Nicola Wealth Management’s Canadian National Railway CNI Stock Holding History

Nicola Wealth 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	$17.3M	Sell	168,600 -30,200	-15%	-$3.11M	2.08%	18
2025 Q4	$19.7M	Hold	198,800	–	–	1.79%	19
2025 Q3	$18.7M	Buy	198,800 +24,200	+14%	+$2.34M	1.67%	22
2025 Q2	$18.2M	Sell	174,600 -65,000	-27%	-$6.61M	1.71%	22
2025 Q1	$23.3M	Hold	239,600	–	–	2.28%	8
2024 Q4	$35M	Buy	239,600 +47,100	+24%	+$5.15M	3.31%	3
2024 Q3	$30.5M	Buy	192,500 +59,300	+45%	+$6.91M	2.42%	6
2024 Q2	$21.5M	Buy	133,200 +24,800	+23%	+$3.11M	1.92%	16
2024 Q1	$19.3M	Hold	108,400	–	–	1.87%	14
2023 Q4	$18.1M	Sell	108,400 -9,400	-8%	-$1.06M	1.89%	19
2023 Q3	$17.3M	Hold	117,800	–	–	1.87%	19
2023 Q2	$14.3M	Sell	117,800 -9,000	-7%	-$1.07M	1.4%	27
2023 Q1	$14.9M	Hold	126,800	–	–	1.48%	23
2022 Q4	$15M	Hold	126,800	–	–	1.52%	25
2022 Q3	$13.8M	Hold	126,800	–	–	1.52%	24
2022 Q2	$14.3M	Buy	126,800 +5,100	+4%	+$596K	1.36%	22
2022 Q1	$16.3M	Sell	121,700 -400	-0.3%	-$50K	1.44%	16
2021 Q4	$15M	Hold	122,100	–	–	1.41%	20
2021 Q3	$14.1M	Sell	122,100 -1,500	-1%	-$166K	1.45%	19
2021 Q2	$13.1M	Sell	123,600 -1,000	-0.8%	-$110K	1.34%	24
2021 Q1	$14.5M	Buy	124,600 +16,000	+15%	+$1.78M	1.62%	15
2020 Q4	$11.9M	Hold	108,600	–	–	1.48%	24
2020 Q3	$11.6M	Hold	108,600	–	–	1.65%	16
2020 Q2	$9.61M	Hold	108,600	–	–	1.33%	24
2020 Q1	$11.9M	Hold	108,600	–	–	1.8%	17
2019 Q4	$12.8M	Hold	108,600	–	–	1.92%	11
2019 Q3	$12.9M	Hold	108,600	–	–	2.02%	9
2019 Q2	$13.2M	Hold	108,600	–	–	2.18%	8
2019 Q1	$13M	Buy	108,600 +18,000	+20%	+$1.51M	1.94%	11
2018 Q4	$9.16M	Hold	90,600	–	–	1.51%	18
2018 Q3	$10.5M	Hold	90,600	–	–	1.8%	13
2018 Q2	$9.74M	Hold	90,600	–	–	1.89%	13
2018 Q1	$8.53M	Buy	+90,600	New	+$7M	1.72%	13

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

Nicola Wealth Management's CNI Position: Q1 2026 in Review

Nicola Wealth Management reduced its Canadian National Railway (CNI) stake by 15% in Q1 2026, selling an estimated $3.11M and leaving 168,600 shares worth $17.3M. The position accounts for 2.08% of the portfolio, ranked #18.

Nicola Wealth Management first reported a position in CNI in Q1 2018 and has held it in 33 quarters since. The position peaked at $35M in Q4 2024. 825 funds tracked by Wall St. Rank hold CNI as of Q1 2026.

Nicola Wealth Management held 168,600 shares of Canadian National Railway worth $17.3M as of Q1 2026.
Nicola Wealth Management sold 30,200 Canadian National Railway shares in Q1 2026, an estimated $3.11M.
Canadian National Railway made up 2.08% of Nicola Wealth Management's portfolio in Q1 2026, its #18 holding.
Nicola Wealth Management first reported a position in Canadian National Railway in Q1 2018 and has held it in 33 quarters since.
Nicola Wealth Management's Canadian National Railway position peaked at $35M in Q4 2024.
825 funds tracked by Wall St. Rank held Canadian National Railway as of Q1 2026.

Based on Nicola Wealth Management's 13F filing for Q1 2026, filed 7 May 2026.