,260,400,000 | 0.66% |
| Hdfc Bank Ltd Adr |
0.47%
1,648,305
|
$106,035,460,000 | 0.64% |
| Berkshire Hathaway Inc - B |
9.11%
234,066
|
$95,218,048,000 | 0.58% |
| Autodesk Inc. |
63.66%
379,882
|
$94,001,800,000 | 0.57% |
| Mondelez International Inc. |
10.56%
1,390,582
|
$90,999,686,000 | 0.55% |
| Toronto Dominion Bank |
11.83%
1,621,285
|
$89,100,497,000 | 0.54% |
| Diageo Plc Adr |
6.90%
650,907
|
$82,066,417,000 | 0.50% |
| Bank OZK |
32.54%
1,971,037
|
$80,812,517,000 | 0.49% |
| Procter Gamble Company |
23.62%
475,704
|
$78,453,103,000 | 0.48% |
| Johnson Johnson |
18.21%
535,628
|
$78,287,388,000 | 0.48% |
| Enbridge Inc |
27.94%
1,978,942
|
$70,388,201,000 | 0.43% |
| SiteOne Landscape Supply Inc |
26.33%
549,302
|
$66,690,755,000 | 0.41% |
| American Financial Group Inc/oh |
2.93%
477,005
|
$58,681,155,000 | 0.36% |
| Relx Plc Adr |
5.41%
1,212,161
|
$55,613,946,000 | 0.34% |
| Public Service Enterprises Group |
5.31%
718,243
|
$52,934,509,000 | 0.32% |
| Monster Beverage Corp. |
2.09%
1,051,153
|
$52,505,092,000 | 0.32% |
| Colgate-Palmolive Co. |
10.84%
525,223
|
$50,967,714,000 | 0.31% |
| Costco Wholesale Corp |
14.24%
55,235
|
$46,949,197,000 | 0.29% |
| Estee Lauder Companies Inc - A |
1.49%
440,919
|
$46,913,781,000 | 0.28% |
| Taiwan Semiconductor Manufactng Adr |
11.30%
257,562
|
$44,766,851,000 | 0.27% |
| Cyberark Software Ltd Adr |
1.29%
149,084
|
$40,762,547,000 | 0.25% |
| CME Group Inc |
31.02%
205,592
|
$40,419,387,000 | 0.25% |
| Unilever Plc Adr |
3.66%
669,290
|
$36,804,257,000 | 0.22% |
| Axos Financial Inc. |
2.73%
634,041
|
$36,235,443,000 | 0.22% |
| Verisk Analytics Inc - A |
37.80%
128,754
|
$34,705,640,000 | 0.21% |
| Credit Acceptance Corp. |
4.11%
66,805
|
$34,383,197,000 | 0.21% |
| LCI Industries |
44.70%
298,276
|
$30,835,772,000 | 0.19% |
| Asml Holding Nv-ny Reg Shs |
7.80%
29,211
|
$29,874,966,000 | 0.18% |
| Progressive Corp/the |
1.71%
139,479
|
$28,971,183,000 | 0.18% |
| Sap Ag Adr |
10.65%
131,643
|
$26,553,709,000 | 0.16% |
| ServisFirst Bancshares Inc |
1.64%
391,797
|
$24,757,652,000 | 0.15% |
| Eli Lilly Company |
18.62%
25,772
|
$23,333,453,000 | 0.14% |
| Spdr Sp 500 Etf Trust |
6.40%
42,739
|
$23,259,418,000 | 0.14% |
| Exxon Mobil Corp. |
30.43%
192,562
|
$22,167,737,000 | 0.13% |
| Automatic Data Processing Inc. |
15.44%
89,709
|
$21,412,641,000 | 0.13% |
| Alcon Inc. |
0.48%
235,905
|
$21,014,417,000 | 0.13% |
| Pembina Pipeline Corporation |
6.45%
464,899
|
$17,245,787,000 | 0.10% |
| Abbvie Inc |
24.41%
99,533
|
$17,071,900,000 | 0.10% |
| Zoetis Inc |
15.36%
86,363
|
$14,971,889,000 | 0.09% |
| Telus Corp. |
7.16%
888,052
|
$13,440,808,000 | 0.08% |
| Comcast Corp - A |
19.22%
342,536
|
$13,413,717,000 | 0.08% |
| Novo Nordisk A/s Sponsored Adr |
31.66%
81,357
|
$11,612,898,000 | 0.07% |
| Apple Inc |
5.84%
53,585
|
$11,286,072,000 | 0.07% |
| Nutrien Ltd |
24.49%
210,410
|
$10,710,034,000 | 0.07% |
| Sun Life Financial, Inc. |
5.99%
217,209
|
$10,648,138,000 | 0.06% |
| Chevron Corp. |
7.22%
65,865
|
$10,302,603,000 | 0.06% |
| Nu Holdings Ltd/cayman Islands |
0.60%
727,482
|
$9,377,242,000 | 0.06% |
| Booking Holdings Inc |
58.78%
2,351
|
$9,313,486,000 | 0.06% |
| Triple Flag Precious Metals Corp |
13.97%
540,302
|
$8,378,856,000 | 0.05% |
| Trip.com Group Ltd - Adr |
11.83%
162,471
|
$7,636,137,000 | 0.05% |
| BCE Inc |
26.25%
217,153
|
$7,031,862,000 | 0.04% |
| Sea Ltd |
9.31%
88,476
|
$6,318,955,000 | 0.04% |
| Credicorp Ltd Adr |
5.02%
37,608
|
$6,067,298,000 | 0.04% |
| XP Inc |
20.70%
344,149
|
$6,053,580,000 | 0.04% |
| Novartis Ag Adr |
7.48%
56,728
|
$6,039,262,000 | 0.04% |
| Kimberly-Clark Corp. |
30.58%
41,067
|
$5,675,459,000 | 0.03% |
| Suncor Energy, Inc. |
16.22%
146,664
|
$5,589,598,000 | 0.03% |
| Pfizer Inc. |
11.65%
199,499
|
$5,581,982,000 | 0.03% |
| Emerson Electric Co. |
20.26%
48,600
|
$5,353,776,000 | 0.03% |
| Coca-Cola Co |
23.91%
79,318
|
$5,048,590,000 | 0.03% |
| Fomento Econ.mexicano Sab De Cv Adr |
18.49%
46,497
|
$5,005,402,000 | 0.03% |
| Infosys Ltd Adr |
2.51%
267,952
|
$4,989,266,000 | 0.03% |
| CVS Health Corp |
15.34%
80,045
|
$4,727,457,000 | 0.03% |
| Merck Co. Inc. |
21.49%
36,190
|
$4,480,322,000 | 0.03% |
| Canadian Pacific Kansas City Ltd |
6.59%
56,071
|
$4,414,871,000 | 0.03% |
| Yum China Holdings Inc |
4.13%
122,138
|
$3,766,735,000 | 0.02% |
| Mcdonald's Corporation |
24.48%
14,003
|
$3,568,524,000 | 0.02% |
| Nike, Inc. |
29.44%
47,038
|
$3,545,254,000 | 0.02% |
| MercadoLibre Inc |
Opened
2,149
|
$3,531,666,000 | 0.02% |
| Totalenergies Se - Adr |
18.36%
47,936
|
$3,196,372,000 | 0.02% |
| Ats Corp |
49.52%
94,544
|
$3,058,766,000 | 0.02% |
| Ishares Sp 500 Etf |
Opened
4,482
|
$2,452,684,000 | 0.01% |
| Duke Energy Corp. |
31.28%
24,383
|
$2,443,908,000 | 0.01% |
| Vanguard Sp 500 Etf |
Opened
4,710
|
$2,355,612,000 | 0.01% |
| iShares Short Treasury Bond ETF |
87.35%
21,197
|
$2,342,268,000 | 0.01% |
| 3M Co. |
61.27%
21,999
|
$2,248,077,000 | 0.01% |
| Altria Group Inc. |
24.96%
46,300
|
$2,108,965,000 | 0.01% |
| National Grid Plc Adr |
1.07%
36,760
|
$2,087,968,000 | 0.01% |
| EOG Resources, Inc. |
34.17%
16,114
|
$2,028,269,000 | 0.01% |
| The Allstate Corporation |
60.04%
12,336
|
$1,969,565,000 | 0.01% |
| Visa Inc - A |
20.50%
7,476
|
$1,962,225,000 | 0.01% |
| Philip Morris International Inc |
37.98%
18,900
|
$1,915,137,000 | 0.01% |
| Xcel Energy Inc. |
23.58%
35,000
|
$1,869,350,000 | 0.01% |
| International Flavors Fragrances |
19.96%
19,400
|
$1,847,074,000 | 0.01% |
| Imperial Oil Limited |
36.97%
26,551
|
$1,809,973,000 | 0.01% |
| Canadian Imperial Bank Of Commerce |
8.49%
36,436
|
$1,732,131,000 | 0.01% |
| MetLife, Inc. |
34.06%
22,075
|
$1,549,444,000 | 0.01% |
| Shell Plc - Adr |
41.50%
21,252
|
$1,533,969,000 | 0.01% |
| Zimmer Biomet Holdings Inc |
57.34%
13,255
|
$1,438,565,000 | 0.01% |
| Brown-forman Corp - A |
24.28%
31,908
|
$1,408,100,000 | 0.01% |
| Ing Groep N.v. Adr |
7.39%
75,658
|
$1,296,778,000 | 0.01% |
| Spdr Gold Trust |
2.27%
5,909
|
$1,270,494,000 | 0.01% |
| Canadian Natural Resources Ltd. |
83.01%
35,008
|
$1,246,713,000 | 0.01% |
| Berkshire Hathaway Inc - A |
No change
2
|
$1,224,482,000 | 0.01% |
| Aflac Incorporated |
32.31%
13,200
|
$1,178,892,000 | 0.01% |
| Home Depot, Inc. |
8.73%
3,293
|
$1,133,582,000 | 0.01% |
| Astrazeneca plc |
0.26%
14,119
|
$1,101,140,000 | 0.01% |
| Ishares Msci Eafe Index Fund |
0.97%
14,000
|
$1,096,620,000 | 0.01% |
| Wells Fargo Company |
19.58%
17,749
|
$1,054,113,000 | 0.01% |
| Wal-mart Stores Inc. |
20.78%
13,898
|
$941,033,000 | 0.01% |
| Brown-forman Corp - B |
35.51%
21,569
|
$931,565,000 | 0.01% |
| NVIDIA Corp |
900.00%
7,280
|
$899,371,000 | 0.01% |
| Intercontinental Hotels-adr |
1.03%
7,606
|
$805,855,000 | 0.00% |
| Fortis Inc. |
46.16%
20,686
|
$803,796,000 | 0.00% |
| Us Bancorp |
62.32%
20,102
|
$798,049,000 | 0.00% |
| Lowe's Companies Inc. |
16.76%
3,080
|
$679,016,000 | 0.00% |
| Medtronic Inc. Plc |
5.14%
8,555
|
$673,364,000 | 0.00% |
| Rogers Communications Inc - B |
1.62%
16,578
|
$613,035,000 | 0.00% |
| Mt Bank Corporation |
3.17%
3,815
|
$577,438,000 | 0.00% |
| Cintas Corporation |
No change
800
|
$560,208,000 | 0.00% |
| Smith Nephew Plc Adr |
22.05%
22,100
|
$547,638,000 | 0.00% |
| Ishares Us Technology Etf |
Opened
3,595
|
$541,047,000 | 0.00% |
| Cooper Cos Inc/the |
59.72%
5,800
|
$506,340,000 | 0.00% |
| Hilton Worldwide Holdings Inc |
No change
2,176
|
$474,803,000 | 0.00% |
| Adobe Inc |
No change
830
|
$461,098,000 | 0.00% |
| Cdw Corp/de |
No change
1,949
|
$436,264,000 | 0.00% |
| Texas Instruments Inc. |
No change
2,225
|
$432,829,000 | 0.00% |
| West Fraser Timber Co. Ltd. |
No change
4,740
|
$363,965,000 | 0.00% |
| Marsh Mclennan Companies Inc. |
No change
1,700
|
$358,224,000 | 0.00% |
| Broadcom Inc |
21.64%
210
|
$337,161,000 | 0.00% |
| Ross Stores, Inc. |
11.61%
2,284
|
$331,910,000 | 0.00% |
| Dominion Energy Inc |
67.66%
6,651
|
$325,899,000 | 0.00% |
| Cenovus Energy Inc |
27.56%
16,430
|
$322,872,000 | 0.00% |
| Ishares Msci Emerging Market |
Opened
7,395
|
$314,953,000 | 0.00% |
| Waste Connections Inc |
No change
1,784
|
$312,941,000 | 0.00% |
| Alibaba Group Holding-sp Adr |
Opened
4,339
|
$312,408,000 | 0.00% |
| Valero Energy Corp. |
No change
1,992
|
$312,265,000 | 0.00% |
| Honeywell International Inc |
40.95%
1,370
|
$292,549,000 | 0.00% |
| Barrick Gold Corporation |
3.12%
17,104
|
$285,243,000 | 0.00% |
| Air Products Chemicals Inc. |
33.33%
1,000
|
$258,050,000 | 0.00% |
| Illinois Tool Works, Inc. |
15.85%
1,062
|
$251,651,000 | 0.00% |
| Caterpillar Inc. |
34.24%
705
|
$234,835,000 | 0.00% |
| Cardinal Health, Inc. |
No change
2,250
|
$221,220,000 | 0.00% |
| Union Pacific Corp. |
No change
944
|
$213,589,000 | 0.00% |
| Travelers Companies Inc. |
0.29%
1,043
|
$212,083,000 | 0.00% |
| Brookfield Asset Management Ltd |
40.68%
5,476
|
$208,418,000 | 0.00% |
| Smith A.o Corp |
No change
2,494
|
$203,959,000 | 0.00% |
| Cemex S.a.b. De C.v. Sponsored Adr |
Opened
26,200
|
$166,108,000 | 0.00% |
| Vale Sa Sponsored Adr |
Opened
13,100
|
$146,327,000 | 0.00% |
| Silvercorp Metals Inc |
No change
31,500
|
$105,433,000 | 0.00% |
| Ambev Sa Adr |
3.62%
39,103
|
$80,161,000 | 0.00% |
| Alithya Group Inc. |
Closed
2,316,984
|
$3,578,000 | |
| Parker-Hannifin Corp. |
Closed
5,630
|
$3,129,000 | |
| iShares 0-3 Month Treasury Bond |
Closed
17,103
|
$1,722,000 | |
| Berry Global Group Inc |
Closed
24,164
|
$1,461,000 | |
| Stryker Corp. |
Closed
2,429
|
$869,000 | |
| Bank of America Corporation |
Closed
19,587
|
$742,000 | |
| Clorox Co. |
Closed
4,000
|
$612,000 | |
| Dollar Tree Inc |
Closed
4,050
|
$539,000 | |
| Walt Disney Company |
Closed
3,139
|
$384,000 | |
| Hartford Financial Services Grp Inc. |
Closed
3,600
|
$370,000 | |
| W.r. Berkley Corp. |
Closed
3,114
|
$275,000 | |
| Lululemon Athletica inc. |
Closed
700
|
$273,000 | |
| Cisco Systems, Inc. |
Closed
4,750
|
$237,000 | |
| Mccormick Company Incorporated |
Closed
2,700
|
$207,000 | |
| Veralto Corp |
Closed
2,339
|
$207,000 | |
| Brookfield Renewable Energy Partners |
Closed
8,767
|
$204,000 | |
| Baidu Inc. Sponsored Adr |
Closed
1,946
|
$204,000 | |
| Sanofi Adr |
Closed
4,200
|
$204,000 | |
| International Business Machines Corp. |
Closed
1,050
|
$200,000 | |
| No transactions found | |||
| Showing first 500 out of 202 holdings | |||
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