Dark
Light
System
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)
Original 13F HR (0001123778-15-000002) filed in 2015.02.13
#
Name
Shares
Value ($)
%
Options
Notes
51 BORGWARNER INC 1,027,967 56,486 0.35%
52 TARGET CORP 1,017,484 77,237 0.48%
53 AUTOMATIC DATA PROCESSING IN 969,334 80,813 0.50%
54 BECTON DICKINSON & CO 913,710 127,151 0.79%
55 3M CO 887,880 145,896 0.90%
56 DAVITA INC 877,768 66,482 0.41%
57 SANOFI 862,466 39,337 0.24%
58 ENCANA CORP 845,948 11,810 0.07%
59 ISRAEL CHEMICALS LTD SHS 835,703 6,058 0.04%
60 IMPERIAL OIL LTD 820,599 35,459 0.22%
61 CHEVRON CORP NEW 796,996 89,407 0.55%
62 HSBC HLDGS PLC 792,368 37,423 0.23%
63 FOMENTO ECONOMICO MEXICANO S 769,863 67,771 0.42%
64 DIAGEO P L C 759,447 86,645 0.54%
65 INTERNATIONAL BUSINESS MACHS 751,916 120,637 0.75%
66 MONDELEZ INTL INC 741,145 26,922 0.17%
67 TIME WARNER INC NEW 679,414 103,311 0.64%
68 ANHEUSER BUSCH INBEV SA/NV 625,856 70,296 0.43%
69 LINCOLN NATL CORP IND 588,947 33,964 0.21%
70 BCE INC 568,195 26,137 0.16%
71 COMCAST CORP NEW 561,812 32,340 0.20%
72 COCA COLA CO 529,182 22,342 0.14%
73 Allergan plc 515,489 109,587 0.68%
74 ALTRIA GROUP INC 511,394 25,196 0.16%
75 MITSUBISHI UFJ FINL GROUP INCORPORATED SPONSORED ADR 482,995 2,670 0.02%
76 BANCO SANTANDER SA 468,489 3,902 0.02%
77 BEMIS INC 444,393 20,091 0.12%
78 ROGERS COMMUNICATIONS INC 425,630 16,598 0.10%
79 NATIONAL GRID PLC 415,182 29,336 0.18%
80 M & T BK CORP 406,498 51,064 0.32%
81 BRISTOL MYERS SQUIBB CO 403,020 23,790 0.15%
82 FRESENIUS MED CARE AG&CO KGA 402,580 14,951 0.09%
83 Spectra Energy Corp Com 398,728 14,473 0.09%
84 GLAXOSMITHKLINE PLC 385,873 16,492 0.10%
85 SMITH & NEPHEW PLC 375,417 13,792 0.09%
86 KIMBERLY CLARK CORP 373,991 43,210 0.27%
87 TELUS CORP 343,689 12,430 0.08%
88 TOTAL S A 343,138 17,568 0.11%
89 SEAGATE TECHNOLOGY PLC 328,298 21,831 0.14%
90 NOBLE ENERGY INC 328,266 15,569 0.10%
91 SUN LIFE FINL INC 308,589 11,168 0.07%
92 SAP SE 289,280 20,148 0.12%
93 ABBVIE INC 280,670 18,367 0.11%
94 UNITEDHEALTH GROUP INC 271,085 27,403 0.17%
95 VODAFONE GROUP PLC NEW 247,861 8,469 0.05%
96 ING GROEP N V 239,288 3,103 0.02%
97 HALLIBURTON CO 236,235 9,291 0.06%
98 BANK MONTREAL QUE 225,314 15,986 0.10%
99 TJX COS INC NEW 209,414 14,361 0.09%
100 COSTCO WHSL CORP NEW 184,612 26,168 0.16%
Page 2 of 3