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 |
|---|---|---|---|---|---|
| Rothschild & Co Wealth Management UK Ltd | 68,163 | $6.74M | 0.11% | +4,591+7.2% | Added |
| Quantinno Capital Management LP | 67,590 | $6.68M | 0.01% | +29,665+78.2% | Added |
| Investment Management Corp of Ontario | 67,126 | $6.64M | 0.09% | +46,496+225.4% | Added |
| SIG North Trading, ULC | 66,301 | $6.55M | 1.15% | −90,169−57.6% | Reduced |
| Patten & Patten Inc | 66,294 | $6.55M | 0.38% | −4,762−6.7% | Reduced |
| ExodusPoint Capital Management, LP | 65,775 | $6.50M | 0.07% | +29,675+82.2% | Added |
| O'Shaughnessy Asset Management, LLC | 64,821 | $6.41M | 0.04% | +586+0.9% | Added |
| Creative Planning | 63,436 | $6.27M | 0.00% | −2,735−4.1% | Reduced |
| US Bancorp | 63,234 | $6.25M | 0.01% | +2,036+3.3% | Added |
| Generali Asset Management SPA SGR | 46,011 | $6.25M | 0.13% | −7,308−13.7% | Reduced |
| KWMG, LLC | 63,065 | $6.23M | 0.54% | +2,904+4.8% | Added |
| Utah Retirement Systems | 62,397 | $6.18M | 0.06% | 00.0% | Unchanged |
| Capital International Ltd | 61,579 | $6.09M | 0.21% | +8,685+16.4% | Added |
| Stamos Capital Partners, L.P. | 60,220 | $5.95M | 0.96% | +24,418+68.2% | Added |
| Cetera Investment Advisers | 59,902 | $5.92M | 0.01% | −4,596−7.1% | Reduced |
| Graham Capital Management, L.P. | 59,880 | $5.92M | 0.20% | +56,231+1,541.0% | Added |
| Maryland State Retirement & Pension System | 58,426 | $5.78M | 0.12% | 00.0% | Unchanged |
| Callahan Advisors, LLC | 58,422 | $5.78M | 0.47% | −19,588−25.1% | Reduced |
| Mediolanum International Funds Ltd | 57,941 | $5.76M | 0.06% | +19,997+52.7% | Added |
| Toroso Investments, LLC | 57,792 | $5.71M | 0.02% | +52,827+1,064.0% | Added |
| Victory Capital Management Inc | 41,800 | $5.67M | 0.00% | +41,800 | New |
| Puzo Michael J | 57,010 | $5.64M | 1.53% | −6,110−9.7% | Reduced |
| Burkett Asset Management Ltd | 55,967 | $5.54M | 5.60% | +55,967 | New |
| Smithbridge Asset Management Inc | 55,900 | $5.53M | 0.47% | +26,765+91.9% | Added |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 40,427 | $5.48M | 0.01% | +40,427 | New |
| Sienna Gestion | 55,300 | $5.47M | 0.33% | 00.0% | Unchanged |
| Brown, Lisle/Cummings, Inc. | 54,778 | $5.41M | 1.33% | +5,800+11.8% | Added |
| Gold Investment Management Ltd. | 54,534 | $5.39M | 1.72% | +1,042+1.9% | Added |
| JLB & Associates Inc | 54,183 | $5.36M | 0.72% | −23,020−29.8% | Reduced |
| Healthcare of Ontario Pension Plan Trust Fund | 53,767 | $5.31M | 0.01% | +33,025+159.2% | Added |
| Alliancebernstein L.P. | 53,611 | $5.30M | 0.00% | +1,493+2.9% | Added |
| White Pine Investment CO | 52,334 | $5.17M | 1.22% | −286−0.5% | Reduced |
| Motley Fool Wealth Management, LLC | 52,037 | $5.14M | 0.40% | −13,179−20.2% | Reduced |
| Founders Capital Management, LLC | 51,953 | $5.14M | 0.76% | +16,577+46.9% | Added |
| Motley Fool Asset Management LLC | 51,533 | $5.09M | 0.20% | −1,957−3.7% | Reduced |
| Reynders McVeigh Capital Management, LLC | 50,920 | $5.03M | 0.24% | −1,375−2.6% | Reduced |
| Janus Henderson Group PLC | 49,805 | $4.94M | 0.00% | −3,000−5.7% | Reduced |
| Campbell & CO Investment Adviser LLC | 48,183 | $4.76M | 0.23% | +48,183 | New |
| Kidder Stephen W | 46,295 | $4.58M | 1.29% | −2,585−5.3% | Reduced |
| Magnetar Financial LLC | 45,754 | $4.52M | 0.04% | +45,754 | New |
| Delaney Dennis R | 45,707 | $4.52M | 2.27% | −540−1.2% | Reduced |
| Davis-Rea Ltd. | 44,634 | $4.42M | 1.11% | +3,564+8.7% | Added |
| Markel Group Inc.SuperinvestorMarkel Group | 44,500 | $4.40M | 0.04% | +19,500+78.0% | Added |
| Sciencast Management LP | 44,027 | $4.35M | 0.60% | +44,027 | New |
| Letson Investment Management, Inc. | 43,434 | $4.29M | 1.57% | −436−1.0% | Reduced |
| Azzad Asset Management Inc | 41,555 | $4.11M | 0.40% | +284+0.7% | Added |
| Stokes Capital Advisors, LLC | 40,890 | $4.04M | 0.92% | −5,612−12.1% | Reduced |
| New York State Common Retirement Fund | 40,778 | $4.03M | 0.01% | 00.0% | Unchanged |
| Morningstar Investment Management LLC | 40,749 | $4.03M | 0.24% | +8,576+26.7% | Added |
| Logan Capital Management Inc | 39,635 | $3.92M | 0.16% | +3,648+10.1% | Added |
| Triasima Portfolio Management inc. | 38,800 | $3.84M | 0.58% | +38,800 | New |
| Strong Tower Advisory Services | 38,850 | $3.84M | 0.69% | +5,926+18.0% | Added |
| Immersion Capital LLP | 38,634 | $3.82M | 5.53% | −15,000−28.0% | Reduced |
| Sheets Smith Wealth Management | 38,625 | $3.82M | 0.42% | 00.0% | Unchanged |
| Ausbil Investment Management Ltd | 36,632 | $3.63M | 2.06% | 00.0% | Unchanged |
| Pittenger & Anderson Inc | 35,735 | $3.53M | 0.14% | 00.0% | Unchanged |
| Patrick Mauro Investment Advisor, INC. | 35,349 | $3.49M | 1.83% | +143+0.4% | Added |
| Lawson Kroeker Investment Management Inc | 34,184 | $3.38M | 1.01% | +66+0.2% | Added |
| Natixis | 33,847 | $3.35M | 0.01% | −7,705−18.5% | Reduced |
| Kensington Investment Counsel, LLC | 33,837 | $3.34M | 1.36% | +1,187+3.6% | Added |
| Blair William & Co | 32,949 | $3.26M | 0.01% | −372−1.1% | Reduced |
| Commonwealth Equity Services, LLC | 32,894 | $3.25M | 0.00% | −455−1.4% | Reduced |
| Azimuth Capital Investment Management LLC | 32,769 | $3.24M | 0.12% | +715+2.2% | Added |
| Orion Investment Co | 32,353 | $3.20M | 0.98% | −760−2.3% | Reduced |
| PCJ Investment Counsel Ltd. | 32,150 | $3.18M | 0.79% | +7,160+28.7% | Added |
| Private Capital Advisors, Inc. | 32,078 | $3.17M | 0.32% | −4,455−12.2% | Reduced |
| Allianz Asset Management GmbH | 31,954 | $3.16M | 0.00% | +5,047+18.8% | Added |
| Bowen Hanes & Co Inc | 31,946 | $3.16M | 0.08% | −50−0.2% | Reduced |
| Sterling Investment Management, Inc. | 31,660 | $3.13M | 1.77% | −6,185−16.3% | Reduced |
| Notis-McConarty Edward | 31,477 | $3.11M | 1.44% | −1,145−3.5% | Reduced |
| Huntington National Bank | 31,476 | $3.11M | 0.02% | −2,766−8.1% | Reduced |
| Lido Advisors, LLC | 32,360 | $3.09M | 0.01% | +35+0.1% | Added |
| Banque de Luxembourg S.A. | 1,124 | $2.97M | 1.39% | −24,867−95.7% | Reduced |
| Capital World Investors | 29,707 | $2.94M | 0.00% | +2,895+10.8% | Added |
| Adviser Investments LLC | 28,452 | $2.81M | 0.03% | −9,608−25.2% | Reduced |
| Fiduciary Trust Co | 28,361 | $2.80M | 0.03% | +4,140+17.1% | Added |
| Nomura Asset Management International Inc. | 28,283 | $2.80M | 0.00% | +28,283 | New |
| Susquehanna Advisors Group, Inc. | 28,200 | $2.79M | 0.09% | +28,200 | New |
| Jupiter Asset Management Ltd | 28,089 | $2.78M | 0.02% | +28,089 | New |
| Groupama Asset Managment | 20,220 | $2.74M | 0.04% | +357+1.8% | Added |
| K.J. Harrison & Partners Inc | 27,481 | $2.72M | 0.36% | −35−0.1% | Reduced |
| Baird Financial Group, Inc. | 27,093 | $2.68M | 0.00% | −374−1.4% | Reduced |
| Elefante Mark B | 27,053 | $2.67M | 1.64% | −575−2.1% | Reduced |
| Gulf International Bank (UK) Ltd | 25,707 | $2.54M | 0.08% | +33+0.1% | Added |
| Pekin Hardy Strauss, Inc. | 25,646 | $2.54M | 0.23% | +3,000+13.2% | Added |
| Argent Trust Co | 25,505 | $2.52M | 0.09% | +1,212+5.0% | Added |
| CWM Advisors, LLC | 24,827 | $2.46M | 0.22% | +1,079+4.5% | Added |
| Summerhill Capital Management lnc. | 24,124 | $2.39M | 2.21% | −206−0.8% | Reduced |
| Pacifica Partners Inc. | 23,684 | $2.37M | 1.05% | −809−3.3% | Reduced |
| Ensign Peak Advisors, Inc | 23,800 | $2.36M | 0.00% | 00.0% | Unchanged |
| CI Private Wealth, LLC | 23,614 | $2.34M | 0.00% | −5,468−18.8% | Reduced |
| Northwestern Mutual Wealth Management Co | 23,415 | $2.31M | 0.00% | +1,120+5.0% | Added |
| Petredis Investment Advisors LLC | 22,679 | $2.24M | 0.18% | −306−1.3% | Reduced |
| Farrow Financial Inc. | 22,650 | $2.24M | 1.29% | +2,462+12.2% | Added |
| Colony Group, LLC | 22,549 | $2.23M | 0.00% | +2,339+11.6% | Added |
| Williams Jones Wealth Management, LLC. | 22,483 | $2.22M | 0.03% | 00.0% | Unchanged |
| Zurich Insurance Group Ltd | 22,400 | $2.22M | 0.02% | 00.0% | Unchanged |
| Keybank National Association | 22,304 | $2.20M | 0.01% | +279+1.3% | Added |
| Wealth Enhancement Advisory Services, LLC | 21,419 | $2.15M | 0.00% | +387+1.8% | Added |
| JustInvest LLC | 21,455 | $2.12M | 0.02% | +3,132+17.1% | Added |