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, Q1 2025
Institutional positions in Canadian National Railway Co as of Mar 31, 2025. 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
- 824
- −23 vs. Q4 2024
- Shares held
- 428.5M
- +4.95M (+1.2%) vs. Q4 2024
- Total value
- $41.8B
- −$1.24B (−2.9%) vs. Q4 2024
- New holders
- 71
- 261 more added
- Sold out
- 94
- 318 more reduced
10 institutions that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 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, Q1 2025
Shares, value and share of portfolio for each institution holding Canadian National Railway Co; share changes are against Q4 2024.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Gates Foundation TrustSuperinvestorGates Foundation Trust | 54,826,786 | $5.34B | 12.78% | 00.0% | Unchanged |
| Royal Bank of Canada | 26,949,917 | $2.63B | 0.59% | −807,121−2.9% | Reduced |
| TCI Fund Management LtdSuperinvestorTCI Fund Management | 26,899,078 | $2.62B | 6.04% | −2,794,686−9.4% | Reduced |
| Vanguard Group Inc | 23,165,939 | $2.25B | 0.04% | +179,261+0.8% | Added |
| Wellington Management Group LLP | 16,136,037 | $1.57B | 0.30% | −1,340,861−7.7% | Reduced |
| Bank of Montreal | 14,585,827 | $1.42B | 0.76% | −760,462−5.0% | Reduced |
| Caisse de Depot Et Placement du Quebec | 12,496,600 | $1.22B | 2.55% | 00.0% | Unchanged |
| Massachusetts Financial Services Co | 12,121,917 | $1.18B | 0.39% | +24,202+0.2% | Added |
| Bank of New York Mellon Corp | 12,110,606 | $1.18B | 0.23% | −379,542−3.0% | Reduced |
| TD Asset Management Inc | 11,798,566 | $1.15B | 1.06% | +30,066+0.3% | Added |
| Capital International Investors | 11,555,543 | $1.12B | 0.22% | −266,520−2.3% | Reduced |
| 1832 Asset Management L.P. | 11,243,512 | $1.10B | 2.09% | +636,147+6.0% | Added |
| Jarislowsky, Fraser Ltd | 9,216,459 | $896.8M | 5.62% | +57,384+0.6% | Added |
| Mackenzie Financial Corp | 8,571,806 | $834.1M | 1.19% | +505,588+6.3% | Added |
| National Bank of Canada | 7,579,624 | $736.3M | 0.86% | −178,373−2.3% | Reduced |
| Price T Rowe Associates Inc | 6,638,443 | $647.0M | 0.08% | +1,148,569+20.9% | Added |
| CIBC World Markets Inc. | 6,545,322 | $637.9M | 1.46% | +1,215,571+22.8% | Added |
| Deutsche Bank AG | 6,155,864 | $600.0M | 0.24% | +454,439+8.0% | Added |
| Norges Bank | 5,548,937 | $540.1M | 0.08% | −2,6260.0% | Reduced |
| Fiera Capital Corp | 5,469,682 | $532.8M | 1.92% | −154,912−2.8% | Reduced |
| Manufacturers Life Insurance Company, The | 5,296,701 | $518.3M | 0.49% | +1,439,617+37.3% | Added |
| Arrowstreet Capital, Limited Partnership | 5,244,851 | $510.8M | 0.41% | +430,382+8.9% | Added |
| CIBC Asset Management Inc | 4,947,425 | $482.6M | 1.60% | −172,249−3.4% | Reduced |
| Legal & General Group Plc | 4,310,696 | $419.5M | 0.11% | −218,619−4.8% | Reduced |
| Beutel, Goodman & Co Ltd. | 4,262,691 | $414.8M | 2.39% | +146,207+3.6% | Added |
| Geode Capital Management, LLC | 3,676,601 | $364.1M | 0.03% | +370,409+11.2% | Added |
| FIL Ltd | 3,248,897 | $316.2M | 0.30% | +420,367+14.9% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 3,200,236 | $311.5M | 1.36% | −355,943−10.0% | Reduced |
| Scotia Capital Inc. | 3,186,189 | $308.9M | 1.66% | +173,331+5.8% | Added |
| Federation des caisses Desjardins du Quebec | 2,990,341 | $290.0M | 1.44% | +488,245+19.5% | Added |
| Morgan Stanley | 2,887,767 | $281.4M | 0.02% | −25,107−0.9% | Reduced |
| Canada Pension Plan Investment Board | 2,858,739 | $278.2M | 0.27% | +737,879+34.8% | Added |
| Bank of Nova Scotia | 2,777,564 | $270.3M | 0.61% | +20,534+0.7% | Added |
| JPMorgan Chase & Co | 2,665,089 | $259.7M | 0.02% | +48,142+1.8% | Added |
| Goldman Sachs Group Inc | 2,664,618 | $259.7M | 0.05% | +755,518+39.6% | Added |
| Bank of America Corp | 2,429,920 | $236.8M | 0.02% | −369,154−13.2% | Reduced |
| Canoe Financial LP | 2,431,661 | $236.7M | 3.79% | +293,918+13.7% | Added |
| Harding Loevner LP | 2,395,464 | $233.5M | 1.79% | −83,193−3.4% | Reduced |
| Quadrature Capital Ltd | 2,210,700 | $216.4M | 4.80% | +1,148,400+108.1% | Added |
| Ninety One UK Ltd | 1,901,342 | $185.0M | 0.51% | −142,323−7.0% | Reduced |
| Findlay Park Partners LLP | 1,830,068 | $178.4M | 1.84% | +24,500+1.4% | Added |
| TD Waterhouse Canada Inc. | 1,800,149 | $176.7M | 1.45% | +60,913+3.5% | Added |
| FMR LLC | 1,776,069 | $172.8M | 0.01% | −95,190−5.1% | Reduced |
| Swiss National Bank | 1,521,100 | $148.1M | 0.10% | −32,100−2.1% | Reduced |
| Amundi | 1,337,919 | $146.5M | 0.05% | +432,860+47.8% | Added |
| Charles Schwab Investment Management Inc | 1,462,440 | $142.3M | 0.03% | +43,396+3.1% | Added |
| Loring Wolcott & Coolidge Fiduciary Advisors LLP | 1,432,307 | $140.0M | 1.36% | −21,488−1.5% | Reduced |
| Troy Asset Management Ltd | 1,400,695 | $136.5M | 3.73% | +1,217,449+664.4% | Added |
| Clearbridge Investments, LLC | 1,302,684 | $127.0M | 0.11% | +20,969+1.6% | Added |
| Toronto Dominion Bank | 1,252,824 | $121.9M | 0.31% | −36,895−2.9% | Reduced |
| Alberta Investment Management Corp | 1,239,813 | $120.6M | 0.83% | +51,511+4.3% | Added |
| Dimensional Fund Advisors LP | 1,210,356 | $118.0M | 0.03% | −866−0.1% | Reduced |
| Nuveen, LLC | 1,153,289 | $112.2M | 0.04% | +1,153,289 | New |
| Stifel Financial Corp | 1,144,871 | $111.6M | 0.12% | +70,788+6.6% | Added |
| Douglass Winthrop Advisors, LLC | 1,054,591 | $102.8M | 1.96% | +18,523+1.8% | Added |
| Voloridge Investment Management, LLC | 1,034,406 | $100.8M | 0.37% | −12,701−1.2% | Reduced |
| Point72 Asset Management, L.P. | 976,943 | $95.2M | 0.27% | +282,913+40.8% | Added |
| UBS Asset Management Americas Inc | 975,049 | $95.0M | 0.02% | +292,704+42.9% | Added |
| British Columbia Investment Management Corp | 926,064 | $90.1M | 0.56% | −173,460−15.8% | Reduced |
| BLI - Banque de Luxembourg Investments | 896,295 | $87.7M | 2.66% | +203,200+29.3% | Added |
| Manning & Napier Advisors LLC | 859,898 | $83.8M | 1.03% | −249,276−22.5% | Reduced |
| Millennium Management LLC | 851,180 | $83.0M | 0.08% | −643,267−43.0% | Reduced |
| MUFG Securities (Canada), Ltd. | 843,532 | $82.1M | 2.86% | −1,442−0.2% | Reduced |
| ClearBridge Investments Ltd | 813,690 | $79.3M | 2.06% | +9,478+1.2% | Added |
| Brown Advisory Inc | 811,344 | $79.1M | 0.11% | −4,149−0.5% | Reduced |
| Agf Management Ltd | 646,978 | $78.2M | 0.41% | −274,418−29.8% | Reduced |
| Scheer, Rowlett & Associates Investment Management Ltd. | 730,893 | $71.1M | 5.27% | +20,097+2.8% | Added |
| Burgundy Asset Management Ltd. | 711,819 | $69.3M | 0.72% | −8,169−1.1% | Reduced |
| Cardinal Capital Management, Inc. | 709,315 | $69.1M | 2.35% | +31,104+4.6% | Added |
| State of Tennessee, Treasury Department | 665,936 | $64.8M | 0.25% | +31,711+5.0% | Added |
| Northern Trust Corp | 639,541 | $62.3M | 0.01% | +109,232+20.6% | Added |
| Addenda Capital Inc. | 430,968 | $60.4M | 2.23% | −24,233−5.3% | Reduced |
| Intact Investment Management Inc. | 618,479 | $60.2M | 2.06% | +203,030+48.9% | Added |
| UBS Group AG | 604,535 | $58.9M | 0.01% | +120,844+25.0% | Added |
| BNP Paribas Arbitrage, SA | 601,425 | $58.6M | 0.04% | +194,482+47.8% | Added |
| Russell Investments Group, Ltd. | 596,077 | $58.0M | 0.08% | −20,589−3.3% | Reduced |
| Schonfeld Strategic Advisors LLC | 593,501 | $57.8M | 0.39% | +424,698+251.6% | Added |
| BlackRock, Inc. | 586,948 | $57.2M | 0.00% | +3,243+0.6% | Added |
| Renaissance Technologies LLC | 573,700 | $55.9M | 0.08% | +220,800+62.6% | Added |
| Value Partners Investments Inc. | 553,290 | $53.9M | 4.65% | +507,254+1,101.9% | Added |
| Ameriprise Financial Inc | 526,824 | $51.8M | 0.01% | +17,682+3.5% | Added |
| Invesco Ltd. | 513,968 | $50.1M | 0.01% | −9,976−1.9% | Reduced |
| Dixon Mitchell Investment Counsel Inc. | 509,827 | $49.6M | 2.24% | +18,888+3.8% | Added |
| QV Investors Inc. | 505,605 | $49.2M | 4.97% | +65,944+15.0% | Added |
| Two Sigma Investments, LP | 503,818 | $49.1M | 0.11% | −106,274−17.4% | Reduced |
| Encompass Capital Advisors LLC | 500,000 | $48.7M | 1.87% | +500,000 | New |
| Macquarie Group Ltd | 357,084 | $48.4M | 0.06% | +318,483+825.1% | Added |
| Franklin Resources Inc | 491,429 | $47.8M | 0.01% | −129,920−20.9% | Reduced |
| Partners Group Holding AG | 479,117 | $47.2M | 1.98% | +77,476+19.3% | Added |
| SEI Investments Co | 457,804 | $44.6M | 0.06% | +82,003+21.8% | Added |
| DekaBank Deutsche Girozentrale | 456,943 | $44.2M | 0.09% | +1730.0% | Added |
| First Trust Advisors LP | 419,267 | $40.9M | 0.04% | +1,508+0.4% | Added |
| Capital International Inc | 419,418 | $40.8M | 0.49% | −112,675−21.2% | Reduced |
| Lincluden Management Ltd | 408,222 | $39.7M | 5.05% | +45,635+12.6% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 407,861 | $39.7M | 0.11% | +158,335+63.5% | Added |
| Cidel Asset Management Inc | 391,333 | $38.1M | 2.49% | +2,414+0.6% | Added |
| Marshall Wace, LLP | 384,136 | $37.4M | 0.05% | +300,998+362.0% | Added |
| Saturna Capital CORP | 384,000 | $37.4M | 0.56% | 00.0% | Unchanged |
| Royal London Asset Management Ltd | 380,128 | $37.0M | 0.09% | −821,758−68.4% | Reduced |
| Aviva PLC | 375,337 | $36.6M | 0.09% | +52,117+16.1% | Added |