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 |
|---|---|---|---|---|---|
| Capital Group Private Client Services, Inc. | 254,210 | $24.7M | 0.24% | +56,755+28.7% | Added |
| Banque Transatlantique SA | 253,927 | $24.8M | 0.75% | −48,070−15.9% | Reduced |
| Bank of Nova Scotia Trust Co | 258,666 | $25.2M | 2.69% | −11,024−4.1% | Reduced |
| Two Sigma Advisers, LP | 266,272 | $26.0M | 0.06% | +56,900+27.2% | Added |
| Qube Research & Technologies Ltd | 275,300 | $26.8M | 0.04% | −99,870−26.6% | Reduced |
| Raymond James Financial Inc | 280,287 | $27.3M | 0.01% | +4,235+1.5% | Added |
| Bridgewater Associates, LP | 283,460 | $27.6M | 0.13% | +26,716+10.4% | Added |
| Ycg, LLC | 285,847 | $27.9M | 2.18% | −55,112−16.2% | Reduced |
| Louisbourg Investments Inc. | 289,119 | $28.2M | 7.65% | +2,050+0.7% | Added |
| D. E. Shaw & Co., Inc. | 301,772 | $29.4M | 0.03% | −289,043−48.9% | Reduced |
| CIBC Private Wealth Group, LLC | 317,968 | $29.5M | 0.06% | +19,257+6.4% | Added |
| Interval Partners, LP | 305,601 | $29.8M | 1.05% | +305,601 | New |
| Envestnet Asset Management Inc | 314,470 | $30.6M | 0.01% | −23,375−6.9% | Reduced |
| Guardian Capital LP | 320,481 | $31.2M | 1.23% | −6,936−2.1% | Reduced |
| Holocene Advisors, LP | 333,703 | $32.5M | 0.10% | +333,703 | New |
| Balyasny Asset Management LLC | 334,851 | $32.6M | 0.08% | −518,673−60.8% | Reduced |
| Northwest & Ethical Investments L.P. | 341,221 | $33.2M | 0.90% | +35,020+11.4% | Added |
| Korea Investment CORP | 342,873 | $33.4M | 0.08% | −14,172−4.0% | Reduced |
| APG Asset Management N.V. | 372,100 | $33.5M | 0.10% | −13,600−3.5% | Reduced |
| Alliancebernstein L.P. | 351,311 | $34.2M | 0.01% | −729,677−67.5% | Reduced |
| Rivulet Capital, LLC | 356,600 | $34.8M | 3.40% | +356,600 | New |
| Pictet Asset Management Holding SA | 360,038 | $35.0M | 0.04% | +19,620+5.8% | Added |
| Public Employees Retirement System of Ohio | 367,880 | $35.8M | 0.13% | −2,430−0.7% | Reduced |
| Great West Life Assurance Co | 375,478 | $36.5M | 0.06% | −13,107−3.4% | Reduced |
| Aviva PLC | 375,337 | $36.6M | 0.09% | +52,117+16.1% | Added |
| Royal London Asset Management Ltd | 380,128 | $37.0M | 0.09% | −821,758−68.4% | Reduced |
| Saturna Capital CORP | 384,000 | $37.4M | 0.56% | 00.0% | Unchanged |
| Marshall Wace, LLP | 384,136 | $37.4M | 0.05% | +300,998+362.0% | Added |
| Cidel Asset Management Inc | 391,333 | $38.1M | 2.49% | +2,414+0.6% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 407,861 | $39.7M | 0.11% | +158,335+63.5% | Added |
| Lincluden Management Ltd | 408,222 | $39.7M | 5.05% | +45,635+12.6% | Added |
| Capital International Inc | 419,418 | $40.8M | 0.49% | −112,675−21.2% | Reduced |
| First Trust Advisors LP | 419,267 | $40.9M | 0.04% | +1,508+0.4% | Added |
| DekaBank Deutsche Girozentrale | 456,943 | $44.2M | 0.09% | +1730.0% | Added |
| SEI Investments Co | 457,804 | $44.6M | 0.06% | +82,003+21.8% | Added |
| Partners Group Holding AG | 479,117 | $47.2M | 1.98% | +77,476+19.3% | Added |
| Franklin Resources Inc | 491,429 | $47.8M | 0.01% | −129,920−20.9% | Reduced |
| Macquarie Group Ltd | 357,084 | $48.4M | 0.06% | +318,483+825.1% | Added |
| Encompass Capital Advisors LLC | 500,000 | $48.7M | 1.87% | +500,000 | New |
| Two Sigma Investments, LP | 503,818 | $49.1M | 0.11% | −106,274−17.4% | Reduced |
| QV Investors Inc. | 505,605 | $49.2M | 4.97% | +65,944+15.0% | Added |
| Dixon Mitchell Investment Counsel Inc. | 509,827 | $49.6M | 2.24% | +18,888+3.8% | Added |
| Invesco Ltd. | 513,968 | $50.1M | 0.01% | −9,976−1.9% | Reduced |
| Ameriprise Financial Inc | 526,824 | $51.8M | 0.01% | +17,682+3.5% | Added |
| Value Partners Investments Inc. | 553,290 | $53.9M | 4.65% | +507,254+1,101.9% | Added |
| Renaissance Technologies LLC | 573,700 | $55.9M | 0.08% | +220,800+62.6% | Added |
| BlackRock, Inc. | 586,948 | $57.2M | 0.00% | +3,243+0.6% | Added |
| Schonfeld Strategic Advisors LLC | 593,501 | $57.8M | 0.39% | +424,698+251.6% | Added |
| Russell Investments Group, Ltd. | 596,077 | $58.0M | 0.08% | −20,589−3.3% | Reduced |
| BNP Paribas Arbitrage, SA | 601,425 | $58.6M | 0.04% | +194,482+47.8% | Added |
| UBS Group AG | 604,535 | $58.9M | 0.01% | +120,844+25.0% | Added |
| Intact Investment Management Inc. | 618,479 | $60.2M | 2.06% | +203,030+48.9% | Added |
| Addenda Capital Inc. | 430,968 | $60.4M | 2.23% | −24,233−5.3% | Reduced |
| Northern Trust Corp | 639,541 | $62.3M | 0.01% | +109,232+20.6% | Added |
| State of Tennessee, Treasury Department | 665,936 | $64.8M | 0.25% | +31,711+5.0% | Added |
| Cardinal Capital Management, Inc. | 709,315 | $69.1M | 2.35% | +31,104+4.6% | Added |
| Burgundy Asset Management Ltd. | 711,819 | $69.3M | 0.72% | −8,169−1.1% | Reduced |
| Scheer, Rowlett & Associates Investment Management Ltd. | 730,893 | $71.1M | 5.27% | +20,097+2.8% | Added |
| Agf Management Ltd | 646,978 | $78.2M | 0.41% | −274,418−29.8% | Reduced |
| Brown Advisory Inc | 811,344 | $79.1M | 0.11% | −4,149−0.5% | Reduced |
| ClearBridge Investments Ltd | 813,690 | $79.3M | 2.06% | +9,478+1.2% | Added |
| MUFG Securities (Canada), Ltd. | 843,532 | $82.1M | 2.86% | −1,442−0.2% | Reduced |
| Millennium Management LLC | 851,180 | $83.0M | 0.08% | −643,267−43.0% | Reduced |
| Manning & Napier Advisors LLC | 859,898 | $83.8M | 1.03% | −249,276−22.5% | Reduced |
| BLI - Banque de Luxembourg Investments | 896,295 | $87.7M | 2.66% | +203,200+29.3% | Added |
| British Columbia Investment Management Corp | 926,064 | $90.1M | 0.56% | −173,460−15.8% | Reduced |
| UBS Asset Management Americas Inc | 975,049 | $95.0M | 0.02% | +292,704+42.9% | Added |
| Point72 Asset Management, L.P. | 976,943 | $95.2M | 0.27% | +282,913+40.8% | Added |
| Voloridge Investment Management, LLC | 1,034,406 | $100.8M | 0.37% | −12,701−1.2% | Reduced |
| Douglass Winthrop Advisors, LLC | 1,054,591 | $102.8M | 1.96% | +18,523+1.8% | Added |
| Stifel Financial Corp | 1,144,871 | $111.6M | 0.12% | +70,788+6.6% | Added |
| Nuveen, LLC | 1,153,289 | $112.2M | 0.04% | +1,153,289 | New |
| Dimensional Fund Advisors LP | 1,210,356 | $118.0M | 0.03% | −866−0.1% | Reduced |
| Alberta Investment Management Corp | 1,239,813 | $120.6M | 0.83% | +51,511+4.3% | Added |
| Toronto Dominion Bank | 1,252,824 | $121.9M | 0.31% | −36,895−2.9% | Reduced |
| Clearbridge Investments, LLC | 1,302,684 | $127.0M | 0.11% | +20,969+1.6% | Added |
| Troy Asset Management Ltd | 1,400,695 | $136.5M | 3.73% | +1,217,449+664.4% | Added |
| Loring Wolcott & Coolidge Fiduciary Advisors LLP | 1,432,307 | $140.0M | 1.36% | −21,488−1.5% | Reduced |
| Charles Schwab Investment Management Inc | 1,462,440 | $142.3M | 0.03% | +43,396+3.1% | Added |
| Amundi | 1,337,919 | $146.5M | 0.05% | +432,860+47.8% | Added |
| Swiss National Bank | 1,521,100 | $148.1M | 0.10% | −32,100−2.1% | Reduced |
| FMR LLC | 1,776,069 | $172.8M | 0.01% | −95,190−5.1% | Reduced |
| TD Waterhouse Canada Inc. | 1,800,149 | $176.7M | 1.45% | +60,913+3.5% | Added |
| Findlay Park Partners LLP | 1,830,068 | $178.4M | 1.84% | +24,500+1.4% | Added |
| Ninety One UK Ltd | 1,901,342 | $185.0M | 0.51% | −142,323−7.0% | Reduced |
| Quadrature Capital Ltd | 2,210,700 | $216.4M | 4.80% | +1,148,400+108.1% | Added |
| Harding Loevner LP | 2,395,464 | $233.5M | 1.79% | −83,193−3.4% | Reduced |
| Canoe Financial LP | 2,431,661 | $236.7M | 3.79% | +293,918+13.7% | Added |
| Bank of America Corp | 2,429,920 | $236.8M | 0.02% | −369,154−13.2% | Reduced |
| Goldman Sachs Group Inc | 2,664,618 | $259.7M | 0.05% | +755,518+39.6% | Added |
| JPMorgan Chase & Co | 2,665,089 | $259.7M | 0.02% | +48,142+1.8% | Added |
| Bank of Nova Scotia | 2,777,564 | $270.3M | 0.61% | +20,534+0.7% | Added |
| Canada Pension Plan Investment Board | 2,858,739 | $278.2M | 0.27% | +737,879+34.8% | Added |
| Morgan Stanley | 2,887,767 | $281.4M | 0.02% | −25,107−0.9% | Reduced |
| Federation des caisses Desjardins du Quebec | 2,990,341 | $290.0M | 1.44% | +488,245+19.5% | Added |
| Scotia Capital Inc. | 3,186,189 | $308.9M | 1.66% | +173,331+5.8% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 3,200,236 | $311.5M | 1.36% | −355,943−10.0% | Reduced |
| FIL Ltd | 3,248,897 | $316.2M | 0.30% | +420,367+14.9% | Added |
| Geode Capital Management, LLC | 3,676,601 | $364.1M | 0.03% | +370,409+11.2% | Added |
| Beutel, Goodman & Co Ltd. | 4,262,691 | $414.8M | 2.39% | +146,207+3.6% | Added |