0001123778-11-000009.txt : 20110412 0001123778-11-000009.hdr.sgml : 20110412 20110412103737 ACCESSION NUMBER: 0001123778-11-000009 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110412 DATE AS OF CHANGE: 20110412 EFFECTIVENESS DATE: 20110412 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JARISLOWSKY , FRASER Ltd CENTRAL INDEX KEY: 0001123778 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-06075 FILM NUMBER: 11754055 BUSINESS ADDRESS: STREET 1: 1010 SHERBROOKE ST WEST STREET 2: 20TH FLOOR CITY: MONTREAL QUEBEC STATE: A8 ZIP: H3A 2R7 BUSINESS PHONE: 5148422727 MAIL ADDRESS: STREET 1: 1010 SHERBROOKE ST WEST STREET 2: 20TH FLOOR CITY: MONTREAL QUEBEC STATE: A8 ZIP: H3A 2R7 FORMER COMPANY: FORMER CONFORMED NAME: JARISLOWSKY FRASER LTD DATE OF NAME CHANGE: 20000925 13F-HR 1 mar2011.txt 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calender Year or Quarter Ended: March 31, 2011 ------------------- Check here if Amendment [ ]; Amendment Number: -------- This Amendment (Check only one): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Jarislowsky, Fraser Limited ------------------------------------ Address: 1010 Sherbrooke St. West, 20th Floor ------------------------------------ Montreal, Quebec ------------------------------------ Canada H3A 2R7 ------------------------------------ Form 13F File Number: 28-67075 -------------- The insitutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herin is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this submission. Person Signing this Report on Behalf of Reporting Manager: Name: Erin P. O'Brien, CFA ------------------------------------ Title: Partner & C.F.O. ------------------------------------ Phone: 514-842-2727 ------------------------------------ Signature, Place, and Date of Signing: /s/ Erin O'Brien Montreal, Quebec April 12, 2011 --------------------- ---------------- -------------- (Signature) (City, State) (Date) Report Type (Check only one.): (X) 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) ( ) 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) ( ) 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 -------------------- Form 13F Information Table Entry Total: 157 -------------------- Form 13F Information Table Value Total: 26,796,746 -------------------- (thousands) List of Other Included Managers: NONE VOTING AUTHORITY NAME OF ISSUER Title Cusip VALUE (x$1000) Shares/PRN ASH/PRPUT/INVESTMNT OTHER SOLE SHARED NONE 3M Co Common88579Y101 129,822 1,388,471 SH SOLE 1,351,914 36,557 ABB Ltd Common000375204 6,706 277,222 SH SOLE 258,072 19,150 Abbott Laboratories Common002824100 128,328 2,616,261 SH SOLE 2,427,126 189,135 Alcatel-Lucent ADR Common013904305 29 4,955 SH SOLE 4,955 Altria Group Inc Common02209S103 16,051 616,622 SH SOLE 616,622 America Movil SAB de CV Common02364W105 52,759 908,073 SH SOLE 908,073 0 American International GrouCommon026874784 117 3,332 SH SOLE 3,332 Anheuser-Busch InBev NV Common03524A108 49,714 869,590 SH SOLE 869,590 0 AOL Inc Common00184X105 45 2,324 SH SOLE 2,324 0 Apple Inc Common037833100 83,067 238,351 SH SOLE 227,276 11,075 Automatic Data Processing ICommon053015103 78,383 1,527,634 SH SOLE 1,464,779 62,855 Banco Santander SA Common05964H105 11,861 1,012,854 SH SOLE 1,012,854 0 Bank of Montreal Common063671101 410,025 6,692,785 SH SOLE 5,528,017 1,164,768 Bank of New York Mellon CorCommon064058100 63,911 2,139,643 SH SOLE 2,034,092 105,551 Bank of Nova Scotia Common064149107 1,722,936 29,773,098 SH SOLE 24,801,371 4,971,727 BB&T Corp Common054937107 40,668 1,482,060 SH SOLE 1,482,060 BCE Inc Common05534B760 8,726 254,689 SH SOLE 254,689 0 Beckman Coulter Inc Common075811109 17 200 SH SOLE 200 0 Becton Dickinson and Co Common075887109 85,856 1,078,325 SH SOLE 1,039,180 39,145 BHP Billiton Ltd Common088606108 64,709 674,900 SH SOLE 666,300 8,600 BP PLC Common055622104 37,722 854,596 SH SOLE 747,196 107,400 Bristol-Myers Squibb Co Common110122108 634 24,000 SH SOLE 24,000 CAE Inc Common124765108 367,604 29,340,209 SH SOLE 24,147,005 5,193,204 Cameco Corp Common13321L108 215,659 7,602,899 SH SOLE 6,371,374 1,231,525 Canadian Imperial Bank of CCommon136069101 2,674 32,885 SH SOLE 32,885 0 Canadian National Railway CCommon136375102 854,913 12,014,524 SH SOLE 9,931,997 2,082,527 Canadian Natural Resources Common136385101 982,738 21,113,227 SH SOLE 17,551,061 3,562,166 Canon Inc Common138006309 975 22,502 SH SOLE 22,502 Cardinal Health Inc Common14149Y108 8,689 211,262 SH SOLE 211,262 CareFusion Corp Common14170T101 515 18,249 SH SOLE 18,249 0 Cemex SAB de CV Common151290889 14 1,529 SH SOLE 1,529 Cenovus Energy Inc Common15135U109 949,919 25,496,843 SH SOLE 21,294,363 4,202,480 Chevron Corp Common166764100 178,197 1,657,802 SH SOLE 1,615,042 42,760 Cisco Systems Inc Common17275R102 90,287 5,264,520 SH SOLE 5,100,110 164,410 Coca-Cola Company Common191216100 12,053 181,679 SH SOLE 181,679 0 Colgate-Palmolive Co Common194162103 182,379 2,258,283 SH SOLE 2,125,983 132,300 Comcast Corp Common20030N200 45,134 1,943,764 SH SOLE 1,844,254 99,510 Comcast Corp A A 20030N101 364 14,714 SH SOLE 14,714 Community Health Systems InCommon203668108 404 10,097 SH SOLE 10,097 0 ConAgra Foods Inc Common205887102 53 2,225 SH SOLE 2,025 200 ConocoPhillips Common20825C104 2,473 30,962 SH SOLE 30,962 0 Crown Holdings Inc Common228368106 46 1,200 SH SOLE 1,200 CVS Caremark Corp Common126650100 124,971 3,641,352 SH SOLE 3,444,692 196,660 Descartes Systems Group IncCommon249906108 37,647 6,066,106 SH SOLE 6,066,106 0 Diageo PLC Common25243Q205 75,310 988,066 SH SOLE 979,566 8,500 Diebold Inc Common253651103 1,763 49,723 SH SOLE 49,723 Dr Pepper Snapple Group IncCommon26138E109 7 197 SH SOLE 197 Emerson Electric Co Common291011104 173,163 2,963,591 SH SOLE 2,783,541 180,050 Enbridge Inc Common29250N105 863,713 14,942,919 SH SOLE 12,726,929 2,215,990 Encana Corp Common292505104 850,929 26,089,071 SH SOLE 21,636,341 4,452,730 Enerplus Corp Common292766102 156 5,213 SH SOLE 5,213 EOG Resources Inc Common26875P101 75,951 640,886 SH SOLE 607,066 33,820 EW Scripps Co A A 811054402 11 1,066 SH SOLE 1,066 0 Exxon Mobil Corp Common30231G102 252,054 2,996,004 SH SOLE 2,948,247 47,757 Federal National Mortgage ACommon313586109 2 4,190 SH SOLE 4,190 Fifth Third Bancorp Common316773100 35 2,502 SH SOLE 2,502 0 First Horizon National CorpCommon320517105 2,190 195,385 SH SOLE 195,385 Fiserv Inc Common337738108 86,861 1,384,898 SH SOLE 1,324,423 60,475 Fluor Corp Common343412102 18,434 250,260 SH SOLE 239,510 10,750 Fomento Economico Mexicano Common344419106 62,859 1,070,849 SH SOLE 1,070,849 0 Fresenius Medical Care AG &Common358029106 12,427 184,044 SH SOLE 174,794 9,250 General Electric Co Common369604103 97,359 4,855,829 SH SOLE 4,460,279 395,550 Gilead Sciences Inc Common375558103 37,668 886,932 SH SOLE 852,357 34,575 GlaxoSmithKline PLC Common37733W105 11,272 293,458 SH SOLE 293,458 0 Goldcorp Inc Common380956409 8,812 187,394 SH SOLE 187,394 0 Halliburton Co Common406216101 98,221 1,970,735 SH SOLE 1,882,595 88,140 Hartford Financial ServicesCommon416515104 44,346 1,646,704 SH SOLE 1,601,359 45,345 Hospira Inc Common441060100 1,028 18,631 SH SOLE 18,631 HSBC Holdings PLC Common404280406 26,263 507,005 SH SOLE 490,155 16,850 Imperial Oil Ltd Common453038408 714,049 14,817,361 SH SOLE 12,642,069 2,175,292 ING Groep NV Common456837103 15,498 1,219,316 SH SOLE 1,151,806 67,510 Intel Corp Common458140100 604 29,955 SH SOLE 29,955 International Business MachCommon459200101 64,857 397,727 SH SOLE 382,197 15,530 International Flavors & FraCommon459506101 9,102 146,106 SH SOLE 146,106 Interpublic Group of Cos InCommon460690100 33 2,600 SH SOLE 2,600 JM Smucker Co Common832696405 17 244 SH SOLE 244 Johnson & Johnson Common478160104 194,998 3,291,111 SH SOLE 3,128,821 162,290 JPMorgan Chase & Co Common46625H100 134,684 2,921,572 SH SOLE 2,722,762 198,810 Kimberly-Clark Corp Common494368103 71,289 1,092,219 SH SOLE 1,073,019 19,200 Kinross Gold Corp Common496902404 268,863 18,088,630 SH SOLE 14,938,971 3,149,659 Kraft Foods Inc Common50075N104 15,283 487,326 SH SOLE 487,326 0 Kyocera Corp Common501556203 56 550 SH SOLE 550 Lincoln National Corp Common534187109 32,743 1,089,964 SH SOLE 1,034,559 55,405 Luxottica Group Spa Common55068R202 16,254 495,853 SH SOLE 495,853 0 M&T Bank Corp Common55261F104 44,569 503,778 SH SOLE 480,918 22,860 Manulife Financial Corp Common56501R106 973,996 58,376,912 SH SOLE 48,737,710 9,639,203 McCormick & Co Inc Common579780206 3,098 64,779 SH SOLE 64,779 0 Medco Health Solutions Inc Common58405U102 660 11,750 SH SOLE 11,750 Medtronic Inc Common585055106 6,415 163,036 SH SOLE 163,036 0 Merck & Co Inc Common58933Y105 4,136 125,284 SH SOLE 125,284 Metlife Common59156R108 95,398 2,132,757 SH SOLE 2,064,132 68,625 Microsoft Corp Common594918104 3,417 134,595 SH SOLE 134,595 Monsanto Common61166W101 73,368 1,015,338 SH SOLE 965,933 49,405 Motorola Mobility Holdings Common620097105 13 549 SH SOLE 549 Motorola Solutions Inc Common620076307 28 627 SH SOLE 627 National Grid PLC Common636274300 28,858 600,711 SH SOLE 480,711 120,000 Neenah Paper Inc Common640079109 4 189 SH SOLE 189 Nexen Inc Common65334H102 875,610 37,241,973 SH SOLE 31,575,990 5,665,983 NIKE Inc B B 654106103 76,891 1,015,738 SH SOLE 984,218 31,520 Nordion Inc Common65563C105 4 401 SH SOLE 401 Novartis AG Common66987V109 5,999 110,377 SH SOLE 110,377 Novo Nordisk A/S Common670100205 5,607 44,775 SH SOLE 44,775 Oracle Corp Common68389X105 36,512 1,092,107 SH SOLE 1,055,032 37,075 Penn West Petroleum Ltd Common707887105 148 5,644 SH SOLE 5,644 0 PepsiCo Inc Common713448108 181,271 2,814,335 SH SOLE 2,661,532 152,803 Pfizer Inc Common717081103 91,962 4,527,908 SH SOLE 4,395,748 132,160 Philip Morris InternationalCommon718172109 169,426 2,581,528 SH SOLE 2,411,978 169,550 Pitney Bowes Inc Common724479100 10 400 SH SOLE 400 Potash Corp of SaskatchewanCommon73755L107 780,394 14,030,358 SH SOLE 11,569,149 2,461,209 Procter & Gamble Co Common742718109 231,776 3,762,600 SH SOLE 3,600,505 162,095 Quest Diagnostics Inc Common74834L100 52,575 910,859 SH SOLE 874,289 36,570 Reed Elsevier NV Common758204200 187 7,236 SH SOLE 7,236 Reed Elsevier PLC Common758205207 5,021 144,961 SH SOLE 144,961 0 Research In Motion Ltd Common760975102 544,494 10,208,767 SH SOLE 8,352,167 1,856,600 Rogers Communications B B 775109200 694,604 20,262,836 SH SOLE 16,722,832 3,540,004 Royal Bank of Canada Common780087102 2,152,075 36,878,843 SH SOLE 30,821,019 6,057,824 Royal Bank of Scotland GrouCommon780097689 0 25 SH SOLE 25 Royal Dutch Shell PLC A 780259206 110,511 1,516,761 SH SOLE 1,488,496 28,265 Royal Dutch Shell PLC B 780259107 571 7,799 SH SOLE 7,799 Sanofi-Aventis SA Common80105N105 25 711 SH SOLE 711 SAP AG Common803054204 36,639 597,109 SH SOLE 582,709 14,400 Scripps Networks Interactiv A 811065101 46,406 926,447 SH SOLE 902,162 24,285 Shaw Communications B B 82028K200 622,437 31,304,966 SH SOLE 26,397,778 4,907,188 Siemens AG Common826197501 13,699 99,744 SH SOLE 92,544 7,200 Smith & Nephew PLC Common83175M205 16,654 295,227 SH SOLE 282,227 13,000 Sony Corp Common835699307 166 5,230 SH SOLE 5,230 Spectra Energy Corp Common847560109 57,439 2,113,297 SH SOLE 2,051,822 61,475 Stantec Inc Common85472N109 45,477 1,611,005 SH SOLE 1,509,940 101,065 Sun Life Financial Inc Common866796105 10,954 369,584 SH SOLE 369,584 0 Suncor Energy Inc Common867224107 970,513 22,946,192 SH SOLE 19,178,352 3,767,840 Talisman Energy Inc Common87425E103 1,418,722 60,845,440 SH SOLE 50,953,443 9,891,997 Tata Motors Ltd Common876568502 2,222 79,950 SH SOLE 79,950 0 Ericsson ADR Common294821608 872 67,840 SH SOLE 67,840 Texas Instruments Inc Common882508104 79,960 2,313,651 SH SOLE 2,217,731 95,920 Thomson Reuters Corp Common884903105 952,254 25,727,468 SH SOLE 21,398,910 4,328,558 Tim Hortons Inc Common88706M103 324,793 7,593,633 SH SOLE 6,526,953 1,066,680 Time Warner Cable Inc Common88732J207 18,504 259,372 SH SOLE 250,668 8,704 Time Warner Inc Common887317303 1,368 38,319 SH SOLE 38,319 0 Toronto-Dominion Bank Common891160509 1,982,852 23,757,551 SH SOLE 19,823,673 3,933,878 Total SA Common89151E109 32,635 535,263 SH SOLE 524,463 10,800 Toyota Motor Corp Common892331307 3,795 47,290 SH SOLE 42,990 4,300 TransCanada Corp Common89353D107 899,054 23,511,575 SH SOLE 19,860,919 3,650,656 Transocean Ltd CommonH8817H100 20,041 257,097 SH SOLE 243,997 13,100 Tyco International Ltd CommonH89128104 11 250 SH SOLE 250 0 Unilever NV Common904784709 2,173 69,294 SH SOLE 69,294 Unilever PLC Common904767704 180 5,879 SH SOLE 5,879 US Bancorp Common902973304 85,600 3,238,737 SH SOLE 3,130,492 108,245 Veolia Environnement SA Common92334N103 4,270 137,003 SH SOLE 116,803 20,200 Verisk Analytics A A 92345Y106 31,357 957,160 SH SOLE 907,845 49,315 Vodafone Group PLC Common92857W209 102,629 3,569,694 SH SOLE 3,311,694 258,000 Walgreen Co Common931422109 125,540 3,127,555 SH SOLE 3,052,745 74,810 Wal-Mart Stores Inc Common931142103 1,856 35,658 SH SOLE 35,458 200 Walt Disney Co Common254687106 961 22,292 SH SOLE 22,292 Washington Post Co Common939640108 20,417 46,661 SH SOLE 45,501 1,160 Wells Fargo & Co Common949746101 139,487 4,398,828 SH SOLE 4,274,837 123,991 Xerox Corp Common984121103 0 1 1 Zimmer Holdings Inc Common98956P102 86,214 1,424,326 1,382,106 42,220