JARISLOWSKY, FRASER Ltd — 13F holdings

JARISLOWSKY, FRASER Ltd reported 192 holdings worth $18.2B in its 13F filing for Q3 2025, filed October 21, 2025.

Largest positions

1. BN Brookfield Corp — $1.02B (5.6%)
2. TD TORONTO DOMINION BK ONT — $938M (5.2%)
3. CNI CANADIAN NATL RY CO — $837M (4.6%)
4. OTEX OPEN TEXT CORP — $791M (4.3%)
5. BMO BANK MONTREAL QUE — $760M (4.2%)
6. SHOP SHOPIFY INC — $722M (4.0%)
7. MSFT MICROSOFT CORP — $662M (3.6%)
8. CAE CAE INC — $620M (3.4%)
9. TRP TC ENERGY CORP — $585M (3.2%)
10. FNV FRANCO NEV CORP — $548M (3.0%)