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, Q2 2025
Institutional positions in Canadian National Railway Co as of Jun 30, 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
- 821
- +9 vs. Q1 2025
- Shares held
- 429.7M
- +1.32M (+0.3%) vs. Q1 2025
- Total value
- $44.8B
- +$3.00B (+7.2%) vs. Q1 2025
- New holders
- 78
- 281 more added
- Sold out
- 69
- 280 more reduced
12 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q1 2025: 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, Q2 2025
Shares, value and share of portfolio for each institution holding Canadian National Railway Co; share changes are against Q1 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Gates Foundation TrustSuperinvestorGates Foundation Trust | 54,826,786 | $5.70B | 11.94% | 00.0% | Unchanged |
| Royal Bank of Canada | 28,151,647 | $2.93B | 0.57% | +1,201,730+4.5% | Added |
| Vanguard Group Inc | 23,927,393 | $2.49B | 0.04% | +761,454+3.3% | Added |
| TCI Fund Management LtdSuperinvestorTCI Fund Management | 22,989,066 | $2.39B | 4.72% | −3,910,012−14.5% | Reduced |
| Wellington Management Group LLP | 22,508,725 | $2.34B | 0.42% | +6,372,688+39.5% | Added |
| Bank of Montreal | 14,228,768 | $1.48B | 0.75% | −357,059−2.4% | Reduced |
| Caisse de Depot Et Placement du Quebec | 13,737,922 | $1.43B | 3.05% | +1,241,322+9.9% | Added |
| TD Asset Management Inc | 12,072,540 | $1.26B | 1.07% | +273,974+2.3% | Added |
| Massachusetts Financial Services Co | 11,823,661 | $1.23B | 0.39% | −298,256−2.5% | Reduced |
| 1832 Asset Management L.P. | 10,622,973 | $1.11B | 1.93% | −620,539−5.5% | Reduced |
| Capital International Investors | 10,505,583 | $1.09B | 0.19% | −1,049,960−9.1% | Reduced |
| Jarislowsky, Fraser Ltd | 9,241,703 | $961.0M | 5.49% | +25,244+0.3% | Added |
| Mackenzie Financial Corp | 8,590,209 | $895.6M | 1.16% | +18,403+0.2% | Added |
| National Bank of Canada | 7,454,515 | $775.2M | 0.84% | −125,109−1.7% | Reduced |
| Manufacturers Life Insurance Company, The | 6,705,679 | $695.0M | 0.62% | +1,408,978+26.6% | Added |
| Arrowstreet Capital, Limited Partnership | 6,296,828 | $655.8M | 0.46% | +1,051,977+20.1% | Added |
| Price T Rowe Associates Inc | 6,166,441 | $641.6M | 0.07% | −472,002−7.1% | Reduced |
| Deutsche Bank AG | 6,054,629 | $629.9M | 0.23% | −101,235−1.6% | Reduced |
| Fiera Capital Corp | 5,800,583 | $604.0M | 2.05% | +330,901+6.0% | Added |
| Bank of New York Mellon Corp | 5,713,579 | $594.4M | 0.11% | −6,397,027−52.8% | Reduced |
| Norges Bank | 5,677,554 | $591.9M | 0.07% | +128,617+2.3% | Added |
| CIBC Asset Management Inc | 5,222,470 | $544.6M | 1.71% | +275,045+5.6% | Added |
| CIBC World Markets Inc. | 4,844,477 | $504.0M | 1.12% | −1,700,845−26.0% | Reduced |
| FIL Ltd | 4,727,516 | $492.6M | 0.42% | +1,478,619+45.5% | Added |
| Geode Capital Management, LLC | 4,365,910 | $460.1M | 0.03% | +689,309+18.7% | Added |
| Legal & General Group Plc | 4,297,325 | $446.9M | 0.11% | −13,371−0.3% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 4,220,150 | $440.0M | 1.55% | +1,019,914+31.9% | Added |
| Beutel, Goodman & Co Ltd. | 4,134,954 | $430.0M | 2.45% | −127,737−3.0% | Reduced |
| Canada Pension Plan Investment Board | 3,634,439 | $378.9M | 0.32% | +775,700+27.1% | Added |
| Goldman Sachs Group Inc | 3,498,540 | $364.0M | 0.06% | +833,922+31.3% | Added |
| Scotia Capital Inc. | 3,498,724 | $363.3M | 1.72% | +312,535+9.8% | Added |
| Federation des caisses Desjardins du Quebec | 3,483,358 | $361.7M | 1.59% | +493,017+16.5% | Added |
| Bank of Nova Scotia | 2,774,099 | $289.0M | 0.59% | −3,465−0.1% | Reduced |
| Canoe Financial LP | 2,612,255 | $272.3M | 3.88% | +180,594+7.4% | Added |
| JPMorgan Chase & Co | 2,549,062 | $265.2M | 0.02% | −116,027−4.4% | Reduced |
| Harding Loevner LP | 2,325,177 | $241.9M | 1.63% | −70,287−2.9% | Reduced |
| Morgan Stanley | 2,280,449 | $237.3M | 0.02% | −607,318−21.0% | Reduced |
| Ninety One UK Ltd | 2,050,826 | $213.3M | 0.50% | +149,484+7.9% | Added |
| TD Waterhouse Canada Inc. | 1,844,782 | $193.3M | 1.38% | +44,633+2.5% | Added |
| Fisher Asset Management, LLC | 1,823,800 | $189.7M | 0.08% | +1,823,800 | New |
| Bank of America Corp | 1,798,548 | $187.1M | 0.02% | −631,372−26.0% | Reduced |
| ClearBridge Investments Ltd | 1,769,970 | $184.1M | 4.04% | +956,280+117.5% | Added |
| FMR LLC | 1,759,422 | $183.3M | 0.01% | −16,647−0.9% | Reduced |
| Swiss National Bank | 1,623,400 | $168.5M | 0.10% | +102,300+6.7% | Added |
| Charles Schwab Investment Management Inc | 1,527,359 | $158.8M | 0.03% | +64,919+4.4% | Added |
| Findlay Park Partners LLP | 1,490,368 | $155.1M | 1.60% | −339,700−18.6% | Reduced |
| Loring Wolcott & Coolidge Fiduciary Advisors LLP | 1,425,079 | $148.3M | 1.31% | −7,228−0.5% | Reduced |
| Troy Asset Management Ltd | 1,377,649 | $143.4M | 3.92% | −23,046−1.6% | Reduced |
| Toronto Dominion Bank | 1,363,872 | $142.2M | 0.31% | +111,048+8.9% | Added |
| Clearbridge Investments, LLC | 1,319,342 | $137.3M | 0.11% | +16,658+1.3% | Added |
| Nuveen, LLC | 1,319,521 | $137.2M | 0.04% | +166,232+14.4% | Added |
| Amundi | 1,146,635 | $134.3M | 0.05% | −191,284−14.3% | Reduced |
| Dimensional Fund Advisors LP | 1,247,904 | $129.8M | 0.03% | +37,548+3.1% | Added |
| Stifel Financial Corp | 1,176,848 | $122.4M | 0.12% | +31,977+2.8% | Added |
| Two Sigma Investments, LP | 1,136,881 | $118.3M | 0.21% | +633,063+125.7% | Added |
| Douglass Winthrop Advisors, LLC | 1,077,381 | $112.1M | 2.02% | +22,790+2.2% | Added |
| British Columbia Investment Management Corp | 1,039,445 | $108.4M | 0.63% | +113,381+12.2% | Added |
| Alberta Investment Management Corp | 1,024,500 | $106.8M | 0.84% | −215,313−17.4% | Reduced |
| UBS Asset Management Americas Inc | 1,006,197 | $104.7M | 0.02% | +31,148+3.2% | Added |
| MUFG Securities (Canada), Ltd. | 937,638 | $97.6M | 2.97% | +94,106+11.2% | Added |
| Agf Management Ltd | 800,550 | $97.4M | 0.44% | +153,572+23.7% | Added |
| BLI - Banque de Luxembourg Investments | 907,795 | $94.2M | 2.70% | +11,500+1.3% | Added |
| Brown Advisory Inc | 899,287 | $93.6M | 0.12% | +87,943+10.8% | Added |
| UBS Group AG | 823,394 | $85.7M | 0.02% | +218,859+36.2% | Added |
| Manning & Napier Advisors LLC | 820,103 | $85.3M | 1.02% | −39,795−4.6% | Reduced |
| Scheer, Rowlett & Associates Investment Management Ltd. | 802,257 | $83.6M | 5.42% | +71,364+9.8% | Added |
| Invesco Ltd. | 749,116 | $77.9M | 0.01% | +235,148+45.8% | Added |
| Cardinal Capital Management, Inc. | 731,350 | $76.2M | 2.38% | +22,035+3.1% | Added |
| State of Tennessee, Treasury Department | 718,137 | $74.7M | 0.27% | +52,201+7.8% | Added |
| Burgundy Asset Management Ltd. | 708,784 | $73.7M | 0.72% | −3,035−0.4% | Reduced |
| Macquarie Group Ltd | 517,907 | $71.9M | 0.09% | +160,823+45.0% | Added |
| BNP Paribas Arbitrage, SA | 655,840 | $68.2M | 0.05% | +54,415+9.0% | Added |
| Addenda Capital Inc. | 469,260 | $66.6M | 2.39% | +38,292+8.9% | Added |
| Russell Investments Group, Ltd. | 618,757 | $64.4M | 0.08% | +22,680+3.8% | Added |
| Voloridge Investment Management, LLC | 611,667 | $63.6M | 0.23% | −422,739−40.9% | Reduced |
| Qube Research & Technologies Ltd | 599,029 | $62.3M | 0.09% | +323,729+117.6% | Added |
| QV Investors Inc. | 590,955 | $61.5M | 6.03% | +85,350+16.9% | Added |
| Franklin Resources Inc | 583,219 | $60.8M | 0.02% | +91,790+18.7% | Added |
| Northern Trust Corp | 575,918 | $59.9M | 0.01% | −63,623−9.9% | Reduced |
| Renaissance Technologies LLC | 565,900 | $58.9M | 0.08% | −7,800−1.4% | Reduced |
| Value Partners Investments Inc. | 553,945 | $57.6M | 4.50% | +655+0.1% | Added |
| Dixon Mitchell Investment Counsel Inc. | 520,754 | $54.2M | 2.11% | +10,927+2.1% | Added |
| Two Sigma Advisers, LP | 519,472 | $54.0M | 0.11% | +253,200+95.1% | Added |
| SEI Investments Co | 514,769 | $53.6M | 0.06% | +56,965+12.4% | Added |
| Intact Investment Management Inc. | 498,493 | $51.9M | 1.76% | −119,986−19.4% | Reduced |
| BlackRock, Inc. | 497,143 | $51.7M | 0.00% | −89,805−15.3% | Reduced |
| DekaBank Deutsche Girozentrale | 456,770 | $47.2M | 0.08% | −1730.0% | Reduced |
| HSBC Holdings PLC | 424,323 | $44.2M | 0.03% | +183,941+76.5% | Added |
| Partners Group Holding AG | 418,381 | $43.5M | 2.05% | −60,736−12.7% | Reduced |
| Lincluden Management Ltd | 417,087 | $43.4M | 4.80% | +8,865+2.2% | Added |
| Ameriprise Financial Inc | 416,224 | $42.0M | 0.01% | −110,600−21.0% | Reduced |
| Korea Investment CORP | 403,542 | $42.0M | 0.09% | +60,669+17.7% | Added |
| Aviva PLC | 400,387 | $41.7M | 0.09% | +25,050+6.7% | Added |
| Cidel Asset Management Inc | 399,269 | $41.5M | 2.49% | +7,936+2.0% | Added |
| Saturna Capital CORP | 384,280 | $40.0M | 0.54% | +280+0.1% | Added |
| Marshall Wace, LLP | 384,230 | $40.0M | 0.05% | +940.0% | Added |
| Northwest & Ethical Investments L.P. | 377,662 | $39.3M | 0.98% | +36,441+10.7% | Added |
| Millennium Management LLC | 374,868 | $39.0M | 0.03% | −476,312−56.0% | Reduced |
| Great West Life Assurance Co | 375,665 | $39.0M | 0.06% | +1870.0% | Added |
| First Trust Advisors LP | 374,763 | $39.0M | 0.03% | −44,504−10.6% | Reduced |