0001123778-12-000002.txt : 20120213 0001123778-12-000002.hdr.sgml : 20120213 20120213121114 ACCESSION NUMBER: 0001123778-12-000002 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120213 DATE AS OF CHANGE: 20120213 EFFECTIVENESS DATE: 20120213 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: 12596739 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 dec2011.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: December 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 February 13, 2012 --------------------- ---------------- -------------- (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: 160 -------------------- Form 13F Information Table Value Total: 21,019,328 -------------------- (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 105,274 1,288,068 SH SOLE 1,249,611 38,457 ABB LTD-SPON ADR Common000375204 3,780 200,726 SH SOLE 200,726 0 ABBOTT LABORATORIES Common002824100 133,434 2,373,009 SH SOLE 2,202,824 170,185 ALCATEL-LUCENT-SPONSORED ADCommon013904305 5 2,955 SH SOLE 2,955 0 ALLERGAN INC Common018490102 5,797 66,070 SH SOLE 62,730 3,340 ALTRIA GROUP INC Common02209S103 17,481 589,567 SH SOLE 589,567 0 AMERICA MOVIL-ADR SERIES L Common02364W105 50,788 2,247,251 SH SOLE 2,247,251 0 AMERICAN INTERNATIONAL GROUCommon026874784 57 2,476 SH SOLE 2,476 0 ANHEUSER-BUSCH INBEV SPN ADCommon03524A108 66,232 1,085,955 SH SOLE 1,080,955 5,000 AOL INC Common00184X105 22 1,465 SH SOLE 1,465 0 APPLE INC Common037833100 1,328 3,279 SH SOLE 3,279 0 AUTOMATIC DATA PROCESSING Common053015103 90,441 1,674,520 SH SOLE 1,595,200 79,320 BANCO SANTANDER SA-SPON ADRCommon05964H105 5,572 740,987 SH SOLE 740,987 0 BANK OF MONTREAL Common063671101 18,891 344,233 SH SOLE 344,233 0 BANK OF NEW YORK MELLON CORCommon064058100 37,901 1,903,612 SH SOLE 1,787,611 116,001 BANK OF NOVA SCOTIA Common064149107 1,292,610 25,894,167 SH SOLE 22,029,856 3,864,311 BB&T CORP Common054937107 42,371 1,683,386 SH SOLE 1,621,716 61,670 BCE INC Common05534B760 542,808 13,014,219 SH SOLE 11,051,239 1,962,980 BECTON DICKINSON AND CO Common075887109 81,491 1,090,618 SH SOLE 1,048,873 41,745 BHP BILLITON LTD-SPON ADR Common088606108 49,455 700,192 SH SOLE 690,142 10,050 BP PLC-SPONS ADR Common055622104 35,552 831,810 SH SOLE 665,410 166,400 BRISTOL-MYERS SQUIBB CO Common110122108 741 21,025 SH SOLE 21,025 0 CAE INC Common124765108 256,193 26,377,027 SH SOLE 22,144,414 4,232,613 CAMECO CORP Common13321L108 198,362 10,971,346 SH SOLE 9,321,090 1,650,256 CAN IMPERIAL BK OF COMMERCECommon136069101 984 13,574 SH SOLE 13,574 0 CANADIAN NATL RAILWAY CO Common136375102 846,438 10,753,411 SH SOLE 9,143,876 1,609,535 CANADIAN NATURAL RESOURCES Common136385101 834,464 22,272,425 SH SOLE 18,774,583 3,497,842 CANON INC-SPONS ADR Common138006309 950 21,562 SH SOLE 21,562 0 CARDINAL HEALTH INC Common14149Y108 7,552 185,960 SH SOLE 185,960 0 CAREFUSION CORP Common14170T101 99 3,887 SH SOLE 3,887 0 CENOVUS ENERGY INC Common15135U109 791,953 23,837,018 SH SOLE 20,240,162 3,596,856 CHEVRON CORP Common166764100 149,663 1,406,606 SH SOLE 1,368,911 37,695 CISCO SYSTEMS INC Common17275R102 12,801 708,042 SH SOLE 708,042 0 COCA-COLA CO/THE Common191216100 11,818 168,901 SH SOLE 168,901 0 COLGATE-PALMOLIVE CO Common194162103 194,010 2,099,903 SH SOLE 1,967,403 132,500 COMCAST CORP-CLASS A A 20030N101 168 7,067 SH SOLE 7,067 0 COMCAST CORP-SPECIAL CL A A 20030N200 2,519 106,915 SH SOLE 106,915 0 COMMUNITY HEALTH SYSTEMS INCommon203668108 112 6,430 SH SOLE 6,430 0 CONAGRA FOODS INC Common205887102 31 1,175 SH SOLE 975 200 CONOCOPHILLIPS Common20825C104 2,094 28,742 SH SOLE 28,742 0 CROWN HOLDINGS INC Common228368106 34 1,000 SH SOLE 1,000 0 CVS CAREMARK CORP Common126650100 133,983 3,285,508 SH SOLE 3,056,923 228,585 DAVITA INC Common23918K108 31,305 412,934 SH SOLE 393,214 19,720 DESCARTES SYSTEMS GRP/THE Common249906108 44,058 6,128,656 SH SOLE 6,076,456 52,200 DIAGEO PLC-SPONSORED ADR Common25243Q205 80,130 916,607 SH SOLE 906,657 9,950 DIEBOLD INC Common253651103 1,450 48,211 SH SOLE 48,211 0 DR PEPPER SNAPPLE GROUP INCCommon26138E109 8 197 SH SOLE 197 0 EMERSON ELECTRIC CO Common291011104 139,965 3,004,176 SH SOLE 2,802,336 201,840 ENBRIDGE INC Common29250N105 976,162 26,095,482 SH SOLE 22,502,951 3,592,531 ENCANA CORP Common292505104 538,333 29,018,389 SH SOLE 24,512,551 4,505,838 ENERPLUS CORP Common292766102 132 5,213 SH SOLE 5,213 0 EOG RESOURCES INC Common26875P101 62,673 636,212 SH SOLE 599,242 36,970 ERICSSON (LM) TEL-SP ADR Common294821608 359 35,440 SH SOLE 35,440 0 EW SCRIPPS CO/THE-A A 811054402 7 835 SH SOLE 835 0 EXXON MOBIL CORP Common30231G102 234,233 2,763,485 SH SOLE 2,712,353 51,132 FANNIE MAE Common313586109 1 3,065 SH SOLE 3,065 0 FIFTH THIRD BANCORP Common316773100 23 1,802 SH SOLE 1,802 0 FIRST HORIZON NATIONAL CORPCommon320517105 1,848 230,961 SH SOLE 230,961 0 FISERV INC Common337738108 75,768 1,289,894 SH SOLE 1,225,194 64,700 FOMENTO ECONOMICO MEX-SP ADCommon344419106 68,058 976,302 SH SOLE 976,302 0 FRESENIUS MEDICAL CARE-ADR Common358029106 10,614 156,128 SH SOLE 146,278 9,850 GENERAL ELECTRIC CO Common369604103 115,803 6,465,833 SH SOLE 5,910,547 555,286 GILEAD SCIENCES INC Common375558103 58,243 1,422,991 SH SOLE 1,360,901 62,090 GLAXOSMITHKLINE PLC-SPON ADCommon37733W105 11,786 258,297 SH SOLE 258,297 0 GOLDCORP INC Common380956409 4,152 93,508 SH SOLE 93,508 0 HALLIBURTON CO Common406216101 45,323 1,313,338 SH SOLE 1,248,208 65,130 HARTFORD FINANCIAL SVCS GRPCommon416515104 23,974 1,475,338 SH SOLE 1,422,993 52,345 HOSPIRA INC Common441060100 545 17,931 SH SOLE 17,931 0 HSBC HOLDINGS PLC-SPONS ADRCommon404280406 19,582 513,951 SH SOLE 492,501 21,450 IMPERIAL OIL LTD Common453038408 526,945 11,821,140 SH SOLE 10,182,621 1,638,519 ING GROEP N.V.-SPONSORED ADCommon456837103 7,547 1,052,635 SH SOLE 1,010,125 42,510 INTEL CORP Common458140100 754 31,099 SH SOLE 31,099 0 INTERPUBLIC GROUP OF COS INCommon460690100 23 2,400 SH SOLE 2,400 0 INTL BUSINESS MACHINES CORPCommon459200101 102,129 555,412 SH SOLE 530,717 24,695 INTL FLAVORS & FRAGRANCES Common459506101 7,423 141,606 SH SOLE 141,606 0 JM SMUCKER CO/THE Common832696405 12 155 SH SOLE 155 0 JOHNSON & JOHNSON Common478160104 204,298 3,115,244 SH SOLE 2,956,329 158,915 JPMORGAN CHASE & CO Common46625H100 95,979 2,886,586 SH SOLE 2,603,498 283,088 KIMBERLY-CLARK CORP Common494368103 70,635 960,237 SH SOLE 940,537 19,700 KINROSS GOLD CORP Common496902404 740 64,775 SH SOLE 64,775 0 KRAFT FOODS INC-CLASS A A 50075N104 16,996 454,924 SH SOLE 454,924 0 KYOCERA CORP -SPONS ADR Common501556203 44 550 SH SOLE 550 0 LINCOLN NATIONAL CORP Common534187109 19,102 983,605 SH SOLE 918,850 64,755 LUXOTTICA GROUP SPA-SPON ADCommon55068R202 6,112 218,823 SH SOLE 218,823 0 M & T BANK CORP Common55261F104 36,526 478,470 SH SOLE 459,160 19,310 MANULIFE FINANCIAL CORP Common56501R106 559,474 52,505,429 SH SOLE 44,695,818 7,809,611 MCCORMICK & CO-NON VTG SHRSCommon579780206 1,420 28,157 SH SOLE 28,157 0 MEDCO HEALTH SOLUTIONS INC Common58405U102 614 10,982 SH SOLE 10,982 0 MEDTRONIC INC Common585055106 3,983 104,136 SH SOLE 104,136 0 MERCK & CO. INC. Common58933Y105 4,480 118,842 SH SOLE 118,842 0 METLIFE Common59156R108 66,793 2,142,185 SH SOLE 2,064,485 77,700 MICROSOFT CORP Common594918104 2,995 115,355 SH SOLE 115,355 0 MONSANTO Common61166W101 43,928 626,911 SH SOLE 598,461 28,450 MOTOROLA MOBILITY HOLDINGS Common620097105 2 56 SH SOLE 56 MOTOROLA SOLUTIONS INC Common620076307 16 349 SH SOLE 349 NATIONAL GRID PLC-SP ADR Common636274300 32,218 664,561 SH SOLE 520,561 144,000 NEENAH PAPER INC Common640079109 4 189 SH SOLE 189 0 NEXEN INC Common65334H102 454,799 28,568,752 SH SOLE 24,345,305 4,223,447 NIKE INC -CL B B 654106103 61,375 636,866 SH SOLE 615,386 21,480 NORDION INC Common65563C105 3 401 SH SOLE 401 NOVARTIS AG-ADR Common66987V109 5,245 91,752 SH SOLE 91,752 0 NOVO-NORDISK A/S-SPONS ADR Common670100205 4,983 43,235 SH SOLE 43,235 0 OPEN TEXT CORP Common683715106 46,798 912,350 SH SOLE 912,350 0 ORACLE CORP Common68389X105 68,969 2,688,865 SH SOLE 2,591,010 97,855 PENN WEST PETROLEUM LTD Common707887105 76 3,857 SH SOLE 3,857 0 PEPSICO INC Common713448108 179,086 2,699,109 SH SOLE 2,537,006 162,103 PFIZER INC Common717081103 89,765 4,148,105 SH SOLE 4,014,020 134,085 PHILIP MORRIS INTERNATIONALCommon718172109 189,399 2,413,339 SH SOLE 2,261,639 151,700 PITNEY BOWES INC Common724479100 15 800 SH SOLE 800 0 POTASH CORP OF SASKATCHEWANCommon73755L107 518,865 12,546,527 SH SOLE 10,649,009 1,897,518 PROCTER & GAMBLE CO/THE Common742718109 237,097 3,554,142 SH SOLE 3,387,197 166,945 QEP RESOURCES INC Common74733V100 22,083 753,682 SH SOLE 717,237 36,445 QUEST DIAGNOSTICS INC Common74834L100 49,712 856,211 SH SOLE 819,241 36,970 REED ELSEVIER NV-SPONS ADR Common758204200 168 7,236 SH SOLE 7,236 0 REED ELSEVIER PLC-SPONS ADRCommon758205207 3,759 116,508 SH SOLE 116,508 0 RESEARCH IN MOTION Common760975102 1,685 115,958 SH SOLE 115,958 0 ROGERS COMMUNICATIONS INC-B B 775109200 709,979 18,418,766 SH SOLE 15,572,794 2,845,972 ROYAL BANK OF CANADA Common780087102 1,670,314 32,720,223 SH SOLE 27,974,239 4,745,984 ROYAL BANK OF SCOT-SPON ADRCommon780097689 0 25 SH SOLE 25 0 ROYAL DUTCH SHELL PLC-ADR A A 780259206 70,748 967,958 SH SOLE 967,958 0 ROYAL DUTCH SHELL PLC-ADR B B 780259107 595 7,826 SH SOLE 7,826 0 SANOFI-ADR Common80105N105 10,834 296,495 SH SOLE 273,995 22,500 SAP AG-SPONSORED ADR Common803054204 32,060 605,474 SH SOLE 587,574 17,900 SCHLUMBERGER LTD Common806857108 17,162 251,235 SH SOLE 237,215 14,020 SCRIPPS NETWORKS INTER-CL A A 811065101 49,283 1,161,796 SH SOLE 1,119,126 42,670 SHAW COMMUNICATIONS INC-B B 82028K200 548,457 27,578,602 SH SOLE 23,674,068 3,904,534 SIEMENS AG-SPONS ADR Common826197501 12,453 130,252 SH SOLE 121,352 8,900 SMITH & NEPHEW PLC -SPON ADCommon83175M205 10,469 217,434 SH SOLE 208,084 9,350 SONY CORP-SPONSORED ADR Common835699307 70 3,900 SH SOLE 3,900 0 SPECTRA ENERGY CORP Common847560109 58,964 1,917,532 SH SOLE 1,846,682 70,850 STANTEC INC Common85472N109 49,009 1,810,080 SH SOLE 1,715,165 94,915 SUN LIFE FINANCIAL INC Common866796105 6,019 324,267 SH SOLE 324,267 0 SUNCOR ENERGY INC Common867224107 595,977 20,655,344 SH SOLE 17,496,978 3,158,366 TALISMAN ENERGY INC Common87425E103 690,040 54,132,026 SH SOLE 45,984,831 8,147,195 TATA MOTORS LTD-SPON ADR Common876568502 733 43,350 SH SOLE 43,350 0 TELUS CORPORATION -NON VOTECommon87971M202 61,265 1,141,712 SH SOLE 955,662 186,050 TEXAS INSTRUMENTS INC Common882508104 61,075 2,098,073 SH SOLE 2,001,053 97,020 THOMSON REUTERS CORP Common884903105 618,053 23,111,726 SH SOLE 19,630,982 3,480,744 TIM HORTONS INC Common88706M103 352,332 7,268,271 SH SOLE 6,310,575 957,696 TIME WARNER CABLE Common88732J207 60,266 948,033 SH SOLE 907,564 40,469 TIME WARNER INC Common887317303 756 20,916 SH SOLE 20,916 0 TORONTO-DOMINION BANK Common891160509 1,548,383 20,666,415 SH SOLE 17,552,704 3,113,711 TOTAL SA-SPON ADR Common89151E109 25,443 497,799 SH SOLE 484,349 13,450 TOYOTA MOTOR CORP -SPON ADRCommon892331307 4,448 67,254 SH SOLE 62,254 5,000 TRANSCANADA CORP Common89353D107 908,247 20,768,533 SH SOLE 17,862,651 2,905,882 TRANSOCEAN LTD CommonH8817H100 8,823 229,827 SH SOLE 216,402 13,425 TYCO INTERNATIONAL LTD CommonH89128104 12 250 SH SOLE 250 0 UNILEVER N V -NY SHARES Common904784709 2,114 61,510 SH SOLE 61,510 0 UNILEVER PLC-SPONSORED ADR Common904767704 207 6,179 SH SOLE 6,179 0 US BANCORP Common902973304 83,197 3,075,674 SH SOLE 2,981,879 93,795 VEOLIA ENVIRONNEMENT-ADR Common92334N103 390 35,266 SH SOLE 35,266 0 VERISK ANALYTICS A A 92345Y106 62,822 1,565,459 SH SOLE 1,495,564 69,895 VODAFONE GROUP PLC-SP ADR Common92857W209 76,140 2,716,389 SH SOLE 2,471,389 245,000 WALGREEN CO Common931422109 107,311 3,245,936 SH SOLE 3,150,146 95,790 WAL-MART STORES INC Common931142103 1,227 20,529 SH SOLE 20,329 200 WALT DISNEY CO/THE Common254687106 639 17,042 SH SOLE 17,042 0 WASHINGTON POST-CLASS B B 939640108 969 2,571 SH SOLE 2,571 0 WELLS FARGO & CO Common949746101 111,804 4,056,763 SH SOLE 3,943,547 113,216 XEROX CORP Common984121103 0 1 SH SOLE 1 0 ZIMMER HOLDINGS INC Common98956P102 74,374 1,392,245 SH SOLE 1,346,830 45,415