Adalta Capital Management’s Canadian National Railway CNI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$1.41M	Hold	13,700	–	–	0.67%	33
2025 Q4	$1.35M	Sell	13,700 -1,750	-11%	-$168K	0.6%	34
2025 Q3	$1.46M	Hold	15,450	–	–	0.66%	31
2025 Q2	$1.61M	Sell	15,450 -500	-3%	-$50.9K	0.81%	30
2025 Q1	$1.56M	Hold	15,950	–	–	0.83%	28
2024 Q4	$1.62M	Hold	15,950	–	–	0.85%	24
2024 Q3	$1.87M	Hold	15,950	–	–	0.96%	23
2024 Q2	$1.89M	Hold	15,950	–	–	1.03%	20
2024 Q1	$2.1M	Hold	15,950	–	–	1.16%	18
2023 Q4	$2M	Hold	15,950	–	–	1.21%	19
2023 Q3	$1.73M	Hold	15,950	–	–	1.18%	23
2023 Q2	$1.93M	Sell	15,950 -750	-4%	-$88.9K	1.29%	20
2023 Q1	$1.97M	Hold	16,700	–	–	1.38%	18
2022 Q4	$1.99M	Hold	16,700	–	–	1.4%	21
2022 Q3	$1.8M	Hold	16,700	–	–	1.3%	21
2022 Q2	$1.88M	Hold	16,700	–	–	1.22%	22
2022 Q1	$2.25M	Hold	16,700	–	–	1.12%	23
2021 Q4	$2.05M	Hold	16,700	–	–	0.95%	24
2021 Q3	$1.93M	Sell	16,700 -500	-3%	-$55.3K	1.07%	25
2021 Q2	$1.81M	Hold	17,200	–	–	0.99%	25
2021 Q1	$2M	Hold	17,200	–	–	1.15%	23
2020 Q4	$1.89M	Hold	17,200	–	–	1.19%	23
2020 Q3	$1.83M	Hold	17,200	–	–	1.34%	23
2020 Q2	$1.52M	Hold	17,200	–	–	1.21%	23
2020 Q1	$1.33M	Sell	17,200 -3,000	-15%	-$262K	1.21%	24
2019 Q4	$1.83M	Sell	20,200 -100	-0.5%	-$8.99K	1.15%	27
2019 Q3	$1.82M	Hold	20,300	–	–	1.21%	26
2019 Q2	$1.88M	Hold	20,300	–	–	1.23%	25
2019 Q1	$1.82M	Hold	20,300	–	–	1.37%	25
2018 Q4	$1.5M	Hold	20,300	–	–	1.4%	24
2018 Q3	$1.82M	Hold	20,300	–	–	1.3%	26
2018 Q2	$1.66M	Hold	20,300	–	–	1.17%	26
2018 Q1	$1.48M	Hold	20,300	–	–	1.13%	28
2017 Q4	$1.68M	Sell	20,300 -300	-1%	-$24.2K	1.28%	26
2017 Q3	$1.71M	Hold	20,600	–	–	1.39%	27
2017 Q2	$1.67M	Hold	20,600	–	–	1.35%	27
2017 Q1	$1.52M	Buy	+20,600	New	+$1.46M	1.29%	28