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, Q3 2025
Institutional positions in Canadian National Railway Co as of Sep 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
- 758
- −48 vs. Q2 2025
- Shares held
- 411.6M
- −10.5M (−2.5%) vs. Q2 2025
- Total value
- $38.9B
- −$5.14B (−11.7%) vs. Q2 2025
- New holders
- 54
- 243 more added
- Sold out
- 102
- 292 more reduced
15 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q2 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, Q3 2025
Shares, value and share of portfolio for each institution holding Canadian National Railway Co; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Wetherby Asset Management Inc | 11,223 | $1.06M | 0.04% | −935−7.7% | Reduced |
| ASR Vermogensbeheer N.V. | 11,408 | $1.08M | 0.01% | +184+1.6% | Added |
| Glenmede Investment Management, LP | 11,529 | $1.09M | 0.01% | −401−3.4% | Reduced |
| Lowe Brockenbrough & Co Inc | 11,529 | $1.09M | 0.06% | −37−0.3% | Reduced |
| JTC Employer Solutions Trusteee Ltd | 11,700 | $1.10M | 0.09% | 00.0% | Unchanged |
| Gradient Investments LLC | 11,723 | $1.11M | 0.02% | +5,111+77.3% | Added |
| Nordwand Advisors, LLC | 11,725 | $1.11M | 0.18% | +7,125+154.9% | Added |
| Heartland Advisors Inc | 11,751 | $1.11M | 0.06% | +56+0.5% | Added |
| Estabrook Capital Management | 12,132 | $1.14M | 0.17% | 00.0% | Unchanged |
| Truist Financial Corp | 12,142 | $1.15M | 0.00% | −546−4.3% | Reduced |
| Tower Research Capital LLC (TRC) | 12,242 | $1.15M | 0.03% | +11,848+3,007.1% | Added |
| Earnest Partners LLC | 12,433 | $1.17M | 0.01% | +82+0.7% | Added |
| Pembroke Management, LTD | 12,503 | $1.18M | 0.12% | 00.0% | Unchanged |
| Fifth Third Bancorp | 12,517 | $1.18M | 0.00% | −1,434−10.3% | Reduced |
| XTX Topco Ltd | 12,527 | $1.18M | 0.06% | +12,527 | New |
| Lombard Odier Asset Management (Switzerland) SA | 12,639 | $1.19M | 0.06% | −1,165−8.4% | Reduced |
| UniSuper Management Pty Ltd | 9,100 | $1.19M | 0.01% | 00.0% | Unchanged |
| Pathstone Holdings, LLC | 12,703 | $1.20M | 0.00% | −1,447−10.2% | Reduced |
| Parsons Capital Management Inc | 13,407 | $1.26M | 0.07% | 00.0% | Unchanged |
| Oppenheimer Asset Management Inc. | 13,624 | $1.28M | 0.01% | −326−2.3% | Reduced |
| Dividend Assets Capital, LLC | 13,667 | $1.29M | 0.23% | −415−2.9% | Reduced |
| Captrust Financial Advisors | 13,812 | $1.30M | 0.00% | −569−4.0% | Reduced |
| Susquehanna International Group, LLP | 14,031 | $1.32M | 0.00% | +14,031 | New |
| Clearstead Advisors, LLC | 14,650 | $1.38M | 0.02% | −14,789−50.2% | Reduced |
| UBS Asset Management Americas Inc | 14,746 | $1.39M | 0.00% | −991,451−98.5% | Reduced |
| DF Dent & Co Inc | 14,900 | $1.41M | 0.02% | 00.0% | Unchanged |
| Sustainable Insight Capital Management, LLC | 15,000 | $1.41M | 0.44% | +15,000 | New |
| Balyasny Asset Management LLC | 15,000 | $1.41M | 0.00% | −292,054−95.1% | Reduced |
| Candriam Luxembourg S.C.A. | 15,158 | $1.43M | 0.01% | −1,468−8.8% | Reduced |
| Synovus Financial Corp | 15,164 | $1.43M | 0.02% | −4,510−22.9% | Reduced |
| Y-Intercept (Hong Kong) Ltd | 15,328 | $1.45M | 0.03% | −18,173−54.2% | Reduced |
| Adalta Capital Management LLC | 15,450 | $1.46M | 0.66% | 00.0% | Unchanged |
| BFSG, LLC | 15,576 | $1.47M | 0.14% | +1,223+8.5% | Added |
| Chemung Canal Trust Co | 15,594 | $1.47M | 0.29% | −75−0.5% | Reduced |
| Tudor Financial Inc. | 15,595 | $1.47M | 0.78% | 00.0% | Unchanged |
| Shell Asset Management Co | 15,677 | $1.48M | 0.15% | −16,655−51.5% | Reduced |
| Sanctuary Advisors, LLC | 16,043 | $1.51M | 0.01% | −230−1.4% | Reduced |
| Beacon Investment Advisors LLC | 16,051 | $1.51M | 0.62% | +56+0.4% | Added |
| RSM US Wealth Management LLC | 16,192 | $1.53M | 0.02% | −847−5.0% | Reduced |
| Brinker Capital Investments, LLC | 16,261 | $1.53M | 0.01% | +792+5.1% | Added |
| Lester Murray Antman dba SimplyRich | 16,343 | $1.54M | 0.42% | −1,599−8.9% | Reduced |
| Cambridge Investment Research Advisors, Inc. | 16,434 | $1.55M | 0.00% | +167+1.0% | Added |
| ICW Investment Advisors LLC | 16,525 | $1.56M | 0.57% | +120+0.7% | Added |
| Wiley Bros.-Aintree Capital, LLC | 16,735 | $1.58M | 0.01% | +2,065+14.1% | Added |
| Numerai GP LLC | 17,229 | $1.62M | 0.23% | +5,036+41.3% | Added |
| Cullen Capital Management LLC | 17,293 | $1.63M | 0.02% | +1,631+10.4% | Added |
| Modera Wealth Management, LLC | 17,398 | $1.64M | 0.02% | +1,638+10.4% | Added |
| U.S. Capital Wealth Advisors, LLC | 17,406 | $1.64M | 0.04% | +1,602+10.1% | Added |
| Legacy Wealth Asset Management, LLC | 17,880 | $1.69M | 0.41% | +257+1.5% | Added |
| Assenagon Asset Management S.A. | 18,219 | $1.72M | 0.00% | −1,007−5.2% | Reduced |
| JustInvest LLC | 18,323 | $1.73M | 0.02% | −4,486−19.7% | Reduced |
| Rothschild Investment LLC | 18,532 | $1.75M | 0.10% | −1,095−5.6% | Reduced |
| Welch & Forbes LLC | 18,998 | $1.79M | 0.02% | +360+1.9% | Added |
| Coronation Fund Managers Ltd. | 19,138 | $1.80M | 0.09% | −3,673−16.1% | Reduced |
| AQR Capital Management LLC | 19,194 | $1.81M | 0.00% | +8,644+81.9% | Added |
| Beacon Pointe Advisors, LLC | 19,231 | $1.81M | 0.02% | +3,146+19.6% | Added |
| CWM, LLC | 19,446 | $1.83M | 0.01% | +6,093+45.6% | Added |
| Tacita Capital Inc | 19,700 | $1.86M | 1.12% | 00.0% | Unchanged |
| Intech Investment Management LLC | 19,783 | $1.87M | 0.02% | −5,130−20.6% | Reduced |
| Harrington Investments, INC | 19,893 | $1.88M | 0.94% | −16−0.1% | Reduced |
| Allen Investment Management LLC | 20,000 | $1.89M | 0.02% | 00.0% | Unchanged |
| Farrow Financial Inc. | 20,188 | $1.90M | 1.10% | +523+2.7% | Added |
| Colony Group, LLC | 20,210 | $1.91M | 0.00% | +7,353+57.2% | Added |
| Metis Global Partners, LLC | 20,579 | $1.94M | 0.05% | −786−3.7% | Reduced |
| Investment Management Corp of Ontario | 20,630 | $1.95M | 0.03% | −12,900−38.5% | Reduced |
| Nia Impact Advisors, LLC | 20,651 | $1.95M | 0.63% | +173+0.8% | Added |
| Healthcare of Ontario Pension Plan Trust Fund | 20,742 | $1.96M | 0.00% | +20,742 | New |
| Aigen Investment Management, LP | 16,525 | $1.97M | 0.30% | +16,525 | New |
| Wealth Enhancement Advisory Services, LLC | 21,032 | $2.04M | 0.00% | −1,333−6.0% | Reduced |
| Keybank National Association | 22,025 | $2.08M | 0.01% | −2,393−9.8% | Reduced |
| HighTower Advisors, LLC | 22,095 | $2.08M | 0.00% | −344−1.5% | Reduced |
| Dempze Nancy E | 22,290 | $2.10M | 1.15% | −1,065−4.6% | Reduced |
| Northwestern Mutual Wealth Management Co | 22,295 | $2.10M | 0.00% | +1,531+7.4% | Added |
| Jane Street Group, LLC | 22,378 | $2.11M | 0.00% | +22,378 | New |
| Zurich Insurance Group Ltd | 22,400 | $2.11M | 0.02% | +22,400 | New |
| Williams Jones Wealth Management, LLC. | 22,483 | $2.12M | 0.02% | −466−2.0% | Reduced |
| Pekin Hardy Strauss, Inc. | 22,646 | $2.14M | 0.21% | −904−3.8% | Reduced |
| FineMark National Bank & Trust | 22,687 | $2.14M | 0.07% | −2,216−8.9% | Reduced |
| IMC-Chicago, LLC | 22,815 | $2.15M | 0.04% | +22,815 | New |
| Petredis Investment Advisors LLC | 22,985 | $2.17M | 0.17% | −248−1.1% | Reduced |
| CWM Advisors, LLC | 23,748 | $2.24M | 0.22% | +3,135+15.2% | Added |
| Ensign Peak Advisors, Inc | 23,800 | $2.24M | 0.00% | −11,600−32.8% | Reduced |
| Gotham Asset Management, LLC | 23,969 | $2.26M | 0.01% | +12,894+116.4% | Added |
| Fiduciary Trust Co | 24,221 | $2.28M | 0.03% | +1,511+6.7% | Added |
| SRS Capital Advisors, Inc. | 24,227 | $2.28M | 0.03% | +23,645+4,062.7% | Added |
| Argent Trust Co | 24,293 | $2.29M | 0.08% | +24,293 | New |
| Summerhill Capital Management lnc. | 24,330 | $2.29M | 2.38% | −50−0.2% | Reduced |
| Pacifica Partners Inc. | 24,493 | $2.31M | 0.82% | +460+1.9% | Added |
| Edmond de Rothschild Holding S.A. | 24,543 | $2.31M | 0.04% | −9,649−28.2% | Reduced |
| PCJ Investment Counsel Ltd. | 24,990 | $2.36M | 0.66% | −16,470−39.7% | Reduced |
| Markel Group Inc.SuperinvestorMarkel Group | 25,000 | $2.36M | 0.02% | +25,000 | New |
| Banque de Luxembourg S.A. | 25,991 | $2.45M | 1.27% | −850−3.2% | Reduced |
| Capital World Investors | 26,812 | $2.53M | 0.00% | +4,727+21.4% | Added |
| Allianz Asset Management GmbH | 26,907 | $2.54M | 0.00% | +1,577+6.2% | Added |
| Baird Financial Group, Inc. | 27,467 | $2.59M | 0.00% | +10,373+60.7% | Added |
| Harbour Trust & Investment Management Co | 27,540 | $2.60M | 0.27% | −67,289−71.0% | Reduced |
| K.J. Harrison & Partners Inc | 27,516 | $2.60M | 0.37% | +18,933+220.6% | Added |
| Elefante Mark B | 27,628 | $2.61M | 1.67% | +685+2.5% | Added |
| Groupama Asset Managment | 19,863 | $2.61M | 0.04% | −572−2.8% | Reduced |
| Reaves W H & Co Inc | 28,796 | $2.72M | 0.05% | −412−1.4% | Reduced |