Canadian National Railway
821 hedge funds and large institutions have $44.8B invested in Canadian National Railway in 2025 Q2 according to their latest regulatory filings, with 78 funds opening new positions, 280 increasing their positions, 282 reducing their positions, and 67 closing their positions.
121% more call options, than puts
Call options by funds: $126M | Put options by funds: $57.1M
16% more first-time investments, than exits
New positions opened: 78 | Existing positions closed: 67
7% more capital invested
Capital invested by funds: $41.8B → $44.8B (+$2.99B)
0.13% more ownership
Funds ownership: 68.3% → 68.43% (+0.13%)
0% more funds holding in top 10
Funds holding in top 10: 24 → 24 (0)
0% less funds holding
Funds holding: 822 → 821 (-1)
1% less repeat investments, than reductions
Existing positions increased: 280 | Existing positions reduced: 282
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$648M |
| 2 |
Fisher Asset Management
Camas,
Washington
|
+$186M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
+$150M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$143M |
| 5 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$126M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$651M |
| 2 |
TCI Fund Management
London,
United Kingdom
|
-$398M |
| 3 |
QC
Quadrature Capital
London,
United Kingdom
|
-$215M |
| 4 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$173M |
| 5 |
Capital International Investors
Los Angeles,
California
|
-$107M |
CNI Hedge Fund Activity: Q2 2025 in Review
821 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Canadian National Railway (CNI) for Q2 2025, worth a combined $44.8B — up 7.1% from $41.8B a quarter earlier.
Buyers outnumbered sellers: 78 funds opened new CNI positions and 67 closed out — a net gain of 11 holders — while 280 added to existing stakes and 282 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $648M. The largest seller was Bank of New York Mellon, cutting an estimated $651M.
- 821 institutional investors held Canadian National Railway (CNI) as of Q2 2025, down from 822 in Q1 2025.
- Funds reported $44.8B of Canadian National Railway stock for Q2 2025, up 7.1% quarter-over-quarter.
- 78 funds opened new Canadian National Railway positions in Q2 2025 and 67 closed out, a net change of +11 holders.
- The largest Canadian National Railway buyer in Q2 2025 was Wellington Management Group, an estimated $648M added.
- The largest Canadian National Railway seller in Q2 2025 was Bank of New York Mellon, an estimated $651M sold.
Based on aggregated 13F filings for Q2 2025.