Headlands Technologies’s Canadian National Railway CNI Stock Holding History

Headlands Technologies’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
2025 Q3	–	Sell	-7,431	Closed	-$773K	–	736
2025 Q2	$773K	Sell	7,431 -4,166	-36%	-$424K	0.09%	227
2025 Q1	$1.13M	Sell	11,597 -11,233	-49%	-$1.14M	0.13%	176
2024 Q4	$2.32M	Buy	22,830 +20,336	+815%	+$2.22M	0.23%	103
2024 Q3	$292K	Sell	2,494 -1,183	-32%	-$138K	0.03%	431
2024 Q2	$434K	Buy	+3,677	New	+$460K	0.05%	307
2024 Q1	–	Sell	-75	Closed	-$9.42K	–	1284
2023 Q4	$9.42K	Buy	75 +61	+436%	+$6.91K	﹤0.01%	769
2023 Q3	$1.52K	Sell	14 -95	-87%	-$10.9K	﹤0.01%	843
2023 Q2	$13.2K	Sell	109 -98	-47%	-$11.6K	﹤0.01%	603
2023 Q1	$24.4K	Buy	+207	New	+$24.5K	0.02%	278

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

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

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

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

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

Wellington Management Group Boston, Massachusetts $580B AUM 38.23% 1-Year Est. Return

Massachusetts Financial Services Boston, Massachusetts $315B AUM 27.84% 1-Year Est. Return

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

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

Headlands Technologies's CNI Position: Q3 2025 in Review

Headlands Technologies sold out of Canadian National Railway (CNI) in Q3 2025, closing a stake of 7,431 shares — an estimated $773K sold.

Headlands Technologies first reported a position in CNI in Q1 2023 and held it in 9 quarters. The position peaked at $2.32M in Q4 2024. 758 funds tracked by Wall St. Rank hold CNI as of Q3 2025.

Headlands Technologies reported no remaining Canadian National Railway position as of Q3 2025 after selling out during the quarter.
Headlands Technologies sold 7,431 Canadian National Railway shares in Q3 2025, an estimated $773K.
Headlands Technologies first reported a position in Canadian National Railway in Q1 2023 and held it in 9 quarters.
Headlands Technologies's Canadian National Railway position peaked at $2.32M in Q4 2024.
758 funds tracked by Wall St. Rank held Canadian National Railway as of Q3 2025.

Based on Headlands Technologies's 13F filing for Q3 2025, filed 12 Nov 2025.