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; 849 institutions reported holding it in 13F filings for Q2 2026, worth $48.6B in total; 5 superinvestors hold it, including Gates Foundation Trust and TCI Fund Management.
13F holders, Q4 2022
Institutional positions in Canadian National Railway Co as of Dec 31, 2022. 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
- 784
- +56 vs. Q3 2022
- Shares held
- 460.0M
- −2.72M (−0.6%) vs. Q3 2022
- Total value
- $54.8B
- +$4.64B (+9.3%) vs. Q3 2022
- New holders
- 99
- 230 more added
- Sold out
- 43
- 289 more reduced
11 institutions that held it in Q3 2022 haven't filed for Q4 2022 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2022: 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 | 849 | $48.6B |
| Q1 2026 | 831 | $42.0B |
| Q4 2025 | 809 | $40.8B |
| Q3 2025 | 758 | $38.9B |
| Q2 2025 | 821 | $44.8B |
| Q1 2025 | 824 | $41.8B |
| Q4 2024 | 857 | $43.1B |
| Q3 2024 | 852 | $50.0B |
| Q2 2024 | 855 | $51.9B |
| Q1 2024 | 857 | $59.1B |
| Q4 2023 | 825 | $57.2B |
| Q3 2023 | 773 | $49.4B |
| Q2 2023 | 792 | $55.1B |
| Q1 2023 | 792 | $54.5B |
| Q4 2022 | 784 | $54.8B |
| Q3 2022 | 739 | $50.2B |
| Q2 2022 | 758 | $47.2B |
| Q1 2022 | 779 | $54.6B |
| Q4 2021 | 782 | $51.5B |
| Q3 2021 | 714 | $48.5B |
| Q2 2021 | 710 | $43.5B |
| Q1 2021 | 725 | $46.7B |
Institutions, Q4 2022
Shares, value and share of portfolio for each institution holding Canadian National Railway Co; share changes are against Q3 2022.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Gates Foundation TrustSuperinvestorGates Foundation Trust | 54,826,786 | $6.52B | 18.24% | 00.0% | Unchanged |
| TCI Fund Management LtdSuperinvestorTCI Fund Management | 36,699,825 | $4.36B | 14.56% | 00.0% | Unchanged |
| Royal Bank of Canada | 30,082,100 | $3.58B | 1.08% | +302,869+1.0% | Added |
| Vanguard Group Inc | 21,877,574 | $2.60B | 0.07% | +115,267+0.5% | Added |
| Massachusetts Financial Services Co | 21,011,053 | $2.50B | 0.87% | −609,450−2.8% | Reduced |
| Wellington Management Group LLP | 20,186,602 | $2.40B | 0.48% | −525,166−2.5% | Reduced |
| Bank of Montreal | 15,426,218 | $1.90B | 1.49% | −1,728,163−10.1% | Reduced |
| Bank of New York Mellon Corp | 13,846,215 | $1.65B | 0.38% | −138,916−1.0% | Reduced |
| Caisse de Depot Et Placement du Quebec | 12,333,700 | $1.46B | 4.50% | 00.0% | Unchanged |
| TD Asset Management Inc | 12,081,798 | $1.43B | 1.77% | −136,457−1.1% | Reduced |
| Mackenzie Financial Corp | 11,692,585 | $1.39B | 2.34% | −352,078−2.9% | Reduced |
| Egerton Capital (UK) LLP | 10,981,983 | $1.31B | 11.23% | −190,913−1.7% | Reduced |
| FIL Ltd | 9,819,679 | $1.17B | 1.40% | +1,292,154+15.2% | Added |
| Jarislowsky, Fraser Ltd | 9,486,125 | $1.13B | 7.37% | −717,158−7.0% | Reduced |
| 1832 Asset Management L.P. | 8,438,904 | $1.00B | 2.06% | −273,719−3.1% | Reduced |
| Manufacturers Life Insurance Company, The | 8,113,229 | $963.2M | 0.61% | −558,323−6.4% | Reduced |
| Deutsche Bank AG | 6,281,634 | $746.8M | 0.43% | −1,625,838−20.6% | Reduced |
| Norges Bank | 6,125,696 | $727.7M | 0.18% | +420,403+7.4% | Added |
| National Bank of Canada | 5,977,754 | $709.6M | 1.92% | +3,846,281+180.5% | Added |
| Bank of Nova Scotia | 5,666,375 | $673.1M | 1.74% | −142,122−2.4% | Reduced |
| CIBC Asset Management Inc | 5,553,403 | $659.8M | 2.80% | −191,910−3.3% | Reduced |
| Fiera Capital Corp | 5,132,783 | $610.2M | 1.90% | +38,281+0.8% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 5,123,229 | $608.6M | 3.50% | −381,159−6.9% | Reduced |
| CIBC World Markets Inc. | 5,126,793 | $608.6M | 2.39% | +81,985+1.6% | Added |
| FMR LLC | 4,690,500 | $557.2M | 0.06% | +103,337+2.3% | Added |
| Beutel, Goodman & Co Ltd. | 4,464,939 | $530.0M | 3.21% | −288,520−6.1% | Reduced |
| Legal & General Group Plc | 4,380,580 | $520.0M | 0.20% | −119,945−2.7% | Reduced |
| Causeway Capital Management LLC | 4,237,427 | $503.1M | 14.60% | −422,025−9.1% | Reduced |
| JPMorgan Chase & Co | 4,027,571 | $478.8M | 0.07% | −559,417−12.2% | Reduced |
| Canada Pension Plan Investment Board | 3,753,200 | $445.5M | 0.79% | −7,800−0.2% | Reduced |
| Toronto Dominion Bank | 3,548,434 | $426.8M | 0.64% | −97,370−2.7% | Reduced |
| Harding Loevner LP | 3,063,713 | $364.2M | 2.10% | −186,335−5.7% | Reduced |
| Swiss National Bank | 2,477,400 | $294.2M | 0.21% | −165,258−6.3% | Reduced |
| Morgan Stanley | 2,342,900 | $278.5M | 0.03% | +339,397+16.9% | Added |
| Scotia Capital Inc. | 2,223,467 | $263.6M | 2.03% | −6,837−0.3% | Reduced |
| Goldman Sachs Group Inc | 2,074,311 | $246.6M | 0.07% | +410,045+24.6% | Added |
| TD Waterhouse Canada Inc. | 1,445,986 | $234.6M | 2.57% | −20,163−1.4% | Reduced |
| Geode Capital Management, LLC | 1,899,094 | $226.4M | 0.03% | −3,328−0.2% | Reduced |
| Artisan Partners Limited Partnership | 1,855,464 | $220.4M | 0.39% | −847,371−31.4% | Reduced |
| Principal Financial Group Inc | 1,825,878 | $216.7M | 0.16% | +131,031+7.7% | Added |
| Balyasny Asset Management LLC | 1,666,571 | $198.1M | 0.70% | +653,813+64.6% | Added |
| Millennium Management LLC | 1,645,182 | $195.6M | 0.22% | −666,911−28.8% | Reduced |
| Franklin Resources Inc | 1,624,857 | $193.0M | 0.10% | −493,697−23.3% | Reduced |
| Russell Investments Group, Ltd. | 1,602,005 | $190.4M | 0.39% | +139,196+9.5% | Added |
| Alberta Investment Management Corp | 1,552,508 | $184.3M | 1.63% | −194,387−11.1% | Reduced |
| Sumitomo Mitsui Trust Holdings, Inc. | 1,507,327 | $179.2M | 0.14% | −14,797−1.0% | Reduced |
| Loring Wolcott & Coolidge Fiduciary Advisors LLP | 1,482,755 | $176.3M | 2.18% | +952+0.1% | Added |
| Bank of America Corp | 1,435,543 | $170.7M | 0.02% | −259,848−15.3% | Reduced |
| APG Asset Management N.V. | 1,041,815 | $167.6M | 0.32% | +132,776+14.6% | Added |
| Royal London Asset Management Ltd | 1,386,528 | $164.8M | 0.74% | +1,386,528 | New |
| Credit Suisse AG | 1,359,705 | $161.6M | 0.17% | +3,053+0.2% | Added |
| Man Group plc | 1,334,545 | $158.4M | 0.57% | +572,239+75.1% | Added |
| Alliancebernstein L.P. | 1,155,279 | $137.3M | 0.06% | +177,058+18.1% | Added |
| Federation des caisses Desjardins du Quebec | 1,024,332 | $127.4M | 1.51% | −26,602−2.5% | Reduced |
| Amundi | 957,444 | $117.2M | 0.06% | +208,163+27.8% | Added |
| Standard Life Aberdeen plc | 976,533 | $116.1M | 0.32% | +9,444+1.0% | Added |
| William Blair Investment Management, LLC | 945,375 | $112.3M | 0.43% | −217,705−18.7% | Reduced |
| Stifel Financial Corp | 895,601 | $106.5M | 0.16% | +33,462+3.9% | Added |
| Douglass Winthrop Advisors, LLC | 887,929 | $105.6M | 2.89% | −875−0.1% | Reduced |
| Dimensional Fund Advisors LP | 855,953 | $101.8M | 0.04% | +37,521+4.6% | Added |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 835,733 | $99.3M | 0.18% | +22,877+2.8% | Added |
| British Columbia Investment Management Corp | 741,773 | $88.1M | 0.96% | −124,684−14.4% | Reduced |
| Holocene Advisors, LP | 721,058 | $85.7M | 0.53% | −147,666−17.0% | Reduced |
| Consulta Ltd | 707,250 | $84.1M | 7.22% | 00.0% | Unchanged |
| Brown Advisory Inc | 677,769 | $80.6M | 0.15% | −2,587−0.4% | Reduced |
| State of Tennessee, Treasury Department | 677,637 | $80.5M | 0.38% | −76,783−10.2% | Reduced |
| Cidel Asset Management Inc | 676,531 | $80.3M | 3.76% | −37,900−5.3% | Reduced |
| Earnest Partners LLC | 666,304 | $79.1M | 0.49% | −8,499−1.3% | Reduced |
| Manning & Napier Group, LLC | 661,049 | $78.6M | 0.97% | −10,739−1.6% | Reduced |
| Addenda Capital Inc. | 468,388 | $75.3M | 3.27% | −14,794−3.1% | Reduced |
| First Trust Advisors LP | 604,180 | $71.8M | 0.09% | +47,630+8.6% | Added |
| Burgundy Asset Management Ltd. | 552,707 | $65.6M | 0.85% | −29,287−5.0% | Reduced |
| Envestnet Asset Management Inc | 546,144 | $64.9M | 0.03% | +9,093+1.7% | Added |
| Korea Investment CORP | 544,624 | $64.6M | 0.20% | +64,246+13.4% | Added |
| Triasima Portfolio Management inc. | 524,362 | $62.3M | 4.76% | −9,130−1.7% | Reduced |
| Invesco Ltd. | 517,844 | $61.6M | 0.02% | +28,251+5.8% | Added |
| Covea Finance | 508,062 | $60.4M | 3.01% | +210,791+70.9% | Added |
| BlackRock Inc. | 499,056 | $59.3M | 0.00% | +286+0.1% | Added |
| Guardian Capital LP | 495,942 | $58.9M | 1.94% | −77,530−13.5% | Reduced |
| Coronation Fund Managers Ltd. | 485,273 | $57.7M | 1.60% | +170,453+54.1% | Added |
| Dixon Mitchell Investment Counsel Inc. | 476,736 | $56.6M | 3.79% | +6,105+1.3% | Added |
| Northern Trust Corp | 476,055 | $56.6M | 0.01% | −26,560−5.3% | Reduced |
| Ameriprise Financial Inc | 502,221 | $56.5M | 0.02% | −68,249−12.0% | Reduced |
| Two Sigma Investments, LP | 474,785 | $56.4M | 0.18% | −52,700−10.0% | Reduced |
| Agf Management Ltd | 451,713 | $53.7M | 0.39% | +451,713 | New |
| Partners Group Holding AG | 447,815 | $53.1M | 4.06% | −94,748−17.5% | Reduced |
| Montrusco Bolton Investments Inc. | 445,850 | $52.9M | 1.23% | −13,042−2.8% | Reduced |
| Scheer, Rowlett & Associates Investment Management Ltd. | 442,500 | $52.6M | 4.39% | −5,849−1.3% | Reduced |
| Findlay Park Partners LLP | 431,766 | $51.3M | 0.56% | +431,766 | New |
| D. E. Shaw & Co., Inc. | 429,214 | $51.0M | 0.09% | −277,087−39.2% | Reduced |
| Bradley Foster & Sargent Inc | 413,696 | $49.2M | 1.23% | +2,956+0.7% | Added |
| Saturna Capital CORP | 408,000 | $48.5M | 1.04% | 00.0% | Unchanged |
| UBS Group AG | 407,257 | $48.4M | 0.02% | +142,788+54.0% | Added |
| Reynders McVeigh Capital Management, LLC | 396,674 | $47.2M | 3.46% | +1,340+0.3% | Added |
| SEI Investments Co | 378,723 | $45.0M | 0.10% | −56,259−12.9% | Reduced |
| Cardinal Capital Management, Inc. | 376,562 | $44.8M | 2.53% | +6,024+1.6% | Added |
| DekaBank Deutsche Girozentrale | 340,432 | $40.7M | 0.11% | +40,285+13.4% | Added |
| Renaissance Technologies LLC | 340,700 | $40.5M | 0.06% | −33,900−9.0% | Reduced |
| Neuberger Berman Group LLC | 331,249 | $39.5M | 0.04% | −9,359−2.7% | Reduced |
| State of Wisconsin Investment Board | 332,329 | $39.4M | 0.13% | −11,380−3.3% | Reduced |