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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 (2015Q3)
Portfolio Summary: 142 holdings with a total value of $13,303,620,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 TORONTO DOMINION BK ONT 26,212,713 1,028,409,000 7.73%
2 ROYAL BK CDA MONTREAL QUE 16,857,677 927,819,000 6.97%
3 BANK N S HALIFAX 17,400,499 763,534,000 5.74%
4 CANADIAN NATL RY CO 10,833,400 612,333,000 4.60%
5 SUNCOR ENERGY INC NEW 21,796,316 580,227,000 4.36%
6 MANULIFE FINL CORP 33,271,888 512,218,000 3.85%
7 ENBRIDGE INC 13,434,037 496,499,000 3.73%
8 THOMSON REUTERS CORP 11,174,251 447,070,000 3.36%
9 OPEN TEXT CORP 8,674,988 386,676,000 2.91%
10 CENOVUS ENERGY INC 25,553,340 385,768,000 2.90%
11 CANADIAN NAT RES LTD 18,768,198 363,688,000 2.73%
12 GILDAN ACTIVEWEAR INC 9,004,593 270,534,000 2.03%
13 CAMECO CORP 17,252,828 209,370,000 1.57%
14 VERMILION ENERGY INC 6,529,871 209,285,000 1.57%
15 JOHNSON & JOHNSON 2,234,419 208,583,000 1.57%
16 GROUPE CGI INC 5,659,424 204,097,000 1.53%
17 WALGREENS BOOTS ALLIANCE INC 2,407,240 200,041,000 1.50%
18 STANTEC INC 9,140,870 199,085,000 1.50%
19 PEPSICO INC 1,896,482 178,838,000 1.34%
20 PEMBINA PIPELINE CORP 7,401,188 177,259,000 1.33%
21 PROCTER AND GAMBLE CO 2,364,386 170,093,000 1.28%
22 COLGATE PALMOLIVE CO 2,554,835 162,129,000 1.22%
23 CVS HEALTH CORP 1,677,528 161,847,000 1.22%
24 WELLS FARGO & CO NEW 3,124,047 160,419,000 1.21%
25 JPMORGAN CHASE & CO 2,551,042 155,537,000 1.17%
26 FISERV INC 1,674,320 145,012,000 1.09%
27 CAE INC 13,381,669 141,132,000 1.06%
28 EXXON MOBIL CORP 1,862,331 138,464,000 1.04%
29 POTASH CORP SASK INC 6,505,980 133,108,000 1.00%
30 METLIFE INC 2,692,201 126,937,000 0.95%
31 BECTON DICKINSON & CO 950,577 126,103,000 0.95%
32 3M CO 861,133 122,082,000 0.92%
33 ORACLE CORP 3,209,384 115,922,000 0.87%
34 GENERAL ELECTRIC CO 4,514,858 113,864,000 0.86%
35 MICROSOFT CORP 2,532,791 112,101,000 0.84%
36 VERISK ANALYTICS INC 1,453,205 107,406,000 0.81%
37 INTERNATIONAL BUSINESS MACHS 697,827 101,163,000 0.76%
38 DESCARTES SYS GROUP INC COM 5,686,112 100,260,000 0.75%
39 PFIZER INC 3,035,661 95,350,000 0.72%
40 COMCAST CORP NEW 1,530,483 87,604,000 0.66%
41 US BANCORP DEL 2,118,568 86,882,000 0.65%
42 DIAGEO P L C 791,827 85,351,000 0.64%
43 ANHEUSER BUSCH INBEV SA/NV 730,933 77,712,000 0.58%
44 IMS HEALTH HLDS INC 2,571,184 74,821,000 0.56%
45 EOG RES INC 1,016,732 74,018,000 0.56%
46 DAVITA INC 1,004,198 72,633,000 0.55%
47 AUTOMATIC DATA PROCESSING IN 902,335 72,511,000 0.55%
48 ABBOTT LABS 1,796,875 72,270,000 0.54%
49 CA INC 2,545,801 69,500,000 0.52%
50 DOLLAR TREE INC 1,009,027 67,261,000 0.51%
Page 1 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001123778-15-000017, filed 2015.11.10).

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.