13F-HR 1 jun2010.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: June 30, 2010 ------------------- 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 July 12, 2010 --------------------- ---------------- -------------- (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: 156 -------------------- Form 13F Information Table Value Total: 23,162,004 -------------------- (thousands) List of Other Included Managers: NONE VOTING AUTHORITY NAME OF ISSUER Title Cusip VALUE (x$1000) Shares/PRN SH/PRPUT/INVESTMNT OTHER SOLE SHARED NONE 3M CO Common88579Y101 117,586 1,488,614 SH SOLE 1,447,982 40,632 ABB LTD-ADR Common000375204 7,495 433,743 SH SOLE 411,743 22,000 ABBOTT LABS Common002824100 122,679 2,622,460 SH SOLE 2,473,450 149,010 ALCATEL-LUCE-ADR Common013904305 14 5,610 SH SOLE 5,610 0 ALTRIA GROUP INC Common02209S103 16,730 834,845 SH SOLE 834,845 0 AMERICA MOVIL-ADR L Common02364W105 49,587 1,043,934 SH SOLE 1,043,934 0 AMERICAN INTERNATL Common026874784 127 3,699 SH SOLE 3,699 0 AOL INC Common00184X105 57 2,739 SH SOLE 2,738 1 APPLE INC Common037833100 64,824 257,720 SH SOLE 247,720 10,000 AUTOMATIC DATA Common053015103 60,001 1,490,333 SH SOLE 1,416,603 73,730 BANCO SANTAN-ADR Common05964H105 12,413 1,182,190 SH SOLE 1,182,190 0 BANK NY MELLON Common064058100 68,198 2,762,160 SH SOLE 2,550,857 211,303 BANK OF MONTREAL Common063671101 442,198 8,138,243 SH SOLE 6,837,605 1,300,638 BANK OF NOVA SCOTIA Common064149107 1,483,954 32,149,320 SH SOLE 27,289,403 4,859,917 BB&T CORP Common054937107 9,700 368,685 SH SOLE 368,685 0 BCE INC Common05534B760 7,836 268,079 SH SOLE 268,079 0 BECKMAN COULTER Common075811109 27,565 457,211 SH SOLE 435,351 21,860 BECTON DICKINSON Common075887109 76,244 1,127,536 SH SOLE 1,082,716 44,820 BHP BILLITON-ADR Common088606108 49,407 797,020 SH SOLE 785,020 12,000 BP PLC-ADR Common055622104 29,905 1,035,491 SH SOLE 928,091 107,400 BRISTOL-MYERS SQUIBB Common110122108 620 24,875 SH SOLE 24,875 0 CAE INC Common124765108 278,549 32,069,335 SH SOLE 26,950,894 5,118,441 CAMECO CORP Common13321L108 180,902 8,490,957 SH SOLE 7,287,152 1,203,805 CAN NATL RAILWAY Common136375102 746,685 13,005,492 SH SOLE 10,991,325 2,014,167 CAN NATURAL RESOURCES Common136385101 665,044 20,003,071 SH SOLE 17,034,765 2,968,306 CANON INC-ADR Common138006309 1,135 30,427 SH SOLE 30,427 0 CARDINAL HEALTH Common14149Y108 7,798 232,012 SH SOLE 232,012 0 CAREFUSION CORP Common14170T101 2,654 116,926 SH SOLE 116,926 0 CDN IMPERIAL BK OF COMMERCECommon136069101 2,463 39,572 SH SOLE 39,572 0 CEMEX SAB-SP ADR Common151290889 59 6,106 SH SOLE 6,106 0 CENOVUS ENERGY Common15135U109 683,759 26,518,116 SH SOLE 22,510,296 4,007,820 CHEVRON CORP Common166764100 140,278 2,067,161 SH SOLE 2,013,961 53,200 CISCO SYSTEMS Common17275R102 123,209 5,781,728 SH SOLE 5,453,393 328,335 COCA-COLA CO Common191216100 9,489 189,331 SH SOLE 189,331 0 COLGATE-PALMOLIV Common194162103 173,592 2,204,066 SH SOLE 2,140,866 63,200 COMCAST CORP-A A 20030N101 286 16,479 SH SOLE 16,479 0 COMCAST CORP-SPL A A 20030N200 35,617 2,167,789 SH SOLE 2,067,679 100,110 COMMUNITY HEALTH Common203668108 14,738 435,912 SH SOLE 435,912 0 CONAGRA FOODS Common205887102 92 3,925 SH SOLE 3,725 200 CONOCOPHILLIPS Common20825C104 1,785 36,357 SH SOLE 36,357 0 CORUS ENT INC-B B 220874101 134,975 7,637,444 SH SOLE 7,082,162 555,282 CROWN HOLDINGS Common228368106 30 1,200 SH SOLE 1,200 0 CVS CAREMARK CORP Common126650100 118,224 4,032,185 SH SOLE 3,859,775 172,410 DESCARTES SYSTEMS Common249906108 32,491 6,046,626 SH SOLE 6,046,626 0 DIAGEO PLC-ADR Common25243Q205 68,985 1,099,538 SH SOLE 1,083,538 16,000 DIEBOLD INC Common253651103 2,325 85,328 SH SOLE 85,328 0 DR PEPPER SNAPPLE Common26138E109 7 197 SH SOLE 197 0 EMERSON ELEC CO Common291011104 140,896 3,224,907 SH SOLE 3,040,807 184,100 ENBRIDGE INC Common29250N105 768,393 16,469,002 SH SOLE 14,332,247 2,136,755 ENCANA CORP Common292505104 564,409 18,603,252 SH SOLE 15,833,687 2,769,565 ENERPLUS RESOURCES Common29274D604 155 7,175 SH SOLE 7,175 0 EOG RESOURCES Common26875P101 53,224 541,055 SH SOLE 512,025 29,030 ERICSSON LM-ADR Common294821608 967 87,790 SH SOLE 87,790 0 EW SCRIPPS-CL A A 811054402 11 1,465 SH SOLE 1,465 0 EXXON MOBIL CORP Common30231G102 186,239 3,263,339 SH SOLE 3,202,407 60,932 FANNIE MAE Common313586109 3 8,690 SH SOLE 8,690 0 FIFTH THIRD BANC Common316773100 31 2,502 SH SOLE 2,502 0 FIRST HORIZON NATL Common320517105 2,019 176,339 SH SOLE 176,339 0 FISERV INC Common337738108 71,455 1,564,933 SH SOLE 1,498,683 66,250 FOMENTO ECON-ADR Common344419106 52,230 1,210,439 SH SOLE 1,210,439 0 FRESENIUS ME-ADR Common358029106 13,670 254,619 SH SOLE 240,619 14,000 GENERAL ELECTRIC Common369604103 73,945 5,127,980 SH SOLE 4,782,080 345,900 GERDAU AMERISTEEL Common37373P105 18,038 1,655,300 SH SOLE 1,655,300 GILEAD SCIENCES Common375558103 19,221 560,700 SH SOLE 532,150 28,550 GLAXOSMITHKLINE-ADR Common37733W105 12,750 374,902 SH SOLE 374,902 0 GOLDCORP INC Common380956409 571,980 13,040,435 SH SOLE 10,908,679 2,131,756 HALLIBURTON CO Common406216101 53,624 2,184,282 SH SOLE 2,085,542 98,740 HARTFORD FINL SV Common416515104 40,702 1,839,244 SH SOLE 1,793,624 45,620 HOSPIRA INC Common441060100 1,086 18,911 SH SOLE 18,911 0 HSBC HOLDING-ADR Common404280406 25,028 548,987 SH SOLE 528,987 20,000 IMPERIAL OIL Common453038408 608,753 16,681,056 SH SOLE 14,578,374 2,102,682 ING GROEP-ADR Common456837103 11,792 1,591,350 SH SOLE 1,517,930 73,420 INTEL CORP Common458140100 628 32,275 SH SOLE 32,275 0 INTERPUBLIC GROUP Common460690100 19 2,600 SH SOLE 2,600 0 INTL FLVR & FRAG Common459506101 7,067 166,606 SH SOLE 166,606 0 JM SMUCKER CO Common832696405 16 267 SH SOLE 267 0 JOHNSON&JOHNSON Common478160104 204,528 3,463,051 SH SOLE 3,312,041 151,010 JPMORGAN CHASE Common46625H100 86,439 2,361,072 SH SOLE 2,295,392 65,680 KIMBERLY-CLARK Common494368103 82,814 1,365,897 SH SOLE 1,346,597 19,300 KINROSS GOLD Common496902404 337,528 19,707,391 SH SOLE 16,602,197 3,105,194 KRAFT FOODS INC Common50075N104 13,206 471,641 SH SOLE 471,641 0 KYOCERA CORP-ADR Common501556203 44 550 SH SOLE 550 0 LINCOLN NATL CORP Common534187109 29,470 1,213,257 SH SOLE 1,157,527 55,730 LUXOTTICA GR-ADR Common55068R202 16,857 699,738 SH SOLE 699,738 0 M&T BANK CORP Common55261F104 46,740 550,208 SH SOLE 527,248 22,960 MANULIFE FINANCIAL Common56501R106 772,344 53,121,759 SH SOLE 45,450,655 7,671,104 MCCORMICK-N/V Common579780206 52,449 1,381,680 SH SOLE 1,298,450 83,230 MDS INC Common55269P302 3 401 SH SOLE 401 0 MEDCO HEALTH SOLN Common58405U102 857 15,568 SH SOLE 15,568 0 MEDTRONIC INC Common585055106 7,099 195,717 SH SOLE 195,717 0 MERCK & CO Common58933Y105 4,468 127,762 SH SOLE 127,762 0 METLIFE Common59156R108 73,999 1,959,716 SH SOLE 1,903,586 56,130 MICROSOFT CORP Common594918104 3,674 159,657 SH SOLE 159,657 0 MONSANTO Common61166W101 52,813 1,142,650 SH SOLE 1,088,870 53,780 MOTOROLA INC Common620076109 32 4,900 SH SOLE 4,900 0 NATIONAL GRID-ADR Common636274300 7,251 196,875 SH SOLE 196,875 0 NEENAH PAPER INC Common640079109 7 357 SH SOLE 357 0 NEXEN INC Common65334H102 796,327 40,411,520 SH SOLE 34,873,777 5,537,743 NIKE INC -CL B B 654106103 73,295 1,085,046 SH SOLE 1,053,351 31,695 NOVARTIS AG-ADR Common66987V109 6,015 124,490 SH SOLE 124,490 0 NOVO-NORDISK-ADR Common670100205 3,898 48,115 SH SOLE 48,115 0 PENN WEST ENERGY Common707885109 368 19,261 SH SOLE 19,261 0 PEPSICO INC Common713448108 181,258 2,973,877 SH SOLE 2,810,467 163,410 PFIZER INC Common717081103 73,326 5,142,054 SH SOLE 5,006,694 135,360 PHILIP MORRIS Common718172109 112,810 2,460,952 SH SOLE 2,297,842 163,110 PITNEY BOWES INC Common724479100 9 400 SH SOLE 400 0 POTASH CORP SASK Common73755L107 760,868 8,818,148 SH SOLE 7,410,475 1,407,673 PROCTER & GAMBLE Common742718109 241,827 4,031,796 SH SOLE 3,871,951 159,845 QUEST DIAGNOSTIC Common74834L100 50,609 1,016,864 SH SOLE 980,094 36,770 REED ELSEVIER-ADR Common758204200 159 7,236 SH SOLE 7,236 0 REED ELSEVIER-ADR Common758205207 6,486 221,361 SH SOLE 221,361 0 RESEARCH IN MOTION Common760975102 527,982 10,721,581 SH SOLE 8,944,936 1,776,645 ROGERS COMM B B 775109200 465,674 14,227,974 SH SOLE 12,146,096 2,081,878 ROYAL BANK OF CAN Common780087102 1,779,721 37,302,174 SH SOLE 31,837,335 5,464,839 ROYAL BANK SCOTLAND ADR Common780097689 0 25 SH SOLE 25 0 ROYAL DUTCH-ADR A A 780259206 81,006 1,613,022 SH SOLE 1,584,632 28,390 ROYAL DUTCH-ADR B B 780259107 385 7,965 SH SOLE 7,965 0 SANOFI-AVENTIS-ADR Common80105N105 89 2,977 SH SOLE 2,977 0 SAP AG-SPONS ADR Common803054204 31,234 705,067 SH SOLE 685,067 20,000 SCRIPPS NET-CL A A 811065101 42,033 1,041,976 SH SOLE 1,017,591 24,385 SHAW COMM-B B 82028K200 617,938 34,254,132 SH SOLE 29,534,908 4,719,224 SIEMENS AG-ADR Common826197501 12,256 136,894 SH SOLE 126,894 10,000 SK TELECOM-ADR Common78440P108 65 4,406 SH SOLE 4,406 0 SMITH & NEPHEW-ADR Common83175M205 20,558 437,407 SH SOLE 419,407 18,000 SONY CORP-ADR Common835699307 318 11,930 SH SOLE 11,930 0 SPECTRA ENERGY Common847560109 47,410 2,362,219 SH SOLE 2,291,069 71,150 STANTEC INC Common85472N109 33,968 1,530,780 SH SOLE 1,437,040 93,740 SUN LIFE FINANCIAL Common866796105 9,867 375,005 SH SOLE 375,005 0 SUNCOR ENERGY Common867224107 830,715 28,176,173 SH SOLE 23,956,943 4,219,230 TALISMAN ENERGY Common87425E103 1,004,341 66,289,645 SH SOLE 56,652,506 9,637,139 TATA MOTORS-ADR Common876568502 1,750 101,825 SH SOLE 101,825 0 TEXAS INSTRUMENT Common882508104 61,181 2,628,060 SH SOLE 2,531,540 96,520 THOMSON REUTERS Common884903105 1,013,694 28,273,021 SH SOLE 24,113,237 4,159,784 TIM HORTONS INC Common88706M103 231,065 7,204,842 SH SOLE 6,358,667 846,175 TIME WARNER CABLE Common88732J207 13,872 266,353 SH SOLE 257,648 8,705 TIME WARNER INC Common887317303 41,596 1,438,821 SH SOLE 1,244,020 194,801 TORONTO-DOM BANK Common891160509 1,427,253 21,987,109 SH SOLE 18,790,601 3,196,508 TOTAL SA-SP ADR Common89151E109 40,027 896,666 SH SOLE 881,666 15,000 TOYOTA MOTOR-ADR Common892331307 1,415 20,638 SH SOLE 20,638 0 TRANSCANADA CORP Common89353D107 830,387 24,779,869 SH SOLE 21,349,969 3,429,900 TRANSOCEAN LTD CommonH8817H100 13,114 283,062 SH SOLE 269,912 13,150 TYCO ELECTRONICS CommonH8912P106 4 151 SH SOLE 150 1 TYCO INTL LTD CommonH89128104 17,593 499,374 SH SOLE 471,327 28,047 UNILEVER NV-NYS Common904784709 1,979 72,444 SH SOLE 72,444 0 UNILEVER PLC-ADR Common904767704 157 5,879 SH SOLE 5,879 0 US BANCORP Common902973304 63,999 2,863,471 SH SOLE 2,769,181 94,290 VEOLIA ENVI-ADR Common92334N103 4,912 210,168 SH SOLE 182,168 28,000 VERISK ANALYTICS A A 92345Y106 19,992 668,640 SH SOLE 640,080 28,560 VODAFONE GRP-ADR Common92857W209 82,349 3,984,006 SH SOLE 3,734,206 249,800 WALGREEN CO Common931422109 90,149 3,376,366 SH SOLE 3,301,056 75,310 WAL-MART STORES Common931142103 1,939 40,345 SH SOLE 40,145 200 WALT DISNEY CO Common254687106 1,083 34,381 SH SOLE 34,381 0 WASHINGTON POST-B B 939640108 22,197 54,076 SH SOLE 52,916 1,160 WELLS FARGO & CO Common949746101 118,598 4,632,719 SH SOLE 4,497,576 135,143 XEROX CORP Common984121103 5 601 SH SOLE 601 0 ZIMMER HLDGS Common98956P102 85,589 1,583,517 SH SOLE 1,541,072 42,445