JARISLOWSKY, FRASER Ltd

JARISLOWSKY, FRASER Ltd filed Q3 2025 13F-HR with $18.2B in disclosed U.S. equity holdings The portfolio is led by Technology exposure, with top positions including BN (5.6%), TD (5.2%), CNI (4.6%). Quarter-over-quarter activity shows 2 new entries and 2 exits, with a net reductive posture across 52 changed positions. Notable reduction: BN (4.5% reduction) (Brookfield Corp).