Pembroke Management’s Canadian National Railway CNI Stock Holding History

Pembroke 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
2025 Q4	–	Sell	-12,503	Closed	-$1.18M	–	94
2025 Q3	$1.18M	Hold	12,503	–	–	0.12%	53
2025 Q2	$1.77M	Buy	12,503 +1,820	+17%	+$185K	0.21%	45
2025 Q1	$1.5M	Buy	10,683 +3,770	+55%	+$381K	0.22%	48
2024 Q4	$1.01M	Buy	6,913 +1,420	+26%	+$155K	0.13%	55
2024 Q3	$870K	Buy	5,493 +1,473	+37%	+$172K	0.11%	51
2024 Q2	$650K	Sell	4,020 -801	-17%	-$100K	0.09%	57
2024 Q1	$860K	Buy	4,821 +211	+5%	+$27K	0.1%	56
2023 Q4	$768K	Buy	4,610 +434	+10%	+$49.2K	0.1%	57
2023 Q3	$614K	Hold	4,176	–	–	0.08%	54
2023 Q2	$670K	Buy	4,176 +1,118	+37%	+$133K	0.07%	58
2023 Q1	$488K	Hold	3,058	–	–	0.05%	61
2022 Q4	$492K	Buy	+3,058	New	+$366K	0.05%	63

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Gates Foundation Trust

Gates Foundation Trust Kirkland, Washington $31.7B AUM 20.52% 1-Year Est. Return

Royal Bank of Canada

Royal Bank of Canada Toronto, Ontario, Canada $528B AUM 27.57% 1-Year Est. Return

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

1832 Asset Management

1832 Asset Management Toronto, Ontario, Canada $75.5B AUM 35.56% 1-Year Est. Return

Fidelity International

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

Bank of Montreal

Bank of Montreal Toronto, Ontario, Canada $245B AUM 31.4% 1-Year Est. Return

Caisse de Depot et Placement du Quebec (CDPQ)

Caisse de Depot et Placement du Quebec (CDPQ) Montreal, Quebec, Canada $62.4B AUM 23.7% 1-Year Est. Return

TD Asset Management

TD Asset Management Toronto, Ontario, Canada $123B AUM 34.51% 1-Year Est. Return

Massachusetts Financial Services

Massachusetts Financial Services Boston, Massachusetts $298B AUM 21.96% 1-Year Est. Return

Capital International Investors

Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return