Act Two Investors’s Canadian National Railway CNI Stock Holding History

Act Two Investors’s Portfolio CNI Stock Details CNI Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$3.39M	Sell	33,020 -113,365	-77%	-$11.7M	0.75%	23
2025 Q4	$14.5M	Buy	146,385 +38,688	+36%	+$3.72M	2.6%	14
2025 Q3	$10.2M	Buy	107,697 +74,677	+226%	+$7.21M	1.8%	15
2025 Q2	$3.44M	Hold	33,020	–	–	0.7%	21
2025 Q1	$3.22M	Sell	33,020 -86,699	-72%	-$8.77M	0.68%	23
2024 Q4	$12.2M	Buy	119,719 +86,699	+263%	+$9.48M	2.37%	14
2024 Q3	$3.87M	Hold	33,020	–	–	0.73%	24
2024 Q2	$3.9M	Hold	33,020	–	–	0.77%	21
2024 Q1	$4.35M	Hold	33,020	–	–	0.87%	21
2023 Q4	$4.15M	Hold	33,020	–	–	0.9%	22
2023 Q3	$3.58M	Hold	33,020	–	–	0.96%	21
2023 Q2	$4M	Hold	33,020	–	–	1.12%	20
2023 Q1	$3.9M	Hold	33,020	–	–	1.55%	16
2022 Q4	$3.93M	Hold	33,020	–	–	4.06%	10
2022 Q3	$3.57M	Hold	33,020	–	–	3.61%	10
2022 Q2	$3.71M	Hold	33,020	–	–	3.5%	10
2022 Q1	$4.43M	Hold	33,020	–	–	3.51%	10
2021 Q4	$4.06M	Sell	33,020 -15	-0%	-$1.9K	3.2%	11
2021 Q3	$3.82M	Sell	33,035 -314	-0.9%	-$34.7K	0.91%	22
2021 Q2	$3.52M	Hold	33,349	–	–	0.69%	23
2021 Q1	$3.87M	Hold	33,349	–	–	0.85%	22
2020 Q4	$3.66M	Hold	33,349	–	–	0.92%	21
2020 Q3	$3.55M	Buy	33,349 +15	+0%	+$1.51K	1.15%	19
2020 Q2	$2.95M	Hold	33,334	–	–	1.1%	18
2020 Q1	$2.59M	Sell	33,334 -70	-0.2%	-$6.1K	1.2%	19
2019 Q4	$3.02M	Hold	33,404	–	–	1.14%	22
2019 Q3	$3M	Buy	33,404 +384	+1%	+$35.5K	1.32%	20
2019 Q2	$3.05M	Sell	33,020 -384	-1%	-$35.3K	1.59%	21
2019 Q1	$2.99M	Hold	33,404	–	–	1.72%	19
2018 Q4	$2.48M	Buy	+33,404	New	+$2.77M	1.74%	21

Other funds holding CNI

Gates Foundation Trust Kirkland, Washington $31.7B AUM 20.52% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Caisse de Depot et Placement du Quebec (CDPQ) Montreal, Quebec, Canada $62.4B AUM 23.7% 1-Year Est. Return

1832 Asset Management Toronto, Ontario, Canada $109B AUM 35.56% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

TD Asset Management Toronto, Ontario, Canada $123B AUM 34.51% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

Massachusetts Financial Services Boston, Massachusetts $298B AUM 21.96% 1-Year Est. Return

Act Two Investors's CNI Position: Q1 2026 in Review

Act Two Investors reduced its Canadian National Railway (CNI) stake by 77% in Q1 2026, selling an estimated $11.7M and leaving 33,020 shares worth $3.39M. The position accounts for 0.75% of the portfolio, ranked #23.

Act Two Investors first reported a position in CNI in Q4 2018 and has held it in 30 quarters since. The position peaked at $14.5M in Q4 2025. 825 funds tracked by Wall St. Rank hold CNI as of Q1 2026.

Act Two Investors held 33,020 shares of Canadian National Railway worth $3.39M as of Q1 2026.
Act Two Investors sold 113,365 Canadian National Railway shares in Q1 2026, an estimated $11.7M.
Canadian National Railway made up 0.75% of Act Two Investors's portfolio in Q1 2026, its #23 holding.
Act Two Investors first reported a position in Canadian National Railway in Q4 2018 and has held it in 30 quarters since.
Act Two Investors's Canadian National Railway position peaked at $14.5M in Q4 2025.
825 funds tracked by Wall St. Rank held Canadian National Railway as of Q1 2026.

Based on Act Two Investors's 13F filing for Q1 2026, filed 8 May 2026.