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, Q1 2026
Institutional positions in Canadian National Railway Co as of Mar 31, 2026. 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
- 831
- +33 vs. Q4 2025
- Shares held
- 401.2M
- +21.1M (+5.6%) vs. Q4 2025
- Total value
- $42.0B
- +$4.23B (+11.2%) vs. Q4 2025
- New holders
- 95
- 271 more added
- Sold out
- 62
- 286 more reduced
11 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 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, Q1 2026
Shares, value and share of portfolio for each institution holding Canadian National Railway Co; share changes are against Q4 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Gates Foundation TrustSuperinvestorGates Foundation Trust | 51,826,786 | $5.33B | 16.82% | 00.0% | Unchanged |
| Royal Bank of Canada | 27,509,225 | $2.83B | 0.54% | +1,395,155+5.3% | Added |
| Caisse de Depot Et Placement du Quebec | 18,784,173 | $1.93B | 3.09% | +4,889,251+35.2% | Added |
| 1832 Asset Management L.P. | 18,683,240 | $1.92B | 2.54% | −64,506−0.3% | Reduced |
| FIL Ltd | 16,841,218 | $1.73B | 1.35% | +1,095,474+7.0% | Added |
| Vanguard Capital Management LLC | 15,798,602 | $1.63B | 0.04% | +15,798,602 | New |
| Bank of Montreal | 13,995,757 | $1.44B | 0.61% | −183,216−1.3% | Reduced |
| TD Asset Management Inc | 12,131,313 | $1.24B | 1.01% | +756,856+6.7% | Added |
| Wellington Management Group LLP | 11,523,186 | $1.18B | 0.22% | +2,207,383+23.7% | Added |
| Massachusetts Financial Services Co | 3,750,670 | $1.05B | 0.36% | −6,834,049−64.6% | Reduced |
| TCI Fund Management LtdSuperinvestorTCI Fund Management | 9,849,934 | $1.01B | 2.24% | 00.0% | Unchanged |
| Lazard Asset Management LLC | 9,077,518 | $934.5M | 1.54% | +173,894+2.0% | Added |
| Mackenzie Financial Corp | 8,776,306 | $903.2M | 1.08% | −118,617−1.3% | Reduced |
| Deutsche Bank AG | 7,205,119 | $740.5M | 0.24% | −1,792,982−19.9% | Reduced |
| National Bank of Canada | 6,685,129 | $685.8M | 0.70% | −25,090−0.4% | Reduced |
| Price T Rowe Associates Inc | 6,476,573 | $665.6M | 0.08% | −1,556,416−19.4% | Reduced |
| Fiera Capital Corp | 6,191,510 | $636.2M | 2.18% | −457,072−6.9% | Reduced |
| Geode Capital Management, LLC | 5,222,211 | $542.5M | 0.03% | +103,127+2.0% | Added |
| Clearbridge Investments, LLC | 5,252,996 | $539.9M | 0.47% | +771,790+17.2% | Added |
| CIBC World Markets Inc. | 5,099,397 | $526.5M | 0.93% | −66,307−1.3% | Reduced |
| Vanguard Fiduciary Trust Co | 4,795,222 | $493.6M | 0.12% | +4,795,222 | New |
| Arrowstreet Capital, Limited Partnership | 4,728,502 | $486.3M | 0.26% | −1,436,646−23.3% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 4,575,185 | $471.0M | 1.09% | +1,507,551+49.1% | Added |
| Canada Pension Plan Investment Board | 4,490,181 | $462.2M | 0.30% | +885,500+24.6% | Added |
| Manufacturers Life Insurance Company, The | 4,404,252 | $452.9M | 0.39% | −48,243−1.1% | Reduced |
| Legal & General Group Plc | 4,215,174 | $432.5M | 0.10% | +101,715+2.5% | Added |
| TD Waterhouse Canada Inc. | 4,181,425 | $429.6M | 1.27% | +2,203,112+111.4% | Added |
| Scotia Capital Inc. | 3,924,912 | $402.0M | 1.65% | +84,961+2.2% | Added |
| Federation des caisses Desjardins du Quebec | 3,835,776 | $391.8M | 1.41% | +55,621+1.5% | Added |
| CIBC Asset Management Inc | 3,668,641 | $377.1M | 0.92% | +157,867+4.5% | Added |
| Canoe Financial LP | 3,426,466 | $352.5M | 4.81% | +502,424+17.2% | Added |
| JPMorgan Chase & Co | 2,937,155 | $297.6M | 0.02% | +591,988+25.2% | Added |
| Harding Loevner LP | 2,841,460 | $292.1M | 3.01% | +697,809+32.6% | Added |
| Troy Asset Management Ltd | 2,628,962 | $284.6M | 8.49% | −107,192−3.9% | Reduced |
| Goldman Sachs Group Inc | 2,699,658 | $277.4M | 0.04% | −898,076−25.0% | Reduced |
| Morgan Stanley | 2,665,627 | $273.9M | 0.02% | +16,535+0.6% | Added |
| Fisher Asset Management, LLC | 2,534,484 | $260.5M | 0.09% | +254,706+11.2% | Added |
| Beutel, Goodman & Co Ltd. | 2,415,690 | $247.8M | 1.68% | −213,821−8.1% | Reduced |
| Vanguard Global Advisers, LLC | 2,193,483 | $225.8M | 0.12% | +2,193,483 | New |
| Toronto Dominion Bank | 1,962,533 | $202.0M | 0.39% | −83,814−4.1% | Reduced |
| FMR LLC | 1,893,039 | $194.8M | 0.01% | +271,420+16.7% | Added |
| Findlay Park Partners LLP | 1,887,968 | $194.0M | 2.70% | +671,000+55.1% | Added |
| Swiss National Bank | 1,761,000 | $181.0M | 0.10% | +367,100+26.3% | Added |
| Charles Schwab Investment Management Inc | 1,620,498 | $166.3M | 0.03% | +40,591+2.6% | Added |
| Citadel Advisors LLC | 1,549,725 | $159.3M | 0.11% | +1,265,858+445.9% | Added |
| Capital International Investors | 1,443,751 | $148.6M | 0.03% | −8,473,655−85.4% | Reduced |
| Bank of Nova Scotia | 1,397,099 | $143.8M | 0.25% | −1,429,311−50.6% | Reduced |
| Mitsubishi UFJ Trust & Banking Corp | 1,411,788 | $143.5M | 0.35% | +1,411,788 | New |
| Stifel Financial Corp | 1,390,935 | $142.9M | 0.13% | +32,483+2.4% | Added |
| Bank of America Corp | 1,390,345 | $142.9M | 0.01% | −929,181−40.1% | Reduced |
| Dimensional Fund Advisors LP | 1,382,499 | $142.1M | 0.03% | +101,861+8.0% | Added |
| Loring Wolcott & Coolidge Fiduciary Advisors LLP | 1,272,014 | $140.0M | 1.40% | −33,376−2.6% | Reduced |
| Cardinal Capital Management, Inc. | 1,185,461 | $121.6M | 3.28% | +211,111+21.7% | Added |
| Nuveen, LLC | 1,153,891 | $118.4M | 0.03% | −45,010−3.8% | Reduced |
| AQR Capital Management LLC | 1,131,846 | $115.5M | 0.05% | −102,184−8.3% | Reduced |
| Letko, Brosseau & Associates Inc | 1,051,605 | $107.9M | 1.74% | +278,265+36.0% | Added |
| Invesco Ltd. | 1,037,491 | $106.6M | 0.01% | −51,699−4.7% | Reduced |
| Vanguard Asset Management, Ltd | 1,030,080 | $106.0M | 0.09% | +1,030,080 | New |
| Amundi | 1,021,905 | $105.0M | 0.03% | +200,842+24.5% | Added |
| Intact Investment Management Inc. | 961,420 | $98.9M | 2.82% | +395,500+69.9% | Added |
| Douglass Winthrop Advisors, LLC | 954,295 | $98.1M | 1.80% | −49,225−4.9% | Reduced |
| Millennium Management LLC | 950,376 | $97.7M | 0.07% | +565,220+146.8% | Added |
| Adage Capital Partners GP, L.L.C. | 857,585 | $88.1M | 0.14% | +545,085+174.4% | Added |
| MUFG Securities (Canada), Ltd. | 809,402 | $83.2M | 2.39% | −24,684−3.0% | Reduced |
| BLI - Banque de Luxembourg Investments | 844,888 | $82.3M | 2.46% | 00.0% | Unchanged |
| Point72 Asset Management, L.P. | 779,813 | $80.1M | 0.14% | +257,191+49.2% | Added |
| Alberta Investment Management Corp | 759,302 | $78.2M | 0.48% | +40,802+5.7% | Added |
| Scheer, Rowlett & Associates Investment Management Ltd. | 733,191 | $75.5M | 5.43% | −28,296−3.7% | Reduced |
| Agf Management Ltd | 534,838 | $74.1M | 0.33% | −4,844−0.9% | Reduced |
| Franklin Resources Inc | 713,045 | $73.4M | 0.02% | +83,473+13.3% | Added |
| UBS Group AG | 668,497 | $68.7M | 0.01% | +216,543+47.9% | Added |
| British Columbia Investment Management Corp | 646,694 | $66.6M | 0.39% | −174,081−21.2% | Reduced |
| Addenda Capital Inc. | 460,005 | $65.9M | 1.85% | +6,003+1.3% | Added |
| QV Investors Inc. | 616,110 | $63.2M | 5.12% | −12,959−2.1% | Reduced |
| Value Partners Investments Inc. | 605,969 | $62.2M | 4.75% | +1,814+0.3% | Added |
| Northern Trust Corp | 591,453 | $60.8M | 0.01% | +31,437+5.6% | Added |
| Omers Administration Corp | 580,000 | $59.5M | 0.38% | +580,000 | New |
| State of Tennessee, Treasury Department | 554,927 | $57.0M | 0.19% | +17,148+3.2% | Added |
| Vanguard Investments Australia, Ltd. | 518,832 | $53.4M | 0.15% | +518,832 | New |
| Cidel Asset Management Inc | 515,357 | $52.9M | 2.89% | +247,450+92.4% | Added |
| Balyasny Asset Management LLC | 505,759 | $52.0M | 0.10% | −637,427−55.8% | Reduced |
| SEI Investments Co | 505,257 | $51.9M | 0.05% | −71,869−12.5% | Reduced |
| Bank of New York Mellon Corp | 504,017 | $51.8M | 0.01% | +3,420+0.7% | Added |
| Russell Investments Group, Ltd. | 503,705 | $51.7M | 0.06% | −41,572−7.6% | Reduced |
| Brown Advisory Inc | 489,824 | $50.3M | 0.08% | −365,720−42.7% | Reduced |
| Voloridge Investment Management, LLC | 488,695 | $50.2M | 0.20% | −117,480−19.4% | Reduced |
| DekaBank Deutsche Girozentrale | 456,770 | $47.7M | 0.08% | 00.0% | Unchanged |
| Aviva PLC | 461,754 | $47.4M | 0.08% | +13,142+2.9% | Added |
| Renaissance Technologies LLC | 460,500 | $47.3M | 0.07% | +157,900+52.2% | Added |
| Quadrature Capital Ltd | 452,000 | $46.4M | 0.55% | −1,809,305−80.0% | Reduced |
| Dixon Mitchell Investment Counsel Inc. | 448,437 | $46.0M | 1.60% | −54,088−10.8% | Reduced |
| Northwest & Ethical Investments L.P. | 426,867 | $43.9M | 1.02% | −4,103−1.0% | Reduced |
| Two Sigma Investments, LP | 423,585 | $43.5M | 0.04% | −327,345−43.6% | Reduced |
| Guardian Capital LP | 421,409 | $43.2M | 1.14% | +22,178+5.6% | Added |
| BlackRock, Inc. | 412,113 | $42.4M | 0.00% | +27,058+7.0% | Added |
| Lincluden Management Ltd | 404,264 | $42.3M | 4.50% | −14,858−3.5% | Reduced |
| Saturna Capital CORP | 400,263 | $41.1M | 0.58% | +16,049+4.2% | Added |
| Barclays PLC | 361,720 | $37.2M | 0.01% | +77,575+27.3% | Added |
| American Century Companies Inc | 358,419 | $36.9M | 0.02% | +62,295+21.0% | Added |
| CIBC Bancorp USA Inc. | 354,449 | $36.4M | 0.05% | +354,449 | New |