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 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 $31.7B AUM 20.52% 1-Year Est. Return

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

Caisse de Depot et Placement du Quebec (CDPQ) Montreal, Quebec, Canada $62.4B AUM 23.7% 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

Graham Capital Management's CNI Position: Q1 2026 in Review

Graham Capital Management reduced its Canadian National Railway (CNI) stake by 46% in Q1 2026, selling an estimated $2.85M and leaving 32,233 shares worth $3.31M. The position accounts for 0.08% of the portfolio, ranked #182.

Graham Capital Management first reported a position in CNI in Q3 2023 and has held it in 9 quarters since. The position peaked at $5.92M in Q4 2025. 824 funds tracked by Wall St. Rank hold CNI as of Q1 2026.

Graham Capital Management held 32,233 shares of Canadian National Railway worth $3.31M as of Q1 2026.
Graham Capital Management sold 27,647 Canadian National Railway shares in Q1 2026, an estimated $2.85M.
Canadian National Railway made up 0.08% of Graham Capital Management's portfolio in Q1 2026, its #182 holding.
Graham Capital Management first reported a position in Canadian National Railway in Q3 2023 and has held it in 9 quarters since.
Graham Capital Management's Canadian National Railway position peaked at $5.92M in Q4 2025.
824 funds tracked by Wall St. Rank held Canadian National Railway as of Q1 2026.

Based on Graham Capital Management's 13F filing for Q1 2026, filed 15 May 2026.