Connor, Clark & Lunn Investment Management (CC&L)
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Connor, Clark & Lunn Investment Management (CC&L)’s Canadian National Railway CNI Stock Holding History

Connor, Clark & Lunn Investment Management (CC&L)’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 		$471M Buy
4,575,185
+1,507,551
+49% +$155M 1.09% 16
2025
Q4 		$303M Buy
3,067,634
+899,402
+41% +$86.5M 0.8% 22
2025
Q3 		$204M Sell
2,168,232
-2,051,918
-49% -$198M 0.64% 29
2025
Q2 		$440M Buy
4,220,150
+1,019,914
+32% +$104M 1.55% 8
2025
Q1 		$311M Sell
3,200,236
-355,943
-10% -$36M 1.36% 13
2024
Q4 		$361M Sell
3,556,179
-406,793
-10% -$44.5M 1.63% 12
2024
Q3 		$464M Buy
3,962,972
+202,303
+5% +$23.6M 2.25% 6
2024
Q2 		$444M Buy
3,760,669
+160,961
+4% +$20.2M 1.87% 7
2024
Q1 		$474M Buy
3,599,708
+239,532
+7% +$30.6M 2.04% 7
2023
Q4 		$422M Sell
3,360,176
-762,832
-19% -$86.4M 1.97% 7
2023
Q3 		$446M Sell
4,123,008
-624,784
-13% -$71.7M 2.33% 6
2023
Q2 		$575M Buy
4,747,792
+182,093
+4% +$21.6M 2.87% 4
2023
Q1 		$539M Sell
4,565,699
-557,530
-11% -$65.9M 2.92% 3
2022
Q4 		$609M Sell
5,123,229
-381,159
-7% -$45.6M 3.5% 3
2022
Q3 		$594M Buy
5,504,388
+470,804
+9% +$56.1M 3.89% 3
2022
Q2 		$566M Buy
5,033,584
+744,177
+17% +$87M 3.44% 4
2022
Q1 		$575M Buy
4,289,407
+575,159
+15% +$71.9M 2.82% 5
2021
Q4 		$457M Sell
3,714,248
-620,580
-14% -$78.6M 2.23% 6
2021
Q3 		$502M Sell
4,334,828
-1,030,370
-19% -$114M 2.62% 4
2021
Q2 		$566M Sell
5,365,198
-436,167
-8% -$48.1M 2.88% 4
2021
Q1 		$673M Buy
5,801,365
+42,045
+0.7% +$4.67M 3.75% 3
2020
Q4 		$633M Sell
5,759,320
-196,325
-3% -$21.2M 3.74% 4
2020
Q3 		$634M Buy
5,955,645
+112,849
+2% +$11.3M 4.21% 3
2020
Q2 		$517M Sell
5,842,796
-377,333
-6% -$31.4M 3.65% 3
2020
Q1 		$487M Sell
6,220,129
-432,507
-7% -$37.7M 4.36% 2
2019
Q4 		$603M Buy
6,652,636
+110,015
+2% +$9.89M 4.16% 3
2019
Q3 		$588M Sell
6,542,621
-292,963
-4% -$27.1M 4.03% 3
2019
Q2 		$634M Sell
6,835,584
-497,627
-7% -$45.7M 4.06% 3
2019
Q1 		$657M Sell
7,333,211
-642,753
-8% -$53.9M 4.33% 3
2018
Q4 		$590M Sell
7,975,964
-48,238
-0.6% -$4M 4.02% 3
2018
Q3 		$719M Buy
8,024,202
+628,194
+8% +$54.8M 4.08% 4
2018
Q2 		$605M Buy
7,396,008
+598,397
+9% +$47.6M 3.4% 5
2018
Q1 		$496M Sell
6,797,611
-630,762
-8% -$48.7M 3% 5
2017
Q4 		$615M Buy
7,428,373
+621,930
+9% +$50.1M 3.59% 4
2017
Q3 		$563M Buy
6,806,443
+900,773
+15% +$73M 3.38% 4
2017
Q2 		$478M Buy
5,905,670
+115,145
+2% +$8.78M 3.14% 5
2017
Q1 		$426M Sell
5,790,525
-1,596,363
-22% -$113M 2.8% 6
2016
Q4 		$498M Buy
7,386,888
+12,247
+0.2% +$808K 3.42% 4
2016
Q3 		$481M Sell
7,374,641
-214,420
-3% -$13.5M 3.36% 4
2016
Q2 		$446M Sell
7,589,061
-483,498
-6% -$29.2M 3.26% 4
2016
Q1 		$507M Sell
8,072,559
-123,765
-2% -$6.93M 3.93% 3
2015
Q4 		$456M Sell
8,196,324
-450,927
-5% -$26.4M 3.81% 3
2015
Q3 		$489M Buy
8,647,251
+1,834,078
+27% +$107M 3.97% 4
2015
Q2 		$393M Sell
6,813,173
-1,567,691
-19% -$98.2M 3.57% 6
2015
Q1 		$561M Sell
8,380,864
-207,290
-2% -$14.1M 4.73% 4
2014
Q4 		$593M Sell
8,588,154
-32,502
-0.4% -$2.22M 4.79% 3
2014
Q3 		$613M Buy
8,620,656
+980,174
+13% +$67.9M 4.96% 4
2014
Q2 		$530M Sell
7,640,482
-144,215
-2% -$8.58M 3.75% 5
2014
Q1 		$484M Sell
7,784,697
-586,042
-7% -$32.3M 3.54% 8
2013
Q4 		$507M Buy
8,370,739
+87,075
+1% +$4.79M 3.95% 7
2013
Q3 		$432M Sell
8,283,664
-375,500
-4% -$18.5M 3.88% 5
2013
Q2 		$443M Buy
+8,659,164
New +$427M 4.26% 4

Other funds holding CNI

Gates Foundation Trust
Gates Foundation Trust Kirkland, Washington $31.7B AUM 20.52% 1-Year Est. Return
Royal Bank of Canada
Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ) Montreal, Quebec, Canada $62.4B AUM 23.7% 1-Year Est. Return
1832 Asset Management
1832 Asset Management Toronto, Ontario, Canada $109B AUM 35.56% 1-Year Est. Return
Fidelity International
Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
Bank of Montreal
Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return
TD Asset Management
TD Asset Management Toronto, Ontario, Canada $115B AUM 41.58% 1-Year Est. Return
Wellington Management Group
Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return
Massachusetts Financial Services
Massachusetts Financial Services Boston, Massachusetts $315B AUM 27.84% 1-Year Est. Return

Connor, Clark & Lunn Investment Management (CC&L)'s CNI Position: Q1 2026 in Review

Connor, Clark & Lunn Investment Management (CC&L) increased its Canadian National Railway (CNI) stake by 49% in Q1 2026, buying an estimated $155M and bringing the position to 4,575,185 shares worth $471M. The position accounts for 1.09% of the portfolio, ranked #16.

Connor, Clark & Lunn Investment Management (CC&L) first reported a position in CNI in Q2 2013 and has held it in 52 quarters since. The position peaked at $719M in Q3 2018. 827 funds tracked by Wall St. Rank hold CNI as of Q1 2026.

  • Connor, Clark & Lunn Investment Management (CC&L) held 4,575,185 shares of Canadian National Railway worth $471M as of Q1 2026.
  • Connor, Clark & Lunn Investment Management (CC&L) bought 1,507,551 Canadian National Railway shares in Q1 2026, an estimated $155M.
  • Canadian National Railway made up 1.09% of Connor, Clark & Lunn Investment Management (CC&L)'s portfolio in Q1 2026, its #16 holding.
  • Connor, Clark & Lunn Investment Management (CC&L) first reported a position in Canadian National Railway in Q2 2013 and has held it in 52 quarters since.
  • Connor, Clark & Lunn Investment Management (CC&L)'s Canadian National Railway position peaked at $719M in Q3 2018.
  • 827 funds tracked by Wall St. Rank held Canadian National Railway as of Q1 2026.

Based on Connor, Clark & Lunn Investment Management (CC&L)'s 13F filing for Q1 2026, filed 11 May 2026.