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 2024
Institutional positions in Canadian National Railway Co as of Dec 31, 2024. 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
- 857
- +19 vs. Q3 2024
- Shares held
- 424.4M
- −2.07M (−0.5%) vs. Q3 2024
- Total value
- $43.1B
- −$6.84B (−13.7%) vs. Q3 2024
- New holders
- 102
- 248 more added
- Sold out
- 83
- 334 more reduced
14 institutions that held it in Q3 2024 haven't filed for Q4 2024 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2024: 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 2024
Shares, value and share of portfolio for each institution holding Canadian National Railway Co; share changes are against Q3 2024.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Gates Foundation TrustSuperinvestorGates Foundation Trust | 54,826,786 | $5.57B | 13.25% | 00.0% | Unchanged |
| TCI Fund Management LtdSuperinvestorTCI Fund Management | 29,693,764 | $3.01B | 7.11% | −5,743,513−16.2% | Reduced |
| Royal Bank of Canada | 27,757,038 | $2.82B | 0.61% | +2,044,622+8.0% | Added |
| Vanguard Group Inc | 22,986,678 | $2.33B | 0.04% | +101,228+0.4% | Added |
| Wellington Management Group LLP | 17,476,898 | $1.77B | 0.32% | −1,085,291−5.8% | Reduced |
| Bank of Montreal | 15,346,289 | $1.56B | 0.78% | −385,896−2.5% | Reduced |
| Caisse de Depot Et Placement du Quebec | 12,496,600 | $1.27B | 2.64% | 00.0% | Unchanged |
| Bank of New York Mellon Corp | 12,490,148 | $1.27B | 0.23% | −662,080−5.0% | Reduced |
| Massachusetts Financial Services Co | 12,097,715 | $1.23B | 0.39% | −1,767,989−12.8% | Reduced |
| Capital International Investors | 11,822,063 | $1.20B | 0.23% | +1,341,133+12.8% | Added |
| TD Asset Management Inc | 11,768,500 | $1.19B | 1.06% | +309,210+2.7% | Added |
| 1832 Asset Management L.P. | 10,607,365 | $1.08B | 1.92% | +345,352+3.4% | Added |
| Jarislowsky, Fraser Ltd | 9,159,075 | $926.6M | 5.42% | +422,078+4.8% | Added |
| Mackenzie Financial Corp | 8,066,218 | $818.2M | 1.11% | −872,621−9.8% | Reduced |
| National Bank of Canada | 7,757,997 | $787.6M | 1.02% | +1,020,675+15.1% | Added |
| Deutsche Bank AG | 5,701,425 | $578.8M | 0.23% | +316,422+5.9% | Added |
| Fiera Capital Corp | 5,624,594 | $570.6M | 1.80% | +142,070+2.6% | Added |
| Norges Bank | 5,551,563 | $563.0M | 0.07% | −200,854−3.5% | Reduced |
| Price T Rowe Associates Inc | 5,489,874 | $557.3M | 0.06% | +1,380,554+33.6% | Added |
| CIBC World Markets Inc. | 5,329,751 | $541.0M | 1.25% | −287,348−5.1% | Reduced |
| CIBC Asset Management Inc | 5,119,674 | $519.8M | 1.70% | +571,967+12.6% | Added |
| Arrowstreet Capital, Limited Partnership | 4,814,469 | $488.5M | 0.39% | +1,102,977+29.7% | Added |
| Legal & General Group Plc | 4,529,315 | $459.7M | 0.12% | −191,562−4.1% | Reduced |
| Beutel, Goodman & Co Ltd. | 4,116,484 | $417.8M | 2.27% | −420,309−9.3% | Reduced |
| Manufacturers Life Insurance Company, The | 3,857,084 | $392.2M | 0.34% | +37,461+1.0% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 3,556,179 | $360.7M | 1.63% | −406,793−10.3% | Reduced |
| Geode Capital Management, LLC | 3,306,192 | $341.0M | 0.03% | +743,712+29.0% | Added |
| Scotia Capital Inc. | 3,012,858 | $304.7M | 1.61% | +321,178+11.9% | Added |
| Morgan Stanley | 2,912,874 | $295.7M | 0.02% | −1,167,155−28.6% | Reduced |
| FIL Ltd | 2,828,530 | $287.2M | 0.27% | −1,444,978−33.8% | Reduced |
| Bank of America Corp | 2,799,074 | $284.1M | 0.03% | −147,243−5.0% | Reduced |
| Bank of Nova Scotia | 2,757,030 | $279.9M | 0.49% | −160,874−5.5% | Reduced |
| JPMorgan Chase & Co | 2,616,947 | $265.6M | 0.02% | +240,847+10.1% | Added |
| Federation des caisses Desjardins du Quebec | 2,502,096 | $252.5M | 1.29% | +87,578+3.6% | Added |
| Harding Loevner LP | 2,478,657 | $251.6M | 1.70% | −140,403−5.4% | Reduced |
| Canoe Financial LP | 2,137,743 | $216.9M | 3.54% | +2,137,743 | New |
| Canada Pension Plan Investment Board | 2,120,860 | $215.1M | 0.20% | −339,300−13.8% | Reduced |
| Ninety One UK Ltd | 2,043,665 | $207.4M | 0.55% | +210,630+11.5% | Added |
| Goldman Sachs Group Inc | 1,909,100 | $193.8M | 0.04% | +111,455+6.2% | Added |
| FMR LLC | 1,871,259 | $190.0M | 0.01% | −17,948−1.0% | Reduced |
| Findlay Park Partners LLP | 1,805,568 | $183.3M | 1.82% | −2,300−0.1% | Reduced |
| TD Waterhouse Canada Inc. | 1,739,236 | $175.7M | 1.42% | +18,576+1.1% | Added |
| Swiss National Bank | 1,553,200 | $157.6M | 0.10% | −72,400−4.5% | Reduced |
| Loring Wolcott & Coolidge Fiduciary Advisors LLP | 1,453,795 | $155.2M | 1.34% | −9,361−0.6% | Reduced |
| Millennium Management LLC | 1,494,447 | $151.7M | 0.13% | +618,260+70.6% | Added |
| Charles Schwab Investment Management Inc | 1,419,044 | $144.0M | 0.03% | +50,548+3.7% | Added |
| Toronto Dominion Bank | 1,289,719 | $130.8M | 0.25% | −202,499−13.6% | Reduced |
| Clearbridge Investments, LLC | 1,281,715 | $130.1M | 0.11% | +128,966+11.2% | Added |
| Dimensional Fund Advisors LP | 1,211,222 | $122.9M | 0.03% | +31,752+2.7% | Added |
| Royal London Asset Management Ltd | 1,201,886 | $122.0M | 0.30% | −368,502−23.5% | Reduced |
| Alberta Investment Management Corp | 1,188,302 | $120.6M | 0.80% | −80,896−6.4% | Reduced |
| Manning & Napier Advisors LLC | 1,109,174 | $112.6M | 1.29% | −22,061−2.0% | Reduced |
| British Columbia Investment Management Corp | 1,099,524 | $111.5M | 0.66% | −412,195−27.3% | Reduced |
| Alliancebernstein L.P. | 1,080,988 | $109.7M | 0.04% | −764,759−41.4% | Reduced |
| Stifel Financial Corp | 1,074,083 | $109.0M | 0.11% | +2,895+0.3% | Added |
| Agf Management Ltd | 921,396 | $108.8M | 0.54% | +194,343+26.7% | Added |
| Quadrature Capital Ltd | 1,062,300 | $108.1M | 2.17% | +79,800+8.1% | Added |
| Voloridge Investment Management, LLC | 1,047,107 | $106.3M | 0.38% | +184,193+21.3% | Added |
| Douglass Winthrop Advisors, LLC | 1,036,068 | $105.2M | 2.05% | +24,145+2.4% | Added |
| Amundi | 905,059 | $92.7M | 0.03% | −265,184−22.7% | Reduced |
| Citadel Advisors LLC | 881,483 | $89.5M | 0.08% | +492,383+126.5% | Added |
| Balyasny Asset Management LLC | 853,524 | $86.6M | 0.20% | −416,320−32.8% | Reduced |
| MUFG Securities (Canada), Ltd. | 844,974 | $85.7M | 3.10% | +353,358+71.9% | Added |
| Brown Advisory Inc | 815,493 | $82.8M | 0.11% | −90,292−10.0% | Reduced |
| ClearBridge Investments Ltd | 804,212 | $81.6M | 2.14% | +339,774+73.2% | Added |
| Nuveen Asset Management, LLC | 733,818 | $74.5M | 0.02% | −46,512−6.0% | Reduced |
| Burgundy Asset Management Ltd. | 719,988 | $73.0M | 0.74% | +246,151+51.9% | Added |
| Scheer, Rowlett & Associates Investment Management Ltd. | 710,796 | $72.1M | 5.26% | +216,285+43.7% | Added |
| Point72 Asset Management, L.P. | 694,030 | $70.5M | 0.19% | −670,930−49.2% | Reduced |
| BLI - Banque de Luxembourg Investments | 693,095 | $70.3M | 1.91% | +693,095 | New |
| UBS Asset Management Americas Inc | 682,345 | $69.3M | 0.02% | −247,705−26.6% | Reduced |
| Cardinal Capital Management, Inc. | 678,211 | $68.7M | 2.34% | +202,692+42.6% | Added |
| Addenda Capital Inc. | 455,201 | $66.4M | 2.35% | +6,647+1.5% | Added |
| State of Tennessee, Treasury Department | 634,225 | $64.4M | 0.23% | −708−0.1% | Reduced |
| Franklin Resources Inc | 621,349 | $63.0M | 0.02% | −33,477−5.1% | Reduced |
| Russell Investments Group, Ltd. | 616,666 | $62.6M | 0.09% | −709,994−53.5% | Reduced |
| Two Sigma Investments, LP | 610,092 | $61.9M | 0.14% | +194,107+46.7% | Added |
| D. E. Shaw & Co., Inc. | 590,815 | $60.0M | 0.07% | +443,646+301.5% | Added |
| BlackRock, Inc. | 583,705 | $59.3M | 0.00% | −126,084−17.8% | Reduced |
| Capital International Inc | 532,093 | $54.0M | 0.64% | −39,374−6.9% | Reduced |
| Northern Trust Corp | 530,309 | $53.8M | 0.01% | +168,748+46.7% | Added |
| Invesco Ltd. | 523,944 | $53.2M | 0.01% | +20,249+4.0% | Added |
| Ameriprise Financial Inc | 509,142 | $51.7M | 0.01% | −38,598−7.0% | Reduced |
| Dixon Mitchell Investment Counsel Inc. | 490,939 | $49.9M | 2.30% | +11,004+2.3% | Added |
| UBS Group AG | 483,691 | $49.1M | 0.01% | +8,519+1.8% | Added |
| DekaBank Deutsche Girozentrale | 456,770 | $46.1M | 0.09% | 00.0% | Unchanged |
| QV Investors Inc. | 439,661 | $44.6M | 4.60% | +175,938+66.7% | Added |
| First Trust Advisors LP | 417,759 | $42.4M | 0.04% | +13,630+3.4% | Added |
| Intact Investment Management Inc. | 415,449 | $42.2M | 1.47% | +26,680+6.9% | Added |
| BNP Paribas Arbitrage, SA | 406,943 | $41.3M | 0.03% | +290,162+248.5% | Added |
| Partners Group Holding AG | 401,641 | $40.8M | 1.46% | −4,425−1.1% | Reduced |
| Cidel Asset Management Inc | 388,919 | $39.5M | 2.66% | +19,978+5.4% | Added |
| Great West Life Assurance Co | 388,585 | $39.3M | 0.07% | +31,157+8.7% | Added |
| Saturna Capital CORP | 384,000 | $39.0M | 0.53% | 00.0% | Unchanged |
| SEI Investments Co | 375,801 | $38.1M | 0.05% | +7,461+2.0% | Added |
| Qube Research & Technologies Ltd | 375,170 | $38.1M | 0.06% | −13,778−3.5% | Reduced |
| APG Asset Management N.V. | 385,700 | $37.8M | 0.11% | +242,829+170.0% | Added |
| Public Employees Retirement System of Ohio | 370,310 | $37.6M | 0.13% | +28,904+8.5% | Added |
| Lincluden Management Ltd | 362,587 | $36.8M | 4.46% | +86,096+31.1% | Added |
| Korea Investment CORP | 357,045 | $36.2M | 0.09% | +111,454+45.4% | Added |