Jarislowsky, Fraser Ltd
Reports for
BANK OF NOVA SCOTIA
Filing Date
Global Rank
#334
/ 8,095
▼ 14
· as of Sep 2025
Top Industry
Banks - Diversified
12.8%
3Y Alpha vs SPY
-2.9%
Period ended 11 months ago
Filed Oct 21, 2025 · 11mo
23 quarters · since Mar 2020
Clone Performance
Sep 2023–Apr 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+44.1%
SPY
+53.8%
Annualised alpha
-2.9%
Max drawdown
−15.3%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends. Captured split ratios restate closes onto one basis; only an unusable ratio can exclude earlier closes for that listing. It tracks 100% of reported value on average across 10 quarters.Jarislowsky, Fraser Ltd has stopped filing, so the simulation ends in Apr 2026 — where its last reported portfolio went stale — rather than trading that portfolio forward to today. Past performance does not predict future results.
Portfolio Concentration
182 tracked positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025Top Position
5.6%
+0.1 pts
Top 5
23.9%
−0.2 pts
Top 10
41.1%
−0.1 pts
HHI
256
Diversified−6
Portfolio Trend
23 quarters · across all stocks
Sector Breakdown
As of Sep 30, 2025| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 25.4% | $4,625,134,016 |
| Technology | 22.3% | $4,051,928,565 |
| Industrials | 17.5% | $3,178,091,134 |
| Healthcare | 7.4% | $1,343,130,727 |
| Consumer Cyclical | 7.0% | $1,264,369,580 |
| Energy | 5.8% | $1,061,285,087 |
| Communication Services | 4.0% | $719,708,827 |
| Basic Materials | 3.8% | $698,848,464 |
| Consumer Defensive | 3.2% | $576,795,583 |
| Real Estate | 1.8% | $330,507,399 |
| Unclassified | 1.4% | $246,927,967 |
| Utilities | 0.5% | $95,058,657 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| PBA | Pembina Pipeline Corp | +8,372,612 | 8,814,455 | $356,632,849 | |
| HDB | Hdfc Bank Ltd | +1,501,721 | 3,317,169 | $113,314,493 | |
| PEG | Public Service Enterprise Group Inc | +530,248 | 1,025,305 | $85,571,955 | |
| MDLZ | Mondelez International, Inc. | +127,412 | 1,552,357 | $96,975,741 | |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | +126,941 | 382,933 | $22,429,362 | |
| FISV | Fiserv Inc | +125,513 | 1,508,425 | $194,481,235 | |
| OTEX | Open Text Corp | +117,436 | 21,150,154 | $790,592,756 | |
| HLN | Haleon plc | +90,904 | 821,006 | $7,364,423 | |
| META | Meta Platforms, Inc. | +62,640 | 235,586 | $173,009,646 | |
| NVDA | Nvidia Corp | +37,758 | 45,038 | $8,403,190 | |
| BCE | Bce Inc | +22,574 | 199,725 | $4,671,567 | |
| SAP | Sap SE | +20,512 | 165,093 | $44,114,500 | |
| UL | Unilever PLC | +20,490 | 676,812 | $40,121,441 | |
| CNQ | CANADIAN NATURAL RESOURCES Ltd | +16,327 | 66,366 | $2,121,057 | |
| B | Barrick Mining Corp | +13,404 | 46,306 | $1,517,447 | |
| CVE | Cenovus Energy Inc. | +10,076 | 26,474 | $449,793 | |
| CM | Canadian Imperial Bank Of Commerce /Can/ | +9,771 | 55,674 | $4,447,795 | |
| RCI | Rogers Communications Inc | +8,504 | 24,288 | $837,207 | |
| SU | Suncor Energy Inc | +7,852 | 118,134 | $4,939,182 | |
| CP | Canadian Pacific Kansas City Ltd/Cn | +7,429 | 69,573 | $5,182,492 | |
| SONY | Sony Group Corp | +6,805 | 25,082 | $722,110 | |
| TECK | Teck Resources Ltd | +4,997 | 12,059 | $529,269 | |
| MGA | Magna International Inc | +3,596 | 20,686 | $980,102 | |
| SLF | Sun Life Financial Inc | +2,725 | 61,475 | $3,690,344 | |
| NU | Nu Holdings Ltd. | +2,580 | 651,820 | $10,435,638 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| STN | Stantec Inc | −881,942 | 4,082,124 | $440,052,967 | |
| CAE | Cae Inc | −805,474 | 20,943,262 | $620,758,285 | |
| BN | BROOKFIELD Corp /ON/ | −700,283 | 14,806,245 | $1,015,412,282 | |
| BMO | Bank Of Montreal /Can/ | −566,349 | 5,833,830 | $759,856,357 | |
| GIL | Gildan Activewear Inc. | −564,050 | 6,848,156 | $395,823,416 | |
| TRP | Tc Energy Corp | −492,953 | 10,751,401 | $584,983,728 | |
| IBKR | Interactive Brokers Group, Inc. | −492,093 | 3,724,608 | $256,290,276 | |
| SITE | SiteOne Landscape Supply, Inc. | −419,483 | 1,584 | $204,019 | |
| CIGI | Colliers International Group Inc. | −417,047 | 2,115,789 | $330,507,399 | |
| CNI | Canadian National Railway Co | −370,454 | 8,871,249 | $836,558,780 | |
| RY | Royal Bank Of Canada | −337,524 | 1,645,780 | $242,456,309 | |
| FNV | FRANCO NEVADA Corp | −334,297 | 2,462,713 | $548,963,354 | |
| XP | XP Inc. | −314,208 | 10,949 | $205,731 | |
| ADSK | Autodesk, Inc. | −282,806 | 59,225 | $18,814,005 | |
| TD | Toronto Dominion Bank | −267,746 | 11,728,785 | $937,716,360 | |
| DEO | Diageo PLC | −263,612 | 339,798 | $32,426,923 | |
| SHOP | Shopify Inc. | −221,596 | 4,861,383 | $722,450,127 | |
| ORCL | Oracle Corp | −206,236 | 1,220,787 | $343,334,135 | |
| GOOGL | Alphabet Inc. | −201,126 | 2,158,554 | $525,229,953 | |
| GIB | Cgi Inc | −184,431 | 4,033,813 | $359,533,752 | |
| — | −152,704 | 620 | $0 | ||
| QSR | Restaurant Brands International Inc. | −148,118 | 3,263,219 | $209,302,866 | |
| OZK | Bank OZK | −143,928 | 1,658,271 | $84,538,655 | |
| TRI | Thomson Reuters Corp /Can/ | −124,059 | 2,886,701 | $448,391,266 | |
| DSGX | Descartes Systems Group Inc | −121,694 | 2,483,153 | $233,987,507 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
5 positions
Sold Out
Positions the filer fully exited
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| AMD | Advanced Micro Devices Inc | 1,548 | $219,661 | |
| No positions match the current search. | ||||
182 tracked positions ·
$18,191,786,006 total
· filing declares
192 positions · $18,195,809,349
· as of Sep 30, 2025
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 182 positions by value
· page 1 of 4
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| BN |
BROOKFIELD Corp /ON/
Financial Services
|
Reduced | 14,806,245 | $1,015,412,282 | 5.58% | |
| TD |
Toronto Dominion Bank
Financial Services
|
Reduced | 11,728,785 | $937,716,360 | 5.15% | |
| CNI |
Canadian National Railway Co
Industrials
|
Reduced | 8,871,249 | $836,558,780 | 4.60% | |
| OTEX |
Open Text Corp
Technology
|
Added | 21,150,154 | $790,592,756 | 4.35% | |
| BMO |
Bank Of Montreal /Can/
Financial Services
|
Reduced | 5,833,830 | $759,856,357 | 4.18% | |
| SHOP |
Shopify Inc.
Technology
|
Reduced | 4,861,383 | $722,450,127 | 3.97% | |
| MSFT |
Microsoft Corp
Technology
|
Reduced | 1,277,760 | $661,815,792 | 3.64% | |
| CAE |
Cae Inc
Industrials
|
Reduced | 20,943,262 | $620,758,285 | 3.41% | |
| TRP |
Tc Energy Corp
Energy
|
Reduced | 10,751,401 | $584,983,728 | 3.22% | |
| FNV |
FRANCO NEVADA Corp
Basic Materials
|
Reduced | 2,462,713 | $548,963,354 | 3.02% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Reduced | 2,158,554 | $525,229,953 | 2.89% | |
| TRI |
Thomson Reuters Corp /Can/
Industrials
|
Reduced | 2,886,701 | $448,391,266 | 2.46% | |
| STN |
Stantec Inc
Industrials
|
Reduced | 4,082,124 | $440,052,967 | 2.42% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Reduced | 1,981,602 | $435,100,351 | 2.39% | |
| GIL |
Gildan Activewear Inc.
Consumer Cyclical
|
Reduced | 6,848,156 | $395,823,416 | 2.18% | |
| GIB |
Cgi Inc
Technology
|
Reduced | 4,033,813 | $359,533,752 | 1.98% | |
| PBA |
Pembina Pipeline Corp
Energy
|
Added | 8,814,455 | $356,632,849 | 1.96% | |
| ORCL |
Oracle Corp
Technology
|
Reduced | 1,220,787 | $343,334,135 | 1.89% | |
| CIGI |
Colliers International Group Inc.
Real Estate
|
Reduced | 2,115,789 | $330,507,399 | 1.82% | |
| MA |
Mastercard Inc
Financial Services
|
Reduced | 547,672 | $311,521,310 | 1.71% | |
| ABT |
Abbott Laboratories
Healthcare
|
Reduced | 2,158,089 | $289,054,440 | 1.59% | |
| TFII |
TFI International Inc.
Industrials
|
Reduced | 3,201,844 | $281,954,382 | 1.55% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Reduced | 878,324 | $277,049,739 | 1.52% | |
| IBKR |
Interactive Brokers Group, Inc.
Financial Services
|
Reduced | 3,724,608 | $256,290,276 | 1.41% | |
| RY |
Royal Bank Of Canada
Financial Services
|
Reduced | 1,645,780 | $242,456,309 | 1.33% | |
| DSGX |
Descartes Systems Group Inc
Technology
|
Reduced | 2,483,153 | $233,987,507 | 1.29% | |
| UNH |
Unitedhealth Group Inc
Healthcare
|
Reduced | 664,655 | $229,505,371 | 1.26% | |
| BSX |
Boston Scientific Corp
Healthcare
|
Reduced | 2,192,794 | $214,082,478 | 1.18% | |
| QSR |
Restaurant Brands International Inc.
Consumer Cyclical
|
Reduced | 3,263,219 | $209,302,866 | 1.15% | |
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
Technology
|
Reduced | 739,611 | $206,565,956 | 1.14% | |
| RBA |
Rb Global Inc.
Industrials
|
NEW | 1,805,849 | $195,681,797 | 1.08% | |
| FISV |
Fiserv Inc
|
Added | 1,508,425 | $194,481,235 | 1.07% | |
| PEP |
Pepsico Inc
Consumer Defensive
|
Added | 1,302,013 | $182,854,705 | 1.01% | |
| BDX |
Becton Dickinson & Co
Healthcare
|
Reduced | 935,130 | $175,028,250 | 0.96% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 235,586 | $173,009,646 | 0.95% | |
| IQV |
Iqvia Holdings Inc.
Healthcare
|
Reduced | 785,658 | $149,227,880 | 0.82% | |
| CPRT |
Copart Inc
Industrials
|
Reduced | 3,112,375 | $139,963,503 | 0.77% | |
| AVGO |
Broadcom Inc.
Technology
|
Reduced | 420,881 | $138,852,850 | 0.76% | |
| ACN |
Accenture plc
Technology
|
Reduced | 535,794 | $132,126,800 | 0.73% | |
| TJX |
Tjx Companies Inc /De/
Consumer Cyclical
|
Reduced | 888,931 | $128,486,086 | 0.71% | |
| SHW |
Sherwin Williams Co
Basic Materials
|
Reduced | 346,536 | $119,991,555 | 0.66% | |
| AME |
Ametek Inc/
Industrials
|
Reduced | 614,702 | $115,563,976 | 0.64% | |
| HDB |
Hdfc Bank Ltd
Financial Services
|
Added | 3,317,169 | $113,314,493 | 0.62% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Reduced | 221,595 | $112,912,064 | 0.62% | |
| DHR |
Danaher Corp /De/
Healthcare
|
Reduced | 554,230 | $109,881,639 | 0.60% | |
| CDNS |
Cadence Design Systems Inc
Technology
|
Reduced | 303,436 | $106,584,929 | 0.59% | |
| MFC |
Manulife Financial Corp
Financial Services
|
Reduced | 3,273,476 | $101,968,777 | 0.56% | |
| GWRE |
Guidewire Software, Inc.
Technology
|
Reduced | 439,972 | $101,131,963 | 0.56% | |
| MDLZ |
Mondelez International, Inc.
Consumer Defensive
|
Added | 1,552,357 | $96,975,741 | 0.53% | |
| INTU |
Intuit Inc.
Technology
|
NEW | 132,503 | $90,487,623 | 0.50% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.