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 |
|---|---|---|---|---|---|
| CI Private Wealth, LLC | 29,082 | $2.74M | 0.00% | +7,459+34.5% | Added |
| Smithbridge Asset Management Inc | 29,135 | $2.75M | 0.40% | −1,495−4.9% | Reduced |
| Hillsdale Investment Management Inc. | 30,972 | $2.92M | 0.09% | +8,495+37.8% | Added |
| Bowen Hanes & Co Inc | 31,996 | $3.02M | 0.08% | −4,000−11.1% | Reduced |
| Azimuth Capital Investment Management LLC | 32,054 | $3.02M | 0.11% | −1,235−3.7% | Reduced |
| Morningstar Investment Management LLC | 32,173 | $3.03M | 0.11% | +28,789+850.7% | Added |
| Lido Advisors, LLC | 32,325 | $3.05M | 0.01% | +5,859+22.1% | Added |
| Notis-McConarty Edward | 32,622 | $3.08M | 1.43% | −835−2.5% | Reduced |
| Kensington Investment Counsel, LLC | 32,650 | $3.08M | 1.25% | +32,650 | New |
| Strong Tower Advisory Services | 32,924 | $3.10M | 0.59% | +3,528+12.0% | Added |
| Orion Investment Co | 33,113 | $3.12M | 1.00% | −181−0.5% | Reduced |
| Blair William & Co | 33,321 | $3.14M | 0.01% | −12,425−27.2% | Reduced |
| Commonwealth Equity Services, LLC | 33,349 | $3.15M | 0.00% | −1,722−4.9% | Reduced |
| Lawson Kroeker Investment Management Inc | 34,118 | $3.22M | 0.59% | −225−0.7% | Reduced |
| Huntington National Bank | 34,242 | $3.23M | 0.02% | +1,560+4.8% | Added |
| Patrick Mauro Investment Advisor, INC. | 35,206 | $3.32M | 1.74% | +4,834+15.9% | Added |
| Founders Capital Management, LLC | 35,376 | $3.34M | 0.52% | +3,320+10.4% | Added |
| Gulf International Bank (UK) Ltd | 25,674 | $3.37M | 0.11% | −620−2.4% | Reduced |
| Pittenger & Anderson Inc | 35,735 | $3.37M | 0.12% | 00.0% | Unchanged |
| Stamos Capital Partners, L.P. | 35,802 | $3.38M | 0.64% | −9,753−21.4% | Reduced |
| Logan Capital Management Inc | 35,987 | $3.39M | 0.14% | +6,233+20.9% | Added |
| ExodusPoint Capital Management, LP | 36,100 | $3.40M | 0.05% | +33,100+1,103.3% | Added |
| Private Capital Advisors, Inc. | 36,533 | $3.45M | 0.38% | −6,541−15.2% | Reduced |
| Ausbil Investment Management Ltd | 36,632 | $3.46M | 1.85% | 00.0% | Unchanged |
| Westerkirk Capital Inc. | 37,040 | $3.49M | 0.40% | +3,900+11.8% | Added |
| Hohimer Wealth Management, LLC | 37,392 | $3.53M | 0.49% | +596+1.6% | Added |
| Mediolanum International Funds Ltd | 37,944 | $3.56M | 0.04% | +1,682+4.6% | Added |
| Sterling Investment Management, Inc. | 37,845 | $3.57M | 2.14% | −12,958−25.5% | Reduced |
| Quantinno Capital Management LP | 37,925 | $3.58M | 0.01% | −9,741−20.4% | Reduced |
| Adviser Investments LLC | 38,060 | $3.59M | 0.04% | −61−0.2% | Reduced |
| Sheets Smith Wealth Management | 38,625 | $3.64M | 0.41% | −400−1.0% | Reduced |
| Walleye Capital LLC | 39,869 | $3.76M | 0.03% | +39,869 | New |
| D. E. Shaw & Co., Inc. | 39,970 | $3.77M | 0.00% | −136,380−77.3% | Reduced |
| Advisor Group Holdings, Inc. | 39,684 | $3.81M | 0.01% | +8,350+26.6% | Added |
| New York State Common Retirement Fund | 40,778 | $3.85M | 0.00% | 00.0% | Unchanged |
| Davis-Rea Ltd. | 41,070 | $3.88M | 0.94% | +2,858+7.5% | Added |
| Azzad Asset Management Inc | 41,271 | $3.89M | 0.38% | +2,159+5.5% | Added |
| Natixis | 41,552 | $3.92M | 0.02% | +17,899+75.7% | Added |
| Macquarie Group Ltd | 42,668 | $4.02M | 0.00% | −475,239−91.8% | Reduced |
| Letson Investment Management, Inc. | 43,870 | $4.14M | 1.48% | −106−0.2% | Reduced |
| Groupe la Francaise | 45,329 | $4.27M | 0.06% | +41,560+1,102.7% | Added |
| Delaney Dennis R | 46,247 | $4.36M | 2.18% | −830−1.8% | Reduced |
| Stokes Capital Advisors, LLC | 46,502 | $4.39M | 1.02% | −1,596−3.3% | Reduced |
| Kidder Stephen W | 48,880 | $4.61M | 1.32% | −7,579−13.4% | Reduced |
| Brown, Lisle/Cummings, Inc. | 48,978 | $4.62M | 1.19% | −270−0.5% | Reduced |
| Squarepoint Ops LLC | 49,170 | $4.64M | 0.01% | +41,131+511.6% | Added |
| Sienna Gestion | 55,300 | $4.76M | 0.33% | 00.0% | Unchanged |
| Alliancebernstein L.P. | 52,118 | $4.91M | 0.00% | −254,499−83.0% | Reduced |
| Reynders McVeigh Capital Management, LLC | 52,295 | $4.93M | 0.23% | −5,427−9.4% | Reduced |
| Ninepoint Partners LP | 52,437 | $4.94M | 0.68% | +52,437 | New |
| White Pine Investment CO | 52,620 | $4.96M | 1.18% | +386+0.7% | Added |
| Janus Henderson Group PLC | 52,805 | $4.98M | 0.00% | 00.0% | Unchanged |
| Capital International Ltd | 52,894 | $4.99M | 0.18% | 00.0% | Unchanged |
| Motley Fool Asset Management LLC | 53,490 | $5.04M | 0.21% | −2,163−3.9% | Reduced |
| Gold Investment Management Ltd. | 53,492 | $5.05M | 1.70% | +2,476+4.9% | Added |
| Immersion Capital LLP | 53,634 | $5.06M | 5.20% | 00.0% | Unchanged |
| Maryland State Retirement & Pension System | 58,426 | $5.51M | 0.12% | +6,272+12.0% | Added |
| KWMG, LLC | 60,161 | $5.67M | 0.50% | +2,602+4.5% | Added |
| US Bancorp | 61,198 | $5.77M | 0.01% | −10,497−14.6% | Reduced |
| Utah Retirement Systems | 62,397 | $5.89M | 0.06% | 00.0% | Unchanged |
| Puzo Michael J | 63,120 | $5.95M | 1.62% | −7,151−10.2% | Reduced |
| Rothschild & Co Wealth Management UK Ltd | 63,572 | $5.99M | 0.10% | +1,062+1.7% | Added |
| O'Shaughnessy Asset Management, LLC | 64,235 | $6.06M | 0.04% | −37,242−36.7% | Reduced |
| Cetera Investment Advisers | 64,498 | $6.08M | 0.01% | +21,938+51.5% | Added |
| Motley Fool Wealth Management, LLC | 65,216 | $6.15M | 0.42% | −9,311−12.5% | Reduced |
| Creative Planning | 66,171 | $6.24M | 0.00% | −14,110−17.6% | Reduced |
| The PNC Financial Services Group, Inc. | 70,697 | $6.67M | 0.00% | −271−0.4% | Reduced |
| Patten & Patten Inc | 71,056 | $6.70M | 0.39% | −1,416−2.0% | Reduced |
| Franklin, Parlapiano, Turner & Welch, LLC | 73,060 | $6.89M | 1.74% | +276+0.4% | Added |
| Dillon & Associates Inc | 73,843 | $6.94M | 0.89% | −685−0.9% | Reduced |
| Kornitzer Capital Management Inc | 73,998 | $6.98M | 0.14% | 00.0% | Unchanged |
| Jennison Associates LLC | 74,086 | $6.99M | 0.00% | −203−0.3% | Reduced |
| Generali Asset Management SPA SGR | 53,319 | $7.00M | 0.15% | +10,227+23.7% | Added |
| Heronetta Management, L.P. | 53,400 | $7.01M | 3.84% | 00.0% | Unchanged |
| Principal Financial Group Inc | 75,600 | $7.13M | 0.00% | −47,700−38.7% | Reduced |
| Broderick Brian C | 76,862 | $7.25M | 1.38% | −1,598−2.0% | Reduced |
| JLB & Associates Inc | 77,203 | $7.28M | 0.96% | −1,395−1.8% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 77,324 | $7.29M | 0.06% | −10,329−11.8% | Reduced |
| Claret Asset Management Corp | 77,910 | $7.35M | 0.88% | +61,080+362.9% | Added |
| Callahan Advisors, LLC | 78,010 | $7.36M | 0.62% | −28,715−26.9% | Reduced |
| Verition Fund Management LLC | 78,715 | $7.42M | 0.04% | −12,338−13.6% | Reduced |
| Weybosset Research & Management LLC | 81,919 | $7.72M | 2.49% | −2,850−3.4% | Reduced |
| Lorne Steinberg Wealth Management Inc. | 83,095 | $7.83M | 1.89% | +15,715+23.3% | Added |
| Skandinaviska Enskilda Banken AB (publ) | 84,075 | $7.93M | 0.03% | −6,343−7.0% | Reduced |
| Citadel Advisors LLC | 85,701 | $8.08M | 0.01% | +81,830+2,113.9% | Added |
| Ravenstone Capital Management Inc. | 85,706 | $8.09M | 3.96% | +2,032+2.4% | Added |
| Capital Group Private Client Services, Inc. | 85,995 | $8.11M | 0.14% | −144,671−62.7% | Reduced |
| Bradley Foster & Sargent Inc | 87,454 | $8.25M | 0.12% | −7,338−7.7% | Reduced |
| Mariner, LLC | 90,862 | $8.57M | 0.01% | −2,147−2.3% | Reduced |
| Capital International Sarl | 92,695 | $8.74M | 0.15% | +4,314+4.9% | Added |
| Banco Bilbao Vizcaya Argentaria, S.A. | 93,400 | $8.81M | 0.07% | +11,820+14.5% | Added |
| Union Bancaire Privee, UBP SA | 47,620 | $8.94M | 0.18% | +4,596+10.7% | Added |
| USS Investment Management Ltd | 99,638 | $9.39M | 0.05% | 00.0% | Unchanged |
| Polar Asset Management Partners Inc. | 100,000 | $9.43M | 0.19% | −3,000−2.9% | Reduced |
| Northstar Asset Management Inc | 101,303 | $9.55M | 2.48% | +4,017+4.1% | Added |
| Swiss Life Asset Management Ltd | 104,134 | $9.83M | 0.05% | +10,433+11.1% | Added |
| LPL Financial LLC | 105,627 | $9.96M | 0.00% | +1,233+1.2% | Added |
| Act Two Investors LLC | 107,697 | $10.2M | 1.80% | +74,677+226.2% | Added |
| Royal London Asset Management Ltd | 110,018 | $10.4M | 0.02% | −4,410−3.9% | Reduced |
| Forsta Ap-Fonden | 111,000 | $10.5M | 0.06% | +7,000+6.7% | Added |