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 |
|---|---|---|---|---|---|
| KWMG, LLC | 60,161 | $5.67M | 0.50% | +2,602+4.5% | Added |
| Maryland State Retirement & Pension System | 58,426 | $5.51M | 0.12% | +6,272+12.0% | Added |
| Immersion Capital LLP | 53,634 | $5.06M | 5.20% | 00.0% | Unchanged |
| Gold Investment Management Ltd. | 53,492 | $5.05M | 1.70% | +2,476+4.9% | Added |
| Motley Fool Asset Management LLC | 53,490 | $5.04M | 0.21% | −2,163−3.9% | Reduced |
| Capital International Ltd | 52,894 | $4.99M | 0.18% | 00.0% | Unchanged |
| Janus Henderson Group PLC | 52,805 | $4.98M | 0.00% | 00.0% | Unchanged |
| White Pine Investment CO | 52,620 | $4.96M | 1.18% | +386+0.7% | Added |
| Ninepoint Partners LP | 52,437 | $4.94M | 0.68% | +52,437 | New |
| Reynders McVeigh Capital Management, LLC | 52,295 | $4.93M | 0.23% | −5,427−9.4% | Reduced |
| Alliancebernstein L.P. | 52,118 | $4.91M | 0.00% | −254,499−83.0% | Reduced |
| Sienna Gestion | 55,300 | $4.76M | 0.33% | 00.0% | Unchanged |
| Squarepoint Ops LLC | 49,170 | $4.64M | 0.01% | +41,131+511.6% | Added |
| Brown, Lisle/Cummings, Inc. | 48,978 | $4.62M | 1.19% | −270−0.5% | Reduced |
| Kidder Stephen W | 48,880 | $4.61M | 1.32% | −7,579−13.4% | Reduced |
| Stokes Capital Advisors, LLC | 46,502 | $4.39M | 1.02% | −1,596−3.3% | Reduced |
| Delaney Dennis R | 46,247 | $4.36M | 2.18% | −830−1.8% | Reduced |
| Groupe la Francaise | 45,329 | $4.27M | 0.06% | +41,560+1,102.7% | Added |
| Letson Investment Management, Inc. | 43,870 | $4.14M | 1.48% | −106−0.2% | Reduced |
| Macquarie Group Ltd | 42,668 | $4.02M | 0.00% | −475,239−91.8% | Reduced |
| Natixis | 41,552 | $3.92M | 0.02% | +17,899+75.7% | Added |
| Azzad Asset Management Inc | 41,271 | $3.89M | 0.38% | +2,159+5.5% | Added |
| Davis-Rea Ltd. | 41,070 | $3.88M | 0.94% | +2,858+7.5% | Added |
| New York State Common Retirement Fund | 40,778 | $3.85M | 0.00% | 00.0% | Unchanged |
| Advisor Group Holdings, Inc. | 39,684 | $3.81M | 0.01% | +8,350+26.6% | Added |
| D. E. Shaw & Co., Inc. | 39,970 | $3.77M | 0.00% | −136,380−77.3% | Reduced |
| Walleye Capital LLC | 39,869 | $3.76M | 0.03% | +39,869 | New |
| Sheets Smith Wealth Management | 38,625 | $3.64M | 0.41% | −400−1.0% | Reduced |
| Adviser Investments LLC | 38,060 | $3.59M | 0.04% | −61−0.2% | Reduced |
| Quantinno Capital Management LP | 37,925 | $3.58M | 0.01% | −9,741−20.4% | Reduced |
| Sterling Investment Management, Inc. | 37,845 | $3.57M | 2.14% | −12,958−25.5% | Reduced |
| Mediolanum International Funds Ltd | 37,944 | $3.56M | 0.04% | +1,682+4.6% | Added |
| Hohimer Wealth Management, LLC | 37,392 | $3.53M | 0.49% | +596+1.6% | Added |
| Westerkirk Capital Inc. | 37,040 | $3.49M | 0.40% | +3,900+11.8% | Added |
| Ausbil Investment Management Ltd | 36,632 | $3.46M | 1.85% | 00.0% | Unchanged |
| Private Capital Advisors, Inc. | 36,533 | $3.45M | 0.38% | −6,541−15.2% | Reduced |
| ExodusPoint Capital Management, LP | 36,100 | $3.40M | 0.05% | +33,100+1,103.3% | Added |
| Logan Capital Management Inc | 35,987 | $3.39M | 0.14% | +6,233+20.9% | Added |
| Stamos Capital Partners, L.P. | 35,802 | $3.38M | 0.64% | −9,753−21.4% | Reduced |
| Pittenger & Anderson Inc | 35,735 | $3.37M | 0.12% | 00.0% | Unchanged |
| Gulf International Bank (UK) Ltd | 25,674 | $3.37M | 0.11% | −620−2.4% | Reduced |
| Founders Capital Management, LLC | 35,376 | $3.34M | 0.52% | +3,320+10.4% | Added |
| Patrick Mauro Investment Advisor, INC. | 35,206 | $3.32M | 1.74% | +4,834+15.9% | Added |
| Huntington National Bank | 34,242 | $3.23M | 0.02% | +1,560+4.8% | Added |
| Lawson Kroeker Investment Management Inc | 34,118 | $3.22M | 0.59% | −225−0.7% | Reduced |
| Commonwealth Equity Services, LLC | 33,349 | $3.15M | 0.00% | −1,722−4.9% | Reduced |
| Blair William & Co | 33,321 | $3.14M | 0.01% | −12,425−27.2% | Reduced |
| Orion Investment Co | 33,113 | $3.12M | 1.00% | −181−0.5% | Reduced |
| Strong Tower Advisory Services | 32,924 | $3.10M | 0.59% | +3,528+12.0% | Added |
| Kensington Investment Counsel, LLC | 32,650 | $3.08M | 1.25% | +32,650 | New |
| Notis-McConarty Edward | 32,622 | $3.08M | 1.43% | −835−2.5% | Reduced |
| Lido Advisors, LLC | 32,325 | $3.05M | 0.01% | +5,859+22.1% | Added |
| Morningstar Investment Management LLC | 32,173 | $3.03M | 0.11% | +28,789+850.7% | Added |
| Azimuth Capital Investment Management LLC | 32,054 | $3.02M | 0.11% | −1,235−3.7% | Reduced |
| Bowen Hanes & Co Inc | 31,996 | $3.02M | 0.08% | −4,000−11.1% | Reduced |
| Hillsdale Investment Management Inc. | 30,972 | $2.92M | 0.09% | +8,495+37.8% | Added |
| Smithbridge Asset Management Inc | 29,135 | $2.75M | 0.40% | −1,495−4.9% | Reduced |
| CI Private Wealth, LLC | 29,082 | $2.74M | 0.00% | +7,459+34.5% | Added |
| Reaves W H & Co Inc | 28,796 | $2.72M | 0.05% | −412−1.4% | Reduced |
| Groupama Asset Managment | 19,863 | $2.61M | 0.04% | −572−2.8% | Reduced |
| Elefante Mark B | 27,628 | $2.61M | 1.67% | +685+2.5% | Added |
| K.J. Harrison & Partners Inc | 27,516 | $2.60M | 0.37% | +18,933+220.6% | Added |
| Harbour Trust & Investment Management Co | 27,540 | $2.60M | 0.27% | −67,289−71.0% | Reduced |
| Baird Financial Group, Inc. | 27,467 | $2.59M | 0.00% | +10,373+60.7% | Added |
| Allianz Asset Management GmbH | 26,907 | $2.54M | 0.00% | +1,577+6.2% | Added |
| Capital World Investors | 26,812 | $2.53M | 0.00% | +4,727+21.4% | Added |
| Banque de Luxembourg S.A. | 25,991 | $2.45M | 1.27% | −850−3.2% | Reduced |
| Markel Group Inc.SuperinvestorMarkel Group | 25,000 | $2.36M | 0.02% | +25,000 | New |
| PCJ Investment Counsel Ltd. | 24,990 | $2.36M | 0.66% | −16,470−39.7% | Reduced |
| Edmond de Rothschild Holding S.A. | 24,543 | $2.31M | 0.04% | −9,649−28.2% | Reduced |
| Pacifica Partners Inc. | 24,493 | $2.31M | 0.82% | +460+1.9% | Added |
| Summerhill Capital Management lnc. | 24,330 | $2.29M | 2.38% | −50−0.2% | Reduced |
| Argent Trust Co | 24,293 | $2.29M | 0.08% | +24,293 | New |
| SRS Capital Advisors, Inc. | 24,227 | $2.28M | 0.03% | +23,645+4,062.7% | Added |
| Fiduciary Trust Co | 24,221 | $2.28M | 0.03% | +1,511+6.7% | Added |
| Gotham Asset Management, LLC | 23,969 | $2.26M | 0.01% | +12,894+116.4% | Added |
| Ensign Peak Advisors, Inc | 23,800 | $2.24M | 0.00% | −11,600−32.8% | Reduced |
| CWM Advisors, LLC | 23,748 | $2.24M | 0.22% | +3,135+15.2% | Added |
| Petredis Investment Advisors LLC | 22,985 | $2.17M | 0.17% | −248−1.1% | Reduced |
| IMC-Chicago, LLC | 22,815 | $2.15M | 0.04% | +22,815 | New |
| FineMark National Bank & Trust | 22,687 | $2.14M | 0.07% | −2,216−8.9% | Reduced |
| Pekin Hardy Strauss, Inc. | 22,646 | $2.14M | 0.21% | −904−3.8% | Reduced |
| Williams Jones Wealth Management, LLC. | 22,483 | $2.12M | 0.02% | −466−2.0% | Reduced |
| Zurich Insurance Group Ltd | 22,400 | $2.11M | 0.02% | +22,400 | New |
| Jane Street Group, LLC | 22,378 | $2.11M | 0.00% | +22,378 | New |
| Northwestern Mutual Wealth Management Co | 22,295 | $2.10M | 0.00% | +1,531+7.4% | Added |
| Dempze Nancy E | 22,290 | $2.10M | 1.15% | −1,065−4.6% | Reduced |
| HighTower Advisors, LLC | 22,095 | $2.08M | 0.00% | −344−1.5% | Reduced |
| Keybank National Association | 22,025 | $2.08M | 0.01% | −2,393−9.8% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 21,032 | $2.04M | 0.00% | −1,333−6.0% | Reduced |
| Aigen Investment Management, LP | 16,525 | $1.97M | 0.30% | +16,525 | New |
| Healthcare of Ontario Pension Plan Trust Fund | 20,742 | $1.96M | 0.00% | +20,742 | New |
| Nia Impact Advisors, LLC | 20,651 | $1.95M | 0.63% | +173+0.8% | Added |
| Investment Management Corp of Ontario | 20,630 | $1.95M | 0.03% | −12,900−38.5% | Reduced |
| Metis Global Partners, LLC | 20,579 | $1.94M | 0.05% | −786−3.7% | Reduced |
| Colony Group, LLC | 20,210 | $1.91M | 0.00% | +7,353+57.2% | Added |
| Farrow Financial Inc. | 20,188 | $1.90M | 1.10% | +523+2.7% | Added |
| Allen Investment Management LLC | 20,000 | $1.89M | 0.02% | 00.0% | Unchanged |
| Harrington Investments, INC | 19,893 | $1.88M | 0.94% | −16−0.1% | Reduced |
| Intech Investment Management LLC | 19,783 | $1.87M | 0.02% | −5,130−20.6% | Reduced |