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 |
|---|---|---|---|---|---|
| Zurcher Kantonalbank (Zurich Cantonalbank) | 233,511 | $24.3M | 0.06% | −174,350−42.7% | Reduced |
| DKRT Investments Corp. | 235,000 | $24.5M | 5.94% | +235,000 | New |
| Guardian Partners Inc. | 236,131 | $24.8M | 2.23% | +1,653+0.7% | Added |
| Neuberger Berman Group LLC | 245,397 | $25.5M | 0.02% | +47,893+24.2% | Added |
| Envestnet Asset Management Inc | 265,013 | $27.6M | 0.01% | −49,457−15.7% | Reduced |
| Montrusco Bolton Investments Inc. | 265,997 | $27.7M | 0.31% | +48,646+22.4% | Added |
| Bank of Nova Scotia Trust Co | 266,265 | $27.7M | 2.73% | +7,599+2.9% | Added |
| Raymond James Financial Inc | 266,499 | $27.7M | 0.01% | −13,788−4.9% | Reduced |
| Natixis Advisors, L.P. | 272,424 | $28.3M | 0.04% | +100,083+58.1% | Added |
| Ycg, LLC | 283,760 | $29.5M | 2.28% | −2,087−0.7% | Reduced |
| Louisbourg Investments Inc. | 292,414 | $30.4M | 7.17% | +3,295+1.1% | Added |
| Capital International Inc | 294,709 | $30.7M | 0.30% | −124,709−29.7% | Reduced |
| Twin Tree Management, LP | 305,465 | $31.8M | 0.80% | +243,546+393.3% | Added |
| Alliancebernstein L.P. | 306,617 | $31.9M | 0.01% | −44,694−12.7% | Reduced |
| Balyasny Asset Management LLC | 307,054 | $31.9M | 0.07% | −27,797−8.3% | Reduced |
| Point72 Asset Management, L.P. | 315,611 | $32.8M | 0.08% | −661,332−67.7% | Reduced |
| CIBC Private Wealth Group, LLC | 325,865 | $33.9M | 0.06% | +7,897+2.5% | Added |
| APG Asset Management N.V. | 382,900 | $33.9M | 0.10% | +10,800+2.9% | Added |
| Guardian Capital LP | 344,914 | $35.9M | 1.27% | +24,433+7.6% | Added |
| Pictet Asset Management Holding SA | 357,879 | $37.2M | 0.04% | −2,159−0.6% | Reduced |
| Public Employees Retirement System of Ohio | 370,216 | $38.5M | 0.13% | +2,336+0.6% | Added |
| First Trust Advisors LP | 374,763 | $39.0M | 0.03% | −44,504−10.6% | Reduced |
| Great West Life Assurance Co | 375,665 | $39.0M | 0.06% | +1870.0% | Added |
| Millennium Management LLC | 374,868 | $39.0M | 0.03% | −476,312−56.0% | Reduced |
| Northwest & Ethical Investments L.P. | 377,662 | $39.3M | 0.98% | +36,441+10.7% | Added |
| Marshall Wace, LLP | 384,230 | $40.0M | 0.05% | +940.0% | Added |
| Saturna Capital CORP | 384,280 | $40.0M | 0.54% | +280+0.1% | Added |
| Cidel Asset Management Inc | 399,269 | $41.5M | 2.49% | +7,936+2.0% | Added |
| Aviva PLC | 400,387 | $41.7M | 0.09% | +25,050+6.7% | Added |
| Korea Investment CORP | 403,542 | $42.0M | 0.09% | +60,669+17.7% | Added |
| Ameriprise Financial Inc | 416,224 | $42.0M | 0.01% | −110,600−21.0% | Reduced |
| Lincluden Management Ltd | 417,087 | $43.4M | 4.80% | +8,865+2.2% | Added |
| Partners Group Holding AG | 418,381 | $43.5M | 2.05% | −60,736−12.7% | Reduced |
| HSBC Holdings PLC | 424,323 | $44.2M | 0.03% | +183,941+76.5% | Added |
| DekaBank Deutsche Girozentrale | 456,770 | $47.2M | 0.08% | −1730.0% | Reduced |
| BlackRock, Inc. | 497,143 | $51.7M | 0.00% | −89,805−15.3% | Reduced |
| Intact Investment Management Inc. | 498,493 | $51.9M | 1.76% | −119,986−19.4% | Reduced |
| SEI Investments Co | 514,769 | $53.6M | 0.06% | +56,965+12.4% | Added |
| Two Sigma Advisers, LP | 519,472 | $54.0M | 0.11% | +253,200+95.1% | Added |
| Dixon Mitchell Investment Counsel Inc. | 520,754 | $54.2M | 2.11% | +10,927+2.1% | Added |
| Value Partners Investments Inc. | 553,945 | $57.6M | 4.50% | +655+0.1% | Added |
| Renaissance Technologies LLC | 565,900 | $58.9M | 0.08% | −7,800−1.4% | Reduced |
| Northern Trust Corp | 575,918 | $59.9M | 0.01% | −63,623−9.9% | Reduced |
| Franklin Resources Inc | 583,219 | $60.8M | 0.02% | +91,790+18.7% | Added |
| QV Investors Inc. | 590,955 | $61.5M | 6.03% | +85,350+16.9% | Added |
| Qube Research & Technologies Ltd | 599,029 | $62.3M | 0.09% | +323,729+117.6% | Added |
| Voloridge Investment Management, LLC | 611,667 | $63.6M | 0.23% | −422,739−40.9% | Reduced |
| Russell Investments Group, Ltd. | 618,757 | $64.4M | 0.08% | +22,680+3.8% | Added |
| Addenda Capital Inc. | 469,260 | $66.6M | 2.39% | +38,292+8.9% | Added |
| BNP Paribas Arbitrage, SA | 655,840 | $68.2M | 0.05% | +54,415+9.0% | Added |
| Macquarie Group Ltd | 517,907 | $71.9M | 0.09% | +160,823+45.0% | Added |
| Burgundy Asset Management Ltd. | 708,784 | $73.7M | 0.72% | −3,035−0.4% | Reduced |
| State of Tennessee, Treasury Department | 718,137 | $74.7M | 0.27% | +52,201+7.8% | Added |
| Cardinal Capital Management, Inc. | 731,350 | $76.2M | 2.38% | +22,035+3.1% | Added |
| Invesco Ltd. | 749,116 | $77.9M | 0.01% | +235,148+45.8% | Added |
| Scheer, Rowlett & Associates Investment Management Ltd. | 802,257 | $83.6M | 5.42% | +71,364+9.8% | Added |
| Manning & Napier Advisors LLC | 820,103 | $85.3M | 1.02% | −39,795−4.6% | Reduced |
| UBS Group AG | 823,394 | $85.7M | 0.02% | +218,859+36.2% | Added |
| Brown Advisory Inc | 899,287 | $93.6M | 0.12% | +87,943+10.8% | Added |
| BLI - Banque de Luxembourg Investments | 907,795 | $94.2M | 2.70% | +11,500+1.3% | Added |
| Agf Management Ltd | 800,550 | $97.4M | 0.44% | +153,572+23.7% | Added |
| MUFG Securities (Canada), Ltd. | 937,638 | $97.6M | 2.97% | +94,106+11.2% | Added |
| UBS Asset Management Americas Inc | 1,006,197 | $104.7M | 0.02% | +31,148+3.2% | Added |
| Alberta Investment Management Corp | 1,024,500 | $106.8M | 0.84% | −215,313−17.4% | Reduced |
| British Columbia Investment Management Corp | 1,039,445 | $108.4M | 0.63% | +113,381+12.2% | Added |
| Douglass Winthrop Advisors, LLC | 1,077,381 | $112.1M | 2.02% | +22,790+2.2% | Added |
| Two Sigma Investments, LP | 1,136,881 | $118.3M | 0.21% | +633,063+125.7% | Added |
| Stifel Financial Corp | 1,176,848 | $122.4M | 0.12% | +31,977+2.8% | Added |
| Dimensional Fund Advisors LP | 1,247,904 | $129.8M | 0.03% | +37,548+3.1% | Added |
| Amundi | 1,146,635 | $134.3M | 0.05% | −191,284−14.3% | Reduced |
| Nuveen, LLC | 1,319,521 | $137.2M | 0.04% | +166,232+14.4% | Added |
| Clearbridge Investments, LLC | 1,319,342 | $137.3M | 0.11% | +16,658+1.3% | Added |
| Toronto Dominion Bank | 1,363,872 | $142.2M | 0.31% | +111,048+8.9% | Added |
| Troy Asset Management Ltd | 1,377,649 | $143.4M | 3.92% | −23,046−1.6% | Reduced |
| Loring Wolcott & Coolidge Fiduciary Advisors LLP | 1,425,079 | $148.3M | 1.31% | −7,228−0.5% | Reduced |
| Findlay Park Partners LLP | 1,490,368 | $155.1M | 1.60% | −339,700−18.6% | Reduced |
| Charles Schwab Investment Management Inc | 1,527,359 | $158.8M | 0.03% | +64,919+4.4% | Added |
| Swiss National Bank | 1,623,400 | $168.5M | 0.10% | +102,300+6.7% | Added |
| FMR LLC | 1,759,422 | $183.3M | 0.01% | −16,647−0.9% | Reduced |
| ClearBridge Investments Ltd | 1,769,970 | $184.1M | 4.04% | +956,280+117.5% | Added |
| Bank of America Corp | 1,798,548 | $187.1M | 0.02% | −631,372−26.0% | Reduced |
| Fisher Asset Management, LLC | 1,823,800 | $189.7M | 0.08% | +1,823,800 | New |
| TD Waterhouse Canada Inc. | 1,844,782 | $193.3M | 1.38% | +44,633+2.5% | Added |
| Ninety One UK Ltd | 2,050,826 | $213.3M | 0.50% | +149,484+7.9% | Added |
| Morgan Stanley | 2,280,449 | $237.3M | 0.02% | −607,318−21.0% | Reduced |
| Harding Loevner LP | 2,325,177 | $241.9M | 1.63% | −70,287−2.9% | Reduced |
| JPMorgan Chase & Co | 2,549,062 | $265.2M | 0.02% | −116,027−4.4% | Reduced |
| Canoe Financial LP | 2,612,255 | $272.3M | 3.88% | +180,594+7.4% | Added |
| Bank of Nova Scotia | 2,774,099 | $289.0M | 0.59% | −3,465−0.1% | Reduced |
| Federation des caisses Desjardins du Quebec | 3,483,358 | $361.7M | 1.59% | +493,017+16.5% | Added |
| Scotia Capital Inc. | 3,498,724 | $363.3M | 1.72% | +312,535+9.8% | Added |
| Goldman Sachs Group Inc | 3,498,540 | $364.0M | 0.06% | +833,922+31.3% | Added |
| Canada Pension Plan Investment Board | 3,634,439 | $378.9M | 0.32% | +775,700+27.1% | Added |
| Beutel, Goodman & Co Ltd. | 4,134,954 | $430.0M | 2.45% | −127,737−3.0% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 4,220,150 | $440.0M | 1.55% | +1,019,914+31.9% | Added |
| Legal & General Group Plc | 4,297,325 | $446.9M | 0.11% | −13,371−0.3% | Reduced |
| Geode Capital Management, LLC | 4,365,910 | $460.1M | 0.03% | +689,309+18.7% | Added |
| FIL Ltd | 4,727,516 | $492.6M | 0.42% | +1,478,619+45.5% | Added |
| CIBC World Markets Inc. | 4,844,477 | $504.0M | 1.12% | −1,700,845−26.0% | Reduced |
| CIBC Asset Management Inc | 5,222,470 | $544.6M | 1.71% | +275,045+5.6% | Added |