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

Graham 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
2026 Q2	–	Sell	-32,233	Closed	-$3.31M	–	1295
2026 Q1	$3.31M	Sell	32,233 -27,647	-46%	-$2.85M	0.08%	182
2025 Q4	$5.92M	Buy	59,880 +56,231	+1,541%	+$5.41M	0.14%	97
2025 Q3	$344K	Buy	3,649 +1,380	+61%	+$133K	0.01%	792
2025 Q2	$236K	Buy	+2,269	New	+$231K	﹤0.01%	1068
2025 Q1	–	Sell	-6,785	Closed	-$689K	–	1326
2024 Q4	$689K	Sell	6,785 -12,588	-65%	-$1.38M	0.01%	615
2024 Q3	$2.27M	Buy	+19,373	New	+$2.26M	0.04%	246
2024 Q2	–	Sell	-36,614	Closed	-$4.82M	–	1085
2024 Q1	$4.82M	Buy	36,614 +30,483	+497%	+$3.9M	0.09%	126
2023 Q4	$770K	Sell	6,131 -5,554	-48%	-$629K	0.02%	456
2023 Q3	$1.27M	Buy	+11,685	New	+$1.34M	0.03%	296

Other funds holding CNI

Gates Foundation Trust Kirkland, Washington $34.4B AUM 26.34% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $139B AUM 29.06% 1-Year Est. Return

Caisse de Depot et Placement du Quebec (CDPQ) Montreal, Quebec, Canada $70.2B AUM 30.95% 1-Year Est. Return

1832 Asset Management Toronto, Ontario, Canada $199B AUM 37.98% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Bank of Montreal Toronto, Ontario, Canada $304B AUM 35.64% 1-Year Est. Return

Mackenzie Financial Toronto Ontario, Ontario, Canada $100B AUM 36.93% 1-Year Est. Return

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

TCI Fund Management London, United Kingdom $52.8B AUM 12.71% 1-Year Est. Return

Graham Capital Management's CNI Position: Q2 2026 in Review

Graham Capital Management sold out of Canadian National Railway (CNI) in Q2 2026, closing a stake of 32,233 shares — an estimated $3.31M sold.

Graham Capital Management first reported a position in CNI in Q3 2023 and held it in 9 quarters. The position peaked at $5.92M in Q4 2025. 849 funds tracked by Wall St. Rank hold CNI as of Q2 2026.

Graham Capital Management reported no remaining Canadian National Railway position as of Q2 2026 after selling out during the quarter.
Graham Capital Management sold 32,233 Canadian National Railway shares in Q2 2026, an estimated $3.31M.
Graham Capital Management first reported a position in Canadian National Railway in Q3 2023 and held it in 9 quarters.
Graham Capital Management's Canadian National Railway position peaked at $5.92M in Q4 2025.
849 funds tracked by Wall St. Rank held Canadian National Railway as of Q2 2026.

Based on Graham Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.