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 |
|---|---|---|---|---|---|
| Quadrature Capital Ltd | 1,062,300 | $108.1M | 2.17% | +79,800+8.1% | Added |
| Agf Management Ltd | 921,396 | $108.8M | 0.54% | +194,343+26.7% | Added |
| Stifel Financial Corp | 1,074,083 | $109.0M | 0.11% | +2,895+0.3% | Added |
| Alliancebernstein L.P. | 1,080,988 | $109.7M | 0.04% | −764,759−41.4% | Reduced |
| British Columbia Investment Management Corp | 1,099,524 | $111.5M | 0.66% | −412,195−27.3% | Reduced |
| Manning & Napier Advisors LLC | 1,109,174 | $112.6M | 1.29% | −22,061−2.0% | Reduced |
| Alberta Investment Management Corp | 1,188,302 | $120.6M | 0.80% | −80,896−6.4% | Reduced |
| Royal London Asset Management Ltd | 1,201,886 | $122.0M | 0.30% | −368,502−23.5% | Reduced |
| Dimensional Fund Advisors LP | 1,211,222 | $122.9M | 0.03% | +31,752+2.7% | Added |
| Clearbridge Investments, LLC | 1,281,715 | $130.1M | 0.11% | +128,966+11.2% | Added |
| Toronto Dominion Bank | 1,289,719 | $130.8M | 0.25% | −202,499−13.6% | Reduced |
| Charles Schwab Investment Management Inc | 1,419,044 | $144.0M | 0.03% | +50,548+3.7% | Added |
| Millennium Management LLC | 1,494,447 | $151.7M | 0.13% | +618,260+70.6% | Added |
| Loring Wolcott & Coolidge Fiduciary Advisors LLP | 1,453,795 | $155.2M | 1.34% | −9,361−0.6% | Reduced |
| Swiss National Bank | 1,553,200 | $157.6M | 0.10% | −72,400−4.5% | Reduced |
| TD Waterhouse Canada Inc. | 1,739,236 | $175.7M | 1.42% | +18,576+1.1% | Added |
| Findlay Park Partners LLP | 1,805,568 | $183.3M | 1.82% | −2,300−0.1% | Reduced |
| FMR LLC | 1,871,259 | $190.0M | 0.01% | −17,948−1.0% | Reduced |
| Goldman Sachs Group Inc | 1,909,100 | $193.8M | 0.04% | +111,455+6.2% | Added |
| Ninety One UK Ltd | 2,043,665 | $207.4M | 0.55% | +210,630+11.5% | Added |
| Canada Pension Plan Investment Board | 2,120,860 | $215.1M | 0.20% | −339,300−13.8% | Reduced |
| Canoe Financial LP | 2,137,743 | $216.9M | 3.54% | +2,137,743 | New |
| Harding Loevner LP | 2,478,657 | $251.6M | 1.70% | −140,403−5.4% | Reduced |
| Federation des caisses Desjardins du Quebec | 2,502,096 | $252.5M | 1.29% | +87,578+3.6% | Added |
| JPMorgan Chase & Co | 2,616,947 | $265.6M | 0.02% | +240,847+10.1% | Added |
| Bank of Nova Scotia | 2,757,030 | $279.9M | 0.49% | −160,874−5.5% | Reduced |
| Bank of America Corp | 2,799,074 | $284.1M | 0.03% | −147,243−5.0% | Reduced |
| FIL Ltd | 2,828,530 | $287.2M | 0.27% | −1,444,978−33.8% | Reduced |
| Morgan Stanley | 2,912,874 | $295.7M | 0.02% | −1,167,155−28.6% | Reduced |
| Scotia Capital Inc. | 3,012,858 | $304.7M | 1.61% | +321,178+11.9% | Added |
| Geode Capital Management, LLC | 3,306,192 | $341.0M | 0.03% | +743,712+29.0% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 3,556,179 | $360.7M | 1.63% | −406,793−10.3% | Reduced |
| Manufacturers Life Insurance Company, The | 3,857,084 | $392.2M | 0.34% | +37,461+1.0% | Added |
| Beutel, Goodman & Co Ltd. | 4,116,484 | $417.8M | 2.27% | −420,309−9.3% | Reduced |
| Legal & General Group Plc | 4,529,315 | $459.7M | 0.12% | −191,562−4.1% | Reduced |
| Arrowstreet Capital, Limited Partnership | 4,814,469 | $488.5M | 0.39% | +1,102,977+29.7% | Added |
| CIBC Asset Management Inc | 5,119,674 | $519.8M | 1.70% | +571,967+12.6% | Added |
| CIBC World Markets Inc. | 5,329,751 | $541.0M | 1.25% | −287,348−5.1% | Reduced |
| Price T Rowe Associates Inc | 5,489,874 | $557.3M | 0.06% | +1,380,554+33.6% | Added |
| Norges Bank | 5,551,563 | $563.0M | 0.07% | −200,854−3.5% | Reduced |
| Fiera Capital Corp | 5,624,594 | $570.6M | 1.80% | +142,070+2.6% | Added |
| Deutsche Bank AG | 5,701,425 | $578.8M | 0.23% | +316,422+5.9% | Added |
| National Bank of Canada | 7,757,997 | $787.6M | 1.02% | +1,020,675+15.1% | Added |
| Mackenzie Financial Corp | 8,066,218 | $818.2M | 1.11% | −872,621−9.8% | Reduced |
| Jarislowsky, Fraser Ltd | 9,159,075 | $926.6M | 5.42% | +422,078+4.8% | Added |
| 1832 Asset Management L.P. | 10,607,365 | $1.08B | 1.92% | +345,352+3.4% | Added |
| TD Asset Management Inc | 11,768,500 | $1.19B | 1.06% | +309,210+2.7% | Added |
| Capital International Investors | 11,822,063 | $1.20B | 0.23% | +1,341,133+12.8% | Added |
| Massachusetts Financial Services Co | 12,097,715 | $1.23B | 0.39% | −1,767,989−12.8% | Reduced |
| Bank of New York Mellon Corp | 12,490,148 | $1.27B | 0.23% | −662,080−5.0% | Reduced |
| Caisse de Depot Et Placement du Quebec | 12,496,600 | $1.27B | 2.64% | 00.0% | Unchanged |
| Bank of Montreal | 15,346,289 | $1.56B | 0.78% | −385,896−2.5% | Reduced |
| Wellington Management Group LLP | 17,476,898 | $1.77B | 0.32% | −1,085,291−5.8% | Reduced |
| Vanguard Group Inc | 22,986,678 | $2.33B | 0.04% | +101,228+0.4% | Added |
| Royal Bank of Canada | 27,757,038 | $2.82B | 0.61% | +2,044,622+8.0% | Added |
| TCI Fund Management LtdSuperinvestorTCI Fund Management | 29,693,764 | $3.01B | 7.11% | −5,743,513−16.2% | Reduced |
| Gates Foundation TrustSuperinvestorGates Foundation Trust | 54,826,786 | $5.57B | 13.25% | 00.0% | Unchanged |
| Rivulet Capital, LLC | 0 | $0 | 0.00% | −836,450−100.0% | Sold out |
| Consulta Ltd | 0 | $0 | 0.00% | −700,000−100.0% | Sold out |
| Raub Brock Capital Management LP | 0 | $0 | 0.00% | −126,347−100.0% | Sold out |
| Symmetry Investments LP | 0 | $0 | 0.00% | −60,249−100.0% | Sold out |
| Level Four Advisory Services, LLC | 0 | $0 | 0.00% | −40,435−100.0% | Sold out |
| W.G. Shaheen & Associates DBA Whitney & Co | 0 | $0 | 0.00% | −36,403−100.0% | Sold out |
| Investment Management Corp of Ontario | 0 | $0 | 0.00% | −24,630−100.0% | Sold out |
| Seven Eight Capital, LP | 0 | $0 | 0.00% | −24,155−100.0% | Sold out |
| Azzad Asset Management Inc | 0 | $0 | 0.00% | −23,675−100.0% | Sold out |
| Icon Advisers Inc | 0 | $0 | 0.00% | −20,000−100.0% | Sold out |
| GTS Securities LLC | 0 | $0 | 0.00% | −18,437−100.0% | Sold out |
| DRW Securities, LLC | 0 | $0 | 0.00% | −13,500−100.0% | Sold out |
| IMC-Chicago, LLC | 0 | $0 | 0.00% | −12,709−100.0% | Sold out |
| Correct Capital Wealth Management | 0 | $0 | 0.00% | −12,629−100.0% | Sold out |
| Lake Street Advisors Group, LLC | 0 | $0 | 0.00% | −10,244−100.0% | Sold out |
| Veriti Management LLC | 0 | $0 | 0.00% | −9,962−100.0% | Sold out |
| Maverick Capital LtdSuperinvestorMaverick Capital | 0 | $0 | 0.00% | −9,088−100.0% | Sold out |
| Prudential Financial Inc | 0 | $0 | 0.00% | −8,412−100.0% | Sold out |
| Prelude Capital Management, LLC | 0 | $0 | 0.00% | −7,945−100.0% | Sold out |
| MQS Management LLC | 0 | $0 | 0.00% | −7,755−100.0% | Sold out |
| Brasada Capital Management, LP | 0 | $0 | 0.00% | −7,759−100.0% | Sold out |
| Employees Retirement System of Texas | 0 | $0 | 0.00% | −7,552−100.0% | Sold out |
| Concurrent Investment Advisors, LLC | 0 | $0 | 0.00% | −7,523−100.0% | Sold out |
| Catalytic Wealth RIA, LLC | 0 | $0 | 0.00% | −5,582−100.0% | Sold out |
| Hudson Bay Capital Management LP | 0 | $0 | 0.00% | −5,000−100.0% | Sold out |
| Dynamic Technology Lab Private Ltd | 0 | $0 | 0.00% | −4,449−100.0% | Sold out |
| Glenview Trust Co | 0 | $0 | 0.00% | −3,712−100.0% | Sold out |
| Arkadios Wealth Advisors | 0 | $0 | 0.00% | −3,675−100.0% | Sold out |
| D L Carlson Investment Group Inc | 0 | $0 | 0.00% | −3,586−100.0% | Sold out |
| Kelman-Lazarov, Inc. | 0 | $0 | 0.00% | −3,351−100.0% | Sold out |
| International Assets Investment Management, LLC | 0 | $0 | 0.00% | −45,103−100.0% | Sold out |
| Focus Financial Network, Inc. | 0 | $0 | 0.00% | −3,243−100.0% | Sold out |
| Fisher Asset Management, LLC | 0 | $0 | 0.00% | −3,135−100.0% | Sold out |
| Journey Strategic Wealth LLC | 0 | $0 | 0.00% | −2,884−100.0% | Sold out |
| Murchinson Ltd. | 0 | $0 | 0.00% | −2,056−100.0% | Sold out |
| Doheny Asset Management | 0 | $0 | 0.00% | −2,690−100.0% | Sold out |
| Guyasuta Investment Advisors Inc | 0 | $0 | 0.00% | −2,600−100.0% | Sold out |
| Endowment Wealth Management, Inc. | 0 | $0 | 0.00% | −2,504−100.0% | Sold out |
| One Wealth Advisors, LLC | 0 | $0 | 0.00% | −2,318−100.0% | Sold out |
| Insigneo Advisory Services, LLC | 0 | $0 | 0.00% | −2,303−100.0% | Sold out |
| Marks Group Wealth Management, Inc | 0 | $0 | 0.00% | −2,272−100.0% | Sold out |
| Breed's Hill Capital LLC | 0 | $0 | 0.00% | −2,271−100.0% | Sold out |
| Dorsey & Whitney Trust CO LLC | 0 | $0 | 0.00% | −2,266−100.0% | Sold out |