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, Q4 2025
Institutional positions in Canadian National Railway Co as of Dec 31, 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
- 809
- +67 vs. Q3 2025
- Shares held
- 411.1M
- +9.62M (+2.4%) vs. Q3 2025
- Total value
- $40.8B
- +$2.91B (+7.7%) vs. Q3 2025
- New holders
- 116
- 253 more added
- Sold out
- 49
- 278 more reduced
16 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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, Q4 2025
Shares, value and share of portfolio for each institution holding Canadian National Railway Co; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| US Bancorp | 63,234 | $6.25M | 0.01% | +2,036+3.3% | Added |
| Creative Planning | 63,436 | $6.27M | 0.00% | −2,735−4.1% | Reduced |
| O'Shaughnessy Asset Management, LLC | 64,821 | $6.41M | 0.04% | +586+0.9% | Added |
| ExodusPoint Capital Management, LP | 65,775 | $6.50M | 0.07% | +29,675+82.2% | Added |
| Patten & Patten Inc | 66,294 | $6.55M | 0.38% | −4,762−6.7% | Reduced |
| SIG North Trading, ULC | 66,301 | $6.55M | 1.15% | −90,169−57.6% | Reduced |
| Investment Management Corp of Ontario | 67,126 | $6.64M | 0.09% | +46,496+225.4% | Added |
| Quantinno Capital Management LP | 67,590 | $6.68M | 0.01% | +29,665+78.2% | Added |
| Rothschild & Co Wealth Management UK Ltd | 68,163 | $6.74M | 0.11% | +4,591+7.2% | Added |
| Polar Asset Management Partners Inc. | 70,000 | $6.93M | 0.14% | −30,000−30.0% | Reduced |
| The PNC Financial Services Group, Inc. | 70,725 | $6.99M | 0.00% | +280.0% | Added |
| Police & Firemen's Retirement System of New Jersey | 71,689 | $7.10M | 0.06% | −5,635−7.3% | Reduced |
| Jennison Associates LLC | 73,290 | $7.24M | 0.00% | −796−1.1% | Reduced |
| Heronetta Management, L.P. | 53,400 | $7.25M | 4.19% | 00.0% | Unchanged |
| Dillon & Associates Inc | 73,546 | $7.28M | 0.94% | −297−0.4% | Reduced |
| Kornitzer Capital Management Inc | 73,998 | $7.31M | 0.15% | 00.0% | Unchanged |
| Numerai GP LLC | 74,950 | $7.41M | 0.89% | +57,721+335.0% | Added |
| Franklin, Parlapiano, Turner & Welch, LLC | 75,105 | $7.52M | 1.87% | +2,045+2.8% | Added |
| Broderick Brian C | 76,722 | $7.58M | 1.43% | −140−0.2% | Reduced |
| Capital Group Private Client Services, Inc. | 78,037 | $7.72M | 0.12% | −7,958−9.3% | Reduced |
| Hillsdale Investment Management Inc. | 79,697 | $7.90M | 0.22% | +48,725+157.3% | Added |
| Banco Bilbao Vizcaya Argentaria, S.A. | 80,000 | $7.91M | 0.06% | −13,400−14.3% | Reduced |
| Weybosset Research & Management LLC | 81,474 | $8.05M | 2.48% | −445−0.5% | Reduced |
| Skandinaviska Enskilda Banken AB (publ) | 81,713 | $8.08M | 0.03% | −2,362−2.8% | Reduced |
| Scharf Investments, LLC | 83,790 | $8.28M | 0.22% | +83,790 | New |
| Mariner, LLC | 85,458 | $8.45M | 0.01% | −5,404−5.9% | Reduced |
| Bradley Foster & Sargent Inc | 86,092 | $8.51M | 0.13% | −1,362−1.6% | Reduced |
| Ravenstone Capital Management Inc. | 88,231 | $8.73M | 3.98% | +2,525+2.9% | Added |
| Northstar Asset Management Inc | 91,499 | $9.04M | 2.34% | −9,804−9.7% | Reduced |
| Varma Mutual Pension Insurance Co | 95,446 | $9.45M | 0.06% | −48,700−33.8% | Reduced |
| Lorne Steinberg Wealth Management Inc. | 95,555 | $9.46M | 2.18% | +12,460+15.0% | Added |
| Union Bancaire Privee, UBP SA | 46,312 | $9.50M | 0.16% | −1,308−2.7% | Reduced |
| PensionDanmark Pensionsforsikringsaktieselskab | 97,367 | $9.64M | 0.09% | +97,367 | New |
| Qube Research & Technologies Ltd | 98,759 | $9.76M | 0.01% | −135,981−57.9% | Reduced |
| Capital International Sarl | 98,665 | $9.77M | 0.16% | +5,970+6.4% | Added |
| USS Investment Management Ltd | 99,638 | $9.86M | 0.05% | 00.0% | Unchanged |
| Silvercrest Asset Management Group LLC | 100,306 | $9.92M | 0.07% | −25,765−20.4% | Reduced |
| LPL Financial LLC | 100,594 | $9.94M | 0.00% | −5,033−4.8% | Reduced |
| Forsta Ap-Fonden | 103,100 | $10.2M | 0.06% | −7,900−7.1% | Reduced |
| Hendershot Investments Inc. | 103,331 | $10.2M | 1.30% | −8,239−7.4% | Reduced |
| Somerville Kurt F | 106,457 | $10.5M | 1.78% | −12,283−10.3% | Reduced |
| Rockefeller Capital Management L.P. | 107,993 | $10.7M | 0.02% | −4,791−4.2% | Reduced |
| Royal London Asset Management Ltd | 111,080 | $11.0M | 0.02% | +1,062+1.0% | Added |
| Swiss Life Asset Management Ltd | 113,152 | $11.2M | 0.06% | +9,018+8.7% | Added |
| Quantbot Technologies LP | 113,591 | $11.2M | 0.37% | +108,474+2,119.9% | Added |
| Man Group plc | 114,192 | $11.3M | 0.02% | +103,149+934.1% | Added |
| Principal Financial Group Inc | 114,500 | $11.3M | 0.01% | +38,900+51.5% | Added |
| Pinnacle Associates Ltd | 117,024 | $11.6M | 0.15% | −3,560−3.0% | Reduced |
| DKRT Investments Corp. | 117,500 | $11.6M | 3.29% | −117,500−50.0% | Reduced |
| Claret Asset Management Corp | 120,355 | $11.9M | 1.38% | +42,445+54.5% | Added |
| Lansforsakringar Fondforvaltning AB (publ) | 120,664 | $11.9M | 0.06% | +1,802+1.5% | Added |
| Cerity Partners LLC | 122,783 | $12.1M | 0.02% | −5,420−4.2% | Reduced |
| PBU - The Pension Fund of Early Childhood & Youth Educators | 124,802 | $12.4M | 0.18% | +124,802 | New |
| Purpose Unlimited Inc. | 125,667 | $12.4M | 0.57% | +125,667 | New |
| Taproot Management LP | 126,875 | $12.5M | 2.03% | +126,875 | New |
| BNP Paribas Arbitrage, SA | 126,885 | $12.5M | 0.01% | −296,411−70.0% | Reduced |
| Choate Investment Advisors | 130,210 | $12.9M | 0.25% | −8,972−6.4% | Reduced |
| Great Lakes Advisors, LLC | 131,709 | $13.0M | 0.11% | −5,487−4.0% | Reduced |
| Papp L Roy & Associates | 131,724 | $13.0M | 1.44% | −2,865−2.1% | Reduced |
| Crossmark Global Holdings, Inc. | 132,698 | $13.1M | 0.19% | −12,304−8.5% | Reduced |
| Cardinal Point Capital Management, ULC | 132,473 | $13.1M | 0.86% | +8,047+6.5% | Added |
| Hemenway Trust Co LLC | 133,625 | $13.2M | 1.01% | −20,507−13.3% | Reduced |
| State Street Corp | 136,672 | $13.5M | 0.00% | −31,800−18.9% | Reduced |
| Vident Advisory, LLC | 138,192 | $13.7M | 0.13% | +6,697+5.1% | Added |
| First Long Island Investors, LLC | 141,486 | $14.0M | 1.03% | −10,714−7.0% | Reduced |
| APG Asset Management N.V. | 166,036 | $14.0M | 0.04% | −212,864−56.2% | Reduced |
| Coleford Investment Management Ltd. | 143,951 | $14.2M | 3.47% | −3,565−2.4% | Reduced |
| Act Two Investors LLC | 146,385 | $14.5M | 2.60% | +38,688+35.9% | Added |
| Foresight Global Investors, Inc. | 156,005 | $15.4M | 7.26% | +401+0.3% | Added |
| Banque Transatlantique SA | 163,025 | $16.1M | 0.39% | −28,715−15.0% | Reduced |
| Verity & Verity, LLC | 164,417 | $16.3M | 1.26% | +9,148+5.9% | Added |
| Captrust Financial Advisors | 165,253 | $16.3M | 0.03% | +151,441+1,096.4% | Added |
| Ninepoint Partners LP | 121,522 | $16.5M | 1.96% | +69,085+131.7% | Added |
| Aviso Financial Inc. | 166,997 | $16.5M | 0.63% | −16,695−9.1% | Reduced |
| Wells Fargo & Company | 168,628 | $16.7M | 0.00% | −9,454−5.3% | Reduced |
| Public Employees Retirement System of Ohio | 172,191 | $17.0M | 0.05% | −174,068−50.3% | Reduced |
| Windward Capital Management Co | 172,300 | $17.0M | 1.35% | −5,086−2.9% | Reduced |
| LGT Group Foundation | 176,267 | $17.5M | 0.19% | +50,142+39.8% | Added |
| Osher Van de Voorde Investment Management | 178,257 | $17.6M | 3.81% | +4,040+2.3% | Added |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 180,901 | $17.9M | 0.02% | 00.0% | Unchanged |
| Waratah Capital Advisors Ltd. | 184,374 | $18.2M | 1.39% | +184,374 | New |
| State of Wisconsin Investment Board | 184,577 | $18.3M | 0.04% | +184,577 | New |
| Erste Asset Management GmbH | 184,501 | $18.3M | 0.15% | +54,337+41.7% | Added |
| Envestnet Asset Management Inc | 185,885 | $18.4M | 0.01% | −44,702−19.4% | Reduced |
| Bridgewater Associates, LP | 187,527 | $18.6M | 0.07% | −15,693−7.7% | Reduced |
| Montrusco Bolton Investments Inc. | 197,993 | $19.6M | 0.24% | −2,196−1.1% | Reduced |
| Nicola Wealth Management Ltd. | 198,800 | $19.7M | 1.79% | 00.0% | Unchanged |
| Rempart Asset Management Inc. | 200,447 | $19.8M | 3.75% | −2,500−1.2% | Reduced |
| Mn Services Vermogensbeheer B.V. | 204,795 | $20.3M | 0.12% | +2,735+1.4% | Added |
| Two Sigma Advisers, LP | 208,772 | $20.6M | 0.04% | −427,100−67.2% | Reduced |
| Citigroup Inc | 232,729 | $23.0M | 0.02% | −30,134−11.5% | Reduced |
| Raymond James Financial Inc | 233,604 | $23.1M | 0.01% | +3,868+1.7% | Added |
| Great West Life Assurance Co | 234,030 | $23.2M | 0.04% | −143,414−38.0% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 243,701 | $24.1M | 0.05% | −98,904−28.9% | Reduced |
| Guardian Partners Inc. | 248,911 | $24.6M | 1.97% | +10,957+4.6% | Added |
| Van Eck Associates Corp | 256,582 | $25.4M | 0.02% | +16,338+6.8% | Added |
| Neuberger Berman Group LLC | 259,468 | $25.7M | 0.02% | +13,171+5.3% | Added |
| Capital International Inc | 260,931 | $25.8M | 0.20% | −10,183−3.8% | Reduced |
| Natixis Advisors, L.P. | 262,048 | $25.9M | 0.04% | +16,572+6.8% | Added |
| Jane Street Group, LLC | 268,073 | $26.5M | 0.03% | +245,695+1,097.9% | Added |