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 |
|---|---|---|---|---|---|
| Cidel Asset Management Inc | 267,907 | $26.5M | 1.88% | −182,736−40.6% | Reduced |
| Ameriprise Financial Inc | 283,880 | $26.7M | 0.01% | −242,466−46.1% | Reduced |
| Jain Global LLC | 274,339 | $27.1M | 0.26% | +271,934+11,307.0% | Added |
| Schonfeld Strategic Advisors LLC | 275,659 | $27.2M | 0.14% | +275,659 | New |
| Citadel Advisors LLC | 283,867 | $28.1M | 0.02% | +198,166+231.2% | Added |
| Barclays PLC | 284,145 | $28.1M | 0.01% | +97,666+52.4% | Added |
| Pictet Asset Management Holding SA | 288,085 | $28.5M | 0.03% | −11,000−3.7% | Reduced |
| Louisbourg Investments Inc. | 289,946 | $28.7M | 5.72% | −12,197−4.0% | Reduced |
| Bank of Nova Scotia Trust Co | 292,771 | $28.9M | 2.52% | +19,017+6.9% | Added |
| Ycg, LLC | 293,152 | $29.0M | 2.19% | +1,366+0.5% | Added |
| American Century Companies Inc | 296,124 | $29.3M | 0.01% | +45,777+18.3% | Added |
| Renaissance Technologies LLC | 302,600 | $29.9M | 0.05% | +52,200+20.8% | Added |
| Adage Capital Partners GP, L.L.C. | 312,500 | $30.9M | 0.05% | +312,500 | New |
| CIBC Private Wealth Group, LLC | 317,879 | $31.4M | 0.05% | −22,829−6.7% | Reduced |
| Korea Investment CORP | 325,541 | $32.2M | 0.06% | +3,576+1.1% | Added |
| Duff & Phelps Investment Management Co | 336,789 | $33.4M | 0.38% | +34,249+11.3% | Added |
| Public Sector Pension Investment Board | 341,109 | $33.7M | 0.11% | −69,770−17.0% | Reduced |
| Picton Mahoney Asset Management | 344,448 | $34.1M | 0.37% | +170,245+97.7% | Added |
| First Trust Advisors LP | 367,766 | $36.4M | 0.03% | −41,311−10.1% | Reduced |
| Saturna Capital CORP | 384,214 | $38.0M | 0.50% | −660.0% | Reduced |
| BlackRock, Inc. | 385,055 | $38.1M | 0.00% | +2,312+0.6% | Added |
| Millennium Management LLC | 385,156 | $38.1M | 0.03% | +385,156 | New |
| Guardian Capital LP | 399,231 | $39.5M | 1.17% | +40,035+11.1% | Added |
| BCV Asset Management Inc. | 294,559 | $42.5M | 1.07% | +294,559 | New |
| Northwest & Ethical Investments L.P. | 430,970 | $42.6M | 0.96% | +47,671+12.4% | Added |
| Aviva PLC | 448,612 | $44.4M | 0.07% | +22,925+5.4% | Added |
| UBS Group AG | 451,954 | $44.7M | 0.01% | −65,732−12.7% | Reduced |
| Clean Energy Transition LLP | 478,184 | $47.3M | 3.94% | +478,184 | New |
| Bank of New York Mellon Corp | 500,597 | $49.5M | 0.01% | −4,732,060−90.4% | Reduced |
| Dixon Mitchell Investment Counsel Inc. | 502,525 | $49.8M | 1.64% | −2,775−0.5% | Reduced |
| Point72 Asset Management, L.P. | 522,622 | $51.6M | 0.08% | +522,622 | New |
| State of Tennessee, Treasury Department | 537,779 | $51.9M | 0.17% | −178,758−24.9% | Reduced |
| Russell Investments Group, Ltd. | 545,277 | $54.0M | 0.06% | −1,973−0.4% | Reduced |
| Northern Trust Corp | 560,016 | $55.4M | 0.01% | +37,153+7.1% | Added |
| Intact Investment Management Inc. | 565,920 | $56.0M | 1.61% | +129,450+29.7% | Added |
| Lincluden Management Ltd | 419,122 | $56.9M | 4.83% | −15,222−3.5% | Reduced |
| SEI Investments Co | 577,126 | $57.0M | 0.06% | +14,224+2.5% | Added |
| Value Partners Investments Inc. | 604,155 | $59.8M | 4.59% | +2,235+0.4% | Added |
| Voloridge Investment Management, LLC | 606,175 | $59.9M | 0.21% | −174,039−22.3% | Reduced |
| Addenda Capital Inc. | 454,002 | $61.6M | 1.81% | −14,312−3.1% | Reduced |
| DekaBank Deutsche Girozentrale | 456,770 | $61.8M | 0.12% | 00.0% | Unchanged |
| Franklin Resources Inc | 629,572 | $62.3M | 0.02% | +1,972+0.3% | Added |
| QV Investors Inc. | 629,069 | $62.3M | 5.10% | +43,523+7.4% | Added |
| Agf Management Ltd | 539,682 | $69.8M | 0.30% | −215,640−28.5% | Reduced |
| Alberta Investment Management Corp | 718,500 | $71.1M | 0.43% | −4,100−0.6% | Reduced |
| Two Sigma Investments, LP | 750,930 | $74.2M | 0.11% | −497,041−39.8% | Reduced |
| Scheer, Rowlett & Associates Investment Management Ltd. | 761,487 | $75.3M | 5.17% | −118,700−13.5% | Reduced |
| Letko, Brosseau & Associates Inc | 773,340 | $76.6M | 1.25% | +773,340 | New |
| Amundi | 821,063 | $81.2M | 0.02% | −37,186−4.3% | Reduced |
| British Columbia Investment Management Corp | 820,775 | $81.2M | 0.43% | +482,005+142.3% | Added |
| MUFG Securities (Canada), Ltd. | 834,086 | $82.5M | 2.29% | −85,317−9.3% | Reduced |
| BLI - Banque de Luxembourg Investments | 844,888 | $83.7M | 2.45% | −58,007−6.4% | Reduced |
| Brown Advisory Inc | 855,544 | $84.6M | 0.12% | −37,610−4.2% | Reduced |
| Douglass Winthrop Advisors, LLC | 1,003,520 | $99.2M | 1.73% | −81,689−7.5% | Reduced |
| Invesco Ltd. | 1,089,190 | $107.7M | 0.01% | +216,316+24.8% | Added |
| Balyasny Asset Management LLC | 1,143,186 | $113.0M | 0.21% | +1,128,186+7,521.2% | Added |
| Nuveen, LLC | 1,198,901 | $118.7M | 0.03% | −90,957−7.1% | Reduced |
| Findlay Park Partners LLP | 1,216,968 | $120.3M | 1.53% | −246,800−16.9% | Reduced |
| AQR Capital Management LLC | 1,234,030 | $122.1M | 0.06% | +1,214,836+6,329.2% | Added |
| Dimensional Fund Advisors LP | 1,280,638 | $126.6M | 0.03% | +22,234+1.8% | Added |
| Loring Wolcott & Coolidge Fiduciary Advisors LLP | 1,305,390 | $131.2M | 1.19% | −87,608−6.3% | Reduced |
| Cardinal Capital Management, Inc. | 974,350 | $132.3M | 2.97% | +232,120+31.3% | Added |
| Stifel Financial Corp | 1,358,452 | $134.3M | 0.12% | −1750.0% | Reduced |
| Swiss National Bank | 1,393,900 | $138.1M | 0.08% | −140,700−9.2% | Reduced |
| Charles Schwab Investment Management Inc | 1,579,907 | $156.5M | 0.02% | +52,063+3.4% | Added |
| FMR LLC | 1,621,619 | $160.4M | 0.01% | −401,357−19.8% | Reduced |
| TD Waterhouse Canada Inc. | 1,978,313 | $195.6M | 1.22% | +102,886+5.5% | Added |
| Toronto Dominion Bank | 2,046,347 | $202.4M | 0.36% | +594,135+40.9% | Added |
| Harding Loevner LP | 2,143,651 | $211.9M | 1.86% | −153,887−6.7% | Reduced |
| Quadrature Capital Ltd | 2,261,305 | $223.9M | 2.29% | +521,605+30.0% | Added |
| Fisher Asset Management, LLC | 2,279,778 | $225.4M | 0.08% | +216,963+10.5% | Added |
| Bank of America Corp | 2,319,526 | $229.3M | 0.02% | −414,447−15.2% | Reduced |
| JPMorgan Chase & Co | 2,345,167 | $231.8M | 0.02% | −450,250−16.1% | Reduced |
| Beutel, Goodman & Co Ltd. | 2,629,511 | $260.4M | 1.60% | −1,218,404−31.7% | Reduced |
| Morgan Stanley | 2,649,092 | $261.9M | 0.02% | +241,222+10.0% | Added |
| Bank of Nova Scotia | 2,826,410 | $279.5M | 0.41% | +140,612+5.2% | Added |
| Troy Asset Management Ltd | 2,736,154 | $288.0M | 7.42% | −2,218−0.1% | Reduced |
| Canoe Financial LP | 2,924,042 | $289.2M | 3.93% | +155,760+5.6% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 3,067,634 | $303.4M | 0.80% | +899,402+41.5% | Added |
| CIBC Asset Management Inc | 3,510,774 | $348.1M | 0.84% | −979,648−21.8% | Reduced |
| Goldman Sachs Group Inc | 3,597,734 | $355.6M | 0.05% | +97,950+2.8% | Added |
| Canada Pension Plan Investment Board | 3,604,681 | $356.5M | 0.24% | +345,140+10.6% | Added |
| Federation des caisses Desjardins du Quebec | 3,780,155 | $374.0M | 1.43% | +167,287+4.6% | Added |
| Scotia Capital Inc. | 3,839,951 | $379.6M | 1.53% | +136,329+3.7% | Added |
| Legal & General Group Plc | 4,113,459 | $407.4M | 0.09% | −106,258−2.5% | Reduced |
| Manufacturers Life Insurance Company, The | 4,452,495 | $441.3M | 0.36% | +399,711+9.9% | Added |
| Clearbridge Investments, LLC | 4,481,206 | $443.0M | 0.35% | +976,324+27.9% | Added |
| CIBC World Markets Inc. | 5,165,704 | $510.6M | 0.91% | +651,763+14.4% | Added |
| Geode Capital Management, LLC | 5,119,084 | $514.9M | 0.03% | +209,319+4.3% | Added |
| Norges Bank | 5,764,854 | $570.2M | 0.06% | +5,764,854 | New |
| Arrowstreet Capital, Limited Partnership | 6,165,148 | $609.6M | 0.36% | +173,410+2.9% | Added |
| Fiera Capital Corp | 6,648,582 | $657.8M | 2.09% | +176,872+2.7% | Added |
| National Bank of Canada | 6,710,219 | $663.1M | 0.68% | −201,802−2.9% | Reduced |
| Price T Rowe Associates Inc | 8,032,989 | $794.1M | 0.09% | +89,972+1.1% | Added |
| Lazard Asset Management LLC | 8,903,624 | $880.6M | 1.49% | −52,087−0.6% | Reduced |
| Mackenzie Financial Corp | 8,894,923 | $882.0M | 1.04% | +268,776+3.1% | Added |
| Deutsche Bank AG | 8,998,101 | $889.5M | 0.29% | +1,182,106+15.1% | Added |
| Wellington Management Group LLP | 9,315,803 | $922.4M | 0.16% | −2,360,035−20.2% | Reduced |
| TCI Fund Management LtdSuperinvestorTCI Fund Management | 9,849,934 | $974.1M | 1.82% | −8,917,840−47.5% | Reduced |
| Capital International Investors | 9,917,406 | $981.3M | 0.15% | −118,538−1.2% | Reduced |