Bank of Montreal’s Canadian National Railway CNI Stock Holding History

Bank of Montreal’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	$7.21M	Buy	+70,000	New	+$7.22M	﹤0.01%	1194
2025 Q2	–	Sell	-21,500	Closed	-$2.09M	–	3546
2025 Q1	$2.09M	Buy	+21,500	New	+$2.17M	﹤0.01%	1491
2024 Q4	–	Sell	-7,600	Closed	-$884K	–	3566
2024 Q3	$884K	Sell	7,600 -3,700	-33%	-$431K	﹤0.01%	2104
2024 Q2	$1.34M	Buy	+11,300	New	+$1.41M	﹤0.01%	1873
2023 Q3	–	Sell	-6,900	Closed	-$836K	–	3860
2023 Q2	$836K	Buy	+6,900	New	+$818K	﹤0.01%	2280
2023 Q1	–	Sell	-15,000	Closed	-$1.85M	–	3838
2022 Q4	$1.85M	Buy	+15,000	New	+$1.79M	﹤0.01%	1819
2022 Q3	–	Sell	-45,000	Closed	-$5.17K	–	4112
2022 Q2	$5.17K	Buy	+45,000	New	+$5.26M	﹤0.01%	1415
2020 Q3	–	Sell	-159,600	Closed	-$14.2M	–	4783
2020 Q2	$14.2M	Buy	+159,600	New	+$13.3M	0.01%	693
2018 Q2	–	Sell	-56,000	Closed	-$4.09M	–	4729
2018 Q1	$4.09M	Buy	+56,000	New	+$4.33M	﹤0.01%	1243
2017 Q4	–	Sell	-16,300	Closed	-$1.35M	–	4180
2017 Q3	$1.35M	Buy	+16,300	New	+$1.32M	﹤0.01%	1821
2017 Q2	–	Sell	-124,000	Closed	-$9.17M	–	4155
2017 Q1	$9.17M	Buy	124,000 +111,500	+892%	+$7.91M	0.01%	839
2016 Q4	$835K	Buy	+12,500	New	+$825K	﹤0.01%	1958
2016 Q2	–	Sell	-105,000	Closed	-$6.56M	–	4107
2016 Q1	$6.56M	Buy	105,000 +38,500	+58%	+$2.16M	0.01%	931
2015 Q4	$3.72M	Sell	66,500 -25,500	-28%	-$1.49M	﹤0.01%	1108
2015 Q3	$5.22M	Buy	+92,000	New	+$5.36M	0.01%	953
2014 Q3	–	Sell	-152,200	Closed	-$9.9M	–	4064
2014 Q2	$9.9M	Buy	152,200 +6,000	+4%	+$357K	0.01%	805
2014 Q1	$8.22M	Sell	146,200 -54,000	-27%	-$2.98M	0.01%	738
2013 Q4	$11.4M	Buy	+200,200	New	+$11M	0.02%	547

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

TD Asset Management Toronto, Ontario, Canada $115B AUM 41.58% 1-Year Est. Return

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

Massachusetts Financial Services Boston, Massachusetts $315B AUM 27.84% 1-Year Est. Return

TCI Fund Management London, United Kingdom $45.2B AUM 12.74% 1-Year Est. Return

Bank of Montreal's CNI Position: Q1 2026 in Review

Bank of Montreal reduced its Canadian National Railway (CNI) stake by 1.3% in Q1 2026, selling an estimated $18.9M and leaving 13,995,757 shares worth $1.44B. The position accounts for 0.54% of the portfolio, ranked #37.

Bank of Montreal first reported a position in CNI in Q2 2013 and has held it in 52 quarters since. The position peaked at $2.39B in Q1 2023. 828 funds tracked by Wall St. Rank hold CNI as of Q1 2026.

Bank of Montreal held 13,995,757 shares of Canadian National Railway worth $1.44B as of Q1 2026.
Bank of Montreal sold 183,216 Canadian National Railway shares in Q1 2026, an estimated $18.9M.
Canadian National Railway made up 0.54% of Bank of Montreal's portfolio in Q1 2026, its #37 holding.
Bank of Montreal first reported a position in Canadian National Railway in Q2 2013 and has held it in 52 quarters since.
Bank of Montreal's Canadian National Railway position peaked at $2.39B in Q1 2023.
828 funds tracked by Wall St. Rank held Canadian National Railway as of Q1 2026.

Based on Bank of Montreal's 13F filing for Q1 2026, filed 13 May 2026.