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

Causeway Capital Management’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
2023 Q3	–	Sell	-2,887,742	Closed	-$350M	–	91
2023 Q2	$350M	Sell	2,887,742 -1,845,152	-39%	-$219M	9.21%	2
2023 Q1	$558M	Buy	4,732,894 +495,467	+12%	+$58.6M	13.38%	2
2022 Q4	$503M	Sell	4,237,427 -422,025	-9%	-$50.4M	14.6%	2
2022 Q3	$503M	Sell	4,659,452 -410,583	-8%	-$48.9M	14.1%	1
2022 Q2	$570M	Buy	5,070,035 +2,497,774	+97%	+$292M	14.22%	1
2022 Q1	$345M	Buy	2,572,261 +772,817	+43%	+$96.6M	8.25%	3
2021 Q4	$199M	Buy	+1,799,444	New	+$228M	4.37%	3

Other funds holding CNI

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

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

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

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

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

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

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

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

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

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

Causeway Capital Management's CNI Position: Q3 2023 in Review

Causeway Capital Management sold out of Canadian National Railway (CNI) in Q3 2023, closing a stake of 2,887,742 shares — an estimated $350M sold.

Causeway Capital Management first reported a position in CNI in Q4 2021 and held it in 7 quarters. The position peaked at $570M in Q2 2022. 771 funds tracked by Wall St. Rank hold CNI as of Q3 2023.

Causeway Capital Management reported no remaining Canadian National Railway position as of Q3 2023 after selling out during the quarter.
Causeway Capital Management sold 2,887,742 Canadian National Railway shares in Q3 2023, an estimated $350M.
Causeway Capital Management first reported a position in Canadian National Railway in Q4 2021 and held it in 7 quarters.
Causeway Capital Management's Canadian National Railway position peaked at $570M in Q2 2022.
771 funds tracked by Wall St. Rank held Canadian National Railway as of Q3 2023.

Based on Causeway Capital Management's 13F filing for Q3 2023, filed 13 Nov 2023.