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 2023
Institutional positions in Canadian National Railway Co as of Dec 31, 2023. 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
- 825
- +68 vs. Q3 2023
- Shares held
- 454.2M
- +822.3K (+0.2%) vs. Q3 2023
- Total value
- $57.2B
- +$7.84B (+15.9%) vs. Q3 2023
- New holders
- 114
- 272 more added
- Sold out
- 46
- 268 more reduced
16 institutions that held it in Q3 2023 haven't filed for Q4 2023 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2023: 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 2023
Shares, value and share of portfolio for each institution holding Canadian National Railway Co; share changes are against Q3 2023.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Gates Foundation TrustSuperinvestorGates Foundation Trust | 54,826,786 | $6.89B | 16.29% | 00.0% | Unchanged |
| TCI Fund Management LtdSuperinvestorTCI Fund Management | 40,072,313 | $5.04B | 14.01% | −816,640−2.0% | Reduced |
| Royal Bank of Canada | 27,091,147 | $3.40B | 0.84% | −1,995,894−6.9% | Reduced |
| Vanguard Group Inc | 22,395,401 | $2.81B | 0.06% | +387,975+1.8% | Added |
| Wellington Management Group LLP | 21,868,740 | $2.76B | 0.51% | +1,907,938+9.6% | Added |
| FIL Ltd | 19,189,809 | $2.41B | 2.53% | +1,280,726+7.2% | Added |
| Massachusetts Financial Services Co | 16,644,360 | $2.09B | 0.68% | −192,235−1.1% | Reduced |
| Bank of Montreal | 15,490,002 | $1.95B | 1.05% | −64,084−0.4% | Reduced |
| Bank of New York Mellon Corp | 13,659,627 | $1.72B | 0.35% | −47,108−0.3% | Reduced |
| Caisse de Depot Et Placement du Quebec | 12,758,300 | $1.61B | 4.10% | −309,000−2.4% | Reduced |
| TD Asset Management Inc | 11,651,919 | $1.47B | 1.45% | +314,600+2.8% | Added |
| Mackenzie Financial Corp | 9,941,295 | $1.25B | 1.89% | −318,841−3.1% | Reduced |
| Jarislowsky, Fraser Ltd | 8,819,461 | $1.11B | 6.55% | −275,772−3.0% | Reduced |
| 1832 Asset Management L.P. | 8,785,479 | $1.10B | 2.08% | +61,752+0.7% | Added |
| Capital International Investors | 7,623,561 | $957.8M | 0.21% | +2,951,506+63.2% | Added |
| National Bank of Canada | 6,385,441 | $800.8M | 1.46% | +311,961+5.1% | Added |
| Norges Bank | 6,122,354 | $769.6M | 0.13% | −129,678−2.1% | Reduced |
| Deutsche Bank AG | 5,605,937 | $704.3M | 0.36% | +30,276+0.5% | Added |
| Egerton Capital (UK) LLP | 5,308,268 | $666.9M | 7.22% | +138,589+2.7% | Added |
| CIBC Asset Management Inc | 5,135,247 | $647.5M | 2.42% | −129,203−2.5% | Reduced |
| Manufacturers Life Insurance Company, The | 5,039,310 | $634.4M | 0.38% | −1,335,069−20.9% | Reduced |
| Fiera Capital Corp | 4,966,949 | $626.4M | 1.92% | −17,659−0.4% | Reduced |
| Legal & General Group Plc | 4,937,539 | $623.6M | 0.19% | +459,540+10.3% | Added |
| Beutel, Goodman & Co Ltd. | 4,779,390 | $603.7M | 3.20% | +1,5290.0% | Added |
| CIBC World Markets Inc. | 4,694,346 | $589.8M | 1.67% | −276,686−5.6% | Reduced |
| Bank of Nova Scotia | 4,451,717 | $559.6M | 1.05% | −1,000,985−18.4% | Reduced |
| FMR LLC | 4,177,752 | $525.1M | 0.04% | +13,295+0.3% | Added |
| JPMorgan Chase & Co | 3,928,880 | $493.6M | 0.05% | +86,700+2.3% | Added |
| Price T Rowe Associates Inc | 3,860,606 | $485.0M | 0.07% | +704,544+22.3% | Added |
| Toronto Dominion Bank | 3,846,647 | $483.3M | 0.70% | +296,330+8.3% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 3,360,176 | $422.4M | 1.97% | −762,832−18.5% | Reduced |
| Arrowstreet Capital, Limited Partnership | 3,196,158 | $401.6M | 0.42% | +214,863+7.2% | Added |
| Harding Loevner LP | 2,865,864 | $359.4M | 2.02% | −94,415−3.2% | Reduced |
| Artisan Partners Limited Partnership | 2,537,600 | $319.0M | 0.50% | +14,300+0.6% | Added |
| Scotia Capital Inc. | 2,445,262 | $306.6M | 1.98% | +30,624+1.3% | Added |
| Canada Pension Plan Investment Board | 2,342,040 | $295.8M | 0.37% | +665,000+39.7% | Added |
| Geode Capital Management, LLC | 2,203,930 | $277.9M | 0.03% | +138,160+6.7% | Added |
| TD Waterhouse Canada Inc. | 1,558,941 | $260.9M | 2.43% | +26,863+1.8% | Added |
| Bank of America Corp | 1,992,618 | $250.3M | 0.03% | +619,212+45.1% | Added |
| Montrusco Bolton Investments Inc. | 1,828,979 | $231.0M | 2.87% | −151,312−7.6% | Reduced |
| Swiss National Bank | 1,811,900 | $228.2M | 0.17% | −74,200−3.9% | Reduced |
| Goldman Sachs Group Inc | 1,780,484 | $223.7M | 0.05% | +224,148+14.4% | Added |
| Morgan Stanley | 1,693,722 | $212.8M | 0.02% | −1,185,369−41.2% | Reduced |
| Royal London Asset Management Ltd | 1,602,728 | $201.4M | 0.58% | +17,083+1.1% | Added |
| Alberta Investment Management Corp | 1,548,412 | $195.6M | 1.84% | +63,287+4.3% | Added |
| Loring Wolcott & Coolidge Fiduciary Advisors LLP | 1,471,816 | $182.6M | 1.81% | −2,688−0.2% | Reduced |
| Principal Financial Group Inc | 1,320,605 | $166.8M | 0.11% | −129,154−8.9% | Reduced |
| Sumitomo Mitsui Trust Holdings, Inc. | 1,309,293 | $165.1M | 0.12% | −28,261−2.1% | Reduced |
| Russell Investments Group, Ltd. | 1,279,322 | $161.4M | 0.29% | −171,105−11.8% | Reduced |
| Federation des caisses Desjardins du Quebec | 1,187,060 | $156.8M | 1.47% | −40,210−3.3% | Reduced |
| Nuveen Asset Management, LLC | 1,115,408 | $141.6M | 0.05% | +992,107+804.6% | Added |
| Clearbridge Investments, LLC | 1,121,368 | $140.9M | 0.12% | +1,121,368 | New |
| Credit Suisse AG | 1,101,400 | $138.4M | 0.13% | −207,040−15.8% | Reduced |
| Findlay Park Partners LLP | 1,027,583 | $129.1M | 1.27% | +446,244+76.8% | Added |
| Stifel Financial Corp | 1,026,000 | $128.9M | 0.16% | +34,702+3.5% | Added |
| Dimensional Fund Advisors LP | 1,003,236 | $126.0M | 0.04% | +42,545+4.4% | Added |
| Douglass Winthrop Advisors, LLC | 989,682 | $124.3M | 2.78% | +24,689+2.6% | Added |
| Amundi | 981,315 | $121.4M | 0.05% | −113,869−10.4% | Reduced |
| APG Asset Management N.V. | 1,037,855 | $118.7M | 0.23% | +34,288+3.4% | Added |
| Alliancebernstein L.P. | 907,521 | $114.0M | 0.04% | −4,531−0.5% | Reduced |
| Agf Management Ltd | 731,019 | $106.4M | 0.63% | −125,117−14.6% | Reduced |
| Earnest Partners LLC | 826,641 | $104.2M | 0.52% | −2,211−0.3% | Reduced |
| Rivulet Capital, LLC | 825,000 | $103.6M | 5.29% | +50,000+6.5% | Added |
| Envestnet Asset Management Inc | 822,488 | $103.3M | 0.04% | +63,237+8.3% | Added |
| BlackRock Inc. | 803,846 | $101.0M | 0.00% | +135,480+20.3% | Added |
| Consulta Ltd | 800,000 | $100.5M | 6.62% | 00.0% | Unchanged |
| Brown Advisory Inc | 756,120 | $95.0M | 0.13% | −4,178−0.5% | Reduced |
| Coronation Fund Managers Ltd. | 709,647 | $89.2M | 2.49% | +3,320+0.5% | Added |
| William Blair Investment Management, LLC | 706,836 | $88.8M | 0.26% | −17,411−2.4% | Reduced |
| Cidel Asset Management Inc | 669,353 | $84.5M | 3.62% | +19,658+3.0% | Added |
| Manning & Napier Group, LLC | 669,988 | $84.2M | 1.00% | +46,517+7.5% | Added |
| State of Tennessee, Treasury Department | 664,461 | $83.8M | 0.33% | 00.0% | Unchanged |
| Addenda Capital Inc. | 447,723 | $74.6M | 2.91% | +995+0.2% | Added |
| First Trust Advisors LP | 529,709 | $66.5M | 0.07% | −82,629−13.5% | Reduced |
| Ameriprise Financial Inc | 538,977 | $64.6M | 0.02% | +37,102+7.4% | Added |
| Burgundy Asset Management Ltd. | 495,242 | $62.4M | 0.69% | −1,630−0.3% | Reduced |
| Public Sector Pension Investment Board | 493,692 | $62.4M | 0.47% | +411,531+500.9% | Added |
| Capital International Inc | 479,066 | $60.2M | 0.94% | +210,794+78.6% | Added |
| Bradley Foster & Sargent Inc | 474,586 | $59.6M | 1.16% | +31,477+7.1% | Added |
| Dixon Mitchell Investment Counsel Inc. | 470,394 | $59.4M | 3.16% | −16,115−3.3% | Reduced |
| Invesco Ltd. | 463,139 | $58.2M | 0.01% | −36,074−7.2% | Reduced |
| Cardinal Capital Management, Inc. | 451,010 | $56.9M | 2.69% | +1,546+0.3% | Added |
| DekaBank Deutsche Girozentrale | 447,739 | $56.4M | 0.12% | +21,644+5.1% | Added |
| Scheer, Rowlett & Associates Investment Management Ltd. | 437,217 | $55.0M | 4.15% | −8,859−2.0% | Reduced |
| Aviva PLC | 419,329 | $52.9M | 0.19% | +15,218+3.8% | Added |
| Saturna Capital CORP | 408,000 | $51.3M | 0.80% | 00.0% | Unchanged |
| Nekton Capital Ltd. | 396,338 | $49.8M | 11.44% | +138,827+53.9% | Added |
| Northern Trust Corp | 387,254 | $48.7M | 0.01% | −17,686−4.4% | Reduced |
| State Street Corp | 370,572 | $46.6M | 0.00% | +76,900+26.2% | Added |
| SEI Investments Co | 366,740 | $46.1M | 0.07% | +10,689+3.0% | Added |
| Reynders McVeigh Capital Management, LLC | 362,934 | $45.6M | 2.89% | −16,669−4.4% | Reduced |
| Franklin Resources Inc | 362,649 | $45.6M | 0.02% | −1,080,529−74.9% | Reduced |
| UBS Group AG | 358,116 | $45.0M | 0.02% | +86,424+31.8% | Added |
| QV Investors Inc. | 351,085 | $44.3M | 4.00% | −294−0.1% | Reduced |
| Neuberger Berman Group LLC | 333,175 | $42.0M | 0.04% | +43,510+15.0% | Added |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 316,233 | $39.9M | 0.05% | +74,517+30.8% | Added |
| CIBC Private Wealth Group, LLC | 314,338 | $39.5M | 0.08% | +11,094+3.7% | Added |
| Northwest & Ethical Investments L.P. | 306,838 | $38.6M | 1.19% | −2,187−0.7% | Reduced |
| Guardian Capital LP | 303,825 | $38.4M | 1.38% | +26,983+9.7% | Added |
| Hemenway Trust Co LLC | 293,484 | $36.9M | 3.52% | −405−0.1% | Reduced |