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 |
|---|---|---|---|---|---|
| Canoe Financial LP | 3,426,466 | $352.5M | 4.81% | +502,424+17.2% | Added |
| CIBC Asset Management Inc | 3,668,641 | $377.1M | 0.92% | +157,867+4.5% | Added |
| Federation des caisses Desjardins du Quebec | 3,835,776 | $391.8M | 1.41% | +55,621+1.5% | Added |
| Scotia Capital Inc. | 3,924,912 | $402.0M | 1.65% | +84,961+2.2% | Added |
| TD Waterhouse Canada Inc. | 4,181,425 | $429.6M | 1.27% | +2,203,112+111.4% | Added |
| Legal & General Group Plc | 4,215,174 | $432.5M | 0.10% | +101,715+2.5% | Added |
| Manufacturers Life Insurance Company, The | 4,404,252 | $452.9M | 0.39% | −48,243−1.1% | Reduced |
| Canada Pension Plan Investment Board | 4,490,181 | $462.2M | 0.30% | +885,500+24.6% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 4,575,185 | $471.0M | 1.09% | +1,507,551+49.1% | Added |
| Arrowstreet Capital, Limited Partnership | 4,728,502 | $486.3M | 0.26% | −1,436,646−23.3% | Reduced |
| Vanguard Fiduciary Trust Co | 4,795,222 | $493.6M | 0.12% | +4,795,222 | New |
| CIBC World Markets Inc. | 5,099,397 | $526.5M | 0.93% | −66,307−1.3% | Reduced |
| Clearbridge Investments, LLC | 5,252,996 | $539.9M | 0.47% | +771,790+17.2% | Added |
| Geode Capital Management, LLC | 5,222,211 | $542.5M | 0.03% | +103,127+2.0% | Added |
| Fiera Capital Corp | 6,191,510 | $636.2M | 2.18% | −457,072−6.9% | Reduced |
| Price T Rowe Associates Inc | 6,476,573 | $665.6M | 0.08% | −1,556,416−19.4% | Reduced |
| National Bank of Canada | 6,685,129 | $685.8M | 0.70% | −25,090−0.4% | Reduced |
| Deutsche Bank AG | 7,205,119 | $740.5M | 0.24% | −1,792,982−19.9% | Reduced |
| Mackenzie Financial Corp | 8,776,306 | $903.2M | 1.08% | −118,617−1.3% | Reduced |
| Lazard Asset Management LLC | 9,077,518 | $934.5M | 1.54% | +173,894+2.0% | Added |
| TCI Fund Management LtdSuperinvestorTCI Fund Management | 9,849,934 | $1.01B | 2.24% | 00.0% | Unchanged |
| Massachusetts Financial Services Co | 3,750,670 | $1.05B | 0.36% | −6,834,049−64.6% | Reduced |
| Wellington Management Group LLP | 11,523,186 | $1.18B | 0.22% | +2,207,383+23.7% | Added |
| TD Asset Management Inc | 12,131,313 | $1.24B | 1.01% | +756,856+6.7% | Added |
| Bank of Montreal | 13,995,757 | $1.44B | 0.61% | −183,216−1.3% | Reduced |
| Vanguard Capital Management LLC | 15,798,602 | $1.63B | 0.04% | +15,798,602 | New |
| FIL Ltd | 16,841,218 | $1.73B | 1.35% | +1,095,474+7.0% | Added |
| 1832 Asset Management L.P. | 18,683,240 | $1.92B | 2.54% | −64,506−0.3% | Reduced |
| Caisse de Depot Et Placement du Quebec | 18,784,173 | $1.93B | 3.09% | +4,889,251+35.2% | Added |
| Royal Bank of Canada | 27,509,225 | $2.83B | 0.54% | +1,395,155+5.3% | Added |
| Gates Foundation TrustSuperinvestorGates Foundation Trust | 51,826,786 | $5.33B | 16.82% | 00.0% | Unchanged |
| Clean Energy Transition LLP | 0 | $0 | 0.00% | −478,184−100.0% | Sold out |
| Duff & Phelps Investment Management Co | 0 | $0 | 0.00% | −336,789−100.0% | Sold out |
| Two Sigma Advisers, LP | 0 | $0 | 0.00% | −208,772−100.0% | Sold out |
| Bridgewater Associates, LP | 0 | $0 | 0.00% | −187,527−100.0% | Sold out |
| Skandinaviska Enskilda Banken AB (publ) | 0 | $0 | 0.00% | −81,713−100.0% | Sold out |
| Heronetta Management, L.P. | 0 | $0 | 0.00% | −53,400−100.0% | Sold out |
| Capital International Ltd | 0 | $0 | 0.00% | −61,579−100.0% | Sold out |
| Sienna Gestion | 0 | $0 | 0.00% | −55,300−100.0% | Sold out |
| Campbell & CO Investment Adviser LLC | 0 | $0 | 0.00% | −48,183−100.0% | Sold out |
| New York State Common Retirement Fund | 0 | $0 | 0.00% | −40,778−100.0% | Sold out |
| Logan Capital Management Inc | 0 | $0 | 0.00% | −39,635−100.0% | Sold out |
| Nomura Asset Management International Inc. | 0 | $0 | 0.00% | −28,283−100.0% | Sold out |
| Jupiter Asset Management Ltd | 0 | $0 | 0.00% | −28,089−100.0% | Sold out |
| Petredis Investment Advisors LLC | 0 | $0 | 0.00% | −22,679−100.0% | Sold out |
| Coronation Fund Managers Ltd. | 0 | $0 | 0.00% | −19,138−100.0% | Sold out |
| Woodbridge Co Ltd | 0 | $0 | 0.00% | −19,010−100.0% | Sold out |
| Timelo Investment Management Inc. | 0 | $0 | 0.00% | −15,000−100.0% | Sold out |
| IMC-Chicago, LLC | 0 | $0 | 0.00% | −13,496−100.0% | Sold out |
| Capital Group Investment Management Pte. Ltd. | 0 | $0 | 0.00% | −10,435−100.0% | Sold out |
| Rathbone Brothers plc | 0 | $0 | 0.00% | −7,155−100.0% | Sold out |
| Venturi Wealth Management, LLC | 0 | $0 | 0.00% | −6,547−100.0% | Sold out |
| Shelton Capital Management | 0 | $0 | 0.00% | −4,980−100.0% | Sold out |
| Marshall Wace, LLP | 0 | $0 | 0.00% | −4,744−100.0% | Sold out |
| Twinbeech Capital LP | 0 | $0 | 0.00% | −4,461−100.0% | Sold out |
| Aigen Investment Management, LP | 0 | $0 | 0.00% | −3,228−100.0% | Sold out |
| Chevy Chase Trust Holdings, Inc. | 0 | $0 | 0.00% | −3,138−100.0% | Sold out |
| Centurion Wealth Management LLC | 0 | $0 | 0.00% | −2,923−100.0% | Sold out |
| Valley Brook Capital Group | 0 | $0 | 0.00% | −2,900−100.0% | Sold out |
| Greenspring Advisors, LLC | 0 | $0 | 0.00% | −2,748−100.0% | Sold out |
| HighPoint Advisor Group LLC | 0 | $0 | 0.00% | −2,711−100.0% | Sold out |
| West Family Investments, Inc. | 0 | $0 | 0.00% | −2,667−100.0% | Sold out |
| Scientech Research LLC | 0 | $0 | 0.00% | −2,645−100.0% | Sold out |
| Xponance, Inc. | 0 | $0 | 0.00% | −2,359−100.0% | Sold out |
| AlphaCore Capital LLC | 0 | $0 | 0.00% | −2,265−100.0% | Sold out |
| PharVision Advisers, LLC | 0 | $0 | 0.00% | −2,219−100.0% | Sold out |
| Gsa Capital Partners LLP | 0 | $0 | 0.00% | −2,196−100.0% | Sold out |
| Keel Point, LLC | 0 | $0 | 0.00% | −2,138−100.0% | Sold out |
| Brevan Howard Capital Management LP | 0 | $0 | 0.00% | −2,109−100.0% | Sold out |
| Farringdon Capital, Ltd. | 0 | $0 | 0.00% | −2,083−100.0% | Sold out |
| Wealthspire Advisors, LLC | 0 | $0 | 0.00% | −2,062−100.0% | Sold out |
| LVW Advisors, LLC | 0 | $0 | 0.00% | −2,039−100.0% | Sold out |
| Midwest Professional Planners, LTD. | 0 | $0 | 0.00% | −2,039−100.0% | Sold out |
| Havemeyer Place LP | 0 | $0 | 0.00% | −1,538−100.0% | Sold out |
| DV Trading LLC | 0 | $0 | 0.00% | −1,537−100.0% | Sold out |
| Arbor Wealth Management LLC | 0 | $0 | 0.00% | −1,065−100.0% | Sold out |
| United Community Bank | 0 | $0 | 0.00% | −907−100.0% | Sold out |
| SageView Advisory Group, LLC | 0 | $0 | 0.00% | −654−100.0% | Sold out |
| Capital Analysts, LLC | 0 | $0 | 0.00% | −300−100.0% | Sold out |
| Hollencrest Capital Management | 0 | $0 | 0.00% | −300−100.0% | Sold out |
| Flagship Harbor Advisors, LLC | 0 | $0 | 0.00% | −228−100.0% | Sold out |
| Accent Capital Management, LLC | 0 | $0 | 0.00% | −178−100.0% | Sold out |
| Murphy & Mullick Capital Management Corp | 0 | $0 | 0.00% | −171−100.0% | Sold out |
| Quarry LP | 0 | $0 | 0.00% | −150−100.0% | Sold out |
| Reflection Asset Management | 0 | $0 | 0.00% | −16,106−100.0% | Sold out |
| Core Alternative Capital | 0 | $0 | 0.00% | −100−100.0% | Sold out |
| Strategic Investment Solutions, Inc. | 0 | $0 | 0.00% | −100−100.0% | Sold out |
| YANKCOM Partnership | 0 | $0 | 0.00% | −87−100.0% | Sold out |
| Reyes Financial Architecture, Inc. | 0 | $0 | 0.00% | −24−100.0% | Sold out |
| Copeland Capital Management, LLC | 0 | $0 | 0.00% | −22−100.0% | Sold out |
| IFC & Insurance Marketing, Inc. | 0 | $0 | 0.00% | −25−100.0% | Sold out |
| Tucker Asset Management LLC | 0 | $0 | 0.00% | −15−100.0% | Sold out |
| Turning Point Benefit Group, Inc. | 0 | $0 | 0.00% | −3−100.0% | Sold out |
| Vanguard Group Inc | – | – | – | – | Not filed |
| Norges Bank | – | – | – | – | Not filed |
| CIBC Private Wealth Group, LLC | – | – | – | – | Not filed |
| Osher Van de Voorde Investment Management | – | – | – | – | Not filed |
| Forsta Ap-Fonden | – | – | – | – | Not filed |
| FineMark National Bank & Trust | – | – | – | – | Not filed |
| Trust Co of Vermont | – | – | – | – | Not filed |