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Institutional Investment Manager
JARISLOWSKY, FRASER Ltd
JARISLOWSKY, FRASER Ltd (CIK: 0001123778), located at 1010 Sherbrooke Street West, Montreal, A8. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q4)
Portfolio Summary: 141 holdings with a total value of $16,165,491,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 TORONTO DOMINION BK ONT 27,485,617 1,317,268,000 8.15%
2 ROYAL BK CDA MONTREAL QUE 17,723,107 1,227,802,000 7.60%
3 BANK N S HALIFAX 18,240,578 1,044,276,000 6.46%
4 CANADIAN NATL RY CO 11,455,370 789,636,000 4.88%
5 SUNCOR ENERGY INC NEW 22,824,951 727,166,000 4.50%
6 ENBRIDGE INC 12,374,419 638,245,000 3.95%
7 MANULIFE FINL CORP 33,094,537 633,746,000 3.92%
8 CANADIAN NAT RES LTD 19,623,716 608,576,000 3.76%
9 THOMSON REUTERS CORP 14,104,216 570,744,000 3.53%
10 POTASH CORP SASK INC 15,501,694 549,669,000 3.40%
11 CENOVUS ENERGY INC 22,736,330 470,528,000 2.91%
12 OPEN TEXT CORP 7,907,812 461,599,000 2.86%
13 CAMECO CORP 16,700,782 274,681,000 1.70%
14 VERMILION ENERGY INC 5,136,591 252,782,000 1.56%
15 JOHNSON & JOHNSON 2,343,815 245,092,000 1.52%
16 PROCTER AND GAMBLE CO 2,496,206 227,379,000 1.41%
17 GROUPE CGI INC 5,574,608 213,165,000 1.32%
18 COLGATE PALMOLIVE CO 2,771,459 191,757,000 1.19%
19 PEPSICO INC 2,015,440 190,580,000 1.18%
20 PEMBINA PIPELINE CORP 5,135,931 187,744,000 1.16%
21 CAE INC 14,299,291 186,171,000 1.15%
22 WALGREENS BOOTS ALLIANCE INC 2,411,257 183,737,000 1.14%
23 EXXON MOBIL CORP 1,945,114 179,825,000 1.11%
24 WELLS FARGO & CO NEW 3,246,118 177,952,000 1.10%
25 CVS HEALTH CORP 1,803,746 173,718,000 1.07%
26 JPMORGAN CHASE & CO 2,706,731 169,387,000 1.05%
27 ORACLE CORP 3,375,210 151,783,000 0.94%
28 METLIFE INC 2,789,387 150,877,000 0.93%
29 3M CO 887,880 145,896,000 0.90%
30 EMERSON ELEC CO 2,251,215 138,967,000 0.86%
31 BECTON DICKINSON & CO 913,710 127,151,000 0.79%
32 INTERNATIONAL BUSINESS MACHS 751,916 120,637,000 0.75%
33 FISERV INC 1,655,877 117,517,000 0.73%
34 GENERAL ELECTRIC CO 4,534,349 114,582,000 0.71%
35 Allergan plc 515,489 109,587,000 0.68%
36 TIME WARNER INC NEW 679,414 103,311,000 0.64%
37 PHILIP MORRIS INTL INC 1,240,476 101,036,000 0.63%
38 EOG RES INC 1,082,622 99,677,000 0.62%
39 US BANCORP DEL 2,212,445 99,449,000 0.62%
40 VERISK ANALYTICS INC 1,505,985 96,458,000 0.60%
41 PFIZER INC 3,092,389 96,327,000 0.60%
42 STANTEC INC 3,286,311 90,595,000 0.56%
43 CHEVRON CORP NEW 796,996 89,407,000 0.55%
44 DIAGEO P L C 759,447 86,645,000 0.54%
45 DESCARTES SYS GROUP INC COM 5,670,072 84,445,000 0.52%
46 TRANSCANADA CORP 1,682,847 82,961,000 0.51%
47 AUTOMATIC DATA PROCESSING IN 969,334 80,813,000 0.50%
48 CA INC 2,649,379 80,673,000 0.50%
49 TARGET CORP 1,017,484 77,237,000 0.48%
50 DOLLAR TREE INC 1,096,691 77,185,000 0.48%
Page 1 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001123778-15-000002, filed 2015.02.13).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.