Swiss National Bank
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Swiss National Bank’s Canadian National Railway CNI Stock Holding History

Swiss National Bank’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 		$181M Buy
1,761,000
+367,100
+26% +$37.9M 0.1% 172
2025
Q4 		$138M Sell
1,393,900
-140,700
-9% -$13.5M 0.08% 199
2025
Q3 		$145M Sell
1,534,600
-88,800
-5% -$8.57M 0.08% 203
2025
Q2 		$169M Buy
1,623,400
+102,300
+7% +$10.4M 0.1% 171
2025
Q1 		$148M Sell
1,521,100
-32,100
-2% -$3.25M 0.1% 171
2024
Q4 		$158M Sell
1,553,200
-72,400
-4% -$7.92M 0.1% 159
2024
Q3 		$191M Sell
1,625,600
-8,500
-0.5% -$990K 0.12% 139
2024
Q2 		$193M Sell
1,634,100
-15,600
-0.9% -$1.95M 0.13% 127
2024
Q1 		$217M Sell
1,649,700
-162,200
-9% -$20.7M 0.15% 117
2023
Q4 		$228M Sell
1,811,900
-74,200
-4% -$8.41M 0.17% 108
2023
Q3 		$206M Sell
1,886,100
-252,100
-12% -$28.9M 0.16% 111
2023
Q2 		$259M Sell
2,138,200
-169,500
-7% -$20.1M 0.18% 102
2023
Q1 		$272M Sell
2,307,700
-169,700
-7% -$20.1M 0.19% 98
2022
Q4 		$294M Sell
2,477,400
-165,258
-6% -$19.8M 0.21% 94
2022
Q3 		$288M Sell
2,642,658
-19,900
-0.7% -$2.37M 0.21% 94
2022
Q2 		$299M Sell
2,662,558
-479,400
-15% -$56M 0.2% 90
2022
Q1 		$421M Buy
3,141,958
+356,500
+13% +$44.6M 0.24% 73
2021
Q4 		$341M Sell
2,785,458
-174,500
-6% -$22.1M 0.21% 86
2021
Q3 		$341M Sell
2,959,958
-85,100
-3% -$9.41M 0.22% 83
2021
Q2 		$322M Buy
3,045,058
+165,358
+6% +$18.3M 0.2% 93
2021
Q1 		$334M Buy
2,879,700
+35,500
+1% +$3.94M 0.22% 90
2020
Q4 		$313M Sell
2,844,200
-147,100
-5% -$15.9M 0.22% 88
2020
Q3 		$317M Sell
2,991,300
-49,500
-2% -$4.97M 0.25% 77
2020
Q2 		$267M Buy
3,040,800
+234,400
+8% +$19.5M 0.23% 89
2020
Q1 		$216M Buy
2,806,400
+284,300
+11% +$24.8M 0.23% 95
2019
Q4 		$228M Sell
2,522,100
-145,300
-5% -$13.1M 0.23% 86
2019
Q3 		$240M Sell
2,667,400
-400
-0% -$36.9K 0.25% 81
2019
Q2 		$247M Buy
2,667,800
+117,500
+5% +$10.8M 0.27% 77
2019
Q1 		$228M Buy
2,550,300
+11,900
+0.5% +$999K 0.25% 83
2018
Q4 		$188M Sell
2,538,400
-35,200
-1% -$2.92M 0.24% 84
2018
Q3 		$230M Sell
2,573,600
-115,300
-4% -$10.1M 0.26% 77
2018
Q2 		$219M Sell
2,688,900
-24,200
-0.9% -$1.92M 0.25% 78
2018
Q1 		$198M Sell
2,713,100
-186,200
-6% -$14.4M 0.24% 88
2017
Q4 		$239M Sell
2,899,300
-17,600
-0.6% -$1.42M 0.26% 78
2017
Q3 		$242M Sell
2,916,900
-20,900
-0.7% -$1.69M 0.28% 77
2017
Q2 		$238M Sell
2,937,800
-168,600
-5% -$12.9M 0.28% 74
2017
Q1 		$229M Sell
3,106,400
-1,215,600
-28% -$86.2M 0.29% 72
2016
Q4 		$291M Sell
4,322,000
-60,100
-1% -$3.97M 0.46% 37
2016
Q3 		$287M Sell
4,382,100
-80,200
-2% -$5.06M 0.46% 36
2016
Q2 		$262M Buy
4,462,300
+114,300
+3% +$6.9M 0.42% 39
2016
Q1 		$262M Buy
4,348,000
+830,900
+24% +$46.6M 0.48% 37
2015
Q4 		$196M Sell
3,517,100
-35,400
-1% -$2.07M 0.47% 37
2015
Q3 		$201M Buy
3,552,500
+304,400
+9% +$17.7M 0.52% 34
2015
Q2 		$188M Buy
3,248,100
+123,000
+4% +$7.71M 0.49% 35
2015
Q1 		$208M Buy
3,125,100
+585,900
+23% +$39.9M 0.56% 30
2014
Q4 		$175M Buy
2,539,200
+66,500
+3% +$4.55M 0.66% 19
2014
Q3 		$176M Sell
2,472,700
-119,400
-5% -$8.27M 0.67% 19
2014
Q2 		$168M Sell
2,592,100
-108,000
-4% -$6.42M 0.62% 22
2014
Q1 		$152M Sell
2,700,100
-11,500
-0.4% -$634K 0.6% 20
2013
Q4 		$155M Sell
2,711,600
-56,400
-2% -$3.1M 0.6% 21
2013
Q3 		$140M Buy
2,768,000
+11,400
+0.4% +$563K 0.59% 22
2013
Q2 		$134M Buy
+2,756,600
New +$136M 0.59% 24

Other funds holding CNI

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 $570B AUM 27.57% 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
1832 Asset Management
1832 Asset Management Toronto, Ontario, Canada $109B AUM 35.56% 1-Year Est. Return
Fidelity International
Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
Bank of Montreal
Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return
TD Asset Management
TD Asset Management Toronto, Ontario, Canada $123B AUM 34.51% 1-Year Est. Return
Wellington Management Group
Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return
Massachusetts Financial Services
Massachusetts Financial Services Boston, Massachusetts $298B AUM 21.96% 1-Year Est. Return

Swiss National Bank's CNI Position: Q1 2026 in Review

Swiss National Bank increased its Canadian National Railway (CNI) stake by 26% in Q1 2026, buying an estimated $37.9M and bringing the position to 1,761,000 shares worth $181M. The position accounts for 0.1% of the portfolio, ranked #172.

Swiss National Bank first reported a position in CNI in Q2 2013 and has held it in 52 quarters since. The position peaked at $421M in Q1 2022. 824 funds tracked by Wall St. Rank hold CNI as of Q1 2026.

  • Swiss National Bank held 1,761,000 shares of Canadian National Railway worth $181M as of Q1 2026.
  • Swiss National Bank bought 367,100 Canadian National Railway shares in Q1 2026, an estimated $37.9M.
  • Canadian National Railway made up 0.1% of Swiss National Bank's portfolio in Q1 2026, its #172 holding.
  • Swiss National Bank first reported a position in Canadian National Railway in Q2 2013 and has held it in 52 quarters since.
  • Swiss National Bank's Canadian National Railway position peaked at $421M in Q1 2022.
  • 824 funds tracked by Wall St. Rank held Canadian National Railway as of Q1 2026.

Based on Swiss National Bank's 13F filing for Q1 2026, filed 7 May 2026.