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 |
|---|---|---|---|---|---|
| Bank of Nova Scotia Trust Co | 292,771 | $28.9M | 2.52% | +19,017+6.9% | Added |
| Louisbourg Investments Inc. | 289,946 | $28.7M | 5.72% | −12,197−4.0% | Reduced |
| Pictet Asset Management Holding SA | 288,085 | $28.5M | 0.03% | −11,000−3.7% | Reduced |
| Barclays PLC | 284,145 | $28.1M | 0.01% | +97,666+52.4% | Added |
| Citadel Advisors LLC | 283,867 | $28.1M | 0.02% | +198,166+231.2% | Added |
| Schonfeld Strategic Advisors LLC | 275,659 | $27.2M | 0.14% | +275,659 | New |
| Jain Global LLC | 274,339 | $27.1M | 0.26% | +271,934+11,307.0% | Added |
| Ameriprise Financial Inc | 283,880 | $26.7M | 0.01% | −242,466−46.1% | Reduced |
| Cidel Asset Management Inc | 267,907 | $26.5M | 1.88% | −182,736−40.6% | Reduced |
| Jane Street Group, LLC | 268,073 | $26.5M | 0.03% | +245,695+1,097.9% | Added |
| Natixis Advisors, L.P. | 262,048 | $25.9M | 0.04% | +16,572+6.8% | Added |
| Capital International Inc | 260,931 | $25.8M | 0.20% | −10,183−3.8% | Reduced |
| Neuberger Berman Group LLC | 259,468 | $25.7M | 0.02% | +13,171+5.3% | Added |
| Van Eck Associates Corp | 256,582 | $25.4M | 0.02% | +16,338+6.8% | Added |
| Guardian Partners Inc. | 248,911 | $24.6M | 1.97% | +10,957+4.6% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 243,701 | $24.1M | 0.05% | −98,904−28.9% | Reduced |
| Great West Life Assurance Co | 234,030 | $23.2M | 0.04% | −143,414−38.0% | Reduced |
| Raymond James Financial Inc | 233,604 | $23.1M | 0.01% | +3,868+1.7% | Added |
| Citigroup Inc | 232,729 | $23.0M | 0.02% | −30,134−11.5% | Reduced |
| Two Sigma Advisers, LP | 208,772 | $20.6M | 0.04% | −427,100−67.2% | Reduced |
| Mn Services Vermogensbeheer B.V. | 204,795 | $20.3M | 0.12% | +2,735+1.4% | Added |
| Rempart Asset Management Inc. | 200,447 | $19.8M | 3.75% | −2,500−1.2% | Reduced |
| Nicola Wealth Management Ltd. | 198,800 | $19.7M | 1.79% | 00.0% | Unchanged |
| Montrusco Bolton Investments Inc. | 197,993 | $19.6M | 0.24% | −2,196−1.1% | Reduced |
| Bridgewater Associates, LP | 187,527 | $18.6M | 0.07% | −15,693−7.7% | Reduced |
| Envestnet Asset Management Inc | 185,885 | $18.4M | 0.01% | −44,702−19.4% | Reduced |
| Erste Asset Management GmbH | 184,501 | $18.3M | 0.15% | +54,337+41.7% | Added |
| State of Wisconsin Investment Board | 184,577 | $18.3M | 0.04% | +184,577 | New |
| Waratah Capital Advisors Ltd. | 184,374 | $18.2M | 1.39% | +184,374 | New |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 180,901 | $17.9M | 0.02% | 00.0% | Unchanged |
| Osher Van de Voorde Investment Management | 178,257 | $17.6M | 3.81% | +4,040+2.3% | Added |
| LGT Group Foundation | 176,267 | $17.5M | 0.19% | +50,142+39.8% | Added |
| Windward Capital Management Co | 172,300 | $17.0M | 1.35% | −5,086−2.9% | Reduced |
| Public Employees Retirement System of Ohio | 172,191 | $17.0M | 0.05% | −174,068−50.3% | Reduced |
| Wells Fargo & Company | 168,628 | $16.7M | 0.00% | −9,454−5.3% | Reduced |
| Aviso Financial Inc. | 166,997 | $16.5M | 0.63% | −16,695−9.1% | Reduced |
| Ninepoint Partners LP | 121,522 | $16.5M | 1.96% | +69,085+131.7% | Added |
| Captrust Financial Advisors | 165,253 | $16.3M | 0.03% | +151,441+1,096.4% | Added |
| Verity & Verity, LLC | 164,417 | $16.3M | 1.26% | +9,148+5.9% | Added |
| Banque Transatlantique SA | 163,025 | $16.1M | 0.39% | −28,715−15.0% | Reduced |
| Foresight Global Investors, Inc. | 156,005 | $15.4M | 7.26% | +401+0.3% | Added |
| Act Two Investors LLC | 146,385 | $14.5M | 2.60% | +38,688+35.9% | Added |
| Coleford Investment Management Ltd. | 143,951 | $14.2M | 3.47% | −3,565−2.4% | Reduced |
| APG Asset Management N.V. | 166,036 | $14.0M | 0.04% | −212,864−56.2% | Reduced |
| First Long Island Investors, LLC | 141,486 | $14.0M | 1.03% | −10,714−7.0% | Reduced |
| Vident Advisory, LLC | 138,192 | $13.7M | 0.13% | +6,697+5.1% | Added |
| State Street Corp | 136,672 | $13.5M | 0.00% | −31,800−18.9% | Reduced |
| Hemenway Trust Co LLC | 133,625 | $13.2M | 1.01% | −20,507−13.3% | Reduced |
| Cardinal Point Capital Management, ULC | 132,473 | $13.1M | 0.86% | +8,047+6.5% | Added |
| Crossmark Global Holdings, Inc. | 132,698 | $13.1M | 0.19% | −12,304−8.5% | Reduced |
| Papp L Roy & Associates | 131,724 | $13.0M | 1.44% | −2,865−2.1% | Reduced |
| Great Lakes Advisors, LLC | 131,709 | $13.0M | 0.11% | −5,487−4.0% | Reduced |
| Choate Investment Advisors | 130,210 | $12.9M | 0.25% | −8,972−6.4% | Reduced |
| BNP Paribas Arbitrage, SA | 126,885 | $12.5M | 0.01% | −296,411−70.0% | Reduced |
| Taproot Management LP | 126,875 | $12.5M | 2.03% | +126,875 | New |
| Purpose Unlimited Inc. | 125,667 | $12.4M | 0.57% | +125,667 | New |
| PBU - The Pension Fund of Early Childhood & Youth Educators | 124,802 | $12.4M | 0.18% | +124,802 | New |
| Cerity Partners LLC | 122,783 | $12.1M | 0.02% | −5,420−4.2% | Reduced |
| Lansforsakringar Fondforvaltning AB (publ) | 120,664 | $11.9M | 0.06% | +1,802+1.5% | Added |
| Claret Asset Management Corp | 120,355 | $11.9M | 1.38% | +42,445+54.5% | Added |
| DKRT Investments Corp. | 117,500 | $11.6M | 3.29% | −117,500−50.0% | Reduced |
| Pinnacle Associates Ltd | 117,024 | $11.6M | 0.15% | −3,560−3.0% | Reduced |
| Principal Financial Group Inc | 114,500 | $11.3M | 0.01% | +38,900+51.5% | Added |
| Man Group plc | 114,192 | $11.3M | 0.02% | +103,149+934.1% | Added |
| Quantbot Technologies LP | 113,591 | $11.2M | 0.37% | +108,474+2,119.9% | Added |
| Swiss Life Asset Management Ltd | 113,152 | $11.2M | 0.06% | +9,018+8.7% | Added |
| Royal London Asset Management Ltd | 111,080 | $11.0M | 0.02% | +1,062+1.0% | Added |
| Rockefeller Capital Management L.P. | 107,993 | $10.7M | 0.02% | −4,791−4.2% | Reduced |
| Somerville Kurt F | 106,457 | $10.5M | 1.78% | −12,283−10.3% | Reduced |
| Hendershot Investments Inc. | 103,331 | $10.2M | 1.30% | −8,239−7.4% | Reduced |
| Forsta Ap-Fonden | 103,100 | $10.2M | 0.06% | −7,900−7.1% | Reduced |
| LPL Financial LLC | 100,594 | $9.94M | 0.00% | −5,033−4.8% | Reduced |
| Silvercrest Asset Management Group LLC | 100,306 | $9.92M | 0.07% | −25,765−20.4% | Reduced |
| USS Investment Management Ltd | 99,638 | $9.86M | 0.05% | 00.0% | Unchanged |
| Capital International Sarl | 98,665 | $9.77M | 0.16% | +5,970+6.4% | Added |
| Qube Research & Technologies Ltd | 98,759 | $9.76M | 0.01% | −135,981−57.9% | Reduced |
| PensionDanmark Pensionsforsikringsaktieselskab | 97,367 | $9.64M | 0.09% | +97,367 | New |
| Union Bancaire Privee, UBP SA | 46,312 | $9.50M | 0.16% | −1,308−2.7% | Reduced |
| Lorne Steinberg Wealth Management Inc. | 95,555 | $9.46M | 2.18% | +12,460+15.0% | Added |
| Varma Mutual Pension Insurance Co | 95,446 | $9.45M | 0.06% | −48,700−33.8% | Reduced |
| Northstar Asset Management Inc | 91,499 | $9.04M | 2.34% | −9,804−9.7% | Reduced |
| Ravenstone Capital Management Inc. | 88,231 | $8.73M | 3.98% | +2,525+2.9% | Added |
| Bradley Foster & Sargent Inc | 86,092 | $8.51M | 0.13% | −1,362−1.6% | Reduced |
| Mariner, LLC | 85,458 | $8.45M | 0.01% | −5,404−5.9% | Reduced |
| Scharf Investments, LLC | 83,790 | $8.28M | 0.22% | +83,790 | New |
| Skandinaviska Enskilda Banken AB (publ) | 81,713 | $8.08M | 0.03% | −2,362−2.8% | Reduced |
| Weybosset Research & Management LLC | 81,474 | $8.05M | 2.48% | −445−0.5% | Reduced |
| Banco Bilbao Vizcaya Argentaria, S.A. | 80,000 | $7.91M | 0.06% | −13,400−14.3% | Reduced |
| Hillsdale Investment Management Inc. | 79,697 | $7.90M | 0.22% | +48,725+157.3% | Added |
| Capital Group Private Client Services, Inc. | 78,037 | $7.72M | 0.12% | −7,958−9.3% | Reduced |
| Broderick Brian C | 76,722 | $7.58M | 1.43% | −140−0.2% | Reduced |
| Franklin, Parlapiano, Turner & Welch, LLC | 75,105 | $7.52M | 1.87% | +2,045+2.8% | Added |
| Numerai GP LLC | 74,950 | $7.41M | 0.89% | +57,721+335.0% | Added |
| Kornitzer Capital Management Inc | 73,998 | $7.31M | 0.15% | 00.0% | Unchanged |
| Dillon & Associates Inc | 73,546 | $7.28M | 0.94% | −297−0.4% | Reduced |
| Heronetta Management, L.P. | 53,400 | $7.25M | 4.19% | 00.0% | Unchanged |
| Jennison Associates LLC | 73,290 | $7.24M | 0.00% | −796−1.1% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 71,689 | $7.10M | 0.06% | −5,635−7.3% | Reduced |
| The PNC Financial Services Group, Inc. | 70,725 | $6.99M | 0.00% | +280.0% | Added |
| Polar Asset Management Partners Inc. | 70,000 | $6.93M | 0.14% | −30,000−30.0% | Reduced |