Duff & Phelps Investment 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	–	Sell	-336,789	Closed	-$33.4M	–	149
2025 Q4	$33.4M	Buy	336,789 +34,249	+11%	+$3.29M	0.38%	82
2025 Q3	$28.5M	Buy	302,540 +126,063	+71%	+$12.2M	0.32%	83
2025 Q2	$18.4M	Buy	+176,477	New	+$18M	0.22%	90
2023 Q4	–	Sell	-49,770	Closed	-$5.41M	–	249
2023 Q3	$5.41M	Sell	49,770 -10,000	-17%	-$1.15M	0.07%	135
2023 Q2	$7.25M	Sell	59,770 -71,500	-54%	-$8.48M	0.09%	128
2023 Q1	$15.5M	Sell	131,270 -112,413	-46%	-$13.3M	0.19%	101
2022 Q4	$28.9M	Buy	243,683 +3,673	+2%	+$439K	0.35%	84
2022 Q3	$26M	Buy	240,010 +31,452	+15%	+$3.75M	0.33%	87
2022 Q2	$23.4M	Buy	208,558 +207	+0.1%	+$24.2K	0.29%	86
2022 Q1	$28M	Buy	208,351 +30,072	+17%	+$3.76M	0.32%	88
2021 Q4	$21.9M	Buy	+178,279	New	+$22.6M	0.26%	93
2019 Q2	–	Sell	-280,600	Closed	-$25.1M	–	244
2019 Q1	$25.1M	Buy	280,600 +13,600	+5%	+$1.14M	0.38%	82
2018 Q4	$19.8M	Hold	267,000	–	–	0.33%	80
2018 Q3	$23.9M	Buy	267,000 +67,000	+34%	+$5.85M	0.36%	85
2018 Q2	$16.3M	Hold	200,000	–	–	0.24%	97
2018 Q1	$14.6M	Buy	200,000 +122,170	+157%	+$9.44M	0.23%	100
2017 Q4	$6.42M	Sell	77,830 -17,710	-19%	-$1.43M	0.09%	144
2017 Q3	$7.92M	Sell	95,540 -1,360	-1%	-$110K	0.11%	134
2017 Q2	$7.85M	Buy	+96,900	New	+$7.39M	0.11%	131