Immersion Capital’s Canadian National Railway CNI Stock Holding History

Immersion Capital’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	$3.97M	Hold	38,634	–	–	4.54%	7
2025 Q4	$3.82M	Sell	38,634 -15,000	-28%	-$1.44M	5.53%	7
2025 Q3	$5.06M	Hold	53,634	–	–	5.2%	6
2025 Q2	$5.58M	Sell	53,634 -35,600	-40%	-$3.62M	5.61%	6
2025 Q1	$8.7M	Hold	89,234	–	–	5.96%	7
2024 Q4	$9.06M	Sell	89,234 -33,000	-27%	-$3.61M	7.58%	5
2024 Q3	$14.3M	Buy	122,234 +14,200	+13%	+$1.65M	7.81%	6
2024 Q2	$12.8M	Hold	108,034	–	–	7.14%	6
2024 Q1	$14.2M	Hold	108,034	–	–	5.64%	6
2023 Q4	$13.6M	Buy	+108,034	New	+$12.2M	5.84%	6

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

Immersion Capital's CNI Position: Q1 2026 in Review

Immersion Capital held its Canadian National Railway (CNI) position steady in Q1 2026 at 38,634 shares worth $3.97M. The position accounts for 4.54% of the portfolio, ranked #7.

Immersion Capital first reported a position in CNI in Q4 2023 and has held it in 10 quarters since. The position peaked at $14.3M in Q3 2024. 825 funds tracked by Wall St. Rank hold CNI as of Q1 2026.

Immersion Capital held 38,634 shares of Canadian National Railway worth $3.97M as of Q1 2026.
Immersion Capital left its Canadian National Railway share count unchanged in Q1 2026.
Canadian National Railway made up 4.54% of Immersion Capital's portfolio in Q1 2026, its #7 holding.
Immersion Capital first reported a position in Canadian National Railway in Q4 2023 and has held it in 10 quarters since.
Immersion Capital's Canadian National Railway position peaked at $14.3M in Q3 2024.
825 funds tracked by Wall St. Rank held Canadian National Railway as of Q1 2026.

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