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 |
|---|---|---|---|---|---|
| Massachusetts Financial Services Co | 10,584,719 | $1.05B | 0.34% | −1,076,172−9.2% | Reduced |
| TD Asset Management Inc | 11,374,457 | $1.13B | 0.91% | −89,681−0.8% | Reduced |
| Caisse de Depot Et Placement du Quebec | 13,894,922 | $1.38B | 2.33% | 00.0% | Unchanged |
| Bank of Montreal | 14,178,973 | $1.40B | 0.57% | −22,702−0.2% | Reduced |
| FIL Ltd | 15,745,744 | $1.56B | 1.17% | +5,210,403+49.5% | Added |
| 1832 Asset Management L.P. | 18,747,746 | $1.85B | 2.35% | +9,294,926+98.3% | Added |
| Vanguard Group Inc | 24,646,922 | $2.44B | 0.04% | +346,670+1.4% | Added |
| Royal Bank of Canada | 26,114,070 | $2.58B | 0.45% | −718,329−2.7% | Reduced |
| Gates Foundation TrustSuperinvestorGates Foundation Trust | 51,826,786 | $5.12B | 14.49% | 00.0% | Unchanged |
| HSBC Holdings PLC | 0 | $0 | 0.00% | −557,945−100.0% | Sold out |
| Bornite Capital Management LP | 0 | $0 | 0.00% | −500,000−100.0% | Sold out |
| Partners Group Holding AG | 0 | $0 | 0.00% | −307,025−100.0% | Sold out |
| Criteria Caixa, S.A.U. | 0 | $0 | 0.00% | −201,600−100.0% | Sold out |
| Lighthouse Investment Partners, LLC | 0 | $0 | 0.00% | −158,799−100.0% | Sold out |
| Verition Fund Management LLC | 0 | $0 | 0.00% | −78,715−100.0% | Sold out |
| Macquarie Group Ltd | 0 | $0 | 0.00% | −42,668−100.0% | Sold out |
| Walleye Capital LLC | 0 | $0 | 0.00% | −39,869−100.0% | Sold out |
| Reaves W H & Co Inc | 0 | $0 | 0.00% | −28,796−100.0% | Sold out |
| Gotham Asset Management, LLC | 0 | $0 | 0.00% | −23,969−100.0% | Sold out |
| Y-Intercept (Hong Kong) Ltd | 0 | $0 | 0.00% | −15,328−100.0% | Sold out |
| Susquehanna International Group, LLP | 0 | $0 | 0.00% | −14,031−100.0% | Sold out |
| Lombard Odier Asset Management (Switzerland) SA | 0 | $0 | 0.00% | −12,639−100.0% | Sold out |
| Pembroke Management, LTD | 0 | $0 | 0.00% | −12,503−100.0% | Sold out |
| Marshall Financial Group LLC | 0 | $0 | 0.00% | −11,009−100.0% | Sold out |
| Novem Group | 0 | $0 | 0.00% | −9,950−100.0% | Sold out |
| Carlson Capital L P | 0 | $0 | 0.00% | −8,900−100.0% | Sold out |
| Virtu Financial LLC | 0 | $0 | 0.00% | −8,510−100.0% | Sold out |
| Kestra Private Wealth Services, LLC | 0 | $0 | 0.00% | −7,592−100.0% | Sold out |
| Rede Wealth, LLC | 0 | $0 | 0.00% | −5,117−100.0% | Sold out |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management | 0 | $0 | 0.00% | −4,968−100.0% | Sold out |
| Prudential PLC | 0 | $0 | 0.00% | −4,767−100.0% | Sold out |
| Mission Wealth Management, LP | 0 | $0 | 0.00% | −4,675−100.0% | Sold out |
| Brighton Jones LLC | 0 | $0 | 0.00% | −3,907−100.0% | Sold out |
| Sageworth Trust Co | 0 | $0 | 0.00% | −3,507−100.0% | Sold out |
| Diversify Advisory Services, LLC | 0 | $0 | 0.00% | −2,992−100.0% | Sold out |
| SummitTX Capital, L.P. | 0 | $0 | 0.00% | −2,985−100.0% | Sold out |
| New England Research & Management, Inc. | 0 | $0 | 0.00% | −2,600−100.0% | Sold out |
| Snowden Capital Advisors LLC | 0 | $0 | 0.00% | −2,356−100.0% | Sold out |
| North Berkeley Wealth Management, LLC | 0 | $0 | 0.00% | −2,253−100.0% | Sold out |
| SIH Partners, LLLP | 0 | $0 | 0.00% | −2,208−100.0% | Sold out |
| Smith, Moore & Co. | 0 | $0 | 0.00% | −2,131−100.0% | Sold out |
| Mather Group, LLC. | 0 | $0 | 0.00% | −1,889−100.0% | Sold out |
| Monetary Management Group Inc | 0 | $0 | 0.00% | −2,000−100.0% | Sold out |
| Pathway Financial Advisers, LLC | 0 | $0 | 0.00% | −1,521−100.0% | Sold out |
| Principal Securities, Inc. | 0 | $0 | 0.00% | −483−100.0% | Sold out |
| American National Bank | 0 | $0 | 0.00% | −450−100.0% | Sold out |
| Arlington Trust Co LLC | 0 | $0 | 0.00% | −300−100.0% | Sold out |
| GW&K Investment Management, LLC | 0 | $0 | 0.00% | −293−100.0% | Sold out |
| Consultiva Wealth Management, Corp. | 0 | $0 | 0.00% | −195−100.0% | Sold out |
| Medallion Wealth Advisors, LLC | 0 | $0 | 0.00% | −160−100.0% | Sold out |
| Noble Wealth Management PBC | 0 | $0 | 0.00% | −106−100.0% | Sold out |
| North Capital, Inc. | 0 | $0 | 0.00% | −91−100.0% | Sold out |
| Halbert Hargrove Global Advisors, LLC | 0 | $0 | 0.00% | −71−100.0% | Sold out |
| Highline Wealth Partners LLC | 0 | $0 | 0.00% | −66−100.0% | Sold out |
| Atlantic Trust, LLC | 0 | $0 | 0.00% | −46−100.0% | Sold out |
| Wolff Wiese Magana LLC | 0 | $0 | 0.00% | −17−100.0% | Sold out |
| Kimelman & Baird, LLC | 0 | $0 | 0.00% | −7−100.0% | Sold out |
| JPL Wealth Management, LLC | 0 | $0 | 0.00% | −2−100.0% | Sold out |
| Jarislowsky, Fraser Ltd | – | – | – | – | Not filed |
| Burgundy Asset Management Ltd. | – | – | – | – | Not filed |
| Cobblestone Capital Advisors LLC | – | – | – | – | Not filed |
| AXA Investment Managers S.A. | – | – | – | – | Not filed |
| Shell Asset Management Co | – | – | – | – | Not filed |
| Synovus Financial Corp | – | – | – | – | Not filed |
| Glenmede Investment Management, LP | – | – | – | – | Not filed |
| Wetherby Asset Management Inc | – | – | – | – | Not filed |
| Ridgewood Investments LLC | – | – | – | – | Not filed |
| First Affirmative Financial Network | – | – | – | – | Not filed |
| Stone Run Capital, LLC | – | – | – | – | Not filed |
| Lion Street Advisors, LLC | – | – | – | – | Not filed |
| Wealthstream Advisors, Inc. | – | – | – | – | Not filed |
| Galibier Capital Management Ltd. | – | – | – | – | Not filed |
| Optimum Investment Advisors | – | – | – | – | Not filed |
| Binnacle Investments Inc | – | – | – | – | Not filed |