Caisse de Depot et Placement du Quebec (CDPQ)’s Canadian National Railway CNI Stock Holding History

Caisse de Depot et Placement du Quebec (CDPQ)’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	$1.93B	Buy	18,784,173 +4,889,251	+35%	+$504M	3.09%	3
2025 Q4	$1.38B	Hold	13,894,922	–	–	2.33%	6
2025 Q3	$1.31B	Buy	13,894,922 +157,000	+1%	+$15.1M	2.36%	6
2025 Q2	$1.43B	Buy	13,737,922 +1,241,322	+10%	+$126M	3.05%	5
2025 Q1	$1.22B	Hold	12,496,600	–	–	2.55%	5
2024 Q4	$1.27B	Hold	12,496,600	–	–	2.64%	5
2024 Q3	$1.46B	Hold	12,496,600	–	–	2.91%	5
2024 Q2	$1.48B	Hold	12,496,600	–	–	3.58%	5
2024 Q1	$1.65B	Sell	12,496,600 -261,700	-2%	-$33.5M	3.96%	4
2023 Q4	$1.61B	Sell	12,758,300 -309,000	-2%	-$35M	4.1%	3
2023 Q3	$1.42B	Buy	13,067,300 +625,500	+5%	+$71.8M	4.1%	2
2023 Q2	$1.51B	Buy	12,441,800 +108,100	+0.9%	+$12.8M	4.01%	4
2023 Q1	$1.45B	Hold	12,333,700	–	–	4.14%	2
2022 Q4	$1.46B	Hold	12,333,700	–	–	4.5%	2
2022 Q3	$1.34B	Hold	12,333,700	–	–	3.89%	2
2022 Q2	$1.38B	Hold	12,333,700	–	–	3.81%	3
2022 Q1	$1.66B	Buy	12,333,700 +625,000	+5%	+$78.1M	3.87%	3
2021 Q4	$1.44B	Hold	11,708,700	–	–	3.11%	4
2021 Q3	$1.36B	Sell	11,708,700 -73,900	-0.6%	-$8.17M	2.89%	4
2021 Q2	$1.24B	Sell	11,782,600 -21,700	-0.2%	-$2.4M	2.69%	5
2021 Q1	$1.37B	Buy	11,804,300 +2,700	+0%	+$300K	3.09%	3
2020 Q4	$1.3B	Sell	11,801,600 -365,000	-3%	-$39.4M	3%	3
2020 Q3	$1.29B	Sell	12,166,600 -699,400	-5%	-$70.2M	3.44%	2
2020 Q2	$1.13B	Buy	12,866,000 +713,500	+6%	+$59.4M	3.19%	2
2020 Q1	$939M	Buy	12,152,500 +700	+0%	+$61K	2.96%	2
2019 Q4	$1.1B	Hold	12,151,800	–	–	2.68%	3
2019 Q3	$1.09B	Buy	12,151,800 +500	+0%	+$46.2K	2.66%	2
2019 Q2	$1.13B	Sell	12,151,300 -564,400	-4%	-$51.9M	2.81%	2
2019 Q1	$1.14B	Hold	12,715,700	–	–	2.89%	3
2018 Q4	$941M	Sell	12,715,700 -1,000,000	-7%	-$82.9M	2.57%	5
2018 Q3	$1.23B	Sell	13,715,700 -335,920	-2%	-$29.3M	2.86%	4
2018 Q2	$1.15B	Sell	14,051,620 -1,624,652	-10%	-$129M	2.73%	5
2018 Q1	$1.14B	Sell	15,676,272 -206,600	-1%	-$16M	2.77%	5
2017 Q4	$1.31B	Buy	15,882,872 +12,400	+0.1%	+$999K	3.03%	5
2017 Q3	$1.32B	Buy	15,870,472 +46,700	+0.3%	+$3.79M	3.04%	5
2017 Q2	$1.28B	Sell	15,823,772 -2,148,048	-12%	-$164M	3.12%	3
2017 Q1	$1.32B	Sell	17,971,820 -68,500	-0.4%	-$4.86M	3.29%	3
2016 Q4	$1.21B	Sell	18,040,320 -2,643,200	-13%	-$174M	3.07%	5
2016 Q3	$1.35B	Buy	20,683,520 +370,800	+2%	+$23.4M	3.35%	3
2016 Q2	$1.19B	Buy	20,312,720 +372,120	+2%	+$22.5M	3.07%	4
2016 Q1	$1.25B	Sell	19,940,600 -381,700	-2%	-$21.4M	3.36%	3
2015 Q4	$1.13B	Sell	20,322,300 -4,047,700	-17%	-$237M	3.13%	4
2015 Q3	$1.38B	Buy	24,370,000 +2,371,670	+11%	+$138M	3.79%	2
2015 Q2	$1.27B	Buy	21,998,330 +1,922,700	+10%	+$120M	3.35%	4
2015 Q1	$1.34B	Sell	20,075,630 -235,800	-1%	-$16M	3.74%	3
2014 Q4	$1.4B	Buy	20,311,430 +334,600	+2%	+$22.9M	3.71%	3
2014 Q3	$1.42B	Buy	19,976,830 +48,800	+0.2%	+$3.38M	3.85%	3
2014 Q2	$1.3B	Buy	19,928,030 +940,800	+5%	+$56M	3.57%	3
2014 Q1	$1.07B	Sell	18,987,230 -942,500	-5%	-$51.9M	3.21%	3
2013 Q4	$1.14B	Sell	19,929,730 -365,200	-2%	-$20.1M	3.45%	3
2013 Q3	$1.03B	Buy	20,294,930 +622,400	+3%	+$30.7M	2.93%	3
2013 Q2	$955M	Buy	+19,672,530	New	+$970M	2.76%	3

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

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

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

Caisse de Depot et Placement du Quebec (CDPQ)'s CNI Position: Q1 2026 in Review

Caisse de Depot et Placement du Quebec (CDPQ) increased its Canadian National Railway (CNI) stake by 35% in Q1 2026, buying an estimated $504M and bringing the position to 18,784,173 shares worth $1.93B. The position accounts for 3.09% of the portfolio, ranked #3.

Caisse de Depot et Placement du Quebec (CDPQ) first reported a position in CNI in Q2 2013 and has held it in 52 quarters since. 824 funds tracked by Wall St. Rank hold CNI as of Q1 2026.

Caisse de Depot et Placement du Quebec (CDPQ) held 18,784,173 shares of Canadian National Railway worth $1.93B as of Q1 2026.
Caisse de Depot et Placement du Quebec (CDPQ) bought 4,889,251 Canadian National Railway shares in Q1 2026, an estimated $504M.
Canadian National Railway made up 3.09% of Caisse de Depot et Placement du Quebec (CDPQ)'s portfolio in Q1 2026, its #3 holding.
Caisse de Depot et Placement du Quebec (CDPQ) first reported a position in Canadian National Railway in Q2 2013 and has held it in 52 quarters since.
824 funds tracked by Wall St. Rank held Canadian National Railway as of Q1 2026.

Based on Caisse de Depot et Placement du Quebec (CDPQ)'s 13F filing for Q1 2026, filed 14 May 2026.