Rivulet Capital’s Canadian National Railway CNI Stock Holding History

Rivulet 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
2025 Q2	–	Sell	-356,600	Closed	-$34.8M	–	15
2025 Q1	$34.8M	Buy	+356,600	New	+$36.1M	3.4%	12
2024 Q4	–	Sell	-836,450	Closed	-$98M	–	14
2024 Q3	$98M	Sell	836,450 -63,550	-7%	-$7.4M	7.23%	7
2024 Q2	$106M	Buy	900,000 +75,000	+9%	+$9.39M	7.36%	7
2024 Q1	$109M	Hold	825,000	–	–	5.45%	10
2023 Q4	$104M	Buy	825,000 +50,000	+6%	+$5.66M	5.29%	10
2023 Q3	$84M	Buy	+775,000	New	+$88.9M	5.26%	10

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

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

TCI Fund Management London, United Kingdom $45.2B AUM 12.74% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

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

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

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

1832 Asset Management Toronto, Ontario, Canada $109B AUM 35.56% 1-Year Est. Return

Rivulet Capital's CNI Position: Q2 2025 in Review

Rivulet Capital sold out of Canadian National Railway (CNI) in Q2 2025, closing a stake of 356,600 shares — an estimated $34.8M sold.

Rivulet Capital first reported a position in CNI in Q3 2023 and held it in 6 quarters. The position peaked at $109M in Q1 2024. 822 funds tracked by Wall St. Rank hold CNI as of Q2 2025.

Rivulet Capital reported no remaining Canadian National Railway position as of Q2 2025 after selling out during the quarter.
Rivulet Capital sold 356,600 Canadian National Railway shares in Q2 2025, an estimated $34.8M.
Rivulet Capital first reported a position in Canadian National Railway in Q3 2023 and held it in 6 quarters.
Rivulet Capital's Canadian National Railway position peaked at $109M in Q1 2024.
822 funds tracked by Wall St. Rank held Canadian National Railway as of Q2 2025.

Based on Rivulet Capital's 13F filing for Q2 2025, filed 14 Aug 2025.