Canadian National Railway Co
CNI- Exchange
- NYSE
- Industry
- Railroads, Line-Haul Operating
- SEC CIK
- 0000016868
No open-market purchases or sales by Canadian National Railway Co insiders were filed in the last 90 days; 848 institutions reported holding it in 13F filings for Q2 2026, worth $49.6B in total; 5 superinvestors hold it, including Gates Foundation Trust and TCI Fund Management.
13F holders, Q2 2026
Institutional positions in Canadian National Railway Co as of Jun 30, 2026. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 848
- +28 vs. Q1 2026
- Shares held
- 404.2M
- +3.21M (+0.8%) vs. Q1 2026
- Total value
- $49.6B
- +$7.70B (+18.4%) vs. Q1 2026
- New holders
- 88
- 303 more added
- Sold out
- 60
- 261 more reduced
10 institutions that held it in Q1 2026 haven't filed for Q2 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q1 2026: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting CNI on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 848 | $49.6B |
| Q1 2026 | 830 | $42.0B |
| Q4 2025 | 809 | $40.8B |
| Q3 2025 | 757 | $39.1B |
| Q2 2025 | 820 | $47.7B |
| Q1 2025 | 822 | $41.8B |
| Q4 2024 | 856 | $44.8B |
| Q3 2024 | 852 | $50.4B |
| Q2 2024 | 855 | $52.4B |
| Q1 2024 | 857 | $60.2B |
| Q4 2023 | 825 | $58.0B |
| Q3 2023 | 773 | $49.8B |
| Q2 2023 | 792 | $55.5B |
| Q1 2023 | 791 | $55.1B |
| Q4 2022 | 784 | $54.8B |
| Q3 2022 | 739 | $50.2B |
| Q2 2022 | 758 | $47.2B |
| Q1 2022 | 779 | $54.6B |
| Q4 2021 | 782 | $51.4B |
| Q3 2021 | 714 | $48.4B |
| Q2 2021 | 710 | $43.5B |
| Q1 2021 | 724 | $46.7B |
Institutions, Q2 2026
Shares, value and share of portfolio for each institution holding Canadian National Railway Co; share changes are against Q1 2026.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Gates Foundation TrustSuperinvestorGates Foundation Trust | 51,826,786 | $6.18B | 17.95% | 00.0% | Unchanged |
| Royal Bank of Canada | 31,156,081 | $3.72B | 0.63% | +3,646,856+13.3% | Added |
| FIL Ltd | 19,129,315 | $2.28B | 1.64% | +2,288,097+13.6% | Added |
| Caisse de Depot Et Placement du Quebec | 18,962,558 | $2.26B | 3.22% | +178,385+0.9% | Added |
| 1832 Asset Management L.P. | 16,518,344 | $1.97B | 2.42% | −2,164,896−11.6% | Reduced |
| Vanguard Capital Management LLC | 15,918,701 | $1.90B | 0.04% | +120,099+0.8% | Added |
| Bank of Montreal | 14,841,305 | $1.77B | 0.64% | +845,548+6.0% | Added |
| Mackenzie Financial Corp | 8,939,323 | $1.51B | 1.51% | +163,017+1.9% | Added |
| TD Asset Management Inc | 9,907,691 | $1.18B | 1.02% | −2,223,622−18.3% | Reduced |
| TCI Fund Management LtdSuperinvestorTCI Fund Management | 9,433,422 | $1.12B | 2.13% | −416,512−4.2% | Reduced |
| Wellington Management Group LLP | 8,537,192 | $1.02B | 0.18% | −2,985,994−25.9% | Reduced |
| CIBC Asset Management Inc | 6,861,848 | $819.9M | 1.80% | +3,193,207+87.0% | Added |
| National Bank of Canada | 6,761,268 | $805.3M | 0.71% | +76,139+1.1% | Added |
| Massachusetts Financial Services Co | 1,417,278 | $784.1M | 0.25% | −2,333,392−62.2% | Reduced |
| Deutsche Bank AG | 6,062,146 | $722.9M | 0.21% | −1,142,973−15.9% | Reduced |
| Price T Rowe Associates Inc | 6,052,322 | $721.7M | 0.07% | −424,251−6.6% | Reduced |
| Clearbridge Investments, LLC | 5,964,425 | $711.2M | 0.59% | +711,429+13.5% | Added |
| Geode Capital Management, LLC | 5,829,986 | $706.7M | 0.04% | +607,775+11.6% | Added |
| Norges Bank | 5,695,165 | $679.0M | 0.07% | +5,695,165 | New |
| Connor, Clark & Lunn Investment Management Ltd. | 5,674,241 | $676.4M | 1.28% | +1,099,056+24.0% | Added |
| Harding Loevner LP | 5,390,831 | $648.4M | 6.10% | +2,549,371+89.7% | Added |
| Fiera Capital Corp | 5,406,877 | $644.0M | 2.34% | −784,633−12.7% | Reduced |
| Manufacturers Life Insurance Company, The | 5,303,746 | $631.7M | 0.49% | +899,494+20.4% | Added |
| Arrowstreet Capital, Limited Partnership | 5,152,780 | $614.4M | 0.27% | +424,278+9.0% | Added |
| CIBC World Markets Inc. | 5,025,832 | $602.2M | 1.01% | −73,565−1.4% | Reduced |
| Vanguard Fiduciary Trust Co | 4,816,343 | $574.8M | 0.13% | +21,121+0.4% | Added |
| Canada Pension Plan Investment Board | 4,462,797 | $532.0M | 0.29% | −27,384−0.6% | Reduced |
| TD Waterhouse Canada Inc. | 4,297,955 | $514.6M | 1.35% | +116,530+2.8% | Added |
| Legal & General Group Plc | 3,986,362 | $475.6M | 0.10% | −228,812−5.4% | Reduced |
| Lazard Asset Management LLC | 3,911,519 | $466.3M | 0.71% | −5,165,999−56.9% | Reduced |
| Federation des caisses Desjardins du Quebec | 3,891,768 | $462.6M | 1.41% | +55,992+1.5% | Added |
| Scotia Capital Inc. | 3,802,550 | $452.8M | 1.69% | −122,362−3.1% | Reduced |
| Morgan Stanley | 3,675,358 | $438.2M | 0.02% | +1,009,731+37.9% | Added |
| Canoe Financial LP | 3,407,690 | $406.3M | 5.03% | −18,776−0.5% | Reduced |
| Goldman Sachs Group Inc | 3,129,271 | $373.1M | 0.04% | +429,613+15.9% | Added |
| Troy Asset Management Ltd | 2,564,246 | $322.3M | 8.99% | −64,716−2.5% | Reduced |
| JPMorgan Chase & Co | 2,621,159 | $315.4M | 0.02% | −315,996−10.8% | Reduced |
| Banque Cantonale Vaudoise | 2,360 | $282.0M | 0.04% | −227−8.8% | Reduced |
| Vanguard Global Advisers, LLC | 2,325,865 | $277.6M | 0.13% | +132,382+6.0% | Added |
| Beutel, Goodman & Co Ltd. | 2,105,136 | $251.1M | 1.85% | −310,554−12.9% | Reduced |
| Toronto Dominion Bank | 2,069,940 | $246.8M | 0.41% | +107,407+5.5% | Added |
| StonePine Asset Management Inc. | 2,034,355 | $242.6M | 1.50% | +2,034,355 | New |
| FMR LLC | 1,824,799 | $217.8M | 0.01% | −68,240−3.6% | Reduced |
| Findlay Park Partners LLP | 1,826,068 | $217.7M | 2.94% | −61,900−3.3% | Reduced |
| Charles Schwab Investment Management Inc | 1,718,110 | $205.0M | 0.03% | +97,612+6.0% | Added |
| Mitsubishi UFJ Trust & Banking Corp | 1,718,819 | $204.9M | 0.45% | +307,031+21.7% | Added |
| Swiss National Bank | 1,672,400 | $199.0M | 0.10% | −88,600−5.0% | Reduced |
| Dimensional Fund Advisors LP | 1,440,786 | $171.8M | 0.03% | +58,287+4.2% | Added |
| AQR Capital Management LLC | 1,406,399 | $167.7M | 0.06% | +274,553+24.3% | Added |
| Two Sigma Investments, LP | 1,398,413 | $166.7M | 0.13% | +974,828+230.1% | Added |
| Stifel Financial Corp | 1,359,885 | $162.2M | 0.13% | −31,050−2.2% | Reduced |
| Bank of Nova Scotia | 1,335,451 | $159.4M | 0.24% | −61,648−4.4% | Reduced |
| Bank of America Corp | 1,269,855 | $151.4M | 0.01% | −120,490−8.7% | Reduced |
| Cardinal Capital Management, Inc. | 1,254,252 | $149.4M | 3.61% | +68,791+5.8% | Added |
| Loring Wolcott & Coolidge Fiduciary Advisors LLP | 1,251,453 | $149.2M | 1.45% | −20,561−1.6% | Reduced |
| Nuveen, LLC | 1,236,343 | $147.5M | 0.04% | +82,452+7.1% | Added |
| Vanguard Asset Management, Ltd | 1,156,300 | $138.0M | 0.09% | +126,220+12.3% | Added |
| Letko, Brosseau & Associates Inc | 1,027,674 | $122.6M | 1.81% | −23,931−2.3% | Reduced |
| Intact Investment Management Inc. | 955,760 | $114.0M | 3.24% | −5,660−0.6% | Reduced |
| Douglass Winthrop Advisors, LLC | 936,884 | $111.7M | 1.93% | −17,411−1.8% | Reduced |
| Bessemer Group Inc | 912,231 | $108.7M | 0.15% | +908,136+22,176.7% | Added |
| Amundi | 860,943 | $102.7M | 0.02% | −160,962−15.8% | Reduced |
| Russell Investments Group, Ltd. | 795,350 | $94.9M | 0.08% | +291,645+57.9% | Added |
| Addenda Capital Inc. | 548,874 | $92.9M | 2.53% | +88,869+19.3% | Added |
| MUFG Securities (Canada), Ltd. | 765,088 | $91.2M | 2.46% | −44,314−5.5% | Reduced |
| Alberta Investment Management Corp | 750,814 | $89.5M | 0.52% | −8,488−1.1% | Reduced |
| Balyasny Asset Management LLC | 745,247 | $88.9M | 0.16% | +239,488+47.4% | Added |
| Agf Management Ltd | 540,109 | $88.4M | 0.34% | +5,271+1.0% | Added |
| Scheer, Rowlett & Associates Investment Management Ltd. | 727,812 | $86.8M | 6.24% | −5,379−0.7% | Reduced |
| British Columbia Investment Management Corp | 716,203 | $85.4M | 0.53% | +69,509+10.7% | Added |
| Franklin Resources Inc | 685,127 | $81.7M | 0.02% | −27,918−3.9% | Reduced |
| BLI - Banque de Luxembourg Investments | 683,667 | $81.6M | 2.88% | −161,221−19.1% | Reduced |
| Healthcare of Ontario Pension Plan Trust Fund | 651,600 | $77.7M | 0.11% | +501,600+334.4% | Added |
| Northern Trust Corp | 628,393 | $74.9M | 0.01% | +36,940+6.2% | Added |
| Value Partners Investments Inc. | 607,648 | $72.4M | 5.05% | +1,679+0.3% | Added |
| Public Sector Pension Investment Board | 599,765 | $71.5M | 0.19% | +330,905+123.1% | Added |
| QV Investors Inc. | 591,760 | $70.6M | 5.43% | −24,350−4.0% | Reduced |
| Bank of New York Mellon Corp | 552,853 | $65.9M | 0.01% | +48,836+9.7% | Added |
| State of Tennessee, Treasury Department | 537,896 | $64.2M | 0.19% | −17,031−3.1% | Reduced |
| Vanguard Investments Australia, Ltd. | 530,857 | $63.4M | 0.16% | +12,025+2.3% | Added |
| Invesco Ltd. | 524,812 | $62.6M | 0.00% | −512,679−49.4% | Reduced |
| SEI Investments Co | 516,827 | $61.6M | 0.05% | +11,570+2.3% | Added |
| Adage Capital Partners GP, L.L.C. | 516,526 | $61.6M | 0.09% | −341,059−39.8% | Reduced |
| Point72 Asset Management, L.P. | 502,283 | $59.9M | 0.09% | −277,530−35.6% | Reduced |
| BlackRock, Inc. | 496,796 | $59.2M | 0.00% | +84,683+20.5% | Added |
| Dixon Mitchell Investment Counsel Inc. | 494,412 | $59.0M | 1.92% | +45,975+10.3% | Added |
| American Century Companies Inc | 490,628 | $58.6M | 0.03% | +132,209+36.9% | Added |
| Millennium Management LLC | 473,152 | $56.4M | 0.04% | −477,224−50.2% | Reduced |
| Quadrature Capital Ltd | 465,944 | $55.6M | 0.48% | +13,944+3.1% | Added |
| Aviva PLC | 464,294 | $55.3M | 0.08% | +2,540+0.6% | Added |
| Lincluden Management Ltd | 324,110 | $54.9M | 5.38% | −80,154−19.8% | Reduced |
| Guardian Capital LP | 422,207 | $50.4M | 1.22% | +798+0.2% | Added |
| Cidel Asset Management Inc | 403,673 | $48.2M | 2.32% | −111,684−21.7% | Reduced |
| Northwest & Ethical Investments L.P. | 400,958 | $47.8M | 1.11% | −25,909−6.1% | Reduced |
| Saturna Capital CORP | 400,815 | $47.8M | 0.58% | +552+0.1% | Added |
| DekaBank Deutsche Girozentrale | 456,770 | $46.8M | 0.08% | 00.0% | Unchanged |
| UBS Group AG | 379,861 | $45.3M | 0.01% | −288,636−43.2% | Reduced |
| CIBC Bancorp USA Inc. | 339,921 | $40.5M | 0.05% | −14,528−4.1% | Reduced |
| Barclays PLC | 334,663 | $39.9M | 0.01% | −27,057−7.5% | Reduced |
| Encompass Capital Advisors LLC | 325,000 | $38.7M | 1.67% | +325,000 | New |