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

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

1832 Asset Management Toronto, Ontario, Canada $199B AUM 37.98% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $139B AUM 29.06% 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

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

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

Capital International Investors Los Angeles, California $484B AUM 34.9% 1-Year Est. Return

Pembroke Management's CNI Position: Q4 2025 in Review

Pembroke Management sold out of Canadian National Railway (CNI) in Q4 2025, closing a stake of 12,503 shares — an estimated $1.18M sold.

Pembroke Management first reported a position in CNI in Q4 2022 and held it in 12 quarters. The position peaked at $1.77M in Q2 2025. 808 funds tracked by Wall St. Rank hold CNI as of Q4 2025.

Pembroke Management reported no remaining Canadian National Railway position as of Q4 2025 after selling out during the quarter.
Pembroke Management sold 12,503 Canadian National Railway shares in Q4 2025, an estimated $1.18M.
Pembroke Management first reported a position in Canadian National Railway in Q4 2022 and held it in 12 quarters.
Pembroke Management's Canadian National Railway position peaked at $1.77M in Q2 2025.
808 funds tracked by Wall St. Rank held Canadian National Railway as of Q4 2025.

Based on Pembroke Management's 13F filing for Q4 2025, filed 12 Feb 2026.